beluuga.ai

Overview

Transportation Equipment

NANSIN CO.,LTD.

Nansin Co., Ltd. is a manufacturer and seller of casters and hand trucks (dollies), offering a broad product lineup designed around the concept of 'moving heavy objects lightly.' The company develops innovative casters for industrial and logistics applications, including next-generation casters for automated transport systems, as well as heavy-duty transport dollies such as the 'S-Move' series. Nansin serves diverse end markets including manufacturing, warehousing, and logistics, and is recognized for improving workplace efficiency and safety.

Market Cap

US$23.4M

¥3.73B

-US$1.49M

¥-0.24B

StockUS$3.64(¥582)▲+1.39%

US$1 = ¥159.70 (2026-11-12)

LTM EV/EBITDA

LTM EV/EBIT

LTM PER

16.8

LTM PBR

0.3

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-15.9%pt

Nov 13, 25 – Nov 13, 26StockTOPIX

MC → EV Bridge

AI Briefing

Nansin manufactures casters and hand trucks for industrial, logistics and manufacturing markets, with production in Japan, Malaysia and China. FY26/3 revenue US$61.4M (¥9.8B) with OP margin 2.2%, roughly flat versus FY23/3 as profitability stays thin. Shareholder base is fragmented across individuals and investment partnerships, with net cash exceeding market cap (EV -US$1.88M (¥-0.3B)).

Open NANSIN CO., LTD. in the demo →Comps, DCF and WACC for this company. Free, no time limit.

Performance & Balance

Revenue 5Y (US$)

EBITDA 5Y (US$)

Net Income 5Y (US$)

Capital Structure

98%

EquityD/E 0.02xDebt

Liquidity vs Debt 5Y (US$)▲ Net Cash

CashInv. Sec.Debt

Business Segments

2026/03 · US$ (¥B)

Japan

Revenue

US$58.1M(¥9.27B)

Segment profit

US$0.36M(¥0.06B)0.6%

Malaysia

Revenue

US$18.7M(¥2.99B)

Segment profit

-US$0.21M(¥-0.03B)-1.1%

China

Revenue

US$10.9M(¥1.75B)

Segment profit

US$1.22M(¥0.20B)11.2%

Adjustments

Revenue

-US$26.5M(¥-4.23B)

Segment profit

-US$0.05M(¥-0.01B)

No segment changes in the last 5 years

Shareholders

Top 10 hold 57.6%

as of 2026-09-30 · Source: Annual Securities Report

Kunihiko SAITO

14.07%

INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)

10.51%

UH Partners 2 Investment Limited Liability Partnership

7.81%

Hikari Tsushin Inc. Investment Limited Liability Partnership

6.70%

Sonoe TANAKA

6.26%

The Shoko Chukin Bank, Ltd.

3.51%

SIL Investment Limited Liability Partnership

2.54%

Fujishige Co., Ltd.

2.48%

Seigo NAITO

2.02%

Shigeru KOBAYASHI

1.70%

Management

9 officers

Takahiro SUWA

Representative Director, President

Apr 1991 Joined Mitsubishi Bank (now MUFG Bank, Ltd.) May 2003 Sales Division I, Sales Department III, The Bank of Tokyo-Mitsubishi Jun 2007 Seconded to Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., Sector Coverage Department, Executive Director Jun 2010 Seconded to Mitsubishi Motors Corporation, General Manager, Finance Control Office May 2016 Same company, Senior Manager, CEO/COO Office, Business Strategy Office and CFO Office Sep 2019 Same company, General Manager, Communications Division May 2021 Joined the Company Jan 2022 General Manager, Administration Division and Business Strategy Office, the Company Sep 2022 Executive Officer, CFO, General Manager, Administration Division and Business Strategy Office, the Company Jun 2023 Representative Director, Senior Managing Executive Officer, CFO, the Company Apr 2024 Representative Director, President (current)

1968-05-06

Takahiro YAMAMOTO

Director, Chairman of the Board

Sep 1992 Joined the Company Apr 2003 Deputy Manager, Sales Department, the Company Apr 2005 Manager, Sales Planning and Development Department, the Company Jul 2005 Executive Officer, Manager, Sales Planning and Development Department, the Company Jun 2011 Director, Manager, Third Sales Department, Sales Division (in charge of international business), the Company Mar 2013 Director, General Manager, Sales Division, the Company Jun 2017 Managing Director, General Manager, Sales Division, the Company Jun 2018 Senior Managing Director, the Company Mar 2021 Director, Nansin Logistics Machinery (Suzhou) Co., Ltd. Jun 2021 Representative Director, President, the Company Apr 2024 Director, Chairman of the Board, the Company (current)

1969-09-17

Takehiro YOKOBORI

Managing Director, in charge of Development and Production

Apr 1989 Joined the Company Apr 2004 Manager, Technology Department, Production Division, the Company Jul 2005 Executive Officer, Manager, Technology Department, Production Division, the Company Jul 2013 Executive Officer, Deputy General Manager, Production Division and Manager, Technology Department, the Company Jun 2017 Director, General Manager, Production Division, the Company Jun 2018 Managing Director, General Manager, Production Division, the Company Aug 2019 Chairman, NANSIN (MALAYSIA) SDN. BHD. (current) Apr 2023 Managing Director, in charge of Development and Production, the Company (current) Apr 2024 Director, Nansin Logistics Machinery (Suzhou) Co., Ltd. (current)

1967-01-20

Gaku OZONO

Managing Director, General Manager, Sales Division

Dec 1997 Joined the Company Apr 2015 Deputy Manager, Head Office Sales Department, Sales Division, the Company Apr 2016 Manager, Head Office Sales Department, Sales Division, the Company Jun 2017 Director, Manager, Head Office Sales Department, the Company Jun 2018 Managing Director, General Manager, Sales Division, the Company Jan 2022 Director, in charge of overseas sales integration, the Company Jan 2023 Director, in charge of sales strategy integration, the Company Apr 2023 Director, General Manager, Sales Division, the Company Apr 2024 Managing Director, General Manager, Sales Division, the Company (current)

1974-06-27

Kiyotaka SAITO

Director, in charge of New Business Development

Aug 2013 Joined the Company Oct 2019 General Manager, Business Planning Office, the Company Jun 2021 Director, General Manager, Business Planning Office, the Company Jan 2022 Director, General Manager, Sales Planning Office, the Company Jun 2023 Director, in charge of Consumer Business, the Company Apr 2024 Director, in charge of New Business Development, the Company (current)

1984-01-06

Yusuke IGAWA

Director, General Manager, Administration Division

Apr 1986 Joined Mitsubishi Bank (now MUFG Bank, Ltd.) Aug 1998 Business Planning Department, The Bank of Tokyo-Mitsubishi Aug 2007 Corporate Compliance Department, Mitsubishi Tokyo UFJ Bank May 2010 Deputy Branch Manager, Otsu Branch, Mitsubishi UFJ Bank Apr 2016 Joined Celespo Co., Ltd., General Manager, Corporate Division Apr 2018 Executive Officer, Deputy General Manager, Corporate Division and General Manager, Business Planning Department, Celespo Co., Ltd. Sep 2022 Joined the Company, General Manager, Internal Audit Office Apr 2025 General Manager, Administration Division, the Company (current)

1963-07-12

Masato TANI

Director, Audit and Supervisory Committee Member

Apr 1990 Registered with the Tokyo Bar Association (No. 21635) Apr 1990 Hirayama Law Office Jan 1994 Tani Law Office Mar 1996 Hibiya Mitsuke Law Office Jun 1998 Audit & Supervisory Board Member, the Company Feb 2013 Tokyo Public Law Offices (Attorney Corporation) Apr 2015 Hibiya Mitsuke Law Office (current) Jun 2017 Director, Audit and Supervisory Committee Member, the Company (current)

1959-08-08

Narushi CHIKURA

Director, Audit and Supervisory Committee Member

Apr 1991 Joined Shimizu Corporation Aug 1996 Joined Chikura Shobo Co., Ltd. Jun 2004 Representative Director, President, Chikura Shobo Co., Ltd. (current) Aug 2020 Director, Audit and Supervisory Committee Member, the Company (current)

1967-06-15

Masako SOGA

Director, Audit and Supervisory Committee Member

Apr 1990 Joined Asahi Breweries, Ltd. Sep 2008 Seconded to Asahi Field Marketing Co., Ltd., Director, Sales Department Manager Sep 2015 Asahi Breweries, Ltd., Metropolitan Area Headquarters, Wide-Area Sales Merchandising, Senior Manager Sep 2018 Asahi Breweries, Ltd., Quality Assurance Department, Customer Relations Office, General Manager Aug 2024 Established kokoromachi Co., Ltd., Representative Director (current) Jun 2025 Director, Audit and Supervisory Committee Member, the Company (current)

1967-09-30

Large Shareholding Reports

Koutsushin Co., Ltd.

2025-09-29

6.57%→6.57%

Disclosures

No disclosures

Primary Source Filings

EDINET

2026-11-09

Semi-Annual Securities Report

Period: Apr 2026 – Sep 2026

NANSIN CO.,LTD.

Try the full product

NANSIN CO.,LTD.

Try the full product

More Japanese companies in Transportation Equipment