NJS Co., Ltd. (JP:2325)
:2325
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NJS Co., Ltd.
(2325)
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Rating:68Neutral
Price Target:
¥5,445.00
▲(6.14% Upside)
Action:Reiterated
Date: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 steadily growing equity/assets provide long-term financial resilience. This reduces refinancing and solvency risk, preserves capacity to bid on multi-stage public projects, and supports consistent capital allocation (dividends, reinvestment) through cycles.
Negative Factors
Inconsistent cash flow quality
Variability in operating cash flow and episodic negative free cash flow create timing and working-capital risks. Even with recent FCF covering 82% of net income, weak OCF relative to earnings can constrain investment, dividend stability, and ability to absorb slower contract payments.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Near-zero leverage and steadily growing equity/assets provide long-term financial resilience. This reduces refinancing and solvency risk, preserves capacity to bid on multi-stage public projects, and supports consistent capital allocation (dividends, reinvestment) through cycles.
Read all positive factors
NJS Co., Ltd. (2325) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥46.76B
Dividend Yield1.94%
Average Volume (3M)47.98K
Price to Earnings (P/E)3.7
Beta (1Y)0.63
Revenue Growth15.35%
EPS Growth10.88%
CountryJP
Employees1,375
SectorIndustrials
Sector Strength72
IndustryWaste Management
Share Statistics
EPS (TTM)264.57
Shares Outstanding10,048,000
10 Day Avg. Volume36,700
30 Day Avg. Volume47,980
Financial Highlights & Ratios
PEG Ratio7.05
Price to Book (P/B)1.70
Price to Sales (P/S)1.95
P/FCF Ratio28.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)273
Revenue Forecast (FY)¥27.50B
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...
How the Company Makes Money
NJS primarily makes money by providing professional services (engineering and consulting) tied to public infrastructure projects. Its revenue model is predominantly fee-for-service: it earns contract fees for work such as feasibility studies and p...
NJS Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
92
Very Positive
Cash Flow
66
Positive
| 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
Positive
5130.00
Price Trends
4694.20
Positive
4810.36
Positive
5149.24
Negative
Market Momentum
76.38
Negative
62.31
Neutral
81.71
Negative
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 4741.25, above the 50-day MA of 4694.20, and below the 200-day MA of 5149.24, indicating a neutral trend. The MACD of 76.38 indicates Negative momentum. The RSI at 62.31 is Neutral, neither overbought nor oversold. The STOCH value of 81.71 is Negative, 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
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥201.22B | 22.33 | 11.00% | 2.20% | 6.75% | -0.16% | |
73 Outperform | ¥25.83B | 8.53 | ― | 2.62% | -14.20% | 231.20% | |
72 Outperform | ¥421.05B | 24.29 | ― | 1.30% | 9.57% | 9.73% | |
68 Neutral | ¥46.76B | 3.75 | ― | 1.94% | 15.35% | 10.88% | |
67 Neutral | ¥7.36B | 57.57 | ― | 1.36% | -4.59% | -14.60% | |
67 Neutral | ¥74.23B | 7.12 | ― | 2.77% | 0.41% | 25.80% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
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NJS Co., Ltd. Corporate Events
NJS Posts Strong Q1 Earnings and Lifts 2026 Dividend Outlook
May 14, 2026
NJS Co., Ltd. reported strong consolidated results for the three months ended March 31, 2026, with net sales rising 20.1% year on year to ¥10,626 million and profit attributable to owners of parent climbing 28.7% to ¥2,910 million. Opera...
NJS Details Independence and Governance Ties With Major Shareholder Nippon Hume
Mar 31, 2026
NJS Co., Ltd. has clarified its relationship with Nippon Hume Corporation, which holds 35.76% of its voting rights and remains a major shareholder and other affiliated company. While the two firms have limited direct business dealings, Nippon Hume...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.