NJ Holdings, Inc. (9421) AI Stock Analysis

• Market Cap: ¥2.96B
• Dividend Yield: N/A
• Average Volume (3M): 2.00K
• Price to Earnings (P/E): 93.1
• Beta (1Y): 0.41
• Revenue Growth: -6.09%
• EPS Growth: -88.41%
• Country: JP
• Employees: 887
• Sector: Communication Services
• Sector Strength: 97
• Industry: Telecommunications Services
• EPS (TTM): 8.88
• Shares Outstanding: 5,350,400
• 10 Day Avg. Volume: 2,580
• 30 Day Avg. Volume: 2,003
• PEG Ratio: -1.27
• Price to Book (P/B): 2.17
• Price to Sales (P/S): 0.38
• P/FCF Ratio: -5.42
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 45 Neutral
• Price Target: ¥577.00 ▼(-3.99% Downside)

The overall stock score is primarily influenced by financial performance challenges, including low profitability and negative cash flows. Technical analysis indicates bearish momentum, while valuation concerns arise from a high P/E ratio and lack of dividend yield. These factors collectively suggest caution for potential investors.

NJ Holdings, Inc. Business Overview & Revenue Model

Company Description

NJ Holdings, Inc. (9421) is a diversified company engaged primarily in the real estate and investment sectors. The company operates through various subsidiaries, focusing on property development, management, and investment services. NJ Holdings aims to deliver high-quality residential and commercial properties while also providing strategic investment opportunities to maximize shareholder value.

How the Company Makes Money

NJ Holdings generates revenue through multiple streams, primarily from the sale and leasing of developed properties. The company earns income from residential and commercial real estate sales, as well as ongoing rental income from its property management operations. Additionally, NJ Holdings may engage in joint ventures and partnerships with other real estate firms or investors, allowing it to share resources and capitalize on market opportunities. The company may also generate fees from advisory services related to real estate investments, further contributing to its overall earnings.

NJ Holdings, Inc. Financial Statement Overview

Summary

The financial performance is challenged by low net profit margins and negative cash flows, despite improvements in gross profit margin and debt management. The company struggles with profitability and cash generation, which are critical for financial health.

Income Statement

The income statement shows a mixed performance. Gross profit margin has improved over the years, reaching 19.73% in 2025, indicating better cost management. However, net profit margin remains low at 0.34%, reflecting challenges in converting revenue into profit. Revenue growth has been inconsistent, with a positive growth rate of 4.17% in 2025 after previous declines. EBIT and EBITDA margins are low, suggesting limited operational efficiency and profitability.

Balance Sheet

The balance sheet indicates moderate financial stability. The debt-to-equity ratio has improved to 0.59 in 2025, showing a reduction in leverage. Return on equity is low at 1.92%, reflecting limited profitability from shareholders' investments. The equity ratio is not explicitly calculated, but the company maintains a reasonable level of equity relative to its assets.

Cash Flow

The cash flow statement reveals significant challenges. Operating cash flow is negative, indicating issues in generating cash from operations. Free cash flow is also negative, with a concerning growth rate of -Infinity, highlighting cash flow difficulties. The operating cash flow to net income ratio is negative, and the free cash flow to net income ratio is relatively high at 1.34, suggesting reliance on non-operational sources for cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.11B	9.11B	9.70B	10.13B	10.65B	11.99B
Gross Profit	1.77B	1.80B	1.76B	1.49B	970.82M	2.21B
EBITDA	188.53M	216.00M	417.27M	-237.94M	-994.51M	471.71M
Net Income	31.09M	31.00M	274.86M	-469.24M	-1.23B	-92.47M
Balance Sheet
Total Assets	3.75B	3.75B	3.94B	4.20B	4.65B	5.76B
Cash, Cash Equivalents and Short-Term Investments	851.00M	851.00M	1.69B	1.14B	1.09B	1.25B
Total Debt	952.00M	952.00M	1.10B	1.62B	1.63B	1.20B
Total Liabilities	2.04B	2.04B	2.27B	2.82B	2.75B	2.52B
Stockholders Equity	1.61B	1.61B	1.58B	1.31B	1.80B	3.07B
Cash Flow
Free Cash Flow	0.00	-644.00M	581.75M	300.86M	-727.96M	114.03M
Operating Cash Flow	0.00	-482.00M	661.12M	339.86M	-685.96M	169.03M
Investing Cash Flow	0.00	-194.00M	421.38M	-253.86M	230.32M	-61.41M
Financing Cash Flow	0.00	-165.00M	-526.09M	-43.91M	299.48M	-472.60M

NJ Holdings, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 601.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9421, the sentiment is Negative. The current price of 601 is above the 20-day moving average (MA) of 593.10, above the 50-day MA of 599.96, and above the 200-day MA of 574.66, indicating a bearish trend. The MACD of -11.10 indicates Positive momentum. The RSI at 24.83 is Positive, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9421.

NJ Holdings, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9424	―	¥25.02B	27.50	―	―	27.43%	-5.71%
4415	―	¥7.22B	15.57	―	―	27.56%	47.92%
3842	―	¥3.67B	11.79	―	0.83%	6.95%	50.07%
9445	―	¥9.90B	10.92	―	3.72%	8.17%	25.32%
9419	―	¥2.97B	17.10	―	―	-2.94%	-52.22%
Sector *	―	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
9421	―	¥2.96B	93.07	―	―	-6.09%	-88.41%