Rigaku Holdings Corporation engages in the manufacture and sale of scientific equipment in Japan, the United States, Europe, and Asia. The company offers multipurpose analytical instruments, such as X-ray diffraction equipment, X-ray fluorescence, and X-ray imaging; semiconductor process control equipment, including semiconductor X-ray inspection and X-ray transmission equipment; and product-related warranty, repairs, maintenance, relocation, and other products. Its products are used in life science, academia, semiconductor electronic device, battery, and other applications. The company was founded in 1951 and is based in Akishima, Japan.
Price
ยฅ2,513
Market Cap
ยฅ568.1B
Ent. Value
ยฅ599.4B
Net Debt
โยฅ31.3B
Shares Out.
226.1M
P / E
50.1ร
EV / EBIT
35.9ร
P / Book
10.54ร
P / NCAV
N/M
Div. Yield
0.75%
PRICE
Historical Valuation Mapping
ANNUAL BASES VS. DAILY MULTIPLES
1Yr
3Yr
5Yr
Max
ANNUAL HISTORICAL EPS (ยฅ)
VALUATION MULTIPLE (P/E)
DAILY PRICING LOGS VIA YAHOO FINANCE
โข
HISTORICAL FUNDAMENTALS COMPILATION VIA EDINET
| Metric |
FY 2025
EDINET โ |
FY 2024
EDINET โ |
|---|---|---|
| Net Sales | ยฅ94.2B | ยฅ90.7B |
| Cost of Sales | ยฅ41.3B | ยฅ35.4B |
| Gross Profit | ยฅ52.9B | ยฅ55.3B |
| SG&A | ยฅ35.5B | ยฅ36.8B |
| Operating Income | ยฅ16.7B | ยฅ18.4B |
| Non-Operating Income | ยฅ405M | ยฅ366M |
| Non-Operating Expenses | ยฅ1.1B | ยฅ755M |
| Pre-tax Income | ยฅ16.0B | ยฅ18.0B |
| Net Income (owners) | ยฅ11.4B | ยฅ13.6B |
| Comprehensive Income | ยฅ12.2B | ยฅ16.4B |
| EBITDA | ยฅ21.8B | ยฅ23.2B |
| EPS | ยฅ50.19 | ยฅ60.44 |
| Shares Outstanding | 226.1M | 225.2M |
| Shares Issued (total) | 230.4M | 225.3M |
| Treasury Shares | 4.3M | 0.0M |
| Metric |
FY 2025
EDINET โ |
FY 2024
EDINET โ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ยฅ185.2B | ยฅ177.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ยฅ76.3B | ยฅ71.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ยฅ24.3B | ยฅ28.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ยฅ108.9B | ยฅ106.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ยฅ22.6B | ยฅ19.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ยฅ51.9B | ยฅ51.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ยฅ26.5B | ยฅ27.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ยฅ1.0B | ยฅ1.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ยฅ96.8B | ยฅ95.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ยฅ33.6B | ยฅ29.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ยฅ6.9B | ยฅ4.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ยฅ63.2B | ยฅ65.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ยฅ48.7B | ยฅ51.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ยฅ7.7B | ยฅ8.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ยฅ88.4B | ยฅ81.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ยฅ47.8B | ยฅ49.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ยฅ36.5B | ยฅ25.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ยฅ-4.0B | ยฅ-4M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ยฅ7.0B | ยฅ6.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ยฅ88.4B | ยฅ81.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt โ | ยฅ55.6B | ยฅ55.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash โ | ยฅ-31.3B | ยฅ-27.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV โ | ยฅ-20.5B | ยฅ-24.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ยฅ-91 | ยฅ-109 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ยฅ391 | ยฅ363 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
EDINET โ |
FY 2024
EDINET โ |
|---|---|---|
| Operating CF | ยฅ9.4B | ยฅ14.6B |
| D&A | ยฅ5.1B | ยฅ4.9B |
| Investing CF | ยฅ-6.6B | ยฅ-6.1B |
| CapEx | ยฅ5.8B | ยฅ5.9B |
| Financing CF | ยฅ-6.6B | ยฅ-2.4B |
| Free Cash Flow | ยฅ3.6B | ยฅ8.7B |
| Net Change in Cash | ยฅ-3.7B | ยฅ7.5B |
| Metric |
FY 2025
EDINET โ |
FY 2024
EDINET โ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability Ratios | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Return on Equity (ROE) โ | 13.4% | 16.7% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Return on Assets (ROA) โ | 6.3% | 7.7% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Gross Margin โ | 56.1% | 61.0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Margin โ | 17.7% | 20.3% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Margin โ | 12.1% | 15.0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Liquidity Ratios | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Ratio โ | 2.27x | 2.38x | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Quick Ratio โ | 2.27x | 2.38x | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Per Share Metrics | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Revenue / Share โ | ยฅ417 | ยฅ402 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share โ | ยฅ391 | ยฅ363 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share โ | ยฅ-91 | ยฅ-109 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS โ | ยฅ50.19 | ยฅ60.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DPS โ | ยฅ18.80 | ยฅ3.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Payout Ratio โ | 37.5% | 5.0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| FCF/Share โ | ยฅ15.74 | ยฅ38.79 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Market Valuation
Avg daily close price for calendar year ร most recently reported EPS / DPS
| Metric | CY2024 | CY2025 |
|---|---|---|
| Avg P/E โ |
17.1ร
EPS from 2024-12 |
17.7ร
EPS from 2025-12 |
| Avg Div Yield โ |
0.29%
DPS from 2024-12 |
2.11%
DPS from 2025-12 |
| Avg Daily Close | ยฅ1,036 | ยฅ891 |
Growth Rates (CAGR)
| Metric | 3yr CAGR | 5yr CAGR |
|---|---|---|
| Stock Price | โ | โ |
| Sales | โ | โ |
| FCF/Share | โ | โ |
| EPS | โ | โ |
| DPS | โ | โ |
| BV/Share | โ | โ |
| NCAV/Share | โ | โ |
๐ฏ๐ต Disclosure Information in Accordance with โAction to Implement Management that is Conscious of Cost of Capital and Stock Priceโ
Market Segment: Prime
Status:
Disclosed
Our company recognizes that the cost of equity capital currently required by us is estimated to be approximately 11% to 14% based on figures calculated using generally accepted calculation methods such as CAPM through dialogue with securities analysts and institutional investors. In contrast, our ROE for the December 2025 fiscal year is 14.9%, exceeding our cost of capital. However, we will continue efforts to further enhance this level in our medium-term business plan. Specifically, we aim to maintain and expand positive equity spread through the realization of growth strategies led by our semiconductor process control business, which is expected to see dramatically increased demand accompanying the proliferation of AI, and through appropriate allocation of management resources via review of our business portfolio.
For details on our medium-term business plan, please refer to our company website.
<Medium-term Business Plan>
(Japanese) https://rigaku-holdings.com/ir/midtermplan/
(English) https://rigaku-holdings.com/english/ir/midtermplan/
EVENT TIMELINE
S Shareholder
A Capital Signal
No capital allocation signals recorded for this company.
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Atom Investment, L.P.
Atom Investment, L.P.
|
95,140,800 |
|
| 2 | ๅฟๆ ๆถ | 27,476,600 |
|
| 3 |
Japan Master Trust Bank
ๆฅๆฌใในใฟใผใใฉในใไฟก่จ้่กๆ ชๅผไผ็คพ๏ผไฟก่จๅฃ๏ผ
|
14,572,800 |
|
| 4 |
INDUS SELECT MASTER FUND, LTD.
๏ผฉ๏ผฎ๏ผค๏ผต๏ผณ ๏ผณ๏ผฅ๏ผฌ๏ผฅ๏ผฃ๏ผด ๏ผญ๏ผก๏ผณ๏ผด๏ผฅ๏ผฒ ๏ผฆ๏ผต๏ผฎ๏ผค๏ผ ๏ผฌ๏ผด๏ผค๏ผ๏ผๅธธไปปไปฃ็ไบบ ้ฆๆธฏไธๆตท้่กๆฑไบฌๆฏๅบ๏ผ
|
4,212,600 |
|
| 5 |
Japan Custody Bank
ๆ ชๅผไผ็คพๆฅๆฌใซในใใใฃ้่ก๏ผไฟก่จๅฃ๏ผ
|
3,604,400 |
|
| 6 |
Northern Trust Company
๏ผฎ๏ผฏ๏ผฒ๏ผด๏ผจ๏ผฅ๏ผฒ๏ผฎ ๏ผด๏ผฒ๏ผต๏ผณ๏ผด ๏ผฃ๏ผฏ๏ผ๏ผ๏ผก๏ผถ๏ผฆ๏ผฃ๏ผ ๏ผฒ๏ผฅ ๏ผต๏ผซ๏ผต๏ผฃ ๏ผต๏ผฃ๏ผฉ๏ผด๏ผณ ๏ผฃ๏ผฌ๏ผฉ๏ผฅ๏ผฎ๏ผด๏ผณ ๏ผฎ๏ผฏ๏ผฎ ๏ผฌ๏ผฅ๏ผฎ๏ผค๏ผฉ๏ผฎ๏ผง ๏ผ๏ผ๏ผฐ๏ผฃ๏ผด ๏ผด๏ผฒ๏ผฅ๏ผก๏ผด๏ผน ๏ผก๏ผฃ๏ผฃ๏ผฏ๏ผต๏ผฎ๏ผด๏ผๅธธไปปไปฃ็ไบบ ้ฆๆธฏไธๆตท้่กๆฑไบฌๆฏๅบ๏ผ
|
3,280,500 |
|
| 7 | ๏ผฉ๏ผฎ๏ผค๏ผต๏ผณ ๏ผช๏ผก๏ผฐ๏ผก๏ผฎ ๏ผฌ๏ผฏ๏ผฎ๏ผง ๏ผฏ๏ผฎ๏ผฌ๏ผน ๏ผญ๏ผก๏ผณ๏ผด๏ผฅ๏ผฒ ๏ผฆ๏ผต๏ผฎ๏ผค๏ผ ๏ผฌ๏ผด๏ผค๏ผๅธธไปปไปฃ็ไบบ ้ฆๆธฏไธๆตท้่กๆฑไบฌๆฏๅบ๏ผ | 2,650,000 |
|
| 8 |
GIC PRIVATE LIMITED ๏ผ C
๏ผง๏ผฉ๏ผฃ ๏ผฐ๏ผฒ๏ผฉ๏ผถ๏ผก๏ผด๏ผฅ ๏ผฌ๏ผฉ๏ผญ๏ผฉ๏ผด๏ผฅ๏ผค ๏ผ ๏ผฃ๏ผๅธธไปปไปฃ็ไบบ ๆ ชๅผไผ็คพไธ่ฑ๏ผต๏ผฆ๏ผช้่ก๏ผ
|
2,565,453 |
|
| 9 |
Citibank, N.A.
๏ผฏ๏ผฒ๏ผข๏ผฉ๏ผณ ๏ผฉ๏ผฎ๏ผณ๏ผด๏ผฉ๏ผด๏ผต๏ผด๏ผฉ๏ผฏ๏ผฎ๏ผก๏ผฌ ๏ผฆ๏ผต๏ผฎ๏ผค๏ผณ ๏ผฌ๏ผฉ๏ผญ๏ผฉ๏ผด๏ผฅ๏ผค๏ผ๏ผฏ๏ผฒ๏ผข๏ผฉ๏ผณ ๏ผฉ๏ผฎ๏ผณ๏ผด๏ผฉ๏ผด๏ผต๏ผด๏ผฉ๏ผฏ๏ผฎ๏ผก๏ผฌ ๏ผง๏ผฌ๏ผฏ๏ผข๏ผก๏ผฌ ๏ผฅ๏ผฑ๏ผต๏ผฉ๏ผด๏ผน ๏ผ๏ผฏ๏ผฆ๏ผฏ๏ผ ๏ผฆ๏ผต๏ผฎ๏ผค๏ผๅธธไปปไปฃ็ไบบ ใทใใฃใใณใฏใใจใใปใจใคๆฑไบฌๆฏๅบ๏ผ
|
2,173,200 |
|
| 10 |
Northern Trust Company
๏ผฎ๏ผฏ๏ผฒ๏ผด๏ผจ๏ผฅ๏ผฒ๏ผฎ ๏ผด๏ผฒ๏ผต๏ผณ๏ผด ๏ผฃ๏ผฏ๏ผ๏ผ๏ผก๏ผถ๏ผฆ๏ผฃ๏ผ ๏ผฒ๏ผฅ ๏ผต๏ผณ๏ผฌ ๏ผฎ๏ผฏ๏ผฎ๏ผ๏ผด๏ผฒ๏ผฅ๏ผก๏ผด๏ผน ๏ผฃ๏ผฌ๏ผฉ๏ผฅ๏ผฎ๏ผด๏ผณ ๏ผก๏ผฃ๏ผฃ๏ผฏ๏ผต๏ผฎ๏ผด๏ผๅธธไปปไปฃ็ไบบ ้ฆๆธฏไธๆตท้่กๆฑไบฌๆฏๅบ๏ผ
|
2,158,600 |
|
as of 2025-12-31
Source: EDINET โ
Ownership by year โ hover bars for detail
Domestic Nominees
8.0%
-0.2% vs 2024
Trust bank custodians โ GPIF, pensions, investment trusts
Foreign Custodians
2.4%
+2.4% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
59.4%
-3.2% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding ยท top-10 covers 69.8% ยท grey = other shareholders ยท 2025
| Shareholder | Trend | 2024 | 2025 |
|---|---|---|---|
|
Atom Investment, L.P.
Atom Investment, L.P.
|
42.23% | 42.08% -0.15% | |
| ๅฟๆ ๆถ | 11.32% | 12.15% +0.83% | |
|
Japan Master Trust Bank
ๆฅๆฌใในใฟใผใใฉในใไฟก่จ้่ก
|
6.24% | 6.44% +0.20% | |
|
Northern Trust Company
NEW ENTRY
Northern Trust
|
โ | โ | 2.40% NEW |
|
INDUS SELECT MASTER FUND, LTD.
INDUS SELECT MASTER FUND, LTD.
|
1.97% | 1.86% -0.11% | |
|
Japan Custody Bank
ๆฅๆฌใซในใใใฃ้่ก
|
1.98% | 1.59% -0.39% | |
| INDUS JAPAN LONG ONLY MASTER FUND, LTD NEW ENTRY | โ | โ | 1.17% NEW |
|
GIC PRIVATE LIMITED ๏ผ C
GIC PRIVATE LIMITED - C
|
1.22% | 1.13% -0.09% | |
| ORBIS INSTITUTIONAL FUNDS LIMITED-ORBIS INSTITUTIONAL GLOBAL EQUITY (OFO) FUND NEW ENTRY | โ | โ | 0.96% NEW |
|
GOLDMAN SACHS INTERNATIONAL
Goldman Sachs
last seen 2024
|
Exited Top 10 | 2.49% | โ |
|
MORGAN STANLEY ๏ผ CO. LLC
Morgan Stanley
last seen 2024
|
Exited Top 10 | 1.19% | โ |
|
CEPLUX๏ผCOLUMBIA THREADNEEDLE ๏ผLUX๏ผI
CEPLUX-COLUMBIA THREADNEEDLE (LUX)I
last seen 2024
|
Exited Top 10 | 1.15% | โ |
|
GOVERNMENT OF NORWAY
GOVERNMENT OF NORWAY
last seen 2024
|
Exited Top 10 | 1.02% | โ |
| Concentration (HHI) โ | 1970 | 1975 |
2 fiscal years ยท top-10 holders per year ยท >2,500 HHI = high concentration ยท entity-resolved
Material Events (1)
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| Date | Category | Summary | Amount | |
|---|---|---|---|---|
| 2026-02-25 |
๐ฅ Financial
Earnings Revision
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The company announced receipt of a dividend payment of 11,233 thousand USD (approximately 1,714 million JPY) from its consolidated subsidiary Rigaku Americas Holding, Inc., with a record date of February 25, 2026 and expected payment date of March 31, 2026. The dividend will be recorded as dividend income in the company's individual financial statements for the fiscal year ending December 2026, but will have no impact on consolidated earnings as it is from a subsidiary.
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ยฅ0M | โบ |
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Summary
The company announced receipt of a dividend payment of 11,233 thousand USD (approximately 1,714 million JPY) from its consolidated subsidiary Rigaku Americas Holding, Inc., with a record date of February 25, 2026 and expected payment date of March 31, 2026. The dividend will be recorded as dividend income in the company's individual financial statements for the fiscal year ending December 2026, but will have no impact on consolidated earnings as it is from a subsidiary.
Counterparty: Rigaku Americas Holding, Inc.
Source (JP)
โ EDINET
้ฃ็ตๅญไผ็คพๅ๏ผRigaku Americas Holding, Inc.้
ๅฝ้้ก๏ผ11,233ๅ็ฑณใใซ๏ผ็ด1,714็พไธๅ๏ผ๏ผ๏ผ็ฑณใใซ๏ผ152.66ๅใงๆ็ฎ๏ผ
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