5997
KYORITSU AIR TECH INC.
協立エアテック株式会社
Metal Products
Kyoritsu Air Tech Inc., together with its subsidiaries, manufactures and sells building and residential equipment in Japan. The company offers building air conditioning and disaster prevention equipment, such as dampers, air outlets, and fasteners; residential central air conditioning systems; ventilation systems; air outlets and VAV/Fass units; wall-mounted heat exchange air purifiers; radiant cooling/heating systems; exhaust system for induction cookers; water purifiers; and air conditioning materials, as well as ductless booster circulation fan. It also provides low-carbon eco-materials and commercial kitchen hoods. Kyoritsu Air Tech Inc. was founded in 1967 and is based in Kasuya, Japan.
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⚠ TSE Capital Mandate
P / Book
0.39×
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 ↗
FY 2021
EDINET ↗
Net Sales
¥11.9B
¥11.7B
¥11.9B
¥10.6B
¥9.9B
Cost of Sales
¥9.0B
¥8.8B
¥9.0B
¥8.1B
¥7.3B
Gross Profit
¥2.9B
¥2.9B
¥2.9B
¥2.5B
¥2.6B
SG&A
¥2.3B
¥2.3B
¥2.2B
¥2.0B
¥2.0B
Operating Income
¥598M
¥685M
¥692M
¥503M
¥640M
Non-Operating Income
¥64M
¥53M
¥54M
¥67M
¥51M
Dividend Income
¥32M
¥21M
¥13M
¥11M
¥9M
Interest Income
¥5M
¥3M
¥3M
¥3M
¥2M
Non-Operating Expenses
¥17M
¥10M
¥7M
¥7M
¥7M
Interest Expense
¥17M
¥9M
¥7M
¥7M
¥6M
Ordinary Income
¥645M
¥728M
¥739M
¥563M
¥684M
Pre-tax Income
¥646M
¥728M
¥739M
¥553M
¥684M
Income Taxes
¥181M
¥225M
¥247M
¥190M
¥131M
Current Tax
¥191M
¥236M
¥277M
¥188M
¥233M
Deferred Tax
¥-10M
¥-10M
¥-30M
¥2M
¥-102M
Net Income (owners)
¥461M
¥499M
¥489M
¥364M
¥553M
Minority Interest
¥4M
¥4M
¥3M
—
—
Comprehensive Income
¥860M
¥779M
¥647M
¥364M
¥615M
EBITDA
¥866M
¥936M
¥940M
¥762M
¥898M
EPS
¥95.59
¥103.63
¥101.64
¥75.74
¥115.35
Shares Outstanding
4.8M
4.8M
4.8M
4.8M
4.8M
Shares Issued (total)
6.0M
6.0M
6.0M
6.0M
6.0M
Treasury Shares
1.2M
1.2M
1.2M
1.2M
1.2M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥15.7B
¥15.5B
¥15.0B
¥13.8B
¥13.0B
Current Assets
¥9.0B
¥9.7B
¥9.6B
¥8.5B
¥7.8B
Cash & Deposits
¥4.1B
¥4.4B
¥4.0B
¥3.4B
¥3.4B
Non-Current Assets
¥6.7B
¥5.9B
¥5.4B
¥5.4B
¥5.2B
PP&E
¥5.2B
¥4.8B
¥4.5B
¥4.6B
¥4.4B
Intangible Assets
¥83M
¥114M
¥143M
¥163M
¥159M
Investment Securities
¥1.2B
¥781M
¥450M
¥320M
¥311M
Deferred Tax Assets
¥2M
¥79M
¥175M
¥199M
¥193M
Total Liabilities
¥5.8B
¥6.4B
¥6.5B
¥6.2B
¥5.6B
Current Liabilities
¥4.9B
¥5.6B
¥5.7B
¥5.3B
¥4.8B
Accounts Payable
¥776M
¥905M
¥1.0B
¥875M
¥820M
ST Debt
¥1.9B
¥1.9B
¥2.0B
¥2.0B
¥1.9B
Taxes Payable
¥110M
¥135M
¥198M
¥90M
¥140M
Non-Current Liabilities
¥926M
¥857M
¥814M
¥865M
¥828M
Pension Obligations
¥740M
¥758M
¥707M
¥742M
¥683M
Deferred Tax Liab.
¥91M
—
—
—
—
Total Equity
¥9.9B
¥9.1B
¥8.4B
¥7.7B
¥7.4B
Capital Stock
¥1.7B
¥1.7B
¥1.7B
¥1.7B
¥1.7B
Capital Surplus
¥1.6B
¥1.6B
¥1.6B
¥1.6B
¥1.6B
Retained Earnings
¥6.1B
¥5.8B
¥5.4B
¥4.8B
¥4.6B
Treasury Stock
¥-486M
¥-488M
¥-491M
¥-494M
¥-498M
AOCI
¥884M
¥489M
¥213M
¥58M
¥57M
Equity (owners)
¥9.0B
¥8.6B
¥8.2B
¥7.6B
¥7.4B
Minority Interests
¥27M
¥23M
¥19M
—
—
Total Interest-Bearing Debt ⓘ
¥1.9B
¥1.9B
¥2.0B
¥2.0B
¥1.9B
Net Cash ⓘ
¥2.2B
¥2.4B
¥2.0B
¥1.4B
¥1.5B
NCAV ⓘ
¥3.2B
¥3.2B
¥3.0B
¥2.3B
¥2.2B
NCAV/Share
¥654
¥668
¥629
¥484
¥460
BV/Share
¥1,855
¥1,782
¥1,699
¥1,588
¥1,534
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥283M
¥991M
¥750M
¥420M
¥865M
Interest Paid
¥-4M
¥-10M
¥-7M
¥-7M
¥-6M
Interest Received
¥36M
¥24M
¥15M
¥13M
¥11M
D&A
¥268M
¥251M
¥248M
¥259M
¥257M
Investing CF
¥-420M
¥-574M
¥-276M
¥-461M
¥-1.1B
CapEx
¥389M
¥441M
¥177M
¥437M
¥1.1B
Purchase Investments
¥-22M
¥-13M
¥-8M
¥-11M
¥-5M
Proceeds from Invest.
—
—
—
¥10M
—
Financing CF
¥-101M
¥-203M
¥-81M
¥-7M
¥142M
Dividends Paid
¥-96M
¥-96M
¥-72M
¥-96M
¥-96M
Free Cash Flow
¥-106M
¥550M
¥574M
¥-17M
¥-257M
Net Change in Cash
¥-232M
¥230M
¥402M
¥-39M
¥-115M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
4.9%
5.7%
6.1%
4.8%
7.5%
ROA
3.0%
3.3%
3.4%
2.7%
4.2%
EPS
¥95.59
¥103.63
¥101.64
¥75.74
¥115.35
DPS
¥20.00
¥20.00
¥20.00
¥15.00
¥20.00
BPS
¥2,038.66
¥1,883.04
¥1,743.59
¥1,599.66
¥1,545.85
FCF/Share
¥-22
¥114
¥119
¥-3
¥-54
NCAV/Share
¥654
¥668
¥629
¥484
¥460
Payout Ratio
20.9%
19.3%
19.7%
19.8%
17.3%
No filings or capital allocation signals recorded for this company.
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 10
#
Shareholder
Shares (thou.)
% of Total
1
久野幸男
529
10.97%
2
Employee Stock Ownership Plan
協立エアテック社員持株会
488
10.12%
3
Sumitomo Life Insurance
住友生命保険相互会社
370
7.68%
4
協立エアテック協栄会
271
5.62%
5
㈱西日本シティ銀行
237
4.93%
6
THE BANK OF FUKUOKA, LTD.
㈱福岡銀行
234
4.86%
7
BNPパリバ(フランクフルト)2Sジャスデック・ジャーマン・レジデンツ (常任代理人 香港上海銀行東京支店)
187
3.88%
8
水元公仁
158
3.29%
9
㈱南陽
144
3.00%
10
アリウエル㈱
118
2.46%
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
56.8%
+1.2% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
久野幸男
10.88%
10.92%
10.97%
+0.05%
Employee Stock Ownership Plan
協立エアテック社員持株会
11.79%
10.76%
10.12%
-0.64%
Sumitomo Life Insurance
住友生命保険
7.70%
7.69%
7.68%
-0.01%
協立エアテック協栄会
5.13%
5.36%
5.62%
+0.26%
㈱西日本シティ銀行
4.95%
4.94%
4.93%
-0.01%
THE BANK OF FUKUOKA, LTD.
㈱福岡銀行
4.88%
4.87%
4.86%
-0.01%
BNPパリバ(フランクフルト)2Sジャスデック・ジャーマン・レジデンツ
NEW ENTRY
—
—
—
3.88%
NEW
水元公仁
3.30%
3.29%
3.29%
㈱南陽
3.01%
3.01%
3.00%
-0.01%
アリウエル
NEW ENTRY
—
—
—
2.46%
NEW
福岡商事
last seen 2024
Exited Top 10
2.46%
2.46%
—
サンベック
last seen 2024
Exited Top 10
2.29%
2.28%
—
Concentration (HHI)
ⓘ
423
402
402
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥1,232M
+183% since 2023
Holdings
10
Trend
7 building
vs 2023
Held Company
FY2025
¥1,232M total
FY2023
¥435M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Takasago Thermal Engineering Co., Ltd.
高砂熱学工業㈱
369
+108.2%
↑
83,135
129
39,922
DAI-DAN CO.,LTD.
ダイダン㈱
277
+211.1%
↑
111,851
51
35,959
ASAHI KOGYOSHA CO.,LTD.
朝日工業社㈱
158
+116.2%
↑
45,732
64
21,148
Taikisha Ltd.
㈱大気社
128
+109.6%
↑
38,867
76
18,539
TECHNO RYOWA LTD.
㈱テクノ菱和
102
15,300
21
15,300
譬ェ蠑丈シ夂、セ隘ソ譌・譛ャ繝輔ぅ繝翫Φ繧キ繝」繝ォ繝帙�シ繝ォ繝�繧」繝ウ繧ー繧ケ
㈱西日本フィナンシャルホールディングス
97
30,180
49
30,180
M
Shin Nippon Air Technologies Co., Ltd.
新日本空調㈱
79
+110.3%
↑
25,242
29
12,000
NANYO CORPORATION
㈱南陽
19
+100.0%
↑
13,000
14
6,500
M
第一生命ホールディングス㈱
2
+300.0%
↑
1,600
1
400
M
TAKADA CORPORATION
㈱高田工業所
1
500
1
500
Portfolio total
1,232
435
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding