Nitto Boseki Co Ltd (JP:3110)
:3110
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Nitto Boseki Co
(3110)
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Rating:69Neutral
Price Target:
¥24,889.00
▼(-9.53% Downside)
Action:Downgraded
Date:05/14/26
The score is driven primarily by improving profitability and a strengthening balance sheet, offset by weak and volatile cash-flow conversion (including negative 2026 free cash flow). Technicals are supportive on a medium/long-term basis but show some near-term softness, while valuation is reasonable with limited support from the low dividend yield.
Positive Factors
Improved Profitability & Margins
Sustained margin improvement indicates better pricing power or higher-value product mix and improved operating leverage. Higher margins bolster earnings durability, provide buffer versus raw material swings, and support reinvestment or deleveraging over the coming quarters.
Negative Factors
Weak & Volatile Cash Conversion
Inconsistent conversion of profits into cash limits internal funding for capex, dividends, or buybacks and can force reliance on external financing. Negative FCF episodes reduce resilience to shocks and make sustained investment or payout policies harder to maintain.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability & Margins
Sustained margin improvement indicates better pricing power or higher-value product mix and improved operating leverage. Higher margins bolster earnings durability, provide buffer versus raw material swings, and support reinvestment or deleveraging over the coming quarters.
Read all positive factors
Nitto Boseki Co (3110) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥767.85B
Dividend Yield0.99%
Average Volume (3M)918.15K
Price to Earnings (P/E)16.3
Beta (1Y)1.60
Revenue Growth8.43%
EPS Growth225.40%
CountryJP
Employees2,690
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)349.75
Shares Outstanding37,723,010
10 Day Avg. Volume726,840
30 Day Avg. Volume918,150
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)3.93
Price to Sales (P/S)5.77
P/FCF Ratio-211.75
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)589.76
Revenue Forecast (FY)¥139.89B
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 industrial materials, with a major revenue driver being glass fiber–related products supplied to downstream manufacturers. Revenue is generated through product sales (typically busine...
Nitto Boseki Co Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
78
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 111.15B | 118.23B | 109.03B | 93.25B | 87.53B | 84.05B |
| Gross Profit | 41.55B | 47.58B | 40.38B | 30.61B | 27.21B | 28.23B |
| EBITDA | 25.41B | 30.12B | 26.02B | 16.66B | 13.12B | 15.98B |
| Net Income | 12.73B | 41.77B | 12.84B | 7.30B | 2.77B | 6.52B |
Balance Sheet | ||||||
| Total Assets | 220.99B | 283.04B | 223.10B | 212.11B | 185.59B | 187.29B |
| Cash, Cash Equivalents and Short-Term Investments | 26.76B | 62.01B | 28.55B | 23.66B | 21.59B | 18.54B |
| Total Debt | 52.66B | 50.68B | 52.75B | 53.14B | 46.06B | 46.21B |
| Total Liabilities | 87.30B | 102.65B | 87.27B | 88.40B | 76.63B | 76.65B |
| Stockholders Equity | 127.97B | 173.60B | 129.73B | 118.19B | 103.79B | 105.82B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -3.22B | 5.98B | -1.89B | 470.00M | -10.36B |
| Operating Cash Flow | 0.00 | 17.30B | 19.12B | 5.06B | 7.64B | 6.96B |
| Investing Cash Flow | 0.00 | 22.79B | -11.42B | -7.90B | 1.98B | -17.30B |
| Financing Cash Flow | 0.00 | -7.20B | -3.28B | 4.30B | -7.25B | -1.53B |
Nitto Boseki Co Technical Analysis
Neutral
27510.00
Price Trends
24262.89
Negative
20082.23
Positive
14176.11
Positive
Market Momentum
-99.44
Positive
37.34
Neutral
4.63
Positive
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 27510 is above the 20-day moving average (MA) of 27050.50, above the 50-day MA of 24262.89, and above the 200-day MA of 14176.11, indicating a neutral trend. The MACD of -99.44 indicates Positive momentum. The RSI at 37.34 is Neutral, neither overbought nor oversold. The STOCH value of 4.63 is Positive, 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
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥174.90B | 11.62 | 10.24% | 2.43% | 7.59% | 9.69% | |
77 Outperform | ¥141.46B | 21.73 | ― | 1.79% | 7.03% | 26.11% | |
69 Neutral | ¥767.85B | 16.33 | 27.58% | 0.99% | 8.43% | 225.40% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ¥1.59T | 20.78 | 3.37% | 1.85% | 0.85% | 8.37% | |
58 Neutral | ¥12.52B | 14.23 | ― | 4.80% | 13.99% | 3.21% | |
54 Neutral | ¥108.17B | 233.67 | 2.80% | 3.38% | -4.52% | -91.68% |
* Consumer Cyclical Sector Average
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Nitto Boseki Co Corporate Events
Nittobo Hikes Medium-Term Profit Targets as AI-Driven Glass Demand Surges
May 12, 2026
Nittobo has sharply raised its FY2027 targets under its New Medium-Term Management Plan, lifting net sales from 135 billion yen to 155 billion yen and operating profit from 20 billion yen to 36 billion yen, while also increasing planned four-year ...
Nittobo Plans Higher Year-End Dividend, Lifting Annual Payout to 127 Yen
May 12, 2026
Nittobo has approved a year-end dividend of 99.50 yen per share for the fiscal year ended March 31, 2026, up from 78.50 yen a year earlier, bringing the total annual dividend to 127.00 yen including the interim payout. The proposed dividend, sourc...
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.