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Nippon Densetsu Kogyo Co., Ltd.

Nippon Densetsu Kogyo Co., Ltd.

TTSE:1950
3,955.00
JPY
+60.00
(+1.54%)
278.14BMarket Cap
Oct 30Next Earn
Nippon Densetsu Kogyo Co., Ltd.
TSE:1950
(Tokyo Stock Exchange)

Recent

price

3,955.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
JPY
2,497.27
2,453.27
2,643.37
2,767.59
2,837.31
2,834.17
2,800.71
2,910.89
2,968.25
3,224.95
3,183.48
2,823.55
2,799.65
3,176.33
3,680.7
3,924.95
- -
Revenue per Share
101.18
76.44
103.1
108.93
139.82
153.77
148.46
175.9
159.8
183.4
155.29
84.95
116.65
164.39
223.84
309.26
- -
Basic EPS, GAAP
50.11
16.26
-33.87
110.81
42.52
118.59
98.74
87.45
104.88
-32.1
204.45
73.85
-41.47
25.91
-167.18
70.29
- -
Free Cash Flow per Basic Share
12.02
12
12
13.99
15.01
19.99
25.02
26.96
32.96
34.94
36.98
36.94
30.96
37.16
47
92.57
- -
Dividend per Share
1,400.37
1,473.53
1,614.84
1,716.62
1,920.35
2,069.96
2,207.74
2,402.95
2,528.6
2,625.31
2,790.51
2,803.98
2,883.14
3,150.52
3,335.76
3,696.06
3,696.06
Book Value per Share
1,333.43
1,421.37
1,569.63
1,674.12
1,863.69
1,996.3
2,140.67
2,346.57
2,478.41
2,581.87
2,746.75
2,724.58
2,777.03
3,030.38
3,229.16
3,610.06
3,610.06
Tangible Book Value per Share
62
62
61
61
61
61
61
61
61
61
61
61
61
61
59
58
59
Basic Weighted Avg Shares
153,747
150,898
162,549
170,157
174,418
174,225
172,165
178,938
182,464
198,244
195,695
173,569
172,100
194,031
216,922
229,207
- -
Sales/Revenue/Turnover
7
6.4
6.71
6.59
7.94
8.23
8.02
8.31
8.14
8.32
7.25
4.3
5.61
6.93
8.27
10.28
- -
Operating Margin (%)
2,294
2,884
2,960
2,979
3,062
3,069
3,303
3,637
3,597
3,659
3,845
3,764
3,678
3,779
4,445
5,111
- -
Depreciation Expense
6,229
4,702
6,340
6,697
8,595
9,453
9,126
10,813
9,823
11,274
9,546
5,222
7,171
10,042
13,192
18,060
- -
Net Income, GAAP
41.74
49.53
39.08
40.43
38.56
34.22
32.98
30.35
32.3
31.41
33.58
35.88
32.09
32.5
31.13
30.42
- -
Effective Tax Rate (%)
4.05
3.12
3.9
3.94
4.93
5.43
5.3
6.04
5.38
5.69
4.88
3.01
4.17
5.18
6.08
7.88
- -
Profit Margin (%)
49,275
53,646
60,059
64,527
69,957
77,107
83,600
88,357
95,492
96,883
99,460
102,094
98,152
98,190
104,647
115,288
115,288
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
92,192
97,294
106,729
113,477
126,759
136,571
145,710
158,479
167,026
173,758
184,362
185,190
190,233
199,113
209,649
230,725
230,725
Total Equity
6.68
4.94
6.27
5.82
6.8
6.91
6.34
6.59
5.99
6.43
5.11
2.54
3.44
4.56
5.8
6.93
- -
Return on Invested Capital (%)
6.26
4.29
5.5
5.59
6.57
6.69
5.97
6.58
5.53
6.11
5.02
2.77
3.67
4.96
6.04
7.59
- -
Return on Capital (%)
7.42
5.32
6.68
6.54
7.69
7.71
6.94
7.63
6.48
7.12
5.73
3.04
4.1
5.53
6.92
8.78
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
ST Debt
- -
200
12,200
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
58
58
58
Market Capitalization
149,900
166,886
278,143

Working Capital

JPY

•

in mil. unless spec.
Jun'26
Sep'26
Mar'26
Total Current Assets
- -
142,587
202,513
Cash, Cash Equivalents & STI
- -
19,889
34,342
Accounts Receivable, Net
- -
96,822
150,176
Inventories
- -
10,336
4,494
Total Current Liabilities
- -
40,385
87,225
Payables & Accruals
- -
- -
- -
ST Debt
- -
200
12,200
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.42%
4.64%
10.05%
Free Cash Flow
-212.21%
-249.24%
-141.66%
Net Income, GAAP
10.56%
20.07%
36.9%
Sales/Revenue/Turnover
3.01%
3.61%
5.66%
Total Cash Common Dividend
18.72%
24.04%
95.16%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
28,577
42,462
46,472
76,520
194,031
2025
- -
- -
- -
- -
216,922
2026
- -
- -
- -
- -
229,207

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-7.78
15.63
33.1
124.94
164.39
2025
- -
- -
- -
- -
223.84
2026
- -
- -
- -
- -
309.26

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
37.16
2025
- -
- -
- -
- -
47
2026
- -
- -
- -
- -
92.57
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Business
Nippon Densetsu Kogyo Co., Ltd. engages primarily in the construction, design, supervision, and maintenance of electrical, information, and communication facilities for infrastructure in Japan. The company operates through key segments including Railways, which encompasses electrified railway equipment such as power generation and substations, transmission lines, electric train lines, electric light power, signals, and communication systems primarily for JR companies, private railways, and public operators; Buildings, covering electrical installations, air conditioning, plumbing, water supply, drainage, and sanitation for facilities like offices, hospitals, hotels, airports, and data centers; Information and Communications Systems, involving mobile base stations, IP networks, optical cables, railway communication, and network infrastructure; Environmental Energy, focused on renewable energy projects including solar and wind power generation, ZEB constructions, and energy efficiency improvements; and Associated Business, which includes real estate leasing and management, electrical equipment maintenance, materials sales, software development, and human resources training at Chuo Gakuen. Founded in 1942 and headquartered in Tokyo, the company conducts nationwide operations with a strong emphasis on railway clients, particularly JR East, and targets growth areas such as data centers and redevelopment projects. In recent developments, Nippon Densetsu Kogyo established JCroc Co., Ltd. as a wholly-owned subsidiary in October 2025 through an incorporation-type company split to transfer and expand its telecommunications business, enabling more agile strategies in infrastructure sharing and related services; the firm also signed an agreement in October 2025 to designate its new NDK Nagano Building, a ZEB, as a temporary disaster evacuation site for local residents in Nakagosho ward, Nagano City. The company reports robust financial performance with net sales reaching 78.4 billion yen and operating profit of 2.7 billion yen for the six months ended September 30, 2025, driven by high backlog and progress in large-scale projects, while forecasting full-year FY2025 net sales of 230.5 billion yen and profit attributable to owners of 13.4 billion yen, surpassing prior records amid strategic order selection and segment expansions. Additionally, it advances new initiatives like a metal recycling business for construction materials, DX promotion with generative AI pilots, and enhanced partner company support through recruitment and safety training to bolster construction capabilities.