3512
Japan Felt Co., Ltd.
日本フエルト株式会社
Industrials · Conglomerates
Nippon Felt Co., Ltd. manufactures and sells press felts, shoe press belts, and industrial textile products in Japan, Asia, and internationally. It offers papermaking felts and pulp-making felts; felt for slate and building materials manufacturing; synthetic textiles; filter cloths, heat-resistant felts, sanforized blankets, felt for pleat-making machines, felt for conveyor belts, felts for waste treatment, etc.; industrial tubular needle-felts for industrial use; industrial woven jackets; industrial detergents and chemicals; and high-pressure shower equipment for papermaking. The company also engages in producing, finishing, and selling felt for making paper, pulp, slate, and other industrial applications; and industrial machinery and anti-pollution devices, as well as leasing and managing of real estate. Nippon Felt Co., Ltd. was incorporated in 1917 and is headquartered in Kita, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥9.7B
¥10.1B
¥10.4B
¥9.8B
Cost of Sales
¥6.7B
¥6.9B
¥6.9B
¥6.6B
Gross Profit
¥3.0B
¥3.2B
¥3.5B
¥3.3B
SG&A
¥2.8B
¥2.7B
¥2.7B
¥2.6B
Operating Income
¥200M
¥469M
¥825M
¥629M
Non-Operating Income
¥322M
¥258M
¥277M
¥277M
Dividend Income
¥238M
¥192M
¥173M
¥165M
Interest Income
¥12M
¥8M
¥2M
¥1M
Non-Operating Expenses
¥54M
¥63M
¥46M
¥77M
Interest Expense
¥7M
¥6M
¥10M
¥10M
Ordinary Income
¥468M
¥664M
¥1.1B
¥830M
Pre-tax Income
¥570M
¥664M
¥1.1B
¥702M
Income Taxes
¥137M
¥164M
¥289M
¥212M
Current Tax
¥124M
¥128M
¥290M
¥203M
Deferred Tax
¥13M
¥36M
¥-1M
¥9M
Net Income (owners)
¥430M
¥488M
¥750M
¥499M
Minority Interest
¥3M
¥12M
¥17M
¥-9M
Comprehensive Income
¥958M
¥2.6B
¥1.1B
¥532M
EBITDA
¥743M
¥1.0B
¥1.4B
¥1.2B
EPS
¥23.84
¥26.39
¥39.89
¥26.38
Shares Outstanding
17.7M
18.2M
18.8M
18.8M
Shares Issued (total)
18.3M
18.3M
19.8M
19.8M
Treasury Shares
0.6M
0.1M
1.0M
1.1M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥25.3B
¥25.1B
¥23.6B
¥22.8B
Current Assets
¥11.2B
¥12.1B
¥13.1B
¥12.6B
Cash & Deposits
¥3.3B
¥3.6B
¥5.0B
¥4.8B
Trade Receivables
¥3.2B
¥3.8B
¥3.6B
¥3.6B
Non-Current Assets
¥14.1B
¥13.0B
¥10.5B
¥10.2B
PP&E
¥5.5B
¥5.0B
¥5.1B
¥5.0B
Intangible Assets
¥18M
¥13M
¥40M
¥92M
Investment Securities
¥8.2B
¥7.8B
¥5.2B
¥4.9B
Deferred Tax Assets
¥28M
¥23M
¥25M
¥30M
Total Liabilities
¥4.5B
¥4.7B
¥5.4B
¥5.4B
Current Liabilities
¥2.6B
¥2.6B
¥3.6B
¥3.5B
Accounts Payable
¥587M
¥607M
¥580M
¥655M
ST Debt
¥800M
¥800M
¥1.6B
¥1.6B
Taxes Payable
¥76M
¥72M
¥208M
¥158M
Non-Current Liabilities
¥2.0B
¥2.1B
¥1.8B
¥1.8B
Pension Obligations
¥291M
¥750M
¥1.4B
¥1.5B
Deferred Tax Liab.
¥1.3B
¥1.0B
¥102M
¥39M
Total Equity
¥20.7B
¥20.4B
¥18.2B
¥17.4B
Capital Stock
¥2.4B
¥2.4B
¥2.4B
¥2.4B
Capital Surplus
¥1.3B
¥1.3B
¥1.3B
¥1.3B
Retained Earnings
¥12.3B
¥12.2B
¥12.7B
¥12.2B
Treasury Stock
¥-286M
¥-52M
¥-505M
¥-523M
AOCI
¥4.5B
¥4.0B
¥1.9B
¥1.6B
Equity (owners)
¥15.8B
¥15.9B
¥15.9B
¥15.4B
Minority Interests
¥477M
¥439M
¥404M
¥373M
Total Interest-Bearing Debt ⓘ
¥800M
¥800M
¥1.6B
¥1.6B
Net Cash ⓘ
¥2.5B
¥2.8B
¥3.4B
¥3.2B
NCAV ⓘ
¥6.6B
¥7.3B
¥7.7B
¥7.2B
NCAV/Share
¥375
¥403
¥410
¥383
BV/Share
¥889
¥874
¥847
¥821
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥1.1B
¥611M
¥1.1B
¥1.3B
Interest Paid
¥-7M
¥-6M
¥-10M
¥-10M
Interest Received
¥250M
¥200M
¥178M
¥162M
D&A
¥543M
¥556M
¥557M
¥525M
Investing CF
¥-754M
¥-934M
¥-562M
¥-251M
CapEx
¥866M
¥500M
¥563M
¥271M
Proceeds from Invest.
¥177M
—
—
¥22M
Financing CF
¥-623M
¥-1.3B
¥-262M
¥-432M
Dividends Paid
¥-365M
¥-242M
¥-244M
¥-246M
Share Buybacks
¥-249M
¥-272M
¥-0M
¥-135M
Free Cash Flow
¥198M
¥112M
¥499M
¥1.0B
Net Change in Cash
¥-285M
¥-1.6B
¥270M
¥639M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
2.1%
2.6%
4.3%
2.9%
ROA
1.7%
2.0%
3.2%
2.2%
EPS
¥23.84
¥26.39
¥39.89
¥26.38
DPS
¥20.00
¥16.00
¥13.00
¥13.00
BPS
¥1,141.65
¥1,093.20
¥946.58
¥906.52
FCF/Share
¥11
¥6
¥27
¥54
NCAV/Share
¥375
¥403
¥410
¥383
Payout Ratio
83.9%
60.6%
32.6%
49.3%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 3
Date Activist Stake Event Flag Demands Source
2026-05-15
DOE5% Co., Ltd.
6.03%
+1.02%
change
Passive
—
2026-03-31
DOE5% Co., Ltd.
5.01%
initial_5pct
Passive
—
2025-12-25
Nippon Paper Industries Co., Ltd.
4.16%
change
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-15
14:00
Div Increase
¥242M ¥14.0/sh
+40%
Nippon Felt announced a dividend increase for FY2026 (ended March 31, 2026), raising the year-end dividend from the prio…
Summary
Nippon Felt announced a dividend increase for FY2026 (ended March 31, 2026), raising the year-end dividend from the prior forecast of 10 yen to 14 yen per share (+40% increase), bringing total annual dividend to 24 yen including the interim dividend of 10 yen. The company plans a further increase to 28 yen total for FY2027 (14 yen interim + 14 yen year-end), with DOE improving from 1.8% to 2.0%.
Deadline: 2026-06-29
YoY: +40%
Source (JP)
2026年3月期の期末配当について、直近の配当予想から4円増配し、1株当たり14円といたしました。これにより、中間配当1株当たり10円と合わせた年間配当は、1株当たり24円となります。
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 20
#
Shareholder
Shares (thou.)
% of Total
1
Oji Holdings Corporation
王子ホールディングス株式会社
1,674
9.44%
2
日本製紙株式会社
1,143
6.45%
3
Employee Stock Ownership Plan
日本フエルト従業員持株会
653
3.68%
4
Mizuho Bank
株式会社みずほ銀行
513
2.89%
5
The Musashino Bank, Ltd.
株式会社武蔵野銀行
357
2.02%
6
NIPPON FILCON CO.,LTD.
日本フイルコン株式会社
330
1.86%
7
NORDEA BANK ABP / FINNISH CLIENTS
NORDEA BANK ABP / FINNISH CLIENTS (常任代理人 香港上海銀行東京支店)
300
1.69%
8
Mitsubishi UFJ Trust and Banking
三菱UFJ信託銀行株式会社
236
1.33%
9
宮川 裕子
220
1.24%
10
東洋証券株式会社
200
1.13%
Domestic Nominees
1.3%
-2.6% 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
30.4%
-0.6% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Oji Holdings Corporation
王子ホールディングス
8.89%
9.18%
9.44%
+0.26%
日本製紙
8.10%
8.36%
6.45%
-1.91%
Employee Stock Ownership Plan
日本フエルト従業員持株会
3.99%
4.09%
3.68%
-0.41%
Mizuho Bank
みずほ銀行
2.72%
2.81%
2.89%
+0.08%
The Musashino Bank, Ltd.
式会社武蔵野銀行
1.89%
1.95%
2.02%
+0.07%
NIPPON FILCON CO.,LTD.
日本フイルコン
1.75%
1.81%
1.86%
+0.05%
NORDEA BANK ABP / FINNISH CLIENTS
1.59%
1.64%
1.69%
+0.05%
Mitsubishi UFJ Trust and Banking
三菱UFJ信託銀行
2.50%
1.29%
1.33%
+0.04%
宮川 裕子
—
1.20%
1.24%
+0.04%
東洋証券
NEW ENTRY
—
—
—
1.13%
NEW
Japan Master Trust Bank
日本マスタートラスト信託銀行
last seen 2024
Exited Top 10
3.73%
2.64%
—
イチカワ
last seen 2023
Exited Top 10
1.59%
—
—
Concentration (HHI)
ⓘ
200
199
168
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥7,679M
+66% since 2023
Holdings
20
1 exited
Trend
3 building
vs 2023
Held Company
FY2025
¥7,679M total
FY2023
¥4,631M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
2,160
+200.0%
↑
569,100
1,005
189,700
M
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
2,082
514,040
965
514,040
M
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
752
373,900
317
373,900
M
Oji Holdings Corporation
王子ホールディングス㈱
578
920,981
483
920,981
M
Hokuetsu Corporation
北越コーポレーション㈱
448
+55.2%
↑
366,958
210
236,401
M
Daishowa Paper Manufacturing Co., Ltd.
大王製紙㈱
383
465,724
482
465,724
LINTEC Corporation
リンテック㈱
252
91,440
198
91,440
TOYO SECURITIES CO., LTD.
東洋証券㈱
230
450,000
142
450,000
M
Rengo Co., Ltd.
レンゴー㈱
193
243,202
209
243,202
M
NIPPON FILCON CO.,LTD.
日本フイルコン㈱
156
300,000
142
300,000
M
Tokushu Tokai Paper Co.,Ltd.
特種東海製紙㈱
144
41,174
121
41,174
Valmet
90
22,300
97
22,300
M
譌・譛ャ陬ス邏呎ェ蠑丈シ夂、セ
日本製紙㈱
85
+0.6%
↑
83,890
85
83,409
M
The Musashino Bank, Ltd.
㈱武蔵野銀行
36
11,000
24
11,000
M
MITSUBISHI PAPER MILLS LIMITED
三菱製紙㈱
29
44,800
16
44,800
Chuetsu Pulp & Paper Co., Ltd.
中越パルプ工業㈱
24
17,085
18
17,085
Daiwa Securities Group Inc.
㈱大和証券グループ本社
20
20,000
12
20,000
M
A&A Material Corporation
㈱エーアンドエーマテリアル
7
6,300
6
6,300
NICHIHA CORPORATION
ニチハ㈱
6
2,000
5
2,000
NIPPON KODOSHI CORPORATION
ニッポン高度紙工業㈱
4
2,400
5
2,400
ICHIKAWA CO., LTD.
イチカワ㈱
—
−100%
Exit
—
89
67,027
M
Portfolio total
7,679
4,631
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding