CORONA CORPORATION

5909 株式会社コロナ

Furnishings, Fixtures & Appliances · Standard · TSE: Disclosed

PRICE: ¥929 · MKT CAP: ¥27.1B · P/E: 27.4x · P/B: 0.35x · DIV YIELD: 3.0%

PRICE — 5Y

Characteristics & Business Summary

Corona Corporation manufactures and sells kerosene heating appliances in Japan. It offers kerosene fan and portable kerosene heaters, as well as household electrical appliances, such as dehumidifiers. The company was founded in 1937 and is headquartered in...

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	82,169	78,648	85,335	82,046	85,214	85,338	40,600
Operating Profit	963	850	1,901	1,355	1,343	852	-500
Ordinary Profit	1,283	1,195	2,289	1,767	1,704	1,316	—
Net Profit	626	939	1,482	1,306	1,103	991	-300
EPS	¥22	¥32	¥51	¥45	¥38	¥34	—
DPS	¥28	¥28	¥28	¥28	¥28	¥14	—

Balance Sheet & Valuation Highlights

Total Assets ¥100B

Net Assets (Equity) ¥78B

Equity Ratio 77.6%

ROE (Return on Equity) 1.3%

Cash & Equivalents ¥10B

Interest-Bearing Debt —

Capital Expenditure (CapEx) ¥2B

Depreciation & Amort. ¥2B

Major Shareholders

1. 株式会社コロナ興産 37.9%
2. 公益財団法人内田エネルギー科学振興財団 8.1%
3. 株式会社第四北越銀行 4.5%
4. The Master Trust Bank of Japan, Ltd. (Trust Account) 4.5%
5. コロナ社員持株会 3.5%
6. State Street Bank and Trust Company 1.5%
7. 外山産業株式会社 1.2%
8. 内田力 1.1%
9. ダイヤモンドエレクトリックホールディングス株式会社 0.9%
10. Custody Bank of Japan, Ltd. (Trust Account) 0.9%

Activist Activity

No large shareholder activist campaigns detected.

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	¥2,825	¥2,700	¥2,924	¥2,812	¥2,917	¥2,922	—
FCF/Share	¥152	¥86	¥88	¥-67	¥-58	¥-110	—
EPS	¥22	¥32	¥51	¥45	¥38	¥34	—
DPS	¥28	¥28	¥28	¥28	¥28	¥14	—
Capital Spending per share	¥56	¥37	¥37	¥60	¥43	¥85	—
Book Value per share	¥2,469	¥2,472	¥2,492	¥2,509	¥2,517	¥2,524	—
Common Shares Outstanding	29M	29M	29M	29M	29M	—	—

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues (Net Sales)	¥82B	¥79B	¥85B	¥82B	¥85B	¥85B	¥41B
Operating Margin (%)	1.2%	1.1%	2.2%	1.7%	1.6%	1.0%	-1.2%
Net Profit (owners)	¥1B	¥1B	¥1B	¥1B	¥1B	¥1B	¥-0B
Net Profit Margin (%)	0.8%	1.2%	1.7%	1.6%	1.3%	1.2%	-0.7%
Working Capital	¥31B	¥30B	¥29B	¥29B	¥27B	¥28B	—
Total Debt (Interest-bearing)	¥0B	¥0B	¥0B	¥0B	¥0B	—	—
Net Worth (Common Equity)	¥72B	¥72B	¥73B	¥73B	¥74B	¥74B	—
Return on Total Assets (ROA)	0.6%	1.0%	1.5%	1.3%	1.1%	1.0%	—
Return on Common Equity (ROE)	0.9%	1.3%	2.0%	1.8%	1.5%	1.3%	—

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.