4231
TIGERS POLYMER CORPORATION
タイガースポリマー株式会社
Chemicals
Tigers Polymer Corporation, together with its subsidiaries, manufactures and sells rubber hoses, sheets, and molded products primarily to automotive, electrics, air conditioning, construction and housing, and industrial materials markets in Japan, Southeast Asia, the Americas, and China. It offers home appliance hoses for vacuum cleaners, washing machines, and air conditioners; and industrial hoses for use in general industrial, residential, and civil engineering and construction fields. The company also provides natural, synthetic, special, and urethane rubber sheets for use in packing materials, cushioning materials, mats, silicone rubber moldings, and fluoro rubber stopper. In addition, it offers rubber and resin molded products; and electrical facility materials. The company was formerly known as Tigers Rubber Inc. and changed its name to Tigers Polymer Corporation in June 1973. Tigers Polymer Corporation was founded in 1938 and is headquartered in Osaka, Japan.
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⚠ TSE Capital Mandate
P / Book
0.42×
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
¥50.1B
¥49.3B
¥47.9B
¥45.3B
¥40.9B
Cost of Sales
¥39.5B
¥39.4B
¥38.0B
¥37.9B
¥33.6B
Gross Profit
¥10.7B
¥9.9B
¥9.9B
¥7.4B
¥7.3B
SG&A
¥7.7B
¥7.1B
¥6.7B
¥6.3B
¥6.0B
Operating Income
¥3.0B
¥2.8B
¥3.2B
¥1.1B
¥1.3B
Non-Operating Income
¥517M
¥712M
¥1.2B
¥801M
¥563M
Dividend Income
—
¥134M
¥110M
¥94M
¥71M
Interest Income
—
¥303M
¥186M
¥64M
¥42M
Non-Operating Expenses
—
¥261M
¥110M
¥22M
¥46M
Interest Expense
—
¥35M
¥22M
¥12M
¥17M
Ordinary Income
¥3.5B
¥3.3B
¥4.3B
¥1.9B
¥1.8B
Pre-tax Income
¥3.7B
¥3.3B
¥4.5B
¥1.9B
¥1.8B
Income Taxes
¥1.1B
¥-457M
¥1.1B
¥760M
¥813M
Current Tax
—
¥708M
¥1.1B
¥767M
¥698M
Deferred Tax
—
¥-1.2B
¥-65M
¥-7M
¥115M
Net Income (owners)
¥2.4B
¥3.4B
¥3.0B
¥816M
¥832M
Minority Interest
—
¥394M
¥427M
¥297M
¥199M
Comprehensive Income
—
¥6.0B
¥6.0B
¥3.7B
¥2.6B
EBITDA
¥5.6B
¥5.8B
¥5.9B
¥3.7B
¥3.9B
EPS
¥119.33
¥170.83
¥151.71
¥41.02
¥41.60
Shares Outstanding
—
19.9M
19.9M
19.9M
19.9M
Shares Issued (total)
—
20.1M
20.1M
20.1M
20.1M
Treasury Shares
—
0.2M
0.2M
0.2M
0.2M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥62.3B
¥61.1B
¥57.3B
¥51.4B
¥47.6B
Current Assets
¥35.8B
¥36.7B
¥34.1B
¥30.7B
¥27.9B
Cash & Deposits
¥17.7B
¥19.1B
¥16.7B
¥12.8B
¥11.0B
Trade Receivables
—
¥6.9B
¥7.1B
¥7.8B
¥7.4B
Non-Current Assets
¥26.6B
¥24.4B
¥23.2B
¥20.7B
¥19.7B
PP&E
¥18.5B
¥17.2B
¥16.9B
¥16.0B
¥15.1B
Intangible Assets
—
¥270M
¥413M
¥510M
¥625M
Investment Securities
¥5.9B
¥4.9B
¥5.0B
¥3.6B
¥3.4B
Deferred Tax Assets
—
¥1.6B
¥449M
¥352M
¥286M
Total Liabilities
¥12.4B
¥14.2B
¥15.0B
¥14.5B
¥14.0B
Current Liabilities
¥9.9B
¥10.8B
¥10.6B
¥10.2B
¥9.6B
Accounts Payable
—
¥2.6B
¥2.4B
¥2.7B
¥2.7B
ST Debt
¥1.8B
¥2.6B
¥2.0B
¥1.9B
¥1.4B
Taxes Payable
—
¥112M
¥554M
¥246M
¥276M
Non-Current Liabilities
¥2.5B
¥3.4B
¥4.4B
¥4.3B
¥4.4B
Total LT Borrowings
¥250M
¥150M
¥1.0B
¥1.4B
¥1.6B
Pension Obligations
—
¥1.9B
¥2.1B
¥2.0B
¥2.0B
Deferred Tax Liab.
—
¥1.2B
¥1.2B
¥763M
¥667M
Total Equity
¥49.9B
¥47.0B
¥42.3B
¥36.9B
¥33.7B
Capital Stock
—
¥4.1B
¥4.1B
¥4.1B
¥4.1B
Capital Surplus
—
¥3.9B
¥3.9B
¥3.9B
¥3.9B
Retained Earnings
¥29.4B
¥28.1B
¥25.7B
¥23.0B
¥22.5B
Treasury Stock
—
¥-230M
¥-104M
¥-103M
¥-103M
AOCI
—
¥8.3B
¥6.3B
¥3.9B
¥1.5B
Equity (owners)
¥37.0B
¥35.9B
¥33.6B
¥31.0B
¥30.5B
Minority Interests
—
¥2.8B
¥2.4B
¥2.0B
¥1.7B
Total Interest-Bearing Debt ⓘ
¥2.0B
¥2.8B
¥3.0B
¥3.2B
¥2.9B
Net Cash ⓘ
¥15.7B
¥16.3B
¥13.7B
¥9.6B
¥8.1B
NCAV ⓘ
¥23.3B
¥22.5B
¥19.1B
¥16.3B
¥14.0B
NCAV/Share
—
¥1,132
¥959
¥817
¥702
BV/Share
—
¥1,803
¥1,688
¥1,557
¥1,532
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥2.4B
¥5.1B
¥7.7B
¥3.1B
¥2.6B
Interest Paid
—
¥-31M
¥-22M
¥-12M
¥-23M
Interest Received
—
¥421M
¥279M
¥157M
¥116M
D&A
¥2.6B
¥3.0B
¥2.7B
¥2.6B
¥2.6B
Investing CF
¥-123M
¥-3.8B
¥-3.6B
¥-2.3B
¥-2.1B
Purchase Investments
—
¥-296M
¥-122M
¥-323M
¥-118M
Proceeds from Invest.
—
¥80M
—
—
¥90M
Financing CF
¥-2.3B
¥-1.5B
¥-914M
¥-169M
¥-719M
Dividends Paid
—
¥-973M
¥-417M
¥-259M
¥-300M
Share Buybacks
—
¥-126M
¥-0M
¥-0M
¥-45M
LT Debt Repaid
—
¥-350M
¥-200M
¥-700M
¥-350M
Free Cash Flow
¥2.4B
¥5.1B
¥7.7B
¥3.1B
¥2.6B
Net Change in Cash
—
¥298M
¥3.6B
¥1.3B
¥255M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
4.9%
8.0%
8.1%
2.4%
2.7%
ROA
3.8%
5.7%
5.6%
1.6%
1.7%
EPS
¥119.33
¥170.83
¥151.71
¥41.02
¥41.60
DPS
¥14.00
¥53.00
¥47.00
¥12.00
¥12.00
BPS
¥2,405.48
¥2,237.67
¥2,006.26
¥1,753.54
¥1,608.75
FCF/Share
—
¥255
¥387
¥158
¥131
NCAV/Share
—
¥1,132
¥959
¥817
¥702
Payout Ratio
11.7%
31.0%
31.0%
29.3%
28.8%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 4
Date Activist Stake Event Flag Demands Source
2026-05-08
Tigerkosan LTD
12.33%
change
Passive
—
2024-12-11
Ichiro Sofue
9.21%
change
Passive
—
2024-07-29
Mitsubishi UFJ Financial Group Inc.
4.68%
-0.39%
change
Passive
—
2023-08-07
Mitsubishi UFJ Financial Group Inc.
5.07%
change
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-13
16:00
Div Increase
¥472M ¥24.0/sh
TIGERS POLYMER board resolved on 2026-05-13 to pay a year-end dividend of ¥24.00 per share (total ¥472 million) for FY20…
Summary
TIGERS POLYMER board resolved on 2026-05-13 to pay a year-end dividend of ¥24.00 per share (total ¥472 million) for FY2026 ended 2026-03-31, representing an increase from the prior forecast of ¥21.00 but a decrease from prior year's ¥36.00 per share. The company targets a consolidated payout ratio of 30% or higher and maintains a policy of stable dividends adjusted for performance.
Deadline: 2026-06-29
Source (JP)
期末配当につきましては、1株につき 24.00 円(前回予想 21.00円)といたします。
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 15
#
Shareholder
Shares (thou.)
% of Total
1
タイガー興産有限会社
1,965
9.87%
2
Business Partner Stock Ownership Plan
タイガース取引先持株会
1,866
9.37%
3
澤 田 宏 治
888
4.46%
4
MUFG Bank
株式会社三菱UFJ銀行
817
4.10%
5
T.P.C Stock Ownership Plan
T.P.C持株会
810
4.07%
6
The Bank of Kyoto
株式会社京都銀行(常任代理人株式会社日本カストディ銀行)
776
3.90%
7
澤 田 裕 治
480
2.41%
8
澤 田 純 治
469
2.35%
9
INTERACTIVE BROKERS LLC(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)
432
2.17%
10
Employee Stock Ownership Plan
タイガースポリマー従業員持株会
430
2.16%
Domestic Nominees
0.0%
-2.3% 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
44.9%
+2.7% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
タイガー興産有限会社
9.87%
9.87%
9.87%
Business Partner Stock Ownership Plan
タイガース取引先持株会
8.89%
8.72%
9.37%
+0.65%
澤 田 宏 治
4.46%
4.46%
4.46%
MUFG Bank
式会社三菱UFJ銀行
4.42%
4.41%
4.10%
-0.31%
T.P.C Stock Ownership Plan
T.P.C持株会
3.62%
3.76%
4.07%
+0.31%
The Bank of Kyoto
式会社京都銀行
3.90%
3.90%
3.90%
澤 田 裕 治
2.41%
2.41%
2.41%
澤 田 純 治
—
2.35%
2.35%
INTERACTIVE BROKERS LLC
NEW ENTRY
3.63%
—
2.17%
NEW
Employee Stock Ownership Plan
タイガースポリマー従業員持株会
2.91%
2.25%
2.16%
-0.09%
Japan Master Trust Bank
日本マスタートラスト信託銀行
last seen 2024
Exited Top 10
4.00%
2.30%
—
Concentration (HHI)
ⓘ
288
264
274
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥4,156M
+34% since 2023
Holdings
15
+2 new
3 exited
Trend
5 building
vs 2023
Held Company
FY2025
¥4,156M total
FY2023
¥3,097M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
945
470,080
399
470,080
M
DUSKIN CO.,LTD.
㈱ダスキン
764
+0.5%
↑
210,035
666
208,915
M
Shin-Etsu Chemical Co., Ltd.
信越化学工業㈱
667
157,500
673
157,500
M
KURIYAMA HOLDINGS CORPORATION
クリヤマホールディングス㈱
532
+1.1%
↑
401,731
347
397,386
M
HONDA MOTOR CO., LTD.
本田技研工業㈱
369
+231.7%
↑
274,806
291
82,842
DAIFUKU CO.,LTD.
㈱ダイフク
241
+3.0%
↑
66,270
157
64,314
Kyoto Financial Group, Inc.
㈱京都フィナンシャルグループ
229
NEW
New
100,648
—
M
Inaba Denki Sangyo Co., Ltd.
因幡電機産業㈱
220
58,000
168
58,000
M
KAWATA MFG. CO., LTD.
㈱カワタ
73
94,000
80
94,000
M
ZEON CORPORATION
日本ゼオン㈱
37
25,000
35
25,000
M
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
36
NEW
New
9,800
—
M
Mitsubishi HC Capital Inc.
三菱HCキャピタル㈱
20
20,000
14
20,000
DIC Corporation
DIC㈱
8
2,500
6
2,500
M
OKASAN SECURITIES GROUP INC.
㈱岡三証券グループ
7
10,000
5
10,000
M
第一生命ホールディングス㈱
6
+300.0%
↑
5,600
3
1,400
M
森六ホールディングス㈱
—
−100%
Exit
—
74
40,000
M
The Bank of Kyoto
㈱京都銀行
—
−100%
Exit
—
157
25,162
M
三井住友トラスト・ホールディングス㈱
—
−100%
Exit
—
22
4,900
M
Portfolio total
4,156
3,097
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding