Neturen Co., Ltd. (JP:5976)
:5976
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Neturen Co., Ltd.
(5976)
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Rating:54Neutral
Price Target:
¥1,330.00
▲(4.31% Upside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by weakening fundamentals—most notably negative free cash flow in 2026 and a sharp rise in debt—offset somewhat by a solid balance sheet base and a high dividend yield. Technical indicators add a modest headwind due to soft momentum.
Positive Factors
Stable industrial end markets
Neturen serves automotive and industrial machinery customers where component demand is recurring and integrated into long manufacturing supply chains. This provides a durable revenue base and long-term customer relationships that support steady order flow and operational planning over months.
Negative Factors
Negative free cash flow
A reversal to negative free cash flow reduces internal funding for capex, dividends, and debt servicing. Over months this heightens reliance on external financing, constrains strategic investments, and increases vulnerability to interest‑rate or liquidity shocks if cash conversion does not recover.
Read all positive and negative factors
Positive Factors
Negative Factors
Stable industrial end markets
Neturen serves automotive and industrial machinery customers where component demand is recurring and integrated into long manufacturing supply chains. This provides a durable revenue base and long-term customer relationships that support steady order flow and operational planning over months.
Read all positive factors
Neturen Co., Ltd. (5976) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥36.33B
Dividend Yield4.64%
Average Volume (3M)85.12K
Price to Earnings (P/E)34.9
Beta (1Y)0.73
Revenue Growth1.24%
EPS Growth-23.62%
CountryJP
Employees1,627
SectorBasic Materials
Sector Strength58
IndustrySteel
Share Statistics
EPS (TTM)46.37
Shares Outstanding32,805,400
10 Day Avg. Volume61,920
30 Day Avg. Volume85,123
Financial Highlights & Ratios
PEG Ratio-1.38
Price to Book (P/B)0.72
Price to Sales (P/S)0.72
P/FCF Ratio-18.94
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)N/A
Revenue Forecast (FY)N/A
Neturen Co., Ltd. Business Overview & Revenue Model
Company Description
Neturen Co., Ltd., together with its subsidiaries, manufactures and sells specialty steel and wire products in Japan and internationally. The company offers prestressing steel bars, PC bar spring steel wires and machining equipment, and pre-harden...
How the Company Makes Money
null...
Neturen Co., Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
66
Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 56.68B | 58.28B | 57.56B | 57.20B | 57.52B | 53.00B |
| Gross Profit | 10.21B | 11.18B | 10.32B | 9.85B | 10.24B | 11.29B |
| EBITDA | 3.66B | 4.22B | 3.93B | 4.01B | 5.07B | 6.66B |
| Net Income | 1.60B | 1.33B | 1.82B | 1.54B | 381.00M | 2.69B |
Balance Sheet | ||||||
| Total Assets | 82.72B | 88.15B | 83.76B | 80.61B | 79.89B | 82.00B |
| Cash, Cash Equivalents and Short-Term Investments | 17.44B | 17.49B | 19.66B | 16.31B | 18.61B | 19.55B |
| Total Debt | 6.53B | 11.99B | 7.23B | 1.17B | 1.87B | 2.65B |
| Total Liabilities | 18.66B | 22.77B | 17.43B | 14.14B | 13.34B | 15.14B |
| Stockholders Equity | 57.31B | 58.22B | 59.54B | 60.01B | 59.39B | 59.65B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -2.22B | 1.45B | 1.91B | 2.65B | 5.35B |
| Operating Cash Flow | 0.00 | 1.77B | 4.11B | 4.19B | 3.89B | 6.33B |
| Investing Cash Flow | 0.00 | -5.24B | -3.40B | -1.65B | -1.20B | -40.00M |
| Financing Cash Flow | 0.00 | -121.00M | 1.71B | -5.08B | -4.29B | -1.97B |
Neturen Co., Ltd. Technical Analysis
Negative
1275.00
Price Trends
1303.50
Negative
1310.37
Negative
1236.21
Positive
Market Momentum
-10.99
Positive
37.67
Neutral
8.64
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5976, the sentiment is Negative. The current price of 1275 is below the 20-day moving average (MA) of 1294.60, below the 50-day MA of 1303.50, and above the 200-day MA of 1236.21, indicating a neutral trend. The MACD of -10.99 indicates Positive momentum. The RSI at 37.67 is Neutral, neither overbought nor oversold. The STOCH value of 8.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5976.
Neturen Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ¥39.13B | 8.84 | ― | 6.27% | -6.54% | -28.89% | |
65 Neutral | ¥65.48B | 9.27 | ― | 5.15% | -12.34% | -36.53% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ¥78.83B | 13.13 | ― | 3.70% | -2.40% | -8.59% | |
55 Neutral | ¥35.35B | 13.50 | ― | 5.02% | -12.42% | -56.79% | |
54 Neutral | ¥36.33B | 34.92 | ― | 4.64% | 1.24% | -23.62% | |
44 Neutral | ¥67.98B | -1.48 | ― | 1.24% | -18.32% | -943.95% |
* Basic Materials Sector Average
JP:5976
Neturen Co., Ltd.
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20.65%
Neturen Co., Ltd. Corporate Events
Neturen Sets Capital Strategy to Lift PBR Above 1.0 and Boost ROE
May 13, 2026
Neturen Co., Ltd. has outlined a capital policy and financial strategy for the Neturen Group aimed at enhancing capital efficiency and shareholder value, with explicit targets of achieving a price-to-book ratio (PBR) of at least 1.0, a return on e...
Neturen launches up to ¥2 billion share buyback to boost capital efficiency and valuation
May 13, 2026
Neturen Co., Ltd. has authorized a new share buyback program as part of its broader capital allocation strategy under its NETUREN VISION 2030 and 16th Medium-term Management Plan. The initiative is aimed at achieving balance sheet targets, lifting...
Neturen Slashes 2026 Medium-Term Plan Targets Amid Tougher Global Conditions
May 13, 2026
Neturen Co., Ltd. has sharply revised down the financial targets in its 16th Medium-Term Management Plan “Aggressive Challenge One NETUREN 2026,” cutting its fiscal year ending March 2027 net sales goal from ¥70.0 billion to ¥...
Neturen Raises Year-End Dividend as Payouts Climb on Stronger Results
May 13, 2026
Neturen Co., Ltd. has approved a year-end dividend of ¥38 per share for the fiscal year ended March 31, 2026, with a record date of March 31 and an effective payment date of June 26, 2026. The payout, totaling ¥1,238 million, represents ...
Neturen Profit Mix Shifts as One-Off Gains Fade Amid Lower Sales
May 13, 2026
Neturen reported that non-consolidated net sales for the fiscal year ended March 31, 2026, fell 5.0% year on year to ¥29.6 billion, as construction delays driven by soaring material costs, labor shortages, and postponed capital investments in...
Neturen Lifts Dividend Payout Despite Profit Drop, Flags Rebound in 2027
May 13, 2026
Neturen Co., Ltd. reported a 1.2% rise in net sales to ¥58.3 billion for the year ended March 31, 2026, with operating profit up 17.0% and ordinary profit up 14.8%, but profit attributable to owners of parent fell 26.8% to ¥1.33 billion,...
Neturen Sets June 2026 Date for Leadership Lineup Confirmation
Mar 9, 2026
Neturen Co., Ltd. announced that its board has approved a slate of director and executive officer appointments to take effect on June 25, 2026, subject to approval at the 115th ordinary general meeting of shareholders. The structure maintains cont...
Neturen Overhauls Senior Management Structure Ahead of FY2026
Mar 6, 2026
Neturen Co., Ltd. has announced a broad reshuffle of senior management and officer responsibilities effective April 1, 2026, following a board decision on March 6. Key functional domains such as engineering development, business development, digit...
Neturen to Cancel 1.69 Million Treasury Shares to Boost Capital Efficiency
Mar 6, 2026
Neturen Co., Ltd. has resolved to cancel 1,690,000 of its common treasury shares, representing 4.90% of its issued and outstanding shares prior to the move. The cancellation, approved by the Board of Directors on February 6, 2026, is scheduled to ...
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.