Nippon Sanso Holdings Corp. (NPXYY) AI Stock Analysis

Nippon Sanso Holdings Corporation manufactures and sells various industrial gases across Japan, the United States, Europe, Asia, and Oceania. The company supplies industrial gases to various industries, medical gases to hospitals and home-based care facilities, and electronic material gases for liquid-crystal and semiconductor manufacturing. In addition, it offers consumer products under the Thermos name. Originally known as Taiyo Nippon Sanso Corporation, the firm took its current name in October 2020. Headquartered in Shinagawa, Japan, the company was founded in 1910, employs 20,411 people, and operates as a subsidiary of Mitsubishi Chemical Group Corporation.

Revenue increased from $957.17B in FY2022 to $1.19T in FY2023, $1.26T in FY2024, $1.31T in FY2025, and $1.36T in FY2026, achieving a four-year revenue compound annual growth rate of 9.2%. Net income grew from $64.10B in FY2022 to $123.89B in FY2026, with net margin improving from 6.7% to 9.1%. Gross margin expanded steadily over the period, moving from 37.5% in FY2022 to 42.8% in FY2026, while operating margin rose from 10.2% to 14.2%. In the trailing twelve months ended March 31, 2024, revenue reached $1.41T with an operating margin of 14.6%, quarterly revenue growth of 14.9%, and quarterly earnings growth of 54.0%.

As of March 31, 2026, Nippon Sanso Holdings Corp. held $165.35B in cash and short-term investments against total debt of $730.95B, resulting in net debt of $565.60B. Shareholders' equity was $1.22T and total assets stood at $2.77T, corresponding to a debt-to-equity ratio of 0.60 and a current ratio of 1.24. In FY2026, operating cash flow reached $272.59B and free cash flow was $163.44B. Capital expenditures totaled $109.15B and dividend payments totaled $24.24B during the fiscal year.

NPXYY has a market capitalization of $14.82B and an enterprise value of $19.37B. The stock trades at a trailing P/E of 16.5x, below the 19.7x median for its US-listed Basic Materials peers. Its EV to EBITDA ratio is 9.3x, compared to the peer median of 10.5x, while its enterprise value to revenue is 2.2x and price-to-book is 1.9x. Over the past year, the shares rose 6.5%, underperforming the 16.8% return of the S&P 500 index. The stock has a beta of 0.45.

Nippon Sanso Holdings Corp. pays a semiannual dividend with an annual forward payout of $0.20, representing a dividend yield of 1.14%. The company maintains a payout ratio of 18.5% and has distributed dividends for 3 consecutive years. Its last ex-dividend date was March 31, 2026.

For the fiscal year ending March 31, 2027, consensus estimates project company revenue of $1.47T. For the subsequent fiscal year, revenue is estimated at $1.52T, representing projected revenue growth of 3.8%. The stock last closed at $17.12 on October 16, 2026, trading 3.8% below its 200-day average and within its 52-week range of $14.07 to $21.65.

This page is an AI-written research summary of Nippon Sanso Holdings Corp. (NPXYY). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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