8013
NAIGAI CO.,LTD.
株式会社ナイガイ
Consumer Cyclical · Apparel Retail
Naigai Co.,Ltd. engages in planning, manufacture, wholesale, import, and export of textile products in Japan and internationally. It offers men's, ladies', children's socks and panty stockings, etc. The company was founded in 1920 and is headquartered in Tokyo, Japan.
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⚠ TSE Capital Mandate
P / Book
0.43×
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
¥13.4B
¥13.2B
¥13.0B
¥12.7B
¥13.5B
Cost of Sales
¥8.5B
¥8.3B
¥8.2B
¥8.7B
¥8.2B
Gross Profit
¥4.9B
¥4.9B
¥4.8B
¥4.0B
¥5.2B
SG&A
¥5.0B
¥4.8B
¥4.8B
¥5.2B
¥5.3B
Operating Income
¥-136M
¥57M
¥22M
¥-1.2B
¥-89M
Non-Operating Income
¥113M
¥121M
¥170M
¥66M
¥100M
Dividend Income
¥85M
¥64M
¥43M
¥35M
¥34M
Interest Income
¥7M
¥16M
¥4M
¥2M
¥0M
Non-Operating Expenses
¥31M
¥27M
¥22M
¥66M
¥37M
Interest Expense
¥22M
¥18M
¥13M
¥11M
¥10M
Ordinary Income
¥-54M
¥151M
¥170M
¥-1.2B
¥-26M
Pre-tax Income
¥83M
¥139M
¥142M
¥-1.5B
¥105M
Income Taxes
¥33M
¥38M
¥29M
¥26M
¥-18M
Current Tax
¥31M
¥31M
¥29M
¥24M
¥30M
Deferred Tax
¥1M
¥6M
¥0M
¥2M
¥0M
Net Income (owners)
¥50M
¥100M
¥112M
¥-1.6B
¥124M
Comprehensive Income
¥397M
¥774M
¥422M
¥-1.2B
¥266M
EBITDA
¥-87M
¥102M
¥93M
¥-1.1B
¥17M
EPS
¥6.41
¥12.33
¥13.80
¥-189.56
¥15.13
Shares Outstanding
7.8M
8.1M
8.2M
8.2M
8.2M
Shares Issued (total)
8.2M
8.2M
8.2M
8.2M
8.2M
Treasury Shares
0.4M
0.1M
0.0M
0.0M
0.0M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥12.4B
¥11.9B
¥11.2B
¥11.4B
¥11.7B
Current Assets
¥8.3B
¥8.5B
¥8.5B
¥8.7B
¥9.3B
Cash & Deposits
¥3.0B
¥3.5B
¥3.4B
¥4.0B
¥4.1B
Trade Receivables
¥2.5B
¥2.3B
¥2.2B
¥1.9B
—
Non-Current Assets
¥4.1B
¥3.3B
¥2.7B
¥2.6B
¥2.4B
PP&E
¥269M
¥205M
¥197M
¥206M
¥316M
Intangible Assets
¥5M
¥5M
¥11M
¥39M
¥101M
Investment Securities
¥3.5B
¥2.9B
¥2.3B
¥2.2B
¥1.8B
Deferred Tax Assets
¥1M
¥2M
¥2M
¥1M
¥3M
Total Liabilities
¥5.5B
¥5.3B
¥5.4B
¥5.6B
¥4.7B
Current Liabilities
¥3.7B
¥3.6B
¥3.9B
¥4.2B
¥3.5B
Accounts Payable
¥545M
¥537M
¥630M
¥425M
¥623M
ST Debt
¥1.2B
¥1.2B
¥1.2B
¥1.3B
¥1.1B
Taxes Payable
¥17M
¥19M
¥19M
¥16M
¥55M
Non-Current Liabilities
¥1.8B
¥1.7B
¥1.5B
¥1.4B
¥1.3B
Total LT Borrowings
¥385M
¥463M
¥522M
¥561M
¥300M
Pension Obligations
¥515M
¥536M
¥541M
¥585M
¥818M
Deferred Tax Liab.
¥839M
¥640M
¥336M
¥196M
¥67M
Total Equity
¥6.9B
¥6.6B
¥5.8B
¥5.8B
¥7.0B
Capital Stock
¥100M
¥100M
¥100M
¥100M
¥2.0B
Capital Surplus
¥5.3B
¥5.3B
¥5.3B
¥5.3B
¥5.3B
Retained Earnings
¥-467M
¥-517M
¥-618M
¥-319M
¥-710M
Treasury Stock
¥-107M
¥-16M
¥-10M
¥-10M
¥0M
AOCI
¥2.1B
¥1.7B
¥1.0B
¥728M
¥346M
Equity (owners)
¥4.8B
¥4.8B
¥4.8B
¥5.1B
¥6.6B
Total Interest-Bearing Debt ⓘ
¥1.6B
¥1.7B
¥1.7B
¥1.8B
¥1.4B
Net Cash ⓘ
¥1.4B
¥1.9B
¥1.7B
¥2.1B
¥2.7B
NCAV ⓘ
¥2.8B
¥3.2B
¥3.1B
¥3.1B
¥4.5B
NCAV/Share
¥360
¥395
¥377
¥384
¥550
BV/Share
¥616
¥595
¥581
¥618
¥805
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥-283M
¥-35M
¥-357M
¥-528M
¥-511M
Taxes Paid
¥-33M
¥-31M
¥-27M
¥-31M
¥28M
Interest Paid
¥-21M
¥-18M
¥-14M
¥-12M
¥-11M
Interest Received
¥93M
¥80M
¥47M
¥38M
¥35M
D&A
¥49M
¥45M
¥71M
¥120M
¥106M
Investing CF
¥-60M
¥205M
¥-107M
¥-116M
¥47M
Purchase Investments
¥-106M
—
¥-115M
¥-3M
¥-1M
Proceeds from Invest.
¥180M
¥45M
—
—
¥166M
Financing CF
¥-224M
¥-75M
¥-156M
¥384M
¥-900M
Share Buybacks
¥-100M
¥-16M
¥0M
¥-15M
¥0M
LT Debt Repaid
¥-58M
¥-39M
¥-39M
—
—
Free Cash Flow
¥-283M
¥-35M
¥-357M
¥-528M
¥-511M
Net Change in Cash
¥-556M
¥164M
¥-579M
¥-179M
¥-1.3B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
0.8%
1.6%
2.0%
-24.4%
1.8%
ROA
0.4%
0.9%
1.0%
-13.5%
1.1%
EPS
¥6.41
¥12.33
¥13.80
¥-189.56
¥15.13
BPS
¥879.06
¥805.28
¥708.21
¥706.75
¥847.48
FCF/Share
¥-36
¥-4
¥-44
¥-65
¥-62
NCAV/Share
¥360
¥395
¥377
¥384
¥550
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 13
Date Activist Stake Event Flag Demands Source
2026-03-31
Mitsutoki Shigeta
7.52%
+1.01%
change
Passive
—
2026-03-05
Tabio
11.06%
change
Passive
—
2025-12-24
Mitsutoki Shigeta
6.51%
+1.02%
change
Passive
—
2025-12-19
Tabio
11.06%
+1.26%
change
Passive
—
2025-10-10
Mitsutoki Shigeta
5.49%
-0.52%
correction
Passive
—
2025-09-24
Mitsutoki Shigeta
6.01%
-1.39%
change
Passive
—
2025-06-24
Mitsutoki Shigeta
7.4%
change
Passive
—
2024-05-08
Effissimo Capital Management Pte. Ltd.
5.97%
change
Passive
—
2023-12-22
Tabio
9.8%
correction
Passive
—
2023-12-04
Tabio
9.8%
correction
Passive
—
2023-11-08
Tabio
9.8%
initial_5pct
Passive
—
2023-10-19
Sumitomo Mitsui Trust Bank,Limited
4.65%
change
Passive
—
2023-08-22
SMBC Nikko Securities Inc.
4.45%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 15
#
Shareholder
Shares (thou.)
% of Total
1
Tabio Corporation
タビオ株式会社
918
11.74%
2
MNインターファッション株式会社
814
10.41%
3
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED-HONG KONG PRIVATE BANKING DIVISION CLIENT A/C 8028-394841 (常任代理人 香港上海銀行東京支店セキュリティーズ・サービシズ・オペレーションズ)
551
7.06%
4
Stock Ownership Plan
ナイガイ協力会社持株会
374
4.79%
5
ECM MF
ECM MF (常任代理人 立花証券株式会社)
347
4.44%
6
日本証券金融株式会社
180
2.30%
7
HMG JAPAN FUND (常任代理人 香港上海銀行東京支店セキュリティーズ・サービシズ・オペレーションズ)
139
1.77%
8
立花証券株式会社
130
1.66%
9
松井証券株式会社
69
0.88%
10
住友生命保険相互会社
64
0.82%
Domestic Nominees
0.0%
-1.6% vs 2025
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2025
Sub-custodians for foreign asset managers
Direct / Strategic
45.9%
+6.3% vs 2025
Named entities with disclosed investment intent
Shareholder
Trend
2024
2025
2026
Tabio Corporation
タビオ
9.95%
10.00%
11.74%
+1.74%
MNインターファッション
NEW ENTRY
—
—
—
10.41%
NEW
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED-HONG KONG PRIVATE BANKING DIVISION CLIENT A/C 8028-394841
NEW ENTRY
—
—
—
7.06%
NEW
Stock Ownership Plan
ナイガイ協力会社持株会
4.16%
4.54%
4.79%
+0.25%
ECM MF
4.24%
4.26%
4.44%
+0.18%
日本証券金融
NEW ENTRY
—
—
—
2.30%
NEW
HMG JAPAN FUND
NEW ENTRY
—
—
—
1.77%
NEW
立花証券
NEW ENTRY
—
—
—
1.66%
NEW
松井証券
NEW ENTRY
—
—
—
0.88%
NEW
住友生命保険
NEW ENTRY
—
—
—
0.82%
NEW
MNインターファッション
last seen 2025
Exited Top 10
9.94%
9.99%
—
THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD - SINGAPORE BRANCH PRIVATE BANKING DIVISION CLIENT A/C 8221-563114
last seen 2025
Exited Top 10
3.84%
3.85%
—
LGT BANK LTD
last seen 2025
Exited Top 10
2.46%
2.47%
—
Interactive Brokers
last seen 2025
Exited Top 10
1.91%
2.03%
—
Japan Master Trust Bank
日本マスタートラスト信託銀行
last seen 2025
Exited Top 10
3.99%
1.62%
—
Kurashiki Spinning Co., Ltd.
倉敷紡績
last seen 2025
Exited Top 10
1.26%
1.26%
—
Ciel Bleu
式会社Ciel Bleu
last seen 2025
Exited Top 10
1.16%
1.16%
—
Concentration (HHI)
ⓘ
276
269
351
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥3,471M
+71% since 2024
Holdings
15
+3 new
2 exited
Trend
2 unwinding
vs 2024
Held Company
FY2026
¥3,471M total
FY2024
¥2,032M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
1,395
+200.0%
↑
255,000
654
85,000
Isetan Mitsukoshi Holdings Ltd.
㈱三越伊勢丹ホールディングス
764
-5.4%
↓
308,982
565
326,774
Takashimaya Company,Limited
㈱髙島屋
289
+100.0%
↑
150,000
154
75,000
Tabio Corporation
タビオ㈱
234
+80.0%
↑
180,000
123
100,000
M
三井住友トラスト グループ㈱
210
NEW
New
41,200
—
J. フロント リテイリング㈱
171
76,000
104
76,000
MATSUYA CO., LTD.
㈱松屋
124
66,000
62
66,000
Itochu Corporation
伊藤忠商事㈱
98
+400.0%
↑
50,000
67
10,000
SHIMAMURA Co.,Ltd.
㈱しまむら
80
+108.1%
↑
7,795
60
3,745
Kurashiki Spinning Co., Ltd.
倉敷紡績㈱
78
-70.7%
↓
8,700
93
29,700
M
㈱セブン&アイ・ ホールディングス
15
NEW
New
6,864
—
エイチ・ツー・オー リテイリング㈱
9
4,500
7
4,500
Daiwa Co.
㈱大和
2
7,200
3
7,200
Kintetsu Department Store Co.
㈱近鉄百貨店
1
1,000
2
1,000
AEON Co.,Ltd.
イオン㈱
1
NEW
New
828
—
三井住友トラスト・ホールディングス㈱
—
−100%
Exit
—
125
41,200
Seven & i Holdings Co., Ltd.
㈱セブン&アイ・ホールディングス
—
−100%
Exit
—
13
2,288
Portfolio total
3,471
2,032
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding