Stable Profitability MarginsDespite a revenue dip, gross and net margins are reported as stable, indicating the company maintains pricing or cost control. Stable margins help sustain earnings through shipbuilding cycles, supporting medium-term profitability as contracts are executed and deliveries proceed.

Manageable LeverageA D/E of 0.52 and reasonable equity ratio point to moderate leverage and a solid equity base. This balance sheet profile provides financial flexibility to fund multi-year shipbuilding projects and absorb cyclical swings without immediate refinancing stress over the next several quarters.

Recurring Repair And After-sales RevenueThe business mixes newbuild contracts with repair, maintenance and after-delivery services, which are more recurring and less lumpy. This service revenue diversifies cash flow, strengthens customer ties, and smooths income volatility inherent in newbuild order timing over the medium term.

Bears Say

Declining Revenue TrendA year-over-year top-line decline signals weakening demand or delivery timing issues in a cyclical shipbuilding market. Lower revenue reduces scale benefits and puts pressure on margins and fixed-cost absorption, threatening earnings durability over the next several quarters if demand or orders don't recover.

Negative Operating And Free Cash FlowSustained negative operating and free cash flow limit the firm's ability to self-fund working capital and capex for yards. Over time this can force external financing, constrain reinvestment in facilities, and reduce resilience to contract cost overruns or slower delivery schedules.

Decreasing Cash Reserves / Liquidity ConcernsA material drop in cash reserves weakens the liquidity buffer needed for long-cycle builds and unexpected warranty or repair costs. Reduced cash increases refinancing and operational risk, limiting flexibility to support bids, accept new contracts, or absorb timing mismatches over the medium term.

7018 FAQ

What was Naikai Zosen Corporation’s price range in the past 12 months?

Naikai Zosen Corporation lowest stock price was ¥4090.00 and its highest was ¥20540.00 in the past 12 months.

What is Naikai Zosen Corporation’s market cap?

Naikai Zosen Corporation’s market cap is ¥26.11B.

When is Naikai Zosen Corporation’s upcoming earnings report date?

Naikai Zosen Corporation’s upcoming earnings report date is May 08, 2026 which is in 61 days.

How were Naikai Zosen Corporation’s earnings last quarter?

Naikai Zosen Corporation released its earnings results on Feb 04, 2026. The company reported ¥287.7 earnings per share for the quarter, beating the consensus estimate of N/A by ¥287.7.

Is Naikai Zosen Corporation overvalued?

According to Wall Street analysts Naikai Zosen Corporation’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Naikai Zosen Corporation pay dividends?

Naikai Zosen Corporation pays a Annually dividend of ¥40 which represents an annual dividend yield of 0.27%. See more information on Naikai Zosen Corporation dividends here

What is Naikai Zosen Corporation’s EPS estimate?

Naikai Zosen Corporation’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Naikai Zosen Corporation have?

Naikai Zosen Corporation has 2,253,000 shares outstanding.

What happened to Naikai Zosen Corporation’s price movement after its last earnings report?

Naikai Zosen Corporation reported an EPS of ¥287.7 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 4.027%.

Which hedge fund is a major shareholder of Naikai Zosen Corporation?

Currently, no hedge funds are holding shares in JP:7018

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Naikai Zosen Corporation

Naikai Zosen Corporation engages in shipbuilding business in Japan. The company constructs ferries, container ships, product tankers, bulk carriers, general cargo ships, car carriers, refrigerated cargo ships, ro-ro ships, research vessels, investigation and patrol vessels, LPG/LAG/LEG tankers, chemical tankers, and others. It is also involved in the repair and remodeling of ships and governmental vessels. Naikai Zosen Corporation was founded in 1940 and is headquartered in Onomichi, Japan.