Ad-Sol Nissin Corp. (3837) AI Stock Analysis

• Market Cap: ¥26.54B
• Dividend Yield: 2.18%
• Average Volume (3M): 100.44K
• Price to Earnings (P/E): 15.4
• Beta (1Y): 0.91
• Revenue Growth: 9.56%
• EPS Growth: 30.03%
• Country: JP
• Employees: 606
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): N/A
• Shares Outstanding: 17,889,930
• 10 Day Avg. Volume: 77,240
• 30 Day Avg. Volume: 100,443
• PEG Ratio: 0.60
• Price to Book (P/B): 2.60
• Price to Sales (P/S): 1.19
• P/FCF Ratio: 20.69
• 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): N/A
• Revenue Forecast (FY): N/A

• Rating: 81 Outperform
• Price Target: ¥1,663.00 ▲(0.18% Upside)
• Action: Upgraded Date: 12/30/25
• Date: Action: Upgraded 12/30/25

The score is driven primarily by strong financial quality (improving margins and growth, debt-free balance sheet, strong ROE), supported by bullish technicals (price above key moving averages and positive MACD). Valuation is the main constraint, with a mid-range P/E only partly offset by a ~2.14% dividend yield, and cash-flow volatility vs. earnings is the key fundamental watch item.

Positive Factors

Debt-free balance sheet

A virtually debt-free capital structure materially reduces refinancing and interest-rate risk, giving management durable financial flexibility. This supports reinvestment, opportunistic M&A or shareholder returns without leverage constraints, strengthening long-term resilience.

Negative Factors

Weak operating cash flow coverage

Operating cash flow materially trailing net income signals working-capital timing or billing inefficiencies. Persistently low coverage reduces internal funding for growth or dividends and raises the risk that earnings do not reliably convert to spendable cash over the medium term.

Ad-Sol Nissin Corp. Business Overview & Revenue Model

Company Description

Ad-Sol Nissin Corporation develops information and embedded systems for companies in Japan. The company offers various ZigBee products, such as wireless communication standard implementing multi-pop communication; tag solution for managing the loc...

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Ad-Sol Nissin Corporation develops information and embedded systems for companies in Japan. The company offers various ZigBee products, such as wireless communication standard implementing multi-pop communication; tag solution for managing the loc...

How the Company Makes Money

The company primarily makes money by delivering IT services on a project and contract basis, where it is paid for engineering labor and deliverables associated with building and integrating systems. Key revenue streams generally include (1) system...

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The company primarily makes money by delivering IT services on a project and contract basis, where it is paid for engineering labor and deliverables associated with building and integrating systems. Key revenue streams generally include (1) system...

Ad-Sol Nissin Corp. Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	15.86B	15.46B	14.08B	12.84B	12.25B	13.52B
Gross Profit	4.48B	4.31B	3.81B	3.36B	3.02B	3.33B
EBITDA	1.95B	1.86B	1.58B	1.33B	1.18B	1.38B
Net Income	1.27B	1.21B	979.15M	841.42M	784.94M	898.59M
Balance Sheet
Total Assets	9.83B	10.20B	10.40B	9.56B	8.22B	8.22B
Cash, Cash Equivalents and Short-Term Investments	3.30B	2.89B	3.76B	3.39B	2.81B	1.68B
Total Debt	0.00	0.00	0.00	0.00	0.00	87.50M
Total Liabilities	2.71B	3.13B	3.11B	2.89B	2.25B	2.89B
Stockholders Equity	7.12B	7.07B	7.29B	6.68B	5.97B	5.33B
Cash Flow
Free Cash Flow	0.00	890.13M	782.95M	890.69M	1.74B	169.77M
Operating Cash Flow	0.00	1.03B	804.96M	1.02B	1.78B	187.39M
Investing Cash Flow	0.00	-202.56M	-71.41M	-99.65M	-241.01M	-6.27M
Financing Cash Flow	0.00	-1.70B	-364.96M	-336.13M	-410.06M	-481.83M

Ad-Sol Nissin Corp. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1660.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3837, the sentiment is Negative. The current price of 1660 is above the 20-day moving average (MA) of 1606.90, below the 50-day MA of 1680.46, and above the 200-day MA of 1449.40, indicating a bearish trend. The MACD of -62.34 indicates Positive momentum. The RSI at 30.47 is Neutral, neither overbought nor oversold. The STOCH value of 0.97 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3837.

Ad-Sol Nissin Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3837	81 Outperform	¥26.54B	15.44	―	2.18%	9.56%	30.03%
3916	74 Outperform	¥29.89B	16.05	―	2.45%	19.04%	30.67%
3844	73 Outperform	¥47.05B	18.47	17.50%	2.88%	5.62%	3.81%
4396	71 Outperform	¥21.84B	11.39	―	1.70%	22.25%	31.88%
4072	69 Neutral	¥29.48B	13.32	―	2.22%	9.57%	315.38%
4725	65 Neutral	¥30.51B	10.75	10.34%	4.82%	-3.03%	38.83%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%