Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
9432 · TSE · Japan
In shortNtt is profitable.
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 11.8% | 56/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 7.2% | 49/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 10.4% | 52/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | – | n/a |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | – | n/a |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | – | n/a |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | – | n/a |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 7.11× | 53/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 10.3% | 61/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.43× | 100/100 |
| Years with positive free cash flow (last 5) | 2 of 2 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 4 | 100/100 |
| Revenue growth volatility | 2.8% | 100/100 |
| Operating margin volatility | 0.1% | 100/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 3.1% | 34/100 |
|---|---|---|
| EPS growth, 3-year average | -3.2% | 9/100 |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 5 fiscal years from the company's annual reports.
JPY millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 12,156,447 | 13,136,194 | 13,374,569 | 13,704,727 | 14,409,121 |
| Operating income | – | – | – | 1,649,571 | 1,706,221 |
| Interest expense | – | – | – | 169,514 | 240,068 |
| Pre-tax income | 1,795,525 | 1,817,679 | 1,980,457 | 1,564,696 | 1,581,923 |
| Income tax | – | – | – | 482,261 | 499,285 |
| Net income | 1,181,083 | 1,213,116 | 1,279,521 | 1,000,016 | 1,037,032 |
| Diluted EPS | ¥13.17 | ¥13.92 | ¥15.09 | ¥11.96 | ¥12.61 |
Not computed: a required balance-sheet item is missing.
Not computed: it needs two consecutive complete years.
All figures: EDINET (FSA Japan). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Mar 31, 2026 · Data updated Jun 16, 2026