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Nihon Denkei Co.,Ltd.

Nihon Denkei Co.,Ltd.

9908.T
Nihon Denkei Co.,Ltd.JP flagTokyo Stock Exchange
2,519.00
JPY
+43.00
- -
28.60BMarket Cap
Nihon Denkei Co.,Ltd.
9908.T
(Tokyo Stock Exchange)

Recent

price

2,519.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4,415.33
5,504.35
5,773.47
6,080.36
6,179.9
6,856.3
7,236.29
7,119.36
8,070.23
8,550.74
7,933.4
7,023.75
7,804.36
8,959.25
9,407.94
10,637.48
5,424.26
Revenue per Share
-70.54
67.57
118.38
121.38
105.12
165.74
137.54
136.95
162.42
197.86
143.66
124.62
191.35
248.41
255.48
260.87
159.22
Basic EPS, GAAP
221.66
-191.57
-117.61
161.75
85.71
-57.58
162.11
159.56
-246.14
120.67
195.46
344.53
-91.2
-131.9
271.58
-8.57
- -
Free Cash Flow per Basic Share
10.08
8.1
14.7
21.28
23.31
24.02
25.33
25.37
26.75
31.28
34.68
33.38
49.96
70.25
80.15
85.12
- -
Dividend per Share
401.65
461.27
564.98
665.03
746.9
888.64
1,000.96
1,014.09
1,248.32
1,414.85
1,523.9
1,615.06
1,756.41
1,945.68
2,147.59
2,349.5
2,195.61
Book Value per Share
482.87
541.85
651.8
765.73
895.4
1,075.38
1,168.53
1,268.81
1,459.75
1,598.81
1,689.41
1,830.06
1,997.79
2,188.82
2,409.13
2,650.43
2,524.39
Tangible Book Value per Share
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
11
11
Basic Weighted Avg Shares
51,990
64,805
67,974
71,587
72,750
80,712
85,175
83,798
94,991
100,646
93,368
82,670
91,857
104,778
108,539
121,235
61,784
Sales/Revenue/Turnover
-0.57
1.85
2.48
2.77
2.64
3.29
3.16
2.74
3.1
3.26
2.62
2.29
2.9
3.57
4.08
3.91
5.02
Operating Margin (%)
196
184
189
141
162
192
195
211
206
224
264
366
614
592
606
665
- -
Depreciation Expense
-831
796
1,394
1,429
1,238
1,951
1,619
1,612
1,912
2,329
1,691
1,467
2,252
2,905
2,948
2,973
1,814
Net Income, GAAP
- -
23.58
17.64
36.11
38.44
35.24
34
30.4
30.97
29.31
31.13
33.75
31.14
28.68
39.67
36.64
43.23
Effective Tax Rate (%)
-1.6
1.23
2.05
2
1.7
2.42
1.9
1.92
2.01
2.31
1.81
1.77
2.45
2.77
2.72
2.45
2.94
Profit Margin (%)
3,539
4,656
7,051
8,835
8,714
11,252
13,716
13,829
14,299
16,039
16,423
16,917
19,796
20,554
20,636
25,357
21,814
Working Capital
1,157
1,395
2,196
2,752
1,478
2,097
3,507
2,586
1,788
3,126
2,960
2,502
3,834
3,380
1,307
2,638
1,778
LT Debt
5,915
6,540
7,757
9,161
10,693
12,807
13,885
15,049
17,281
18,917
19,983
21,645
23,793
25,996
28,199
30,700
29,284
Total Equity
- -
5.22
6.71
5.62
5.11
6.69
6.42
5.78
6.7
7.01
5.18
3.93
5.38
6.85
6.44
6.78
4.37
Return on Invested Capital (%)
- -
5.42
7.92
7.02
5.97
8.55
6.6
6.67
7.09
7.58
5.64
5.25
7.5
8.42
7.91
7.48
5.07
Return on Capital (%)
-15.96
15.66
23.07
19.74
14.89
20.27
14.56
13.59
14.36
14.86
9.78
7.94
11.35
13.38
12.4
11.53
7.5
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
11,206
- -
9,130
LT Borrowings
1,075
- -
1,519
LT Finance Leases
232
- -
259
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
- -
11
Market Capitalization
28,004
23,065
19,830

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
56,652
- -
50,126
Cash, Cash Equivalents & STI
7,901
- -
8,507
Accounts Receivable, Net
35,860
- -
28,491
Inventories
5,607
- -
6,262
Total Current Liabilities
36,016
- -
28,312
Payables & Accruals
- -
- -
- -
ST Debt
11,206
- -
9,130
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.16%
8.97%
8.87%
Free Cash Flow
-113.71%
-82.54%
-103.12%
Net Income, GAAP
6.72%
14.32%
0.87%
Sales/Revenue/Turnover
4.5%
5.8%
11.7%
Total Cash Common Dividend
14.19%
20.62%
4.91%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
22,320
24,435
26,648
35,136
108,539
2025
- -
- -
- -
- -
121,235
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
47.55
- -
- -
- -
255.48
2025
- -
- -
- -
- -
260.87
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
80.15
2025
- -
- -
- -
- -
85.12
2026
- -
- -
- -
- -
- -
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Business
Nihon Denkei Co., Ltd. operates as a specialized trading entity for electronic measuring instruments and related systems, engaging customers both within Japan and across international markets. The company’s comprehensive business model includes the distribution, manufacturing, leasing, and rental of a broad spectrum of electronic measuring devices, alongside various system equipment and electronic components. Its offerings encompass instruments for communication, physics and chemistry applications, industrial use, production process monitoring, environmental testing, and photonic measurements, as well as educational laboratory equipment and power supplies. Beyond hardware, Nihon Denkei also conceptualizes, designs, and produces software solutions and testing jigs. The firm actively provides repair and calibration services for its instrumentation, extending to used goods, and even undertakes contract work in fields such as earthworks, steel structural construction, and interior finishing. Established in 1950, Nihon Denkei maintains its headquarters in Tokyo, Japan, and has expanded its operational footprint to 94 bases globally, with significant presence in China and Southeast Asia. The company is strategically emphasizing growth areas like automotive electrification, 5G communication technology, IoT, and new energy.