5445
TOKYO TEKKO CO., LTD.
東京鐵鋼株式会社
Basic Materials · Steel
Tokyo Tekko Co., Ltd. engages in the manufacture and sale of steel and reinforcing bars in Japan. It offers steel bars for concrete reinforcement, including high-tensile threaded and deformed rebars; mechanical joints, such as threaded rebar and mortar-grouted joints; mechanical anchorages, including mechanical anchorage for threaded rebars and shear reinforcement; rebar processing products; SMART-BASE and SCREW-BASE method products; and EPOXY rebar and joint products. The company was incorporated in 1939 and is headquartered in Tokyo, Japan.
Price
¥1,858
Market Cap
¥16.2B
Ent. Value
¥13.6B
Net Cash
¥2.6B
Shares Out.
8.7M
P / E
5.9×
EV / EBIT
1.1×
P / Book
0.74×
P / NCAV
0.82×
Div. Yield
5.38%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥72.5B | ¥82.6B | ¥79.6B | ¥79.2B | ¥66.1B |
| Cost of Sales | ¥52.1B | ¥59.2B | ¥61.2B | ¥67.2B | ¥59.0B |
| Gross Profit | ¥20.5B | ¥23.4B | ¥18.4B | ¥12.0B | ¥7.0B |
| SG&A | ¥8.4B | ¥8.7B | ¥7.7B | ¥7.7B | ¥7.2B |
| Operating Income | ¥12.0B | ¥14.7B | ¥10.6B | ¥4.4B | ¥-192M |
| Non-Operating Income | ¥304M | ¥571M | ¥887M | ¥729M | ¥320M |
| Dividend Income | — | ¥136M | ¥146M | ¥80M | ¥71M |
| Interest Income | — | ¥11M | ¥0M | ¥0M | ¥0M |
| Non-Operating Expenses | — | ¥188M | ¥98M | ¥140M | ¥772M |
| Interest Expense | — | ¥83M | ¥86M | ¥92M | ¥52M |
| Ordinary Income | ¥12.0B | ¥15.1B | ¥11.4B | ¥4.9B | ¥-644M |
| Pre-tax Income | ¥11.8B | ¥15.2B | ¥11.3B | ¥5.2B | ¥-5.2B |
| Income Taxes | ¥3.7B | ¥4.4B | ¥3.5B | ¥1.6B | ¥-520M |
| Current Tax | — | ¥4.4B | ¥3.5B | ¥1.1B | ¥342M |
| Deferred Tax | — | ¥33M | ¥-11M | ¥498M | ¥-926M |
| Net Income (owners) | ¥8.1B | ¥10.9B | ¥7.9B | ¥3.7B | ¥-4.7B |
| Minority Interest | — | ¥-17M | ¥-20M | ¥-5M | ¥4M |
| Comprehensive Income | — | ¥10.4B | ¥8.8B | ¥3.9B | ¥-4.6B |
| EBITDA | ¥14.5B | ¥16.9B | ¥12.7B | ¥6.4B | ¥2.3B |
| EPS | ¥315.59 | ¥1,238.77 | ¥884.90 | ¥405.28 | ¥-518.08 |
| Shares Outstanding | — | 8.7M | 8.9M | 9.0M | 9.0M |
| Shares Issued (total) | — | 9.4M | 9.4M | 9.4M | 9.4M |
| Treasury Shares | — | 0.7M | 0.5M | 0.3M | 0.3M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥80.4B | ¥81.2B | ¥77.9B | ¥69.8B | ¥63.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥36.8B | ¥40.6B | ¥40.7B | ¥36.4B | ¥31.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥7.2B | ¥14.2B | ¥16.4B | ¥11.9B | ¥7.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | — | ¥7.8B | ¥9.1B | ¥8.0B | ¥7.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥43.7B | ¥40.7B | ¥37.2B | ¥33.4B | ¥31.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥33.0B | ¥30.2B | ¥26.7B | ¥24.4B | ¥22.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥136M | ¥142M | ¥158M | ¥166M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥8.7B | ¥8.4B | ¥9.0B | ¥7.1B | ¥6.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥355M | ¥226M | ¥617M | ¥1.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥17.0B | ¥21.5B | ¥24.7B | ¥23.6B | ¥20.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥10.9B | ¥15.6B | ¥17.0B | ¥15.3B | ¥14.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | — | ¥4.0B | ¥5.7B | ¥6.4B | ¥7.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥1.2B | ¥1.8B | ¥907M | ¥1.4B | ¥3.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥2.9B | ¥2.8B | ¥986M | ¥215M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥6.1B | ¥5.9B | ¥7.8B | ¥8.4B | ¥6.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥3.4B | ¥3.2B | ¥5.0B | ¥5.6B | ¥3.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥1.9B | ¥2.0B | ¥1.9B | ¥1.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥63.4B | ¥59.7B | ¥53.2B | ¥46.1B | ¥42.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥5.8B | ¥5.8B | ¥5.8B | ¥5.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥1.9B | ¥1.9B | ¥1.9B | ¥1.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥52.6B | ¥51.2B | ¥43.2B | ¥36.7B | ¥33.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-2.1B | ¥-1.1B | ¥-561M | ¥-560M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥2.8B | ¥3.3B | ¥2.3B | ¥2.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥60.2B | ¥56.9B | ¥49.8B | ¥43.8B | ¥40.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥31M | ¥48M | ¥59M | ¥65M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥4.6B | ¥5.0B | ¥5.9B | ¥7.0B | ¥7.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥2.6B | ¥9.2B | ¥10.5B | ¥4.8B | ¥-75M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥19.8B | ¥19.1B | ¥16.0B | ¥12.8B | ¥11.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥2,190 | ¥1,800 | ¥1,416 | ¥1,214 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥6,538 | ¥5,618 | ¥4,850 | ¥4,464 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥5.2B | ¥8.2B | ¥12.1B | ¥6.9B | ¥-5.1B |
| Interest Paid | — | ¥-87M | ¥-85M | ¥-93M | ¥-54M |
| Interest Received | — | ¥182M | ¥176M | ¥81M | ¥88M |
| D&A | ¥2.5B | ¥2.2B | ¥2.1B | ¥2.0B | ¥2.5B |
| Investing CF | ¥-7.0B | ¥-5.6B | ¥-4.6B | ¥-1.6B | ¥-3.4B |
| CapEx | ¥7.0B | ¥6.0B | ¥4.5B | ¥1.8B | ¥3.3B |
| Proceeds from Invest. | — | ¥408M | — | — | — |
| Financing CF | ¥-5.2B | ¥-4.8B | ¥-3.1B | ¥-756M | ¥4.5B |
| Dividends Paid | — | ¥-2.8B | ¥-1.3B | ¥-181M | ¥-555M |
| Share Buybacks | — | ¥-1.0B | ¥-502M | ¥0M | ¥-477M |
| LT Debt Repaid | — | ¥-907M | ¥-1.4B | ¥-715M | ¥-415M |
| Free Cash Flow | ¥-1.8B | ¥2.2B | ¥7.6B | ¥5.1B | ¥-8.4B |
| Net Change in Cash | — | ¥-2.2B | ¥4.5B | ¥4.5B | ¥-4.0B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 13.1% | 19.2% | 15.9% | 8.3% | -10.5% |
| ROA | 10.0% | 13.6% | 10.7% | 5.5% | -7.5% |
| EPS | ¥315.59 | ¥1,238.77 | ¥884.90 | ¥405.28 | ¥-518.08 |
| DPS | ¥100.00 | ¥375.00 | ¥270.00 | ¥110.00 | ¥20.00 |
| BPS | ¥2,506.34 | ¥6,864.56 | ¥5,991.51 | ¥5,106.76 | ¥4,691.97 |
| FCF/Share | — | ¥253 | ¥856 | ¥564 | ¥-928 |
| NCAV/Share | — | ¥2,190 | ¥1,800 | ¥1,416 | ¥1,214 |
| Payout Ratio | 31.7% | 30.3% | 30.5% | 27.1% | — |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 24
Capital Allocation Signals 2
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-07
13:30
|
Buyback | ¥500M 1.4% | Tokyo Steel (Code 5445, TSE Prime) board resolved on 2026-05-07 to repurchase up to 350,000 shares (1.38% of outstanding… | |
|
Summary
Tokyo Steel (Code 5445, TSE Prime) board resolved on 2026-05-07 to repurchase up to 350,000 shares (1.38% of outstanding) for a maximum of ¥500 million through June 30, 2026. The buyback aims to enhance shareholder returns and improve capital efficiency in response to changing business conditions.
Deadline: 2026-06-30
% of Shares: 1.4%
Shares: 350,000
Source (JP)
株主還元の充実ならびに資本効率の向上を目的として、経営環境の変化に対応した機動的な資本政策の遂行のため。取得する株式の総数 35万株（上限）、株式の取得価額の総額 5億円（上限）、取得する期間 2026年５月11日～2026年６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 （会社法第165条第2項の規定による定款の定めに基づく自己株式の取得）
TDnet PDF
|
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|
2026-05-07
13:30
|
Capital Policy | — | Tokyo Steel (5445) announced a revised shareholder return policy effective FY2026, upgrading its consolidated payout rat… | |
|
Summary
Tokyo Steel (5445) announced a revised shareholder return policy effective FY2026, upgrading its consolidated payout ratio target from 30%+ to 35-40%. The company commits to stable dividend continuation with interim and year-end dividends, while also implementing opportunistic share buybacks to enhance capital efficiency and corporate value.
Source (JP)
配当性向 30％以上」から「配当性向 35％～40％を目指す」に見直しいたしました。安定的な配当の継続実施、連結配当性向 35％～40％を目指す。自社株式取得を機動的に実施
株主還元方針に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
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)
|
1,097 | 12.61% |
| 2 |
Godo Steel,Ltd.
合同製鐵株式会社
|
460 | 5.29% |
| 3 |
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
|
436 | 5.02% |
| 4 |
Japan Custody Bank
株式会社日本カストディ銀行（信託口）
|
254 | 2.92% |
| 5 | 朝日工業株式会社 | 186 | 2.14% |
| 6 |
State Street Bank and Trust Company
STATE STREET BANK ANDTRUST COMPANY 505223（常任代理人 株式会社みずほ銀行）
|
128 | 1.48% |
| 7 |
Employee Stock Ownership Plan
東京鐵鋼従業員持株会
|
128 | 1.48% |
| 8 |
NIPPON SANSO HOLDINGS CORPORATION
日本酸素ホールディングス株式会社
|
99 | 1.15% |
| 9 |
Sumitomo Mitsui Trust Bank
三井住友信託銀行株式会社
|
93 | 1.08% |
| 10 |
SMBC Nikko Securities
ＳＭＢＣ日興証券株式会社
|
93 | 1.07% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
16.6%
+3.6% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
1.5%
+1.5% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
16.1%
-5.0% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 34.2% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 10.69% | 8.95% | 12.61% +3.66% | |
| Godo Steel,Ltd. 同製鐵 | 5.09% | 5.19% | 5.29% +0.10% | |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 4.98% | 5.07% | 5.02% -0.05% | |
| Japan Custody Bank 日本カストディ銀行 | 1.60% | 3.01% | 2.92% -0.09% | |
| 朝日工業 | 2.06% | 2.10% | 2.14% +0.04% | |
| Employee Stock Ownership Plan 東京鐵鋼従業員持株会 | 1.96% | 1.52% | 1.48% -0.04% | |
| State Street NEW ENTRY | — | — | — | 1.48% NEW |
| NIPPON SANSO HOLDINGS CORPORATION 日本酸素ホールディングス | — | 1.13% | 1.15% +0.02% | |
| Sumitomo Mitsui Trust Bank 三井住友信託銀行 | — | 1.06% | 1.08% +0.02% | |
| SMBC Nikko Securities ＳＭＢＣ日興証券 | — | 1.67% | 1.07% -0.60% | |
| Fidelity last seen 2024 | Exited Top 10 | 9.37% | 4.46% | — |
| DFA INTL SMALL CAP VALLUE PORTFOLIO last seen 2023 | Exited Top 10 | 1.41% | — | — |
| 式会社MI2 last seen 2023 | Exited Top 10 | 2.36% | — | — |
| Concentration (HHI) ⓘ | 271 | 174 | 233 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥3,732M
+17% since 2023
Holdings
13
7 exited
Trend
3 building
vs 2023
| Held Company | FY2025 ¥3,732M total | FY2023 ¥3,202M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
NIPPON SANSO HOLDINGS CORPORATION
日本酸素ホールディングス 株式会社
|
1,178 |
261,000
|
621 | 261,000 | M |
|
Godo Steel,Ltd.
合同製鐵株式会社
|
1,038 |
268,800
|
912 | 268,800 | M |
|
TRE HOLDINGS CORPORATION
ＴＲＥホールディングス 株式会社
|
831 |
513,800
|
734 | 513,800 | |
|
TOKAI CARBON CO., LTD.
東海カーボン株式会社
|
139 |
147,000
|
185 | 147,000 | M |
| 株式会社三井住友 フィナンシャルグループ | 93 |
+107.3%
↑
24,598
|
62 | 11,866 | |
|
Nippon Carbon Co. , Ltd.
日本カーボン株式会社
|
88 |
21,300
|
87 | 21,300 | M |
|
NIRECO CORPORATION
株式会社ニレコ
|
87 |
51,500
|
52 | 51,500 | M |
| 株式会社大紀アルミニウム 工業所 | 73 |
74,000
|
105 | 74,000 | M |
|
THE TOCHIGI BANK, LTD.
株式会社栃木銀行
|
54 |
133,000
|
36 | 133,000 | M |
|
Narasaki Sangyo Corporation
ナラサキ産業株式会社
|
48 |
16,800
|
31 | 16,800 | M |
|
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株式会社めぶきフィナンシャルグループ
|
45 |
62,162
|
20 | 62,162 | |
| 第一生命ホールディングス 株式会社 | 43 |
+300.0%
↑
38,400
|
23 | 9,600 | |
|
toho acetylene co.,ltd.
東邦アセチレン株式会社
|
15 |
+400.0%
↑
43,000
|
11 | 8,600 | M |
|
Nippon Gas Co.
日本瓦斯株式会社
|
— |
−100%
Exit
—
|
110 | 57,600 | |
|
DKK Co.,Ltd.
電気興業株式会社
|
— |
−100%
Exit
—
|
83 | 37,400 | M |
| 株式会社コンコルディア・フィナンシャルグループ | — |
−100%
Exit
—
|
31 | 64,920 | |
|
NIPPON PAINT HOLDINGS CO.,LTD.
日本ペイントホールディングス株式会社
|
— |
−100%
Exit
—
|
49 | 40,000 | |
| 株式会社八十二銀行 | — |
−100%
Exit
—
|
17 | 30,000 | |
|
Resonac Holdings Corporation
株式会社レゾナック・ホールディングス
|
— |
−100%
Exit
—
|
17 | 8,100 | |
|
Neturen Co., Ltd.
高周波熱錬株式会社
|
— |
−100%
Exit
—
|
16 | 23,100 | M |
| Portfolio total | 3,732 | 3,202 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding