NJ Holdings, Inc. (9421) AI Stock Analysis

0 Followers

NJ Holdings, Inc.

(TSE/TYO:9421)

Select Model

Rating:50Neutral

Price Target:JPY 532.00▲(0.00% Upside)

Action:reiterated

Date:11/11/26

The score is held down primarily by weakening operating fundamentals (ongoing revenue contraction and a return to net losses) and limited valuation support (negative P/E, no dividend yield provided). Offsetting factors include improved leverage and a strong 2026 cash flow rebound, while technicals are broadly neutral with the stock still below its 200-day average.

Positive Factors

Improved balance sheet leverageMaterial deleveraging reduces financial risk and interest pressure, while positive, stable equity provides resilience. This gives NJ Holdings greater flexibility to fund operations and withstand weaker earnings without relying heavily on new financing.

Negative Factors

Persistent revenue contractionA sustained top-line decline weakens scale benefits and raises operating-leverage risk, making fixed costs harder to absorb. Continued contraction also limits the company’s ability to rebuild profitability and reduces visibility into a durable earnings recovery.

NJ Holdings, Inc. (9421) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 2.88B
Dividend Yield: ―
Average Volume (3M): 2,032
Price to Earnings (P/E): -24.1
Beta (1Y): 0.24
Revenue Growth: 2.23%
EPS Growth: -431.79%
Country: Japan
Employees: 868
Sector: General
Sector Strength: 55
Industry: Software - Application

NJ Holdings, Inc. Business Overview & Revenue Model

Company Description

NJ Holdings Inc. engages in the game development and mobile communication sales business in Japan. It operates through Game Business, Mobile Business, and Others segments. The Game Business segment focuses on the contract development and operation of...

NJ Holdings, Inc. Financial Statement Overview

Summary

Overall fundamentals are mixed. The income statement is weak (shrinking revenue each year and a return to net losses in 2026), offset somewhat by improving balance-sheet leverage (debt-to-equity below 0.5x in 2026) and a rebound to strong positive operating/free cash flow in 2026. Cash flow visibility remains a risk due to high year-to-year volatility.

Income Statement

42Neutral

Balance Sheet

56Neutral

Cash Flow

60Neutral

Financial statement breakdown
Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	9.95B	9.95B	9.11B	9.70B	10.13B	11.99B
Gross Profit	2.09B	2.03B	1.80B	1.76B	1.49B	2.21B
EBITDA	380.46M	381.06M	216.00M	417.27M	-237.94M	471.71M
Net Income	-119.55M	-119.55M	31.00M	274.86M	-469.24M	-92.47M
Balance Sheet
Total Assets	3.57B	3.57B	3.75B	3.94B	4.20B	5.76B
Cash, Cash Equivalents and Short-Term Investments	1.31B	1.31B	851.91M	1.69B	1.14B	1.25B
Total Debt	731.95M	731.95M	952.25M	1.10B	1.62B	1.20B
Total Liabilities	1.98B	1.98B	2.04B	2.27B	2.82B	2.52B
Stockholders Equity	1.49B	1.49B	1.61B	1.58B	1.31B	3.07B
Cash Flow
Free Cash Flow	0	712.69M	-644.00M	581.75M	300.86M	114.03M
Operating Cash Flow	0	852.88M	-482.00M	661.12M	339.86M	169.03M
Investing Cash Flow	0	-152.03M	-194.00M	421.38M	-253.86M	-61.41M
Financing Cash Flow	0	-247.11M	-165.00M	-526.09M	-43.91M	-472.60M

NJ Holdings, Inc. Technical Analysis

Technical Analysis SentimentNeutral

Last Price532.00

Price Trends

50DMA526.82Positive

100DMA522.79Positive

200DMA582.79Negative

Market Momentum

MACD1.48Positive

RSI48.43Neutral

STOCH5.13Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9421, the sentiment is Neutral. The current price of 532.00 is below the 20-day moving average (MA) of 535.45, above the 50-day MA of 526.82, and below the 200-day MA of 582.79, indicating a neutral trend. The MACD of 1.48 indicates Positive momentum. The RSI at 48.43 is Neutral, neither overbought nor oversold. The STOCH value of 5.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9421.

NJ Holdings, Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:9421 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:3776	75Outperform	JPY 12.01B	26.41	―	1.54%	-14.02%	16.57%
JP:9450	70Outperform	JPY 14.55B	13.37	―	3.80%	4.54%	-17.49%
JP:9445	69Neutral	JPY 8.45B	10.29	―	4.76%	-2.97%	-6.79%
JP:9419	63Neutral	JPY 3.17B	10.88	―	―	18.07%	69.43%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
JP:9424	54Neutral	JPY 16.10B	24.51	―	―	17.19%	-74.05%
JP:9421	50Neutral	JPY 2.82B	-24.13	―	―	2.23%	-431.79%

* General Sector Average

Performance Comparison

JP:9421 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:9421	NJ Holdings, Inc.	532.00	-52.00	-8.90%
JP:3776	Broadband Tower, Inc.	195.00	22.50	13.04%
JP:9419	WirelessGate, Inc.	291.00	26.00	9.81%
JP:9424	Japan Communications Inc.	96.00	-46.00	-32.39%
JP:9445	Forval Telecom, Inc.	504.00	-64.59	-11.36%
JP:9450	Fibergate, Inc.	710.00	38.19	5.68%

NJ Holdings, Inc. Corporate Events

NJ Holdings Reports Lower Sales and Wider First-Quarter Loss

Nov 6, 2026

NJ Holdings Inc., listed on the Tokyo Standard market, reported first-quarter consolidated results for the fiscal year ending June 2027, with net sales falling 10.0% year over year to ¥2.25 billion and operating profit dropping 79.8% to ¥3...

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: Nov 11, 2026

NJ Holdings, Inc. AI Stock Analysis