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

• Market Cap: ¥20.51B
• Dividend Yield: 3.5%
• Average Volume (3M): 96.19K
• Price to Earnings (P/E): 12.6
• Beta (1Y): 0.85
• Revenue Growth: 3.05%
• EPS Growth: -22.47%
• Country: JP
• Employees: 2,336
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): 6.57
• Shares Outstanding: 34,024,720
• 10 Day Avg. Volume: 109,730
• 30 Day Avg. Volume: 96,186
• PEG Ratio: 7.01
• Price to Book (P/B): 1.49
• Price to Sales (P/S): 0.24
• P/FCF Ratio: 20.06
• 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): 69.87
• Revenue Forecast (FY): ¥113.40B

• Rating: 73 Outperform
• Price Target: ¥725.00 ▲(11.54% Upside)

NISSO HOLDINGS shows strong financial performance with robust revenue growth and operational efficiency. The stock's valuation is reasonable with a good dividend yield. Technical indicators suggest a neutral trend with some bullish momentum. The main area of concern is the need to improve cash flow from operations.

NISSO HOLDINGS Co.,Ltd Business Overview & Revenue Model

Company Description

NISSO HOLDINGS Co., Ltd (9332) is a Japanese company primarily engaged in the staffing and outsourcing industry. The company operates through various segments, including temporary staffing, permanent placement, and other human resource services. NISSO HOLDINGS focuses on providing skilled labor solutions across sectors such as manufacturing, logistics, and services, catering to the needs of both domestic and international clients.

How the Company Makes Money

NISSO HOLDINGS generates revenue primarily through its staffing and recruitment services. The company charges clients for placing temporary and permanent employees, receiving a fee that is based on the salary of the employees placed. Key revenue streams include the provision of temporary staff to manufacturing and logistics sectors, which is a significant portion of its business. Additionally, NISSO HOLDINGS earns income through contracts for outsourced services, where they manage workforce solutions for clients. Strategic partnerships with various organizations and companies in different industries enhance their service offerings and contribute to revenue growth. The company's ability to adapt to market demands and expand its service capabilities further strengthens its earnings potential.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	101.36B	101.56B	96.86B	90.83B	77.55B	68.21B
Gross Profit	17.22B	17.44B	16.02B	14.55B	12.95B	11.79B
EBITDA	3.23B	3.67B	3.48B	2.74B	2.67B	2.80B
Net Income	1.64B	1.94B	1.95B	1.62B	1.70B	1.59B
Balance Sheet
Total Assets	35.33B	31.28B	31.35B	30.09B	27.46B	21.63B
Cash, Cash Equivalents and Short-Term Investments	7.22B	8.19B	9.64B	9.80B	8.78B	5.87B
Total Debt	3.81B	1.53B	2.06B	2.52B	3.01B	67.00M
Total Liabilities	18.48B	14.48B	16.02B	15.29B	13.90B	8.87B
Stockholders Equity	16.56B	16.50B	15.06B	14.57B	13.56B	12.76B
Cash Flow
Free Cash Flow	0.00	1.23B	2.51B	2.07B	2.15B	1.48B
Operating Cash Flow	0.00	1.68B	3.23B	2.29B	2.27B	1.67B
Investing Cash Flow	0.00	-2.08B	-1.29B	-146.00M	-1.54B	-496.00M
Financing Cash Flow	0.00	-1.06B	-2.10B	-1.11B	2.16B	-1.67B

NISSO HOLDINGS Co.,Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 650.00
• 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:9332, the sentiment is Negative. The current price of 650 is above the 20-day moving average (MA) of 647.00, below the 50-day MA of 652.76, and below the 200-day MA of 679.80, indicating a bearish trend. The MACD of -6.38 indicates Positive momentum. The RSI at 38.53 is Neutral, neither overbought nor oversold. The STOCH value of 13.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	¥20.96B	15.42	―	4.30%	9.51%	22.90%
9332	73 Outperform	¥20.51B	12.55	―	3.50%	3.05%	-22.47%
6539	73 Outperform	¥24.67B	23.70	―	5.65%	38.75%	-3.18%
6089	68 Neutral	¥23.36B	17.08	―	4.28%	1.18%	-5.05%
6070	64 Neutral	¥28.20B	14.80	―	5.03%	-4.87%	-14.53%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
4433	58 Neutral	¥17.75B	20.81	―	3.81%	8.62%	―

NISSO HOLDINGS Co.,Ltd Corporate Events

NISSO HOLDINGS Reports Decline in Q1 FY 2026 but Maintains Positive Full-Year Outlook

NISSO HOLDINGS Co., Ltd. reported a decline in its financial performance for the first quarter of FY 2026, with net sales slightly decreasing by 0.8% year-on-year. The company experienced significant drops in operating profit, ordinary profit, and profit attributable to owners of the parent, all declining by over 50%. Despite these challenges, the company maintains its full-year forecast, expecting a 13.2% increase in net sales and a 29.1% rise in profit attributable to owners of the parent, indicating a positive outlook for the remainder of the fiscal year.

NISSO HOLDINGS Completes Treasury Share Disposal for Executive Remuneration

NISSO HOLDINGS Co., Ltd. has completed the payment procedures for the disposal of 57,474 treasury shares as restricted share remuneration, with a total disposal amount of 36,898,308 yen. This move, involving directors and executive officers of the company and its subsidiaries, reflects the company’s strategy to incentivize its leadership team, potentially impacting its governance and operational focus.