Research Coverage

Nisshinbo has six segments: Electronics, Automobile Brakes, Precision Instruments, Chemicals, Textiles, and Real Estate (sold the Papers business in April 2017). In mainstay Electronics and Automobile Brakes segments, the company expects both sales and earnings to grow as markets expand. It positions Precision Instruments, Chemicals, and Textiles as earnings-improvement segments, where it plans to improve return on assets and profit margins. The Real Estate segment generates stable revenues.