1939
YONDENKO CORPORATION
株式会社四電工
Construction
Yondenko Corporation engages in the electrical, and electrical power transmission and distribution facilities, construction activities in Japan. It operates through three segments: Equipment Installation Business, Leasing Business, and Solar Power Business. The Equipment Installation Business segment undertakes contracted power distribution work, power transmission and civil engineering work, electrical and instrumentation work, air conditioning and plumbing work, and information and communications work. The Leasing Business segment leases out construction machinery, vehicles, and equipment. The Solar Power Business segment sells electricity generated by solar power. In addition, it is involved in the development and sale of CAD software; and pole advertising activities. The company was formerly known as Shikoku Electric Construction Corporation and changed its name to Yondenko Corporation in November 1989. Yondenko Corporation was incorporated in 1948 and is headquartered in Takamatsu, Japan.
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥99.4B
¥105.9B
¥92.1B
¥89.1B
¥92.6B
Cost of Sales
¥80.9B
¥87.5B
¥76.0B
¥75.1B
¥78.0B
Gross Profit
¥18.6B
¥18.4B
¥16.1B
¥14.0B
¥14.6B
SG&A
¥9.8B
¥10.3B
¥9.7B
¥9.0B
¥9.2B
Operating Income
¥8.8B
¥8.1B
¥6.4B
¥5.0B
¥5.4B
Non-Operating Income
¥575M
¥524M
¥640M
¥663M
¥799M
Dividend Income
—
¥245M
¥211M
¥171M
¥345M
Interest Income
—
¥17M
¥17M
¥17M
¥16M
Non-Operating Expenses
—
¥60M
¥72M
¥66M
¥69M
Interest Expense
—
¥28M
¥31M
¥40M
¥46M
Ordinary Income
¥9.3B
¥8.5B
¥7.0B
¥5.6B
¥6.1B
Pre-tax Income
¥10.4B
¥7.6B
¥7.0B
¥5.7B
¥5.8B
Income Taxes
¥2.9B
¥2.4B
¥2.4B
¥1.9B
¥2.0B
Current Tax
—
¥2.8B
¥2.4B
¥1.8B
¥2.1B
Deferred Tax
—
¥-325M
¥-47M
¥49M
¥-92M
Net Income (owners)
¥7.5B
¥5.2B
¥4.6B
¥3.8B
¥3.8B
Minority Interest
—
¥29M
¥24M
¥29M
¥27M
Comprehensive Income
—
¥5.7B
¥7.6B
¥3.3B
¥3.6B
EBITDA
¥10.7B
¥10.3B
¥8.8B
¥7.4B
¥8.0B
Goodwill Amort. (J-GAAP)
—
¥346M
¥366M
¥398M
¥584M
EPS
¥158.51
¥109.46
¥290.12
¥239.24
¥240.53
Shares Outstanding
—
47.3M
15.7M
15.7M
15.7M
Shares Issued (total)
—
48.8M
16.3M
16.3M
16.3M
Treasury Shares
—
1.5M
0.5M
0.5M
0.5M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥103.9B
¥99.6B
¥103.2B
¥97.1B
¥96.5B
Current Assets
¥58.4B
¥55.3B
¥58.2B
¥53.6B
¥50.3B
Cash & Deposits
¥13.3B
¥9.5B
¥11.0B
¥7.6B
¥8.3B
Non-Current Assets
¥45.5B
¥44.4B
¥45.0B
¥43.4B
¥46.2B
PP&E
¥24.5B
¥24.3B
¥25.4B
¥26.4B
¥28.0B
Goodwill
—
¥349M
¥868M
¥1.2B
¥1.6B
Intangible Assets
—
¥803M
¥1.3B
¥1.7B
¥2.2B
Investment Securities
¥13.0B
¥12.1B
¥12.3B
¥9.4B
¥10.1B
Deferred Tax Assets
—
¥1.1B
¥1.1B
¥2.3B
¥2.2B
Total Liabilities
¥32.7B
¥34.7B
¥41.4B
¥41.2B
¥42.3B
Current Liabilities
¥24.7B
¥26.2B
¥31.4B
¥29.5B
¥29.4B
ST Debt
¥3.2B
¥2.8B
¥3.4B
¥3.2B
¥3.4B
Taxes Payable
—
¥2.1B
¥2.1B
¥1.5B
¥1.7B
Non-Current Liabilities
¥8.0B
¥8.5B
¥10.0B
¥11.7B
¥12.9B
Total LT Borrowings
¥4.7B
¥5.6B
¥6.6B
¥8.3B
¥9.5B
Pension Obligations
—
¥2.4B
¥2.8B
¥2.9B
¥3.0B
Total Equity
¥71.2B
¥64.9B
¥61.8B
¥55.9B
¥54.2B
Capital Stock
—
¥3.5B
¥3.5B
¥3.5B
¥3.5B
Capital Surplus
—
¥4.3B
¥4.3B
¥4.2B
¥4.2B
Retained Earnings
¥58.5B
¥54.2B
¥51.7B
¥48.8B
¥46.6B
Treasury Stock
—
¥-644M
¥-663M
¥-592M
¥-622M
AOCI
—
¥3.5B
¥3.0B
¥-75M
¥431M
Equity (owners)
¥65.7B
¥61.3B
¥58.8B
¥55.9B
¥53.7B
Minority Interests
—
¥77M
¥54M
¥56M
¥53M
Total Interest-Bearing Debt ⓘ
¥7.8B
¥8.5B
¥10.0B
¥11.4B
¥12.9B
Net Cash ⓘ
¥5.5B
¥995M
¥928M
¥-3.8B
¥-4.6B
NCAV ⓘ
¥25.7B
¥20.5B
¥16.8B
¥12.5B
¥8.0B
NCAV/Share
—
¥434
¥1,066
¥793
¥509
BV/Share
—
¥1,297
¥3,734
¥3,552
¥3,416
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥4.0B
¥-536M
¥6.0B
¥3.8B
¥9.9B
Interest Paid
—
¥-54M
¥-48M
¥-57M
¥-62M
Interest Received
—
¥244M
¥197M
¥237M
¥358M
D&A
¥1.9B
¥1.9B
¥2.0B
¥2.0B
¥2.0B
Goodwill Amort.
—
¥346M
¥366M
¥398M
¥584M
Investing CF
¥947M
¥-1.2B
¥-598M
¥148M
¥-1.6B
CapEx
¥2.0B
¥1.5B
¥1.3B
¥1.3B
¥1.4B
Purchase Investments
—
¥-100M
¥-100M
¥-772M
¥-2.0B
Financing CF
¥-3.7B
¥-4.3B
¥-3.1B
¥-3.1B
¥-2.6B
Dividends Paid
—
¥-2.7B
¥-1.7B
¥-1.6B
¥-1.0B
Share Buybacks
—
¥-8M
¥-3M
¥0M
¥-3M
LT Debt Repaid
—
¥-3.3B
¥-3.0B
¥-3.2B
¥-3.3B
Free Cash Flow
¥2.0B
¥-2.0B
¥4.7B
¥2.5B
¥8.6B
Net Change in Cash
—
¥-6.0B
¥2.3B
¥822M
¥5.8B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
11.0%
8.2%
7.8%
6.8%
7.2%
ROA
7.4%
5.1%
4.6%
3.9%
3.9%
EPS
¥158.51
¥109.46
¥290.12
¥239.24
¥240.53
DPS
¥32.00
¥125.00
¥140.00
¥90.00
¥125.00
BPS
¥1,501.91
¥1,370.87
¥3,921.60
¥3,547.30
¥3,443.05
FCF/Share
—
¥-43
¥298
¥159
¥545
NCAV/Share
—
¥434
¥1,066
¥793
¥509
Payout Ratio
20.2%
114.2%
48.3%
37.6%
52.0%
No filings or capital allocation signals recorded for this company.
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 8
#
Shareholder
Shares (thou.)
% of Total
1
四国電力株式会社
14,998
31.72%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
3,513
7.43%
3
四電工従業員持株会
2,589
5.48%
4
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
1,365
2.89%
5
株式会社伊予鉄グループ
1,361
2.88%
6
BBH BOSTON FOR NOMURA JAPAN SMALLER CAPITALIZATION FUND620065(常任代理人 株式会社みずほ銀行)
852
1.80%
7
日本生命保険相互会社
528
1.12%
8
吉野川電線株式会社
435
0.92%
9
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)
398
0.84%
10
宮地電機株式会社
396
0.84%
Domestic Nominees
10.3%
+0.1% 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
45.6%
-0.4% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
四国電力
31.75%
31.76%
31.72%
-0.04%
日本マスタートラスト信託銀行
5.80%
6.52%
7.43%
+0.91%
四電工従業員持株会
6.35%
6.28%
5.48%
-0.80%
日本カストディ銀行
2.28%
3.73%
2.89%
-0.84%
式会社伊予鉄グループ
NEW ENTRY
—
—
—
2.88%
NEW
BBH BOSTON FOR NOMURA JAPAN SMALLER CAPITALIZATION FUND620065
—
1.23%
1.80%
+0.57%
日本生命保険
1.12%
1.12%
1.12%
吉野川電線
—
0.92%
0.92%
宮地電機
—
1.12%
0.84%
-0.28%
DFA INTL SMALL CAP VALUE PORTFOLIO
1.17%
1.06%
0.84%
-0.22%
光通信
last seen 2024
Exited Top 10
2.93%
2.55%
—
式会社愛媛銀行
last seen 2023
Exited Top 10
1.97%
—
—
式会社伊予銀行
last seen 2023
Exited Top 10
1.41%
—
—
吉田 知広
last seen 2023
Exited Top 10
1.72%
—
—
Concentration (HHI)
ⓘ
1107
1117
1115
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥4,057M
+71% since 2023
Holdings
8
Trend
Stable
vs 2023
Held Company
FY2025
¥4,057M total
FY2023
¥2,366M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
3,251
581,300
1,733
581,300
Hulic Co.,Ltd.
ヒューリック㈱
506
352,300
382
352,300
KAWADEN CORPORATION
㈱かわでん
79
20,000
35
20,000
FUJI CO., LTD.
㈱フジ
64
29,800
51
29,800
MIURA CO.,LTD.
三浦工業㈱
64
21,780
73
21,780
NIHON FLUSH CO.,LTD.
ニホンフラッシュ㈱
48
60,000
58
60,000
DAIHEN CORPORATION
㈱ダイヘン
37
6,000
26
6,000
M
Sumitomo Osaka Cement Co., Ltd.
住友大阪セメント㈱
8
2,407
8
2,407
Portfolio total
4,057
2,366
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding