4641
Altech Corporation
株式会社アルプス技研
Services
Altech Corporation provides total staffing services in Japan and internationally. The company offers staffing solutions, including assignment/contracting in technical/administrative fields; cultivating nursing care staff, assignment of nursing care staff, and introduction of nursing care facilities to residents; and education solutions, such as working professional training and technical training for new employees and mid-career employees. It also provides software development, designing/manufacturing, and engineering solutions; agriculture staffing services; development and sales of robots; home-visit care business; design, manufacturing, and installation of plant equipment and factory equipment; installation and electric wiring for transportation systems inside clean room factories; and staff and assignment introduction, total staffing service, and technical staffing solutions. The company is also involved in consulting services related to national and local government policies, social issues, as well as accommodation, banquets, and wedding businesses. The company serves machinery manufacturing companies, electricity and precision instruments, and information processing and communication businesses, as well as listed and blue-chip companies. Altech Corporation was founded in 1968 and is headquartered in Yokohama, Japan.
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥52.6B
¥49.9B
¥46.2B
¥43.6B
¥39.3B
Cost of Sales
¥40.5B
¥38.3B
¥35.3B
¥33.2B
¥30.3B
Gross Profit
¥12.1B
¥11.6B
¥11.0B
¥10.5B
¥8.9B
SG&A
¥6.7B
¥6.4B
¥6.0B
¥5.8B
¥5.1B
Operating Income
¥5.4B
¥5.2B
¥5.0B
¥4.6B
¥3.9B
Non-Operating Income
¥187M
¥181M
¥190M
¥266M
¥957M
Dividend Income
¥37M
¥31M
¥27M
¥30M
¥24M
Interest Income
¥22M
¥10M
¥10M
¥6M
¥4M
Non-Operating Expenses
¥41M
¥27M
¥119M
¥354M
¥258M
Interest Expense
¥3M
¥2M
¥1M
¥3M
¥5M
Ordinary Income
¥5.5B
¥5.3B
¥5.1B
¥4.6B
¥4.6B
Pre-tax Income
¥5.6B
¥5.3B
¥5.3B
¥4.7B
¥4.5B
Income Taxes
¥1.6B
¥1.7B
¥1.6B
¥1.3B
¥1.4B
Current Tax
¥1.6B
¥1.7B
¥1.5B
¥1.5B
¥1.4B
Deferred Tax
¥30M
¥-73M
¥85M
¥-214M
¥1M
Net Income (owners)
¥4.0B
¥3.7B
¥3.7B
¥3.4B
¥3.1B
Minority Interest
¥16M
¥11M
¥-7M
¥-12M
¥5M
Comprehensive Income
¥4.2B
¥3.7B
¥3.8B
¥3.4B
¥3.4B
EBITDA
¥5.6B
¥5.6B
¥5.3B
¥5.0B
¥4.2B
Goodwill Amort. (J-GAAP)
¥26M
¥235M
¥84M
¥101M
¥84M
EPS
¥202.72
¥185.03
¥185.16
¥169.47
¥151.00
Shares Outstanding
19.6M
19.9M
19.9M
20.1M
20.5M
Shares Issued (total)
20.7M
21.7M
21.7M
21.7M
24.7M
Treasury Shares
1.1M
1.9M
1.9M
1.6M
4.2M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥29.3B
¥28.1B
¥25.0B
¥24.3B
¥22.5B
Current Assets
¥22.8B
¥21.6B
¥19.3B
¥18.2B
¥16.3B
Cash & Deposits
¥14.1B
¥13.3B
¥11.4B
¥10.7B
¥10.0B
Trade Receivables
¥7.3B
¥7.1B
¥6.5B
¥6.6B
—
Non-Current Assets
¥6.5B
¥6.4B
¥5.8B
¥6.1B
¥6.2B
PP&E
¥3.9B
¥3.9B
¥3.2B
¥3.2B
¥3.3B
Goodwill
¥64M
¥90M
¥159M
¥243M
¥327M
Intangible Assets
¥195M
¥206M
¥284M
¥384M
¥473M
Investment Securities
¥1.2B
¥953M
¥1.0B
¥1.0B
¥1.1B
Deferred Tax Assets
¥753M
¥862M
¥778M
¥862M
¥617M
Total Liabilities
¥8.9B
¥9.3B
¥8.2B
¥8.5B
¥7.9B
Current Liabilities
¥8.5B
¥8.9B
¥7.8B
¥8.1B
¥7.4B
Accounts Payable
—
¥433M
¥356M
¥459M
¥310M
ST Debt
¥209M
¥210M
¥224M
¥274M
¥774M
Taxes Payable
¥788M
¥1.1B
¥760M
¥897M
¥657M
Non-Current Liabilities
¥404M
¥395M
¥321M
¥400M
¥468M
Total LT Borrowings
¥2M
¥11M
¥21M
¥45M
¥120M
Pension Obligations
¥144M
¥153M
¥161M
¥178M
¥192M
Deferred Tax Liab.
¥21M
—
—
¥4M
—
Total Equity
¥20.4B
¥18.7B
¥16.9B
¥15.7B
¥14.6B
Capital Stock
¥2.3B
¥2.3B
¥2.3B
¥2.3B
¥2.3B
Capital Surplus
¥2.8B
¥2.8B
¥2.8B
¥2.8B
¥3.1B
Retained Earnings
¥16.0B
¥15.5B
¥13.7B
¥12.0B
¥13.5B
Treasury Stock
¥-1.8B
¥-2.7B
¥-2.7B
¥-2.0B
¥-4.9B
AOCI
¥1.0B
¥781M
¥727M
¥570M
¥573M
Equity (owners)
¥19.4B
¥17.9B
¥16.1B
¥15.1B
¥14.0B
Minority Interests
¥62M
¥52M
¥45M
¥54M
¥33M
Total Interest-Bearing Debt ⓘ
¥211M
¥221M
¥245M
¥320M
¥894M
Net Cash ⓘ
¥13.9B
¥13.1B
¥11.2B
¥10.4B
¥9.1B
NCAV ⓘ
¥13.9B
¥12.3B
¥11.1B
¥9.6B
¥8.4B
NCAV/Share
¥709
¥619
¥559
¥477
¥410
BV/Share
¥987
¥901
¥810
¥750
¥684
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥3.4B
¥4.6B
¥3.2B
¥3.7B
¥3.2B
Interest Paid
¥-3M
¥-2M
¥-1M
¥-3M
¥-5M
Interest Received
¥59M
¥41M
¥37M
¥36M
¥28M
D&A
¥225M
¥210M
¥257M
¥200M
¥194M
Goodwill Amort.
¥26M
¥235M
¥84M
¥101M
¥84M
Investing CF
¥-243M
¥-366M
¥139M
¥-126M
¥-222M
CapEx
¥142M
¥206M
¥176M
¥57M
¥50M
Proceeds from Invest.
¥106M
¥215M
¥362M
—
—
Financing CF
¥-2.5B
¥-2.5B
¥-2.7B
¥-2.9B
¥-1.7B
Dividends Paid
¥-1.8B
¥-1.8B
¥-1.8B
¥-1.5B
¥-1.5B
Share Buybacks
¥-675M
¥-0M
¥-767M
¥-845M
¥-1M
LT Debt Repaid
¥-9M
¥-708M
¥-24M
¥-55M
¥-29M
Free Cash Flow
¥3.2B
¥4.4B
¥3.0B
¥3.6B
¥3.1B
Net Change in Cash
¥675M
¥1.8B
¥734M
¥711M
¥1.3B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
20.4%
20.7%
22.7%
22.6%
22.6%
ROA
13.9%
13.9%
15.0%
14.6%
13.7%
EPS
¥202.72
¥185.03
¥185.16
¥169.47
¥151.00
DPS
¥108.00
¥93.00
¥103.00
¥85.00
¥76.00
BPS
¥1,038.62
¥940.44
¥846.62
¥778.68
¥711.48
FCF/Share
¥165
¥220
¥153
¥179
¥152
NCAV/Share
¥709
¥619
¥559
¥477
¥410
Payout Ratio
53.3%
50.3%
55.6%
50.2%
50.3%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 7
Date Activist Stake Event Flag Demands Source
2025-07-23
FMR LLC
9.69%
+0.22%
change
Passive
—
2025-07-07
FMR LLC
9.47%
+0.06%
change
Passive
—
2025-06-20
FMR LLC
9.41%
+1.04%
change
Passive
—
2025-03-07
FMR LLC
8.37%
+1.88%
change
Passive
—
2024-07-22
FMR LLC
6.49%
-0.02%
change
Passive
—
2024-07-05
FMR LLC
6.51%
+0.39%
change
Passive
—
2024-03-25
FMR LLC
6.12%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 10
#
Shareholder
Shares (thou.)
% of Total
1
Employee Stock Ownership Plan
アルプス技研従業員持株会
2,110
10.75%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行 株式会社(その他信託口)
1,362
6.94%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行 株式会社(投資信託口)
937
4.77%
4
公益財団法人とかち財団
748
3.81%
5
BBH FOR FIDELITY LOW-PRICED STOCK FUND (常任代理人 株式会社三菱UFJ銀行)
616
3.14%
6
The Bank of Yokohama
株式会社横浜銀行(常任代理人 株式会社日本カストディ銀行)
580
2.96%
7
The Toho Bank, Ltd.
株式会社東邦銀行(常任代理人 日本マスタートラスト信託銀行株式会社)
471
2.40%
8
Nomura Trust & Banking
野村信託銀行株式会社(投信口)
437
2.22%
9
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(投資信託口)
397
2.02%
10
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505044(常任代理人 株式会社みずほ銀行決済営業部)
328
1.67%
Domestic Nominees
13.7%
-3.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
1.7%
+0.1% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
25.3%
+0.1% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
12.60%
12.76%
11.71%
-1.05%
Employee Stock Ownership Plan
アルプス技研従業員持株会
9.42%
10.16%
10.75%
+0.59%
公益財団法人とかち財団
3.76%
3.76%
3.81%
+0.05%
Fidelity
↑
1.67%
1.73%
3.14%
+1.41%
The Bank of Yokohama
式会社横浜銀行
2.92%
2.92%
2.96%
+0.04%
The Toho Bank, Ltd.
式会社東邦銀行
2.96%
2.96%
2.40%
-0.56%
Nomura Trust & Banking
野村信託銀行株式会社(投信口)
1.93%
2.13%
2.22%
+0.09%
Japan Custody Bank
日本カストディ銀行
3.98%
3.98%
2.02%
-1.96%
State Street
1.61%
1.52%
1.67%
+0.15%
式会社八十二銀行
last seen 2024
Exited Top 10
1.53%
1.53%
—
Concentration (HHI)
ⓘ
306
325
303
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥1,107M
+53% since 2023
Holdings
10
+3 new
4 exited
Trend
Stable
vs 2023
Held Company
FY2025
¥1,107M total
FY2023
¥724M total
Book Val ¥M
Shares
Book Val ¥M
Shares
NOK CORPORATION
NOK㈱ (注)1
292
NEW
New
104,100
—
㈱フォーカス システムズ
256
140,800
140
140,800
M
The Toho Bank, Ltd.
㈱東邦銀行
196
363,000
104
363,000
M
㈱八十二銀行
127
75,000
59
75,000
M
㈱横浜 フィナンシャル・ グループ
82
NEW
New
63,500
—
M
Tobu Network Co., Ltd.
東部ネットワーク㈱
70
58,300
60
58,300
M
㈱三菱UFJ フィナンシャル・ グループ
60
23,930
29
23,930
M
YAMAX Corp.
㈱ヤマックス
15
8,000
9
8,000
M
YAMADA SERVICER SYNTHETIC OFFICE
㈱山田再生系債権回収総合事務所
8
NEW
New
10,000
—
M
イハラサイエンス㈱
—
—
I-NET CORP.
㈱アイネット
—
−100%
Exit
—
77
41,800
M
NOK㈱ ※1
—
−100%
Exit
—
196
104,100
㈱コンコルディア・フィナンシャル グループ
—
−100%
Exit
—
41
63,500
M
㈱山田債権回収管理総合事務所
—
−100%
Exit
—
10
10,000
M
Portfolio total
1,107
724
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding