Overview
Precision Instruments

NAKANISHI INC.

NSK-Nakanishi is a manufacturer and distributor of dental medical devices, dental chairs, and industrial cutting/grinding instruments. Its product portfolio spans dental handpieces (treatment, laboratory, and surgical), sterilizers, dental chairs (via DCI International), surgical bone-cutting devices for neurosurgery and other surgical fields, and industrial hand grinders and machine-mounted spindles. The company serves dental professionals, surgical specialists, and industrial customers through a global sales network across the Americas, Europe, Asia-Pacific, and beyond.

Market Cap
¥232B
US$1.48B
EV
¥204B
US$1.30B
Stock¥1,395▲+0.14%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.7
x
LTM EV/EBIT
12.3
x
LTM PER
103.6
x
LTM PBR
1.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+7.5%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 25, 25Deteriorating investor sentiment
2Feb 13, 26Rise after earnings announcement
3Feb 16, 26Rise on positive factors
MC → EV Bridge
232BUS$1.48BMarket Cap33.9BUS$216M+ Debt56.4BUS$360M− Cash5.56BUS$35.5M− Inv. Sec.204BUS$1.30BEV
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Performance & Balance
Revenue 5Y (¥B)
44.9US$286M'21/1248.7US$310M'22/1259.7US$381M'23/1277.0US$491M'24/1281.2US$518M'25/12
EBITDA 5Y (¥B)
15.6US$99.2M'21/1217.4US$111M'22/1217.3US$110M'23/1218.8US$120M'24/1218.4US$118M'25/12
Net Income 5Y (¥B)
10.1US$64.4M'21/1212.5US$79.5M'22/1222.8US$146M'23/128.58US$54.7M'24/12-2.40-US$15.3M'25/12
Capital Structure
78%
22%
EquityD/E 0.28xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
44.7US$285M0.10US$0.64M'21/1241.8US$267M0.48US$3.07M'22/1238.2US$244M11.7US$74.4M'23/1251.9US$331M18.7US$119M'24/1266.3US$423M26.8US$171M'25/12
Shareholders
Top 10 hold 40.9%
1
Nakanishi E&N Co., Ltd.
5.45%
2
Chiyo NAKANISHI
5.25%
3
Custody Bank of Japan, Ltd. (Trust Account)
5.23%
4
NSK Nakanishi Foundation (Public Interest Incorporated Foundation)
4.48%
5
Morgan Stanley MUFG Securities Co., Ltd.
3.97%
6
Office Nakanishi Co., Ltd.
3.75%
7
Eiichi NAKANISHI
3.33%
8
Kensuke NAKANISHI
3.32%
9
The Master Trust Bank of Japan, Ltd. (Trust Account)
3.07%
10
THE CHASE MANHATTAN BANK, N.A. LONDONSECS LENDING OMNIBUS ACCOUNT (Standing Proxy: Mizuho Bank, Ltd.)
3.02%
Management
9 officers
Eiichi NAKANISHI
Representative Director, President and Executive Officer
Jul 1990 Joined the Company Oct 1993 Director, Executive Vice President of the Company May 2000 Representative Director, President of the Company Nov 2004 Representative Director, NSK EURO HOLDINGS S.A. (current) Mar 2010 Representative Director, President and Executive Officer of the Company (current)
1964-08-11
Kensuke NAKANISHI
Representative Director, Executive Vice President and Executive Officer
Jul 1989 Joined Copal Co., Ltd. (now Nidec Precision Corporation) Feb 1994 Joined the Company Apr 1994 Senior Managing Director of the Company Nov 2004 Director, NSK EURO HOLDINGS S.A. (current) Mar 2010 Representative Director, Executive Vice President and Executive Officer of the Company (current)
1965-11-26
Masataka SUZUKI
Director, Senior Managing Executive Officer
Apr 1973 Joined Olympus Corporation Apr 2002 Executive Officer, Olympus Corporation Apr 2005 President, Olympus Europa Holding GmbH Jun 2005 Director, Olympus Corporation Jun 2008 Senior Managing Executive Officer, Olympus Corporation Apr 2009 Chairman, Olympus (China) Co., Ltd. Apr 2011 Chairman and General Manager, Olympus Corporation of Asia Pacific Limited Jun 2012 General Manager, Global Management Strategy Office, the Company Apr 2014 Executive Officer; General Manager, East Asia and China Sales Division, Dental Overseas Sales Headquarters, the Company Jan 2015 Executive Officer; General Manager, Medical Division; General Manager, East Asia Sales Division, Dental Overseas Sales Headquarters, the Company Apr 2018 Executive Officer, in charge of Medical Business and Dental East Asia and Oceania Sales, the Company Mar 2020 Director, Senior Managing Executive Officer, in charge of Medical Business and Dental East Asia and Oceania Sales, the Company May 2022 Director, Senior Managing Executive Officer, in charge of Surgical Business and Dental East Asia and Oceania Sales, the Company (current)
1951-02-19
Yoshihiro MAKU
Audit & Supervisory Board Member (Part-time)
Apr 1973 Joined Nissan Motor Co., Ltd. Jul 1997 General Manager, Materials Research Laboratory, Nissan Motor Co., Ltd. Apr 2004 Director, Kanagawa Prefectural Industrial Technology Center Apr 2010 President, Kanagawa Science and Technology Academy Foundation Apr 2017 President, Kanagawa Institute of Industrial Science and Technology Apr 2019 Chief Coordinator, Kanagawa Institute of Industrial Science and Technology Mar 2020 Outside Audit & Supervisory Board Member, the Company (current) Apr 2020 Business Producer, Kanagawa Institute of Industrial Science and Technology Sep 2020 Auditor, Yokohama National University
1947-09-23
Yuji NONAGASE
Director
Sep 2005 Professor, Graduate School of Science and Engineering, Yamagata University Mar 2009 Outside Audit & Supervisory Board Member, the Company Mar 2014 Outside Director, the Company (current) Jun 2015 Outside Director, Kawakin Holdings Co., Ltd. (current) Apr 2016 Professor, Faculty of Economics, Setsunan University (current) Jun 2018 Chairman, Metropolitan Area Industrial Revitalization Association (current) Apr 2022 Director, Regional Research Institute, Setsunan University (current)
1961-06-24
Yukiko ARAKI
Director
Apr 1983 Joined Ministry of International Trade and Industry (now Ministry of Economy, Trade and Industry) Jun 1998 Director, Medical and Welfare Equipment Industry Office, Machinery and Information Industries Bureau, METI Apr 2001 Director, Commerce and Distribution Group Exposition Promotion Office, METI May 2003 Director, New Energy Division, Agency for Natural Resources and Energy, METI Jul 2006 Director, Tourism Economy Division, Policy Bureau, Ministry of Land, Infrastructure, Transport and Tourism Jul 2008 Vice Governor, Yamagata Prefecture May 2009 Director, Biochemical Industry Division, Manufacturing Industries Bureau, METI Aug 2011 Japanese Government Representative, 2012 Yeosu Expo Dec 2012 Joined Hitachi, Ltd.; General Manager, CSR Division, Legal and Communications Headquarters; Member, Global Environment Strategy Office Apr 2014 General Manager, CSR and Environmental Strategy Division, Hitachi, Ltd.; General Manager, Healthcare Business Division, Healthcare Company, Hitachi, Ltd. Apr 2015 Executive Officer, Hitachi, Ltd.; General Manager, CSR and Environmental Strategy Division, Legal and Communications Headquarters; General Manager, External Relations Division, Healthcare Company, Hitachi, Ltd. Apr 2018 Executive Officer, Hitachi, Ltd.; General Manager, Sustainability Promotion Division, Global External Relations Headquarters (current) Apr 2020 Member, Management Council, Nagaoka University of Technology (part-time) (current) Dec 2020 Outside Director, Fuji Pharma Co., Ltd. (current) Mar 2021 Outside Director, the Company (current) Apr 2021 Executive Officer, Hitachi, Ltd.; Deputy General Manager, Global External Relations Headquarters; President, Hitachi Europe Belgium Branch Jun 2022 Member, Board of Trustees, Japan Society for Assistive Technology Mar 2023 Outside Director, TOYO TIRE Corporation (current) Jun 2023 Director (part-time), International University of Japan (current) Jun 2023 Outside Director, Hirose Electric Co., Ltd. (current) Jun 2025 Outside Director, Integrated Culture Co., Ltd. (current)
1960-12-13
Chika SHIOMI
Director
Apr 1995 Joined Fuji Filter Manufacturing Co., Ltd. Mar 2001 Director, Fuji Filter Manufacturing Co., Ltd. Jun 2003 Managing Director, Fuji Filter Manufacturing Co., Ltd. Oct 2003 Vice President and Director, Fuji Filter Manufacturing Co., Ltd. Mar 2006 President and Representative Director, Fuji Filter Manufacturing Co., Ltd. (current) Sep 2014 Director, Japan Liquid Clarification Technology Industry Association (current) Nov 2019 Member, Transaction Issues Subcommittee, Subcommittee on Small and Medium Enterprise Management Support, Small and Medium Enterprise Policy Council Jun 2020 Member, System Design Working Group, Subcommittee on Basic Issues, Small and Medium Enterprise Policy Council Mar 2023 Outside Director, the Company (current) Apr 2023 Outside Director, Fast Beauty Inc. (current)
1972-06-17
Hitoshi HANDA
Full-time Audit & Supervisory Board Member
Apr 1990 Joined Nomura Securities Co., Ltd. Feb 2004 Joined the Company Apr 2008 General Manager, Corporate Planning Office, the Company Mar 2010 Executive Officer; General Manager, Corporate Planning Office, the Company Apr 2014 General Manager, President's Office, the Company Apr 2015 General Manager, President's Office and General Manager, Internal Audit Office, the Company Jun 2022 Joined Japanese Supplementary School in Singapore Mar 2025 Full-time Audit & Supervisory Board Member, the Company (current)
1968-01-09
Hironao YAZAKI
Audit & Supervisory Board Member (Part-time)
Apr 1985 Joined Bridgestone Corporation Oct 1993 Joined Ohta Showa Audit Corporation (now EY ShinNihon LLC) Apr 1997 Registered as Certified Public Accountant Jul 2006 Partner, EY ShinNihon LLC Jun 2024 Left EY ShinNihon LLC; Auditor, Mochida Memorial Foundation for Medical and Pharmaceutical Research (current) Jul 2024 Representative, Hironao Yazaki CPA Office (current) Mar 2026 Outside Audit & Supervisory Board Member, the Company (current)
1962-06-12
Large Shareholding Reports
NSK Nakanishi Foundation
2026-09-29
5.12%
Annual report (as of 2026-06-30): 4.48%
NSK Nakanishi Foundation
2026-09-28
5.12%
Annual report (as of 2026-06-30): 4.48%
Disclosures
No disclosures
Primary Source Filings
EDINETAmended
2026-09-29
Change Report
EDINET
2026-09-28
Large Shareholding Report
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-07
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-14
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-27
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-06
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-12
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-24
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-13
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-29
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
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
2022-08-10
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-31
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-05-10
Quarterly Securities Report
EDINET
2021-03-31
Annual Securities Report
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