Nippachi Automatic Stamping and Bending Machinery Co., Ltd.

日精エー・エス・ビー機械株式会社

Machinery

Nissei ASB Machine Co., Ltd. engages in the planning, development, manufacturing, and distribution of production machines for PET and other plastic bottles worldwide. It provides stretch blow molding machines, molds, and auxiliary equipment and parts. The company was incorporated in 1978 and is based in Komoro, Japan.

← Companies

Price

¥9,360

Market Cap

¥140.3B

Ent. Value

¥114.0B

Net Cash

¥26.4B

Shares Out.

15.0M

P / E

18.1×

EV / EBIT

10.7×

P / Book

2.38×

P / NCAV

3.34×

Div. Yield

2.14%

Financials

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Net Sales	¥43.7B	¥36.8B	¥34.8B	¥30.3B	¥35.9B
Cost of Sales	¥23.1B	¥19.4B	¥19.1B	¥16.9B	¥19.3B
Gross Profit	¥20.6B	¥17.4B	¥15.6B	¥13.4B	¥16.6B
SG&A	¥9.9B	¥9.5B	¥8.5B	¥7.9B	¥7.8B
Operating Income	¥10.6B	¥7.9B	¥7.2B	¥5.6B	¥8.7B
Non-Operating Income	¥378M	¥416M	¥467M	¥3.4B	¥997M
Dividend Income	¥20M	¥12M	¥9M	¥8M	¥7M
Interest Income	¥238M	¥226M	¥241M	¥170M	¥140M
Non-Operating Expenses	¥106M	¥315M	¥680M	¥74M	¥156M
Interest Expense	¥44M	¥38M	¥38M	¥38M	¥49M
Ordinary Income	¥10.9B	¥8.0B	¥7.0B	¥8.9B	¥9.6B
Pre-tax Income	¥10.9B	¥8.0B	¥7.0B	¥8.9B	¥9.6B
Income Taxes	¥3.2B	¥2.2B	¥1.9B	¥2.8B	¥2.9B
Current Tax	¥3.1B	¥2.2B	¥2.1B	¥2.7B	¥3.3B
Deferred Tax	¥-14M	¥62M	¥-198M	¥140M	¥-381M
Net Income (owners)	¥7.7B	¥5.8B	¥5.1B	¥6.1B	¥6.7B
Minority Interest	¥9M	¥3M	¥0M	¥4M	¥8M
Comprehensive Income	¥8.3B	¥4.3B	¥6.0B	¥9.5B	¥7.4B
EBITDA	¥12.5B	¥9.8B	¥8.9B	¥7.2B	¥10.3B
EPS	¥516.36	¥385.52	¥339.23	¥408.97	¥445.60
Shares Outstanding	15.0M	15.0M	15.0M	15.0M	15.0M
Shares Issued (total)	15.0M	15.3M	15.3M	15.3M	15.3M
Treasury Shares	—	0.4M	0.4M	0.4M	0.4M

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Total Assets	¥78.4B	¥72.8B	¥70.2B	¥69.0B	¥64.3B
Current Assets	¥61.5B	¥55.1B	¥50.7B	¥48.3B	¥46.3B
Cash & Deposits	¥32.5B	¥28.4B	¥23.6B	¥19.2B	¥20.4B
Trade Receivables	¥9.1B	¥7.0B	¥6.9B	¥6.4B	—
Non-Current Assets	¥16.9B	¥17.7B	¥19.5B	¥20.7B	¥18.0B
PP&E	¥14.7B	¥15.7B	¥17.5B	¥18.4B	¥15.1B
Intangible Assets	¥177M	¥127M	¥101M	¥111M	¥120M
Investment Securities	¥775M	¥449M	¥466M	¥277M	¥259M
Deferred Tax Assets	¥732M	¥806M	¥887M	¥1.0B	¥1.0B
Total Liabilities	¥19.4B	¥19.9B	¥19.8B	¥23.1B	¥26.4B
Current Liabilities	¥12.9B	¥11.9B	¥10.3B	¥11.9B	¥13.7B
Accounts Payable	¥2.2B	¥2.3B	¥2.0B	¥1.7B	¥3.5B
ST Debt	¥1.5B	¥1.5B	¥1.5B	¥1.8B	¥2.1B
Taxes Payable	¥1.3B	¥473M	¥309M	¥1.7B	¥2.1B
Non-Current Liabilities	¥6.5B	¥8.1B	¥9.5B	¥11.2B	¥12.7B
Total LT Borrowings	¥4.6B	¥6.1B	¥7.6B	¥9.1B	¥10.9B
Pension Obligations	¥1.1B	¥1.1B	¥943M	¥833M	¥770M
Deferred Tax Liab.	¥5M	¥5M	¥15M	¥368M	¥207M
Total Equity	¥58.9B	¥52.8B	¥50.4B	¥45.9B	¥37.9B
Capital Stock	¥3.9B	¥3.9B	¥3.9B	¥3.9B	¥3.9B
Capital Surplus	¥3.2B	¥3.2B	¥3.2B	¥3.2B	¥3.2B
Retained Earnings	¥50.9B	¥45.7B	¥41.7B	¥38.1B	¥33.5B
Treasury Stock	—	¥-302M	¥-301M	¥-301M	¥-300M
AOCI	¥976M	¥382M	¥1.9B	¥1.0B	¥-2.4B
Equity (owners)	¥57.9B	¥52.4B	¥48.4B	¥44.9B	¥40.2B
Minority Interests	¥57M	¥45M	¥40M	¥37M	¥28M

Total Interest-Bearing Debt ⓘ	¥6.1B	¥7.6B	¥9.1B	¥10.9B	¥13.0B
Net Cash ⓘ	¥26.4B	¥20.8B	¥14.5B	¥8.3B	¥7.4B
NCAV ⓘ	¥42.0B	¥35.2B	¥30.9B	¥25.2B	¥19.9B
NCAV/Share	¥2,804	¥2,348	¥2,060	¥1,684	¥1,330
BV/Share	¥3,863	¥3,497	¥3,231	¥2,992	¥2,683

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Operating CF	¥8.4B	¥9.6B	¥7.9B	¥3.5B	¥5.6B
Interest Paid	¥-33M	¥-40M	¥-34M	¥-41M	¥-46M
Interest Received	¥263M	¥239M	¥244M	¥175M	¥146M
D&A	¥1.9B	¥1.9B	¥1.8B	¥1.7B	¥1.6B
Investing CF	¥-1.0B	¥-794M	¥-675M	¥-3.2B	¥-1.9B
CapEx	¥930M	¥708M	¥632M	¥3.2B	¥1.8B
Purchase Investments	¥-10M	¥-10M	¥-10M	—	¥-60M
Financing CF	¥-3.9B	¥-3.4B	¥-3.4B	¥-3.7B	¥-2.9B
Dividends Paid	¥-2.2B	¥-1.8B	¥-1.5B	¥-1.5B	¥-899M
Share Buybacks	¥0M	¥0M	¥0M	¥0M	¥0M
LT Debt Repaid	¥-1.5B	¥-1.5B	¥-1.8B	¥-2.1B	¥-1.9B
Free Cash Flow	¥7.5B	¥8.9B	¥7.3B	¥285M	¥3.8B
Net Change in Cash	¥4.0B	¥4.9B	¥4.4B	¥-1.2B	¥1.2B

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
ROE	13.9%	11.2%	10.6%	14.6%	19.3%
ROA	10.2%	8.1%	7.3%	9.2%	10.4%
EPS	¥516.36	¥385.52	¥339.23	¥408.97	¥445.60
DPS	¥200.00	¥150.00	¥120.00	¥100.00	¥100.00
BPS	¥3,928.27	¥3,522.27	¥3,358.21	¥3,059.44	¥2,526.30
FCF/Share	¥498	¥594	¥484	¥19	¥253
NCAV/Share	¥2,804	¥2,348	¥2,060	¥1,684	¥1,330
Payout Ratio	38.7%	38.9%	35.4%	24.5%	22.4%

Event Timeline

S Shareholder A Capital Signal

Large Shareholder Reports 7

Date	Activist	Stake	Event	Flag	Demands
2025-09-19	Templeton Investment Counsel, LLC	3.95% -1.17%	change	Passive	—
2025-04-14	Norges Bank	3.95% -1.05%	change	Passive	—
2024-05-17	Templeton Investment Counsel, LLC	5.12%	initial_5pct	Passive	—
2024-04-19	Sumitomo Mitsui Trust Asset Management Co.,Ltd.	4.17% -1.13%	change	Passive	—
2024-03-07	Norges Bank	5.0%	initial_5pct	Passive	—
2024-03-04	daiichi aoki	42.75%	change	Passive	—
2023-08-04	Sumitomo Mitsui Trust Asset Management Co.,Ltd.	5.3%	change	Passive	—

Capital Allocation Signals 1

Date	Type	Amount	Summary
2026-05-13 16:00	Div Increase	¥240.0/sh +20%	ASB Machinery (日精エー･エス･ビー機械) increased FY2026 Bending Sept 2026) annual dividend forecast by 20% from ¥200 to ¥240 per s…
Summary ASB Machinery (日精エー･エス･ビー機械) increased FY2026 Bending Sept 2026) annual dividend forecast by 20% from ¥200 to ¥240 per share following upward revision of consolidated earnings. The company raised revenue forecast to ¥50.0B (+6.8%), operating profit to ¥13.0B (+13.0%), and net income to ¥9.1B (+12.3%), driven by strong product competitiveness and record order backlog from international exhibitions. YoY: +20% Source (JP) 2025年11月12日に公表いたしました1株当たり200円の年間配当予想を、1株当たり40円増額し、240円に修正いたします。連結配当性向40％を目途に、継続的かつ安定的な配当に努めることを基本方針としております。業績予想及び配当予想の修正（増配）に関するお知らせ TDnet PDF

#	Shareholder	Shares (thou.)	% of Total
1	エー・エス・ビーインコーポレーテッド株式会社	6,533	43.58%
2	Japan Master Trust Bank 日本マスタートラスト信託銀行株式会社（信託口）	1,558	10.40%
3	Japan Custody Bank 株式会社日本カストディ銀行（信託口）	689	4.60%
4	THE BANK OF NEW YORK MELLON THE BANK OF NEW YORK MELLON 140044 （常任代理人株式会社みずほ銀行決済営業部）	391	2.61%
5	GOVERNMENT OF NORWAY GOVERNMENT OF NORWAY （常任代理人シティバンク、エヌ・エイ東京支店）	364	2.43%
6	株式会社八十二銀行	325	2.17%
7	MUFG Bank 株式会社三菱ＵＦＪ銀行	207	1.38%
8	State Street Bank and Trust Company STATE STREET BANK AND TRUST COMPANY 505019 （常任代理人株式会社みずほ銀行決済営業部）	195	1.30%
9	青木高太	153	1.02%
10	青木佐知	153	1.02%

as of 2025-09-30 Source: EDINET ↗

Ownership by year — hover bars for detail

Domestic Nominees

15.0%

+0.6% vs 2024

Trust bank custodians — GPIF, pensions, investment trusts

Foreign Custodians

3.9%

-0.3% vs 2024

Sub-custodians for foreign asset managers

Direct / Strategic

51.6%

-2.5% vs 2024

Named entities with disclosed investment intent

Shareholder	Trend	2023	2024	2025
エー・エス・ビーインコーポレーテッド		43.58%	43.58%	43.58%
Japan Master Trust Bank 日本マスタートラスト信託銀行		12.05%	8.63%	10.40% +1.77%
Japan Custody Bank 日本カストディ銀行		6.28%	5.74%	4.60% -1.14%
BNY Mellon		1.70%	3.01%	2.61% -0.40%
GOVERNMENT OF NORWAY		3.90%	4.94%	2.43% -2.51%
式会社八十二銀行		2.17%	2.17%	2.17%
MUFG Bank 式会社三菱ＵＦＪ銀行		1.38%	1.38%	1.38%
State Street NEW ENTRY	—	—	—	1.30% NEW
青木佐知		1.02%	1.02%	1.02%
青木高太		1.02%	1.02%	1.02%
Northern Trust last seen 2024	Exited Top 10	—	1.19%	—
青木元太 last seen 2023	Exited Top 10	1.02%	—	—
Concentration (HHI) ⓘ		2112	2050	2052

3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved

Portfolio Book Value ¥746M +88% since 2023

Holdings 2

Trend Stable vs 2023

Held Company	FY2025 ¥746M total		FY2023 ¥396M total
	Book Val ¥M	Shares	Book Val ¥M	Shares
Mitsubishi UFJ Financial Group, Inc. ㈱三菱ＵＦＪフィナンシャル・グループ	375	157,040	199	157,040
㈱八十二銀行	371	240,000	197	240,000	M
Portfolio total	746		396

Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding