Nihon Denkei Co., Ltd. (JP:9908)
:9908
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Nihon Denkei Co., Ltd.
(9908)
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Rating:73Outperform
Price Target:
¥2,881.00
▲(26.92% Upside)
Action:Reiterated
Date:05/15/26
The score is driven by very attractive valuation (low P/E and solid yield) and strong technical trend signals. These positives are tempered by financial quality risk, as cash flow has been inconsistent and negative in multiple years (including 2026), which is the primary fundamental drawback.
Positive Factors
Steady Revenue Growth
Consistent top-line growth from 2022–2026 indicates durable demand for measurement equipment across end markets. A multi-year revenue uptrend supports reinvestment, scale benefits and improves prospects for sustaining profitability and funding capex or service expansion.
Negative Factors
Weak Cash Generation
Repeated negative OCF/FCF, including large outflows in 2026, signals poor cash conversion of reported earnings. Over the medium term this constrains organic investment, heightens reliance on external funding for growth or dividends, and raises execution and liquidity risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Consistent top-line growth from 2022–2026 indicates durable demand for measurement equipment across end markets. A multi-year revenue uptrend supports reinvestment, scale benefits and improves prospects for sustaining profitability and funding capex or service expansion.
Read all positive factors
Nihon Denkei Co., Ltd. (9908) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥28.93B
Dividend Yield3.96%
Average Volume (3M)7.16K
Price to Earnings (P/E)7.5
Beta (1Y)0.61
Revenue Growth9.83%
EPS Growth23.69%
CountryJP
Employees1,166
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)230.15
Shares Outstanding11,818,507
10 Day Avg. Volume4,600
30 Day Avg. Volume7,163
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)0.83
Price to Sales (P/S)0.21
P/FCF Ratio-7.10
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)314.5
Revenue Forecast (FY)¥127.00B
Nihon Denkei Co., Ltd. Business Overview & Revenue Model
Company Description
Nihon Denkei Co.,Ltd. trades in electronic measuring instruments in Japan and internationally. The company manufactures, distributes, leases, and rents electronic measuring instruments, system equipment, electronic parts, etc. It also provides com...
How the Company Makes Money
Nihon Denkei Co., Ltd. makes money by procuring electronic measuring instruments from manufacturers and selling them to end-users such as enterprises in the automotive, electronics, and technology sectors. Revenue streams include product sales, ca...
Nihon Denkei Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 123.65B | 133.15B | 121.24B | 108.54B | 104.78B | 91.86B |
| Gross Profit | 17.14B | 18.47B | 16.93B | 15.47B | 13.79B | 11.45B |
| EBITDA | 5.18B | 5.59B | 5.54B | 5.57B | 4.71B | 3.95B |
| Net Income | 2.63B | 3.65B | 2.97B | 2.95B | 2.91B | 2.25B |
Balance Sheet | ||||||
| Total Assets | 63.51B | 78.82B | 74.16B | 66.06B | 64.11B | 56.64B |
| Cash, Cash Equivalents and Short-Term Investments | 6.61B | 8.19B | 10.26B | 7.90B | 8.43B | 8.17B |
| Total Debt | 16.52B | 18.22B | 15.22B | 12.51B | 14.63B | 11.95B |
| Total Liabilities | 33.85B | 45.38B | 43.46B | 37.86B | 38.11B | 32.85B |
| Stockholders Equity | 28.88B | 32.86B | 29.89B | 27.41B | 25.23B | 23.04B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -3.85B | -32.90M | 3.13B | -1.54B | -1.07B |
| Operating Cash Flow | 0.00 | -3.62B | 251.24M | 3.60B | -96.77M | -539.21M |
| Investing Cash Flow | 0.00 | -119.65M | 309.92M | -764.62M | -1.24B | -280.79M |
| Financing Cash Flow | 0.00 | 1.59B | 1.51B | -3.54B | 1.45B | 1.47B |
Nihon Denkei Co., Ltd. Technical Analysis
Neutral
2270.00
Price Trends
2465.53
Negative
2430.29
Positive
2223.28
Positive
Market Momentum
6.46
Positive
47.84
Neutral
13.62
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9908, the sentiment is Neutral. The current price of 2270 is below the 20-day moving average (MA) of 2467.15, below the 50-day MA of 2465.53, and above the 200-day MA of 2223.28, indicating a neutral trend. The MACD of 6.46 indicates Positive momentum. The RSI at 47.84 is Neutral, neither overbought nor oversold. The STOCH value of 13.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9908.
Nihon Denkei Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥106.85B | 9.51 | ― | 2.85% | 1.06% | -7.68% | |
76 Outperform | ¥14.51B | 8.19 | ― | 3.03% | 6.36% | 41.53% | |
73 Outperform | ¥28.93B | 7.48 | ― | 3.96% | 9.83% | 23.69% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | ¥36.46B | 9.56 | ― | 3.90% | 53.30% | 35.91% | |
57 Neutral | ¥32.84B | 8.50 | ― | 4.66% | -8.90% | 9.92% |
* Industrials Sector Average
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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.