NF Holdings Corporation (JP:6864)
:6864
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NF Holdings Corporation
(6864)
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Rating:67Neutral
Price Target:
¥2,666.00
▲(138.25% Upside)
Action:Downgraded
Date:06/05/26
The score is driven primarily by solid financial fundamentals—especially a very strong low-debt balance sheet and improved margins—partly offset by declining revenue and mixed cash conversion. Technically the stock is in a strong uptrend but looks overbought, while valuation is a headwind given the elevated P/E and modest yield.
Positive Factors
Very low leverage / strong balance sheet
Exceptionally low debt (D/E ~0.02) gives durable financial flexibility: the firm can fund R&D, custom engineering, capex or weather industry downturns without refinancing pressure, supporting long-term investment in product development and customer-specific solutions.
Negative Factors
Multi-year revenue decline
Sustained top-line contraction (multi-year decline and a sharp recent drop) is a structural concern: without recovery in demand or new OEM wins, scale and utilization fall, threatening margin durability, R&D payback and long-term revenue visibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low leverage / strong balance sheet
Exceptionally low debt (D/E ~0.02) gives durable financial flexibility: the firm can fund R&D, custom engineering, capex or weather industry downturns without refinancing pressure, supporting long-term investment in product development and customer-specific solutions.
Read all positive factors
NF Holdings Corporation (6864) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥16.70B
Dividend Yield2.85%
Average Volume (3M)97.94K
Price to Earnings (P/E)25.8
Beta (1Y)0.89
Revenue Growth0.60%
EPS Growth43.71%
CountryJP
Employees324
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)51.72
Shares Outstanding7,070,000
10 Day Avg. Volume155,340
30 Day Avg. Volume97,943
Financial Highlights & Ratios
PEG Ratio0.33
Price to Book (P/B)0.71
Price to Sales (P/S)1.02
P/FCF Ratio9.44
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
NF Holdings Corporation Business Overview & Revenue Model
Company Description
NF Holdings Corporation provides measurement instruments, power supply and power control products, function modules, and customized products in Japan. Its measurement instruments include signal generators, LCR meters, impedance analyzers, AC voltm...
How the Company Makes Money
NF Holdings Corporation generates revenue primarily from selling power-supply and related electronic products (including specialized/high-voltage power supplies and associated equipment) to industrial, research, and medical/healthcare customers. E...
NF Holdings Corporation Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
88
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.28B | 9.14B | 9.08B | 9.40B | 9.64B | 10.15B |
| Gross Profit | 3.30B | 3.50B | 3.16B | 2.96B | 3.12B | 3.54B |
| EBITDA | 983.41M | 1.25B | 898.24M | 703.43M | 706.07M | 1.19B |
| Net Income | 363.03M | 647.64M | 450.65M | 323.84M | 457.08M | 615.47M |
Balance Sheet | ||||||
| Total Assets | 16.03B | 16.51B | 17.35B | 18.70B | 18.90B | 18.70B |
| Cash, Cash Equivalents and Short-Term Investments | 4.78B | 5.07B | 5.45B | 5.34B | 5.53B | 6.11B |
| Total Debt | 911.59M | 310.51M | 1.42B | 1.92B | 2.03B | 2.25B |
| Total Liabilities | 2.47B | 2.47B | 3.68B | 4.76B | 5.18B | 5.28B |
| Stockholders Equity | 12.45B | 13.03B | 12.56B | 12.64B | 12.40B | 12.04B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 983.12M | 169.94M | 189.88M | -210.28M | -939.00M |
| Operating Cash Flow | 0.00 | 1.49B | 340.99M | 530.27M | 279.42M | -594.86M |
| Investing Cash Flow | 0.00 | 368.90M | 1.28B | -44.99M | -700.91M | -832.14M |
| Financing Cash Flow | 0.00 | -1.34B | -735.83M | -349.43M | -540.72M | -580.87M |
NF Holdings Corporation Technical Analysis
Positive
1119.00
Price Trends
1551.15
Positive
1404.83
Positive
1320.45
Positive
Market Momentum
221.79
Negative
73.09
Negative
88.10
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6864, the sentiment is Positive. The current price of 1119 is below the 20-day moving average (MA) of 1829.55, below the 50-day MA of 1551.15, and below the 200-day MA of 1320.45, indicating a bullish trend. The MACD of 221.79 indicates Negative momentum. The RSI at 73.09 is Negative, neither overbought nor oversold. The STOCH value of 88.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6864.
NF Holdings Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥181.09B | 30.13 | ― | 3.23% | 5.32% | -3.12% | |
70 Outperform | ¥74.18B | 19.63 | ― | 3.05% | 8.87% | -12.83% | |
68 Neutral | ¥52.96B | 14.17 | ― | 4.53% | 5.02% | 354.47% | |
67 Neutral | ¥16.70B | 25.79 | ― | 2.85% | 0.60% | 43.71% | |
66 Neutral | ¥9.56B | 20.84 | ― | 2.45% | 14.74% | -73.19% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥35.61B | 4.78 | ― | 1.95% | 7.56% | ― |
* Technology Sector Average
JP:6864
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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.