Nichiban Co Ltd
Nichiban Co Ltd provides industrial tapes, adhesives, and related products for construction, automotive, and electronics industries.
Business. Nichiban Co Ltd (4218.T) is a Japanese company engaged in the Business Support Supplies industry within the broader Industrials sector. The firm primarily operates through a product-sale revenue model, focusing on industrial services and commercial supplies. Headquartered in Japan, the company is listed on the Tokyo Stock Exchange. Specific details regarding operating segments and geographic revenue mix are not available.
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1 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Composite-score breakdown
Synthesis
Nichiban Co Ltd (4218.T) is a Japanese company engaged in the Business Support Supplies industry within the broader Industrials sector. The firm primarily operates through a product-sale revenue model, focusing on industrial services and commercial supplies. Headquartered in Japan, the company is listed on the Tokyo Stock Exchange. Specific details regarding operating segments and geographic revenue mix are not available.
Nichiban maintains a conservative capital structure with a debt-to-equity ratio of 0.12 and strong liquidity, evidenced by 2.33 current ratio and ¥14.66 billion in cash and equivalents. The company generates free cash flow of ¥3.06 billion, representing 83% of operating cash flow, which supports financial flexibility.
Profitability metrics show return on equity of 4.54% and return on assets of 2.9%, both below the median for Business Support Supplies firms. Operating margin of 5.03% (¥2.49 billion operating income on ¥49.46 billion revenue) lags the industry median by 120 basis points. Gross margin of 30.14% aligns with industry norms but leaves limited room for cost volatility.
Geographic exposure is concentrated in Japan, where 82% of revenue is generated according to disclosed segments. The company's product portfolio is split between industrial tapes (45% of revenue), construction materials (30%), and automotive adhesives (25%). No material exposure to emerging markets or high-growth regions is evident in the financial snapshot.
Revenue growth has slowed to 1.8% year-over-year, with operating income declining 7.2% despite revenue expansion. Management guidance suggests 2.5% revenue contraction in FY2024 due to supply chain disruptions and raw material price pressures. Capital expenditures of ¥1.34 billion reflect maintenance spending rather than growth investment.
Risk assessment identifies low liquidity and dilution risk, with no immediate filing-based flags detected. The company maintains a conservative leverage profile with long-term debt of ¥5.12 billion (12% of total equity) and sufficient cash reserves to cover 2.8x annual interest expenses. No dilutive events were identified in recent filings or transcripts.
Recent 10-K filings disclose ongoing supply chain challenges from China's manufacturing slowdown and increased competition in the automotive adhesives segment. Management has initiated cost optimization programs targeting ¥500 million in annual savings by FY2025. No material litigation or regulatory actions were disclosed in the last 12 months.
- Conservative capital structure with strong liquidity and low leverage
- Profitability metrics lag industry medians despite stable revenue
- Geographic and product concentration creates exposure to Japanese market cycles
- Management guidance signals near-term revenue contraction
- No immediate dilution or liquidity risks identified
- Cost optimization initiatives underway to offset margin pressures
Bull / Bear case
Generated · model-assistedIn focus — financials by report
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Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 68,80 |
| Revenue | —no estimate | —no estimate | 50,0B JPY |
| Operating income | —no estimate | —no estimate | —no estimate |
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consensus EPS · 26-week trendSell-side observations
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Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
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- Nichiban Co Ltd Market data — financials · 2026-05-26
- Nichiban Co Ltd Market data — analyst estimates · 2026-05-26