NGK SPARK PLUG CO LTD (JP:5334)
:5334
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NGK SPARK PLUG CO
(5334)
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Rating:73Outperform
Price Target:
¥8,878.00
▲(5.70% Upside)
Action:ReiteratedDate:05/02/26
The score is primarily driven by strong financial performance over multiple years (revenue and margin expansion) tempered by softer 2026 cash flow and higher debt. Technicals are constructive longer-term but show near-term weakness versus the 20-day average, while valuation and the dividend look supportive.
Positive Factors
Sustained Revenue Growth
Consistent multi-year revenue growth (high-single to mid-teens annually, accelerating in 2026) indicates durable demand across OEM and aftermarket channels. This trend supports scale, stronger supplier/customer relationships and provides a stable base for reinvestment and product development over the medium term.
Negative Factors
Weakened Cash Flow Momentum
A decline in operating cash flow and negative free cash flow growth in 2026 weakens financial resilience. With FCF roughly two-thirds to three-quarters of net income, earnings are partly tied up in working capital or capex. Continued softness could constrain capital allocation, dividends or debt reduction.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Consistent multi-year revenue growth (high-single to mid-teens annually, accelerating in 2026) indicates durable demand across OEM and aftermarket channels. This trend supports scale, stronger supplier/customer relationships and provides a stable base for reinvestment and product development over the medium term.
Read all positive factors
NGK SPARK PLUG CO (5334) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.58T
Dividend Yield2.65%
Average Volume (3M)675.72K
Price to Earnings (P/E)12.1
Beta (1Y)1.11
Revenue Growth11.98%
EPS Growth22.34%
CountryJP
Employees15,980
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)570.44
Shares Outstanding199,247,730
10 Day Avg. Volume617,410
30 Day Avg. Volume675,723
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)1.86
Price to Sales (P/S)1.96
P/FCF Ratio19.69
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)561.73
Revenue Forecast (FY)¥750.94B
NGK SPARK PLUG CO Business Overview & Revenue Model
Company Description
NGK Spark Plug Co., Ltd., together with its subsidiaries, manufactures and sells spark plugs and related products for internal-combustion engines; and technical ceramics and applicable products in Japan. The company offers spark plugs, including p...
How the Company Makes Money
NGK Spark Plug Co. primarily makes money by manufacturing and selling ignition and related engine components (notably spark plugs) to two main customer channels: (1) OEM supply, where products are delivered directly to automakers and engine manufa...
NGK SPARK PLUG CO Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
80
Positive
Cash Flow
67
Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 731.21B | 652.99B | 614.49B | 562.56B | 491.73B |
| Gross Profit | 280.87B | 249.13B | 217.04B | 190.61B | 150.02B |
| EBITDA | 185.45B | 169.85B | 147.13B | 133.61B | 101.02B |
| Net Income | 112.89B | 92.63B | 82.64B | 66.29B | 60.20B |
Balance Sheet | |||||
| Total Assets | 1.22T | 990.97B | 975.72B | 903.10B | 823.18B |
| Cash, Cash Equivalents and Short-Term Investments | 187.75B | 208.19B | 180.68B | 201.63B | 172.59B |
| Total Debt | 242.46B | 167.99B | 190.84B | 198.22B | 165.27B |
| Total Liabilities | 449.84B | 316.24B | 337.42B | 339.36B | 305.19B |
| Stockholders Equity | 767.42B | 674.57B | 637.68B | 563.67B | 514.32B |
Cash Flow | |||||
| Free Cash Flow | 72.63B | 102.83B | 85.84B | 48.68B | 47.52B |
| Operating Cash Flow | 109.38B | 132.92B | 118.18B | 69.31B | 71.91B |
| Investing Cash Flow | -165.53B | -34.25B | -91.36B | -37.38B | 11.75B |
| Financing Cash Flow | 28.62B | -71.00B | -58.24B | -1.77B | -55.34B |
NGK SPARK PLUG CO Technical Analysis
Positive
8399.00
Price Trends
7495.77
Positive
7103.28
Positive
6267.79
Positive
Market Momentum
254.38
Negative
64.43
Neutral
69.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5334, the sentiment is Positive. The current price of 8399 is above the 20-day moving average (MA) of 7749.78, above the 50-day MA of 7495.77, and above the 200-day MA of 6267.79, indicating a bullish trend. The MACD of 254.38 indicates Negative momentum. The RSI at 64.43 is Neutral, neither overbought nor oversold. The STOCH value of 69.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5334.
NGK SPARK PLUG CO Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥295.11B | 8.56 | 6.37% | 2.88% | 4.27% | 24.02% | |
74 Outperform | ¥531.09B | 6.74 | 8.58% | 2.62% | 8.21% | 72.79% | |
73 Outperform | ¥1.58T | 12.10 | 13.69% | 2.65% | 11.98% | 22.34% | |
72 Outperform | ¥7.72T | 15.56 | 8.97% | 1.38% | 6.56% | 38.17% | |
68 Neutral | ¥5.22T | 7.75 | 6.98% | 2.98% | 5.28% | 12.66% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ¥1.79T | 6.16 | 8.34% | 2.03% | 4.53% | 65.12% |
* Consumer Cyclical Sector Average
JP:5334
NGK SPARK PLUG CO
7,962.00
3,238.85
68.57%
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NGK SPARK PLUG CO Corporate Events
Niterra Reports Progress on Ongoing Share Repurchase Program
May 1, 2026
Niterra Co., Ltd. reported on the progress of its share repurchase program authorized under its Articles of Incorporation, detailing that it bought back 580,200 common shares for approximately 4.67 billion yen between April 1 and April 30, 2026. T...
Niterra Lifts Earnings and Dividends, Targets Further Growth in FY2027
Apr 30, 2026
Niterra reported strong consolidated results for the fiscal year ended March 31, 2026, with total revenue rising to ¥731.2 billion, driven by growth across automotive components and a sharp increase in component solutions. Operating profit in...
Niterra Reports Progress on Ongoing Share Buyback Program
Apr 1, 2026
Niterra Co., Ltd. reported the progress of its ongoing share repurchase program, stating that it bought back 103,600 common shares for a total of 777,218,500 yen between March 1 and March 31, 2026. This transaction is part of a broader board-appro...
Niterra Lifts FY2026 Earnings Outlook and Hikes Dividend Forecast
Mar 23, 2026
Niterra Co., Ltd. has raised its full-year consolidated forecasts for the fiscal year ending March 31, 2026, projecting revenue of ¥724 billion and profit attributable to owners of the parent of ¥116 billion, driven by a weaker yen and r...
Niterra Details Progress of Ongoing ¥30 Billion Share Buyback Program
Mar 2, 2026
Niterra Co., Ltd. reported the status of its ongoing share buyback program, detailing that it repurchased 174,300 common shares for a total of about 1.22 billion yen between February 1 and February 28, 2026. This activity forms part of a broader b...
Niterra Reshapes Top Management, Naming Keiji Suzuki President
Feb 24, 2026
Niterra Co., Ltd. has announced a leadership reshuffle, appointing current board member and executive officer Keiji Suzuki as Representative Director and President, effective April 1, 2026, while incumbent president Takeshi Kawai will become Repre...
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.