5563
Nippon Denko Co., Ltd.
新日本電工株式会社
Iron & Steel
Nippon Denko Co., Ltd., together with its subsidiaries, engages in the ferroalloys, functional materials, incineration ash resource recovery, aqua solutions, and electric power businesses in Japan. The company offers ferroalloys products, including high and low carbon ferromanganese, silomanganese, and ferrosilicon; warehousing, port cargo handling, and functional materials, such as zirconium and boron oxide, metal hydride and boron alloys, storage alloys, manganese inorganic chemical products, and cathode materials for lithium-ion batteries. It also provides eco-melt systems and the utilization of ECOLAROCK, as well as melting and solidification, detoxification treatment/recycling; and aqua solutions comprising wastewater treatment equipment and pure water production systems. In addition, the company is involved in the electric power business and operates dams and power plants. Nippon Denko Co., Ltd. was founded in 1925 and is based in Chuo, 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
¥77.3B
¥78.2B
¥76.4B
¥79.3B
¥66.0B
Cost of Sales
¥64.8B
¥64.6B
¥65.0B
¥64.0B
¥51.6B
Gross Profit
¥12.5B
¥13.6B
¥11.4B
¥15.4B
¥14.4B
SG&A
¥7.3B
¥6.8B
¥6.7B
¥6.6B
¥5.9B
Operating Income
¥5.2B
¥6.9B
¥4.7B
¥8.8B
¥8.4B
Non-Operating Income
¥436M
¥738M
¥833M
¥2.8B
¥560M
Dividend Income
¥155M
¥134M
¥139M
¥197M
¥121M
Interest Income
¥53M
¥224M
¥213M
¥163M
¥135M
Non-Operating Expenses
¥2.9B
¥2.7B
¥3.1B
¥1.2B
¥2.1B
Interest Expense
¥575M
¥592M
¥545M
¥485M
¥479M
Ordinary Income
¥2.7B
¥4.9B
¥2.5B
¥10.4B
¥6.9B
Pre-tax Income
¥2.5B
¥4.7B
¥3.0B
¥10.4B
¥6.1B
Income Taxes
¥1.1B
¥1.6B
¥-1.4B
¥2.5B
¥-1.6B
Current Tax
¥729M
¥785M
¥154M
¥1.2B
¥771M
Deferred Tax
¥367M
¥816M
¥-1.6B
¥1.3B
¥-2.4B
Net Income (owners)
¥1.4B
¥3.1B
¥4.4B
¥7.9B
¥7.8B
Minority Interest
—
—
¥0M
¥12M
¥3M
Comprehensive Income
¥2.8B
¥3.6B
¥5.2B
¥10.8B
¥9.2B
EBITDA
¥8.8B
¥10.1B
¥7.7B
¥11.3B
¥10.6B
EPS
¥10.70
¥22.91
¥31.83
¥54.45
¥52.91
Shares Outstanding
124.8M
137.3M
137.2M
139.8M
146.8M
Shares Issued (total)
137.4M
137.3M
137.2M
146.9M
146.9M
Treasury Shares
12.6M
0.0M
0.0M
7.1M
0.0M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥93.4B
¥102.2B
¥101.0B
¥104.9B
¥95.9B
Current Assets
¥44.4B
¥54.0B
¥51.9B
¥56.9B
¥53.5B
Cash & Deposits
¥6.0B
¥5.9B
¥7.9B
¥8.9B
¥9.8B
Trade Receivables
¥10.6B
¥11.5B
¥10.7B
¥10.8B
—
Non-Current Assets
¥49.0B
¥48.2B
¥49.2B
¥48.0B
¥42.4B
PP&E
¥27.3B
¥27.2B
¥26.9B
¥26.4B
¥23.4B
Intangible Assets
¥812M
¥543M
¥362M
¥164M
¥139M
Investment Securities
¥19.2B
¥12.3B
¥13.3B
¥14.3B
¥10.4B
Deferred Tax Assets
¥339M
¥1.3B
¥2.4B
¥1.1B
¥3.2B
Total Liabilities
¥22.4B
¥28.5B
¥29.3B
¥35.7B
¥31.6B
Current Liabilities
¥14.0B
¥18.8B
¥16.1B
¥24.9B
¥17.3B
Accounts Payable
¥3.4B
¥5.8B
¥4.2B
¥7.6B
¥7.0B
ST Debt
¥5.6B
¥7.6B
¥5.5B
¥10.6B
¥4.6B
Taxes Payable
¥394M
¥814M
¥96M
¥819M
¥778M
Non-Current Liabilities
¥8.4B
¥9.7B
¥13.2B
¥10.8B
¥14.3B
Total LT Borrowings
¥4.4B
¥5.5B
¥8.9B
¥6.2B
¥8.8B
Pension Obligations
—
—
—
—
¥325M
Deferred Tax Liab.
—
—
—
¥5M
¥489M
Total Equity
¥71.0B
¥73.7B
¥71.7B
¥69.2B
¥64.3B
Capital Stock
¥11.1B
¥11.1B
¥11.1B
¥11.1B
¥11.1B
Capital Surplus
¥17.5B
¥17.5B
¥17.4B
¥21.4B
¥21.4B
Retained Earnings
¥40.2B
¥40.5B
¥39.0B
¥36.2B
¥31.2B
Treasury Stock
¥-3.9B
¥-1M
¥0M
¥-3.0B
¥0M
AOCI
¥6.1B
¥4.7B
¥4.2B
¥3.4B
¥524M
Equity (owners)
¥65.0B
¥69.0B
¥67.5B
¥65.8B
¥63.7B
Minority Interests
—
—
—
¥37M
¥68M
Total Interest-Bearing Debt ⓘ
¥10.0B
¥13.1B
¥14.4B
¥16.8B
¥13.3B
Net Cash ⓘ
¥-4.0B
¥-7.1B
¥-6.5B
¥-7.8B
¥-3.5B
NCAV ⓘ
¥22.0B
¥25.4B
¥22.5B
¥21.2B
¥21.9B
NCAV/Share
¥177
¥185
¥164
¥152
¥149
BV/Share
¥521
¥503
¥492
¥470
¥434
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥14.6B
¥6.0B
¥8.8B
¥6.3B
¥5.2B
Taxes Paid
¥-1.1B
¥257M
¥-1.2B
¥-1.1B
¥-156M
Interest Paid
¥-576M
¥-594M
¥-547M
¥-488M
¥-481M
Interest Received
¥538M
¥134M
¥141M
¥233M
¥121M
D&A
¥3.7B
¥3.2B
¥2.9B
¥2.5B
¥2.1B
Investing CF
¥-5.6B
¥-4.8B
¥-4.7B
¥-4.6B
¥-2.2B
Purchase Investments
¥-361M
¥-110M
¥-236M
¥-16M
¥-13M
Proceeds from Invest.
—
—
¥745M
¥407M
¥84M
Financing CF
¥-8.9B
¥-3.1B
¥-5.2B
¥-2.7B
¥-2.9B
Dividends Paid
¥-1.6B
¥-1.4B
¥-1.7B
¥-2.9B
¥-1.3B
Share Buybacks
¥-4.0B
¥0M
¥-1.0B
¥-3.0B
—
LT Debt Repaid
¥-3.6B
¥-3.5B
¥-3.1B
¥-2.6B
¥-1.5B
Free Cash Flow
¥14.6B
¥6.0B
¥8.8B
¥6.3B
¥5.2B
Net Change in Cash
¥76M
¥-1.9B
¥-1.0B
¥-868M
¥176M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
2.0%
4.3%
6.2%
11.9%
12.9%
ROA
1.4%
3.1%
4.2%
7.9%
8.1%
EPS
¥10.70
¥22.91
¥31.83
¥54.45
¥52.91
DPS
¥12.00
¥11.00
¥9.00
¥17.00
¥16.00
BPS
¥569.17
¥536.65
¥522.55
¥494.76
¥437.58
FCF/Share
¥117
¥43
¥64
¥45
¥36
NCAV/Share
¥177
¥185
¥164
¥152
¥149
Payout Ratio
112.1%
48.0%
28.3%
31.2%
30.2%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 1
Date Activist Stake Event Flag Demands Source
2025-08-22
Mizuho Bank, Ltd.
1.61%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 10
#
Shareholder
Shares (thou.)
% of Total
1
日本製鉄株式会社
30,314
24.29%
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)
14,233
11.41%
3
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行 (信託口)
3,479
2.79%
4
新日本電工取引先持株会
2,495
2.00%
5
日鉄鉱業株式会社
2,100
1.68%
6
新日本電工従業員持株会
1,873
1.50%
7
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505223 (常任代理人 株式会社みずほ銀行決済営業部)
1,515
1.21%
8
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行決済営業部)
1,367
1.10%
9
紀岡 直樹
1,300
1.04%
10
日鉄物産株式会社
1,072
0.86%
Domestic Nominees
14.2%
-2.1% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
2.3%
+2.3% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
31.4%
+1.2% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
日本製鉄
22.09%
22.08%
24.29%
+2.21%
日本マスタートラスト信託銀行
8.61%
11.35%
11.41%
+0.06%
日本カストディ銀行
3.23%
3.99%
2.79%
-1.20%
新日本電工取引先持株会
1.64%
1.71%
2.00%
+0.29%
日鉄鉱業
1.53%
1.53%
1.68%
+0.15%
新日本電工従業員持株会
↑
0.90%
0.97%
1.50%
+0.53%
State Street
NEW ENTRY
—
—
—
1.21%
NEW
JP Morgan
NEW ENTRY
—
—
—
1.10%
NEW
紀岡 直樹
NEW ENTRY
—
—
—
1.04%
NEW
日鉄物産
NEW ENTRY
—
—
—
0.86%
NEW
みずほ銀行
last seen 2024
Exited Top 10
2.92%
2.91%
—
JP MORGAN CHASE BANK 385781
last seen 2024
Exited Top 10
0.92%
0.99%
—
みずほ信託銀行
last seen 2024
Exited Top 10
0.91%
0.91%
—
Concentration (HHI)
ⓘ
589
649
742
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥4,408M
+93% since 2023
Holdings
10
Trend
5 building
vs 2023
Held Company
FY2025
¥4,408M total
FY2023
¥2,281M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Nittetsu Mining CO.,Ltd.
日鉄鉱業㈱
2,102
+400.0%
↑
940,000
979
188,000
M
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
1,356
238,007
574
238,007
Daido Special Steel Co., Ltd.
大同特殊鋼㈱
364
+3.2%
↑
227,754
331
220,663
NYK Line Co.
日本郵船㈱
228
45,000
196
45,000
M
C.Uyemura & Co.,Ltd.
上村工業㈱
113
+5.5%
↑
7,773
81
7,369
M
Nippon Electric Glass Co., Ltd.
日本電気硝子㈱
106
+14.8%
↑
17,263
45
15,035
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
65
+200.0%
↑
12,951
29
4,317
MEIKO TRANS CO.,LTD.
名港海運㈱
56
26,740
39
26,740
M
DAITO KOUN CO.,LTD.
大東港運㈱
18
10,000
7
10,000
M
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
—
—
Portfolio total
4,408
2,281
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding