RS Technologies Co.,Ltd.

3445 株式会社RS Technologies

Semiconductors · Prime · TSE: Disclosed

PRICE: ¥6,600 · MKT CAP: ¥175.3B · P/E: 18.8x · P/B: 2.19x · DIV YIELD: 0.7%

PRICE — 5Y

Characteristics & Business Summary

RS Technologies Co., Ltd. provides silicon wafer reclamation and sale services in Japan, Taiwan, China, South Korea, the United States, Europe, and internationally. It operates through Wafer Reclamation Business, Prime Silicon Wafer Manufacturing and Sales...

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

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	25,562	34,621	49,865	51,893	59,201	76,707
Operating Profit	4,530	6,875	13,019	11,894	13,109	14,281
Ordinary Profit	5,253	8,832	15,500	14,921	15,668	16,635
Net Profit	2,825	3,304	7,739	7,703	9,447	9,297
EPS	¥218	¥256	¥589	¥292	¥358	¥350
DPS	¥20	¥25	¥18	¥30	¥35	¥45

Balance Sheet & Valuation Highlights

Total Assets ¥205B

Net Assets (Equity) ¥153B

Equity Ratio 39.1%

ROE (Return on Equity) 13.3%

Cash & Equivalents ¥97B

Interest-Bearing Debt ¥21B

Capital Expenditure (CapEx) ¥7B

Depreciation & Amort. ¥6B

Major Shareholders

1. Ｒ．Ｓ．ＴＥＣＨＨＯＮＧＫＯＮＧＬＩＭＩＴＥＤ（常任代理人方永義） 35.9%
2. 方永義 8.0%
3. Japan Master Trust Bank 7.9%
4. ＩＮＴＥＲＡＣＴＩＶＥＢＲＯＫＥＲＳＬＬＣ（常任代理人インタラクティブ・ブローカーズ証券株式会社） 3.5%
5. Japan Custody Bank 2.9%
6. State Street Bank and Trust Company 2.9%
7. 那須マテリアル株式会社 2.6%
8. ＢＮＹＧＣＭＣＬＩＥＮＴＡＣＣＯＵＮＴＪＰＲＤＡＣＩＳＧ（ＦＥ－ＡＣ）（常任代理人株式会社三菱ＵＦＪ銀行） 1.7%
9. 鈴木正行 1.7%
10. 本郷邦夫 1.5%

Activist Activity

Nagayoshi Ho 43.96%

2025-10-14 · change

Nippon Value Investors KK 2.5%

2025-09-16 · change

Nippon Value Investors KK 5.26%

2025-06-02 · initial_5pct

Nagayoshi Ho 43.99%

2024-04-16 · correction

FIL Investments (Japan) Limited 4.64%

2024-02-22 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥1,977	¥2,678	¥3,795	¥1,969	¥2,241	¥2,888
FCF/Share	¥-222	¥26	¥761	¥323	¥161	¥280
EPS	¥218	¥256	¥589	¥292	¥358	¥350
DPS	¥20	¥25	¥18	¥30	¥35	¥45
Capital Spending per share	¥715	¥696	¥404	¥202	¥337	¥279
Book Value per share	¥1,868	¥2,064	¥3,422	¥1,975	¥2,300	¥2,628
Common Shares Outstanding	13M	13M	13M	26M	26M	27M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥26B	¥35B	¥50B	¥52B	¥59B	¥77B
Operating Margin (%)	17.7%	19.9%	26.1%	22.9%	22.1%	18.6%
Net Profit (owners)	¥3B	¥3B	¥8B	¥8B	¥9B	¥9B
Net Profit Margin (%)	11.1%	9.5%	15.5%	14.8%	16.0%	12.1%
Working Capital	¥14B	¥22B	¥64B	¥71B	¥78B	¥83B
Total Debt (Interest-bearing)	¥3B	¥8B	¥8B	¥5B	¥9B	¥21B
Net Worth (Common Equity)	¥24B	¥27B	¥45B	¥52B	¥61B	¥70B
Return on Total Assets (ROA)	4.8%	4.2%	6.1%	5.5%	5.2%	4.5%
Return on Common Equity (ROE)	11.7%	12.4%	17.2%	14.8%	15.5%	13.3%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.