Nichia Steel Works (TSE:5658) Construction In Progress: 円1,592 Mil (As of Mar. 2026)


TSE:5658 Nichia Steel Works Ltd TSE:5658
70 GF Score
Price 円346.00
GF Value 円326.18
Valuation Fairly Valued
! 5 Warning Signs
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What is Nichia Steel Works Construction In Progress?

Nichia Steel Works TSE:5658 -1.14% 70 Construction In Progress is 円1,592 Mil as of Mar. 2026. GuruFocus rates TSE:5658 with a GF Score™ of 70/100 and a GF Value™ of 円326.18 (Fairly Valued). The stock has 5 warning signs investors should review.

Nichia Steel Works's quarterly construction in progress increased from Mar. 2025 (円158 Mil) to Sep. 2025 (円1,086 Mil) and increased from Sep. 2025 (円1,086 Mil) to Mar. 2026 (円1,592 Mil).

Nichia Steel Works's annual construction in progress declined from Mar. 2024 (円525 Mil) to Mar. 2025 (円158 Mil) but then increased from Mar. 2025 (円158 Mil) to Mar. 2026 (円1,592 Mil).

Nichia Steel Works Construction In Progress Historical Data

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The historical data trend for Nichia Steel Works's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nichia Steel Works Construction In Progress Chart

Nichia Steel Works Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 231.09 293.31 525.50 158.30 1,592.07

Nichia Steel Works Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 525.50 421.47 158.30 1,086.32 1,592.07
TSE:5658
70GF Score
Nichia Steel Works Ltd TSE:5658
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Nichia Steel Works Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of 円1,592 Mil mean?
Nichia Steel Works (TSE:5658) has a Construction In Progress of 円1,592 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Nichia Steel Works and its competitors.
Is Nichia Steel Works' Construction In Progress too high?
Nichia Steel Works' current Construction In Progress is 円1,592 Mil. Overall, Nichia Steel Works has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nichia Steel Works' Construction In Progress compare to SNA and RBC?
Nichia Steel Works' Construction In Progress of 円1,592 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Industrial Products company?
A good Construction In Progress depends on the Industrial Products industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Nichia Steel Works and its competitors. Nichia Steel Works's current Construction In Progress is 円1,592 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nichia Steel Works stock overvalued right now?
Based on GuruFocus' analysis, Nichia Steel Works (TSE:5658) is currently considered Fairly Valued. The stock's GF Value™ is 円326.18, compared to a current price of 円346.00 — trading 6.1% above its estimated fair value. The current Construction In Progress is 円1,592 Mil. Nichia Steel Works' overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Nichia Steel Works (TSE:5658), the current Construction In Progress is 円1,592 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nichia Steel Works (TSE:5658) Overvalued in 2026?

Based on GuruFocus' analysis, Nichia Steel Works stock appears to be overvalued. The current stock price of 円346.00 is trading 6.1% above its estimated GF Value™ of 円326.18. GuruFocus considers Nichia Steel Works to be Fairly Valued.

Key valuation signals for TSE:5658:

  • Construction In Progress: 円1,592 Mil
  • GF Value™: 円326.18 vs. price of 円346.00 (6.1% above fair value)
  • GF Score™: 70/100 with 5 warning signs

No single metric tells the full story. See the TSE:5658 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nichia Steel Works Business Description

Address 6-74 Doui, Hyogo, Amagasaki, JPN, 660-0083
Nichia Steel Works Ltd is a manufacturer of steel wire products, fasteners and related products. The products are used in various fields such as construction and civil infrastructure. It offers low carbon steel wire products, hard drawn steel wire products, fasteners & special products and other special finished products.
70GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円346.00
Price
円326.18
GF Value