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Nareru Group Inc.
(9163)
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Rating:72Outperform
Price Target:
¥2,584.00
▲(16.40% Upside)
Action:Reiterated
Date:09/12/26
The score is driven primarily by healthy financial performance (growth, improving leverage, and strong cash conversion) and supportive valuation (low P/E and high dividend yield). Offsetting these positives, technical indicators show muted momentum and the financials flag recent margin compression and less steady free-cash-flow growth.
Positive Factors
Sustained Revenue Growth
Meaningful multi-year revenue expansion indicates sustained demand and increasing business scale rather than reliance on a single reporting period. Continued top-line growth can support operating investment, broaden the company’s market presence, and provide a foundation for durable earnings generation over the next several quarters.
Negative Factors
Margin Compression
The decline in gross and net margins shows that recent revenue growth is carrying more cost pressure than in earlier periods. If this normalization persists, incremental sales may produce less profit, limiting operating leverage and making future earnings growth more dependent on renewed efficiency improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Meaningful multi-year revenue expansion indicates sustained demand and increasing business scale rather than reliance on a single reporting period. Continued top-line growth can support operating investment, broaden the company’s market presence, and provide a foundation for durable earnings generation over the next several quarters.
Read all positive factors
Nareru Group Inc. (9163) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥20.38B
Dividend Yield4.94%
Average Volume (3M)16.42K
Price to Earnings (P/E)10.2
Beta (1Y)0.45
Revenue Growth7.28%
EPS Growth-13.19%
CountryJP
Employees4,283
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)228.64
Shares Outstanding8,753,889
10 Day Avg. Volume18,240
30 Day Avg. Volume16,423
Financial Highlights & Ratios
PEG Ratio-1.47
Price to Book (P/B)1.36
Price to Sales (P/S)0.82
P/FCF Ratio8.81
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
Nareru Group Inc. Business Overview & Revenue Model
Company Description
Nareru Group Inc., together with its subsidiaries, provides engineer outsourcing services for the construction industry in Japan. The company offers engineer dispatching services, construction DX consulting, architectural drawing for the construct...
Nareru Group Inc. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.46B | 24.16B | 21.61B | 17.99B | 14.54B | 12.13B |
| Gross Profit | 6.19B | 5.95B | 5.68B | 4.92B | 3.99B | 3.10B |
| EBITDA | 3.13B | 3.15B | 3.36B | 2.70B | 2.24B | 1.64B |
| Net Income | 2.00B | 2.09B | 2.19B | 1.74B | 1.24B | 1.04B |
Balance Sheet | ||||||
| Total Assets | 24.14B | 24.58B | 23.62B | 22.51B | 20.16B | 19.25B |
| Cash, Cash Equivalents and Short-Term Investments | 4.24B | 4.82B | 4.52B | 4.08B | 2.28B | 2.16B |
| Total Debt | 4.92B | 5.62B | 6.15B | 6.61B | 7.28B | 8.26B |
| Total Liabilities | 9.15B | 10.10B | 10.18B | 10.33B | 10.22B | 10.61B |
| Stockholders Equity | 15.00B | 14.48B | 13.44B | 12.18B | 9.93B | 8.63B |
Cash Flow | ||||||
| Free Cash Flow | 2.13B | 2.24B | 2.30B | 2.27B | 1.49B | 1.07B |
| Operating Cash Flow | 2.24B | 2.30B | 2.31B | 2.31B | 1.55B | 1.08B |
| Investing Cash Flow | -291.87M | -197.64M | -6.38M | 22.05M | -176.44M | -1.01B |
| Financing Cash Flow | -1.99B | -1.92B | -1.87B | -536.63M | -1.25B | 158.22M |
Nareru Group Inc. Technical Analysis
Neutral
2220.00
Price Trends
2322.96
Positive
2264.49
Positive
2271.55
Positive
Market Momentum
3.10
Positive
45.74
Neutral
16.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9163, the sentiment is Neutral. The current price of 2220 is below the 20-day moving average (MA) of 2361.85, below the 50-day MA of 2322.96, and below the 200-day MA of 2271.55, indicating a neutral trend. The MACD of 3.10 indicates Positive momentum. The RSI at 45.74 is Neutral, neither overbought nor oversold. The STOCH value of 16.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9163.
Nareru Group Inc. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥17.42B | 7.31 | ― | 4.49% | 20.01% | 12.28% | |
78 Outperform | ¥25.31B | 7.52 | ― | 3.94% | -7.45% | 106.09% | |
72 Outperform | ¥20.38B | 10.18 | ― | 4.94% | 7.28% | -13.19% | |
70 Outperform | ¥16.08B | 13.18 | ― | 5.09% | -3.83% | -35.10% | |
67 Neutral | ¥20.88B | 12.85 | ― | 4.25% | 1.71% | 20.61% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
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Nareru Group Inc. Corporate Events
Nareru Group Outlines Q3 2026 Results and 2030 Growth Plan
Sep 11, 2026
Nareru Group Inc. has released materials for its third‑quarter results for the fiscal year ending October 2026, framed under its long‑term vision “Change and Growth 2030.” The briefing focuses on an overview of quarterly pe...
Nareru Group Posts Higher Revenue but Softer Profits, Affirms 2026 Outlook and Dividend Plan
Sep 11, 2026
Nareru Group Inc. reported consolidated revenue of ¥19,229 million for the nine months ended July 31, 2026, a 7.3% year-on-year increase, while operating profit slipped 2.6% to ¥2,203 million and profit attributable to owners declined 5....
Nareru Group Posts Strong July Utilization and Rising Contract Prices Across Engineering Units
Aug 20, 2026
Nareru Group Inc. reported July 2026 KPIs showing stable, high utilization of engineers across its construction solutions subsidiary World Corporation and IT solutions arm ATJC. Both businesses continued to dispatch the majority of their engineeri...
Nareru Group posts strong utilization across construction and IT staffing units in June 2026
Jul 16, 2026
Nareru Group Inc. reported June 2026 key performance indicators for its construction and IT solutions units, showing stable engineer deployment and high utilization. In the Construction Solutions Business under World Corporation, total engineers s...
Nareru Group Posts Solid May Utilization and Rising Unit Prices Across Engineering Units
Jun 16, 2026
Nareru Group Inc. reported May 2026 KPIs showing stable operating metrics in its construction solutions unit, World Corporation, with 3,786 total engineers and 3,408 active, resulting in a utilization ratio of 90.5% excluding trainees and 90.0% in...
Nareru Group Maintains Interim Dividend, Reaffirms Stable Payout Policy
Jun 12, 2026
Nareru Group Inc. has approved an interim dividend of 55 yen per share, with a record date of April 30, 2026, and a total payout of approximately 481 million yen, to be paid on July 1, 2026. This interim dividend matches the prior year’s pay...
Nareru Group Frames H1 FY2026 Results Around ‘Change and Growth 2030’
Jun 12, 2026
Nareru Group Inc. has released materials for its financial results briefing covering the first half of the fiscal year ending October 2026, structured around an overview of performance, key performance indicators, and progress of growth initiative...
Nareru Group lifts sales but posts lower profit, keeps guidance and dividends steady
Jun 12, 2026
Nareru Group Inc. reported revenue of ¥12.67 billion for the six months ended April 30, 2026, a 7.4% year-on-year increase, but saw operating profit fall 11.8% to ¥1.35 billion and profit attributable to owners decline 14.5% to ¥930...
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.