NGK SPARK PLUG CO LTD (JP:5334)
:5334
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NGK SPARK PLUG CO
(5334)
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Rating:67Neutral
Price Target:
¥8,808.00
▲(8.50% Upside)
Action:DowngradedDate:02/01/26
The score is driven mainly by strong profitability and generally sound balance-sheet metrics, tempered by weaker recent cash-flow conversion and slow top-line growth. Technicals are mixed-to-soft with the stock below key short-term moving averages, while valuation is supportive with a moderate P/E and a ~2.7% dividend yield.
Positive Factors
High Profitability
Sustained high gross and operating margins indicate structural pricing power and efficient manufacturing in ceramic ignition and sensor products. These margins support durable cash generation and reinvestment capacity, making earnings less vulnerable to modest volume swings over months.
Negative Factors
Slow Recent Revenue Growth
A marked slowdown to single-digit/low-single-digit revenue growth signals maturation of core automotive businesses. With limited top-line expansion, future earnings gains will rely more on margin or share gains, constraining medium-term upside and making operating leverage more important.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
Sustained high gross and operating margins indicate structural pricing power and efficient manufacturing in ceramic ignition and sensor products. These margins support durable cash generation and reinvestment capacity, making earnings less vulnerable to modest volume swings over months.
Read all positive factors
NGK SPARK PLUG CO (5334) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.61T
Dividend Yield2.65%
Average Volume (3M)675.72K
Price to Earnings (P/E)11.5
Beta (1Y)1.13
Revenue Growth6.53%
EPS Growth11.14%
CountryJP
Employees15,980
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)150.42
Shares Outstanding199,247,730
10 Day Avg. Volume617,410
30 Day Avg. Volume675,723
Financial Highlights & Ratios
PEG Ratio0.70
Price to Book (P/B)1.33
Price to Sales (P/S)1.38
P/FCF Ratio8.73
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥7,412.83Price Target Upside-8.69% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)558.29
Revenue Forecast (FY)¥751.42B
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
The company makes money primarily by manufacturing and selling ignition and sensor products to automotive OEM customers and through the global replacement (aftermarket) channel. Key revenue streams include: (1) OEM supply—long-term, high-volume su...
NGK SPARK PLUG CO Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 693.38B | 652.99B | 614.49B | 562.56B | 491.73B | 427.55B |
| Gross Profit | 273.71B | 249.13B | 217.04B | 190.61B | 150.02B | 124.71B |
| EBITDA | 177.87B | 169.85B | 147.13B | 133.61B | 101.02B | 81.59B |
| Net Income | 101.73B | 92.63B | 82.64B | 66.29B | 60.20B | 38.37B |
Balance Sheet | ||||||
| Total Assets | 1.23T | 990.97B | 975.72B | 903.10B | 823.18B | 771.29B |
| Cash, Cash Equivalents and Short-Term Investments | 231.16B | 208.19B | 180.68B | 201.63B | 172.59B | 139.52B |
| Total Debt | 302.71B | 167.99B | 190.84B | 198.22B | 165.27B | 197.19B |
| Total Liabilities | 482.84B | 316.24B | 337.42B | 339.36B | 305.19B | 319.67B |
| Stockholders Equity | 743.40B | 674.57B | 637.68B | 563.67B | 514.32B | 448.83B |
Cash Flow | ||||||
| Free Cash Flow | 77.25B | 102.83B | 85.84B | 48.68B | 47.52B | 36.42B |
| Operating Cash Flow | 109.98B | 132.92B | 118.18B | 69.31B | 71.91B | 63.40B |
| Investing Cash Flow | -161.99B | -34.25B | -91.36B | -37.38B | 11.75B | -42.52B |
| Financing Cash Flow | 96.40B | -71.00B | -58.24B | -1.77B | -55.34B | 28.17B |
NGK SPARK PLUG CO Technical Analysis
Positive
8118.00
Price Trends
7352.31
Positive
7029.59
Positive
6193.64
Positive
Market Momentum
173.20
Negative
63.18
Neutral
89.81
Negative
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 8118 is above the 20-day moving average (MA) of 7560.04, above the 50-day MA of 7352.31, and above the 200-day MA of 6193.64, indicating a bullish trend. The MACD of 173.20 indicates Negative momentum. The RSI at 63.18 is Neutral, neither overbought nor oversold. The STOCH value of 89.81 is Negative, 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 | ¥291.90B | 8.56 | 6.37% | 2.88% | 4.86% | 10.95% | |
75 Outperform | ¥498.08B | 7.76 | 8.58% | 2.62% | 1.44% | -0.92% | |
72 Outperform | ¥7.74T | 15.56 | 8.97% | 1.38% | 4.96% | 8.64% | |
67 Neutral | ¥1.61T | 11.45 | 13.69% | 2.65% | 6.53% | 11.14% | |
67 Neutral | ¥5.28T | 10.20 | 6.98% | 2.98% | 2.41% | 11.03% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | ¥1.68T | 14.23 | 8.34% | 2.03% | 4.33% | 524.86% |
* Consumer Cyclical Sector Average
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NGK SPARK PLUG CO Corporate Events
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...
Niterra Continues Share Buyback, Reaches ¥13 Billion in Repurchases
Feb 2, 2026
Niterra Co., Ltd. has disclosed the latest status of its ongoing share buyback program conducted under its Articles of Incorporation pursuant to Japan’s Companies Act. Between January 1 and January 31, 2026, the company repurchased 792,900 c...
Niterra Posts Higher Revenue and Profit as Automotive Components Drive Asset Growth
Jan 30, 2026
Niterra Co., Ltd. reported solid quarterly results for the three months ended December 31, 2025, with revenue rising to ¥174.9 billion from ¥161.1 billion a year earlier and operating profit improving to ¥38.9 billion. Automotive co...
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.