6376
Nikkiso Co.
日機装株式会社
Precision Instruments
Nikkiso Co., Ltd. engages in industrial, aerospace, and medical businesses worldwide. The company provides pumps and systems, such as canned motor, reciprocating, and cryogenic submerged motor pumps; cryogenic pumps and systems; metering and mixing and odorizing systems; cryogenic heat transfer devices; and cryogenic process plant; precision equipment, including water-conditioning systems for power plants; ceramic substrate production systems; 3D sintering equipment; cold isostatic press; and dryers. It also produces and supplies various parts and components for jet engine, nacelle, and the wings for aircraft using carbon fiber reinforced plastic; and provides hemodialysis equipment. The company was formerly known as Nippon Kikai Keiso Kaisha Ltd. and changed its name to Nikkiso Co., Ltd. in November 1968. The company was incorporated in 1950 and is headquartered in Tokyo, Japan.
Price
¥3,105
Market Cap
¥202.7B
Ent. Value
¥240.7B
Net Debt
−¥38.0B
Shares Out.
65.3M
P / E
15.1×
EV / EBIT
15.7×
P / Book
—
P / NCAV
N/M
Div. Yield
1.29%
Financials
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥215.6B | ¥213.4B | ¥192.6B | ¥177.1B | ¥167.8B |
| Cost of Sales | ¥150.6B | ¥155.4B | ¥141.7B | ¥131.5B | ¥116.6B |
| Gross Profit | ¥65.0B | ¥58.0B | ¥51.0B | ¥45.6B | ¥51.1B |
| SG&A | ¥50.1B | ¥51.7B | ¥46.4B | ¥49.1B | ¥48.6B |
| Operating Income | ¥15.3B | ¥6.4B | ¥5.9B | ¥34.2B | ¥3.1B |
| Non-Operating Income | ¥2.5B | ¥3.8B | ¥5.9B | ¥868M | ¥2.1B |
| Non-Operating Expenses | ¥1.1B | ¥990M | ¥775M | ¥2.6B | ¥1.1B |
| Pre-tax Income | ¥17.3B | ¥10.0B | ¥11.6B | ¥32.7B | ¥4.0B |
| Net Income (owners) | ¥13.7B | ¥8.0B | ¥9.1B | ¥13.6B | ¥221M |
| Minority Interest | ¥155M | ¥-91M | ¥66M | ¥208M | ¥152M |
| Comprehensive Income | ¥22.0B | ¥17.8B | ¥12.2B | ¥29.1B | ¥7.5B |
| EBITDA | ¥26.6B | ¥17.6B | ¥16.3B | ¥44.0B | ¥13.0B |
| EPS | ¥206.22 | ¥120.15 | ¥137.09 | ¥195.23 | ¥3.11 |
| Shares Outstanding | 65.3M | 66.2M | 66.2M | 66.2M | 71.2M |
| Shares Issued (total) | 69.2M | 69.2M | 69.2M | 74.3M | 74.3M |
| Treasury Shares | 3.9M | 2.9M | 3.0M | 8.1M | 3.0M |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥358.1B | ¥325.6B | ¥296.2B | ¥286.6B | ¥299.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥194.4B | ¥180.1B | ¥160.7B | ¥158.0B | ¥138.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥44.6B | ¥34.7B | ¥32.3B | ¥48.5B | ¥29.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥163.7B | ¥145.4B | ¥135.6B | ¥128.6B | ¥160.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥51.8B | ¥53.4B | ¥53.6B | ¥51.0B | ¥55.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥26.9B | ¥26.9B | ¥25.3B | ¥23.2B | ¥50.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥2.5B | ¥2.8B | ¥2.4B | ¥2.8B | ¥3.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥197.9B | ¥183.6B | ¥169.9B | ¥170.8B | ¥204.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥87.6B | ¥82.7B | ¥101.7B | ¥71.2B | ¥96.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥8.7B | ¥9.1B | ¥16.5B | ¥10.8B | ¥43.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥110.3B | ¥100.9B | ¥68.2B | ¥99.6B | ¥108.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥73.9B | ¥75.2B | ¥48.3B | ¥63.2B | ¥88.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥9.3B | ¥3.1B | ¥2.5B | ¥19.4B | ¥3.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥160.2B | ¥142.0B | ¥126.3B | ¥115.8B | ¥94.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥6.0B | ¥6.0B | ¥6.1B | ¥11.0B | ¥11.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥107.7B | ¥95.9B | ¥89.7B | ¥81.7B | ¥69.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-4.2B | ¥-2.7B | ¥-2.8B | ¥-7.5B | ¥-2.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥42.1B | ¥34.3B | ¥24.8B | ¥22.5B | ¥7.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥158.2B | ¥140.1B | ¥124.4B | ¥114.2B | ¥92.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥2.1B | ¥1.9B | ¥1.9B | ¥1.5B | ¥2.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥82.6B | ¥84.3B | ¥64.8B | ¥74.0B | ¥132.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-38.0B | ¥-49.7B | ¥-32.5B | ¥-25.6B | ¥-103.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-3.5B | ¥-3.4B | ¥-9.3B | ¥-12.9B | ¥-65.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥-54 | ¥-52 | ¥-140 | ¥-195 | ¥-924 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥2,424 | ¥2,114 | ¥1,880 | ¥1,726 | ¥1,294 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥17.6B | ¥-6.6B | ¥14.2B | ¥8.4B | ¥3.6B |
| D&A | ¥11.2B | ¥11.2B | ¥10.5B | ¥9.8B | ¥9.9B |
| Investing CF | ¥133M | ¥-5.0B | ¥-9.2B | ¥76.8B | ¥-14.6B |
| CapEx | ¥5.1B | ¥6.0B | ¥8.1B | ¥7.2B | ¥11.3B |
| Financing CF | ¥-9.8B | ¥13.4B | ¥-14.6B | ¥-68.7B | ¥9.4B |
| Free Cash Flow | ¥12.5B | ¥-12.6B | ¥6.2B | ¥1.1B | ¥-7.7B |
| Net Change in Cash | ¥8.7B | ¥3.6B | ¥-16.2B | ¥19.4B | ¥457M |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 9.0% | 5.9% | 7.5% | 13.0% | 0.2% |
| ROA | 4.0% | 2.6% | 3.1% | 4.7% | 0.1% |
| EPS | ¥206.22 | ¥120.15 | ¥137.09 | ¥195.23 | ¥3.11 |
| DPS | ¥40.00 | ¥30.00 | ¥27.50 | ¥25.00 | ¥20.00 |
| FCF/Share | ¥191 | ¥-190 | ¥93 | ¥17 | ¥-108 |
| NCAV/Share | ¥-54 | ¥-52 | ¥-140 | ¥-195 | ¥-924 |
| Payout Ratio | 19.4% | 25.0% | 20.1% | 12.8% | 643.1% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 10
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
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)
|
7,526 | 11.53% |
| 2 |
Stock Ownership Plan
日機装持株会
|
3,374 | 5.17% |
| 3 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
2,549 | 3.90% |
| 4 |
Mizuho Bank
株式会社みずほ銀行 (常任代理人 株式会社日本カストディ銀行)
|
2,500 | 3.83% |
| 5 |
Employee Stock Ownership Plan
日機装従業員持株会
|
2,182 | 3.34% |
| 6 |
Fukoku Mutual Life Insurance
富国生命保険相互会社 (常任代理人 株式会社日本カストディ銀行)
|
1,700 | 2.60% |
| 7 |
Nippon Life Insurance
日本生命保険相互会社 (常任代理人 日本マスタートラスト信託銀行株式会社)
|
1,650 | 2.52% |
| 8 | 株式会社三菱UFJ銀行 | 1,622 | 2.48% |
| 9 | モルガン・スタンレーMUFG証券株式会社 | 1,490 | 2.28% |
| 10 |
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)
|
1,280 | 1.96% |
as of 2025-12-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
15.4%
+0.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
2.0%
+2.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
22.2%
-1.9% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 39.6% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 9.95% | 10.81% | 11.53% +0.72% | |
| Stock Ownership Plan 日機装持株会 | 4.67% | 4.88% | 5.17% +0.29% | |
| Japan Custody Bank 日本カストディ銀行 | 3.24% | 4.13% | 3.90% -0.23% | |
| Mizuho Bank みずほ銀行 | 3.77% | 3.77% | 3.83% +0.06% | |
| Employee Stock Ownership Plan 日機装従業員持株会 | 3.19% | 3.25% | 3.34% +0.09% | |
| Fukoku Mutual Life Insurance 富国生命保険相互会社 | 2.56% | 2.56% | 2.60% +0.04% | |
| Nippon Life Insurance 日本生命保険 | 2.49% | 2.49% | 2.52% +0.03% | |
| 三菱UFJ銀行 NEW ENTRY | — | — | — | 2.48% NEW |
| Morgan Stanley NEW ENTRY | — | — | — | 2.28% NEW |
| State Street NEW ENTRY | — | — | — | 1.96% NEW |
| Mitsui Sumitomo Insurance Company, Limited 三井住友海上火災保険 last seen 2024 | Exited Top 10 | 2.97% | 2.96% | — |
| MUFG Bank 式会社三菱UFJ銀行 last seen 2024 | Exited Top 10 | 2.45% | 2.44% | — |
| Sumitomo Life Insurance 住友生命保険 last seen 2024 | Exited Top 10 | 1.79% | 1.78% | — |
| Concentration (HHI) ⓘ | 186 | 213 | 229 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥30,973M
+130% since 2023
Holdings
23
+1 new
3 exited
Trend
8 building
vs 2023
| Held Company | FY2025 ¥30,973M total | FY2023 ¥13,461M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
| 山東威高血液浄化制品股份有限公司 | 9,290 |
NEW
New
10,485,839
|
— | ||
|
TAIHEI DENGYO KAISHA,LTD.
太平電業㈱
|
2,476 |
+200.0%
↑
1,144,950
|
1,579 | 381,650 | M |
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
2,296 |
292,000
|
1,245 | 292,000 | M |
|
DAIFUKU CO.,LTD.
㈱ダイフク
|
2,232 |
453,000
|
1,254 | 453,000 | M |
|
JGC HOLDINGS CORPORATION
日揮ホールディングス㈱
|
2,047 |
1,077,602
|
1,734 | 1,077,602 | M |
|
SINFONIA TECHNOLOGY CO., LTD.
シンフォニアテクノロジー㈱
|
1,619 |
178,600
|
376 | 178,600 | M |
|
IWATANI CORPORATION
岩谷産業㈱
|
1,584 |
+300.0%
↑
961,600
|
1,547 | 240,400 | M |
|
Shin Nippon Air Technologies Co., Ltd.
新日本空調㈱
|
1,521 |
+100.0%
↑
483,800
|
543 | 241,900 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
1,219 |
489,220
|
600 | 489,220 | M |
|
SEIKA CORPORATION
西華産業㈱
|
1,129 |
+200.0%
↑
475,950
|
449 | 158,650 | M |
|
OKUMA Corporation
オークマ㈱
|
1,078 |
+100.0%
↑
297,200
|
889 | 148,600 | M |
|
TOKYO OHKA KOGYO CO., LTD.
東京応化工業㈱
|
1,034 |
+200.0%
↑
178,200
|
504 | 59,400 | M |
|
NIHON KOHDEN CORPORATION
日本光電工業㈱
|
816 |
+100.0%
↑
485,200
|
927 | 242,600 | M |
|
Inaba Denki Sangyo Co., Ltd.
因幡電機産業㈱
|
758 |
+100.0%
↑
297,600
|
498 | 148,800 | M |
|
Shizuoka Financial Group, Inc.
㈱しずおかフィナンシャルグループ
|
609 |
250,500
|
297 | 250,500 | M |
|
sun-wa technos corporation
サンワテクノス㈱
|
462 |
155,907
|
341 | 155,907 | M |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
429 |
75,356
|
182 | 75,356 | M |
|
SANSHIN ELECTRONICS CO., LTD.
三信電気㈱
|
236 |
75,400
|
163 | 75,400 | M |
|
MITSUBISHI PENCIL CO.,LTD.
三菱鉛筆㈱
|
79 |
36,400
|
73 | 36,400 | M |
|
SUIDO KIKO KAISHA,LTD
水道機工㈱
|
31 |
10,000
|
14 | 10,000 | M |
|
DKK-TOA CORPORATION
東亜ディーケーケー㈱
|
28 |
33,000
|
29 | 33,000 | M |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
|
— | — | M | ||
| ㈱北國フィナンシャルホールディングス | — | — | |||
| MS ADインシュアランスグループホールディングス㈱ | — |
−100%
Exit
—
|
152 | 27,759 | M |
| 三井住友トラストホールディングス㈱ | — |
−100%
Exit
—
|
45 | 8,891 | M |
|
TOKYO AUTOMATIC MACHINERY WORKS, LTD
㈱東京自働機械製作所
|
— |
−100%
Exit
—
|
20 | 7,700 | M |
| Portfolio total | 30,973 | 13,461 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding