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Nextage Co., Ltd.
(3186)
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Rating:63Neutral
Price Target:
¥4,393.00
▲(26.60% Upside)
Action:Reiterated
Date:06/20/26
The score is held back primarily by uneven fundamentals—thin and compressing margins, meaningful leverage, and weak/volatile cash conversion—despite very strong revenue growth and solid ROE. Technicals are a key positive, with the price in a clear uptrend and positive momentum, though nearing overbought levels. Valuation is reasonable but not compelling given the modest dividend yield.
Positive Factors
Revenue Growth
Material top-line scaling in 2025 indicates the business is expanding market share and unit volumes. Durable revenue growth supports better fixed-cost absorption, provides operating leverage potential, and creates optionality to invest in network, inventory systems, and services that can sustain growth over 2–6 months and beyond.
Negative Factors
Margin Compression
Declining gross and very thin net margins materially constrain profitability resilience. In a low-margin retail auto model this reduces the buffer against cost inflation or pricing pressure; even with revenue growth, sustained margin erosion risks limiting durable earnings power and reinvestment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Material top-line scaling in 2025 indicates the business is expanding market share and unit volumes. Durable revenue growth supports better fixed-cost absorption, provides operating leverage potential, and creates optionality to invest in network, inventory systems, and services that can sustain growth over 2–6 months and beyond.
Read all positive factors
Nextage Co., Ltd. (3186) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥304.06B
Dividend Yield1.24%
Average Volume (3M)601.26K
Price to Earnings (P/E)19.7
Beta (1Y)1.25
Revenue Growth19.04%
EPS Growth108.13%
CountryJP
Employees7,635
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)162.37
Shares Outstanding80,905,100
10 Day Avg. Volume815,920
30 Day Avg. Volume601,260
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)2.65
Price to Sales (P/S)0.32
P/FCF Ratio67.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,520.00Price Target Upside30.26% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)219.57
Revenue Forecast (FY)¥755.52B
Nextage Co., Ltd. Business Overview & Revenue Model
Company Description
NEXTAGE Co., Ltd. operates as a Japanese automotive retailer, primarily focusing on the sale of both new and pre-owned vehicles throughout the country. The company's service offerings extend to comprehensive vehicle maintenance, repairs, and manda...
How the Company Makes Money
Nextage makes money primarily by retailing used vehicles at a margin over its acquisition and preparation costs. Key revenue streams typically include: (1) Used-vehicle sales: revenue recognized from selling pre-owned cars sourced via direct custo...
Nextage Co., Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
58
Neutral
Cash Flow
44
Neutral
| Breakdown | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 652.07B | 552.78B | 463.46B | 418.12B | 291.26B |
| Gross Profit | 112.17B | 98.67B | 86.83B | 74.03B | 56.73B |
| EBITDA | 25.15B | 17.74B | 20.07B | 21.96B | 17.48B |
| Net Income | 12.81B | 8.01B | 11.56B | 13.89B | 9.66B |
Balance Sheet | |||||
| Total Assets | 226.78B | 222.27B | 177.50B | 161.26B | 111.03B |
| Cash, Cash Equivalents and Short-Term Investments | 17.69B | 35.71B | 29.63B | 19.84B | 22.75B |
| Total Debt | 96.35B | 109.92B | 77.42B | 76.52B | 51.49B |
| Total Liabilities | 147.58B | 149.54B | 110.99B | 104.95B | 69.41B |
| Stockholders Equity | 79.19B | 72.73B | 66.50B | 56.30B | 41.62B |
Cash Flow | |||||
| Free Cash Flow | 3.09B | -11.00B | 13.29B | -30.41B | -4.13B |
| Operating Cash Flow | 9.19B | 3.02B | 33.69B | -17.85B | 3.21B |
| Investing Cash Flow | -7.33B | -18.45B | -23.68B | -13.83B | -8.26B |
| Financing Cash Flow | -19.88B | 21.37B | -227.00M | 28.81B | 317.00M |
Nextage Co., Ltd. Technical Analysis
Positive
3470.00
Price Trends
3650.10
Positive
3514.04
Positive
3079.59
Positive
Market Momentum
100.65
Negative
55.95
Neutral
45.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3186, the sentiment is Positive. The current price of 3470 is below the 20-day moving average (MA) of 3801.50, below the 50-day MA of 3650.10, and above the 200-day MA of 3079.59, indicating a bullish trend. The MACD of 100.65 indicates Negative momentum. The RSI at 55.95 is Neutral, neither overbought nor oversold. The STOCH value of 45.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3186.
Nextage Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥889.46B | 21.70 | 19.13% | 2.64% | 9.45% | 12.95% | |
73 Outperform | ¥19.65B | 12.42 | ― | 2.64% | 5.29% | 1.63% | |
64 Neutral | ¥137.06B | 11.50 | ― | 2.82% | 13.31% | -11.40% | |
63 Neutral | ¥304.06B | 19.70 | ― | 1.24% | 19.04% | 108.13% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | ¥53.23B | 10.83 | ― | 4.49% | 10.55% | -6.00% | |
49 Neutral | ¥2.94B | 20.11 | ― | 1.08% | -0.94% | ― |
* Consumer Cyclical Sector Average
JP:3186
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Nextage Co., Ltd. Corporate Events
Nextage to Spin Off Premium and Imported Car Units Into Wholly Owned Subsidiaries
Apr 15, 2026
Nextage will transfer its Volvo operations to ett Co., Ltd., its Jaguar, Land Rover and BYD businesses to Shin Co., Ltd., its Maserati business to Fiorente Co., Ltd., and its Auto Stage imported car business to ism Co., Ltd. via a simplified absor...
NEXTAGE Posts Profit Surge and Confirms Growth Outlook for FY2026
Apr 6, 2026
NEXTAGE Co., Ltd., a Japan-listed automotive retailer, reported strong growth for the three months ended February 28, 2026, with net sales rising 25.0% year on year to ¥181.1 billion and profit attributable to owners of parent surging 252.2% ...
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.