Overview
Machinery

NITTOKU CO.,LTD.

NITTOKU is a leading manufacturer of FA coil winding machines, serving the electronic components, automotive, communications, audio-visual, office automation, home appliance, and precision equipment industries. The company also manufactures film/wire winding and transport equipment, assembly lines, and mechanical components/devices. In addition, NITTOKU produces and sells non-contact IC tags and cards, leveraging its core winding and wire-processing technologies.

Market Cap
¥43.3B
US$276M
EV
¥29.7B
US$189M
Stock¥2,566▼-1.72%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
4.6
x
LTM EV/EBIT
5.6
x
LTM PER
12.4
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-13.3%pt
1001234
Oct 23, 25 – Oct 23, 26StockTOPIX
1Nov 17, 25Interim earnings & dividend increase announcement
2Nov 25, 25Former Murakami Fund group (City Index Eleventh, Reno, Minamia… changed stake (6.48%→4.4%)
3Feb 18, 26Strong Q3 earnings results
4Aug 10, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
43.3BUS$276MMarket Cap8.16BUS$52.0M+ Debt18.3BUS$116M− Cash4.24BUS$27.0M− Inv. Sec.0.76BUS$4.81M+ NCI29.7BUS$189MEV
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Generating insights…
Performance & Balance
Revenue 5Y (¥B)
28.1US$179M'22/329.5US$188M'23/330.8US$196M'24/333.3US$212M'25/342.4US$270M'26/3
EBITDA 5Y (¥B)
3.92US$24.9M'22/33.96US$25.2M'23/35.10US$32.5M'24/32.33US$14.9M'25/36.67US$42.5M'26/3
Net Income 5Y (¥B)
2.31US$14.7M'22/32.22US$14.2M'23/32.74US$17.5M'24/31.31US$8.32M'25/33.44US$21.9M'26/3
Capital Structure
83%
EquityD/E 0.20xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
17.3US$110M'22/318.0US$114M'23/320.0US$127M1.98US$12.6M'24/317.9US$114M8.03US$51.1M'25/323.3US$149M8.76US$55.8M'26/3
Shareholders
Top 10 hold 33.2%
1
Tokyo Weld Co., Ltd.
5.30%
2
SMC CORPORATION
5.00%
3
Tanaka Denshi Kogyo Co., Ltd.
4.70%
4
Custody Bank of Japan, Ltd. (Trust Account)
3.20%
5
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
3.00%
6
Daikoku Electric Wire Co., Ltd.
2.70%
7
YASKAWA Electric Corporation
2.70%
8
NITTOKU Kyoeikai
2.40%
9
Nissei Electric Co., Ltd.
2.10%
10
BNP PARIBAS LUXEMBOURG/2S/JASDEC/FIM/LUXEMBOURG FUNDS/UCITS ASSETS (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
2.10%
Management
9 officers
Junto SASAZAWA
Representative Director, President and Executive Officer, CEO, Head of Sales Division
Apr 2001 Joined the Company Apr 2012 General Manager, Winding Division, Sales Division Apr 2013 General Manager, Core Tech Application Division, Sales Division Apr 2015 Executive Officer, General Manager, Core Tech Application Business Division Aug 2016 Executive Officer, General Manager, Core Tech Application Business Division; Head of Kyushu Sales Office, Domestic Sales Department, Sales Division Aug 2017 Executive Officer, General Manager, Core Tech Application Business Division; Head of Kyushu Sales Office, Domestic Sales Department, Sales Division Apr 2019 Executive Officer, Head of Core Tech Application Business Division Aug 2020 President, IMD Co., Ltd. Sep 2020 Executive Officer, Head of Core Tech Application Business Division; Assistant to Head of Global Sales Division Apr 2021 Managing Executive Officer, Head of Global Sales Division and Head of Core Tech Application Business Division Jun 2021 Director Jun 2023 Managing Director Apr 2024 Chairman, Taiwan Nittoku Advanced Co., Ltd.; Representative Director, President Jul 2024 Head of Sales Division (current) Apr 2025 Representative Director, President and Executive Officer (current)
1978-11-08
Morio SHIKAME
Director, Managing Executive Officer, Head of FA Business Division, Head of Coil Business Division
Mar 2000 Joined the Company Apr 2015 General Manager, Manufacturing Division Apr 2017 Assistant to Head of Coil Business Division Apr 2018 Deputy Head of Coil Business Division Apr 2019 General Manager, Precision FA Business Division; Deputy Head of Coil Business Division Jun 2021 Executive Officer, General Manager, FA Business Division; General Manager, Production Support Department Apr 2022 Executive Officer, General Manager, FA Business Division and Coil Business Division; General Manager, Production Support Department Apr 2023 Executive Officer, Head of FA Business Division; General Manager, Production Support Department Apr 2024 Managing Executive Officer, Head of FA Business Division; President, Astechnos Co., Ltd. Apr 2026 Director, Managing Executive Officer, Head of FA Business Division and Head of Coil Business Division (current)
1958-12-27
Masaru IINO
Director, Managing Executive Officer, Head of Administration Division
Apr 1992 Joined the Company Sep 2006 General Manager, Accounting Department, Administration Division Apr 2009 Director, Nittoku Machinery Engineering (Suzhou) Co., Ltd.; Director, Nittoku Machinery Engineering (Shenzhen) Co., Ltd.; Director, Nittoku Kosei Co., Ltd. Apr 2014 Auditor, Nittoku Kosei Co., Ltd.; Auditor, Nittoku Korea Co., Ltd.; Auditor, Nittoku Koide Co., Ltd. Apr 2015 Auditor, Nittoku Kosei Co., Ltd.; Auditor, Nittoku Korea Co., Ltd.; Auditor, Nittoku Koide Co., Ltd.; Auditor, Nittoku Machinery Engineering (Suzhou) Co., Ltd.; Auditor, Nittoku Machinery Engineering (Shenzhen) Co., Ltd. Apr 2018 General Manager, Management Planning Department, Administration Division Apr 2020 General Manager, General Affairs Department, Administration Division (current) Apr 2024 Director, Astechnos Co., Ltd.; Director, Taiwan Nittoku Advanced Co., Ltd. (current) Oct 2025 Executive Officer, Deputy Head of Administration Division and General Manager, Management Planning Office Mar 2026 Director, NITTOKU KYOTO Co., Ltd. (current) Jun 2026 Director, Managing Executive Officer, Head of Administration Division and General Manager, Management Planning Office (current)
1969-12-03
Toshizumi KATO
Director
Jun 1986 Joined Yamaha Motor Co., Ltd. Apr 2003 Vice President, IM Company, and General Manager, Sales Department, Yamaha Motor Co., Ltd. Jan 2005 President, Yamaha Motor Australia Pty. Limited Mar 2007 President, IM Company, Yamaha Motor Co., Ltd. Mar 2008 Executive Officer, President, IM Company, Yamaha Motor Co., Ltd. Jan 2010 Executive Officer, General Manager, Sales Division, MC Business Headquarters, Yamaha Motor Co., Ltd. Jan 2011 President, Yamaha Motor Corporation, U.S.A. Mar 2012 Senior Executive Officer, Yamaha Motor Co., Ltd. Mar 2014 Director, Senior Executive Officer, Yamaha Motor Co., Ltd. Jan 2015 Director, Senior Executive Officer, Head of Vehicle & Solutions Business Headquarters and General Manager, Financial Services Business Promotion Department, Yamaha Motor Co., Ltd. Jan 2016 Director, Senior Executive Officer, Head of Vehicle & Solutions Business Headquarters and in charge of Financial Services Business Promotion Department, Yamaha Motor Co., Ltd. Mar 2016 Director, Managing Executive Officer, Head of Vehicle & Solutions Business Headquarters, Yamaha Motor Co., Ltd. Jan 2018 Director, Managing Executive Officer, in charge of Solutions Area and Alliance Strategy, Yamaha Motor Co., Ltd. Jan 2019 Director, Managing Executive Officer, in charge of Solutions and Special Machinery Area and Alliance Strategy, Yamaha Motor Co., Ltd. Jul 2019 Director, Managing Executive Officer, in charge of Solutions and Special Machinery Area and Alliance Strategy, Yamaha Motor Co., Ltd.; Representative Director, Chairman, Yamaha Robotics Holdings Co., Ltd. Mar 2021 Director, Chairman, Yamaha Robotics Holdings Co., Ltd. Jun 2022 Director of the Company (current) Apr 2023 Robotics Business Advisor, Yamaha Motor Co., Ltd.
1958-03-24
Shigeyuki KAMITAKE
Standing Corporate Auditor
Aug 1990 Joined the Company Apr 1996 President, Nittoku Hong Kong Co., Ltd. Oct 2005 General Manager, Nittoku Machinery Engineering (Shenzhen) Co., Ltd. Apr 2011 General Manager, Overseas Sales Department and General Manager, Sales Administration Department, Sales Division Apr 2013 General Manager, Planning Department and General Manager, Sales Support Department, Sales Division Apr 2014 Head of Sales Division and General Manager, Sales Support Department; President, NITTOKU AMERICA INC. Apr 2015 Executive Officer, General Manager, Electronics Device Business Division Apr 2017 Managing Executive Officer, Head of Coil Business Division Apr 2018 Managing Executive Officer, Head of Coil Business Division and General Manager, European Sales Department, Sales Division Apr 2021 Executive Officer, Head of Coil Business Division and General Manager, Sales Department Apr 2022 General Manager, Procurement Department Jun 2025 Corporate Auditor of the Company (current)
1960-10-29
Joji HONDA
Director
Apr 1982 Joined Hitachi, Ltd. Apr 2011 General Manager, Production Management Department, Naka Production Division, Manufacturing Group, Hitachi High-Technologies Corporation (currently Hitachi High-Tech Corporation) Apr 2012 President, Hitachi High-Technologies Manufacturing & Service Corporation Apr 2013 Head of Naka Production Division, Manufacturing Group, Hitachi High-Technologies Corporation Apr 2014 Executive Officer, Responsible for Manufacturing and Quality Assurance; Head of Naka Production Division, Science & Medical Systems Business Group, Hitachi High-Technologies Corporation Apr 2016 Managing Executive Officer, Responsible for Manufacturing and Quality Assurance; Head of Manufacturing Strategy Division and Head of Naka Production Division, Science & Medical Systems Business Group, Hitachi High-Technologies Corporation Apr 2018 Managing Executive Officer, Responsible for Manufacturing and Quality Assurance; Head of Manufacturing Strategy Division, Hitachi High-Technologies Corporation Oct 2018 Managing Executive Officer, Responsible for Manufacturing and Quality Assurance; Head of Manufacturing Strategy Division and Head of DX Project Division, Hitachi High-Technologies Corporation Apr 2019 Senior Executive Officer, Responsible for Manufacturing and Quality Assurance; Deputy Head of Manufacturing Strategy Division and Deputy Head of DX Project Division, Hitachi High-Technologies Corporation; President and Director, Hitachi High-Tech Fine Systems Corporation Apr 2020 Representative Executive Officer, Executive Vice President, Export Control Officer and Deputy Head of DX Project Division, Hitachi High-Technologies Corporation Jul 2020 Representative Director, Executive Vice President, Export Control Officer and Deputy Head of DX Project Division, Hitachi High-Technologies Corporation Apr 2022 Corporate Advisor, in charge of DX, Hitachi High-Technologies Corporation Jun 2024 Director of the Company (current)
1958-02-16
Sachiyu NISHIE
Director
Nov 1991 Joined Nippon Sheet Glass Co., Ltd. Sep 2002 Seconded to NSG Vetrotex Co., Ltd. Apr 2017 General Manager, IR Department, Nippon Sheet Glass Co., Ltd. Dec 2020 General Manager, IR and Public Relations Department, Nippon Sheet Glass Co., Ltd. Oct 2021 Joined Tamura Corporation; General Manager, Corporate Governance Promotion Division Jul 2022 Executive Officer, General Manager, Corporate Governance Promotion Division; General Manager, Corporate Communications Department; Chief Manager, Sustainability Promotion Office Jul 2024 Senior Vice President, Chief Legal Officer, General Manager, Corporate Governance Promotion Division (current) Jun 2025 Director of the Company (current)
1964-09-13
Nobuhiko YASUHARA
Corporate Auditor
Apr 1982 Joined Kanto-Shinetsu Regional Taxation Bureau Jul 2015 Director, Kiryu Tax Office Jul 2017 Director, Shimodate Tax Office Jul 2018 Director, Asaka Tax Office Aug 2019 Registered Tax Accountant; Representative, Nobuhiko Yasuhara Tax Accountant Office (current) Jun 2023 Corporate Auditor of the Company (current)
1959-03-10
Saki ISETANI
Corporate Auditor
Dec 2008 Registered as Attorney-at-Law; joined Nagi & Kitazawa Law Office (current) Jun 2024 Corporate Auditor of the Company (current)
1982-08-01
Large Shareholding Reports
Grantham, Mayo, Van Otterloo & Co. LLC
2026-10-21
5.09%
Asset Management One Co., Ltd.
2026-02-20
4.62%→3.65%
Asset Management One Co., Ltd.
2025-12-22
5.14%→4.62%
Baillie Gifford & Co
2025-12-04
5.10%→3.90%
Aya NOMURA
2025-11-25
6.48%→4.40%
Aya NOMURA
2025-07-11
5.24%→6.48%
Aya NOMURA
2025-07-07
5.24%
―
2024-12-27
6.42%→4.99%
―
2024-09-17
5.15%→6.42%
―
2024-09-10
5.15%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-21
Large Shareholding Report
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-02-20
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-22
Large Shareholding Report
EDINET
2025-12-04
Large Shareholding Report
EDINET
2025-11-25
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-07-11
Large Shareholding Report
EDINET
2025-07-07
Large Shareholding Report
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-12-27
Large Shareholding Report
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2024-09-17
Large Shareholding Report
EDINET
2024-09-10
Large Shareholding Report
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
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
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
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