Nitto Boseki makes glass fibre yarns, chopped strands and composite reinforcement materials, most of it sold into electronics substrates and specialty composites rather than apparel, which the "textile" industry label obscures. Its edge is that high-grade glass cloth for printed circuit boards is a narrow market with few qualified suppliers, and that position shows in a 41.7% gross margin and a 23.3% operating margin. Revenue grew 20.6% on the latest figures, and the AI server and high-speed networking build-out is pushing demand for low-dielectric glass cloth that the company is well placed to supply. At 13.2x trailing and 10.0x forward earnings, with a 28.4% return on equity, the market is pricing this as a cyclical materials business, so the question for us is whether the electronics mix shift is durable enough to justify a re-rating. The filing and capacity plans are the place to test that before anything else.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:53 CEST | ACCE price target | ¥3550 | first publication | ¥2961 |
Answered from Nitto Boseki Co., Ltd. fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| 3110.T Nitto Boseki Co., Ltd. | ¥2867.00 | - | - | 12.9x | 28.4% | 92 | 77 |
| KPRMILL.NS K.P.R. Mill Limited | ₹1024.60 | - | - | 38.4x | - | 80 | 59 |
| COA.L Coats Group plc | £0.82 | £1 | 2% above | 20.5x | 22.3% | 63 | 60 |
| AIN Albany International Corporation Common Stock | $62.61 | $50 | 25% above | - | -6.1% | 40 | 54 |
| 2313.HK Shenzhou International Group Holdings Limited | HK$37.04 | HK$46 | 19% below | 10.8x | 12.3% | 63 | 46 |
| 3402.T Toray Industries, Inc. | ¥1183.50 | - | - | 18.8x | 5.6% | 48 | 65 |
| DUNI.ST Duni AB (publ) | kr 72.50 | kr 78 | 7% below | 17.1x | 5.6% | 43 | 35 |
Where 3110.T ranks against its sector peers on each metric.