5367
NIKKATO CORPORATION
株式会社ニッカトー
Glass & Ceramics Products
Nikkato Corporation manufactures and sells industrial ceramics consumables in Japan. The company operates through Ceramics Business and Engineering Business segments. The Ceramics Business segment manufactures and sells ceramic tools, fixtures, tube, protection and insulating tube, firing container, crucible, setter, ball, wear resistant component, laboratory porcelains, and machine parts used in the production processes of manufacturers of electronic components, foods, pharmaceuticals, paints, and other products. The Engineering Business segment purchases and sells temperature measurement and control equipment and system; heating equipment; temperature sensor; and functional, and special refractory ceramics. The company was founded in 1913 and is headquartered in Sakai, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥11.3B
¥10.1B
¥10.2B
¥10.7B
¥10.0B
Cost of Sales
¥8.8B
¥8.1B
¥7.9B
¥8.1B
¥7.6B
Gross Profit
¥2.6B
¥2.0B
¥2.3B
¥2.6B
¥2.3B
SG&A
¥1.5B
¥1.4B
¥1.4B
¥1.5B
¥1.4B
Operating Income
¥1.1B
¥638M
¥918M
¥1.1B
¥972M
Non-Operating Income
¥100M
¥94M
¥86M
¥90M
¥72M
Dividend Income
—
¥75M
¥67M
¥61M
¥51M
Interest Income
—
¥1M
¥1M
¥1M
¥1M
Non-Operating Expenses
—
¥13M
¥12M
¥15M
¥16M
Interest Expense
—
¥7M
¥6M
¥8M
¥9M
Ordinary Income
¥1.1B
¥720M
¥992M
¥1.2B
¥1.0B
Pre-tax Income
¥1.1B
¥718M
¥984M
¥1.2B
¥1.0B
Income Taxes
¥335M
¥214M
¥282M
¥339M
¥338M
Current Tax
—
¥242M
¥241M
¥351M
¥291M
Deferred Tax
—
¥-28M
¥41M
¥-12M
¥47M
Net Income (owners)
¥776M
¥504M
¥702M
¥835M
¥672M
EBITDA
¥1.8B
¥1.3B
¥1.5B
¥1.7B
¥1.7B
EPS
¥64.90
¥42.16
¥58.81
¥69.99
¥56.29
Shares Outstanding
—
12.1M
12.1M
12.1M
12.1M
Shares Issued (total)
—
12.1M
12.1M
12.1M
12.1M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥18.9B
¥17.1B
¥17.2B
¥16.9B
¥16.5B
Current Assets
¥11.0B
¥10.1B
¥10.1B
¥10.3B
¥9.6B
Cash & Deposits
¥4.1B
¥3.6B
¥3.4B
¥3.5B
¥3.4B
Trade Receivables
—
¥2.4B
¥2.5B
¥2.4B
¥2.2B
Inventories
—
¥66M
¥71M
¥66M
¥60M
Non-Current Assets
¥7.9B
¥7.0B
¥7.1B
¥6.6B
¥6.9B
PP&E
¥4.8B
¥4.9B
¥4.7B
¥4.6B
¥4.9B
Intangible Assets
—
¥83M
¥102M
¥148M
¥189M
Investment Securities
¥2.8B
¥1.9B
¥2.2B
¥1.8B
¥1.8B
Total Liabilities
¥4.7B
¥4.0B
¥4.1B
¥4.5B
¥4.7B
Current Liabilities
¥4.1B
¥3.5B
¥3.3B
¥3.6B
¥3.7B
ST Debt
¥506M
¥614M
¥614M
¥621M
¥657M
Taxes Payable
—
¥137M
¥79M
¥226M
¥171M
Non-Current Liabilities
¥601M
¥515M
¥817M
¥896M
¥1.1B
Total LT Borrowings
—
¥106M
¥321M
¥535M
¥756M
Deferred Tax Liab.
—
¥185M
¥265M
¥102M
¥98M
Total Equity
¥14.1B
¥13.1B
¥13.1B
¥12.4B
¥11.8B
Capital Stock
—
¥1.3B
¥1.3B
¥1.3B
¥1.3B
Capital Surplus
—
¥1.3B
¥1.3B
¥1.2B
¥1.2B
Retained Earnings
¥10.5B
¥10.0B
¥9.8B
¥9.4B
¥8.8B
Treasury Stock
—
¥-107M
¥-114M
¥-88M
¥-88M
AOCI
—
¥636M
¥828M
¥562M
¥528M
Equity (owners)
¥13.0B
¥12.5B
¥12.2B
¥11.8B
¥11.3B
Total Interest-Bearing Debt ⓘ
¥506M
¥721M
¥935M
¥1.2B
¥1.4B
Net Cash ⓘ
¥3.6B
¥2.9B
¥2.4B
¥2.4B
¥1.9B
NCAV ⓘ
¥6.3B
¥6.1B
¥6.0B
¥5.8B
¥4.9B
NCAV/Share
—
¥501
¥492
¥474
¥400
BV/Share
—
¥1,028
¥1,009
¥975
¥928
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥1.7B
¥1.7B
¥785M
¥939M
¥1.6B
Interest Paid
—
¥-7M
¥-7M
¥-8M
¥-9M
Interest Received
—
¥76M
¥68M
¥62M
¥53M
D&A
¥681M
¥656M
¥609M
¥629M
¥683M
Investing CF
¥-710M
¥-926M
¥-399M
¥-267M
¥-561M
CapEx
¥528M
¥896M
¥393M
¥262M
¥530M
Purchase Investments
—
—
—
—
¥-0M
Proceeds from Invest.
—
—
—
¥6M
¥2M
Financing CF
¥-470M
¥-493M
¥-510M
¥-521M
¥-397M
Dividends Paid
—
¥-278M
¥-288M
¥-263M
¥-155M
Share Buybacks
—
¥-0M
¥-94M
—
¥-0M
LT Debt Repaid
—
¥-214M
¥-221M
¥-257M
¥-240M
Free Cash Flow
¥1.1B
¥781M
¥392M
¥676M
¥1.1B
Net Change in Cash
—
¥258M
¥-124M
¥150M
¥681M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
5.7%
3.8%
5.5%
6.9%
5.8%
ROA
4.3%
2.9%
4.1%
5.0%
4.1%
EPS
¥64.90
¥42.16
¥58.81
¥69.99
¥56.29
DPS
¥10.00
¥21.00
¥24.00
¥23.00
¥20.00
BPS
¥1,182.49
¥1,097.65
¥1,095.31
¥1,038.39
¥987.52
FCF/Share
—
¥64
¥32
¥56
¥91
NCAV/Share
—
¥501
¥492
¥474
¥400
Payout Ratio
15.4%
49.8%
40.8%
32.9%
35.5%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 1
Date Activist Stake Event Flag Demands Source
2023-09-25
Mizuho Bank, Ltd.
5.65%
initial_5pct
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 9
#
Shareholder
Shares (thou.)
% of Total
1
ニッカトー取引先持株会
875
7.20%
2
東ソー株式会社
599
5.00%
3
株式会社チノー
574
4.70%
4
株式会社みずほ銀行
499
4.10%
5
ニッカトー従業員持株会
406
3.40%
6
株式会社共和電業
400
3.30%
7
朝日生命保険相互会社
353
2.90%
8
株式会社ツバキ・ナカシマ
300
2.50%
9
西 村 隆
290
2.40%
10
DEUTSCHE BANK AG, SINGAPORE A/C CLIENTS (TREATY) 4600601(常任代理人 株式会社みずほ銀行決済営業部)
202
1.70%
Domestic Nominees
0.0%
-3.2% 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
37.2%
+2.2% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
ニッカトー取引先持株会
6.50%
6.80%
7.20%
+0.40%
東ソー
5.00%
5.00%
5.00%
式会社チノー
4.80%
4.70%
4.70%
みずほ銀行
4.20%
4.10%
4.10%
ニッカトー従業員持株会
3.40%
3.30%
3.40%
+0.10%
式会社共和電業
3.40%
3.30%
3.30%
朝日生命保険相互会社
3.00%
2.90%
2.90%
式会社ツバキ・ナカシマ
2.50%
2.50%
2.50%
西 村 隆
2.40%
2.40%
2.40%
Deutsche Bank
NEW ENTRY
—
—
—
1.70%
NEW
日本マスタートラスト信託銀行
last seen 2024
Exited Top 10
5.20%
3.20%
—
Concentration (HHI)
ⓘ
179
163
162
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥1,942M
+8% since 2023
Holdings
9
+1 new
1 exited
Trend
Stable
vs 2023
Held Company
FY2025
¥1,942M total
FY2023
¥1,799M total
Book Val ¥M
Shares
Book Val ¥M
Shares
TOSOH CORPORATION
東ソー㈱
574
279,500
502
279,500
M
Chino Corporation
㈱チノー
417
209,881
452
209,881
M
KYOWA ELECTRONIC INSTRUMENTS CO.,LTD.
㈱共和電業
396
841,520
294
841,520
M
KUBOTA CORPORATION
㈱クボタ
309
169,000
338
169,000
M
Noritake Company Limited
ノリタケ㈱
115
NEW
New
32,950
—
M
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
92
22,610
42
22,610
M
譬ェ蠑丈シ夂、セ繝�繝舌く繝サ繝翫き繧キ繝�
㈱ツバキ・ナカシマ
40
100,000
96
100,000
M
TOYO SECURITIES CO., LTD.
東洋証券㈱
—
—
M
第一生命ホールディングス㈱
—
—
M
㈱ノリタケカンパニーリミテド
—
−100%
Exit
—
76
16,475
M
Portfolio total
1,942
1,799
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding