Nihon Yamamura Glass Co., Ltd. (5210) AI Stock Analysis

• Market Cap: ¥30.69B
• Dividend Yield: 6.14%
• Average Volume (3M): 50.84K
• Price to Earnings (P/E): 6.6
• Beta (1Y): 0.74
• Revenue Growth: -2.08%
• EPS Growth: -28.12%
• Country: JP
• Employees: 1,855
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Packaging & Containers
• EPS (TTM): 115.04
• Shares Outstanding: 11,145,249
• 10 Day Avg. Volume: 62,890
• 30 Day Avg. Volume: 50,843
• PEG Ratio: -0.10
• Price to Book (P/B): 0.40
• Price to Sales (P/S): 0.30
• P/FCF Ratio: 23.43
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 72 Outperform
• Price Target: ¥3,334.00 ▲(10.03% Upside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is driven primarily by improving financial stability and profitability (strong equity position and recovering ROE), supported by positive technical trend and momentum. Attractive valuation (low P/E and high dividend yield) further boosts the score, while the key offset is weaker free cash flow generation versus last year.

Positive Factors

Balance Sheet Strength

A high equity ratio and low leverage provide durable financial stability, giving the company flexibility to fund operations, withstand demand shocks, and pursue selective capex or R&D without stressing solvency. This enhances long-term resilience and strategic optionality.

Recovering Return on Equity

ROE recovery signals the business is converting capital into profits more effectively after prior weakness. Sustained improvement indicates operational fixes or better pricing/volume mix, supporting future reinvestment capacity and gradually restoring shareholder capital efficiency.

Strong Operating Cash Conversion

Robust operating cash flow and a high conversion ratio point to durable cash generation from core operations, enabling working capital funding and recurring investments without immediate external financing. This underpins medium-term financial flexibility despite FCF variance.

Negative Factors

Declining Free Cash Flow

A sharp FCF drop reduces internal funding for dividends, debt reduction, or growth projects. If lower FCF persists it may force trade-offs between maintenance capex and strategic investments or increase reliance on external financing, weakening long-term capital allocation.

Thin Operating Margins

Modest operating and EBITDA margins leave limited buffer to absorb input cost inflation or pricing pressure. Persistent low margins constrain reinvestment and return generation, making profitability sensitive to small adverse shifts in costs or sales mix over the medium term.

Modest Revenue Growth

Near-flat top-line growth suggests limited market expansion or pricing power in the core packaging business. Slow revenue momentum impedes scale economies and prolongs the time needed to convert margin improvements into meaningful cash flow and earnings growth.

Nihon Yamamura Glass Co., Ltd. Business Overview & Revenue Model

Company Description

Nihon Yamamura Glass Co., Ltd. produces and sells glass bottles and plastic closures in Japan and internationally. It is also involved in production and sale of powdered glass and glass paste; and designing, manufacturing, sale, and installation work of machines and plant facilities. The company was founded in 1914 and is headquartered in Amagasaki, Japan.

How the Company Makes Money

null

Nihon Yamamura Glass Co., Ltd. Financial Statement Overview

Summary

Financials show a steady recovery: modest 2025 revenue growth (+0.23%) after a stronger 2024, improving net margin (3.79%) and ROE (5.06%), and a solid balance sheet (57.74% equity ratio, 0.44 debt-to-equity). The main constraint is cash generation quality, with free cash flow dropping to JPY 0.94B from JPY 3.19B.

Income Statement

The income statement exhibits a stable revenue growth trend with a 0.23% increase from 2024 to 2025, following a significant 6.94% increase from 2023 to 2024. The gross profit margin is healthy at 19.02% in 2025, although it declined from 20.86% in 2024. The company's net profit margin showed resilience, improving from a challenging period with a 3.79% margin in 2025. EBIT and EBITDA margins are moderate at 4.04% and 8.78%, respectively, indicating operational efficiency but room for improvement in profitability.

Balance Sheet

The balance sheet reflects a strong equity position with an equity ratio of 57.74% in 2025, indicating financial stability. The debt-to-equity ratio is relatively low at 0.44, suggesting manageable leverage. Return on equity improved to 5.06% in 2025, recovering from negative figures in previous years, pointing to increased profitability of shareholder equity. The overall financial health appears solid, with a positive trajectory in equity growth.

Cash Flow

The cash flow statement shows moderate improvement in cash generation, with operating cash flow increasing to JPY 6.65 billion in 2025. Free cash flow, however, declined significantly to JPY 0.94 billion from JPY 3.19 billion in 2024, highlighting potential cash management challenges. The operating cash flow to net income ratio is strong at 2.40, indicating effective cash conversion from earnings. Overall, cash flow management requires careful attention, especially in capital expenditures.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	72.65B	73.04B	72.87B	68.14B	64.29B	57.14B
Gross Profit	14.23B	14.16B	15.20B	10.26B	11.07B	7.63B
EBITDA	6.61B	6.42B	18.14B	320.00M	-4.03B	-571.00M
Net Income	3.04B	2.77B	12.26B	-3.01B	-9.65B	-5.31B
Balance Sheet
Total Assets	95.14B	94.85B	94.14B	87.60B	97.37B	98.49B
Cash, Cash Equivalents and Short-Term Investments	10.12B	10.79B	10.99B	7.65B	11.13B	10.13B
Total Debt	24.13B	24.66B	23.89B	33.54B	35.56B	35.55B
Total Liabilities	41.43B	40.47B	42.55B	50.11B	57.15B	49.91B
Stockholders Equity	54.11B	54.78B	51.43B	37.35B	39.91B	48.22B
Cash Flow
Free Cash Flow	0.00	939.00M	3.19B	-145.00M	3.76B	-789.00M
Operating Cash Flow	0.00	6.65B	5.66B	1.62B	5.58B	4.82B
Investing Cash Flow	0.00	-5.57B	7.72B	-2.93B	-1.49B	-5.11B
Financing Cash Flow	0.00	-1.47B	-10.12B	-2.21B	-3.38B	-2.55B

Nihon Yamamura Glass Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3030.00
• 50DMA: Negative
• 100DMA: Negative
• 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:5210, the sentiment is Negative. The current price of 3030 is below the 20-day moving average (MA) of 3262.50, below the 50-day MA of 3219.30, and above the 200-day MA of 2817.80, indicating a neutral trend. The MACD of -53.54 indicates Positive momentum. The RSI at 41.95 is Neutral, neither overbought nor oversold. The STOCH value of 36.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5210.

Nihon Yamamura Glass Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5901	79 Outperform	¥496.44B	10.13	6.90%	2.71%	-0.06%	137.47%
7917	77 Outperform	¥100.64B	7.99	7.53%	3.01%	5.44%	45.99%
3950	76 Outperform	¥78.14B	12.05	―	6.64%	2.85%	-9.13%
5210	72 Outperform	¥30.69B	6.58	―	6.14%	-2.08%	-28.12%
7864	70 Outperform	¥145.80B	4.25	10.46%	2.35%	4.56%	49.23%
5204	66 Neutral	¥14.11B	4.06	―	1.95%	1.92%	-30.29%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%