Nisshin OilliO Group, Ltd. (JP:2602)
:2602
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Nisshin OilliO Group, Ltd.
(2602)
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Rating:69Neutral
Price Target:
¥6,428.00
▲(21.28% Upside)
Action:ReiteratedDate:02/11/26
The score is driven by attractive valuation (low P/E and solid dividend yield) and a positive price trend above major moving averages. These positives are tempered by the biggest risk: weak cash-flow conversion and negative TTM free cash flow, which reduces confidence in near-term earnings quality and funding flexibility.
Positive Factors
Diversified revenue streams
Nisshin OilliO sells across consumer packaged goods, bulk commercial/industrial oils, and value-added specialty materials. This multi-channel model spreads demand risk, helps stabilize volumes across cycles, and supports cross-selling and margin uplift over a 2–6 month horizon and beyond.
Negative Factors
Weak cash conversion
Cash generation is a key structural weakness: operating cash flow is only a fraction of reported earnings and TTM free cash flow is deeply negative. Persistent weak cash conversion impairs the firm's ability to self-fund capex/dividends and increases reliance on external financing, reducing flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified revenue streams
Nisshin OilliO sells across consumer packaged goods, bulk commercial/industrial oils, and value-added specialty materials. This multi-channel model spreads demand risk, helps stabilize volumes across cycles, and supports cross-selling and margin uplift over a 2–6 month horizon and beyond.
Read all positive factors
Nisshin OilliO Group, Ltd. (2602) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥193.19B
Dividend Yield3.44%
Average Volume (3M)63.81K
Price to Earnings (P/E)9.9
Beta (1Y)0.50
Revenue Growth3.80%
EPS Growth63.03%
CountryJP
Employees3,078
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)44.78
Shares Outstanding101,148,770
10 Day Avg. Volume60,660
30 Day Avg. Volume63,810
Financial Highlights & Ratios
PEG Ratio-0.80
Price to Book (P/B)0.83
Price to Sales (P/S)0.29
P/FCF Ratio27.45
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 Group generates revenue through multiple key streams. The primary source of income comes from the sale of edible oils and fats, which are distributed to both retail and food service sectors. The company also earns revenue from its f...
Nisshin OilliO Group, Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
66
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 543.60B | 530.88B | 513.54B | 556.57B | 432.78B | 336.31B |
| Gross Profit | 72.52B | 74.78B | 74.32B | 65.62B | 56.99B | 58.27B |
| EBITDA | 27.20B | 29.79B | 30.17B | 25.61B | 20.58B | 20.42B |
| Net Income | 23.26B | 12.85B | 15.15B | 11.16B | 8.60B | 9.24B |
Balance Sheet | ||||||
| Total Assets | 444.72B | 388.24B | 393.38B | 374.45B | 344.51B | 292.15B |
| Cash, Cash Equivalents and Short-Term Investments | 23.02B | 17.15B | 20.43B | 13.04B | 9.98B | 11.04B |
| Total Debt | 116.99B | 98.30B | 104.62B | 111.82B | 97.83B | 59.52B |
| Total Liabilities | 227.40B | 190.15B | 200.82B | 203.03B | 180.19B | 138.89B |
| Stockholders Equity | 205.38B | 187.15B | 182.62B | 162.56B | 156.23B | 145.55B |
Cash Flow | ||||||
| Free Cash Flow | -18.07B | 5.69B | 21.95B | -6.83B | -36.77B | -7.81B |
| Operating Cash Flow | 9.63B | 21.17B | 36.72B | 398.00M | -26.63B | 6.34B |
| Investing Cash Flow | -5.62B | -9.59B | -16.08B | -5.59B | -9.33B | -14.63B |
| Financing Cash Flow | -3.33B | -13.88B | -14.59B | 5.79B | 34.47B | -5.81B |
Nisshin OilliO Group, Ltd. Technical Analysis
Positive
5300.00
Price Trends
1911.96
Positive
1818.37
Positive
1735.92
Positive
Market Momentum
9.36
Negative
57.54
Neutral
83.69
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2602, the sentiment is Positive. The current price of 5300 is above the 20-day moving average (MA) of 1907.61, above the 50-day MA of 1911.96, and above the 200-day MA of 1735.92, indicating a bullish trend. The MACD of 9.36 indicates Negative momentum. The RSI at 57.54 is Neutral, neither overbought nor oversold. The STOCH value of 83.69 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥44.80B | 10.79 | ― | 2.55% | 8.21% | 20.27% | |
72 Outperform | ¥37.29B | 6.02 | ― | 2.23% | -0.25% | -41.09% | |
69 Neutral | ¥193.19B | 9.91 | 12.56% | 3.44% | 3.80% | 63.03% | |
69 Neutral | ¥22.96B | 2.45 | ― | 2.54% | 2.80% | 154.89% | |
67 Neutral | ¥69.38B | 20.57 | ― | 3.77% | -3.91% | -25.32% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
57 Neutral | ¥316.17B | 10.01 | ― | 1.45% | 20.02% | ― |
* Consumer Defensive Sector Average
JP:2602
Nisshin OilliO Group, Ltd.
1,935.00
397.51
25.85%
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Nisshin OilliO Group, Ltd. Corporate Events
Nisshin OilliO Lifts Sales but Faces Margin Pressure in Q3 FY2025
Feb 9, 2026
Nisshin OilliO reported consolidated net sales of ¥416.97 billion for the third quarter of FY2025, a 3.1% year-on-year increase driven mainly by higher prices and volumes in its Global Oil Fat and Processed Oil Fat business, while overseas ...
Nisshin OilliO Profit Jumps on Asset Sale Despite Weaker Core Earnings
Feb 9, 2026
The Nisshin OilliO Group reported consolidated net sales of ¥416.97 billion for the nine months ended December 31, 2025, up 3.1% year on year, while operating and ordinary profit declined 20.2% and 24.3% respectively amid margin pressure. Pro...
Nisshin OilliO Nears Completion of ¥10 Billion Share Buyback Program
Feb 6, 2026
The Nisshin OilliO Group has reported progress on its ongoing share buyback program, under which it is repurchasing its own common stock in the market via the Tokyo Stock Exchange. Between January 1 and January 31, 2026, the company acquired 116,4...
Nisshin OilliO Advances Share Buyback, Acquires ¥774 Million in Treasury Stock in December
Jan 9, 2026
The Nisshin OilliO Group has reported progress on its ongoing share buyback program, acquiring 150,600 of its own common shares on the Tokyo Stock Exchange between December 1 and December 31, 2025, for a total of ¥774.7 million. This transact...
Nisshin OilliO Group Advances Treasury Share Acquisition
Dec 5, 2025
The Nisshin OilliO Group, Ltd. has announced progress in its acquisition of treasury shares, as part of a resolution made by its Board of Directors in June 2025. The company acquired 191,400 shares worth 981,943,500 yen between November 1 and Nove...
Nisshin OilliO Group Announces Treasury Share Disposal for Compensation Plan
Nov 14, 2025
The Nisshin OilliO Group, Ltd. has announced the disposal of 84,900 treasury shares as part of its ongoing stock-based compensation plan. This move aims to align the interests of the company’s directors with shareholders by linking compensat...
Nisshin OilliO Expands Stock-Based Compensation Plan
Nov 14, 2025
The Nisshin OilliO Group, Ltd. has announced an additional acquisition of shares for its stock-based compensation plan, which is designed for its directors and corporate officers. This move, approved by the Board of Directors, involves the entrust...
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.