NCS&A Co., Ltd. (JP:9709)
:9709
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NCS&A Co., Ltd.
(9709)
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Rating:76Outperform
Price Target:
¥1,927.00
▲(19.32% Upside)
Action:ReiteratedDate:01/31/26
The score is driven primarily by strong financial performance (growth, profitability, very low leverage, and improving free cash flow) and favorable valuation (low P/E with a high dividend yield). These positives are partially offset by weak technical positioning, with the stock trading below key moving averages despite oversold RSI conditions.
Positive Factors
Very low leverage and strong equity base
Extremely low debt (D/E 0.002) and a high equity ratio give the company durable financial flexibility to fund growth, weather downturns, and avoid refinancing risk. Combined with ROE ~14.8%, this indicates efficient capital use and a stable funding profile for 2–6+ months and beyond.
Negative Factors
Moderate top-line expansion
Revenue growth of ~8.4% is positive but moderate for an IT services firm operating in dynamic markets. Sustained mid-single-digit growth may constrain long-term market-share gains and limits the pace at which scale-driven margin expansion or meaningful enterprise repositioning can occur.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage and strong equity base
Extremely low debt (D/E 0.002) and a high equity ratio give the company durable financial flexibility to fund growth, weather downturns, and avoid refinancing risk. Combined with ROE ~14.8%, this indicates efficient capital use and a stable funding profile for 2–6+ months and beyond.
Read all positive factors
NCS&A Co., Ltd. (9709) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥26.08B
Dividend Yield3.93%
Average Volume (3M)25.59K
Price to Earnings (P/E)13.4
Beta (1Y)0.49
Revenue Growth11.90%
EPS Growth69.40%
CountryJP
Employees1,190
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)30.22
Shares Outstanding18,000,000
10 Day Avg. Volume13,310
30 Day Avg. Volume25,590
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)1.05
Price to Sales (P/S)0.73
P/FCF Ratio6.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
NCS&A Co., Ltd. Business Overview & Revenue Model
Company Description
NCS&A Co., Ltd. provides various IT services in Japan. It offers system design, software development, package software customization, etc.; hardware maintenance services for computer equipment maintenance; and system support services for general s...
How the Company Makes Money
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NCS&A Co., Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
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 | 21.53B | 19.40B | 18.73B | 17.84B | 16.99B |
| Cash, Cash Equivalents and Short-Term Investments | 11.35B | 11.15B | 9.90B | 9.20B | 9.36B | 8.35B |
| Total Debt | 23.07M | 29.97M | 60.08M | 102.12M | 153.93M | 214.81M |
| Total Liabilities | 6.95B | 7.30B | 7.15B | 8.09B | 7.71B | 7.65B |
| 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
Negative
1615.00
Price Trends
1613.37
Negative
1608.22
Negative
1482.33
Positive
Market Momentum
-16.32
Positive
44.79
Neutral
30.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9709, the sentiment is Negative. The current price of 1615 is below the 20-day moving average (MA) of 1639.20, above the 50-day MA of 1613.37, and above the 200-day MA of 1482.33, indicating a neutral trend. The MACD of -16.32 indicates Positive momentum. The RSI at 44.79 is Neutral, neither overbought nor oversold. The STOCH value of 30.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9709.
NCS&A Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥31.95B | 8.18 | ― | 2.93% | 2.11% | 5.55% | |
76 Outperform | ¥26.08B | 13.36 | ― | 3.93% | 11.90% | 69.40% | |
74 Outperform | ¥28.35B | 16.05 | ― | 2.45% | 19.04% | 30.67% | |
69 Neutral | ¥31.46B | 13.32 | ― | 2.22% | 9.57% | 315.38% | |
68 Neutral | ¥26.94B | 11.13 | ― | 4.36% | 12.32% | 10.42% | |
65 Neutral | ¥30.85B | 10.75 | 10.34% | 4.82% | -3.03% | 38.83% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:9709
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.