Financials

Nakanishi: 25 fiscal years of results, 2002–2025

Revenue · FYE Dec 2025
¥81bn
Operating profit · FYE Dec 2025
¥14bn
Net profit · FYE Dec 2025
-¥2.4bn
Total assets
¥160bn
Equity ratio
71.2%
Fiscal years on record
25 · 2002–2025

This page carries 25 fiscal years of results, from 2002 to 2025. Revenue is at its highest on record in the latest year filed. The company reported a net loss in one year: 2025.

Nakanishi: long-term performance & turning pointsSales (revenue) and profit-margin ratio
Sales (¥ bn)Net margin (%)
Long-term results, every fiscal year on record (¥ bn). Scroll sideways for earlier years.
Fiscal year Unit 2002 FYE Feb 2003 FYE Feb 2004 FYE Feb 2005 FYE Feb 2005 FYE Dec 2006 FYE Dec 2007 FYE Dec 2008 FYE Dec 2009 FYE Dec 2010 FYE Dec 2011 FYE Dec 2012 FYE Dec 2013 FYE Dec 2014 FYE Dec 2015 FYE Dec 2016 FYE Dec 2017 FYE Dec 2018 FYE Dec 2019 FYE Dec 2020 FYE Dec 2021 FYE Dec 2022 FYE Dec 2023 FYE Dec 2024 FYE Dec 2025 FYE Dec
Revenue JPY ¥9.4bn¥11bn¥12bn¥15bn¥15bn¥20bn¥22bn¥23bn¥20bn¥22bn¥22bn¥23bn¥26bn¥31bn¥32bn¥32bn¥34bn¥37bn¥35bn¥33bn¥45bn¥49bn¥60bn¥77bn¥81bn
YoY % +16.0%+8.3%+24.6%+35.1%+12.0%+2.7%-13.0%+11.0%+0.5%+1.3%+15.9%+17.9%+3.2%-0.3%+7.9%+6.4%-3.0%-6.5%+35.6%+8.5%+22.6%+29.0%+5.5%
Operating profit JPY ¥5.2bn¥7.0bn¥7.8bn¥7.8bn¥6.2bn¥7.6bn¥7.2bn¥6.7bn¥7.5bn¥9.3bn¥9.6bn¥8.5bn¥9.5bn¥9.7bn¥9.3bn¥8.5bn¥14bn¥15bn¥14bn¥15bn¥14bn
YoY % +34.6%+11.4%0.0%-20.5%+22.6%-5.3%-6.9%+11.9%+24.0%+3.2%-11.5%+11.8%+2.1%-4.1%-8.6%+62.4%+11.6%-7.1%+2.1%-3.4%
Ordinary profit JPY ¥3.1bn¥3.8bn¥3.5bn¥5.4bn¥5.9bn¥7.5bn¥8.1bn¥6.5bn¥6.9bn¥7.3bn¥7.1bn¥7.0bn¥8.3bn¥11bn¥9.9bn¥7.6bn¥10bn¥11bn¥9.8bn¥8.6bn¥14bn¥18bn¥17bn¥17bn¥17bn
Net profit JPY ¥1.7bn¥2.2bn¥2.2bn¥3.2bn¥3.6bn¥4.6bn¥4.9bn¥3.9bn¥4.3bn¥4.7bn¥4.7bn¥4.3bn¥4.7bn¥7.0bn¥6.2bn¥5.3bn¥7.3bn¥7.6bn¥7.1bn¥6.5bn¥10bn¥13bn¥23bn¥8.6bn-¥2.4bn
YoY % +29.4%0.0%+45.5%+27.8%+6.5%-20.4%+10.3%+9.3%0.0%-8.5%+9.3%+48.9%-11.4%-14.5%+37.7%+4.1%-6.6%-8.5%+55.4%+23.8%+82.4%-62.3%-127.9%
Operating margin % 35.1%35.0%34.8%33.9%31.0%34.2%32.3%29.6%28.6%30.1%30.1%26.7%27.7%26.6%26.3%25.7%30.7%31.6%24.0%19.0%17.4%
Net margin % 18.1%20.2%18.6%21.8%24.3%23.0%21.9%17.0%21.5%21.2%21.1%19.0%17.9%22.7%19.4%16.7%21.3%20.8%20.1%19.6%22.5%25.7%38.2%11.2%-3.0%
Standard Japanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAPJapanese GAAP
Basis ConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidatedConsolidated
Cost structure Cost of sales SG&A Operating profit Operating margin

Where each yen of revenue goes — cost of sales, SG&A and what is left as operating profit (¥ bn, stacked)

Revenue and its cost lines, every year the breakdown was filed (¥ bn).
Fiscal year Unit 2005 *1 FYE Dec 2006 *1 FYE Dec 2007 *1 FYE Dec 2008 *1 FYE Dec 2009 *1 FYE Dec 2010 *1 FYE Dec 2011 *1 FYE Dec 2012 *1 FYE Dec 2013 *1 FYE Dec 2014 *1 FYE Dec 2015 *1 FYE Dec 2016 *1 FYE Dec 2017 *1 FYE Dec 2018 *1 FYE Dec 2019 *1 FYE Dec 2020 *1 FYE Dec 2021 *1 FYE Dec 2022 *1 FYE Dec 2023 *1 FYE Dec 2024 *1 FYE Dec 2025 *1 FYE Dec
Revenue JPY ¥15bn¥20bn¥22bn¥23bn¥20bn¥22bn¥22bn¥23bn¥26bn¥31bn¥32bn¥32bn¥34bn¥37bn¥35bn¥33bn¥45bn¥49bn¥60bn¥77bn¥81bn
YoY % +34.5%+12.0%+3.0%-13.2%+11.2%+0.2%+1.4%+16.2%+17.8%+3.1%-0.1%+7.9%+6.4%-3.1%-6.7%+35.7%+8.5%+22.6%+29.1%+5.4%
Cost of sales JPY ¥6.1bn¥7.8bn¥8.5bn¥8.7bn¥7.7bn¥8.8bn¥8.8bn¥9.0bn¥10bn¥12bn¥12bn¥13bn¥14bn¥15bn¥14bn¥13bn¥18bn¥17bn¥24bn¥33bn¥35bn
SG&A JPY ¥3.5bn¥5.1bn¥6.1bn¥6.5bn¥6.0bn¥5.8bn¥6.3bn¥6.9bn¥8.2bn¥9.5bn¥10bn¥10bn¥11bn¥12bn¥12bn¥11bn¥14bn¥16bn¥22bn¥30bn¥32bn
Operating profit JPY ¥5.2bn¥7.0bn¥7.8bn¥7.8bn¥6.2bn¥7.6bn¥7.2bn¥6.7bn¥7.5bn¥9.3bn¥9.6bn¥8.5bn¥9.5bn¥9.7bn¥9.3bn¥8.5bn¥14bn¥15bn¥14bn¥15bn¥14bn
YoY % +35.0%+10.4%+0.6%-20.2%+21.7%-5.4%-7.4%+13.2%+23.1%+3.4%-11.9%+11.9%+2.7%-4.3%-8.1%+61.0%+11.9%-7.4%+2.4%-3.5%
Operating margin % 35.2%35.3%34.8%34.0%31.3%34.2%32.3%29.5%28.8%30.1%30.1%26.6%27.6%26.6%26.3%25.8%30.7%31.6%23.9%18.9%17.4%
Change pp +0.1pp-0.5pp-0.8pp-2.7pp+2.9pp-1.9pp-2.8pp-0.7pp+1.3pp0.0pp-3.5pp+1.0pp-1.0pp-0.3pp-0.5pp+4.9pp+0.9pp-7.7pp-5.0pp-1.5pp
  • *1 Securities report (yuka shoken hokokusho), as filed
Balance sheet Total assets Equity Interest-bearing debt Equity ratio

Total assets, equity and interest-bearing debt (¥ bn), with the equity ratio (%)

Balance-sheet totals, every year on record (¥ bn).
Fiscal year Unit 2012 *1 FYE Dec 2013 *1 FYE Dec 2014 *1 FYE Dec 2015 *1 FYE Dec 2016 *1 FYE Dec 2017 *1 FYE Dec 2018 *1 FYE Dec 2019 *1 FYE Dec 2020 *1 FYE Dec 2021 *1 FYE Dec 2022 *1 FYE Dec 2023 *1 FYE Dec 2024 *1 FYE Dec 2025 *1 FYE Dec
Total assets JPY ¥43bn¥51bn¥56bn¥58bn¥62bn¥70bn¥73bn¥78bn¥82bn¥94bn¥103bn¥141bn¥158bn¥160bn
YoY % +18.3%+10.2%+4.6%+5.9%+12.3%+5.4%+5.8%+6.4%+14.5%+8.7%+37.2%+12.5%+1.2%
Equity JPY ¥39bn¥45bn¥50bn¥53bn¥56bn¥63bn¥67bn¥72bn¥76bn¥83bn¥91bn¥113bn¥121bn¥114bn
YoY % +14.8%+12.0%+5.8%+5.7%+12.7%+6.6%+8.0%+5.2%+8.7%+9.8%+24.3%+7.1%-5.9%
Interest-bearing debt JPY ¥0.1bn¥0.1bn¥0.1bn¥0.1bn¥0.1bn¥0.1bn¥0.1bn¥0.5bn¥12bn¥17bn¥19bn
Equity ratio % 90.6%87.9%89.4%90.3%90.2%90.6%91.6%93.5%92.5%87.8%88.7%80.4%76.6%71.2%
Change pp -2.7pp+1.5pp+0.9pp-0.1pp+0.4pp+1.0pp+1.9pp-1.0pp-4.7pp+0.9pp-8.3pp-3.8pp-5.4pp
  • *1 Securities report (yuka shoken hokokusho), as filed
Cash flow Operating CF Investing CF Financing CF

Cash generated by operations, spent on investment and raised or repaid in financing (¥ bn)

Cash flows as filed, every year on record (¥ bn). A negative figure is cash out.
Fiscal year Unit 2002 *1 FYE Feb 2003 *1 FYE Feb 2004 *1 FYE Feb 2005 *1 FYE Feb 2005 *1 FYE Dec 2006 *1 FYE Dec 2007 *1 FYE Dec 2008 *1 FYE Dec 2009 *1 FYE Dec 2010 *1 FYE Dec 2011 *1 FYE Dec 2012 *1 FYE Dec 2013 *1 FYE Dec 2014 *1 FYE Dec 2015 *1 FYE Dec 2016 *1 FYE Dec 2017 *1 FYE Dec 2018 *1 FYE Dec 2019 *1 FYE Dec 2020 *1 FYE Dec 2021 *1 FYE Dec 2022 *1 FYE Dec 2023 *1 FYE Dec 2024 *1 FYE Dec 2025 *1 FYE Dec
Operating CF JPY ¥0.6bn¥1.9bn¥1.7bn¥3.7bn¥2.4bn¥4.3bn¥4.3bn¥4.3bn¥6.2bn¥4.4bn¥5.1bn¥4.4bn¥6.1bn¥7.7bn¥5.8bn¥5.4bn¥6.5bn¥8.7bn¥7.0bn¥9.2bn¥12bn¥7.8bn¥8.6bn¥15bn¥17bn
YoY % +213.8%-13.2%+118.7%+77.8%+1.2%-2.1%+44.6%-28.0%+15.0%-13.0%+38.0%+25.4%-24.9%-6.8%+21.2%+33.1%-19.1%+30.8%+30.3%-35.1%+10.2%+78.8%+8.8%
Investing CF JPY -¥0.3bn-¥1.1bn-¥2.5bn-¥2.9bn-¥1.5bn-¥3.9bn-¥3.3bn¥4.4bn-¥2.8bn-¥0.7bn-¥3.2bn-¥1.7bn-¥5.4bn-¥0.6bn-¥2.6bn¥0.8bn-¥5.3bn-¥1.7bn-¥4.3bn-¥1.4bn-¥4.1bn-¥6.3bn-¥19bn-¥7.9bn-¥8.7bn
Financing CF JPY -¥0.6bn-¥0.1bn-¥0.1bn-¥0.0bn-¥0.3bn-¥0.4bn-¥0.6bn-¥6.1bn-¥3.3bn-¥1.3bn-¥1.1bn-¥1.5bn-¥0.9bn-¥2.3bn-¥2.4bn-¥1.6bn-¥1.8bn-¥2.5bn-¥2.8bn-¥2.7bn-¥4.0bn-¥6.1bn¥3.4bn¥0.6bn¥0.7bn
Cash & equivalents JPY ¥1.7bn¥2.4bn¥1.4bn¥2.1bn¥2.8bn¥3.0bn¥3.5bn¥5.5bn¥5.8bn¥7.6bn¥8.2bn¥8.2bn¥11bn¥16bn¥16bn¥21bn¥21bn¥25bn¥25bn¥30bn¥35bn¥32bn¥26bn¥35bn¥46bn
YoY % +37.7%-43.2%+54.1%+7.9%+15.9%+55.7%+5.7%+31.7%+7.3%0.0%+32.9%+44.5%+0.1%+31.7%+0.1%+20.0%-1.0%+21.8%+16.1%-9.3%-17.9%+35.6%+30.5%
  • *1 Securities report (yuka shoken hokokusho), as filed
Key ratios Operating margin Net margin ROE Equity ratio

Profitability and balance-sheet strength (%). ROE uses year-end equity.

Ratios by fiscal year (%), with the year-on-year move in percentage points. Derived from the filed figures above.
Fiscal year Unit 2002 *1 FYE Feb 2003 *1 FYE Feb 2004 *1 FYE Feb 2005 *1 FYE Dec 2006 *1 FYE Dec 2007 *1 FYE Dec 2008 *1 FYE Dec 2009 *1 FYE Dec 2010 *1 FYE Dec 2011 *1 FYE Dec 2012 *1 FYE Dec 2013 *1 FYE Dec 2014 *1 FYE Dec 2015 *1 FYE Dec 2016 *1 FYE Dec 2017 *1 FYE Dec 2018 *1 FYE Dec 2019 *1 FYE Dec 2020 *1 FYE Dec 2021 *1 FYE Dec 2022 *1 FYE Dec 2023 *1 FYE Dec 2024 *1 FYE Dec 2025 *1 FYE Dec
Operating margin % 35.2%35.3%34.8%34.0%31.3%34.2%32.3%29.5%28.8%30.1%30.1%26.6%27.6%26.6%26.3%25.8%30.7%31.6%23.9%18.9%17.4%
Change pp +0.1pp-0.5pp-0.8pp-2.7pp+2.9pp-1.9pp-2.8pp-0.7pp+1.3pp0.0pp-3.5pp+1.0pp-1.0pp-0.3pp-0.5pp+4.9pp+0.9pp-7.7pp-5.0pp-1.5pp
Net margin % 18.5%20.2%18.6%24.0%22.9%21.9%16.9%21.7%21.1%21.1%19.2%18.0%22.5%19.5%16.6%21.4%20.8%20.1%19.5%22.5%25.6%38.2%11.1%-3.0%
Change pp +1.7pp-1.6pp+5.4pp-1.1pp-1.0pp-5.0pp+4.8pp-0.6pp0.0pp-1.9pp-1.2pp+4.5pp-3.0pp-2.9pp+4.8pp-0.6pp-0.7pp-0.6pp+3.0pp+3.1pp+12.6pp-27.1pp-14.1pp
ROE % 11.2%10.6%13.9%11.7%9.5%11.7%11.3%9.8%8.5%12.2%13.7%20.1%7.1%-2.1%
Change pp -0.6pp+3.3pp-2.2pp-2.2pp+2.2pp-0.4pp-1.5pp-1.3pp+3.7pp+1.5pp+6.4pp-13.0pp-9.2pp
Equity ratio % 90.6%87.9%89.4%90.3%90.2%90.6%91.6%93.5%92.5%87.8%88.7%80.4%76.6%71.2%
Change pp -2.7pp+1.5pp+0.9pp-0.1pp+0.4pp+1.0pp+1.9pp-1.0pp-4.7pp+0.9pp-8.3pp-3.8pp-5.4pp
  • *1 Securities report (yuka shoken hokokusho), as filed
Revenue in US dollars Revenue (US$m)

The revenue line above, converted at the average ¥/US$ rate of each figure’s own year — never today’s.

Between 2002–2025, Nakanishi’s revenue grew 8.6-fold in yen (9.8% a year). Converted at each year’s own average rate, the same span is 7.2-fold in dollars (9.0% a year), from $75m to $543m. The dollar figure grew more slowly because the yen weakened over the period: part of the growth an investor sees in yen does not survive translation into dollars.

Revenue in millions of US dollars, converted at each year’s own average rate, with the yen figure as filed and the rate applied.
Fiscal year Unit 2002 *4 FYE Feb 2003 *4 FYE Feb 2004 *4 FYE Feb 2005 *4 FYE Dec 2005 *4 FYE Dec 2006 *4 FYE Dec 2007 *4 FYE Dec 2008 *4 FYE Dec 2009 *4 FYE Dec 2010 *4 FYE Dec 2011 *4 FYE Dec 2012 *4 FYE Dec 2013 *4 FYE Dec 2014 *4 FYE Dec 2015 *4 FYE Dec 2016 *4 FYE Dec 2017 *4 FYE Dec 2018 *4 FYE Dec 2019 *4 FYE Dec 2020 *4 FYE Dec 2021 *4 FYE Dec 2022 *4 FYE Dec 2023 *4 FYE Dec 2024 *4 FYE Dec 2025 *4 FYE Dec
Revenue USD $75m$94m$109m$133m$134m$172m$190m$223m$214m$253m$280m$283m$268m$292m$264m$292m$306m$331m$325m$310m$409m$371m$425m$508m$543m
YoY % +25.3%+16.0%+22.3%+28.0%+10.6%+17.0%-3.9%+18.3%+10.5%+1.3%-5.2%+8.8%-9.7%+10.8%+4.7%+8.1%-1.8%-4.5%+31.9%-9.4%+14.6%+19.6%+6.8%
Revenue as filed JPY ¥9.4bn¥11bn¥12bn¥15bn¥15bn¥20bn¥22bn¥23bn¥20bn¥22bn¥22bn¥23bn¥26bn¥31bn¥32bn¥32bn¥34bn¥37bn¥35bn¥33bn¥45bn¥49bn¥60bn¥77bn¥81bn
Rate applied ¥/US$ ¥125.28¥115.92¥108.16¥110.15¥110.15¥116.28¥117.77¥103.33¥93.53¥87.77¥79.78¥79.79¥97.60¥105.84¥121.02¥108.84¥112.16¥110.40¥109.01¥106.78¥109.78¥131.37¥140.51¥151.50¥149.65
  • *1 1949-1971: Fixed Bretton Woods peg ¥360/$ (Dodge Line 1949; Smithsonian ¥308 from Dec 1971).
  • *2 1972: Smithsonian peg ¥308/$ (held until Feb 1973 float).
  • *3 1973-1979: JIL (Japan Institute for Labour Policy and Training) g0001.xlsx — fiscal-year (Apr–Mar) basis, integer-rounded. PROVISIONAL; upgrade to BOJ FXERM07 calendar-year later.
  • *4 1980-2026: Bank of Japan stat-search FM08'FXERM07 (Tokyo market, USD/JPY spot, 17:00 fixing, monthly average) — calendar-year average of monthly averages.
  • *5 Provisional — part-year average, not a full calendar year.

Every rate used, and where it comes from →

Reporting basis

Which accounting standard each stretch of the series was filed under, and whether the accounts are consolidated.

Every year on record was filed on the same basis — consolidated Japanese GAAP — so the series is comparable end to end.

Reporting regimes across the long series, oldest first.
Fiscal years Standard Basis Years
2002–2025 Japanese GAAP consolidated 25
Download the long-term series (CSV) → Compiled from securities reports and other public filings. We do not guarantee accuracy or currency, and do not track post-filing corrections. Check the primary sources before relying on these figures.

All figures are in Japanese yen as filed. Where a foreign-currency comparison is needed elsewhere on this site, yen amounts are converted at the average rate of each figure's own year — not today's rate. Exchange rates & sources →

Read the company history → 日本語版(詳細)— full financial data in Japanese →



Data API

Nakanishi’s history, financials, executives and shareholders are published as static JSON — no key, plain GET. Full specification →

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