1979
Taikisha Ltd.
株式会社大気社
Construction
Taikisha Ltd. engages in the environmental systems and painting systems businesses in Japan. The company is involved in the design, supervision and construction of building air conditioning equipment for general offices and industrial air conditioning equipment for production facilities in factories and research laboratories; and manufacture and sale of related equipment and materials. It also engages in the design, supervision, and construction of painting equipment related to the automobile industry, as well as related manufacturing and selling equipment and materials. In addition, the company designs and constructs HVAC systems for various facilities, factories, and research and development facilities. Taikisha Ltd. was founded in 1913 and is headquartered in Tokyo, Japan.
Price
¥4,475
Market Cap
¥145.8B
Ent. Value
¥111.5B
Net Cash
¥34.2B
Shares Out.
32.6M
P / E
26.4×
EV / EBIT
6.2×
P / Book
1.96×
P / NCAV
1.47×
Div. Yield
3.22%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥276.2B | ¥293.6B | ¥214.8B | ¥209.3B |
| SG&A | ¥27.0B | ¥25.0B | ¥21.5B | ¥22.2B |
| Operating Income | ¥18.0B | ¥18.3B | ¥11.6B | ¥9.4B |
| Non-Operating Income | ¥2.5B | ¥2.2B | ¥1.8B | ¥1.8B |
| Dividend Income | ¥677M | ¥681M | ¥698M | ¥657M |
| Interest Income | ¥781M | ¥897M | ¥324M | ¥259M |
| Non-Operating Expenses | ¥504M | ¥604M | ¥320M | ¥451M |
| Interest Expense | ¥301M | ¥240M | ¥152M | ¥303M |
| Ordinary Income | ¥19.9B | ¥19.9B | ¥13.0B | ¥10.8B |
| Pre-tax Income | ¥19.0B | ¥23.0B | ¥12.6B | ¥12.0B |
| Income Taxes | ¥6.5B | ¥6.2B | ¥3.7B | ¥3.9B |
| Current Tax | ¥6.0B | ¥6.7B | ¥4.0B | ¥3.2B |
| Deferred Tax | ¥504M | ¥-491M | ¥-286M | ¥753M |
| Net Income (owners) | ¥11.0B | ¥15.6B | ¥7.9B | ¥7.2B |
| Minority Interest | ¥1.5B | ¥1.2B | ¥924M | ¥820M |
| Comprehensive Income | ¥12.4B | ¥25.6B | ¥9.6B | ¥7.9B |
| EBITDA | ¥20.3B | ¥20.2B | ¥14.0B | ¥12.3B |
| Goodwill Amort. (J-GAAP) | ¥503M | ¥484M | ¥462M | ¥414M |
| EPS | ¥169.44 | ¥471.94 | ¥234.62 | ¥212.69 |
| Shares Outstanding | 32.6M | 33.0M | 33.3M | 34.2M |
| Shares Issued (total) | 33.6M | 33.6M | 33.6M | 35.1M |
| Treasury Shares | 1.0M | 0.6M | 0.3M | 0.9M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥268.4B | ¥266.5B | ¥237.1B | ¥228.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥210.9B | ¥203.4B | ¥184.5B | ¥168.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥47.6B | ¥55.5B | ¥47.0B | ¥49.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥57.5B | ¥63.1B | ¥52.6B | ¥60.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥13.7B | ¥11.7B | ¥8.6B | ¥11.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥715M | ¥3.5B | ¥3.6B | ¥4.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥1.9B | ¥5.9B | ¥5.9B | ¥7.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥26.3B | ¥30.9B | ¥26.5B | ¥29.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥832M | ¥846M | ¥582M | ¥520M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥112.0B | ¥114.9B | ¥105.1B | ¥97.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥101.0B | ¥103.5B | ¥95.9B | ¥81.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥13.2B | ¥3.7B | ¥2.9B | ¥15.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥1.9B | ¥4.5B | ¥1.8B | ¥1.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥10.9B | ¥11.4B | ¥9.2B | ¥15.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥116M | ¥143M | ¥98M | ¥5.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥1.5B | ¥1.4B | ¥1.3B | ¥1.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥8.3B | ¥9.1B | ¥7.0B | ¥7.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥156.5B | ¥151.6B | ¥132.0B | ¥130.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥6.5B | ¥6.5B | ¥6.5B | ¥6.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥3.8B | ¥3.6B | ¥3.5B | ¥5.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥118.3B | ¥111.9B | ¥100.3B | ¥99.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-5.0B | ¥-3.0B | ¥-1.2B | ¥-2.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥24.5B | ¥25.1B | ¥16.7B | ¥15.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥123.5B | ¥119.0B | ¥109.1B | ¥108.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥8.4B | ¥7.5B | ¥6.2B | ¥6.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥13.3B | ¥3.9B | ¥3.0B | ¥21.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥34.2B | ¥51.6B | ¥43.9B | ¥27.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥99.0B | ¥88.4B | ¥79.4B | ¥70.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥3,038 | ¥2,682 | ¥2,381 | ¥2,070 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥3,792 | ¥3,608 | ¥3,275 | ¥3,183 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥-21.2B | ¥20.7B | ¥4.8B | ¥-8.5B |
| Interest Paid | ¥-303M | ¥-240M | ¥-152M | ¥-303M |
| Interest Received | ¥1.5B | ¥1.6B | ¥1.0B | ¥916M |
| D&A | ¥1.9B | ¥1.5B | ¥2.0B | ¥2.5B |
| Goodwill Amort. | ¥503M | ¥484M | ¥462M | ¥414M |
| Investing CF | ¥-5.0B | ¥2.1B | ¥-1.7B | ¥-1.1B |
| Purchase Investments | ¥-1M | ¥-1M | ¥-44M | ¥-501M |
| Proceeds from Invest. | ¥3.4B | ¥4.2B | ¥3.1B | ¥1.5B |
| Financing CF | ¥1.9B | ¥-5.5B | ¥-9.8B | ¥6.0B |
| Dividends Paid | ¥-4.6B | ¥-4.0B | ¥-4.1B | ¥-3.1B |
| LT Debt Repaid | ¥-138M | ¥-139M | ¥-201M | ¥-2.5B |
| Free Cash Flow | ¥-21.2B | ¥20.7B | ¥4.8B | ¥-8.5B |
| Net Change in Cash | ¥-21.3B | ¥19.3B | ¥-4.8B | ¥-1.9B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 7.6% | 11.6% | 6.3% | 5.9% |
| ROA | 4.1% | 6.2% | 3.4% | 3.2% |
| EPS | ¥169.44 | ¥471.94 | ¥234.62 | ¥212.69 |
| DPS | ¥144.00 | ¥131.00 | ¥121.00 | ¥100.00 |
| BPS | ¥2,282.91 | ¥4,388.08 | ¥3,788.75 | ¥3,658.54 |
| FCF/Share | ¥-651 | ¥629 | ¥144 | ¥-250 |
| NCAV/Share | ¥3,038 | ¥2,682 | ¥2,381 | ¥2,070 |
| Payout Ratio | 85.0% | 27.8% | 51.6% | 47.0% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 10
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-15
15:00
|
Div Increase | ¥4.4B ¥70.0/sh | Taikisha Co., Ltd. announced a dividend policy upgrade, raising its target consolidated DOE from 4.0% to 4.5%, effective… | |
|
Summary
Taikisha Co., Ltd. announced a dividend policy upgrade, raising its target consolidated DOE from 4.0% to 4.5%, effective FY2026. For the fiscal year ending March 31, 2026, the company increased its per-share dividend forecast from ¥54 to ¥70 (¥16 increase per share), totaling ¥4.44 billion, driven by improved earnings performance. The annual dividend per share reaches ¥110 compared to ¥144 in the prior year due to the April 2025 stock split (1:2).
Deadline: 2026-06-24
Source (JP)
足元の収益力向上を踏まえ、目標とする連結自己資本配当率を4.5%に引き上げ、安定的な配当を実施していくことを基本方針とすることに決定いたしました。2026年3月期の期末配当につきましては1株当たり54円と予想しておりましたが、16円増配し1株当たり70円といたします。
配当方針の変更及び剰余金の配当(増配)に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
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)(注3)
|
4,333 | 13.30% |
| 2 |
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)(注4)
|
1,822 | 5.60% |
| 3 | 株式会社建材社 | 1,730 | 5.31% |
| 4 |
Employee Stock Ownership Plan
大気社社員持株会
|
1,244 | 3.82% |
| 5 |
State Street Bank and Trust Company
ステート ストリート バンクアンド トラスト カンパニー505001(常任代理人株式会社みずほ銀行)
|
1,142 | 3.51% |
| 6 |
Sumitomo Realty & Development Co.,Ltd.
住友不動産株式会社
|
1,134 | 3.48% |
| 7 | 株式会社ルフトツヴァイ | 1,000 | 3.07% |
| 8 |
Stock Ownership Plan
大気社協力会社持株会
|
975 | 2.99% |
| 9 |
Nippon Life Insurance
日本生命保険相互会社
|
866 | 2.66% |
| 10 |
Mizuho Bank
株式会社みずほ銀行
|
659 | 2.02% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
18.9%
+0.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
3.5%
+1.3% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
23.4%
+0.6% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 45.8% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 日本マスタートラスト信託銀行 | 19.47% | 14.68% | 13.30% -1.38% | |
| 日本カストディ銀行 | 3.52% | 3.79% | 5.60% +1.81% | |
| 式会社建材社 | 5.19% | 5.25% | 5.31% +0.06% | |
| Employee Stock Ownership Plan 大気社社員持株会 | 3.53% | 3.59% | 3.82% +0.23% | |
| State Street NEW ENTRY | — | — | — | 3.51% NEW |
| Sumitomo Realty & Development Co.,Ltd. 住友不動産 | 3.41% | 3.44% | 3.48% +0.04% | |
| 式会社ルフトツヴァイ NEW ENTRY | — | — | — | 3.07% NEW |
| Stock Ownership Plan 大気社協力会社持株会 | 3.20% | 2.85% | 2.99% +0.14% | |
| Nippon Life Insurance 日本生命保険 | 2.60% | 2.63% | 2.66% +0.03% | |
| Mizuho Bank みずほ銀行 | 1.98% | 2.00% | 2.02% +0.02% | |
| 式会社第二建材社 last seen 2024 | Exited Top 10 | 3.00% | 3.03% | — |
| BNY Mellon last seen 2024 | Exited Top 10 | 3.12% | 2.18% | — |
| Concentration (HHI) ⓘ | 482 | 315 | 305 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥25,154M
-1% since 2023
Holdings
24
9 exited
Trend
2 unwinding
vs 2023
| Held Company | FY2025 ¥25,154M total | FY2023 ¥25,425M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
5,364 |
959,110
|
2,860 | 959,110 | M |
|
Murata Manufacturing Co.
㈱村田製作所
|
4,640 |
+200.0%
↑
2,012,886
|
5,394 | 670,962 | M |
|
Hulic Co.,Ltd.
ヒューリック㈱
|
2,977 |
2,071,800
|
2,252 | 2,071,800 | M |
|
suzuki motor corporation
スズキ㈱
|
2,875 |
+300.0%
↑
1,588,400
|
1,907 | 397,100 | M |
|
CANON INC.
キヤノン㈱
|
1,741 |
-40.0%
↓
375,000
|
1,847 | 625,000 | |
|
Tokyo Tatemono Co., Ltd.
東京建物㈱
|
1,231 |
487,350
|
787 | 487,350 | M |
|
TSUBAKIMOTO CHAIN CO.
㈱椿本チエイン
|
1,225 |
+200.0%
↑
663,000
|
710 | 221,000 | M |
|
KISSEI PHARMACEUTICAL CO.,LTD.
キッセイ薬品工業㈱
|
1,065 |
277,000
|
731 | 277,000 | M |
|
The Shibusawa Warehouse Co.,Ltd.
澁澤倉庫㈱
|
903 |
279,000
|
619 | 279,000 | M |
|
YAKULT HONSHA CO.,LTD.
㈱ヤクルト本社
|
770 |
+100.0%
↑
270,000
|
1,300 | 135,000 | M |
|
Central Japan Railway Company
東海旅客鉄道㈱
|
592 |
+400.0%
↑
207,500
|
656 | 41,500 | |
|
TAKUMA CO., LTD.
㈱タクマ
|
453 |
247,000
|
327 | 247,000 | M |
| パナソニック ホールディングス㈱ | 297 |
168,000
|
198 | 168,000 | |
| 第一生命ホールディングス㈱ | 239 |
52,800
|
128 | 52,800 | M |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
214 |
52,838
|
99 | 52,838 | M |
|
East Japan Railway Company
東日本旅客鉄道㈱
|
177 |
60,000
|
440 | 60,000 | |
| 日本電信電話㈱ | 147 |
+2400.0%
↑
1,020,000
|
161 | 40,800 | |
|
NISSAN SHATAI CO.,LTD.
日産車体㈱
|
103 |
100,000
|
84 | 100,000 | |
|
SAPPORO HOLDINGS LIMITED
サッポロホールディングス㈱
|
76 |
-66.7%
↓
10,000
|
102 | 30,000 | |
|
MITSUBISHI PENCIL CO.,LTD.
三菱鉛筆㈱ (注1)
|
35 |
14,000
|
22 | 14,000 | M |
|
Nissha Co., Ltd.
NISSHA㈱ (注1)
|
25 |
+3.6%
↑
18,407
|
33 | 17,773 | |
|
TOKYU CONSTRUCTION CO.,LTD.
東急建設㈱ (注1)
|
5 |
+42.5%
↑
6,777
|
3 | 4,757 | |
|
EXEO Group, Inc.
エクシオグループ㈱
|
— | — | |||
|
HISAKA WORKS,LTD.
㈱日阪製作所
|
— | — | |||
|
T&D Holdings, Inc.
㈱T&Dホールディングス
|
— |
−100%
Exit
—
|
884 | 538,870 | M |
|
SUMITOMO DENSETSU CO.,LTD.
住友電設㈱
|
— |
−100%
Exit
—
|
455 | 178,500 | M |
|
Riken Vitamin Co., Ltd.
理研ビタミン㈱
|
— |
−100%
Exit
—
|
192 | 100,000 | M |
|
Sompo Holdings, Inc.
SOMPOホールディングス㈱
|
— |
−100%
Exit
—
|
122 | 23,275 | M |
|
FUJITEC CO., LTD.
フジテック㈱
|
— |
−100%
Exit
—
|
1,061 | 323,000 | M |
|
DAIFUKU CO.,LTD.
㈱ダイフク
|
— |
−100%
Exit
—
|
896 | 122,300 | |
|
ANEST IWATA Corporation
アネスト岩田㈱
|
— |
−100%
Exit
—
|
697 | 695,000 | M |
|
NITTO DENKO CORPORATION
日東電工㈱
|
— |
−100%
Exit
—
|
427 | 50,000 | |
|
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 (注1)
|
— |
−100%
Exit
—
|
31 | 28,783 | M |
| Portfolio total | 25,154 | 25,425 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding