6651
NITTO KOGYO CORPORATION
日東工業株式会社
Industrials · Electrical Equipment & Parts
Nitto Kogyo Corporation manufactures and sells electric and mechanical equipment worldwide. The company offers high-voltage power receiving equipment, panel boards, control and home panel boards, cubicle type unit substations, EV/PHEV charging equipment, charging stations, and fiber-optic splice boxes; plastic and metal enclosures; server racks; circuit breakers, switches, and terminal blocks; and thermal management products, as well as distribution board parts for exterior and interior mounting, machinery, wiring, voltage, and electromagnetic shielding. It also engages in power generation and sale business. In addition, the company provides information and communication related materials. Nitto Kogyo Corporation was incorporated in 1948 and is headquartered in Nagakute, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥184.7B
¥160.7B
¥146.7B
¥132.7B
Cost of Sales
¥135.3B
¥117.6B
¥109.4B
¥96.5B
Gross Profit
¥49.4B
¥43.1B
¥37.3B
¥36.2B
SG&A
¥36.0B
¥31.1B
¥29.1B
¥27.6B
Operating Income
¥13.4B
¥12.0B
¥8.2B
¥8.6B
Non-Operating Income
¥971M
¥725M
¥1.1B
¥933M
Dividend Income
¥196M
¥171M
¥95M
¥92M
Interest Income
¥86M
¥85M
¥54M
¥41M
Non-Operating Expenses
¥887M
¥126M
¥238M
¥158M
Interest Expense
¥202M
¥63M
¥16M
¥8M
Ordinary Income
¥13.5B
¥12.6B
¥9.1B
¥9.4B
Pre-tax Income
¥15.7B
¥12.2B
¥8.2B
¥9.4B
Income Taxes
¥3.7B
¥3.5B
¥2.8B
¥2.9B
Current Tax
¥4.0B
¥3.9B
¥3.1B
¥2.9B
Deferred Tax
¥-240M
¥-366M
¥-296M
¥-70M
Net Income (owners)
¥12.1B
¥8.7B
¥5.5B
¥6.6B
Minority Interest
¥-81M
¥-15M
¥-41M
¥-44M
Comprehensive Income
¥13.2B
¥12.2B
¥6.4B
¥7.3B
EBITDA
¥20.1B
¥17.0B
¥12.7B
¥13.4B
Goodwill Amort. (J-GAAP)
¥170M
¥208M
¥315M
¥487M
EPS
¥318.91
¥229.77
¥144.37
¥164.75
Shares Outstanding
38.0M
38.0M
38.0M
38.0M
Shares Issued (total)
40.5M
40.5M
40.5M
40.5M
Treasury Shares
2.4M
2.4M
2.4M
2.4M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥183.9B
¥161.7B
¥135.6B
¥124.3B
Current Assets
¥106.8B
¥90.8B
¥80.1B
¥78.4B
Cash & Deposits
¥34.0B
¥26.5B
¥21.3B
¥29.1B
Trade Receivables
¥32.7B
¥30.6B
¥28.2B
¥24.0B
Non-Current Assets
¥77.1B
¥70.9B
¥55.5B
¥45.9B
PP&E
¥61.0B
¥56.1B
¥43.4B
¥35.6B
Goodwill
¥431M
¥583M
¥399M
¥516M
Intangible Assets
¥3.2B
¥3.6B
¥3.7B
¥3.7B
Investment Securities
¥6.0B
¥5.6B
¥4.4B
¥3.1B
Deferred Tax Assets
¥541M
¥369M
¥1.0B
¥791M
Total Liabilities
¥67.4B
¥53.0B
¥34.2B
¥25.1B
Current Liabilities
¥39.9B
¥33.8B
¥24.7B
¥22.4B
Accounts Payable
—
¥15.4B
¥14.9B
¥13.4B
ST Debt
¥4.1B
¥1.9B
¥60M
¥84M
Taxes Payable
¥2.3B
¥3.0B
¥965M
¥899M
Non-Current Liabilities
¥27.5B
¥19.3B
¥9.6B
¥2.7B
Total LT Borrowings
¥24.0B
¥16.2B
¥6.1B
—
Pension Obligations
¥1.7B
¥1.5B
¥1.7B
¥1.5B
Deferred Tax Liab.
¥1.0B
¥571M
¥667M
¥638M
Total Equity
¥116.5B
¥108.7B
¥101.4B
¥99.2B
Capital Stock
¥6.6B
¥6.6B
¥6.6B
¥6.6B
Capital Surplus
¥8.8B
¥7.0B
¥7.0B
¥7.0B
Retained Earnings
¥95.4B
¥91.7B
¥87.9B
¥86.7B
Treasury Stock
¥-3.2B
¥-3.2B
¥-3.2B
¥-3.2B
AOCI
¥7.6B
¥6.4B
¥2.9B
¥2.0B
Equity (owners)
¥107.6B
¥102.1B
¥98.3B
¥97.1B
Minority Interests
¥1.4B
¥208M
¥205M
¥157M
Total Interest-Bearing Debt ⓘ
¥28.1B
¥18.1B
¥6.1B
¥84M
Net Cash ⓘ
¥6.0B
¥8.4B
¥15.1B
¥29.0B
NCAV ⓘ
¥39.5B
¥37.8B
¥45.9B
¥53.3B
NCAV/Share
¥1,037
¥993
¥1,207
¥1,401
BV/Share
¥2,828
¥2,684
¥2,584
¥2,553
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥18.6B
¥12.3B
¥3.8B
¥8.5B
Interest Paid
¥-180M
¥-54M
¥-15M
¥-8M
Interest Received
¥256M
¥292M
¥150M
¥130M
D&A
¥6.5B
¥4.9B
¥4.2B
¥4.3B
Goodwill Amort.
¥170M
¥208M
¥315M
¥487M
Investing CF
¥-12.4B
¥-14.4B
¥-13.9B
¥-5.0B
Purchase Investments
¥-366M
¥-64M
¥-1.2B
¥-7M
Financing CF
¥974M
¥6.9B
¥1.4B
¥-10.0B
Dividends Paid
¥-8.4B
¥-4.9B
¥-4.3B
¥-2.9B
Share Buybacks
¥-1M
¥-2M
¥0M
¥-4.1B
LT Debt Repaid
¥-2.1B
¥-50M
—
—
Free Cash Flow
¥18.6B
¥12.3B
¥3.8B
¥8.5B
Net Change in Cash
¥7.7B
¥5.3B
¥-8.2B
¥-6.0B
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
10.8%
8.3%
5.5%
6.7%
ROA
7.0%
5.9%
4.2%
5.3%
EPS
¥318.91
¥229.77
¥144.37
¥164.75
DPS
¥160.00
¥230.00
¥145.00
¥50.00
BPS
¥3,035.00
¥2,860.19
¥2,666.95
¥2,611.64
FCF/Share
¥490
¥324
¥99
¥223
NCAV/Share
¥1,037
¥993
¥1,207
¥1,401
Payout Ratio
50.2%
100.1%
100.4%
30.3%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 5
Date Activist Stake Event Flag Demands Source
2026-05-11
Meito Development, Ltd.
20.97%
change
Passive
—
2023-08-09
NITTO KOGYO CORPORATION Business Partners Shareholding Association Chairman of the Board Shigeyuki Funabashi
—
correction
Passive
—
2023-08-09
NITTO KOGYO CORPORATION Business Partners Shareholding Association Chairman of the Board Masaki Ichihara
5.6%
correction
Passive
—
2023-07-06
NITTO KOGYO CORPORATION Business Partners Shareholding Association Chairman of the Board Shigeyuki Funabashi
—
exit
Passive
—
2023-07-06
NITTO KOGYO CORPORATION Business Partners Shareholding Association Chairman of the Board Masaki Ichihara
5.6%
initial_5pct
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-15
15:40
Div Increase
¥3.4B ¥90.0/sh
Nittoukogyo announced a year-end dividend of ¥90 per share for FY2026 (ended March 31, 2026), representing a ¥20 increas…
Summary
Nittoukogyo announced a year-end dividend of ¥90 per share for FY2026 (ended March 31, 2026), representing a ¥20 increase from the prior forecast of ¥70 but a ¥6 decrease from prior year's ¥96. Combined with interim dividend of ¥62, annual dividend reaches ¥152 per share. The company targets a consolidated payout ratio of 50% and DOE floor of 4.0% as part of its capital allocation policy emphasizing ROE improvement.
Deadline: 2026-06-29
Source (JP)
当期の期末配当につきましては、直近の配当予想から20円増配し、1株につき90円とさせていただきます。これにより、中間配当金(1株につき62円)を加えた年間配当金は1株につき152円となります。
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 19
#
Shareholder
Shares (thou.)
% of Total
1
名東興産株式会社
6,918
18.19%
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)
4,804
12.63%
3
Business Partner Stock Ownership Plan
日東工業取引先持株会
2,432
6.39%
4
Meiji Yasuda Life Insurance
明治安田生命保険相互会社
1,586
4.17%
5
有限会社伸和興産
1,050
2.76%
6
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
962
2.53%
7
Employee Stock Ownership Plan
日東工業社員持株会
802
2.11%
8
公益財団法人日東学術振興財団
779
2.05%
9
The Bank of Nagoya, Ltd.
株式会社名古屋銀行
586
1.54%
10
有限会社横山不動産
515
1.35%
Domestic Nominees
15.2%
+2.4% 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
38.6%
+0.4% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
名東興産
18.19%
18.19%
18.19%
Japan Master Trust Bank
日本マスタートラスト信託銀行
10.13%
10.54%
12.63%
+2.09%
Business Partner Stock Ownership Plan
日東工業取引先持株会
5.99%
6.01%
6.39%
+0.38%
Meiji Yasuda Life Insurance
明治安田生命保険
4.17%
4.17%
4.17%
限会社伸和興産
2.76%
2.76%
2.76%
Japan Custody Bank
日本カストディ銀行
3.41%
2.23%
2.53%
+0.30%
Employee Stock Ownership Plan
日東工業社員持株会
2.39%
2.06%
2.11%
+0.05%
公益財団法人日東学術振興財団
2.05%
2.05%
2.05%
The Bank of Nagoya, Ltd.
式会社名古屋銀行
1.54%
1.54%
1.54%
限会社横山不動産
1.35%
1.35%
1.35%
Concentration (HHI)
ⓘ
520
521
575
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥3,591M
+24% since 2023
Holdings
19
+3 new
3 exited
Trend
3 building
vs 2023
Held Company
FY2025
¥3,591M total
FY2023
¥2,898M total
Book Val ¥M
Shares
Book Val ¥M
Shares
BANGKOK SHEET METAL PUBLIC COMPANY LTD
663
+41.3%
↑
56,533,332
663
40,000,000
Sansha Electric Manufacturing Co.,Ltd.
㈱三社電機製作所
577
667,100
633
667,100
NIKKON Holdings Co.,Ltd.
ニッコンホールディングス㈱(注)3
536
NEW
New
199,200
—
M
The Bank of Nagoya, Ltd.
㈱名古屋銀行
319
40,618
128
40,618
M
MEIKO CONSTRUCTION CO.,LTD.
名工建設㈱
299
231,440
263
231,440
M
SUZUDEN CORPORATION
スズデン㈱
283
+0.4%
↑
149,647
390
149,066
M
Sompo Holdings, Inc.
SOMPOホールディングス㈱(注)4
195
NEW
New
43,311
—
Osaki Electric Co.,Ltd.
大崎電気工業㈱
156
195,000
103
195,000
M
TSUZUKI DENKI CO., LTD.
都築電気㈱
122
54,000
84
54,000
M
Tokura Construction Co.
徳倉建設㈱
118
24,500
78
24,500
M
COMSYS Holdings Corporation
コムシスホールディングス㈱
91
28,876
70
28,876
The Ogaki Kyoritsu Bank, Ltd.
㈱大垣共立銀行
64
27,215
48
27,215
M
nichiden corporation
㈱日伝
51
+9.9%
↑
17,959
31
16,336
M
YAHAGI CONSTRUCTION CO.,LTD.
矢作建設工業㈱
40
31,900
26
31,900
M
Fujii Sangyo Co., Ltd.
藤井産業㈱
27
11,000
15
11,000
M
TANAKA CO.,LTD
田中商事㈱
22
33,000
21
33,000
M
Toyo Denki Co., Ltd.
東洋電機㈱
17
23,000
16
23,000
M
OKAYA&CO.,LTD.
岡谷鋼機㈱(注)5
8
NEW
New
1,200
—
M
CHUDENKO CORPORATION
㈱中電工
3
1,189
2
1,189
NIKKON Holdings Co.,Ltd.
ニッコンホールディングス㈱
—
−100%
Exit
—
246
99,600
M
Sompo Holdings, Inc.
SOMPOホールディングス㈱
—
−100%
Exit
—
75
14,437
OKAYA&CO.,LTD.
岡谷鋼機㈱
—
−100%
Exit
—
6
600
M
Portfolio total
3,591
2,898
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding