Added to YB: 2026-02-16
Pitch date: 2026-02-12
5302.T [bullish]
Nippon Carbon Co., Ltd.
-2.43%
current return
Author Info
Company Info
Nippon Carbon Co., Ltd. engages in the manufacture and sale of carbon products in Japan. The company provides carbon fiber products, such as molded heat insulating materials for high temperature furnaces; CARBORON, a soft felt used in heat insulators for high temperature furnaces; C/C Composite, a lightweight carbon material used in heat resistant composite structural members, high temperature furnace materials, trays, and jigs; and CARBEST, a carbon fiber packing material.
Market Cap
JPY 53.2B
Pitch Price
JPY 4.9K
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.30
P/E
11.02
EV/Sales
1.53
Sector
Electrical Equipment
Category
value
Nippon Carbon (TYO 5302): A 120 Year Old $350 Million Japanese Carbon Manufacturer Trading at 1x Book, Net Cash, and 4.2% Dividend with a Growing Aerospace Materials Division (JV with GE / Safran)
5302.T: Japanese specialty carbon manufacturer at 1x BV, 13x FY24-25 EPS, 4.2% yield. Core carbon/electrode biz fair but sleepy. Real value: 50% stake in NGS SiC fiber JV w/ GE/Safran. SiC critical for next-gen jet engines; GE9X ramp ~2027 = 5x material/engine vs LEAP; RISE engine mid-2030s = 10x upside. Trading at just ¥14.4B backing out ¥40.2B NCAV+investments. Recent 5.7% buyback, stable dividend protects downside. Free option on aerospace revolution.
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