Buy Or Sell Opportunity • Jul 31
Now 21% undervalued Over the last 90 days, the stock has risen 11% to JP¥3,325. The fair value is estimated to be JP¥4,210, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period. Reported Earnings • Jul 29
First quarter 2027 earnings: EPS and revenues exceed analyst expectations First quarter 2027 results: EPS: JP¥50.75 (up from JP¥45.68 in 1Q 2026). Revenue: JP¥271.7b (up 10% from 1Q 2026). Net income: JP¥33.9b (up 8.2% from 1Q 2026). Profit margin: 13% (in line with 1Q 2026). Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Jul 28
Nitto Denko Corporation Revises Consolidated Earnings Guidance for the First Half and Full Fiscal Year Ending March 31, 2027 Nitto Denko Corporation revised consolidated earnings guidance for the first half and full fiscal year ending March 31, 2027. For the first half, the company expects revenue of JPY 564,000 million, operating profit of JPY 108,000 million and net profit attributable to owners of the parent company of JPY 76,000 million or JPY 113.87 per basic share.
For the full year, the company expects revenue of JPY 1,110,000 million, operating profit of JPY 200,000 million and net profit attributable to owners of the parent company of JPY 142,000 million or JPY 212.75 per basic share. Declared Dividend • Jul 25
Final dividend of JP¥32.00 announced Shareholders will receive a dividend of JP¥32.00. Ex-date: 29th September 2026 Payment date: 30th November 2026 Dividend yield will be 1.9%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 23
Full year 2026 earnings: Revenues and EPS in line with analyst expectations Full year 2026 results: EPS: JP¥197. Revenue: JP¥1.03t (up 1.4% from FY 2025). Net income: JP¥133.5b (down 2.7% from FY 2025). Profit margin: 13% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Chemicals industry in Japan. Anuncio • Jun 16
Nitto Denko Corporation to Report Q1, 2027 Results on Jul 28, 2026 Nitto Denko Corporation announced that they will report Q1, 2027 results at 3:00 PM, Tokyo Standard Time on Jul 28, 2026 Price Target Changed • Jun 09
Price target decreased by 7.7% to JP¥3,399 Down from JP¥3,683, the current price target is an average from 11 analysts. New target price is 17% above last closing price of JP¥2,917. Stock is up 10% over the past year. The company is forecast to post earnings per share of JP¥210 for next year compared to JP¥197 last year. Buy Or Sell Opportunity • Jun 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to JP¥2,917. The fair value is estimated to be JP¥3,733, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 5.1% per annum over the same time period. Reported Earnings • Apr 28
Full year 2026 earnings: Revenues and EPS in line with analyst expectations Full year 2026 results: EPS: JP¥197. Revenue: JP¥1.03t (up 1.4% from FY 2025). Net income: JP¥133.5b (down 2.7% from FY 2025). Profit margin: 13% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Japan. Anuncio • Apr 27
Nitto Denko Corporation, Annual General Meeting, Jun 19, 2026 Nitto Denko Corporation, Annual General Meeting, Jun 19, 2026. Buy Or Sell Opportunity • Apr 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.7% to JP¥3,363. The fair value is estimated to be JP¥4,206, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 5.8% per annum over the same time period. Anuncio • Mar 30
Nitto Denko Corporation (TSE:6988) announces an Equity Buyback for 20,000,000 shares, representing 2.97% for ¥50,000 million. Nitto Denko Corporation (TSE:6988) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 2.97% of the outstanding shares for ¥50,000 million. The purpose of the program is to enable an execution of agile capital management policy following changes in the business environment as a part of the return to shareholders. The program will run until August 31, 2026. As of February 28, 2026, the company had 673,659,750 shares outstanding and 4,999,950 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.3%). Anuncio • Mar 14
Nitto Denko Corporation to Report Fiscal Year 2026 Results on Apr 27, 2026 Nitto Denko Corporation announced that they will report fiscal year 2026 results on Apr 27, 2026 Buy Or Sell Opportunity • Mar 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥3,263. The fair value is estimated to be JP¥4,115, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 5.9% per annum over the same time period. Reported Earnings • Jan 27
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥54.59 (up from JP¥40.90 in 3Q 2025). Revenue: JP¥272.6b (up 6.3% from 3Q 2025). Net income: JP¥36.8b (up 28% from 3Q 2025). Profit margin: 14% (up from 11% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 3.1%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Jan 27
Nitto Denko Corporation Revises Earnings Guidance for the Year Ending March 31, 2026 Nitto Denko Corporation revised earnings guidance for the year ending March 31, 2026. For the year, the company expects revenue of JPY 1,027,000 million, operating profit of JPY 186,000 million, net profit of JPY 136,000 million, profit attributable to owners of the parent of JPY 136,000 million, and basic earnings per share of JPY 200.56. Anuncio • Dec 16
Nitto Denko Corporation to Report Q3, 2026 Results on Jan 26, 2026 Nitto Denko Corporation announced that they will report Q3, 2026 results on Jan 26, 2026 Declared Dividend • Nov 29
First half dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 1.6%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 28
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: JP¥55.72 (down from JP¥62.47 in 2Q 2025). Revenue: JP¥267.4b (down 1.8% from 2Q 2025). Net income: JP¥37.6b (down 14% from 2Q 2025). Profit margin: 14% (down from 16% in 2Q 2025). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 7.4%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Oct 08
Price target increased by 7.4% to JP¥3,504 Up from JP¥3,263, the current price target is an average from 12 analysts. New target price is 11% below last closing price of JP¥3,947. Stock is up 60% over the past year. The company is forecast to post earnings per share of JP¥185 for next year compared to JP¥196 last year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.6%). Anuncio • Sep 13
Nitto Denko Corporation to Report Q2, 2026 Results on Oct 27, 2025 Nitto Denko Corporation announced that they will report Q2, 2026 results on Oct 27, 2025 Reported Earnings • Jul 29
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: JP¥45.68 (down from JP¥51.45 in 1Q 2025). Revenue: JP¥246.2b (down 1.3% from 1Q 2025). Net income: JP¥31.3b (down 13% from 1Q 2025). Profit margin: 13% (down from 14% in 1Q 2025). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 8.0%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 17
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 0% Dividend yield: 5.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Dividend is not well covered by cash flows (0% cash payout ratio). Declared Dividend • Jul 09
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 2.1%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 16% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jul 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 21
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥196 (up from JP¥144 in FY 2024). Revenue: JP¥1.01t (up 11% from FY 2024). Net income: JP¥137.2b (up 34% from FY 2024). Profit margin: 14% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Anuncio • Jun 14
Nitto Denko Corporation to Report Q1, 2026 Results on Jul 28, 2025 Nitto Denko Corporation announced that they will report Q1, 2026 results on Jul 28, 2025 Buy Or Sell Opportunity • May 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.9% to JP¥2,633. The fair value is estimated to be JP¥3,310, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 3.7% per annum over the same time period. New Risk • May 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 26
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥196 (up from JP¥144 in FY 2024). Revenue: JP¥1.01t (up 11% from FY 2024). Net income: JP¥137.2b (up 34% from FY 2024). Profit margin: 14% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 15% per year. Anuncio • Apr 25
Nitto Denko Corporation, Annual General Meeting, Jun 20, 2025 Nitto Denko Corporation, Annual General Meeting, Jun 20, 2025. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,318, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 49% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,010 per share. Buy Or Sell Opportunity • Apr 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥2,330. The fair value is estimated to be JP¥2,980, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 7.0% per annum over the same time period. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.6%). Anuncio • Mar 15
Nitto Denko Corporation to Report Fiscal Year 2025 Results on Apr 25, 2025 Nitto Denko Corporation announced that they will report fiscal year 2025 results on Apr 25, 2025 Reported Earnings • Jan 28
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: JP¥40.91 (down from JP¥52.45 in 3Q 2024). Revenue: JP¥256.6b (up 4.9% from 3Q 2024). Net income: JP¥28.7b (down 23% from 3Q 2024). Profit margin: 11% (down from 15% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Dec 14
Nitto Denko Corporation to Report Q3, 2025 Results on Jan 27, 2025 Nitto Denko Corporation announced that they will report Q3, 2025 results on Jan 27, 2025 Declared Dividend • Nov 30
First half dividend of JP¥28.00 announced Shareholders will receive a dividend of JP¥28.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 7.0%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 8.3% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 29
Second quarter 2025 earnings: Revenues in line with analyst expectations Second quarter 2025 results: Revenue: JP¥272.4b (up 13% from 2Q 2024). Net income: JP¥43.8b (up 51% from 2Q 2024). Profit margin: 16% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Chemicals industry in Japan. Buy Or Sell Opportunity • Oct 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.3% to JP¥2,434. The fair value is estimated to be JP¥3,052, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 8.0%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 4.6% per annum over the same time period. New Risk • Sep 26
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 193% Dividend yield: 11% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (193% cash payout ratio). Share price has been volatile over the past 3 months (9.2% average weekly change). Buy Or Sell Opportunity • Sep 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to JP¥12,130. The fair value is estimated to be JP¥15,283, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 8.0%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 4.7% per annum over the same time period. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥140 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 25 November 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.4%). Anuncio • Sep 14
Nitto Denko Corporation to Report Q2, 2025 Results on Oct 28, 2024 Nitto Denko Corporation announced that they will report Q2, 2025 results on Oct 28, 2024 Anuncio • Sep 04
Nitto Denko Corporation to Launch Counseling System in California, U.S Nitto Denko Corporation announced that it has launched sales of Counseling System in parts of California, United States from September 2024. Counseling System is a service that enables real-time analysis and visualization of a client's physiological data and feed it back to counselors and psychologists. Counseling System is a services that provides information useful to both the counselor and their clients, using a measurement device worn by the client to analyze and visualize physiological data (changes in blood flow) in real time as stress values generated by an algorithm developed by Nitto. Members from the American Psychological Association (APA) and other influential experts in the field of mental health are stress-Based Practice. Using a dedicated wearable device to obtain biofeedback, Counseling System has the potential to bring practical benefits to counselors, as it enables them to accurately grasp in real time the actions to and effects of counseling. From a client perspective too, by providing them information on the effects of received counseling in an objective and visually accessible format, it is anticipated that this information will help them to reaffirm the significance and value of counseling and maintain their motivation to continue receiving counseling care. The first target market under Counseling System's business strategy is the United States, where counseling has a strong presence. This year, its sales area is limited to parts of California, but Nitto aims to expand sales throughout the U.S. in the future. As of 2024, there are approximately 170,000 counselors holding a nationally recognized qualification in the U.S. The market for counseling is on a scale of JPY 1.78 trillion (as of 2022), and it is estimated that approximately 24.3 million clients are actually receiving counseling, and a further 28.6 million people are considered to be potentially in need of counseling care. The Nitto Group places ESG (Environment, Social, and Governance) at the core of its management and aims at simultaneously solving social issues and creating economic value. Positioning Power & Mobility, Digital Interface, and Human Life as the three focal domains, the group strives to become an essential company by leveraging the strengths of its technologies in the areas where these domains intersect with each other. Counseling System is a Service born from the fusion of multiple business areas, such as the optical technology that Nitto has cultivated through the development of polarizers and other products, and the development of Nitto's proprietary algorithms that are critical to the process of visualizing stress values. The Nitto Group will continue to develop its business in the digital health field, including Counseling System, and create new niche-top products that have never existed before. Buy Or Sell Opportunity • Sep 03
Now 20% undervalued Over the last 90 days, the stock has risen 4.4% to JP¥12,195. The fair value is estimated to be JP¥15,299, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 8.0%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 4.7% per annum over the same time period. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to JP¥9,181, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥15,439 per share. Reported Earnings • Jul 28
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: JP¥257 (up from JP¥106 in 1Q 2024). Revenue: JP¥249.3b (up 20% from 1Q 2024). Net income: JP¥36.1b (up 138% from 1Q 2024). Profit margin: 14% (up from 7.3% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 61%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥140 announced Shareholders will receive a dividend of JP¥140. Ex-date: 27th September 2024 Payment date: 25th November 2024 Dividend yield will be 2.0%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Jun 27
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Outside Director Mariko Eto was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 26
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥720 (down from JP¥739 in FY 2023). Revenue: JP¥915.1b (down 1.5% from FY 2023). Net income: JP¥102.7b (down 5.9% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.2%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Jun 15
Nitto Denko Corporation to Report Q1, 2025 Results on Jul 26, 2024 Nitto Denko Corporation announced that they will report Q1, 2025 results on Jul 26, 2024 Anuncio • May 25
Nitto Denko Corporation Revises Dividend Guidance for the Full Year Ending March 31, 2025 Nitto Denko Corporation revised dividend guidance for the full year ending March 31, 2025. In conjunction with the stock split, the Company has revised the year-end dividend forecast forthe fiscal year ending March 31, 2025, which was announced on April 26, 2024, as follows. In this regard, revised forecast is the revision in conjunction with the stock split and there is no substantial change in the year-end dividend forecast per share in previous forecast. For the full year ending March 31, 2025, the company expects to pay dividend of JPY 140 per share compared to JPY 130 per share paid a year ago. Anuncio • Apr 29
Nitto Denko Corporation, Annual General Meeting, Jun 21, 2024 Nitto Denko Corporation, Annual General Meeting, Jun 21, 2024.