Nippon Sanso Holdings Corporation (JP:4091)
:4091
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Nippon Sanso Holdings Corporation
(4091)
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Rating:74Outperform
Price Target:
¥6,981.00
▲(49.55% Upside)
Action:ReiteratedDate:03/17/26
The score is driven primarily by solid financial performance (strong margins and positive free cash flow with improving leverage), supported by constructive price/indicator trends (price above key moving averages and positive MACD). Valuation is reasonable on earnings but the low dividend yield and only moderate cash conversion/recent revenue growth keep the score from being higher.
Positive Factors
Strong profitability and free cash flow
Sustained mid-teens operating margins and substantial TTM free cash flow (~¥152B) indicate durable core profitability and internal funding capacity. This supports capex, maintenance of gas networks, and strategic reinvestment without sole reliance on external funding over the medium term.
Negative Factors
Large absolute debt load
A near-¥900B nominal debt burden in a capital-intensive industry constrains financial flexibility. Large fixed obligations amplify sensitivity to slower cash flow periods and limit room for aggressive share actions or rapid capex expansion without careful debt management or improved cash conversion.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and free cash flow
Sustained mid-teens operating margins and substantial TTM free cash flow (~¥152B) indicate durable core profitability and internal funding capacity. This supports capex, maintenance of gas networks, and strategic reinvestment without sole reliance on external funding over the medium term.
Read all positive factors
Nippon Sanso Holdings Corporation (4091) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.56T
Dividend Yield1.11%
Average Volume (3M)557.70K
Price to Earnings (P/E)14.1
Beta (1Y)0.74
Revenue Growth2.35%
EPS Growth0.43%
CountryJP
Employees19,533
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)N/A
Shares Outstanding433,092,830
10 Day Avg. Volume573,680
30 Day Avg. Volume557,703
Financial Highlights & Ratios
PEG Ratio-2.94
Price to Book (P/B)1.99
Price to Sales (P/S)1.49
P/FCF Ratio22.12
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)N/A
Revenue Forecast (FY)N/A
Nippon Sanso Holdings Corporation Business Overview & Revenue Model
Company Description
Nippon Sanso Holdings Corporation engages in the gas business in Japan, the United States, Europe, Asia, and Oceania. It operates through five segments: Gas Business in Japan; Gas Business in the United States; Gas Business in Europe; Gas Business...
How the Company Makes Money
Nippon Sanso Holdings makes money primarily by producing, distributing, and selling industrial and specialty gases, and by providing associated equipment and services that enable customers to use those gases reliably and safely.
Key revenue strea...
Nippon Sanso Holdings Corporation Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.33T | 1.31T | 1.26T | 1.19T | 957.17B | 818.24B |
| Gross Profit | 564.45B | 545.44B | 510.98B | 438.63B | 358.57B | 317.44B |
| EBITDA | 325.27B | 299.60B | 284.39B | 224.16B | 191.77B | 171.35B |
| Net Income | 114.44B | 98.78B | 105.90B | 73.08B | 64.10B | 55.21B |
Balance Sheet | ||||||
| Total Assets | 2.67T | 2.42T | 2.41T | 2.16T | 1.98T | 1.84T |
| Cash, Cash Equivalents and Short-Term Investments | 132.92B | 144.53B | 126.10B | 132.22B | 93.70B | 91.06B |
| Total Debt | 878.40B | 902.65B | 936.92B | 941.78B | 929.22B | 949.24B |
| Total Liabilities | 1.46T | 1.40T | 1.46T | 1.40T | 1.32T | 1.29T |
| Stockholders Equity | 1.17T | 980.45B | 914.48B | 724.31B | 628.71B | 513.16B |
Cash Flow | ||||||
| Free Cash Flow | 152.20B | 88.32B | 97.63B | 96.13B | 74.28B | 89.16B |
| Operating Cash Flow | 260.87B | 235.15B | 215.98B | 187.96B | 148.76B | 149.23B |
| Investing Cash Flow | -170.00B | -142.93B | -124.65B | -98.07B | -70.86B | -59.69B |
| Financing Cash Flow | -89.10B | -73.29B | -110.07B | -54.43B | -77.95B | -103.16B |
Nippon Sanso Holdings Corporation Technical Analysis
Positive
4668.00
Price Trends
5641.62
Positive
5212.07
Positive
5268.62
Positive
Market Momentum
50.40
Positive
55.14
Neutral
77.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4091, the sentiment is Positive. The current price of 4668 is below the 20-day moving average (MA) of 5880.60, below the 50-day MA of 5641.62, and below the 200-day MA of 5268.62, indicating a bullish trend. The MACD of 50.40 indicates Positive momentum. The RSI at 55.14 is Neutral, neither overbought nor oversold. The STOCH value of 77.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4091.
Nippon Sanso Holdings Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ¥12.94T | 18.04 | 11.19% | 2.17% | 3.77% | 0.35% | |
79 Outperform | ¥15.70B | 8.02 | ― | 3.89% | -3.00% | -29.83% | |
79 Outperform | ¥60.72B | 11.06 | ― | 2.88% | 3.42% | 13.37% | |
74 Outperform | ¥2.56T | 14.14 | ― | 1.11% | 2.35% | 0.43% | |
68 Neutral | ¥2.22T | 8.67 | 8.29% | 2.89% | 3.55% | 95.65% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ¥2.43T | 12.83 | 4.42% | 1.00% | -1.90% | -71.97% |
* Basic Materials Sector Average
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Nippon Sanso Holdings Corporation Corporate Events
Nippon Sanso Unveils “Next Innovation 2030” Growth Plan Focused on Gases, Electronics and Innovation
Mar 24, 2026
Nippon Sanso Holdings has unveiled a four-year medium-term management plan, “Next Innovation 2030 ~Evolving for the Future~,” running through the fiscal year ending March 2030. Building on its prior plan, which exceeded initial targets...
Nippon Sanso Books ¥22 Billion Dividend from Thermos Unit with No Consolidated Impact
Mar 19, 2026
Nippon Sanso Holdings will receive a ¥22 billion dividend from its consolidated subsidiary Thermos K.K., following a board resolution at the subsidiary on March 19, 2026. The dividend underscores Thermos’s contribution to the group and ...
Nippon Sanso Lifts Profits and Forecasts on Steady Industrial Gas Demand
Feb 10, 2026
Nippon Sanso Holdings reported solid results for the first three quarters of the fiscal year ending March 2026, with revenue up 2.7% year-on-year to ¥997.7 billion and core operating income rising 4.6%, while net income attributable to owners...
Nippon Sanso lifts FY2026 outlook on weaker yen and efficiency gains
Feb 4, 2026
The company lifted its fiscal 2026 revenue outlook to ¥1.33 trillion and raised profit metrics across the board, crediting currency tailwinds, disciplined price management, and productivity gains that offset inflationary pressure, while keepi...
Nippon Sanso Reaffirms Q3 FYE2026 Trajectory
Feb 4, 2026
The company confirmed Q3 fiscal 2026 consolidated results and reiterated its full-year forecast, signaling stability in both quarterly and nine-month performance metrics despite elemental market headwinds. Management highlighted business overview ...
Nippon Sanso Raises Full-Year Profit Outlook on Strong Nine-Month Results
Feb 4, 2026
Nippon Sanso Holdings reported steady growth for the first three quarters of the fiscal year ending March 31, 2026, with revenue up 2.7% year on year to ¥997.7 billion and core operating income rising 4.6% to ¥146.2 billion. Operating in...
Nippon Sanso to Book ¥15.7 Billion Dividend from European Subsidiary on Non-Consolidated Results
Jan 23, 2026
Nippon Sanso Holdings Corporation announced that it will receive a dividend of €85 million (approximately ¥15.7 billion) from its consolidated European subsidiary, Nippon Gases Euro-Holding S.L.U., based on a resolution dated January 22...
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.