Overview
Metal Products

NIHON SEIKAN K.K.

Nippon Seikan is a manufacturer and seller of metal cans, specializing in 18-liter (18L) steel cans, with operations spanning both the Kanto and Kansai regions of Japan. The company also engages in real estate leasing as a secondary business. Its subsidiary, Shinsei Seikan Co., Ltd., serves as a dedicated 18L can manufacturer in the Kansai region, while Nippon Seikan conducts OEM production for Shinsei Seikan in the Kanto region. Primary raw materials are sourced from Itochu Marubeni Steel Co., Ltd., a major shareholder and related party.

Market Cap
¥1.87B
US$11.9M
EV
¥1.58B
US$10.1M
Stock¥1,383▼-1.14%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.2
x
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-16.8%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
1.87BUS$11.9MMarket Cap2.86BUS$18.2M+ Debt2.00BUS$12.8M− Cash2.12BUS$13.5M− Inv. Sec.0.98BUS$6.26M+ NCI1.58BUS$10.1MEV
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Performance & Balance
Revenue 5Y (¥B)
10.5US$66.8M'22/310.9US$69.6M'23/312.2US$78.1M'24/311.3US$71.8M'25/311.4US$73.0M'26/3
EBITDA 5Y (¥B)
0.63US$4.05M'22/30.73US$4.64M'23/30.71US$4.54M'24/3-0.13-US$0.84M'25/30.07US$0.47M'26/3
Net Income 5Y (¥B)
0.24US$1.51M'22/30.29US$1.84M'23/30.27US$1.73M'24/3-0.34-US$2.14M'25/3-0.35-US$2.21M'26/3
Capital Structure
58%
42%
EquityD/E 0.71xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
3.58US$22.8M2.89US$18.4M'22/33.49US$22.2M2.85US$18.2M'23/33.36US$21.4M3.23US$20.6M'24/33.57US$22.7M3.11US$19.8M'25/33.69US$23.6M3.12US$19.9M'26/3
Shareholders
Top 10 hold 56.8%
1
Marubeni-Itochu Steel Inc.
11.53%
2
Mimik Co., Ltd.
9.72%
3
NIPPON STEEL CORPORATION
7.76%
4
Business Partners' Stock Ownership Association
6.83%
5
Keitaro BABA
4.34%
6
Mana NAGAMINE
3.86%
7
MATSUI SECURITIES CO.,LTD.
3.64%
8
Chuo Building Co., Ltd.
3.41%
9
Yoshikazu MAEDA
2.99%
10
Mizuho Bank, Ltd.
2.71%
Management
8 officers
Fumitaka NISHIO
Representative Director, President
Apr 1983 Joined ITOCHU Corporation Apr 2012 General Manager, Special Plate Department, Itochu Marubeni Steel Corporation Jun 2013 Outside Corporate Auditor (part-time), the Company Apr 2014 Resigned as Outside Corporate Auditor, the Company Apr 2014 General Manager, Europe-Africa, and President, Itochu Marubeni Steel Europe Company Jun 2020 Full-time Corporate Auditor, ITOCHU Marubeni Sumitomo Techno-Steel Corporation Apr 2021 Director and Managing Executive Officer, ITOCHU Marubeni Sumitomo Techno-Steel Corporation Apr 2022 Director and Senior Managing Executive Officer, ITOCHU Marubeni Sumitomo Techno-Steel Corporation Apr 2024 Advisor, the Company Jun 2024 Representative Director, President, the Company (current) Director, Shinsei Can Co., Ltd. Oct 2024 Director and CEO, Shinsei Can Co., Ltd. (current)
1960-07-10
Toshiyuki HIJIKATA
Senior Managing Director
Apr 1985 Joined Fuji Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2010 Branch Manager, Nagoya Branch, Mizuho Bank, Ltd. May 2010 Outside Director, Nagoya Hilton Co., Ltd. May 2012 Counselor, Mizuho Corporate Bank, Ltd. (now Mizuho Bank, Ltd.) Oct 2012 General Manager, Compliance Division, JACCS Co., Ltd. Jun 2013 Corporate Auditor (part-time), JACCS Debt Collection Service Co., Ltd. Apr 2014 Executive Officer and General Manager, Compliance Division, JACCS Co., Ltd. Apr 2018 Managing Officer and General Manager, Audit Office, JACCS Co., Ltd. Jun 2020 Full-time Corporate Auditor, the Company Sep 2023 Outside Corporate Auditor (part-time), Credit Engine Group Co., Ltd. (now Credit Engine Co., Ltd.) Jun 2025 Senior Managing Director, the Company (current)
1962-09-03
Sayoko MIYAIRI
Director
Apr 1979 Joined Hitachi, Ltd. Jul 1982 Joined Bank of America Asia Headquarters Mar 1986 Joined Pasona Inc.; seconded to Scholar Consult Co., Ltd. Apr 2000 Partner, Scholar Consult Co., Ltd. (current) Apr 2000 Associate Professor, Nihonbashi Gakkan University (now Kaichi International University) Jan 2005 Director, Scholar Consult Co., Ltd. Apr 2008 Professor, Kaichi International University Mar 2019 Outside Director, KH Neochem Co., Ltd. (current) Aug 2020 Outside Director, Toyo Engineering Corporation (current) Apr 2022 Professor Emeritus and Visiting Professor, Kaichi International University (current) Jun 2022 Outside Director, the Company (current)
1956-11-12
Toshiyuki SEKINE
Corporate Auditor
Apr 2001 Joined Sekine Hidehide Tax Accountant Office Feb 2011 Registered as Certified Public Tax Accountant May 2011 Registered as Licensed Administrative Scrivener Dec 2015 Founding Representative Member and Deputy Director, Sekine Accounting Tax Corporation (current) Jun 2022 Outside Corporate Auditor (part-time), the Company (current)
1977-05-12
Tatsuhiko TOSHITA
Director
Apr 1980 Joined ITOCHU Corporation Apr 2010 Executive Officer and General Manager, Second Steel Products Division, Itochu Marubeni Steel Corporation Apr 2013 Director and Managing Executive Officer, Itochu Marubeni Steel Corporation Jun 2013 Director, the Company Jun 2015 Retired as Director, the Company Apr 2016 Director and Senior Managing Executive Officer, Itochu Marubeni Steel Corporation Apr 2017 Representative Director and Executive Vice President, Itochu Marubeni Steel Corporation Apr 2020 Representative Director and President, Itochu Marubeni Steel Corporation Apr 2023 Senior Advisor, Itochu Marubeni Steel Corporation Mar 2024 Retired as Senior Advisor, Itochu Marubeni Steel Corporation Jun 2024 Outside Director, NTN Corporation (current) Outside Director, the Company (current)
1956-01-14
Toru KAKEGAWA
Director
Apr 1984 Joined ITOCHU Corporation Apr 2009 General Manager, Financial Markets Sales Department, ITOCHU Corporation Apr 2011 General Manager, Foreign Exchange and Securities Office, Treasury Department, ITOCHU Corporation Apr 2015 General Manager, Treasury Department, Itochu Marubeni Steel Corporation Apr 2021 Full-time Corporate Auditor, ITOCHU Marubeni Sumitomo Techno-Steel Corporation (retired) Jun 2024 Director (Audit and Supervisory Committee Member), Suncall Corporation (current) Jun 2026 Outside Director, the Company (current)
1961-06-26
Hiroshi KONDO
Full-time Corporate Auditor
Apr 1988 Joined Fuji Bank, Ltd. (now Mizuho Bank, Ltd.) May 2011 Branch Manager, Kaminarimon Branch, Mizuho Bank, Ltd. Oct 2014 Officer, Group Human Resources and Administration Department, Mizuho Financial Group, Inc.; General Manager, Occupational Sales Department, Mizuho Securities Co., Ltd. Apr 2016 Officer, Group Human Resources and Administration Department, Mizuho Financial Group, Inc.; General Manager, Life Planning Sales Department, Mizuho Securities Co., Ltd. Dec 2019 Counselor, Mukogaoka Branch, Mizuho Bank, Ltd.; seconded to St. Marianna University School of Medicine Apr 2020 Standing Director, St. Marianna University School of Medicine Jun 2025 Full-time Corporate Auditor, the Company (current)
1964-05-22
Yukimasa MIYASHITA
Corporate Auditor
Apr 1980 Joined Kobe Steel, Ltd. Apr 2004 General Manager, Wire Rod and Bar Sales Department, Steel Business Unit, Kobe Steel, Ltd. Apr 2018 Senior Managing Executive Officer, Head of Aluminum and Steel Business Unit; Member, Management Advisory Council, Kobe Steel, Ltd. Apr 2020 Senior Managing Executive Officer, Head of Materials Business Unit; Member, Management Advisory Council, Kobe Steel, Ltd. Apr 2021 Advisor, Kobe Steel, Ltd. Mar 2022 Retired from Kobe Steel, Ltd. Jun 2023 Outside Corporate Auditor (part-time), the Company (current)
1955-11-17
Large Shareholding Reports
Mimic Co., Ltd.
2026-09-08
10.59%→11.66%
Annual report (as of 2026-03-31): 9.72%
Mimic Co., Ltd.
2026-07-28
9.55%→10.59%
Annual report (as of 2026-03-31): 9.72%
Mimic Co., Ltd.
2026-04-08
8.48%→9.55%
Annual report (as of 2026-03-31): 9.72%
Mimic Co., Ltd.
2026-01-15
7.44%→8.48%
Annual report (as of 2026-03-31): 9.72%
Mimic Co., Ltd.
2025-07-29
6.04%→7.44%
Annual report (as of 2026-03-31): 9.72%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-08
Large Shareholding Report
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-28
Large Shareholding Report
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-04-08
Large Shareholding Report
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-15
Large Shareholding Report
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-07-29
Large Shareholding Report
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-01
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
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
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-09
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINETAmended
2022-01-27
Amended Quarterly Securities Report
EDINETAmended
2022-01-27
Amended Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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