Overview
Metal Products

NHK SPRING CO.,LTD.

NHK Spring (Nippatsu) is one of the world's leading comprehensive spring manufacturers, producing suspension springs, automotive seats and seat components, precision parts (including HDD suspension components and motor cores), and industrial equipment. The company serves primarily the automotive and electronics industries, supplying coil springs, stabilizers, torsion bars, and seat mechanisms to major OEMs globally. Its competitive strengths lie in deep materials and processing technology, a broad product portfolio spanning mechanical and electronic components, and a global manufacturing network across Asia, the Americas, and Europe.

Market Cap
¥626B
US$3.99B
EV
¥495B
US$3.15B
Stock¥3,088▼-4.04%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.2
x
LTM EV/EBIT
9.8
x
LTM PER
18.1
x
LTM PBR
1.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-13.9%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 7, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
626BUS$3.99BMarket Cap59.5BUS$379M+ Debt126BUS$803M− Cash79.6BUS$507M− Inv. Sec.15.0BUS$95.4M+ NCI495BUS$3.15BEV
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Performance & Balance
Revenue 5Y (¥B)
587US$3.74B'22/3693US$4.42B'23/3767US$4.89B'24/3802US$5.11B'25/3817US$5.21B'26/3
EBITDA 5Y (¥B)
49.7US$317M'22/357.7US$368M'23/363.3US$404M'24/381.5US$520M'25/376.2US$486M'26/3
Net Income 5Y (¥B)
32.0US$204M'22/321.5US$137M'23/339.2US$250M'24/348.2US$307M'25/327.9US$178M'26/3
Capital Structure
88%
EquityD/E 0.13xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
151US$962M50.5US$322M'22/3135US$862M50.5US$322M'23/3177US$1.13B47.4US$302M'24/3162US$1.03B71.8US$458M'25/3180US$1.14B64.3US$410M'26/3
Shareholders
Top 10 hold 52.4%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
12.02%
2
Mitsubishi UFJ Trust and Banking Corporation, Retirement Benefit Trust, Daido Steel Co., Ltd. Account (Joint Trustee: Japan Master Trust Bank, Ltd.)
11.00%
3
Custody Bank of Japan, Ltd. (Trust Account)
6.57%
4
Sojitz Corporation
6.48%
5
Mizuho Trust & Banking Co., Ltd. (Retirement Benefit Trust, Kobe Steel,Ltd. Account; Re-trustee: Custody Bank of Japan, Ltd.)
4.67%
6
Mizuho Trust & Banking Co., Ltd. (Retirement Benefit Trust, Mizuho Bank, Ltd. Account; Re-trustee: Custody Bank of Japan, Ltd.)
2.83%
7
The Bank of Yokohama, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
2.81%
8
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
2.39%
9
NHK SPRING CO., LTD. Employee Stock Ownership Association
2.13%
10
THE BANK OF NEW YORK, TREATY JASDEC ACCOUNT (Standing Proxy: MUFG Bank, Ltd.)
1.49%
Management
12 officers
Takashi KAYAMOTO
Representative Director, Chairman
Apr 1979 Joined the Company Jun 2010 Executive Officer Apr 2013 Managing Executive Officer Jun 2015 Director, Managing Executive Officer Apr 2016 Director, Senior Managing Executive Officer Apr 2017 Representative Director, President and Executive Officer Apr 2024 Representative Director, Chairman (current)
1956-02-05
Kazuhisa KAMIMURA
Representative Director, President and Executive Officer
Apr 1983 Joined the Company Apr 2014 Executive Officer Apr 2018 Managing Executive Officer Jun 2018 Director, Managing Executive Officer Apr 2022 Director, Senior Managing Executive Officer Apr 2024 Representative Director, President and Executive Officer (current)
1960-07-24
Noritoshi TAKAMURA
Representative Director, Executive Vice President and Executive Officer
Apr 1983 Joined the Company Apr 2014 Executive Officer Apr 2019 Managing Executive Officer Apr 2023 Senior Managing Executive Officer Apr 2025 Representative Director, Executive Vice President and Executive Officer (current)
1960-08-16
Masayuki HORIE
Representative Director, Executive Vice President and Executive Officer, General Manager of Purchasing Division
Apr 1986 Joined the Company Apr 2017 Executive Officer Apr 2021 Managing Executive Officer Apr 2024 Senior Managing Executive Officer Apr 2025 Representative Director, Executive Vice President and Executive Officer (current) Jun 2025 Non-executive Director, Takano Co., Ltd. (current)
1962-04-19
Shunsuke SASAKI
Director, Senior Managing Executive Officer, General Manager of Sales Division
Apr 1987 Joined the Company Apr 2018 Executive Officer Apr 2022 Managing Executive Officer Jun 2023 Director, Managing Executive Officer Apr 2026 Director, Senior Managing Executive Officer (current)
1964-10-02
Masakazu TOYODA
Full-time Audit & Supervisory Board Member
Apr 1982 Joined Dai-Ichi Kangyo Bank (currently Mizuho Bank) Jan 2013 Joined the Company Apr 2013 Director and Vice President, NHK International Co., Ltd. May 2017 General Manager, Corporate Planning Department, Corporate Planning and Administration Division Jun 2019 Full-time Audit & Supervisory Board Member (current)
1960-02-27
Naoya MIZUTANI
Full-time Audit & Supervisory Board Member
Sep 1990 Joined the Company Apr 2012 General Manager, Accounting Department Apr 2014 General Manager, Corporate Planning Department, Corporate Planning and Administration Division Apr 2018 General Manager, Internal Audit Department Jun 2024 Full-time Audit & Supervisory Board Member (current)
1965-03-29
Keiichiro SUE
Director
Apr 1984 Registered as attorney (Daiichi Tokyo Bar Association); joined Takai Nobuo Law Office Jan 1989 Joined Matsuo Sogo Law Office Oct 1995 Registered as attorney in New York State Jun 2003 Outside Audit & Supervisory Board Member, Nippon Signal Co., Ltd. Jun 2009 Partner Attorney, Breakmore Law Office (current) Jun 2012 Outside Audit & Supervisory Board Member, Fuji Telecom Co., Ltd. (current) Jun 2014 Outside Director, Metawater Co., Ltd.; Audit & Supervisory Board Member, the Company Jun 2015 Director, the Company (current)
1957-07-27
Hiromi TAMAKOSHI
Director
Oct 1987 Joined Chuo Accounting Office (audit corporation) Apr 1999 Registered as attorney (Kanagawa Bar Association); joined Kimura Ryoji Law Office Apr 2017 Auditor, Yokohama City University (public university corporation) Apr 2021 Director, the Company (current) Apr 2021 Opened Yokohama Nagomi Law Office (current)
1962-06-18
Reiko FURUKAWA
Director
Apr 1981 Joined Nihon Univac Co., Ltd. (currently BIPROGY Inc.) Apr 2005 Head of Service Department, Mechanical Solutions Business Division, Nihon Unisys Excelution Co., Ltd. (currently UEL Co., Ltd.) Apr 2007 Director, Industry Development Department, same company Apr 2009 Executive Officer, same company Apr 2011 General Manager, Outsourcing Planning Department, MBK Outsourcing Center, Uniadex, Ltd. Apr 2014 General Manager, Quality Assurance Department, same company Jul 2017 Full-time Audit & Supervisory Board Member, same company Jun 2022 Outside Director, Hanwa Co., Ltd. (current); Audit & Supervisory Board Member, the Company Jun 2024 Director, the Company (current)
1959-02-12
Ichiro EBIHARA
Audit & Supervisory Board Member
Sep 1985 Joined Tohmatsu & Aoki Audit Corporation (currently Deloitte Touche Tohmatsu LLC) Apr 1989 Registered as Certified Public Accountant Jul 2000 Partner, Tohmatsu Audit Corporation Oct 2013 Executive Officer in charge of finance and administration, Deloitte Touche Tohmatsu LLC Nov 2015 Group CFO, Deloitte Tohmatsu Group LLC Aug 2016 Representative Director, Deloitte Touche Tohmatsu Services Co., Ltd. Jun 2019 Representative, Ichiro Ebihara CPA Office (current) Jun 2020 Audit & Supervisory Board Member, the Company (current)
1959-04-24
Yuko YAMADA
Audit & Supervisory Board Member
Jul 1983 Joined Marubeni Corporation Apr 1988 Seconded to Marubeni U.K. Ltd. Apr 1995 Seconded to Marubeni America Corporation Oct 1999 Seconded to Koyo Kaiun Co., Ltd. (currently MMSL Japan Co., Ltd.) Apr 2005 General Manager, Accounting Department, Koyo Kaiun Co., Ltd. Nov 2006 Chief Auditor, Audit Department, Marubeni Corporation Apr 2007 Registered as Certified Public Accountant, Illinois Apr 2019 Full-time Audit & Supervisory Board Member, Marubeni Paper Pulp Sales Co., Ltd. (currently Marubeni Forestlinks Co., Ltd.) Jun 2024 Audit & Supervisory Board Member, the Company (current)
1961-01-16
Large Shareholding Reports
Asset Management One Co., Ltd.
2026-07-07
2.54%→3.16%
Nomura Asset Management Co., Ltd.
2025-12-19
4.91%
Silchester International Investors LLP
2024-10-30
6.07%→5.00%
Silchester International Investors LLP
2024-10-04
7.12%→6.07%
Silchester International Investors LLP
2024-09-20
8.18%→7.12%
Silchester International Investors LLP
2024-05-27
9.21%→8.18%
Silchester International Investors LLP
2024-03-05
10.23%→9.21%
Silchester International Investors LLP
2024-02-16
11.25%→10.23%
Silchester International Investors LLP
2022-11-11
10.23%→11.25%
Silchester International Investors LLP
2022-01-14
11.29%→10.23%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-07
Large Shareholding Report
EDINET
2026-06-17
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-19
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-06
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-08-06
Securities Registration Statement
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINETAmended
2025-01-15
Amended Securities Registration Statement
EDINETAmended
2024-11-14
Amended Securities Registration Statement
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2024-11-13
Amended Securities Registration Statement
EDINET
2024-10-30
Large Shareholding Report
EDINET
2024-10-04
Large Shareholding Report
EDINET
2024-09-20
Large Shareholding Report
TDnet
2024-08-07
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-08-07
Securities Registration Statement
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-05-27
Large Shareholding Report
EDINET
2024-03-05
Large Shareholding Report
EDINET
2024-02-16
Large Shareholding Report
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-11-11
Large Shareholding Report
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