Nitto Denko Corporation (6988.T)
ValueMarkers Composite Index
45% below intrinsic value ($39)
Nitto Denko Corporation (6988.T) — VMCI valuation read
The headline on Nitto Denko Corporation (6988.T) is a 66/100 VMCI score, set against a Basic Materials sector median of 50. That 16-point above-median read reflects the five-pillar weighting and, for a mid-cap name, suggests a relative-value tailwind is in the data.
6988.T insider activity report: 0 buys, 0 sells filed via Form 4 over the past 30 days. The next datable items are the 10-Q schedule and any 8-K-triggering events; both feed the VMCI Integrity pillar more than the price tape.
**Investor frame.** 6988.T trades at 23.0x earnings, 28% above the Basic Materials median of 18.0x sets the value side. ROIC of 19.0% sits 9.0pp above the Basic Materials median (10.0%) sets the quality side. Net debt to EBITDA of 1.4x leaves covenant headroom sets the risk side, the three lines a value buyer reads first on 6988.T.
6988.T fell 3.8% over the trailing 7 days, with a -1.0% read on a 30-day basis.
Nitto Denko Corporation primarily engages in the adhesive tapes business in Japan and internationally. It provides double sided tapes, surface protective films, sealing materials/NVH related products, masking tapes, membranes, FPD/touch panel related products, gasket materials, semiconductor manufacturing process products, flexible printed circuit boards, porous films/breathable materials, and packaging tapes. The company also offers functional thermal transfer systems, such as labels, barcode label printers, and label printing software; tapes for electrical and electronic equipment; dust removal products for clean rooms; fluoroplastic sheets and tapes, and fluoroplastic porous films; and materials for housing and construction, as well as packaging machines. In addition, it provides medical products, including transdermal therapeutic systems, athletic tapes, medical adhesive tapes for wearable devices and body sensors, adhesive tapes, and particles for nucleic acid synthesis. The company offers its products to automotive and transportation, housing/housing equipment, infrastructure, material, home appliance and electrical, display, electronic device, medical, packaging, and consumer/personal care industries. Nitto Denko Corporation was incorporated in 1918 and is headquartered in Osaka, Japan.
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