NTN（NTN）株式概要NTN株式会社は、子会社とともに、ベアリング、ドライブシャフト、精密機器等の製造・販売を国内外に展開しています。 詳細NTN ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長3/6過去の実績2/6財務の健全性4/6配当金4/6報酬当社が推定した公正価値より22.7%で取引されている 収益は年間23.9%増加すると予測されています 今年は黒字化を達成 リスク分析負債は営業キャッシュフローで十分にカバーされていない 財務結果に影響を与える大きな一時的項目 不安定な配当実績 すべてのリスクチェックを見るNTN Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€2.14109.8% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-44b924b2016201920222025202620282031Revenue JP¥924.3bEarnings JP¥14.4bAdvancedSet Fair ValueView all narrativesNTN Corporation 競合他社KSB SE KGaASymbol: XTRA:KSBMarket cap: €1.5bPfeiffer Vacuum TechnologySymbol: XTRA:PFVMarket cap: €1.6bMaschinenfabrik Berthold HermleSymbol: DB:MBH3Market cap: €830.0mWashTecSymbol: XTRA:WSUMarket cap: €530.0m価格と性能株価の高値、安値、推移の概要NTN過去の株価現在の株価JP¥2.1452週高値JP¥2.6852週安値JP¥1.25ベータ0.771ヶ月の変化14.44%3ヶ月変化-2.73%1年変化63.36%3年間の変化15.05%5年間の変化-10.83%IPOからの変化-32.06%最新ニュースBoard Change • May 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Etsu Harima was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 14+ 1 more updateNTN Corporation (TSE:6472) signed a memorandum of understanding to acquire NSK Ltd. (TSE:6471).NTN Corporation (TSE:6472) signed a memorandum of understanding to acquire NSK Ltd. (TSE:6471) on May 12, 2026. The consideration consists of common equity of NTN Corporation to be issued for common equity of NSK Ltd. As part of consideration, an undisclosed value is paid towards common equity of NSK Ltd. The transaction is subject to approval of offer by acquirer shareholders and approval of offer by target shareholders. The expected completion of the transaction is October 1, 2027 to October 31, 2027.お知らせ • May 09NTN Corporation to Report Fiscal Year 2026 Results on May 14, 2026NTN Corporation announced that they will report fiscal year 2026 results on May 14, 2026お知らせ • Nov 29NTN Corporation to Report Q3, 2026 Results on Feb 03, 2026NTN Corporation announced that they will report Q3, 2026 results on Feb 03, 2026お知らせ • Sep 01NTN Corporation to Report Q2, 2026 Results on Oct 31, 2025NTN Corporation announced that they will report Q2, 2026 results on Oct 31, 2025お知らせ • Jun 27NTN Corporation to Report Q1, 2026 Results on Aug 04, 2025NTN Corporation announced that they will report Q1, 2026 results on Aug 04, 2025最新情報をもっと見るRecent updatesBoard Change • May 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Etsu Harima was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • May 14+ 1 more updateNTN Corporation (TSE:6472) signed a memorandum of understanding to acquire NSK Ltd. (TSE:6471).NTN Corporation (TSE:6472) signed a memorandum of understanding to acquire NSK Ltd. (TSE:6471) on May 12, 2026. The consideration consists of common equity of NTN Corporation to be issued for common equity of NSK Ltd. As part of consideration, an undisclosed value is paid towards common equity of NSK Ltd. The transaction is subject to approval of offer by acquirer shareholders and approval of offer by target shareholders. The expected completion of the transaction is October 1, 2027 to October 31, 2027.お知らせ • May 09NTN Corporation to Report Fiscal Year 2026 Results on May 14, 2026NTN Corporation announced that they will report fiscal year 2026 results on May 14, 2026お知らせ • Nov 29NTN Corporation to Report Q3, 2026 Results on Feb 03, 2026NTN Corporation announced that they will report Q3, 2026 results on Feb 03, 2026お知らせ • Sep 01NTN Corporation to Report Q2, 2026 Results on Oct 31, 2025NTN Corporation announced that they will report Q2, 2026 results on Oct 31, 2025お知らせ • Jun 27NTN Corporation to Report Q1, 2026 Results on Aug 04, 2025NTN Corporation announced that they will report Q1, 2026 results on Aug 04, 2025お知らせ • May 15NTN Corporation, Annual General Meeting, Jun 25, 2025NTN Corporation, Annual General Meeting, Jun 25, 2025.お知らせ • Mar 01NTN Corporation to Report Fiscal Year 2025 Results on May 14, 2025NTN Corporation announced that they will report fiscal year 2025 results on May 14, 2025お知らせ • Nov 06NTN Corporation to Report Q3, 2025 Results on Feb 04, 2025NTN Corporation announced that they will report Q3, 2025 results on Feb 04, 2025Reported Earnings • Nov 01Second quarter 2025 earnings released: JP¥4.33 loss per share (vs JP¥4.68 profit in 2Q 2024)Second quarter 2025 results: JP¥4.33 loss per share (down from JP¥4.68 profit in 2Q 2024). Revenue: JP¥203.1b (down 2.7% from 2Q 2024). Net loss: JP¥2.30b (down 192% from profit in 2Q 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.お知らせ • Sep 27NTN Corporation to Report Q2, 2025 Results on Oct 31, 2024NTN Corporation announced that they will report Q2, 2025 results on Oct 31, 2024Upcoming Dividend • Sep 20Upcoming dividend of JP¥5.50 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.5%).New Risk • Aug 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin).Reported Earnings • Aug 04First quarter 2025 earnings released: EPS: JP¥0.32 (vs JP¥3.09 in 1Q 2024)First quarter 2025 results: EPS: JP¥0.32 (down from JP¥3.09 in 1Q 2024). Revenue: JP¥210.8b (up 5.0% from 1Q 2024). Net income: JP¥170.0m (down 90% from 1Q 2024). Profit margin: 0.1% (down from 0.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Declared Dividend • Jul 11Final dividend of JP¥5.50 announcedShareholders will receive a dividend of JP¥5.50. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 307%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 92% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • May 16Full year 2024 earnings released: EPS: JP¥19.90 (vs JP¥19.53 in FY 2023)Full year 2024 results: EPS: JP¥19.90 (up from JP¥19.53 in FY 2023). Revenue: JP¥836.3b (up 8.1% from FY 2023). Net income: JP¥10.6b (up 1.9% from FY 2023). Profit margin: 1.3% (in line with FY 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.お知らせ • May 16NTN Corporation, Annual General Meeting, Jun 25, 2024NTN Corporation, Annual General Meeting, Jun 25, 2024.Buy Or Sell Opportunity • Apr 26Now 21% undervaluedOver the last 90 days, the stock has risen 15% to €1.86. The fair value is estimated to be €2.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.8% in 2 years. Earnings are forecast to grow by 2.6% in the next 2 years.Upcoming Dividend • Mar 21Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (3.2%).お知らせ • Mar 02NTN Corporation to Report Fiscal Year 2024 Results on May 14, 2024NTN Corporation announced that they will report fiscal year 2024 results on May 14, 2024Reported Earnings • Feb 04Third quarter 2024 earnings released: EPS: JP¥6.70 (vs JP¥1.66 in 3Q 2023)Third quarter 2024 results: EPS: JP¥6.70 (up from JP¥1.66 in 3Q 2023). Revenue: JP¥210.9b (up 6.7% from 3Q 2023). Net income: JP¥3.56b (up 305% from 3Q 2023). Profit margin: 1.7% (up from 0.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.お知らせ • Feb 02+ 1 more updateNTN Corporation Revises Consolidated Earning Guidance for the Fiscal Year Ending March 31, 2024NTN Corporation revised consolidated earning guidance for the fiscal year ending March 31, 2024. For the year, the company expects net sales of JPY 830,000 million, operating income of JPY 25,000 million, profit attributable to owners of parent of JPY 9,000 million and net income per share of JPY 16.95 against previous guidance of net sales of JPY 825,000 million, operating income of JPY 30,000 million, profit attributable to owners of parent of JPY 11,000 million and net income per share of JPY 20.72. Reasons for revision: The company expects that the net sales will exceed the previous forecast due to the impact of foreign exchange rates while the sales volume will decrease due to factors such as reduction in sales for industrial machinery market in addition to automotive market mainly in Japan, Europe and China, and effects of the earthquake which struck Noto Peninsula, Ishikawa, Japan. On the other hand, The company expects that operating income, ordinary income, and profit attributable to owners of parent will be below the previous forecast due to the significant impact of the decrease in sales volume, despite the impact of foreign exchange rates. The company assume that the exchange rate to be USD 1 = JPY 140 and EUR 1= JPY 155 from the first quarter.お知らせ • Nov 27NTN Corporation to Report Q3, 2024 Results on Feb 02, 2024NTN Corporation announced that they will report Q3, 2024 results on Feb 02, 2024Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥4.68 (vs JP¥1.61 in 2Q 2023)Second quarter 2024 results: EPS: JP¥4.68 (up from JP¥1.61 in 2Q 2023). Revenue: JP¥208.9b (up 4.9% from 2Q 2023). Net income: JP¥2.48b (up 191% from 2Q 2023). Profit margin: 1.2% (up from 0.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 134% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Nov 01NTN Corporation Announces Dividend for the Second Quarter and Provides Dividend Guidance for the Year End of Fiscal Year Ending March 31, 2024NTN Corporation announced dividend for the second quarter and provided dividend guidance for the year end of fiscal year ending March 31, 2024. For the second quarter, company announced dividend of JPY 5.00 per share against JPY 2.50 per share a year ago. Payment date is December 1, 2023. For the year end. the company expects dividend of JPY 5.00 per share against JPY 2.50 per share a year ago.Upcoming Dividend • Sep 21Upcoming dividend of JP¥5.00 per share at 3.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.8%).お知らせ • Aug 27NTN Corporation to Report Q2, 2024 Results on Oct 31, 2023NTN Corporation announced that they will report Q2, 2024 results on Oct 31, 2023Reported Earnings • Aug 03First quarter 2024 earnings released: EPS: JP¥3.09 (vs JP¥4.69 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥3.09 (up from JP¥4.69 loss in 1Q 2023). Revenue: JP¥200.8b (up 16% from 1Q 2023). Net income: JP¥1.64b (up JP¥4.13b from 1Q 2023). Profit margin: 0.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.お知らせ • May 31NTN Corporation to Report Q1, 2024 Results on Aug 02, 2023NTN Corporation announced that they will report Q1, 2024 results on Aug 02, 2023Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥19.53 (vs JP¥13.83 in FY 2022)Full year 2023 results: EPS: JP¥19.53 (up from JP¥13.83 in FY 2022). Revenue: JP¥774.0b (up 21% from FY 2022). Net income: JP¥10.4b (up 41% from FY 2022). Profit margin: 1.3% (up from 1.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 16Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €1.93, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Machinery industry in Germany. Total returns to shareholders of 9.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.36 per share.お知らせ • May 13+ 2 more updatesNTN Corporation, Annual General Meeting, Jun 27, 2023NTN Corporation, Annual General Meeting, Jun 27, 2023.Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €2.16, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Machinery industry in Germany. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.64 per share.Reported Earnings • Feb 03Third quarter 2023 earnings released: EPS: JP¥1.66 (vs JP¥0.87 loss in 3Q 2022)Third quarter 2023 results: EPS: JP¥1.66 (up from JP¥0.87 loss in 3Q 2022). Revenue: JP¥197.7b (up 22% from 3Q 2022). Net income: JP¥879.0m (up JP¥1.34b from 3Q 2022). Profit margin: 0.4% (up from net loss in 3Q 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.お知らせ • Feb 03+ 1 more updateNTN Corporation Provides Earnings Guidance for the Year Ending March 31, 2023NTN Corporation provided consolidated earnings guidance for the year ending March 31, 2023. For the period, the company expects net sales of JPY 770,000 million, operating income of JPY 26,000 million, profit attributable to owners of parent of JPY 12,000 million and net income per share of JPY 22.60.お知らせ • Nov 27NTN Corporation to Report Q3, 2023 Results on Feb 02, 2023NTN Corporation announced that they will report Q3, 2023 results on Feb 02, 2023Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director, Exe. Officer and In charge of European & African, ESG, Legal, Trade, IC & General Affairs Masaaki Yamamoto was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to €2.06, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.81 per share.Reported Earnings • Nov 02Second quarter 2023 earnings released: EPS: JP¥1.61 (vs JP¥4.20 loss in 2Q 2022)Second quarter 2023 results: EPS: JP¥1.61 (up from JP¥4.20 loss in 2Q 2022). Revenue: JP¥199.1b (up 34% from 2Q 2022). Net income: JP¥854.0m (up JP¥3.09b from 2Q 2022). Profit margin: 0.4% (up from net loss in 2Q 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.お知らせ • Nov 01+ 1 more updateNTN Corporation Announces Dividend for the Second Quarter of Fiscal Year Ending March 31, 2023, Payable on December 1, 2022, and Provides Dividend Guidance for the Year Ending March 31, 2023NTN Corporation announced dividend for the second quarter of fiscal year ending March 31, 2023. For the Quarter End, Company announced dividend of JPY 2.50 per share against JPY 0.00 per share a year ago. Payment date is December 1, 2022. Company provided dividend guidance for the year ending March 31, 2023. For the period, the company expects dividend of JPY 2.50 per share against JPY 0.00 per share a year ago.お知らせ • Aug 04NTN Corporation to Report Q2, 2023 Results on Oct 31, 2022NTN Corporation announced that they will report Q2, 2023 results on Oct 31, 2022Reported Earnings • Aug 03First quarter 2023 earnings released: JP¥4.69 loss per share (vs JP¥2.23 profit in 1Q 2022)First quarter 2023 results: JP¥4.69 loss per share (down from JP¥2.23 profit in 1Q 2022). Revenue: JP¥172.6b (up 10% from 1Q 2022). Net loss: JP¥2.49b (down 310% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 9.8%, compared to a 9.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.お知らせ • Aug 03NTN Corporation Provides Consolidated Earnings Guidance for the First Half and Full Year for the Year Ending March 31, 2023NTN Corporation provided consolidated earnings guidance for the first half and full year for the year ending March 31, 2023. For the first half, company expects net sales to be JPY 350,000 million, operating income to be JPY 1,000 million, loss attributable to owners of parent to be JPY 3,500 million and net loss per share to be JPY 6.59.For the full year, company expects net sales to be JPY 720,000 million, operating income to be JPY 23,000 million, profit attributable to owners of parent to be JPY 10,000 million and net income per share to be JPY 18.84.Reported Earnings • Jun 26Full year 2022 earnings releasedFull year 2022 results: Revenue: JP¥642.0b (up 14% from FY 2021). Net income: JP¥7.34b (up JP¥19.0b from FY 2021). Profit margin: 1.1% (up from net loss in FY 2021). Over the next year, revenue is forecast to grow 11%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.お知らせ • May 29NTN Corporation to Report Q1, 2023 Results on Jul 29, 2022NTN Corporation announced that they will report Q1, 2023 results on Jul 29, 2022Valuation Update With 7 Day Price Move • May 21Investor sentiment improved over the past weekAfter last week's 19% share price gain to €1.90, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 18% over the past three years.Reported Earnings • May 15Full year 2022 earnings released: EPS: JP¥13.83 (vs JP¥21.92 loss in FY 2021)Full year 2022 results: EPS: JP¥13.83 (up from JP¥21.92 loss in FY 2021). Revenue: JP¥642.0b (up 14% from FY 2021). Net income: JP¥7.34b (up JP¥19.0b from FY 2021). Profit margin: 1.1% (up from net loss in FY 2021). Over the next year, revenue is forecast to grow 7.9%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.お知らせ • May 14+ 2 more updatesNTN Corporation Announces Unaudited Consolidated Earnings Results for the Year Ending March 31, 2023NTN Corporation announced unaudited consolidated earnings results for the year ending March 31, 2023. For the full year ending March 31, 2023, the company expects consolidated net sales of JPY 720,000 million, operating income of JPY 23,000 million, net income attributable to shareholder of the parent company of JPY 10,000 million and net income per share of JPY 18.84.Board Change • Apr 27Less than half of directors are independentThere are 8 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Outside Director Tomonori Nishimura was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Apr 08NTN Corporation to Report Fiscal Year 2022 Results on May 13, 2022NTN Corporation announced that they will report fiscal year 2022 results on May 13, 2022Reported Earnings • Feb 02Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2022 results: JP¥0.87 loss per share (down from JP¥2.13 profit in 3Q 2021). Revenue: JP¥162.3b (up 1.2% from 3Q 2021). Net loss: JP¥460.0m (down 141% from profit in 3Q 2021). Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 8.3%, compared to a 10.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.Reported Earnings • Oct 30Second quarter 2022 earnings released: JP¥4.20 loss per share (vs JP¥4.31 loss in 2Q 2021)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: JP¥149.2b (up 1.3% from 2Q 2021). Net loss: JP¥2.23b (loss narrowed 2.4% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Reported Earnings • Aug 02First quarter 2022 earnings released: EPS JP¥2.23 (vs JP¥22.83 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥156.6b (up 70% from 1Q 2021). Net income: JP¥1.18b (up JP¥13.3b from 1Q 2021). Profit margin: 0.8% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.Reported Earnings • May 17Full year 2021 earnings released: JP¥21.92 loss per share (vs JP¥82.83 loss in FY 2020)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: JP¥562.8b (down 14% from FY 2020). Net loss: JP¥11.6b (loss narrowed 74% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.お知らせ • Mar 04NTN Corporation to Report Fiscal Year 2021 Results on May 14, 2021NTN Corporation announced that they will report fiscal year 2021 results on May 14, 2021Is New 90 Day High Low • Feb 18New 90-day high: €2.52The company is up 40% from its price of €1.80 on 19 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.17 per share.Reported Earnings • Jan 30Third quarter 2021 earnings released: EPS JP¥2.13 (vs JP¥4.26 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JP¥160.3b (flat on 3Q 2020). Net income: JP¥1.13b (up JP¥3.39b from 3Q 2020). Profit margin: 0.7% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.Analyst Estimate Surprise Post Earnings • Jan 30Revenue beats expectationsRevenue exceeded analyst estimates by 4.1%. Over the next year, revenue is forecast to grow 10%, compared to a 4.9% growth forecast for the Machinery industry in Germany.Is New 90 Day High Low • Jan 21New 90-day high: €2.18The company is up 27% from its price of €1.71 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.28 per share.Is New 90 Day High Low • Dec 04New 90-day high: €1.92The company is up 19% from its price of €1.61 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.41 per share.お知らせ • Nov 29NTN Corporation to Report Q3, 2021 Results on Jan 28, 2021NTN Corporation announced that they will report Q3, 2021 results on Jan 28, 2021Is New 90 Day High Low • Nov 16New 90-day high: €1.86The company is up 16% from its price of €1.61 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.47 per share.Reported Earnings • Nov 07Second quarter 2021 earnings released: JP¥4.31 loss per shareThe company reported a poor second quarter result with increased losses and weaker revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥147.3b (down 9.5% from 2Q 2020). Net loss: JP¥2.29b (loss widened 81% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 112% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.Analyst Estimate Surprise Post Earnings • Nov 07Revenue misses expectationsRevenue missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 4.5% while the growth in Machinery industry in Germany is expected to stay flat.Reported Earnings • Nov 01First half earnings releasedOver the last 12 months the company has reported total losses of JP¥59.5b, with losses widening by 325% from the prior year. Total revenue was JP¥556.2b over the last 12 months, down 20% from the prior year.Analyst Estimate Surprise Post Earnings • Nov 01Semi-annual earnings released: Revenue misses expectationsSemi-annual revenue missed analyst estimates by 28% at JP¥239.2b. Revenue is forecast to grow 4.1% over the next year, while the growth in Machinery industry in Germany is expected to stay flat.お知らせ • Aug 30NTN Corporation to Report Q2, 2021 Results on Oct 30, 2020NTN Corporation announced that they will report Q2, 2021 results on Oct 30, 2020株主還元NTNDE MachineryDE 市場7D-4.5%0.2%3.2%1Y63.4%-0.3%2.5%株主還元を見る業界別リターン: NTN過去 1 年間で-0.3 % の収益を上げたGerman Machinery業界を上回りました。リターン対市場: NTN過去 1 年間で2.5 % の収益を上げたGerman市場を上回りました。価格変動Is NTN's price volatile compared to industry and market?NTN volatilityNTN Average Weekly Movement8.6%Machinery Industry Average Movement5.2%Market Average Movement6.1%10% most volatile stocks in DE Market13.6%10% least volatile stocks in DE Market2.7%安定した株価: NTN 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: NTNの 週次ボラティリティ ( 9% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト191821,305Eiichi Ukaiwww.ntn.co.jpNTN株式会社は、子会社とともに、軸受、ドライブシャフト、精密機器等の製造・販売を国内及び海外で行っている。玉軸受、ころ軸受、ラジアル・スラスト玉軸受、ラジアル・スラストころ軸受、特殊用途軸受、直線運動軸受などの転がり軸受、プランマブロック、ベアリングユニット、すべり軸受、等速ジョイント、オートテンショナ、クラッチ、電動機・アクチュエータ、センサ関連製品、パーツフィーダ、電気機械式ブレーキシステム、状態監視システム、複合材料製品、発電機などを提供している。また、アフターマーケット部品やメンテナンスサービスも提供している。自動車・二輪車、電気自動車、鉄道車両、風力発電機、建設・鉱山機械、農業機械、事務機器、製鉄機械、食品機械、工作機械、製紙機械、食品機械、航空宇宙、医療機器、精密機器、ロボット、電気機械、真空・クリーン、ギアボックス、グリーンエネルギー製品などの市場に製品を提供している。NTN株式会社は1918年に設立され、大阪に本社を置く。もっと見るNTN Corporation 基礎のまとめNTN の収益と売上を時価総額と比較するとどうか。NTN 基礎統計学時価総額€1.29b収益（TTM）€69.68m売上高(TTM)€4.47b18.6xPER（株価収益率0.3xP/SレシオNTN は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計NTN 損益計算書（TTM）収益JP¥826.34b売上原価JP¥674.57b売上総利益JP¥151.78bその他の費用JP¥138.90b収益JP¥12.87b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）21.65グロス・マージン18.37%純利益率1.56%有利子負債／自己資本比率102.5%NTN の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.2%現在の配当利回り47%配当性向NTN 配当は確実ですか？NTN 配当履歴とベンチマークを見るNTN 、いつまでに購入すれば配当金を受け取れますか？NTN 配当日配当落ち日Mar 30 2026配当支払日Jun 25 2026配当落ちまでの日数54 days配当支払日までの日数33 daysNTN 配当は確実ですか？NTN 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 06:06終値2026/05/22 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋NTN Corporation 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。15 アナリスト機関Tsutomu KijimaBarclaysHideyuki MizunoBofA Global ResearchHisanori ShimoiCitigroup Inc12 その他のアナリストを表示
Board Change • May 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Etsu Harima was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 14+ 1 more updateNTN Corporation (TSE:6472) signed a memorandum of understanding to acquire NSK Ltd. (TSE:6471).NTN Corporation (TSE:6472) signed a memorandum of understanding to acquire NSK Ltd. (TSE:6471) on May 12, 2026. The consideration consists of common equity of NTN Corporation to be issued for common equity of NSK Ltd. As part of consideration, an undisclosed value is paid towards common equity of NSK Ltd. The transaction is subject to approval of offer by acquirer shareholders and approval of offer by target shareholders. The expected completion of the transaction is October 1, 2027 to October 31, 2027.
お知らせ • May 09NTN Corporation to Report Fiscal Year 2026 Results on May 14, 2026NTN Corporation announced that they will report fiscal year 2026 results on May 14, 2026
お知らせ • Nov 29NTN Corporation to Report Q3, 2026 Results on Feb 03, 2026NTN Corporation announced that they will report Q3, 2026 results on Feb 03, 2026
お知らせ • Sep 01NTN Corporation to Report Q2, 2026 Results on Oct 31, 2025NTN Corporation announced that they will report Q2, 2026 results on Oct 31, 2025
お知らせ • Jun 27NTN Corporation to Report Q1, 2026 Results on Aug 04, 2025NTN Corporation announced that they will report Q1, 2026 results on Aug 04, 2025
Board Change • May 20High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director Etsu Harima was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • May 14+ 1 more updateNTN Corporation (TSE:6472) signed a memorandum of understanding to acquire NSK Ltd. (TSE:6471).NTN Corporation (TSE:6472) signed a memorandum of understanding to acquire NSK Ltd. (TSE:6471) on May 12, 2026. The consideration consists of common equity of NTN Corporation to be issued for common equity of NSK Ltd. As part of consideration, an undisclosed value is paid towards common equity of NSK Ltd. The transaction is subject to approval of offer by acquirer shareholders and approval of offer by target shareholders. The expected completion of the transaction is October 1, 2027 to October 31, 2027.
お知らせ • May 09NTN Corporation to Report Fiscal Year 2026 Results on May 14, 2026NTN Corporation announced that they will report fiscal year 2026 results on May 14, 2026
お知らせ • Nov 29NTN Corporation to Report Q3, 2026 Results on Feb 03, 2026NTN Corporation announced that they will report Q3, 2026 results on Feb 03, 2026
お知らせ • Sep 01NTN Corporation to Report Q2, 2026 Results on Oct 31, 2025NTN Corporation announced that they will report Q2, 2026 results on Oct 31, 2025
お知らせ • Jun 27NTN Corporation to Report Q1, 2026 Results on Aug 04, 2025NTN Corporation announced that they will report Q1, 2026 results on Aug 04, 2025
お知らせ • May 15NTN Corporation, Annual General Meeting, Jun 25, 2025NTN Corporation, Annual General Meeting, Jun 25, 2025.
お知らせ • Mar 01NTN Corporation to Report Fiscal Year 2025 Results on May 14, 2025NTN Corporation announced that they will report fiscal year 2025 results on May 14, 2025
お知らせ • Nov 06NTN Corporation to Report Q3, 2025 Results on Feb 04, 2025NTN Corporation announced that they will report Q3, 2025 results on Feb 04, 2025
Reported Earnings • Nov 01Second quarter 2025 earnings released: JP¥4.33 loss per share (vs JP¥4.68 profit in 2Q 2024)Second quarter 2025 results: JP¥4.33 loss per share (down from JP¥4.68 profit in 2Q 2024). Revenue: JP¥203.1b (down 2.7% from 2Q 2024). Net loss: JP¥2.30b (down 192% from profit in 2Q 2024). Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
お知らせ • Sep 27NTN Corporation to Report Q2, 2025 Results on Oct 31, 2024NTN Corporation announced that they will report Q2, 2025 results on Oct 31, 2024
Upcoming Dividend • Sep 20Upcoming dividend of JP¥5.50 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 4.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.5%).
New Risk • Aug 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% 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. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin).
Reported Earnings • Aug 04First quarter 2025 earnings released: EPS: JP¥0.32 (vs JP¥3.09 in 1Q 2024)First quarter 2025 results: EPS: JP¥0.32 (down from JP¥3.09 in 1Q 2024). Revenue: JP¥210.8b (up 5.0% from 1Q 2024). Net income: JP¥170.0m (down 90% from 1Q 2024). Profit margin: 0.1% (down from 0.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Declared Dividend • Jul 11Final dividend of JP¥5.50 announcedShareholders will receive a dividend of JP¥5.50. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 307%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 92% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • May 16Full year 2024 earnings released: EPS: JP¥19.90 (vs JP¥19.53 in FY 2023)Full year 2024 results: EPS: JP¥19.90 (up from JP¥19.53 in FY 2023). Revenue: JP¥836.3b (up 8.1% from FY 2023). Net income: JP¥10.6b (up 1.9% from FY 2023). Profit margin: 1.3% (in line with FY 2023). Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
お知らせ • May 16NTN Corporation, Annual General Meeting, Jun 25, 2024NTN Corporation, Annual General Meeting, Jun 25, 2024.
Buy Or Sell Opportunity • Apr 26Now 21% undervaluedOver the last 90 days, the stock has risen 15% to €1.86. The fair value is estimated to be €2.36, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.8% in 2 years. Earnings are forecast to grow by 2.6% in the next 2 years.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (3.2%).
お知らせ • Mar 02NTN Corporation to Report Fiscal Year 2024 Results on May 14, 2024NTN Corporation announced that they will report fiscal year 2024 results on May 14, 2024
Reported Earnings • Feb 04Third quarter 2024 earnings released: EPS: JP¥6.70 (vs JP¥1.66 in 3Q 2023)Third quarter 2024 results: EPS: JP¥6.70 (up from JP¥1.66 in 3Q 2023). Revenue: JP¥210.9b (up 6.7% from 3Q 2023). Net income: JP¥3.56b (up 305% from 3Q 2023). Profit margin: 1.7% (up from 0.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
お知らせ • Feb 02+ 1 more updateNTN Corporation Revises Consolidated Earning Guidance for the Fiscal Year Ending March 31, 2024NTN Corporation revised consolidated earning guidance for the fiscal year ending March 31, 2024. For the year, the company expects net sales of JPY 830,000 million, operating income of JPY 25,000 million, profit attributable to owners of parent of JPY 9,000 million and net income per share of JPY 16.95 against previous guidance of net sales of JPY 825,000 million, operating income of JPY 30,000 million, profit attributable to owners of parent of JPY 11,000 million and net income per share of JPY 20.72. Reasons for revision: The company expects that the net sales will exceed the previous forecast due to the impact of foreign exchange rates while the sales volume will decrease due to factors such as reduction in sales for industrial machinery market in addition to automotive market mainly in Japan, Europe and China, and effects of the earthquake which struck Noto Peninsula, Ishikawa, Japan. On the other hand, The company expects that operating income, ordinary income, and profit attributable to owners of parent will be below the previous forecast due to the significant impact of the decrease in sales volume, despite the impact of foreign exchange rates. The company assume that the exchange rate to be USD 1 = JPY 140 and EUR 1= JPY 155 from the first quarter.
お知らせ • Nov 27NTN Corporation to Report Q3, 2024 Results on Feb 02, 2024NTN Corporation announced that they will report Q3, 2024 results on Feb 02, 2024
Reported Earnings • Nov 02Second quarter 2024 earnings released: EPS: JP¥4.68 (vs JP¥1.61 in 2Q 2023)Second quarter 2024 results: EPS: JP¥4.68 (up from JP¥1.61 in 2Q 2023). Revenue: JP¥208.9b (up 4.9% from 2Q 2023). Net income: JP¥2.48b (up 191% from 2Q 2023). Profit margin: 1.2% (up from 0.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 134% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Nov 01NTN Corporation Announces Dividend for the Second Quarter and Provides Dividend Guidance for the Year End of Fiscal Year Ending March 31, 2024NTN Corporation announced dividend for the second quarter and provided dividend guidance for the year end of fiscal year ending March 31, 2024. For the second quarter, company announced dividend of JPY 5.00 per share against JPY 2.50 per share a year ago. Payment date is December 1, 2023. For the year end. the company expects dividend of JPY 5.00 per share against JPY 2.50 per share a year ago.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥5.00 per share at 3.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.8%).
お知らせ • Aug 27NTN Corporation to Report Q2, 2024 Results on Oct 31, 2023NTN Corporation announced that they will report Q2, 2024 results on Oct 31, 2023
Reported Earnings • Aug 03First quarter 2024 earnings released: EPS: JP¥3.09 (vs JP¥4.69 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥3.09 (up from JP¥4.69 loss in 1Q 2023). Revenue: JP¥200.8b (up 16% from 1Q 2023). Net income: JP¥1.64b (up JP¥4.13b from 1Q 2023). Profit margin: 0.8% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 132% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
お知らせ • May 31NTN Corporation to Report Q1, 2024 Results on Aug 02, 2023NTN Corporation announced that they will report Q1, 2024 results on Aug 02, 2023
Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥19.53 (vs JP¥13.83 in FY 2022)Full year 2023 results: EPS: JP¥19.53 (up from JP¥13.83 in FY 2022). Revenue: JP¥774.0b (up 21% from FY 2022). Net income: JP¥10.4b (up 41% from FY 2022). Profit margin: 1.3% (up from 1.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 16Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to €1.93, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Machinery industry in Germany. Total returns to shareholders of 9.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.36 per share.
お知らせ • May 13+ 2 more updatesNTN Corporation, Annual General Meeting, Jun 27, 2023NTN Corporation, Annual General Meeting, Jun 27, 2023.
Valuation Update With 7 Day Price Move • Feb 09Investor sentiment improves as stock rises 18%After last week's 18% share price gain to €2.16, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Machinery industry in Germany. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.64 per share.
Reported Earnings • Feb 03Third quarter 2023 earnings released: EPS: JP¥1.66 (vs JP¥0.87 loss in 3Q 2022)Third quarter 2023 results: EPS: JP¥1.66 (up from JP¥0.87 loss in 3Q 2022). Revenue: JP¥197.7b (up 22% from 3Q 2022). Net income: JP¥879.0m (up JP¥1.34b from 3Q 2022). Profit margin: 0.4% (up from net loss in 3Q 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
お知らせ • Feb 03+ 1 more updateNTN Corporation Provides Earnings Guidance for the Year Ending March 31, 2023NTN Corporation provided consolidated earnings guidance for the year ending March 31, 2023. For the period, the company expects net sales of JPY 770,000 million, operating income of JPY 26,000 million, profit attributable to owners of parent of JPY 12,000 million and net income per share of JPY 22.60.
お知らせ • Nov 27NTN Corporation to Report Q3, 2023 Results on Feb 02, 2023NTN Corporation announced that they will report Q3, 2023 results on Feb 02, 2023
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Director, Exe. Officer and In charge of European & African, ESG, Legal, Trade, IC & General Affairs Masaaki Yamamoto was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 07Investor sentiment improved over the past weekAfter last week's 15% share price gain to €2.06, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.81 per share.
Reported Earnings • Nov 02Second quarter 2023 earnings released: EPS: JP¥1.61 (vs JP¥4.20 loss in 2Q 2022)Second quarter 2023 results: EPS: JP¥1.61 (up from JP¥4.20 loss in 2Q 2022). Revenue: JP¥199.1b (up 34% from 2Q 2022). Net income: JP¥854.0m (up JP¥3.09b from 2Q 2022). Profit margin: 0.4% (up from net loss in 2Q 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
お知らせ • Nov 01+ 1 more updateNTN Corporation Announces Dividend for the Second Quarter of Fiscal Year Ending March 31, 2023, Payable on December 1, 2022, and Provides Dividend Guidance for the Year Ending March 31, 2023NTN Corporation announced dividend for the second quarter of fiscal year ending March 31, 2023. For the Quarter End, Company announced dividend of JPY 2.50 per share against JPY 0.00 per share a year ago. Payment date is December 1, 2022. Company provided dividend guidance for the year ending March 31, 2023. For the period, the company expects dividend of JPY 2.50 per share against JPY 0.00 per share a year ago.
お知らせ • Aug 04NTN Corporation to Report Q2, 2023 Results on Oct 31, 2022NTN Corporation announced that they will report Q2, 2023 results on Oct 31, 2022
Reported Earnings • Aug 03First quarter 2023 earnings released: JP¥4.69 loss per share (vs JP¥2.23 profit in 1Q 2022)First quarter 2023 results: JP¥4.69 loss per share (down from JP¥2.23 profit in 1Q 2022). Revenue: JP¥172.6b (up 10% from 1Q 2022). Net loss: JP¥2.49b (down 310% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 9.8%, compared to a 9.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
お知らせ • Aug 03NTN Corporation Provides Consolidated Earnings Guidance for the First Half and Full Year for the Year Ending March 31, 2023NTN Corporation provided consolidated earnings guidance for the first half and full year for the year ending March 31, 2023. For the first half, company expects net sales to be JPY 350,000 million, operating income to be JPY 1,000 million, loss attributable to owners of parent to be JPY 3,500 million and net loss per share to be JPY 6.59.For the full year, company expects net sales to be JPY 720,000 million, operating income to be JPY 23,000 million, profit attributable to owners of parent to be JPY 10,000 million and net income per share to be JPY 18.84.
Reported Earnings • Jun 26Full year 2022 earnings releasedFull year 2022 results: Revenue: JP¥642.0b (up 14% from FY 2021). Net income: JP¥7.34b (up JP¥19.0b from FY 2021). Profit margin: 1.1% (up from net loss in FY 2021). Over the next year, revenue is forecast to grow 11%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
お知らせ • May 29NTN Corporation to Report Q1, 2023 Results on Jul 29, 2022NTN Corporation announced that they will report Q1, 2023 results on Jul 29, 2022
Valuation Update With 7 Day Price Move • May 21Investor sentiment improved over the past weekAfter last week's 19% share price gain to €1.90, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Machinery industry in Germany. Total loss to shareholders of 18% over the past three years.
Reported Earnings • May 15Full year 2022 earnings released: EPS: JP¥13.83 (vs JP¥21.92 loss in FY 2021)Full year 2022 results: EPS: JP¥13.83 (up from JP¥21.92 loss in FY 2021). Revenue: JP¥642.0b (up 14% from FY 2021). Net income: JP¥7.34b (up JP¥19.0b from FY 2021). Profit margin: 1.1% (up from net loss in FY 2021). Over the next year, revenue is forecast to grow 7.9%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
お知らせ • May 14+ 2 more updatesNTN Corporation Announces Unaudited Consolidated Earnings Results for the Year Ending March 31, 2023NTN Corporation announced unaudited consolidated earnings results for the year ending March 31, 2023. For the full year ending March 31, 2023, the company expects consolidated net sales of JPY 720,000 million, operating income of JPY 23,000 million, net income attributable to shareholder of the parent company of JPY 10,000 million and net income per share of JPY 18.84.
Board Change • Apr 27Less than half of directors are independentThere are 8 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Outside Director Tomonori Nishimura was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Apr 08NTN Corporation to Report Fiscal Year 2022 Results on May 13, 2022NTN Corporation announced that they will report fiscal year 2022 results on May 13, 2022
Reported Earnings • Feb 02Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2022 results: JP¥0.87 loss per share (down from JP¥2.13 profit in 3Q 2021). Revenue: JP¥162.3b (up 1.2% from 3Q 2021). Net loss: JP¥460.0m (down 141% from profit in 3Q 2021). Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 8.3%, compared to a 10.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Oct 30Second quarter 2022 earnings released: JP¥4.20 loss per share (vs JP¥4.31 loss in 2Q 2021)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: JP¥149.2b (up 1.3% from 2Q 2021). Net loss: JP¥2.23b (loss narrowed 2.4% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Reported Earnings • Aug 02First quarter 2022 earnings released: EPS JP¥2.23 (vs JP¥22.83 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥156.6b (up 70% from 1Q 2021). Net income: JP¥1.18b (up JP¥13.3b from 1Q 2021). Profit margin: 0.8% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 17Full year 2021 earnings released: JP¥21.92 loss per share (vs JP¥82.83 loss in FY 2020)The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: JP¥562.8b (down 14% from FY 2020). Net loss: JP¥11.6b (loss narrowed 74% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 04NTN Corporation to Report Fiscal Year 2021 Results on May 14, 2021NTN Corporation announced that they will report fiscal year 2021 results on May 14, 2021
Is New 90 Day High Low • Feb 18New 90-day high: €2.52The company is up 40% from its price of €1.80 on 19 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.17 per share.
Reported Earnings • Jan 30Third quarter 2021 earnings released: EPS JP¥2.13 (vs JP¥4.26 loss in 3Q 2020)The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JP¥160.3b (flat on 3Q 2020). Net income: JP¥1.13b (up JP¥3.39b from 3Q 2020). Profit margin: 0.7% (up from net loss in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance.
Analyst Estimate Surprise Post Earnings • Jan 30Revenue beats expectationsRevenue exceeded analyst estimates by 4.1%. Over the next year, revenue is forecast to grow 10%, compared to a 4.9% growth forecast for the Machinery industry in Germany.
Is New 90 Day High Low • Jan 21New 90-day high: €2.18The company is up 27% from its price of €1.71 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.28 per share.
Is New 90 Day High Low • Dec 04New 90-day high: €1.92The company is up 19% from its price of €1.61 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.41 per share.
お知らせ • Nov 29NTN Corporation to Report Q3, 2021 Results on Jan 28, 2021NTN Corporation announced that they will report Q3, 2021 results on Jan 28, 2021
Is New 90 Day High Low • Nov 16New 90-day high: €1.86The company is up 16% from its price of €1.61 on 18 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Machinery industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.47 per share.
Reported Earnings • Nov 07Second quarter 2021 earnings released: JP¥4.31 loss per shareThe company reported a poor second quarter result with increased losses and weaker revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥147.3b (down 9.5% from 2Q 2020). Net loss: JP¥2.29b (loss widened 81% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 112% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
Analyst Estimate Surprise Post Earnings • Nov 07Revenue misses expectationsRevenue missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 4.5% while the growth in Machinery industry in Germany is expected to stay flat.
Reported Earnings • Nov 01First half earnings releasedOver the last 12 months the company has reported total losses of JP¥59.5b, with losses widening by 325% from the prior year. Total revenue was JP¥556.2b over the last 12 months, down 20% from the prior year.
Analyst Estimate Surprise Post Earnings • Nov 01Semi-annual earnings released: Revenue misses expectationsSemi-annual revenue missed analyst estimates by 28% at JP¥239.2b. Revenue is forecast to grow 4.1% over the next year, while the growth in Machinery industry in Germany is expected to stay flat.
お知らせ • Aug 30NTN Corporation to Report Q2, 2021 Results on Oct 30, 2020NTN Corporation announced that they will report Q2, 2021 results on Oct 30, 2020
