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Diversified Japanese group spanning automotive brake components, wireless/electronic devices, chemicals and precision instruments, rooted in textiles.
Diversified Japanese group spanning automotive brake components, wireless/electronic devices, chemicals and precision instruments, rooted in textiles.
A holding company with units in brakes, electronics, chemicals and instruments, rooted in textiles. Brakes, through the European TMD Friction, are the largest unit. In electronics, it combined with Ricoh Electronic Devices in 2022.
In one line: A diversified industrial conglomerate that started in cotton spinning, like a mini Honeywe.
Moat: none (scale, process know-how). A holding company of niche manufacturing businesses; each competes in fragmented industrial/auto-parts markets.
Headquarters: Tokyo, Japan · Founded: 1907 · Employees: 17,811
Size Nisshinbo (3105.T) is a Japan Industrials company (Trucks/Construction/Farm Machinery) with a market value of $1.87B, the 506th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,877 on 6 Nov 2026.
Performance Over six months the shares fell 9.0%, against -12.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 2.1% over the last twelve months (peer median +12.8%); the operating margin is 7.4% (peer median 6.7%).
Valuation It trades at 11.5× forward earnings against a peer median of 11.0× (8th most expensive of 18).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.1 points below its cost of capital (8.8% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥520B | ¥502B | ¥495B | ¥541B | ¥516B |
| Revenue growth | — | +2% | -9% | +5% | — |
| Gross profit | ¥127B | ¥128B | ¥120B | ¥129B | ¥124B |
| EBITDA | ¥68.4B | ¥56.9B | ¥42.9B | ¥38.7B | ¥41.3B |
| Net income | ¥24.0B | ¥13.9B | ¥10.3B | -¥20.0B | ¥19.7B |
| Free cash flow | n/a | ¥32.5B | ¥3.52B | -¥1.78B | -¥2.81B |
| Capital expenditure | n/a | ¥16.8B | ¥24.8B | ¥25.3B | ¥22.4B |
| Total debt | ¥127B | ¥180B | ¥218B | ¥217B | ¥147B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Nisshinbo 3105.T | $1.87B | -9% | +2% | 7% | 11.5× | 3.6% |
| Murata Manufacturing 6981.T | $57.1B | -5% | +15% | 20% | 23.0× | 29.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 3105.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -32.5% | -2.9% | lowest of 21 |
| 6-month return | -9.0% | -12.7% | 8th highest of 21 |
| Distance from 52-week high | -33.8% | -31.8% | 10th lowest of 21 |
| Revenue growth (TTM) | +2.1% | +12.8% | 3rd lowest of 21 |
| Operating margin | 7.4% | 6.7% | 9th highest of 21 |
| Forward P/E | 11.5× | 11.0× | 8th most expensive of 18 |
| Growth the price implies (Req g, 7 yrs) | 3.6% | 3.1% | 9th least demanding of 17 |
| Growth delivered (Del g) | +1.9% | +7.9% | 3rd lowest of 17 |
| Hurdle (Req g minus delivered) | +1.7 pp | -6.8 pp | 6th most demanding of 17 |
| ROIC minus cost of capital | -3.1 pp | -0.4 pp | 7th lowest of 21 |
| EV / EBITDA | 6.0× | 7.5× | 3rd cheapest of 9 |
| Net debt / EBITDA | 1.2× | 0.8× | 3rd most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nisshinbo 3105.T | Japan | $1.87B | -9% | +2% | 7% | 11.5× | 3.6% | +1.9% |
| Beijing Jiuzhouyigui Environmental Technology 688485.SS | China | $1.91B | +29% | +9% | 2% | n/a | n/a | n/a |
| First Tractor 0038.HK | Hong Kong | $1.93B | -12% | +18% | 6% | 8.5× | -1.8% | +6.7% |
| Mitsui ES 7003.T | Japan | $1.98B | -45% | +12% | 11% | 8.7× | 16.0% | -11.3% |
| Deutz DEZ.DE | Germany | $1.74B | -13% | +11% | 5% | 11.4× | 19.8% | +9.5% |
| BEML BEML.NS | India | $1.72B | -2% | +13% | 6% | 39.1× | n/a | n/a |
| Xiangyang Changyuandonggu Industry 603950.SS | China | $1.72B | -36% | -8% | 17% | 22.8× | 22.1% | +6.1% |
| JiangSu Changling Hydraulic 605389.SS | China | $1.72B | -32% | +19% | 12% | n/a | 36.1% | +4.4% |
| CoCreation Grass 605099.SS | China | $1.72B | -41% | +10% | 21% | 15.4× | 2.2% | +12.3% |
| Wacker Neuson WAC.DE | Germany | $1.71B | +20% | +14% | 7% | 13.4× | 1.5% | +6.6% |
| Shantui Construction Machinery 000680.SZ | China | $2.06B | -22% | +14% | 10% | 9.8× | -4.4% | +15.6% |
| Anhui Heli 600761.SS | China | $2.06B | -14% | +13% | 7% | 10.9× | -6.7% | +9.2% |
| NFI NFI.TO | Canada | $2.06B | +13% | +15% | 2% | 11.0× | 12.0% | +9.3% |
| CIMC Vehicles (Group) 301039.SZ | China | $2.07B | -18% | +6% | 4% | 16.6× | -4.3% | -5.2% |
| Alamo ALG | United States | $1.63B | -18% | +2% | 7% | 11.6× | 7.0% | +6.6% |
| Namura Shipbuilding 7014.T | Japan | $1.62B | -9% | +7% | 19% | 9.9× | -3.1% | +10.1% |
| Sumec 600710.SS | China | $2.18B | -9% | +14% | 4% | 9.8× | -17.2% | +3.6% |
| Takeuchi Mfg.Co 6432.T | Japan | $2.21B | +4% | +12% | 16% | 10.6× | 4.0% | +14.9% |
| Lonking 3339.HK | Hong Kong | $1.57B | -14% | +22% | 12% | 7.0× | n/a | n/a |
| ZHEJIANG ZHONGJIAN TECHNOLOGY 002779.SZ | China | $2.26B | +2% | +28% | -17% | 150.7× | n/a | n/a |
| Swan Defence and Heavy Industries SWANDEF.NS | India | $1.54B | +48% | +642% | -109% | n/a | 57.1% | +113.9% |