Nippon Seisen Co., Ltd.

5659 日本精線株式会社

Tools & Accessories · Prime · TSE: Disclosed

PRICE: ¥1,469 · MKT CAP: ¥45.5B · P/E: 21.0x · P/B: 1.05x · DIV YIELD: 3.8%

PRICE — 5Y

Characteristics & Business Summary

Nippon Seisen Co.,Ltd. manufactures and sells stainless steel wires in Japan and internationally. It offers stainless-steel wires, such as spring, micro, cold heading, shaft, weaving, and high alloy/titanium wires for use in vehicles, aircraft, office...

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

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Net Sales	34,108	44,795	49,055	44,727	46,749	46,601	23,800
Operating Profit	2,380	4,596	4,179	3,537	4,576	3,077	1,500
Ordinary Profit	2,602	4,599	4,317	3,699	4,585	3,241	—
Net Profit	1,825	3,177	3,086	2,592	3,250	2,147	1,100
EPS	¥298	¥518	¥499	¥419	¥105	¥69	—
DPS	¥110	¥210	¥210	¥210	¥56	¥16	—

Balance Sheet & Valuation Highlights

Total Assets ¥57B

Net Assets (Equity) ¥43B

Equity Ratio 75.4%

ROE (Return on Equity) 5.3%

Cash & Equivalents ¥17B

Interest-Bearing Debt ¥1B

Capital Expenditure (CapEx) ¥3B

Depreciation & Amort. ¥2B

Major Shareholders

1. 大同特殊鋼株式会社 50.4%
2. The Master Trust Bank of Japan, Ltd. (Trust Account) 7.6%
3. 前尾吉信 1.9%
4. Custody Bank of Japan, Ltd. (Trust Account) 1.8%
5. 特殊発條興業株式会社 1.1%
6. ASADA株式会社 1.0%
7. 日本精線共栄会 0.9%
8. 日本精線従業員持株会 0.9%
9. SBI Securities Co., Ltd. 0.8%
10. Citibank, N.A. 0.8%

Activist Activity

No large shareholder activist campaigns detected.

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues per share	¥5,561	¥7,304	¥7,927	¥7,228	¥1,511	¥1,506	—
FCF/Share	¥405	¥450	¥-15	¥330	¥107	¥20	—
EPS	¥298	¥518	¥499	¥419	¥105	¥69	—
DPS	¥110	¥210	¥210	¥210	¥56	¥16	—
Capital Spending per share	¥241	¥279	¥316	¥426	¥46	¥97	—
Book Value per share	¥5,295	¥5,641	¥5,875	¥6,084	¥1,273	¥1,300	—
Common Shares Outstanding	6M	6M	6M	6M	31M	—	—

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues (Net Sales)	¥34B	¥45B	¥49B	¥45B	¥47B	¥47B	¥24B
Operating Margin (%)	7.0%	10.3%	8.5%	7.9%	9.8%	6.6%	6.3%
Net Profit (owners)	¥2B	¥3B	¥3B	¥3B	¥3B	¥2B	¥1B
Net Profit Margin (%)	5.4%	7.1%	6.3%	5.8%	7.0%	4.6%	4.6%
Working Capital	¥17B	¥19B	¥20B	¥22B	¥24B	¥24B	—
Total Debt (Interest-bearing)	¥1B	¥0B	¥1B	¥0B	¥0B	¥1B	—
Net Worth (Common Equity)	¥32B	¥35B	¥36B	¥38B	¥39B	¥40B	—
Return on Total Assets (ROA)	4.0%	6.2%	5.7%	4.9%	5.8%	3.8%	—
Return on Common Equity (ROE)	5.6%	9.2%	8.5%	6.9%	8.3%	5.3%	—

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.