Nitto Boseki Co (3110) AI Stock Analysis

• Market Cap: €227.19B
• Dividend Yield: 1.67%
• Average Volume (3M): 622.74K
• Price to Earnings (P/E): 17.7
• Beta (1Y): 1.24
• Revenue Growth: 16.92%
• EPS Growth: 75.95%
• Country: JP
• Employees: 2,690
• Sector: Basic Materials
• Sector Strength: 67
• Industry: Apparel - Manufacturers
• EPS (TTM): N/A
• Shares Outstanding: 37,723,010
• 10 Day Avg. Volume: 487,330
• 30 Day Avg. Volume: 622,743
• PEG Ratio: 1.47
• Price to Book (P/B): 1.90
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: €6,080.00
• Price Target Upside: -9.25% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 73 Outperform
• Price Target: ¥7,560.00 ▲(12.84%Upside)

Nitto Boseki Co's overall stock score is driven primarily by its strong financial performance, characterized by robust revenue growth and improved profitability. The technical analysis suggests bullish momentum, though caution is warranted due to overbought signals. The valuation is balanced, providing moderate growth and income potential.

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 company offers a range of apparel and other products, including interlinings for women's apparel, stretch fabrics, and functional textiles. It also provides glass fiber products for use in automobiles; composites for smartphone casings; high performance electronic substrates; resin-coated film materials; and house insulation materials. In addition, the company develops reagents for in vitro diagnostics in the biochemistry, hematology, and immunology fields; develops specialty chemicals, such as functional polymers for various applications; and produces and sells PET bottles and soft drinks. Further, it engages in the planning, supervision, and contracting for construction; and design, manufacture, and sale of machinery and equipment. The company was formerly known as Fukusima Seiren Seishi K.K. and changed its name to Nitto Boseki Co., Ltd. in April 1923. Nitto Boseki Co., Ltd. was founded in 1918 and is headquartered in Tokyo, Japan.

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 demonstrates strong financial performance with significant revenue growth and improved profitability margins. The balance sheet is solid with a healthy equity ratio, though debt levels need careful monitoring. Cash flow has improved notably, but further enhancement is needed in free cash flow metrics.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	109.03B	93.25B	87.53B	84.05B	78.73B
Gross Profit	40.38B	30.61B	27.21B	28.23B	25.66B
EBITDA	26.02B	16.66B	13.12B	15.98B	17.80B
Net Income	12.84B	7.30B	2.77B	6.52B	8.10B
Balance Sheet
Total Assets	223.10B	212.11B	185.59B	187.29B	184.65B
Cash, Cash Equivalents and Short-Term Investments	28.55B	23.66B	21.59B	18.54B	30.32B
Total Debt	52.75B	53.14B	46.06B	46.21B	44.16B
Total Liabilities	87.27B	88.41B	76.64B	76.65B	80.26B
Stockholders Equity	129.73B	118.19B	103.79B	105.82B	99.13B
Cash Flow
Free Cash Flow	5.98B	-1.89B	470.00M	-10.36B	-6.03B
Operating Cash Flow	19.12B	5.06B	7.64B	6.96B	7.82B
Investing Cash Flow	-11.42B	-7.90B	1.98B	-17.30B	-1.87B
Financing Cash Flow	-3.28B	4.30B	-7.25B	-1.53B	1.86B

Nitto Boseki Co Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 6700.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 Neutral. The current price of 6700 is above the 20-day moving average (MA) of 6384.50, above the 50-day MA of 5595.70, and above the 200-day MA of 5420.65, indicating a neutral trend. The MACD of 238.38 indicates Positive momentum. The RSI at 55.76 is Neutral, neither overbought nor oversold. The STOCH value of 31.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3110.

Nitto Boseki Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3110	73 Outperform	€227.19B	17.70	10.29%	1.67%	16.92%	75.95%
Sector *	44 Neutral	C$976.69M	-6.88	-14.61%	2.56%	17.52%	-32.77%
GUN	―	€719.01M	18.81	5.24%	2.23%	―	―
SERNF	―	$890.09M	11.14	10.24%	0.07%	―	―
TRYIF	―	$10.81B	21.15	4.47%	1.79%	―	―
WACLF	―	$1.91B	43.32	3.45%	2.21%	―	―
3201	75 Outperform	¥88.04B	10.83		2.94%	7.01%	11.28%

Nitto Boseki Co Corporate Events

Nittobo Announces Increased Year-End Dividend

Nittobo has announced a significant increase in its year-end dividend to 78.50 yen per share, up from the previous year’s 32.50 yen, reflecting its strong financial performance and commitment to shareholder returns. This decision aligns with the company’s Medium-Term Management Plan, which targets a minimum dividend of 55 yen per share and a payout ratio of 30% of steady earnings, indicating a positive outlook for stakeholders.