6863
Fiscal year ends March Quarters are offset from the calendar — Q1 is Apr–Jun

Nireco Corporation develops, manufactures, and sells control, measurement, and inspection equipment for a wide range of industries, including steel, chemicals, food, and printing. The company operates through four main business segments: control equipment for the steel and non-ferrous metals sector, control equipment for the film, printing, and paper sector, inspection machines, and optics. Key products include process control devices, eddy current molten steel level gauges, edge position control devices, tension control devices, registration control devices, and printing quality inspection systems. In the inspection segment, the company offers plain inspection devices, electrode sheet inspection systems, food inspection machines, near-infrared analysis systems, and radiation measurement instruments. The optics segment provides laser-related products, optical components, optical thin films, synthetic optical crystals, and radiation measurement scintillators. Nireco serves customers in the steel, chemical, food, printing, electronics, and semiconductor industries, with applications ranging from automotive and shipbuilding to next-generation batteries and medical devices. The company was founded in 1950. Its group includes subsidiaries such as Nireco Automatic Control Machinery (Shanghai) Co., Ltd., Nireco Korea Corporation, and Jinli Ke Co., Ltd., as well as acquired entities like Optical Technology Co., Ltd., Keihin Optical Film Co., Ltd., Applied Optical Research Industry Co., Ltd., and Seibu Electric Co., Ltd.

Summarised from the annual report, fiscal year ended Mar 2026

Industry Industrial Distribution Homepage nireco.jp
Sector Industrials IR page nireco.jp/ir
Tags
process control, quality inspection, optical components, laser systems, steel industry, food inspection, printing technology, semiconductor inspection, image processing, radiation measurement, Nireco Automatic Control Machinery (Shanghai) Co. Ltd., Nireco Korea Corporation, Jinli Ke Co. Ltd., Optical Technology Co. Ltd., Keihin Optical Film Co. Ltd., Applied Optical Research Industry Co. Ltd., Seibu Electric Co. Ltd., BCON6000
Press page —

Metrics

Valuation  
Market cap ¥ 8.394B
P/E 5.80
P/BV 0.49
P/S 0.76
P/OCF 4.51
P/FCF 3.18
Dividend yield 7.8%
Turnover / mcap —
Returns  
ROE 8.5%
ROI 8.3%
ROIC 7.2%
Profit margin 13.1%
Growth  
Revenue growing Yes
Profits growing No
Revenue up 3y Yes
Revenue up 5y Yes
Quality  
Profitable Yes
Margin expanding No
Buying back stock Yes
Diluting (TTM) No
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News sentiment (TTM) 0
Quality score 61.1%
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Figure FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013
Revenue 11.023B 10.757B 9.861B 9.155B 8.118B 7.9B 8.775B 8.442B 7.912B 7.402B 7.472B 6.14B 6.921B 7.192B
Free cash flow 2.638B 978.107M 442.744M 44.016M 489.633M 857.931M 92.432M -1.36B 750.553M 760.763M 580.358M -805.43M 1.204B 524.268M

Figure FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019 FY 2018 FY 2017 FY 2016 FY 2015 FY 2014 FY 2013
Share price 1.977K 1.708K 2.103K 1.018K 883.12 953.93 645.15 893.07 1.134K 676.15 558.07 689 731.09 599.86
Price performance 12m 0.16 -0.19 1.07 0.15 -0.07 0.48 -0.28 -0.21 0.68 0.21 -0.19 -0.06 0.22 —

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Nireco Corporation (ticker 6863), listed in Japan.