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Maker of plastic fastening clips, latches and functional components for automotive interiors, sold globally.
Maker of plastic fastening clips, latches and functional components for automotive interiors, sold globally.
Sells small plastic parts in huge volumes to automakers and parts suppliers, designed in on specific models and supplied over the model's life. Automotive is the bulk, with a smaller part from non-auto products.
In one line: A Japanese TriMas/Illinois Tool Works niche fastener maker.
Moat: narrow (customer qualification, process know-how, scale). Deep global OEM design-in relationships for small but critical plastic fastening components.
Headquarters: Yokohama, Japan · Founded: 1967 · Employees: 8,886
Size Nifco (7988.T) is a Japan Materials company (Chemicals: Specialty) with a market value of $2.62B, the 400th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,886 on 6 Nov 2026.
Performance Over six months the shares gained 6.5%, against -14.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 4.4% over the last twelve months (peer median +8.3%); the operating margin is 13.6% (peer median 8.6%).
Valuation It trades at 11.7× forward earnings against a peer median of 17.7× (3rd cheapest 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 +7%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 9.8 points above its cost of capital (9.1% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥365B | ¥353B | ¥353B | ¥372B | ¥322B |
| Revenue growth | — | 0% | -5% | +15% | — |
| Gross profit | ¥111B | ¥107B | ¥107B | ¥100B | ¥84.6B |
| EBITDA | ¥62.8B | ¥60.6B | ¥62.2B | ¥58.5B | ¥48.5B |
| Net income | ¥32.8B | ¥34.1B | ¥44.8B | ¥18.3B | ¥21.2B |
| Free cash flow | n/a | ¥28.1B | ¥36.0B | ¥38.5B | ¥28.7B |
| Capital expenditure | n/a | ¥19.0B | ¥18.2B | ¥8.80B | ¥8.61B |
| Total debt | ¥35.2B | ¥29.8B | ¥38.8B | ¥56.7B | ¥71.3B |
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 |
|---|---|---|---|---|---|---|
| Nifco 7988.T | $2.62B | +6% | +4% | 14% | 11.7× | -3.5% |
| Illinois Tool Works ITW | $79.8B | +11% | +5% | 27% | 23.4× | 9.7% |
| TriMas TRS | $1.37B | -10% | -33% | 5% | 19.1× | n/a |
| SFS SFSN.SW | $6.68B | +15% | +2% | 12% | 19.8× | -2.1% |
| Sundram Fasteners SUNDRMFAST.NS | $2.40B | +24% | +17% | 12% | 31.6× | 28.4% |
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 | 7988.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.1% | -6.8% | 6th highest of 21 |
| 6-month return | +6.5% | -14.0% | 4th highest of 21 |
| Distance from 52-week high | -12.2% | -34.8% | 3rd highest of 21 |
| Revenue growth (TTM) | +4.4% | +8.3% | 7th lowest of 21 |
| Operating margin | 13.6% | 8.6% | 6th highest of 20 |
| Forward P/E | 11.7× | 17.7× | 3rd cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -3.5% | 13.2% | 2nd least demanding of 13 |
| Growth delivered (Del g) | +6.6% | +8.3% | 4th lowest of 13 |
| Hurdle (Req g minus delivered) | -10.1 pp | +3.5 pp | 3rd least demanding of 13 |
| ROIC minus cost of capital | +9.8 pp | -1.8 pp | 2nd highest of 19 |
| EV / EBITDA | 5.1× | 9.5× | cheapest of 7 |
| Net debt / EBITDA | -1.5× | 1.7× | 2nd least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nifco 7988.T | Japan | $2.62B | +6% | +4% | 14% | 11.7× | -3.5% | +6.6% |
| China Petroleum Engineering 600339.SS | China | $2.60B | -24% | +8% | 1% | 26.7× | n/a | n/a |
| Guizhou Chanhen Chemical 002895.SZ | China | $2.64B | -20% | +15% | 18% | 12.9× | 2.4% | +36.1% |
| Quaker Houghton KWR | United States | $2.58B | +2% | +9% | 9% | 16.9× | 16.3% | +5.9% |
| Hubei Zhenhua Chemical 603067.SS | China | $2.56B | -35% | +31% | 11% | 23.6× | n/a | n/a |
| K+s SDF.DE | Germany | $2.68B | -13% | +6% | 34% | 11.7× | n/a | n/a |
| Kemira KEMIRA.HE | Finland | $2.55B | -8% | -3% | 8% | 16.0× | 3.9% | +2.6% |
| Bloomage Biotechnology 688363.SS | China | $2.49B | -16% | -22% | 5% | 55.6× | 20.8% | +9.8% |
| Daicel 4202.T | Japan | $2.48B | +24% | +2% | 7% | 11.1× | 6.1% | +8.1% |
| PI Industries PIIND.NS | India | $2.79B | -44% | -15% | 13% | 22.7× | n/a | n/a |
| Shanghai Bairun Investment 002568.SZ | China | $2.82B | -8% | +8% | 28% | 24.2× | 14.5% | +8.8% |
| Shandong Dongyue Silicone Material 300821.SZ | China | $2.43B | -11% | +13% | 13% | n/a | 20.7% | +8.6% |
| Qingdao Gon Technology 002768.SZ | China | $2.83B | +48% | +15% | 7% | 17.7× | n/a | n/a |
| Shanghai Huayi 600623.SS | China | $2.41B | -24% | +5% | n/a | 14.8× | -11.1% | +10.3% |
| Beijing Easpring Material Technology 300073.SZ | China | $2.86B | -45% | +116% | 5% | 18.8× | n/a | n/a |
| Sichuan Qiaoyuan Gas 301286.SZ | China | $2.88B | -4% | +8% | 26% | 73.4× | 31.8% | +8.0% |
| Kaneka 4118.T | Japan | $2.30B | +23% | +4% | 5% | 11.6× | 4.9% | +7.0% |
| XTC New Energy Materials (Xiamen) 688778.SS | China | $3.01B | -52% | +78% | 4% | 19.2× | 16.0% | +20.0% |
| Sinochem International 600500.SS | China | $2.27B | -7% | -5% | -1% | n/a | 11.9% | -2.7% |
| Tinergy Chemical 002145.SZ | China | $2.23B | -15% | +17% | 9% | n/a | n/a | n/a |
| Deepak Nitrite DEEPAKNTR.NS | India | $2.22B | -17% | +25% | 14% | 16.5× | n/a | n/a |