Nextage Co., Ltd. (JP:3186)
:3186
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Nextage Co., Ltd.
(3186)
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Rating:53Neutral
Price Target:
¥3,512.00
▲(1.21% Upside)
Action:ReiteratedDate:03/07/26
The score is held back primarily by uneven financial quality—compressed margins, elevated leverage, and weak/volatile cash conversion—despite rapid revenue growth and decent ROE. Technicals also lean negative in the near term with the stock below key short/mid-term moving averages and subdued momentum. Valuation is reasonable (mid-teens P/E) with a modest dividend yield, offering partial support but not enough to offset the financial and technical risks.
Positive Factors
Rapid revenue expansion
A sustained, large revenue increase indicates strong demand and successful scaling of retail operations. Durable top-line growth supports spreading fixed costs, funds reinvestment in stores and digital channels, and improves negotiating leverage with suppliers over a multi-quarter horizon.
Negative Factors
Margin compression
Narrowing gross and net margins limit the company's ability to absorb cost shocks or fund investments from operating profits. Reliance on volume to drive EPS increases sensitivity to pricing pressure and macro demand swings, weakening margin sustainability over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid revenue expansion
A sustained, large revenue increase indicates strong demand and successful scaling of retail operations. Durable top-line growth supports spreading fixed costs, funds reinvestment in stores and digital channels, and improves negotiating leverage with suppliers over a multi-quarter horizon.
Read all positive factors
Nextage Co., Ltd. (3186) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥262.56B
Dividend Yield1.24%
Average Volume (3M)601.26K
Price to Earnings (P/E)19.0
Beta (1Y)1.13
Revenue Growth19.04%
EPS Growth108.13%
CountryJP
Employees7,635
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)162.37
Shares Outstanding80,905,100
10 Day Avg. Volume815,920
30 Day Avg. Volume601,260
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)2.65
Price to Sales (P/S)0.32
P/FCF Ratio67.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,980.00Price Target Upside43.52% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)212.05
Revenue Forecast (FY)¥727.68B
Nextage Co., Ltd. Business Overview & Revenue Model
Company Description
NEXTAGE Co., Ltd. engages in the retail sale of new and used cars in Japan. It is also involved in the provision of vehicle maintenance and repair, as well as vehicle safety inspection services; operation of an insurance agency; purchase of used c...
How the Company Makes Money
Nextage makes money primarily by retailing used vehicles at a margin over its acquisition and preparation costs. Key revenue streams typically include: (1) Used-vehicle sales: revenue recognized from selling pre-owned cars sourced via direct custo...
Nextage Co., Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
58
Neutral
Cash Flow
44
Neutral
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 652.07B | 552.78B | 463.46B | 418.12B | 291.26B |
| Gross Profit | 112.17B | 98.67B | 86.83B | 74.03B | 56.73B |
| EBITDA | 26.21B | 18.98B | 20.35B | 22.40B | 17.57B |
| Net Income | 12.81B | 8.01B | 11.56B | 13.89B | 9.66B |
Balance Sheet | |||||
| Total Assets | 226.78B | 222.27B | 177.50B | 161.26B | 111.03B |
| Cash, Cash Equivalents and Short-Term Investments | 17.69B | 35.71B | 29.63B | 19.84B | 22.75B |
| Total Debt | 96.35B | 109.92B | 77.42B | 76.52B | 51.49B |
| Total Liabilities | 147.58B | 149.54B | 110.99B | 104.95B | 69.41B |
| Stockholders Equity | 79.19B | 72.73B | 66.50B | 56.30B | 41.62B |
Cash Flow | |||||
| Free Cash Flow | 3.09B | -11.00B | 13.29B | -30.41B | -4.13B |
| Operating Cash Flow | 9.19B | 3.02B | 33.69B | -17.85B | 3.21B |
| Investing Cash Flow | -7.33B | -18.45B | -23.68B | -13.83B | -8.26B |
| Financing Cash Flow | -19.88B | 21.37B | -227.00M | 28.81B | 317.00M |
Nextage Co., Ltd. Technical Analysis
Positive
3470.00
Price Trends
3386.38
Positive
3179.63
Positive
2670.44
Positive
Market Momentum
45.21
Negative
54.17
Neutral
23.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3186, the sentiment is Positive. The current price of 3470 is above the 20-day moving average (MA) of 3331.50, above the 50-day MA of 3386.38, and above the 200-day MA of 2670.44, indicating a bullish trend. The MACD of 45.21 indicates Negative momentum. The RSI at 54.17 is Neutral, neither overbought nor oversold. The STOCH value of 23.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3186.
Nextage Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥782.86B | 19.01 | 19.13% | 2.64% | 7.39% | 15.03% | |
73 Outperform | ¥19.38B | 12.74 | ― | 2.64% | 2.79% | -5.37% | |
64 Neutral | ¥133.44B | 13.60 | ― | 2.82% | 13.31% | -11.40% | |
63 Neutral | ¥56.91B | 10.40 | ― | 4.49% | 8.55% | -5.11% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
53 Neutral | ¥262.56B | 19.04 | ― | 1.24% | 19.04% | 108.13% | |
48 Neutral | ¥4.10B | -10.59 | ― | 1.08% | -4.92% | -1457.84% |
* Consumer Cyclical Sector Average
JP:3186
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Nextage Co., Ltd. Corporate Events
Nextage to Spin Off Premium and Imported Car Units Into Wholly Owned Subsidiaries
Apr 15, 2026
Nextage will transfer its Volvo operations to ett Co., Ltd., its Jaguar, Land Rover and BYD businesses to Shin Co., Ltd., its Maserati business to Fiorente Co., Ltd., and its Auto Stage imported car business to ism Co., Ltd. via a simplified absor...
NEXTAGE Posts Profit Surge and Confirms Growth Outlook for FY2026
Apr 6, 2026
NEXTAGE Co., Ltd., a Japan-listed automotive retailer, reported strong growth for the three months ended February 28, 2026, with net sales rising 25.0% year on year to ¥181.1 billion and profit attributable to owners of parent surging 252.2% ...
Nextage Secures ¥20 Billion Syndicated Loan with Financial Covenants for Long-Term Growth
Mar 26, 2026
Nextage Co., Ltd. has entered into a ¥20 billion syndicated loan agreement with MUFG Bank, Ltd. as arranger and seven other financial institutions, with a repayment period running to March 31, 2031 and no collateral pledged. The facility is d...
Nextage Completes Restricted Stock Compensation Share Issuance
Mar 19, 2026
Nextage Co., Ltd. has completed the payment procedures for issuing 27,200 new ordinary shares as restricted stock compensation, following a board resolution passed on February 20, 2026. The shares, priced at ¥3,655 each for a total value of &...
Nextage Expands Restricted Stock Compensation to Key Personnel
Feb 20, 2026
Nextage Co., Ltd. has approved the issuance of 27,200 new ordinary shares as restricted stock compensation, valued at about ¥99.4 million, to directors, executive officers, employees, and subsidiary directors. The move extends its existing re...
Nextage Revamps Board and Executive Lineup to Strengthen Governance
Feb 20, 2026
Nextage Co., Ltd. has overhauled its leadership structure following resolutions passed at its 27th Annual General Meeting of Shareholders and subsequent board meeting held on February 20, 2026. The company confirmed Seiji Hirota as Representative ...
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.