Nippon Primex Inc. (2795) AI Stock Analysis

• Market Cap: ¥4.90B
• Dividend Yield: 2.78%
• Average Volume (3M): 1.29K
• Price to Earnings (P/E): 14.6
• Beta (1Y): 0.15
• Revenue Growth: -6.93%
• EPS Growth: -4.27%
• Country: JP
• Employees: 103
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Machinery
• EPS (TTM): 32.18
• Shares Outstanding: 5,523,592
• 10 Day Avg. Volume: 900
• 30 Day Avg. Volume: 1,286
• PEG Ratio: -0.60
• Price to Book (P/B): 0.59
• Price to Sales (P/S): 0.66
• P/FCF Ratio: 12.36
• 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: 70 Neutral
• Price Target: ¥1,062.00 ▲(18.13% Upside)
• Action: Reiterated Date: 10/31/25
• Date: Action: Reiterated 10/31/25

Nippon Primex Inc. has a stable financial foundation with strong balance sheet metrics and efficient cash flow management. The stock's valuation is reasonable, offering a decent dividend yield. Technical indicators suggest a neutral to slightly bullish trend, though caution is advised due to overbought signals. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Strong balance sheet

Very low leverage and a robust equity ratio give the company durable financial flexibility. Minimal debt reduces bankruptcy and refinancing risk, enabling sustained capital allocation to operations, dividends and cyclical cushioning across a 2–6 month horizon and beyond.

Solid cash generation

Consistently strong operating cash conversion and a high free cash flow-to-net income ratio indicate the business generates real cash from operations. This supports reinvestment, R&D and shareholder returns and underpins resilience through near-term revenue variability.

Diversified revenue model & R&D

A diversified sales mix (direct, distributor, customized solutions) plus partnerships and R&D reduces reliance on any single end market. Structural exposure to food, pharma and logistics provides stable demand drivers and supports medium-term product innovation and client stickiness.

Negative Factors

Inconsistent revenue growth

Recent negative revenue growth and historical inconsistency undermine predictability of top-line expansion. This complicates planning for capacity, R&D and margin improvements and may limit the company's ability to scale fixed costs efficiently over the next several quarters.

Declining margins

Erosion in gross and net margins points to cost pressures or weaker pricing power versus input or competitive pressures. Persistent margin compression would reduce free cash flow and restrict reinvestment, dividends and strategic initiatives across the medium term.

Volatile free cash flow growth

While current cash conversion is strong, volatile free cash flow growth creates uncertainty for capital allocation. Fluctuating FCF complicates consistent dividend policies, buffering for downturns and funding of R&D or capex without tapping reserves or altering strategy.

Nippon Primex Inc. Business Overview & Revenue Model

Company Description

Nippon Primex Inc. manufactures and sells printers and other electronic devices in Japan and internationally. The company offers kiosk, face and panel mount, ticket, journal, portable, desktop, and POS printers. It also offers presenters, bezels, and paper holders. In addition, the company provides mechanism, control boards, auto cutter; and power supplies. Nippon Primex Inc. was incorporated in 1979 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Nippon Primex Inc. generates revenue primarily through the sale of its packaging and labeling products. The company has a diverse revenue model that includes direct sales to manufacturers and distributors, as well as providing customized solutions for specific client needs. Key revenue streams include the production of adhesive labels and packaging materials, which are sold in bulk to various industries. Additionally, Nippon Primex capitalizes on partnerships with major corporations in the manufacturing and retail sectors, allowing them to expand their market reach and increase sales volumes. Investments in research and development also enable the company to innovate and introduce new products, thereby driving further revenue growth.

Nippon Primex Inc. Financial Statement Overview

Summary

Nippon Primex Inc. demonstrates a stable financial position with strong balance sheet metrics and efficient cash flow management. However, the income statement shows areas of concern, such as declining margins and inconsistent revenue growth.

Income Statement

Nippon Primex Inc. has shown a mixed performance in its income statement. The gross profit margin has slightly declined over the years, indicating some pressure on cost management. The net profit margin has also decreased from the previous year, reflecting reduced profitability. Revenue growth has been inconsistent, with a decline in the most recent year. However, the company maintains a reasonable EBIT and EBITDA margin, suggesting operational efficiency.

Balance Sheet

The balance sheet of Nippon Primex Inc. is strong, with a very low debt-to-equity ratio, indicating minimal leverage and financial risk. The return on equity has decreased slightly, but remains healthy, showing effective use of shareholder funds. The equity ratio is robust, highlighting a solid capital structure with a significant proportion of assets financed by equity.

Cash Flow

Cash flow analysis reveals a stable operating cash flow to net income ratio, indicating good cash generation relative to earnings. The free cash flow to net income ratio is high, suggesting efficient cash management. However, the free cash flow growth rate has been volatile, with significant fluctuations over the years, which could pose a risk to cash flow stability.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	6.97B	7.09B	6.94B	6.17B	5.88B	5.19B
Gross Profit	1.77B	1.82B	1.80B	1.65B	1.61B	1.41B
EBITDA	667.99M	674.43M	847.67M	695.41M	739.03M	455.14M
Net Income	268.89M	408.82M	504.38M	396.62M	416.53M	239.09M
Balance Sheet
Total Assets	10.38B	10.37B	10.12B	9.18B	8.70B	8.14B
Cash, Cash Equivalents and Short-Term Investments	5.21B	5.17B	5.08B	4.65B	4.42B	4.30B
Total Debt	66.51M	124.26M	44.07M	55.82M	65.38M	58.87M
Total Liabilities	2.61B	2.48B	2.60B	2.31B	2.21B	1.93B
Stockholders Equity	7.77B	7.89B	7.52B	6.87B	6.49B	6.20B
Cash Flow
Free Cash Flow	0.00	376.35M	375.91M	289.99M	214.16M	280.01M
Operating Cash Flow	0.00	402.69M	546.51M	307.74M	256.37M	293.60M
Investing Cash Flow	0.00	-225.28M	39.11M	-1.66B	298.38M	505.40M
Financing Cash Flow	0.00	-164.04M	-133.58M	-136.91M	-142.51M	-146.19M

Nippon Primex Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 899.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2795, the sentiment is Positive. The current price of 899 is below the 20-day moving average (MA) of 927.40, below the 50-day MA of 914.50, and above the 200-day MA of 893.26, indicating a bullish trend. The MACD of 9.74 indicates Negative momentum. The RSI at 51.47 is Neutral, neither overbought nor oversold. The STOCH value of 63.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2795.

Nippon Primex Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6360	79 Outperform	¥5.60B	11.51	―	6.61%	-30.65%	-46.85%
2795	70 Neutral	¥4.90B	14.59	―	2.78%	-6.93%	-4.27%
6334	68 Neutral	¥4.56B	26.52	―	1.22%	12.31%	138.05%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
6292	61 Neutral	¥5.78B	17.49	―	5.22%	-8.98%	4.00%
6408	61 Neutral	¥5.91B	3.90	―	1.37%	-3.05%	―
6155	58 Neutral	¥5.16B	-34.47	―	2.10%	-0.59%	89.24%

Nippon Primex Inc. Corporate Events

Nippon Primex Q3 Results Show Profit Decline Amid Strong Balance Sheet

Nippon Primex Inc., listed on the Tokyo Standard market, reported consolidated financial figures for the third quarter of the fiscal year ending March 2026, showing a modest increase in total assets and net assets, with the capital adequacy ratio edging up to 76.4% and net assets per share rising to ¥1,588.38. However, the company’s operating performance weakened year on year for the quarter ended December 2025, as net sales fell 5.5% to ¥5,135 million and operating profit dropped 26.7%, while ordinary profit and profit attributable to owners of parent also declined, even as comprehensive income grew 8.2%, indicating pressure on core earnings despite a still-solid financial base.

The most recent analyst rating on (JP:2795) stock is a Hold with a Yen964.00 price target. To see the full list of analyst forecasts on Nippon Primex Inc. stock, see the JP:2795 Stock Forecast page.