Nikko Co., Ltd. (6306) AI Stock Analysis

• Market Cap: ¥30.66B
• Dividend Yield: 4.26%
• Average Volume (3M): 74.70K
• Price to Earnings (P/E): 26.0
• Beta (1Y): 0.64
• Revenue Growth: -4.23%
• EPS Growth: -1.63%
• Country: JP
• Employees: 1,117
• Sector: Industrials
• Sector Strength: 72
• Industry: Agricultural - Machinery
• EPS (TTM): 7.60
• Shares Outstanding: 40,000,000
• 10 Day Avg. Volume: 52,610
• 30 Day Avg. Volume: 74,703
• PEG Ratio: 0.25
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.54
• P/FCF Ratio: 346.86
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 56 Neutral
• Price Target: ¥804.00 ▲(1.64% Upside)
• Action: Downgraded Date: 03/24/26
• Date: Action: Downgraded 03/24/26

The score is driven primarily by a mixed financial profile—improving margins and a stable balance sheet, but materially weakened by volatile cash flow/low free-cash-flow conversion and a sharp reported revenue decline. Technicals are also weak with negative momentum and the stock trading below key moving averages. A solid dividend yield helps, but a relatively high P/E tempers the valuation support.

Positive Factors

Improving margins

Margin improvement in FY2025 indicates the company is extracting better profit per sale through pricing or cost control. Sustained mid-single-digit operating margins provide a durable buffer versus revenue swings, supporting reinvestment and dividend capacity over the next several quarters.

Negative Factors

Weak free cash flow conversion

Near‑breakeven free cash flow and very low FCF-to-net-income indicate the business struggles to convert accounting profits into spendable cash. This reduces internal funding for capex, M&A or dividends, raises reliance on external financing in weak years, and increases long-term funding risk.

Nikko Co., Ltd. Business Overview & Revenue Model

Company Description

Nikko Co., Ltd. engages in the manufacture and sale of asphalt mixing and concrete batching plants in Asia. It offers asphalt mixing plants, including main units, aggregate supply units, combustion units, dust collectors, asphalt supply systems, a...

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Nikko Co., Ltd. engages in the manufacture and sale of asphalt mixing and concrete batching plants in Asia. It offers asphalt mixing plants, including main units, aggregate supply units, combustion units, dust collectors, asphalt supply systems, a...

Nikko Co., Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	47.61B	49.16B	44.10B	39.66B	38.85B	37.87B
Gross Profit	13.73B	13.54B	11.70B	9.95B	10.24B	9.96B
EBITDA	3.45B	3.94B	2.99B	2.02B	2.81B	2.98B
Net Income	1.61B	2.01B	1.31B	1.02B	1.65B	2.08B
Balance Sheet
Total Assets	63.12B	63.73B	62.23B	52.13B	52.08B	48.70B
Cash, Cash Equivalents and Short-Term Investments	14.69B	14.04B	15.55B	10.32B	12.44B	12.49B
Total Debt	10.19B	10.28B	10.72B	5.78B	3.82B	2.50B
Total Liabilities	29.25B	29.16B	29.14B	20.52B	20.03B	17.24B
Stockholders Equity	33.83B	34.55B	33.03B	31.64B	32.00B	31.43B
Cash Flow
Free Cash Flow	0.00	76.00M	2.01B	-3.82B	527.00M	370.00M
Operating Cash Flow	0.00	2.99B	4.33B	-1.64B	2.22B	2.78B
Investing Cash Flow	0.00	-2.81B	-2.33B	-1.23B	-2.17B	-1.87B
Financing Cash Flow	0.00	-1.75B	3.19B	710.00M	-282.00M	-1.13B

Nikko Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 791.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6306, the sentiment is Positive. The current price of 791 is below the 20-day moving average (MA) of 814.75, below the 50-day MA of 829.42, and above the 200-day MA of 775.59, indicating a neutral trend. The MACD of -11.12 indicates Positive momentum. The RSI at 47.21 is Neutral, neither overbought nor oversold. The STOCH value of 43.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6306.

Nikko Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6432	73 Outperform	¥302.81B	12.67	―	2.99%	0.31%	-11.04%
6345	70 Outperform	¥86.57B	15.03	―	4.79%	1.68%	18.85%
6316	68 Neutral	¥10.50B	151.50	―	3.58%	―	―
6326	65 Neutral	¥2.93T	13.56	7.55%	2.22%	-3.22%	-29.63%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
6310	61 Neutral	¥36.81B	15.26	―	1.56%	10.90%	―
6306	56 Neutral	¥30.66B	26.01	―	4.26%	-4.23%	-1.63%