NJ Holdings, Inc. (9421) AI Stock Analysis

• Market Cap: ¥3.18B
• Dividend Yield: N/A
• Average Volume (3M): 2.04K
• Price to Earnings (P/E): 98.4
• Beta (1Y): 0.45
• Revenue Growth: -6.09%
• EPS Growth: -88.41%
• Country: JP
• Employees: 887
• Sector: Communication Services
• Sector Strength: 97
• Industry: Telecommunications Services
• EPS (TTM): 8.88
• Shares Outstanding: 5,350,400
• 10 Day Avg. Volume: 1,460
• 30 Day Avg. Volume: 2,043
• PEG Ratio: -1.27
• Price to Book (P/B): 2.17
• Price to Sales (P/S): 0.38
• P/FCF Ratio: -5.42
• 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

• Rating: 49 Neutral
• Price Target: ¥606.00 ▲(0.83% Upside)

The overall score is primarily impacted by financial performance challenges, including low profitability and negative cash flows. Technical analysis provides a slightly positive outlook, but high valuation metrics suggest caution. The absence of earnings call data and corporate events limits additional insights.

NJ Holdings, Inc. Business Overview & Revenue Model

Company Description

NJ Holdings, Inc. (9421) is a diversified company operating primarily in the technology and energy sectors. The company focuses on developing and managing renewable energy projects, alongside providing innovative technology solutions and services. NJ Holdings is committed to sustainable growth and environmental responsibility, leveraging its expertise to deliver high-quality products and services to its clients.

How the Company Makes Money

NJ Holdings, Inc. generates revenue through multiple streams, primarily through the development and management of renewable energy projects such as solar and wind farms. The company sells the energy produced to utility companies and other large-scale energy consumers. Additionally, NJ Holdings offers technology solutions and consultancy services, catering to businesses looking to optimize their operations through innovative technology. Strategic partnerships with key industry players and government incentives for renewable energy projects also contribute significantly to the company's earnings.

NJ Holdings, Inc. Financial Statement Overview

Summary

The financial performance is challenged by low net profit margins and negative cash flows, despite improvements in gross profit margin and debt management. The company struggles with profitability and cash generation, which are critical for financial health.

Income Statement

The income statement shows a mixed performance. Gross profit margin has improved over the years, reaching 19.73% in 2025, indicating better cost management. However, net profit margin remains low at 0.34%, reflecting challenges in converting revenue into profit. Revenue growth has been inconsistent, with a positive growth rate of 4.17% in 2025 after previous declines. EBIT and EBITDA margins are low, suggesting limited operational efficiency and profitability.

Balance Sheet

The balance sheet indicates moderate financial stability. The debt-to-equity ratio has improved to 0.59 in 2025, showing a reduction in leverage. Return on equity is low at 1.92%, reflecting limited profitability from shareholders' investments. The equity ratio is not explicitly calculated, but the company maintains a reasonable level of equity relative to its assets.

Cash Flow

The cash flow statement reveals significant challenges. Operating cash flow is negative, indicating issues in generating cash from operations. Free cash flow is also negative, with a concerning growth rate of -Infinity, highlighting cash flow difficulties. The operating cash flow to net income ratio is negative, and the free cash flow to net income ratio is relatively high at 1.34, suggesting reliance on non-operational sources for cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.11B	9.11B	9.70B	10.13B	10.65B	11.99B
Gross Profit	1.77B	1.80B	1.76B	1.49B	970.82M	2.21B
EBITDA	188.53M	216.00M	417.27M	-237.94M	-994.51M	471.71M
Net Income	31.09M	31.00M	274.86M	-469.24M	-1.23B	-92.47M
Balance Sheet
Total Assets	3.75B	3.75B	3.94B	4.20B	4.65B	5.76B
Cash, Cash Equivalents and Short-Term Investments	851.00M	851.00M	1.69B	1.14B	1.09B	1.25B
Total Debt	952.00M	952.00M	1.10B	1.62B	1.63B	1.20B
Total Liabilities	2.04B	2.04B	2.27B	2.82B	2.75B	2.52B
Stockholders Equity	1.61B	1.61B	1.58B	1.31B	1.80B	3.07B
Cash Flow
Free Cash Flow	0.00	-644.00M	581.75M	300.86M	-727.96M	114.03M
Operating Cash Flow	0.00	-482.00M	661.12M	339.86M	-685.96M	169.03M
Investing Cash Flow	0.00	-194.00M	421.38M	-253.86M	230.32M	-61.41M
Financing Cash Flow	0.00	-165.00M	-526.09M	-43.91M	299.48M	-472.60M

NJ Holdings, Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 601.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9421, the sentiment is Neutral. The current price of 601 is below the 20-day moving average (MA) of 609.45, above the 50-day MA of 599.14, and above the 200-day MA of 567.96, indicating a neutral trend. The MACD of -0.02 indicates Positive momentum. The RSI at 45.73 is Neutral, neither overbought nor oversold. The STOCH value of 9.37 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9421.

NJ Holdings, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9424	73 Outperform	¥25.52B	28.05	―	―	27.43%	-5.71%
4415	72 Outperform	¥7.69B	16.57	―	―	27.56%	47.92%
3842	71 Outperform	¥3.59B	11.44	―	0.85%	6.95%	50.07%
9445	69 Neutral	¥9.89B	10.90	―	3.73%	8.17%	25.32%
9419	61 Neutral	¥2.97B	17.10	―	―	-2.94%	-52.22%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
9421	49 Neutral	¥3.18B	98.38	―	―	-6.09%	-88.41%