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NIPNF US​
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NIPNF US​
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Nec Corp(NIPNF US)

$28.01+0.000.00%Ext:$27.24-0.782.77%(Market Closed · 21:00:00 UTC)
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Nec Corp(NIPNF US)

$28.01+0.000.00%Ext:$27.24-0.782.77%(Market Closed · 21:00:00 UTC)
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FinancialsChartingShort InterestEmployees

Nec Corp — Company Profile

NEC Corporation provides information technology services and social infrastructure in Japan and internationally. The company offers systems integration services, including system construction and consulting, maintenance support, and outsourcing, as well as cloud, system equipment, software services. It also provides core network equipment, mobile phone base stations, optical transmission systems, and marine systems, as well as software and services for telecommunications carriers. In addition, the company is involved in the development, manufacturing, and sale of system equipment. Further, it offers computers and NEC HPC solutions; EMI suppression support tool, power integrity design support tool, and LSI design tool; Open RAN, value added network solutions, enterprise network, optical solutions, 4G/5G converged core, submarine cable systems, netcraker portfolio, and NEC aspire technology; CONNEXIVE, a group of software products for the implementation of IoT/M2M; EXPRESSCLUSTER X, a BC/DR solutions; NIAS, a solution for file server management; ERP solutions; MasterScope, an integrated administration software suite; Obbligato, a product lifecycle management; SaaS Solutions; and WebOTX, a service execution platform. Additionally, the company provides artificial intelligence, biometric authentication, cloud, disaster preparedness, display and digital signage, DX design consulting service, network solutions, safety, secure computation and smart city solutions. It serves aerospace, agriculture, aviation, finance, broadcasting, finance, government, healthcare, hospitality, logistics, manufacturing, retail, telecom, and transportation industries. The company was formerly known as Nippon Electric Company, Limited and changed its name to NEC Corporation in April 1983. NEC Corporation was incorporated in 1899 and is headquartered in Tokyo, Japan.

Exchange
UU
CEO
Takayuki Morita
Headquarters
Tokyo, M0, JP
IPO Date
Jul 15, 2020
Employees
101,800
Website
www.nec.com

Key Metrics

Price
$30.88
Market Cap
$40.96B
Revenue (TTM)
$3.61T
Net Income (TTM)
$271.93B
EPS (TTM)
204.52
P/E (TTM)
0.15
P/B (TTM)
0.02
Dividend Yield
100.42%
ROE (TTM)
12.30%
ROA (TTM)
6.05%
Operating Margin
10.49%

Nec Corp — Company Profile

NEC Corporation provides information technology services and social infrastructure in Japan and internationally. The company offers systems integration services, including system construction and consulting, maintenance support, and outsourcing, as well as cloud, system equipment, software services. It also provides core network equipment, mobile phone base stations, optical transmission systems, and marine systems, as well as software and services for telecommunications carriers. In addition, the company is involved in the development, manufacturing, and sale of system equipment. Further, it offers computers and NEC HPC solutions; EMI suppression support tool, power integrity design support tool, and LSI design tool; Open RAN, value added network solutions, enterprise network, optical solutions, 4G/5G converged core, submarine cable systems, netcraker portfolio, and NEC aspire technology; CONNEXIVE, a group of software products for the implementation of IoT/M2M; EXPRESSCLUSTER X, a BC/DR solutions; NIAS, a solution for file server management; ERP solutions; MasterScope, an integrated administration software suite; Obbligato, a product lifecycle management; SaaS Solutions; and WebOTX, a service execution platform. Additionally, the company provides artificial intelligence, biometric authentication, cloud, disaster preparedness, display and digital signage, DX design consulting service, network solutions, safety, secure computation and smart city solutions. It serves aerospace, agriculture, aviation, finance, broadcasting, finance, government, healthcare, hospitality, logistics, manufacturing, retail, telecom, and transportation industries. The company was formerly known as Nippon Electric Company, Limited and changed its name to NEC Corporation in April 1983. NEC Corporation was incorporated in 1899 and is headquartered in Tokyo, Japan.

Exchange
UU
CEO
Takayuki Morita
Headquarters
Tokyo, M0, JP
IPO Date
Jul 15, 2020
Employees
101,800
Website
www.nec.com

Key Metrics

Price
$30.88
Market Cap
$40.96B
Revenue (TTM)
$3.61T
Net Income (TTM)
$271.93B
EPS (TTM)
204.52
P/E (TTM)
0.15
P/B (TTM)
0.02
Dividend Yield
100.42%
ROE (TTM)
12.30%
ROA (TTM)
6.05%
Operating Margin
10.49%
Beta
0.37

Dividends

Last Dividend
$0.12
Last Yield
1.00%
Last Date
Sep 29, 2026

Summary

NEC Corporation provides information technology services and social infrastructure in Japan and internationally. The company offers systems integration services, including system construction and consulting, maintenance support, and outsourcing, as well as cloud, system equipment, software services. It also provides core network equipment, mobile phone base stations, optical transmission systems, and marine systems, as well as software and services for telecommunications carriers. In addition, the company is involved in the development, manufacturing, and sale of system equipment. Further, it offers computers and NEC HPC solutions; EMI suppression support tool, power integrity design support tool, and LSI design tool; Open RAN, value added network solutions, enterprise network, optical solutions, 4G/5G converged core, submarine cable systems, netcraker portfolio, and NEC aspire technology; CONNEXIVE, a group of software products for the implementation of IoT/M2M; EXPRESSCLUSTER X, a BC/DR solutions; NIAS, a solution for file server management; ERP solutions; MasterScope, an integrated administration software suite; Obbligato, a product lifecycle management; SaaS Solutions; and WebOTX, a service execution platform. Additionally, the company provides artificial intelligence, biometric authentication, cloud, disaster preparedness, display and digital signage, DX design consulting service, network solutions, safety, secure computation and smart city solutions. It serves aerospace, agriculture, aviation, finance, broadcasting, finance, government, healthcare, hospitality, logistics, manufacturing, retail, telecom, and transportation industries. The company was formerly known as Nippon Electric Company, Limited and changed its name to NEC Corporation in April 1983. NEC Corporation was incorporated in 1899 and is headquartered in Tokyo, Japan.

Website
www.nec.com
Location
Tokyo, M0, JP
Phone81 3 3454 1111
Employees101,800
CEOTakayuki Morita
IPO DateJul 15, 2020

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(228)

Expand
  • SC 13DAVIAT NETWORKS, INC.6 Dec 2023
  • 6-KCurrent report (foreign private issuer)30 Jun 2021
  • 15F-12GFORM 15F30 Jun 2021
  • 6-KCurrent report (foreign private issuer)29 Jun 2021
  • SDSD28 May 2021
  • 6-KCurrent report (foreign private issuer)26 May 2021
  • 6-K/ACurrent report (foreign private issuer, amendment)14 May 2021
  • 6-KCurrent report (foreign private issuer)12 May 2021
  • 6-KCurrent report (foreign private issuer)12 May 2021
  • 6-KCurrent report (foreign private issuer)12 May 2021
  • 6-KCurrent report (foreign private issuer)17 Feb 2021
  • SC 13GNEC CORP2 Feb 2021
  • 6-KCurrent report (foreign private issuer)29 Jan 2021
  • 6-KCurrent report (foreign private issuer)29 Jan 2021
  • 6-KCurrent report (foreign private issuer)30 Nov 2020
  • 6-KCurrent report (foreign private issuer)30 Oct 2020
  • 6-KCurrent report (foreign private issuer)29 Oct 2020
  • 6-KCurrent report (foreign private issuer)29 Oct 2020
  • 6-KCurrent report (foreign private issuer)7 Oct 2020
  • 6-KCurrent report (foreign private issuer)5 Oct 2020

News

  • NEC Corporation (NECPY) Q2 2027 Earnings Call Prepared Remarks Transcript28 Oct
  • Critical Comparison: NEC (OTCMKTS:NIPNF) and Globant (NYSE:GLOB)4 Oct
  • NEC Announces Ohio Attorney General's Office Upgrade to Integra-ID® 7  Software-as-a-Service Biometric Platform22 Sep
  • First Bellwether Trial Today Against Reckitt Benckiser's Mead Johnson in NEC Baby Formula MDL Led by Levin Papantonio17 Aug

Mentions in Filings

  • On March 5, 2026, the Company was added as a defendant in a declaratory judgment claim asserted in on-going litigation with a lender of Parent. The suit is styled *<strong>NEC</strong> Fund VI HE Lender, LLC, NEC Fund VI HE Lender (Offshore), LLC, and NEC Fund VI HE Lender (Signature), LLC, Plaintiffs, v. Hecate Holdings LLC, Hecate Energy Group LLC, Repsol Renewables North America, Inc. and EGH Acquisition Corp, Defendants*, in the Court of Chancery of the State …
    EGH Acquisition Corp.Nec Corp·10-Q - Quarterly report Q3·Q3 26·13 Nov
  • … k, Ltd., Shinsei Investment & Finance Co., Ltd., UDC Finance Limited, and SBI Shinsei Asset Finance Co., Ltd., and 29 unconsolidated subsidiaries), and 42 affiliated companies (including 42 equity-method affiliates such as <strong>NEC</strong> Capital Solutions Co., Ltd. and SBI PE Holdings, Inc., with no non-equity-method affiliates)) provides a wide range of financial products and services to our customers through "Corporate Business," "Individual Business," an …
    SBI Shinsei Bank, LimitedNec Corp·Interim Report - Semi-Annual Report (2026.04.01-2027.03.31)·13 Nov·12 Nov
  • … SCSK Serviceware Co., Ltd., Diamond Head Co., Ltd., COBOL PARK Co., Ltd. (IT platform) NetOne Systems Co., Ltd., NetOne Partners Co., Ltd., SCSK Security Co., Ltd. (IT Management) SCSK System Management Co., Ltd., SCSK <strong>NEC</strong> Data Center Management Co., Ltd. (others) SCSK Minori Solutions Co., Ltd., Gran Manibus Co., Ltd. SCSK Nearshore Systems Co., Ltd., SCSK USA Inc., SCSK Europe Ltd. Sicheng Sikai Information Systems (Shanghai) Co., Ltd., …
    SCSK CorporationNec Corp·Interim Report - Semi-Annual Report (2026.04.01-2027.03.31)·12 Nov·12 Nov
  • … results of operations, and cash flows could be adversely affected. The actual liability in any such matters may be materially different from the Company’s estimates, if any. On August 13, 2025 and October 21, 2025, <strong>NEC Corporation</strong> (“NEC”) issued letters of arbitration to the Company originally demanding $19.0 million of additional component purchases, which the Company believes is unfounded and not required under the Manufacturing and Supply Ag …
    AVIAT NETWORKS, INC.Nec Corp·10-Q - Quarterly report Q1·Q1 27·10 Nov
  • … ial PV systems. 2.7.1.2 Electrical DNV has reviewed the design packages provided with corresponding images to determine alignment of system design, overcurrent protection devices (OCPD) sizing and National Electrical Code (<strong>NEC</strong>) compliance. DNV considers the missing information low to medium risk. Image documentation is necessary in order to determine whether system installations are following NEC requirements. 2.7.2 Site inspections A total of te …
    SunStrong Napoleon Depositor 2026-1, LLCNec Corp·EX-99.1 - ABS-15G·Q4 26·9 Nov
  • … BASIS OF DESIGN Page 28 of 48 III. ELECTRICAL A. Codes and Standards 1. 2022 New York City Building Code 2. 2025 NYCECC with 2025 NYC ASHRAE 90.1 3. 2022 New York City Fire Code 4. 2025 New York City Electrical Code (2020 <strong>NEC</strong> with local amendments) 5. NFPA 6. OSHA 7. IEEE Standards 8. IES 9. ANSI 10. NEMA 11. UL 12. ETL 13. Building Rules and Regulations B. General Design Criteria 1. The space will be provided with both Uninterruptable Power Sup …
    OPPENHEIMER HOLDINGS INCNec Corp·EX-10.1 - 8-K - Entry into a Material Definitive Agreement·Q4 26·9 Nov

Key Stats

Trading

Px/Chg 1D$30.88 / +0.23%
Avg Volume16.10K
Beta0.37
Mkt Cap40.96B
FD Mkt Cap40.35B

Float

Shrs Out/Float1.33B / 1.19B
Short Float0.00%
Days to Cover23.22
Stock Repurchased$27.50B

Current Valuation

EV-44084440755.04
EV/EBITDA-0.08
EV/Sales-0.01
P/B0.02
P/S0.01
FCF Yield631.16%
ROE12.30%
ROA6.05%
Current Ratio1.57

Dividend

Ex-Dividend DateSep 29, 2026
Cash (Sep 29, 2026)$0.12
Yield (Sep 29, 2026)100.42%
Yield (TTM)100.42%

Estimates

P/E0.15
Est P/E0.00
Est EPS0.57
Est PEG0.00

Valuation

Metric5Yr AvgJun '22Jun '23Jun '24Jun '25Oct '26
PRICE-BASED RATIOS
Price / Earnings0.150.020.020.150.220.32
Price / Sales0.010.000.000.010.010.04
Price / Book Value0.010.000.000.010.020.02
Price / Free Cash Flow0.110.030.030.130.180.16
ENTERPRISE VALUE METRICS
Enterprise Value277,347.4441,889.4480,512.6268,546.1239,873.4-44,084.4
Enterprise Value / Sales0.080.150.150.080.07-0.04
Enterprise Value / EBITDA0.771.411.360.690.58-0.19
Enterprise Value / EBIT1.643.332.821.320.94-0.23

Financials

Full Financials
Millions JPY5Yr CAGR (%)Mar '22Mar '23Mar '24Mar '25Mar '26
INCOME STATEMENT
Revenue4.6%3,014,095.03,313,018.03,477,262.03,423,431.03,605,284.3
Gross Income7.6%886,413.0958,248.01,005,858.01,060,556.01,188,731.6
EBITDA14.3%313,064.0353,745.0390,783.0414,934.0533,580.6
EBIT30%132,525.0170,447.0203,083.0256,497.0378,106.1
Net Income17.8%141,277.0114,500.0149,521.0175,183.0271,928.9
EPS (Diluted)18.5%103.7184.90112.25131.49204.52
BALANCE SHEET
Cash & ST Inv10.3%448,332.0435,238.0492,219.0584,615.0663,182.3
Total Assets4.6%3,761,733.03,984,050.04,227,514.04,315,368.04,494,899.9
Total Liabilities2.7%1,975,091.02,071,326.02,137,991.02,243,857.02,198,649.7
Total Shareholder Equity9.9%1,513,503.01,623,817.01,915,613.01,952,018.02,210,404.2
CASH FLOW
Net Operating Cash Flow31.5%147,517.0152,127.0271,228.0344,408.0441,222.9
Cap Ex-11.9%-71,106.0-77,714.0-99,767.0-126,410.0-70,767.7
Free Cash Flow48.4%76,411.074,413.0171,461.0217,998.0370,455.2

Enterprise Value Bridge

Millions JPY13 Nov '26
Price (As of 13 Nov '26)28.01
Basic Shares1,326.34
Market Cap37,150.9
Diluted Shares1,331.53
Fully Diluted Shares Outstanding1,331.53
Fully Diluted Market Cap37,296.1
+Consolidated Debt492,294.3
−In-the-Money Convertible Debt—
+Capital Leases111,427.0
+Operating Leases—
−Cash & Equivalents-663,182.3
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest85,846.0
+Pension Liabilities—
Enterprise Value-47,891.0

Segment data

Revenue

by Products and services

  • Others100%

Revenue

by Geography

  • Japan76%
  • China East Asia And Asia Pacific11%
  • Europe Middle East And Africa8%
  • North America And Latin America5%

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Beta
0.37

Dividends

Last Dividend
$0.12
Last Yield
1.00%
Last Date
Sep 29, 2026

Summary

NEC Corporation provides information technology services and social infrastructure in Japan and internationally. The company offers systems integration services, including system construction and consulting, maintenance support, and outsourcing, as well as cloud, system equipment, software services. It also provides core network equipment, mobile phone base stations, optical transmission systems, and marine systems, as well as software and services for telecommunications carriers. In addition, the company is involved in the development, manufacturing, and sale of system equipment. Further, it offers computers and NEC HPC solutions; EMI suppression support tool, power integrity design support tool, and LSI design tool; Open RAN, value added network solutions, enterprise network, optical solutions, 4G/5G converged core, submarine cable systems, netcraker portfolio, and NEC aspire technology; CONNEXIVE, a group of software products for the implementation of IoT/M2M; EXPRESSCLUSTER X, a BC/DR solutions; NIAS, a solution for file server management; ERP solutions; MasterScope, an integrated administration software suite; Obbligato, a product lifecycle management; SaaS Solutions; and WebOTX, a service execution platform. Additionally, the company provides artificial intelligence, biometric authentication, cloud, disaster preparedness, display and digital signage, DX design consulting service, network solutions, safety, secure computation and smart city solutions. It serves aerospace, agriculture, aviation, finance, broadcasting, finance, government, healthcare, hospitality, logistics, manufacturing, retail, telecom, and transportation industries. The company was formerly known as Nippon Electric Company, Limited and changed its name to NEC Corporation in April 1983. NEC Corporation was incorporated in 1899 and is headquartered in Tokyo, Japan.

Website
www.nec.com
Location
Tokyo, M0, JP
Phone81 3 3454 1111
Employees101,800
CEOTakayuki Morita
IPO DateJul 15, 2020

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(228)

Expand
  • SC 13DAVIAT NETWORKS, INC.6 Dec 2023
  • 6-KCurrent report (foreign private issuer)30 Jun 2021
  • 15F-12GFORM 15F30 Jun 2021
  • 6-KCurrent report (foreign private issuer)29 Jun 2021
  • SDSD28 May 2021
  • 6-KCurrent report (foreign private issuer)26 May 2021
  • 6-K/ACurrent report (foreign private issuer, amendment)14 May 2021
  • 6-KCurrent report (foreign private issuer)12 May 2021
  • 6-KCurrent report (foreign private issuer)12 May 2021
  • 6-KCurrent report (foreign private issuer)12 May 2021
  • 6-KCurrent report (foreign private issuer)17 Feb 2021
  • SC 13GNEC CORP2 Feb 2021
  • 6-KCurrent report (foreign private issuer)29 Jan 2021
  • 6-KCurrent report (foreign private issuer)29 Jan 2021
  • 6-KCurrent report (foreign private issuer)30 Nov 2020
  • 6-KCurrent report (foreign private issuer)30 Oct 2020
  • 6-KCurrent report (foreign private issuer)29 Oct 2020
  • 6-KCurrent report (foreign private issuer)29 Oct 2020
  • 6-KCurrent report (foreign private issuer)7 Oct 2020
  • 6-KCurrent report (foreign private issuer)5 Oct 2020

News

  • NEC Corporation (NECPY) Q2 2027 Earnings Call Prepared Remarks Transcript28 Oct
  • Critical Comparison: NEC (OTCMKTS:NIPNF) and Globant (NYSE:GLOB)4 Oct
  • NEC Announces Ohio Attorney General's Office Upgrade to Integra-ID® 7  Software-as-a-Service Biometric Platform22 Sep
  • First Bellwether Trial Today Against Reckitt Benckiser's Mead Johnson in NEC Baby Formula MDL Led by Levin Papantonio17 Aug

Mentions in Filings

  • On March 5, 2026, the Company was added as a defendant in a declaratory judgment claim asserted in on-going litigation with a lender of Parent. The suit is styled *<strong>NEC</strong> Fund VI HE Lender, LLC, NEC Fund VI HE Lender (Offshore), LLC, and NEC Fund VI HE Lender (Signature), LLC, Plaintiffs, v. Hecate Holdings LLC, Hecate Energy Group LLC, Repsol Renewables North America, Inc. and EGH Acquisition Corp, Defendants*, in the Court of Chancery of the State …
    EGH Acquisition Corp.Nec Corp·10-Q - Quarterly report Q3·Q3 26·13 Nov
  • … k, Ltd., Shinsei Investment & Finance Co., Ltd., UDC Finance Limited, and SBI Shinsei Asset Finance Co., Ltd., and 29 unconsolidated subsidiaries), and 42 affiliated companies (including 42 equity-method affiliates such as <strong>NEC</strong> Capital Solutions Co., Ltd. and SBI PE Holdings, Inc., with no non-equity-method affiliates)) provides a wide range of financial products and services to our customers through "Corporate Business," "Individual Business," an …
    SBI Shinsei Bank, LimitedNec Corp·Interim Report - Semi-Annual Report (2026.04.01-2027.03.31)·13 Nov·12 Nov
  • … SCSK Serviceware Co., Ltd., Diamond Head Co., Ltd., COBOL PARK Co., Ltd. (IT platform) NetOne Systems Co., Ltd., NetOne Partners Co., Ltd., SCSK Security Co., Ltd. (IT Management) SCSK System Management Co., Ltd., SCSK <strong>NEC</strong> Data Center Management Co., Ltd. (others) SCSK Minori Solutions Co., Ltd., Gran Manibus Co., Ltd. SCSK Nearshore Systems Co., Ltd., SCSK USA Inc., SCSK Europe Ltd. Sicheng Sikai Information Systems (Shanghai) Co., Ltd., …
    SCSK CorporationNec Corp·Interim Report - Semi-Annual Report (2026.04.01-2027.03.31)·12 Nov·12 Nov
  • … results of operations, and cash flows could be adversely affected. The actual liability in any such matters may be materially different from the Company’s estimates, if any. On August 13, 2025 and October 21, 2025, <strong>NEC Corporation</strong> (“NEC”) issued letters of arbitration to the Company originally demanding $19.0 million of additional component purchases, which the Company believes is unfounded and not required under the Manufacturing and Supply Ag …
    AVIAT NETWORKS, INC.Nec Corp·10-Q - Quarterly report Q1·Q1 27·10 Nov
  • … ial PV systems. 2.7.1.2 Electrical DNV has reviewed the design packages provided with corresponding images to determine alignment of system design, overcurrent protection devices (OCPD) sizing and National Electrical Code (<strong>NEC</strong>) compliance. DNV considers the missing information low to medium risk. Image documentation is necessary in order to determine whether system installations are following NEC requirements. 2.7.2 Site inspections A total of te …
    SunStrong Napoleon Depositor 2026-1, LLCNec Corp·EX-99.1 - ABS-15G·Q4 26·9 Nov
  • … BASIS OF DESIGN Page 28 of 48 III. ELECTRICAL A. Codes and Standards 1. 2022 New York City Building Code 2. 2025 NYCECC with 2025 NYC ASHRAE 90.1 3. 2022 New York City Fire Code 4. 2025 New York City Electrical Code (2020 <strong>NEC</strong> with local amendments) 5. NFPA 6. OSHA 7. IEEE Standards 8. IES 9. ANSI 10. NEMA 11. UL 12. ETL 13. Building Rules and Regulations B. General Design Criteria 1. The space will be provided with both Uninterruptable Power Sup …
    OPPENHEIMER HOLDINGS INCNec Corp·EX-10.1 - 8-K - Entry into a Material Definitive Agreement·Q4 26·9 Nov

Key Stats

Trading

Px/Chg 1D$30.88 / +0.23%
Avg Volume16.10K
Beta0.37
Mkt Cap40.96B
FD Mkt Cap40.35B

Float

Shrs Out/Float1.33B / 1.19B
Short Float0.00%
Days to Cover23.22
Stock Repurchased$27.50B

Current Valuation

EV-44084440755.04
EV/EBITDA-0.08
EV/Sales-0.01
P/B0.02
P/S0.01
FCF Yield631.16%
ROE12.30%
ROA6.05%
Current Ratio1.57

Dividend

Ex-Dividend DateSep 29, 2026
Cash (Sep 29, 2026)$0.12
Yield (Sep 29, 2026)100.42%
Yield (TTM)100.42%

Estimates

P/E0.15
Est P/E0.00
Est EPS0.57
Est PEG0.00

Valuation

Metric5Yr AvgJun '22Jun '23Jun '24Jun '25Oct '26
PRICE-BASED RATIOS
Price / Earnings0.150.020.020.150.220.32
Price / Sales0.010.000.000.010.010.04
Price / Book Value0.010.000.000.010.020.02
Price / Free Cash Flow0.110.030.030.130.180.16
ENTERPRISE VALUE METRICS
Enterprise Value277,347.4441,889.4480,512.6268,546.1239,873.4-44,084.4
Enterprise Value / Sales0.080.150.150.080.07-0.04
Enterprise Value / EBITDA0.771.411.360.690.58-0.19
Enterprise Value / EBIT1.643.332.821.320.94-0.23

Financials

Full Financials
Millions JPY5Yr CAGR (%)Mar '22Mar '23Mar '24Mar '25Mar '26
INCOME STATEMENT
Revenue4.6%3,014,095.03,313,018.03,477,262.03,423,431.03,605,284.3
Gross Income7.6%886,413.0958,248.01,005,858.01,060,556.01,188,731.6
EBITDA14.3%313,064.0353,745.0390,783.0414,934.0533,580.6
EBIT30%132,525.0170,447.0203,083.0256,497.0378,106.1
Net Income17.8%141,277.0114,500.0149,521.0175,183.0271,928.9
EPS (Diluted)18.5%103.7184.90112.25131.49204.52
BALANCE SHEET
Cash & ST Inv10.3%448,332.0435,238.0492,219.0584,615.0663,182.3
Total Assets4.6%3,761,733.03,984,050.04,227,514.04,315,368.04,494,899.9
Total Liabilities2.7%1,975,091.02,071,326.02,137,991.02,243,857.02,198,649.7
Total Shareholder Equity9.9%1,513,503.01,623,817.01,915,613.01,952,018.02,210,404.2
CASH FLOW
Net Operating Cash Flow31.5%147,517.0152,127.0271,228.0344,408.0441,222.9
Cap Ex-11.9%-71,106.0-77,714.0-99,767.0-126,410.0-70,767.7
Free Cash Flow48.4%76,411.074,413.0171,461.0217,998.0370,455.2

Enterprise Value Bridge

Millions JPY13 Nov '26
Price (As of 13 Nov '26)28.01
Basic Shares1,326.34
Market Cap37,150.9
Diluted Shares1,331.53
Fully Diluted Shares Outstanding1,331.53
Fully Diluted Market Cap37,296.1
+Consolidated Debt492,294.3
−In-the-Money Convertible Debt—
+Capital Leases111,427.0
+Operating Leases—
−Cash & Equivalents-663,182.3
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest85,846.0
+Pension Liabilities—
Enterprise Value-47,891.0

Segment data

Revenue

by Products and services

  • Others100%

Revenue

by Geography

  • Japan76%
  • China East Asia And Asia Pacific11%
  • Europe Middle East And Africa8%
  • North America And Latin America5%

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