Ad-Sol Nissin Corporation

3837・Prime Market・Information & Communication

Official website

Ad-Sol Nissin Corporation

3837・Prime Market・Information & Communication

Official website

Ad-Sol Nissin Corporation3837

Reference Indicators

Market Cap

260¥100M

P/E (Forecast)

—

P/B

3.8x

Dividend Yield (Forecast)

3.19%

ROE

22.2%

EV/EBITDA

10.1x

Financial Summary

Unit: ¥M

Item	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026
Net Sales	12,247	12,842	14,078	15,463	17,151
Cost of Sales	9,224	9,477	10,268	11,157	12,178
Gross Profit	3,023	3,364	3,809	4,305	4,972
SG&A Expenses	1,935	2,154	2,371	2,594	2,827
Operating Income	1,088	1,210	1,437	1,710	2,145
Non-operating Income	44	35	48	59	72
Non-operating Expenses	2	1	1	4	2
Ordinary Income	1,130	1,244	1,485	1,766	2,215
Extraordinary Income	6	—	—	7	—
Extraordinary Losses	—	3	21	2	0
Pre-tax Income	1,137	1,240	1,463	1,771	2,215
Income Taxes	352	399	484	561	704
Net Income	784	841	979	1,209	1,511
EBITDA	1,182	1,328	1,578	1,857	2,293
Gross Margin	24.7%	26.2%	27.1%	27.8%	29.0%
Operating Margin	8.9%	9.4%	10.2%	11.1%	12.5%
ROA	9.7%	9.0%	9.6%	12.2%	14.7%
ROE	14.2%	13.6%	14.3%	17.2%	22.2%

Segment Performance

Unit: ¥M

2026

Segment	Net Sales	Operating Income	Operating Margin
社会インフラ事業	11,183	2,707	24.2%
先進インダストリー事業	5,968	1,553	26.0%