1. Japan Stocks

  2. •

    Consumer Cyclical

  3. •

    Auto - Parts
NHK Spring Co., Ltd.

NHK Spring Co., Ltd.

5991.T
NHK Spring Co., Ltd.JP flagTokyo Stock Exchange
3,986.00
JPY
+56.00
- -
807.52BMarket Cap
NHK Spring Co., Ltd.
5991.T
(Tokyo Stock Exchange)

Recent

price

3,986.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
1,936.68
1,881.66
2,091.02
2,345.49
2,476.12
2,637.04
2,590.35
2,782.59
2,872.34
2,804.3
2,465.01
2,573.93
3,041.69
3,390.95
3,740.44
- -
1,864.57
Revenue per Share
82.44
71.47
83.7
101.59
98.29
88.9
103.7
86.44
29.96
19.46
40.45
140.33
94.5
173.27
224.73
- -
114.42
Basic EPS, GAAP
143.15
25.42
19.26
98.63
103.51
65.34
128.28
74.77
-3.31
-45.57
11.72
45.34
-58.52
144.96
58.18
- -
- -
Free Cash Flow per Basic Share
14
15.06
15.77
18
20
21
22.08
23
24
24.01
10.09
24
30.02
34.08
55.95
- -
- -
Dividend per Share
558.89
618.66
664.56
744.88
811.03
878.93
963.67
1,038.3
1,033.46
1,030.02
1,080.99
1,217.89
1,282.91
1,431.99
1,607.57
- -
1,565.77
Book Value per Share
642.56
699.89
807.18
927.84
1,111.07
1,093.19
1,195.97
1,284.56
1,236.48
1,195.85
1,278.23
1,472.73
1,590.69
1,845.13
1,959.29
- -
1,939.59
Tangible Book Value per Share
236
234
243
243
243
243
242
237
237
237
232
228
228
226
214
203
217
Basic Weighted Avg Shares
456,198
440,752
507,985
569,711
601,434
640,516
626,950
659,730
681,006
664,499
572,639
586,903
693,246
766,934
801,698
- -
404,739
Sales/Revenue/Turnover
7.18
5.1
5.91
6.58
5.44
5.47
6.48
5.39
3.91
3.12
1.83
3.64
4.16
4.52
6.51
- -
6.6
Operating Margin (%)
22,584
21,371
21,393
21,042
21,448
23,582
23,137
24,141
25,001
26,408
27,498
28,300
28,879
28,671
29,324
- -
- -
Depreciation Expense
19,420
16,741
20,333
24,677
23,873
21,592
25,098
20,495
7,104
4,612
9,396
31,998
21,537
39,188
48,167
- -
24,837
Net Income, GAAP
30.37
23.52
33.58
34.66
31.62
30.55
28.52
30.73
56.27
51.95
29.26
33.59
23.89
30.04
16.21
- -
31.82
Effective Tax Rate (%)
4.26
3.8
4
4.33
3.97
3.37
4
3.11
1.04
0.69
1.64
5.45
3.11
5.11
6.01
- -
6.14
Profit Margin (%)
36,454
49,153
61,886
83,487
104,235
102,427
114,226
122,924
107,020
105,524
99,885
137,954
165,622
200,072
196,097
- -
216,031
Working Capital
37,343
44,825
43,482
41,562
38,206
28,666
31,914
36,525
33,234
33,775
26,678
21,831
28,849
34,878
34,006
- -
46,186
LT Debt
153,743
166,737
199,782
230,038
274,890
269,835
292,775
307,648
296,060
286,551
299,973
338,844
365,859
420,572
423,169
- -
424,306
Total Equity
10.48
7.48
7.76
8.65
7.17
7.55
8.75
6.86
3.16
2.78
2.05
3.64
5.31
5.35
8.89
- -
3.83
Return on Invested Capital (%)
9.11
7.45
8.39
9.65
8.94
7.65
8.34
6.1
1.72
1.08
2.62
9.02
5.71
10.32
11.35
- -
6.23
Return on Capital (%)
15.75
12.11
13.27
14.42
12.63
10.52
11.24
8.55
2.89
1.89
3.79
12.1
7.56
12.72
14.41
- -
7.73
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
16,209
- -
18,830
LT Borrowings
34,009
- -
45,312
LT Finance Leases
869
- -
874
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
221
- -
215
Market Capitalization
333,718
342,548
394,629

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
382,690
- -
393,632
Cash, Cash Equivalents & STI
103,216
- -
107,196
Accounts Receivable, Net
165,639
- -
168,839
Inventories
86,895
- -
91,216
Total Current Liabilities
182,618
- -
177,601
Payables & Accruals
- -
- -
- -
ST Debt
16,209
- -
18,830
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
- -
Free Cash Flow
- -
- -
- -
Net Income, GAAP
- -
- -
- -
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
179,293
182,902
200,093
204,646
766,934
2025
- -
- -
- -
- -
801,698
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
31.57
- -
- -
- -
173.27
2025
- -
- -
- -
- -
224.73
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
34.08
2025
- -
- -
- -
- -
55.95
2026
- -
- -
- -
- -
- -
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Business
NHK Spring Co., Ltd. engages primarily in the manufacture and sale of automotive suspension springs, automotive seats and seat components, precision springs and components, and industrial machinery and equipment products. Its core products include suspension springs such as coil springs, leaf springs, stabilizers, accumulators, torsion bars, stabilizer links, and bonding bushes; automotive seats and related mechanical seating components, trim parts and interior parts; precision springs and components like hard disk drive suspensions, wire springs, flat springs, probe units for LCDs and semiconductors, and precision-processed machine components. The company also produces industrial and equipment products including ceramic products, spring mechanisms, pipe support systems, automatic parking systems, polyurethane products, metal-based printed circuit boards, security products, lighting equipment, and golf club shafts. NHK Spring leverages its proprietary spring technology across diverse industries such as automotive, information and communications, semiconductor manufacturing, and medical fields. The company was founded in 1939 and is headquartered in Japan. It operates globally with a significant focus on Japanese automotive manufacturers as key customers. NHK Spring recently undertook strategic operational changes including the decision to dissolve and liquidate certain Chinese subsidiaries (NHK Seating (Hubei) Co., Ltd. and FNK China Co., Ltd.) in response to a slowdown in sales from Japanese-owned auto manufacturers in China as part of resource concentration efforts. It is expanding its motor core business with new investments in India to enhance its automotive components portfolio. Additionally, NHK Spring developed a new hybrid conducting spring/structure series of high-performance metal springs, reflecting ongoing innovation in core technology. Financially, the company reports solid sales and profit figures, with a forecast of continued growth in net sales and operating profits for the fiscal year ending March 2026. NHK Spring operates through four main business segments: Automotive Suspension Springs, Automotive Seating, Precision Springs and Components, and Industrial Machinery and Equipment and Others. It serves a broad customer base in automotive, industrial machinery, semiconductor, and other advanced manufacturing sectors. The company emphasizes technological advancement in spring manufacturing, quality control, and integrated sales and management systems to maintain its competitive position across global markets. These latest major changes and comprehensive product offerings illustrate NHK Spring's strategic focus on core spring technologies and precision components, supported by geographic expansion and operational refinement targeting sustainable growth and enhanced customer solutions worldwide.