6101
TSUGAMI CORPORATION
株式会社ツガミ
Machinery
Tsugami Corporation, together with its subsidiaries, manufactures and sells precision machine tools in Japan. The company offers CNC precision automatic lathes, including independent opposed gang tool post, gang-tool post and turret, precision gang tool post, and vertical gang tool post; and CNC lathes. It also offers turning center products, including bar and chuck work; machining center products comprising vertical and horizontal machining centers; precision grinding machines, such as CNC precision cylindrical, small and carbide grinding machines; and precision thread and rolling machines. In addition, the company inspects and maintains buildings and facilities of factories; repair services; and operates as a non-life insurance agency, as well as undertakes various business activities, such as research on individual companies and other services. The company serves various industries, including electronics, information and telecommunications, and automotive industries. It also operates in China, Thailand, South Korea, Singapore, the Philippines, India, the United States, Switzerland, Germany, France, Italy, and Mexico. The company was formerly known as Tsugami Mfg., Co., Ltd. and changed its name to Tsugami Corporation in November 1970. Tsugami Corporation was incorporated in 1937 and is headquartered in Tokyo, Japan.
Price
¥6,320
Market Cap
¥299.6B
Ent. Value
¥283.3B
Net Cash
¥16.2B
Shares Out.
47.4M
P / E
27.3×
EV / EBIT
12.2×
P / Book
—
P / NCAV
5.03×
Div. Yield
0.93%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥107.4B | ¥83.9B | ¥95.0B | ¥93.2B |
| Cost of Sales | ¥71.1B | ¥60.3B | ¥68.2B | ¥65.0B |
| Gross Profit | ¥36.4B | ¥23.7B | ¥26.8B | ¥28.2B |
| SG&A | ¥14.3B | ¥11.8B | ¥11.0B | ¥10.2B |
| Operating Income | ¥23.3B | ¥13.1B | ¥16.8B | ¥18.9B |
| Non-Operating Income | ¥741M | ¥1.1B | ¥394M | ¥328M |
| Non-Operating Expenses | ¥341M | ¥370M | ¥683M | ¥412M |
| Pre-tax Income | ¥23.7B | ¥13.8B | ¥16.5B | ¥18.8B |
| Net Income (owners) | ¥10.9B | ¥5.4B | ¥7.7B | ¥9.5B |
| Minority Interest | ¥5.3B | ¥2.8B | ¥3.1B | ¥3.1B |
| Comprehensive Income | ¥14.6B | ¥12.8B | ¥11.6B | ¥17.8B |
| EBITDA | ¥25.5B | ¥15.1B | ¥18.8B | ¥20.7B |
| EPS | ¥231.55 | ¥112.57 | ¥159.39 | ¥191.99 |
| Shares Outstanding | 47.4M | 47.5M | 48.2M | 48.4M |
| Shares Issued (total) | 48.0M | 50.0M | 50.0M | 50.0M |
| Treasury Shares | 0.6M | 2.5M | 1.8M | 1.6M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥127.3B | ¥117.7B | ¥112.4B | ¥103.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥102.8B | ¥92.9B | ¥90.4B | ¥82.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥27.7B | ¥30.5B | ¥25.8B | ¥18.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥24.5B | ¥24.8B | ¥22.0B | ¥21.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥16.5B | ¥16.3B | ¥14.2B | ¥14.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥166M | ¥359M | ¥615M | ¥903M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥619M | ¥461M | ¥455M | ¥308M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥43.2B | ¥45.4B | ¥47.4B | ¥45.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥38.3B | ¥40.0B | ¥43.7B | ¥42.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥11.5B | ¥16.8B | ¥17.7B | ¥13.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥4.9B | ¥5.3B | ¥3.8B | ¥3.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥3.1B | ¥3.6B | ¥2.1B | ¥1.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥84.1B | ¥72.4B | ¥64.9B | ¥57.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥2.9B | ¥2.9B | ¥3.0B | ¥3.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥39.8B | ¥34.1B | ¥30.9B | ¥25.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-861M | ¥-3.0B | ¥-2.2B | ¥-2.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥8.7B | ¥10.3B | ¥6.9B | ¥6.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥62.9B | ¥56.6B | ¥51.0B | ¥45.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥21.2B | ¥15.8B | ¥14.0B | ¥12.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥11.5B | ¥16.8B | ¥17.7B | ¥13.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥16.2B | ¥13.7B | ¥8.1B | ¥5.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥59.6B | ¥47.6B | ¥42.9B | ¥36.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥1,258 | ¥1,001 | ¥891 | ¥746 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥1,327 | ¥1,191 | ¥1,058 | ¥942 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥8.9B | ¥11.9B | ¥8.3B | ¥6.3B |
| D&A | ¥2.2B | ¥2.0B | ¥2.0B | ¥1.8B |
| Investing CF | ¥-2.0B | ¥-2.6B | ¥-1.3B | ¥-3.0B |
| CapEx | ¥2.0B | ¥2.4B | ¥1.1B | ¥2.4B |
| Purchase Investments | ¥-2M | ¥-2M | ¥-2M | ¥-1M |
| Financing CF | ¥-8.8B | ¥-6.7B | ¥-379M | ¥-3.5B |
| Free Cash Flow | ¥6.8B | ¥9.5B | ¥7.2B | ¥3.9B |
| Net Change in Cash | ¥-2.8B | ¥4.7B | — | — |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 9
Capital Allocation Signals 3
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-13
13:00
|
Buyback | ¥1.5B ¥5000.0/sh 0.7% | Tsugami CORPORATION board resolved on 2026-05-13 to conduct a new share buyback program authorizing acquisition of up to… | |
|
Summary
Tsugami CORPORATION board resolved on 2026-05-13 to conduct a new share buyback program authorizing acquisition of up to 300,000 shares (0.65% of outstanding shares) for a maximum aggregate price of ¥1.5 billion through open market purchases on the Tokyo Stock Exchange through 2026-11-11. The company previously completed a buyback program (Nov 2025-May 2026) acquiring 429,200 shares for ¥1.28 billion, representing 85.84% and 98.48% consumption of authorized quantities and budget respectively.
Deadline: 2026-11-11
% of Shares: 0.7%
Shares: 300,000
Source (JP)
取得し得る株式の総数 300千株(上限)、株式の取得価額の総額 1,500百万円(上限)、取得期間 2026年5月13日~2026年11月11日
自己株式の取得終了・取得結果および自己株式取得に係る事項の決定に関するお知らせ
TDnet PDF
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2026-05-13
13:00
|
Div Increase | ¥2.3B ¥49.0/sh +53% | Tsugami Corporation announced a year-end dividend of ¥49.00 per share for the fiscal year ending March 31, 2026, based o… | |
|
Summary
Tsugami Corporation announced a year-end dividend of ¥49.00 per share for the fiscal year ending March 31, 2026, based on a board resolution on May 13, 2026. Total dividend payout is ¥2,283 million from retained earnings. This represents a 53.1% increase versus the prior year's ¥32.00 per share, with annual dividend rising to ¥85.00 from ¥59.00.
YoY: +53%
Source (JP)
当社は、2026年5月13日開催の取締役会において、下記のとおり、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。1株当たり配当金49円00銭
剰余金の配当に関するお知らせ
TDnet PDF
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|
2026-05-13
13:00
|
Cost of Capital | — | Tsugami Corporation disclosed its mid-to-long-term management policy focused on cost-of-capital and stock price awarenes… | |
|
Summary
Tsugami Corporation disclosed its mid-to-long-term management policy focused on cost-of-capital and stock price awareness. The company targets stable ROE exceeding its 9-11% weighted average cost of capital (WACC), with FY2026/3 ROE at 23.4%. Strategy centers on geographic diversification (China, India, Southeast Asia), asset efficiency improvements, and balanced shareholder returns through dividend increases and opportunistic share buybacks.
Source (JP)
株主資本コストを上回るROEを安定的に維持し株主価値の向上を実現。株主資本コストは9~11%。中国やインドの成長市場へリソースを集中。一株配当金の安定的な増額と継続的な自己株式取得によるEPSの改善に努める。
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)
|
6,865 | 14.49% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
3,053 | 6.44% |
| 3 |
Daishi Hokuetsu Bank,Ltd.
株式会社第四北越銀行
|
2,184 | 4.61% |
| 4 |
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
|
1,516 | 3.20% |
| 5 |
Dai-ichi Life Insurance
第一生命保険株式会社 (常任代理人 株式会社日本カストディ銀行)
|
1,470 | 3.10% |
| 6 |
THE BANK OF NEW YORK
THE BANK OF NEW YORK 133652 (常任代理人 株式会社みずほ銀行決済営業部)
|
1,352 | 2.85% |
| 7 |
Business Partner Stock Ownership Plan
ツガミ取引先持株会
|
1,155 | 2.44% |
| 8 | JPモルガン証券株式会社 | 982 | 2.07% |
| 9 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行決済営業部)
|
868 | 1.83% |
| 10 | ダイキン工業株式会社 | 717 | 1.51% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
20.9%
+3.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
4.7%
-2.8% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
16.9%
+3.6% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 42.5% · 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 | 14.94% | 13.67% | 14.49% +0.82% | |
| Japan Custody Bank 日本カストディ銀行 | 5.86% | 3.75% | 6.44% +2.69% | |
| Daishi Hokuetsu Bank,Ltd. 式会社第四北越銀行 | 4.53% | 4.60% | 4.61% +0.01% | |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 3.14% | 3.19% | 3.20% +0.01% | |
| Dai-ichi Life Insurance 第一生命保険 | 3.70% | 3.09% | 3.10% +0.01% | |
| BNY Mellon | 5.15% | 3.66% | 2.85% -0.81% | |
| Business Partner Stock Ownership Plan ツガミ取引先持株会 | 2.38% | 2.48% | 2.44% -0.04% | |
| JPモルガン証券 NEW ENTRY | — | — | — | 2.07% NEW |
| State Street NEW ENTRY | — | — | — | 1.83% NEW |
| ダイキン工業 NEW ENTRY | 1.48% | — | 1.51% NEW | |
| JP Morgan last seen 2024 | Exited Top 10 | 4.02% | 2.06% | — |
| Northern Trust last seen 2024 | Exited Top 10 | — | 1.71% | — |
| Concentration (HHI) ⓘ | 352 | 269 | 317 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥4,349M
+5% since 2023
Holdings
12
1 exited
Trend
3 building
vs 2023
| Held Company | FY2025 ¥4,349M total | FY2023 ¥4,142M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
FANUC CORPORATION
ファナック㈱
|
1,015 |
+400.0%
↑
250,000
|
1,190 | 50,000 | M |
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業㈱
|
753 |
46,700
|
1,104 | 46,700 | M |
|
Yamazaki Co., Ltd.
㈱山善
|
658 |
500,000
|
508 | 500,000 | M |
|
YUASA TRADING CO.,LTD.
ユアサ商事㈱
|
453 |
100,000
|
378 | 100,000 | M |
|
Daishi Hokuetsu Financial Group,Inc.
㈱第四北越フィナンシャルグループ
|
337 |
+102.1%
↑
106,904
|
152 | 52,900 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
271 |
134,800
|
114 | 134,800 | M |
|
MINEBEA MITSUMI Inc.
ミネベアミツミ㈱
|
217 |
100,000
|
251 | 100,000 | M |
|
THK CO., LTD.
THK㈱
|
214 |
59,000
|
180 | 59,000 | M |
| ㈱八十二銀行 | 206 |
196,000
|
112 | 196,000 | M |
| 第一生命ホールディングス㈱ | 175 |
38,700
|
94 | 38,700 | M |
|
OKASAN SECURITIES GROUP INC.
㈱岡三証券グループ
|
28 |
42,739
|
20 | 42,739 | M |
|
TOMITA CO.LTD.
㈱トミタ
|
22 |
+8.7%
↑
16,318
|
15 | 15,013 | |
|
Teikoku Tsushin Kogyo Co.,Ltd
帝国通信工業㈱
|
— |
−100%
Exit
—
|
24 | 16,000 | M |
| Portfolio total | 4,349 | 4,142 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding