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Naikai Zosen Corporation logo

Naikai Zosen Corporation

7018.T

JPXIndustrialsAerospace & Defense

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Latest quote

¥11,800

+¥380 · +3.33%

Aug 24, 3:30 PM JST

7018.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Based in Japan, Naikai Zosen Corporation operates as a shipbuilding enterprise, constructing a diverse range of maritime vessels. Its extensive portfolio encompasses various passenger and cargo ships, including ferries, car carriers, container ships, bulk carriers, general cargo vessels, and ro-ro ships. The company also specializes in building an assortment of tankers, such as product, chemical, and LPG/LAG/LEG types, alongside refrigerated cargo ships and specialized craft like research, investigation, and patrol vessels. In addition to new constructions, Naikai Zosen Corporation provides repair and refurbishment services for both commercial and governmental vessels. The company was established in 1940 and is headquartered in Onomichi, Japan.

Industry
Aerospace & Defense
Sector
Industrials
Headquarters
JP
CEO
Hiroshi Terao
Listed since
Jan 9, 2001
Employees
600

Market position

Day range

Current ¥11,800

52-week range

Current ¥11,800

Open
¥11,400
Previous close
¥11,420
Volume
31.2K
1.1× average
Average volume
28.41K
Average daily volume
Market cap
20B JPY
Beta
-0.39
Market reference 1
50-day average
¥10,307.2
+14.48% above average
200-day average
¥13,246
-10.92% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
14.54B JPY
P/E (TTM)
7.17×
P/B (TTM)
1.4×
P/S (TTM)
0.4×
EV / EBITDA
3.65×
Earnings yield
10.13%
Free cash flow yield
49.44%
Dividend yield
0.85%

Profitability & efficiency

Gross margin
10.65%
Operating margin
7.98%
Net margin
5.65%
Return on equity
17.02%
Return on assets
4.88%
Return on invested capital
12.76%

Financial health

Debt / equity
0.15×
Current ratio
1.1×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends10%7%3%-0%Gross margin, FY2021: 4.71%Gross margin, FY2022: 4.97%Gross margin, FY2023: 9.18%Gross margin, FY2024: 5.70%Gross margin, FY2025: 9.34%Operating margin, FY2021: 1.40%Operating margin, FY2022: 2.04%Operating margin, FY2023: 6.86%Operating margin, FY2024: 3.17%Operating margin, FY2025: 6.54%Net margin, FY2021: 0.43%Net margin, FY2022: 1.96%Net margin, FY2023: 4.87%Net margin, FY2024: 2.28%Net margin, FY2025: 4.89%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 4.71%. Gross margin FY2022 4.97%. Gross margin FY2023 9.18%. Gross margin FY2024 5.70%. Gross margin FY2025 9.34%. Operating margin FY2021 1.40%. Operating margin FY2022 2.04%. Operating margin FY2023 6.86%. Operating margin FY2024 3.17%. Operating margin FY2025 6.54%. Net margin FY2021 0.43%. Net margin FY2022 1.96%. Net margin FY2023 4.87%. Net margin FY2024 2.28%. Net margin FY2025 4.89%.

Income trends

Revenue

47.02B JPY+5.30%

Operating income

3.08B JPY+117.23%

Net income

2.3B JPY+126.06%
Income trends across reported periods51.7B JPY32.95B JPY14.2B JPY−4.54B JPYRevenue, FY2021: 33.04B JPYRevenue, FY2022: 37.62B JPYRevenue, FY2023: 46.38B JPYRevenue, FY2024: 44.65B JPYRevenue, FY2025: 47.02B JPYOperating income, FY2021: 463M JPYOperating income, FY2022: 766M JPYOperating income, FY2023: 3.18B JPYOperating income, FY2024: 1.42B JPYOperating income, FY2025: 3.08B JPYNet income, FY2021: 143M JPYNet income, FY2022: 737M JPYNet income, FY2023: 2.26B JPYNet income, FY2024: 1.02B JPYNet income, FY2025: 2.3B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 33.04B JPY. Revenue FY2022 37.62B JPY. Revenue FY2023 46.38B JPY. Revenue FY2024 44.65B JPY. Revenue FY2025 47.02B JPY. Operating income FY2021 463M JPY. Operating income FY2022 766M JPY. Operating income FY2023 3.18B JPY. Operating income FY2024 1.42B JPY. Operating income FY2025 3.08B JPY. Net income FY2021 143M JPY. Net income FY2022 737M JPY. Net income FY2023 2.26B JPY. Net income FY2024 1.02B JPY. Net income FY2025 2.3B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue47.02B JPY44.65B JPY46.38B JPY37.62B JPY33.04B JPY
Cost of goods sold42.62B JPY42.1B JPY42.13B JPY35.75B JPY31.48B JPY
Gross profit4.39B JPY2.55B JPY4.26B JPY1.87B JPY1.56B JPY
Research and development87M JPY134M JPY161M JPY177M JPY185M JPY
Selling, general, and administrative1.23B JPY995M JPY911M JPY928M JPY908M JPY
Operating expenses1.32B JPY1.13B JPY1.07B JPY1.11B JPY1.09B JPY
Interest income26M JPY15M JPY———
Interest expense67M JPY100M JPY143M JPY131M JPY108M JPY
Depreciation and amortization905M JPY817M JPY815M JPY830M JPY813M JPY
Operating income3.08B JPY1.42B JPY3.18B JPY766M JPY463M JPY
Net income2.3B JPY1.02B JPY2.26B JPY737M JPY143M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
523.04

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates558.59394.69230.7866.88Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 7, 2024: actual 87.32, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 5, 2025: actual 310.95, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual 78.68, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 5, 2025: actual 233.47, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 6, 2025: actual 406.07, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 5, 2026: actual 287.7, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 12, 2026: actual 429.36, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 523.04, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates14.58B12.64B10.71B8.77BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 7, 2024: actual 9.33B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 5, 2025: actual 12B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual 9.86B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 5, 2025: actual 10.19B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 6, 2025: actual 11.46B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 5, 2026: actual 11.34B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 12, 2026: actual 14.02B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 12.59B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥40.00

2025 complete year+33.3% since 2020

2026 partial: ¥100

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Mar 30, 2027

¥40.00

Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥100

Annual

Record Mar 31, 2026 · Payment Jun 29, 2026

Dividend

Ex-dividend Mar 28, 2025

¥40.00

Annual

Record Mar 31, 2025 · Payment Jun 30, 2025

Dividend

Ex-dividend Mar 28, 2024

¥100

Annual

Record Mar 31, 2024 · Payment Jun 24, 2024

Dividend

Ex-dividend Mar 30, 2023

¥40.00

Annual

Record Mar 31, 2023 · Payment Jun 26, 2023

Dividend

Ex-dividend Mar 30, 2022

¥20.00

Annual

Record Mar 31, 2022 · Payment Jun 27, 2022

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