Nakabohtec Corrosion Protecting Co., Ltd. (1787) AI Stock Analysis

• Market Cap: ¥14.27B
• Dividend Yield: 4.93%
• Average Volume (3M): 503.00
• Price to Earnings (P/E): 8.9
• Beta (1Y): 0.31
• Revenue Growth: 3.19%
• EPS Growth: 1.83%
• Country: JP
• Employees: 265
• Sector: Industrials
• Sector Strength: 72
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 155.97
• Shares Outstanding: 2,602,500
• 10 Day Avg. Volume: 600
• 30 Day Avg. Volume: 503
• PEG Ratio: 0.46
• Price to Book (P/B): 1.41
• Price to Sales (P/S): 0.84
• P/FCF Ratio: 21.54
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 80 Outperform
• Price Target: ¥6,785.00 ▲(32.52% Upside)
• Action: Upgraded Date: 12/30/25
• Date: Action: Upgraded 12/30/25

The score is driven primarily by strong financial quality—especially a debt-free balance sheet and improving margins—supported by an attractive valuation (P/E ~14.8 and ~4.9% dividend yield). Technicals are positive with the stock above key moving averages, though momentum indicators are getting somewhat stretched, and cash-flow conversion volatility remains a key risk.

Positive Factors

Debt-free balance sheet

A zero-debt balance sheet and rising equity provide durable financial resilience: the company can fund operations and maintenance through internal capital, withstand industry downturns without refinancing risk, and preserve optionality for strategic investments or opportunistic M&A.

Negative Factors

Choppy operating cash conversion

Weak and volatile conversion of accounting profit into operating cash (coverage ~0.28 in 2025) signals working-capital or timing risks; persistent cash conversion variability can limit sustainable reinvestment, dividends, or capital projects despite reported earnings.

Nakabohtec Corrosion Protecting Co., Ltd. Business Overview & Revenue Model

Company Description

Nakabohtec Corrosion Protecting Co.,Ltd. provides survey, analysis, design, engineering, work supervision, and material supply services for protecting metallic structures from corrosion in Japan. It offers cathodic protection work, painting corros...

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Nakabohtec Corrosion Protecting Co.,Ltd. provides survey, analysis, design, engineering, work supervision, and material supply services for protecting metallic structures from corrosion in Japan. It offers cathodic protection work, painting corros...

How the Company Makes Money

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Nakabohtec Corrosion Protecting Co., Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	14.78B	14.73B	13.78B	14.16B	12.91B	13.01B
Gross Profit	3.82B	3.93B	3.50B	3.53B	3.20B	3.41B
EBITDA	1.55B	1.58B	1.30B	1.40B	1.16B	1.36B
Net Income	1.03B	1.05B	834.90M	899.25M	763.79M	901.47M
Balance Sheet
Total Assets	10.20B	12.25B	11.44B	11.49B	10.93B	11.32B
Cash, Cash Equivalents and Short-Term Investments	4.64B	3.92B	3.93B	3.42B	3.33B	3.02B
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	2.43B	3.52B	3.14B	3.48B	3.29B	3.86B
Stockholders Equity	7.77B	8.73B	8.30B	8.01B	7.64B	7.45B
Cash Flow
Free Cash Flow	0.00	570.91M	1.16B	641.15M	1.23B	-106.20M
Operating Cash Flow	0.00	692.50M	1.23B	822.74M	1.33B	-7.17M
Investing Cash Flow	0.00	-114.20M	-89.36M	-185.32M	-224.24M	-122.57M
Financing Cash Flow	0.00	-590.64M	-628.15M	-544.42M	-800.57M	-627.04M

Nakabohtec Corrosion Protecting Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 5120.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1787, the sentiment is Neutral. The current price of 5120 is below the 20-day moving average (MA) of 6117.52, below the 50-day MA of 5907.67, and below the 200-day MA of 5341.58, indicating a neutral trend. The MACD of -31.60 indicates Positive momentum. The RSI at 40.37 is Neutral, neither overbought nor oversold. The STOCH value of 5.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:1787.

Nakabohtec Corrosion Protecting Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1787	80 Outperform	¥14.27B	8.89	―	4.93%	3.19%	1.83%
6497	73 Outperform	¥8.45B	8.32	―	2.92%	5.71%	169.04%
5994	69 Neutral	¥6.43B	-102.51	―	1.06%	6.41%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
5644	63 Neutral	¥15.69B	4.33	―	2.87%	2.38%	-5.80%
5852	54 Neutral	¥22.21B	3.53	―	4.33%	5.12%	―
6433	52 Neutral	¥7.70B	-20.41	―	0.11%	-10.82%	-69.03%