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NSD Co., Ltd.
(9759)
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Rating:78Outperform
Price Target:
¥3,626.00
▲(4.68% Upside)
Action:Reiterated
Date:08/09/26
The score is driven primarily by strong financial performance (growth, profitability, very conservative balance sheet, and supportive cash generation) and a reasonable valuation supported by a mid-teens P/E and ~3.4% dividend yield. Technicals are the main offset, with mixed trend signals (below the 200-day average) despite generally neutral momentum indicators.
Positive Factors
Multi-year revenue growth
The substantial multi-year revenue increase indicates expanding demand for NSD’s enterprise and public-sector IT services. Continued top-line growth provides a broader base for recurring maintenance work, supports reinvestment in capabilities, and strengthens the company’s ability to compound earnings over the next several quarters.
Negative Factors
Margin softening
Easing margins after the 2023 peak indicate that cost levels or service mix may be reducing the benefit of revenue growth. If this trend persists, incremental sales could produce less profit and limit operating leverage, making sustained margin discipline important to future earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
The substantial multi-year revenue increase indicates expanding demand for NSD’s enterprise and public-sector IT services. Continued top-line growth provides a broader base for recurring maintenance work, supports reinvestment in capabilities, and strengthens the company’s ability to compound earnings over the next several quarters.
Read all positive factors
NSD Co., Ltd. (9759) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥221.08B
Dividend Yield3.02%
Average Volume (3M)284.35K
Price to Earnings (P/E)17.8
Beta (1Y)0.24
Revenue Growth9.69%
EPS Growth13.01%
CountryJP
Employees4,555
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding83,000,000
10 Day Avg. Volume271,700
30 Day Avg. Volume284,346
Financial Highlights & Ratios
PEG Ratio1.46
Price to Book (P/B)2.84
Price to Sales (P/S)1.78
P/FCF Ratio13.31
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
NSD Co., Ltd. Business Overview & Revenue Model
Company Description
NSD Co., Ltd. provides various IT solutions in Japan. The company plans, designs, and develops systems; constructs IT infrastructure; and offers IT-utilized and IT consulting services. It also provides IT infrastructure services, including plannin...
How the Company Makes Money
NSD primarily makes money by selling IT services to organizations that need systems built, modernized, and maintained. Key revenue streams include: (1) Contract-based system development and integration work, where NSD earns project revenue for req...
NSD Co., Ltd. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 120.44B | 117.81B | 107.79B | 101.26B | 77.98B | 71.19B |
| Gross Profit | 28.77B | 27.82B | 25.41B | 22.87B | 17.42B | 15.76B |
| EBITDA | 22.03B | 21.47B | 19.73B | 17.97B | 15.60B | 12.35B |
| Net Income | 13.34B | 13.01B | 11.79B | 10.26B | 10.22B | 7.82B |
Balance Sheet | ||||||
| Total Assets | 90.02B | 97.44B | 90.48B | 86.41B | 68.16B | 63.27B |
| Cash, Cash Equivalents and Short-Term Investments | 32.48B | 34.91B | 30.36B | 29.42B | 38.37B | 31.82B |
| Total Debt | 5.70B | 0.00 | 1.93B | 3.38B | 200.95M | 281.12M |
| Total Liabilities | 20.60B | 22.64B | 22.23B | 22.37B | 12.70B | 11.43B |
| Stockholders Equity | 68.41B | 73.75B | 67.42B | 62.37B | 54.71B | 51.19B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 15.71B | 11.71B | 11.90B | 9.95B | 6.97B |
| Operating Cash Flow | 0.00 | 16.16B | 12.30B | 12.19B | 10.07B | 7.24B |
| Investing Cash Flow | 0.00 | -3.00B | 904.00M | -17.85B | 6.02B | -377.12M |
| Financing Cash Flow | 0.00 | -10.60B | -10.27B | -5.77B | -7.57B | -6.15B |
NSD Co., Ltd. Technical Analysis
Positive
3464.00
Price Trends
2957.01
Positive
2788.44
Positive
2824.77
Positive
Market Momentum
84.23
Negative
63.59
Neutral
66.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9759, the sentiment is Positive. The current price of 3464 is above the 20-day moving average (MA) of 3076.70, above the 50-day MA of 2957.01, and above the 200-day MA of 2824.77, indicating a bullish trend. The MACD of 84.23 indicates Negative momentum. The RSI at 63.59 is Neutral, neither overbought nor oversold. The STOCH value of 66.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9759.
NSD Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥81.46B | 16.43 | 30.58% | 3.46% | 15.67% | 23.19% | |
82 Outperform | ¥42.96B | 11.24 | 8.44% | 4.74% | 5.27% | 11.84% | |
82 Outperform | ¥32.20B | 11.99 | ― | 3.63% | 9.34% | 3.51% | |
78 Outperform | ¥221.08B | 17.78 | ― | 3.02% | 9.69% | 13.01% | |
76 Outperform | ¥44.74B | 18.49 | ― | 2.71% | 9.28% | -6.81% | |
69 Neutral | ¥306.33B | 38.68 | 18.35% | 0.40% | 24.48% | -15.74% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:9759
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NSD Co., Ltd. Corporate Events
NSD Co., Ltd. Retires 3 Million Treasury Shares to Optimize Capital Structure
Oct 16, 2026
NSD Co., Ltd. has completed the retirement of 3,000,000 shares of its common stock, representing 3.49% of the total shares outstanding including treasury stock, under a resolution passed by its Board of Directors. Following the retirement, the com...
NSD Completes ¥2 Billion Share Buyback Program
Oct 6, 2026
NSD Co., Ltd. has completed a share repurchase program authorized under Article 459, Paragraph 1 of the Companies Act of Japan, finalizing the latest tranche between October 1 and October 6, 2026. In this period, the company bought back 68,800 sha...
NSD Advances Toward Completion of Authorized Share Buyback Program
Oct 1, 2026
NSD Co., Ltd. reported progress on its ongoing share repurchase program, buying 133,300 shares of common stock for about 379 million yen via market purchases on the Tokyo Stock Exchange between September 1 and September 30, 2026. This activity is ...
NSD to Retire 3 Million Treasury Shares, Tightening Capital Structure
Sep 28, 2026
NSD Co., Ltd. has resolved to retire 3,000,000 shares of its common stock, representing 3.49% of its issued shares prior to the retirement, with the effective retirement date set for October 16, 2026. Following the transaction, the company’s...
NSD Raises Year-End Dividend Forecast on Stronger Outlook and Shareholder Return Policy
Sep 28, 2026
NSD Co., Ltd. said its board has approved an increase to its year-end dividend forecast for the fiscal year ending March 31, 2027, raising the planned payout from ¥97 to ¥100 per share and lifting the total annual dividend to ¥100. ...
NSD Raises Full-Year and Interim Earnings Forecasts on Strong Financial IT Demand
Sep 28, 2026
NSD Co., Ltd. revised upward its consolidated forecasts for the second quarter and full fiscal year ending March 31, 2027, reflecting stronger-than-expected performance in the first quarter. The company now projects interim net sales of ¥62.0...
NSD Co., Ltd. Posts Nearly 10% Rise in Year-to-Date Net Sales
Sep 8, 2026
NSD Co., Ltd. reported preliminary consolidated net sales of ¥10,510 million for August 2026, an 8.2% increase year on year from ¥9,710 million. The figures are unaudited, but they indicate steady growth in the company’s monthly re...
NSD Advances Share Buyback, Repurchases Over 500,000 Shares Under 2026 Program
Sep 1, 2026
NSD Co., Ltd. has been actively executing a share repurchase program authorized by its board, targeting up to 750,000 shares or about 0.99% of its outstanding stock, with a budget ceiling of 2 billion yen. The buyback, conducted via market purchas...
NSD Posts Double-Digit Net Sales Growth in July 2026
Aug 10, 2026
NSD Co., Ltd. reported preliminary consolidated net sales of 10,585 million yen for July 2026, representing an 11.4% year-on-year increase compared with the same month of the previous year. The company also disclosed that cumulative consolidated n...
NSD Advances Share Buyback Under ¥2 Billion Capital Return Plan
Aug 3, 2026
NSD Co., Ltd. reported progress on its ongoing share repurchase program, buying back 151,000 shares of common stock for a total of 399,258,600 yen between July 1 and July 31, 2026 through market purchases on the Tokyo Stock Exchange. This activity...
NSD Books Strong Q1 Earnings and Confirms Steady Full-Year Outlook
Jul 30, 2026
NSD Co., Ltd. reported solid growth for the first quarter of the fiscal year ending March 31, 2027, with net sales rising 9.6% year on year to ¥29.93 billion and net income attributable to owners of the parent up 15.2% to ¥2.51 billion. ...
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.