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NCS&A Co., Ltd.
(9709)
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Rating:75Outperform
Price Target:
¥1,328.00
▼(-17.77% Downside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by strong financial quality (improving profitability and an exceptionally conservative balance sheet) and supportive valuation (low-to-moderate P/E with a high dividend yield). These positives are partially offset by weak technical conditions, with the stock trading below major moving averages and negative MACD despite oversold readings.
Positive Factors
Balance sheet strength
Exceptionally low leverage and a conservative balance sheet materially reduce financial risk and increase resilience through cycles. This durable strength supports capital allocation flexibility—funding M&A, tech investment, or dividends—without relying on external debt.
Negative Factors
Cash conversion shortfall
Operating cash flow consistently trailing net income suggests working-capital drag or timing differences that can impair liquidity during growth phases. Over months, this can constrain reinvestment or force slower growth unless working-capital management improves.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Exceptionally low leverage and a conservative balance sheet materially reduce financial risk and increase resilience through cycles. This durable strength supports capital allocation flexibility—funding M&A, tech investment, or dividends—without relying on external debt.
Read all positive factors
NCS&A Co., Ltd. (9709) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥21.60B
Dividend Yield3.93%
Average Volume (3M)25.59K
Price to Earnings (P/E)9.7
Beta (1Y)0.50
Revenue Growth9.72%
EPS Growth1.57%
CountryJP
Employees1,190
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)132.51
Shares Outstanding18,000,000
10 Day Avg. Volume13,310
30 Day Avg. Volume25,590
Financial Highlights & Ratios
PEG Ratio7.63
Price to Book (P/B)1.71
Price to Sales (P/S)1.05
P/FCF Ratio8.31
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. is a Japanese information technology company offering a diverse portfolio of services. Their expertise spans system architecture, custom software creation, and adapting commercial software packages. They also provide essential hard...
How the Company Makes Money
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NCS&A Co., Ltd. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
94
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 22.49B | 20.49B | 18.91B | 19.39B | 20.46B |
| Gross Profit | 7.17B | 6.25B | 5.64B | 5.46B | 5.51B |
| EBITDA | 3.06B | 2.37B | 2.37B | 1.84B | 1.52B |
| Net Income | 2.07B | 2.11B | 1.54B | 1.27B | 978.42M |
Balance Sheet | |||||
| Total Assets | 21.39B | 21.53B | 19.40B | 18.73B | 17.84B |
| Cash, Cash Equivalents and Short-Term Investments | 11.01B | 11.15B | 9.90B | 9.20B | 9.36B |
| Total Debt | 9.28M | 29.97M | 60.08M | 102.12M | 153.93M |
| Total Liabilities | 7.53B | 7.30B | 7.15B | 8.09B | 7.71B |
| Stockholders Equity | 13.87B | 14.23B | 12.25B | 10.63B | 10.13B |
Cash Flow | |||||
| Free Cash Flow | 2.85B | 2.20B | 1.18B | 697.70M | 1.25B |
| Operating Cash Flow | 2.98B | 2.21B | 1.51B | 1.17B | 1.57B |
| Investing Cash Flow | -614.23M | -415.29M | -316.29M | -636.51M | -63.03M |
| Financing Cash Flow | -2.51B | -507.69M | -504.39M | -693.15M | -403.19M |
NCS&A Co., Ltd. Technical Analysis
Neutral
1615.00
Price Trends
1319.96
Negative
1468.57
Negative
1534.67
Negative
Market Momentum
-8.44
Negative
54.81
Neutral
84.07
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9709, the sentiment is Neutral. The current price of 1615 is above the 20-day moving average (MA) of 1213.70, above the 50-day MA of 1319.96, and above the 200-day MA of 1534.67, indicating a neutral trend. The MACD of -8.44 indicates Negative momentum. The RSI at 54.81 is Neutral, neither overbought nor oversold. The STOCH value of 84.07 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥30.28B | 12.32 | ― | 4.36% | 7.11% | 20.05% | |
77 Outperform | ¥27.80B | 9.73 | ― | 2.93% | 7.86% | 28.33% | |
75 Outperform | ¥21.60B | 9.68 | ― | 3.93% | 9.72% | 1.57% | |
74 Outperform | ¥28.91B | 12.66 | ― | 2.45% | 8.50% | 2.04% | |
69 Neutral | ¥31.48B | 10.51 | ― | 2.22% | 12.35% | 56.74% | |
65 Neutral | ¥31.00B | 8.63 | 10.34% | 4.82% | -2.76% | 36.33% | |
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.