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.
| 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 GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | Japanese GAAP | |
| Basis | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated | Consolidated |
Where each yen of revenue goes — cost of sales, SG&A and what is left as operating profit (¥ bn, stacked)
| 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 | +1.3pp | 0.0pp | -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
Total assets, equity and interest-bearing debt (¥ bn), with the equity ratio (%)
| 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 generated by operations, spent on investment and raised or repaid in financing (¥ bn)
| 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
Profitability and balance-sheet strength (%). ROE uses year-end equity.
| 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 | +1.3pp | 0.0pp | -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 | -0.6pp | 0.0pp | -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
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.
| 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.
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.
| Fiscal years | Standard | Basis | Years |
|---|---|---|---|
| 2002–2025 | Japanese GAAP | consolidated | 25 |
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 →
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