Nitto Denko stock: Goldman Sachs raises target from USD 19.21 to USD 22.72
Published on 10/24/2026 at 00:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCapital allocation and earnings timing
- Goldman Sachs raised its Nitto Denko target to USD 22.72 on October 19, 2026.
- Fiscal 2027 first-quarter revenue reached JPY 271.67 billion and net income JPY 33.87 billion.
- Nitto Denko is scheduled to announce second-quarter results on October 27, 2026.
Nitto Denko (ISIN JP3684000007) drew a higher valuation target from Goldman Sachs on October 19, 2026, as the bank lifted its target from USD 19.21 to USD 22.72 while maintaining a Hold rating, according to Futu News.
Target moves to USD 22.72
The target change gives investors a fresh valuation reference before Nitto Denko's next report. The company generated JPY 271.67 billion in revenue and JPY 33.87 billion in net income during fiscal 2027 first quarter, based on the period ending June 30, 2026, while diluted earnings per share were JPY 50.73, according to Futu News.
Three dated capital signals
On September 30, 2026, Nitto Denko resolved to cancel 15,472,050 treasury shares, equal to 2.28 percent of issued shares, with the cancellation scheduled for October 20, 2026, according to Japan IR. On October 19, 2026, Goldman Sachs raised its target from USD 19.21 to USD 22.72. On October 23, 2026, the Tokyo Stock Exchange quote stood at JPY 3,568 at 3:30 p.m. JST.
What does the target change mean?
The valuation update arrives against a mixed earnings setup. Fiscal 2027 first-quarter operating income was JPY 49.59 billion and net income was JPY 33.87 billion, while operating cash flow was JPY 23.19 billion for the same period. The figures give the upcoming report a concrete test: whether demand and profitability can support the higher target.
When is the next report?
Nitto Denko is scheduled to announce its fiscal 2027 second-quarter results on October 27, 2026, according to Futu News. That release should show whether the first-quarter revenue base of JPY 271.67 billion was sustained into the next reporting period.
Tokyo quote and valuation context
Nitto Denko's Tokyo Stock Exchange quote stood at JPY 3,568 on October 23, 2026 at 3:30 p.m. JST. The same market snapshot put its market capitalization at JPY 2.4 trillion and its 52-week range at JPY 2,882.50 to JPY 4,068.00.
The further course of trading is shown by the continuously updated real-time quote of Nitto Denko stock.
Nitto Denko facts
- Company: Nitto Denko Corporation
- ISIN: JP3684000007
- Ticker: 6988
- Primary exchange: Tokyo Stock Exchange
- Market capitalization: JPY 2.4 trillion (as of October 23, 2026)
- 52-week range: JPY 2,882.50-4,068.00 (as of October 23, 2026)
- Sector / Industry: Basic Materials / Specialty Chemicals
- Index membership: Nikkei 225
Market context: Market report Nikkei 225.
