Overview
Wholesale Trade

NIPPO LTD.

Nippo Corporation is a specialized trading company and fabless manufacturer that supplies high-performance materials, processed components, jigs, and equipment to electronics and housing equipment manufacturers under its Electronics segment. Through its Mobility segment, the company manufactures and sells resin molded components and assemblies for automotive OEMs and Tier-1 suppliers both domestically and internationally. Its Medical & Precision Equipment segment provides resin molded parts and assemblies to medical device and printer manufacturers, supported by a network of 13 consolidated subsidiaries across domestic and overseas operations.

Market Cap
¥33.9B
US$216M
EV
¥30.5B
US$194M
Stock¥3,735▲+0.40%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
8.3
x
LTM EV/EBIT
14.4
x
LTM PER
23.5
x
LTM PBR
2.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+14.7%pt
10012345
Oct 23, 25 – Oct 23, 26StockTOPIX
1Dec 26, 25Axium Capital Pte. Ltd. changed stake (17.23%→17.66%)
2May 22, 26Axium Capital Pte. Ltd. changed stake (17.66%→18.04%)
3Jul 3, 26Axium Capital Pte. Ltd. changed stake (18.04%→17.0%)
4Jul 6, 26Axium Capital PTE Ltd filed change report (Jul 3, stake ratio change)
5Aug 7, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
33.9BUS$216MMarket Cap5.83BUS$37.1M+ Debt6.54BUS$41.6M− Cash2.73BUS$17.4M− Inv. Sec.0.00BUS$0.01M+ NCI30.5BUS$194MEV
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Performance & Balance
Revenue 5Y (¥B)
35.5US$226M'22/338.9US$248M'23/341.9US$267M'24/344.9US$286M'25/346.4US$295M'26/3
EBITDA 5Y (¥B)
2.57US$16.4M'22/33.15US$20.1M'23/33.36US$21.4M'24/33.51US$22.3M'25/3
Net Income 5Y (¥B)
1.03US$6.56M'22/31.27US$8.08M'23/31.46US$9.28M'24/31.40US$8.89M'25/31.44US$9.18M'26/3
Capital Structure
75%
25%
EquityD/E 0.34xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
6.22US$39.6M4.08US$26.0M'22/36.95US$44.2M3.71US$23.6M'23/38.32US$53.0M2.79US$17.8M'24/38.39US$53.4M2.80US$17.8M'25/38.99US$57.2M5.72US$36.4M'26/3
Shareholders
Top 10 hold 64.2%
1
FREESIA MACROSS CORPORATION
19.73%
2
BRIDGESTREAM LIMITED, AS TRUSTEE OFAXC STRATEGIC OPPORTUNITIES (Standing Proxy: Tachibana Securities Co., Ltd.)
12.40%
3
BBH FOR FIDELITY LOW-PRICED STOCK FUND (Standing Proxy: MUFG Bank, Ltd.)
6.64%
4
NIPPO LTD. Employee Stock Ownership Association
6.07%
5
Bridgestream Limited, as Trustee ofAXC Strategic Opportunities (Standing Proxy: Tachibana Securities Co., Ltd.)
5.68%
6
FUJIMI INCORPORATED
3.71%
7
Sumitomo Mitsui Banking Corporation
3.01%
8
Kisao TANAKA
2.53%
9
MUFG Bank, Ltd.
2.38%
10
Zenkei TANAKA
2.00%
Management
7 officers
Yasutomo IWASA
Representative Director, President
Apr 1981 Joined the Company Apr 1986 Appointed Manager, Mold Technology Section, Manufacturing Division Apr 2002 Appointed General Manager, Overseas Sales Department, Trading Division Sep 2008 Appointed Chairman, NIPPO (HONG KONG) LTD. Apr 2012 Appointed Operating Executive Officer (now Executive Officer) Apr 2013 Appointed General Manager, Greater China and Overseas Trading Jun 2013 Appointed Director Apr 2014 Appointed General Manager, Electronics Business Division Apr 2016 Appointed Representative Director, President (current) Jun 2019 Appointed Representative Director, President and General Manager, Mechatronics Division
1959-02-26
Atsushi NAKAMURA
Director, Head of Trading Division
Apr 1994 Joined the Company Apr 2011 Appointed Manager, Sales Section 1, Electronics Business Division Apr 2014 Appointed Deputy General Manager, Sales Department 2, Electronics Business Division Apr 2015 Appointed General Manager, Sales Department 2, Electronics Business Division Apr 2016 Appointed Executive Officer Apr 2016 Appointed General Manager, Electronics Business Division (now Trading Division) (current) Jun 2019 Appointed Director (current)
1969-11-10
Yuji OKAJIMA
Director, Head of Mechatronics Division
Apr 1991 Joined the Company Apr 2001 Appointed Manager, First Production Group, Ichinomiya Plant, Production Division Aug 2001 Appointed Plant Manager, Ichinomiya Plant, Production Division Apr 2011 Appointed General Manager, Quality Assurance Division Apr 2013 Appointed General Manager, Manufacturing Department, Manufacturing Control Division, Mechatronics Business Division Apr 2014 Appointed Deputy General Manager, Manufacturing Control Division, Mechatronics Business Division Apr 2016 Appointed President, NIPPO MECHATRONICS (THAILAND) CO., LTD. (current) Apr 2016 Appointed Executive Officer Jun 2019 Appointed Deputy Head, Mechatronics Division Apr 2021 Appointed Head, Mechatronics Division (current) Apr 2023 Appointed Chairman and President, FNA MECHATRONICS MEXICO S.A. DE C.V. Jun 2024 Appointed Director (current)
1972-12-08
Hirotsugu MIZUGUCHI
Director
Apr 1994 Joined the Company Apr 2004 Appointed Manager, Sales Section 4, Kansai Branch Apr 2011 Appointed Chief, Sales Section 1, Semiconductor and LCD Equipment Group, Electronics Business Division Apr 2014 Appointed Deputy General Manager, Sales Planning Department, Electronic Materials and Chemicals Sales Division, Electronics Business Division Apr 2016 Appointed Deputy General Manager, Corporate Planning Department, Corporate Division Apr 2017 Appointed General Manager, Corporate Planning Department, Corporate Division (current) Apr 2023 Appointed Executive Officer (current) Apr 2023 Appointed President, NIPPO GLOBAL MANAGEMENT CO., LTD. (current) Apr 2026 Appointed Deputy Head, Corporate Division (current)
Hiroyuki KAWABE
Full-time Audit and Supervisory Committee Member (Director)
Apr 1983 Joined the Company Apr 1996 Appointed Chief Manager, Development Technology Department 1, Production Division Apr 2001 Appointed Manager, Mold Technology Department Section 2, Production Division Aug 2001 Appointed General Manager, Market Planning and Development Department, Production Division Apr 2003 Appointed General Manager, NIPPO (HONG KONG) LTD. (stationed in Shenzhen) Apr 2011 Appointed Head, Precision Equipment Division Apr 2012 Appointed Operating Executive Officer (now Executive Officer) Jan 2014 Appointed President, NK MECHATRONICS CO., LTD. Apr 2017 Appointed Head of Inazawa Office, Corporate Division Jun 2022 Appointed Full-time Audit and Supervisory Committee Member (Director) (current)
1958-04-29
Tsutomu UMENO
Audit and Supervisory Committee Member (Director)
Sep 1976 Joined Honda Motor Co., Ltd. Sep 1995 Appointed Representative Director, President, Honda Australia Pty., Ltd. Jun 1998 Appointed General Manager, East Asia and Oceania Division, Honda Motor Co., Ltd. Apr 2000 Appointed Representative Director, Volkswagen Group Japan K.K. Jul 2001 Appointed President, Volkswagen Group Japan K.K.; appointed Member of Group Management, Volkswagen AG May 2005 Appointed Chairman, Japan Automobile Importers Association Feb 2008 Appointed Chairman, Volkswagen Group Japan K.K. Jul 2009 Appointed Managing Partner, M&C Saatchi K.K. Jun 2010 Appointed Outside Director, Mitsui Kinzoku ACT Corporation Jun 2015 Appointed Outside Director, Shimojima Co., Ltd. (current) Jun 2020 Appointed Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1951-03-06
Teiichi GAMO
Audit and Supervisory Committee Member (Director)
Apr 1975 Joined Nagoya National Tax Bureau Jul 2005 Appointed Deputy Director, Omori Tax Office Jul 2007 Appointed Deputy National Tax Adjudicator, Nagoya National Tax Tribunal Jul 2010 Appointed Chief, National Tax Public Relations and Information Office, General Affairs Department, Nagoya National Tax Bureau Jul 2011 Appointed Chief, Consumption Tax Section, Second Taxation Department, Nagoya National Tax Bureau Jul 2012 Appointed Director, Ise Tax Office Jul 2013 Appointed Chief, Corporate Taxation Section, Second Taxation Department, Nagoya National Tax Bureau Jul 2014 Appointed Chief, General Affairs Section, General Affairs Department, Nagoya National Tax Bureau Jul 2015 Appointed Deputy Director, General Affairs Department, Nagoya National Tax Bureau Jul 2016 Appointed Director, Collection Department, Nagoya National Tax Bureau Aug 2017 Registered as Certified Public Tax Accountant; opened Teiichi Gamo Tax Accountant Office and appointed Principal (current) Apr 2020 Appointed Outside Audit and Supervisory Board Member, Niwa Yu Co., Ltd. (current) Jun 2020 Appointed Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1957-03-31
Large Shareholding Reports
Axium Capital Pte. Ltd.
2026-09-03
17.00%→17.00%
Axium Capital Pte. Ltd.
2026-07-03
18.04%→17.00%
FMR LLC
2026-06-17
—
Fidelity Management & Research Company LLC
2026-06-17
8.23%
Fidelity Management & Research Company LLC
2026-06-17
9.79%→17.87%
Fidelity Management & Research Company LLC
2026-06-17
17.87%→9.54%
FMR LLC
2026-06-17
9.79%→17.87%
Axium Capital Pte. Ltd.
2026-05-22
17.66%→18.04%
Axium Capital Pte. Ltd.
2026-01-07
—
Axium Capital Pte. Ltd.
2026-01-07
—
Axium Capital Pte. Ltd.
2025-12-26
17.23%→17.66%
Axium Capital Pte. Ltd.
2025-09-18
16.09%→17.23%
Axium Capital Pte. Ltd.
2025-07-28
16.09%
Axium Capital Pte. Ltd.
2025-07-22
16.09%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-03
Large Shareholding Report
TDnet
2026-08-05
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-03
Large Shareholding Report
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-17
Large Shareholding Report
EDINET
2026-06-17
Large Shareholding Report
EDINETAmended
2026-06-17
Change Report
EDINET
2026-06-17
Large Shareholding Report
EDINET
2026-06-17
Large Shareholding Report
TDnet
2026-05-25
株主総会招集通知
EDINET
2026-05-22
Large Shareholding Report
TDnet
2026-02-04
Q3 Earnings Flash
FY ending Mar 2026
EDINETAmended
2026-01-07
Change Report
EDINETAmended
2026-01-07
Change Report
EDINET
2025-12-26
Large Shareholding Report
EDINET
2025-11-10
Semi-Annual Securities Report
Period: Apr 2025 – Sep 2025
EDINET
2025-09-18
Large Shareholding Report
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-07-28
Change Report
EDINET
2025-07-22
Large Shareholding Report
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-04
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-05
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2023-06-28
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
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