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Overview

Transportation Equipment

NISSAN SHATAI CO.,LTD.

Nissan Shatai is a major automotive manufacturer primarily engaged in the production and sale of passenger cars, commercial vehicles, and small buses for its parent company, Nissan Motor Co., Ltd. The company also manufactures body parts, vehicle bodies, and special-purpose vehicle conversions through its group subsidiaries. Its operations are deeply integrated within the Nissan supply chain, serving as a core vehicle assembly partner for the Nissan Group in Japan.

Activists: Effissimo Capital Management Pte. Ltd. 29.68%

Market Cap

¥114B

US$728M

¥50.1B

US$318M

Stock¥845▼-3.54%

US$1 = ¥157.25 (2026-10-30)

LTM EV/EBITDA

1.7

LTM EV/EBIT

2.9

LTM PER

12.7

LTM PBR

0.6

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-37.7%pt

Nov 4, 25 – Nov 2, 26StockTOPIX

MC → EV Bridge

AI Briefing

Dedicated Nissan body manufacturer, 50%-owned by Nissan, producing passenger cars, commercial vehicles and small buses as a core domestic assembly partner. FY26/3 revenue ¥404B with OP margin improving to 3.5% (¥14.2B), a sharp step-up from FY25/3's ¥5.1B (1.5%) and FY24/3's ¥1.0B. Net cash position (¥68.1B cash vs ¥4.0B debt) against ¥120B market cap reflects deep Nissan supply-chain integration rather than a standalone re-rating story.

Open NISSAN SHATAI CO., LTD. in the demo →Comps, DCF and WACC for this company. Free, no time limit.

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

98%

EquityD/E 0.02xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 88.8%

as of 2026-03-31 · Source: Annual Securities Report

NISSAN MOTOR CO.,LTD.

50.00%

ECM MF (Standing Proxy: Tachibana Securities Co., Ltd.)

22.59%

Goldman Sachs International (Standing Proxy: Goldman Sachs Securities Co., Ltd.)

4.59%

Intertrust Trustees (Cayman) Limited SOLELY IN ITS CAPACITY AS TRUSTEE OF JAPAN UP (Standing Proxy: Mizuho Bank, Ltd., Settlement Operations Department)

3.39%

The Master Trust Bank of Japan, Ltd. (Trust Account)

2.50%

Bank of New York GCM Client Account JPRD AC ISG FE-AC (Standing Proxy: MUFG Bank, Ltd.)

2.14%

NISSAN SHATAI CO.,LTD. Business Partners' Stock Ownership Association

1.76%

JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)

0.66%

STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)

0.62%

STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Mizuho Bank, Ltd.)

0.59%

Management

9 officers

Takashi TOMIYAMA

Representative Director, President

Apr 1985 Joined Nissan Motor Co., Ltd. Apr 2006 Manager, Vehicle Production Press Technology Department, Nissan Motor Co., Ltd. Apr 2010 Manager, New Vehicle Production Technology Department, Nissan Motor Co., Ltd. Apr 2012 General Manager, Engineering Department, Nissan Motor Kyushu Co., Ltd. Apr 2015 Plant Manager, Thai Nissan Motor Co., Ltd. Apr 2017 Alliance Global Director, Global Tooling Management Department, Vehicle Production Engineering Division, Nissan Motor Co., Ltd. Apr 2018 Alliance Global Director, Production Engineering R&D Center, Vehicle Production Engineering and Development Division, Nissan Motor Co., Ltd. Apr 2020 President, Nissan Motor Kyushu Co., Ltd. Apr 2024 Executive Vice President, Executive Officer, the Company Jun 2024 President and Executive Officer, the Company (current)

1962-11-12

Masayuki YABE

Director

Apr 1986 Joined Nissan Motor Co., Ltd. Apr 2006 Manager, Vehicle Development, No. 3 Vehicle Planning Department, Nissan Motor Co., Ltd. Apr 2008 Manager, Vehicle Project Purchasing Department, Joint Purchasing Division, Nissan Motor Co., Ltd. Apr 2012 Senior Vice President, Dongfeng Motor Co., Ltd. Apr 2015 Senior Vice President, Asia Pacific Nissan Motor Co., Ltd. Apr 2017 General Manager, No. 3 Product Development Department, No. 3 Product Development Division, Nissan Motor Co., Ltd. Apr 2018 General Manager, No. 2 Product Development Department, No. 2 Product Development Division, Nissan Motor Co., Ltd. Apr 2020 Managing Executive Officer, the Company Apr 2021 Senior Managing Executive Officer, the Company Jun 2021 Director and Senior Managing Executive Officer, the Company Apr 2026 Director, the Company (current)

1962-07-23

Takuya NAKAMURA

Director

Apr 1988 Joined Nissan Motor Co., Ltd. Apr 2011 Manager, Assembly Technology Section, Vehicle Engineering Department, Vehicle Production Engineering Division, Nissan Motor Co., Ltd. Apr 2013 General Manager, Vehicle Assembly Engineering Department, Vehicle Production Engineering Division, Nissan Motor Co., Ltd. Aug 2015 Alliance Global Director, No. 2 Vehicle Production Engineering, Nissan Motor Co., Ltd. Apr 2017 Executive Officer, General Manager, Tochigi Plant, Nissan Motor Co., Ltd. Apr 2021 Senior Managing Executive Officer, the Company Jun 2021 Director and Senior Managing Executive Officer, the Company Apr 2026 Director, the Company (current)

1962-07-06

Wataru SUZUKI

Director

Apr 1992 Joined the Company Apr 2013 Manager, Project Management Department, the Company Apr 2014 Senior Manager, Project Management Department, the Company Jan 2016 Manager, Purchasing Department, the Company Apr 2016 Manager, Vehicle Project Purchasing Department, Nissan Motor Co., Ltd. Apr 2019 Executive Officer, the Company Apr 2021 Managing Executive Officer, the Company Apr 2025 Senior Managing Executive Officer, the Company Jun 2025 Director and Senior Managing Executive Officer, the Company (current)

1968-02-23

Yasuyuki OHIRA

Director

Apr 1984 Joined Sapporo Breweries Ltd. (now Sapporo Holdings Ltd.) Mar 2006 General Manager, Engineering Department, Sapporo Breweries Ltd. (new company) Mar 2011 Executive Officer, Plant Manager, Chiba Plant, Sapporo Breweries Ltd. Sep 2012 Director and Executive Officer, General Manager, Management Strategy Division, Sapporo Breweries Ltd. Mar 2014 Director and Executive Officer, Sapporo Breweries Ltd. Mar 2016 Director and Managing Executive Officer, General Manager, R&D Division, Pokka Sapporo Food & Beverage Ltd. Mar 2017 Director and Managing Executive Officer, Pokka Sapporo Food & Beverage Ltd. Mar 2019 Director, General Manager, R&D Division, Sapporo Holdings Ltd. Mar 2020 Director, Sapporo Holdings Ltd. Mar 2022 Advisor, Sapporo Holdings Ltd. Jun 2022 Director, the Company (current)

1961-03-25

Hideaki SHINADA

Director

Apr 1980 Joined Ajinomoto Co., Inc. Jun 2002 Director, Ajinomoto Frozen Foods Co., Ltd. Jul 2004 General Manager, Kyushu Branch, Marketing Division, Seasonings & Foods Company, Ajinomoto Co., Inc. Jul 2006 General Manager, Processed Foods Department, Foods Company, Ajinomoto Co., Inc. Jun 2009 Executive Officer, Tokyo Branch Manager, Ajinomoto Co., Inc. Jun 2013 Director and Managing Executive Officer, General Manager, Food Business Division, Ajinomoto Co., Inc. Jun 2015 Director and Senior Managing Executive Officer, Ajinomoto Co., Inc. Jun 2016 President, Ajinomoto AGF Inc. Jun 2021 Retired Jun 2023 Director, the Company (current) Jun 2025 Outside Director, Matsukiyo Cocokara & Co. (current)

1956-06-12

Kiyoshi AOCHI

Full-time Audit & Supervisory Board Member

Apr 1982 Joined the Company Apr 2005 Head, Organizational Vitality Promotion Office, Management Planning Department, the Company Apr 2008 General Manager, Experimentation Department, the Company Apr 2010 General Manager, Vehicle Element Development Department, the Company Apr 2011 General Manager, General Affairs Department, the Company Apr 2013 Executive Officer, the Company Apr 2015 President, Autoworks Kyoto Co., Ltd. Jun 2022 Audit & Supervisory Board Member, the Company (current)

1960-03-24

Tomonori ITO

Audit & Supervisory Board Member

Apr 1986 Joined The Bank of Yokohama, Ltd. Apr 2008 General Manager, Loan Department No. 2, The Bank of Yokohama, Ltd. Apr 2009 Senior Manager in charge of Associations, Corporate Planning Department, The Bank of Yokohama, Ltd. Jun 2011 General Manager, Management Administration Department, The Bank of Yokohama, Ltd. May 2012 Executive Officer, The Bank of Yokohama, Ltd. Apr 2016 Managing Director, Yokohama Stadium Co., Ltd. Aug 2017 Advisor, Yokohama Credit Guarantee Co., Ltd. May 2018 Senior Managing Director, Kanagawa Keizai Doyukai (current) Jun 2019 Audit & Supervisory Board Member, JATCO Ltd. (current) Jun 2019 Alternate Audit & Supervisory Board Member, the Company Jun 2020 Alternate Audit & Supervisory Board Member, the Company Jun 2021 Audit & Supervisory Board Member, the Company (current)

1964-02-29

Nobutaka KANAJI

Audit & Supervisory Board Member

Apr 1983 Joined Sumitomo Corporation Oct 2007 General Manager, Net Business Division, Sumitomo Corporation Oct 2008 General Manager, Mobile & Internet Business Division, Sumitomo Corporation Jun 2013 Outside Director, T-Gaia Corporation Apr 2014 Director, Senior Vice President Executive Officer, T-Gaia Corporation Apr 2017 President, Representative Director, T-Gaia Corporation Apr 2022 Director, Chairman of the Board, T-Gaia Corporation Jun 2023 Audit & Supervisory Board Member, the Company (current) Feb 2024 Outside Director, LPIXEL Inc. (current)

1960-03-18

Large Shareholding Reports