Overview
Transportation Equipment

NIPPON SEIKI CO.,LTD.

Nippon Seiki is a Japan-based manufacturer primarily engaged in the development and production of automotive instrument clusters, head-up displays (HUDs), and sensors for four-wheel, two-wheel, and general-purpose vehicles, as well as high-density EMS (Electronics Manufacturing Services) for automotive applications. The company also operates a consumer products segment producing OA/information equipment panels and HVAC controllers, a resin compound business, and an automotive retail segment through regional dealerships in Niigata. Its competitive strengths lie in advanced HUD technology that enhances driver safety, a vertically integrated global manufacturing network spanning Asia, Europe, and the Americas, and diversified revenue streams across automotive and consumer electronics.

Market Cap
¥134B
US$856M
EV
¥84.4B
US$539M
Stock¥2,335▼-1.48%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.3
x
LTM EV/EBIT
6.7
x
LTM PER
14.9
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+7.3%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 12, 25Strong Q3 results, dividend increase
MC → EV Bridge
134BUS$856MMarket Cap26.4BUS$168M+ Debt52.7BUS$336M− Cash25.6BUS$164M− Inv. Sec.2.24BUS$14.3M+ NCI84.4BUS$539MEV
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Performance & Balance
Revenue 5Y (¥B)
224US$1.43B'22/3276US$1.76B'23/3312US$1.99B'24/3316US$2.02B'25/3328US$2.09B'26/3
EBITDA 5Y (¥B)
7.64US$48.7M'22/315.0US$95.8M'23/321.4US$136M'24/322.6US$144M'25/325.3US$161M'26/3
Net Income 5Y (¥B)
-5.18-US$33.0M'22/31.38US$8.80M'23/35.30US$33.8M'24/36.12US$39.0M'25/38.22US$52.4M'26/3
Capital Structure
90%
EquityD/E 0.11xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
24.8US$158M75.1US$479M'22/330.0US$192M89.4US$570M'23/333.3US$212M31.6US$202M'24/335.3US$225M39.2US$250M'25/351.9US$331M32.8US$209M'26/3
Shareholders
Top 10 hold 34.2%
1
HONDA MOTOR CO.,LTD.
6.53%
2
ALPS ALPINE CO.,LTD.
5.21%
3
THE CHASE MANHATTAN BANK,N.A. LONDONSECS LENDING OMNIBUS ACCOUNT (Standing Proxy: Mizuho Bank, Ltd.)
3.97%
4
NIPPON SEIKI CO.,LTD. Employee Stock Ownership Association
3.09%
5
MUFG Bank, Ltd.
3.09%
6
Nichia Corporation
2.93%
7
The Daishi Hokuetsu Bank, Ltd.
2.72%
8
Custody Bank of Japan, Ltd.
2.64%
9
Yamaha Motor Co.,Ltd.
2.11%
10
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.94%
Management
10 officers
Koichi SATO
Representative Director, Chairman
Apr 1985 Joined the Company Apr 2006 Director and Executive Vice President, NS International Co. Jun 2011 Director of the Company Jun 2013 Managing Director of the Company Jun 2016 Director, Managing Executive Officer of the Company Apr 2017 Director, Senior Managing Executive Officer of the Company Jun 2017 Chairman, Danang Nippon Seiki Co. Jul 2017 Chairman of the Board, Nippon Seiki de Mexico Jun 2019 Representative Director, Senior Managing Director, Senior Managing Executive Officer of the Company Jun 2020 Representative Director, President and Executive Officer of the Company Jun 2025 Representative Director, Chairman of the Company Jun 2026 Director, Chairman of the Board of the Company (current)
1962-10-26
Keiichi NAGANO
Representative Director, President and Executive Officer
Apr 1989 Joined the Company Mar 2014 General Manager, Nippon Seiki Europe Apr 2020 Chairman, Danang Nippon Seiki Co. Jun 2020 Senior Executive Officer of the Company Jun 2021 Director, Senior Executive Officer of the Company Jun 2022 Director, Managing Executive Officer of the Company Jun 2023 Director, Senior Managing Executive Officer of the Company Jun 2024 Representative Director, Executive Vice President, Executive Vice President Executive Officer of the Company Apr 2025 In charge of 4-Wheel Business HQ, 2-Wheel and Sensor Business HQ, Component Business HQ, Vehicle Systems Design HQ and Business Management HQ Jun 2025 Representative Director, President and Executive Officer of the Company (current)
1965-07-05
Masahiro YOSHIHARA
Director, Executive Vice President Executive Officer; in charge of Global Quality Assurance HQ, Global Production HQ and Nagaoka Plant
Sep 1985 Joined the Company Oct 2016 General Manager, Shanghai Nippon Seiki Instrument Co. Apr 2022 Chairman, Shanghai Nippon Seiki Instrument Co. Apr 2022 Chairman, Nippon Seiki Instrument Wuhan Co. Apr 2022 Chairman, Nippon Seiki Instrument Technology (Shanghai) Co. May 2022 Chairman, Hong Kong Yichu Nippon Seiki Co. Jun 2022 Director, Senior Executive Officer of the Company Apr 2023 Chairman of the Board, Nippon Seiki de Mexico (current) Jun 2023 Director, Managing Executive Officer of the Company Apr 2024 In charge of Production Engineering HQ and Manufacturing HQ; region: North and Central America, South America Jun 2024 Director, Senior Managing Executive Officer of the Company Apr 2025 In charge of Global Quality Assurance HQ, Global Production HQ and Nagaoka Plant; region: Japan (Monozukuri) Apr 2026 Director, Executive Vice President Executive Officer of the Company Apr 2026 General Manager, Global Quality Assurance HQ; in charge of Global Quality Assurance HQ, Global Production HQ and Nagaoka Plant Apr 2026 In charge of Global Quality Assurance HQ, Global Production HQ and Nagaoka Plant (current) Jun 2026 Representative Director, Executive Vice President Executive Officer of the Company (current)
1964-03-11
Masatoshi HIGASHI
Director, Senior Managing Executive Officer; in charge of System Design HQ and Technology Development HQ; region: Japan (NS West Co., Ltd., Kyoei Engineering Co., Ltd.)
Apr 1984 Joined the Company Jun 2018 Senior Executive Officer of the Company Apr 2020 General Manager, Business Management HQ and Business Management Division; region: ASEAN Apr 2020 Chairman of the Board, Thai-Nippon Seiki Co. (current) Apr 2020 Chairman of the Members' Meeting, Vietnam Nippon Seiki Co. (current) Apr 2020 Chairman, Hong Kong Nippon Seiki Co., Ltd. Apr 2020 Chairman, Dongguan Nippon Seiki Electronics Co. May 2020 Chairman, Taiwan Nippon Seiki Instrument Co. Jun 2020 Director, Managing Executive Officer of the Company Apr 2025 In charge of Technology Development HQ and Global Purchasing HQ; region: India Jun 2025 Director, Senior Managing Executive Officer of the Company (current) Apr 2026 In charge of System Design HQ and Technology Development HQ; region: Japan (NS West Co., Ltd., Kyoei Engineering Co., Ltd.) (current)
1963-06-11
Satsuki SHIMADA
Director
Apr 1987 Joined Fujitsu Ltd. May 2013 Senior Manager, Quality Assurance Promotion Division, Platform Quality HQ, Fujitsu Ltd. Jun 2015 Executive Officer, General Manager, Group Business Promotion Office, General Manager, Assessment Business Division, and Senior Director, Platform Quality HQ, Fujitsu Ltd. at Fujitsu Quality Lab Ltd. (now Eurofins FQL Co., Ltd.) Jul 2021 Executive Officer, General Manager, Process Consulting Business Division, Eurofins FQL Co., Ltd. Feb 2024 Executive Officer in charge of Solution Business, Eurofins FQL Co., Ltd. (current) Jun 2024 Director of the Company (current)
1964-05-06
Yuji HIRATA
Director, Full-time Audit and Supervisory Committee Member
Apr 1984 Joined the Company Apr 2011 General Manager, Shanghai Nippon Seiki Instrument Co. Jun 2013 Director of the Company Oct 2016 Director, Managing Executive Officer of the Company Apr 2021 Director, Managing Executive Officer of the Company; in charge of Manufacturing HQ and Production Engineering HQ; concurrently Representative Director, President, NS Advantech Co., Ltd. Jun 2022 Director, Managing Executive Officer of the Company, resigned Jun 2022 Representative Director, President, SS Advantech Co., Ltd. May 2023 Director and Advisor, NS Advantech Co., Ltd.; concurrently General Manager, Resin Manufacturing HQ May 2025 Director and Advisor, NS Advantech Co., Ltd.; concurrently General Manager, Resin Manufacturing HQ, resigned May 2025 Advisor of the Company Jun 2025 Director, Full-time Audit and Supervisory Committee Member of the Company (current)
1961-10-23
Eiko TOYAMA
Director, Audit and Supervisory Committee Member (Outside Director)
Apr 2010 Professor, Graduate School of Business Creation, Niigata Sogo Gakuen Apr 2014 Vice President for Regional and International Affairs, Graduate School of Business Creation, Niigata Sogo Gakuen Jun 2018 Director of the Company Jun 2019 Director, Audit and Supervisory Committee Member of the Company (current) Apr 2025 Vice President (Regional, Industry-Government-Academia Collaboration and International Affairs), Graduate School of Business Creation, Niigata Sogo Gakuen May 2025 Outside Director, Audit and Supervisory Committee Member, Hellos Co., Ltd. (current) Apr 2026 Vice President (International Affairs and Industry-Government-Academia Collaboration), Kaishi Sozo University, Niigata Sogo Gakuen (current) Apr 2026 Professor, Graduate School, Kaishi Sozo University, Niigata Sogo Gakuen (current) May 2026 Outside Director, Audit and Supervisory Committee Member, Twinbird Corporation (current)
1963-10-31
Hokichi SUZUKI
Director, Audit and Supervisory Committee Member (Outside Director)
Apr 1975 Joined Sankyo Denki Co., Ltd. (now Sanden Corporation) Sep 2000 General Manager, Quality Division, Sankyo Denki Co., Ltd. Jun 2003 Director and Executive Officer, General Manager, Technology Division, Sankyo Denki Co., Ltd. Jun 2005 Director and Managing Executive Officer, General Manager, Technology Division, Sankyo Denki Co., Ltd. Jun 2007 Managing Director, in charge of Technology, IT and Corporate Planning, Sankyo Denki Co., Ltd. Jan 2014 Senior Executive Officer, General Manager, Technology Development HQ, Paramount Bed Co., Ltd. Jun 2019 Director, Audit and Supervisory Committee Member of the Company (current)
1952-04-20
Toshihiko ENOMOTO
Director, Audit and Supervisory Committee Member (Outside Director)
Apr 1985 Joined NSK Ltd. Jun 2008 General Manager, Consolidated Accounting Department, Finance HQ, NSK Ltd. Jun 2013 Executive Officer, Deputy General Manager, Finance HQ, NSK Ltd. Jun 2015 Managing Officer, General Manager, Management Audit Department, NSK Ltd. Jun 2016 Director, Audit Committee Member, NSK Ltd. Jun 2021 Managing Officer, NSK Ltd. Jun 2023 Director, Audit and Supervisory Committee Member of the Company (current)
1958-08-28
Satoshi YAMADA
Director, Audit and Supervisory Committee Member (Outside Director)
Oct 2005 Registered as an attorney-at-law Oct 2005 Joined Sakai & Saiki Law Office May 2009 Transferred to Asahi Niigata Law Office Apr 2011 Vice President, Niigata Bar Association Apr 2018 Civil Mediation Commissioner, Niigata District Court and Niigata Summary Court (current) Jan 2025 Judicial Commissioner, Niigata Summary Court (current) Jun 2025 Director, Audit and Supervisory Committee Member of the Company (current)
1974-09-10
Large Shareholding Reports
T. Rowe Price Japan, Inc.
2026-06-05
5.48%→4.00%
Honda Motor Co., Ltd.
2025-11-27
6.42%→6.64%
Annual report (as of 2026-03-31): 6.53%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-05
Large Shareholding Report
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-11-27
Change Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-07-31
Securities Registration Statement
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
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
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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