9739
NSW Inc.
NSW株式会社
Information & Communication
NSW Inc. operates as an enterprise, services, embedded, and device solutions provider in Japan. It provides business solutions, such as consulting, system design, development, maintenance, and operation solutions for manufacturing, distribution, finance, insurance, and government sectors. The company also offers IT services, including servers and networks designing; secure environment development; and operating and monitoring systems, as well as IoT & AI services. In addition, it is involved in the embedded system development business, which include development of applications, middleware, and drivers for automotive and industrial sectors; and edge device solutions. Further, it develops LSI and FPGA for image processing and communication control fields. The company was formerly known as Nippon Systemware Co., Ltd. and changed its name to NSW Inc. in June 2022. NSW Inc. was incorporated in 1966 and is headquartered in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥52.4B
¥50.0B
¥50.3B
¥46.2B
¥43.5B
Cost of Sales
¥41.7B
¥39.5B
¥40.3B
¥36.8B
¥34.8B
Gross Profit
¥10.8B
¥10.5B
¥10.0B
¥9.4B
¥8.7B
SG&A
¥5.5B
¥4.4B
¥4.1B
¥4.0B
¥3.8B
Operating Income
¥5.3B
¥6.1B
¥5.9B
¥5.4B
¥4.9B
Non-Operating Income
¥246M
¥58M
¥81M
¥57M
¥108M
Interest Income
—
¥26M
¥27M
—
—
Non-Operating Expenses
—
¥6M
¥2M
¥2M
¥2M
Ordinary Income
¥5.5B
¥6.2B
¥5.9B
¥5.4B
¥5.0B
Pre-tax Income
¥5.3B
¥5.4B
¥6.1B
¥5.4B
¥5.1B
Income Taxes
¥1.6B
¥1.8B
¥1.8B
¥1.3B
¥1.6B
Current Tax
—
¥1.8B
¥1.5B
¥1.7B
¥1.7B
Deferred Tax
—
¥-38M
¥268M
¥-392M
¥-123M
Net Income (owners)
¥3.7B
¥3.7B
¥4.3B
¥4.1B
¥3.5B
Comprehensive Income
—
¥3.7B
¥4.2B
¥4.2B
¥3.5B
EBITDA
¥5.8B
¥6.6B
¥6.3B
¥5.8B
¥5.5B
Goodwill Amort. (J-GAAP)
—
¥13M
¥27M
¥29M
¥16M
EPS
¥249.00
¥245.79
¥287.77
¥274.54
¥232.89
Shares Outstanding
—
14.9M
14.9M
14.9M
14.9M
Shares Issued (total)
—
14.9M
14.9M
14.9M
14.9M
Treasury Shares
—
0.0M
0.0M
0.0M
0.0M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥49.3B
¥47.1B
¥44.1B
¥40.7B
¥36.8B
Current Assets
¥37.9B
¥36.9B
¥34.2B
¥30.7B
¥27.9B
Cash & Deposits
¥19.6B
¥19.7B
¥18.8B
¥15.4B
¥15.2B
Trade Receivables
—
¥14.2B
¥11.9B
¥12.4B
¥10.8B
Inventories
—
¥968M
¥1.3B
¥918M
¥339M
Non-Current Assets
¥11.4B
¥10.3B
¥9.9B
¥10.0B
¥8.9B
PP&E
¥6.0B
¥5.8B
¥5.7B
¥6.2B
¥6.1B
Goodwill
—
¥45M
¥58M
¥148M
¥178M
Intangible Assets
—
¥403M
¥322M
¥301M
¥263M
Investment Securities
¥2.0B
¥1.0B
¥758M
¥158M
¥59M
Deferred Tax Assets
—
¥1.5B
¥1.5B
¥1.7B
¥1.4B
Total Liabilities
¥11.4B
¥11.7B
¥11.0B
¥10.8B
¥10.3B
Current Liabilities
¥8.3B
¥8.8B
¥8.1B
¥8.0B
¥7.6B
Taxes Payable
—
¥1.2B
¥745M
¥1.0B
¥1.3B
Non-Current Liabilities
¥3.1B
¥2.9B
¥2.9B
¥2.8B
¥2.7B
Pension Obligations
—
¥2.7B
¥2.7B
¥2.6B
¥2.5B
Total Equity
¥37.9B
¥35.4B
¥33.2B
¥29.9B
¥26.5B
Capital Stock
—
¥5.5B
¥5.5B
¥5.5B
¥5.5B
Capital Surplus
—
¥86M
¥86M
¥86M
¥86M
Retained Earnings
¥32.3B
¥29.8B
¥27.6B
¥24.2B
¥20.9B
Treasury Stock
—
¥-1M
¥-1M
¥0M
¥0M
AOCI
—
¥14M
¥20M
¥118M
¥27M
Equity (owners)
¥37.8B
¥35.4B
¥33.2B
¥29.8B
¥26.5B
Net Cash ⓘ
¥19.6B
¥19.7B
¥18.8B
¥15.4B
¥15.2B
NCAV ⓘ
¥26.5B
¥25.1B
¥23.3B
¥19.9B
¥17.6B
NCAV/Share
—
¥1,686
¥1,561
¥1,335
¥1,183
BV/Share
—
¥2,376
¥2,225
¥1,997
¥1,778
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥2.8B
¥3.8B
¥5.1B
¥2.0B
¥3.7B
Interest Paid
—
—
—
—
¥0M
Interest Received
—
¥40M
¥0M
¥1M
¥1M
D&A
¥469M
¥484M
¥439M
¥414M
¥540M
Goodwill Amort.
—
¥13M
¥27M
¥29M
¥16M
Investing CF
¥-1.6B
¥6.4B
¥-8.7B
¥-1.0B
¥-344M
CapEx
¥365M
¥393M
¥290M
¥344M
¥243M
Purchase Investments
—
¥-1.0B
¥-732M
—
—
Proceeds from Invest.
—
—
¥149M
—
¥65M
Financing CF
¥-1.3B
¥-1.4B
¥-894M
¥-818M
¥-607M
Dividends Paid
—
¥-1.4B
¥-894M
¥-818M
¥-595M
Share Buybacks
—
¥0M
¥0M
—
—
Free Cash Flow
¥2.4B
¥3.5B
¥4.8B
¥1.7B
¥3.5B
Net Change in Cash
—
¥8.9B
¥-4.5B
¥175M
¥2.8B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
10.1%
10.7%
13.6%
14.5%
13.8%
ROA
7.7%
8.0%
10.1%
10.6%
9.4%
EPS
¥249.00
¥245.79
¥287.77
¥274.54
¥232.89
DPS
¥40.00
¥85.00
¥85.00
¥55.00
¥50.00
BPS
¥2,543.18
¥2,376.92
¥2,226.53
¥2,005.37
¥1,779.70
FCF/Share
—
¥232
¥320
¥111
¥234
NCAV/Share
—
¥1,686
¥1,561
¥1,335
¥1,183
Payout Ratio
16.1%
34.6%
29.5%
20.0%
21.5%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 8
Date Activist Stake Event Flag Demands Source
2026-04-30
Naoto Tada
49.14%
change
Passive
—
2025-04-04
Sumitomo Mitsui DS Asset Management Company, Limited
4.22%
-1.01%
change
Passive
—
2024-10-22
FMR LLC
10.0%
+1.08%
change
Passive
—
2024-06-21
FMR LLC
8.92%
+1.01%
change
Passive
—
2024-03-07
FMR LLC
7.91%
change
Passive
—
2023-10-19
Sumitomo Mitsui DS Asset Management Company, Limited
5.23%
change
Passive
—
2023-07-06
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
3.94%
-1.5%
change
Passive
—
2023-06-06
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
5.44%
change
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-11
11:30
Div Increase
¥1.3B ¥85.0/sh
+89%
NSW announced a significant dividend increase for fiscal year ending March 31, 2026, raising the per-share dividend from…
Summary
NSW announced a significant dividend increase for fiscal year ending March 31, 2026, raising the per-share dividend from 45 yen to 85 yen (89% increase year-over-year), with a total dividend payout of 1,266 million yen. The company established a 50% dividend payout ratio target going forward, reflecting strengthened financial performance with consolidated sales exceeding 50 billion yen for three consecutive years. Annual dividend per share reaches 125 yen when combined with the interim dividend of 40 yen.
Deadline: 2026-06-30
YoY: +89%
Source (JP)
当期の期末配当は直近の配当予想の1株当たり45円から40円増配し、1株当たり85円といたします。年間配当金につきましては、第2四半期末の40円と合わせて1株当たり125円となります。
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 2
#
Shareholder
Shares (thou.)
% of Total
1
株式会社タダ・コーポレーション
5,000
33.55%
2
多田 修人
1,537
10.31%
3
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)
1,154
7.74%
4
BNP PARIBAS LUXEMBOURG/2S/JASDEC/FIM/LUXEMBOURG FUNDS/UCITS ASSETS
BNP PARIBAS LUXEMBOURG/2S/JASDEC/FIM/LUXEMBOURG FUNDS/UCITS ASSETS(常任代理人 香港上海銀行東京支店)
525
3.52%
5
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
502
3.37%
6
STATE STREET BANK AND TRUST CLIENT OMNIBUS ACCOUNT OM02
STATE STREET BANK AND TRUST CLIENT OMNIBUS ACCOUNT OM02 505002 (常任代理人 株式会社みずほ銀行)
496
3.33%
7
HIKARI TSUSHIN,INC.
光通信株式会社
420
2.81%
8
Nomura Trust & Banking
野村信託銀行株式会社(投信口)
391
2.62%
9
多田 尚二
318
2.13%
10
多田 直樹
300
2.01%
Domestic Nominees
11.1%
+0.6% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
3.3%
+0.4% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
57.0%
+0.1% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
式会社タダ・コーポレーション
33.55%
33.55%
33.55%
多田 修人
NEW ENTRY
—
—
—
10.31%
NEW
Japan Master Trust Bank
日本マスタートラスト信託銀行
6.62%
7.02%
7.74%
+0.72%
BNP PARIBAS LUXEMBOURG/2S/JASDEC/FIM/LUXEMBOURG FUNDS/UCITS ASSETS
4.66%
4.10%
3.52%
-0.58%
Japan Custody Bank
日本カストディ銀行
7.02%
3.47%
3.37%
-0.10%
State Street
2.81%
2.92%
3.33%
+0.41%
HIKARI TSUSHIN,INC.
光通信
1.96%
2.12%
2.81%
+0.69%
Nomura Trust & Banking
野村信託銀行株式会社(投信口)
2.58%
2.59%
2.62%
+0.03%
多田 尚二
2.12%
2.13%
2.13%
多田 直樹
2.01%
2.01%
2.01%
多田修人
last seen 2024
Exited Top 10
10.31%
10.31%
—
Concentration (HHI)
ⓘ
1374
1338
1350
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥156M
Holdings
2
Held Company
FY2023
¥156M total
Book Val ¥M
Shares
巨有科技股份有限公司
141
150,000
NEC Corporation
日本電気(株)
15
3,031
Portfolio total
156
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding
· Only one fiscal year available