Nippon Seiki is trading at an undervalued level with a PBR of 0.6x and a dividend yield of over 3%, and its three consecutive dividend increases and progress in structural reforms are being recognized. The company's market capitalization is approximately 158.4 billion yen (as of August 26, 2026, share price 2,710 yen). If the target of 28 billion yen in operating income for the fiscal year ending March 2030 is factored in, reaching a scale of 250 billion yen at a PER of 15x is within sight. For the first quarter of the fiscal year ending March 2027, consolidated results showed revenue of 83,252 million yen (up 9.2% year-on-year), operating income of 2,191 million yen (up 44.0%), and profit attributable to owners of the parent of 1,517 million yen (up 116.2%), marking a significant increase in both revenue and profit. Additionally, the company plans to make Toyo Denso a wholly owned subsidiary in October 2026, and on August 28, it announced the acquisition of Denso's head-up display business. For the fiscal year ending March 2027, the company expects a dividend of 90 yen per share (up 10 yen from the previous year), marking the third consecutive annual dividend increase.
Nippon Seiki Co., Ltd.Undervalued at PBR 0.6x with over 3% dividend yield, third consecutive dividend increase, and Q1 profit up 116.2%.
DENSO CORPORATIONNippon Seiki announced acquisition of Denso's head-up display business, a divestiture for Denso only mentioned in passing.
