5971
KYOWAKOGYOSYO CO.,LTD.
株式会社共和工業所
Metal Products
Kyowakogyosyo Co.,Ltd. manufactures and sells hexagon bolts, JIS hexagon socket head cap screws, bolts for construction machinery and internal combustion engines, cold-forged parts for automobiles, and special cold-/hot-forged parts in Japan and internationally. It also offers automobile parts, such as transmission, steering and suspension, and other forging parts; gears; and industrial bolts and bolts for internal combustion engines. The company was founded in 1950 and is based in Komatsu, Japan.
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⚠ TSE Capital Mandate
P / Book
0.58×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Net Sales
¥10.5B
¥11.0B
¥13.2B
¥11.7B
Cost of Sales
¥8.5B
¥8.8B
¥10.8B
¥8.9B
Gross Profit
¥2.0B
¥2.1B
¥2.5B
¥2.8B
SG&A
¥1.2B
¥1.1B
¥1.5B
¥1.3B
Operating Income
¥818M
¥1.0B
¥994M
¥1.5B
Non-Operating Income
¥113M
¥134M
¥117M
¥86M
Dividend Income
¥81M
¥67M
¥53M
¥34M
Interest Income
¥9M
¥3M
¥26M
¥10M
Non-Operating Expenses
—
¥0M
¥9M
¥39M
Interest Expense
—
¥0M
¥0M
¥1M
Ordinary Income
¥932M
¥1.1B
¥1.1B
¥1.5B
Pre-tax Income
¥932M
¥1.8B
¥1.5B
¥1.5B
Income Taxes
¥223M
¥374M
¥405M
¥467M
Current Tax
¥314M
¥375M
¥397M
¥501M
Deferred Tax
¥-91M
¥-1M
¥9M
¥-34M
Net Income (owners)
¥708M
¥1.4B
¥1.1B
¥1.1B
Comprehensive Income
¥499M
¥1.2B
¥1.3B
¥1.2B
EBITDA
¥1.2B
¥1.4B
¥1.4B
¥1.8B
EPS
¥535.66
¥1,063.10
¥804.45
¥797.27
Shares Outstanding
1.3M
1.4M
1.4M
1.4M
Shares Issued (total)
1.4M
1.4M
1.4M
1.4M
Treasury Shares
0.1M
0.0M
0.0M
0.0M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Total Assets
¥18.2B
¥17.9B
¥17.1B
¥16.4B
Current Assets
¥12.5B
¥11.9B
¥12.4B
¥11.6B
Cash & Deposits
¥5.3B
¥5.2B
¥6.4B
¥5.4B
Trade Receivables
¥1.6B
¥1.8B
¥2.2B
¥2.4B
Non-Current Assets
¥5.6B
¥6.0B
¥4.8B
¥4.7B
PP&E
¥2.9B
¥3.0B
¥2.4B
¥2.5B
Intangible Assets
¥4M
¥6M
¥8M
¥9M
Investment Securities
¥2.3B
¥2.6B
¥1.9B
¥1.7B
Deferred Tax Assets
¥0M
¥3M
¥2M
—
Total Liabilities
¥2.5B
¥2.4B
¥2.7B
¥3.0B
Current Liabilities
¥1.6B
¥1.4B
¥2.0B
¥2.3B
ST Debt
—
¥2M
¥102M
¥126M
Taxes Payable
¥134M
¥193M
¥143M
¥413M
Non-Current Liabilities
¥888M
¥946M
¥715M
¥699M
Total LT Borrowings
—
—
¥2M
¥104M
Pension Obligations
¥351M
¥322M
¥285M
¥255M
Deferred Tax Liab.
¥149M
¥316M
¥126M
¥56M
Total Equity
¥15.7B
¥15.5B
¥14.5B
¥13.3B
Capital Stock
¥592M
¥592M
¥592M
¥592M
Capital Surplus
¥464M
¥464M
¥464M
¥464M
Retained Earnings
¥13.9B
¥13.3B
¥12.0B
¥11.0B
Treasury Stock
¥-290M
¥-10M
¥-10M
¥-9M
AOCI
¥971M
¥1.2B
¥1.4B
¥1.3B
Equity (owners)
¥14.7B
¥14.4B
¥13.0B
¥12.1B
Total Interest-Bearing Debt ⓘ
—
¥2M
¥104M
¥230M
Net Cash ⓘ
¥5.3B
¥5.2B
¥6.3B
¥5.1B
NCAV ⓘ
¥10.0B
¥9.5B
¥9.7B
¥8.6B
NCAV/Share
¥7,690
¥7,017
¥7,139
¥6,346
BV/Share
¥11,282
¥10,581
¥9,598
¥8,893
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Operating CF
¥1.4B
¥1.7B
¥1.1B
¥927M
Interest Paid
—
¥-0M
¥-0M
¥-1M
Interest Received
¥88M
¥76M
¥89M
¥56M
D&A
¥367M
¥407M
¥370M
¥301M
Investing CF
¥-1.1B
¥-2.6B
¥423M
¥-976M
CapEx
¥134M
¥1.1B
¥291M
¥437M
Purchase Investments
¥-157M
¥-244M
¥-36M
¥-327M
Proceeds from Invest.
—
—
—
¥0M
Financing CF
¥-392M
¥-214M
¥-267M
¥-60M
Dividends Paid
¥-108M
¥-108M
¥-136M
¥-109M
Share Buybacks
¥-280M
¥-0M
¥-0M
—
LT Debt Repaid
¥-2M
¥-102M
¥-126M
¥-248M
Free Cash Flow
¥1.3B
¥613M
¥799M
¥490M
Net Change in Cash
¥-101M
¥-1.1B
¥1.2B
¥-27M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
ROE
4.5%
9.6%
7.9%
8.5%
ROA
3.9%
8.2%
6.5%
6.6%
EPS
¥535.66
¥1,063.10
¥804.45
¥797.27
DPS
¥80.00
¥80.00
¥80.00
¥100.00
BPS
¥12,028.81
¥11,451.65
¥10,648.40
¥9,821.21
FCF/Share
¥987
¥452
¥589
¥361
NCAV/Share
¥7,690
¥7,017
¥7,139
¥6,346
Payout Ratio
14.9%
7.5%
9.9%
12.5%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 11
Date Activist Stake Event Flag Demands Source
2026-03-31
Old Peak Group Ltd.
7.1%
+1.0%
change
Passive
—
2025-11-10
Old Peak Group Ltd.
6.1%
+1.0%
change
Passive
—
2025-10-06
Old Peak Group Ltd.
5.1%
initial_5pct
Passive
—
2024-03-18
SAKURAI TORU
8.26%
correction
Passive
—
2024-02-29
NISHI TOMOKAZU
—
exit
Passive
—
2024-02-29
KOBAYASHI SHUNSUKE
7.97%
initial_5pct
Passive
—
2024-02-29
KOBAYASHI SHUNSUKE
—
exit
Passive
—
2024-02-29
SAKURAI TORU
8.26%
initial_5pct
Passive
—
2023-08-07
FMR LLC
3.63%
-1.71%
change
Passive
—
2023-07-07
FMR LLC
5.34%
-1.3%
change
Passive
—
2023-06-07
FMR LLC
6.64%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 7
#
Shareholder
Shares (thou.)
% of Total
1
㈲ワイ・エム・ジィ
453
34.90%
2
共和工業所取引先持株会
115
8.90%
3
名古屋中小企業投資育成㈱
104
8.00%
4
共和工業所社員持株会
61
4.70%
5
INTERACTIVE BROKERS LLC (常任代理人インタラクティブ・ブローカーズ証券㈱)
52
4.00%
6
GOLDMAN SACHS INTERNATIONAL (常任代理人ゴールドマン・サックス証券㈱)
26
2.00%
7
カネマツ鋼材㈱
15
1.20%
8
上田運輸㈱
14
1.10%
9
㈱商工組合中央金庫
13
1.00%
10
岸 正歳
13
1.00%
Domestic Nominees
0.0%
+0.0% 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
66.8%
+1.5% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
㈲ワイ・エム・ジィ
33.40%
33.40%
34.90%
+1.50%
共和工業所取引先持株会
8.20%
8.10%
8.90%
+0.80%
名古屋中小企業投資育成
7.70%
7.70%
8.00%
+0.30%
共和工業所社員持株会
4.60%
4.40%
4.70%
+0.30%
Interactive Brokers
2.90%
3.80%
4.00%
+0.20%
Goldman Sachs
—
1.40%
2.00%
+0.60%
カネマツ鋼材
1.10%
1.10%
1.20%
+0.10%
上田運輸
1.00%
1.00%
1.10%
+0.10%
㈱商工組合中央金庫
—
1.00%
1.00%
岸 正歳
NEW ENTRY
—
—
—
1.00%
NEW
㈱北國銀行
last seen 2024
Exited Top 10
3.40%
3.40%
—
State Street
last seen 2023
Exited Top 10
3.70%
—
—
Fidelity
last seen 2023
Exited Top 10
3.10%
—
—
Concentration (HHI)
ⓘ
1309
1291
1408
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥1,990M
+29% since 2023
Holdings
7
+2 new
2 exited
Trend
3 building
vs 2023
Held Company
FY2025
¥1,990M total
FY2023
¥1,548M total
Book Val ¥M
Shares
Book Val ¥M
Shares
KOMATSU LTD.
㈱小松製作所
1,681
+5.4%
↑
409,931
1,301
388,984
Hitachi Construction Machinery Co., Ltd.
日立建機㈱
127
30,000
100
30,000
㈱北國フィナンシャルホールディングス
101
NEW
New
19,000
—
TOPY INDUSTRIES,LIMITED
トピー工業㈱
48
+12.9%
↑
23,312
38
20,657
DAIHATSU INFINEARTH MFG.CO.,LTD.
ダイハツインフィニアース㈱
20
NEW
New
11,000
—
NICHIDAI CORPORATION
㈱ニチダイ
12
+11.2%
↑
31,981
11
28,756
M
T&D Holdings, Inc.
㈱T&Dホールディングス
1
400
1
400
㈱北國フィナンシャルホールディングス(注2)
—
−100%
Exit
—
90
19,000
ダイハツディーゼル㈱
—
−100%
Exit
—
7
11,000
Portfolio total
1,990
1,548
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding