Nitto Denko (6988) Stock Price, Fundamentals & Analysis

What 6988 does

Nitto Denko (6988) is a stock listed on the Tokyo Stock Exchange in the Basic Materials sector, Specialty Chemicals industry. Headquartered in Osaka, Japan, the company employs 26,477 people and is a component of the Nikkei 225. It primarily operates in the adhesive tapes business, offering products such as double-sided tape, surface protective film, sealing materials, masking tape, and fluoroplastic sheets and tape (NITOFLON). Its portfolio also includes FPD/touch panel products, flexible printed circuit boards, membrane products, medical products (including transdermal therapeutic systems and adhesive tapes for wearable devices), and hygiene products. Customers span automotive and transportation, housing, infrastructure, electronics, medical, packaging, and consumer/personal care industries.

Key numbers explained

• Price: 3,548 JPY — the most recent trading price of one share in Japanese yen.
• Market cap: 2.35T JPY — the total market value of all outstanding shares, calculated as share price multiplied by the number of shares.
• Trailing P/E ratio: 18 — the current share price divided by the last 12 months of earnings per share (197.27 JPY); a lower P/E can suggest the stock is priced more conservatively relative to recent earnings.
• Forward P/E ratio: 18.5 — similar to the trailing P/E but based on expected future earnings, reflecting analyst estimates.
• Dividend yield: 1.8% — the annual dividend payment expressed as a percentage of the share price; the ex-dividend date is Sep 29, 2026, and 30% of earnings are paid out as dividends.
• Beta: 0.53 — a measure of the stock's volatility relative to the overall market; a beta below 1 suggests it tends to move less than the market.
• Revenue (trailing 12 months): 1.05T JPY with 10.4% year-over-year growth, and profitMargin: 12.9%.
• Price change over the last 52 weeks: 2.6%, within a range of 2,882.5 – 4,068 JPY.

What to watch

Investors tracking Nitto Denko (6988) often monitor its exposure to the adhesive tapes market and its expansion into medical and electronic materials. The stock's relatively low beta (0.53) suggests it may be less volatile than the broader market, which can appeal to risk-averse investors. The upcoming earnings release on Oct 27, 2026 is a key date for reviewing the company's latest results. As a member of the Nikkei 225, its performance is often compared with peers such as Nippon Paper Industries (3863), Mitsui Chemicals (4183), Kobe Steel (5406), Sumitomo Osaka Cement (5232), Sumitomo Metal Mining (5713), Ube Industries (4208), and Taiheiyo Cement (5233). General factors that can affect the stock include raw material costs, global manufacturing demand, and currency fluctuations between the yen and other major currencies.