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NGK SPARK PLUG CO
(5334)
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Rating:71Outperform
Price Target:
¥10,404.00
▲(10.24% Upside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by strong financial performance (robust margins, healthy ROE, and manageable leverage), partially offset by weaker recent cash conversion and softer near-term technical trend (price below 20/50-day averages). Valuation is supportive with a reasonable P/E and a moderate dividend yield.
Positive Factors
High and improving profitability
Sustained net margins near 15% and a multi-year upward trend indicate durable pricing power, better mix, or ongoing cost control. This level of profitability supports reinvestment, dividends and resilience to cyclical slowdowns over the next 2–6 months.
Negative Factors
Weak cash conversion
Earnings are not fully translating into cash: operating cash flow roughly half of net income and falling free cash flow reduce financial flexibility. If the cash conversion shortfall persists, it could constrain capex, dividends or M&A despite strong reported profits.
Read all positive and negative factors
Positive Factors
Negative Factors
High and improving profitability
Sustained net margins near 15% and a multi-year upward trend indicate durable pricing power, better mix, or ongoing cost control. This level of profitability supports reinvestment, dividends and resilience to cyclical slowdowns over the next 2–6 months.
Read all positive factors
NGK SPARK PLUG CO (5334) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.87T
Dividend Yield2.18%
Average Volume (3M)675.72K
Price to Earnings (P/E)9.9
Beta (1Y)1.18
Revenue Growth16.35%
EPS Growth111.68%
CountryJP
Employees15,698
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)947.31
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 Target
¥6,400.00Price Target Upside-32.19% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)581
Revenue Forecast (FY)¥788.61B
NGK SPARK PLUG CO Business Overview & Revenue Model
Company Description
Based in Nagoya, Japan, NGK Spark Plug Co., Ltd., along with its subsidiaries, specializes in the production and distribution of spark plugs and related components for internal-combustion engines, in addition to advanced technical ceramic products...
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
82
Very Positive
Cash Flow
69
Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 764.99B | 731.21B | 652.99B | 614.49B | 562.56B | 491.73B |
| Gross Profit | 291.13B | 280.87B | 249.13B | 217.04B | 190.61B | 150.02B |
| EBITDA | 222.26B | 215.44B | 174.73B | 159.58B | 134.39B | 122.70B |
| Net Income | 186.13B | 112.89B | 92.63B | 82.64B | 66.29B | 60.20B |
Balance Sheet | ||||||
| Total Assets | 1.33T | 1.22T | 990.97B | 975.72B | 903.10B | 823.18B |
| Cash, Cash Equivalents and Short-Term Investments | 212.05B | 187.75B | 208.19B | 180.68B | 201.63B | 172.59B |
| Total Debt | 242.39B | 242.46B | 167.99B | 190.84B | 198.22B | 165.27B |
| Total Liabilities | 478.26B | 449.84B | 316.24B | 337.42B | 339.36B | 305.19B |
| Stockholders Equity | 846.49B | 767.42B | 674.57B | 637.68B | 563.67B | 514.32B |
Cash Flow | ||||||
| Free Cash Flow | 67.28B | 72.63B | 102.83B | 85.84B | 48.68B | 47.52B |
| Operating Cash Flow | 110.23B | 109.38B | 132.92B | 118.18B | 69.31B | 71.91B |
| Investing Cash Flow | 9.20B | -165.53B | -34.25B | -91.36B | -37.38B | 11.75B |
| Financing Cash Flow | -137.21B | 28.62B | -71.00B | -58.24B | -1.77B | -55.34B |
NGK SPARK PLUG CO Technical Analysis
Positive
9438.00
Price Trends
10160.76
Negative
9232.53
Positive
7968.99
Positive
Market Momentum
-162.01
Negative
55.10
Neutral
95.02
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 9438 is below the 20-day moving average (MA) of 9764.65, below the 50-day MA of 10160.76, and above the 200-day MA of 7968.99, indicating a neutral trend. The MACD of -162.01 indicates Negative momentum. The RSI at 55.10 is Neutral, neither overbought nor oversold. The STOCH value of 95.02 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 | ¥650.92B | 10.26 | 10.96% | 2.75% | 12.73% | 81.53% | |
75 Outperform | ¥429.08B | 14.15 | 7.21% | 3.03% | 7.19% | 21.95% | |
71 Outperform | ¥1.87T | 9.94 | 15.50% | 2.17% | 16.35% | 111.68% | |
71 Outperform | ¥5.42T | 12.26 | 8.64% | 3.26% | 7.51% | 13.94% | |
63 Neutral | ¥1.60T | 9.89 | 8.25% | 2.92% | 5.69% | 27.94% | |
63 Neutral | ¥6.91T | 17.00 | 14.96% | 1.56% | 12.30% | 103.31% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% |
* Consumer Cyclical Sector Average
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NGK SPARK PLUG CO Corporate Events
Niterra Announces 2-for-1 Stock Split and Dividend Forecast Adjustment
Jul 31, 2026
Niterra Co., Ltd. will implement a 2-for-1 stock split of its common shares, effective October 1, 2026, doubling the total number of issued shares to 398,495,440. The move is designed to lower the price per investment unit and make the stock more ...
Niterra Posts Strong Q1 on Weak Yen and Investment Gains, Keeps FY2027 Outlook Unchanged
Jul 31, 2026
Niterra reported solid first-quarter results for the fiscal year ending March 31, 2027, with revenue of ¥203.7 billion and operating profit of ¥41.8 billion, supported in part by a weaker yen that benefited its export-driven business. Au...
Niterra Completes ¥30 Billion Share Buyback and Plans Full Cancellation
Jul 24, 2026
Niterra Co., Ltd. has completed a share repurchase program authorized under Japan’s Companies Act, buying back 351,300 common shares for approximately 3.58 billion yen between July 1 and July 23, 2026. This latest tranche forms part of a bro...
Niterra Advances Share Buyback, Repurchases Over 3.4 Million Shares by June 2026
Jul 1, 2026
Niterra Co., Ltd. has reported the latest status of its share repurchase program conducted under the authority of its Articles of Incorporation and the Companies Act. Between June 1 and June 30, 2026, the company bought back 316,400 common shares ...
Niterra Weighs Reduction of Share Investment Unit to Broaden Investor Access
Jun 29, 2026
Niterra Co., Ltd. has outlined its stance on potentially reducing the minimum investment unit for its shares, acknowledging that such a move can help expand its investor base and enhance stock liquidity. The company notes that its current investme...
Niterra Updates Progress on ¥30 Billion Share Buyback Program
Jun 1, 2026
Niterra Co., Ltd. has reported the latest progress in its ongoing share repurchase program authorized under its Articles of Incorporation, as part of a previously approved capital policy framework. Between May 1 and May 31, 2026, the company bough...
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...
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.