Nac Co Ltd

Nac Co Ltd maintains a strong liquidity position with a current ratio of 2.14, indicating the company can cover its short-term liabilities more than twice over. The company's cash and equivalents amount to 8,065,000,000 JPY, which is a significant portion of its total assets, further supporting its liquidity. The liquidity risk is low, as the company has no immediate filing-based liquidity flags.

In terms of profitability, Nac Co Ltd's return on equity (ROE) is 2.69%, and its return on assets (ROA) is 1.63%. These figures are below the industry median for ROE and ROA, suggesting that the company is underperforming its peers in terms of capital efficiency and asset utilization. The operating margin is 6.57%, which is also below the industry median, indicating that the company is generating less profit per unit of revenue compared to its competitors.

Nac Co Ltd's revenue is concentrated in a single business segment, as disclosed in its financial reports. The company does not provide detailed geographic revenue breakdowns, but its operations are primarily focused in Japan. This concentration may expose the company to regional economic fluctuations and regulatory changes.

The company's growth trajectory is modest, with no significant revenue growth expected in the current fiscal year. The capital expenditure of -437,000,000 JPY indicates that the company is generating more cash from operations than it is investing in new projects, which may limit its long-term growth potential. The operating cash flow of 38,000,000 JPY is positive but relatively low, suggesting that the company is not generating substantial cash from its core operations.

Nac Co Ltd's risk assessment indicates a low probability of dilution, with no immediate filing-based dilution flags detected. The company's debt-to-equity ratio is 0.32, which is relatively low and suggests a conservative capital structure. However, the company's long-term debt of 7,185,000,000 JPY could become a concern if interest rates rise significantly.

Recent events, as disclosed in the company's filings, do not indicate any major operational or financial disruptions. The company's last actual EPS was 31.80 JPY, and its last actual revenue was 59,791,000,000 JPY, which are both below the current reported figures, suggesting some volatility in its financial performance.

Revenue grew 9.8% year-over-year to JPY 59.8 billion, demonstrating top-line expansion despite margin pressures.

Operating income increased 11.7% to JPY 2.7 billion, indicating improved operational efficiency and cost management.

Long-term debt decreased significantly from JPY 11.3 billion in 2021 to JPY 7.2 billion in 2025.

The company maintains a conservative debt-to-equity ratio of 0.32, well below the homebuilding median of 0.48.

Gross profit reached JPY 28.1 billion in FY2025, showing resilience in core profitability despite net income declines.

Net income declined 5.0% year-over-year to JPY 1.4 billion, signaling weakening bottom-line performance.

Free cash flow fell 1.9% to JPY 1.2 billion, limiting financial flexibility for dividends or reinvestment.

Revenue ¥14.85B, −10,3% YoY; Operating income −43,9% YoY.

• ▍Revenue ¥14.85B, −10,3% YoY
• ▍Operating income −43,9% YoY
• ▍Net income −44,2% YoY
• ▍Net margin 3.6%

Revenue ¥14.31B, −5,9% YoY; Operating income −25,9% YoY.

• ▍Revenue ¥14.31B, −5,9% YoY
• ▍Operating income −25,9% YoY
• ▍Net income −1,3% YoY
• ▍Net margin 2.2%

Revenue ¥13.07B, +3,5% YoY; Operating income +66,7% YoY.

• ▍Revenue ¥13.07B, +3,5% YoY
• ▍Operating income +66,7% YoY
• ▍Net income +87,2% YoY
• ▍Net margin -0.2%

Revenue ¥15.40B, +4,8% YoY; Operating income −25,7% YoY.

• ▍Revenue ¥15.40B, +4,8% YoY
• ▍Operating income −25,7% YoY
• ▍Net income −51,5% YoY
• ▍Net margin 1.9%

Revenue ¥16.55B; Operating income ¥1.44B.

• ▍Revenue ¥16.55B
• ▍Operating income ¥1.44B
• ▍Net margin 5.8%

Revenue ¥15.20B; Operating income ¥683.0M.

• ▍Revenue ¥15.20B
• ▍Operating income ¥683.0M
• ▍Net margin 2.1%

Revenue ¥12.63B; Operating income -¥159.0M.

• ▍Revenue ¥12.63B
• ▍Operating income -¥159.0M
• ▍Net margin -1.6%

Revenue ¥14.70B; Operating income ¥961.0M.

• ▍Revenue ¥14.70B
• ▍Operating income ¥961.0M
• ▍Net margin 4.2%

Revenue ¥59.79B, +9,8% YoY; Operating income +11,7% YoY.

• ▍Revenue ¥59.79B, +9,8% YoY
• ▍Operating income +11,7% YoY
• ▍Net income −5,0% YoY
• ▍Free cash flow −1,9% YoY
• ▍Net margin 2.3%

Revenue ¥54.43B, −4,6% YoY; Operating income −25,4% YoY.

• ▍Revenue ¥54.43B, −4,6% YoY
• ▍Operating income −25,4% YoY
• ▍Net income −28,2% YoY
• ▍Free cash flow −38,3% YoY
• ▍Net margin 2.6%

Revenue ¥57.07B, +3,9% YoY; Operating income +17,2% YoY.

• ▍Revenue ¥57.07B, +3,9% YoY
• ▍Operating income +17,2% YoY
• ▍Net income +17,1% YoY
• ▍Free cash flow +56,4% YoY
• ▍Net margin 3.5%

Revenue ¥54.92B, −1,1% YoY; Operating income +46,5% YoY.

• ▍Revenue ¥54.92B, −1,1% YoY
• ▍Operating income +46,5% YoY
• ▍Net income −7,1% YoY
• ▍Free cash flow −38,6% YoY
• ▍Net margin 3.1%