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Nippon Care Supply Co., Ltd.
(2393)
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Rating:71Outperform
Price Target:
¥4,823.00
▲(99.71% Upside)
Action:Reiterated
Date:06/11/26
The score is driven primarily by healthy fundamentals—especially a conservative, low-debt balance sheet and improving profitability—tempered by historically volatile cash flow. Technically, the trend is strong but appears overextended, and valuation looks relatively expensive with only a modest dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage limits financial risk and preserves flexibility to fund equipment, service expansion, and working-capital needs. Growing equity further supports resilience as the company operates in Japan’s long-term care ecosystem.
Negative Factors
Uneven historical cash generation
The latest cash-flow recovery is encouraging, but prior negative free cash flow shows that working capital or investment requirements can materially disrupt earnings conversion. Continued volatility could constrain reinvestment and reduce financial predictability.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage limits financial risk and preserves flexibility to fund equipment, service expansion, and working-capital needs. Growing equity further supports resilience as the company operates in Japan’s long-term care ecosystem.
Read all positive factors
Nippon Care Supply Co., Ltd. (2393) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥67.13B
Dividend Yield1.68%
Average Volume (3M)4.19K
Price to Earnings (P/E)28.5
Beta (1Y)-0.02
Revenue Growth8.54%
EPS Growth22.51%
CountryJP
Employees1,062
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)150.51
Shares Outstanding16,237,694
10 Day Avg. Volume2,560
30 Day Avg. Volume4,193
Financial Highlights & Ratios
PEG Ratio0.63
Price to Book (P/B)1.98
Price to Sales (P/S)1.06
P/FCF Ratio13.50
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
Nippon Care Supply Co., Ltd. Business Overview & Revenue Model
Company Description
Operating within Japan, Nippon Care Supply Co., Ltd. specializes in both the rental and wholesale distribution of assistive welfare equipment. Their product offerings encompass items such as electric beds, wheelchairs, and various bathing aids. Be...
How the Company Makes Money
The company makes money primarily by providing welfare/assistive equipment to end users via care providers under Japan’s long-term care ecosystem, with revenue generated from (1) equipment rental services and related recurring fees, and (2) sales/...
Nippon Care Supply Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 35.62B | 34.93B | 32.01B | 28.59B | 25.89B | 23.30B |
| Gross Profit | 13.08B | 12.79B | 11.29B | 10.25B | 9.47B | 8.82B |
| EBITDA | 10.62B | 10.43B | 9.48B | 8.38B | 7.83B | 7.73B |
| Net Income | 2.34B | 2.26B | 1.79B | 1.58B | 1.51B | 1.68B |
Balance Sheet | ||||||
| Total Assets | 28.19B | 27.73B | 26.72B | 25.41B | 23.18B | 21.33B |
| Cash, Cash Equivalents and Short-Term Investments | 721.07M | 692.64M | 740.61M | 711.88M | 1.49B | 1.75B |
| Total Debt | 2.10B | 1.06B | 2.26B | 1.36B | 610.00M | 59.72M |
| Total Liabilities | 10.21B | 9.12B | 9.20B | 8.86B | 7.10B | 5.82B |
| Stockholders Equity | 17.98B | 18.60B | 17.51B | 16.54B | 16.07B | 15.50B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.73B | 538.71M | -306.99M | -794.99M | -635.36M |
| Operating Cash Flow | 0.00 | 3.23B | 1.39B | 339.18M | -7.10M | 53.25M |
| Investing Cash Flow | 0.00 | -934.47M | -1.17B | -775.78M | 132.78M | 741.98M |
| Financing Cash Flow | 0.00 | -2.34B | -189.88M | -343.30M | -381.96M | -724.64M |
Nippon Care Supply Co., Ltd. Technical Analysis
Positive
2415.00
Price Trends
4239.30
Positive
3395.41
Positive
2857.73
Positive
Market Momentum
81.56
Negative
54.38
Neutral
59.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2393, the sentiment is Positive. The current price of 2415 is below the 20-day moving average (MA) of 4205.50, below the 50-day MA of 4239.30, and below the 200-day MA of 2857.73, indicating a bullish trend. The MACD of 81.56 indicates Negative momentum. The RSI at 54.38 is Neutral, neither overbought nor oversold. The STOCH value of 59.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2393.
Nippon Care Supply Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥14.68B | 7.56 | ― | 3.03% | 4.07% | 6.81% | |
71 Outperform | ¥67.13B | 28.54 | ― | 3.01% | 8.54% | 22.51% | |
67 Neutral | ¥43.22B | 6.11 | ― | 3.90% | 52.60% | 34.80% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
57 Neutral | ¥403.89B | 17.87 | ― | 3.62% | 18.54% | -54.13% | |
57 Neutral | ¥1.28T | 10.53 | ― | 3.37% | 8.43% | 47.30% |
* Industrials Sector Average
JP:2393
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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.