3447
Shinwa Co., Ltd.
信和株式会社
Metal Products
Shinwa Co., Ltd. provides scaffolding and logistic equipment in Japan. It offers wedge-type scaffolding, scaffolding SPS, custom-made logistics equipment, pallets for scaffolding materials, and hanging pallet. The company also provides logistics equipment and rental service. Shinwa Co., Ltd. was founded in 1977 and is headquartered in Kaizu, 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
TDnet
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥20.1B
¥20.1B
¥12.7B
¥14.8B
¥16.1B
Cost of Sales
¥14.7B
¥14.7B
¥9.9B
¥11.3B
¥11.9B
Gross Profit
¥5.4B
¥5.4B
¥2.8B
¥3.5B
¥4.1B
SG&A
¥3.2B
¥3.2B
¥2.1B
¥2.0B
¥2.0B
Operating Income
¥2.5B
¥2.5B
¥700M
¥1.5B
¥2.1B
Non-Operating Income
—
¥10M
¥1M
¥1M
¥1M
Non-Operating Expenses
—
¥134M
¥49M
¥68M
¥72M
Ordinary Income
¥2.3B
¥1.5B
—
—
—
Pre-tax Income
¥2.3B
¥2.3B
¥653M
¥1.4B
¥2.1B
Net Income (owners)
¥1.7B
¥1.7B
¥410M
¥1.0B
¥1.5B
Minority Interest
—
¥-2M
¥1M
¥-22M
¥-41M
Comprehensive Income
—
¥961M
¥420M
¥981M
¥1.4B
EBITDA
¥3.3B
¥3.3B
¥1.3B
¥2.1B
¥2.7B
EPS
¥126.24
¥126.24
¥29.46
¥72.49
¥105.36
Shares Outstanding
—
13.9M
13.9M
13.9M
13.9M
Shares Issued (total)
—
14.1M
14.1M
14.1M
14.1M
Treasury Shares
—
0.2M
0.2M
0.2M
0.2M
Metric
FY 2025
TDnet
FY 2024
TDnet
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥32.0B
¥32.0B
¥20.7B
¥21.3B
¥22.5B
Current Assets
¥9.7B
¥9.7B
¥7.3B
¥8.0B
¥9.1B
Cash & Deposits
¥3.0B
¥3.0B
¥1.8B
¥2.1B
¥3.5B
Non-Current Assets
¥22.3B
¥22.3B
¥13.4B
¥13.3B
¥13.4B
PP&E
¥6.6B
¥6.6B
¥2.5B
¥2.4B
¥2.5B
Goodwill
—
¥12.3B
¥9.2B
¥9.2B
¥9.2B
Intangible Assets
—
¥1.4B
¥1.4B
¥1.4B
¥1.4B
Deferred Tax Assets
—
¥12M
—
—
—
Total Liabilities
¥15.1B
¥15.1B
¥5.4B
¥5.7B
¥7.4B
Current Liabilities
¥7.6B
¥7.6B
¥2.9B
¥5.2B
¥3.6B
ST Debt
¥5.0B
¥5.0B
¥1.5B
¥4.2B
¥1.6B
Non-Current Liabilities
¥7.5B
¥7.5B
¥2.4B
¥501M
¥3.8B
Total LT Borrowings
¥5.6B
¥5.6B
¥2.0B
—
¥3.2B
Deferred Tax Liab.
—
¥484M
¥258M
¥282M
¥283M
Total Equity
¥16.9B
¥16.9B
¥15.3B
¥15.6B
¥15.2B
Capital Surplus
—
¥6.9B
¥6.9B
¥6.9B
¥6.9B
Retained Earnings
¥10.2B
¥10.2B
¥8.4B
¥8.6B
¥8.2B
Treasury Stock
—
¥-138M
¥-148M
¥-152M
¥-163M
AOCI
—
¥11M
¥22M
¥4M
¥9M
Equity (owners)
¥16.9B
¥16.9B
¥15.3B
¥15.5B
¥15.1B
Minority Interests
—
¥5M
¥8M
¥7M
¥28M
Total Interest-Bearing Debt ⓘ
¥10.7B
¥10.7B
¥3.5B
¥4.2B
¥4.9B
Net Cash ⓘ
¥-7.7B
¥-7.7B
¥-1.6B
¥-2.2B
¥-1.4B
NCAV ⓘ
¥-5.3B
¥-5.3B
¥1.9B
¥2.2B
¥1.7B
NCAV/Share
—
¥-384
¥139
¥160
¥124
BV/Share
—
¥1,215
¥1,101
¥1,118
¥1,089
Metric
FY 2025
TDnet
FY 2024
TDnet
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥2.3B
¥2.3B
¥2.0B
¥686M
¥836M
D&A
¥806M
¥806M
¥592M
¥597M
¥546M
Investing CF
¥-1.2B
¥-1.2B
¥-626M
¥-660M
¥-818M
CapEx
¥1.1B
¥1.1B
¥616M
¥606M
¥676M
Financing CF
¥-1.1B
¥-1.1B
¥-1.6B
¥-1.4B
¥-1.3B
Free Cash Flow
¥1.2B
¥1.2B
¥1.4B
¥81M
¥160M
Net Change in Cash
—
¥1.1B
¥-220M
¥-1.4B
¥-1.3B
Metric
FY 2025
TDnet
FY 2024
TDnet
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
10.2%
10.7%
2.7%
6.6%
9.6%
ROA
5.4%
6.5%
2.0%
4.6%
6.5%
EPS
¥126.24
¥126.24
¥29.46
¥72.49
¥105.36
DPS
¥16.00
¥16.00
¥32.00
¥32.00
¥43.00
BPS
¥1,247.22
¥1,247.22
—
—
—
FCF/Share
—
¥85
¥98
¥6
¥11
NCAV/Share
—
¥-384
¥139
¥160
¥124
Payout Ratio
12.7%
12.7%
108.6%
44.1%
40.8%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 1
Date Activist Stake Event Flag Demands Source
2023-09-06
Sumitomo Mitsui DS Asset Management Company, Limited
3.82%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 2
#
Shareholder
Shares (thou.)
% of Total
1
アルインコ株式会社
689,400
4.95%
2
阪和興業株式会社
689,400
4.95%
3
鬼頭 和也
237,900
1.70%
4
MSIP CLIENT SECURITIES(常任代理人 モルガン・スタンレーMUFG証券株式会社)
177,400
1.27%
5
BNY Mellon (Nominee)
BNYM SA/NV FOR BNYM FOR BNY GCM CLIENT ACCOUNTS M LSCB RD(常任代理人 株式会社三菱UFJ銀行)
161,689
1.16%
6
BNYMSANV RE GCLB RE JP RD LMGC(常任代理人 シティバンク・エヌ・エイ東京支店)
144,700
1.03%
7
中山通商株式会社
137,900
0.99%
8
野村證券株式会社
133,726
0.96%
9
新海 秀治
125,200
0.89%
10
東京短資株式会社
121,300
0.87%
Domestic Nominees
0.0%
-8.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
1.2%
+1.2% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
17.6%
+1.1% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
阪和興業
4.90%
4.95%
4.95%
アルインコ
4.90%
4.95%
4.95%
鬼頭 和也
NEW ENTRY
—
—
—
1.70%
NEW
MSIP CLIENT SECURITIES
NEW ENTRY
—
—
—
1.27%
NEW
BNY Mellon
NEW ENTRY
—
—
—
1.16%
NEW
BNYMSANV RE GCLB RE JP RD LMGC
NEW ENTRY
—
—
—
1.03%
NEW
中山通商
0.90%
0.99%
0.99%
野村證券
NEW ENTRY
—
—
—
0.96%
NEW
新海 秀治
NEW ENTRY
0.70%
—
0.89%
NEW
東京短資
NEW ENTRY
—
—
—
0.87%
NEW
日本マスタートラスト信託銀行
last seen 2024
Exited Top 10
8.80%
6.66%
—
日本カストディ銀行
last seen 2024
Exited Top 10
3.80%
1.70%
—
山田 博
last seen 2024
Exited Top 10
1.40%
1.41%
—
BNP PARIBAS FINANCIAL MARKETS
last seen 2024
Exited Top 10
—
1.22%
—
RE FUND 107―CLIENT AC
last seen 2024
Exited Top 10
—
1.03%
—
DFA INTL SMALL CAP VALUE PORTFOLIO
last seen 2024
Exited Top 10
—
0.99%
—
式会社ヤグミ
last seen 2024
Exited Top 10
0.90%
0.99%
—
Credit Suisse
last seen 2023
Exited Top 10
1.00%
—
—
RE FUND 107-CLIENT AC
last seen 2023
Exited Top 10
1.10%
—
—
Concentration (HHI)
ⓘ
146
104
59
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥52M
+149% since 2023
Holdings
2
+1 new
Trend
1 building
vs 2023
Held Company
FY2025
¥52M total
FY2023
¥21M total
Book Val ¥M
Shares
Book Val ¥M
Shares
HANWA CO.,LTD.
阪和興業㈱
52
+98.4%
↑
10,526
21
5,306
M
NAGAWA Co .,Ltd.
㈱ナガワ
1
NEW
New
103
—
Portfolio total
52
21
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding