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Japanese IT systems integrator providing software development, infrastructure and outsourcing services to enterprises.
Japanese IT systems integrator providing software development, infrastructure and outsourcing services to enterprises.
In one line: A mid-size Japanese IT systems integrator.
Moat: none (process know-how). Operates in a fragmented, price-competitive Japanese IT services market without unique scale.
Headquarters: Tokyo, Japan · Founded: 1976 · Employees: 4,555
Size NSD (9759.T) is a Japan Information Technology company (Packaged Software) with a market value of $1.32B, the 618th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,997 on 6 Nov 2026.
Performance Over six months the shares gained 11.5%, against -4.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 18 in its peer set.
Growth Revenue grew 10.0% over the last twelve months (peer median +12.8%); the operating margin is 16.1% (peer median 3.8%).
Valuation It trades at 16.6× forward earnings against a peer median of 16.5× (7th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -23 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 26.2 points above its cost of capital (5.0% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥124B | ¥118B | ¥108B | ¥101B | ¥78.0B |
| Revenue growth | — | +9% | +6% | +30% | — |
| Gross profit | ¥29.8B | ¥27.8B | ¥25.4B | ¥22.9B | ¥17.4B |
| EBITDA | ¥22.5B | ¥21.6B | ¥19.5B | ¥17.8B | ¥13.4B |
| Net income | ¥13.4B | ¥13.0B | ¥11.8B | ¥10.3B | ¥10.2B |
| Free cash flow | n/a | ¥15.7B | ¥11.7B | ¥11.9B | ¥9.95B |
| Capital expenditure | n/a | ¥950M | ¥869M | ¥551M | ¥330M |
| Total debt | ¥5.90B | ¥289M | ¥1.93B | ¥3.38B | ¥201M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| NSD 9759.T | $1.32B | +12% | +10% | 16% | 16.6× | -10.9% |
| DTS 9682.T | $1.14B | +14% | 0% | 12% | 15.5× | -9.1% |
| NS Solutions 2327.T | $4.43B | +6% | +12% | 12% | 21.3× | -5.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 9759.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.2% | -3.5% | 8th highest of 21 |
| 6-month return | +11.5% | -4.0% | 7th highest of 18 |
| Distance from 52-week high | -17.9% | -33.9% | 3rd highest of 21 |
| Revenue growth (TTM) | +10.0% | +12.8% | 10th lowest of 21 |
| Operating margin | 16.1% | 3.8% | 3rd highest of 21 |
| Forward P/E | 16.6× | 16.5× | 7th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | -10.9% | 16.7% | 2nd least demanding of 13 |
| Growth delivered (Del g) | +12.2% | +17.3% | 5th lowest of 13 |
| Hurdle (Req g minus delivered) | -23.1 pp | +1.6 pp | 5th least demanding of 13 |
| ROIC minus cost of capital | +26.2 pp | -9.3 pp | highest of 21 |
| EV / EBITDA | 8.0× | 11.6× | 2nd cheapest of 9 |
| Net debt / EBITDA | -1.3× | -1.9× | 7th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| NSD 9759.T | Japan | $1.32B | +12% | +10% | 16% | 16.6× | -10.9% | +12.2% |
| Amagi Media Labs AMAGI.NS | India | $1.32B | +30% | +30% | 3% | 60.2× | n/a | n/a |
| Transwarp Technology (Shanghai) 6727.HK | Hong Kong | $1.33B | n/a | +32% | -50% | n/a | n/a | n/a |
| SHIFT UP 462870.KS | South Korea | $1.33B | -4% | -12% | 56% | 13.3× | -12.9% | +59.7% |
| WeRide 0800.HK | Hong Kong | $1.33B | -47% | +109% | -221% | n/a | n/a | n/a |
| Opera Limited Sponsored ADR OPRA | United States | $1.31B | -21% | +23% | 16% | 11.9× | 4.5% | +30.1% |
| Mech-Mind Robotics Technologies 9615.HK | Hong Kong | $1.34B | n/a | +45% | -41% | n/a | n/a | n/a |
| Bandwidth BAND | United States | $1.31B | -19% | +15% | -1% | 19.6× | 19.3% | +17.0% |
| Richinfo Technology 300634.SZ | China | $1.30B | -15% | -11% | 10% | 31.2× | 20.8% | +19.9% |
| CHAPTERS CHG.DE | Germany | $1.30B | +48% | +63% | -21% | 294.5× | 43.9% | +178.6% |
| NCR Voyix VYX | United States | $1.35B | +17% | -5% | 7% | 9.9× | n/a | n/a |
| Genimous Technology 000676.SZ | China | $1.30B | -7% | +3% | 6% | n/a | 14.1% | -17.5% |
| Hangzhou DPTech Technology 300768.SZ | China | $1.35B | -19% | -3% | 5% | 42.3× | 34.9% | +6.5% |
| Shenzhen HQVT Technology 1392.HK | Hong Kong | $1.28B | n/a | +28% | 5% | n/a | n/a | n/a |
| Corsair Gaming CRSR | United States | $1.28B | +63% | +3% | 3% | 16.1× | 24.3% | -2.9% |
| Ibotta IBTA | United States | $1.37B | +19% | +2% | -3% | n/a | -1.1% | +17.6% |
| Fengzhushou 301382.SZ | China | $1.28B | -32% | +28% | 8% | n/a | n/a | n/a |
| Zensar Technologies ZENSARTECH.NS | India | $1.37B | +9% | +9% | 14% | 16.9× | 13.4% | +8.5% |
| Lightspeed Commerce LSPD.TO | Canada | $1.38B | +9% | +11% | -9% | 14.4× | 13.5% | +42.0% |
| Digital Turbine APPS | United States | $1.26B | +200% | +19% | 10% | 14.7× | 33.1% | +12.5% |
| Wondershare Technology 300624.SZ | China | $1.38B | -25% | -8% | -12% | n/a | n/a | n/a |