Nifco Inc NIFCY

Consumer DiscretionaryAutomobiles & Auto PartsJapan

Last close 14.49 USD on Nov 1, 2026, +9.5% year to date

Quant rating

Quant rating A Rank 27 of 297 in Consumer Discretionary

Growth B 104 of 297
Valuation A 12 of 297
Quality C 166 of 297
Revisions A 33 of 297
Momentum A 43 of 297

Wall Street consensus Buy (2.12)Average target 18.05 USD +24.5%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Growth and profitability fiscal year ends March 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	2,222	2,354	2,456	2,423	2,333	–
Revenue growth	−5.6%	−4.1%	1.4%	3.9%	0.8%	−0.8%
EPS (basic, normalized)	1.14	1.56	0.59	0.78	0.88	–
EPS growth	−26.7%	165.2%	−24.6%	−11.5%	–	–
Gross margin	30.5%	30.4%	27.4%	26.7%	26.9%	28.4%
Net margin	9.7%	12.7%	4.9%	6.6%	8.1%	8.4%
ROE	11.9%	17.3%	7.8%	10.0%	12.3%	11.9%

Balance sheet, last quarter
Cash & short-term investments (mil)	813
Current ratio	5.00x
Long-term debt (mil)	155
Net debt (mil)	−720
Total equity (mil)	1,716
Net debt / equity	−0.42x
Net debt / EBITDA	−1.88x

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	2,222	−5.6%	0.9x	383	−9.1%	5.5x	1.14	−26.7%	12.7x
2027	2,354	+5.9%	0.9x	414	+8.1%	5.1x	1.29	+12.8%	11.3x
2028	2,456	+4.3%	0.9x	450	+8.7%	4.7x	1.47	+14.2%	9.9x
2029	2,560	+4.2%	0.8x	478	+6.2%	4.4x	1.62	+10.2%	8.9x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	2,354	+0.4%	+0.6%	−1.5%	1.29	+3.3%	+1.6%	−3.7%
2028	2,456	+0.3%	+0.5%	−1.5%	1.47	+1.9%	+1.8%	−0.6%
2029	2,560	+0.2%	+0.6%	–	1.62	+1.8%	+1.2%	–

Earnings surprises EPS beat in 1 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	97,860	86,139	90,059	87,822	89,018	85,541	87,572	89,219	90,318	90,888
Sales mean (mil)	95,308	84,600	87,555	85,776	89,032	86,913	88,726	87,931	89,085	90,116
Surprise	+2.7%	+1.8%	+2.9%	+2.4%	0.0%	−1.6%	−1.3%	+1.5%	+1.4%	+0.9%
EPS reported	−25.78	44.98	33.62	64.72	87.64	51.64	45.62	53.56	29.71	47.73
EPS mean	−11.80	38.24	37.98	42.25	39.92	48.00	47.25	45.42	46.75	53.03
Surprise	−118.5%	+17.6%	−11.5%	+53.2%	+119.6%	+7.6%	−3.4%	+17.9%	−36.5%	−10.0%

Peer comparison Automobiles & Auto Parts

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
NIFCY Nifco Inc	2.8B	−1.88x	9.7%	1.55x	11.3x	9.9x	5.1x	4.7x
MMTOY MITSUBISHI MOTORS CORPORATION	3.2B	0.93x	0.3%	0.50x	136.4x	88.9x	3.9x	3.6x
NPSKY NSK Ltd.	3.2B	–	2.5%	0.72x	–	–	–	–
TYRRY Toyo Tire Corporation	3.2B	−0.36x	10.7%	1.13x	9.7x	8.4x	3.4x	3.2x
VLEEY Valeo SE	3.1B	–	1.0%	0.78x	–	–	–	–
VGNT Versigent PLC	2.9B	–	6.0%	34.21x	5.6x	5.3x	4.8x	4.5x
Mean		−0.44x	5.0%	6.48x	40.7x	28.1x	4.3x	4.0x
Median		−0.36x	4.2%	0.96x	10.5x	9.1x	4.4x	4.0x

Technical analysis

1M+9.5%
3M+9.5%
1Y+9.5%
3Y+9.2%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Nifco Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	2,222	2,354	2,456	2,423	2,333	2,313
Cost of revenue	1,545	1,639	1,784	1,777	1,705	1,673
Gross profit	677	715	672	646	628	640
Selling, general & administrative expenses	342	353	347	350	345	353
Research & development	13.4	13.4	12.8	14.8	9.9	10.2
Depreciation/amortization	18.7	20.1	22.3	22.5	23.7	26.5
Interest expense (income), operating	–	–	–	–	–	–
Unusual expense (income)	6.0	−4.0	123	12.3	−5.0	21.6
Other operating expenses	0	0	0	0	0	0
Operating income	297	332	168	247	254	229
Net interest income (expense)	19.3	27.4	33.3	17.5	23.1	4.9
Gain (loss) on sale of assets	6.1	−0.9	−0.6	−0.6	−4.9	−0.4
Other non-operating income (expense)	1.4	3.6	4.3	4.6	1.1	12.0
Net income before taxes	324	362	205	269	274	245
Provision for taxes	102	56.8	77.3	102	78.3	73.6
Minority interest	−6.9	−6.9	−6.8	−7.2	−6.7	−5.2
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	215	299	121	159	189	166
Extraordinary items	–	–	–	–	–	–
Net income	215	299	121	159	189	166
EBIT, normalized	303	328	290	259	249	250
EBITDA, normalized	382	415	387	365	357	376
Basic EPS, normalized	1.14	1.56	0.59	0.78	0.88	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Nifco Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	945	984	997	983	935	882
Receivables	379	402	450	469	476	491
Total inventory	269	262	270	310	323	263
Prepaid expenses	–	–	–	–	–	–
Other current assets	82.8	82.8	65.1	73.4	70.2	65.4
Total current assets	1,676	1,731	1,783	1,835	1,805	1,701
Property, plant & equipment	728	718	641	790	849	979
Goodwill	–	–	–	3.5	6.0	9.3
Intangibles	12.8	14.6	9.3	10.7	11.2	13.5
Long-term investments	2.7	4.6	31.5	25.0	27.6	29.6
Note receivable	–	–	–	–	–	–
Other long-term assets	60.4	64.6	49.4	40.3	38.9	41.7
Total assets	2,480	2,533	2,514	2,705	2,738	2,774
Liabilities
Accounts payable	138	175	176	189	183	189
Payable/accrued	–	–	–	–	–	–
Accrued expenses	23.7	23.5	19.3	19.0	18.3	17.9
Short-term debt	0	1.3	36.5	67.0	92.7	79.2
Current portion of long-term debt	13.2	78.0	80.2	92.4	38.8	19.9
Other current liabilities	185	170	244	173	175	189
Total current liabilities	360	448	556	540	508	495
Long-term debt	174	179	258	378	486	569
Minority interest	19.6	25.1	22.2	19.4	22.2	19.7
Other liabilities	58.0	46.4	67.4	83.7	93.2	96.0
Total liabilities	612	699	904	1,021	1,109	1,180
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	45.9	48.6	48.2	54.9	59.9	65.9
Additional paid-in capital	–	–	–	105	114	124
Retained earnings (accumulated deficit)	1,761	1,690	1,423	1,570	1,591	1,594
Treasury stock	−176	−124	−23.8	−148	−154	−126
Other equity	237	219	163	102	18.3	−63.8
Total equity	1,868	1,834	1,611	1,683	1,629	1,594
Total liabilities & shareholders' equity	2,480	2,533	2,514	2,705	2,738	2,774

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Nifco Inc, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	324	362	205	269	274	245
Depreciation, depletion & amortization	79.2	86.7	96.6	106	108	125
Deferred taxes	–	–	–	–	–	–
Non-cash items	−20.5	−27.2	96.6	−0.4	−20.6	16.7
Changes in working capital	−85.1	−60.3	−85.6	−93.7	−100	−26.5
Cash from operations	297	362	312	281	261	361
Investing activities
Capital expenditures	−120	−121	−58.2	−64.8	−79.0	−136
Other investing cash flows	5.6	−38.1	4.4	−22.0	1.1	22.8
Cash from investing	−114	−159	−53.8	−86.8	−77.9	−114
Financing activities
Financing cash flow items	−10.3	−5.0	−1.9	−9.5	−3.9	−4.4
Cash dividends paid	−48.0	−44.0	−43.1	−47.0	−49.3	−51.7
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−139	−185	−127	−74.7	−57.9	−127
Cash from financing	−198	−234	−172	−131	−111	−183
Foreign exchange effects	18.2	26.0	44.2	29.6	45.2	1.0
Net change in cash	3.5	−6.2	131	92.2	117	65.0
Free cash flow	177	240	254	216	182	224

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.