Nifco Inc.
Nifco Inc. (JPX: 7988) is trading at ¥2,399.00, about ₹1,464 at today's JPY/INR rate, as of 30 Sep 2026, 2:30 AM ET, up 1.35% today. Indian residents can buy Nifco from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
¥2,367.50
Today's high
¥2,418.50
52 week low
¥1,998.50
52 week high
¥2,781.00
7988 opened at ¥2,380.00, closed previously at ¥2,367.00, and has traded between ¥1,998.50 and ¥2,781.00 over the past 52 weeks.
About
Nifco Inc. is a global producer and distributor of industrial plastic components, serving markets across Japan, the rest of Asia, North America, and Europe. The company provides an extensive array of products for various applications, including automotive parts for fuel systems, engines, vehicle exteriors and interiors, and electric powertrains. For residential use, their offerings encompass drawer soft-closers, push-to-open latches, earthquake-resistant latches, and door damping mechanisms. In the consumer electronics and office automation sectors, Nifco supplies items like various dampers, free-stop hinges, magnetic catches, and push latches. Furthermore, they contribute to the fashion and sports industries with fasteners such as side release buckles, cord stoppers, and other buckle types. Beyond its core plastic operations, Nifco also manufactures beds and engages in the import and retail of furniture. Originally incorporated in 1946, the company changed its name from Japan Industry Fastener Inc. to Nifco Inc. in December 1970, and its headquarters are situated in Tokyo, Japan.
Key statistics
Avg. volume
315.38K
Market cap
¥446.82B
P/E Ratio
13.55
Price-to-sales ratio
1.25
Enterprise value
¥297.59B
Free cash flow yield
6.80%
Debt-to-equity ratio
0.08
Return on equity
11.50%
ROIC
9.78%
Beta
1.21
Dividend yield
5.25%
Last dividend
¥110.00
Financial overview
Revenue
¥352.65B
Earnings per share
¥180.72
Free cash flow
¥28.14B
Net profit margin
9.26%
Gross margin
30.24%
EBITDA
¥64.20B
Revenue growth
-0.11%
Similar securities
This is not an investment recommendation
How to buy Nifco from India
Indian residents can buy Nifco shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to JPY.
Search for Nifco and place an order
Find Nifco by name or by its ticker, 7988, and choose an order type. The Tokyo Stock Exchange typically trades in units of 100 shares. Nifco trades 5:30 am – 12:00 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Nifco position in JPY and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Nifco from India
Trading and taxes when buying Nifco from India
Trading and limits
- Trading hours
- 9:00 am – 3:30 pm JST
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India. Nifco’s current yield is 5.25%.Dividend tax explained
- Estate or inheritance tax
- May applyJapan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir.Estate tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Nifco stock?
Yes. Nifco (7988) has been listed on the Tokyo Stock Exchange since 2001, in the Auto - Parts industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to JPY. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Nifco share cost in rupees?
One Nifco share is ¥2,399.00 — about ₹1,464 at a JPY/INR rate of 0.6103 on 29 Sep 2026. Both the Nifco price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Nifco from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
What is the minimum I can buy of Nifco?
The Tokyo Stock Exchange typically trades in units of 100 shares.
How are gains on Nifco shares taxed in India?
Japan generally does not levy capital gains tax on non-resident individual investors, so the tax is an India-side one. Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the JPY/INR rate on the purchase and the sale date, so the rupee move counts alongside the Nifco price. Paasa issues a capital-gains statement for your return.
Does Nifco pay a dividend, and how is it taxed in India?
Yes. Nifco pays a dividend and the current yield is 5.25%; the last declared dividend was ¥110.00 per share, about ₹67.14. Dividends are taxed at your slab rate in India. Japan withholds a preferential 10% on dividends for Indian residents under the India–Japan DTAA rather than the higher domestic rate, and the tax withheld can be claimed as a foreign tax credit in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Nifco from India?
The Tokyo Stock Exchange trades 5:30 am – 12:00 pm IST in Indian time. It also halts for lunch, 8:00 am – 9:00 am IST. Orders can only execute during that window.
Is there estate or inheritance tax on Nifco shares held from India?
Japan levies inheritance tax on Japan-located assets such as direct stocks, with an exemption of ¥30 million plus ¥6 million per statutory heir. It applies to your overall holdings in that jurisdiction rather than to any one position.
Do I have to declare Nifco shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Nifco holding, its cost and its closing value.
How do I sell Nifco and bring the money back to India?
You sell during market hours (5:30 am – 12:00 pm IST) and the proceeds settle in JPY in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.