Overview
Services

NISHIO HOLDINGS CO.,LTD.

Nishio Holdings is a holding company overseeing a group of 43 consolidated subsidiaries and 1 equity-method affiliate engaged primarily in the rental and sale of construction and facility work equipment (civil engineering and road machinery, aerial work platforms, building machinery, surveying instruments, etc.) and event-related equipment. The core operating subsidiary, Nishio Rent All Co., Ltd., serves construction, infrastructure, and event sectors across Japan, while overseas subsidiaries operate in Australia, Thailand, Malaysia, Vietnam, and Singapore. The Group also provides ancillary services including machinery operation, electrical facility construction, transportation, and construction systems development.

Market Cap
¥118B
US$749M
EV
¥156B
US$995M
Stock¥4,235▼-1.40%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
3.0
x
LTM EV/EBIT
8.5
x
LTM PER
10.8
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-29.0%pt
10012
Oct 23, 25 – Oct 23, 26StockTOPIX
1Jul 9, 26Symphony Financial Partners (Singapore) Pte. Ltd. changed stake (14.42%→13.37%)
2Oct 13, 26Symphony Financial Partners (Singapore) Pte. Ltd. changed stake (13.37%→12.33%)
MC → EV Bridge
118BUS$749MMarket Cap107BUS$683M+ Debt67.5BUS$430M− Cash2.29BUS$14.6M− Inv. Sec.1.14BUS$7.23M+ NCI156BUS$995MEV
AI Briefing
Japan's leading construction/facility equipment rental group (43 subsidiaries), expanding across APAC alongside core domestic rental operations. FY25/9 revenue ¥215B, OP ¥19.6B (9.1% margin) — steady top-line and margin progression over four years. Activist-linked shareholder base (SFP Value Realization Master Fund at 10.71%) alongside founder-family control; EV/EBITDA LTM ~3.0x looks undemanding versus margin trajectory.
Performance & Balance
Revenue 5Y (¥B)
162US$1.03B'21/9171US$1.09B'22/9186US$1.18B'23/9199US$1.27B'24/9215US$1.37B'25/9
EBITDA 5Y (¥B)
42.4US$270M'21/945.2US$288M'22/947.9US$305M'23/951.5US$328M'24/953.2US$339M'25/9
Net Income 5Y (¥B)
8.83US$56.2M'21/99.17US$58.4M'22/910.3US$65.5M'23/911.6US$73.9M'24/912.1US$77.1M'25/9
Capital Structure
57%
43%
EquityD/E 0.74xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
49.6US$316M87.6US$558M'21/949.8US$317M93.6US$596M'22/945.6US$290M92.2US$587M'23/952.6US$335M95.1US$605M'24/964.5US$411M96.3US$613M'25/9
Shareholders
Top 10 hold 56.0%
1
Sanko Kihan Co., Ltd.
11.02%
2
THE SFP VALUE REALIZATION MASTER FUND LTD. (Standing Proxy: Tachibana Securities Co., Ltd.)
10.71%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
10.34%
4
Koji NISHIO
4.73%
5
NISHIO HOLDINGS CO.,LTD. Employee Stock Ownership Association
4.34%
6
Custody Bank of Japan, Ltd. (Trust Account)
3.28%
7
NISHIO HOLDINGS CO.,LTD. Business Partners' Stock Ownership Association
3.17%
8
Rentall Scholarship Foundation (General Incorporated Foundation)
3.03%
9
JP MORGAN CHASE BANK385642 (Standing Proxy: Mizuho Bank, Ltd.)
2.80%
10
Tomoko HIURA
2.54%
Management
9 officers
Koji NISHIO
Representative Director, President
Apr 1985: Joined Komatsu Ltd. Jan 1987: Joined the Company Jun 1988: General Manager, Management Planning Office Dec 1988: Director May 1991: General Manager, Tokyo Branch Dec 1992: Managing Director Jun 1994 Jun 1999 Jun 2003: Representative Director, President Sakos Co., Ltd.: Director; Chairman of the Board of the same company (current) Oct 2022: Representative Director, President, Nishio Rent All Preparatory Co., Ltd. (now Nishio Rent All Co., Ltd.) (current)
1960-08-04
Yoshihiro TOMURA
Director, in charge of Special Assignments
Mar 1978: Joined the Company Sep 1996: General Manager, Chiba Sales Department Dec 1997: Director (current) Oct 1998: General Manager, Tokyo Branch Dec 2008: Managing Director Dec 2011 Apr 2023: Senior Managing Director, in charge of Special Assignments (current)
1955-07-12
Kazuo YOTSUMOTO
Director, in charge of Administration Division
Apr 1980: Joined the Company Oct 2004: General Manager, Accounting Department Oct 2016: General Manager, President's Office Dec 2016: Executive Officer Dec 2018: Director (current) Oct 2022 Apr 2023: Director, Nishio Rent All Preparatory Co., Ltd. (now Nishio Rent All Co., Ltd.) (current) In charge of Administration Division of the Company (current)
1959-06-08
Shinichi SEO
Director, in charge of Safety and Quality Division
Apr 1982: Joined Sakos Co., Ltd. Jun 2002: Director and General Manager, Tokyo Sales Department, the same company Dec 2005: Managing Director, the same company Dec 2009: Representative Director, President, the same company (current) Apr 2023: Director of the Company (current) In charge of Safety and Quality Division of the Company (current)
1959-03-08
Koichi MORITA
Full-time Corporate Auditor
Apr 1986: Joined the Company Oct 2001: Manager, Administration Section, Tokyo Sales Department Oct 2010: General Manager, Asset Management Division Dec 2022 Mar 2023: Corporate Auditor of the Company (current) Corporate Auditor, Nishio Rent All Preparatory Co., Ltd. (now Nishio Rent All Co., Ltd.) (current)
1965-04-13
Kumiyo NAKAKOJI
Director
Apr 1994: Visiting Associate Professor, Nara Institute of Science and Technology Jul 1995: Assistant Professor, Department of Computer Science, University of Colorado, USA Apr 2002: Specially Appointed Professor, Research Center for Advanced Science and Technology, The University of Tokyo Jun 2011: Director, SRA Advanced Technology Research Institute Jul 2013: Specially Appointed Professor, Center for the Promotion of Interdisciplinary Education and Research, Kyoto University Apr 2019: Professor, Faculty of Systems Information Science, Future University Hakodate (current) Apr 2023: Director of the Company (current) Jun 2025: Outside Director, AS ONE Corporation (current)
1963-06-15
Sayuri MITSUHASHI
Director
Apr 1991: Joined Ministry of Construction (now Ministry of Land, Infrastructure, Transport and Tourism) Jun 2011: Deputy Mayor, City of Ichihara Jul 2021: Director-General, Water Resources Department, Water Management and National Land Conservation Bureau, Ministry of Land, Infrastructure, Transport and Tourism; Director-General, Secretariat of the Headquarters for Water Cycle Policy, Cabinet Secretariat Oct 2022 Dec 2024: Senior Advisor, Japan Construction Information Center Foundation (current) Director of the Company (current)
1965-05-14
Sukeyasu SAKAGUCHI
Corporate Auditor
Apr 1995: Registered as Attorney-at-Law (Osaka Bar Association); joined Kyowa Sogo Law Office Apr 2000: Partner, Kyowa Sogo Law Office (current) Dec 2014: Corporate Auditor of the Company (current) Jun 2015: Outside Corporate Auditor, Kanetaka Corporation (current)
1963-01-18
Yutaka MASUDA
Corporate Auditor
Oct 1985: Joined Nissin Audit Corporation (now EY ShinNihon LLC) Aug 1989: Registered as Certified Public Accountant Aug 1997: Partner, Century Audit Corporation (now EY ShinNihon LLC) Jul 2022: Representative, Yutaka Masuda CPA Office (current) Sep 2022: Registered as Certified Tax Accountant Jul 2024: Representative Partner, Harvest Tax Corporation (current) Dec 2025: Corporate Auditor of the Company
1961-06-14
Large Shareholding Reports
Symphony Financial Partners (Singapore) Pte. Ltd.
2026-10-21
12.33%→10.95%
Symphony Financial Partners (Singapore) Pte. Ltd.
2026-10-13
13.37%→12.33%
Symphony Financial Partners (Singapore) Pte. Ltd.
2026-07-09
14.42%→13.37%
Symphony Financial Partners (Singapore) Pte. Ltd.
2025-10-17
14.46%→14.42%
Sanko Kihan Co., Ltd.
2025-09-30
0.00%→10.78%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Sanko Kihan Co., Ltd.
2025-09-30
10.78%→10.78%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Amova Asset Management Co., Ltd.
2025-09-19
2.73%→2.47%
Sanko Kihan Co., Ltd.
2025-08-28
10.78%→10.78%
Sanko Kihan Co., Ltd.
2025-08-28
0.00%→10.78%
Symphony Financial Partners (Singapore) Pte. Ltd.
2025-01-08
13.39%→14.46%
Symphony Financial Partners (Singapore) Pte. Ltd.
2024-08-15
12.30%→13.39%
Symphony Financial Partners (Singapore) Pte. Ltd.
2023-12-28
11.27%→12.30%
Symphony Financial Partners (Singapore) Pte. Ltd.
2023-04-19
12.29%→11.27%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-21
Large Shareholding Report
EDINET
2026-10-13
Large Shareholding Report
TDnet
2026-08-03
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-07-09
Large Shareholding Report
EDINET
2026-05-13
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
TDnet
2026-02-04
Q1 Earnings Flash
FY ending Sep 2026
EDINET
2025-12-18
Annual Securities Report
Period: Oct 2024 – Sep 2025
EDINET
2025-10-17
Large Shareholding Report
EDINETAmended
2025-09-30
Change Report
EDINETAmended
2025-09-30
Change Report
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-08-28
Large Shareholding Report
EDINET
2025-08-28
Large Shareholding Report
TDnet
2025-08-01
Q3 Earnings Flash
FY ending Sep 2025
EDINET
2025-05-12
Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-02-05
Q1 Earnings Flash
FY ending Sep 2025
EDINET
2025-01-08
Large Shareholding Report
EDINET
2024-12-20
Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINET
2024-08-15
Large Shareholding Report
EDINET
2024-05-10
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-12-28
Large Shareholding Report
EDINET
2023-12-21
Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINET
2023-08-07
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-11
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-04-19
Large Shareholding Report
EDINET
2023-02-08
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-21
Annual Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINET
2022-05-12
Quarterly Securities Report
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