Electric Appliances · Fiscal year end Mar 31

Nippon Avionics Co., Ltd.

6946

日本アビオニクス株式会社

FIGI BBG000BPF5766946.T6946 JPCorp. no. 5010701017733

Latest half-year results

First half · fiscal year to 2026-03 · filed 2025-11-05

For the first half of the fiscal year to 2026-03: Revenue ¥12.7 billion (+39.5% YoY), Ordinary income ¥1.9 billion (+73.1% YoY), Net income ¥1.3 billion (+77.1% YoY).

	This period	Year on year
Revenue	¥12.7bn	+39.5%
Ordinary profit	¥1.9bn	+73.1%
Net profit to owners	¥1.3bn	+77.1%

From the securities report on EDINET, which states no forecast. History via /v1/companies/6946/earnings-releases.

Financials

Japan GAAP · consolidated · fiscal year to 2026-03-31

Revenue: ¥29.2bn
Net income: ¥3.8bn
ROE: 25.4%
Equity ratio: 44.6%
Dividend / share: ¥10
Employees: 763

Revenue · ¥bn

Net income · ¥bn

Fiscal year	Revenue	Net income	Total assets	Net assets	ROE	EPS	Operating CF
2026-03-31	¥29.2bn	¥3.8bn	¥36.1bn	¥16.1bn	25.4%	¥253.57	−¥3.6bn
2025-03-31	¥20.1bn	¥2.0bn	¥26.9bn	¥14.0bn	13.9%	¥124.37	¥2.2bn
2024-03-31	¥18.1bn	¥2.1bn	¥27.5bn	¥14.3bn	16.2%	¥131.86	−¥0.2bn
2023-03-31	¥17.8bn	¥1.8bn	¥24.0bn	¥12.2bn	15.9%	¥128.2	−¥0.9bn
2022-03-31	¥19.2bn	¥1.6bn	¥23.1bn	¥10.8bn	15.4%	¥115.04	¥3.4bn

Indicators

Computed by us from filings · fiscal year to 2026-03-31

Metric	Value	Percentile among listed companies
ROE, %	25.4	92.9
Ordinary margin	0.1835	88.1
Equity ratio, %	44.6	33.7
Revenue growth	0.4508	97
Net income growth	0.945	84
Operating cash flow / assets	-0.1004	4.9

Policy-uncertainty measure2.05 Share of the report's text discussing policy-related uncertainty, by policy area. Proprietary text method.

Politics & geopolitics 3

Ownership activity 0 filer(s) stated they may make proposals in 365 days; 0 new 5% holder(s) in 180 days; net stake change 0.00pt in 90 days; 0.0% held by other listed companies.

Results wording balance: +0.33. Proprietary text method; it describes the wording only and does not interpret context.

Interest example: if all ¥10.5bn of reported debt repriced by 50 basis points, a year's interest would rise by ¥52m. Our arithmetic only, not a forecast: fixed-rate debt and hedges are ignored.

Via /v1/companies/6946/indicators. Descriptive figures, not a rating and not investment advice.

From other filings

As the company states them

Share buyback, report to —: ¥2.0bn acquired of a ¥2.0bn limit. /v1/companies/6946/buybacks

Internal control, 2026-06-18: see filing 上記の評価の結果、当事業年度末日時点において、当社の財務報告に係る内部統制は有効であると判断しました。 Filing

Segments, votes and tender offers

Stated in EDINET filings

Segments: Government Systems, Industrial Electronic Products. /v1/companies/6946/segments

Latest voting result: 2026-06-19 · 剰余金処分の件 · passed. /v1/companies/6946/voting

Latest tender-offer filing: 2025-09-02 · result · 日本アビオニクス株式会社. /v1/companies/6946/tender-offers

Ownership changes

All companies →

2025-09-26

Decrease−3.60pt

NAJ Holdings, Ltd. reduced holdings in Nippon Avionics Co., Ltd. (6946) to 46.41% from 50.01%.

S100WRFWFiler profile Original filing (PDF, Japanese)
2025-09-26

Threshold

Holdings of NAJ Holdings, Ltd. in Nippon Avionics Co., Ltd. (6946) moved below 50% (50.01% -> 46.41%).

S100WRFWFiler profile Original filing (PDF, Japanese)
2025-09-26

Amendment−3.60pt

NAJ Holdings, Ltd. filed a correction to a 5% report on Nippon Avionics Co., Ltd. (6946).

S100WRN2Filer profile Original filing (PDF, Japanese)
2025-09-05

Below 5%−1.27pt

Asset Management One Co., Ltd. cut holdings in Nippon Avionics Co., Ltd. (6946) to 4.13% from 5.40%, below the 5% threshold.

S100WN7PFiler profile Original filing (PDF, Japanese)
2025-08-18

Amendment0.00pt

NAJ Holdings, Ltd. filed a correction to a 5% report on Nippon Avionics Co., Ltd. (6946).

S100WJVMFiler profile Original filing (PDF, Japanese)
2025-06-20

Decrease−1.45pt

Asset Management One Co., Ltd. reduced holdings in Nippon Avionics Co., Ltd. (6946) to 5.40% from 6.85%.

S100W02ZFiler profile Original filing (PDF, Japanese)
2024-11-22

Decrease−1.14pt

Asset Management One Co., Ltd. reduced holdings in Nippon Avionics Co., Ltd. (6946) to 6.85% from 7.99%.

S100UTN7Filer profile Original filing (PDF, Japanese)
2024-07-22

Increase+2.83pt

Asset Management One Co., Ltd. raised holdings in Nippon Avionics Co., Ltd. (6946) to 7.99% from 5.16%.

S100U2V9Filer profile Original filing (PDF, Japanese)
2024-07-03

Decrease−7.79pt

NAJ Holdings, Ltd. reduced holdings in Nippon Avionics Co., Ltd. (6946) to 50.01% from 57.80%.

S100TZC9Filer profile Original filing (PDF, Japanese)
2024-06-07

New 5% stake

Asset Management One Co., Ltd. disclosed a 5.16% stake in Nippon Avionics Co., Ltd. (6946), crossing the 5% reporting threshold.

S100TKIRFiler profile Original filing (PDF, Japanese)

Trades by 5% holders

From the 60-day trade tables in 5% reports

Bought SoldHover a dot for the trade

Holder	Period	Net shares	Net % of shares	Avg. filed price	Range
NAJホールディングス株式会社	2022-05-13 – 2025-09-25	+378,100	+19.12pt	¥2,482.84	¥1,000–7,613
日本電気株式会社	2022-05-13 – 2022-05-13	-1,243,000	−30.51pt	—	—

Net shares and the average are our calculations. Prices are filed prices as stated by the filer, mostly for off-market trades; they are not market prices. Stock lending, custody transfers and option exercises are excluded from net shares. Every row via /v1/companies/6946/trades.

5% filings

Large shareholding reports on 6946

Filed	Filer	Stake	Change	Stated purpose
2025-09-26	NAJ Holdings, Ltd.	46.41%	−3.60pt	management participation
2025-09-26	NAJ Holdings, Ltd.	46.41%	−3.60pt	management participation
2025-09-05	Asset Management One Co., Ltd.	4.13%	−1.27pt	—
2025-09-03	NAJ Holdings, Ltd.	50.01%	0.00pt	management participation
2025-08-18	NAJ Holdings, Ltd.	50.01%	0.00pt	management participation
2025-08-05	NAJ Holdings, Ltd.	50.01%	0.00pt	management participation
2025-06-20	Asset Management One Co., Ltd.	5.40%	−1.45pt	—
2024-11-22	Asset Management One Co., Ltd.	6.85%	−1.14pt	—
2024-07-22	Asset Management One Co., Ltd.	7.99%	+2.83pt	—
2024-07-03	NAJ Holdings, Ltd.	50.01%	−7.79pt	management participation

Cross-shareholdings

From the annual report's status of shareholdings

Listed strategic holdings: 1 issues
Book value: ¥10m
Sold in the year: — — issues
Bought in the year: ¥0m 1 issues
Mutual, both reports: 0
Held by listed cos.: 0

Holds	Book value	Shares vs. prior year	Mutual
NIHON DENKEI CO.,LTD. 9908	¥10m	+10.9%	no

Purposes, all holdings and mutual flags via /v1/companies/6946/cross-holdings. Share changes include stock splits.

Major shareholders

As of fiscal year end 2026-03-31

Shareholder	Shares	Ratio
ＮＡＪホールディングス株式会社	7,779,000	52.61%
株式会社日本カストディ銀行（信託口）	919,000	6.22%
日本マスタートラスト信託銀行株式会社（信託口）	257,000	1.74%
individual holder	201,000	1.36%
individual holder	125,000	0.85%
individual holder	114,000	0.77%
住友生命保険相互会社	109,000	0.74%
野村證券株式会社	94,000	0.64%
セントラル短資株式会社	90,000	0.61%
individual holder	88,000	0.60%

U.S. funds holding 6946

SEC Form N-PORT, reports to 2026-07-31

19 U.S. funds held 381,788 shares worth $13.1m.

Fund	Shares	Value	% of fund	As of
iShares Defense Industrials Active ETF BlackRock ETF Trust	143,100	$4.7m	0.110%	2026-07-31
Global X Defense Tech ETF GLOBAL X FUNDS	81,888	$3.0m	0.037%	2026-05-31
Japan Smaller Capitalization Fund, Inc. Japan Smaller Capitalization Fund, Inc.	50,000	$1.8m	0.489%	2026-05-31
THE JAPANESE SMALL COMPANY SERIES DFA INVESTMENT TRUST CO	28,800	$0.9m	0.024%	2026-07-31
INTERNATIONAL CORE EQUITY 2 PORTFOLIO DFA INVESTMENT DIMENSIONS GROUP INC	26,000	$0.9m	0.002%	2026-07-31

Up to 25 funds per stock via the API.

Get this as JSON

GET /v1/companies/6946
GET /v1/companies/6946/financials
GET /v1/companies/6946/details
GET /v1/companies/6946/segments
GET /v1/companies/6946/voting
GET /v1/companies/6946/tender-offers
GET /v1/companies/6946/indicators
GET /v1/companies/6946/earnings-releases
GET /v1/events?ticker=6946
GET /v1/companies/6946/trades         
GET /v1/companies/6946/cross-holdings 
GET /v1/companies/6946/brief

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