1934
YURTEC CORPORATION
株式会社ユアテック
Industrials · Engineering & Construction
Yurtec Corporation operates as a facility engineering company in Japan and internationally. It undertakes the construction of electrical power facilities; information and telecommunication facilities for private companies, public offices, and electrical power companies; infrastructures for living and community environments; and air conditioning and plumbing facilities, such as water supply, drainage, and sanitary facilities. The company also designs, installs, maintains, and manages electrical facilities in various buildings, including office buildings, factories, public facilities, hospitals, schools, and shopping malls; develops renewable energy facilities; and renews aged facilities. Yurtec Corporation was incorporated in 1944 and is headquartered in Sendai, Japan.
Price
¥2,403
Market Cap
¥165.0B
Ent. Value
¥131.2B
Net Cash
¥33.8B
Shares Out.
68.7M
P / E
16.0×
EV / EBIT
7.3×
P / Book
1.06×
P / NCAV
2.25×
Div. Yield
1.50%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥252.3B | ¥257.2B | ¥243.2B | ¥227.4B | ¥225.3B |
| Cost of Sales | ¥209.7B | ¥217.7B | ¥210.9B | ¥197.0B | ¥195.9B |
| Gross Profit | ¥42.6B | ¥39.5B | ¥32.3B | ¥30.4B | ¥29.4B |
| SG&A | ¥24.6B | ¥23.4B | ¥21.8B | ¥20.9B | ¥19.9B |
| Operating Income | ¥18.0B | ¥16.2B | ¥10.5B | ¥9.5B | ¥9.5B |
| Non-Operating Income | ¥1.1B | ¥1.2B | ¥1.4B | ¥1.2B | ¥880M |
| Interest Income | — | ¥372M | ¥295M | ¥230M | ¥216M |
| Non-Operating Expenses | — | ¥72M | ¥89M | ¥264M | ¥332M |
| Interest Expense | — | ¥15M | ¥22M | ¥102M | ¥245M |
| Ordinary Income | ¥18.9B | ¥17.3B | ¥11.9B | ¥10.5B | ¥10.0B |
| Pre-tax Income | ¥15.8B | ¥17.3B | ¥11.7B | ¥10.4B | ¥10.2B |
| Income Taxes | ¥5.5B | ¥5.3B | ¥4.2B | ¥3.9B | ¥3.5B |
| Current Tax | — | ¥5.5B | ¥4.6B | ¥3.9B | ¥4.0B |
| Deferred Tax | — | ¥-206M | ¥-420M | ¥-37M | ¥-491M |
| Net Income (owners) | ¥10.3B | ¥12.0B | ¥7.5B | ¥6.6B | ¥6.7B |
| Minority Interest | — | ¥4M | ¥6M | ¥8M | ¥9M |
| Comprehensive Income | — | ¥13.4B | ¥9.9B | ¥7.2B | ¥7.1B |
| EBITDA | ¥22.6B | ¥21.0B | ¥15.4B | ¥14.6B | ¥14.2B |
| Goodwill Amort. (J-GAAP) | — | ¥353M | ¥388M | ¥441M | ¥324M |
| EPS | ¥150.34 | ¥169.92 | ¥104.83 | ¥91.67 | ¥93.70 |
| Shares Outstanding | — | 68.7M | 71.7M | 71.6M | 71.5M |
| Shares Issued (total) | — | 69.2M | 72.2M | 72.2M | 72.2M |
| Treasury Shares | — | 0.5M | 0.6M | 0.6M | 0.7M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥228.9B | ¥233.6B | ¥231.5B | ¥221.4B | ¥216.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥146.8B | ¥154.3B | ¥152.9B | ¥144.7B | ¥141.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥42.1B | ¥33.8B | ¥33.9B | ¥36.0B | ¥33.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥82.2B | ¥79.2B | ¥78.6B | ¥76.7B | ¥75.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥52.8B | ¥49.1B | ¥48.3B | ¥46.6B | ¥46.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥2.9B | ¥3.3B | ¥3.7B | ¥3.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥6.7B | ¥6.5B | ¥7.0B | ¥6.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥12.4B | ¥11.1B | ¥12.0B | ¥11.4B | ¥11.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥6.1B | ¥6.6B | ¥6.9B | ¥7.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥73.6B | ¥85.8B | ¥89.1B | ¥86.9B | ¥86.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥52.5B | ¥65.0B | ¥66.9B | ¥64.0B | ¥62.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥2.9B | ¥3.5B | ¥2.4B | ¥3.7B | ¥6.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥5.0B | ¥4.0B | ¥3.5B | ¥3.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥21.1B | ¥20.9B | ¥22.2B | ¥22.9B | ¥24.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥5.4B | ¥4.7B | ¥4.5B | ¥4.5B | ¥4.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥14.1B | ¥15.4B | ¥15.7B | ¥15.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥155.4B | ¥147.7B | ¥142.4B | ¥134.5B | ¥129.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥7.8B | ¥7.8B | ¥7.8B | ¥7.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥7.8B | ¥7.9B | ¥7.9B | ¥7.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥132.9B | ¥128.1B | ¥124.3B | ¥118.7B | ¥114.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-281M | ¥-299M | ¥-333M | ¥-376M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥4.1B | ¥2.7B | ¥384M | ¥-193M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥148.3B | ¥143.5B | ¥139.6B | ¥134.0B | ¥129.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥63M | ¥60M | ¥55M | ¥49M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥8.3B | ¥8.2B | ¥6.9B | ¥8.3B | ¥11.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥33.8B | ¥25.5B | ¥27.0B | ¥27.7B | ¥21.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥73.2B | ¥68.5B | ¥63.8B | ¥57.8B | ¥54.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥998 | ¥891 | ¥807 | ¥763 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥2,090 | ¥1,949 | ¥1,872 | ¥1,814 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥6.6B | ¥15.1B | ¥7.8B | ¥9.7B | ¥7.9B |
| Interest Paid | — | ¥-14M | ¥-24M | ¥-102M | ¥-245M |
| Interest Received | — | ¥439M | ¥359M | ¥279M | ¥260M |
| D&A | ¥4.5B | ¥4.5B | ¥4.5B | ¥4.6B | ¥4.4B |
| Goodwill Amort. | — | ¥353M | ¥388M | ¥441M | ¥324M |
| Investing CF | ¥-5.9B | ¥-5.8B | ¥4.3B | ¥-5.3B | ¥-9.8B |
| CapEx | ¥4.9B | ¥4.0B | ¥6.1B | ¥3.9B | ¥4.1B |
| Purchase Investments | — | ¥-4M | ¥-4M | ¥-4M | ¥-2.5B |
| Financing CF | ¥-5.5B | ¥-6.8B | ¥-3.4B | ¥-5.5B | ¥-1.5B |
| Dividends Paid | — | ¥-3.6B | ¥-2.0B | ¥-2.3B | ¥-1.4B |
| Share Buybacks | — | ¥-4.5B | ¥0M | ¥0M | ¥0M |
| LT Debt Repaid | — | ¥-2.4B | ¥-2.7B | ¥-2.8B | ¥-3.0B |
| Free Cash Flow | ¥1.7B | ¥11.1B | ¥1.7B | ¥5.8B | ¥3.9B |
| Net Change in Cash | — | ¥2.3B | ¥9.1B | ¥-705M | ¥-3.2B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 6.8% | 8.3% | 5.4% | 5.0% | 5.3% |
| ROA | 4.5% | 5.2% | 3.3% | 3.0% | 3.1% |
| EPS | ¥150.34 | ¥169.92 | ¥104.83 | ¥91.67 | ¥93.70 |
| DPS | ¥36.00 | ¥68.00 | ¥42.00 | ¥28.00 | ¥28.00 |
| BPS | ¥2,260.83 | ¥2,150.42 | ¥1,986.45 | ¥1,877.71 | ¥1,810.82 |
| FCF/Share | — | ¥161 | ¥24 | ¥81 | ¥54 |
| NCAV/Share | — | ¥998 | ¥891 | ¥807 | ¥763 |
| Payout Ratio | 23.9% | 40.0% | 40.1% | 30.5% | 29.9% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 1
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-04-28
12:30
|
Cost of Capital | — | Yurtec Corporation (TSE Prime 1934) updated its capital cost and shareholder value management strategy on 2026-04-28. Th… | |
|
Summary
Yurtec Corporation (TSE Prime 1934) updated its capital cost and shareholder value management strategy on 2026-04-28. The company revised medium-term plan (2024-2028) targets upward: sales to ¥2,800B (+¥100B), operating profit to ¥200B (+¥65B), and ROE to 9.0% (+3.0 points) to exceed its recognized 5% cost of capital. FY2025 ROE of 6.8% fell short of the 8% market benchmark due to special losses and higher equity cost, but underlying business performance remained on track. Core response pillars include: (1) revenue growth via geographic expansion, renewables, and overseas Corporation; (2) optimal capital allocation with ¥800B growth investment and 50-60% total payout ratio; (3) enhanced IR/SR engagement.
Source (JP)
当社は、資本コストを５％程度（CAPMベース）と認識（2025年10月現在）。投資家が算出した当社資本コスト（６％台）等も踏まえ、ROE目標を9.0％に修正。資本効率の改善に向け、収益性の向上と経営資源の適切な配分に取り組む。
資本コストや株価を意識した経営の実現に向けた対応に関するお知らせ（アップデート）
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 | 東北電力㈱ | 26,915 | 39.20% |
| 2 |
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行㈱（信託口）
|
5,248 | 7.64% |
| 3 | ユアテック従業員持株会 | 5,181 | 7.55% |
| 4 |
Custody Bank of Japan, Ltd. (Trust Account)
㈱日本カストディ銀行（信託口）
|
1,996 | 2.91% |
| 5 | 日本生命保険相互会社（常任代理人日本マスタートラスト信託銀行㈱） | 1,381 | 2.01% |
| 6 | DFA INTL SMALL CAP VALUE PORTFOLIO（常任代理人 シティバンク、エヌ・エイ東京支店） | 1,000 | 1.46% |
| 7 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001（常任代理人 ㈱みずほ銀行決済営業部）
|
964 | 1.40% |
| 8 | ㈱七十七銀行（常任代理人 ㈱日本カストディ銀行） | 942 | 1.37% |
| 9 |
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385781（常任代理人 ㈱みずほ銀行決済営業部）
|
501 | 0.73% |
| 10 | 明治安田生命保険相互会社（常任代理人 ㈱日本カストディ銀行） | 459 | 0.67% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
10.6%
+0.1% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
2.1%
+1.5% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
52.3%
-3.2% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 64.9% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 東北電力 | 41.78% | 41.75% | 39.20% -2.55% | |
| 日本マスタートラスト信託銀行 | 7.34% | 7.47% | 7.64% +0.17% | |
| ユアテック従業員持株会 | 8.25% | 7.63% | 7.55% -0.08% | |
| 日本カストディ銀行 | 2.43% | 3.01% | 2.91% -0.10% | |
| 日本生命保険 | 1.93% | 1.93% | 2.01% +0.08% | |
| DFA INTL SMALL CAP VALUE PORTFOLIO | 1.42% | 1.34% | 1.46% +0.12% | |
| State Street NEW ENTRY | — | — | — | 1.40% NEW |
| ㈱七十七銀行 | 1.32% | 1.31% | 1.37% +0.06% | |
| JP Morgan | 0.57% | 0.67% | 0.73% +0.06% | |
| 明治安田生命保険 | 0.64% | 0.64% | 0.67% +0.03% | |
| 光通信 last seen 2024 | Exited Top 10 | — | 0.88% | — |
| BBH BOSTON FOR NOMURA JAPANSMALLER CAPITALIZATION FUND last seen 2023 | Exited Top 10 | 0.71% | — | — |
| Concentration (HHI) ⓘ | 1882 | 1875 | 1671 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥1,550M
+79% since 2023
Holdings
34
+6 new
9 exited
Trend
10 building
vs 2023
| Held Company | FY2025 ¥1,550M total | FY2023 ¥868M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
The 77Bank,Ltd.
㈱七十七銀行
|
496 |
104,400
|
225 | 104,400 | M |
|
KAWADEN CORPORATION
㈱かわでん
|
239 |
60,000
|
106 | 60,000 | |
|
INFRONEER Holdings Inc.
インフロニア・ホールディングス㈱
|
144 |
119,685
|
122 | 119,685 | |
| 第一生命ホールディングス㈱ | 101 |
+300.0%
↑
89,200
|
54 | 22,300 | M |
|
Sumitomo Corporation
住友商事㈱
|
96 |
28,648
|
67 | 28,648 | |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
69 |
34,410
|
29 | 34,410 | M |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
44 |
10,896
|
20 | 10,896 | M |
|
taisei corporation
大成建設㈱
|
40 |
+3.9%
↑
6,086
|
23 | 5,856 | |
|
SHIMIZU CORPORATION
清水建設㈱
|
38 |
+2.3%
↑
29,365
|
21 | 28,694 | |
|
ENEOS Holdings,Inc.
ENEOSホールディングス㈱
|
38 |
49,220
|
22 | 49,220 | |
|
Vital KSK Holdings Co., Ltd.
㈱バイタルケーエスケー・ホールディングス
|
37 |
30,000
|
26 | 30,000 | |
|
TODA CORPORATION
戸田建設㈱
|
29 |
+2.6%
↑
33,101
|
22 | 32,271 | |
|
FUJI ELECTRIC CO., LTD.
富士電機㈱ (注)４
|
28 |
NEW
New
4,464
|
— | ||
|
ARCS COMPANY,LIMITED
㈱アークス
|
25 |
8,790
|
19 | 8,790 | |
|
Daishi Hokuetsu Financial Group,Inc.
㈱第四北越フィナンシャルグループ
|
18 |
+100.0%
↑
5,874
|
8 | 2,937 | M |
|
NEC Corporation
日本電気㈱
|
15 |
+400.0%
↑
5,000
|
5 | 1,000 | |
|
FUKUYAMA TRANSPORTING CO., LTD.
福山通運㈱
|
14 |
+22.2%
↑
4,047
|
11 | 3,311 | |
|
FUKUDA CORPORATION
㈱福田組
|
11 |
2,244
|
10 | 2,244 | |
|
TOPPAN Holdings Inc.
TOPPANホールディングス㈱
|
9 |
NEW
New
2,413
|
— | ||
|
SUNDAY CO.,LTD.
㈱サンデー
|
9 |
+0.0%
↑
8,655
|
10 | 8,654 | |
|
T&D Holdings, Inc.
㈱T＆Dホールディングス
|
9 |
NEW
New
3,000
|
— | ||
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱ (注)５
|
8 |
NEW
New
2,342
|
— | ||
|
FIDEA Holdings Co. Ltd.
フィデアホールディングス㈱
|
8 |
5,524
|
7 | 5,524 | M |
|
The Toho Bank, Ltd.
㈱東邦銀行
|
7 |
20,000
|
4 | 20,000 | |
|
Isetan Mitsukoshi Holdings Ltd.
㈱三越伊勢丹ホールディングス
|
5 |
2,720
|
4 | 2,720 | |
|
AEON Mall Co.,Ltd.
イオンモール㈱
|
3 |
+4.7%
↑
1,551
|
2 | 1,482 | |
|
NPR-RIKEN CORPORATION
リケンNPR㈱
|
2 |
NEW
New
1,156
|
— | ||
|
RINKO CORPORATION
㈱リンコーコーポレーション
|
2 |
1,600
|
2 | 1,600 | |
|
Jimoto Holdings,Inc.
㈱じもとホールディングス
|
2 |
6,838
|
2 | 6,838 | M |
|
SUMITOMO CHEMICAL COMPANY, LIMITED
住友化学㈱
|
1 |
5,150
|
2 | 5,150 | |
|
Procrea Holdings, Inc.
㈱プロクレアホールディングス
|
1 |
NEW
New
1,000
|
— | ||
|
UEKI CORPORATION
㈱植木組
|
1 |
924
|
1 | 924 | |
|
ASANUMA CORPORATION
㈱淺沼組
|
1 |
+400.0%
↑
1,690
|
1 | 338 | |
|
Fudo Tetra Corporation
㈱不動テトラ
|
— | — | |||
| 日本CMK㈱ | — |
−100%
Exit
—
|
1 | 2,420 | |
|
CHIYODA CORPORATION
千代田化工建設㈱
|
— |
−100%
Exit
—
|
4 | 10,368 | |
| 富士古河E C㈱ | — |
−100%
Exit
—
|
18 | 4,800 | |
| 凸版印刷㈱ | — |
−100%
Exit
—
|
6 | 2,363 | |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
5 | 1,171 | M |
| ㈱T Dホールディングス | — |
−100%
Exit
—
|
4 | 3,000 | |
|
Resona Holdings, Inc.
㈱りそなホールディングス
|
— |
−100%
Exit
—
|
2 | 4,100 | |
|
Procrea Holdings, Inc.
㈱プロクレアホールディングス (注)３
|
— |
−100%
Exit
—
|
2 | 1,000 | |
|
Nippon Piston Ring Co.,Ltd.
日本ピストンリング㈱
|
— |
−100%
Exit
—
|
1 | 1,134 | |
| Portfolio total | 1,550 | 868 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding