Overview
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NANKAI PLYWOOD CO.,LTD.

Nankai Plywood is a Takamatsu, Kagawa-based manufacturer of wood-based interior building materials, primarily focused on residential storage and interior finishing products. The company develops, manufactures, and sells a comprehensive range of storage systems (closets, shoe storage, kitchen cabinets, laundry room units), interior wall and ceiling materials, flooring, and sliding doors, primarily targeting housing manufacturers and construction companies across Japan. With over 80 years of experience, the company maintains a vertically integrated business model spanning raw material procurement, product planning, design, manufacturing, and sales.

Market Cap
¥6.93B
US$44.1M
EV
¥13.2B
US$84.1M
Stock¥1,430▼-0.76%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
4.0
x
LTM EV/EBIT
5.9
x
LTM PER
4.1
x
LTM PBR
0.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-26.0%pt
100123
Oct 23, 25 – Oct 23, 26StockTOPIX
1Nov 13, 25Rise from French business expansion expectations
2Jan 13, 26Rise from New Year selective buying
3Feb 16, 26Stock rise from French plywood business acquisition
MC → EV Bridge
6.93BUS$44.1MMarket Cap11.1BUS$70.5M+ Debt3.53BUS$22.5M− Cash1.58BUS$10.1M− Inv. Sec.0.33BUS$2.10M+ NCI13.2BUS$84.1MEV
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Performance & Balance
Revenue 5Y (¥B)
21.9US$140M'22/323.1US$147M'23/323.8US$151M'24/324.9US$159M'25/329.1US$186M'26/3
EBITDA 5Y (¥B)
2.71US$17.3M'22/31.54US$9.83M'23/31.60US$10.2M'24/31.79US$11.4M'25/33.11US$19.8M'26/3
Net Income 5Y (¥B)
1.41US$9.00M'22/31.59US$10.1M'23/30.95US$6.04M'24/30.10US$0.64M'25/31.83US$11.7M'26/3
Capital Structure
71%
29%
EquityD/E 0.41xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
3.88US$24.7M2.39US$15.2M'22/33.56US$22.7M5.67US$36.1M'23/34.36US$27.7M4.66US$29.7M'24/34.19US$26.7M4.21US$26.8M'25/35.33US$34.0M11.3US$72.1M'26/3
Shareholders
Top 10 hold 63.3%
1
Nankai Kosan Co., Ltd.
24.89%
2
Nankai Ikuei-kai Foundation (Public Interest Incorporated Foundation)
16.03%
3
The Hyakujushi Bank,Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
4.82%
4
Shigeru KOBAYASHI
3.12%
5
Monex, Inc.
2.97%
6
Shikoku Kogyo Co., Ltd.
2.53%
7
The Ehime Bank,Ltd.
2.50%
8
Toru MARUYAMA
2.48%
9
The Shoko Chukin Bank, Ltd.
2.06%
10
NANKAI PLYWOOD CO.,LTD. Employee Stock Ownership Association
1.92%
Management
8 officers
Toru MARUYAMA
Representative Director, President
May 1980 Joined Victor Company of Japan, Ltd. (JVC) Apr 1997 Joined the Company; Deputy General Manager, Administration Division Jun 1997 Director, Deputy General Manager, Administration Division Jul 1997 Director, Deputy General Manager, Administration Division; General Manager, Corporate Planning Office Jun 1999 Representative Director, Executive Vice President, General Manager, Administration Division Jun 2001 Representative Director, President (current) Jan 2014 Representative Director, President, NP ROLPIN SAS (current) Apr 2014 Representative Director, President, ROLKEM SAS (current)
1953-10-31
Hiroshi MARUYAMA
Director, in charge of Development Division
Apr 1993 Joined Sumitomo Forestry Co., Ltd. Jan 1996 Joined the Company Jul 1999 General Manager, Development Department, Development Division Apr 2002 Group Leader, Product Development Group Jun 2003 Director and Executive Officer, in charge of Product Development Apr 2006 Director and Executive Officer, General Manager, Product Development Division Apr 2009 Director and Executive Officer, in charge of Development Division (current)
1969-05-07
Takahito UKITA
Director, in charge of Special Demand Sales and Sales Promotion, Sales Division
Apr 1987 Joined the Company Apr 2002 Group Leader, No. 1 Sales Group, Special Demand Sales Group, Sales Division Apr 2006 Group Leader, Kinki Sales Group, Sales Coordination Group, Sales Division Apr 2008 Group Leader, Coordination Group, Sales Promotion Coordination Group, Sales Division Apr 2011 Group Manager, Sales Promotion Group, Sales Division Jun 2013 Executive Officer, in charge of Special Demand Sales and Sales Promotion, Sales Division (current) Jun 2016 Director and Executive Officer (current)
1963-07-24
Akira MARUYAMA
Director, in charge of Corporate Planning Office and New Business Development Sales, Sales Division
Apr 2015 Joined Yachiyo Engineering Co., Ltd. May 2020 Joined the Company; Human Resources and General Affairs Group Apr 2021 Management Administration Group Oct 2022 General Manager, Corporate Planning Office Jun 2023 Executive Officer, in charge of Corporate Planning Office Jun 2025 Director and Executive Officer, in charge of Corporate Planning Office and New Business Development Sales, Sales Division (current)
1989-11-21
Tsuyoshi MURATA
Director
Apr 1980 Finance Official, Takamatsu National Tax Bureau, Ministry of Finance Jul 1992 Senior National Tax Investigator, Takamatsu Tax Office Jul 2002 Assistant Section Chief, Corporation Tax Section, Takamatsu National Tax Bureau Aug 2005 Registered Certified Tax Accountant; opened Tsuyoshi Murata Tax Accountant Office (current) Sep 2005 Registered Administrative Scrivener Jun 2007 Audit & Supervisory Board Member, the Company Jun 2014 Director, the Company (current)
1957-03-07
Yasuhiro TAMAKI
Full-time Audit & Supervisory Board Member
Apr 1972 Joined the Company Apr 2006 Executive Officer, General Manager, Sales Coordination Group, Sales Division Jun 2008 Director and Executive Officer, in charge of Sales Division Jun 2014 Advisor to the Company Jun 2020 Full-time Audit & Supervisory Board Member (current)
1949-03-26
Tatsuo IWABE
Audit & Supervisory Board Member
Apr 1983 Joined Takashi Iwabe Certified Public Accountant Office Feb 1989 Registered Certified Tax Accountant; opened Tatsuo Iwabe Tax Accountant Office (current) Jun 2000 Audit & Supervisory Board Member, the Company (current) May 2006 Audit & Supervisory Board Member, Nanritsu Co., Ltd. (current)
1959-12-09
Yuji NAKANISHI
Audit & Supervisory Board Member
Apr 1984 Joined Takamatsu National Tax Bureau Jul 2018 Chief National Tax Investigator, Corporate Taxation and Other Departments, Kanonji Tax Office Jul 2019 Chief Senior Examiner attached to Chief National Tax Investigator, Investigation and Inspection Department, Takamatsu National Tax Bureau Jul 2022 Chief Senior Examiner attached to Special National Tax Investigator, Investigation and Inspection Department, Takamatsu National Tax Bureau Sep 2023 Joined Ohkawa Toshinori Tax Accountant Office (current) Jun 2024 Audit & Supervisory Board Member, the Company (current)
1965-08-14
Large Shareholding Reports
SBI Securities Co., Ltd.
2026-05-22
5.48%→2.94%
SBI Securities Co., Ltd.
2026-05-12
5.48%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-22
Large Shareholding Report
EDINET
2026-05-12
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
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
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
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
2021-08-12
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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