nms Holdings Corporation (2162) Stock Price

Market cap
¥8.7B
P/E ratio
7.1x
NMS Holdings provides manufacturing services through three divisions: personnel staffing for manufacturers, contract electronics manufacturing across global facilities, and custom power supply development including EV products.

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Business Overview

NMS Holdings operates three main business segments. First, the HS Business (Human Solution Business) provides personnel and staffing services. Based on Japan Manufacturing Service Co., Ltd., this segment specializes in manufacturing dispatch and contract manufacturing, delivering manufacturing services domestically and internationally.

Second, the EMS Business (Electronics Manufacturing Service Business) provides contract manufacturing for electronic equipment. This segment possesses extensive expertise in assembly, pressing, molding, and other manufacturing processes, and delivers production solutions tailored to customer needs. With production facilities in China, Malaysia, Vietnam, the United States, and other locations, the business operates on a global scale.

Third, the PS Business (Power Supply Business) develops, designs, manufactures, and sells custom power supplies. As a specialized power supply manufacturer, this segment delivers products that prioritize safety and reliability. The business is also advancing development of EV-related products to enter new markets. With bases in Japan and China, it provides products adapted to electrification trends.

Management Policy

NMS Holdings aims for growth under the mission "Bringing Japanese Manufacturing Quality to the World." The company has transitioned to a holding company structure to enable faster decision-making and pursue synergies across business units. As a growth strategy, it is executing rapid M&A and group restructuring while optimizing costs.

The company has established a medium-term management plan for fiscal years 2025 through 2027, targeting operating profit exceeding 5 billion yen. It is strengthening working capital management and plans to generate free cash flow of approximately 8 billion yen. The company also aims to reduce interest-bearing debt and improve its equity ratio.

NMS Holdings is advancing business growth and reviewing its product and market portfolio to strengthen profitability. It is building systems to improve employee retention and enhance business competitiveness, thereby pursuing sustainable growth.

Through a business partnership with World Holdings Inc., the company is strengthening its human resources business. The partnership leverages strengths in recruitment infrastructure and market segments to improve operational efficiency and increase profit margins.

In its EMS business, the company has established a global production system and achieved profitability at its U.S. and Mexico operations. At its Vietnam facility, it is launching new businesses and expanding its business areas, focusing on the mid-range market segment.

In its PS business, the company is developing custom power supplies to meet electrification needs in industrial equipment. It is expanding new development and mass production operations to strengthen revenue generation. The company is upgrading production facilities to expand business scale.

NMS Holdings is improving its financial position. It is strengthening working capital management and embedding cash generation mechanisms. The company is reducing interest-bearing debt and implementing measures to increase investment efficiency.

The company is also strengthening governance. It is executing recurrence prevention measures and improving corporate ethics. It is advancing employee development and retention to enhance the driving force behind business strategy execution, while continuously advancing corporate culture reform.

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