Nikkiso Co., Ltd. (JP:6376)
:6376
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Nikkiso Co., Ltd.
(6376)
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Rating:70Outperform
Price Target:
¥2,930.00
▲(85.80% Upside)
Action:ReiteratedDate:02/18/26
The score is driven primarily by improved financial performance in 2025 (growth and margin recovery) but tempered by historically volatile profits and especially inconsistent cash flows. Technicals add support via a clear uptrend, though extreme overbought readings increase near-term risk. Valuation is supportive with a low P/E and modest dividend yield.
Positive Factors
Recurring aftermarket services
Nikkiso's aftermarket services tied to its installed base create recurring, higher‑margin revenue that stabilizes top‑line across cycles. Durable service streams improve customer retention, increase lifetime value, and provide steady cash inflows that mitigate project revenue volatility.
Negative Factors
Inconsistent cash generation
Historical swings in operating and free cash flow, including negative FCF in 2024, point to working‑capital sensitivity and uneven cash conversion. Persistent cash volatility weakens the firm's ability to self‑fund investments, sustain distributions, and absorb cyclical downturns without external financing.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring aftermarket services
Nikkiso's aftermarket services tied to its installed base create recurring, higher‑margin revenue that stabilizes top‑line across cycles. Durable service streams improve customer retention, increase lifetime value, and provide steady cash inflows that mitigate project revenue volatility.
Read all positive factors
Nikkiso Co., Ltd. (6376) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥166.55B
Dividend Yield2.04%
Average Volume (3M)185.66K
Price to Earnings (P/E)7.7
Beta (1Y)1.06
Revenue Growth1.48%
EPS Growth58.59%
CountryJP
Employees8,337
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)95.57
Shares Outstanding69,175,670
10 Day Avg. Volume215,040
30 Day Avg. Volume185,656
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.66
Price to Sales (P/S)0.49
P/FCF Ratio8.43
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)163
Revenue Forecast (FY)¥237.00B
Nikkiso Co., Ltd. Business Overview & Revenue Model
Company Description
Nikkiso Co., Ltd. (6376) is a Japan-based company specializing in the manufacturing of precision equipment and systems primarily for the aerospace, medical, and industrial sectors. The company's core products include cryogenic pumps, gas and liqui...
How the Company Makes Money
Nikkiso primarily makes money by selling engineered equipment and by providing aftermarket services tied to that equipment. A major revenue stream comes from the manufacture and sale of pumps and fluid-handling systems (often customized or applica...
Nikkiso Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
63
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 215.64B | 213.38B | 192.63B | 177.11B | 167.76B |
| Gross Profit | 65.01B | 53.62B | 47.19B | 41.36B | 47.16B |
| EBITDA | 26.16B | 17.53B | 15.01B | 6.36B | 12.37B |
| Net Income | 13.65B | 7.96B | 9.07B | 13.64B | 221.00M |
Balance Sheet | |||||
| Total Assets | 358.13B | 325.56B | 296.23B | 286.60B | 298.96B |
| Cash, Cash Equivalents and Short-Term Investments | 44.58B | 34.66B | 32.30B | 48.46B | 29.03B |
| Total Debt | 110.10B | 107.21B | 81.05B | 89.34B | 147.46B |
| Total Liabilities | 197.90B | 183.56B | 169.94B | 170.83B | 204.76B |
| Stockholders Equity | 158.18B | 140.07B | 124.43B | 114.23B | 92.20B |
Cash Flow | |||||
| Free Cash Flow | 12.48B | -12.60B | 6.17B | 1.14B | -7.71B |
| Operating Cash Flow | 17.62B | -6.57B | 14.24B | 8.38B | 3.59B |
| Investing Cash Flow | 133.00M | -4.99B | -9.22B | 76.76B | -14.56B |
| Financing Cash Flow | -9.79B | 13.36B | -14.55B | -68.68B | 9.45B |
Nikkiso Co., Ltd. Technical Analysis
Positive
1577.00
Price Trends
2255.10
Positive
1924.95
Positive
1654.34
Positive
Market Momentum
103.57
Negative
66.46
Neutral
87.97
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6376, the sentiment is Positive. The current price of 1577 is below the 20-day moving average (MA) of 2427.50, below the 50-day MA of 2255.10, and below the 200-day MA of 1654.34, indicating a bullish trend. The MACD of 103.57 indicates Negative momentum. The RSI at 66.46 is Neutral, neither overbought nor oversold. The STOCH value of 87.97 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6376.
Nikkiso Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥59.91B | 10.64 | ― | 2.79% | 2.85% | 3.17% | |
75 Outperform | ¥65.86B | 13.24 | ― | 3.95% | -1.67% | -4.39% | |
72 Outperform | ¥178.75B | 14.12 | 10.28% | 2.77% | 2.74% | 7.86% | |
70 Outperform | ¥166.55B | 7.70 | 8.17% | 2.04% | 1.48% | 58.59% | |
70 Outperform | ¥88.33B | 4.09 | ― | 3.09% | 6.35% | -34.20% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
52 Neutral | ¥10.27B | 42.22 | ― | 1.65% | 3.96% | ― |
* Industrials Sector Average
JP:6376
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Nikkiso Co., Ltd. Corporate Events
Nikkiso Grants Restricted Treasury Shares to Directors Under Equity Compensation Plan
Mar 27, 2026
Nikkiso Co., Ltd. has approved the disposal of 16,985 shares of its treasury stock as restricted stock compensation for five of its directors, with allocation based on each director’s responsibilities and without requiring any cash payment. ...
Nikkiso Delivers Profit Surge in 2025 and Lifts Dividends Amid Moderate 2026 Outlook
Feb 27, 2026
Nikkiso reported modest revenue growth of 1.1% to ¥215.6 billion for the year ended December 31, 2025, but sharply improved profitability, with operating profit up 139.6% to ¥15.3 billion and profit attributable to owners rising 71.6% to...
Nikkiso Revokes Board Nomination of Director Candidate Peter Wagner
Feb 25, 2026
Nikkiso Co., Ltd. announced that its Board of Directors has revoked the nomination of Peter Wagner as a candidate for director, reversing part of a slate of board nominees previously disclosed in mid-January 2026. The company stated that Wagner, w...
Nikkiso Launches New Medium‑Term Plan “NIKKISO 2028” After Exceeding Profit Target
Feb 13, 2026
Nikkiso Co., Ltd. announced that its board has approved a new three‑year medium‑term business plan, “NIKKISO 2028 – Toward a Healthier World,” to begin in the fiscal year ending December 2026. The plan follows the suc...
Nikkiso Launches J-ESOP to Align Employee Incentives With Share Performance
Feb 13, 2026
Nikkiso Co., Ltd. has approved the introduction of an Employee Stock Benefit Trust (J-ESOP) that will grant company shares and equivalent cash to employees of the parent company and its domestic subsidiaries under defined stock grant rules. The sc...
Nikkiso Lifts Year-End Dividend and Sets Higher Payout Targets Under New 2028 Plan
Feb 13, 2026
Nikkiso Co., Ltd. has approved a year-end dividend of ¥22 per share for the fiscal year ended December 31, 2025, up from its prior forecast of ¥18 and last year’s ¥15, bringing the total annual dividend to ¥40 per share. ...
Nikkiso Delivers Profit Surge, Hikes Dividend and Signals Steady 2026 Growth
Feb 13, 2026
Nikkiso Co., Ltd. reported modest revenue growth but a sharp rebound in profitability for the fiscal year ended 31 December 2025, with revenue up 1.1% to ¥215.6 billion and operating profit surging 139.6% to ¥15.3 billion. Profit attribu...
Nikkiso Escalates CFC Tax Dispute to Japan’s Supreme Court
Feb 10, 2026
Nikkiso Co., Ltd. is contesting a tax reassessment imposed under Japan’s controlled foreign company tax rules on three overseas subsidiaries within its Clean Energy Industrial Gases Group, which impacted fiscal 2018 income at subsidiary Nik...
Nikkiso Loses Tokyo High Court Appeal Over CFC Tax Reassessment
Jan 29, 2026
Nikkiso Co., Ltd. has lost its appeal at the Tokyo High Court over a tax reassessment related to Japan’s Controlled Foreign Company (CFC) tax regime, concerning three foreign subsidiaries within its Clean Energy Industrial Gases Group. Tax ...
Nikkiso Revamps Board Lineup Ahead of March 2026 Shareholders’ Meeting
Jan 13, 2026
Nikkiso Co., Ltd. has announced a slate of director and Audit Supervisory Board candidates to be submitted for approval at its 85th Ordinary General Meeting of Shareholders on March 27, 2026, signalling a measured refresh of its governance struct...
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.