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

• Market Cap: ¥21.36B
• Dividend Yield: 3.37%
• Average Volume (3M): 102.05K
• Price to Earnings (P/E): 11.1
• Beta (1Y): 0.87
• Revenue Growth: 4.85%
• EPS Growth: 1.55%
• Country: JP
• Employees: 2,336
• Sector: Industrials
• Sector Strength: 92
• Industry: Staffing & Employment Services
• EPS (TTM): 9.94
• Shares Outstanding: 34,024,720
• 10 Day Avg. Volume: 114,880
• 30 Day Avg. Volume: 102,046
• PEG Ratio: -3.33
• Price to Book (P/B): 1.66
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 11.69
• 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: 6.83% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 73 Outperform
• Price Target: ¥718.00 ▲(11.49%Upside)

NISSO HOLDINGS shows strong financial performance with revenue growth and operational efficiency, supported by a stable balance sheet. The stock's valuation is attractive with a reasonable P/E ratio and a good dividend yield. Technical indicators suggest short-term bullish momentum, although long-term resistance remains. The main areas to watch include improving 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 human resource services sector. It specializes in providing staffing and employment services across various industries, including manufacturing, healthcare, and information technology. The company offers temporary staffing, permanent placement, and outsourced services to a diverse client base, facilitating efficient workforce solutions and meeting the dynamic staffing needs of its clients.

How the Company Makes Money

NISSO HOLDINGS Co., Ltd. generates revenue through its comprehensive suite of staffing and employment services. The key revenue streams include fees from temporary staffing services, where the company places workers in client organizations on a temporary basis and charges a service fee. Additionally, the company earns revenue from permanent placement services, receiving placement fees when successfully matching candidates with permanent roles in client companies. Outsourced services, where NISSO manages specific functions or projects for clients, also contribute to its earnings. The company's earnings are further supported by strategic partnerships with organizations across various sectors, enabling it to provide tailored workforce solutions and maintain a stable revenue flow.

NISSO HOLDINGS Co.,Ltd Financial Statement Overview

Summary

NISSO HOLDINGS exhibits strong revenue growth and improved operational efficiency, with increasing gross profit margins. The balance sheet is stable with low leverage, but cash flow generation requires attention due to challenges in operating cash flow.

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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	100.67B	101.56B	96.86B	90.83B	77.55B	68.21B
Gross Profit	17.34B	17.44B	16.02B	14.55B	12.95B	11.79B
EBITDA	3.89B	3.67B	3.48B	2.65B	2.42B	2.89B
Net Income	2.16B	1.94B	1.95B	1.62B	1.70B	1.59B
Balance Sheet
Total Assets	31.60B	31.28B	31.35B	30.09B	27.46B	21.63B
Cash, Cash Equivalents and Short-Term Investments	7.21B	8.19B	9.64B	9.80B	8.78B	5.87B
Total Debt	1.65B	1.53B	2.06B	2.52B	3.01B	67.00M
Total Liabilities	15.13B	14.48B	16.02B	15.29B	13.90B	8.87B
Stockholders Equity	16.18B	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: Neutral
• Last Price: 644.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9332, the sentiment is Neutral. The current price of 644 is above the 20-day moving average (MA) of 636.05, above the 50-day MA of 637.58, and below the 200-day MA of 722.19, indicating a neutral trend. The MACD of 4.91 indicates Negative momentum. The RSI at 60.92 is Neutral, neither overbought nor oversold. The STOCH value of 80.19 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	¥20.94B	16.23		4.26%	10.04%	19.85%
6539	79 Outperform	¥23.32B	22.47		6.00%	63.38%	-8.52%
9332	73 Outperform	¥21.36B	11.07		3.37%	4.85%	1.55%
6089	73 Outperform	¥21.30B	18.31		4.75%	1.07%	-58.60%
6070	68 Neutral	¥25.87B	14.17		5.49%	-7.75%	-16.92%
Sector *	64 Neutral	kr60.89B	13.58	1.88%	7.60%	0.71%	-4.20%
4433	55 Neutral	¥19.14B	―		3.35%	-1.10%	-102.34%

NISSO HOLDINGS Co.,Ltd Corporate Events

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.

NISSO HOLDINGS Acquires Man to Man Holdings to Boost Market Presence

NISSO HOLDINGS Co., Ltd. has announced its decision to acquire Man to Man Holdings Co., Ltd., converting it into a wholly owned subsidiary through a simplified share exchange. This strategic move aims to strengthen NISSO’s presence in the Chubu-Tokai area, leveraging Man to Man’s expertise in human resources for the manufacturing sector, particularly in the automotive and semiconductor industries. The acquisition is expected to enhance NISSO’s market share and capture future business opportunities by combining resources and expertise.