Earnings quality
Compare earnings and operating cash flow for earnings quality.
NS Solutions Corporation
Ticker 2327 · 🇯🇵 Japan · Consolidated IFRS · amounts in yen
Filed 2026-06-15 · Period end 2026-03-31
Takeaway
Dig deeperThe numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
equity ratio is 66.9%.
Mixed signals — use cash flow and the balance sheet before treating the year as clean.
ActionDig deeper
OP margin—
Equity ratio66.9%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
日鉄ソリューションズ株式会社 is a Japanese listed company. Its reportable segments include Information Service.
- Information Service
Segments Information Service
Compare trends
Tel 03-6899-6000 · As of filing date 2026-06-15
Financial statements
Income statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Revenue | — | — |
| Cost of sales* | — | — |
| Gross profit | ¥81.7B | ¥101.8B |
| Operating profit (loss) | ¥38.5B | ¥44.2B |
| Finance income | ¥1.0B | ¥1.3B |
| Finance costs | ¥444.0M | ¥269.0M |
| Income tax expense | ¥11.0B | ¥13.1B |
| Profit (loss) | ¥28.1B | ¥32.2B |
| Profit (loss) attributable to owners | ¥27.0B | ¥30.8B |
| Basic EPS (¥) | 147.84 | 168.50 |
Balance sheet
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash and cash equivalents | ¥192.9B | ¥108.8B |
| Current assets | ¥324.8B | ¥275.0B |
| Non-current assets | ¥96.5B | ¥142.6B |
| Total assets | ¥421.3B | ¥417.6B |
| Short-term borrowings | — | — |
| Current liabilities | ¥119.2B | ¥93.3B |
| Non-current liabilities* | ¥32.3B | ¥35.4B |
| Total liabilities | ¥151.5B | ¥128.8B |
| Equity attributable to owners | ¥261.2B | ¥279.2B |
| Total equity | ¥269.8B | ¥288.8B |
Cash flow statement
| Account | FY2025 (ended Mar 31, 2025) | FY2026 (ended Mar 31, 2026) |
|---|---|---|
| Cash flows from operating activities | ¥37.2B | -¥3.4B |
| Cash flows from investing activities | ¥70.2B | -¥59.4B |
| Cash flows from financing activities | -¥18.8B | -¥21.6B |
| Net increase (decrease) in cash | ¥89.0B | -¥84.1B |
| Cash at end of period | ¥192.9B | ¥108.8B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | ¥270.3B | ¥291.7B | ¥310.6B | ¥338.3B | ¥381.3B | |
| Operating profit | ¥30.8B | ¥32.9B | — | ¥38.5B | ¥44.2B | |
| Profit to owners | ¥20.5B | ¥22.0B | ¥24.2B | ¥27.0B | ¥30.8B | |
| Total assets | ¥325.8B | ¥319.9B | ¥374.6B | ¥421.3B | ¥417.6B | |
| Cash & equivalents | ¥95.7B | ¥101.3B | ¥104.0B | ¥192.9B | ¥108.8B | |
| Owners’ equity | ¥197.8B | ¥200.5B | ¥236.8B | ¥261.2B | ¥279.2B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Mixed
The numbers send mixed signals — dig into cash flow and leverage before drawing a conclusion.
On the income statement, revenue moved from — to — (—), so the top line did not break. Gross profit only slipped from ¥81.7B to ¥101.8B, while operating profit swung from ¥38.5B to ¥44.2B — the damage is concentrated below gross profit.
Cash tells a different story than earnings. Operating cash flow was still -¥3.4B (prior ¥37.2B), and cash on the balance sheet rose to ¥108.8B from ¥192.9B. When profits collapse but operating cash stays positive, read the notes for impairments and other non-cash charges before assuming the business stopped generating cash.
The balance sheet got heavier on leverage. Total liabilities rose to ¥128.8B while owners’ equity fell to ¥279.2B. ROE moved from 10.9% to 11.4%, and the equity ratio from 62.0% to 66.9%. Employee count is 10,276 vs 8,647 a year earlier.
Liquidity & leverage
Short-term borrowing levels look more stable year over year.
Capital buffer
Capital structure held relatively steady.
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Source: EDINET S100YAEV
(日鉄ソリューションズ株式会社), period end 2026-03-31.