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Nippi,Incorporated logo

Nippi,Incorporated

7932.T

JPXConsumer CyclicalApparel - Footwear & Accessories

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Latest quote

¥11,840

+¥90.00 · +0.77%

Aug 24, 3:30 PM JST

7932.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Headquartered in Tokyo, Japan, Nippi, Incorporated is a diversified global enterprise established in 1907. The company's operations span several key sectors, including the manufacture and distribution of collagen casings for food, pharmaceutical, and cosmetic applications, as well as gelatin and collagen peptides used in food products, medicines, and photographic materials. Nippi also develops and markets collagen-based cosmetics and health-enhancing functional foods. Its functional polymer division offers Nippi Linker, a vinyl chloride resin vital for electrical wiring and masking films, and Nippi V Foam, a specialty vinyl chloride foam for automotive, quilt, and novelty product manufacturing. Furthermore, Nippi is active in life sciences, providing laminin, laboratory equipment, reagents, contract services, and BSE test kits. The company also produces leather goods for the automotive sector and manages real estate leasing. Founded as The Japan Leather Mfg. Co., Ltd., the company officially became Nippi, Incorporated in February 1974.

Industry
Apparel - Footwear & Accessories
Sector
Consumer Cyclical
Headquarters
JP
CEO
Yuko Ito
Listed since
Jan 4, 2000
Employees
630

Market position

Day range

Current ¥11,840

52-week range

Current ¥11,840

Open
¥11,690
Previous close
¥11,750
Volume
4.8K
0.62× average
Average volume
7.74K
Average daily volume
Market cap
33.15B JPY
Beta
0.67
Market reference 1
50-day average
¥11,895.6
-0.47% below average
200-day average
¥12,681.65
-6.64% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
36.5B JPY
P/E (TTM)
13.3×
P/B (TTM)
0.83×
P/S (TTM)
0.7×
EV / EBITDA
7.1×
Earnings yield
8.19%
Free cash flow yield
7.11%
Dividend yield
5.88%

Profitability & efficiency

Gross margin
30.12%
Operating margin
8.33%
Net margin
5.36%
Return on equity
6.89%
Return on assets
4.04%
Return on invested capital
5.08%

Financial health

Debt / equity
0.28×
Current ratio
2.1×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends32%22%11%-0%Gross margin, FY2021: 25.15%Gross margin, FY2022: 23.23%Gross margin, FY2023: 25.96%Gross margin, FY2024: 26.81%Gross margin, FY2025: 29.65%Operating margin, FY2021: 4.47%Operating margin, FY2022: 3.29%Operating margin, FY2023: 7.37%Operating margin, FY2024: 7.38%Operating margin, FY2025: 8.79%Net margin, FY2021: 2.91%Net margin, FY2022: 2.61%Net margin, FY2023: 5.20%Net margin, FY2024: 5.00%Net margin, FY2025: 5.99%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 25.15%. Gross margin FY2022 23.23%. Gross margin FY2023 25.96%. Gross margin FY2024 26.81%. Gross margin FY2025 29.65%. Operating margin FY2021 4.47%. Operating margin FY2022 3.29%. Operating margin FY2023 7.37%. Operating margin FY2024 7.38%. Operating margin FY2025 8.79%. Net margin FY2021 2.91%. Net margin FY2022 2.61%. Net margin FY2023 5.20%. Net margin FY2024 5.00%. Net margin FY2025 5.99%.

Income trends

Revenue

47.25B JPY-3.84%

Operating income

4.16B JPY+14.53%

Net income

2.83B JPY+15.22%
Income trends across reported periods53.94B JPY34.74B JPY15.54B JPY−3.65B JPYRevenue, FY2021: 39.35B JPYRevenue, FY2022: 44.81B JPYRevenue, FY2023: 49.05B JPYRevenue, FY2024: 49.14B JPYRevenue, FY2025: 47.25B JPYOperating income, FY2021: 1.76B JPYOperating income, FY2022: 1.47B JPYOperating income, FY2023: 3.61B JPYOperating income, FY2024: 3.63B JPYOperating income, FY2025: 4.16B JPYNet income, FY2021: 1.15B JPYNet income, FY2022: 1.17B JPYNet income, FY2023: 2.55B JPYNet income, FY2024: 2.46B JPYNet income, FY2025: 2.83B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 39.35B JPY. Revenue FY2022 44.81B JPY. Revenue FY2023 49.05B JPY. Revenue FY2024 49.14B JPY. Revenue FY2025 47.25B JPY. Operating income FY2021 1.76B JPY. Operating income FY2022 1.47B JPY. Operating income FY2023 3.61B JPY. Operating income FY2024 3.63B JPY. Operating income FY2025 4.16B JPY. Net income FY2021 1.15B JPY. Net income FY2022 1.17B JPY. Net income FY2023 2.55B JPY. Net income FY2024 2.46B JPY. Net income FY2025 2.83B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue47.25B JPY49.14B JPY49.05B JPY44.81B JPY39.35B JPY
Cost of goods sold33.24B JPY35.97B JPY36.32B JPY34.4B JPY29.45B JPY
Gross profit14.01B JPY13.17B JPY12.73B JPY10.41B JPY9.9B JPY
Research and development—595M JPY596M JPY818M JPY518M JPY
Selling, general, and administrative9.86B JPY8.95B JPY8.52B JPY8.12B JPY7.62B JPY
Operating expenses9.86B JPY9.55B JPY9.12B JPY8.94B JPY8.14B JPY
Interest income19M JPY19M JPY5M JPY1M JPY2M JPY
Interest expense155M JPY130M JPY127M JPY132M JPY129M JPY
Depreciation and amortization983M JPY1.28B JPY1.54B JPY1.33B JPY1.37B JPY
Operating income4.16B JPY3.63B JPY3.61B JPY1.47B JPY1.76B JPY
Net income2.83B JPY2.46B JPY2.55B JPY1.17B JPY1.15B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
993.39
FY2025 · +16.27% year over year
Latest fiscal-year revenue
47.25B JPY
FY2025 · -3.84% year over year

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend1,052.95814.7576.45338.2FY21FY22FY23FY24FY25

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend50.12B46.2B42.29B38.37BFY21FY22FY23FY24FY25

Corporate actions

Annual dividends per share

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

¥600

2025 complete year+757.1% since 2021

2026 partial: ¥696

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Mar 30, 2027

¥701

Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥696

Annual

Record Mar 31, 2026 · Payment Jun 29, 2026

Dividend

Ex-dividend Mar 28, 2025

¥600

Annual

Record Mar 31, 2025 · Payment Jun 27, 2025

Dividend

Ex-dividend Mar 28, 2024

¥220

Annual

Record Mar 31, 2024 · Payment Jun 27, 2024

Dividend

Ex-dividend Mar 30, 2023

¥80.00

Annual

Record Mar 31, 2023 · Payment Jun 29, 2023

Dividend

Ex-dividend Mar 30, 2022

¥60.00

Annual

Record Mar 31, 2022 · Payment Jun 30, 2022

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ETFs holding 7932.T

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

Dimensional - International Small Cap ETF logoDimensional - International Small Cap ETFDFIS
Market value
199.57K
Weight
0.00%
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
96.09K
Weight
0.00%
AUM
15.43B USD
Expense ratio
0.22%
Price / 1D
$39.405+0.83%
Dimensional World ex U.S. Core Equity 2 ETF logoDimensional World ex U.S. Core Equity 2 ETFDFAX
Market value
88.7K
Weight
0.00%
AUM
12.57B USD
Expense ratio
0.28%
Price / 1D
$38.16+0.82%
Dimensional - International Core Equity Market ETF logoDimensional - International Core Equity Market ETFDFAI
Market value
88.7K
Weight
0.00%
AUM
18.23B USD
Expense ratio
0.18%
Price / 1D
$43.35+0.81%
Dimensional - International Small Cap Value ETF logoDimensional - International Small Cap Value ETFDISV
Market value
59.13K
Weight
0.00%
AUM
5.23B USD
Expense ratio
0.42%
Price / 1D
$44.49+0.86%
Avantis International Small Cap Equity ETF logoAvantis International Small Cap Equity ETFAVDS
Market value
14.6K
Weight
—
AUM
340.61M USD
Expense ratio
0.30%
Price / 1D
$80.49+0.93%

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