NJS Co., Ltd. (2325) AI Stock Analysis

• Market Cap: ¥44.80B
• Dividend Yield: 1.94%
• Average Volume (3M): 47.98K
• Price to Earnings (P/E): 22.2
• Beta (1Y): 0.63
• Revenue Growth: 7.37%
• EPS Growth: -16.20%
• Country: JP
• Employees: 1,375
• Sector: Industrials
• Sector Strength: 72
• Industry: Waste Management
• EPS (TTM): 30.25
• Shares Outstanding: 10,048,000
• 10 Day Avg. Volume: 36,700
• 30 Day Avg. Volume: 47,980
• PEG Ratio: 7.05
• Price to Book (P/B): 1.70
• Price to Sales (P/S): 1.95
• P/FCF Ratio: 28.46
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 273
• Revenue Forecast (FY): ¥27.50B

• Rating: 68 Neutral
• Price Target: ¥5,014.00 ▼(-2.26% Downside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is driven primarily by strong financial stability (very low leverage and steady profitability), partially offset by weaker cash-flow consistency. Technicals are meaningfully negative (below key moving averages with negative MACD), while valuation is moderate with a ~2.3% dividend but a P/E around 21.

Positive Factors

Conservative balance sheet

Near-zero leverage and steady asset/equity growth provide durable financial flexibility for a services business reliant on public contracts. This reduces default and refinancing risk, supports stable operations during project timing swings, and enables selective reinvestment or dividend support.

Negative Factors

Inconsistent cash conversion

Variable cash conversion and occasional negative free cash flow point to timing and working-capital exposure inherent in project billing. This reduces financial predictability, can constrain funding for capex or hiring, and increases reliance on balance sheet buffers during slow collection periods.

NJS Co., Ltd. Business Overview & Revenue Model

Company Description

NJS Co., Ltd., together with its subsidiaries, primarily engages in construction consultancy business in Japan and internationally. The company is involved in the water and industrial water supply, sewerage, river, and agricultural drainage and wa...

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NJS Co., Ltd., together with its subsidiaries, primarily engages in construction consultancy business in Japan and internationally. The company is involved in the water and industrial water supply, sewerage, river, and agricultural drainage and wa...

How the Company Makes Money

NJS Co., Ltd. generates revenue through a variety of streams primarily associated with its engineering and consulting services. The company's revenue model is predominantly based on fee-for-service contracts, where it charges clients for project m...

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NJS Co., Ltd. generates revenue through a variety of streams primarily associated with its engineering and consulting services. The company's revenue model is predominantly based on fee-for-service contracts, where it charges clients for project m...

NJS Co., Ltd. Financial Statement Overview

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	23.54B	24.85B	22.59B	22.03B	19.23B	19.32B
Gross Profit	10.16B	9.92B	9.20B	7.11B	7.43B	7.52B
EBITDA	4.08B	3.76B	3.37B	1.97B	2.21B	3.00B
Net Income	2.52B	2.18B	2.12B	2.00B	1.73B	1.93B
Balance Sheet
Total Assets	36.03B	35.10B	31.12B	29.49B	28.18B	27.52B
Cash, Cash Equivalents and Short-Term Investments	24.03B	17.83B	17.69B	17.19B	13.98B	13.46B
Total Debt	28.66M	691.00K	3.75M	0.00	1.44M	4.29M
Total Liabilities	7.19B	6.52B	4.93B	4.94B	5.10B	6.01B
Stockholders Equity	28.77B	28.51B	26.12B	24.49B	23.03B	21.46B
Cash Flow
Free Cash Flow	0.00	1.71B	1.66B	1.30B	1.23B	-233.19M
Operating Cash Flow	0.00	2.08B	1.79B	1.55B	1.95B	227.02M
Investing Cash Flow	0.00	-952.17M	-373.48M	2.42B	-950.96M	-551.30M
Financing Cash Flow	0.00	-968.98M	-957.20M	-771.68M	-866.29M	-556.96M

NJS Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 5130.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2325, the sentiment is Positive. The current price of 5130 is above the 20-day moving average (MA) of 4670.75, above the 50-day MA of 4711.80, and below the 200-day MA of 5276.23, indicating a neutral trend. The MACD of 33.73 indicates Negative momentum. The RSI at 56.81 is Neutral, neither overbought nor oversold. The STOCH value of 75.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2325.

NJS Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9793	76 Outperform	¥196.46B	22.33	11.00%	2.20%	6.63%	-3.05%
9247	76 Outperform	¥84.45B	5.37	―	2.77%	24.61%	185.90%
5698	73 Outperform	¥27.33B	7.02	―	2.62%	-9.37%	590.66%
9336	73 Outperform	¥376.10B	25.33	―	1.30%	8.33%	1.73%
2325	68 Neutral	¥44.80B	22.25	―	1.94%	7.37%	-16.20%
2195	66 Neutral	¥7.95B	10.27	―	1.36%	3.68%	-24.83%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

NJS Co., Ltd. Corporate Events