NTN Corporation (JP:6472)
:6472
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NTN
(6472)
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Rating:60Neutral
Price Target:
¥476.00
▲(29.49% Upside)
Action:Reiterated
Date:05/16/26
The score is held back primarily by inconsistent profitability (including a 2025 loss), thin margins, and elevated leverage, despite improving trends. Technicals are supportive due to a strong uptrend, but overbought momentum indicators reduce the technical score. Valuation is moderately attractive with a reasonable P/E and a mid-single-digit dividend yield.
Positive Factors
Diversified end-markets & recurring aftermarket
NTN's business spans OEM automotive driveline components, industrial bearings, and aftermarket replacement parts. This product and channel diversification smooths demand cyclicality, creates recurring replacement revenue streams, and supports long-term cash visibility versus pure new-vehicle exposure.
Negative Factors
Thin margins
Margins are structurally thin for a manufacturing business, leaving limited buffer against raw-material, freight, or labor cost inflation. Low net margins reduce retained earnings for reinvestment and make profitability highly sensitive to small volume or price changes, weakening resilience over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified end-markets & recurring aftermarket
NTN's business spans OEM automotive driveline components, industrial bearings, and aftermarket replacement parts. This product and channel diversification smooths demand cyclicality, creates recurring replacement revenue streams, and supports long-term cash visibility versus pure new-vehicle exposure.
Read all positive factors
NTN (6472) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥269.37B
Dividend Yield3.08%
Average Volume (3M)3.59M
Price to Earnings (P/E)19.6
Beta (1Y)1.27
Revenue Growth0.09%
EPS GrowthN/A
CountryJP
Employees22,305
SectorIndustrials
Sector Strength72
IndustryManufacturing - Tools & Accessories
Share Statistics
EPS (TTM)23.40
Shares Outstanding597,533,000
10 Day Avg. Volume3,624,000
30 Day Avg. Volume3,592,136
Financial Highlights & Ratios
PEG Ratio-0.09
Price to Book (P/B)0.59
Price to Sales (P/S)0.21
P/FCF Ratio6.26
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)25.92
Revenue Forecast (FY)¥839.25B
NTN Business Overview & Revenue Model
Company Description
NTN Corporation, together with its subsidiaries, manufactures and sells bearings, drive shafts, and precision equipment and other products in Japan, the Americas, Europe, other Asian countries, and internationally. The company offers rolling beari...
How the Company Makes Money
NTN makes money primarily by manufacturing and selling mechanical components—most notably bearings and automotive driveline products—to OEMs and other industrial customers. A major revenue stream comes from automotive applications, where NTN suppl...
NTN Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
52
Neutral
Cash Flow
63
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 826.34B | 825.59B | 836.28B | 773.96B | 642.02B |
| Gross Profit | 158.68B | 148.24B | 152.13B | 133.33B | 112.93B |
| EBITDA | 71.53B | 65.55B | 70.17B | 59.41B | 46.15B |
| Net Income | 12.87B | -23.80B | 10.57B | 10.37B | 7.34B |
Balance Sheet | |||||
| Total Assets | 878.68B | 856.42B | 910.25B | 869.83B | 855.48B |
| Cash, Cash Equivalents and Short-Term Investments | 132.63B | 131.52B | 130.03B | 111.66B | 128.64B |
| Total Debt | 319.17B | 370.49B | 374.48B | 388.01B | 403.55B |
| Total Liabilities | 567.28B | 607.72B | 629.43B | 632.40B | 639.06B |
| Stockholders Equity | 296.90B | 232.89B | 264.33B | 220.66B | 197.85B |
Cash Flow | |||||
| Free Cash Flow | 28.06B | 22.09B | 40.38B | 14.51B | -7.38B |
| Operating Cash Flow | 57.18B | 45.62B | 65.10B | 34.22B | 8.96B |
| Investing Cash Flow | -26.28B | -25.96B | -24.97B | -13.86B | 2.51B |
| Financing Cash Flow | -35.32B | -18.71B | -30.21B | -33.26B | -41.30B |
NTN Technical Analysis
Positive
367.60
Price Trends
368.82
Positive
372.96
Positive
354.60
Positive
Market Momentum
19.17
Negative
66.17
Neutral
86.15
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6472, the sentiment is Positive. The current price of 367.6 is below the 20-day moving average (MA) of 416.04, below the 50-day MA of 368.82, and above the 200-day MA of 354.60, indicating a bullish trend. The MACD of 19.17 indicates Negative momentum. The RSI at 66.17 is Neutral, neither overbought nor oversold. The STOCH value of 86.15 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6472.
NTN Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥1.01T | 25.08 | 9.10% | 1.63% | 9.80% | 13.15% | |
74 Outperform | ¥317.15B | 16.78 | 7.86% | 2.55% | 5.68% | 41.20% | |
71 Outperform | ¥161.92B | 39.12 | ― | 2.82% | 15.90% | 313.65% | |
66 Neutral | ¥86.56B | 7.19 | 6.66% | 3.36% | 1.87% | 86.87% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | ¥137.95B | 25.57 | 2.64% | 2.30% | 0.90% | 15.74% | |
60 Neutral | ¥269.37B | 19.56 | -4.83% | 3.08% | 0.09% | ― |
* Industrials Sector Average
JP:6472
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NTN Corporate Events
NTN Unveils FY2025 Results and Long-Term Growth Direction
May 15, 2026
NTN Corporation has released its consolidated financial results for fiscal year 2025, outlining the company’s performance over the period and the status of its strategic initiative “DRIVE NTN100“ Final. The disclosure also includ...
NTN swings back to profit and lifts payout outlook as balance sheet strengthens
May 14, 2026
NTN Corporation reported virtually flat net sales of ¥826.3 billion for the fiscal year ended March 31, 2026, but posted a sharp recovery in profitability, with operating income up 35.2% to ¥31.0 billion and profit attributable to owners...
NTN Books Provisions and Global Asset Impairments for Fiscal 2026
May 14, 2026
NTN Corporation said it will book non-operating expenses on a non-consolidated basis for the year ending March 31, 2026, after setting aside a 5.6 billion yen provision for loss on guarantees and a 3.3 billion yen allowance for doubtful accounts t...
NSK and NTN to Form Joint Holding Company in Bearings Integration
May 12, 2026
NSK Ltd. and NTN Corporation, two century-old Japanese bearings and precision equipment makers, have agreed to integrate their businesses under a new joint holding company via a share transfer structure. The move seeks to consolidate their technol...
NTN Lifts FY2026 Earnings Forecast, Signals Turnaround to Profit
Apr 30, 2026
NTN Corporation has raised its earnings forecast for the fiscal year ending March 31, 2026, citing stronger-than-expected sales volumes and favorable foreign exchange movements. The company now expects net sales of ¥820 billion, operating inc...
NTN Proposes New Director Slate and Board Refresh for 2026 Shareholders Meeting
Mar 23, 2026
NTN Corporation has proposed a slate of director candidates, including President and Executive Officer Eiichi Ukai and several other executives who will also serve as Executive Officers, for approval at its 127th Annual General Meeting of Sharehol...
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.