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Employees: 1,050
Size Nichiden (9902.T) is a Japan Industrials company (Wholesale Distributors) with a market value of $532M, the 1035th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,841 on 6 Nov 2026.
Performance Over six months the shares gained 21.6%, against -4.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 9.0% over the last twelve months (peer median +6.8%); the operating margin is 5.0% (peer median 4.0%).
Valuation It trades at 0.5× enterprise value to sales against a peer median of 1.2× (5th cheapest of 21).
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 0.8 points above its cost of capital (5.0% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥148B | ¥141B | ¥135B | ¥127B | ¥132B |
| Revenue growth | — | +5% | +6% | -4% | — |
| Gross profit | ¥22.6B | ¥20.4B | ¥19.4B | ¥17.8B | ¥18.0B |
| EBITDA | ¥8.84B | ¥8.11B | ¥8.32B | ¥7.08B | ¥7.89B |
| Net income | ¥5.79B | ¥5.11B | ¥4.89B | ¥4.67B | ¥4.97B |
| Free cash flow | n/a | ¥1.48B | ¥2.06B | ¥3.36B | ¥620M |
| Capital expenditure | n/a | ¥3.01B | ¥2.69B | ¥1.99B | ¥1.56B |
| Total debt | ¥10.3B | ¥4.39B | ¥4.76B | ¥5.00B | ¥5.33B |
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.
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 | 9902.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -12.3% | -6.1% | 7th lowest of 21 |
| 6-month return | +21.6% | -4.3% | 2nd highest of 20 |
| Distance from 52-week high | -14.6% | -25.8% | 4th highest of 21 |
| Revenue growth (TTM) | +9.0% | +6.8% | 10th highest of 21 |
| Operating margin | 5.0% | 4.0% | 10th highest of 21 |
| EV / Sales | 0.5× | 1.2× | 5th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -3.8% | 1.6% | 3rd least demanding of 15 |
| Growth delivered (Del g) | +6.5% | +7.1% | 8th highest of 15 |
| Hurdle (Req g minus delivered) | -10.4 pp | -0.2 pp | 5th least demanding of 15 |
| ROIC minus cost of capital | +0.8 pp | -1.0 pp | 9th highest of 21 |
| EV / EBITDA | 8.6× | 10.6× | 3rd cheapest of 10 |
| Net debt / EBITDA | -0.8× | 2.1× | 4th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nichiden 9902.T | Japan | $532M | +22% | +9% | 5% | 0.5× | -3.8% | +6.5% |
| Kunshan TopA Intelligent Equipment 300836.SZ | China | $534M | -36% | +111% | 10% | 3.5× | n/a | n/a |
| Grand Industrial 000626.SZ | China | $536M | -24% | -7% | 0% | 0.1× | n/a | n/a |
| Gansu Engineering Consulting 000779.SZ | China | $539M | -11% | +6% | 4% | 0.9× | -2.8% | -3.7% |
| China National Complete Plant Import & Export 000151.SZ | China | $524M | -16% | +16% | 1% | 2.3× | n/a | n/a |
| Doright 300950.SZ | China | $522M | -24% | +9% | 7% | 6.7× | 37.0% | +17.4% |
| Titan Machinery TITN | United States | $521M | +3% | -11% | 0% | 0.6× | -11.7% | +11.5% |
| Salix SALIX.ST | Sweden | $521M | n/a | +15% | 8% | 1.8× | 1.1% | +14.7% |
| Shanghai Material Trading 600822.SS | China | $548M | -12% | -47% | -1% | 1.9× | 31.1% | -26.6% |
| ACG Metals ACG.L | United Kingdom | $548M | +15% | +16% | 44% | 4.5× | n/a | n/a |
| Zhejiang Jindao Technology 301279.SZ | China | $516M | -9% | +12% | 10% | 4.2× | n/a | n/a |
| Xinjiang Hongtong Natural Gas 605169.SS | China | $514M | -4% | -5% | 6% | 1.0× | 6.6% | +31.5% |
| Zheshang Development 000906.SZ | China | $554M | -18% | +13% | 0% | 0.1× | n/a | n/a |
| National Petroleum 9937.TW | Taiwan | $508M | -4% | -3% | 4% | 0.8× | -0.2% | +4.2% |
| Soft99 4464.T | Japan | $562M | +11% | +5% | 14% | 2.0× | 1.9% | +3.1% |
| Wajax WJX.TO | Canada | $503M | +11% | -4% | 6% | 0.6× | -6.8% | +8.6% |
| Gifore Agricultural Science & Technology Service 300022.SZ | China | $571M | -21% | +8% | 0% | 1.5× | 39.8% | +2.1% |
| Vulcan Steel VSL.AX | Australia | $573M | -1% | +15% | 6% | 1.3× | 16.3% | +8.0% |
| Jacquet Metals JCQ.PA | France | $493M | -4% | -2% | 3% | 0.4× | 1.4% | +6.2% |
| Shinsho 8075.T | Japan | $485M | +24% | +4% | 2% | 0.2× | -3.3% | -5.0% |
| Haypp HAYPP.ST | Sweden | $485M | +5% | +16% | 1% | 1.2× | 35.0% | +17.4% |