Nagano Keiki Co., Ltd. (7715) AI Stock Analysis

• Market Cap: ¥51.11B
• Dividend Yield: 1.94%
• Average Volume (3M): 161.06K
• Price to Earnings (P/E): 10.0
• Beta (1Y): 1.45
• Revenue Growth: -4.17%
• EPS Growth: -7.07%
• Country: JP
• Employees: 2,421
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 60.56
• Shares Outstanding: 18,892,485
• 10 Day Avg. Volume: 145,740
• 30 Day Avg. Volume: 161,063
• PEG Ratio: 0.51
• Price to Book (P/B): 0.83
• Price to Sales (P/S): 0.53
• P/FCF Ratio: 10.49
• 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): 272.3
• Revenue Forecast (FY): ¥67.00B

• Rating: 79 Outperform
• Price Target: ¥3,164.00 ▲(30.15% Upside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 02/25/26

The score is driven primarily by strong financial performance (growth, improving margins, and solid cash flow) and a relatively attractive valuation (P/E ~11.2). Technicals are supportive of an ongoing uptrend, but overbought momentum signals (RSI ~72, Stoch ~85) temper the score due to elevated near-term pullback risk.

Positive Factors

Revenue growth & margins

Consistent revenue expansion combined with improving gross, net and EBITDA margins indicates the business is scaling while retaining pricing and cost discipline. Over 2–6 months this durable trend supports sustainable earnings, internal reinvestment, and resilience to moderate demand swings.

Cash generation

Strong operating cash flow and positive free cash flow conversion provide lasting financial flexibility to fund capex, service debt, and support product development or service offerings. Reliable cash generation reduces refinancing risk and underpins strategic investments over the medium term.

Stable balance sheet

A healthy equity ratio and improving return on equity reflect structural financial stability and effective capital deployment. This foundation supports longer-term operational planning, gives capacity for targeted investments, and cushions the company through cyclical troughs.

Negative Factors

Elevated absolute debt

Although leverage metrics are described as manageable, the relatively high absolute debt level raises structural interest and refinancing exposure. If cash flow weakens or rates rise, debt servicing and flexibility for M&A or capex could be constrained over the coming months.

Negative EPS trend

A recent decline in EPS despite revenue gains suggests margin pressure, one-off costs, or profit volatility that may persist. Sustained EPS weakness could limit retained earnings for reinvestment or dividends and signal operational or cost-structure issues needing remediation.

Cyclical end markets

Dependence on industrial capex, maintenance and replacement cycles makes demand structurally cyclical. In a downturn, orders and new-project spend can be deferred, directly reducing instrument sales and service revenue; this cyclicality can pressure medium-term revenue visibility and margins.

Nagano Keiki Co., Ltd. Business Overview & Revenue Model

Company Description

Nagano Keiki Co., Ltd. manufactures and sells measurement instruments and control equipment in Japan and internationally. It offers various pressure gauges, including compound, vacuum, differential pressure, low pressure, absolute pressure, and diaphragm-seal type products; mechanical and electrical types switches, indicators with switches, and plug-in connectors for pressure switches; pressure sensors comprising pressure transmitters, load and level sensors, and converters; digital pressure gauges, and digital indicators and meter relays; and various types of temperature gauges. The company also provides flow meters for use in water, air, and gas; heat meters and heat monitors; inspection and calibration instruments, including dead weight testers, liquid column manometers, precision aneroid manometers, digital precision manometers, digital pressure checkers, programmable pressure controllers, and data loggers and fiber brag grating sensors; and accessories, such as regulators, ceramic products, noise level and vibration meters; and aluminum and magnesium die cast components, as well as maintenance and calibration services. It serves automobile, industrial vehicle and construction, FA and industrial machinery, HVAC and refrigerator, semiconductor, process instrumentation, and medical and welfare industries; food, drug, and cosmetics sectors; marine, aeronautical, and rail industries; and high-pressure hydrogen, gas, and energy applications. Nagano Keiki Co., Ltd. was founded in 1896 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Nagano Keiki primarily makes money by manufacturing and selling pressure-measurement products and related instrumentation to industrial customers. Its core revenue stream is product sales—especially pressure gauges and other pressure-related instruments—sold through direct sales to equipment makers and industrial users and through distributors/agents depending on the customer and region. Revenue is generally driven by (1) demand from capital expenditure and maintenance needs in industrial plants and machinery, (2) repeat replacement demand because pressure instruments are installed in large numbers and are periodically replaced or recalibrated, and (3) sales of higher-value or specialized measurement solutions for more demanding environments (e.g., harsh process conditions) where specifications and reliability requirements are higher. Additional revenue can come from services tied to installed products (e.g., inspection, maintenance, or calibration support); if company-specific disclosure for service revenue, customer concentration, or named major partnerships is not publicly available in the provided context, it is null.

Nagano Keiki Co., Ltd. Financial Statement Overview

Summary

Strong fundamentals supported by robust revenue growth, improving profitability (net profit and EBITDA margins), and solid cash generation. Balance sheet is stable with a healthy equity ratio and manageable leverage, though relatively high total debt remains a key risk to monitor.

Income Statement

Nagano Keiki Co., Ltd. shows strong revenue growth with a consistent increase over the years, especially evident from the latest revenue of 69.5 billion. The gross profit margin remained solid, and there was a noticeable improvement in net profit margin, indicating enhanced profitability. The EBITDA margin also improved, reflecting efficient operations. Overall, the income statement suggests robust financial performance with positive growth trends.

Balance Sheet

The balance sheet indicates a stable financial position with a healthy equity ratio showing strong shareholder equity relative to total assets. The debt-to-equity ratio is manageable, suggesting that the company isn't overly leveraged. The return on equity has shown improvement, highlighting effective use of equity capital. However, the total debt level has been relatively high, which could pose potential risks.

Cash Flow

Nagano Keiki Co., Ltd. demonstrates strong cash flow performance with a positive trend in free cash flow. The operating cash flow to net income ratio is robust, indicating effective cash generation relative to net income. The free cash flow to net income ratio also reflects good cash conversion. Despite the positive cash flow trends, a slight decline in free cash flow growth rate in the most recent period suggests room for improvement.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	68.50B	69.54B	67.94B	60.54B	54.95B	44.81B
Gross Profit	21.68B	21.93B	21.35B	17.60B	15.68B	12.32B
EBITDA	11.60B	11.40B	9.46B	6.98B	5.88B	3.31B
Net Income	5.65B	6.05B	5.41B	3.41B	2.51B	865.17M
Balance Sheet
Total Assets	75.24B	74.41B	72.37B	62.86B	55.58B	50.82B
Cash, Cash Equivalents and Short-Term Investments	10.63B	10.12B	7.86B	7.41B	7.21B	8.07B
Total Debt	15.22B	14.62B	14.88B	15.77B	12.41B	13.04B
Total Liabilities	29.34B	29.75B	31.79B	29.55B	26.47B	25.16B
Stockholders Equity	44.99B	43.78B	39.77B	32.51B	28.34B	24.92B
Cash Flow
Free Cash Flow	318.13M	3.48B	3.65B	310.31M	575.51M	839.38M
Operating Cash Flow	878.85M	6.10B	6.24B	2.22B	2.81B	2.33B
Investing Cash Flow	-308.16M	-351.28M	-2.04B	-2.00B	-2.30B	-1.53B
Financing Cash Flow	-540.05M	-3.50B	-3.42B	-261.17M	-1.55B	545.95M

Nagano Keiki Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2431.00
• 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:7715, the sentiment is Negative. The current price of 2431 is below the 20-day moving average (MA) of 2975.80, below the 50-day MA of 2771.34, and above the 200-day MA of 2276.87, indicating a neutral trend. The MACD of 40.22 indicates Positive momentum. The RSI at 42.25 is Neutral, neither overbought nor oversold. The STOCH value of 43.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:7715.

Nagano Keiki Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6850	80 Outperform	¥28.40B	13.32	―	2.89%	6.15%	2.98%
7723	80 Outperform	¥46.85B	7.34	―	3.21%	7.99%	50.13%
7715	79 Outperform	¥51.11B	10.04	―	1.94%	-4.17%	-7.07%
6863	75 Outperform	¥14.85B	11.72	―	5.39%	6.45%	26.58%
7500	75 Outperform	¥38.02B	13.65	―	2.29%	6.81%	12.70%
6853	73 Outperform	¥19.55B	18.81	―	2.93%	-1.58%	12.24%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%