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Consumer Durables

Nishimatsu Construction Co., Ltd.

Business Summary

Nishimatsu Construction Co., Ltd. engages in the provision of general contracting services. It operates through the following segments: Civil Engineering, Building Construction, and Development and Real Estate. The Civil Engineering segment handles contract for civil engineering works. The Building Construction segment manages contract for architecture construction projects. The Development and Real Estate segment deals with the lease and sale of real estate and materials. The company was founded by Keisuke Nishimatsu in 1874 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit33,720M248.82M
Operating income12,621M93.13M
Income before tax13,595M100.31M
Net income9,649M71.20M
Diluted EPS244.421.80
Dividends Per Share2211.63
Total Assets513,623M3,859.21M
Total liabilities357,470M2,685.92M
Total equity148,842M1,118.35M
Operating cash flow34,747M256.40M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 349,318M 391,621M 336,241M 323,754M 339,757M
Gross Profit 43,423M 43,938M 39,762M 43,773M 33,720M
Operating income 24,930M 25,318M 20,952M 23,690M 12,621M
Income before tax 26,916M 25,435M 23,998M 22,696M 13,595M
Net income 18,784M 18,722M 17,166M 15,102M 9,649M
EBITDA 27,139M 27,935M 24,302M 27,422M 16,595M
Diluted EPS 343.38 342.23 313.82 312.33 244.42
Dividends Per Share 105 105 105 221 221
Total Assets 466,327M 497,045M 472,440M 477,613M 513,623M
Total liabilities 266,992M 297,754M 264,900M 319,894M 357,470M
Total equity 197,238M 196,872M 205,983M 151,328M 148,842M
Operating cash flow -15,882M 14,120M 4,907M 41,243M 34,747M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 3,149.99M 3,601.91M 3,170.36M 2,881.07M 2,507.10M
Gross Profit 391.56M 404.11M 374.91M 389.53M 248.82M
Operating income 224.80M 232.86M 197.55M 210.81M 93.13M
Income before tax 242.71M 233.93M 226.27M 201.97M 100.31M
Net income 169.38M 172.19M 161.85M 134.39M 71.20M
EBITDA 244.72M 256.93M 229.14M 244.02M 122.45M
Diluted EPS 3.09 3.14 2.95 2.77 1.80
Dividends Per Share 0.94 0.96 0.99 1.96 1.63
Total Assets 4,213.10M 4,604.18M 4,275.47M 3,935.01M 3,859.21M
Total liabilities 2,412.17M 2,758.13M 2,397.28M 2,635.58M 2,685.92M
Total equity 1,781.97M 1,823.64M 1,864.09M 1,246.78M 1,118.35M
Operating cash flow -143.21M 129.86M 46.26M 367.01M 256.40M

Valuation Measures

Mar 2023
Operating margin3.71%
Profit margin2.83%

Key executives

  • President & Representative Director: Nobutoshi Takase
  • Executive Officer, Manager-Technology & Research: Koji Ishiyama
  • Executive Officer & Manager-Compliance Promotions: Hisatsugu Torii
  • Representative Director, EVP & GM-Administration: Yuichi Kono
  • Representative Director & Executive Vice President: Makoto Isshiki


  • Nishimatsu Construction Co., Ltd. (28.5%)
  • ITOCHU Corp. (7.2%)
  • Asset Management One Co., Ltd. (3.4%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.1%)
  • Mizuho Financial Group, Inc. (2.1%)
  • Nomura Asset Management Co., Ltd. (1.9%)
  • Meiji Yasuda Life Insurance Co. (1.6%)
  • Nishimatsu Construction Employee Stock Ownership Plan (1.5%)
  • Dimensional Fund Advisors LP (1.4%)
  • The Vanguard Group, Inc. (1.3%)

Contact Details

  • Website:
  • Address: Toranomon Hills Business Tower, 1-17-1 Toranomon, Tokyo, 105-0001, Japan
  • Phone: +81.3.3502.0232

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  • Nishimatsu Construction Pension Fund
  • Nishimatsu Construction Employee Stock Ownership Plan


    Last Updated on 30 May, 2023

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