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Maker of automotive instrument clusters, meters and head-up displays for global automakers.
Maker of automotive instrument clusters, meters and head-up displays for global automakers.
Wins a place in an automaker's vehicle program years before launch and then supplies the instrument cluster for that model's whole production run, so orders follow the volumes of a few customers. Honda is the largest, with motorcycle makers another significant group. The shift from analog gauges to digital screens and head-up displays is a lasting change in its mix.
In one line: A Japanese Continental/Visteon for cockpit displays.
Moat: narrow (customer qualification, process know-how, IP / patents). Long OEM design-in cycles for cockpit display electronics with high switching costs.
Headquarters: Niigata, Japan · Founded: 1946 · Employees: 13,246
Size Nippon Seiki (7287.T) is a Japan Consumer Discretionary company (Auto Parts: OEM) with a market value of $800M, the 841st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,179 on 6 Nov 2026.
Performance Over six months the shares fell 14.5%, against -20.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 5.9% over the last twelve months (peer median +3.5%); the operating margin is 3.8% (peer median 5.6%).
Valuation It trades at 11.9× forward earnings against a peer median of 15.2× (4th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.1 points below its cost of capital (11.4% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥335B | ¥328B | ¥316B | ¥312B | ¥276B |
| Revenue growth | — | +4% | +1% | +13% | — |
| Gross profit | ¥50.3B | ¥45.9B | ¥43.5B | ¥42.9B | ¥36.1B |
| EBITDA | ¥26.4B | ¥25.5B | ¥22.6B | ¥22.6B | ¥14.5B |
| Net income | ¥9.03B | ¥8.22B | ¥6.12B | ¥5.30B | ¥1.31B |
| Free cash flow | ¥20.7B | ¥25.6B | -¥1.85B | ¥13.2B | -¥27.6B |
| Capital expenditure | ¥15.2B | ¥14.9B | ¥17.1B | ¥11.5B | ¥9.55B |
| Total debt | ¥24.4B | ¥32.8B | ¥39.2B | ¥32.6B | ¥84.3B |
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 |
|---|---|---|---|---|---|---|
| Nippon Seiki 7287.T | $800M | -14% | +6% | 4% | 11.9× | -1.7% |
| Continental CON.DE | $15.8B | +2% | -35% | n/a | 12.1× | -0.2% |
| Denso 6902.T | $32.5B | -1% | +7% | 7% | 12.1× | 3.4% |
| Visteon VC | $1.87B | -34% | +2% | 5% | 8.0× | 5.3% |
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 | 7287.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.7% | -3.5% | 3rd lowest of 21 |
| 6-month return | -14.5% | -20.5% | 8th highest of 21 |
| Distance from 52-week high | -24.4% | -41.0% | 6th highest of 21 |
| Revenue growth (TTM) | +5.9% | +3.5% | 9th highest of 21 |
| Operating margin | 3.8% | 5.6% | 7th lowest of 21 |
| Forward P/E | 11.9× | 15.2× | 4th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | -1.7% | 13.4% | 2nd least demanding of 11 |
| Growth delivered (Del g) | +8.6% | +9.5% | 4th lowest of 11 |
| Hurdle (Req g minus delivered) | -10.3 pp | +7.1 pp | 3rd least demanding of 11 |
| ROIC minus cost of capital | -7.1 pp | -1.8 pp | 2nd lowest of 21 |
| EV / EBITDA | 3.8× | 8.0× | cheapest of 7 |
| Net debt / EBITDA | -1.1× | 1.5× | 2nd least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nippon Seiki 7287.T | Japan | $800M | -14% | +6% | 4% | 11.9× | -1.7% | +8.6% |
| Guangdong Hongtu Technology (Holdings) 002101.SZ | China | $805M | -19% | -1% | 2% | 12.7× | n/a | n/a |
| Wuhan Lincontrol Automotive Electronics 688667.SS | China | $809M | -31% | -19% | 12% | 33.1× | 26.5% | +9.4% |
| Jiangsu Pacific Precision Forging 300258.SZ | China | $789M | -20% | -8% | 2% | 225.2× | n/a | n/a |
| Chongqing Zhixin Industrial 603352.SS | China | $787M | -35% | +22% | 26% | n/a | n/a | n/a |
| Wuhu Atech Automotive 603293.SS | China | $819M | -39% | +4% | 7% | n/a | n/a | n/a |
| PWR PWH.AX | Australia | $776M | +24% | +31% | 16% | 46.9× | 41.7% | +16.6% |
| CIR S.p.A. - Compagnie Industriali Riunite CIR.MI | Italy | $776M | +12% | 0% | 6% | 13.4× | 2.3% | -0.2% |
| Aisan Industry 7283.T | Japan | $828M | +18% | +2% | 6% | 8.3× | n/a | n/a |
| Xinzhi 002664.SZ | China | $839M | -32% | +16% | 2% | 54.6× | n/a | n/a |
| Shanghai Baolong Automotive 603197.SS | China | $840M | -23% | +26% | 5% | 14.5× | n/a | n/a |
| Shenzhen Dawei Innovation Technology 002213.SZ | China | $756M | -44% | +12% | 3% | n/a | n/a | n/a |
| Wuxi Longsheng Technology 300680.SZ | China | $849M | -37% | +4% | 7% | 25.4× | 12.1% | +35.6% |
| Changchun Engley Automobile Industry 601279.SS | China | $752M | -21% | -15% | -6% | n/a | 7.1% | -2.9% |
| Nishikawa Rubber 5161.T | Japan | $852M | +15% | +3% | 8% | n/a | -2.9% | +8.8% |
| China Yuchai International CYD | United States | $750M | -57% | +21% | 4% | 5.6× | n/a | n/a |
| Fox Factory FOXF | United States | $748M | 0% | +2% | 5% | 15.2× | 14.6% | +10.5% |
| Musashi Seimitsu Industry 7220.T | Japan | $861M | -52% | +4% | 6% | 15.9× | 9.7% | +11.1% |
| Changchun FAWAY Group Automobile Components 600742.SS | China | $863M | -18% | -20% | 2% | 11.2× | n/a | n/a |
| Guizhou Guihang Automotive Components 600523.SS | China | $739M | -11% | +7% | 4% | n/a | 17.3% | +2.4% |
| Reach Machinery 301596.SZ | China | $733M | -8% | +16% | 14% | n/a | 32.5% | +9.5% |