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NIPPO

NIPPO LTD.

Company highlights

The largest segment by revenue is Electronics, at 46.2% of the total.

Key figures

Period Apr 2025 to Mar 2026ConsolidatedJapanese GAAP

RevenueDisclosed ¥46.4B
Operating marginCalculated 4.5%
Net assets to total assetsCalculated 49.3%

Company profile

Securities code 9913 / EDINET code E02752 / Wholesale Trade / Fiscal year end March 31

名古屋市中区錦一丁目１０番１号／Capital stock ¥3,137 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Official website: http://www.nip.co.jp
Official website: gBizINFO (Ministry of Economy, Trade and Industry).

Company details
岩佐 恭知 Representative
14 Consolidated subsidiaries

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Apr 2025 to Mar 2026) · filed 2026-06-19

Profitability ★★☆☆☆position among all companies 4.5%
Growth (revenue, 4-year average) ★★★☆☆position among all companies 6.9%
Capital efficiency ★★★☆☆position among all companies 8.4%

Business activities and revenue composition

NIPPO

Revenue and profit by business segment

Period Apr 2025 to Mar 2026Source Annual securities reportsConsolidated・Disclosed

SalesProfit ElectronicsElectronics Sales 46.2% 46% Profit 48.7% 49% MobilityMobility Sales 38.0% 38% Profit 31.9% 32% Precision m…Precision medical machinery Sales 15.7% 16% Profit 19.4% 19%
BusinessNet sales to external customers Operating income
This yearShareLast year This yearShareMarginLast year
Electronics ¥21.5 billion 46.2% ¥20.8 billion ¥1.8 billion 48.7% 8.3% ¥1.5 billion
Mobility ¥17.6 billion 38.0% ¥16.7 billion ¥1.2 billion 31.9% 6.6% ¥1.2 billion
Precision medical machinery ¥7.3 billion 15.7% ¥7.4 billion ¥0.7 billion 19.4% 9.7% ¥0.4 billion
Total of the businesses ¥46.4 billion100.0% ¥3.6 billion 100.0%

Revenue and profit

NIPPO

Period Apr 2025 to Mar 2026Source Annual securities reports

Net sales and operating revenue ¥46.4B　100% Cost of sales ¥38.3B　83% Selling, general and administrative expenses ¥6.0B　13% Operating income ¥2.1B　4%
Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Directors compensations salaries and allowances ¥2.2 billion Consolidated
Other ¥1.1 billion Consolidated
Provision for bonuses ¥0.6 billion Consolidated
Legal and employee benefits expenses ¥0.5 billion Consolidated
Packing and transportation expenses ¥0.5 billion Consolidated
Depreciation ¥0.3 billion Consolidated
Rents ¥0.3 billion Consolidated
Freightage expenses ¥0.3 billion Parent only
Retirement benefit expenses ¥0.2 billion Consolidated
Traveling and transportation expenses ¥0.1 billion Consolidated
Taxes and dues ¥0.1 billion Consolidated
Vehicle expenses ¥77.00 million Consolidated
Supplies expenses ¥57.00 million Consolidated
Communication expenses ¥27.00 million Consolidated
Provision of allowance for doubtful accounts ¥0 Consolidated
Profit by stage Gross profit (loss) ¥8.1 billion Consolidated
Ordinary income ¥2.3 billion Consolidated
Operating income ¥2.1 billion Consolidated
Net income ¥1.4 billion Consolidated

NIPPO

Selling, general and administrative expenses

Period Apr 2025 to Mar 2026Source Annual securities reports

Directors compensations salaries and allowances ¥2.2 billion (36.7%)37%Other ¥1.1 billion (17.6%)18%Provision for bonuses ¥0.6 billion (9.2%)9%Legal and employee benefits expenses ¥0.5 billion (8.1%)8%Packing and transportation expenses ¥0.5 billion (8.1%)8%Depreciation ¥0.3 billion (5.6%)Other (not itemized) ¥0.9 billion (14.6%)15%¥6.0B
  • Directors compensations salaries and allowances　¥2.2 billion
  • Other　¥1.1 billion
  • Provision for bonuses　¥0.6 billion
  • Legal and employee benefits expenses　¥0.5 billion
  • Packing and transportation expenses　¥0.5 billion
  • Depreciation　¥0.3 billion
  • Other (not itemized)　¥0.9 billion

Performance, financial position and capital allocation

Finance
49.3% Net assets to total assets Industry median 50.6% FY ending 3/2026 · consolidated / calculated
3.9% Return on assets (ROA)
¥1,984.2 Net assets per share
¥-0.8 billion Free cash flow
¥36.5 billion Total assets
Capital allocation
35.7% Cash conversion Industry median 94.2% FY ending 3/2026 · consolidated / calculated
6.1% Increase in working capital ★★★★★ position among all companies FY ending 3/2026 · consolidated / calculated
91.4% Property, plant and equipment purchases relative to depreciation ★★★☆☆ position among all companies FY ending 3/2026 · consolidated / calculated
92.6% Return to shareholders ★★★★★ position among all companies FY ending 3/2026 · consolidated / calculated
-11.4% Extraordinary gains and losses relative to ordinary profit ★☆☆☆☆ position among all companies FY ending 3/2026 · consolidated / calculated
12.6% Investment securities to net assets ★★★☆☆ position among all companies FY ending 3/2026 · consolidated / calculated

Long-term changes in performance

Period 2013 to 2026Disclosed

Revenue ×1.09 from 2013 to 2026

NIPPO

Long-term revenue, profit and asset trends

Period 2013 to 2026Source Annual securities reportsDisclosed

Mark on the chart
46 31 15 -1 2013 2015 2017 2019 2021 2023 2025 2026 Net sales and operating revenue Ordinary income 2016　Ordinary income (loss) as a share of revenue -2.7 points, Ordinary income (loss) profit to loss 2018　Ordinary income (loss) loss to profit 2022　Ordinary income (loss) as a share of revenue +2.7 points 46Latest value 2026 46¥ billion 46Highest in the period shown 2026 46¥ billion 35Lowest in the period shown 2022 35¥ billion ¥ billion

NIPPO

Recent performance trends

Source Annual securities reports

46 31 15 0 4 years ago 3 years ago 2 years ago Last year This year Net sales and operating revenue Ordinary income ¥ billion

Year-on-year comparison

Period 2013 to 2026Disclosed

Item20222023202420252026
Net sales ¥35.5B ¥38.9B ¥41.9B ¥44.9B ¥46.4B
Year on year (%) -11.2% +9.6% +7.8% +7.1% +3.4%
Ordinary income (loss) ¥1.4B ¥1.9B ¥2.1B ¥2.1B ¥2.3B
Change from prior year +181.8% +31.5% +14.9% -2.1% +7.8%
Ordinary income (loss) as a share of Net sales 4.0% 4.8% 5.1% 4.7% 4.9%
Change (percentage points) +2.7 points◆ +0.8 points +0.3 points -0.4 points +0.2 points

Fiscal periods marked for changes

  • 2016Ordinary income (loss) as a share of revenue -2.7 points, Ordinary income (loss) profit to loss
  • 2018Ordinary income (loss) loss to profit
  • 2022Ordinary income (loss) as a share of revenue +2.7 points

NIPPO

Earnings and net assets per share over time

Unit yenSource Annual securities reports

163 109 54 0 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 1,984 1,323 661 0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen

NIPPO

Return on equity over time

Unit %Source Annual securities reports

11 7 4 0 4 years ago 3 years ago 2 years ago Last year This year Return on equity (ROE, %)
Consolidated indicators (14 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥35.5 billion ¥38.9 billion ¥41.9 billion ¥44.9 billion ¥46.4 billion
Ordinary income (loss) ¥1.4 billion ¥1.9 billion ¥2.1 billion ¥2.1 billion ¥2.3 billion
Net income (loss) attributable to owners of parent ¥1.0 billion ¥1.3 billion ¥1.5 billion ¥1.4 billion ¥1.4 billion
Comprehensive income ¥1.5 billion ¥2.5 billion ¥2.5 billion ¥2.4 billion ¥2.1 billion
Net assets ¥10.4 billion ¥12.5 billion ¥14.8 billion ¥16.5 billion ¥18.0 billion
Total assets ¥26.1 billion ¥28.7 billion ¥30.8 billion ¥32.5 billion ¥36.5 billion
Net assets per share 1,137.83 yen 1,405.26 yen 1,648.02 yen 1,831.84 yen 1,984.2 yen
Basic earnings (loss) per share 113.22 yen 141.12 yen 162.8 yen 155.15 yen 159.32 yen
Equity-to-asset ratio 39.7% 43.7% 48.1% 50.9% 49.3%
Return on equity 10.7% 11.1% 10.7% 8.9% 8.4%
Net cash provided by (used in) operating activities ¥2.2 billion ¥3.0 billion ¥3.7 billion ¥2.8 billion ¥0.7 billion
Net cash provided by (used in) investing activities ¥-0.3 billion ¥-1.6 billion ¥-1.6 billion ¥-1.7 billion ¥-1.5 billion
Net cash provided by (used in) financing activities ¥-0.3 billion ¥-1.4 billion ¥-1.6 billion ¥-1.1 billion ¥1.1 billion
Cash and cash equivalents ¥4.6 billion ¥4.9 billion ¥5.7 billion ¥6.2 billion ¥6.7 billion
Parent only indicators (13 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥19.3 billion ¥19.3 billion ¥21.8 billion ¥22.8 billion ¥24.4 billion
Ordinary income (loss) ¥0.3 billion ¥0.7 billion ¥1.8 billion ¥1.3 billion ¥1.4 billion
Net income (loss) ¥0.2 billion ¥0.5 billion ¥1.6 billion ¥1.4 billion ¥1.1 billion
Capital stock ¥3.1 billion ¥3.1 billion ¥3.1 billion ¥3.1 billion ¥3.1 billion
Total number of issued shares (common stock) 9,127,338 shares 9,127,338 shares 9,127,338 shares 9,127,338 shares 9,127,338 shares
Net assets ¥5.0 billion ¥5.3 billion ¥6.9 billion ¥7.4 billion ¥8.1 billion
Total assets ¥18.1 billion ¥16.5 billion ¥17.6 billion ¥17.8 billion ¥20.8 billion
Net assets per share 550.13 yen 595.78 yen 767.97 yen 820.49 yen 892.64 yen
Dividend per share 22 yen 33 yen 74 yen 76 yen 154 yen
Basic earnings (loss) per share 26.36 yen 58.76 yen 176.99 yen 160.78 yen 123.15 yen
Equity-to-asset ratio 27.7% 32.3% 39.1% 41.5% 39.0%
Return on equity 4.9% 10.2% 26.0% 20.3% 14.4%
Payout ratio 83.5% 56.2% 41.8% 47.3% 125.0%

Dividend history

Source: reporting company’s key figures, annual securities reports · 11 years (2013 to 2026)Parent-onlyDisclosed

5 periods Consecutive increases (own definition) through FY ending 3/2026
7 periods Consecutive periods with dividends (site definition) through FY ending 3/2026
+102.6% Dividend growth (year on year)
+72.8% Dividend growth (5-year annual rate)
Fiscal yearAnnual dividend per share Of which interimPayout ratio (as reported, parent only) Flag
FY ending 3/2026 ¥154 Could not be retrieved 125.0%
FY ending 3/2025 ¥76 Could not be retrieved 47.3%
FY ending 3/2024 ¥74 Could not be retrieved 41.8%
FY ending 3/2023 ¥33 Could not be retrieved 56.2%
FY ending 3/2022 ¥22 Could not be retrieved 83.5%
FY ending 3/2021 ¥10 Could not be retrieved 24.9%
FY ending 3/2020 ¥10 Could not be retrieved 24.0%
FY 2019 Could not be retrieved Could not be retrieved Could not be retrieved
FY ending 3/2018 ¥4 Could not be retrieved 7.0%
FY 2017 Could not be retrieved Could not be retrieved Could not be retrieved
FY 2016 Could not be retrieved Could not be retrieved Could not be retrieved
FY ending 3/2015 ¥15 Could not be retrieved 75.9%
FY ending 3/2014 ¥15 Could not be retrieved Could not be retrieved
FY ending 3/2013 ¥15 Could not be retrieved 73.7%

NIPPO

Dividends per share over time

Unit yenSource Annual securities reports

154 103 51 0 4 years ago 3 years ago 2 years ago Last year This year Dividend per share yen

Shareholder composition

As of 2026-03-31Disclosed

Share ownership by holder category

1,447 Shareholders
27.58% Foreign holders (total) Industry median 4.70%
35.62% Individuals and others Industry median 48.66%

NIPPO

Unit %Source Annual securities reports

  • Financial institutions8.57%
  • Securities firms0.50%
  • Other corporations27.73%
  • Foreign holders (institutions)27.58%
  • Foreign holders (individuals)0.00%
  • Individuals and others35.62%

Major shareholders

RankShareholderShareholding ratioShares held
1 フリージア・マクロス株式会社 19.73% 1,796,000
2 BRIDGESTREAM LIMITED, AS TRUSTEE OFAXC STRATEGIC OPPORTUNITIES (常任代理人立花証券株式会社) 12.4% 1,129,000
3 BBH FOR FIDELITY LOW-PRICED STOCK FUND(常任代理人株式会社三菱ＵＦＪ銀行) 6.64% 605,000
4 日邦産業社員持株会 6.07% 553,000
5 Bridgestream Limited, as Trustee ofAXC Strategic Opportunities(常任代理人 立花証券株式会社) 5.68% 517,000
6 株式会社フジミインコーポレーテッド 3.71% 337,000
7 株式会社三井住友銀行 3.01% 274,000
8 田中 喜佐夫 2.53% 230,000
9 株式会社三菱ＵＦＪ銀行 2.38% 216,000
10 田中 善慶 2.0% 182,000

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 6 years (2016 to 2026)Disclosed

¥0.2 billion Research and development 0.5% of revenue (industry median 0.1%)
¥2.0 billion Capital expenditure 4.3% of revenue (industry median 1.1%)
Fiscal year Research and development Capital expenditure
FY ending 3/2026 ¥0.2 billion ¥2.0 billion
FY ending 3/2025 ¥93.00 million Could not be retrieved
FY ending 3/2021 ¥2.00 million ¥1.1 billion
FY ending 3/2020 ¥2.00 million Could not be retrieved
FY ending 3/2017 ¥46.20 million Could not be retrieved
FY ending 3/2016 ¥51.92 million Could not be retrieved

Research and development expenses and capital expenditure by segment (FY ending 3/2026)

Segment Research and development Capital expenditure
Electronics ¥7.00 million ¥0.4 billion
Mobility ¥5.00 million ¥1.0 billion
Precision medical machinery Could not be retrieved ¥0.3 billion

Revenue scale in the same industry

NIPPO

Source Annual securities reports of each company

Wholesale Trade: 330 companies · revenue · largest first・each company’s latest fiscal year・consolidated (parent-only where no consolidated figures)・Disclosed

Workforce information

Source: Annual Securities Report (Apr 2025 to Mar 2026)Parent-onlyDisclosed

334 Employees (parent only) Industry median 228
38.1 Average age Industry median 42.3
11.3 years Average length of service Industry median 13.8 years
¥5.70 million Average annual salary Industry median ¥6.79 million
People and organisation
16.8¥ million Sales per employee Industry median 101.7¥ million FY ending 3/2026 · consolidated / calculated
¥0.75 million Operating income per employee
61.4% Wage gap between men and women
4.2% Women in managerial positions
66.7% Men taking childcare leave
Men 229
Women 105 Employees by gender
429 Average temporary staff

Administrative filings and published information

Workplace information filings

Filed 2026-07-23Disclosed

ItemValue
Employees 319
Annual paid leave taken
Scope: その他		 84.3%
Childcare leave taken, men
Scope: その他		 66.7%
Childcare leave taken, women
Scope: その他		 100%
Share of managers who are women 4.2%
Share of board members who are women 18.2%

Audit and disclosure information

Annual securities report, year ended 2026-03-31Disclosed

ItemValue
Audit firm 有限責任あずさ監査法人
Audit fees (this year, total) ¥40.00 million
Non-audit fees (this year, total) Not applicable
Audit fees (this year, network firms) ¥17.00 million
Non-audit fees (this year, network firms) ¥6.00 million
Going concern note Cannot be determined
Accounting standard Japanese GAAP

See the book series →

Sources and methodology

Retrieved disclosed figures

Accounts and values from the annual securities report, by section

Major management indicators (5 years) (27 items)

ItemValueConsolidated / Non-consolidated
Comprehensive income ¥2.1 billion Consolidated
Net cash provided by (used in) operating activities ¥0.7 billion Consolidated
Net sales ¥46.4 billion Consolidated
Net cash provided by (used in) investing activities ¥-1.5 billion Consolidated
Cash and cash equivalents ¥6.7 billion Consolidated
Net assets ¥18.0 billion Consolidated
Ordinary income (loss) ¥2.3 billion Consolidated
Total assets ¥36.5 billion Consolidated
Return on equity 8.4% Consolidated
Equity-to-asset ratio 49.3% Consolidated
Net income (loss) attributable to owners of parent ¥1.4 billion Consolidated
Net cash provided by (used in) financing activities ¥1.1 billion Consolidated
Basic earnings (loss) per share 159.32 yen Consolidated
Net assets per share 1,984.2 yen Consolidated
Dividend per share 154 yen Parent only
Net sales ¥24.4 billion Parent only
Net income (loss) ¥1.1 billion Parent only
Total number of issued shares (common stock) 9,127,338 shares Parent only
Net assets ¥8.1 billion Parent only
Ordinary income (loss) ¥1.4 billion Parent only
Total assets ¥20.8 billion Parent only
Return on equity 14.4% Parent only
Equity-to-asset ratio 39.0% Parent only
Capital stock ¥3.1 billion Parent only
Payout ratio 125.0% Parent only
Basic earnings (loss) per share 123.15 yen Parent only
Net assets per share 892.64 yen Parent only

Employees (10 items)

ItemValueConsolidated / Non-consolidated
Number of employees 2,765 people Consolidated
Number of employees 2,765 people Consolidated
Wage gap between men and women (all employees) 61.4% Parent only
Average length of service (years) 11.3 years Parent only
Average annual salary ¥5.70 million Parent only
Average age (years) 38.1 years old Parent only
Number of employees 334 people Parent only
Number of employees 334 people Parent only
Number of employees 334 people Parent only
Wage gap between men and women (regular employees) 69.2% Parent only

Other disclosed items (13 items)

ItemValueConsolidated / Non-consolidated
Net sales to external customers ¥46.4 billion Consolidated
Average number of temporary employees 429 people Consolidated
Average number of temporary employees 429 people Consolidated
Number of associates accounted for using equity method 0 companies Consolidated
Increase in property plant and equipment and intangible assets ¥2.0 billion Consolidated
Depreciation ¥1.6 billion Consolidated
Number of consolidated subsidiaries 14 companies Consolidated
Rate of male employees taking childcare leave (all employees) 66.7% Parent only
Average number of temporary employees 81 people Parent only
Average number of temporary employees 81 people Parent only
Average number of temporary employees 81 people Parent only
Total return on the share price index 202.2% Parent only
Ratio of female employees in managerial positions 4.2% Parent only

Shares (14 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 5,842,000 shares Consolidated
Total number of shares held treasury shares etc 19,500 shares Consolidated
Number of issues whose number of shares decreased shares not listed investment shares held for purposes other than pure investment reporting company 1 issues Consolidated
Total sale amount for decreased shares shares not listed investment shares held for purposes other than pure investment reporting company ¥0 Consolidated
Number of shares 9,127,338 shares Consolidated
Shareholding ratio treasury shares etc 0.2% Consolidated
Shareholding ratio 64.1% Consolidated
Number of shares held in own name treasury shares etc 19,500 shares Consolidated
Number of voting rights 91,020 units Consolidated
Carrying amount on the balance sheet ¥1.6 billion Consolidated
Carrying amount on the balance sheet ¥0.7 billion Consolidated
Number of issues 5 issues Consolidated
Number of issues 7 issues Consolidated
Total shareholder return 623.2% Parent only

Research and development (2 items)

ItemValueConsolidated / Non-consolidated
Research and development expenses included in general and administrative expenses and manufacturing cost for current period ¥0.2 billion Consolidated
Research and development expenses ¥0.2 billion Consolidated

Property and facilities (1 items)

ItemValueConsolidated / Non-consolidated
Capital expenditures ¥2.0 billion Consolidated

Audit (6 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥40.00 million Consolidated
Fees for audit and attestation services - total ¥17.00 million Consolidated
Fees for audit and attestation services - total ¥40.00 million Consolidated
Fees for audit and attestation services - consolidated subsidiaries ¥17.00 million Consolidated
Fees for non-audit services - total ¥6.00 million Consolidated
Non audit fees consolidated subsidiaries network firms ¥6.00 million Consolidated

Accounts unique to this company (5 items)

ItemValueConsolidated / Non-consolidated
Revenue ¥0.1 billion Consolidated
Revenue ¥20.00 million Consolidated
Change in average annual salary from the previous year 1.8% Parent only
Revenue 0.606 Parent only
Revenue 1.069 Parent only

Balance sheet (131 items)

ItemValueConsolidated / Non-consolidated
Other ¥13.00 million Consolidated
Other ¥1.3 billion Consolidated
Other ¥2.0 billion Consolidated
Other ¥0.4 billion Consolidated
Other ¥0.4 billion Consolidated
Valuation difference on available-for-sale securities ¥0.4 billion Consolidated
Lease obligations ¥0.4 billion Consolidated
Lease obligations ¥0.1 billion Consolidated
Work in process ¥0.4 billion Consolidated
Deferred tax liabilities for land revaluation ¥2.00 million Consolidated
Retained earnings ¥9.6 billion Consolidated
Raw materials and supplies ¥1.1 billion Consolidated
Notes and accounts receivable trade ¥8.2 billion Consolidated
Merchandise and finished goods ¥1.5 billion Consolidated
Non-current liabilities ¥3.6 billion Consolidated
Non-current assets ¥14.2 billion Consolidated
Land ¥2.2 billion Consolidated
Revaluation reserve for land ¥5.00 million Consolidated
Tools, furniture and fixtures ¥2.2 billion Consolidated
Tools, furniture and fixtures ¥0.5 billion Consolidated
Buildings and structures ¥12.9 billion Consolidated
Buildings and structures, net ¥3.9 billion Consolidated
Construction in progress ¥0.5 billion Consolidated
Investments and other assets ¥4.0 billion Consolidated
Investment securities ¥2.3 billion Consolidated
Notes and accounts payable - trade ¥7.9 billion Consolidated
Property, plant and equipment ¥9.8 billion Consolidated
Accounts receivable - other ¥0.3 billion Consolidated
Income taxes payable ¥0.2 billion Consolidated
Shareholders' equity ¥13.3 billion Consolidated
Machinery, equipment and vehicles ¥15.8 billion Consolidated
Machinery, equipment and vehicles, net ¥2.7 billion Consolidated
Current liabilities ¥14.9 billion Consolidated
Current assets ¥22.4 billion Consolidated
Accumulated depreciation ¥-1.7 billion Consolidated
Accumulated depreciation ¥-8.9 billion Consolidated
Accumulated depreciation ¥-13.0 billion Consolidated
Foreign currency translation adjustment ¥4.4 billion Consolidated
Intangible assets ¥0.4 billion Consolidated
Cash and cash equivalents ¥6.7 billion Consolidated
Cash and deposits ¥6.7 billion Consolidated
Short-term loans payable ¥3.8 billion Consolidated
Net assets ¥18.0 billion Consolidated
Net assets ¥18.0 billion Consolidated
Total assets ¥36.5 billion Consolidated
Total assets ¥36.5 billion Consolidated
Deferred tax liabilities ¥57.00 million Consolidated
Deferred tax assets ¥0.4 billion Consolidated
Treasury stock ¥-40.00 million Consolidated
Valuation and translation adjustments ¥4.7 billion Consolidated
Liabilities ¥18.5 billion Consolidated
Liabilities and net assets ¥36.5 billion Consolidated
Allowance for doubtful accounts ¥-10.00 million Consolidated
Allowance for doubtful accounts ¥-3.00 million Consolidated
Capital surplus ¥0.6 billion Consolidated
Capital stock ¥3.1 billion Consolidated
Asset retirement obligations ¥0.3 billion Consolidated
Provision for bonuses ¥0.5 billion Consolidated
Remeasurements of defined benefit plans ¥-0.1 billion Consolidated
Net defined benefit liability ¥2.2 billion Consolidated
Net defined benefit asset ¥28.00 million Consolidated
Long-term loans payable ¥0.5 billion Consolidated
Long term accounts payable installment purchase ¥0.2 billion Consolidated
Electronically recorded monetary claims - operating ¥3.6 billion Consolidated
Non-controlling interests ¥1.00 million Consolidated
Current portion of long-term loans payable ¥0.3 billion Consolidated
Other ¥0.1 billion Parent only
Other ¥1.1 billion Parent only
Other ¥0.5 billion Parent only
Other ¥18.00 million Parent only
Other ¥50.00 million Parent only
Other retained earnings ¥3.6 billion Parent only
Valuation difference on available-for-sale securities ¥0.4 billion Parent only
Software ¥0.2 billion Parent only
Lease obligations ¥53.00 million Parent only
Lease obligations ¥26.00 million Parent only
Work in process ¥85.00 million Parent only
Deferred tax liabilities for land revaluation ¥2.00 million Parent only
Investments in capital ¥0 Parent only
Retained earnings ¥3.6 billion Parent only
Prepaid pension cost ¥22.00 million Parent only
Prepaid expenses ¥64.00 million Parent only
Raw materials and supplies ¥0.1 billion Parent only
Merchandise and finished goods ¥1.2 billion Parent only
Non-current liabilities ¥1.7 billion Parent only
Non-current assets ¥10.3 billion Parent only
Land ¥0.5 billion Parent only
Revaluation reserve for land ¥5.00 million Parent only
Accounts receivable - trade ¥4.5 billion Parent only
Tools, furniture and fixtures ¥0.3 billion Parent only
Buildings, net ¥1.0 billion Parent only
Construction in progress ¥0.2 billion Parent only
Long term loans receivable from employees ¥2.00 million Parent only
Investments and other assets ¥7.4 billion Parent only
Investment securities ¥2.3 billion Parent only
Property, plant and equipment ¥2.7 billion Parent only
Accounts receivable - other ¥0.2 billion Parent only
Income taxes payable ¥38.00 million Parent only
Accrued expenses ¥0.3 billion Parent only
Accounts payable - other ¥0.5 billion Parent only
Shareholders' equity ¥7.7 billion Parent only
Structures, net ¥5.00 million Parent only
Machinery and equipment, net ¥0.6 billion Parent only
Current liabilities ¥10.9 billion Parent only
Current assets ¥10.4 billion Parent only
Intangible assets ¥0.3 billion Parent only
Cash and deposits ¥0.9 billion Parent only
Short-term loans payable ¥3.8 billion Parent only
Net assets ¥8.1 billion Parent only
Net assets ¥8.1 billion Parent only
Total assets ¥20.8 billion Parent only
Deferred tax assets ¥0.8 billion Parent only
Retained earnings brought forward ¥3.6 billion Parent only
Treasury stock ¥-40.00 million Parent only
Valuation and translation adjustments ¥0.4 billion Parent only
Liabilities ¥12.7 billion Parent only
Liabilities and net assets ¥20.8 billion Parent only
Accounts payable - trade ¥5.2 billion Parent only
Allowance for doubtful accounts ¥-1.1 billion Parent only
Capital surplus ¥1.0 billion Parent only
Legal capital surplus ¥1.0 billion Parent only
Capital stock ¥3.1 billion Parent only
Asset retirement obligations ¥36.00 million Parent only
Provision for bonuses ¥0.3 billion Parent only
Provision for retirement benefits ¥1.0 billion Parent only
Long-term loans payable ¥0.5 billion Parent only
Shares of subsidiaries and associates ¥2.9 billion Parent only
Loans receivable to subsidiaries and affiliates ¥16.00 million Parent only
Long-term loans receivable from subsidiaries and affiliates ¥1.4 billion Parent only
Electronically recorded monetary claims - operating ¥3.4 billion Parent only
Current portion of long-term loans payable ¥0.3 billion Parent only

Statement of income (101 items)

ItemValueConsolidated / Non-consolidated
Other ¥69.00 million Consolidated
Other ¥18.00 million Consolidated
Other ¥1.1 billion Consolidated
Other comprehensive income ¥0.7 billion Consolidated
Valuation difference on available for sale securities net of tax ¥0.2 billion Consolidated
Gain on sales of scrap ¥0.1 billion Consolidated
Traveling and transportation expenses ¥0.1 billion Consolidated
Dividends from surplus ¥-0.7 billion Consolidated
Comprehensive income ¥2.1 billion Consolidated
Interest income ¥37.00 million Consolidated
Dividend income ¥64.00 million Consolidated
Operating income ¥2.1 billion Consolidated
Operating income ¥2.1 billion Consolidated
Non-operating income ¥0.3 billion Consolidated
Non-operating expenses ¥0.1 billion Consolidated
Net cash provided by (used in) operating activities ¥0.7 billion Consolidated
Loss on disposal of noncurrent assets ¥11.00 million Consolidated
Gain on sales of non-current assets ¥21.00 million Consolidated
Rents ¥0.3 billion Consolidated
Cost of sales ¥38.3 billion Consolidated
Gross profit (loss) ¥8.1 billion Consolidated
Net sales ¥46.4 billion Consolidated
Net sales ¥46.4 billion Consolidated
Net income ¥1.4 billion Consolidated
Net income ¥1.4 billion Consolidated
Net income (loss) ¥1.4 billion Consolidated
Net income (loss) ¥1.4 billion Consolidated
Directors compensations salaries and allowances ¥2.2 billion Consolidated
Gain on sales of investment securities ¥0 Consolidated
Loss on valuation of investment securities ¥0.2 billion Consolidated
Net cash provided by (used in) investing activities ¥-1.5 billion Consolidated
Interest expenses ¥68.00 million Consolidated
Commission fees ¥20.00 million Consolidated
Income taxes - current ¥0.5 billion Consolidated
Income taxes ¥0.6 billion Consolidated
Income taxes - deferred ¥63.00 million Consolidated
Legal and employee benefits expenses ¥0.5 billion Consolidated
Supplies expenses ¥57.00 million Consolidated
Depreciation ¥0.3 billion Consolidated
Impairment loss ¥20.00 million Consolidated
Foreign exchange gains ¥56.00 million Consolidated
Foreign currency translation adjustment net of tax ¥0.4 billion Consolidated
Extraordinary income ¥22.00 million Consolidated
Extraordinary loss ¥0.3 billion Consolidated
Effect of exchange rate change on cash and cash equivalents ¥0.2 billion Consolidated
Net increase (decrease) in cash and cash equivalents ¥0.5 billion Consolidated
Taxes and dues ¥0.1 billion Consolidated
Income (loss) before income taxes ¥2.0 billion Consolidated
Income (loss) before income taxes ¥2.0 billion Consolidated
Ordinary income ¥2.3 billion Consolidated
Disposal of treasury stock ¥29.00 million Consolidated
Purchase of treasury stock ¥-0 Consolidated
Packing and transportation expenses ¥0.5 billion Consolidated
Comprehensive income attributable to owners of parent ¥2.1 billion Consolidated
Net cash provided by (used in) financing activities ¥1.1 billion Consolidated
Selling, general and administrative expenses ¥6.0 billion Consolidated
Provision of allowance for doubtful accounts ¥0 Consolidated
Provision for bonuses ¥0.6 billion Consolidated
Vehicle expenses ¥77.00 million Consolidated
Remeasurements of defined benefit plans net of tax ¥-0 Consolidated
Retirement benefit expenses ¥0.2 billion Consolidated
Communication expenses ¥27.00 million Consolidated
Loss on sales of electronically recorded monetary claims ¥29.00 million Consolidated
Comprehensive income attributable to non-controlling interests ¥0 Consolidated
Net income (loss) attributable to non-controlling interests ¥0 Consolidated
Other ¥32.00 million Parent only
Other ¥4.00 million Parent only
Dividends from surplus ¥-0.7 billion Parent only
Interest and dividend income ¥1.2 billion Parent only
Operating income ¥0.3 billion Parent only
Non-operating income ¥1.2 billion Parent only
Non-operating expenses ¥0.1 billion Parent only
Loss on disposal of noncurrent assets ¥8.00 million Parent only
Gain on sales of non-current assets ¥8.00 million Parent only
Cost of sales ¥20.7 billion Parent only
Gross profit (loss) ¥3.7 billion Parent only
Net sales ¥24.4 billion Parent only
Net income (loss) ¥1.1 billion Parent only
Net income (loss) ¥1.1 billion Parent only
Directors compensations salaries and allowances ¥1.2 billion Parent only
Gain on sales of investment securities ¥0 Parent only
Loss on valuation of investment securities ¥0.2 billion Parent only
Interest expenses ¥50.00 million Parent only
Commission fees ¥20.00 million Parent only
Income taxes - current ¥0.2 billion Parent only
Income taxes ¥39.00 million Parent only
Income taxes - deferred ¥-0.1 billion Parent only
Depreciation ¥0.1 billion Parent only
Foreign exchange gains ¥5.00 million Parent only
Extraordinary income ¥8.00 million Parent only
Extraordinary loss ¥0.3 billion Parent only
Income (loss) before income taxes ¥1.2 billion Parent only
Ordinary income ¥1.4 billion Parent only
Disposal of treasury stock ¥29.00 million Parent only
Purchase of treasury stock ¥-0 Parent only
Selling, general and administrative expenses ¥3.4 billion Parent only
Provision of allowance for doubtful accounts ¥27.00 million Parent only
Provision for bonuses ¥0.4 billion Parent only
Retirement benefit expenses ¥89.00 million Parent only
Freightage expenses ¥0.3 billion Parent only
Loss on sales of electronically recorded monetary claims ¥29.00 million Parent only

Statement of changes in equity (4 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥1.5 billion Consolidated
Net changes in items other than shareholders' equity ¥0.7 billion Consolidated
Total changes during the period ¥0.7 billion Parent only
Net changes in items other than shareholders' equity ¥0.2 billion Parent only

Statement of cash flows (37 items)

ItemValueConsolidated / Non-consolidated
Other ¥0.2 billion Consolidated
Other ¥-20.00 million Consolidated
Other proceeds ¥23.00 million Consolidated
Other payments ¥-81.00 million Consolidated
Increase (decrease) in other current liabilities ¥0.1 billion Consolidated
Decrease (increase) in other current assets ¥27.00 million Consolidated
Repayments of lease obligations ¥-0.2 billion Consolidated
Increase decrease in notes and accounts payable trade ¥-0.2 billion Consolidated
Interest expenses paid ¥-78.00 million Consolidated
Interest and dividends income received ¥0.1 billion Consolidated
Repayments of installment payables ¥-0.2 billion Consolidated
Interest and dividend income ¥-0.1 billion Consolidated
Loss (gain) on disposal of non-current assets ¥-10.00 million Consolidated
Decrease increase in notes and accounts receivable trade ¥-3.1 billion Consolidated
Proceeds from withdrawal of time deposits ¥0.2 billion Consolidated
Payments into time deposits ¥-0.1 billion Consolidated
Subtotal ¥1.3 billion Consolidated
Proceeds from sales of investment securities ¥0 Consolidated
Loss (gain) on sales of long-term investment securities ¥-0 Consolidated
Valuation gains (losses) on investment securities ¥0.2 billion Consolidated
Interest expenses ¥68.00 million Consolidated
Commission fees ¥20.00 million Consolidated
Purchase of property plant and equipment ¥-1.5 billion Consolidated
Proceeds from sales of property plant and equipment ¥19.00 million Consolidated
Decrease (increase) in inventories ¥0.2 billion Consolidated
Income taxes paid ¥-0.6 billion Consolidated
Depreciation ¥1.6 billion Consolidated
Impairment loss ¥20.00 million Consolidated
Purchase of intangible assets ¥-52.00 million Consolidated
Proceeds from sale of intangible assets ¥12.00 million Consolidated
Decrease/increase in short-term loans payable ¥2.5 billion Consolidated
Regarding purchase of treasury stock ¥-0 Consolidated
Proceeds from sales of treasury stock ¥29.00 million Consolidated
Increase (decrease) in allowance for doubtful accounts ¥-1.00 million Consolidated
Increase (decrease) in net defined benefit liability ¥85.00 million Consolidated
Dividends ¥-0.7 billion Consolidated
Repayment of long term loans payable ¥-0.4 billion Consolidated
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥0.7 billion ConsolidatedDisclosed
Dividend per share 154 Parent onlyDisclosed
Number of employees 2,765 ConsolidatedDisclosed
Net assets ¥18.0 billion ConsolidatedDisclosed
Net sales ¥46.4 billion ConsolidatedDisclosed
Operating income ¥2.1 billion ConsolidatedDisclosed
Ordinary income ¥2.3 billion ConsolidatedDisclosed
Net income ¥1.4 billion ConsolidatedDisclosed
Total assets ¥36.5 billion ConsolidatedDisclosed
Operating margin 4.5%ConsolidatedCalculated
Net margin 3.1%ConsolidatedCalculated
Sales per employee 16782278 yenConsolidatedCalculated
Total asset turnover 1.27 timesConsolidatedCalculated
Net assets to total assets 49.3%ConsolidatedCalculated
How to read the figures, and caveats

Terms

  • Consolidated: the parent company together with the subsidiaries it consolidates
  • Parent-only: the single company that filed the annual securities report
  • Calculated: a disclosed figure put through the formula shown
  • Not disclosed: no such value in the filing (not treated as zero)
  • Not retrieved: a value this page could not extract, including values in the filing that could not be matched. The same item may appear in another table
  • Segment: a business division the company uses in its disclosures
  • Industry median: the middle value among companies in the same industry that disclose the item
  • ★: position when every company is lined up by value (not a judgement of the company)See the formulas
  • Source: document name, period covered, filing date and where it was obtained
  • Tables scroll sideways

Key figures

  • Operating margin 4.5%　Operating income ÷ net sales 　＝ ¥2.1 billion ÷ ¥46.4 billion
    Operating income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Net margin 3.1%　Net income ÷ net sales 　＝ ¥1.4 billion ÷ ¥46.4 billion
    Net income ÷ net sales. The denominator is Net sales (Consolidated, Japanese GAAP).
  • Sales per employee 16,782,278 yen　Sales or operating revenue ÷ employees 　＝ ¥46.4 billion ÷ 2,765 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
  • Total asset turnover 1.27 times　Sales or operating revenue ÷ total assets 　＝ ¥46.4 billion ÷ ¥36.5 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).
  • Net assets to total assets 49.3%　Net assets ÷ total assets 　＝ ¥18.0 billion ÷ ¥36.5 billion
    Net assets ÷ total assets. The denominator is Total assets (Consolidated, Japanese GAAP).

Company details

  • Representative　President, Representative Director, gBizINFO
  • Consolidated subsidiaries　Annual Securities Report

Revenue and profit by business segment

  • Source: segment information, Annual Securities Report (Apr 2025 to Mar 2026) · Consolidated · Net sales to external customers · filed 2026-06-19
  • Share: against the total of Net sales to external customers disclosed by business (100%). Adjustments, corporate, eliminations and “other” left out as they are not businesses (so no match with company-wide Net sales to external customers). Margin: calculated against the Net sales to external customers on the same row“報告セグメント計” in the segment information of the annual securities report: ¥46.4 billion. Gap against this table’s total (the part not listed as a business, such as “other”) within 1%The account may differ from “Revenue” at the top of this page

Amounts by account

  • Totals and their component lines together; consolidated and parent-only figures mixed (right-hand column)

Selling, general and administrative expenses

  • Breakdown of selling, general and administrative expenses (costs of selling and running the company). Cost of sales not included
  • Each item: already inside the SG&A total (not added to it)

Finance

  • Net assets to total assets　Net assets ÷ total assets
  • Return on assets (ROA)　Net income ÷ total assets (consolidated)
  • Net assets per share　Consolidated
  • Free cash flow　Free cash flow: operating cash flow (cash generated by the business) plus investing cash flow (asset purchases, disposals and other investments), consolidated
  • Total assets　Consolidated

Capital allocation

  • ★: position when all companies are sorted by value and cut into fifths (a position, not a rating). The five items with ★: only where both numerator and denominator are available on a consolidated basisSee the formulas
  • Cash conversion　Net cash provided by (used in) operating activities ÷ operating income
  • Increase in working capital　(increase in trade receivables + increase in inventories) ÷ net sales (or operating revenue)。Trade receivables up ¥3.1 billion + inventories down ¥0.2 billion, over net sales ¥46.4 billion
  • Property, plant and equipment purchases relative to depreciation　Purchase of property, plant and equipment ÷ depreciation。Purchase of property, plant and equipment ¥1.5 billion, over depreciation ¥1.6 billion
  • Return to shareholders　(dividends paid + purchase of treasury stock) ÷ net cash provided by operating activities。Dividends paid ¥0.7 billion + purchase of treasury stock ¥0.00 million, over operating cash flow ¥0.7 billion
  • Extraordinary gains and losses relative to ordinary profit　(extraordinary income − extraordinary loss) ÷ ordinary income。Extraordinary income ¥22.00 million − extraordinary loss ¥0.3 billion, over ordinary income ¥2.3 billion
  • Investment securities to net assets　Investment securities ÷ net assets。Investment securities ¥2.3 billion, over net assets ¥18.0 billion

Long-term changes in performance

  • Revenue　Disclosed value for 2026 ÷ disclosed value for 2013

Year-on-year comparison

  • Year on year: calculated only where the item, reporting range and accounting standard match and the periods are consecutive
  • Comparison basis not confirmed: periods with a change of accounting standard or reporting range, a moved fiscal year end, or an unconfirmed period
  • ◆: a period where revenue moved 20% or more from the prior year, profit as a share of revenue moved 2.0 percentage points or more, or profit or loss changed sign. Item used named in the table and list. Not a ranking of companies

Earnings and net assets per share over time

  • Earnings per share = net profit ÷ shares; net assets per share = net assets ÷ shares. Disclosed values from the key financial indicators of the annual securities report. No share prices used

Return on equity over time

  • Return on equity (ROE): net profit as a proportion of equity. For Japanese companies, the disclosed value in the key financial indicators of the annual securities report (decimals converted to percentages)

Dividend history

  • Payout ratio: dividends as a proportion of net profit. Dividend amounts and payout ratios: the reporting company’s parent-only disclosed values (as written in the annual securities report, not recalculated from consolidated profit). Consecutive increases: years in a row, from the latest backwards, in which the annual dividend per share rose. Consecutive years with a dividend: years in a row with an annual dividend per share above zero. Both this site’s own count (not the criteria of any published index). A year with no disclosure not read as zero; counting stops there. Range limited to the years listed above.

Share ownership by holder category

  • Source: ownership table, annual securities report. Percentages as disclosed, calculated on trading units (some companies do not total exactly 100%). Foreign holders (total): institutions and individuals combined. “Individuals and others”: a register category (not necessarily the share actually held by individuals). Industry median: the middle value among companies in Wholesale Trade that disclose the item (industries with at least 5 companies only).

Major shareholders

  • Source: major shareholders table, annual securities report. Trust bank holdings as written (whose trust is not disclosed)

Research and development expenses and capital expenditure

  • Research and development: total in the R&D section of the annual securities report. Capital expenditure: this year’s actual spending in the capital expenditure overview (not a plan). Years: only those available in the annual securities reports on hand (one to four per company); no row for other years. Share of revenue: divided by consolidated revenue in the same annual securities report. Industry median: the middle value among companies in Wholesale Trade that disclose the item (industries with at least 5 companies only). Segment names and order: the same as the segment table above. Group-wide research and adjustments mean segment figures may not add up to the company-wide amount.

Revenue scale in the same industry

  • Revenue (disclosed values) of companies in the same industry, using the same grouping as the industry pages. Only the top three and the two companies either side of this one. Bar length relative to the largest company (100). An order of size, not a ranking of quality

Workforce information

  • All four: the reporting company (parent-only), as disclosed in the employee section of the annual securities report. Employees across the consolidated group: 2,765 (a different scope, kept apart from the four above). Industry median: the middle value among companies in Wholesale Trade that disclose the item (industries with at least 5 companies only).

People and organisation

  • Sales per employee　Net sales (or operating revenue) ÷ employees
  • Operating income per employee　Operating income ÷ employees
  • Wage gap between men and women　Women's pay with men's pay set to 100, reporting company
  • Women in managerial positions　Reporting company (parent only)
  • Men taking childcare leave　Reporting company (parent only)
  • Employees by gender　gBizINFO
  • Average temporary staff　Consolidated, average headcount other than regular employees

Workplace information filings

  • Source: processed from Shokuba-labo, the workplace information site of the Ministry of Health, Labour and Welfare. Items the company filed only Shokuba-labo

Audit and disclosure information

  • Whether there is a going concern note (the accounting assumption that a company will continue operating), and audit information
  • Audit firm, audit fees, going concern note and accounting standard: facts written in the latest annual securities report and the audit report filed with it (not a judgement of the company). Going concern note: “note” when the note text is present, “not applicable” when the report states nothing to report, “cannot be determined” when neither appears. Note text not reproduced. Amended filings not shown (annual securities reports only)

Data sources and calculation methods

Primary source: the annual securities report of NIPPO LTD. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 1120901007832 / Accounting standard: Japanese GAAP

  • Amounts: machine transcription of EDINET XBRL (no manual re-keying). Long narrative notes are text and not in the account list. Identifiers: machine transcription of the EDINET code list (retrieved 2026-08-22)
  • ★: position of the value calculated from disclosed figures among the 4,240 companies on this site, on a five-step scale. Not a judgement of the company. No forecasts usedThe formulas and how they are counted
  • No rank: net assets as a share of total assets, cash conversion and revenue per employee (size alone does not show quality). Industry median shown for comparison. Cash conversion of 100%: operating cash flow equal to operating profit
  • Profit-and-loss chart: only where “sales − cost of sales − SG&A = operating income” holds between disclosed values. Cost breakdown: the six largest SG&A items
  • Trend charts: key financial indicators of the annual securities report. Amounts in billions of yen (dividend per share in yen). Long-run chart joins reports filed in different years (newer report for overlapping years). Some items stop part-way after a change of accounting standard. A stock split changes the weight of one share. Consolidated and parent-only in separate tables
  • Revenue scale in the same industry: bars of revenue (disclosed values) of companies in the same industry grouping as the industry pages, largest first. Only the top three and the two companies either side of this one. Each company’s latest fiscal year. An order of size, not a ranking of quality or an investment view
  • Share prices: not published (no data source allows redistribution). No share-price-based indicators (such as the price earnings ratio) and no extension of past growth into the future
  • Average age, average length of service and average annual salary: the reporting company alone (the parent). At a holding company, a small head-office staff. Payout ratio (basic facts): dividend per share ÷ consolidated earnings per share, calculated here (the payout ratio in the annual securities report is the reporting company’s figure, on a different basis). Representative and founding date: gBizINFO (Ministry of Economy, Trade and Industry), some companies only
  • “Retrieved disclosed figures”: every value readable as a number from the annual securities report. Company-wide values only (no segment or other breakdowns)
  • Segment table: machine transcription of the segment information in the annual securities report. Business names as labelled by the company in its XBRL. No table where segment sales differ from the disclosed total by more than 1%. Adjustments, corporate, eliminations and “other” left out of the table and the share denominator, as they are not businesses
  • Breakdowns of amounts, not diagrams of how the business works. Who pays whom, and for what, is not in the disclosed figures; no lines drawn from guesswork