Vizora日本語

Nitto SeikoNITTO SEIKO CO.,LTD.5957東証プライム金属製品FY ending Dec 2025, consolidated, J-GAAP

Nitto Seiko revenue and profit

Out of every ¥100 of sales, about ¥7 is left as operating profit. Revenue changed +6.7% from the prior year, operating profit +3.2%.

Five-year trend

Revenue¥50.2B
FY ending Dec 2021: ¥40.5B¥40.5BFY ending Dec 2022: ¥44B¥44BFY ending Dec 2023: ¥44.7B¥44.7BFY ending Dec 2024: ¥47.1B¥47.1BFY ending Dec 2025: ¥50.2B¥50.2BFY21FY22FY23FY24FY25
Operating income¥3.43B
FY ending Dec 2021: ¥3.25B¥3.25BFY ending Dec 2022: ¥2.93B¥2.93BFY ending Dec 2023: ¥2.61B¥2.61BFY ending Dec 2024: ¥3.33B¥3.33BFY ending Dec 2025: ¥3.43B¥3.43BFY21FY22FY23FY24FY25
Operating margin6.8%
FY ending Dec 2021: 8.0%8.0%FY ending Dec 2022: 6.7%6.7%FY ending Dec 2023: 5.8%5.8%FY ending Dec 2024: 7.1%7.1%FY ending Dec 2025: 6.8%6.8%FY21FY22FY23FY24FY25

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin4.3%
Asset turnover0.89×
ROA3.8%
ROA3.8%
Financial leverage1.70×
ROE6.5%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin4.3%
2021: 5.4%5.4%2022: 4.2%4.2%2023: 3.9%3.9%2024: 4.7%4.7%2025: 4.3%4.3%2122232425
Asset turnover0.89×
2021: 0.80×0.80×2022: 0.84×0.84×2023: 0.84×0.84×2024: 0.86×0.86×2025: 0.89×0.89×2122232425
ROA3.8%
2021: 4.3%4.3%2022: 3.5%3.5%2023: 3.2%3.2%2024: 4.0%4.0%2025: 3.8%3.8%2122232425
Financial leverage1.70×
2021: 1.74×1.74×2022: 1.75×1.75×2023: 1.73×1.73×2024: 1.71×1.71×2025: 1.70×1.70×2122232425
ROE6.5%
2021: 7.5%7.5%2022: 6.1%6.1%2023: 5.6%5.6%2024: 6.9%6.9%2025: 6.5%6.5%2122232425
PeriodNet marginAsset turnoverROAFinancial leverageROE
20215.4%0.80×4.3%1.74×7.5%
20224.2%0.84×3.5%1.75×6.1%
20233.9%0.84×3.2%1.73×5.6%
20244.7%0.86×4.0%1.71×6.9%
20254.3%0.89×3.8%1.70×6.5%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue31.2%
2020: 39.3%39.3%2021: 32.3%32.3%2022: 32.0%32.0%2023: 31.6%31.6%2024: 29.7%29.7%2025: 31.2%31.2%202122232425
PPE ÷ total assets27.2%
2020: 28.0%28.0%2021: 25.7%25.7%2022: 26.4%26.4%2023: 26.5%26.5%2024: 25.2%25.2%2025: 27.2%27.2%202122232425
Goodwill ÷ parent equity1.3%
2020: 2.4%2.4%2021: 1.9%1.9%2022: 1.5%1.5%2023: 1.3%1.3%2024: 1.0%1.0%2025: 1.3%1.3%202122232425
Goodwill balance¥453.9M
2020: ¥647.4M¥647.4M2021: ¥557.5M¥557.5M2022: ¥467.7M¥467.7M2023: ¥392.6M¥392.6M2024: ¥329.8M¥329.8M2025: ¥453.9M¥453.9M202122232425

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥845.5M
2020: ¥630.9M¥630.9M2021: ¥715.1M¥715.1M2022: ¥764.8M¥764.8M2023: ¥737.2M¥737.2M2024: ¥795.1M¥795.1M2025: ¥845.5M¥845.5M202122232425
R&D / revenue1.7%
2020: 1.9%1.9%2021: 1.8%1.8%2022: 1.7%1.7%2023: 1.6%1.6%2024: 1.7%1.7%2025: 1.7%1.7%202122232425
Receivable days59d
2020: 89d89d2021: 77d77d2022: 82d82d2023: 71d71d2024: 63d63d2025: 59d59d202122232425
Payable days36d
2020: 59d59d2021: 53d53d2022: 48d48d2023: 46d46d2024: 43d43d2025: 36d36d202122232425

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Revenue40,51944,02144,74447,07050,238
Cost of revenue30,23333,64434,56135,82938,193
Gross profit10,28510,37710,18311,24112,045
SG&A7,0367,4457,5697,9148,614
Operating income3,2502,9322,6143,3273,432
Pretax income3,6063,1942,8313,4423,575
Income tax1,1121,1158561,0251,186
Net income attributable to owners2,2001,8291,7352,2002,152
Operating margin8.0%6.7%5.8%7.1%6.8%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 16%
Receivables 14%
Property, plant and equipment 27%
3%
1%
Other assets 39%

Funding

7%
Other liabilities 22%
Equity 71%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Cash and equivalents¥10.4B¥8.31B¥8.03B¥9.6B¥9.43B
Total assets¥50.9B¥53.4B¥53.3B¥55.6B¥57.7B
Net assets¥32.7B¥34.5B¥36.4B¥38.6B¥41B
Share capital¥3.52B¥3.52B¥3.52B¥3.52B¥3.52B
Trade receivables¥8.58B¥9.89B¥8.72B¥8.13B¥8.06B
Property, plant and equipment¥13.1B¥14.1B¥14.1B¥14B¥15.7B
Intangible assets excluding goodwill¥1.28B¥1.15B¥999.8M¥864.4M¥1.08B
Goodwill¥557.5M¥467.7M¥392.6M¥329.8M¥453.9M
Investment securities¥1.43B¥1.17B¥1.16B¥759.9M¥697.3M
Current assets¥32.6B¥34.3B¥33.8B¥36.5B¥35.9B
Current liabilities¥13.7B¥14.6B¥12.9B¥13.2B¥11.8B
Trade payables¥4.42B¥4.47B¥4.33B¥4.19B¥3.74B
Short-term borrowings¥2.61B¥2.44B¥1.57B¥1.33B¥1.71B
Long-term borrowings¥758.2M¥560M¥358.5M¥235.3M¥962.3M
Total liabilities¥18.2B¥18.9B¥16.9B¥17B¥16.7B
Non-controlling interests¥3.45B¥3.74B¥4B¥4.39B¥4.69B
Equity attributable to owners of parent¥29.3B¥30.5B¥31.4B¥32.5B¥34B
Retained earnings¥24.3B¥25.5B¥26.6B¥28B¥29.4B
Treasury stock-¥1.25B-¥1.25B-¥1.56B-¥1.78B-¥1.75B

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第120期(2025/01/01－2025/12/31)

    ID S100XVV32026-03-31Open

  • EDINET (FSA Japan)

    有価証券報告書－第119期(2024/01/01－2024/12/31)

    ID S100VIG02025-03-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第118期(2023/01/01－2023/12/31)

    ID S100T5WK2024-03-28Open

  • EDINET (FSA Japan)

    有価証券報告書－第117期(2022/01/01－2022/12/31)

    ID S100QIFE2023-03-31Open

  • EDINET (FSA Japan)

    有価証券報告書－第116期(令和3年1月1日－令和3年12月31日)

    ID S100NS972022-03-31Open

  • EDINET (FSA Japan)

    有価証券報告書－第115期(令和2年1月1日－令和2年12月31日)

    ID S100L3162021-03-31Open

Extracted from XBRL: 55 / Derived from other figures: 1

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