Nisshin OilliO Group, Ltd. (JP:2602)
:2602
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Nisshin OilliO Group, Ltd.
(2602)
Select Model
Select Model
Rating:60Neutral
Price Target:
¥1,846.00
▼(-65.17% Downside)
Action:Reiterated
Date:05/13/26
The score is held back mainly by weak cash-flow quality (negative 2026 free cash flow) and bearish technical momentum (below major moving averages with negative MACD). Valuation is a key offset, supported by a low P/E and a solid dividend yield, while earnings strength and balance-sheet equity growth are tempered by rising leverage.
Positive Factors
Diversified Revenue Streams
Nisshin OilliO’s dual model—branded retail products plus bulk industrial/foodservice sales—provides durable demand diversification. Household staples and B2B contracts smooth volatility, support steady volumes, and enable scale economies in procurement, production and distribution over the medium term.
Negative Factors
Negative Free Cash Flow
A large negative free cash flow outturn suggests heavy capex or working-capital strain that reduces cash available for debt service, dividends, or buybacks. Persistent FCF weakness undermines financial flexibility and raises refinancing and liquidity risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Revenue Streams
Nisshin OilliO’s dual model—branded retail products plus bulk industrial/foodservice sales—provides durable demand diversification. Household staples and B2B contracts smooth volatility, support steady volumes, and enable scale economies in procurement, production and distribution over the medium term.
Read all positive factors
Nisshin OilliO Group, Ltd. (2602) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥162.68B
Dividend Yield3.44%
Average Volume (3M)63.81K
Price to Earnings (P/E)6.1
Beta (1Y)0.50
Revenue Growth4.40%
EPS Growth91.05%
CountryJP
Employees3,078
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)252.44
Shares Outstanding95,288,270
10 Day Avg. Volume60,660
30 Day Avg. Volume63,810
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)0.86
Price to Sales (P/S)0.32
P/FCF Ratio-9.57
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)134.6
Revenue Forecast (FY)¥572.70B
Nisshin OilliO Group, Ltd. Business Overview & Revenue Model
Company Description
The Nisshin OilliO Group,Ltd. engages in oil and meal, processed oil and fat, fine chemical, and health science businesses in Japan, China, Taiwan, Malaysia, Singapore, Indonesia, the United States, and Europe. The company offers edible oil for us...
How the Company Makes Money
Nisshin OilliO primarily makes money by manufacturing and selling edible oils and fats. Its revenue is generated through (1) sales of branded retail products (e.g., cooking oils) distributed through consumer channels, and (2) sales of bulk and ind...
Nisshin OilliO Group, Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
45
Neutral
| Breakdown | Mar 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 554.25B | 530.88B | 513.54B | 556.57B | 432.78B |
| Gross Profit | 74.74B | 74.78B | 74.32B | 65.62B | 56.99B |
| EBITDA | 28.64B | 29.79B | 30.17B | 25.61B | 20.58B |
| Net Income | 23.99B | 12.85B | 15.15B | 11.16B | 8.60B |
Balance Sheet | |||||
| Total Assets | 451.19B | 388.24B | 393.38B | 374.45B | 344.51B |
| Cash, Cash Equivalents and Short-Term Investments | 19.39B | 17.15B | 20.43B | 13.04B | 9.98B |
| Total Debt | 127.52B | 98.30B | 104.62B | 111.82B | 97.83B |
| Total Liabilities | 229.18B | 190.15B | 200.82B | 203.03B | 180.19B |
| Stockholders Equity | 210.22B | 187.15B | 182.62B | 162.56B | 156.23B |
Cash Flow | |||||
| Free Cash Flow | -18.82B | 5.69B | 21.95B | -6.83B | -36.77B |
| Operating Cash Flow | 10.46B | 21.17B | 36.72B | 398.00M | -26.63B |
| Investing Cash Flow | -9.83B | -9.59B | -16.08B | -5.59B | -9.33B |
| Financing Cash Flow | 8.23B | -13.88B | -14.59B | 5.79B | 34.47B |
Nisshin OilliO Group, Ltd. Technical Analysis
Negative
5300.00
Price Trends
1836.17
Negative
1856.88
Negative
1772.48
Negative
Market Momentum
-31.02
Negative
40.19
Neutral
26.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2602, the sentiment is Negative. The current price of 5300 is above the 20-day moving average (MA) of 1762.15, above the 50-day MA of 1836.17, and above the 200-day MA of 1772.48, indicating a bearish trend. The MACD of -31.02 indicates Negative momentum. The RSI at 40.19 is Neutral, neither overbought nor oversold. The STOCH value of 26.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2602.
Nisshin OilliO Group, Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥41.67B | 15.11 | ― | 2.55% | 1.47% | 15.57% | |
69 Neutral | ¥18.85B | 1.94 | ― | 2.54% | 5.51% | 386.06% | |
65 Neutral | ¥31.09B | 9.22 | ― | 2.23% | 0.71% | -9.71% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | ¥162.68B | 6.11 | 12.56% | 3.44% | 4.40% | 91.05% | |
58 Neutral | ¥65.00B | 13.66 | ― | 3.77% | -1.82% | -32.12% | |
51 Neutral | ¥293.82B | 28.13 | ― | 1.45% | 15.06% | 399.49% |
* Consumer Defensive Sector Average
JP:2602
Nisshin OilliO Group, Ltd.
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Nisshin OilliO Group, Ltd. Corporate Events
Nisshin OilliO Details Marubeni Ties and Minority Shareholder Safeguards
May 12, 2026
Nisshin OilliO has disclosed details of its relationship with major shareholder Marubeni Corporation, which owns 17% of its voting rights and treats Nisshin OilliO as an equity-method affiliate. The company emphasizes that its board independently ...
Nisshin OilliO Grows Revenue but Sees Margin Pressure in FY2025
May 12, 2026
Nisshin OilliO reported fiscal 2025 net sales of ¥554.3 billion, up 4.4% year on year, driven mainly by growth in its Global Oil Fat and Processed Oil Fat segment and increased cosmetic ingredient sales in Japan, while overseas sales rose t...
Nisshin OilliO lifts net income despite weaker margins and sets post-split dividend plan
May 12, 2026
The Nisshin OilliO Group reported consolidated net sales of ¥554.3 billion for the year ended March 31, 2026, up 4.4% from the previous year, while operating profit declined 11.7% to ¥17.0 billion and ordinary profit fell 11.4% to ¥...
Nisshin OilliO Completes ¥10 Billion Share Buyback and Plans Post‑Split Cancellation
Mar 27, 2026
The Nisshin OilliO Group has completed a share buyback program authorized in June 2025, acquiring a total of 1,953,500 common shares on the Tokyo Stock Exchange for approximately ¥9.999 billion, including 90,900 shares purchased between March...
Nisshin OilliO Nears Completion of ¥10 Billion Share Buyback Program
Mar 6, 2026
The Nisshin OilliO Group has reported progress on its ongoing share buyback program, acquiring 100,300 of its own common shares on the Tokyo Stock Exchange in February 2026 for a total of ¥588.38 million. This acquisition forms part of a broa...
Nisshin OilliO Announces Board Changes and Leadership Transition
Feb 27, 2026
The Nisshin OilliO Group has announced upcoming changes to its board of directors, reflecting a planned transition in senior leadership. At the Annual General Meeting of Shareholders scheduled for June 2026, Managing Officer Koyo Nonaka is set to ...
Nisshin OilliO Announces Three-for-One Share Split and Revises Dividend Framework
Feb 27, 2026
The Nisshin OilliO Group will conduct a three-for-one split of its common shares, effective April 1, 2026, to boost liquidity and broaden its investor base by lowering the per-unit investment amount. Following the split, issued shares will rise fr...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.