Overview
Electric Appliances

NIHON TRIM CO.,LTD.

Nihon Trim is a Japan-based health and medical technology company centered on electrolyzed hydrogen water (alkaline ionized water) purifiers, manufacturing and selling these devices for residential, agricultural, and medical applications. The company operates two core segments: Water Healthcare, which covers the production and sale of electrolyzed hydrogen water purifiers, related accessories, and bottled water; and Medical-Related Business, which includes perinatal tissue-derived cell processing and storage for regenerative medicine/cell therapy, as well as electrolyzed water dialysis equipment sales. The group positions itself as a niche leader ('only-one company') in functional water technology with applications spanning consumer health, agriculture, and advanced medical treatments.

Market Cap
US$245M
¥39.1B
EV
US$156M
¥24.9B
StockUS$32.94(¥5,260)▼-1.68%
US$1 = ¥159.70 (2026-11-12)
LTM EV/EBITDA
6.4
x
LTM EV/EBIT
7.5
x
LTM PER
17.7
x
LTM PBR
1.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-11.0%pt
100
Nov 13, 25 – Nov 13, 26StockTOPIX
MC → EV Bridge
US$245M¥39.1BMarket CapUS$6.62M¥1.06B+ DebtUS$87.9M¥14.0B− CashUS$19.0M¥3.04B− Inv. Sec.US$11.6M¥1.85B+ NCIUS$156M¥24.9BEV
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Performance & Balance
Revenue 5Y (US$)
US$102M¥16.3B'22/3US$112M¥18.0B'23/3US$128M¥20.4B'24/3US$141M¥22.5B'25/3US$151M¥24.2B'26/3
EBITDA 5Y (US$)
US$15.4M¥2.46B'22/3US$17.6M¥2.80B'23/3US$22.3M¥3.56B'24/3US$23.8M¥3.79B'25/3US$21.9M¥3.49B'26/3
Net Income 5Y (US$)
US$12.1M¥1.94B'22/3US$10.3M¥1.65B'23/3US$13.5M¥2.15B'24/3US$14.0M¥2.24B'25/3US$12.7M¥2.03B'26/3
Capital Structure
96%
EquityD/E 0.04xDebt
Liquidity vs Debt 5Y (US$)▲ Net Cash
CashInv. Sec.Debt
US$87.3M¥13.9BUS$0.05M¥0.01B'22/3US$97.7M¥15.6B'23/3US$98.5M¥15.7BUS$0.46M¥0.07B'24/3US$105M¥16.7BUS$7.84M¥1.25B'25/3US$107M¥17.1BUS$7.11M¥1.14B'26/3
Business Segments
2026/03 · US$ (¥B)
87%
Water health care
Revenue
US$132M(¥21.1B)
Segment profit
US$17.0M(¥2.71B)12.8%
13%
Medical related
Revenue
US$18.9M(¥3.02B)
Segment profit
US$1.43M(¥0.23B)7.6%
Adjustments
Revenue
—
Segment profit
—
No segment changes in the last 5 years
Shareholders
Top 10 hold 74.9%
1
Nobukatsu MORISAWA (Note 1)
41.68%
2
Premium Water Holdings,Inc.
8.92%
3
Premium Water Co., Ltd.
7.74%
4
Custody Bank of Japan, Ltd. (Trust Account E)
5.38%
5
The Master Trust Bank of Japan, Ltd. (Trust Account)
4.96%
6
Nomura Trust and Banking Co., Ltd. (Trust Account for NIHON TRIM CO.,LTD. Employee Stock Ownership Association)
2.12%
7
NIHON TRIM CO.,LTD. Employee Stock Ownership Association
1.67%
8
Sadahide MITANI
0.87%
9
HIKARI TSUSHIN,INC.
0.86%
10
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
0.65%
Management
9 officers
Nobukatsu MORISAWA
Representative Director, Chairman and CEO
Jun 1982 Established Nihon Trim Co., Ltd.; Representative Director, President Jun 2022 Representative Director, Chairman and CEO (current)
1944-10-08
Shufu TAHARA
Representative Director, President
Mar 2003 Joined the Company Apr 2013 General Manager, Corporate Planning Department, the Company Jan 2014 Executive Officer, General Manager, Corporate Planning Department, the Company Jun 2017 Director, General Manager, Corporate Planning Department, the Company Apr 2018 Director, General Manager, Administration Division and General Manager, Corporate Planning Department, the Company Apr 2019 Senior Managing Director, General Manager, Administration Division and General Manager, Corporate Planning Department, the Company Jun 2022 Representative Director, President, the Company (current)
1972-05-20
Yumi NISHITANI
Senior Managing Director, General Manager, Sales Division
Nov 1987 Joined the Company Jun 2003 Director, General Manager, Nagoya Branch, the Company Apr 2006 Director, in charge of DS/HS Business Division and General Manager, Head Office Sales Department, the Company Apr 2007 Managing Director, in charge of DS/HS Business Division, the Company Apr 2008 Managing Director, in charge of DS/HS Business Division and General Manager, Head Office Sales Department, the Company Jan 2009 Managing Director, General Manager, Nagoya Branch, the Company Oct 2009 Managing Director, General Manager, Tokyo Branch, the Company Apr 2011 Managing Director, General Manager, Nagoya Branch, the Company Apr 2012 Managing Director, General Manager, Tokyo Branch, the Company Jul 2014 Managing Director, General Manager, Sales Division and General Manager, Tokyo Branch, the Company Apr 2016 Managing Director, General Manager, Sales Division and General Manager, Head Office Sales Department, the Company Apr 2017 Managing Director, General Manager, Sales Division, the Company Apr 2018 Managing Director, Deputy General Manager, Sales Division and General Manager, DS Business Division, the Company Apr 2019 Managing Director, Deputy General Manager, Sales Division, General Manager, DS Business Division and General Manager, Tokyo Branch, the Company Apr 2022 Managing Director, Deputy General Manager, Sales Division, General Manager, DS Business Division and General Manager, Head Office Sales Department, the Company Jun 2022 Managing Director, General Manager, Sales Division, General Manager, DS Business Division and General Manager, Head Office Sales Department, the Company Mar 2023 Senior Managing Director, General Manager, Sales Division, General Manager, DS Business Division and General Manager, Head Office Sales Department, the Company Apr 2023 Senior Managing Director, General Manager, Sales Division, the Company Apr 2024 Senior Managing Director, General Manager, Sales Division and General Manager, SS Business Division, the Company Sep 2024 Senior Managing Director, General Manager, Sales Division, the Company (current)
1958-12-24
Takafumi SHIMIZU
Director
Sep 1998 Joined the Company Aug 2006 Vice President, PT. SUPER WAHANA TEHNO (Indonesia) Apr 2010 General Manager, Corporate Planning Department, the Company Apr 2013 Executive Officer, in charge of Overseas Operations and Corporate Planning, the Company Sep 2013 Resigned from the Company Sep 2013 Director, STEMCELL Institute Inc. Jun 2016 Representative Director, President, STEMCELL Institute Inc. (current) Jun 2026 Director, the Company (current)
1973-03-17
Midori KAMEI
Director
Apr 1990 Joined the Ministry of Health and Welfare (now Ministry of Health, Labour and Welfare) Jan 2001 Senior Staff, Pharmaceuticals and Medical Devices Agency (now PMDA) Aug 2002 Director, Health and Safety Measures Office, Personnel Division, National Personnel Authority Jul 2009 Director, Blood Safety Division, Pharmaceutical and Food Safety Bureau, Ministry of Health, Labour and Welfare Jul 2010 Director, Tuberculosis and Infectious Diseases Division, Health Bureau, Ministry of Health, Labour and Welfare Jul 2011 Director, Narita Airport Quarantine Station, Ministry of Health, Labour and Welfare Apr 2014 Director, Japan Organization of Community Health Care Apr 2016 Counselor (Regional Medical Care), Minister's Secretariat, Ministry of Health, Labour and Welfare, concurrently Assistant to Deputy Chief Cabinet Secretary, Cabinet Secretariat Jun 2016 Resigned from the Ministry of Health, Labour and Welfare Aug 2016 Professor, Department of Social Medicine, School of Medicine, Saitama Medical University Jun 2019 Director, the Company (current) Apr 2025 Visiting Professor, Department of Social Medicine, School of Medicine, Saitama Medical University (current) Apr 2025 Special Appointed Professor, Fujita Health University (current)
1959-12-23
Kuniya OHNI
Director
Apr 1970 Joined Mitsubishi Heavy Industries, Ltd. 1972 to 1977 Japan National Football Team player (44 international A matches) Oct 1992 Special Executive Director, Japan Football Association Jun 1996 Director, Japan Football Association May 2000 Managing Director, Japan Football Association Sep 2000 Resigned from Mitsubishi Heavy Industries, Ltd. Mar 2003 Deputy President, Japan Football Village Co., Ltd. (now J-Village Co., Ltd.) Apr 2006 President, Japan Futsal Federation (now General Incorporated Foundation Japan Futsal Federation) Jul 2006 Vice President, Japan Football Association Aug 2007 Chief Operating Officer (COO), Japan Futsal League Jun 2012 President, Japan Football Association (public interest incorporated foundation) Aug 2012 Member, FIFA Member Associations Committee Mar 2016 Honorary President, Japan Football Association (public interest incorporated foundation) Mar 2016 Director, Japan Football Museum Mar 2020 Chief Adviser, Japan Football Association (public interest incorporated foundation) Jun 2021 Director, the Company (current) Mar 2026 Senior Advisor, Japan Football Association (public interest incorporated foundation) (current)
1944-10-12
Akihiko KAMISAKI
Full-time Audit & Supervisory Board Member
Apr 1990 Joined Tohmatsu & Touche Consulting Co., Ltd. Apr 1993 Resigned from Tohmatsu & Touche Consulting Co., Ltd. Oct 1994 Joined Asahi Audit Corporation (now Ernst & Young ShinNihon LLC) Apr 1998 Registered as Certified Public Accountant May 2010 Partner, Asahi Audit Corporation Jul 2021 Full-time Audit & Supervisory Board Member, the Company (current)
1966-08-29
Yuki UCHIYAMA
Audit & Supervisory Board Member
Apr 1983 Joined Burroughs K.K. (now BIPROGY Inc.) Apr 1988 Worked at Morocco National Tourist Office Apr 1997 Registered with Osaka Bar Association; joined Daisui Law Office (later Daisui Sogo Law Office) Apr 2012 Partner, Daisui Sogo Law Office Jun 2018 Counsel, TMI Associates Osaka Office (current) Jun 2019 Outside Audit & Supervisory Board Member, Maruichi Steel Tube Ltd. (current) Jun 2022 Outside Director, Nihon Seisen Co., Ltd. (current) Apr 2023 Certified Fraud Examiner (CFE) certification Jun 2024 Audit & Supervisory Board Member, the Company (current)
1959-10-31
Kenichiro YAMAGISHI
Audit & Supervisory Board Member
Apr 1984 Joined Taiyo Kobe Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Apr 2007 General Manager, Corporate Planning Department, SMBC Friend Securities Co., Ltd. (now SMBC Nikko Securities Inc.) Apr 2010 General Manager, Third Corporate Sales Department, Kobe Corporate Business Division, Sumitomo Mitsui Banking Corporation May 2014 Executive Officer, General Manager, Tokyo System Sales Department, Sakura CS Co., Ltd. Apr 2015 Executive Officer, General Manager, Tokyo Industrial Sales Department, Sakura CS Co., Ltd. Oct 2018 Executive Officer, General Manager, Human Resources Department and General Manager, Human Resources Development Office, Sakura CS Co., Ltd. Apr 2020 Managing Executive Officer, General Manager, Human Resources Department and General Manager, Human Resources Development Office, Sakura CS Co., Ltd. Apr 2021 Managing Executive Officer, General Manager, Human Resources Department, Sakura CS Co., Ltd. Apr 2022 Managing Executive Officer, General Manager, Human Resources Department and General Manager, Healthcare Promotion Office, Sakura CS Co., Ltd. Apr 2024 Managing Executive Officer, Management Administration Division, Sakura CS Co., Ltd. Jun 2024 Audit & Supervisory Board Member, the Company (current)
1961-09-24
Large Shareholding Reports
Mizuho Trust & Banking Co., Ltd.
2026-11-09
5.00%→4.99%
Premium Water Co., Ltd.
2026-11-05
9.24%→9.24%
Annual report (as of 2026-03-31): 7.74%
Premium Water Co., Ltd.
2026-08-28
9.24%→9.24%
Annual report (as of 2026-03-31): 7.74%
Premium Water Co., Ltd.
2026-07-23
8.58%→9.24%
Annual report (as of 2026-03-31): 7.74%
Premium Water Co., Ltd.
2026-06-11
7.57%→8.58%
Annual report (as of 2026-03-31): 7.74%
Premium Water Holdings, Inc.
2026-05-01
8.28%→8.28%
Annual report (as of 2026-03-31): 8.92%
Premium Water Holdings, Inc.
2026-03-04
8.28%→8.28%
Annual report (as of 2026-03-31): 8.92%
Premium Water Holdings, Inc.
2026-01-29
8.28%→8.28%
Annual report (as of 2026-03-31): 8.92%
Premium Water Holdings, Inc.
2025-12-23
8.28%→8.28%
Annual report (as of 2026-03-31): 8.92%
Premium Water Holdings, Inc.
2025-11-18
8.28%→8.28%
Annual report (as of 2026-03-31): 8.92%
Premium Water Holdings, Inc.
2025-10-08
8.28%→8.28%
Annual report (as of 2026-03-31): 8.92%
Premium Water Holdings, Inc.
2025-08-27
8.28%→8.28%
Annual report (as of 2026-03-31): 8.92%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-11-13
Semi-Annual Securities Report
Period: Apr 2026 – Mar 2027
TDnet
2026-11-12
Q2 Earnings Flash
FY ending Mar 2027
EDINET
2026-11-09
Large Shareholding Report
EDINET
2026-11-05
Large Shareholding Report
EDINET
2026-08-28
Large Shareholding Report
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-23
Large Shareholding Report
EDINET
2026-06-22
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-11
Large Shareholding Report
TDnet
2026-05-13
Full-Year Earnings Flash
FY ending Mar 2026
EDINET
2026-05-01
Large Shareholding Report
EDINET
2026-03-04
Large Shareholding Report
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-29
Large Shareholding Report
EDINET
2025-12-23
Large Shareholding Report
EDINET
2025-11-18
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-08
Large Shareholding Report
EDINET
2025-08-27
Large Shareholding Report
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-12-20
Securities Registration Statement
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-07
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
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