Ad-Sol Nissin Corp.

Ad-Sol Nissin Corp.

TTSE:3837
1,383.00
JPY
+24.00
(+1.77%)
23.81BMarket Cap
Nov 05Next 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
501.96
519.43
587.86
647.63
609.12
673.15
726.74
732.01
660.2
689.95
755.56
841.3
985.88
- -
Basic EPS, GAAP
9.95
13.18
16.25
29.6
30.66
37.95
44.99
48.66
42.31
45.21
52.55
65.81
86.86
- -
Free Cash Flow per Basic Share
0.98
31.52
15.19
18.33
39.57
-7.53
63.2
8.9
86.74
47.85
41.48
48.43
108.32
- -
Dividend per Share
2.33
3.46
5
9.21
10.51
10.95
14.93
16.98
18.5
17.97
19.51
24.69
35.58
- -
Book Value per Share
116.87
137.95
149.02
172.8
195.06
219.83
247.67
288.16
321.37
358.43
391.22
405.22
412.61
412.61
Tangible Book Value per Share
115.45
136.02
137.87
164.36
189.58
188.75
220.69
263.85
293.84
329.75
368.18
387.25
400.76
400.76
Basic Weighted Avg Shares
17
17
18
18
18
18
18
18
19
19
19
18
17
18
Sales/Revenue/Turnover
8,437
9,038
10,460
11,634
10,997
12,195
13,315
13,519
12,248
12,842
14,078
15,463
17,151
- -
Operating Margin (%)
6.79
8.14
9.46
6.6
7.57
8.3
9.12
9.51
8.88
9.43
10.21
11.06
12.51
- -
Depreciation Expense
21
23
53
81
86
99
95
90
95
118
141
147
148
- -
Net Income, GAAP
167
229
289
532
554
688
824
899
785
841
979
1,210
1,511
- -
Effective Tax Rate (%)
43.86
43.78
47.4
31.61
35.03
32.16
33.29
33.09
30.98
32.19
33.08
31.72
31.79
- -
Profit Margin (%)
1.98
2.54
2.76
4.57
5.03
5.64
6.19
6.65
6.41
6.55
6.95
7.82
8.81
- -
Working Capital
1,731
1,783
2,082
2,516
2,652
2,672
2,798
3,461
3,804
4,298
4,942
4,464
4,239
4,239
LT Debt
20
23
150
110
70
30
88
- -
- -
- -
- -
- -
- -
- -
Total Equity
1,964
2,455
2,652
3,131
3,498
4,001
4,555
5,332
5,969
6,676
7,291
7,075
6,948
6,948
Return on Invested Capital (%)
8.18
9.32
9.58
15.64
14.28
16.19
16.63
15.39
12.46
12.37
12.96
15.22
19.11
- -
Return on Capital (%)
8.44
10.07
10.72
17.35
15.78
17.39
18.32
17.53
13.79
13.31
14.02
16.84
21.55
- -
Return on Common Equity (%)
8.81
10.38
11.32
18.39
16.7
18.34
19.27
18.18
13.89
13.31
14.02
16.84
21.55
- -

Capital Structure

JPY

•

in mil. unless spec.
Sep'25
Sep'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
17
17
Market Capitalization
16,022
23,394
23,810

Working Capital

JPY

•

in mil. unless spec.
Sep'25
Sep'26
Mar'26
Total Current Assets
7,114
7,189
6,990
Cash, Cash Equivalents & STI
3,180
2,969
2,941
Accounts Receivable, Net
3,733
4,026
3,055
Inventories
21
8
23
Total Current Liabilities
1,941
2,170
2,751
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.33%
5.65%
-1.8%
Free Cash Flow
-6.68%
189.64%
111.7%
Net Income, GAAP
20.05%
11.88%
24.94%
Sales/Revenue/Turnover
5.32%
5.17%
10.92%
Total Cash Common Dividend
23.46%
15.36%
36.37%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,396
3,440
3,523
3,719
14,078
2025
- -
- -
- -
- -
15,463
2026
- -
- -
- -
- -
17,151

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11.84
14.01
15.98
10.72
52.55
2025
- -
- -
- -
- -
65.81
2026
- -
- -
- -
- -
86.86

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
19.51
2025
- -
- -
- -
- -
24.69
2026
- -
- -
- -
- -
35.58

Company Description

CEO
Toshiaki Shinozaki
Full Time Employees
645
Sector
Technology services
Industry
Information technology services
Address
Rivarge Shinagawa Tokyo TY Japan 108-0075
IPO Date
Feb 19, 2007
Website
adniss.jp
Business
Ad-Sol Nissin Corporation develops information systems and provides solutions primarily for social infrastructure and IoT applications. Founded in 1976 and headquartered in Tokyo, Japan, the company operates through two main segments: the Social System segment, which delivers total solutions for device control and credit systems serving energy (electricity and gas), railways, aviation, communications, disaster prevention, plants, and geographic information; and the IoT System segment, which leverages OS kernel technology and embedded software development to offer solutions in security, short-distance wireless communication, location information, electric communication, energy, environment, medical care, and factory automation. Core products include ZigBee wireless communication products such as multi-hop communication standards, tag solutions for location management, communication checkers, and environment evaluation tools; power line communication software; Touch Tag electric field communication starter kits; hands-free authentication systems; energy monitoring systems for visualization; geographic information systems (GIS); and information security products, with additional services encompassing consulting, maintenance, workflow development, system integration, and full information system life cycle support targeting power/gas utilities, rail, roads, financial services, automobiles, public works, and manufacturing sectors primarily in Japan. In May 2023, the company launched its medium-term management plan "New Canvas 2026" to drive growth through digital transformation solutions focused on carbon neutrality and smart cities; it continues to emphasize co-creation with global partners and proprietary product development in IoT, GIS, and security without major acquisitions, funding rounds, or reorganizations reported in the last two years.