Nippon Tungsten Co., Ltd. (6998) AI Stock Analysis

• Market Cap: ¥10.74B
• Dividend Yield: 3.48%
• Average Volume (3M): 12.05K
• Price to Earnings (P/E): 7.7
• Beta (1Y): 0.36
• Revenue Growth: 0.24%
• EPS Growth: 20.23%
• Country: JP
• Employees: 515
• Sector: Industrials
• Sector Strength: 72
• Industry: Manufacturing - Metal Fabrication
• EPS (TTM): 49.27
• Shares Outstanding: 5,155,520
• 10 Day Avg. Volume: 19,080
• 30 Day Avg. Volume: 12,046
• PEG Ratio: 0.31
• Price to Book (P/B): 0.47
• Price to Sales (P/S): 0.47
• P/FCF Ratio: 61.85
• 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: 78 Outperform
• Price Target: ¥2,359.00 ▲(56.43% Upside)
• Action: Reiterated Date: 03/12/26
• Date: Action: Reiterated 03/12/26

The score is driven primarily by solid financial performance (improving profitability and a strong, low-leverage balance sheet), supported by attractive valuation (low P/E with a modest dividend). Technicals add a positive but not aggressive tailwind, with an uptrend versus key moving averages and neutral-to-positive momentum readings.

Positive Factors

Conservative balance sheet

A low D/E of 0.20 and an equity ratio ~71% provide durable financial flexibility. This conservative capital structure reduces interest burden, supports investment or cyclical buffering without refinancing pressure, and enhances resilience through industry downturns.

Negative Factors

Weak FCF conversion ratio

Despite positive absolute FCF, a 0.14 FCF-to-net-income ratio indicates earnings are not yet translating efficiently into free cash. This structural conversion weakness can limit the company's ability to fund sustained capex, shareholder returns, or strategic initiatives without relying on operational improvement.

Nippon Tungsten Co., Ltd. Business Overview & Revenue Model

Company Description

Nippon Tungsten Co., Ltd. provides rare metal and fine ceramic products primarily composed of tungsten based on powder metallurgical technology. Its products include tungsten wire and rod, tungsten ribbon and SC molybdenum; resistance welding elec...

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Nippon Tungsten Co., Ltd. provides rare metal and fine ceramic products primarily composed of tungsten based on powder metallurgical technology. Its products include tungsten wire and rod, tungsten ribbon and SC molybdenum; resistance welding elec...

How the Company Makes Money

Nippon Tungsten primarily makes money by manufacturing and selling tungsten- and molybdenum-based materials and fabricated products to industrial customers. Key revenue streams generally include: (1) sales of cemented carbide materials and compone...

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Nippon Tungsten primarily makes money by manufacturing and selling tungsten- and molybdenum-based materials and fabricated products to industrial customers. Key revenue streams generally include: (1) sales of cemented carbide materials and compone...

Nippon Tungsten Co., Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	12.35B	12.39B	11.46B	12.64B	12.04B	9.89B
Gross Profit	2.96B	2.93B	2.56B	3.05B	3.01B	2.20B
EBITDA	1.38B	1.33B	1.06B	1.46B	1.51B	1.07B
Net Income	670.00M	676.00M	527.00M	767.00M	870.00M	-62.00M
Balance Sheet
Total Assets	17.76B	17.63B	17.14B	16.81B	16.45B	14.99B
Cash, Cash Equivalents and Short-Term Investments	3.59B	3.31B	3.50B	4.53B	3.93B	2.48B
Total Debt	2.48B	2.48B	2.50B	2.52B	2.48B	2.50B
Total Liabilities	5.20B	5.07B	5.02B	5.55B	5.71B	4.98B
Stockholders Equity	12.56B	12.56B	12.11B	11.25B	10.74B	10.01B
Cash Flow
Free Cash Flow	0.00	95.00M	-830.00M	951.00M	1.60B	718.00M
Operating Cash Flow	0.00	1.02B	289.00M	1.17B	1.91B	1.34B
Investing Cash Flow	0.00	-942.00M	-1.07B	-238.00M	-252.00M	-513.00M
Financing Cash Flow	0.00	-261.00M	-302.00M	-341.00M	-246.00M	-552.00M

Nippon Tungsten Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1508.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6998, the sentiment is Neutral. The current price of 1508 is below the 20-day moving average (MA) of 2233.65, below the 50-day MA of 2088.02, and below the 200-day MA of 1540.34, indicating a neutral trend. The MACD of 35.44 indicates Positive momentum. The RSI at 49.68 is Neutral, neither overbought nor oversold. The STOCH value of 17.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:6998.

Nippon Tungsten Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6998	78 Outperform	¥10.74B	7.66	―	3.48%	0.24%	20.23%
6497	73 Outperform	¥8.73B	5.48	―	2.92%	5.71%	169.04%
5994	69 Neutral	¥6.52B	-102.51	―	1.06%	6.41%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
5644	63 Neutral	¥15.39B	4.33	―	2.87%	2.38%	-5.80%
5852	54 Neutral	¥21.00B	3.53	―	4.33%	5.12%	―
2962	45 Neutral	¥7.96B	-73.23	―	―	-19.32%	-171.53%

Nippon Tungsten Co., Ltd. Corporate Events