ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Producer Manufacturing

NHK Spring Co., Ltd.

Business Summary

NHK Spring Co., Ltd. engages in the manufacture and sale of automotive suspension springs, seats, precision springs, and other components. It operates through the following segments: Automotive Suspension Spring, Automotive Seating, Precision Springs and Components, and Industrial Machinery and Equipment and Others. The Automotive Suspension Spring segment provides leaf springs, coil springs, stabilizers, torsion bars, stabilizer links and gas springs. The Automotive Seating segment includes seats, mechanical seating components, trim parts, and interior. The Precision Spring and Components segment offers hard disk drive suspension and mechanical components, wire springs, flat springs, and probe units for liquid crystal displays and semiconductors, and precision machine components. The Industrial Machinery and Equipment and Others segment covers ceramic products, spring mechanisms, pipe support systems, automatic parking systems, polyurethane products, metal-based printed circuit board, security products, and lighting equipment, and golf club shafts. The company was founded on June 6, 1936 and is headquartered in Yokohama, Japan.

Financial Highlights

Mar 2022 JPYUSD
Gross Profit73,804M656.77M
Operating income21,361M190.09M
Income before tax50,105M445.88M
Net income31,999M284.75M
Diluted EPS140.331.24
Dividends Per Share270.24
Total Assets598,498M4,930.98M
Total liabilities259,648M2,139.22M
Total equity322,615M2,658.00M
Operating cash flow34,505M307.05M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 659,730M 681,006M 664,499M 572,639M 586,903M
Gross Profit 80,946M 72,953M 67,712M 55,160M 73,804M
Operating income 35,542M 26,651M 20,716M 10,465M 21,361M
Income before tax 32,644M 20,116M 12,213M 14,759M 50,105M
Net income 20,495M 7,105M 4,612M 9,397M 31,999M
EBITDA 59,755M 51,652M 47,124M 37,963M 49,661M
Diluted EPS 83.22 28.84 19.46 40.44 140.33
Dividends Per Share 23 24 17 17 27
Total Assets 576,466M 580,618M 541,606M 569,242M 598,498M
Total liabilities 268,813M 284,553M 255,049M 269,263M 259,648M
Total equity 292,837M 281,135M 270,988M 283,993M 322,615M
Operating cash flow 49,811M 36,794M 36,621M 29,636M 34,505M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 5,952.50M 6,141.01M 6,111.69M 5,399.33M 5,222.82M
Gross Profit 730.34M 657.85M 622.77M 520.09M 656.77M
Operating income 320.68M 240.32M 190.53M 98.67M 190.09M
Income before tax 294.53M 181.39M 112.32M 139.16M 445.88M
Net income 184.91M 64.06M 42.41M 88.60M 284.75M
EBITDA 539.14M 465.77M 433.42M 357.94M 441.93M
Diluted EPS 0.75 0.26 0.17 0.38 1.24
Dividends Per Share 0.20 0.21 0.15 0.16 0.24
Total Assets 5,420.45M 5,245.67M 5,016.96M 5,151.51M 4,930.98M
Total liabilities 2,527.62M 2,570.83M 2,362.54M 2,436.76M 2,139.22M
Total equity 2,753.52M 2,539.95M 2,510.19M 2,570.07M 2,658.00M
Operating cash flow 449.42M 331.79M 336.81M 279.43M 307.05M

Valuation Measures

Mar 2022
Operating margin3.63%
Profit margin5.45%

Key executives

  • President, CEO & Representative Director: Takashi Kayamoto
  • CFO, Representative Director & GM-Administration: Toru Sugiyama
  • General Manager-Research & Development: Toshio Kazama
  • Representative Director & Executive Vice President: Kiyohiko Kanmei
  • Executive Officer & Manager-Accounting: Osamu Ikejiri


  • Silchester International Investors LLP (10.2%)
  • Daido Steel Pension Fund (9.1%)
  • NHK Spring Co., Ltd. (6.4%)
  • Sojitz Corp. (5.4%)
  • Kobe Steel Ltd. Pension Fund (3.8%)
  • Daido Steel Co., Ltd. (3.4%)
  • Nomura Asset Management Co., Ltd. (2.4%)
  • Mizuho Bank Pension Fund (2.3%)
  • Concordia Financial Group, Ltd. (2.3%)
  • Dimensional Fund Advisors LP (2.0%)

Contact Details

  • Website:
  • Address: 3-10 Fukuura, Kanazawa-Ku, Yokohama, 236-0004, Japan
  • Phone: +81.45.786.7511

Related Companies

  • NHK FLEX Co., Ltd.
  • NHK Seating Mizushima Co. Ltd.
  • NHK Spring Kyushu Co. Ltd.
  • Nhk Spring Board Incentive Plan
  • NHK Spring Production Company
  • NHK Transport (Shanghai) Co. Ltd.
  • PT NHK F. KBU Indonesia Automotive Seating
  • NHK F. Krishina India Automotive Seating Pvt.Ltd.
  • NHK Spring Mexico SA de CV
  • NHK Seating (Hubei) Co. Ltd.
  • Faurecia NHK (Xiaugyang) Automotive Seating Co. Ltd.
  • NAT Peripheral (Dongguan) Co. Ltd.
  • NHK Spring (China) Co. Ltd.
  • NHK Spring Europe BV
  • NHK Spring Precision (Guangzhou) Co. Ltd.
  • NHK Seating (Zhengzhou) Co. Ltd.
  • FNK China Co. Ltd.
  • NHK Spring Philippines, Inc.
  • GLG Corp. (Japan)
  • NHK Automotive Components India Pvt Ltd.
  • Nhk Spring Trust
  • NHK MEC Co., Ltd.
  • NHK Spring R&D Center, Inc.
  • NHK Teleflex Corp.
  • ITES Co. Ltd.
  • NHK Transport Co. Ltd.
  • Yokohama Kiko Techno KK
  • Nippatsu Service Co. Ltd.
  • Tohoku Nippatsu Co. Ltd.
  • Faurecia Nippatsu Kyushu KK


  • WinWay Technology Co., Ltd.
  • FormFactor, Inc.
  • Jamna Auto Industries Limited
Last Updated on 4 Oct, 2022

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more