Overview
Chemicals

NIX,INC.

NIKS Co., Ltd. is engaged in the planning, development, manufacturing, and sale of industrial plastic products, including high-performance plastic fasteners, precision functional components, and production equipment jig racks. The company serves a broad range of industries including automotive, electrical/electronics, OA equipment, housing equipment, and environmental sanitation, leveraging proprietary engineering plastic materials (NIXAM®) and advanced thin-wall molding technologies. Products are distributed both domestically through direct sales and specialized trading companies, and internationally through subsidiaries in North America, China, Hong Kong, and Thailand.

Market Cap
¥2.27B
US$14.4M
EV
¥-0.29B
-US$1.84M
Stock¥975▼-4.13%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
5.6
x
LTM PBR
0.5
x
2026-08-25 closing price basis: ranked #134 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-1B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-0.6%pt
100123
Oct 23, 25 – Oct 23, 26StockTOPIX
1Feb 17, 26Rise on activist intervention reports
2Mar 23, 26Decline on earnings downward revision
3Aug 10, 26Q3 FY2026/09 earnings announced
MC → EV Bridge
2.27BUS$14.4MMarket Cap0.11BUS$0.71M+ Debt2.34BUS$14.9M− Cash0.33BUS$2.08M− Inv. Sec.-0.29B-US$1.84MEV
AI Briefing
NIKS: 70+ year industrial plastics maker (NIXAM® materials, precision molding) serving auto, electronics, OA and housing markets via a global network spanning North America, China, Thailand. FY25/9 revenue ¥4.4B, OP ¥0.2B (4.8% margin) — flat, low-single-digit growth profile with thin margins unchanged over four years. Net cash position (EV ¥-0.2B vs Market Cap ¥2.3B) against ¥4.9B equity signals a cheap, overcapitalized micro-cap with concentrated founder/family and employee ownership.
Performance & Balance
Revenue 5Y (¥B)
4.07US$25.9M'21/94.47US$28.4M'22/94.52US$28.8M'23/94.39US$27.9M'24/94.40US$28.0M'25/9
EBITDA 5Y (¥B)
0.34US$2.16M'21/90.37US$2.38M'22/90.51US$3.27M'23/90.40US$2.56M'24/90.42US$2.67M'25/9
Net Income 5Y (¥B)
0.20US$1.25M'21/90.21US$1.36M'22/90.16US$0.99M'23/90.18US$1.16M'24/90.19US$1.24M'25/9
Capital Structure
98%
EquityD/E 0.02xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.77US$11.2M0.46US$2.91M'21/91.85US$11.8M0.37US$2.34M'22/91.86US$11.8M0.23US$1.44M'23/92.10US$13.3M0.25US$1.62M'24/92.17US$13.8M0.20US$1.28M'25/9
Shareholders
Top 10 hold 47.9%
1
SK Corporation Co., Ltd.
9.04%
2
NIX Employee Stock Ownership Association
7.54%
3
Mikio NAKAJIMA
6.01%
4
Kazuhide AOKI
5.36%
5
Hiroaki AOKI
4.30%
6
Tatsuya AOKI
3.87%
7
Toshiko NAKAJIMA
3.17%
8
Shinichi AOKI
2.96%
9
Tadamasa NAKAJIMA
2.83%
10
Kazunori NAKAJIMA
2.83%
Management
8 officers
Kazuhide AOKI
Representative Director, President
Apr 1998 Joined Taisho Pharmaceutical Co., Ltd. Apr 2002 Joined the Company; General Manager, Planning Office Oct 2003 Chairman, Hong Kong Nikko Co., Ltd. Nov 2003 Director, CMO (Chief Sales Officer) Nov 2003 Director, NIX OF AMERICA Oct 2008 Director and Vice President; General Manager, Business Strategy Division Jun 2011 Director, Shanghai Nikko International Trading Co., Ltd. Oct 2013 Representative Director, President (current)
1974-09-11
Ikuro IMIZU
Director, General Manager, Production Division
Apr 1985 Joined Nikko Kogyo Co., Ltd. (now the Company) Oct 2002 Vice President, Better Living Group (BLG) Oct 2007 Executive Officer; General Manager, Housing Equipment Business Division Oct 2010 Executive Officer; Deputy General Manager, Global Business Division Oct 2010 Chairman, Shanghai Nikko International Trading Co., Ltd. Oct 2012 Executive Officer; General Manager, Global Sales Division Dec 2013 Director and General Manager, Global Business Division Oct 2020 Director and General Manager, Global Supply Division Oct 2025 Director and General Manager, Production Division (current)
1962-10-23
Tatsuya AOKI
Director, General Manager, Administration Division
Apr 2002 Joined Fuchu City Hall Apr 2020 Joined Magio Net Tama Co., Ltd. Apr 2023 Joined the Company Oct 2023 Deputy General Manager, Global Administration Division Oct 2024 General Manager, Global Administration Division Dec 2024 Director and General Manager, Global Administration Division May 2025 Director, NIX OF AMERICA (current) Jun 2025 Supervisor, Zhuhai Lijian Precision Machinery Technology Co., Ltd. (current) Oct 2025 Director and General Manager, Administration Division (current) Oct 2025 Supervisor, Shanghai Nikko International Trading Co., Ltd. (current)
1977-08-27
Toshihiro TAMAI
Outside Director
Apr 1982 Joined Sumitomo Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Oct 2004 Manager, Kamata Corporate Banking Department, Sumitomo Mitsui Banking Corporation Apr 2013 Manager, Accounting Department, Max Guy Holdings Co., Ltd. Jan 2015 Chief Financial Officer (CFO) and General Manager, Overseas Promotion Office, Max Guy Holdings Co., Ltd. Oct 2015 Representative Director, President, MAXGUY (THAILAND) CO., LTD. (current) Dec 2016 Managing Member, LINKING BRIDGE JAPAN LLC (current) Dec 2017 Outside Director of the Company (current)
1960-01-09
Takahisa FUJITA
Outside Director
Apr 2006 Representative Director, Expert Link Co., Ltd. (current) Mar 2007 Outside Director, Gaiax Co., Ltd. (current) Sep 2017 Representative Director, M&A no Madoguchi Co., Ltd. (current) Oct 2020 Representative Director, Aji no Shobo Yugen Kaisha (current) Dec 2021 Outside Director of the Company (current)
1973-02-22
Hiroshi KAGAWA
Corporate Auditor
Apr 1978 Joined Fuji Sash Co., Ltd. Aug 2008 Joined Nikko Denki Kogyo Co., Ltd.; General Manager, Accounting Department Jun 2016 Joined the Company; General Manager, Accounting Department Dec 2020 Corporate Auditor of the Company (current)
1956-01-21
Hiroshi SHIDA
Corporate Auditor
Oct 1999 Joined Asahi Audit Corporation (now Azusa Audit LLC) Jul 2005 Opened Fujita CPA Office (now Shin CPA Office); Head of Office (current) Oct 2020 Outside Corporate Auditor, Pixel Companies Co., Ltd. Dec 2021 Outside Corporate Auditor of the Company (current) Oct 2022 Established Road & Sky Tax Accountant Corporation; Representative Member Mar 2025 Outside Director (Audit and Supervisory Committee Member), Pixel Companies Co., Ltd.
1969-10-01
Naohiko TAKAKU
Corporate Auditor
Apr 1995 Registered as attorney-at-law; joined Miyoshi Sogo Law Office Jan 2003 Established Takaku & Watanabe Law Office Feb 2011 Established Rights Law and Patent Office (current) Dec 2022 Outside Corporate Auditor of the Company (current)
1966-03-29
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-05-14
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
TDnet
2026-02-09
Q1 Earnings Flash
FY ending Sep 2026
EDINET
2025-12-22
Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-08-08
Q3 Earnings Flash
FY ending Sep 2025
EDINET
2025-05-14
Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-02-10
Q1 Earnings Flash
FY ending Sep 2025
EDINET
2024-12-23
Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-12-25
Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-09
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-19
Annual Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-02-09
Quarterly Securities Report
EDINET
2021-12-20
Annual Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-05-13
Quarterly Securities Report
EDINET
2021-02-09
Quarterly Securities Report
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