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Nippon Densetsu Kogyo Co., Ltd. logo

Nippon Densetsu Kogyo Co., Ltd.

1950.T

JPXIndustrialsEngineering & Construction

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Latest quote

¥3,910

+¥75.00 · +1.96%

Aug 24, 1:18 PM JST

1950.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Nippon Densetsu Kogyo Co., Ltd., a Japanese company established in Tokyo in 1942 and renamed from Railway Electric Industries Co., Ltd. in 1949, primarily focuses on constructing electronic equipment for railways. Beyond this core specialization, the firm offers a wide array of infrastructure and technical services. This includes comprehensive electrical facility construction for buildings, encompassing renewable energy systems, energy-saving solutions, renovations, and the installation of air conditioning and plumbing equipment. They also provide advanced information and communication systems, such as building infrastructure for mobile communications, IP networks, and railway communication, alongside network development, maintenance, and technical support. Furthermore, the company undertakes the construction of critical power infrastructure, including power plants, substations, electric train lines, transmission lines, electric light and power systems, and signal equipment for both public and private railways. The company also extends its services to human resources development.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
JP
CEO
Kazushige Yasuda
Listed since
Jan 1, 2001
Employees
4,645

Market position

Day range

Current ¥3,910

52-week range

Current ¥3,910

Open
¥3,810
Previous close
¥3,835
Volume
79.4K
0.6× average
Average volume
131.95K
Average daily volume
Market cap
228.23B JPY
Beta
1.07
Market reference 1
50-day average
¥4,141.3
-5.59% below average
200-day average
¥4,158.78
-5.98% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
278.12B JPY
P/E (TTM)
12.07×
P/B (TTM)
1.09×
P/S (TTM)
0.98×
EV / EBITDA
8.62×
Earnings yield
6.49%
Free cash flow yield
1.68%
Dividend yield
3.17%

Profitability & efficiency

Gross margin
18.60%
Operating margin
10.90%
Net margin
8.08%
Return on equity
8.37%
Return on assets
5.41%
Return on invested capital
6.34%

Financial health

Debt / equity
0.04×
Current ratio
2.32×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends19%13%7%2%Gross margin, FY2021: 12.48%Gross margin, FY2022: 13.90%Gross margin, FY2023: 14.69%Gross margin, FY2024: 15.82%Gross margin, FY2025: 17.85%Operating margin, FY2021: 4.29%Operating margin, FY2022: 5.61%Operating margin, FY2023: 6.93%Operating margin, FY2024: 8.27%Operating margin, FY2025: 10.28%Net margin, FY2021: 3.01%Net margin, FY2022: 4.17%Net margin, FY2023: 5.18%Net margin, FY2024: 6.08%Net margin, FY2025: 7.88%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 12.48%. Gross margin FY2022 13.90%. Gross margin FY2023 14.69%. Gross margin FY2024 15.82%. Gross margin FY2025 17.85%. Operating margin FY2021 4.29%. Operating margin FY2022 5.61%. Operating margin FY2023 6.93%. Operating margin FY2024 8.27%. Operating margin FY2025 10.28%. Net margin FY2021 3.01%. Net margin FY2022 4.17%. Net margin FY2023 5.18%. Net margin FY2024 6.08%. Net margin FY2025 7.88%.

Income trends

Revenue

229.21B JPY+5.66%

Operating income

23.56B JPY+31.38%

Net income

18.06B JPY+36.91%
Income trends across reported periods251.61B JPY162.01B JPY72.42B JPY−17.18B JPYRevenue, FY2021: 173.57B JPYRevenue, FY2022: 172.1B JPYRevenue, FY2023: 194.03B JPYRevenue, FY2024: 216.92B JPYRevenue, FY2025: 229.21B JPYOperating income, FY2021: 7.45B JPYOperating income, FY2022: 9.66B JPYOperating income, FY2023: 13.45B JPYOperating income, FY2024: 17.93B JPYOperating income, FY2025: 23.56B JPYNet income, FY2021: 5.22B JPYNet income, FY2022: 7.17B JPYNet income, FY2023: 10.04B JPYNet income, FY2024: 13.19B JPYNet income, FY2025: 18.06B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 173.57B JPY. Revenue FY2022 172.1B JPY. Revenue FY2023 194.03B JPY. Revenue FY2024 216.92B JPY. Revenue FY2025 229.21B JPY. Operating income FY2021 7.45B JPY. Operating income FY2022 9.66B JPY. Operating income FY2023 13.45B JPY. Operating income FY2024 17.93B JPY. Operating income FY2025 23.56B JPY. Net income FY2021 5.22B JPY. Net income FY2022 7.17B JPY. Net income FY2023 10.04B JPY. Net income FY2024 13.19B JPY. Net income FY2025 18.06B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue229.21B JPY216.92B JPY194.03B JPY172.1B JPY173.57B JPY
Cost of goods sold188.28B JPY182.61B JPY165.52B JPY148.18B JPY151.91B JPY
Gross profit40.92B JPY34.31B JPY28.51B JPY23.92B JPY21.66B JPY
Research and development—364M JPY297M JPY303M JPY224M JPY
Selling, general, and administrative17.36B JPY15.26B JPY13.91B JPY13.22B JPY13.3B JPY
Operating expenses17.36B JPY16.38B JPY15.06B JPY14.26B JPY14.21B JPY
Interest income214M JPY77M JPY31M JPY26M JPY24M JPY
Interest expense79M JPY25M JPY———
Depreciation and amortization5.11B JPY4.45B JPY3.78B JPY3.68B JPY3.76B JPY
Operating income23.56B JPY17.93B JPY13.45B JPY9.66B JPY7.45B JPY
Net income18.06B JPY13.19B JPY10.04B JPY7.17B JPY5.22B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
24.73

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates188.36127.1465.924.7Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 31, 2024: actual 5.53, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 31, 2025: actual 44.19, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 30, 2025: actual 174.82, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 10.13, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 31, 2025: actual 38.34, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 30, 2026: actual 87.27, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 30, 2026: actual 173.52, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 31, 2026: actual 24.73, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates99.01B74.57B50.14B25.7BQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MetQ4 '26Estimate
Q1 2025, reported Jan 31, 2025: actual 49.39B JPY, estimate 52.68B JPY, surprise -6.24%, Miss. Q2 2025, reported Apr 30, 2025: actual 91.91B JPY, estimate 77.99B JPY, surprise +17.85%, Beat. Q3 2025, reported Jul 31, 2025: actual 30.23B JPY, estimate 49.5B JPY, surprise -38.92%, Miss. Q4 2025, reported Oct 31, 2025: actual 48.19B JPY, estimate 40.77B JPY, surprise +18.20%, Beat. Q1 2026, reported Jan 30, 2026: actual 56.87B JPY, estimate 51.58B JPY, surprise +10.26%, Beat. Q2 2026, reported Apr 30, 2026: actual 93.92B JPY, estimate 92.71B JPY, surprise +1.30%, Beat. Q3 2026, reported Jul 31, 2026: actual 34.97B JPY, estimate 34.97B JPY, surprise 0.00%, Met estimate. Q4 2026, reported Nov 4, 2026: actual —, estimate 47.53B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥90.00

2025 complete year+143.2% since 2021

2026 partial: ¥124

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Mar 31, 2027

¥127

Annual

Record Mar 31, 2027 · Payment Mar 31, 2027

Dividend

Ex-dividend Mar 30, 2026

¥124

Annual

Record Mar 31, 2026 · Payment Jun 29, 2026

Dividend

Ex-dividend Mar 28, 2025

¥90.00

Annual

Record Mar 31, 2025 · Payment Jun 23, 2025

Dividend

Ex-dividend Mar 28, 2024

¥47.00

Special

Record Mar 31, 2024 · Payment Jun 24, 2024

Dividend

Ex-dividend Mar 30, 2023

¥37.00

Special

Record Mar 31, 2023 · Payment Jun 26, 2023

Dividend

Ex-dividend Mar 30, 2022

¥31.00

Annual

Record Mar 31, 2022 · Payment Jun 27, 2022

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ETFs holding 1950.T

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core TOPIX ETF logoiShares Core TOPIX ETF1475.T
Market value
366.63M
Weight
0.01%
AUM
2.89T JPY
Expense ratio
0.05%
Price / 1D
¥418.6+0.14%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
11.32M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
7.94M
Weight
0.00%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
4.25M
Weight
0.00%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.85+0.86%
Vanguard FTSE All-World ex-US Small-Cap ETF logoVanguard FTSE All-World ex-US Small-Cap ETFVSS
Market value
2.95M
Weight
0.02%
AUM
13.6B USD
Expense ratio
0.06%
Price / 1D
$160.06+0.43%
iShares MSCI EAFE Small-Cap ETF logoiShares MSCI EAFE Small-Cap ETFSCZ
Market value
2.94M
Weight
0.02%
AUM
13.28B USD
Expense ratio
0.40%
Price / 1D
$86.60+0.70%
Schwab International Small-Cap Equity ETF logoSchwab International Small-Cap Equity ETFSCHC
Market value
1.67M
Weight
0.03%
AUM
5.73B USD
Expense ratio
0.06%
Price / 1D
$51.25+0.61%
Avantis International Small Cap Value ETF logoAvantis International Small Cap Value ETFAVDV
Market value
1.14M
Weight
0.01%
AUM
20.24B USD
Expense ratio
0.36%
Price / 1D
$111.95+1.06%

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