Nippon Rietec Co.,Ltd. logo

Nippon Rietec Co.,Ltd.

1938.T

JPXIndustrialsEngineering & Construction

Latest quote

¥2,539

+¥76.00 · +3.09%

Aug 24, 3:30 PM JST

1938.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Headquartered in Tokyo, Japan, and founded in 1945, Nippon Rietec Co., Ltd. specializes in the construction of electrical infrastructure for railway systems across Japan. This includes the implementation of signaling apparatus, power generation and distribution facilities, fiber optic communication networks, and comprehensive information and communication platforms, alongside contributions to advanced transportation initiatives. Beyond its core railway focus, the company also delivers crucial road infrastructure, such as traffic lights, intelligent traffic management systems, and diverse road and landscape signage. Additionally, Nippon Rietec undertakes a variety of general electrical projects, encompassing indoor and outdoor electrical installations, broader optical communication cabling, renewable energy solutions like solar power systems, and power transmission lines for various equipment sectors.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
JP
CEO
Kimito Kubo
Listed since
Jan 5, 2001
Employees
1,434

Market position

Day range

Current ¥2,539

52-week range

Current ¥2,539

Open
¥2,469
Previous close
¥2,463
Volume
156.2K
1.44× average
Average volume
108.83K
Average daily volume
Market cap
62.92B JPY
Beta
0.79
Market reference 1
50-day average
¥2,576.06
-1.44% below average
200-day average
¥2,536.11
+0.11% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
54.92B JPY
P/E (TTM)
10.59×
P/B (TTM)
0.93×
P/S (TTM)
0.83×
EV / EBITDA
Earnings yield
8.89%
Free cash flow yield
4.99%
Dividend yield
3.23%

Profitability & efficiency

Gross margin
17.90%
Operating margin
10.00%
Net margin
7.83%
Return on equity
8.01%
Return on assets
5.48%
Return on invested capital
6.87%

Financial health

Debt / equity
0.04×
Current ratio
2.32×
Altman Z-score
3.87
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends19%14%8%3%Gross margin, FY2021: 14.49%Gross margin, FY2022: 14.33%Gross margin, FY2023: 15.02%Gross margin, FY2024: 15.79%Gross margin, FY2025: 17.59%Operating margin, FY2021: 5.76%Operating margin, FY2022: 5.00%Operating margin, FY2023: 5.86%Operating margin, FY2024: 7.55%Operating margin, FY2025: 9.61%Net margin, FY2021: 4.51%Net margin, FY2022: 3.98%Net margin, FY2023: 4.73%Net margin, FY2024: 6.89%Net margin, FY2025: 7.50%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 14.49%. Gross margin FY2022 14.33%. Gross margin FY2023 15.02%. Gross margin FY2024 15.79%. Gross margin FY2025 17.59%. Operating margin FY2021 5.76%. Operating margin FY2022 5.00%. Operating margin FY2023 5.86%. Operating margin FY2024 7.55%. Operating margin FY2025 9.61%. Net margin FY2021 4.51%. Net margin FY2022 3.98%. Net margin FY2023 4.73%. Net margin FY2024 6.89%. Net margin FY2025 7.50%.

Income trends

Revenue

74.04B JPY+7.83%

Operating income

7.11B JPY+37.14%

Net income

5.55B JPY+17.28%
Income trends across reported periods81.24B JPY52.47B JPY23.71B JPY−5.05B JPYRevenue, FY2021: 53.23B JPYRevenue, FY2022: 53.75B JPYRevenue, FY2023: 58.54B JPYRevenue, FY2024: 68.67B JPYRevenue, FY2025: 74.04B JPYOperating income, FY2021: 3.07B JPYOperating income, FY2022: 2.69B JPYOperating income, FY2023: 3.43B JPYOperating income, FY2024: 5.19B JPYOperating income, FY2025: 7.11B JPYNet income, FY2021: 2.4B JPYNet income, FY2022: 2.14B JPYNet income, FY2023: 2.77B JPYNet income, FY2024: 4.73B JPYNet income, FY2025: 5.55B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 53.23B JPY. Revenue FY2022 53.75B JPY. Revenue FY2023 58.54B JPY. Revenue FY2024 68.67B JPY. Revenue FY2025 74.04B JPY. Operating income FY2021 3.07B JPY. Operating income FY2022 2.69B JPY. Operating income FY2023 3.43B JPY. Operating income FY2024 5.19B JPY. Operating income FY2025 7.11B JPY. Net income FY2021 2.4B JPY. Net income FY2022 2.14B JPY. Net income FY2023 2.77B JPY. Net income FY2024 4.73B JPY. Net income FY2025 5.55B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue74.04B JPY68.67B JPY58.54B JPY53.75B JPY53.23B JPY
Cost of goods sold61.02B JPY57.83B JPY49.75B JPY46.04B JPY45.52B JPY
Gross profit13.03B JPY10.84B JPY8.79B JPY7.7B JPY7.71B JPY
Research and development70M JPY122M JPY38M JPY1M JPY
Selling, general, and administrative5.91B JPY5.66B JPY5.24B JPY5.01B JPY4.64B JPY
Operating expenses5.91B JPY5.66B JPY5.36B JPY5.01B JPY4.64B JPY
Interest income8.28M JPY1.76M JPY669K JPY761K JPY574K JPY
Interest expense109.38M JPY88.12M JPY61.56M JPY60.28M JPY63.84M JPY
Depreciation and amortization1.53B JPY1.48B JPY1.43B JPY1.38B JPY1.25B JPY
Operating income7.11B JPY5.19B JPY3.43B JPY2.69B JPY3.07B JPY
Net income5.55B JPY4.73B JPY2.77B JPY2.14B JPY2.4B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
16.39

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates135.2290.3645.490.63Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 7, 2024: actual 39.1, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 12, 2025: actual 34.65, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual 125.26, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 0.74, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 10, 2025: actual 41.68, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual 60.38, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 12, 2026: actual 121.32, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 16.39, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates26.63B21.45B16.28B11.1BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 7, 2024: actual 15.73B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 12, 2025: actual 16.91B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual 24.77B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 12.17B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 10, 2025: actual 16.46B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual 19.86B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 12, 2026: actual 25.56B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 14.02B JPY, estimate —, surprise —, Comparison unavailable.

1938.T peers

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