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Nippon Kodoshi Corporation logo

Nippon Kodoshi Corporation

3891.T

JPXTechnologyHardware, Equipment & Parts

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Latest quote

¥6,330

−¥110 · -1.71%

Aug 24, 2:39 PM JST

3891.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Nippon Kodoshi Corporation manufactures and sells separators in Japan and internationally. It offers separators for low, medium, and high voltage aluminum electrolytic capacitors; conductive polymer solid capacitors; hybrid capacitors; cellulion separators for lithium-ion batteries; and electric double-layer capacitors and post-lithium-ion batteries. The company was incorporated in 1941 and is headquartered in Kochi, Japan.

Industry
Hardware, Equipment & Parts
Sector
Technology
Headquarters
JP
CEO
Masamichi Terabatake
Listed since
Feb 19, 1996
Employees
462

Market position

Day range

Current ¥6,330

52-week range

Current ¥6,330

Open
¥6,340
Previous close
¥6,440
Volume
145.5K
0.64× average
Average volume
228.3K
Average daily volume
Market cap
66.76B JPY
Beta
2.12
Market reference 1
50-day average
¥8,000.8
-20.88% below average
200-day average
¥5,244.06
+20.71% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
37.32B JPY
P/E (TTM)
20.15×
P/B (TTM)
2.46×
P/S (TTM)
3.33×
EV / EBITDA
7.35×
Earnings yield
7.29%
Free cash flow yield
10.33%
Dividend yield
1.42%

Profitability & efficiency

Gross margin
33.50%
Operating margin
22.24%
Net margin
16.54%
Return on equity
10.09%
Return on assets
7.42%
Return on invested capital
8.09%

Financial health

Debt / equity
0.21×
Current ratio
3.04×
Altman Z-score
6.74
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends36%27%17%8%Gross margin, FY2021: 34.03%Gross margin, FY2022: 31.45%Gross margin, FY2023: 24.63%Gross margin, FY2024: 27.76%Gross margin, FY2025: 30.58%Operating margin, FY2021: 22.50%Operating margin, FY2022: 18.92%Operating margin, FY2023: 11.59%Operating margin, FY2024: 15.35%Operating margin, FY2025: 18.97%Net margin, FY2021: 16.15%Net margin, FY2022: 14.04%Net margin, FY2023: 9.98%Net margin, FY2024: 11.11%Net margin, FY2025: 14.19%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 34.03%. Gross margin FY2022 31.45%. Gross margin FY2023 24.63%. Gross margin FY2024 27.76%. Gross margin FY2025 30.58%. Operating margin FY2021 22.50%. Operating margin FY2022 18.92%. Operating margin FY2023 11.59%. Operating margin FY2024 15.35%. Operating margin FY2025 18.97%. Net margin FY2021 16.15%. Net margin FY2022 14.04%. Net margin FY2023 9.98%. Net margin FY2024 11.11%. Net margin FY2025 14.19%.

Income trends

Revenue

18.62B JPY+16.16%

Operating income

3.53B JPY+43.60%

Net income

2.64B JPY+48.39%
Income trends across reported periods20.34B JPY13.48B JPY6.62B JPY−235.28M JPYRevenue, FY2021: 18.07B JPYRevenue, FY2022: 17.59B JPYRevenue, FY2023: 14.83B JPYRevenue, FY2024: 16.03B JPYRevenue, FY2025: 18.62B JPYOperating income, FY2021: 4.07B JPYOperating income, FY2022: 3.33B JPYOperating income, FY2023: 1.72B JPYOperating income, FY2024: 2.46B JPYOperating income, FY2025: 3.53B JPYNet income, FY2021: 2.92B JPYNet income, FY2022: 2.47B JPYNet income, FY2023: 1.48B JPYNet income, FY2024: 1.78B JPYNet income, FY2025: 2.64B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 18.07B JPY. Revenue FY2022 17.59B JPY. Revenue FY2023 14.83B JPY. Revenue FY2024 16.03B JPY. Revenue FY2025 18.62B JPY. Operating income FY2021 4.07B JPY. Operating income FY2022 3.33B JPY. Operating income FY2023 1.72B JPY. Operating income FY2024 2.46B JPY. Operating income FY2025 3.53B JPY. Net income FY2021 2.92B JPY. Net income FY2022 2.47B JPY. Net income FY2023 1.48B JPY. Net income FY2024 1.78B JPY. Net income FY2025 2.64B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue18.62B JPY16.03B JPY14.83B JPY17.59B JPY18.07B JPY
Cost of goods sold12.93B JPY11.58B JPY11.18B JPY12.06B JPY11.92B JPY
Gross profit5.7B JPY4.45B JPY3.65B JPY5.53B JPY6.15B JPY
Research and development——488M JPY418M JPY424M JPY
Selling, general, and administrative2.16B JPY1.99B JPY1.85B JPY2.15B JPY2.03B JPY
Operating expenses2.16B JPY1.99B JPY1.93B JPY2.2B JPY2.08B JPY
Interest income29.75M JPY28.12M JPY18.35M JPY9.02M JPY6.47M JPY
Interest expense53.61M JPY41.23M JPY13.07M JPY5.52M JPY3.68M JPY
Depreciation and amortization1.42B JPY1.03B JPY1.43B JPY1.41B JPY1.36B JPY
Operating income3.53B JPY2.46B JPY1.72B JPY3.33B JPY4.07B JPY
Net income2.64B JPY1.78B JPY1.48B JPY2.47B JPY2.92B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
120.14

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates128.0691.3654.6717.97Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 31, 2024: actual 49.41, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 30, 2025: actual 35.13, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 24, 2025: actual 21.14, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 56.72, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 30, 2025: actual 61.23, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 29, 2026: actual 72.46, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 24, 2026: actual 60.26, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 31, 2026: actual 120.14, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates6.3B5.39B4.48B3.57BQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 30, 2025: actual 3.97B JPY, estimate 4.2B JPY, surprise -5.45%, Miss. Q2 2025, reported Apr 24, 2025: actual 3.85B JPY, estimate 3.82B JPY, surprise +0.87%, Beat. Q3 2025, reported Jul 31, 2025: actual 4.65B JPY, estimate 4B JPY, surprise +16.15%, Beat. Q4 2025, reported Oct 30, 2025: actual 4.7B JPY, estimate 4.35B JPY, surprise +7.97%, Beat. Q1 2026, reported Jan 29, 2026: actual 4.54B JPY, estimate 4.7B JPY, surprise -3.34%, Miss. Q2 2026, reported Apr 24, 2026: actual 4.73B JPY, estimate 4.46B JPY, surprise +6.14%, Beat. Q3 2026, reported Jul 31, 2026: actual 6.05B JPY, estimate 5.23B JPY, surprise +15.85%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 5.9B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥75.00

2025 complete year+212.5% since 2021

2026 partial: ¥50.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥55.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥55.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥50.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 25, 2026

Dividend

Ex-dividend Sep 29, 2025

¥40.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 2, 2025

Dividend

Ex-dividend Mar 28, 2025

¥35.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 20, 2025

Dividend

Ex-dividend Sep 27, 2024

¥25.00

Semi-Annual

Record Sep 30, 2024

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ETFs holding 3891.T

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

Avantis International Small Cap Value ETF logoAvantis International Small Cap Value ETFAVDV
Market value
1.7M
Weight
0.01%
AUM
20.24B USD
Expense ratio
0.36%
Price / 1D
$111.95+1.06%
Dimensional - International Small Cap ETF logoDimensional - International Small Cap ETFDFIS
Market value
601.51K
Weight
0.01%
AUM
5.91B USD
Expense ratio
0.39%
Price / 1D
$37.545+0.71%
Dimensional - International Core Equity 2 ETF logoDimensional - International Core Equity 2 ETFDFIC
Market value
367.59K
Weight
0.00%
AUM
15.43B USD
Expense ratio
0.22%
Price / 1D
$39.405+0.83%
Dimensional - International Core Equity Market ETF logoDimensional - International Core Equity Market ETFDFAI
Market value
263.16K
Weight
0.00%
AUM
18.23B USD
Expense ratio
0.18%
Price / 1D
$43.35+0.81%
Avantis International Equity ETF logoAvantis International Equity ETFAVDE
Market value
196.7K
Weight
—
AUM
19.1B USD
Expense ratio
0.23%
Price / 1D
$94.26+0.87%
Dimensional World ex U.S. Core Equity 2 ETF logoDimensional World ex U.S. Core Equity 2 ETFDFAX
Market value
196.33K
Weight
0.00%
AUM
12.57B USD
Expense ratio
0.28%
Price / 1D
$38.16+0.82%
Avantis International Small Cap Equity ETF logoAvantis International Small Cap Equity ETFAVDS
Market value
49.18K
Weight
0.01%
AUM
340.61M USD
Expense ratio
0.30%
Price / 1D
$80.49+0.93%

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