6988 JP (Update)

Nitto Denko Corp

TMT


Presented:02/02/2016
Price:¥6,351.00
Cap:$8.78B
Current Price:¥2,502.00
Cap:$14.44B

Presented

Date02/02/2016
Price¥6,351.00
Market Cap$8.78B
Ent Value$10.42B
P/E Ratio11.47x
Book Value¥3,930.49
Div Yield1.49%
Shares O/S165.40M
Ave Daily Vol1,652,431
Short IntN/A

Current

Price¥2,502.00
Market Cap$14.44B
Nitto Denko Corp. engages in the manufacture and sale of adhesives, optical films, semiconductor devices, electronic, medical, and membrane products. It operates through the following segments: Industrial Tape, Optronics and Others. The Industrial Tape segment manufactures and merchandises engineering plastics, and bonding, joining, surface protection, sealing, and packaging products and equipment. The Optronics segment produces and sells liquid crystal display materials, semiconductor materials, flexible printed circuits, and processing materials. The Others segment includes medical and membrane products. The company was founded on October 25, 1918 and is headquartered in Osaka, Japan.

Please note, this is an update to Short - Nitto Denko Corp. (6988 JP), which was originally presented on 08/10/2015.

Publicly traded companies mentioned herein: Nitto Denko Corp (6988 JP), Sumitomo Chemical (4005 JP) and Apple (AAPL).

Highlights

The presenter believes the first leg of his short thesis has played out as a result of Apple (AAPL) iPhone units being down, which has brought down the entire supply chain in the process. Nitto Denko recently lowered guidance for this year along with everyone else in the Apple food chain. He remains short the stock awaiting the second leg of his thesis, which calls for normalization of the company’s historical market share of iPhone polarizers. 

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Idea Discussion

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