NIPPON SEIRO CO., LTD.

5010 日本精蝋株式会社

Oil & Coal Products · Standard · TSE: Under Consideration

PRICE: ¥222 · MKT CAP: ¥4.4B · P/E: 6.3x · P/B: 0.69x · DIV YIELD: 0.0%

PRICE — 5Y

Characteristics & Business Summary

Nippon Seiro Co., Ltd. manufactures and sells petroleum waxes, physically and chemically converted wax products, and fuel oil in Japan, rest of Asia, North America, and internationally. The company offers paraffin waxes; microcrystalline waxes; oxidized and...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	22,234	27,918	38,457	21,704	22,045	19,776
Operating Profit	-2,079	587	-2,043	-552	2,245	1,173
Ordinary Profit	-2,852	467	-2,263	-785	1,682	680
Net Profit	-2,878	444	-2,368	-1,221	1,776	697
EPS	¥-146	¥22	¥-120	¥-62	¥90	¥35
DPS	¥0	¥2	¥2	¥0	¥0	¥0

Balance Sheet & Valuation Highlights

Total Assets ¥27B

Net Assets (Equity) ¥6B

Equity Ratio 23.4%

ROE (Return on Equity) 100.6%

Cash & Equivalents ¥3B

Interest-Bearing Debt ¥16B

Capital Expenditure (CapEx) ¥0B

Depreciation & Amort. ¥1B

Major Shareholders

1. Itochu Corporation 9.0%
2. THE SAIKYO BANK, LTD. 4.9%
3. 安藤パラケミー株式会社 4.3%
4. 山九株式会社 4.1%
5. 清水潔 3.8%
6. 株式会社山口銀行 3.2%
7. Mitsubishi UFJ Trust and Banking 2.8%
8. MATSUI SECURITIES CO.,LTD. 1.9%
9. 高城裕（常任代理人三田証券株式会社） 1.7%
10. 日本精蠟従業員持株会 1.5%

Activist Activity

Japan Industrial Solutions Co., Ltd. 51.78%

2025-11-06 · change

Japan Industrial Solutions Co., Ltd. 63.21%

2025-05-23 · change

Japan Industrial Solutions Co., Ltd. 68.23%

2023-12-05 · initial_5pct

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥1,126	¥1,414	¥1,947	¥1,099	¥1,116	¥1,001
FCF/Share	¥-120	¥34	¥-82	¥71	¥149	¥187
EPS	¥-146	¥22	¥-120	¥-62	¥90	¥35
DPS	¥0	¥2	¥2	¥0	¥0	¥0
Capital Spending per share	¥0	¥0	¥0	¥0	¥0	¥0
Book Value per share	¥74	¥96	¥-28	¥-90	¥-0	¥35
Common Shares Outstanding	20M	20M	20M	20M	20M	20M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥22B	¥28B	¥38B	¥22B	¥22B	¥20B
Operating Margin (%)	-9.4%	2.1%	-5.3%	-2.5%	10.2%	5.9%
Net Profit (owners)	¥-3B	¥0B	¥-2B	¥-1B	¥2B	¥1B
Net Profit Margin (%)	-12.9%	1.6%	-6.2%	-5.6%	8.1%	3.5%
Working Capital	¥-9B	¥-8B	¥-10B	¥-12B	¥-9B	¥-8B
Total Debt (Interest-bearing)	¥18B	¥18B	¥21B	¥20B	¥18B	¥16B
Net Worth (Common Equity)	¥1B	¥2B	¥-1B	¥-2B	¥-0B	¥1B
Return on Total Assets (ROA)	-9.3%	1.3%	-7.1%	-4.1%	6.0%	2.6%
Return on Common Equity (ROE)	-197.9%	23.3%	—	—	—	100.6%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.