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Nextage Co., Ltd.
(3186)
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Rating:58Neutral
Price Target:
¥3,962.00
▲(14.18% Upside)
Action:Reiterated
Date:07/08/26
The score is driven primarily by mixed financial fundamentals: exceptional revenue growth and acceptable ROE are offset by compressed profitability, elevated leverage, and inconsistent cash conversion. Technicals are moderately supportive with price holding above key longer-term moving averages and positive momentum readings. Valuation is neutral-to-fair with a mid-teen P/E and a modest dividend yield.
Positive Factors
Revenue Expansion
Revenue scaled materially, with 2025 growth of approximately 383%, indicating strong expansion of the dealership platform and consumer vehicle sales. Sustained scale can support procurement reach and service attachment, although execution remains important.
Negative Factors
Margin Compression
Profitability has weakened despite substantial revenue growth, with gross margin falling from approximately 19.5% in 2021 to 17.2% in 2025 and net margin near 2.0%. This leaves limited buffer against procurement, pricing or operating-cost pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Expansion
Revenue scaled materially, with 2025 growth of approximately 383%, indicating strong expansion of the dealership platform and consumer vehicle sales. Sustained scale can support procurement reach and service attachment, although execution remains important.
Read all positive factors
Nextage Co., Ltd. (3186) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥262.56B
Dividend Yield1.34%
Average Volume (3M)601.26K
Price to Earnings (P/E)15.1
Beta (1Y)1.42
Revenue Growth23.06%
EPS Growth160.29%
CountryJP
Employees7,537
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Dealerships
Share Statistics
EPS (TTM)199.01
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
¥5,410.00Price Target Upside55.91% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)234.89
Revenue Forecast (FY)¥784.82B
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 selling vehicles through its dealership network. The core revenue stream is retail sales of used vehicles to consumers, where revenue is recognized at the time of vehicle delivery/transfer, with gross profit driven...
Nextage Co., Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
58
Neutral
Cash Flow
44
Neutral
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 688.27B | 652.07B | 552.78B | 463.46B | 418.12B | 291.26B |
| Gross Profit | 117.07B | 112.17B | 98.67B | 86.83B | 74.03B | 56.73B |
| EBITDA | 29.04B | 25.15B | 17.74B | 20.07B | 21.96B | 17.48B |
| Net Income | 15.65B | 12.81B | 8.01B | 11.56B | 13.89B | 9.66B |
Balance Sheet | ||||||
| Total Assets | 228.12B | 226.78B | 222.27B | 177.50B | 161.26B | 111.03B |
| Cash, Cash Equivalents and Short-Term Investments | 15.50B | 17.69B | 35.71B | 29.63B | 19.84B | 22.75B |
| Total Debt | 99.89B | 96.35B | 109.92B | 77.42B | 76.52B | 51.49B |
| Total Liabilities | 148.47B | 147.58B | 149.54B | 110.99B | 104.95B | 69.41B |
| Stockholders Equity | 79.65B | 79.19B | 72.73B | 66.50B | 56.30B | 41.62B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.09B | -11.00B | 13.29B | -30.41B | -4.13B |
| Operating Cash Flow | 0.00 | 9.19B | 3.02B | 33.69B | -17.85B | 3.21B |
| Investing Cash Flow | 0.00 | -7.33B | -18.45B | -23.68B | -13.83B | -8.26B |
| Financing Cash Flow | 0.00 | -19.88B | 21.37B | -227.00M | 28.81B | 317.00M |
Nextage Co., Ltd. Technical Analysis
Negative
3470.00
Price Trends
3636.40
Negative
3602.10
Negative
3330.11
Positive
Market Momentum
-41.54
Positive
42.21
Neutral
15.15
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3186, the sentiment is Negative. The current price of 3470 is below the 20-day moving average (MA) of 3471.75, below the 50-day MA of 3636.40, and above the 200-day MA of 3330.11, indicating a neutral trend. The MACD of -41.54 indicates Positive momentum. The RSI at 42.21 is Neutral, neither overbought nor oversold. The STOCH value of 15.15 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥921.53B | 21.78 | 20.96% | 2.80% | 11.30% | 12.09% | |
72 Outperform | ¥21.19B | 12.91 | ― | 2.64% | 6.93% | 11.18% | |
64 Neutral | ¥63.07B | 11.07 | ― | 4.49% | 13.60% | 12.08% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ¥129.22B | 10.24 | ― | 2.77% | 14.34% | -4.02% | |
58 Neutral | ¥262.56B | 15.11 | ― | 1.24% | 23.06% | 160.29% | |
50 Neutral | ¥3.41B | 18.34 | ― | 1.08% | 3.64% | ― |
* Consumer Cyclical Sector Average
JP:3186
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Nextage Co., Ltd. Corporate Events
Nextage Doubles Interim Profit and Lifts Full-Year Outlook on Strong Used Car Demand
Jul 6, 2026
Nextage Co., Ltd., a Tokyo and Nagoya-listed used car retailer, reported strong interim results for the six months ended May 31, 2026, under Japanese accounting standards. The company continues to expand its nationwide automotive retail network, c...
NEXTAGE Lifts FY2026 Earnings Forecast After Strong First-Half Beat
Jul 6, 2026
NEXTAGE Co., Ltd. reported significantly better-than-expected results for the first half of FY2026, with consolidated net sales, operating profit and profit attributable to owners of parent all surpassing earlier forecasts. Earnings per share for ...
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.