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

• Market Cap: ¥21.72B
• Dividend Yield: 3.3%
• Average Volume (3M): 89.73K
• Price to Earnings (P/E): 13.3
• Beta (1Y): 0.84
• 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: 64,350
• 30 Day Avg. Volume: 89,730
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: ¥729.00
• Price Target Upside: 8.48% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 72 Outperform
• Price Target: ¥729.00 ▲(8.48% Upside)

NISSO HOLDINGS has a solid financial foundation with strong revenue growth and operational efficiency. The stock's valuation is fair with an attractive dividend yield. However, technical indicators suggest a neutral to slightly bearish trend, which tempers the overall outlook.

NISSO HOLDINGS Co.,Ltd Business Overview & Revenue Model

Company Description

NISSO HOLDINGS Co., Ltd provides human resources services in Japan. The company offers recruitment, manufacturing outsourcing, labor management support, and consulting services. It also offers engineer and manufacture dispatch services; IT solutions and training services. The company serves mechanical, electrical, electronic, and chemical engineering, and IT sectors. NISSO HOLDINGS Co., Ltd was founded in 1971 and is headquartered in Yokohama, Japan.

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, with improving margins. The balance sheet is stable with low leverage and a strong equity base. Cash flow generation remains positive, though challenges in operating cash flow need attention.

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	101.56B	101.56B	96.86B	90.83B	77.55B	68.21B
Gross Profit	17.44B	17.44B	16.02B	14.55B	12.95B	11.79B
EBITDA	3.67B	3.67B	3.48B	2.74B	2.67B	2.80B
Net Income	1.94B	1.94B	1.95B	1.62B	1.70B	1.59B
Balance Sheet
Total Assets	31.28B	31.28B	31.35B	30.09B	27.46B	21.63B
Cash, Cash Equivalents and Short-Term Investments	8.19B	8.19B	9.64B	9.80B	8.78B	5.87B
Total Debt	1.53B	1.53B	2.06B	2.52B	3.01B	67.00M
Total Liabilities	14.48B	14.48B	16.02B	15.29B	13.90B	8.87B
Stockholders Equity	16.50B	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: Positive
• Last Price: 672.00
• 50DMA: Positive
• 100DMA: Positive
• 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 672 is above the 20-day moving average (MA) of 656.45, above the 50-day MA of 658.22, and below the 200-day MA of 694.30, indicating a neutral trend. The MACD of 1.43 indicates Negative momentum. The RSI at 53.35 is Neutral, neither overbought nor oversold. The STOCH value of 47.22 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	21.52B	15.74	―	4.15%	9.51%	22.90%
6539	79 Outperform	25.60B	24.32	10.68%	5.47%	38.75%	-3.18%
9332	72 Outperform	¥21.72B	13.29	―	3.30%	3.05%	-22.47%
6070	68 Neutral	31.51B	16.38	12.35%	4.50%	-4.87%	-14.53%
6089	68 Neutral	23.63B	17.40	8.12%	4.25%	0.73%	-35.91%
4433	58 Neutral	19.97B	52.50	-0.25%	3.31%	4.12%	38.91%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

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.

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.