NS Solutions Corp
TSE:2327

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NS Solutions Corp
TSE:2327
Watchlist
Price: 4 205 JPY Market Closed
Market Cap: 769.5B JPY
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+31%
5Y
+40%
10Y
+65%
Operating Income
+
3Y
+32%
5Y
+52%
10Y
+103%
Net Income
+
3Y
+33%
5Y
+51%
10Y
+147%

Earnings Waterfall
NS Solutions Corp

Revenue
360.1B JPY
Cost of Revenue
-270.6B JPY
Gross Profit
89.5B JPY
Operating Expenses
-50.8B JPY
Operating Income
38.6B JPY
Other Expenses
-11.8B JPY
Net Income
26.9B JPY

Income Statement
NS Solutions Corp

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Income Statement
Currency: JPY
Jun-2004 Sep-2004 Dec-2004 Jun-2005 Sep-2005 Dec-2005 Jun-2006 Sep-2006 Dec-2006 Jun-2007 Sep-2007 Dec-2007 Jun-2008 Sep-2008 Dec-2008 Jun-2009 Sep-2009 Dec-2009 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
7
0
0
20
39
57
74
69
63
57
51
44
39
32
25
29
72
96
120
133
106
99
91
84
76
68
60
52
44
35
27
20
15
13
12
11
11
10
9
9
8
8
9
9
9
8
7
0
0
0
83
0
0
0
101
0
0
0
92
0
0
0
216
0
0
Revenue
98 808
N/A
94 256
-5%
92 997
-1%
90 493
-3%
92 037
+2%
95 244
+3%
98 875
+4%
100 570
+2%
101 133
+1%
103 258
+2%
106 999
+4%
112 354
+5%
114 228
+2%
112 843
-1%
109 310
-3%
107 130
-2%
102 669
-4%
102 379
0%
103 730
+1%
106 299
+2%
109 176
+3%
159 697
+46%
162 005
+1%
162 185
+0%
161 207
-1%
161 579
+0%
163 179
+1%
167 043
+2%
172 176
+3%
172 005
0%
173 982
+1%
171 783
-1%
172 469
+0%
179 953
+4%
184 856
+3%
193 391
+5%
201 423
+4%
206 295
+2%
212 742
+3%
217 695
+2%
219 664
+1%
218 685
0%
217 487
-1%
218 249
+0%
220 800
+1%
232 473
+5%
240 611
+4%
243 172
+1%
242 087
0%
230 860
-5%
244 486
+6%
252 307
+3%
259 277
+3%
255 116
-2%
271 624
+6%
273 598
+1%
276 527
+1%
274 843
-1%
262 914
-4%
257 152
-2%
256 405
0%
251 992
-2%
260 867
+4%
263 710
+1%
267 627
+1%
270 332
+1%
269 943
0%
274 228
+2%
281 492
+3%
291 688
+4%
295 327
+1%
301 775
+2%
305 026
+1%
310 632
+2%
318 684
+3%
322 470
+1%
330 807
+3%
338 301
+2%
344 159
+2%
360 064
+5%
Gross Profit
Cost of Revenue
(78 922)
(75 414)
(74 182)
(71 639)
(72 691)
(75 587)
(78 174)
(79 783)
(79 892)
(81 437)
(83 781)
(87 622)
(90 005)
(89 269)
(86 487)
(84 424)
(80 798)
(81 711)
(83 186)
(85 780)
(87 618)
(128 804)
(130 216)
(130 476)
(130 214)
(130 826)
(133 129)
(136 107)
(140 708)
(140 676)
(142 549)
(140 225)
(140 328)
(145 491)
(148 831)
(155 828)
(162 202)
(166 953)
(171 432)
(174 989)
(176 034)
(174 981)
(173 652)
(174 232)
(175 946)
(186 013)
(193 596)
(195 396)
(195 160)
(182 629)
(194 788)
(201 964)
(206 597)
(202 820)
(216 878)
(217 363)
(220 445)
(218 244)
(208 364)
(204 030)
(203 115)
(200 042)
(206 317)
(207 987)
(209 293)
(209 883)
(209 675)
(212 242)
(218 546)
(225 752)
(228 044)
(232 880)
(234 810)
(238 790)
(244 234)
(245 663)
(250 544)
(256 594)
(260 193)
(270 595)
Gross Profit
19 886
N/A
18 842
-5%
18 815
0%
18 854
+0%
19 346
+3%
19 657
+2%
20 701
+5%
20 787
+0%
21 241
+2%
21 821
+3%
23 218
+6%
24 732
+7%
24 223
-2%
23 574
-3%
22 823
-3%
22 706
-1%
21 871
-4%
20 668
-6%
20 544
-1%
20 519
0%
21 558
+5%
30 893
+43%
31 789
+3%
31 709
0%
30 993
-2%
30 753
-1%
30 050
-2%
30 936
+3%
31 468
+2%
31 329
0%
31 433
+0%
31 558
+0%
32 141
+2%
34 462
+7%
36 025
+5%
37 563
+4%
39 221
+4%
39 342
+0%
41 310
+5%
42 706
+3%
43 630
+2%
43 704
+0%
43 835
+0%
44 017
+0%
44 854
+2%
46 460
+4%
47 015
+1%
47 776
+2%
46 927
-2%
48 231
+3%
49 698
+3%
50 343
+1%
52 680
+5%
52 296
-1%
54 746
+5%
56 235
+3%
56 082
0%
56 599
+1%
54 550
-4%
53 122
-3%
53 290
+0%
51 950
-3%
54 550
+5%
55 723
+2%
58 334
+5%
60 449
+4%
60 268
0%
61 986
+3%
62 946
+2%
65 936
+5%
67 283
+2%
68 895
+2%
70 216
+2%
71 842
+2%
74 450
+4%
76 807
+3%
80 263
+4%
81 707
+2%
83 966
+3%
89 469
+7%
Operating Income
Operating Expenses
(13 106)
(12 980)
(12 716)
(12 806)
(12 855)
(12 995)
(13 200)
(13 564)
(13 950)
(14 348)
(14 725)
(15 116)
(15 878)
(15 990)
(16 626)
(16 032)
(15 937)
(15 270)
(15 261)
(15 026)
(14 855)
(19 816)
(19 752)
(19 811)
(19 801)
(19 998)
(19 843)
(19 774)
(19 894)
(20 198)
(20 678)
(21 326)
(21 697)
(22 044)
(22 435)
(22 672)
(22 969)
(23 128)
(23 414)
(23 676)
(23 929)
(24 435)
(24 616)
(24 736)
(24 772)
(24 920)
(25 488)
(25 989)
(26 614)
(26 387)
(26 507)
(26 471)
(26 434)
(26 911)
(27 254)
(27 615)
(27 881)
(28 212)
(27 966)
(27 776)
(27 633)
(27 401)
(28 844)
(28 602)
(28 870)
(29 695)
(31 761)
(32 760)
(33 398)
(33 022)
(35 467)
(36 540)
(37 537)
(36 581)
(37 249)
(38 331)
(38 976)
(40 801)
(45 778)
(50 829)
Selling, General & Administrative
(13 106)
(12 980)
(12 716)
(12 806)
(12 855)
(12 865)
(13 019)
(13 335)
(13 794)
(14 243)
(13 953)
(14 954)
(15 653)
(16 374)
(16 349)
(15 730)
(15 649)
(14 997)
(14 994)
(14 767)
(14 609)
(19 474)
(19 492)
(19 585)
(19 705)
(19 657)
(19 842)
(19 773)
(19 893)
(19 892)
(20 677)
(21 323)
(21 695)
(21 752)
(22 433)
(22 673)
(22 968)
(22 790)
(23 412)
(23 673)
(23 927)
(24 067)
(24 616)
(24 736)
(24 772)
(24 522)
(25 487)
(25 988)
(26 614)
(25 800)
(26 507)
(26 471)
(26 433)
(26 309)
(27 252)
(27 614)
(27 880)
(27 605)
(27 964)
(27 774)
(27 631)
(26 809)
(27 841)
(28 297)
(28 983)
(27 941)
(30 860)
(31 850)
(32 529)
(30 556)
(34 292)
(35 203)
(36 078)
(33 983)
(37 034)
(38 262)
(39 002)
(37 793)
(43 575)
(48 824)
Research & Development
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1 942)
0
0
0
(2 320)
0
0
0
(2 405)
0
0
0
(2 833)
0
0
Depreciation & Amortization
0
0
0
0
0
0
(51)
(99)
(156)
0
0
(61)
(124)
(230)
(277)
(302)
(288)
(273)
(267)
(259)
(246)
(342)
0
0
0
(340)
0
0
0
(304)
0
0
0
(291)
0
0
0
(336)
0
0
0
(368)
0
0
0
(397)
0
0
0
(586)
0
0
0
(601)
0
0
0
(605)
0
0
0
(591)
0
0
0
(131)
0
0
0
(131)
0
0
0
(246)
0
0
0
(445)
0
0
Other Operating Expenses
0
0
0
0
0
(130)
(130)
(130)
0
(105)
(772)
(101)
(101)
614
0
0
0
0
0
0
0
0
(260)
(226)
(96)
(1)
(1)
(1)
0
(2)
0
(3)
(2)
(1)
(2)
1
(1)
(1)
(2)
(3)
(2)
0
0
0
0
(1)
(1)
(1)
0
(1)
0
0
(1)
(1)
(2)
(1)
0
(2)
(2)
(2)
0
(1)
(1 003)
(305)
113
319
(901)
(910)
(869)
(15)
(1 175)
(1 337)
(1 459)
53
(215)
(69)
26
270
(2 203)
(2 005)
Operating Income
6 780
N/A
5 862
-14%
6 099
+4%
6 048
-1%
6 491
+7%
6 662
+3%
7 501
+13%
7 223
-4%
7 291
+1%
7 473
+2%
8 493
+14%
9 616
+13%
8 345
-13%
7 584
-9%
6 197
-18%
6 674
+8%
5 934
-11%
5 398
-9%
5 283
-2%
5 493
+4%
6 703
+22%
11 077
+65%
12 037
+9%
11 898
-1%
11 192
-6%
10 755
-4%
10 207
-5%
11 162
+9%
11 574
+4%
11 131
-4%
10 755
-3%
10 232
-5%
10 444
+2%
12 418
+19%
13 590
+9%
14 891
+10%
16 252
+9%
16 214
0%
17 896
+10%
19 030
+6%
19 701
+4%
19 269
-2%
19 219
0%
19 281
+0%
20 082
+4%
21 540
+7%
21 527
0%
21 787
+1%
20 313
-7%
21 844
+8%
23 191
+6%
23 872
+3%
26 246
+10%
25 385
-3%
27 492
+8%
28 620
+4%
28 201
-1%
28 387
+1%
26 584
-6%
25 346
-5%
25 657
+1%
24 549
-4%
25 706
+5%
27 121
+6%
29 464
+9%
30 754
+4%
28 507
-7%
29 226
+3%
29 548
+1%
32 914
+11%
31 816
-3%
32 355
+2%
32 679
+1%
35 261
+8%
37 201
+6%
38 476
+3%
41 287
+7%
40 906
-1%
38 188
-7%
38 640
+1%
Pre-Tax Income
Interest Income Expense
0
0
0
0
0
0
0
0
0
0
0
0
152
243
345
328
298
251
318
302
283
352
290
296
300
308
335
435
457
451
470
330
307
250
213
244
232
232
289
303
398
406
378
399
316
375
473
448
3 838
3 850
3 722
3 746
1 563
1 569
1 581
1 577
1 054
2 956
3 802
4 959
4 373
2 442
1 614
487
469
838
874
857
756
354
506
520
538
326
381
106
715
597
680
1 126
Non-Reccuring Items
175
183
8
3
7
499
499
496
4
(3)
5
(18)
(26)
(33)
(38)
(34)
(32)
(29)
(32)
(33)
(41)
(62)
(67)
0
(66)
(65)
(40)
(42)
(20)
(27)
(25)
(23)
(17)
(18)
(17)
(56)
(60)
(60)
(63)
(29)
(54)
(799)
(558)
(571)
(542)
(635)
(625)
(614)
(2 997)
(3 276)
(3 308)
(3 304)
(1 885)
(1 112)
(1 113)
(1 474)
(481)
(2 278)
(3 160)
(3 479)
(3 879)
(2 026)
0
0
0
(907)
0
0
0
(1 194)
0
0
0
(147)
0
0
0
(2 388)
0
0
Total Other Income
173
191
134
167
222
227
219
153
124
197
203
267
166
109
26
25
37
74
78
68
45
30
20
27
30
151
136
128
84
71
68
65
109
129
131
188
196
69
42
(21)
(84)
(8)
(156)
(86)
(21)
284
219
209
197
(125)
(128)
(166)
(171)
(27)
37
(20)
(111)
(402)
(383)
(271)
(79)
353
315
244
132
2
79
80
80
27
2
2
0
(3)
0
0
(1)
(39)
0
0
Pre-Tax Income
7 128
N/A
6 236
-13%
6 241
+0%
6 218
0%
6 720
+8%
7 388
+10%
8 219
+11%
7 872
-4%
7 419
-6%
7 667
+3%
8 701
+13%
9 865
+13%
8 637
-12%
7 903
-8%
6 530
-17%
6 993
+7%
6 237
-11%
5 694
-9%
5 647
-1%
5 830
+3%
6 990
+20%
11 397
+63%
12 280
+8%
12 221
0%
11 456
-6%
11 149
-3%
10 638
-5%
11 683
+10%
12 095
+4%
11 626
-4%
11 268
-3%
10 604
-6%
10 843
+2%
12 779
+18%
13 917
+9%
15 267
+10%
16 620
+9%
16 455
-1%
18 164
+10%
19 283
+6%
19 961
+4%
18 868
-5%
18 883
+0%
19 023
+1%
19 835
+4%
21 564
+9%
21 594
+0%
21 830
+1%
21 351
-2%
22 293
+4%
23 477
+5%
24 148
+3%
25 753
+7%
25 815
+0%
27 997
+8%
28 703
+3%
28 663
0%
28 663
N/A
26 843
-6%
26 555
-1%
26 072
-2%
25 318
-3%
27 635
+9%
27 852
+1%
30 065
+8%
30 687
+2%
29 460
-4%
30 163
+2%
30 384
+1%
32 101
+6%
32 324
+1%
32 877
+2%
33 219
+1%
35 437
+7%
37 583
+6%
38 582
+3%
42 001
+9%
39 076
-7%
38 869
-1%
39 767
+2%
Net Income
Tax Provision
(3 135)
(2 776)
(2 668)
(2 655)
(2 711)
(3 084)
(3 297)
(3 213)
(3 175)
(3 425)
(3 876)
(4 262)
(3 770)
(3 495)
(2 878)
(3 118)
(2 735)
(2 462)
(2 317)
(2 480)
(2 959)
(4 753)
(5 322)
(5 227)
(5 783)
(5 734)
(5 446)
(5 746)
(5 006)
(4 662)
(4 545)
(4 354)
(4 438)
(5 320)
(5 649)
(6 022)
(6 389)
(6 981)
(7 559)
(7 945)
(8 185)
(7 193)
(7 077)
(6 865)
(6 942)
(7 022)
(7 104)
(7 236)
(7 137)
(7 587)
(7 844)
(8 014)
(8 450)
(8 475)
(9 164)
(9 392)
(9 361)
(9 386)
(8 572)
(8 162)
(7 925)
(7 713)
(8 407)
(8 730)
(9 359)
(9 512)
(8 906)
(9 218)
(9 301)
(9 385)
(9 838)
(9 919)
(10 011)
(10 280)
(11 074)
(10 688)
(11 823)
(10 998)
(10 934)
(11 730)
Income from Continuing Operations
3 993
3 460
3 573
3 563
4 009
4 304
4 922
4 659
4 244
4 242
4 825
5 603
4 867
4 408
3 652
3 875
3 502
3 232
3 330
3 350
4 031
6 644
6 958
6 994
5 673
5 415
5 192
5 937
7 089
6 964
6 723
6 250
6 405
7 459
8 268
9 245
10 231
9 474
10 605
11 338
11 776
11 675
11 806
12 158
12 893
14 542
14 490
14 594
14 214
14 706
15 633
16 134
17 303
17 340
18 833
19 311
19 302
19 277
18 271
18 393
18 147
17 605
19 228
19 122
20 706
21 175
20 554
20 945
21 083
22 716
22 486
22 958
23 208
25 157
26 509
27 894
30 178
28 078
27 935
28 037
Income to Minority Interest
(56)
(53)
(45)
(16)
(64)
(69)
(125)
(105)
(162)
(204)
(231)
(241)
(216)
(244)
(220)
(200)
(95)
(34)
(47)
(82)
(123)
(239)
(238)
(251)
(223)
(229)
(271)
(304)
(386)
(370)
(350)
(346)
(340)
(387)
(371)
(405)
(394)
(396)
(455)
(479)
(546)
(505)
(478)
(416)
(474)
(578)
(643)
(659)
(593)
(600)
(554)
(567)
(584)
(625)
(665)
(719)
(743)
(725)
(703)
(649)
(629)
(622)
(612)
(598)
(588)
(654)
(631)
(687)
(801)
(715)
(813)
(853)
(820)
(915)
(906)
(964)
(1 018)
(1 027)
(1 154)
(1 165)
Net Income (Common)
3 936
N/A
3 403
-14%
3 526
+4%
3 545
+1%
3 945
+11%
4 235
+7%
4 797
+13%
4 556
-5%
4 077
-11%
4 031
-1%
4 588
+14%
5 360
+17%
4 649
-13%
4 160
-11%
3 430
-18%
3 673
+7%
3 405
-7%
3 197
-6%
3 282
+3%
3 266
0%
3 902
+19%
6 404
+64%
6 719
+5%
6 743
+0%
5 452
-19%
5 185
-5%
4 919
-5%
5 633
+15%
6 703
+19%
6 592
-2%
6 372
-3%
5 901
-7%
6 062
+3%
7 071
+17%
7 895
+12%
8 839
+12%
9 835
+11%
9 077
-8%
10 149
+12%
10 858
+7%
11 230
+3%
11 168
-1%
11 326
+1%
11 739
+4%
12 417
+6%
13 964
+12%
13 847
-1%
13 935
+1%
13 621
-2%
14 105
+4%
15 079
+7%
15 568
+3%
16 720
+7%
16 713
0%
18 167
+9%
18 590
+2%
18 558
0%
18 552
0%
17 567
-5%
17 746
+1%
17 517
-1%
16 982
-3%
18 616
+10%
18 520
-1%
20 114
+9%
20 521
+2%
19 919
-3%
20 255
+2%
20 279
+0%
22 000
+8%
21 669
-2%
22 101
+2%
22 383
+1%
24 241
+8%
25 599
+6%
26 927
+5%
29 159
+8%
27 049
-7%
26 779
-1%
26 870
+0%
EPS (Diluted)
37.13
N/A
31.8
-14%
33.26
+5%
33.44
+1%
36.86
+10%
39.95
+8%
45.25
+13%
42.57
-6%
38.47
-10%
38.04
-1%
42.87
+13%
50.57
+18%
43.86
-13%
38.87
-11%
32.36
-17%
34.65
+7%
31.82
-8%
30.16
-5%
30.96
+3%
30.81
0%
36.81
+19%
60.42
+64%
63.39
+5%
63.62
+0%
51.44
-19%
48.92
-5%
46.42
-5%
53.15
+14%
63.25
+19%
62.19
-2%
60.12
-3%
55.68
-7%
57.19
+3%
66.71
+17%
74.48
+12%
83.38
+12%
92.78
+11%
87.34
-6%
109.12
+25%
116.75
+7%
120.75
+3%
120.08
-1%
121.78
+1%
126.22
+4%
133.51
+6%
149.47
+12%
145.75
-2%
146.68
+1%
143.37
-2%
148.96
+4%
158.72
+7%
165.61
+4%
179.08
+8%
178.44
0%
198.54
+11%
203.16
+2%
202.81
0%
202.75
0%
191.99
-5%
193.94
+1%
191.44
-1%
185.59
-3%
203.45
+10%
202.4
-1%
219.82
+9%
112.14
-49%
217.7
+94%
221.37
+2%
221.64
+0%
120.23
-46%
236.83
+97%
241.56
+2%
122.32
-49%
132.48
+8%
139.9
+6%
147.16
+5%
159.36
+8%
147.83
-7%
146.35
-1%
146.85
+0%

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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