4091
NIPPON SANSO HOLDINGS CORPORATION
日本酸素ホールディングス株式会社
Chemicals
Nippon Sanso Holdings Corporation engages in the gas business in Japan, the United States, Europe, Asia, and Oceania. It operates through five segments: Japan, United States, Europe, Asia and Oceania, and Thermos. The company offers oxygen, nitrogen, argon, carbon dioxide, helium, hydrogen, acetylene; gas-related equipment; and specialty gases, such as electronic material gases, pure gases, etc. It also provides installation, semiconductor manufacturing equipment, fusing equipment, welding materials, plants and machinery, liquefied petroleum gas, and related equipment, as well as medical gases, medical equipment, and stable isotopes. In addition, it offers housewares and consumer goods, such as stainless-steel vacuum bottles. The company was formerly known as Taiyo Nippon Sanso Corporation and changed its name to Nippon Sanso Holdings Corporation in October 2020. Nippon Sanso Holdings Corporation was founded in 1910 and is headquartered in Tokyo, Japan. Nippon Sanso Holdings Corporation is a subsidiary of Mitsubishi Chemical Group Corporation.
Price
¥6,184
Market Cap
¥2.7T
Ent. Value
¥3.4T
Net Debt
−¥716.7B
Shares Out.
432.3M
P / E
21.6×
EV / EBIT
17.1×
P / Book
2.20×
P / NCAV
N/M
Div. Yield
0.47%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥1,359.6B | ¥1,359.6B | ¥1,255.1B | ¥1,186.7B | ¥957.2B |
| Cost of Sales | ¥777.2B | ¥777.2B | ¥744.1B | ¥748.1B | ¥598.6B |
| Gross Profit | ¥582.4B | ¥582.4B | ¥511.0B | ¥438.6B | ¥358.6B |
| SG&A | ¥385.3B | ¥385.3B | ¥346.4B | ¥315.2B | ¥259.2B |
| Operating Income | ¥197.9B | ¥197.9B | ¥172.0B | ¥119.5B | ¥101.2B |
| Non-Operating Income | — | ¥3.9B | ¥4.4B | ¥2.2B | ¥2.2B |
| Non-Operating Expenses | — | ¥24.5B | ¥25.7B | ¥16.2B | ¥11.8B |
| Ordinary Income | ¥197.9B | ¥165.9B | — | — | — |
| Pre-tax Income | ¥176.8B | ¥176.8B | ¥150.7B | ¥105.5B | ¥91.6B |
| Net Income (owners) | ¥123.9B | ¥123.9B | ¥105.9B | ¥73.1B | ¥64.1B |
| Minority Interest | — | ¥3.2B | ¥3.5B | ¥2.9B | ¥2.5B |
| Comprehensive Income | — | ¥89.8B | ¥224.1B | ¥118.9B | ¥132.4B |
| EBITDA | ¥324.8B | ¥324.8B | ¥284.5B | ¥225.3B | ¥193.6B |
| EPS | ¥286.22 | ¥286.22 | ¥244.66 | ¥168.85 | ¥148.13 |
| Shares Outstanding | — | 432.3M | 432.3M | 432.4M | 432.1M |
| Shares Issued (total) | — | 433.1M | 433.1M | 433.1M | 433.1M |
| Treasury Shares | — | 0.8M | 0.7M | 0.7M | 1.0M |
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥2,767.7B | ¥2,767.7B | ¥2,409.1B | ¥2,158.9B | ¥1,977.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥623.3B | ¥623.3B | ¥568.2B | ¥527.1B | ¥422.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥165.3B | ¥165.3B | ¥126.1B | ¥132.2B | ¥93.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥2,144.4B | ¥2,144.4B | ¥1,840.9B | ¥1,631.9B | ¥1,554.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥1,041.8B | ¥1,041.8B | ¥877.4B | ¥776.1B | ¥729.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥575.3B | ¥575.8B | ¥513.7B | ¥485.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥241.0B | ¥252.3B | ¥242.3B | ¥241.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥3.6B | ¥3.4B | ¥3.4B | ¥3.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥1,507.0B | ¥1,507.0B | ¥1,463.0B | ¥1,401.0B | ¥1,315.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥503.6B | ¥503.6B | ¥498.0B | ¥425.2B | ¥331.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥151.1B | ¥151.1B | ¥166.2B | ¥140.5B | ¥110.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥1,003.4B | ¥1,003.4B | ¥965.0B | ¥975.8B | ¥984.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥730.9B | ¥730.9B | ¥724.0B | ¥759.5B | ¥779.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥159.4B | ¥160.4B | ¥140.7B | ¥133.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥1,260.7B | ¥1,260.7B | ¥946.1B | ¥758.0B | ¥661.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥39.8B | ¥39.2B | ¥51.6B | ¥55.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥817.7B | ¥817.7B | ¥627.5B | ¥537.9B | ¥476.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-260M | ¥-242M | ¥-233M | ¥-281M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥194.5B | ¥210.6B | ¥97.7B | ¥59.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥1,217.4B | ¥1,217.4B | ¥914.5B | ¥724.3B | ¥628.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥40.5B | ¥31.6B | ¥33.7B | ¥32.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥882.1B | ¥882.1B | ¥890.3B | ¥900.0B | ¥890.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-716.7B | ¥-716.7B | ¥-764.2B | ¥-767.8B | ¥-796.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-883.7B | ¥-883.7B | ¥-894.8B | ¥-873.9B | ¥-893.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥-2,044 | ¥-2,070 | ¥-2,021 | ¥-2,068 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥2,816 | ¥2,115 | ¥1,675 | ¥1,455 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥272.6B | ¥272.6B | ¥216.0B | ¥188.0B | ¥148.8B |
| D&A | ¥126.9B | ¥126.9B | ¥112.4B | ¥105.7B | ¥92.4B |
| Investing CF | ¥-202.8B | ¥-202.8B | ¥-124.7B | ¥-98.1B | ¥-70.9B |
| CapEx | ¥109.2B | ¥109.2B | ¥118.3B | ¥91.8B | ¥74.5B |
| Financing CF | ¥-59.2B | ¥-59.2B | ¥-110.1B | ¥-54.4B | ¥-77.9B |
| Free Cash Flow | ¥163.4B | ¥163.4B | ¥97.6B | ¥96.1B | ¥74.3B |
| Net Change in Cash | — | ¥18.3B | ¥-6.3B | ¥38.4B | ¥2.4B |
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 9.8% | 11.2% | 12.4% | 10.3% | 9.7% |
| ROA | 4.5% | 4.8% | 4.6% | 3.5% | 3.2% |
| EPS | ¥286.22 | ¥286.22 | ¥244.66 | ¥168.85 | ¥148.13 |
| DPS | ¥29.00 | ¥29.00 | ¥44.00 | ¥38.00 | ¥34.00 |
| BPS | ¥2,812.40 | ¥2,812.40 | — | — | — |
| FCF/Share | — | ¥378 | ¥226 | ¥222 | ¥172 |
| NCAV/Share | — | ¥-2,044 | ¥-2,070 | ¥-2,021 | ¥-2,068 |
| Payout Ratio | 10.1% | 10.1% | 18.0% | 22.5% | 23.0% |
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-11
15:00
|
Div Increase | ¥14.3B ¥33.0/sh +22% | Nippon Oxygen Holdings announced a period-end dividend of ¥33 per share for fiscal year ended March 31, 2026, representi… | |
|
Summary
Nippon Oxygen Holdings announced a period-end dividend of ¥33 per share for fiscal year ended March 31, 2026, representing a 22.2% increase from ¥27 per share in the prior year and exceeding the prior guidance of ¥29 per share. The total dividend payout amounts to ¥14.286 billion, with an effective date of June 18, 2026, following approval at the June 17, 2026 shareholders' meeting.
Deadline: 2026-06-18
YoY: +22%
Source (JP)
当期の期末配当金は、1株当たり33円とすることを決議しました。(2025年3月31日:27円00銭、2026年3月31日直近予想:29円00銭)
剰余金の配当に関するお知らせ
TDnet PDF
|
||||
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 | 三菱ケミカルグループ株式会社 | 218,996 | 50.59% |
| 2 |
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
|
27,672 | 6.39% |
| 3 | 大陽日酸取引先持株会 | 15,578 | 3.60% |
| 4 |
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
|
10,701 | 2.47% |
| 5 | 明治安田生命保険相互会社 | 9,006 | 2.08% |
| 6 |
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385632 (常任代理人 株式会社みずほ銀行決済営業部)
|
8,419 | 1.94% |
| 7 |
BNY Mellon (Nominee)
BNYM AS AGT/CLTS NON TREATY JASDEC (常任代理人 株式会社三菱UFJ銀行)
|
6,210 | 1.43% |
| 8 |
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385864 (常任代理人 株式会社みずほ銀行決済営業部)
|
5,708 | 1.32% |
| 9 | 株式会社みずほ銀行 | 4,332 | 1.00% |
| 10 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行決済営業部)
|
4,087 | 0.94% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
8.9%
-0.6% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
5.6%
+3.5% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
57.3%
-0.9% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 71.8% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 三菱ケミカルグループ | 50.59% | 50.59% | 50.59% | |
| 日本マスタートラスト信託銀行 | 7.64% | 6.85% | 6.39% -0.46% | |
| 大陽日酸取引先持株会 | 3.97% | 3.86% | 3.60% -0.26% | |
| JP Morgan ↑ | 0.93% | 0.65% | 3.26% +2.61% | |
| 日本カストディ銀行 | 2.93% | 2.64% | 2.47% -0.17% | |
| 明治安田生命保険 | 2.08% | 2.08% | 2.08% | |
| BNY Mellon | 0.88% | 0.78% | 1.43% +0.65% | |
| みずほ銀行 | 1.00% | 1.00% | 1.00% | |
| State Street | — | 0.73% | 0.94% +0.21% | |
| イビデン last seen 2024 | Exited Top 10 | — | 0.69% | — |
| 農林中央金庫 last seen 2023 | Exited Top 10 | 0.81% | — | — |
| 日本酸素ホールディングス持株会 last seen 2023 | Exited Top 10 | 0.72% | — | — |
| Concentration (HHI) ⓘ | 2650 | 2636 | 2638 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥20,668M
-3% since 2023
Holdings
23
+2 new
5 exited
Trend
2 unwinding
vs 2023
| Held Company | FY2025 ¥20,668M total | FY2023 ¥21,209M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
TOSOH CORPORATION
東ソー㈱
|
4,510 |
2,196,700
|
3,947 | 2,196,700 | M |
|
IBIDEN CO.,LTD.
イビデン㈱
|
3,489 |
-33.3%
↓
874,900
|
6,902 | 1,312,300 | M |
|
KOATSU GAS KOGYO CO., LTD.
高圧ガス工業㈱
|
2,790 |
3,142,000
|
2,211 | 3,142,000 | M |
|
RIKEN KEIKI CO.,LTD
理研計器㈱(注4)
|
1,757 |
NEW
New
682,600
|
— | M | |
|
KOIKE SANSO KOGYO CO.,LTD.
小池酸素工業㈱
|
1,682 |
266,891
|
614 | 266,891 | M |
|
NAGANO KEIKI CO., LTD.
長野計器㈱
|
1,338 |
700,000
|
922 | 700,000 | |
|
toho acetylene co.,ltd.
東邦アセチレン㈱
|
1,242 |
+400.0%
↑
3,450,000
|
934 | 690,000 | |
|
DAIHEN CORPORATION
㈱ダイヘン
|
748 |
118,320
|
524 | 118,320 | M |
|
KUREHA CORPORATION
㈱クレハ
|
712 |
+110.0%
↑
258,220
|
1,038 | 122,940 | M |
|
TOKYO TEKKO CO., LTD.
東京鐵鋼㈱
|
574 |
99,983
|
174 | 99,983 | M |
|
NOK CORPORATION
NOK㈱
|
525 |
240,000
|
351 | 240,000 | M |
|
NEW COSMOS ELECTRIC CO., LTD
新コスモス電機㈱
|
464 |
184,000
|
393 | 184,000 | M |
|
TPR CO .,LTD.
TPR㈱
|
344 |
148,690
|
199 | 148,690 | M |
|
MIYAJI ENGINEERING GROUP, INC.
宮地エンジニアリンググループ㈱ (注5)
|
178 |
NEW
New
100,000
|
— | ||
|
Japan Metallurgical & Chemical Co., Ltd.
日本冶金工業㈱
|
173 |
41,750
|
177 | 41,750 | M |
|
HOSHIIRYO-SANKI CO., LTD.
㈱星医療酸器
|
137 |
-24.9%
↓
30,000
|
155 | 39,930 | |
|
ISHIZUKA GLASS CO.,LTD.
石塚硝子㈱
|
5 |
2,155
|
3 | 2,155 | |
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業㈱
|
— | — | |||
|
TOAGOSEI CO., LTD.
東亞合成㈱
|
— | — | |||
|
Tokyo Tatemono Co., Ltd.
東京建物㈱
|
— | — | M | ||
|
Idemitsu Kosan Co.,Ltd.
出光興産㈱
|
— | — | |||
|
Resonac Holdings Corporation
㈱レゾナック・ホールディングス
|
— | — | |||
|
KANTO DENKA KOGYO CO.,LTD.
関東電化工業㈱
|
— | — | M | ||
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
— |
−100%
Exit
—
|
516 | 275,150 | |
|
Sharp Corporation
シャープ㈱
|
— |
−100%
Exit
—
|
9 | 10,000 | |
|
RIKEN KEIKI CO.,LTD
理研計器㈱
|
— |
−100%
Exit
—
|
1,938 | 341,300 | M |
|
MIYAJI ENGINEERING GROUP, INC.
宮地エンジニアリンググループ㈱
|
— |
−100%
Exit
—
|
112 | 30,000 | |
|
HAMAI INDUSTRIES LTD.
㈱ハマイ
|
— |
−100%
Exit
—
|
90 | 92,100 | M |
| Portfolio total | 20,668 | 21,209 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding