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NS Solutions
(2327)
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Rating:71Outperform
Price Target:
¥4,117.00
▲(8.34% Upside)
Action:Upgraded
Date:08/04/26
The score is primarily driven by strong financial quality (steady profitability, very low leverage, and solid returns), partially offset by meaningful cash-flow volatility. Technicals are mixed with improving momentum but overhead resistance versus key moving averages. Valuation is acceptable but not particularly cheap, with the dividend yield offering some support.
Positive Factors
Conservative balance sheet
A very low debt-to-equity ratio and growing equity provide durable financial flexibility. This conservatism reduces solvency risk, supports consistent shareholder returns and strategic investment capacity, and cushions the business through IT project cycles over the medium term.
Negative Factors
Cash-flow volatility
Intermittent swings between positive TTM cash and a recent negative annual cash result indicate working-capital or investment timing issues. This reduces confidence in predictable cash conversion, constraining discretionary investment, buybacks or dividend sustainability in weak quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A very low debt-to-equity ratio and growing equity provide durable financial flexibility. This conservatism reduces solvency risk, supports consistent shareholder returns and strategic investment capacity, and cushions the business through IT project cycles over the medium term.
Read all positive factors
NS Solutions (2327) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥692.26B
Dividend Yield2.25%
Average Volume (3M)337.20K
Price to Earnings (P/E)22.4
Beta (1Y)0.55
Revenue Growth13.99%
EPS Growth15.49%
CountryJP
Employees10,276
SectorGeneral
Sector StrengthN/A
IndustryInformation Technology Services
Share Statistics
EPS (TTM)169.03
Shares Outstanding183,002,000
10 Day Avg. Volume306,130
30 Day Avg. Volume337,196
Financial Highlights & Ratios
PEG Ratio1.55
Price to Book (P/B)2.40
Price to Sales (P/S)1.76
P/FCF Ratio-76.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,670.00Price Target Upside-29.74% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)177.42
Revenue Forecast (FY)¥417.22B
NS Solutions Business Overview & Revenue Model
Company Description
NS Solutions Corporation, a Tokyo, Japan-based subsidiary of Nippon Steel & Sumitomo Metal Corporation, provides a wide array of information technology services to clients in Japan and globally. Founded in 1980 and formerly known as Nippon Steel I...
How the Company Makes Money
NS Solutions primarily makes money by providing IT services to corporate clients under project-based and ongoing service contracts. Its main revenue streams typically include: (1) system integration (SI) projects, where it earns fees for requireme...
NS Solutions Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 392.32B | 381.34B | 338.30B | 310.63B | 291.69B | 270.33B |
| Gross Profit | 105.59B | 101.80B | 81.26B | 71.60B | 65.81B | 60.32B |
| EBITDA | 60.71B | 59.44B | 51.47B | 47.58B | 44.82B | 42.41B |
| Net Income | 30.93B | 30.83B | 27.05B | 24.24B | 22.00B | 20.52B |
Balance Sheet | ||||||
| Total Assets | 413.83B | 417.58B | 431.33B | 374.64B | 319.91B | 325.76B |
| Cash, Cash Equivalents and Short-Term Investments | 114.95B | 108.80B | 192.93B | 103.97B | 101.32B | 95.71B |
| Total Debt | 23.86B | 25.15B | 29.27B | 34.79B | 25.03B | 31.52B |
| Total Liabilities | 128.21B | 128.77B | 161.52B | 129.85B | 112.11B | 121.19B |
| Stockholders Equity | 276.34B | 279.20B | 261.17B | 236.83B | 200.52B | 197.83B |
Cash Flow | ||||||
| Free Cash Flow | 23.96B | -8.77B | 33.69B | 23.03B | 21.63B | 33.07B |
| Operating Cash Flow | 30.44B | -3.41B | 37.21B | 26.15B | 26.03B | 38.41B |
| Investing Cash Flow | -54.66B | -59.38B | 70.25B | -8.57B | -5.63B | -8.54B |
| Financing Cash Flow | -23.13B | -21.62B | -18.80B | -15.08B | -14.94B | -12.94B |
NS Solutions Technical Analysis
Positive
3800.00
Price Trends
3551.56
Positive
3616.20
Positive
3793.59
Negative
Market Momentum
50.61
Positive
53.57
Neutral
26.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2327, the sentiment is Positive. The current price of 3800 is below the 20-day moving average (MA) of 3813.80, above the 50-day MA of 3551.56, and above the 200-day MA of 3793.59, indicating a neutral trend. The MACD of 50.61 indicates Positive momentum. The RSI at 53.57 is Neutral, neither overbought nor oversold. The STOCH value of 26.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2327.
NS Solutions Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥152.93B | 13.21 | ― | 3.30% | 10.67% | 23.70% | |
75 Outperform | ¥166.58B | 14.83 | 19.59% | 3.44% | 2.62% | 3.56% | |
75 Outperform | ¥31.08B | 8.73 | 10.38% | 4.82% | -2.76% | 36.33% | |
72 Outperform | ¥831.78B | 16.91 | ― | 2.29% | 4.90% | -2.39% | |
71 Outperform | ¥692.26B | 22.39 | 11.50% | 2.24% | 13.99% | 15.49% | |
66 Neutral | ¥386.70B | 14.00 | ― | 2.17% | 3.83% | 8.51% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:2327
NS Solutions
3,783.00
329.74
9.55%
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NS Solutions Corporate Events
NS Solutions Posts Strong Q1 FY2026 Results and Raises Full-Year Outlook
Jul 30, 2026
NS Solutions reported solid growth for the three months ended June 30, 2026, with revenue rising 13.3% year-on-year to ¥93.66 billion and operating profit up 8.8%, while profit attributable to owners of parent increased modestly by 1.9%. The ...
NS Solutions Finalizes Restricted Stock Grant to Senior Management
Jul 17, 2026
NS Solutions has completed the disposal of a portion of its treasury stock in the form of restricted stock compensation granted to internal directors and executive officers. The move underscores the growing use of equity-based pay in Japan’s...
NS Solutions Details Governance and Role Under Nippon Steel’s Control
Jun 30, 2026
NS Solutions has confirmed Nippon Steel Corporation as its parent company, holding 63.43% of its voting rights and serving as its largest customer, with transactions representing 18.5% of NS Solutions’ consolidated sales in fiscal 2025. The ...
NS Solutions Expands Restricted Stock Compensation for Directors and Executives
Jun 19, 2026
NS Solutions Corporation has approved the disposal of 11,936 treasury shares as restricted stock to three directors and 20 executive officers, at a price of ¥3,173 per share, for a total of about ¥37.9 million. The move is part of a shar...
NS Solutions Raises Year-End Dividend, Reaffirms 50% Payout Policy
May 18, 2026
NS Solutions’ board has approved a year-end dividend of ¥45 per share for the fiscal year with a record date of March 31, 2026, matching its latest forecast and up from ¥37.50 a year earlier. The total payout will be approximately ...
NS Solutions board rejects shareholder bid to curb parent-company deposits
May 11, 2026
NS Solutions’ board has formally rejected shareholder proposals from 3D WH OPPORTUNITY MASTER OFC seeking amendments to the Articles of Incorporation that would restrict deposits with its parent company and mandate expanded disclosure on fun...
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.