After-hours most active: NTT, Inc. (9432.T JPX) at JPY 156.30 on 22 Jan 2026: valuation test ahead
The 9432.T stock, NTT, Inc., was the most active after-hours name on JPX on 22 Jan 2026, trading at JPY 156.30, down JPY 3.90 or 2.43%. Heavy volume of 213.62M shares pushed relative volume to 1.12, reflecting institutional flows and profit-taking after recent strength. We summarise why the move matters to income and value investors, tying price action to valuation, upcoming earnings, and sector context
Market snapshot and trading activity for 9432.T stock
NTT, Inc. (9432.T) closed after-hours at JPY 156.30, with a day low of JPY 156.30 and day high of JPY 159.00. Volume reached 213.62M versus an average of 189.90M, indicating above-average trading interest.
Market cap stands near JPY 12.98T and shares outstanding equal 82.52B. The stock traded below its year high of JPY 167.20 and above its year low of JPY 135.20, showing a tight recent range
Fundamentals and valuation: 9432.T stock in context
NTT reports EPS JPY 12.56 and a trailing P/E of 12.52, materially below the Communication Services sector average P/E of 27.51 in Japan. Price to sales is 0.93, price to book is 1.41, and dividend per share is JPY 5.25, implying a yield near 3.34%.
Balance sheet metrics show debt to equity of 1.69 and net debt to EBITDA around 3.52, pointing to higher leverage than some peers. These ratios help explain why valuation looks conservative given stable cash flows
Technical view and most-active trading signals for 9432.T stock
Momentum indicators show a neutral to constructive picture. RSI is 59.48 and MACD histogram is positive at 0.38, suggesting modest upside bias despite the after-hours dip. The 50-day average is JPY 155.83 and the 200-day average is JPY 154.88, both slightly below the last trade.
Bollinger band middle sits at JPY 156.60 and the ATR is JPY 1.75, indicating contained volatility. High on-book volume and a rel volume of 1.12 confirm the “most active” tag for this session
Meyka AI grade, analyst context and 9432.T stock forecast
Meyka AI rates 9432.T with a score of 68.29 out of 100 (Grade B, HOLD). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus.
Meyka AI’s forecast model projects a monthly level of JPY 153.61, a quarterly level of JPY 155.48, and a yearly level of JPY 141.81. Versus the current price of JPY 156.30, the model implies a monthly downside of -1.72%, a quarterly downside of -0.53%, and a yearly downside of -9.27%. Forecasts are model-based projections and not guarantees
Risks, catalysts and sector drivers for 9432.T stock
Key near-term catalyst is the earnings announcement on 05 Feb 2026, which could reset consensus on revenue and margins. Macroeconomic risk includes BOJ policy comments and Japan trade balance volatility, which have pressured index moves this month Investing.com – TOPIX.
Balance-sheet risks include relatively high leverage and free cash flow compression. Positive catalysts include steady telecom cash flows, cloud and global solutions growth, and a dividend yield near 3.34%. Sector rotation and global tech sentiment remain important for trading activity Investing.com – Nikkei 225
Price targets, strategy and where 9432.T stock fits in portfolios
We frame three tactical price targets: conservative JPY 140.00 (downside -10.42%), base JPY 156.00 (neutral), and optimistic JPY 175.00 (upside 11.96%). These reflect a mix of dividend income, stable cash flow, and medium-term growth from ICT services.
For income-focused allocations, the dividend yield and payout ratio near 0.42 make NTT attractive. For growth allocations, monitor cloud margins and Global Solutions revenue. For traders, treat after-hours volume spikes as signals to reweight risk
Final Thoughts
9432.T stock moved to JPY 156.30 in after-hours trade on 22 Jan 2026, led by heavy volume of 213.62M shares and a small pullback of 2.43%. Valuation is compelling on a P/E of 12.52 relative to the sector, but leverage and free cash flow dynamics cap upside. Meyka AI rates the stock 68.29/100 (B, HOLD) and flags mixed signals from earnings growth and debt metrics. Meyka AI’s forecast model projects a quarterly level of JPY 155.48, implying a -0.53% move versus the current price. That projection and our base target near JPY 156.00 emphasise limited near-term upside without clearer earnings beats. Investors should watch the 05 Feb 2026 earnings release and sector flows. All forecasts are model-based projections and not guarantees. For a full quote and trading tools, see our Meyka stock page and track market updates before sizing positions
FAQs
What drove the after-hours move in 9432.T stock on 22 Jan 2026?
The after-hours decline to JPY 156.30 followed heavy volume of 213.62M shares and sector weakness. Traders cited profit-taking and rate and trade headlines affecting Japanese markets, not a single company surprise
How does 9432.T stock look on valuation and dividend?
NTT trades at a trailing P/E of 12.52 and price to book of 1.41. Dividend per share is JPY 5.25, implying roughly a 3.34% yield, which supports income-based allocation decisions
What are the main risks for 9432.T stock ahead of earnings?
Risks include leverage with debt to equity of 1.69, free cash flow pressure, and macro moves from BOJ policy or trade data. Quarterly results on 05 Feb 2026 can shift guidance and market reaction
What does Meyka AI forecast for 9432.T stock?
Meyka AI’s forecast model projects a quarterly level of JPY 155.48 and a yearly level of JPY 141.81. These projections imply modest near-term downside and are model-based, not guarantees
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
