1518
MITSUI MATSUSHIMA HOLDINGS CO.,LTD.
三井松島ホールディングス株式会社
Other Products
Mitsui Matsushima Holdings Co., Ltd., through its subsidiaries, engages in the consumer goods, industrial products, and energy business in Japan and internationally. The company operates, generates, and sells solar power to electric power companies. The company offers produces and sells drinking straws and food containers; office equipment centering on shredders; sells pet foods and related products; sells of hardware and plastic products for housing and furniture; and sells roll products, such as recording paper for register rolls. It provides mask blanks for liquid crystal panels, organic EL and electronic components; measurement devices and production facilities for crystal devices and related hardware and software; insulator strings and metal fittings; food processing machines; sells power transmission chains and conveyer chains; sells industrial roller chains; real estate lending for business operators and real estate brokerages; engages in holding, investment, management, and trading of stocks; operates and manages renewable energy power generation including solar power generation; manages real estate owned in Nagasaki Prefecture, and Mitsui Minato Club. The company was formerly known as Mitsui Matsushima Co., Ltd. and changed its name to Mitsui Matsushima Holdings Co., Ltd. in 2018. Mitsui Matsushima Holdings Co., Ltd. was incorporated in 1913 and is headquartered in Fukuoka City, Japan.
Price
¥1,460
Market Cap
¥16.4B
Ent. Value
¥60.9B
Net Debt
−¥44.5B
Shares Out.
11.2M
P / E
9.8×
EV / EBIT
6.4×
P / Book
1.00×
P / NCAV
7.20×
Div. Yield
1.58%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥65.5B | ¥60.6B | ¥77.5B | ¥80.0B | ¥46.6B |
| Cost of Sales | ¥40.4B | ¥38.2B | ¥41.2B | ¥34.7B | ¥30.2B |
| Gross Profit | ¥25.1B | ¥22.3B | ¥36.3B | ¥45.3B | ¥16.4B |
| SG&A | ¥15.5B | ¥14.7B | ¥11.1B | ¥9.5B | ¥8.0B |
| Operating Income | ¥9.6B | ¥7.6B | ¥25.2B | ¥35.8B | ¥8.4B |
| Non-Operating Income | ¥776M | ¥1.1B | ¥1.1B | ¥738M | ¥449M |
| Dividend Income | — | ¥73M | ¥45M | ¥52M | ¥43M |
| Interest Income | — | ¥376M | ¥890M | ¥163M | ¥33M |
| Non-Operating Expenses | — | ¥256M | ¥245M | ¥594M | ¥270M |
| Interest Expense | — | ¥129M | ¥99M | ¥141M | ¥157M |
| Ordinary Income | ¥9.9B | ¥8.4B | ¥26.0B | ¥35.9B | ¥8.6B |
| Pre-tax Income | ¥9.8B | ¥11.8B | ¥23.6B | ¥34.1B | ¥8.1B |
| Income Taxes | ¥3.1B | ¥3.1B | ¥8.5B | ¥11.2B | ¥2.7B |
| Current Tax | — | ¥2.9B | ¥8.5B | ¥10.9B | ¥2.4B |
| Deferred Tax | — | ¥241M | ¥4M | ¥220M | ¥264M |
| Net Income (owners) | ¥6.7B | ¥8.6B | ¥15.1B | ¥23.0B | ¥5.4B |
| Minority Interest | — | ¥65M | ¥31M | ¥-16M | ¥15M |
| Comprehensive Income | — | ¥9.2B | ¥16.9B | ¥23.9B | ¥5.9B |
| EBITDA | ¥11.0B | ¥10.2B | ¥27.5B | ¥38.3B | ¥10.0B |
| Goodwill Amort. (J-GAAP) | — | ¥1.2B | ¥877M | ¥764M | ¥674M |
| EPS | ¥148.30 | ¥750.13 | ¥1,209.24 | ¥1,767.99 | ¥414.82 |
| Shares Outstanding | — | 11.2M | 11.9M | 13.0M | 13.0M |
| Shares Issued (total) | — | 13.1M | 13.1M | 13.1M | 13.1M |
| Treasury Shares | — | 1.8M | 1.1M | 0.1M | 0.1M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥127.9B | ¥117.6B | ¥99.7B | ¥95.0B | ¥67.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥74.4B | ¥71.2B | ¥62.8B | ¥63.2B | ¥38.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥5.7B | ¥9.0B | ¥34.3B | ¥39.5B | ¥21.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | — | ¥11.1B | ¥14.1B | ¥13.9B | ¥8.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥53.5B | ¥46.5B | ¥37.0B | ¥31.8B | ¥29.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥13.1B | ¥15.2B | ¥15.1B | ¥12.7B | ¥13.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥17.1B | ¥15.9B | ¥12.7B | ¥10.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥17.5B | ¥16.4B | ¥13.5B | ¥10.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥21.4B | ¥10.9B | ¥3.2B | ¥3.9B | ¥3.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥1.1B | ¥1.0B | ¥669M | ¥935M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥72.1B | ¥52.1B | ¥35.7B | ¥38.4B | ¥32.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥49.5B | ¥43.8B | ¥21.7B | ¥26.3B | ¥19.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | — | ¥7.1B | ¥8.4B | ¥7.9B | ¥6.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥31.8B | ¥28.7B | ¥3.2B | ¥6.8B | ¥4.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥1.5B | ¥2.6B | ¥3.4B | ¥368M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥22.6B | ¥8.3B | ¥14.1B | ¥12.1B | ¥12.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥18.4B | ¥3.1B | ¥4.4B | ¥5.8B | ¥7.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥1.4B | ¥838M | ¥758M | ¥718M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥341M | ¥338M | ¥289M | ¥39M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥55.8B | ¥65.5B | ¥64.0B | ¥56.6B | ¥35.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥8.6B | ¥8.6B | ¥8.6B | ¥8.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | — | ¥2.2B | ¥4.8B | ¥6.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥64.9B | ¥59.9B | ¥52.7B | ¥41.2B | ¥20.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-6.4B | ¥-3.1B | ¥-150M | ¥-102M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥3.3B | ¥3.1B | ¥1.4B | ¥197M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥49.1B | ¥62.1B | ¥60.3B | ¥54.4B | ¥35.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥144M | ¥574M | ¥823M | ¥102M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥50.2B | ¥31.8B | ¥7.6B | ¥12.7B | ¥11.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-44.5B | ¥-22.8B | ¥26.8B | ¥26.8B | ¥9.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥2.3B | ¥19.0B | ¥27.1B | ¥24.8B | ¥6.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥1,697 | ¥2,270 | ¥1,910 | ¥506 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥5,533 | ¥5,060 | ¥4,187 | ¥2,709 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥5.8B | ¥4.6B | ¥21.3B | ¥26.2B | ¥8.9B |
| Taxes Paid | — | ¥-4.2B | ¥-9.2B | ¥-7.9B | ¥-2.1B |
| Interest Paid | — | ¥-129M | ¥-99M | ¥-141M | ¥-157M |
| Interest Received | — | ¥561M | ¥802M | ¥208M | ¥89M |
| D&A | ¥1.4B | ¥1.4B | ¥1.5B | ¥1.8B | ¥942M |
| Goodwill Amort. | — | ¥1.2B | ¥877M | ¥764M | ¥674M |
| Investing CF | ¥-6.8B | ¥-11.9B | ¥-11.7B | ¥-1.3B | ¥2.6B |
| Purchase Investments | — | ¥-9.1B | ¥-161M | ¥-187M | ¥-118M |
| Proceeds from Invest. | — | ¥2.5B | ¥1.2B | ¥163M | ¥27M |
| Financing CF | ¥-2.3B | ¥-10.2B | ¥-22.7B | ¥-6.5B | ¥-11.7B |
| Dividends Paid | — | ¥-1.3B | ¥-3.6B | ¥-2.1B | ¥-652M |
| Share Buybacks | — | ¥-3.3B | ¥-3.0B | ¥-48M | ¥0M |
| LT Debt Repaid | — | ¥-1.4B | ¥-9.5B | ¥-2.2B | ¥-3.6B |
| Free Cash Flow | ¥5.8B | ¥4.6B | ¥21.3B | ¥26.2B | ¥8.9B |
| Net Change in Cash | — | ¥-16.8B | ¥-12.1B | ¥18.6B | ¥119M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 11.1% | 13.4% | 25.4% | 50.4% | 16.4% |
| ROA | 5.5% | 8.0% | 15.5% | 28.2% | 8.0% |
| EPS | ¥148.30 | ¥750.13 | ¥1,209.24 | ¥1,767.99 | ¥414.82 |
| DPS | ¥23.00 | ¥130.00 | ¥100.00 | ¥320.00 | ¥80.00 |
| BPS | ¥1,453.23 | ¥5,825.49 | ¥5,322.49 | ¥4,292.78 | ¥2,723.79 |
| FCF/Share | — | ¥408 | ¥1,786 | ¥2,017 | ¥685 |
| NCAV/Share | — | ¥1,697 | ¥2,270 | ¥1,910 | ¥506 |
| Payout Ratio | 15.5% | 17.3% | 8.3% | 18.1% | 19.3% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 53
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-13
16:00
|
Div Increase | ¥1.6B ¥41.0/sh +156% | Mitsui Matsushima Holdings announced a dividend increase for FY2026 (ended March 31, 2026) with a year-end dividend of 4… | |
|
Summary
Mitsui Matsushima Holdings announced a dividend increase for FY2026 (ended March 31, 2026) with a year-end dividend of 41 yen per share (total annual dividend 64 yen including interim), up significantly from 16 yen per share (26 yen total) in FY2025. The company also raised its FY2027 dividend forecast to 74 yen per share, representing a 10 yen increase from FY2026, reflecting strong earnings performance and a commitment to continuous shareholder returns.
YoY: +156%
Source (JP)
2026年3月期の期末配当につきましては、上記方針及び業績動向等を総合的に勘案した結果、1株当たり配当41円(中間配当金(1株につき23円)と合わせ、年間では64円)と致しました。
剰余金の配当および次期配当予想(増配)に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
14,456 | 12.88% |
| 2 | 株式会社南青山不動産 | 11,554 | 10.30% |
| 3 | 株式会社フォルティス | 10,566 | 9.42% |
| 4 | 株式会社シティインデックスイレブンス | 10,051 | 8.96% |
| 5 | 株式会社エスグラントコーポレーション | 9,965 | 8.88% |
| 6 | 野村 絢(常任代理人 三田証券株式会社) | 4,851 | 4.32% |
| 7 |
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
|
3,318 | 2.95% |
| 8 | 株式会社十八親和銀行 | 3,268 | 2.91% |
| 9 |
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505223(常任代理人 株式会社みずほ銀行決済営業部)
|
2,625 | 2.34% |
| 10 |
Nomura Securities Co., Ltd.
野村證券株式会社
|
1,931 | 1.72% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
12.9%
-2.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
51.8%
+37.4% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 64.7% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 Activist |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 9.38% | 12.33% | 12.88% +0.55% | |
| 式会社南青山不動産 NEW ENTRY | — | — | — | 10.30% NEW |
| 式会社フォルティス NEW ENTRY | — | — | — | 9.42% NEW |
| City Index Eleventh Activist NEW ENTRY | — | — | — | 8.96% NEW |
| 式会社エスグラントコーポレーション NEW ENTRY | — | — | — | 8.88% NEW |
| 野村 絢 NEW ENTRY | — | — | — | 4.32% NEW |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 2.55% | 2.78% | 2.95% +0.17% | |
| 式会社十八親和銀行 | 2.51% | 2.74% | 2.91% +0.17% | |
| STATE STREET BANK AND TRUST COMPANY STATE STREET BANK AND TRUST COMPANY 505223 | — | 1.63% | 2.34% +0.71% | |
| Nomura Securities Co., Ltd. 野村證券 | — | 1.68% | 1.72% +0.04% | |
| Japan Custody Bank 日本カストディ銀行 last seen 2024 | Exited Top 10 | 1.63% | 3.10% | — |
| STATE STREET BANK AND TRUST COMPANY STATE STREET BANK AND TRUST COMPANY 510355 last seen 2024 | Exited Top 10 | — | 1.55% | — |
| THE BANK OF NEW YORK MELLON THE BANK OF NEW YORK MELLON 140044 last seen 2024 | Exited Top 10 | — | 1.44% | — |
| 式会社西日本シティ銀行 last seen 2024 | Exited Top 10 | 1.23% | 1.34% | — |
| Mitsubishi UFJ Trust and Banking 三菱UFJ信託銀行 last seen 2024 | Exited Top 10 | — | 1.25% | — |
| Northern Trust last seen 2023 | Exited Top 10 | 1.19% | — | — |
| 三菱UFJ信託銀行 last seen 2023 | Exited Top 10 | 1.15% | — | — |
| State Street last seen 2023 | Exited Top 10 | 1.42% | — | — |
| BNY Mellon last seen 2023 | Exited Top 10 | 2.51% | — | — |
| Concentration (HHI) ⓘ | 116 | 190 | 564 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥1,207M
+5% since 2023
Holdings
4
4 exited
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥1,207M total | FY2023 ¥1,155M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
559 |
-33.3%
↓
100,000
|
447 | 150,000 | M |
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
500 |
+200.0%
↑
132,000
|
233 | 44,000 | M |
|
HORAI Co.,Ltd.
ホウライ㈱
|
148 |
+200.0%
↑
90,000
|
93 | 30,000 | M |
| 三井住友トラスト・ホールディングス㈱ | — | — | |||
|
譬ェ蠑丈シ夂、セ隘ソ譌・譛ャ繝輔ぅ繝翫Φ繧キ繝」繝ォ繝帙�シ繝ォ繝�繧」繝ウ繧ー繧ケ
㈱西日本フィナンシャルホールディングス
|
— |
−100%
Exit
—
|
239 | 220,400 | M |
|
Yamaguchi Finacial Group,Inc.
㈱山口フィナンシャルグループ
|
— |
−100%
Exit
—
|
29 | 36,000 | M |
|
Kyushu Electric Power Company, Incorporated
九州電力㈱
|
— |
−100%
Exit
—
|
10 | 14,254 | |
|
NIPPON COKE & ENGINEERING CO., LTD.
日本コークス工業㈱
|
— |
−100%
Exit
—
|
104 | 1,200,000 | |
| Portfolio total | 1,207 | 1,155 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding