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NAC Co., Ltd.
(9788)
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Rating:65Neutral
Price Target:
¥562.00
▲(3.12% Upside)
Action:Reiterated
Date:08/21/26
The score is driven primarily by moderately positive financial performance (solid balance sheet but inconsistent cash flow and softened recent operating momentum) and supported by shareholder-friendly valuation via a strong dividend yield. Technical indicators are neutral-to-soft, limiting near-term conviction.
Positive Factors
Improved Balance-Sheet Leverage
Lower leverage and modest equity growth strengthen financial resilience. For an engineering and construction business, this provides greater capacity to absorb project volatility, fund operations, and pursue opportunities without clear balance-sheet stress.
Negative Factors
Recent Revenue Contraction
Recent contraction suggests limited demand momentum and reduces visibility for near-term expansion. If sustained, slower revenue growth could constrain operating leverage, weaken negotiating power, and make improvement dependent on efficiency rather than market growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Balance-Sheet Leverage
Lower leverage and modest equity growth strengthen financial resilience. For an engineering and construction business, this provides greater capacity to absorb project volatility, fund operations, and pursue opportunities without clear balance-sheet stress.
Read all positive factors
NAC Co., Ltd. (9788) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥22.04B
Dividend Yield4.22%
Average Volume (3M)24.92K
Price to Earnings (P/E)15.7
Beta (1Y)0.37
Revenue Growth-3.08%
EPS Growth-7.72%
CountryJP
Employees1,699
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)33.13
Shares Outstanding43,613,500
10 Day Avg. Volume25,290
30 Day Avg. Volume24,920
Financial Highlights & Ratios
PEG Ratio0.59
Price to Book (P/B)0.94
Price to Sales (P/S)0.37
P/FCF Ratio21.87
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
NAC Co., Ltd. Business Overview & Revenue Model
Company Description
Nac Co., Ltd., a Tokyo-based Japanese enterprise, is primarily engaged in the water supply and residential construction industries. The company manufactures and delivers bottled water directly to consumers, alongside providing financial and insura...
How the Company Makes Money
null...
NAC Co., Ltd. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
72
Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 58.38B | 58.92B | 59.79B | 54.43B | 57.07B | 54.92B |
| Gross Profit | 28.20B | 27.54B | 27.25B | 26.12B | 26.88B | 26.09B |
| EBITDA | 5.60B | 3.54B | 4.25B | 3.42B | 4.42B | 3.96B |
| Net Income | 1.39B | 1.63B | 1.36B | 1.44B | 2.00B | 1.71B |
Balance Sheet | ||||||
| Total Assets | 36.63B | 38.88B | 38.19B | 37.62B | 38.73B | 39.72B |
| Cash, Cash Equivalents and Short-Term Investments | 4.93B | 8.48B | 8.59B | 8.06B | 11.03B | 12.29B |
| Total Debt | 6.29B | 7.18B | 7.22B | 7.18B | 7.23B | 8.83B |
| Total Liabilities | 15.21B | 15.76B | 15.79B | 14.89B | 15.53B | 17.58B |
| Stockholders Equity | 21.42B | 23.11B | 22.39B | 22.71B | 23.20B | 22.06B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 994.00M | 3.80B | -121.00M | 1.55B | 2.68B |
| Operating Cash Flow | 0.00 | 1.36B | 4.15B | 166.00M | 1.74B | 2.88B |
| Investing Cash Flow | 0.00 | -459.00M | -575.00M | -1.27B | -393.00M | -1.14B |
| Financing Cash Flow | 0.00 | -1.00B | -3.07B | -1.91B | -2.56B | -3.74B |
NAC Co., Ltd. Technical Analysis
Negative
545.00
Price Trends
522.60
Negative
515.70
Positive
517.70
Positive
Market Momentum
-0.19
Positive
42.41
Neutral
40.59
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9788, the sentiment is Negative. The current price of 545 is above the 20-day moving average (MA) of 528.40, above the 50-day MA of 522.60, and above the 200-day MA of 517.70, indicating a neutral trend. The MACD of -0.19 indicates Positive momentum. The RSI at 42.41 is Neutral, neither overbought nor oversold. The STOCH value of 40.59 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9788.
NAC Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥25.84B | 7.52 | ― | 2.97% | -7.45% | 106.09% | |
77 Outperform | ¥24.86B | 6.77 | ― | 3.44% | 6.41% | 38.90% | |
69 Neutral | ¥27.52B | 11.33 | ― | 2.37% | 3.65% | 19.76% | |
67 Neutral | ¥20.98B | 12.86 | ― | 3.59% | 1.71% | 20.61% | |
65 Neutral | ¥22.04B | 15.73 | ― | 4.18% | -3.08% | -7.72% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
44 Neutral | ¥26.99B | -32.62 | ― | ― | -9.88% | -12.16% |
* General Sector Average
JP:9788
NAC Co., Ltd.
521.00
-5.41
-1.03%
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24.54%
NAC Co., Ltd. Corporate Events
NAC Co., Ltd. Issues Q1 FY2027 Results and Mid-Term Plan Overview
Aug 10, 2026
NAC Co., Ltd. released reference materials on its financial results for the first quarter of the fiscal year ending March 31, 2027, in lieu of holding a financial results meeting. The document outlines segment performance, full-year forecasts, div...
NAC Co., Ltd. Posts Quarterly Loss but Projects Earnings Recovery for FY2027
Aug 10, 2026
NAC Co., Ltd. reported a 4.1% year-on-year decline in net sales to ¥12,534 million for the three months ended June 30, 2026, with an operating loss of ¥55 million and a wider loss attributable to owners of the parent of ¥266 million...
NAC Co., Ltd. Cancels 3 Million Treasury Shares to Tighten Capital Structure
Jul 31, 2026
NAC Co., Ltd., a TSE Prime Market-listed Japanese company, has adjusted its capital structure through the cancellation of a portion of its common shares. The move reduces the overall number of issued shares while maintaining its status as a public...
NAC to Cancel 3 Million Treasury Shares, Tightening Share Base
Jul 24, 2026
NAC Co., Ltd. has resolved to cancel 3,000,000 of its common treasury shares, representing 6.4% of its issued shares prior to the move, with the cancellation scheduled for July 31, 2026. After the cancellation, the total number of issued shares wi...
NAC Completes Treasury Share Disposal for Restricted Stock Compensation Plan
Jul 24, 2026
NAC Co., Ltd. has completed the payment procedures for a disposal of 89,331 shares of its treasury stock, priced at 497 yen per share for a total of approximately 44.4 million yen, as part of a restricted stock compensation plan. The shares were a...
NAC Details Relationship and Transactions With Major Shareholder Duskin
Jun 29, 2026
NAC Co., Ltd. disclosed that Duskin Co., Ltd., listed on the Tokyo Stock Exchange Prime Market, is its other affiliated company and a major shareholder with 27.90% of its voting rights. Duskin’s involvement includes proposing one Outside Dir...
NAC to Dispose of Treasury Shares for Restricted Stock Compensation Plan
Jun 26, 2026
NAC Co., Ltd. has approved the disposal of 89,331 treasury shares to implement its restricted stock compensation plan for six internal directors and fifteen senior employees. The shares, priced at 497 yen each for a total of 44,397,507 yen, will b...
NAC to Issue Restricted Treasury Shares to Employee Stock Ownership Plan
May 29, 2026
NAC Co., Ltd. has approved the disposal of up to 124,550 treasury shares as restricted stock to its Employee Stock Ownership Plan, with a disposal price of 499 yen per share and a potential total value of about 62.2 million yen. The final number o...
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.