3024
CREATE CORPORATION
クリエイト株式会社
Wholesale Trade
Create Corporation, together with its subsidiaries, engages in the wholesale of plumbing materials under the TORO brand in Japan. It operates through Plumbing Equipment and Construction Related segments. The company offers plumbing fittings and water taps, water supply pipe equipment, and drainage pipe equipment; and housing equipment, such as air-conditioners. It is also involved in the import of iron castings; sale of drainage pipe fittings and drainage implements; construction and package of drainage implements; processing and production of resinous plumbing systems; construction; and interior finishing works. The company was formerly known as Fukui Kazuo Shoten Co., Ltd. and changed its name to Create Corporation in April 1993. Create Corporation was founded in 1916 and is headquartered in Osaka, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
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
¥37.6B
¥36.6B
¥35.9B
¥34.9B
¥31.5B
Cost of Sales
—
¥30.2B
¥30.0B
¥28.4B
¥26.0B
Gross Profit
—
¥6.4B
¥5.9B
¥6.5B
¥5.6B
SG&A
—
¥5.6B
¥5.5B
¥5.8B
¥5.3B
Operating Income
¥37.6B
¥759M
¥413M
¥680M
¥271M
Non-Operating Income
—
¥85M
¥87M
¥98M
¥141M
Dividend Income
—
¥5M
¥5M
¥4M
¥5M
Interest Income
—
¥1M
¥0M
¥0M
¥1M
Non-Operating Expenses
—
¥98M
¥90M
¥102M
¥82M
Interest Expense
—
¥17M
¥13M
¥14M
¥13M
Ordinary Income
¥37.6B
¥745M
¥411M
¥676M
¥329M
Pre-tax Income
—
¥745M
¥347M
¥693M
¥334M
Income Taxes
—
¥258M
¥203M
¥273M
¥153M
Current Tax
—
¥260M
¥165M
¥163M
¥213M
Deferred Tax
—
¥-1M
¥39M
¥110M
¥-60M
Net Income (owners)
¥1M
¥486M
¥143M
¥420M
¥181M
Comprehensive Income
—
¥557M
¥181M
¥412M
¥170M
EBITDA
—
¥874M
¥520M
¥774M
¥374M
Goodwill Amort. (J-GAAP)
—
¥10M
¥10M
¥2M
—
EPS
—
¥124.44
¥36.79
¥106.60
¥46.05
Shares Outstanding
—
3.9M
3.9M
3.9M
3.9M
Shares Issued (total)
—
4.0M
4.0M
4.0M
4.0M
Treasury Shares
—
0.1M
0.1M
0.1M
0.0M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
—
¥17.4B
¥17.0B
¥17.1B
¥15.6B
Current Assets
—
¥13.0B
¥12.7B
¥12.7B
¥11.6B
Cash & Deposits
—
¥1.4B
¥1.4B
¥1.7B
¥1.2B
Non-Current Assets
—
¥4.4B
¥4.3B
¥4.5B
¥4.0B
PP&E
—
¥2.4B
¥2.2B
¥2.3B
¥2.0B
Goodwill
—
¥76M
¥86M
¥96M
—
Intangible Assets
—
¥128M
¥139M
¥156M
¥72M
Investment Securities
—
¥150M
¥171M
¥150M
¥152M
Deferred Tax Assets
—
¥508M
¥541M
¥596M
¥476M
Total Liabilities
—
¥12.0B
¥12.1B
¥12.3B
¥11.2B
Current Liabilities
—
¥10.1B
¥9.8B
¥9.8B
¥9.0B
Accounts Payable
—
¥3.1B
¥3.1B
¥2.9B
¥2.8B
ST Debt
—
¥428M
¥589M
¥642M
¥637M
Taxes Payable
—
¥200M
¥106M
¥109M
¥211M
Non-Current Liabilities
—
¥1.9B
¥2.3B
¥2.5B
¥2.2B
Total LT Borrowings
—
¥465M
¥893M
¥1.1B
¥1.0B
Pension Obligations
—
¥800M
¥941M
¥909M
¥905M
Total Equity
—
¥5.3B
¥4.9B
¥4.8B
¥4.4B
Capital Stock
—
¥646M
¥646M
¥646M
¥646M
Capital Surplus
—
¥811M
¥808M
¥807M
¥806M
Retained Earnings
—
¥3.8B
¥3.4B
¥3.4B
¥2.9B
Treasury Stock
—
¥-77M
¥-53M
¥-65M
¥-21M
AOCI
—
¥151M
¥81M
¥44M
¥52M
Equity (owners)
—
¥5.2B
¥4.8B
¥4.8B
¥4.3B
Total Interest-Bearing Debt ⓘ
—
¥893M
¥1.5B
¥1.8B
¥1.7B
Net Cash ⓘ
—
¥524M
¥-101M
¥-15M
¥-438M
NCAV ⓘ
—
¥954M
¥636M
¥372M
¥371M
NCAV/Share
—
¥246
¥163
¥96
¥94
BV/Share
—
¥1,333
¥1,239
¥1,232
¥1,098
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
—
¥902M
¥4M
¥772M
¥166M
Interest Paid
—
¥-46M
¥-27M
¥-30M
¥-26M
Interest Received
—
¥6M
¥6M
¥5M
¥5M
D&A
—
¥106M
¥97M
¥92M
¥104M
Goodwill Amort.
—
¥10M
¥10M
¥2M
—
Investing CF
—
¥-65M
¥51M
¥-207M
¥12M
CapEx
—
¥69M
¥55M
¥47M
¥30M
Purchase Investments
—
¥-3M
¥-3M
¥-3M
¥-2M
Proceeds from Invest.
—
—
¥9M
¥4M
¥40M
Financing CF
—
¥-793M
¥-422M
¥-60M
¥-42M
Dividends Paid
—
¥-124M
¥-108M
¥-63M
¥-0M
Share Buybacks
—
¥-37M
¥-0M
¥-57M
—
LT Debt Repaid
—
¥-589M
¥-680M
¥-717M
¥-721M
Free Cash Flow
—
¥833M
¥-51M
¥726M
¥137M
Net Change in Cash
—
¥44M
¥-367M
¥508M
¥131M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
—
9.5%
2.9%
9.1%
4.2%
ROA
—
2.8%
0.8%
2.6%
1.2%
EPS
—
¥124.44
¥36.79
¥106.60
¥46.05
DPS
—
¥38.00
¥26.00
¥24.00
¥12.00
BPS
—
¥1,371.78
¥1,260.01
¥1,243.51
¥1,111.05
FCF/Share
—
¥215
¥-13
¥187
¥35
NCAV/Share
—
¥246
¥163
¥96
¥94
Payout Ratio
—
30.5%
70.7%
22.5%
26.1%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 2
Date Activist Stake Event Flag Demands Source
2025-08-07
FUKUI MICHIO
9.73%
correction
Passive
—
2025-08-01
FUKUI MICHIO
9.73%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 4
#
Shareholder
Shares (thou.)
% of Total
1
Business Partner Stock Ownership Plan
クリエイト取引先持株会
793
20.43%
2
福井道夫
451
11.62%
3
Employee Stock Ownership Plan
クリエイト従業員持株会
362
9.33%
4
福井珠樹
276
7.13%
5
吉成隆則
76
1.96%
6
岡部バルブ工業株式会社
75
1.94%
7
新東鋳造株式会社
62
1.60%
8
髙木敏幸
61
1.58%
9
坂口明
50
1.29%
10
宇山泰宏
36
0.94%
Domestic Nominees
0.0%
+0.0% 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
57.8%
-1.4% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Business Partner Stock Ownership Plan
クリエイト取引先持株会
28.76%
21.32%
20.43%
-0.89%
福井道夫
11.61%
11.56%
11.62%
+0.06%
Employee Stock Ownership Plan
クリエイト従業員持株会
9.16%
9.50%
9.33%
-0.17%
福井珠樹
7.12%
7.09%
7.13%
+0.04%
吉成隆則
1.77%
1.82%
1.96%
+0.14%
岡部バルブ工業
—
1.94%
1.94%
新東鋳造
1.60%
1.59%
1.60%
+0.01%
髙木敏幸
1.70%
1.69%
1.58%
-0.11%
坂口明
1.47%
1.46%
1.29%
-0.17%
宇山泰宏
NEW ENTRY
—
—
—
0.94%
NEW
水間久雄
last seen 2024
Exited Top 10
1.45%
1.23%
—
坂本義一
last seen 2023
Exited Top 10
0.84%
—
—
Concentration (HHI)
ⓘ
1110
745
706
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥136M
+4% since 2023
Holdings
4
3 exited
Trend
2 building
vs 2023
Held Company
FY2025
¥136M total
FY2023
¥131M total
Book Val ¥M
Shares
Book Val ¥M
Shares
KUBOTA CORPORATION
㈱クボタ
55
30,000
60
30,000
Sumitomo Corporation
住友商事㈱
32
+15.5%
↑
9,606
20
8,314
TOAGOSEI CO., LTD.
東亞合成㈱
32
22,500
28
22,500
CK SAN-ETSU METALS Co.,Ltd.
㈱CKサンエツ
17
+10.9%
↑
4,479
18
4,038
HASHIMOTO SOGYO HOLDINGS CO.,LTD.
橋本総業ホールディングス㈱
—
−100%
Exit
—
3
2,420
OTEC CORPORATION
㈱オーテック
—
−100%
Exit
—
2
1,000
OTAKE CORPORATION
㈱オータケ
—
−100%
Exit
—
2
1,000
Portfolio total
136
131
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding