Nichia Steel Works, Ltd.
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Nichia Steel Works, Ltd.'s yearly results (2023–2026), compared with Industrials companies in Japan. Tap ? on any ratio for what it means.
What stands out
- Steadiness Ratio: Sales grew in 1 of the last 3 years; profit grew in 0 of 3. Less steady than 98% of Industrials companies in Japan.
- Profit Cash Ratio: Over the last 3 years, every ¥100 of reported profit came with ¥252 of operating cash. Higher than 92% of Industrials companies in Japan.
- Cash Cushion Ratio: Cash, after subtracting all debt, equals 52% of its market value (net cash). Higher than 90% of Industrials companies in Japan.
Where ¥100 of sales goes
Latest year (Mar 2026). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
¥252Over the last 3 years, every ¥100 of reported profit came with ¥252 of operating cash.
Higher than 92% of Industrials companies in Japan.
Self-Funding Ratio
1.2×Over the last 3 years its own operating cash covered its investment spending (capex) 1.2 times.
Lower than 72% of Industrials companies in Japan.
Cash Locked Ratio
¥40For every ¥100 of sales, ¥40 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against ¥40 tied up three years earlier.
More money tied up than 81% of Industrials companies in Japan.
Growth quality
Steadiness Ratio
1/3 · 0/3Sales grew in 1 of the last 3 years; profit grew in 0 of 3.
Less steady than 98% of Industrials companies in Japan.
Growth Efficiency Ratio
—Sales barely changed
Sales changed by -1% in 3 years, too little to measure extra profit per extra sales.
Asset Productivity Ratio
-1% / +3%In 3 years sales changed by -1% while total assets changed by +3%. Both moved at about the same pace.
Balance-sheet strength
Debt Due Cover Ratio
1.4×Debt due within a year is covered 1.4 times by its yearly operating cash.
Higher than 54% of Industrials companies in Japan.
Cash Cushion Ratio
+52%Cash, after subtracting all debt, equals 52% of its market value (net cash).
Higher than 90% of Industrials companies in Japan.
Tangible Assets Ratio
98%Of every ¥100 the company owns, ¥98 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
Less tangible than 56% of Industrials companies in Japan.
Tangible Net Worth Ratio
98%Of every ¥100 of net worth, ¥98 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
More tangible than 52% of Industrials companies in Japan.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
Nichia Steel Works, Ltd. owes ¥0.22 for every ¥1 it owns. Net profit fell 5% in the year to Mar 2026, and shrank 9% a year on average over 3 years.
Compared with Industrials companies in Japan · latest annual results Mar 2026.
P/E ratio
14.6Investors pay ¥14.6 for every ¥1 of Nichia Steel Works, Ltd.'s yearly profit, higher than 62% of Industrials companies in Japan.
P/B ratio
0.33The share price is 0.33 times Nichia Steel Works, Ltd.'s book value per share, lower than 96% of Industrials companies in Japan.
Market cap
¥17.7 BThe total market value of all of Nichia Steel Works, Ltd.'s shares at today's price (share price × number of shares), smaller than 57% of Industrials companies in Japan. PosiCap size class: Mini Cap.
Net worth (book value)
¥53.4 BWhat Nichia Steel Works, Ltd. would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (31 Mar 2026).
Book value per share
¥1,192Net worth divided by the number of shares. The share price of ¥396.00 is 0.3 times this, which is the P/B above.
Return on equity (ROE)
2.7%Nichia Steel Works, Ltd. earned 2.7% on its shareholders' money over the last year, lower than 87% of Industrials companies in Japan.
Owes vs Owns
0.22×Nichia Steel Works, Ltd. owes ¥0.22 for every ¥1 it owns (low), lower than 87% of Industrials companies in Japan.
Dividend yield
2.51%Nichia Steel Works, Ltd. pays 2.51% of its share price as dividends a year, lower than 66% of dividend-paying Industrials companies in Japan.
Revenue growth
-1%Revenue fell 1% in the year to Mar 2026, and shrank 0% a year on average over 3 years.
Profit growth
-5%Net profit fell 5% in the year to Mar 2026, and shrank 9% a year on average over 3 years.
Profit margin
3.0%Nichia Steel Works, Ltd. keeps ¥3 of every ¥100 of revenue as net profit.
Cash quality
3.0×Cash from Nichia Steel Works, Ltd.'s business was 3.0× its reported profit in the year to Mar 2026 — its profit turned into cash.
Interest cover
65.7×Nichia Steel Works, Ltd.'s operating profit covered its interest costs 65.7 times in the year to Mar 2026.
Cash vs debt
Net cashNichia Steel Works, Ltd. held ¥9.1 B more cash than debt (net cash) at Mar 2026.
Questions
What is Nichia Steel Works, Ltd.'s P/E ratio?
Investors pay ¥14.6 for every ¥1 of Nichia Steel Works, Ltd.'s yearly profit, higher than 62% of Industrials companies in Japan.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Nichia Steel Works, Ltd.: ¥17.7 B ÷ ¥53.4 B (31 Mar 2026) = 0.3.
What is Nichia Steel Works, Ltd.'s return on equity?
Nichia Steel Works, Ltd. earned 2.7% on its shareholders' money over the last year, lower than 87% of Industrials companies in Japan.
How much does Nichia Steel Works, Ltd. owe compared with what it owns?
Nichia Steel Works, Ltd. owes ¥0.22 for every ¥1 it owns (low), lower than 87% of Industrials companies in Japan.
Does Nichia Steel Works, Ltd. pay a dividend?
Yes. Nichia Steel Works, Ltd. pays 2.51% of its share price as dividends a year, lower than 66% of dividend-paying Industrials companies in Japan.
Is Nichia Steel Works, Ltd.'s revenue growing?
Revenue fell 1% in the year to Mar 2026, and shrank 0% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.