Nittobest Corporation (2877) AI Stock Analysis

• Market Cap: ¥8.92B
• Dividend Yield: 1.62%
• Average Volume (3M): 3.25K
• Price to Earnings (P/E): 21.3
• Beta (1Y): 0.14
• Revenue Growth: 3.62%
• EPS Growth: 34.09%
• Country: JP
• Employees: 1,844
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Packaged Foods
• EPS (TTM): 2.06
• Shares Outstanding: 12,102,660
• 10 Day Avg. Volume: 3,560
• 30 Day Avg. Volume: 3,253
• PEG Ratio: -3.74
• Price to Book (P/B): 0.57
• Price to Sales (P/S): 0.16
• P/FCF Ratio: -6.33
• 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: ¥770.00
• Price Target Upside: 4.48% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 59 Neutral
• Price Target: ¥770.00 ▲(4.48% Upside)

Nittobest Corporation's overall stock score is primarily impacted by its financial performance challenges, particularly in profitability and cash flow management. Technical indicators suggest bearish momentum, while valuation metrics indicate moderate pricing. The lack of earnings call and corporate events data limits further insights.

Nittobest Corporation Business Overview & Revenue Model

Company Description

Nittobest Corporation (2877) is a leading manufacturer specializing in the production of high-performance industrial tapes and adhesive products. Operating primarily in the materials sector, the company focuses on providing innovative solutions for various applications, including automotive, electronics, and construction. Nittobest offers a diverse range of products such as adhesive tapes, protective films, and specialty materials designed to meet the evolving needs of its global customer base.

How the Company Makes Money

Nittobest Corporation generates revenue through the sale of its industrial tapes and adhesive products to a wide array of industries. The company operates on a business-to-business (B2B) model, supplying directly to manufacturers and distributors. Key revenue streams include the sale of standard products, customized solutions tailored to specific client needs, and ongoing contracts with large enterprises that require consistent supply. Additionally, Nittobest benefits from strategic partnerships with major players in the automotive and electronics sectors, which provide stable demand for its products. The company's commitment to research and development allows it to innovate and introduce new products, further enhancing its market position and contributing to its earnings.

Nittobest Corporation Financial Statement Overview

Summary

Nittobest Corporation shows stable revenue growth and a sound balance sheet, but faces challenges in profitability and cash flow management. The low net profit margins and negative free cash flow are significant concerns.

Income Statement

Nittobest Corporation has shown consistent revenue growth over the years, with a notable increase of 2.93% from 2024 to 2025. Gross profit margins remain stable at around 16.5%, indicating efficient cost management. However, net profit margins decreased to 0.69% in 2025, reflecting pressure on profitability. The company's EBIT and EBITDA margins are relatively low, suggesting limited operational efficiency.

Balance Sheet

The company's debt-to-equity ratio has improved slightly, standing at 0.68 in 2025, reflecting a moderate leverage level. The return on equity (ROE) decreased to 2.39%, indicating less effective use of equity capital in generating profits. The equity ratio of 40.3% suggests a stable capital structure with a healthy proportion of equity in the asset base.

Cash Flow

Nittobest Corporation's free cash flow has significantly declined, turning negative in 2025, which poses a risk to liquidity and future investments. The operating cash flow to net income ratio is low, indicating challenges in converting income into cash. The negative free cash flow to net income ratio highlights potential cash flow management issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	56.43B	55.86B	54.27B	51.88B	49.75B	48.90B
Gross Profit	9.29B	9.23B	9.08B	8.82B	9.07B	9.78B
EBITDA	2.36B	2.44B	2.55B	2.29B	2.65B	2.65B
Net Income	417.43M	384.74M	411.64M	243.09M	607.55M	700.58M
Balance Sheet
Total Assets	40.78B	39.89B	42.61B	40.32B	38.58B	37.70B
Cash, Cash Equivalents and Short-Term Investments	4.29B	3.50B	5.71B	3.68B	3.46B	2.95B
Total Debt	8.13B	10.90B	11.29B	11.49B	10.58B	10.86B
Total Liabilities	24.39B	23.30B	26.42B	24.83B	23.35B	22.98B
Stockholders Equity	15.89B	16.07B	15.76B	15.11B	14.90B	14.41B
Cash Flow
Free Cash Flow	0.00	-1.45B	2.47B	-683.94M	1.19B	1.91B
Operating Cash Flow	0.00	48.42M	3.60B	1.18B	1.89B	3.18B
Investing Cash Flow	0.00	-1.55B	-1.05B	-1.50B	-766.64M	-1.35B
Financing Cash Flow	0.00	-692.74M	-516.47M	529.86M	-653.18M	-1.26B

Nittobest Corporation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 737.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2877, the sentiment is Negative. The current price of 737 is below the 20-day moving average (MA) of 740.55, below the 50-day MA of 744.46, and below the 200-day MA of 747.40, indicating a bearish trend. The MACD of -2.27 indicates Negative momentum. The RSI at 44.20 is Neutral, neither overbought nor oversold. The STOCH value of 74.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2877.

Nittobest Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2907	74 Outperform	¥9.76B	9.59	―	2.34%	0.75%	-40.51%
2813	71 Outperform	¥8.44B	7.19	―	3.13%	3.41%	-7.39%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2877	59 Neutral	¥8.92B	21.32	―	1.62%	3.62%	34.09%
2876	51 Neutral	¥3.94B	8.31	―	3.46%	-13.61%	-218.40%
2293	49 Neutral	¥5.37B	―	―	0.79%	-1.29%	-1001.13%
2291	38 Underperform	¥2.76B	―	―	―	-2.18%	-1105.39%