NCS&A Co., Ltd. (9709) AI Stock Analysis

• Market Cap: ¥27.93B
• Dividend Yield: 3.77%
• Average Volume (3M): 32.23K
• Price to Earnings (P/E): 12.2
• Beta (1Y): 0.46
• Revenue Growth: 8.21%
• EPS Growth: 43.69%
• Country: JP
• Employees: 1,190
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 26.52
• Shares Outstanding: 18,000,000
• 10 Day Avg. Volume: 26,480
• 30 Day Avg. Volume: 32,233
• PEG Ratio: 0.19
• Price to Book (P/B): 1.05
• Price to Sales (P/S): 0.73
• P/FCF Ratio: 6.79
• 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: 80 Outperform
• Price Target: ¥1,768.00 ▲(5.30% Upside)

NCS&A Co., Ltd. scores highly due to its strong financial performance and attractive valuation. The technical analysis indicates strong momentum, although the overbought RSI suggests caution. The absence of earnings call data and corporate events does not detract from the overall positive outlook.

NCS&A Co., Ltd. Business Overview & Revenue Model

Company Description

NCS&A Co., Ltd. (9709) is a leading company in the technology sector, specializing in the development and provision of advanced software solutions and IT services. The company operates primarily within the information technology and telecommunications industries, offering a range of products including enterprise software, cloud computing services, and cybersecurity solutions. NCS&A is dedicated to helping businesses enhance their operational efficiency and security through innovative technology.

How the Company Makes Money

NCS&A Co., Ltd. generates revenue through various streams, primarily by selling software licenses and subscription services for its enterprise software solutions. The company also earns income from its consulting and support services, which assist clients in implementing and optimizing technology solutions. Additionally, NCS&A partners with other tech firms to integrate complementary services, expanding its market reach and enhancing its offerings. Significant partnerships may include collaborations with cloud service providers and cybersecurity firms, which contribute to the overall revenue by attracting new clients and enhancing service capabilities.

NCS&A Co., Ltd. Financial Statement Overview

Summary

NCS&A Co., Ltd. demonstrates strong financial health with consistent revenue growth, robust profitability margins, and a solid balance sheet with minimal leverage. Effective cash flow management enhances its financial stability, making it well-positioned in the industry.

Income Statement

NCS&A Co., Ltd. demonstrates strong revenue growth with a 8.38% increase from 2024 to 2025, coupled with improving profit margins. The gross profit margin for 2025 stands at 30.5%, and the net profit margin is 10.29%, indicating efficient cost management and profitability. The EBIT margin of 9.73% and EBITDA margin of 11.58% further showcase the company's operational efficiency. Overall, the company exhibits robust growth and solid profitability metrics.

Balance Sheet

The company's balance sheet is characterized by a very low debt-to-equity ratio of 0.002, reflecting minimal leverage and a strong equity position. With a return on equity of 14.82% in 2025, the company effectively utilizes shareholder funds to generate profits. Additionally, the equity ratio of 66.72% highlights a stable financial structure with a significant portion of assets funded by equity. These factors suggest financial stability and low risk.

Cash Flow

Cash flow analysis reveals a significant improvement in free cash flow, growing by 85.48% from 2024 to 2025. The operating cash flow to net income ratio of 1.05 indicates strong cash generation relative to profits, and the free cash flow to net income ratio of 1.04 further supports this strength. The company's ability to generate cash exceeds net income, underlining efficient cash management and a solid financial position.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	20.68B	20.49B	18.91B	19.39B	20.46B	19.75B
Gross Profit	6.43B	6.25B	5.64B	5.46B	5.51B	5.11B
EBITDA	2.45B	2.37B	2.37B	1.84B	1.52B	1.23B
Net Income	2.24B	2.11B	1.54B	1.27B	978.42M	789.85M
Balance Sheet
Total Assets	20.99B	21.32B	19.21B	18.59B	17.70B	16.85B
Cash, Cash Equivalents and Short-Term Investments	11.35B	11.15B	9.90B	9.20B	9.36B	8.35B
Total Debt	23.54M	29.97M	60.08M	102.12M	153.93M	214.81M
Total Liabilities	6.95B	7.09B	6.96B	7.96B	7.57B	7.52B
Stockholders Equity	14.04B	14.23B	12.25B	10.63B	10.13B	9.33B
Cash Flow
Free Cash Flow	0.00	2.20B	1.18B	697.70M	1.25B	106.02M
Operating Cash Flow	0.00	2.21B	1.51B	1.17B	1.57B	250.10M
Investing Cash Flow	0.00	-415.29M	-316.29M	-636.51M	-63.03M	-103.80M
Financing Cash Flow	0.00	-507.69M	-504.39M	-693.15M	-403.19M	-1.28B

NCS&A Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1679.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9709, the sentiment is Positive. The current price of 1679 is above the 20-day moving average (MA) of 1669.07, above the 50-day MA of 1499.35, and above the 200-day MA of 1102.62, indicating a bullish trend. The MACD of 57.41 indicates Positive momentum. The RSI at 64.73 is Neutral, neither overbought nor oversold. The STOCH value of 67.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9709.

NCS&A Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9709	80 Outperform	¥27.93B	12.23	―	3.77%	8.21%	43.69%
2185	78 Outperform	¥21.50B	10.03	―	3.19%	-1.95%	34.62%
4396	76 Outperform	¥32.80B	21.71	―	1.58%	22.28%	19.79%
2349	73 Outperform	¥25.49B	10.74	―	1.21%	9.56%	7.39%
3837	67 Neutral	¥23.39B	21.78	―	2.30%	9.83%	23.34%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%