Nippon Carbon Co Ltd (JP:5302)
:5302
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Nippon Carbon Co
(5302)
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Rating:75Outperform
Price Target:
¥5,456.00
▲(22.88% Upside)
Action:UpgradedDate:02/18/26
Overall score is driven by attractive valuation (low P/E and strong dividend yield) and supportive technical momentum (price above key moving averages with positive MACD). Financial performance is solid on profitability and balance sheet strength, but the score is tempered by weak and volatile recent free cash flow versus earnings.
Positive Factors
Conservative balance sheet
Low leverage and steadily building equity provide durable financial flexibility across cycles. This conservatism supports capital spending for specialty product lines, cushions downturns in steel demand, and preserves the company's ability to invest or return capital without relying on volatile external funding.
Negative Factors
Volatile free cash flow
Wide swings in free cash flow and weak cash conversion reduce confidence in cash-backed earnings. This volatility constrains shareholder returns and reinvestment timing, raises dependence on working-capital management, and increases the firm's sensitivity to raw-material or timing shocks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and steadily building equity provide durable financial flexibility across cycles. This conservatism supports capital spending for specialty product lines, cushions downturns in steel demand, and preserves the company's ability to invest or return capital without relying on volatile external funding.
Read all positive factors
Nippon Carbon Co (5302) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥53.23B
Dividend Yield4.46%
Average Volume (3M)41.63K
Price to Earnings (P/E)10.1
Beta (1Y)0.70
Revenue Growth-1.14%
EPS Growth34.15%
CountryJP
Employees661
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)21.76
Shares Outstanding11,832,504
10 Day Avg. Volume35,840
30 Day Avg. Volume41,626
Financial Highlights & Ratios
PEG Ratio0.55
Price to Book (P/B)0.90
Price to Sales (P/S)1.29
P/FCF Ratio59.68
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)307.5
Revenue Forecast (FY)¥38.00B
Nippon Carbon Co Business Overview & Revenue Model
Company Description
Nippon Carbon Co., Ltd. engages in the manufacture and sale of carbon products in Japan. It offers carbon fiber products, including molded heat insulating materials for high temperature furnaces; CARBORON, a soft felt used in a range of heat insul...
How the Company Makes Money
Nippon Carbon generates revenue through the production and sale of a diverse range of carbon-based products. Key revenue streams include the sale of carbon fibers used in high-performance applications, graphite products utilized in batteries and o...
Nippon Carbon Co Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.46B | 37.73B | 37.96B | 37.87B | 35.80B | 31.58B |
| Gross Profit | 10.69B | 10.26B | 11.48B | 11.85B | 9.85B | 8.04B |
| EBITDA | 9.79B | 8.34B | 9.94B | 9.69B | 7.13B | 6.88B |
| Net Income | 4.08B | 4.83B | 4.08B | 4.05B | 3.19B | 2.73B |
Balance Sheet | ||||||
| Total Assets | 84.91B | 85.61B | 82.35B | 78.47B | 74.18B | 72.69B |
| Cash, Cash Equivalents and Short-Term Investments | 12.29B | 15.18B | 12.30B | 14.53B | 18.32B | 17.86B |
| Total Debt | 9.62B | 10.33B | 9.21B | 8.85B | 9.09B | 10.57B |
| Total Liabilities | 22.35B | 22.00B | 21.52B | 20.78B | 20.97B | 20.43B |
| Stockholders Equity | 53.56B | 54.39B | 52.02B | 49.45B | 45.56B | 44.99B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 818.00M | 567.00M | 78.00M | 3.96B | 5.91B |
| Operating Cash Flow | 0.00 | 6.32B | 5.23B | 3.19B | 5.80B | 7.55B |
| Investing Cash Flow | 0.00 | -2.20B | -5.55B | -4.43B | -1.60B | -608.00M |
| Financing Cash Flow | 0.00 | -1.26B | -1.99B | -2.61B | -3.78B | -3.76B |
Nippon Carbon Co Technical Analysis
Positive
4440.00
Price Trends
4727.10
Positive
4568.36
Positive
4338.67
Positive
Market Momentum
13.78
Negative
57.94
Neutral
93.42
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5302, the sentiment is Positive. The current price of 4440 is below the 20-day moving average (MA) of 4637.25, below the 50-day MA of 4727.10, and above the 200-day MA of 4338.67, indicating a bullish trend. The MACD of 13.78 indicates Negative momentum. The RSI at 57.94 is Neutral, neither overbought nor oversold. The STOCH value of 93.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5302.
Nippon Carbon Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥26.19B | 6.46 | ― | 3.21% | 9.61% | 173.72% | |
75 Outperform | ¥53.23B | 10.10 | 9.07% | 4.46% | -1.14% | 34.15% | |
73 Outperform | ¥60.42B | 8.68 | ― | 4.32% | -31.99% | -44.75% | |
67 Neutral | ¥67.31B | 10.30 | ― | 2.22% | 5.17% | 79.36% | |
66 Neutral | ¥40.70B | 35.78 | ― | 3.24% | 1.83% | -8.54% | |
63 Neutral | ¥214.69B | 10.31 | 6.95% | 3.06% | -7.36% | -574.56% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
JP:5302
Nippon Carbon Co
4,820.00
1,035.56
27.36%
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1,695.00
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766.74
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Nippon Carbide Industries Company,Incorporated
2,782.00
1,213.74
77.39%
JP:5304
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2,930.00
1,115.60
61.49%
Nippon Carbon Co Corporate Events
Nippon Carbon to Renew Takeover Defense Policy as It Strengthens Governance
Feb 10, 2026
Nippon Carbon has decided to renew its takeover response policy governing large-scale purchases of its shares that may be deemed contrary to the enhancement of corporate value and the common interests of shareholders. The current plan, approved at...
Nippon Carbon Launches ¥2.5 Billion Share Buyback to Boost Capital Efficiency
Feb 10, 2026
Nippon Carbon has approved a new share buyback program, authorizing the acquisition of up to 625,000 common shares, or about 5.7% of its outstanding stock excluding treasury shares, with a total purchase ceiling of ¥2.5 billion. The buyback, ...
Nippon Carbon Maintains Dividend as Profit Outlook Weakens for 2026
Feb 10, 2026
Nippon Carbon reported flat fiscal 2025 net sales of ¥37.7 billion, but operating and ordinary profit fell about 24% year on year as margins contracted, even while profit attributable to owners of parent rose 18.4% to ¥4.83 billion and R...
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.