# NIC Autotec,Inc.: business model and financials

> Latest period: FY ending Mar 2026, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第55期(2025/04/01－2026/03/31) (S100YGNV)
> Page: https://vizora.meequs.com/en/company/nic-autotec
> Retrieved: 2026-09-30T18:33:09.277Z

## Company

NIC Autotec, founded in 1927, is a company in Robots & Factory Automation listed on TSE Standard. It has 189 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | NIC Autotec, Inc. |
| Ticker | 5742 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/5742.T) |
| Listing | TSE Standard |
| Head office | 東京都江東区有明3丁目7番26号 有明フロンティアビルB棟11階 |
| Representative (per filing) | 代表取締役会長兼社長CEO 西川浩司 |
| Founded | Apr 1927 |
| Share capital | ¥156.1M |
| Employees (consolidated) | 189 |
| Average salary (parent only) | ¥5M |
| Fiscal year end | March |
| Website | www.nic-inc.co.jp (https://www.nic-inc.co.jp/) |
| Corporate number | 2230001000412 |
| EDINET | E01331 |
| Industries (Vizora) | Robots & Factory Automation, Specialty Trading & Wholesale, Industrial Machinery |

> Profile source: annual securities report (S100YGNV, filed 2026-06-23). As of filing

## Five-axis industry profile

Primary industry: Industrial Machinery (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Profitability | 4.5 | 122 |
| Efficiency | 84 | 122 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- About 80% of NIC Autotec's sales come from Factory Automation Department, with Commercial trading department making up much of the rest.
- Operating profit was close to zero, a slight loss per ¥100 of sales.
- Revenue changed -5.1% from the prior year, operating profit -105.8%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥6.31B |  |
| Operating income | -¥13.5M | Margin -0.2% |
| Net income | ¥24.4M | Margin 0.4% |
| Free cash flow | ¥581.8M |  |
| Largest business | Factory Automation Department | of segment revenue 79.6% |
| Employees (consolidated) | 189 |  |
| EPS | ¥4.47 |  |
| Book value per share | ¥600.13 |  |
| Equity ratio | 54.8% |  |
| Shares outstanding | 5,500,000 |  |
| Treasury shares | 51,400 |  |
| Shareholders | 2,962 |  |
| Average salary (parent only) | ¥5M | Filing company only |
| Cash ratio | 5.5% | Cash ÷ revenue 5.2% |
| Vs. industry median margin | -12 pp | Robots & Factory Automation |
| ROE | 0.7% | Derived from disclosed figures |
| ROA | 0.4% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 25.1× net income
- FY2026, one segment accounts for 100% of positive segment profit
- FY2026, segment profit share differs by 80 points

## What changed in 4 years

Currency or consolidation scope differs; percentage changes are omitted.

| Metric | FY ending Mar 2022 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥7432884000 | ¥6305943000 | — |
| Operating income | ¥255700000 | ¥-13460000 | — |
| Operating margin | 3.4% | -0.2% | -3.7 pp |
| Employees | 242 people | 189 people | — |
| Cash and equivalents | ¥636690000 | ¥325632000 | — |

### Change in segment revenue mix

Span: FY ending Mar 2022 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| アルファフレーム部門 → 事業再編・廃止 | 65.1% |
| 商事部門 → 商事部門 | 20.4% |
| 商事部門 → 事業再編・廃止 | 0.7% |
| 装置部門 → 事業再編・廃止 | 13.8% |
| 新設・再編 → ＦＡ部門 | 79.6% |

Segment revenue source references: 5 (derived)

## Income statement（FY ending Mar 2026, non-consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 6,306 | 100.0% | S100YGNV |
| Cost of revenue | 5,024 | 79.7% | S100YGNV |
| Gross profit | 1,281 | 20.3% | S100YGNV |
| SG&A | 1,295 | 20.5% | S100YGNV |
| Operating income | -13 | -0.2% | S100YGNV |
| Ordinary income | 5 | 0.1% | S100YGNV |
| Pretax income | 5 | 0.1% | S100YGNV |
| Income tax | -19 | -0.3% | S100YGNV |
| Net income | 24 | 0.4% | S100YGNV |

## Per ¥100 of revenue（FY ending Mar 2026）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 80 |
| SG&A | 20 |
| Operating income | 0 |
| (Ref.) Net income | 0 |

### Margin funnel

Gross margin 20.3% → Operating margin -0.2% → Net margin 0.4%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Turned to a loss
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 6,647 | 6,306 | -341 | -5.1% |
| Gross profit | 1,433 | 1,281 | -151 | -10.6% |
| Operating income | 232 | -13 | -245 | -105.8% |
| Operating cash flow | 411 | 613 | 202 | +49.2% |
| Free cash flow | 404 | 582 | 178 | +44.0% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 6,615 | 192 | 2.9% | 100 | 390 | -123 | S100LMVM |
| FY ending Mar 2021 | 6,650 | 218 | 3.3% | 136 | 1,141 | 991 | S100O9OQ |
| FY ending Mar 2022 | 7,433 | 256 | 3.4% | 249 | -52 | -1,221 | S100R568 |
| FY ending Mar 2023 | 6,662 | -142 | -2.1% | -134 | 276 | — | S100TRNM |
| FY ending Mar 2023 | 6,662 | -123 | -1.8% | -134 | 276 | 133 | S100R568 |
| FY ending Mar 2024 | 4,853 | -478 | -9.9% | -600 | 313 | 212 | S100W2I4 |
| FY ending Mar 2025 | 6,647 | 232 | 3.5% | 212 | 411 | 404 | S100YGNV |
| FY ending Mar 2026 | 6,306 | -13 | -0.2% | 24 | 613 | 582 | S100YGNV |

## People and productivity（FY ending Mar 2026, non-consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥33.4M |
| Operating income per employee (consolidated) | -¥71.2K |
| Net income per employee (consolidated) | ¥129K |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2023 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 240 | 240 | 220 | 188 | 189 |
| Average salary (parent company) | — | ¥4.6M | ¥4.5M | ¥5M | ¥5M |
| Average age (parent company) | — | 38.7 years | 39.5 years | 40.6 years | 41.3 years |
| Average tenure (parent company) | — | 10.0 years | 11.0 years | 12.0 years | 12.0 years |

Year over year: Employees (consolidated) +0.5% · Revenue (consolidated) -5.1%

## Segments（FY ending Mar 2026, non-consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Factory Automation Department | 5,018 | 79.6% | -73 | -1.4% |
| Commercial trading department | 1,288 | 20.4% | 59 | 4.6% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Factory Automation Department | 79.6% | — | — | -1.4% |
| Commercial trading department | 20.4% | 100.0% | 79.6 | 4.6% |

Loss-making segment (excluded from profit shares): Factory Automation Department -73 JPY mn

Segment → industry: Factory Automation Department → Robots & Factory Automation / Commercial trading department → Specialty Trading & Wholesale / Factory Automation Department → Industrial Machinery

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, non-consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 613 | 9.7% | S100YGNV |
| Capital expenditure | 31 | 0.5% | S100YGNV |
| Free cash flow | 582 | 9.2% | 算出 |
| Investing cash flow | -36 | -0.6% | S100YGNV |
| Financing cash flow | -850 | -13.5% | S100YGNV |
| Dividends paid | 223 | 3.5% | S100YGNV |
| Change in cash | -273 | -4.3% | S100YGNV |
| Cash and equivalents | 326 | 5.2% | S100YGNV |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Mar 2023 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 357 | 444 | 403 | 599 | 326 | S100W2I4, S100R568, S100YGNV |
| Total assets | 7,941 | 7,941 | 6,954 | 7,370 | 5,970 | S100TRNM, S100R568, S100W2I4, S100YGNV |
| Net assets | 4,272 | 4,272 | 3,449 | 3,425 | 3,270 | S100W2I4, S100R568, S100YGNV |
| Share capital | 156 | 156 | 156 | 156 | 156 | S100TRNM, S100R568, S100W2I4, S100YGNV |
| Property, plant and equipment | 3,745 | 3,743 | 3,570 | 3,291 | 3,170 | S100TRNM, S100R568, S100W2I4, S100YGNV |
| Intangible assets excluding goodwill | 28 | 28 | 23 | 19 | 15 | S100TRNM, S100R568, S100W2I4, S100YGNV |
| Investment securities | 242 | 242 | 253 | 245 | 321 | S100TRNM, S100R568, S100W2I4, S100YGNV |
| Current assets | 3,634 | 3,718 | 3,053 | 3,747 | 2,395 | S100TRNM, S100R568, S100W2I4, S100YGNV |
| Current liabilities | 1,879 | 1,879 | 1,958 | 2,654 | 1,556 | S100TRNM, S100R568, S100W2I4, S100YGNV |
| Trade payables | — | 351 | — | — | — | S100R568 |
| Short-term borrowings | 150 | 150 | 350 | 600 | 200 | S100TRNM, S100R568, S100W2I4, S100YGNV |
| Long-term borrowings | 1,409 | 1,409 | 1,212 | 1,015 | 818 | S100TRNM, S100R568, S100W2I4, S100YGNV |
| Total liabilities | 3,669 | 3,669 | 3,505 | 3,945 | 2,700 | S100TRNM, S100R568, S100W2I4, S100YGNV |
| Non-controlling interests | — | 0 | — | — | — | S100R568 |
| Equity attributable to owners of parent | 4,231 | 4,212 | 3,408 | 3,397 | 3,198 | S100TRNM, S100R568, S100W2I4, S100YGNV |
| Retained earnings | 3,964 | 3,945 | 3,141 | 3,129 | 2,930 | S100TRNM, S100R568, S100W2I4, S100YGNV |
| Treasury stock | -35 | -35 | -35 | -35 | -35 | S100TRNM, S100R568, S100W2I4, S100YGNV |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 6% | S100YGNV |
| Property, plant and equipment | 53% | S100YGNV |
| Intangibles and goodwill | 0% | S100YGNV |
| Investment securities | 5% | S100YGNV |
| Other assets | 36% | S100YGNV |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 45% | S100YGNV |
| Equity | 55% | S100YGNV |

### Balance sheet history

| Metric | FY ending Mar 2023 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 7,941 | 7,941 | 6,954 | 7,370 | 5,970 |
| Equity | 4,272 | 4,272 | 3,449 | 3,425 | 3,270 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 357 | 444 | 403 | 599 | 326 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 50.3% | S100YGNV |
| Fixed assets ÷ total assets | 53.1% | S100YGNV |
| Goodwill ÷ parent equity | — | —, S100YGNV |

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 5.5% |
| Cash ÷ revenue | 5.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | — |
| Cash vs. profit gap | 588 JPY mn (of net income 2412.9%) |
| Shareholder returns / net income | — |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 914.5% |
| Shareholder payments — dividends / FCF | 38.3% |
| CapEx intensity (capex ÷ revenue) | 0.5% |
| Investing CF relative to operating CF | 5.8% |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2023 | — | —× | -1.7% | —× | — | S100YGNV, S100TRNM |
| 2023 | — | —× | -1.7% | —× | — | S100R568 |
| 2024 | — | —× | -8.6% | —× | — | S100W2I4 |
| 2025 | 3.2% | 0.93× | 3.0% | 2.10× | 6.2% | S100YGNV |
| 2026 | 0.4% | 0.95× | 0.4% | 2.02× | 0.7% | S100YGNV |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 西川 浩司 | Major shareholder | 68.0% | 2026-03-31 |
| エヌアイシ・オートテック従業員持株会 | Major shareholder | 1.9% | 2026-03-31 |
| 三協立山株式会社 | Major shareholder | 1.8% | 2026-03-31 |
| 近藤 雅介 | Major shareholder | 1.5% | 2026-03-31 |
| ダイドー株式会社 | Major shareholder | 1.3% | 2026-03-31 |
| 株式会社三井住友銀行 | Major shareholder | 0.9% | 2026-03-31 |
| 植田 敏子 | Major shareholder | 0.8% | 2026-03-31 |
| 水間 隆二 | Major shareholder | 0.7% | 2026-03-31 |
| 東レエンジニアリング株式会社 | Major shareholder | 0.5% | 2026-03-31 |
| 藤井 透 | Major shareholder | 0.4% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第55期(2025/04/01－2026/03/31) | S100YGNV | 2026-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YGNV,, |
| 有価証券報告書－第54期(2024/04/01－2025/03/31) | S100W2I4 | 2025-06-24 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100W2I4,, |
| 有価証券報告書－第53期(2023/04/01－2024/03/31) | S100TRNM | 2024-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TRNM,, |
| 有価証券報告書－第52期(2022/04/01－2023/03/31) | S100R568 | 2023-06-27 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R568,, |
| 有価証券報告書－第51期(令和3年4月1日－令和4年3月31日) | S100O9OQ | 2022-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100O9OQ,, |
| 有価証券報告書－第50期(令和2年4月1日－令和3年3月31日) | S100LMVM | 2021-06-29 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LMVM,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).