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NSD Co., Ltd.
(9759)
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Rating:75Outperform
Price Target:
¥2,712.00
▼(-21.71% Downside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by strong fundamentals—especially the very conservative balance sheet and solid cash generation—partly offset by clearly weak technical momentum (below key moving averages with negative MACD). Valuation and the 3.5% dividend provide additional support.
Positive Factors
Conservative balance sheet
NSD’s minimal-to-zero reported debt and steadily rising equity create durable financial flexibility. Low leverage reduces refinancing and solvency risk, supports investment or buybacks during cycles, and underpins resilience to project revenue volatility over the next several quarters.
Negative Factors
Easing profit margins
A post-2023 softening in margins suggests pressure from cost inflation, contract mix shifts, or competitive pricing. If margin regression persists, return metrics and cash available for reinvestment or dividends could be structurally impaired despite revenue growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
NSD’s minimal-to-zero reported debt and steadily rising equity create durable financial flexibility. Low leverage reduces refinancing and solvency risk, supports investment or buybacks during cycles, and underpins resilience to project revenue volatility over the next several quarters.
Read all positive factors
NSD Co., Ltd. (9759) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥192.89B
Dividend Yield2.49%
Average Volume (3M)262.75K
Price to Earnings (P/E)15.6
Beta (1Y)0.30
Revenue Growth9.30%
EPS Growth10.99%
CountryJP
Employees4,455
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)170.49
Shares Outstanding86,000,000
10 Day Avg. Volume178,240
30 Day Avg. Volume262,746
Financial Highlights & Ratios
PEG Ratio1.46
Price to Book (P/B)2.84
Price to Sales (P/S)1.78
P/FCF Ratio13.31
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)181.8
Revenue Forecast (FY)¥127.30B
NSD Co., Ltd. Business Overview & Revenue Model
Company Description
NSD Co., Ltd. provides various IT solutions in Japan. The company plans, designs, and develops systems; constructs IT infrastructure; and offers IT-utilized and IT consulting services. It also provides IT infrastructure services, including plannin...
How the Company Makes Money
NSD primarily makes money by contracting with customers to build, enhance, and run IT systems. Its main revenue stream is project-based fees for systems integration and software development work, where NSD is paid for activities such as requiremen...
NSD Co., Ltd. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 117.81B | 107.79B | 101.26B | 77.98B | 71.19B |
| Gross Profit | 27.82B | 25.41B | 22.87B | 17.42B | 15.76B |
| EBITDA | 21.47B | 19.73B | 17.97B | 15.60B | 12.35B |
| Net Income | 13.01B | 11.79B | 10.26B | 10.22B | 7.82B |
Balance Sheet | |||||
| Total Assets | 97.44B | 90.48B | 86.41B | 68.16B | 63.27B |
| Cash, Cash Equivalents and Short-Term Investments | 34.91B | 30.36B | 29.42B | 38.37B | 31.82B |
| Total Debt | 0.00 | 1.93B | 3.38B | 200.95M | 281.12M |
| Total Liabilities | 22.64B | 22.23B | 22.37B | 12.70B | 11.43B |
| Stockholders Equity | 73.75B | 67.42B | 62.37B | 54.71B | 51.19B |
Cash Flow | |||||
| Free Cash Flow | 15.71B | 11.71B | 11.90B | 9.95B | 6.97B |
| Operating Cash Flow | 16.16B | 12.30B | 12.19B | 10.07B | 7.24B |
| Investing Cash Flow | -3.00B | 904.00M | -17.85B | 6.02B | -377.12M |
| Financing Cash Flow | -10.60B | -10.27B | -5.77B | -7.57B | -6.15B |
NSD Co., Ltd. Technical Analysis
Neutral
3464.00
Price Trends
2563.40
Positive
2663.70
Negative
2981.44
Negative
Market Momentum
28.24
Negative
64.68
Neutral
78.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9759, the sentiment is Neutral. The current price of 3464 is above the 20-day moving average (MA) of 2508.20, above the 50-day MA of 2563.40, and above the 200-day MA of 2981.44, indicating a neutral trend. The MACD of 28.24 indicates Negative momentum. The RSI at 64.68 is Neutral, neither overbought nor oversold. The STOCH value of 78.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9759.
NSD Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥44.20B | 16.81 | ― | 1.50% | 10.69% | 6.99% | |
77 Outperform | ¥66.28B | 13.51 | 31.71% | 1.68% | 17.64% | 47.00% | |
76 Outperform | ¥30.83B | 11.71 | ― | 2.93% | 12.16% | 18.96% | |
75 Outperform | ¥192.89B | 15.61 | ― | 2.49% | 9.30% | 10.99% | |
74 Outperform | ¥47.45B | 12.65 | 8.02% | 2.73% | 5.82% | 16.78% | |
72 Outperform | ¥180.83B | 21.01 | 24.24% | ― | 16.80% | 27.73% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:9759
NSD Co., Ltd.
2,660.50
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-21.25%
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NSD Co., Ltd. Corporate Events
NSD Uses Treasury Shares for Expanded Restricted Stock Compensation Plan
Jun 25, 2026
NSD Co., Ltd. has approved the disposal of 59,462 shares of its treasury stock as restricted stock compensation for four internal directors, 21 executive officers, and three directors of subsidiaries, with a total value of about 143 million yen. T...
NSD Posts 9% Sales Growth in Early FY2026 Monthly Results
Jun 8, 2026
NSD Co., Ltd. reported preliminary consolidated net sales of ¥9,786 million for May 2026, representing a 9.7% year-on-year increase compared with the same month a year earlier. The company plans to continue disclosing monthly net sales data s...
NSD Reports Progress on Tokyo Stock Exchange Share Buyback Program
Jun 1, 2026
NSD Co., Ltd. has disclosed the status of its ongoing share repurchase program authorized under its Articles of Incorporation pursuant to the Companies Act of Japan. The company is executing market purchases of its common stock on the Tokyo Stock ...
NSD Posts 8.7% Rise in April Net Sales, Signals Solid Fiscal Start
May 14, 2026
NSD Co., Ltd. reported preliminary consolidated net sales of ¥9,905 million for April 2026, representing year-on-year growth of 8.7 percent compared with ¥9,115 million in the same month a year earlier. The company also indicated that it...
NSD Unveils Growth-Focused Three-Year Medium-Term Plan
May 8, 2026
NSD has unveiled a three-year medium-term management plan running from fiscal 2026 to 2028 that aims to position the group as a high-value IT engineering partner supporting critical infrastructure. While preserving its strong profitability and bal...
NSD Launches ¥2 Billion Share Buyback to Lift Shareholder Returns
May 8, 2026
NSD Co., Ltd. said its board has approved a share buyback of up to 750,000 common shares, or about 0.99% of its outstanding stock excluding treasury shares, with a maximum outlay of ¥2 billion. The repurchase will be conducted on the Tokyo St...
NSD Raises Year-End Dividend and Boosts Shareholder Returns
May 8, 2026
NSD Co., Ltd. has announced that its board has approved a year-end dividend of 96 yen per share for shareholders of record as of March 31, 2026, exceeding the prior forecast of 94 yen and up from 87 yen in the previous fiscal year. The total cash ...
NSD Lifts Sales, Profits and Dividends on Solid FY2026 Results, Guides Modest Growth for FY2027
May 8, 2026
NSD Co., Ltd. reported consolidated net sales of ¥117.8 billion for the fiscal year ended March 31, 2026, up 9.3% year on year, with operating income rising 13.2% to ¥19.1 billion and net income attributable to owners of the parent incre...
NSD Revamps Board and Audit Lineup With New Outside Legal Experts
Apr 14, 2026
NSD Co., Ltd. has announced a slate of executive changes, with its Board of Directors approving director and auditor appointments following recommendations from its Governance Committee. All eight current directors, including President and CEO Yos...
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.