Nakabohtec Corrosion Protecting Co.,Ltd.

1787・Standard Market・Construction

1787・Standard Market・Construction

Nakabohtec Corrosion Protecting Co.,Ltd.1787

Reference Indicators

Market Cap

161¥100M

P/E (Forecast)

16.5x

P/B

1.6x

Dividend Yield (Forecast)

4.20%

ROE

13.1%

EV/EBITDA

10.2x

Financial Summary

Unit: ¥M

Item	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Net Sales	12,909	14,158	13,780	14,725	14,903
Cost of Sales	9,829	10,742	10,407	10,940	10,975
Gross Profit	3,079	3,415	3,373	3,784	3,927
SG&A Expenses	2,016	2,169	2,196	2,327	2,616
Operating Income	1,062	1,246	1,176	1,457	1,311
Non-operating Income	34	33	33	47	74
Non-operating Expenses	2	6	5	2	1
Ordinary Income	1,095	1,273	1,204	1,502	1,384
Extraordinary Income	—	12	—	—	209
Extraordinary Losses	0	2	0	4	0
Pre-tax Income	1,095	1,283	1,204	1,497	1,594
Income Taxes	331	384	369	450	407
Net Income	763	899	834	1,047	1,186
EBITDA	1,161	1,394	1,290	1,582	1,452
Gross Margin	23.9%	24.1%	24.5%	25.7%	26.4%
Operating Margin	8.2%	8.8%	8.5%	9.9%	8.8%
ROA	7.0%	7.9%	7.4%	8.6%	9.7%
ROE	10.1%	11.5%	10.2%	12.3%	13.1%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
その他	1,975	348	17.6%
港湾	8,768	2,178	24.8%
地中	3,122	936	30.0%
陸上	1,036	464	44.8%

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