Overview
Machinery

Nippon Dry-Chemical CO.,LTD.

Nippon Dry-Chemical is a comprehensive fire protection company engaged in the design, installation, and maintenance of fire suppression systems for commercial buildings, industrial plants, and marine vessels, as well as the manufacture and sale of fire extinguishers, firefighting vehicles, and automatic fire alarm systems. The company serves a broad range of end markets including high-rise buildings, petrochemical plants, power generation facilities, nuclear plants, and ships, offering tailored solutions such as sprinkler systems, gas-based suppression, foam systems, and powder-based systems. Its competitive strengths lie in vertically integrated capabilities spanning in-house manufacturing at its Chiba and Fukushima factories, proprietary cost management systems, strong construction management expertise, and a recurring maintenance revenue stream through regular legally mandated inspection services.

Market Cap
¥99.2B
US$632M
EV
¥95.7B
US$609M
Stock¥3,700▲+0.00%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
10.3
x
LTM EV/EBIT
10.6
x
LTM PER
18.0
x
LTM PBR
3.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+54.7%pt
10012
Oct 23, 25 – Sep 11, 26StockTOPIX
1Feb 9, 26Strong Q3 results, FY guidance raised
2Apr 1, 26Stock split executed (1:4 split)
MC → EV Bridge
99.2BUS$632MMarket Cap4.28BUS$27.2M+ Debt9.99BUS$63.6M− Cash2.93BUS$18.7M− Inv. Sec.5.12BUS$32.6M+ NCI95.7BUS$609MEV
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Performance & Balance
Revenue 5Y (¥B)
44.8US$285M'22/350.2US$320M'23/355.9US$356M'24/355.7US$355M'25/360.5US$385M'26/3
EBITDA 5Y (¥B)
3.56US$22.7M'22/34.59US$29.2M'23/35.49US$34.9M'24/36.86US$43.7M'25/38.72US$55.5M'26/3
Net Income 5Y (¥B)
1.89US$12.0M'22/32.54US$16.2M'23/33.29US$20.9M'24/33.96US$25.2M'25/35.08US$32.4M'26/3
Capital Structure
88%
EquityD/E 0.13xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
6.60US$42.0M7.39US$47.0M'22/35.07US$32.3M7.37US$46.9M'23/36.67US$42.5M8.29US$52.8M'24/311.6US$73.7M5.43US$34.6M'25/313.6US$86.5M4.41US$28.1M'26/3
Shareholders
Top 10 hold 52.6%
1
ALSOK CO.,LTD.
16.41%
2
Nippon Dry-Chemical CO.,LTD. Business Partners' Stock Ownership Association
6.33%
3
Custody Bank of Japan, Ltd. (Trust Account)
6.31%
4
Hatsuta Seisakusho Co., Ltd.
5.07%
5
The Master Trust Bank of Japan, Ltd. (Trust Account)
3.85%
6
GOVERNMENT OF NORWAY (Standing Proxy: Citibank, N.A., Tokyo Branch)
3.53%
7
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
3.32%
8
BNP PARIBAS LUXEMBOURG/2S/JASDEC/FIM/LUXEMBOURGFUNDS/UCITS ASSETS (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
3.06%
9
Shin Nippon Air Technologies Co.,Ltd.
2.86%
10
Nippon Dry-Chemical CO.,LTD. Employee Stock Ownership Association
1.81%
Management
10 officers
Masafumi KAMEI
Representative Director, President
Apr 1981 Joined Fujiwa Fudosan Co., Ltd. (now Mitsubishi Jisho Residence Co., Ltd.) Sep 1985 Joined Sony Chemical Corporation (now Dexerials Corporation) Jan 2005 Joined Powered COM Inc. (now KDDI Corporation) Jul 2010 Joined the Company Oct 2010 General Manager, Accounting and Finance Department, the Company Jun 2014 General Manager, Accounting and Finance Department and General Manager, Information Systems Department, the Company Jun 2015 Executive Officer, in charge of Administration; General Manager, Accounting and Finance Department and General Manager, Information Systems Department, the Company Jul 2016 Executive Officer, General Manager, Administration Division, and General Manager, Accounting and Finance Department and Information Systems Department, the Company May 2017 Executive Officer, General Manager, Administration Division, and General Manager, Accounting and Finance Department, the Company Jun 2017 Director, General Manager, Administration Division, and General Manager, Accounting and Finance Department, the Company Nov 2017 Corporate Auditor, Shiko Metal Co., Ltd. (now M-tech Co., Ltd.) Apr 2020 Director, General Manager, Administration Division, General Manager, Accounting Department and General Manager, Finance Department, the Company Apr 2022 Director, General Manager, Administration Division, and General Manager, Planning and IR Department, the Company Jun 2023 Managing Director, General Manager, Administration Division, General Manager, Planning and IR Department, in charge of Internal Audit and Quality Assurance, the Company Mar 2024 Representative Director, President, the Company (current) Mar 2024 Representative Director, M-tech Co., Ltd. (current) Apr 2024 Representative Director, President, Inert Gas Center Co., Ltd. (current)
1957-10-25
Hideki KARASAWA
Director
Apr 1990 Joined Yamaichi Securities Co., Ltd. Jan 1993 Joined the Company Apr 2015 General Manager, Plant Disaster Prevention Sales Department, Tokyo Branch, Facility Division, the Company Jul 2021 Executive Officer, General Manager, Plant Division, Sales Division, the Company Apr 2022 Executive Officer, General Manager, Plant Disaster Prevention Business Division, the Company May 2024 Executive Officer, Deputy General Manager, Business Management Division, in charge of Sales Planning, the Company Jun 2024 Director, Deputy General Manager, Business Management Division, in charge of Sales Planning, the Company May 2025 Representative Director, Koshin Plant Industry Co., Ltd. (current) Jun 2025 Director, Deputy General Manager, Business Management Division, in charge of Sales Planning and Equipment and Maintenance Business, the Company Jun 2026 Director, Deputy General Manager, Business Management Division, in charge of Equipment and Plant Business, Technology and Business Administration, the Company (current)
1966-12-03
Tomohisa KASUYA
Director
Apr 1993 Joined the Company Apr 2015 General Manager, Building Disaster Prevention Sales Department, Tokyo Branch, Facility Division, the Company Apr 2018 General Manager, Tokyo Branch, Fire Extinguishing Equipment Division, Sales Division, the Company Jul 2021 Executive Officer, General Manager, Tokyo Branch, Fire Extinguishing Equipment Division, Sales Division, the Company Apr 2022 Executive Officer, General Manager, Building Disaster Prevention Business Division, the Company Jun 2022 Director, Inert Gas Center Co., Ltd. (current) Jun 2024 Executive Officer, General Manager, Building Disaster Prevention Business Division, Business Management Division, the Company May 2026 Representative Director, Hokkaido Dry Chemical Co., Ltd. (current) May 2026 Director, Koshin Plant Industry Co., Ltd. (current) Jun 2026 Director, General Manager, Business Management Division, General Manager, Building Disaster Prevention Business Division, in charge of Building Disaster Prevention and Maintenance Business, the Company (current)
1968-09-11
Toshiki MATSUO
Director
Apr 1993 Joined the Company Jun 2012 General Manager, Strategic Business Planning Office, Sales Division, the Company May 2013 General Manager, President's Office, the Company May 2013 Director, Hatsuta Seisakusho Co., Ltd. Jun 2015 Director, General Manager, Sales Division, Hucec Co., Ltd. Jul 2016 General Manager, Corporate Sales Department, Corporate Sales Division, the Company Apr 2017 General Manager, Nagoya Branch, the Company Jul 2021 General Manager, Sales Planning Department, Sales Division, the Company Jul 2024 Executive Officer, General Manager, Maintenance Business Division, the Company Apr 2025 Executive Officer, General Manager, Administration Division, the Company Jun 2026 Director, General Manager, Administration Division, in charge of Administration and Manufacturing Departments, the Company (current)
1968-06-01
Manabu HIRABAYASHI
Director
Mar 1999 Joined Sohgo Security Services Co., Ltd. (now ALSOK Co., Ltd.) Jun 2019 Director, ALSOK-TW Higashi Nihon Co., Ltd. Apr 2022 Branch Manager, Osaka Minami Branch, ALSOK Co., Ltd. Apr 2025 Deputy Department Head, Osaka Branch Sales Department, ALSOK Co., Ltd. Jun 2025 Director, Deputy General Manager, Business Management Division, General Manager, Business Development Department, in charge of Business Development, the Company (current)
1976-11-11
Takehito SEI
Director
Apr 1987 Joined Toyota Motor Corporation Feb 1989 Joined Arthur Andersen (now Accenture) Apr 1999 Joined Comtec Co., Ltd. Apr 1999 Director, Comtec Co., Ltd. Oct 2001 Established Aimnext Co., Ltd. Oct 2001 Representative Director, President, Aimnext Co., Ltd. (current) Apr 2012 Visiting Professor, KIT Toranomon Graduate School Apr 2023 Part-time Lecturer, University of Miyazaki (current) Apr 2023 Part-time Lecturer, The University of Electro-Communications Jun 2024 Director, the Company (current)
1963-07-27
Taeho KIM
Director
Jul 1985 Joined American Express International, Inc. Nov 1998 General Manager, Group Strategy Office, Shinwa Co., Ltd. Apr 2000 Director, Head Office, and President, North American Subsidiary, Shinwa Co., Ltd. Nov 2002 General Manager, Management Planning Office, MISUMI Corporation (now MISUMI Group Inc.) Jun 2003 Executive Officer, General Manager, Tools Business Division, MISUMI Corporation Oct 2007 Managing Executive Officer, President, Die and Tool Business Unit, MISUMI Corporation Jun 2008 Director, Managing Executive Officer, MISUMI Corporation Nov 2009 Executive Officer, President, Asia Pacific Region, D&M Holdings Inc. Jun 2013 Representative Director, President, Nihon Inter Co., Ltd. Aug 2016 General Manager, Business Strategy Department, Kyocera Corporation Jun 2017 Representative Director, President, ARK Co., Ltd. Jun 2022 Representative Director, President, En World Japan Co., Ltd. Jun 2026 Director, the Company (current)
1963-02-22
Nobuo NAKAGAWA
Full-time Corporate Auditor
Apr 1985 Joined Shibano Chemical Industry Co., Ltd. Aug 1988 Joined the Company Apr 2007 General Manager, Nagoya Branch, Fire Prevention Equipment Department, the Company Oct 2012 General Manager, Osaka Branch, the Company Jul 2021 Executive Officer, in charge of Central and Western Japan Fire Prevention Equipment, General Manager, Osaka Branch, General Manager, Maintenance Sales Department, and Head, Okinawa Sales Office, the Company Apr 2022 Executive Officer, General Manager, Fire Alarm and Equipment Business Division, and General Manager, Business Administration Department, the Company Jun 2023 General Manager, Internal Audit Office, the Company Apr 2024 General Manager, Nagoya Branch, and General Manager, Fire Alarm and Equipment Sales Department, the Company Jul 2024 Executive Officer, General Manager, Nagoya Branch, the Company May 2026 Corporate Auditor, Hokkaido Dry Chemical Co., Ltd. (current) May 2026 Corporate Auditor, Koshin Plant Industry Co., Ltd. (current) Jun 2026 Full-time Corporate Auditor, the Company (current) Jun 2026 Corporate Auditor, Inert Gas Center Co., Ltd. (current)
1963-03-01
Norihiko TOKESHI
Corporate Auditor
Feb 1995 Joined Hotta Liesenberg Saito LLP, United States Apr 2001 Representative Director, HLS Global Inc. (current) Jan 2006 Partner, Hotta Liesenberg Saito LLP, United States (current) Jun 2014 Corporate Auditor, the Company (current) Jun 2023 Outside Corporate Auditor, Game Card Holdings Inc. (formerly Game Card Joyco Holdings Inc.) (current)
1969-06-15
Etsuko MORI
Corporate Auditor
Apr 1986 Public Prosecutor, Tokyo District Public Prosecutors Office Jul 2010 Deputy Chief Public Prosecutor, Shizuoka District Public Prosecutors Office Nov 2011 Public Prosecutor, Supreme Public Prosecutors Office Apr 2012 Deputy Chief Public Prosecutor, Saitama District Public Prosecutors Office Apr 2013 Head, Tachikawa Branch, Tokyo District Public Prosecutors Office Jan 2014 Chief Public Prosecutor, Fukui District Public Prosecutors Office Jul 2015 Public Prosecutor, Supreme Public Prosecutors Office Sep 2016 Chief Public Prosecutor, Maebashi District Public Prosecutors Office Jan 2018 Retired from public prosecutor service Feb 2018 Notary Public, Tokyo Legal Affairs Bureau Jun 2026 Corporate Auditor, the Company (current)
1956-06-16
Large Shareholding Reports
CREDIT INDUSTRIEL ET COMMERCIAL
2026-07-29
5.13%→6.24%
CREDIT INDUSTRIEL ET COMMERCIAL
2026-07-17
5.13%
Neuberger Berman Japan Ltd.
2026-07-16
8.48%→1.69%
NOMURA INTERNATIONAL PLC
2026-07-07
3.41%→1.52%
TCG2511 Co., Ltd.
2026-07-06
49.30%
Neuberger Berman Japan Ltd.
2026-07-01
6.46%→8.48%
Neuberger Berman Japan Ltd.
2026-06-26
6.46%→8.48%
NOMURA INTERNATIONAL PLC
2026-06-04
3.41%
Sumitomo Mitsui DS Asset Management Company, Limited
2026-06-04
5.11%→3.55%
Neuberger Berman Japan Ltd.
2026-06-01
5.57%→6.46%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Neuberger Berman Japan Ltd.
2026-06-01
5.57%→6.46%
ALSOK Co., Ltd.
2026-05-18
15.32%→15.32%
Sumitomo Mitsui DS Asset Management Company, Limited
2026-05-11
6.29%→5.11%
Sumitomo Mitsui DS Asset Management Company, Limited
2025-12-22
4.95%→6.29%
Neuberger Berman Japan Ltd.
2025-12-16
5.57%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-29
Large Shareholding Report
EDINET
2026-07-17
Large Shareholding Report
EDINET
2026-07-16
Large Shareholding Report
EDINET
2026-07-07
Large Shareholding Report
EDINET
2026-07-06
Large Shareholding Report
EDINET
2026-07-01
Large Shareholding Report
EDINET
2026-06-30
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-30
公開買付報告書
EDINET
2026-06-26
Large Shareholding Report
EDINETAmended
2026-06-05
訂正公開買付届出書
EDINET
2026-06-04
Large Shareholding Report
EDINET
2026-06-04
Large Shareholding Report
EDINET
2026-06-01
Large Shareholding Report
EDINETAmended
2026-06-01
Change Report
EDINET
2026-05-18
Large Shareholding Report
EDINET
2026-05-14
意見表明報告書
EDINET
2026-05-14
公開買付届出書
EDINET
2026-05-11
Large Shareholding Report
TDnet
2026-02-05
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-22
Large Shareholding Report
EDINET
2025-12-16
Large Shareholding Report
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-07-11
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
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