Nitto Boseki Co Ltd (JP:3110)
:3110
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Nitto Boseki Co
(3110)
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Rating:81Outperform
Price Target:
¥33,449.00
▲(21.59% Upside)
Action:ReiteratedDate:04/14/26
The score is driven primarily by strong financial performance (growth and profitability with improving cash generation) and very attractive valuation (low P/E). Technicals are supportive given the strong uptrend and positive MACD, but overbought RSI/Stoch readings temper the score due to elevated near-term pullback risk.
Positive Factors
Revenue and Margin Strength
Sustained double-digit revenue growth alongside durable gross and net margins indicates the company captures value through product mix and pricing. These margins support reinvestment into higher-value grades and buffer earnings through cyclical demand, underpinning long-term profitability.
Negative Factors
Weak FCF Conversion Relative to Net Income
Although free cash flow turned positive, the company still lags in converting reported earnings into discretionary cash. Persistently weak conversion can constrain dividend increases, M&A or capex funding and force reliance on debt or equity issuance during growth phases.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Strength
Sustained double-digit revenue growth alongside durable gross and net margins indicates the company captures value through product mix and pricing. These margins support reinvestment into higher-value grades and buffer earnings through cyclical demand, underpinning long-term profitability.
Read all positive factors
Nitto Boseki Co (3110) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥964.82B
Dividend Yield0.99%
Average Volume (3M)918.15K
Price to Earnings (P/E)3.3
Beta (1Y)1.66
Revenue Growth9.49%
EPS Growth55.64%
CountryJP
Employees2,690
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)775.48
Shares Outstanding37,723,010
10 Day Avg. Volume726,840
30 Day Avg. Volume918,150
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)1.17
Price to Sales (P/S)1.39
P/FCF Ratio25.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥17,090.29Price Target Upside-37.88% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)577.21
Revenue Forecast (FY)¥138.59B
Nitto Boseki Co Business Overview & Revenue Model
Company Description
Nitto Boseki Co., Ltd. engages in the manufacture, processing, and sale of textile products and textile-related industrial goods, rock wool and building materials, glass fiber products, and specialty chemicals and medical products in Japan. The co...
How the Company Makes Money
Nitto Boseki primarily makes money by manufacturing and selling glass fiber and glass-fiber-based materials to business customers. Revenue is generated from (1) product sales of glass fiber and related materials used as reinforcement or functional...
Nitto Boseki Co Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 111.15B | 109.03B | 93.25B | 87.53B | 84.05B | 78.73B |
| Gross Profit | 41.55B | 40.38B | 30.61B | 27.21B | 28.23B | 25.66B |
| EBITDA | 25.41B | 26.02B | 16.66B | 13.12B | 15.98B | 17.80B |
| Net Income | 12.73B | 12.84B | 7.30B | 2.77B | 6.52B | 8.10B |
Balance Sheet | ||||||
| Total Assets | 220.99B | 223.10B | 212.11B | 185.59B | 187.29B | 184.65B |
| Cash, Cash Equivalents and Short-Term Investments | 26.76B | 28.55B | 23.66B | 21.59B | 18.54B | 30.32B |
| Total Debt | 52.66B | 52.75B | 53.14B | 46.06B | 46.21B | 44.16B |
| Total Liabilities | 87.30B | 87.27B | 88.40B | 76.63B | 76.65B | 80.26B |
| Stockholders Equity | 127.97B | 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
Positive
27510.00
Price Trends
22230.40
Positive
17495.72
Positive
12293.30
Positive
Market Momentum
1826.61
Negative
62.39
Neutral
62.69
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 27510 is above the 20-day moving average (MA) of 23218.20, above the 50-day MA of 22230.40, and above the 200-day MA of 12293.30, indicating a bullish trend. The MACD of 1826.61 indicates Negative momentum. The RSI at 62.39 is Neutral, neither overbought nor oversold. The STOCH value of 62.69 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥139.26B | 15.30 | ― | 1.79% | 10.76% | 54.82% | |
81 Outperform | ¥964.82B | 3.29 | 27.58% | 0.99% | 9.49% | 55.64% | |
78 Outperform | ¥174.10B | 9.78 | 10.24% | 2.43% | 6.08% | 8.55% | |
72 Outperform | ¥13.54B | 4.54 | ― | 4.80% | 4.49% | 26.84% | |
66 Neutral | ¥114.40B | 17.53 | 2.80% | 3.38% | >-0.01% | -49.83% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | ¥1.69T | 117.21 | 3.37% | 1.85% | -2.18% | 26.45% |
* Consumer Cyclical Sector Average
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Nitto Boseki Co Corporate Events
Nittobo Delivers Profit Surge and Raises Full-Year Outlook for FY2026
Feb 5, 2026
Nittobo reported solid results for the first nine months of the fiscal year ending March 31, 2026, with net sales rising 7.5% year on year to ¥87.6 billion and operating profit climbing 26.4% to ¥14.9 billion. Ordinary profit increased 1...
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.