Overview
Precision Instruments

NIKKISO CO.,LTD.

Nikkiso Co., Ltd. operates across two core segments: Industrial and Medical. The Industrial segment encompasses pump and system products (canned motor pumps, reciprocating pumps, cryogenic pumps and process plants for liquefied gas), precision instruments (water quality control systems for power plants, ceramic substrate manufacturing systems, sintering equipment), aerospace components (CFRP structural parts for commercial aircraft, eVTOL, and satellites), and deep UV LED products. The Medical segment offers hemodialysis equipment and consumables (dialyzers, dialysis machines, hollow-fiber filters), apheresis devices, microwave surgical energy devices, and healthcare UV sterilization products, serving hospitals and medical institutions domestically and internationally.

Market Cap
¥194B
US$1.24B
EV
¥240B
US$1.53B
Stock¥2,966▼-2.43%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.0
x
LTM EV/EBIT
12.9
x
LTM PER
11.4
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+69.1%pt
10012345
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 14, 25Q2 earnings miss expectations
2Feb 13, 26Strong Q3 earnings & FY guidance raise
3Feb 16, 26Continued buying after earnings beat
4Aug 14, 26H1 net profit +67.5% YoY; FY operating profit guidance raised ¥16.5bn→¥19.7bn
5Aug 17, 26Nikkiso H1 net profit +67.5% YoY, FY guidance raised; sharp pullback from 10-year high (¥4,530)
MC → EV Bridge
194BUS$1.24BMarket Cap113BUS$722M+ Debt38.0BUS$242M− Cash31.0BUS$198M− Inv. Sec.1.97BUS$12.5M+ NCI240BUS$1.53BEV
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Performance & Balance
Revenue 5Y (¥B)
168US$1.07B'21/12177US$1.13B'22/12193US$1.23B'23/12213US$1.36B'24/12216US$1.38B'25/12
EBITDA 5Y (¥B)
13.0US$82.8M'21/1244.0US$281M'22/1216.3US$104M'23/1217.6US$112M'24/1226.6US$169M'25/12
Net Income 5Y (¥B)
0.22US$1.41M'21/1213.6US$87.0M'22/129.07US$57.9M'23/127.96US$50.7M'24/1213.7US$87.1M'25/12
Capital Structure
60%
40%
EquityD/E 0.66xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
29.0US$185M139US$884M'21/1248.5US$309M83.7US$534M'22/1232.3US$206M76.4US$487M'23/1234.7US$221M107US$684M'24/1244.6US$284M110US$702M'25/12
Shareholders
Top 10 hold 39.6%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
11.31%
2
NIKKISO CO.,LTD. Stock Ownership Association
5.13%
3
Custody Bank of Japan, Ltd. (Trust Account)
4.81%
4
Mizuho Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
3.81%
5
NIKKISO CO.,LTD. Employee Stock Ownership Association
3.09%
6
Fukoku Mutual Life Insurance Company (Standing Proxy: Custody Bank of Japan, Ltd.)
2.59%
7
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
2.51%
8
MUFG Bank, Ltd.
2.47%
9
Akira KATAYAMA
1.98%
10
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
1.94%
Management
12 officers
Koichi KATO
Representative Director, President and Executive Officer
Apr 1995 Oct 2007 Feb 2010 Jul 2013 Apr 2014 Jul 2022 Mar 2023 Joined the Company; Corporate Planning Office Seconded to LEWA GmbH (Germany) General Manager, Business Transformation Promotion Office, Industrial Business Division Deputy General Manager, Industrial Business Division Executive Officer General Manager, Industrial Business Division Director (current) Feb 2024 Apr 2025 Managing Executive Officer Representative Director, President and Executive Officer (current)
1971-08-06
Yu YAMAMURA
Director, Managing Executive Officer; General Manager, Medical Division; General Manager, Medical Business Division; General Manager, Shizuoka Plant
Nov 1990 Apr 2017 Jan 2018 Mar 2019 Oct 2021 Joined the Company General Manager, Industrial Business Division Executive Officer Director (current) LEWA GmbH (Germany), CEO and Managing Director Jul 2022 General Manager, Medical Business Division (current) Feb 2024 Jan 2025 Managing Executive Officer (current) General Manager, Medical Division (current) General Manager, Shizuoka Plant (current)
1965-05-27
Kenji SAITO
Director, Managing Executive Officer; General Manager, Industrial Division; General Manager, Industrial Business Division
Apr 2013 Jul 2016 Nov 2020 Jan 2022 Mizuho Bank, Ltd., Paris Branch, Branch Manager Mizuho Bank Europe NV, President Joined the Company Executive Officer, Company; General Manager, Aerospace Business Division Mar 2022 Director (current) Jan 2025 Nikkiso Vietnam Inc. (Vietnam), Chairman Managing Executive Officer (current) General Manager, Industrial Division (current) General Manager, Industrial Business Division (current)
1964-08-24
Yoshihiko KINOSHITA
Director, Executive Officer; General Manager, Nikkiso Technical Research Institute; in charge of Quality Assurance
Apr 1989 Jan 2016 Jan 2017 Mar 2017 Oct 2017 Joined the Company General Manager, Medical Business Division Executive Officer (current) Director (current) Nikkiso Europe GmbH (Germany), CEO and Managing Director Jul 2022 In charge of Quality Assurance (current) Jan 2023 General Manager, Nikkiso Technical Research Institute (current)
1966-09-13
Masaharu MURAKAMI
Director, Executive Officer; General Manager, Corporate Division; General Manager, Corporate Headquarters
Apr 1993 Joined The Bank of Tokyo, Ltd. (now MUFG Bank, Ltd.) Jun 2022 Joined the Company; Deputy General Manager, Corporate Planning Headquarters Jan 2023 Executive Officer (current) General Manager, Corporate Planning Headquarters Jan 2025 to Mar 2026 General Manager, Corporate Division (current) General Manager, Corporate Headquarters (current) Director (current)
1969-07-04
Mitsuaki NAKAKUBO
Outside Director
Apr 1995 Registered as attorney (Daini Tokyo Bar Association) (present) Jan 2001 Partner, Asahi Law Offices (current) Jun 2015 Outside Audit & Supervisory Board Member, Company Jun 2017 Outside Audit & Supervisory Board Member, Nippon Kodo Holdings Co., Ltd. (current) Jun 2019 Outside Director, Fancl Corporation Mar 2021 Outside Director, Company (current)
1966-11-24
Atsuko KIKUCHI
Outside Director
Apr 1975 Apr 1996 Jan 2007 Apr 2008 Jan 2010 Jun 2012 Apr 2013 Joined National Personnel Authority Director-General, Training Department, National Personnel Authority Training Institute Director-General, National Personnel Authority Training Institute Secretary-General, National Personnel Authority Director-General, Human Resources Bureau, National Personnel Authority Auditor, Road Traffic Information and Communication System Center (Public Interest Incorporated Foundation) Representative Director, Public Service Human Resources Development Association (Public Interest Incorporated Association) Apr 2018 Director, University of Saitama (National University Corporation) Mar 2025 Outside Director, Company (current)
1951-10-14
Junko YAMAGUCHI
Outside Director
Apr 1979 Joined Nippon Telegraph and Telephone Public Corporation (now NTT, Inc.) Mar 1993 Jul 1999 Apr 2004 Apr 2007 Jun 2014 Head of Corporate Communications Sales, Omiya Branch General Manager, Consumer and Office Business Division, NTT Communications Corporation Head of Incubation Development Division, NTT Resonant Inc. Head of Information and Communications Research, Multimedia Promotion Center (Public Interest Incorporated Foundation) Full-time Audit & Supervisory Board Member, NTT East-Minami Kanto Jun 2019 Outside Director, Nippon Soda Co., Ltd. Jun 2024 Mar 2025 Outside Director, DOWA Holdings Co., Ltd. (current) Outside Director, Company (current)
1956-06-19
Hisanao AMINO
Full-time Audit & Supervisory Board Member
May 2010 Nov 2014 Jan 2016 Jun 2018 Jan 2020 Sep 2021 General Manager, Americas Integrated Risk Management Division, The Bank of Tokyo-Mitsubishi UFJ, Ltd. (now MUFG Bank, Ltd.) Joined the Company LEWA GmbH (Germany), CFO and Managing Director Director, Executive Vice President, Cryogenic Industries, Inc. (USA), Subsidiary Deputy General Manager, Medical Business Division CEO and Director, Nikkiso Medical America, Inc. (USA), Subsidiary Mar 2023 Full-time Audit & Supervisory Board Member, Company (current)
1961-11-17
Hiroaki ASAKURA
Full-time Audit & Supervisory Board Member
Apr 1985 Jul 2013 Jan 2016 Jul 2017 Mar 2021 Mar 2022 Jul 2022 Joined the Company General Manager, Human Resources Department, Administration Division General Manager, Industrial Business Division General Manager, Higashimurayama Works Full-time Audit & Supervisory Board Member, Company General Manager, Shanghai Nikkiso Non-Seal Pump Co., Ltd. (Subsidiary; seconded to China) Director and General Manager, same company (seconded to China) Jan 2024 Director and General Manager, Weigao Nikkiso (Weihai) Dialysis Equipment Co., Ltd. (Equity-method affiliate; seconded to China) Mar 2026 Full-time Audit & Supervisory Board Member, Company (current)
1962-07-29
Tadashi OGASAWARA
Outside Audit & Supervisory Board Member
Dec 1991 Aug 1992 Apr 2007 Oct 2008 Apr 2010 Jun 2016 Mar 2022 Jun 2022 Joined Taiyo Audit Corporation (now Taiyo LLC) Registered as Certified Public Accountant (present) Representative Partner, Taiyo ASG Audit Corporation (now Taiyo LLC) CEO, Avantia Audit Corporation (current) Audit & Supervisory Board Member, National Institution for Academic Degrees and University Evaluation (current) Outside Audit & Supervisory Board Member, Tsuzuki Denki Co., Ltd. Outside Director, TOPRE Corporation (current) Outside Audit & Supervisory Board Member, Company (current) Outside Director, Tsuzuki Denki Co., Ltd. (current)
1965-08-19
Eiichiro NAKATANI
Outside Audit & Supervisory Board Member
Apr 1984 Oct 1991 Jan 2002 Apr 2007 Apr 2015 Apr 2016 Apr 2022 Mar 2023 Registered as attorney (Dai-Ichi Tokyo Bar Association) (present) Joined Allen & Overy LLP (UK) Partner, Anderson Mori & Tomotsune (current) Part-time Lecturer, Waseda University Faculty of Law (International Tax Law) Outside Audit & Supervisory Board Member, CEC Co., Ltd. Member, Japanese Law Translation Promotion Council, Ministry of Justice (current) Outside Director (Audit and Supervisory Committee Member), CEC Co., Ltd. Outside Audit & Supervisory Board Member, Company (current)
1959-01-21
Large Shareholding Reports
MUFG Bank, Ltd.
2026-06-15
2.35%→2.35%
Mizuho Bank, Ltd.
2026-04-07
3.61%→3.61%
Mizuho Bank, Ltd.
2026-03-06
3.61%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-12-19
2.10%→2.01%
Mizuho Bank, Ltd.
2025-11-21
3.61%→3.61%
MUFG Bank, Ltd.
2025-09-30
2.35%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
2.62%→2.10%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-14
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
EDINET
2026-06-15
Large Shareholding Report
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-04-07
Large Shareholding Report
EDINET
2026-03-26
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-03-06
Large Shareholding Report
EDINET
2025-12-19
Large Shareholding Report
EDINET
2025-11-21
Large Shareholding Report
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-09-30
Large Shareholding Report
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-08-14
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-31
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-14
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINETAmended
2024-04-09
Amended Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2024-03-29
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-31
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-15
Quarterly Securities Report
EDINET
2022-05-16
Quarterly Securities Report
EDINET
2022-03-31
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
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