NMS Holdings (TSE:2162) Construction In Progress: 円460 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:2162 NMS Holdings Corp TSE:2162
46 GF Score
Price 円533.00
GF Value 円335.22
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is NMS Holdings Construction In Progress?

NMS Holdings TSE:2162 46 Construction In Progress is 円460 Mil as of Mar. 2026. GuruFocus rates TSE:2162 with a GF Score™ of 46/100 and a GF Value™ of 円335.22 (Significantly Overvalued). The stock has 9 warning signs investors should review.

NMS Holdings's quarterly construction in progress stayed the same from Sep. 2025 (円0 Mil) to Dec. 2025 (円0 Mil) but then increased from Dec. 2025 (円0 Mil) to Mar. 2026 (円460 Mil).

NMS Holdings's annual construction in progress increased from Mar. 2024 (円362 Mil) to Mar. 2025 (円518 Mil) but then declined from Mar. 2025 (円518 Mil) to Mar. 2026 (円460 Mil).

NMS Holdings Construction In Progress Historical Data

* Premium members only.

The historical data trend for NMS Holdings's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

NMS Holdings Construction In Progress Chart

NMS Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 388.06 300.21 361.72 518.16 459.99

NMS Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 518.16 0.00 0.00 0.00 459.99
TSE:2162
46GF Score
NMS Holdings Corp TSE:2162
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

NMS Holdings Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of 円460 Mil mean?
NMS Holdings (TSE:2162) has a Construction In Progress of 円460 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on NMS Holdings and its competitors.
Is NMS Holdings' Construction In Progress too high?
NMS Holdings' current Construction In Progress is 円460 Mil. Overall, NMS Holdings has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NMS Holdings' Construction In Progress compare to APH and GLW?
NMS Holdings' Construction In Progress of 円460 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Hardware company?
A good Construction In Progress depends on the Hardware industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on NMS Holdings and its competitors. NMS Holdings's current Construction In Progress is 円460 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NMS Holdings stock overvalued right now?
Based on GuruFocus' analysis, NMS Holdings (TSE:2162) is currently considered Significantly Overvalued. The stock's GF Value™ is 円335.22, compared to a current price of 円533.00 — trading 59% above its estimated fair value. The current Construction In Progress is 円460 Mil. NMS Holdings' overall GF Score™ is 46/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For NMS Holdings (TSE:2162), the current Construction In Progress is 円460 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is NMS Holdings (TSE:2162) Overvalued in 2026?

Based on GuruFocus' analysis, NMS Holdings stock appears to be overvalued. The current stock price of 円533.00 is trading 59% above its estimated GF Value™ of 円335.22. GuruFocus considers NMS Holdings to be Significantly Overvalued.

Key valuation signals for TSE:2162:

  • Construction In Progress: 円460 Mil
  • GF Value™: 円335.22 vs. price of 円533.00 (59% above fair value)
  • GF Score™: 46/100 with 9 warning signs

No single metric tells the full story. See the TSE:2162 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NMS Holdings Business Description

Address 3-20-2 Nishi-Shinjuku, 45th floor, Tokyo Opera City Tower, Shinjuku-ku, Tokyo, JPN, 163-1445
NMS Holdings Corp is a Japan-based company. Its business activities are divided into four operating segments including Human resource solution business, Electronics manufacturing service (EMS) business, Vision ( neo EMS ), and Power supply business. The company offers staff members for contract manufacturing, engineer dispatch service, repairs and customer service. Its EMS business offers a wide range of services concerning board assembly through an integrated production process and firm management system. NMS also offers solutions for power supply and power supply-related products.
46GF Score

Get the complete analysis for TSE:2162

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円533.00
Price
円335.22
GF Value