NIPPON RIETEC CO., LTD.

NIPPON RIETEC CO., LTD.

TTSE:1938
2,435.00
JPY
-17.00
(-0.69%)
62.47BMarket Cap
Nov 09Next Earn
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
2,160.1
1,956.39
2,092.8
2,170.88
2,092.46
2,287.12
2,448.7
2,194.74
2,116.44
2,139.49
2,353.54
2,774.4
2,989.39
- -
Basic EPS, GAAP
157
123.51
113.71
142.53
153.86
133.19
144.52
130.35
95.55
85.07
111.37
191.24
224.12
- -
Free Cash Flow per Basic Share
5.98
84.16
167
92.17
-158.05
85.61
-54.28
59.51
70.15
49.85
72.21
7.71
121.25
- -
Dividend per Share
10.99
9.05
9
12
14.94
17.91
21.95
26.95
26.94
27.01
27.36
35.21
77.46
- -
Book Value per Share
1,301.33
1,449.14
1,558.25
1,696.96
1,845.89
1,958.77
2,062.95
2,172.34
2,206.82
2,275.78
2,415.07
2,574.78
2,795.32
- -
Tangible Book Value per Share
1,292.73
1,442.05
1,550.79
1,690.44
1,838.8
1,952.06
2,054.48
2,155.64
2,182.73
2,252.47
2,397.4
2,559
2,781.62
- -
Basic Weighted Avg Shares
25
25
25
25
25
25
25
25
25
25
25
25
25
25
Sales/Revenue/Turnover
54,989
49,664
52,640
54,602
52,629
57,525
61,589
55,201
53,231
53,745
58,543
68,670
74,045
- -
Operating Margin (%)
6.69
7.05
7.85
8.34
7.52
7.25
7.35
7.65
5.76
5
5.86
7.57
9.61
- -
Depreciation Expense
-523
651
770
758
776
962
1,018
1,066
1,247
1,377
1,431
1,484
1,533
- -
Net Income, GAAP
3,997
3,135
2,860
3,585
3,870
3,350
3,635
3,279
2,403
2,137
2,770
4,733
5,551
- -
Effective Tax Rate (%)
28.31
33.51
30.31
28.87
26.56
29.74
28.04
30.39
32.1
30.44
28.88
26.95
26.12
- -
Profit Margin (%)
7.27
6.31
5.43
6.57
7.35
5.82
5.9
5.94
4.51
3.98
4.73
6.89
7.5
- -
Working Capital
14,157
16,037
19,128
22,004
20,398
22,138
23,885
25,354
26,971
28,179
28,883
31,293
33,371
- -
LT Debt
1,119
659
665
596
605
868
932
1,325
1,490
1,789
1,630
1,262
874
- -
Total Equity
33,126
36,451
39,193
42,682
46,427
49,266
51,886
54,637
55,504
56,784
59,776
63,729
69,270
- -
Return on Invested Capital (%)
7.44
6.1
7.18
7.5
6.24
5.87
6.09
5.21
3.62
3.18
3.97
5.81
7.53
- -
Return on Capital (%)
12.06
8.64
7.45
8.69
8.62
6.96
7.05
6.03
4.33
3.77
4.67
7.53
8.3
- -
Return on Common Equity (%)
12.87
9.01
7.56
8.76
8.69
7
7.19
6.16
4.36
3.81
4.75
7.67
8.35
- -

Capital Structure

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
ST Debt
9,500
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
874
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
25
25
25
Market Capitalization
49,759
62,472
66,932

Working Capital

JPY

•

in mil. unless spec.
Sep'26
Mar'26
Jun'27
Total Current Assets
59,196
58,735
- -
Cash, Cash Equivalents & STI
7,864
8,395
- -
Accounts Receivable, Net
46,198
48,218
- -
Inventories
3,394
1,427
- -
Total Current Liabilities
28,611
25,364
- -
Payables & Accruals
- -
- -
- -
ST Debt
9,500
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.89%
4.89%
8.69%
Free Cash Flow
57.24%
283.18%
1,473.01%
Net Income, GAAP
9.86%
16%
17.28%
Sales/Revenue/Turnover
3.76%
6.29%
7.83%
Total Cash Common Dividend
27.17%
29.72%
120.16%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
68,670
2026
- -
- -
- -
- -
74,045
2027
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
191.24
2026
- -
- -
- -
- -
224.12
2027
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
35.21
2026
- -
- -
- -
- -
77.46
2027
- -
- -
- -
- -
- -

Company Description

CEO
Kimito Kubo
Full Time Employees
1,434
Sector
Industrial services
Industry
Engineering & construction
Address
1-6 Kanda Nishikicho Tokyo TY Japan 101-0054
IPO Date
Jan 17, 1974
Business
Nippon Rietec Co., Ltd. engages primarily in the construction and manufacturing of electrical equipment and infrastructure solutions in Japan. The company operates through four main business segments: railway electrical equipment construction; road equipment; indoor and outdoor electrical equipment construction; and transmission line construction. Its core product portfolio includes signal equipment, electric train line facilities, power generation and transformation equipment, lighting and power equipment, communication systems construction, transmission line equipment, road traffic signals, road information control systems, road signs, landscape signs, sound insulation walls, road lighting and aircraft lighting equipment, disaster prevention and sanitation equipment, machinery facility construction, civil engineering works, and waterproofing construction. Additionally, it provides electric installation work and solar power generation systems. Nippon Rietec serves mainly infrastructure and public sector markets across Japan, with headquarters in Tokyo, and was established in 1945. In the past two years, Nippon Rietec has achieved record financial performance driven by robust construction investments and large-scale project orders in road facility and power transmission line divisions. The company has strategically focused on price negotiations, productivity improvements, and cost reduction to offset rising material and personnel costs. It is actively pursuing a medium-term management plan focused on business diversification and expansion into peripheral areas such as renewable energy, high power consumption electrical construction, and stock-based services including design, construction, and maintenance. The firm is also advancing technological innovation through mechanization, labor-saving, and remote operation with aims to transform on-site construction productivity and safety. These initiatives prime Nippon Rietec for growth in infrastructure renewal demands and power transmission line reinforcement within Japan. Nippon Rietec operates primarily in the Japanese market, emphasizing infrastructure sectors including railways, roads, and power transmission. The company's comprehensive approach combines electrical equipment manufacturing with construction and installation services tailored to public infrastructure. Its medium to long-term growth strategy under the NR 2027 Medium-Term Management Plan targets consolidated net sales of 77.5 billion yen and operating profit of 6.5 billion yen by fiscal 2028, with technology refinement and new business collaboration playing key roles. The company maintains a strong commitment to safety, quality, and innovation as it diversifies its revenue streams and strengthens partnerships. Founded in 1945 and headquartered in Tokyo, Nippon Rietec employs over 1,500 personnel, maintains a solid industry reputation, and is publicly traded on the Tokyo Stock Exchange under ticker 1938.T. Its expansive product and service range, coupled with strategic operational improvements and diversification, position it as a significant player in Japanese electrical infrastructure construction and equipment sectors.