TAKAHASHI CURTAIN WALL CORPORATION

1994 高橋カーテンウォール工業株式会社

Building Products & Equipment · Standard

PRICE: ¥552 · MKT CAP: ¥4.4B · P/E: 23.1x · P/B: 0.41x · DIV YIELD: 3.6%

PRICE — 5Y

Characteristics & Business Summary

Takahashi Curtain Wall Corporation engages in the PC curtain wall and aqua businesses in Japan. The company designs, manufactures, and constructs exterior walls, precast concrete curtain walls, building components, and components for architecture. It also...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	7,367	12,233	7,531	7,333	9,384	7,338
Operating Profit	838	1,985	170	356	594	113
Ordinary Profit	914	2,113	248	449	672	187
Net Profit	902	1,403	152	302	373	191
EPS	¥104	¥164	¥18	¥36	¥46	¥24
DPS	¥23	¥25	¥20	¥20	¥20	¥20

Balance Sheet & Valuation Highlights

Total Assets ¥13B

Net Assets (Equity) ¥11B

Equity Ratio 85.5%

ROE (Return on Equity) 1.8%

Cash & Equivalents ¥2B

Interest-Bearing Debt ¥1B

Capital Expenditure (CapEx) ¥0B

Depreciation & Amort. ¥0B

Major Shareholders

1. 高橋武治 18.3%
2. 高橋敏男 10.2%
3. 高橋宗敏 6.0%
4. 岩崎陽子 6.0%
5. 高橋亜紀子 5.4%
6. 高橋雅代 2.2%
7. BNYM RE BNYMLB RE GPP CLIENT MONEY AND ASSETS AC 2.1%
8. 石島郁美 1.8%
9. Showa Chemical Industry Co. 1.7%
10. 高橋真治 1.5%

Activist Activity

Mizuho Securities Co., Ltd. 7.43%

2026-04-22 · change

Toshio Takahashi 9.35%

2026-02-26 · correction

Toshio Takahashi 10.59%

2026-02-26 · correction

Toshio Takahashi 9.35%

2026-02-26 · correction

Toshio Takahashi 11.83%

2026-02-26 · correction

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥853	¥1,427	¥884	¥886	¥1,169	¥926
FCF/Share	¥-36	¥190	¥-140	¥150	¥-243	¥270
EPS	¥104	¥164	¥18	¥36	¥46	¥24
DPS	¥23	¥25	¥20	¥20	¥20	¥20
Capital Spending per share	¥25	¥43	¥38	¥33	¥12	¥47
Book Value per share	¥1,110	¥1,249	¥1,251	¥1,290	¥1,338	¥1,353
Common Shares Outstanding	9M	9M	9M	8M	8M	8M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥7B	¥12B	¥8B	¥7B	¥9B	¥7B
Operating Margin (%)	11.4%	16.2%	2.3%	4.9%	6.3%	1.5%
Net Profit (owners)	¥1B	¥1B	¥0B	¥0B	¥0B	¥0B
Net Profit Margin (%)	12.2%	11.5%	2.0%	4.1%	4.0%	2.6%
Working Capital	¥4B	¥5B	¥5B	¥5B	¥6B	¥5B
Total Debt (Interest-bearing)	¥1B	¥1B	¥0B	¥1B	¥1B	¥1B
Net Worth (Common Equity)	¥10B	¥11B	¥11B	¥11B	¥11B	¥11B
Return on Total Assets (ROA)	7.1%	10.1%	1.2%	2.4%	2.7%	1.5%
Return on Common Equity (ROE)	9.4%	13.1%	1.4%	2.8%	3.5%	1.8%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.