5195
Bando Chemical Industries, Ltd.
バンドー化学株式会社
Rubber Products
Bando Chemical Industries, Ltd., together with its subsidiaries, manufactures and sale of automotive parts, industrial materials and high-performance elastomer products in Japan, China, Asia, Europe, America, and internationally. The company operates through three segments: Automotive Parts Business, Industrial Products Business, and High-performance elastomer products business. It offers automotive power transmission belt products, such as accessory drive power transmission belts, system products, variable speed belts for scooters, etc. The company also provides industrial power transmission belt products, such as industrial machinery V-belts, toothed belts, pulleys, etc.; other power transmission products; conveyor belts comprising resin and synchronous conveyor belts; conveyor system products; and massage rolls. In addition, it offers cleaning blades, rollers, precision belts, polyurethane functional parts, precision polishing materials, films for construction materials, medical films, decorative display films, industrial films, and other products. In addition, it offers offers belt and belt-related products for agricultural machinery; and light-duty conveyor belts; scraping sealing products; tension gauge sensor; automotive resin products; PVC films and sheets; optical clear adhesive sheets and optical self-healing sheet; cleaning system and inspection tools; abrasive pads; thermal conductive sheets and silver paste for sintering; rice hulling and developer rollers; and rubber dams. Further, the company provides robotics-related devices, electronics products, medical and health-care equipment, and other products. Bando Chemical Industries, Ltd. was founded in 1906 and is headquartered in Kobe, Japan.
Price
¥2,242
Market Cap
¥94.2B
Ent. Value
¥83.6B
Net Cash
¥10.6B
Shares Out.
42.0M
P / E
63.5×
EV / EBIT
24.0×
P / Book
—
P / NCAV
3.74×
Div. Yield
3.39%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥115.6B | ¥108.3B | ¥103.6B | ¥93.7B |
| Cost of Sales | ¥82.8B | ¥77.2B | ¥74.2B | ¥66.1B |
| Gross Profit | ¥32.8B | ¥31.0B | ¥29.4B | ¥27.7B |
| SG&A | ¥25.0B | ¥23.4B | ¥22.7B | ¥21.8B |
| Operating Income | ¥3.5B | ¥7.8B | ¥8.3B | ¥2.7B |
| Non-Operating Income | ¥582M | ¥1.3B | ¥655M | ¥878M |
| Non-Operating Expenses | ¥590M | ¥363M | ¥373M | ¥130M |
| Pre-tax Income | ¥3.5B | ¥8.7B | ¥8.5B | ¥3.4B |
| Net Income (owners) | ¥1.5B | ¥6.2B | ¥5.7B | ¥1.2B |
| Minority Interest | ¥44M | ¥37M | ¥39M | ¥5M |
| Comprehensive Income | ¥2.3B | ¥11.3B | ¥8.8B | ¥4.3B |
| EBITDA | ¥9.3B | ¥13.6B | ¥14.2B | ¥8.6B |
| EPS | ¥35.32 | ¥142.55 | ¥129.96 | ¥26.92 |
| Shares Outstanding | 42.0M | 43.1M | 43.6M | 44.6M |
| Shares Issued (total) | 44.2M | 44.2M | 47.2M | 47.2M |
| Treasury Shares | 2.2M | 1.1M | 3.6M | 2.6M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥120.7B | ¥125.6B | ¥119.0B | ¥116.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥63.4B | ¥63.6B | ¥60.5B | ¥59.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥17.7B | ¥17.9B | ¥16.8B | ¥18.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥57.3B | ¥62.1B | ¥58.5B | ¥57.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥30.5B | ¥32.5B | ¥32.5B | ¥33.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥1.2B | ¥4.6B | ¥4.6B | ¥4.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥2.7B | ¥3.2B | ¥3.6B | ¥3.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥647M | ¥727M | ¥814M | ¥755M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥38.2B | ¥40.1B | ¥41.0B | ¥44.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥31.3B | ¥32.5B | ¥32.2B | ¥28.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥5.3B | ¥5.3B | ¥8.0B | ¥3.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥6.9B | ¥7.7B | ¥8.8B | ¥15.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥1.8B | ¥2.2B | ¥3.6B | ¥10.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥1.9B | ¥1.9B | ¥1.6B | ¥1.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥82.5B | ¥85.5B | ¥78.0B | ¥72.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥2.9B | ¥2.9B | ¥3.1B | ¥3.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥59.4B | ¥61.0B | ¥60.4B | ¥56.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-3.7B | ¥-1.7B | ¥-3.6B | ¥-2.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥12.5B | ¥11.9B | ¥6.8B | ¥4.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥82.1B | ¥85.2B | ¥77.7B | ¥72.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥369M | ¥347M | ¥356M | ¥295M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥7.1B | ¥7.6B | ¥11.6B | ¥13.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥10.6B | ¥10.3B | ¥5.2B | ¥5.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥25.2B | ¥23.4B | ¥19.5B | ¥15.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥600 | ¥543 | ¥447 | ¥342 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥1,954 | ¥1,974 | ¥1,781 | ¥1,616 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥10.8B | ¥14.1B | ¥7.7B | ¥9.6B |
| D&A | ¥5.8B | ¥5.9B | ¥5.9B | ¥5.9B |
| Investing CF | ¥-4.2B | ¥-4.7B | ¥-4.0B | ¥-534M |
| CapEx | ¥4.3B | ¥4.1B | ¥3.5B | ¥3.5B |
| Financing CF | ¥-6.9B | ¥-9.0B | ¥-6.4B | ¥-9.9B |
| Free Cash Flow | ¥6.5B | ¥9.9B | ¥4.2B | ¥6.1B |
| Net Change in Cash | ¥-219M | ¥1.2B | ¥-2.1B | ¥-26M |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 4
Capital Allocation Signals 2
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-14
14:00
|
Buyback | ¥2.0B 3.2% | Bando Chemical (5195, TSE Prime) board authorized a share buyback program on May 14, 2026 to acquire up to 1.30 million … | |
|
Summary
Bando Chemical (5195, TSE Prime) board authorized a share buyback program on May 14, 2026 to acquire up to 1.30 million shares (3.17% of outstanding) for up to ¥2.0 billion through April 30, 2027. The buyback is part of dynamic capital allocation and shareholder return strategy in response to changing business environment.
Deadline: 2027-04-30
% of Shares: 3.2%
Shares: 1,300,000
Source (JP)
経営環境の変化に対応した機動的な資本政策の遂行および株主還元策の一環として、自己株式の取得を実施するものであります。取得する株式の総数 130万株（上限）、株式の取得価額の総額 20億円（上限）、取得期間 2026年5月15日～2027年4月30日
自己株式取得に係る事項の決定に関するお知らせ
TDnet PDF
|
||||
|
2026-05-14
14:00
|
Div Increase | ¥80.0/sh +105% | Bando Chemical announced an increase in FY2026 March period-end dividend to ¥80 per share (¥60 ordinary + ¥20 commemorat… | |
|
Summary
Bando Chemical announced an increase in FY2026 March period-end dividend to ¥80 per share (¥60 ordinary + ¥20 commemorative), up ¥20 from the prior guidance of ¥60, resulting in total annual dividend of ¥120 per share. The increase reflects stronger-than-expected FY2026 results driven by favorable forex translation (yen weakness), expanded sales in automotive and Industries, materials segments, and recognition of ¥1,228 million in deferred tax assets. Total dividend payout of ¥3,284 million represents ~50% consolidated payout ratio in line with the company's shareholder return policy.
Deadline: 2026-06-24
YoY: +105%
Source (JP)
当期の１株当たり期末配当金につきましては、当該基本方針および当社の業績等を総合的に勘案し、直近の配当予想から普通配当を20円増配し80円（普通配当60円、記念配当20円）といたします。
繰延税金資産の計上、連結業績予想と実績値との差異および剰余金の配当に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 | バンドー共栄会 | 4,814 | 11.43% |
| 2 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社（信託口）
|
4,195 | 9.96% |
| 3 |
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
|
2,132 | 5.06% |
| 4 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社
|
2,000 | 4.75% |
| 5 |
Mizuho Bank
株式会社みずほ銀行
|
1,800 | 4.27% |
| 6 |
MUFG Bank
株式会社三菱ＵＦＪ銀行
|
1,575 | 3.74% |
| 7 |
Mitsubishi UFJ Trust and Banking
三菱ＵＦＪ信託銀行株式会社
|
1,401 | 3.33% |
| 8 |
Nippon Life Insurance
日本生命保険相互会社
|
1,174 | 2.79% |
| 9 |
Japan Custody Bank
株式会社日本カストディ銀行（信託口）
|
1,056 | 2.51% |
| 10 | あいおいニッセイ同和損害保険株式会社 | 741 | 1.76% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
12.5%
+0.7% 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
37.1%
+0.8% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 49.6% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| バンドー共栄会 | 10.29% | 10.78% | 11.43% +0.65% | |
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 10.06% | 9.26% | 9.96% +0.70% | |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 5.11% | 5.05% | 5.06% +0.01% | |
| Meiji Yasuda Life Insurance 明治安田生命保険 | 4.57% | 4.63% | 4.75% +0.12% | |
| Mizuho Bank みずほ銀行 | 4.11% | 4.16% | 4.27% +0.11% | |
| MUFG Bank 式会社三菱ＵＦＪ銀行 | 3.60% | 3.64% | 3.74% +0.10% | |
| Mitsubishi UFJ Trust and Banking 三菱ＵＦＪ信託銀行 | 3.20% | 3.24% | 3.33% +0.09% | |
| Nippon Life Insurance 日本生命保険 | 2.68% | 2.72% | 2.79% +0.07% | |
| Japan Custody Bank 日本カストディ銀行 | 3.20% | 2.54% | 2.51% -0.03% | |
| あいおいニッセイ同和損害保険 NEW ENTRY | — | — | — | 1.76% NEW |
| Tokio Marine & Nichido Fire Insurance Co., Ltd. 東京海上日動火災保険 last seen 2024 | Exited Top 10 | 2.10% | 2.13% | — |
| Concentration (HHI) ⓘ | 316 | 308 | 339 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥8,534M
+91% since 2023
Holdings
18
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥8,534M total | FY2023 ¥4,475M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Mitsubishi UFJ Financial Group, Inc.
株式会社三菱ＵＦＪフィナンシャル・グループ
|
4,482 |
2,228,900
|
1,889 | 2,228,900 | M |
|
Sumitomo Mitsui Financial Group, Inc.
株式会社三井住友フィナンシャルグループ
|
1,429 |
+200.0%
↑
376,695
|
665 | 125,565 | M |
|
MS&AD Insurance Group Holdings, Inc.
ＭＳ＆ＡＤインシュアランスグループホールディングス株式会社
|
708 |
+200.0%
↑
219,543
|
300 | 73,181 | M |
|
Makita Corporation
株式会社マキタ
|
581 |
118,000
|
387 | 118,000 | M |
|
Mizuho Financial Group, Inc.
株式会社みずほフィナンシャルグループ
|
405 |
100,100
|
187 | 100,100 | M |
|
OILES CORPORATION
オイレス工業株式会社
|
240 |
-50.0%
↓
106,450
|
357 | 212,750 | M |
|
KANEMITSU CORPORATION
株式会社カネミツ
|
118 |
141,220
|
108 | 141,220 | M |
|
TOSOH CORPORATION
東ソー株式会社
|
113 |
55,500
|
99 | 55,500 | M |
|
IWATSUKA CONFECTIONERY CO.,LTD.
岩塚製菓株式会社
|
93 |
33,000
|
155 | 33,000 | M |
|
ISEKI&CO.,LTD.
井関農機株式会社
|
83 |
77,200
|
91 | 77,200 | M |
|
Central Japan Railway Company
東海旅客鉄道株式会社
|
71 |
+400.0%
↑
25,000
|
79 | 5,000 | |
|
NOZAWA CORPORATION
株式会社ノザワ
|
60 |
72,000
|
49 | 72,000 | M |
|
Nittetsu Mining CO.,Ltd.
日鉄鉱業株式会社
|
59 |
9,000
|
32 | 9,000 | M |
|
SAKURA KCS Corporation
株式会社さくらケーシーエス
|
34 |
30,000
|
23 | 30,000 | M |
|
ZEON CORPORATION
日本ゼオン株式会社
|
29 |
20,000
|
27 | 20,000 | M |
|
West Japan Railway Company
西日本旅客鉄道株式会社
|
29 |
+100.0%
↑
10,000
|
27 | 5,000 | |
| 凸版印刷株式会社 | — | — | |||
|
SUBARU CORPORATION
株式会社ＳＵＢＡＲＵ
|
— | — | |||
| Portfolio total | 8,534 | 4,475 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding