NISSO HOLDINGS Co.,Ltd (9332) AI Stock Analysis

• Market Cap: ¥22.12B
• Dividend Yield: 3.34%
• Average Volume (3M): 104.15K
• Price to Earnings (P/E): 11.5
• Beta (1Y): 0.86
• Revenue Growth: 4.85%
• EPS Growth: 1.55%
• Country: JP
• Employees: 2,336
• Sector: Industrials
• Sector Strength: 88
• Industry: Staffing & Employment Services
• EPS (TTM): 9.94
• Shares Outstanding: 34,024,720
• 10 Day Avg. Volume: 103,400
• 30 Day Avg. Volume: 104,146
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ¥688.00
• Price Target Upside: 3.15% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 79 Outperform
• Price Target: ¥741.00 ▲(11.09%Upside)

NISSO HOLDINGS shows strong financial performance with robust revenue growth and operational efficiency. The technical analysis indicates a positive short-term trend, and the valuation suggests the stock may be undervalued, supported by a good dividend yield. However, challenges in cash flow generation need attention.

NISSO HOLDINGS Co.,Ltd Business Overview & Revenue Model

Company Description

NISSO HOLDINGS Co., Ltd. is a Japan-based company primarily engaged in the human resources business. The company offers staffing services, including temporary staffing, recruitment, and outsourcing solutions, catering to a wide range of industries such as manufacturing, information technology, and healthcare. NISSO HOLDINGS is dedicated to providing comprehensive human resource solutions that facilitate the optimal match between employers and job seekers.

How the Company Makes Money

NISSO HOLDINGS Co., Ltd. generates revenue primarily through its staffing services. The company earns income by charging client companies fees for providing temporary staff, which can be based on hourly rates or fixed contract terms. Recruitment services also contribute to its revenue, where the company charges fees for successful placements of permanent staff. Additionally, NISSO HOLDINGS benefits from outsourcing services where it manages specific business processes or operations for client companies, often on a contract basis. Key factors contributing to its earnings include the demand for workforce solutions across various sectors in Japan, strategic partnerships with client companies, and its ability to adapt to changing labor market conditions.

NISSO HOLDINGS Co.,Ltd Financial Statement Overview

Summary

NISSO HOLDINGS demonstrates strong revenue growth and operational efficiency, reflected in improving margins. The balance sheet shows financial stability with low leverage and a strong equity base. Cash flow generation remains positive, though challenges in operating cash flow need attention. Overall, the company is stable with strong growth prospects, but must focus on enhancing cash flow from operations.

Income Statement

NISSO HOLDINGS has shown consistent revenue growth with a 4.9% increase from 2024 to 2025. The company's gross profit margin improved to 17.18%, indicating better cost management. However, net profit margin slightly decreased to 1.91%, showing some pressure on profitability despite revenue growth. The EBIT and EBITDA margins improved, reflecting stronger operational efficiency.

Balance Sheet

The company maintains a strong equity base with an equity ratio of 52.78%, suggesting financial stability. The debt-to-equity ratio is low at 0.09, indicating minimal reliance on debt financing. Return on equity is moderate at 11.73%, showing decent profitability relative to equity. Overall, the balance sheet reflects a stable financial position with low leverage.

Cash Flow

NISSO HOLDINGS experienced a decrease in operating cash flow, but maintained a positive free cash flow despite reduced capital expenditures. The free cash flow to net income ratio is strong at 0.63, indicating efficient cash conversion. However, the operating cash flow to net income ratio decreased, suggesting potential challenges in cash generation from operations.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	101.56B	96.86B	90.83B	77.55B	68.21B
Gross Profit	17.44B	16.02B	14.55B	12.95B	11.79B
EBITDA	3.67B	3.48B	2.65B	2.42B	2.89B
Net Income	1.94B	1.95B	1.62B	1.70B	1.59B
Balance Sheet
Total Assets	31.28B	31.35B	30.09B	27.46B	21.63B
Cash, Cash Equivalents and Short-Term Investments	8.19B	9.64B	9.80B	8.78B	5.87B
Total Debt	1.53B	2.06B	2.52B	3.01B	67.00M
Total Liabilities	14.48B	16.02B	15.29B	13.90B	8.87B
Stockholders Equity	16.50B	15.06B	14.57B	13.56B	12.76B
Cash Flow
Free Cash Flow	1.23B	2.51B	2.07B	2.15B	1.48B
Operating Cash Flow	1.68B	3.23B	2.29B	2.27B	1.67B
Investing Cash Flow	-2.08B	-1.29B	-146.00M	-1.54B	-496.00M
Financing Cash Flow	-1.06B	-2.10B	-1.11B	2.16B	-1.67B

NISSO HOLDINGS Co.,Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 667.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9332, the sentiment is Positive. The current price of 667 is above the 20-day moving average (MA) of 652.75, above the 50-day MA of 637.18, and below the 200-day MA of 714.92, indicating a neutral trend. The MACD of 6.99 indicates Negative momentum. The RSI at 60.29 is Neutral, neither overbought nor oversold. The STOCH value of 69.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9332.

NISSO HOLDINGS Co.,Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2163	80 Outperform	¥20.39B	15.80		4.47%	10.04%	19.85%
6539	79 Outperform	¥24.25B	23.36		5.85%	63.38%	-8.52%
9332	79 Outperform	¥22.12B	11.46		3.34%	4.85%	1.55%
6089	71 Outperform	¥22.33B	19.32		4.61%	1.07%	-58.60%
6070	68 Neutral	¥26.87B	14.73		5.36%	-7.75%	-16.92%
Sector *	64 Neutral	$10.64B	16.52	6.24%	2.15%	3.01%	-28.89%
4433	58 Neutral	¥20.38B	53.34		3.06%	4.12%	38.91%

NISSO HOLDINGS Co.,Ltd Corporate Events

NISSO HOLDINGS Announces Treasury Share Disposal for Enhanced Corporate Value

NISSO HOLDINGS Co., Ltd. has announced the disposal of treasury shares as part of a restricted share remuneration plan aimed at enhancing corporate value and aligning management interests with shareholders. This strategic move involves allocating shares to directors and executive officers, promoting long-term value sharing and engagement in the company’s management, with implications for improved corporate governance and stakeholder alignment.

NISSO HOLDINGS Announces New Leadership Structure

NISSO HOLDINGS Co., Ltd. announced the election of new directors and the establishment of its executive officer structure following the General Meeting of Shareholders. This restructuring is expected to impact the company’s strategic direction and operational management, potentially influencing its market positioning and stakeholder relationships.

NISSO HOLDINGS Proposes Amendments to Articles of Incorporation

NISSO HOLDINGS Co., Ltd. has announced a proposal for partial amendments to its Articles of Incorporation, which will be presented at the upcoming General Meeting of Shareholders. The proposed changes aim to clarify the business activities of the company and its subsidiaries by adding a new business purpose related to contracting various types of security services. This amendment reflects the company’s efforts to align its corporate governance with its current business operations, potentially impacting its strategic direction and stakeholder interests.

NISSO HOLDINGS Announces Increased Dividend Payout

NISSO HOLDINGS Co., Ltd. has announced a proposal to pay dividends of 22.00 yen per share for the fiscal year ended March 31, 2025, marking an increase from the previous year’s 20.50 yen. This decision aligns with the company’s policy of maintaining a dividend payout ratio of 30% or more, reflecting its commitment to shareholder returns and corporate value enhancement.