Nitto Boseki Co (3110) AI Stock Analysis

• Market Cap: €248.31B
• Dividend Yield: 1.57%
• Average Volume (3M): 1.07M
• Price to Earnings (P/E): 19.5
• Beta (1Y): 1.32
• Revenue Growth: 12.19%
• EPS Growth: 34.21%
• Country: JP
• Employees: 2,690
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Manufacturers
• EPS (TTM): 86.46
• Shares Outstanding: 37,723,010
• 10 Day Avg. Volume: 965,530
• 30 Day Avg. Volume: 1,067,370
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: €6,566.43
• Price Target Upside: 0.10% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 72 Outperform
• Price Target: ¥6,693.00 ▲(2.03% Upside)

Nitto Boseki Co's overall stock score is driven by its strong financial performance, characterized by consistent revenue growth and improved profitability. The technical analysis suggests a mixed outlook with short-term bullish trends but potential bearish momentum. The valuation is reasonable, offering moderate income potential. The absence of earnings call and corporate events data did not impact the score.

Nitto Boseki Co Business Overview & Revenue Model

Company Description

Nitto Boseki Co., Ltd. is a Japanese company primarily engaged in the manufacturing and sale of glass fiber and other related products. Established in 1923, the company has diversified its operations across several sectors, including textiles, chemicals, and environmental solutions. Its core products include glass fiber for industrial applications, insulation materials, and environmental equipment. The company is known for its innovative approaches and commitment to quality, catering to various industries such as construction, automotive, and electronics.

How the Company Makes Money

Nitto Boseki Co. generates revenue through multiple channels, primarily driven by its glass fiber business, which serves a diverse range of industries requiring high-performance materials. The company's revenue streams include the sale of glass fiber products used in construction, automotive parts, and electronic components. Additionally, Nitto Boseki earns income from its chemical products, which include functional chemicals and environmental solutions designed to reduce environmental impact and improve energy efficiency. The company also benefits from strategic partnerships and collaborations that enhance its product offerings and market reach. By focusing on innovation and customer needs, Nitto Boseki Co. maintains a strong market position and continues to drive financial growth.

Nitto Boseki Co Financial Statement Overview

Summary

Nitto Boseki Co presents a strong financial profile with consistent revenue growth and improved profitability margins. The company's balance sheet remains solid with a healthy equity ratio, although debt levels warrant careful management. Cash flow improvements are notable, yet further enhancement of free cash flow metrics is advisable to ensure sustainability and support future growth initiatives.

Income Statement

Nitto Boseki Co has demonstrated strong revenue growth with a notable increase of 16.91% from 2024 to 2025. The company maintains healthy profitability margins with a gross profit margin of 37.04% and a net profit margin of 11.78% for 2025. The EBIT and EBITDA margins have improved significantly over the years, indicating efficient operations and cost management.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.41, which is manageable for the industry. The equity ratio of 58.14% indicates strong equity financing. Return on equity has been improving, reaching 9.90% in 2025, showing effective use of shareholders' equity. However, the relatively high debt level requires monitoring.

Cash Flow

Cash flow analysis shows a significant turnaround with free cash flow moving from negative in 2024 to positive in 2025, reflecting improved cash generation. The operating cash flow to net income ratio of 1.49 indicates robust cash generation relative to net income. However, the free cash flow to net income ratio needs improvement, indicating potential reinvestment challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	109.03B	109.03B	93.25B	87.53B	84.05B	78.73B
Gross Profit	40.38B	40.38B	30.61B	27.21B	28.23B	25.66B
EBITDA	26.35B	26.02B	16.66B	13.12B	15.98B	17.80B
Net Income	12.84B	12.84B	7.30B	2.77B	6.52B	8.10B
Balance Sheet
Total Assets	223.10B	223.10B	212.11B	185.59B	187.29B	184.65B
Cash, Cash Equivalents and Short-Term Investments	28.55B	28.55B	23.66B	21.59B	18.54B	30.32B
Total Debt	52.75B	52.75B	53.14B	46.06B	46.21B	44.16B
Total Liabilities	87.27B	87.27B	88.41B	76.64B	76.65B	80.26B
Stockholders Equity	129.73B	129.73B	118.19B	103.79B	105.82B	99.13B
Cash Flow
Free Cash Flow	0.00	5.98B	-1.89B	470.00M	-10.36B	-6.03B
Operating Cash Flow	0.00	19.12B	5.06B	7.64B	6.96B	7.82B
Investing Cash Flow	0.00	-11.42B	-7.90B	1.98B	-17.30B	-1.87B
Financing Cash Flow	0.00	-3.28B	4.30B	-7.25B	-1.53B	1.86B

Nitto Boseki Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6560.00
• 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:3110, the sentiment is Positive. The current price of 6560 is above the 20-day moving average (MA) of 6512.00, above the 50-day MA of 6282.00, and above the 200-day MA of 5384.53, indicating a bullish trend. The MACD of 308.28 indicates Negative momentum. The RSI at 53.16 is Neutral, neither overbought nor oversold. The STOCH value of 25.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3110.

Nitto Boseki Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3569	76 Outperform	163.90B	12.31	10.24%	2.24%	9.12%	7.93%
3201	74 Outperform	104.66B	12.72	7.30%	2.48%	7.01%	11.28%
3110	72 Outperform	€248.31B	19.50	10.73%	1.57%	12.19%	34.21%
3002	66 Neutral	124.67B	39.64	5.27%	3.78%	1.05%	-36.55%
3402	66 Neutral	1.53T	22.11	4.56%	1.87%	-0.11%	98.53%
3591	63 Neutral	298.88B	16.75	3.64%	1.74%	-6.76%	―
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Nitto Boseki Co Corporate Events

Nitto Boseki Co Reports Q1 Financial Results with Increased Sales but Declining Profits

Nitto Boseki Co reported its consolidated financial results for the first quarter of the fiscal year ending March 31, 2026, showing an 8.1% increase in net sales compared to the previous year. Despite the rise in sales, the company experienced a decline in ordinary profit and profit attributable to owners of the parent, indicating potential challenges in maintaining profitability amidst growing sales.

The most recent analyst rating on (JP:3110) stock is a Hold with a Yen6300.00 price target. To see the full list of analyst forecasts on Nitto Boseki Co stock, see the JP:3110 Stock Forecast page.