NF Holdings Corporation (6864) AI Stock Analysis

• Market Cap: ¥9.30B
• Dividend Yield: 2.85%
• Average Volume (3M): 97.94K
• Price to Earnings (P/E): 26.7
• Beta (1Y): 0.87
• Revenue Growth: 10.27%
• EPS Growth: -106.32%
• Country: JP
• Employees: 324
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 10.49
• Shares Outstanding: 7,070,000
• 10 Day Avg. Volume: 155,340
• 30 Day Avg. Volume: 97,943
• PEG Ratio: 0.49
• Price to Book (P/B): 0.68
• Price to Sales (P/S): 0.94
• P/FCF Ratio: 50.51
• 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: 63 Neutral
• Price Target: ¥1,412.00 ▲(26.18% Upside)
• Action: Reiterated Date: 03/01/26
• Date: Action: Reiterated 03/01/26

The score is driven primarily by mixed financial performance—strong balance sheet strength offset by declining revenues, pressured margins, and volatile operating cash flow. Technicals are supportive (uptrend and positive MACD) but look overextended (high RSI/Stoch), while valuation is a key detractor due to the negative P/E despite a modest dividend yield.

Positive Factors

Strong balance sheet

A high equity ratio and low leverage provide durable financial flexibility: the company can withstand demand shocks, fund targeted capex or restructurings without heavy refinancing, and support dividends or buybacks if cash generation stabilizes. This reduces long-term default and liquidity risks.

Negative Factors

Declining revenues

A multi-year revenue decline is a structural headwind: it reduces operating leverage, limits funds available for R&D or market expansion, and can erode competitive position. Without clear new revenue drivers, persistent top-line shrinkage makes margin and cash-flow recovery harder over the medium term.

NF Holdings Corporation Business Overview & Revenue Model

Company Description

NF Holdings Corporation provides measurement instruments, power supply and power control products, function modules, and customized products in Japan. Its measurement instruments include signal generators, LCR meters, impedance analyzers, AC voltm...

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NF Holdings Corporation provides measurement instruments, power supply and power control products, function modules, and customized products in Japan. Its measurement instruments include signal generators, LCR meters, impedance analyzers, AC voltm...

How the Company Makes Money

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NF Holdings Corporation Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	9.28B	9.08B	9.40B	9.64B	10.15B	10.65B
Gross Profit	3.30B	3.16B	2.96B	3.12B	3.54B	3.38B
EBITDA	983.41M	898.24M	703.43M	706.07M	1.19B	921.76M
Net Income	363.03M	450.65M	323.84M	457.08M	615.47M	444.21M
Balance Sheet
Total Assets	16.03B	17.35B	18.70B	18.90B	18.70B	18.86B
Cash, Cash Equivalents and Short-Term Investments	4.78B	5.45B	5.34B	5.53B	6.11B	7.48B
Total Debt	911.59M	1.42B	1.92B	2.03B	2.25B	2.58B
Total Liabilities	2.47B	3.68B	4.76B	5.18B	5.28B	6.06B
Stockholders Equity	12.45B	12.56B	12.64B	12.40B	12.04B	11.54B
Cash Flow
Free Cash Flow	0.00	169.94M	189.88M	-210.28M	-939.00M	-604.77M
Operating Cash Flow	0.00	340.99M	530.27M	279.42M	-594.86M	-411.82M
Investing Cash Flow	0.00	1.28B	-44.99M	-700.91M	-832.14M	-237.84M
Financing Cash Flow	0.00	-735.83M	-349.43M	-540.72M	-580.87M	1.04B

NF Holdings Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1119.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6864, the sentiment is Positive. The current price of 1119 is below the 20-day moving average (MA) of 1332.02, below the 50-day MA of 1304.26, and below the 200-day MA of 1261.56, indicating a neutral trend. The MACD of 6.60 indicates Positive momentum. The RSI at 49.89 is Neutral, neither overbought nor oversold. The STOCH value of 19.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6864.

NF Holdings Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6866	79 Outperform	¥108.63B	15.13	―	3.23%	7.28%	4.16%
6817	70 Outperform	¥39.87B	10.06	―	4.53%	-2.57%	3.43%
6908	70 Outperform	¥80.96B	10.57	―	3.05%	10.79%	12.28%
6864	63 Neutral	¥9.30B	26.68	―	2.85%	10.27%	-106.32%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6858	59 Neutral	¥8.98B	16.72	―	2.45%	15.66%	-69.17%
6844	58 Neutral	¥33.34B	2.72	―	1.95%	6.10%	―