2961
NITCHO CORPORATION
日本調理機株式会社
Industrials · Specialty Industrial Machinery
Nitcho Corporation manufactures, sells, imports, and exports commercial kitchen equipment in Japan. The company offers cleaning, disinfection, heating, rice cooking, and cooking equipment. It also provides kitchen facility planning, construction management, and after-sales services. In addition, the company engages in building design and construction supervision, the sale of kitchen-related products and toxic and deleterious detergents, and the purchase and sale of used kitchen and food processing equipment. It serves government, medical, and welfare facilities, as well as cafeterias, hotels, food factories, and theme parks. Nitcho Corporation was incorporated in 1947 and is headquartered in Ota, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥18.1B
¥18.4B
¥17.6B
¥15.5B
¥17.1B
Cost of Sales
¥12.9B
¥13.1B
¥13.0B
¥11.2B
¥12.4B
Gross Profit
¥5.2B
¥5.4B
¥4.6B
¥4.3B
¥4.6B
SG&A
¥4.3B
¥4.3B
¥4.1B
¥4.0B
¥4.0B
Operating Income
¥845M
¥1.1B
¥541M
¥343M
¥664M
Non-Operating Income
¥67M
¥13M
¥25M
¥26M
¥30M
Dividend Income
¥52M
¥0M
¥8M
¥0M
¥0M
Interest Income
¥1M
¥1M
¥1M
¥1M
¥1M
Non-Operating Expenses
¥3M
¥3M
¥3M
¥29M
¥5M
Interest Expense
¥2M
¥1M
¥1M
¥1M
¥2M
Ordinary Income
¥909M
¥1.1B
¥563M
¥341M
¥690M
Pre-tax Income
¥909M
¥1.1B
¥541M
¥329M
¥672M
Income Taxes
¥307M
¥369M
¥208M
¥123M
¥235M
Current Tax
¥300M
¥386M
¥222M
¥94M
¥247M
Deferred Tax
¥7M
¥-17M
¥-14M
¥29M
¥-12M
Net Income (owners)
¥601M
¥700M
¥332M
¥206M
¥437M
EBITDA
¥1.0B
¥1.2B
¥694M
¥515M
¥780M
EPS
¥540.86
¥629.27
¥292.61
¥185.64
¥448.72
Shares Outstanding
1.1M
1.1M
1.1M
1.1M
1.0M
Shares Issued (total)
1.1M
1.1M
1.1M
1.1M
1.0M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥13.3B
¥14.6B
¥14.0B
¥12.7B
¥12.5B
Current Assets
¥10.1B
¥11.3B
¥10.6B
¥9.5B
¥9.4B
Cash & Deposits
¥3.5B
¥4.6B
¥4.5B
¥3.1B
¥3.3B
Trade Receivables
¥3.3B
¥3.7B
¥3.2B
¥4.0B
¥3.7B
Non-Current Assets
¥3.2B
¥3.3B
¥3.3B
¥3.2B
¥3.1B
PP&E
¥2.5B
¥2.6B
¥2.6B
¥2.5B
¥2.4B
Intangible Assets
¥16M
¥18M
¥20M
¥21M
¥25M
Investment Securities
¥59M
¥70M
¥62M
¥63M
¥64M
Deferred Tax Assets
¥498M
¥507M
¥492M
¥478M
¥507M
Total Liabilities
¥5.8B
¥7.5B
¥7.5B
¥6.4B
¥6.7B
Current Liabilities
¥4.6B
¥6.4B
¥6.2B
¥5.1B
¥5.6B
ST Debt
¥230M
¥230M
¥230M
¥296M
¥314M
Taxes Payable
¥110M
¥310M
¥179M
—
¥193M
Non-Current Liabilities
¥1.2B
¥1.2B
¥1.2B
¥1.3B
¥1.1B
Total LT Borrowings
—
—
—
—
¥66M
Total Equity
¥7.5B
¥7.0B
¥6.5B
¥6.3B
¥5.8B
Capital Stock
¥800M
¥800M
¥800M
¥800M
¥598M
Capital Surplus
¥272M
¥270M
¥270M
¥270M
¥68M
Retained Earnings
¥6.5B
¥6.0B
¥5.5B
¥5.3B
¥5.2B
Treasury Stock
¥-67M
¥-76M
¥-0M
¥-0M
¥-0M
AOCI
¥10M
¥6M
¥3M
¥3M
¥4M
Equity (owners)
¥7.5B
¥7.0B
¥6.5B
¥6.3B
¥5.8B
Total Interest-Bearing Debt ⓘ
¥230M
¥230M
¥230M
¥296M
¥380M
Net Cash ⓘ
¥3.3B
¥4.3B
¥4.3B
¥2.8B
¥3.0B
NCAV ⓘ
¥4.3B
¥3.7B
¥3.2B
¥3.1B
¥2.7B
NCAV/Share
¥3,748
¥3,286
¥2,808
¥2,732
¥2,783
BV/Share
¥6,573
¥6,191
¥5,741
¥5,569
¥5,989
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥-859M
¥429M
¥2.0B
¥-362M
¥1.0B
Interest Paid
¥-2M
¥-1M
¥-1M
¥-1M
¥-2M
Interest Received
¥53M
¥1M
¥9M
¥1M
¥1M
D&A
¥167M
¥160M
¥152M
¥172M
¥116M
Investing CF
¥-10M
¥-136M
¥-261M
¥-82M
¥-35M
CapEx
¥28M
¥136M
¥252M
¥77M
¥13M
Purchase Investments
¥-7M
¥-4M
—
—
¥-6M
Financing CF
¥-223M
¥-238M
¥-242M
¥167M
¥-208M
Dividends Paid
¥-178M
¥-114M
¥-136M
¥-117M
¥-117M
Share Buybacks
—
¥-89M
¥-0M
—
—
LT Debt Repaid
—
—
¥-66M
¥-84M
¥-84M
Free Cash Flow
¥-887M
¥293M
¥1.7B
¥-439M
¥1.0B
Net Change in Cash
¥-1.1B
¥55M
¥1.4B
¥-276M
¥792M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
8.3%
10.3%
5.2%
3.4%
7.7%
ROA
4.3%
4.9%
2.5%
1.6%
3.5%
EPS
¥540.86
¥629.27
¥292.61
¥185.64
¥448.72
DPS
¥150.00
¥160.00
¥100.00
¥120.00
¥120.00
BPS
¥6,717.68
¥6,342.07
¥5,744.63
¥5,572.13
¥5,993.20
FCF/Share
¥-782
¥258
¥1,497
¥-387
¥1,050
NCAV/Share
¥3,748
¥3,286
¥2,808
¥2,732
¥2,783
Payout Ratio
27.7%
25.4%
34.2%
64.6%
26.7%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 7
Date Activist Stake Event Flag Demands Source
2025-10-24
MARUZEN CO.,LTD.
11.05%
+1.02%
change
Passive
—
2025-05-23
MARUZEN CO.,LTD.
10.03%
+1.0%
change
Passive
—
2023-11-20
Y.K.Daiichiairkohgyoh
8.81%
change
Passive
—
2023-08-30
MARUZEN CO.,LTD.
9.01%
correction
Passive
—
2023-08-30
MARUZEN CO.,LTD.
9.03%
+0.02%
change
Passive
—
2023-08-29
MARUZEN CO.,LTD.
9.01%
+1.0%
change
Passive
—
2023-06-16
MARUZEN CO.,LTD.
8.01%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 5
#
Shareholder
Shares (thou.)
% of Total
1
日本調理機従業員持株会
123,274
11.07%
2
株式会社マルゼン
113,900
10.23%
3
有限会社第一エア工業
100,079
8.99%
4
田中 幸子
91,082
8.18%
5
齋藤 徳子
89,369
8.03%
6
齋藤 隆哉
80,860
7.26%
7
田中 成和
37,439
3.36%
8
佐藤 由美子
29,900
2.68%
9
西山 智康
26,438
2.38%
10
西山 秀康
25,424
2.28%
Domestic Nominees
0.0%
+0.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
64.5%
+0.1% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
日本調理機従業員持株会
11.06%
11.20%
11.07%
-0.13%
式会社マルゼン
9.45%
9.67%
10.23%
+0.56%
限会社第一エア工業
11.45%
9.02%
8.99%
-0.03%
田中 幸子
8.02%
8.20%
8.18%
-0.02%
齋藤 徳子
7.87%
8.05%
8.03%
-0.02%
齋藤 隆哉
7.12%
7.28%
7.26%
-0.02%
田中 成和
3.29%
3.37%
3.36%
-0.01%
佐藤 由美子
2.63%
2.69%
2.68%
-0.01%
西山 智康
NEW ENTRY
—
—
—
2.38%
NEW
西山 秀康
NEW ENTRY
—
—
—
2.28%
NEW
西山 昌子
last seen 2024
Exited Top 10
2.71%
2.77%
—
齋藤 有史
last seen 2024
Exited Top 10
1.91%
2.13%
—
Concentration (HHI)
ⓘ
548
516
521
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥9M
+10% since 2023
Holdings
5
+4 new
Trend
1 building
vs 2023
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding