Nikken Kogaku Co., Ltd. (JP:9767)
:9767
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Nikken Kogaku Co., Ltd.
(9767)
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Rating:75Outperform
Price Target:
¥2,351.00
▲(61.25% Upside)
Action:ReiteratedDate:03/19/26
The score is driven by a very attractive valuation (low P/E) and strong technical uptrend (price above major moving averages with positive MACD). These positives are tempered by fundamental risks from declining revenue and materially weaker operating/free cash flow, despite a notably strong, low-leverage balance sheet.
Positive Factors
Strong balance sheet / low leverage
Very low financial leverage and a ~70% equity ratio provide durable financial flexibility. This supports capital allocation optionality, resilience through construction-cycle downturns, and capacity to fund investment or buffer margins without relying on costly external debt.
Negative Factors
Declining revenue trend
A multi-year decline in revenue points to weakening demand, loss of market share, or reduced pricing power in construction materials. Sustained top-line contraction constrains economies of scale, limits reinvestment capacity, and pressures long-term margin and growth potential.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet / low leverage
Very low financial leverage and a ~70% equity ratio provide durable financial flexibility. This supports capital allocation optionality, resilience through construction-cycle downturns, and capacity to fund investment or buffer margins without relying on costly external debt.
Read all positive factors
Nikken Kogaku Co., Ltd. (9767) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.49B
Dividend Yield2.13%
Average Volume (3M)1.72K
Price to Earnings (P/E)3.8
Beta (1Y)0.13
Revenue Growth4.48%
EPS Growth5.88%
CountryJP
Employees147
SectorIndustrials
Sector Strength72
IndustryConstruction Materials
Share Statistics
EPS (TTM)95.33
Shares Outstanding1,862,254
10 Day Avg. Volume1,640
30 Day Avg. Volume1,723
Financial Highlights & Ratios
PEG Ratio-57.42
Price to Book (P/B)0.55
Price to Sales (P/S)0.45
P/FCF Ratio69.70
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)N/A
Revenue Forecast (FY)N/A
Nikken Kogaku Co., Ltd. Business Overview & Revenue Model
Company Description
Nikken Kogaku Co., Ltd. manufactures and sells wave-absorbing blocks in Japan. The company offers wave dissipating and coastal revetment blocks. It also provides coastal protection blocks, and riverbank disaster-prevention and environment protecti...
How the Company Makes Money
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Nikken Kogaku Co., Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
78
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.78B | 5.52B | 6.19B | 6.25B | 8.32B | 10.59B |
| Gross Profit | 1.72B | 1.70B | 1.69B | 1.66B | 2.16B | 2.62B |
| EBITDA | 569.81M | 548.67M | 592.52M | 649.73M | 1.12B | 1.58B |
| Net Income | 297.51M | 283.50M | 284.65M | 280.64M | 662.09M | 1.01B |
Balance Sheet | ||||||
| Total Assets | 6.22B | 6.53B | 7.20B | 6.93B | 7.31B | 7.67B |
| Cash, Cash Equivalents and Short-Term Investments | 2.54B | 2.74B | 2.93B | 2.88B | 2.72B | 2.52B |
| Total Debt | 265.87M | 323.68M | 513.46M | 809.06M | 733.77M | 909.00M |
| Total Liabilities | 1.68B | 1.93B | 2.81B | 2.85B | 3.49B | 4.43B |
| Stockholders Equity | 4.53B | 4.59B | 4.40B | 4.08B | 3.82B | 3.23B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 35.98M | 527.45M | 422.62M | 685.48M | 1.82B |
| Operating Cash Flow | 0.00 | 94.80M | 658.51M | 632.64M | 795.02M | 2.10B |
| Investing Cash Flow | 0.00 | -24.54M | -322.63M | -401.11M | -333.14M | -131.36M |
| Financing Cash Flow | 0.00 | -269.70M | -286.87M | -77.86M | -263.50M | -771.48M |
Nikken Kogaku Co., Ltd. Technical Analysis
Positive
1458.00
Price Trends
1748.50
Positive
1594.21
Positive
1529.01
Positive
Market Momentum
84.24
Positive
59.21
Neutral
32.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9767, the sentiment is Positive. The current price of 1458 is below the 20-day moving average (MA) of 1936.41, below the 50-day MA of 1748.50, and below the 200-day MA of 1529.01, indicating a bullish trend. The MACD of 84.24 indicates Positive momentum. The RSI at 59.21 is Neutral, neither overbought nor oversold. The STOCH value of 32.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9767.
Nikken Kogaku Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥3.49B | 3.82 | ― | 2.13% | 4.48% | 5.88% | |
73 Outperform | ¥26.52B | 9.01 | ― | 5.04% | -2.29% | -41.92% | |
68 Neutral | ¥12.12B | 11.04 | ― | 3.42% | 8.37% | 8.13% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | ¥105.81B | 5.97 | ― | 4.87% | -4.44% | -47.54% | |
47 Neutral | ¥4.89B | 4.71 | ― | 4.23% | -5.79% | -81.85% |
* Industrials Sector Average
JP:9767
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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.