5938
LIXIL Corporation
株式会社LIXIL
Metal Products
LIXIL Corporation, through its subsidiaries, operates water technology and housing technology business in Japan and internationally. The company offers fixtures and vanities, which includes ceramic toilets, bidets, urinals, and basins, and vanities; bathing products, such as bath tubs, showers enclosures, whirlpool, and wellness solutions; and bathroom fittings, including single and two lever faucets and accessories, as well as hands and head showers, thermostats, and shower systems. It also provides shower toilets comprising integrated shower toilet system and seats; prefabricated bath and kitchen systems for houses condos, and other projects; smart water sensors and controllers; behind the wall systems and commercial fittings; kitchen fittings and sinks; and tiles. In addition, the company offers thermal efficiency and insulation windows; entrance doors; exteriors, including entrance gates, garages, terraces, and garden rooms; and wooden interior furnishing materials, as well as other products, such as fire-resistant siding materials, aluminum frames for solar photovoltaic systems, and super wall construction. Further, it provides housing solutions; and sells and manages real estate and other services. It offers its products under the INAX, GROHE, American Standard, TOSTEM, RICHELLE, SPAGE, exsior, SUPER WALL, ASAHI TOSTEM, DXV, NODEA, COBRA, and SATO brands. The company was formerly known as LIXIL Group Corporation. LIXIL Corporation was founded in 1875 and is headquartered in Tokyo, Japan.
Price
¥1,686
Market Cap
¥484.5B
Ent. Value
¥948.7B
Net Debt
−¥464.3B
Shares Out.
287.3M
P / E
59.5×
EV / EBIT
33.4×
P / Book
0.73×
P / NCAV
N/M
Div. Yield
2.67%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥1,510.7B | ¥1,510.7B | ¥1,483.2B | ¥1,496.0B | ¥1,428.6B |
| Cost of Sales | ¥995.6B | ¥995.6B | ¥1,010.5B | ¥1,027.4B | ¥941.7B |
| Gross Profit | ¥515.1B | ¥515.1B | ¥472.7B | ¥468.6B | ¥486.9B |
| SG&A | ¥476.6B | ¥476.6B | ¥449.6B | ¥442.9B | ¥422.0B |
| Operating Income | ¥28.4B | ¥28.4B | ¥16.4B | ¥24.9B | ¥69.5B |
| Non-Operating Income | — | ¥4.0B | ¥3.7B | ¥3.1B | ¥4.1B |
| Non-Operating Expenses | — | ¥13.9B | ¥13.2B | ¥8.3B | ¥6.2B |
| Ordinary Income | ¥28.4B | ¥29.7B | — | — | — |
| Pre-tax Income | ¥15.7B | ¥15.7B | ¥6.7B | ¥19.8B | ¥67.3B |
| Net Income (owners) | ¥8.1B | ¥8.1B | ¥-13.9B | ¥16.0B | ¥48.6B |
| Minority Interest | — | ¥217M | ¥-706M | ¥24M | ¥127M |
| Comprehensive Income | — | ¥1.5B | ¥42.3B | ¥48.1B | ¥82.4B |
| EBITDA | ¥111.5B | ¥111.5B | ¥97.7B | ¥106.8B | ¥150.2B |
| EPS | ¥28.33 | ¥28.33 | ¥-48.43 | ¥55.54 | ¥167.21 |
| Shares Outstanding | — | 287.3M | 287.2M | 287.1M | 290.7M |
| Shares Issued (total) | — | 287.3M | 287.2M | 287.1M | 313.3M |
| Treasury Shares | — | 0.1M | 0.1M | 0.1M | 22.6M |
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥1,883.9B | ¥1,883.9B | ¥1,886.6B | ¥1,853.5B | ¥1,782.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥718.9B | ¥718.9B | ¥730.8B | ¥744.5B | ¥714.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥115.6B | ¥115.6B | ¥124.5B | ¥106.7B | ¥100.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥1,165.0B | ¥1,165.0B | ¥1,155.8B | ¥1,109.0B | ¥1,068.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥363.8B | ¥363.8B | ¥378.1B | ¥377.0B | ¥373.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥231.1B | ¥234.4B | ¥210.1B | ¥194.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥80.1B | ¥83.3B | ¥93.1B | ¥83.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥1,215.6B | ¥1,215.6B | ¥1,242.3B | ¥1,225.8B | ¥1,167.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥560.5B | ¥560.5B | ¥594.6B | ¥652.2B | ¥603.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥163.2B | ¥163.2B | ¥208.9B | ¥209.0B | ¥132.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥655.1B | ¥655.1B | ¥647.7B | ¥573.6B | ¥564.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥416.7B | ¥416.7B | ¥406.5B | ¥345.5B | ¥337.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥75.6B | ¥73.7B | ¥66.7B | ¥61.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥668.4B | ¥668.4B | ¥644.3B | ¥627.7B | ¥615.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥221.6B | ¥221.6B | ¥221.8B | ¥278.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥199.4B | ¥199.4B | ¥226.9B | ¥267.2B | ¥267.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-138M | ¥-126M | ¥-113M | ¥-47.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥121.1B | ¥125.6B | ¥68.2B | ¥45.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥664.8B | ¥664.8B | ¥642.5B | ¥625.4B | ¥612.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥2.2B | ¥1.8B | ¥2.3B | ¥2.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥579.9B | ¥579.9B | ¥615.4B | ¥554.5B | ¥469.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-464.3B | ¥-464.3B | ¥-490.9B | ¥-447.8B | ¥-369.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-496.6B | ¥-496.6B | ¥-511.5B | ¥-481.3B | ¥-453.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥-1,729 | ¥-1,781 | ¥-1,677 | ¥-1,559 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥2,314 | ¥2,238 | ¥2,179 | ¥2,106 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥82.7B | ¥82.7B | ¥48.0B | ¥15.0B | ¥118.3B |
| D&A | ¥83.1B | ¥83.1B | ¥81.3B | ¥81.9B | ¥80.7B |
| Investing CF | ¥-23.6B | ¥-23.6B | ¥-29.9B | ¥-29.3B | ¥-24.8B |
| CapEx | ¥32.1B | ¥32.1B | ¥37.9B | ¥41.6B | ¥37.0B |
| Financing CF | ¥-72.5B | ¥-72.5B | ¥-3.7B | ¥19.8B | ¥-108.1B |
| Free Cash Flow | ¥50.5B | ¥50.5B | ¥10.1B | ¥-26.6B | ¥81.3B |
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 1.2% | 1.2% | -2.2% | 2.6% | 7.9% |
| ROA | 0.4% | 0.4% | -0.7% | 0.9% | 2.7% |
| EPS | ¥28.33 | ¥28.33 | ¥-48.43 | ¥55.54 | ¥167.21 |
| DPS | ¥45.00 | ¥45.00 | ¥90.00 | ¥90.00 | ¥85.00 |
| BPS | ¥2,312.94 | ¥2,312.94 | — | — | — |
| FCF/Share | — | ¥176 | ¥35 | ¥-93 | ¥280 |
| NCAV/Share | — | ¥-1,729 | ¥-1,781 | ¥-1,677 | ¥-1,559 |
| Payout Ratio | 158.8% | 158.8% | — | 162.0% | 50.8% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 18
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-18
15:30
|
Div New | ¥12.9B ¥45.0/sh +0% | LIXIL Corporation announced a dividend of ¥45 per share with a record date of March 31, 2026 and effective date of June … | |
|
Summary
LIXIL Corporation announced a dividend of ¥45 per share with a record date of March 31, 2026 and effective date of June 3, 2026, totaling ¥12,935 million from retained earnings. This represents the second tranche of a ¥90 annual dividend (¥45 interim + ¥45 final), maintaining consistency with the prior year payout level based on current financial conditions and profitability.
Deadline: 2026-06-03
YoY: +0%
Source (JP)
2026年3月31日を基準日とする剰余金の配当を行うことについて決議しました。期末配当金を1株につき45円(中間配当金を含め年90円配当)といたしました。
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 |
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)
|
47,335 | 16.48% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
11,958 | 4.16% |
| 3 |
LIXIL Employee Stock Ownership Plan
LIXIL従業員持株会
|
8,185 | 2.85% |
| 4 |
NORTHERN TRUST CO. (AVFC) SUB A/C AMERICAN CLIENTS
NORTHERN TRUST CO. (AVFC) SUB A/C AMERICAN CLIENTS (常任代理人 香港上海銀行東京支店)
|
5,353 | 1.86% |
| 5 | JPモルガン証券株式会社 | 4,720 | 1.64% |
| 6 |
Nippon Life Insurance
日本生命保険相互会社 (常任代理人 日本マスタートラスト信託銀行株式会社)
|
3,824 | 1.33% |
| 7 |
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行決済営業部)
|
3,672 | 1.28% |
| 8 |
STATE STREET BANK WEST CLIENT - TREATY
STATE STREET BANK WEST CLIENT - TREATY 505234 (常任代理人 株式会社みずほ銀行決済営業部)
|
3,337 | 1.16% |
| 9 |
LIXIL Business Partner Stock Ownership Plan
LIXIL取引先持株会
|
3,262 | 1.14% |
| 10 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505103 (常任代理人 株式会社みずほ銀行決済営業部)
|
3,054 | 1.06% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
20.6%
-0.7% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
5.4%
-4.1% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
7.0%
-0.4% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 33.0% · 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 | 16.69% | 16.89% | 16.48% -0.41% | |
| Japan Custody Bank 日本カストディ銀行 | 4.90% | 4.42% | 4.16% -0.26% | |
| LIXIL Employee Stock Ownership Plan LIXIL従業員持株会 | 2.38% | 2.60% | 2.85% +0.25% | |
| State Street | 8.35% | 6.31% | 2.22% -4.09% | |
| Northern Trust | 1.94% | 1.87% | 1.86% -0.01% | |
| JPモルガン証券 | 1.57% | 2.35% | 1.64% -0.71% | |
| Nippon Life Insurance 日本生命保険 | — | 1.33% | 1.33% | |
| JP Morgan | 10.39% | 1.26% | 1.28% +0.02% | |
| LIXIL Business Partner Stock Ownership Plan LIXIL取引先持株会 | — | 1.06% | 1.14% +0.08% | |
| BNY Mellon last seen 2023 | Exited Top 10 | 2.30% | — | — |
| Concentration (HHI) ⓘ | 497 | 365 | 313 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥35,837M
+32% since 2023
Holdings
47
+5 new
8 exited
Trend
1 building
vs 2023
| Held Company | FY2025 ¥35,837M total | FY2023 ¥27,212M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
DAIWA HOUSE INDUSTRY CO., LTD.
大和ハウス工業㈱
|
18,972 |
3,842,214
|
11,964 | 3,842,214 | M |
|
DAITO TRUST CONSTRUCTION CO.,LTD.
大東建託㈱
|
5,589 |
365,000
|
4,814 | 365,000 | |
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
2,796 |
500,000
|
1,491 | 500,000 | |
|
RESORTTRUST,INC.
リゾートトラスト㈱
|
1,890 |
651,320
|
1,373 | 651,320 | M |
|
Sumitomo Forestry Co., Ltd.
住友林業㈱
|
918 |
203,600
|
533 | 203,600 | M |
|
Sekisui Chemical Co.,Ltd.
積水化学工業㈱
|
913 |
359,000
|
673 | 359,000 | |
|
starts corporation inc.
スターツコーポレーション㈱
|
485 |
123,600
|
314 | 123,600 | |
|
AGC Inc.
AGC㈱
|
481 |
106,000
|
522 | 106,000 | |
|
EPCO Co.,Ltd.
㈱エプコ
|
334 |
465,000
|
330 | 465,000 | |
|
KANEKA CORPORATION
㈱カネカ
|
322 |
NEW
New
84,600
|
— | ||
|
Nice Corporation
ナイス㈱
|
305 |
193,411
|
263 | 193,411 | M |
|
TOYOTA MOTOR CORPORATION
トヨタ自動車㈱
|
301 |
115,395
|
216 | 115,395 | |
|
TOC Co.,Ltd
㈱テーオーシー
|
206 |
320,000
|
203 | 320,000 | |
|
Japan Airport Terminal Co.,Ltd.
日本空港ビルデング㈱
|
205 |
50,000
|
330 | 50,000 | |
|
KUWAZAWA Holdings Corporation
クワザワホールディングス㈱
|
193 |
339,712
|
163 | 339,712 | M |
|
OKAYA&CO.,LTD.
岡谷鋼機㈱ (注)
|
192 |
NEW
New
27,600
|
— | M | |
|
HODEN SEIMITSU KAKO KENKYUSHO CO.,LTD.
㈱放電精密加工研究所
|
145 |
105,000
|
60 | 105,000 | M |
|
YAMADA HOLDINGS CO.,LTD.
㈱ヤマダホールディングス
|
144 |
336,147
|
153 | 336,147 | |
|
Tokyo Tatemono Co., Ltd.
東京建物㈱
|
138 |
55,000
|
88 | 55,000 | M |
|
TOKAI Holdings Corporation
㈱TOKAIホールディングス
|
128 |
131,025
|
114 | 131,025 | |
|
JK Holdings Co.,Ltd.
JKホールディングス㈱
|
112 |
112,307
|
115 | 112,307 | M |
|
AVANTIA CO., LTD.
㈱AVANTIA
|
111 |
144,000
|
116 | 144,000 | |
|
TODA CORPORATION
戸田建設㈱
|
108 |
123,196
|
85 | 123,196 | |
|
Asahi Kasei Corporation
旭化成㈱
|
104 |
100,000
|
92 | 100,000 | |
|
Mitsubishi Estate Company, Limited
三菱地所㈱
|
104 |
42,866
|
67 | 42,866 | |
|
Nagoya Railway Co.
名古屋鉄道㈱
|
99 |
57,147
|
116 | 57,147 | |
|
Janis Ltd.
ジャニス工業㈱
|
70 |
180,000
|
91 | 180,000 | |
|
OSAKA GAS CO.,LTD.
大阪瓦斯㈱
|
68 |
20,109
|
43 | 20,109 | |
|
toyo tec co ., ltd
東洋テック㈱
|
67 |
50,000
|
47 | 50,000 | M |
|
Yamazaki Co., Ltd.
㈱山善
|
64 |
49,000
|
49 | 49,000 | |
|
YUASA TRADING CO.,LTD.
ユアサ商事㈱
|
63 |
13,946
|
52 | 13,946 | M |
|
HASHIMOTO SOGYO HOLDINGS CO.,LTD.
橋本総業ホールディングス㈱
|
43 |
NEW
New
36,300
|
— | ||
|
OCHI HOLDINGS CO.,LTD.
OCHIホールディングス㈱
|
40 |
29,700
|
36 | 29,700 | |
|
HASEKO Corporation
㈱長谷工コーポレーション
|
23 |
12,000
|
18 | 12,000 | |
|
KITAKEI CO.,LTD
北恵㈱
|
21 |
26,409
|
19 | 26,409 | M |
|
Japan Dry Distillation Industry Co., Ltd.
日本乾溜工業㈱
|
19 |
20,000
|
12 | 20,000 | |
|
KAMEI CORPORATION
カメイ㈱
|
19 |
9,680
|
14 | 9,680 | M |
|
GEOLIVE Group Corporation
ジオリーブグループ㈱
|
12 |
NEW
New
11,500
|
— | M | |
|
TSUCHIYA HOLDINGS CO., LTD.
㈱土屋ホールディングス
|
10 |
45,000
|
8 | 45,000 | |
|
TAKEDA iP HOLDINGS CO., LTD.
竹田iPホールディングス㈱
|
8 |
NEW
New
9,000
|
— | M | |
|
Kyushu Railway Company
九州旅客鉄道㈱
|
7 |
2,000
|
5 | 2,000 | |
|
AMG HOLDINGS CO.,LTD.
AMGホールディングス㈱
|
4 |
2,400
|
4 | 2,400 | |
|
Sumitomo Mitsui Construction Co.,Ltd.
三井住友建設㈱
|
2 |
+17.5%
↑
5,775
|
1 | 4,915 | |
|
First Juken Co.,Ltd.
ファースト住建㈱
|
2 |
2,000
|
2 | 2,000 | |
| セメダイン㈱ (注)3 | — | — | M | ||
|
EDION Corporation
㈱エディオン
|
— | — | |||
|
Sekisui House,Ltd.
積水ハウス㈱
|
— | — | |||
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
— |
−100%
Exit
—
|
1,411 | 266,500 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
— |
−100%
Exit
—
|
582 | 687,100 | M |
|
KANEKA CORPORATION
㈱カネカ (注)3
|
— |
−100%
Exit
—
|
291 | 84,600 | |
|
OKAYA&CO.,LTD.
岡谷鋼機㈱
|
— |
−100%
Exit
—
|
143 | 13,800 | M |
|
Japan Best Rescue System Co.,Ltd.
ジャパンベストレスキューシステム㈱
|
— |
−100%
Exit
—
|
130 | 180,000 | |
|
HASHIMOTO SOGYO HOLDINGS CO.,LTD.
橋本総業ホールディングス㈱ (注)4
|
— |
−100%
Exit
—
|
40 | 36,300 | |
| ジューテックホールディングス㈱ | — |
−100%
Exit
—
|
13 | 11,500 | M |
| 竹田印刷㈱ (注)5 | — |
−100%
Exit
—
|
6 | 9,000 | M |
| Portfolio total | 35,837 | 27,212 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding