WATCH Nikkiso Co., Ltd. (6376.T)
Industrials · Specialty Industrial Machinery · JPX · Japan
43
Final Score
-326.6%
Margin of Safety
47
Quality Score
¥3,775
Current Price
¥246.7B
Market Cap
Key Metrics
Pe Ratio
14.64
Forward Pe
30.87
Pb Ratio
1.43
Ev Ebitda
10.84
Roe
10.9%
Gross Margin
30.0%
Operating Margin
8.5%
Net Margin
7.3%
Dividend Yield
159.0%
Debt To Equity
65.07
Current Ratio
2.02
Beta
0.47
📈 Trend Charts
Revenue Trend
EPS Trend
Net Income Trend
Free Cash Flow Trend
Intrinsic Value Estimates
Low
¥708
Base
¥885
High
¥1,062
⚠️ Value Trap Flags
- 🚩 {'flag': 'DEBT_OUTPACING_INCOME', 'severity': 'MED', 'evidence': 'Net debt growth (48.7%) outpacing operating income growth (-55.2%)'}
Pipeline Stage Details
Stage A — Hard Filters ✅
Pe Ratio
14.64
Eps Positive Years
4.00
Eps Lookback
4.00
Fcf Positive Years
3.00
Fcf Lookback
4.00
Debt To Equity
0.65
Current Ratio
2.02
Dilution Cagr
-0.00
Stage B — Quality Score: 47/100
Stage C — Cyclicality: MED
Normalized EPS
¥164.47
Stage F — Final Score Breakdown
| Component | Weighted Score |
|---|---|
| Valuation | 3.0 |
| Earnings Quality | 11.7 |
| Balance Sheet | 15.0 |
| Stability | 8.2 |
| Moat Proxies | 5.1 |
Top Drivers
- Reasonable P/E of 14.6x — below long-run market average (~15-17x), suggesting the stock is not overpriced.
- Conservative leverage: D/E ratio of 0.65x is well within Graham's maximum of 1.0x, reducing insolvency risk.
Top Risks
- ⚠️ [MED] Leverage risk: Net debt growth (48.7%) outpacing operating income growth (-55.2%). Growing debt with stagnant income can lead to financial distress.
- Moderate cyclicality (Operating margin stddev: 7.7%; Cyclical sector: Industrials) — earnings may fluctuate.
- Quality concern: Operating margin in structural decline
Financial History
| Year | Revenue | Gross Profit | Operating Income | Net Income | EPS |
|---|---|---|---|---|---|
| 2022 | ¥177.1B | ¥45.6B | ¥34.2B | ¥13.6B | ¥195.00 |
| 2023 | ¥192.6B | ¥51.0B | ¥5.9B | ¥9.1B | ¥136.91 |
| 2024 | ¥213.4B | ¥58.0B | ¥6.4B | ¥8.0B | ¥120.00 |
| 2025 | ¥215.6B | ¥65.0B | ¥15.3B | ¥13.7B | ¥205.96 |
Cash Flow History
| Year | Operating CF | CapEx | Free Cash Flow |
|---|---|---|---|
| 2021 | N/A | N/A | N/A |
| 2022 | ¥8.4B | ¥-7.7B | ¥658.0M |
| 2023 | ¥14.2B | ¥-9.4B | ¥4.8B |
| 2024 | ¥-6.6B | ¥-6.5B | ¥-13.1B |
| 2025 | ¥17.6B | ¥-7.1B | ¥10.5B |