NF Holdings Corporation logo

NF Holdings Corporation

6864.T

JPXTechnologyHardware, Equipment & Parts

Latest quote

¥1,535

−¥13.00 · -0.84%

Aug 24, 3:30 PM JST

6864.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Headquartered in Yokohama, Japan, NF Holdings Corporation has been a prominent provider of advanced electronic solutions since its founding in 1959. The company's diverse product portfolio primarily includes precision measurement instruments, robust power supply and control equipment, versatile function modules, and tailored custom solutions. Among its array of measurement tools are signal generators, LCR and impedance meters, AC voltmeters, noise meters, lock-in amplifiers, preamplifiers, specialized filters, comprehensive measurement systems, and frequency response analyzers. In the power sector, NF Holdings offers AC power sources, power amplifiers, electronic loads, various power test instruments, and low-noise DC power supplies. Their functional modules feature essential components such as filters, amplifiers, oscillators, and phase detectors. For clients with specific requirements, the company engineers bespoke products like grid-connection testing systems, high-speed bipolar power amplifiers designed for vehicle electronic component validation, and simulated regeneration power supplies. These sophisticated offerings are integral to a wide spectrum of applications, ranging from the automotive industry, digital and general electronic appliances, to pioneering fields like fuel cells, solar power, and other clean energy initiatives. Additionally, NF Holdings' technology plays a crucial role in nanotechnology research and critical aerospace applications, including satellites and rockets.

Industry
Hardware, Equipment & Parts
Sector
Technology
Headquarters
JP
CEO
Naoki Yoshizawa
Listed since
Jan 6, 2000
Employees
283

Market position

Day range

Current ¥1,535

52-week range

Current ¥1,535

Open
¥1,565
Previous close
¥1,548
Volume
18.9K
0.18× average
Average volume
104.76K
Average daily volume
Market cap
10.77B JPY
Beta
1.7
Market reference 1
50-day average
¥1,665.7
-7.85% below average
200-day average
¥1,429.86
+7.35% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
4.52B JPY
P/E (TTM)
14.76×
P/B (TTM)
0.83×
P/S (TTM)
1.2×
EV / EBITDA
3.55×
Earnings yield
6.98%
Free cash flow yield
10.60%
Dividend yield
2.35%

Profitability & efficiency

Gross margin
38.39%
Operating margin
10.71%
Net margin
8.10%
Return on equity
4.97%
Return on assets
3.92%
Return on invested capital
3.72%

Financial health

Debt / equity
0.02×
Current ratio
6.13×
Altman Z-score
5.61
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends42%28%14%-0%Gross margin, FY2021: 34.88%Gross margin, FY2022: 32.32%Gross margin, FY2023: 31.53%Gross margin, FY2024: 34.78%Gross margin, FY2025: 38.32%Operating margin, FY2021: 9.38%Operating margin, FY2022: 4.85%Operating margin, FY2023: 4.46%Operating margin, FY2024: 6.03%Operating margin, FY2025: 10.35%Net margin, FY2021: 6.06%Net margin, FY2022: 4.74%Net margin, FY2023: 3.45%Net margin, FY2024: 4.96%Net margin, FY2025: 7.09%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 34.88%. Gross margin FY2022 32.32%. Gross margin FY2023 31.53%. Gross margin FY2024 34.78%. Gross margin FY2025 38.32%. Operating margin FY2021 9.38%. Operating margin FY2022 4.85%. Operating margin FY2023 4.46%. Operating margin FY2024 6.03%. Operating margin FY2025 10.35%. Net margin FY2021 6.06%. Net margin FY2022 4.74%. Net margin FY2023 3.45%. Net margin FY2024 4.96%. Net margin FY2025 7.09%.

Income trends

Revenue

9.14B JPY+0.60%

Operating income

945.67M JPY+72.70%

Net income

647.64M JPY+43.71%
Income trends across reported periods11.13B JPY7.2B JPY3.27B JPY−658.63M JPYRevenue, FY2021: 10.15B JPYRevenue, FY2022: 9.64B JPYRevenue, FY2023: 9.4B JPYRevenue, FY2024: 9.08B JPYRevenue, FY2025: 9.14B JPYOperating income, FY2021: 952.04M JPYOperating income, FY2022: 467.68M JPYOperating income, FY2023: 418.91M JPYOperating income, FY2024: 547.58M JPYOperating income, FY2025: 945.67M JPYNet income, FY2021: 615.47M JPYNet income, FY2022: 457.08M JPYNet income, FY2023: 323.84M JPYNet income, FY2024: 450.65M JPYNet income, FY2025: 647.64M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 10.15B JPY. Revenue FY2022 9.64B JPY. Revenue FY2023 9.4B JPY. Revenue FY2024 9.08B JPY. Revenue FY2025 9.14B JPY. Operating income FY2021 952.04M JPY. Operating income FY2022 467.68M JPY. Operating income FY2023 418.91M JPY. Operating income FY2024 547.58M JPY. Operating income FY2025 945.67M JPY. Net income FY2021 615.47M JPY. Net income FY2022 457.08M JPY. Net income FY2023 323.84M JPY. Net income FY2024 450.65M JPY. Net income FY2025 647.64M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue9.14B JPY9.08B JPY9.4B JPY9.64B JPY10.15B JPY
Cost of goods sold5.64B JPY5.92B JPY6.44B JPY6.53B JPY6.61B JPY
Gross profit3.5B JPY3.16B JPY2.96B JPY3.12B JPY3.54B JPY
Research and development393.29M JPY540.27M JPY651.99M JPY766.05M JPY
Selling, general, and administrative2.56B JPY2.22B JPY2B JPY2B JPY1.82B JPY
Operating expenses2.56B JPY2.61B JPY2.55B JPY2.65B JPY2.59B JPY
Interest income9.39M JPY688K JPY72K JPY91K JPY1.35M JPY
Interest expense6.05M JPY8.15M JPY9.46M JPY11.01M JPY12.25M JPY
Depreciation and amortization306.17M JPY350.66M JPY284.52M JPY238.39M JPY236.42M JPY
Operating income945.67M JPY547.58M JPY418.91M JPY467.68M JPY952.04M JPY
Net income647.64M JPY450.65M JPY323.84M JPY457.08M JPY615.47M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
26.14

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates115.9661.116.27-48.58Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 30, 2024: actual 17.38, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 31, 2025: actual 11.51, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 8.42, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 14.4, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 30, 2025: actual -37.23, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 29, 2026: actual 10.49, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 104.61, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 30, 2026: actual 26.14, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates3.35B2.82B2.3B1.77BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 30, 2024: actual 2.21B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 31, 2025: actual 2.03B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 2.97B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 2.07B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 30, 2025: actual 1.9B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 29, 2026: actual 1.94B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 3.22B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 30, 2026: actual 1.95B JPY, estimate —, surprise —, Comparison unavailable.

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