6146
DISCO CORPORATION
株式会社ディスコ
Machinery
Disco Corporation manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally. Its precision machines include dicing saws, laser saws, grinders, polishers, wafer mounters, die separators, surface planers, and waterjet saws. The company also offers precision processing tools, such as dicing blades, grinding wheels, and dry polishing wheels; and other products, such as accessory equipment, cut-off wheels, and related products. In addition, it is involved in the maintenance, disassembly, and recycling of precision cutting, grinding, and polishing machines, as well as provides training services for the maintenance and operation of its machines. Further, the company leases precision machines; and purchases and sells used machines. Additionally, it manufactures and sells precision diamond abrasive tools; and offers chargeable processing services. The company was founded in 1937 and is based in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥393.3B
¥307.6B
¥284.1B
¥253.8B
Cost of Sales
¥115.7B
¥98.9B
¥99.6B
¥99.8B
Gross Profit
¥277.6B
¥208.6B
¥184.5B
¥154.0B
SG&A
¥110.7B
¥87.2B
¥74.1B
¥62.5B
Operating Income
¥166.8B
¥121.5B
¥110.4B
¥91.5B
Non-Operating Income
¥2.2B
¥1.8B
¥2.0B
¥2.1B
Interest Income
¥84M
¥79M
¥46M
¥49M
Non-Operating Expenses
¥138M
¥946M
¥49M
¥1.2B
Ordinary Income
¥168.9B
¥122.4B
¥112.3B
¥92.4B
Pre-tax Income
¥168.1B
¥114.6B
¥112.8B
¥92.3B
Income Taxes
¥44.1B
¥30.4B
¥29.9B
¥26.0B
Current Tax
¥47.9B
¥35.0B
¥31.0B
¥28.3B
Deferred Tax
¥-3.8B
¥-4.6B
¥-1.1B
¥-2.3B
Net Income (owners)
¥123.9B
¥84.2B
¥82.9B
¥66.2B
Minority Interest
¥184M
¥5M
¥22M
¥47M
Comprehensive Income
¥124.1B
¥89.3B
¥86.2B
¥68.6B
EBITDA
¥179.0B
¥132.5B
¥120.8B
¥100.1B
EPS
¥1,143.26
¥777.29
¥765.47
¥1,835.02
Shares Outstanding
108.4M
108.3M
36.1M
36.1M
Shares Issued (total)
108.4M
108.4M
36.1M
36.1M
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
¥654.1B
¥556.1B
¥468.8B
¥404.5B
Current Assets
¥424.5B
¥386.9B
¥305.1B
¥244.9B
Cash & Deposits
¥229.2B
¥215.5B
¥163.1B
¥125.8B
Trade Receivables
¥40.0B
¥43.2B
¥38.9B
¥36.7B
Non-Current Assets
¥229.6B
¥169.1B
¥163.7B
¥159.6B
PP&E
¥204.0B
¥147.5B
¥147.5B
¥144.4B
Intangible Assets
¥246M
¥261M
¥231M
¥256M
Investment Securities
¥3.5B
¥3.3B
¥2.8B
¥2.6B
Deferred Tax Assets
¥18.0B
¥14.0B
¥9.3B
¥8.4B
Total Liabilities
¥161.4B
¥149.5B
¥120.8B
¥110.7B
Current Liabilities
¥160.4B
¥148.7B
¥120.0B
¥109.9B
Accounts Payable
¥8.0B
¥7.7B
¥6.9B
¥8.0B
Taxes Payable
¥30.2B
¥19.5B
¥16.5B
¥19.9B
Non-Current Liabilities
¥991M
¥781M
¥781M
¥876M
Total Equity
¥492.7B
¥406.6B
¥348.0B
¥293.8B
Capital Stock
¥22.1B
¥21.8B
¥21.7B
¥21.6B
Capital Surplus
¥24.1B
¥23.8B
¥23.7B
¥23.6B
Retained Earnings
¥431.7B
¥346.3B
¥293.2B
¥242.5B
Treasury Stock
¥-47M
¥-41M
¥-32M
¥-32M
AOCI
¥13.3B
¥13.3B
¥8.3B
¥5.0B
Equity (owners)
¥477.8B
¥391.9B
¥338.5B
¥287.6B
Minority Interests
¥348M
¥195M
¥245M
¥269M
Net Cash ⓘ
¥229.2B
¥215.5B
¥163.1B
¥125.8B
NCAV ⓘ
¥263.1B
¥237.4B
¥184.4B
¥134.2B
NCAV/Share
¥2,427
¥2,192
¥5,107
¥3,719
BV/Share
¥4,408
¥3,617
¥9,377
¥7,970
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥120.4B
¥97.5B
¥81.8B
¥83.7B
Taxes Paid
¥-37.7B
¥-31.6B
¥-33.5B
¥-21.2B
Interest Received
¥93M
¥77M
¥39M
¥49M
D&A
¥12.2B
¥11.0B
¥10.4B
¥8.6B
Investing CF
¥-68.0B
¥-16.4B
¥-13.1B
¥-43.6B
CapEx
¥66.9B
¥16.1B
¥14.2B
¥43.6B
Proceeds from Invest.
—
—
¥29M
¥0M
Financing CF
¥-38.1B
¥-30.9B
¥-32.1B
¥-27.2B
Dividends Paid
¥-38.5B
¥-31.1B
¥-32.2B
¥-27.4B
Share Buybacks
—
—
—
¥0M
Free Cash Flow
¥53.5B
¥81.4B
¥67.6B
¥40.1B
Net Change in Cash
¥13.7B
¥52.4B
¥37.3B
¥16.0B
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
27.6%
22.4%
25.9%
24.3%
ROA
20.5%
16.4%
19.0%
16.4%
EPS
¥1,143.26
¥777.29
¥765.47
¥1,835.02
DPS
¥413.00
¥307.00
¥916.00
¥808.00
BPS
¥4,530.86
¥3,740.04
¥3,202.14
¥8,108.94
FCF/Share
¥494
¥751
¥1,872
¥1,110
NCAV/Share
¥2,427
¥2,192
¥5,107
¥3,719
Payout Ratio
36.1%
39.5%
119.7%
44.0%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 7
Date Activist Stake Event Flag Demands Source
2025-09-19
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
5.33%
-0.73%
change
Passive
—
2024-05-08
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
6.06%
-1.26%
change
Passive
—
2024-04-19
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
7.32%
change
Passive
—
2024-04-05
Nomura Securities Co.,Ltd.
5.48%
initial_5pct
Passive
—
2024-04-03
BlackRock Japan Co., Ltd.
6.26%
+1.04%
change
Passive
—
2023-09-22
APG Asset Management N.V.
4.0%
change
Passive
—
2023-06-06
BlackRock Japan Co., Ltd.
5.22%
initial_5pct
Passive
—
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
日本マスタートラスト 信託銀行株式会社(信託口)
17,652
16.28%
2
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
8,874
8.18%
3
株式会社ダイイチホールディングス
5,994
5.52%
4
OctagonLab
株式会社OctagonLab
5,562
5.13%
5
株式会社ダイイチ企業
5,044
4.65%
6
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)
2,667
2.46%
7
関家 一馬
2,100
1.93%
8
State Street Bank and Trust Company
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)
1,930
1.78%
9
THE BANK OF NWE YORK MELLON 140042 (常任代理人 株式会社みずほ銀行決済営業部)
1,902
1.75%
10
株式会社ブルーオーシャン
1,777
1.63%
Domestic Nominees
8.2%
-1.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
4.2%
-3.5% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
36.9%
+6.6% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
日本マスタートラスト 信託銀行
13.75%
13.10%
16.28%
+3.18%
Japan Custody Bank
日本カストディ銀行
11.51%
9.62%
8.18%
-1.44%
式会社ダイイチホールディングス
5.53%
5.53%
5.52%
-0.01%
OctagonLab
式会社OctagonLab
5.13%
5.13%
5.13%
式会社ダイイチ企業
5.11%
4.65%
4.65%
State Street
↑
4.39%
1.91%
4.24%
+2.33%
関家 一馬
1.93%
1.93%
1.93%
THE BANK OF NWE YORK MELLON
NEW ENTRY
—
—
—
1.75%
NEW
式会社ブルーオーシャン
NEW ENTRY
—
—
—
1.63%
NEW
BNY Mellon
last seen 2024
Exited Top 10
4.31%
3.16%
—
JP Morgan
last seen 2024
Exited Top 10
—
2.63%
—
Concentration (HHI)
ⓘ
446
367
438
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved