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Nihonwasou Holdings, Inc. (JP:2499)
:2499
Japanese Market
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Nihonwasou Holdings, Inc. (2499) AI Stock Analysis

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JP:2499

Nihonwasou Holdings, Inc.

(2499)

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Neutral 62 (OpenAI - 5.2)
Rating:62Neutral
Price Target:
¥312.00
▼(-13.81% Downside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by moderate fundamentals: strong gross profitability and improved free cash flow in 2024–2025, but constrained by uneven revenue trends, some margin softening, and still-elevated leverage. Valuation adds support via a moderate P/E and a high dividend yield, while technicals are mixed with improving near-term momentum but weaker longer-term trend positioning.
Positive Factors
High gross margins
Sustained gross margins near 87%–92% indicate durable unit economics in the kimono services business. High gross profitability provides a structural buffer to absorb SG&A and demand swings, supporting operating profitability and cash generation over the next several months.
Negative Factors
Choppy revenue growth
Inconsistent top-line performance, including a 3.3% decline in 2025, limits visibility into demand for kimono lessons and events. Volatile revenue undermines planning, constrains scalable cost leverage, and raises execution risk for sustaining margins and cash flow.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
Sustained gross margins near 87%–92% indicate durable unit economics in the kimono services business. High gross profitability provides a structural buffer to absorb SG&A and demand swings, supporting operating profitability and cash generation over the next several months.
Read all positive factors

Nihonwasou Holdings, Inc. (2499) vs. iShares MSCI Japan ETF (EWJ)

Nihonwasou Holdings, Inc. Business Overview & Revenue Model

Company Description
Nihonwasou Holdings, Inc. operates as a parent company overseeing several entities, including Nihonwasou, Ito no Takumi Center, Nihonwasou Gijutsuin, and Kimono Refresh Center. The firm's diverse operations encompass the traditional Japanese cloth...
How the Company Makes Money
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Nihonwasou Holdings, Inc. Financial Statement Overview

Summary
Fundamentals are stable-to-moderate: strong and consistent gross margins (~87%–92%) and a recovery in free cash flow to positive levels in 2024–2025 with good cash-to-earnings conversion (~0.95–0.99). Offsetting this, revenue growth is inconsistent with a decline in 2025 (-3.3%), profitability softened from 2024 to 2025 (EBIT margin ~9.8% to ~8.4%; net margin ~6.3% to ~5.2%), and leverage remains a key constraint with elevated debt-to-equity (~1.09x in 2025).
Income Statement
66
Positive
Balance Sheet
54
Neutral
Cash Flow
60
Neutral
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue4.48B4.49B4.70B4.50B4.77B5.06B
Gross Profit4.07B4.09B4.30B4.10B4.38B4.54B
EBITDA380.87M412.77M484.61M352.90M445.56M485.29M
Net Income215.04M231.24M296.47M172.75M236.71M270.88M
Balance Sheet
Total Assets8.56B8.77B9.34B9.21B8.80B8.96B
Cash, Cash Equivalents and Short-Term Investments2.37B2.51B2.75B2.67B2.81B2.87B
Total Debt3.89B4.09B4.58B4.70B4.51B4.44B
Total Liabilities4.96B5.04B5.71B5.75B5.41B5.66B
Stockholders Equity3.60B3.73B3.63B3.46B3.40B3.30B
Cash Flow
Free Cash Flow0.00382.35M331.29M-186.00M22.91M728.81M
Operating Cash Flow0.00385.91M343.06M-179.26M27.24M751.69M
Investing Cash Flow0.00-93.54M-46.20M-25.19M-26.18M-47.97M
Financing Cash Flow0.00-619.40M-245.74M65.29M-76.25M-482.49M

Nihonwasou Holdings, Inc. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price362.00
Price Trends
50DMA
288.62
Positive
100DMA
292.95
Positive
200DMA
321.37
Negative
Market Momentum
MACD
1.13
Positive
RSI
53.34
Neutral
STOCH
67.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2499, the sentiment is Positive. The current price of 362 is above the 20-day moving average (MA) of 293.20, above the 50-day MA of 288.62, and above the 200-day MA of 321.37, indicating a neutral trend. The MACD of 1.13 indicates Positive momentum. The RSI at 53.34 is Neutral, neither overbought nor oversold. The STOCH value of 67.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2499.

Nihonwasou Holdings, Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
¥45.02B11.173.71%-1.79%10.53%
66
Neutral
¥3.70B9.221.70%1.54%0.12%
65
Neutral
¥3.88B7.963.69%-3.57%-2.36%
63
Neutral
$10.79B15.437.44%2.01%2.89%-14.66%
63
Neutral
¥6.69B17.254.39%1.99%114.51%
62
Neutral
¥2.66B16.013.86%-1.24%-44.69%
55
Neutral
¥5.88B32.422.72%-3.93%11.47%
* Industrials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:2499
Nihonwasou Holdings, Inc.
294.00
-68.47
-18.89%
JP:3948
Hikari Business Form Co., Ltd.
1,168.00
-43.38
-3.58%
JP:7805
PRINTNET INC.
731.00
34.00
4.88%
JP:7914
Kyodo Printing Co., Ltd.
1,741.00
265.93
18.03%
JP:7916
Mitsumura Printing Co., Ltd.
1,900.00
444.65
30.55%
JP:7919
Nozaki Insatsu Shigyo Co., Ltd.
227.00
35.07
18.27%
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.Date of analysis: Aug 06, 2026