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Nisshin Group Holdings Co., Ltd. (8881) AI Stock Analysis

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JP:8881

Nisshin Group Holdings Co., Ltd.

(TSE/TYO:8881)

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Rating:62Neutral
Price Target:JPY 708.00â–²(12.74% Upside)
Action:reiterated
Date:08/17/26

The score is driven primarily by improving reported profitability and growth, but is materially constrained by three consecutive years of negative operating/free cash flow and rising leverage. Valuation is a key offset (low P/E and high dividend yield), while technical indicators are broadly neutral with no strong momentum signal.

Positive Factors
Revenue ReboundThe return to double-digit revenue growth suggests renewed business activity and demand. If sustained, stronger top-line momentum can support operating leverage and provide a more durable base for future earnings improvement.
Negative Factors
Persistent Cash BurnThree years of negative operating and free cash flow show that reported profits are not consistently converting into cash. This can increase funding needs, constrain reinvestment, and raise execution risk if the reversal persists.

Nisshin Group Holdings Co., Ltd. (8881) vs. iShares MSCI Japan ETF (EWJ)

-10%0%10%20%30%40%JP:8881+9.44%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 29.35B
Dividend Yield
5.57%
Average Volume (3M)
130.65K
Price to Earnings (P/E)
7.2
Beta (1Y)
0.58
Revenue Growth
11.20%
EPS Growth
52.08%
Country
Japan
Employees
663
Sector
Real Estate
Sector Strength
65
Industry
Real Estate - Services

Nisshin Group Holdings Co., Ltd. Business Overview & Revenue Model

Company Description

NISSHIN Group Holdings Company, Limited is primarily engaged in the comprehensive development, management, and sales of condominiums, notably under its prominent Palace stage and Duo stage brands. Beyond new developments, the company's activities ext...

How the Company Makes Money

null

Nisshin Group Holdings Co., Ltd. Financial Statement Overview

Summary

FY2026 showed a clear rebound in revenue (+12.2% YoY) and sharply improved profitability, but the overall profile is held back by weak cash conversion: operating cash flow and free cash flow have been negative for three straight years (FY2024–FY2026). Balance sheet risk has also risen as leverage increased (debt-to-equity ~0.80 in FY2026 vs ~0.49 in FY2023), while ROE has been low historically.

Income Statement

66Positive

Balance Sheet

58Neutral

Cash Flow

29Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue87.05B87.82B76.24B81.02B82.35B81.47B
Gross Profit13.57B13.23B10.41B10.62B10.90B12.35B
EBITDA7.28B7.47B3.88B3.89B4.55B5.61B
Net Income4.07B4.20B2.06B2.11B2.76B3.52B
Balance Sheet
Total Assets140.75B147.40B133.39B122.00B120.93B114.97B
Cash, Cash Equivalents and Short-Term Investments47.60B58.08B54.34B57.92B60.94B61.30B
Total Debt57.76B57.22B44.31B35.31B32.41B32.12B
Total Liabilities69.40B74.65B64.22B54.58B55.12B50.84B
Stockholders Equity70.31B71.72B68.06B67.20B65.72B64.03B
Cash Flow
Free Cash Flow0-8.17B-5.53B-617.91M609.99M383.27M
Operating Cash Flow0-6.42B-5.42B-374.81M789.82M840.14M
Investing Cash Flow0-1.76B2.99B-1.68B-541.63M-2.48B
Financing Cash Flow011.76B3.39B-1.04B-1.34B1.85B

Nisshin Group Holdings Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (65)

Financial Indicators

JP:8881 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:8877JP:887776OutperformJPY 78.38B6.04―5.02%49.56%42.33%
JP:8934JP:893472OutperformJPY 125.88B6.9913.50%3.55%3.39%-6.00%
JP:8818JP:881868NeutralJPY 88.34B18.51―2.70%1.72%65.38%
Sector *65Neutral$2.17B12.193.79%4.94%3.15%1.96%
JP:8881JP:888162NeutralJPY 29.35B7.215.79%5.57%11.20%52.08%
JP:3465JP:346559NeutralJPY 97.31B5.36―4.64%14.60%77.73%
JP:3479JP:347959NeutralJPY 82.19B5.67――50.70%364.91%

* Real Estate Sector Average

Performance Comparison

0%20%40%JP:8881JP:8934JP:3465JP:3479JP:8818JP:8877Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:8881 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:8881Nisshin Group Holdings Co., Ltd.628.0054.179.44%
JP:8934Sun Frontier Fudousan Co 2200.00-13.30-0.60%
JP:3465KI-Star Real Estate Co., Ltd.3070.00566.0322.61%
JP:3479TKP Corp1947.00221.0012.80%
JP:8818Keihanshin Building Co., Ltd.926.0080.319.50%
JP:8877ESLEAD CORPORATION5080.00-122.13-2.35%

Nisshin Group Holdings Co., Ltd. Corporate Events

Nisshin Group Holds Guidance as Q1 Profit Falls, Dividend Set to Rise

Aug 7, 2026

Nisshin Group Holdings reported a soft start to the fiscal year, with net sales for the three months ended June 30, 2026 declining 5.3% year on year to ¥13.63 billion and profit attributable to owners of parent dropping 29.4% to ¥310 millio...

Nisshin Group Clarifies Relationship With Controlling Affiliate ND factor

Jun 30, 2026

Nisshin Group Holdings Co., Ltd., a TSE Prime Market-listed company under code 8881, operates in Japan’s real estate-related services sector, with a focus on managing property assets and collaborating with affiliated firms engaged in golf cours...

Nisshin Group Outlines FY2026 Performance and FY2027 Outlook

Jun 2, 2026

Nisshin Group Holdings Co., Ltd. released an outline of its business and financial highlights for fiscal year 2026, covering performance across construction, property management, and real estate operations. The materials also indicate plans for share...

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 17, 2026