5983
IWABUCHI CORPORATION
イワブチ株式会社
Metal Products
Iwabuchi Corporation manufactures and sells electrical overhead wire hardware for electric power, communication, signals, broadcasting, and railway industries in Japan. The company offers power transmission and distribution equipment parts; communication equipment; broadcasting and supporting equipment; synthetic resin electrical insulation materials; and other electrical connection equipment. It also undertakes construction, civil engineering, electrical, telecommunication, designing, supervision, and facility contracting works. In addition, the company provides distribution line, CATV/information communication, traffic lights and road signs, school physical education facility, and disaster prevention radio services. Further, it offers seismic technology, contract testing, and renewable energy related services, as well as services for EV charging stations. Iwabuchi Corporation was founded in 1950 and is headquartered in Matsudo, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥12.6B
¥11.8B
¥11.1B
¥10.3B
Cost of Sales
¥8.9B
¥8.2B
¥8.2B
¥7.5B
Gross Profit
¥3.7B
¥3.5B
¥2.9B
¥2.8B
SG&A
¥2.8B
¥2.7B
¥2.7B
¥2.4B
Operating Income
¥879M
¥853M
¥255M
¥415M
Non-Operating Income
¥116M
¥103M
¥103M
¥112M
Dividend Income
¥62M
¥54M
¥52M
¥41M
Interest Income
¥4M
¥0M
¥0M
¥1M
Non-Operating Expenses
¥35M
¥32M
¥10M
¥40M
Interest Expense
¥7M
¥8M
¥5M
¥3M
Ordinary Income
¥959M
¥924M
¥349M
¥487M
Pre-tax Income
¥979M
¥963M
¥944M
¥925M
Income Taxes
¥256M
¥276M
¥156M
¥169M
Current Tax
¥235M
¥197M
¥181M
¥131M
Deferred Tax
¥21M
¥79M
¥-25M
¥38M
Net Income (owners)
¥699M
¥674M
¥785M
¥755M
Minority Interest
¥24M
¥12M
¥3M
¥1M
Comprehensive Income
¥834M
¥1.2B
¥844M
¥978M
EBITDA
¥1.3B
¥1.2B
¥569M
¥728M
EPS
¥651.10
¥627.87
¥731.32
¥703.05
Shares Outstanding
1.1M
1.1M
1.1M
1.1M
Shares Issued (total)
1.1M
1.1M
1.1M
1.1M
Treasury Shares
0.0M
0.0M
0.0M
0.0M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥25.5B
¥25.0B
¥23.8B
¥23.0B
Current Assets
¥13.0B
¥13.4B
¥12.8B
¥13.2B
Cash & Deposits
¥6.1B
¥6.7B
¥6.8B
¥7.1B
Trade Receivables
¥2.2B
¥2.0B
¥1.9B
¥1.8B
Non-Current Assets
¥12.5B
¥11.6B
¥11.0B
¥9.7B
PP&E
¥8.6B
¥8.0B
¥8.2B
¥7.6B
Intangible Assets
¥275M
¥334M
¥368M
¥189M
Investment Securities
¥2.9B
¥2.7B
¥2.1B
¥1.5B
Deferred Tax Assets
¥7M
¥3M
¥5M
¥2M
Total Liabilities
¥5.2B
¥5.3B
¥5.1B
¥4.9B
Current Liabilities
¥2.8B
¥2.7B
¥2.6B
¥2.9B
Accounts Payable
¥874M
¥958M
¥1.4B
¥1.9B
ST Debt
¥208M
¥286M
¥321M
¥242M
Taxes Payable
¥157M
¥125M
¥122M
¥82M
Non-Current Liabilities
¥2.4B
¥2.6B
¥2.5B
¥1.9B
Total LT Borrowings
¥503M
¥693M
¥740M
¥306M
Pension Obligations
¥429M
¥493M
¥507M
¥464M
Deferred Tax Liab.
¥1.0B
¥911M
¥642M
¥571M
Total Equity
¥20.3B
¥19.7B
¥18.7B
¥18.1B
Capital Stock
¥1.5B
¥1.5B
¥1.5B
¥1.5B
Capital Surplus
¥1.2B
¥1.2B
¥1.2B
¥1.2B
Retained Earnings
¥15.3B
¥14.8B
¥14.4B
¥13.8B
Treasury Stock
¥-153M
¥-153M
¥-151M
¥-151M
AOCI
¥1.4B
¥1.3B
¥792M
¥737M
Equity (owners)
¥17.8B
¥17.4B
¥16.9B
¥16.4B
Minority Interests
¥1.0B
¥994M
¥982M
¥986M
Total Interest-Bearing Debt ⓘ
¥711M
¥978M
¥1.1B
¥548M
Net Cash ⓘ
¥5.4B
¥5.8B
¥5.8B
¥6.5B
NCAV ⓘ
¥7.8B
¥8.1B
¥7.7B
¥8.3B
NCAV/Share
¥7,221
¥7,514
¥7,170
¥7,794
BV/Share
¥16,617
¥16,196
¥15,766
¥15,282
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥809M
¥335M
¥249M
¥589M
Interest Paid
¥-7M
¥-8M
¥-5M
¥-3M
Interest Received
¥72M
¥59M
¥57M
¥46M
D&A
¥412M
¥377M
¥313M
¥313M
Investing CF
¥-858M
¥-161M
¥-615M
¥237M
CapEx
¥623M
¥126M
¥144M
¥138M
Purchase Investments
¥-402M
¥-1M
¥-601M
¥-3M
Proceeds from Invest.
¥30M
¥58M
—
—
Financing CF
¥-712M
¥-356M
¥63M
¥-303M
Dividends Paid
¥-247M
¥-215M
¥-214M
¥-215M
Share Buybacks
¥-0M
¥-1M
¥-0M
—
LT Debt Repaid
¥-268M
¥-312M
¥-207M
¥-148M
Free Cash Flow
¥186M
¥209M
¥105M
¥452M
Net Change in Cash
¥-769M
¥-154M
¥-301M
¥562M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
3.7%
3.7%
4.5%
4.5%
ROA
2.8%
2.8%
3.4%
3.3%
EPS
¥651.10
¥627.87
¥731.32
¥703.05
DPS
¥250.00
¥220.00
¥200.00
¥200.00
BPS
¥17,913.73
¥17,390.46
¥16,504.46
¥16,838.87
FCF/Share
¥173
¥194
¥98
¥422
NCAV/Share
¥7,221
¥7,514
¥7,170
¥7,794
Payout Ratio
38.4%
35.0%
27.3%
28.4%
Event Timeline
S ShareholderA Capital Signal▾ Hide Chart
Large Shareholder Reports 10
Date Activist Stake Event Flag Demands Source
2026-05-13
SENJIN CAPITAL PTY LTD
7.67%
+1.09%
change
Passive
—
2026-01-06
SENJIN CAPITAL PTY LTD
6.58%
+1.46%
change
Passive
—
2025-09-17
SENJIN CAPITAL PTY LTD
5.12%
correction
Passive
—
2025-09-12
SENJIN CAPITAL PTY LTD
5.12%
initial_5pct
Passive
—
2025-07-09
DOE5% Co., Ltd.
2.41%
change
Passive
—
2025-03-25
Kankuro Ueshima
4.79%
correction
Passive
—
2025-03-21
Kankuro Ueshima
4.79%
-0.27%
change
Passive
—
2025-02-18
Kankuro Ueshima
5.06%
change
Passive
—
2025-02-18
Kankuro Ueshima
5.06%
correction
Passive
—
2024-02-21
Kankuro Ueshima
5.34%
initial_5pct
Passive
—
Capital Allocation Signals 2
Date
Type
Amount
Summary
2026-05-15
15:45
Buyback
¥510M 3.3%
Board resolved to repurchase up to 34,000 shares, ¥510M, 3.3% of outstanding.
Summary
Board resolved to repurchase up to 34,000 shares, ¥510M, 3.3% of outstanding.
% of Shares: 3.3%Shares: 34,000
Source (JP)
式を除く）3.26％）
（３）株式の取得価額の総額 510,000,000 円（上限）
（４）自己株式取得期間 2026 年７月１日 ～ 2026 年 12 月 31 日
（５）取 得 の 方 法 東京証券取引所の自己株式立会外買付取引（ToSTNeT-3）に
2026-05-15
15:45
Cost of Capital
¥330.0/sh
+10%
Iwabuchi disclosed its capital cost awareness strategy and ROE improvement framework targeting sustained profitability a…
Summary
Iwabuchi disclosed its capital cost awareness strategy and ROE improvement framework targeting sustained profitability above its 7%+ cost of capital. The company announced FY2027 dividend guidance of ¥330/share (+10% YoY) with a total shareholder return policy aiming for ≥30% consolidated payout ratio, supported by ¥510M share buyback authorization. A comprehensive mid-term management plan addressing capital efficiency, business strategy, and governance enhancements is scheduled for November 2024 publication.
YoY: +10%
Source (JP)
当社の株主資本コストの水準は７％以上と認識。PBR改善に向け、中⾧期的な目線でROE水準が株主資本コスト(７％以上)を上回ることを目指す。
2026年3月期 決算説明資料(資本コストや株価を意識した経営の実現に向けた対応について)
TDnet PDF
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 14
#
Shareholder
Shares (thou.)
% of Total
1
Business Partner Stock Ownership Plan
イワブチ取引先持株会
1,118
10.41%
2
Sumitomo Corporation
住友商事株式会社
500
4.66%
3
MATSUI SECURITIES CO.,LTD.
松井証券株式会社
416
3.87%
4
公益財団法人光奨学会
380
3.54%
5
イワブチグループ従業員持株会
374
3.48%
6
The Joyo Bank, Ltd.
株式会社常陽銀行
359
3.34%
7
NIPPON STEEL CORPORATION
日本製鉄株式会社
320
2.98%
8
Sumitomo Mitsui Trust Bank
三井住友信託銀行株式会社
304
2.83%
9
光岡 毅
227
2.12%
10
損害保険ジャパン株式会社
170
1.58%
Domestic Nominees
2.8%
+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
36.0%
-0.8% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Business Partner Stock Ownership Plan
イワブチ取引先持株会
9.73%
10.09%
10.41%
+0.32%
Sumitomo Corporation
住友商事
4.66%
4.66%
4.66%
MATSUI SECURITIES CO.,LTD.
松井証券
—
4.87%
3.87%
-1.00%
公益財団法人光奨学会
3.54%
3.54%
3.54%
イワブチグループ従業員持株会
NEW ENTRY
—
—
—
3.48%
NEW
The Joyo Bank, Ltd.
式会社常陽銀行
3.34%
3.34%
3.34%
NIPPON STEEL CORPORATION
日本製鉄
2.98%
2.98%
2.98%
Sumitomo Mitsui Trust Bank
三井住友信託銀行
2.83%
2.83%
2.83%
光岡 毅
2.12%
2.12%
2.12%
損害保険ジャパン
NEW ENTRY
1.58%
—
1.58%
NEW
Employee Stock Ownership Plan
イワブチ従業員持株会
last seen 2024
Exited Top 10
3.63%
3.45%
—
Interactive Brokers
last seen 2024
Exited Top 10
1.68%
1.76%
—
Concentration (HHI)
ⓘ
180
207
205
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥2,003M
+67% since 2023
Holdings
14
+2 new
2 exited
Trend
1 unwinding
vs 2023
Held Company
FY2025
¥2,003M total
FY2023
¥1,198M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Sumitomo Corporation
住友商事㈱
729
216,270
506
216,270
M
Sompo Holdings, Inc.
ＳＯＭＰＯホールディングス㈱
305
+200.0%
↑
67,500
118
22,500
KANDENKO CO.,LTD.
㈱関電工
252
94,119
88
94,119
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
219
54,094
102
54,094
mitanisekisanco.,ltd
三谷セキサン㈱
176
+2.3%
↑
27,411
125
26,796
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
72
+200.0%
↑
18,936
33
6,312
NIPPON STEEL CORPORATION
日本製鉄㈱
47
14,700
46
14,700
M
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
46
NEW
New
12,418
—
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㈱めぶきフィナンシャルグループ
43
59,670
19
59,670
CHUDENKO CORPORATION
㈱中電工
37
11,189
24
11,189
KDDI CORPORATION
ＫＤＤＩ㈱
31
+100.0%
↑
13,200
27
6,600
HOKKAIDENKO CORPORATION
㈱北海電工
24
NEW
New
27,041
—
日本電信電話㈱
15
+2400.0%
↑
102,000
16
4,080
OTANI KOGYO CO., LTD.
㈱大谷工業
6
-85.7%
↓
1,000
47
7,000
M
三井住友トラスト・ホールディングス㈱
—
−100%
Exit
—
28
6,209
北海電気工事㈱
—
−100%
Exit
—
18
27,041
Portfolio total 2,003
1,198
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding