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NIKKON Holdings Co
(9072)
NIKKON Holdings Co (9072) vs. iShares MSCI Japan ETF (EWJ)
NIKKON Holdings Co Business Overview & Revenue Model
NIKKON Holdings Co Financial Statement Overview
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 255.75B | 247.89B | 222.32B | 212.07B | 198.16B | 182.53B |
| Gross Profit | 40.56B | 38.80B | 32.77B | 30.57B | 29.49B | 27.57B |
| EBITDA | 39.73B | 39.51B | 36.37B | 35.31B | 33.08B | 32.23B |
| Net Income | 14.80B | 16.55B | 16.61B | 15.91B | 14.74B | 14.54B |
Balance Sheet | ||||||
| Total Assets | 434.28B | 428.76B | 388.45B | 360.75B | 339.48B | 322.14B |
| Cash, Cash Equivalents and Short-Term Investments | 44.95B | 36.78B | 43.85B | 40.49B | 30.68B | 32.35B |
| Total Debt | 128.08B | 118.64B | 79.50B | 73.45B | 65.69B | 59.22B |
| Total Liabilities | 185.62B | 179.08B | 142.00B | 131.35B | 120.44B | 113.85B |
| Stockholders Equity | 241.21B | 241.78B | 246.10B | 229.08B | 218.70B | 208.07B |
Cash Flow | ||||||
| Free Cash Flow | -3.52B | 954.00M | 7.13B | 9.80B | -3.64B | -3.15B |
| Operating Cash Flow | 13.38B | 27.64B | 31.11B | 32.55B | 28.98B | 23.23B |
| Investing Cash Flow | -26.72B | -53.98B | -24.34B | -22.55B | -31.57B | -25.40B |
| Financing Cash Flow | 12.61B | 19.08B | -4.41B | -208.00M | 759.00M | 1.47B |
NIKKON Holdings Co Technical Analysis
NIKKON Holdings Co Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥514.62B | 20.28 | 7.15% | 1.86% | 10.70% | 17.58% | |
68 Neutral | ¥932.23B | 10.15 | 9.97% | 3.54% | 12.46% | -3.12% | |
68 Neutral | ¥522.98B | 11.01 | 12.56% | 2.81% | 8.22% | 48.07% | |
67 Neutral | ¥301.84B | 19.08 | ― | 2.94% | 4.50% | 82.34% | |
66 Neutral | ¥317.61B | 12.68 | 8.30% | 2.50% | 7.94% | -13.01% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
53 Neutral | ¥913.58B | 310.52 | ― | 2.99% | 4.96% | 1.67% |
NIKKON Holdings Co Corporate Events
NIKKON Holdings has approved its 14th Medium-term Business Plan as the new management policy for fiscal years 2026 to 2028, aiming to enhance its role in providing safe, timely and environmentally conscious logistics services. The plan underscores the company’s strategy to anticipate market changes and strengthen proposal and execution capabilities to maintain stakeholder trust.
The company targets consolidated net sales of ¥350 billion and operating profit of ¥33 billion for the year ending March 2029, representing growth of about 30% and 39% respectively versus the March 2026 forecast, alongside an operating margin of 9.4% and ROE of 10%. The plan also sets ESG goals, including progressive CO2 emissions reductions toward carbon neutrality by 2050 and higher female representation in its domestic workforce, executive ranks and management by March 2029, signaling a push toward stronger sustainability and diversity.
The most recent analyst rating on (JP:9072) stock is a Hold with a Yen4367.00 price target. To see the full list of analyst forecasts on NIKKON Holdings Co stock, see the JP:9072 Stock Forecast page.
NIKKON Holdings has revised its shareholder returns policy, raising its dividend-on-equity target from 4% to 6% or higher while maintaining a progressive dividend approach to provide more stable, long-term returns. The company aims to enhance capital efficiency by actively using debt for capital and growth investments, such as M&A, and will continue flexible share buybacks.
As part of the new framework, NIKKON plans to implement share repurchases totaling 35.0 billion yen during its 14th Medium-Term Business Plan period from April 1, 2026 to March 31, 2029. This decision, building on a previously announced 40.0 billion yen buyback program, underscores a stronger commitment to returning capital to shareholders and narrowing the gap between its current ROIC of around 4.5% and WACC of about 5.0%.
The most recent analyst rating on (JP:9072) stock is a Hold with a Yen4367.00 price target. To see the full list of analyst forecasts on NIKKON Holdings Co stock, see the JP:9072 Stock Forecast page.
NIKKON Holdings has reported progress on its ongoing share repurchase program authorized by its board in September 2025, under which it is buying back common stock via market purchases on the Tokyo Stock Exchange through March 31, 2026. The company repurchased 426,600 shares for about ¥1.64 billion between February 1 and 28, 2026, bringing total buybacks under the program to 3,906,900 shares at a cumulative cost of roughly ¥13.72 billion.
The authorization allows NIKKON to repurchase up to 7.5 million shares, or 6.20% of its issued shares excluding treasury stock, with a total budget cap of ¥15 billion, meaning the company has largely utilized the monetary limit while remaining below the maximum share volume. This capital allocation move signals a focus on shareholder returns and may support earnings per share and share price, affecting investor perception of the company’s financial strength and capital efficiency.
The most recent analyst rating on (JP:9072) stock is a Hold with a Yen4367.00 price target. To see the full list of analyst forecasts on NIKKON Holdings Co stock, see the JP:9072 Stock Forecast page.
NIKKON Holdings has resolved to reverse ¥43 billion from its general reserve and transfer the same amount to retained earnings brought forward. The move is intended to enhance flexibility in the company’s capital policies so it can better respond to changes in the business environment, without altering the overall level of net assets or impacting reported financial results.
Because this transaction is purely a reclassification within shareholders’ equity, NIKKON’s balance sheet strength and profit figures remain unchanged. For investors and other stakeholders, the decision signals a more agile financial structure that could facilitate future shareholder returns, strategic investments, or other capital measures as market conditions evolve.
The most recent analyst rating on (JP:9072) stock is a Hold with a Yen4367.00 price target. To see the full list of analyst forecasts on NIKKON Holdings Co stock, see the JP:9072 Stock Forecast page.
NIKKON Holdings has reported the latest progress of its ongoing share buyback program authorized by its board in September 2025. During the period from January 1 to January 31, 2026, the company repurchased 588,600 shares of its common stock for a total of approximately ¥2.09 billion through market purchases on the Tokyo Stock Exchange. Under the broader resolution allowing buybacks of up to 7.5 million shares or ¥15 billion between September 8, 2025 and March 31, 2026, NIKKON has, as of January 31, 2026, cumulatively bought back 3,480,300 shares for about ¥12.08 billion. This sizable progress toward the authorized ceiling signals continued emphasis on shareholder returns and capital efficiency, and may lead to an enhanced earnings-per-share profile and a tighter free-float for investors as the program advances.
The most recent analyst rating on (JP:9072) stock is a Buy with a Yen3997.00 price target. To see the full list of analyst forecasts on NIKKON Holdings Co stock, see the JP:9072 Stock Forecast page.
NIKKON Holdings has revised downward its consolidated earnings forecast for the fiscal year ending March 31, 2026, cutting projected net sales from ¥280.0 billion to ¥269.0 billion and lowering expected operating profit, ordinary profit and profit attributable to owners of parent by roughly 13–16% from its previous outlook. The company cited weaker-than-expected transaction volumes in certain operations and rising outsourcing costs as key drivers of the downgrade, although forecast dividends remain unchanged, indicating a desire to maintain shareholder returns despite pressure on margins and slower-than-planned top-line growth.
The most recent analyst rating on (JP:9072) stock is a Buy with a Yen3997.00 price target. To see the full list of analyst forecasts on NIKKON Holdings Co stock, see the JP:9072 Stock Forecast page.
NIKKON Holdings reported consolidated net sales of ¥201.4 billion for the nine months ended December 31, 2025, up 8.9% year on year, but operating profit, ordinary profit and profit attributable to owners of parent all declined by around 5%, reflecting margin pressure despite top-line growth. Total assets edged up to ¥434.9 billion while the equity ratio slipped to 54.6% from 56.0%, and basic earnings per share for the period fell slightly to ¥101.61. The company kept its dividend forecast unchanged, projecting an annual dividend of ¥74 per share for the fiscal year ending March 31, 2026 after last year’s stock split, and revised its full-year earnings outlook, now expecting net sales of ¥269.0 billion and modest single-digit profit growth, signaling a cautious but steady earnings trajectory for stakeholders amid a competitive logistics market.
The most recent analyst rating on (JP:9072) stock is a Buy with a Yen3997.00 price target. To see the full list of analyst forecasts on NIKKON Holdings Co stock, see the JP:9072 Stock Forecast page.
NIKKON Holdings has reported interim progress on its ongoing share repurchase program authorized by its board in September 2025, under which it is buying back common stock via market purchases on the Tokyo Stock Exchange. During the period from December 1 to December 31, 2025, the company repurchased 654,900 shares for approximately ¥2.29 billion, bringing cumulative buybacks under the current authorization to 2,891,700 shares at a total cost of about ¥9.99 billion, out of a maximum program size of up to 7.5 million shares and ¥15 billion through March 31, 2026, a move that signals continued capital return to shareholders and potential support for the company’s share price and capital efficiency metrics.
The most recent analyst rating on (JP:9072) stock is a Buy with a Yen4052.00 price target. To see the full list of analyst forecasts on NIKKON Holdings Co stock, see the JP:9072 Stock Forecast page.
NIKKON Holdings has received the final report from a Special Committee made up solely of independent outside directors, which was tasked with objectively examining how revisions to the company’s real estate ownership, management, and operation policies could enhance corporate value over the medium to long term. After extensive meetings, external advice, and property-by-property analysis, the committee recommended that, in principle, all 10 rental properties be considered for sale, and that certain major business-use properties whose capital efficiency remains below the company’s WACC, even after assumed improvement measures, be sequentially liquidated if they can be sold without materially harming operations. The committee further concluded that while simple asset sales have limited impact on capital efficiency, proceeds from real estate liquidation should be deployed either to shareholder returns or to growth investments, including M&A, to improve capital efficiency and strengthen corporate value; NIKKON has stated it will review and respond in line with these recommendations, signaling a potentially more active capital reallocation and portfolio optimization strategy.
The most recent analyst rating on (JP:9072) stock is a Buy with a Yen4052.00 price target. To see the full list of analyst forecasts on NIKKON Holdings Co stock, see the JP:9072 Stock Forecast page.