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NAC Co., Ltd.
(9788)
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Rating:64Neutral
Price Target:
¥538.00
▼(-1.28% Downside)
Action:Downgraded
Date:05/21/26
The score is driven primarily by a steady but mixed financial profile (moderate profitability and notable cash-flow volatility), partially offset by attractive valuation (low P/E and strong dividend yield). Technical indicators are the main drag, showing a clear downtrend and weak momentum.
Positive Factors
Improving Leverage
The material decline in debt-to-equity indicates the company has reduced financial leverage and strengthened its balance sheet versus earlier years. That improves funding flexibility, lowers default risk in cyclical downswings, and supports capital allocation for projects over the medium term.
Negative Factors
Cash-Flow Volatility
Large swings in operating and free cash flow across recent years indicate earnings quality inconsistency and project-timing sensitivity. Volatile cash hampers reliable reinvestment, payout predictability and raises refinancing risk when industry activity softens.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Leverage
The material decline in debt-to-equity indicates the company has reduced financial leverage and strengthened its balance sheet versus earlier years. That improves funding flexibility, lowers default risk in cyclical downswings, and supports capital allocation for projects over the medium term.
Read all positive factors
NAC Co., Ltd. (9788) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥22.13B
Dividend Yield4.19%
Average Volume (3M)24.92K
Price to Earnings (P/E)15.8
Beta (1Y)0.37
Revenue Growth-3.08%
EPS Growth-7.72%
CountryJP
Employees1,699
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)39.00
Shares Outstanding43,613,500
10 Day Avg. Volume25,290
30 Day Avg. Volume24,920
Financial Highlights & Ratios
PEG Ratio0.59
Price to Book (P/B)0.94
Price to Sales (P/S)0.37
P/FCF Ratio21.87
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
NAC Co., Ltd. Business Overview & Revenue Model
Company Description
Nac Co., Ltd., a Tokyo-based Japanese enterprise, is primarily engaged in the water supply and residential construction industries. The company manufactures and delivers bottled water directly to consumers, alongside providing financial and insura...
NAC Co., Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
72
Positive
Cash Flow
54
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 58.92B | 59.79B | 54.43B | 57.07B | 54.92B |
| Gross Profit | 27.54B | 27.25B | 26.12B | 26.88B | 26.09B |
| EBITDA | 3.54B | 4.25B | 3.42B | 4.42B | 3.96B |
| Net Income | 1.63B | 1.36B | 1.44B | 2.00B | 1.71B |
Balance Sheet | |||||
| Total Assets | 38.88B | 38.19B | 37.62B | 38.73B | 39.72B |
| Cash, Cash Equivalents and Short-Term Investments | 8.48B | 8.59B | 8.06B | 11.03B | 12.29B |
| Total Debt | 7.18B | 7.22B | 7.18B | 7.23B | 8.83B |
| Total Liabilities | 15.76B | 15.79B | 14.89B | 15.53B | 17.58B |
| Stockholders Equity | 23.11B | 22.39B | 22.71B | 23.20B | 22.06B |
Cash Flow | |||||
| Free Cash Flow | 994.00M | 3.80B | -121.00M | 1.55B | 2.68B |
| Operating Cash Flow | 1.36B | 4.15B | 166.00M | 1.74B | 2.88B |
| Investing Cash Flow | -459.00M | -575.00M | -1.27B | -393.00M | -1.14B |
| Financing Cash Flow | -1.00B | -3.07B | -1.91B | -2.56B | -3.74B |
NAC Co., Ltd. Technical Analysis
Positive
545.00
Price Trends
517.88
Positive
515.88
Positive
517.59
Positive
Market Momentum
2.34
Positive
52.76
Neutral
76.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9788, the sentiment is Positive. The current price of 545 is above the 20-day moving average (MA) of 532.20, above the 50-day MA of 517.88, and above the 200-day MA of 517.59, indicating a neutral trend. The MACD of 2.34 indicates Positive momentum. The RSI at 52.76 is Neutral, neither overbought nor oversold. The STOCH value of 76.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9788.
NAC Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥26.65B | 7.52 | ― | 2.97% | -7.45% | 106.09% | |
77 Outperform | ¥25.03B | 6.59 | ― | 3.44% | 6.41% | 38.90% | |
67 Neutral | ¥20.64B | 12.75 | ― | 3.59% | 1.71% | 20.61% | |
65 Neutral | ¥26.92B | 10.54 | ― | 2.37% | 3.65% | 19.76% | |
64 Neutral | ¥22.13B | 15.85 | ― | 4.18% | -3.08% | -7.72% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
37 Underperform | ¥10.80B | -13.80 | ― | ― | -9.88% | -12.16% |
* General Sector Average
JP:9788
NAC Co., Ltd.
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-0.09%
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NAC Co., Ltd. Corporate Events
NAC Completes Treasury Share Buyback to Boost Capital Efficiency
May 18, 2026
NAC Co., Ltd. has completed a share repurchase to improve capital efficiency and enhance corporate value, acquiring 1,455,000 of its own common shares for approximately JPY 745 million. The company intends to use these treasury shares flexibly, in...
NAC Reveals Delayed Disclosure of Major Shareholder Change After Share Buyback
May 15, 2026
NAC Co., Ltd. has announced a change in its major shareholder structure resulting from a share repurchase carried out in May 2023. The buyback reduced the total number of voting rights, thereby proportionally increasing the ownership ratio of exis...
NAC Co., Ltd. Launches ¥820 Million Share Buyback to Boost Capital Efficiency
May 15, 2026
NAC Co., Ltd. has approved a share buyback of up to 1.6 million common shares, representing 3.80% of its outstanding stock excluding treasury shares, with a maximum acquisition cost of ¥820 million. The shares will be repurchased via the Toky...
NAC Co., Ltd. Profit Rises Despite Lower Sales as Company Projects Earnings Recovery in 2027
May 15, 2026
NAC Co., Ltd. reported consolidated net sales of ¥58.9 billion for the fiscal year ended March 31, 2026, down 1.5% year on year, with operating profit falling 17.4% to ¥2.48 billion, while profit attributable to owners of parent rose 19....
NAC Co., Ltd. Sees Profit Rise Despite Lower Sales, Keeps Dividend and Projects Earnings Rebound
May 15, 2026
NAC Co., Ltd. reported a slight 1.5% decline in net sales to ¥58.9 billion for the year ended March 31, 2026, while operating profit fell 17.4% to ¥2.48 billion and ordinary profit dropped 17.7%. Despite weaker margins, profit attributab...
NAC Co., Ltd. Names Hironari Kawakami as New President and CEO in Generational Leadership Shift
Apr 24, 2026
NAC Co., Ltd. announced a leadership reshuffle, with current President and CEO Kan Yoshimura transitioning to Chairman and Representative Director, while Senior Managing Executive Officer and Director Hironari Kawakami will be promoted to Presiden...
NAC Co., Ltd. to Strengthen Governance With New Outside Audit Board Member
Apr 24, 2026
NAC Co., Ltd. has resolved at its board meeting to nominate attorney Shino Hirose as an Outside Audit Supervisory Board Member, with formal appointment slated for approval at the June 26, 2026 annual shareholders’ meeting. The move reflects...
NAC to Make Staffing Joint Venture Good Life Business Support a Wholly Owned Subsidiary
Apr 24, 2026
NAC Co., Ltd. has signed a share transfer agreement to acquire the remaining 50% stake in Good Life Business Support Inc. from Backs Group Inc., turning the staffing-focused joint venture into a wholly owned subsidiary. GLBS, established in 2019 a...
NAC Co., Ltd. Reshapes Board With New Director Appointments and Resignation
Mar 27, 2026
NAC Co., Ltd. has announced board changes, nominating senior executives Syuji Otsuki and Jiro Ando as new directors to be formally appointed at the June 26, 2026 annual shareholders’ meeting. Otsuki, who leads the CreCla Business Company and...
NAC Reshapes Group Leadership With Wide-Ranging Executive and Subsidiary Changes
Mar 27, 2026
NAC Co., Ltd. has approved a broad slate of personnel changes across the parent company and key consolidated subsidiaries, effective April 1, 2026, as part of a restructuring of its leadership and business unit responsibilities. At the core compan...
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.