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Overview

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NIPPON PRIMEX INC.

Nihon Primex Inc. is a specialized distributor and developer of industrial compact (mini) printers, operating through its group companies with Japan Primex Co., Ltd. as the core sales entity and Japan Printer Engineering Co., Ltd. handling OEM manufacturing and original product development. The company distributes small printers and peripheral devices from leading Japanese manufacturers including Citizen Systems, Seiko Epson, Seiko Instruments, Star Micronics, and Brother Industries, as well as barcode, label, and card printers from Zebra Technologies (USA) as their exclusive Japan distributor. The group also develops and exports its own original printer products to overseas markets, supported by a domestic sales network spanning Tokyo, Yokohama, Nagoya, Kyoto, Osaka, and Fukuoka.

Market Cap

¥5.06B

US$32.2M

¥-2.52B

-US$16.0M

Stock¥979▼-0.20%

US$1 = ¥157.05 (2026-10-22)

LTM EV/EBITDA

LTM EV/EBIT

LTM PER

9.2

LTM PBR

0.6

2026-08-25 closing price basis: ranked #48 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-26B).

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-12.3%pt

Oct 24, 25 – Oct 21, 26StockTOPIX

MC → EV Bridge

AI Briefing

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

100%

EquityD/E 0.00xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 81.8%

as of 2026-03-31 · Source: Annual Securities Report

Zenji NAKAGAWA

34.05%

Etsuko NAKAGAWA

17.20%

Hikari Tsushin K.K. Investment Limited Partnership

6.55%

Yukiya Shoji Co., Ltd.

5.22%

Ryo NAKAGAWA

4.27%

Yu NAKAGAWA

4.27%

Ko UEHARA

3.17%

NIPPON PRIMEX INC. Employee Stock Ownership Association

2.98%

UH Partners 2 Investment Limited Partnership

2.16%

MUFG Bank, Ltd.

1.93%

Management

9 officers

Zenji NAKAGAWA

Representative Director, Chairman and President

Apr 1967 Joined Citizen Office Equipment Co., Ltd. (now Citizen Systems Japan Co., Ltd.) Apr 1986 General Manager, Systems Sales Department, Citizen Office Equipment Co., Ltd. Apr 1991 General Manager, Systems Sales Department, and President, CBM America Corporation Jun 1996 Director of the Company Oct 1997 Representative Director and Chairman of the Company (current) May 1999 Concurrently Representative Director and President of the Company (current)

1945-01-13

Akimitsu OTA

Director, Executive Officer, General Manager of Sales Division and General Manager of Special Sales Department

Apr 1974 Joined The Shoko Chukin Bank, Ltd. Apr 1983 Joined the Company Apr 1998 General Manager, Sales Department May 1999 Director, General Manager, Sales Department Apr 2001 Director, Executive Officer, General Manager of Sales Division and General Manager of Tokyo Sales Department Sep 2005 Director, Executive Officer, General Manager of Sales Division and General Manager of Special Sales Department (current)

1955-09-14

Hiroshi UCHIDA

Director, Executive Officer, Deputy General Manager of Sales Division and General Manager of Domestic Sales Coordination Department

Apr 1975 Joined Tokyo Daihatsu Motor Co., Ltd. (now Daihatsu Tokyo Sales Co., Ltd.) Jun 1982 Joined the Company May 1997 General Manager, Sales Department No. 2 Apr 1998 General Manager, Systems Sales Department Mar 2001 Director, General Manager, Systems Sales Department Apr 2001 Director, Executive Officer, Deputy General Manager of Domestic Sales Division and General Manager of Systems Sales Department Sep 2005 Director, Executive Officer, Deputy General Manager of Domestic Sales Division and General Manager of Tokyo Sales Department Apr 2017 Director, Executive Officer, Deputy General Manager of Domestic Sales Division and General Manager of Store Sales Department Apr 2025 Director, Executive Officer, Deputy General Manager of Sales Division and General Manager of Domestic Sales Coordination Department (current)

1956-07-22

Atsushi MAOKA

Director, Executive Officer, General Manager of Administration Division

Apr 1975 Joined Seiko Epson Corporation Jun 2004 Director, Epson Sales Japan Corporation Jun 2005 Managing Director, Epson Sales Japan Corporation; Head of CS/QA Center Nov 2010 Managing Director, Epson Sales Japan Corporation; General Manager of Business Promotion Division and Technology Promotion Division Feb 2012 Resigned from Seiko Epson Corporation and Epson Sales Japan Corporation Mar 2012 Joined the Company; General Manager of Administration Division, General Manager of Human Resources Department and General Affairs Department (current) Jun 2012 Director, Executive Officer, General Manager of Administration Division (current)

1952-02-17

Yuji YANAGISAWA

Director, Executive Officer, General Manager of Accounting Department

Apr 1975 Joined Tokyo Sogo Bank, Ltd. (now Tokyo Star Bank, Ltd.) Jun 2001 Resigned from Tokyo Sogo Bank, Ltd. Jun 2001 Joined the Company Jun 2011 General Manager, Accounting Department (current) Jul 2017 Appointed Executive Officer in charge of accounting (current) Jun 2022 Director, Executive Officer, General Manager of Accounting Department (current)

1951-08-28

Kenji OTSUKA

Director, Executive Officer

Apr 1986 Joined Seiko Denshi Kogyo K.K. (now Seiko Instruments Inc.) Apr 2016 Executive Officer, General Manager of Print Systems Business Division, Seiko Instruments Inc. Apr 2019 Executive Officer, General Manager of Printing Device Business Division, Seiko Instruments Inc. Jun 2020 Director, General Manager of Printing Device Business Division, Seiko Instruments Inc. Mar 2023 Resigned from Seiko Instruments Inc. Apr 2023 Joined the Company Jun 2023 Director, Executive Officer, General Manager of Market Development Planning Department Apr 2025 Director, Executive Officer, Deputy General Manager of Sales Division and General Manager of Market Development Planning Department (current)

1963-10-29

Yuji FUJIMOTO

Outside Director, Full-time Audit and Supervisory Committee Member

Apr 1986 Joined The Nippon Kogyo Bank, Ltd. (now Mizuho Bank, Ltd.) Sep 2014 Resigned from Mizuho Bank, Ltd. Oct 2014 Joined Nihon Shoken Technology Co., Ltd. Jun 2018 Director, Managing Executive Officer, Nihon Shoken Technology Co., Ltd. Mar 2023 Retired as Director, Nihon Shoken Technology Co., Ltd. Apr 2023 Senior Managing Executive Officer, Nihon Shoken Technology Co., Ltd. Mar 2024 Resigned from Nihon Shoken Technology Co., Ltd. Jun 2024 Director (Full-time Audit and Supervisory Committee Member) of the Company (current)

1963-08-14

Sadao TANAKA

Outside Director, Audit and Supervisory Committee Member

Apr 1972 Joined The Sanwa Bank, Ltd. (now MUFG Bank, Ltd.) Apr 1999 Seconded to Sanwa Research Institute Co., Ltd.; General Manager, SANMIC Business Division Jul 2003 Joined M.U. Frontier Credit Collection Co., Ltd.; Executive Officer, General Manager of Retail Business Department Jul 2010 Advisor, Osaka Loan Business Department, M.U. Frontier Credit Collection Co., Ltd. May 2015 Resigned from M.U. Frontier Credit Collection Co., Ltd. Jun 2015 Corporate Auditor of the Company Jun 2021 Director (Audit and Supervisory Committee Member) of the Company (current)

1948-05-11

Junichi KATO

Director, Audit and Supervisory Committee Member

Apr 1970 Joined Suwa Seikosha Co., Ltd. (now Seiko Epson Corporation) Dec 2005 Joined Nihon Printer Engineering Co., Ltd. Jun 2007 Director, Executive Officer, General Manager of Production Management Department, Nihon Printer Engineering Co., Ltd. Apr 2013 Director, Executive Officer, Plant Manager, Nihon Printer Engineering Co., Ltd. Jun 2015 Director of the Company Apr 2017 President, Nihon Printer Engineering Co., Ltd. Oct 2020 Resigned as Director of the Company and as President, Nihon Printer Engineering Co., Ltd. Nov 2023 Director (Audit and Supervisory Committee Member) of the Company (current)

1948-08-03

Large Shareholding Reports

Koutsushin Co., Ltd.

2025-09-26

7.13%→7.13%

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-08-07

Q1 Earnings Flash

FY ending Mar 2027

NIPPON PRIMEX INC.

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NIPPON PRIMEX INC.

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