HIRAKAWA HEWTECH CORP.

5821 平河ヒューテック株式会社

Industrials · Conglomerates · Prime

PRICE: ¥3,610 · MKT CAP: ¥50.7B · P/E: 34.1x · P/B: 1.32x · DIV YIELD: 1.2%

PRICE — 5Y

Characteristics & Business Summary

Hirakawa Hewtech Corp. manufactures and sells cable and assemblies, electric and electronic equipment, and medical equipment and parts in Japan and internationally. The company offers semi-flexible coaxial cords and semi-rigid coaxial cords for internal...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Net Sales	22,954	27,803	32,224	29,326	30,802	38,423	43,000
Operating Profit	1,695	1,956	3,103	1,667	2,267	4,416	4,500
Ordinary Profit	1,898	2,029	3,501	2,081	2,557	4,639	—
Net Profit	1,082	1,503	2,955	1,444	2,026	1,642	3,400
EPS	¥77	¥107	¥210	¥103	¥144	¥117	—
DPS	¥25	¥27	¥36	¥36	¥45	¥23	—

Balance Sheet & Valuation Highlights

Total Assets ¥57B

Net Assets (Equity) ¥44B

Equity Ratio 74.8%

ROE (Return on Equity) 5.0%

Cash & Equivalents ¥18B

Interest-Bearing Debt ¥5B

Capital Expenditure (CapEx) ¥2B

Depreciation & Amort. ¥2B

Major Shareholders

1. Japan Master Trust Bank 13.1%
2. NORTHERN TRUST CO. （AVFC） RE IEDP AIF CLIENTS NON TREATY ACCOUNT 4.8%
3. Sumitomo Mitsui Banking Corporation 4.3%
4. Mizuho Bank 4.3%
5. Employee Stock Ownership Plan 4.2%
6. 隅田和夫 3.7%
7. Custody Bank of Japan, Ltd. (Trust Account) 3.7%
8. 隅田文子 2.4%
9. 隅田浩一郎 1.7%
10. 隅田晶子 1.6%

Activist Activity

Axium Capital Pte. Ltd. 8.65%

2026-06-05 · increase

Axium Capital Pte. Ltd. 8.16%

2026-05-22 · increase

Axium Capital Pte. Ltd. 8.03%

2026-04-07 · change

Axium Capital Pte. Ltd. 5.92%

2026-01-09 · change

Axium Capital Pte. Ltd. 5.52%

2025-10-22 · initial_5pct

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues per share	¥1,634	¥1,979	¥2,294	¥2,088	¥2,193	¥2,735	—
FCF/Share	¥-81	¥-8	¥-19	¥222	¥162	¥142	—
EPS	¥77	¥107	¥210	¥103	¥144	¥117	—
DPS	¥25	¥27	¥36	¥36	¥45	¥23	—
Capital Spending per share	¥175	¥77	¥133	¥77	¥114	¥117	—
Book Value per share	¥1,822	¥1,903	¥2,086	¥2,145	¥2,249	¥2,325	—
Common Shares Outstanding	14M	14M	14M	14M	14M	—	—

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues (Net Sales)	¥23B	¥28B	¥32B	¥29B	¥31B	¥38B	¥43B
Operating Margin (%)	7.4%	7.0%	9.6%	5.7%	7.4%	11.5%	10.5%
Net Profit (owners)	¥1B	¥2B	¥3B	¥1B	¥2B	¥2B	¥3B
Net Profit Margin (%)	4.7%	5.4%	9.2%	4.9%	6.6%	4.3%	7.9%
Working Capital	¥12B	¥14B	¥18B	¥20B	¥22B	¥26B	—
Total Debt (Interest-bearing)	¥4B	¥4B	¥3B	¥3B	¥3B	¥5B	—
Net Worth (Common Equity)	¥26B	¥27B	¥29B	¥30B	¥32B	¥33B	—
Return on Total Assets (ROA)	2.9%	3.6%	6.7%	3.1%	4.3%	2.9%	—
Return on Common Equity (ROE)	4.2%	5.6%	10.1%	4.8%	6.4%	5.0%	—

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.