6203
Howa Machinery, Ltd.
豊和工業株式会社
Industrials · Specialty Industrial Machinery
Howa Machinery, Ltd. engages in the manufacture and sale of machine tools, pneumatic and hydraulic equipment, electronic machines, sweepers, metal joinery fittings, and firearms in Japan. The company's machine tools include machining centers, transfer lines, and standard machine tool units for transfer lines; and pneumatic and hydraulic equipment comprises power chucks, rotating cylinders, rod less slit and magnetic type cylinders, hydraulic and pneumatic clamp cylinders, hydraulic jig cylinders, rotary actuators, and hydraulic cylinders. It also provides electronic machines, which include exposure systems for printed circuit boards, ceramic green sheet-related equipment, and testing systems for mounted circuit boards; sweepers used for cleaning in streets, factories, and public and leisure facilities; and sporting rifles. The company was formerly known as Howa Heavy Industries, Ltd. and changed its name to Howa Machinery, Ltd. in 1945. Howa Machinery, Ltd. was incorporated in 1907 and is headquartered in Kiyosu, 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
¥24.8B
¥19.8B
¥19.7B
¥19.7B
Cost of Sales
¥20.6B
¥16.3B
¥16.1B
¥15.7B
Gross Profit
¥4.2B
¥3.5B
¥3.6B
¥4.0B
SG&A
¥3.0B
¥3.1B
¥3.2B
¥3.0B
Operating Income
¥1.3B
¥388M
¥452M
¥988M
Non-Operating Income
¥262M
¥238M
¥242M
¥398M
Dividend Income
¥178M
¥147M
¥134M
¥112M
Interest Income
¥4M
¥2M
¥2M
¥1M
Non-Operating Expenses
¥102M
¥160M
¥72M
¥86M
Interest Expense
¥36M
¥17M
¥11M
¥12M
Ordinary Income
¥1.4B
¥466M
¥622M
¥1.3B
Pre-tax Income
¥1.2B
¥-868M
¥627M
¥1.3B
Income Taxes
¥457M
¥5M
¥102M
¥236M
Current Tax
¥469M
¥64M
¥75M
¥196M
Deferred Tax
¥-12M
¥-59M
¥26M
¥39M
Net Income (owners)
¥749M
¥-873M
¥524M
¥1.1B
Comprehensive Income
¥1.6B
¥219M
¥694M
¥1.3B
EBITDA
¥1.7B
¥984M
¥958M
¥1.4B
EPS
¥62.18
¥-72.49
¥43.56
¥86.08
Shares Outstanding
12.2M
12.0M
12.0M
12.0M
Shares Issued (total)
12.5M
12.5M
12.5M
12.5M
Treasury Shares
0.3M
0.5M
0.5M
0.5M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥34.1B
¥30.3B
¥27.6B
¥27.7B
Current Assets
¥21.6B
¥21.0B
¥18.8B
¥19.2B
Cash & Deposits
¥2.9B
¥3.9B
¥3.3B
¥4.4B
Trade Receivables
¥6.1B
¥3.5B
¥4.8B
¥3.6B
Non-Current Assets
¥12.4B
¥9.3B
¥8.8B
¥8.4B
PP&E
¥5.0B
¥3.2B
¥3.9B
¥3.7B
Intangible Assets
¥301M
¥406M
¥521M
¥568M
Investment Securities
¥6.5B
¥5.0B
¥3.8B
¥3.5B
Total Liabilities
¥15.3B
¥13.0B
¥10.3B
¥10.8B
Current Liabilities
¥8.4B
¥6.7B
¥6.6B
¥6.8B
ST Debt
¥3.5B
¥2.0B
¥1.5B
¥882M
Taxes Payable
¥478M
¥62M
¥63M
¥148M
Non-Current Liabilities
¥6.9B
¥6.2B
¥3.7B
¥4.0B
Total LT Borrowings
¥4.4B
¥4.1B
¥1.9B
¥2.2B
Pension Obligations
¥806M
¥819M
¥858M
¥954M
Deferred Tax Liab.
¥1.2B
¥799M
¥383M
¥278M
Total Equity
¥18.7B
¥17.3B
¥17.4B
¥16.9B
Capital Stock
¥9.0B
¥9.0B
¥9.0B
¥9.0B
Capital Surplus
—
¥0M
¥0M
—
Retained Earnings
¥6.7B
¥6.2B
¥7.3B
¥7.1B
Treasury Stock
¥-400M
¥-416M
¥-417M
¥-427M
AOCI
¥3.4B
¥2.5B
¥1.4B
¥1.2B
Equity (owners)
¥15.4B
¥14.8B
¥15.9B
¥15.7B
Total Interest-Bearing Debt ⓘ
¥7.8B
¥6.1B
¥3.4B
¥3.1B
Net Cash ⓘ
¥-4.9B
¥-2.2B
¥-30M
¥1.3B
NCAV ⓘ
¥6.3B
¥8.1B
¥8.5B
¥8.5B
NCAV/Share
¥514
¥671
¥706
¥703
BV/Share
¥1,255
¥1,231
¥1,324
¥1,301
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥55M
¥-1.1B
¥-506M
¥3.0B
Interest Paid
¥-40M
¥-17M
¥-11M
¥-11M
Interest Received
¥182M
¥149M
¥137M
¥113M
D&A
¥481M
¥596M
¥506M
¥431M
Investing CF
¥-2.6B
¥-871M
¥-608M
¥-544M
CapEx
¥2.4B
¥1.1B
¥561M
¥300M
Purchase Investments
¥-150M
¥-7M
¥-7M
¥-23M
Financing CF
¥1.5B
¥2.5B
¥22M
¥-1.6B
Dividends Paid
¥-241M
¥-241M
¥-240M
¥-248M
Share Buybacks
¥-137M
—
—
—
LT Debt Repaid
¥-1.0B
¥-912M
¥-732M
¥-659M
Free Cash Flow
¥-2.3B
¥-2.2B
¥-1.1B
¥2.7B
Net Change in Cash
¥-974M
¥561M
¥-1.1B
¥932M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
4.2%
-5.0%
3.1%
6.4%
ROA
2.3%
-3.0%
1.9%
3.8%
EPS
¥62.18
¥-72.49
¥43.56
¥86.08
DPS
¥20.00
¥20.00
¥20.00
¥20.00
BPS
¥1,553.55
¥1,438.82
¥1,440.76
¥1,403.57
FCF/Share
¥-190
¥-183
¥-89
¥228
NCAV/Share
¥514
¥671
¥706
¥703
Payout Ratio
32.2%
—
45.9%
23.2%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 8
Date Activist Stake Event Flag Demands Source
2025-09-24
fundnote
—
correction
Passive
—
2025-09-22
fundnote
—
exit
Passive
—
2025-08-22
fundnote
5.66%
initial_5pct
Passive
—
2025-02-06
Morgan Stanley MUFG Securities Co., Ltd.
4.06%
-2.8%
change
Passive
—
2025-01-21
Morgan Stanley & Co. International plc
7.0%
+1.78%
change
Passive
—
2025-01-09
Morgan Stanley MUFG Securities Co., Ltd.
6.86%
change
Passive
—
2024-12-19
Morgan Stanley & Co. International plc
5.22%
initial_5pct
Passive
—
2023-07-06
Sumitomo Mitsui Trust Bank,Limited
4.53%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 11
#
Shareholder
Shares (thou.)
% of Total
1
日本生命保険相互会社
524
4.29%
2
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC) (常任代理人 株式会社三菱UFJ銀行)
491
4.02%
3
豊和工業協力グループ持株会
472
3.86%
4
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行
390
3.19%
5
MSIP CLIENT SECURITIES (常任代理人 モルガン・スタンレーMUFG証券株式会社)
352
2.88%
6
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社
346
2.83%
7
株式会社三菱UFJ銀行
243
1.99%
8
三菱UFJモルガン・スタンレー証券株式会社
236
1.93%
9
株式会社SBI証券
233
1.91%
10
豊和工業従業員持株会
214
1.75%
Domestic Nominees
6.0%
-0.4% 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
22.6%
+3.9% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
日本生命保険
4.35%
4.35%
4.29%
-0.06%
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)
NEW ENTRY
—
—
—
4.02%
NEW
豊和工業協力グループ持株会
3.51%
3.80%
3.86%
+0.06%
日本カストディ銀行
↑
1.68%
0.95%
3.19%
+2.24%
MSIP CLIENT SECURITIES
NEW ENTRY
—
—
—
2.88%
NEW
日本マスタートラスト信託銀行
9.58%
5.46%
2.83%
-2.63%
式会社三菱UFJ銀行
2.02%
2.02%
1.99%
-0.03%
Morgan Stanley
NEW ENTRY
—
—
—
1.93%
NEW
式会社SBI証券
NEW ENTRY
—
—
—
1.91%
NEW
豊和工業従業員持株会
1.98%
1.98%
1.75%
-0.23%
JPモルガン証券
last seen 2024
Exited Top 10
4.68%
3.35%
—
明治安田生命保険
last seen 2024
Exited Top 10
—
1.24%
—
損害保険ジャパン
last seen 2024
Exited Top 10
1.49%
1.04%
—
式会社愛知銀行
last seen 2024
Exited Top 10
—
0.90%
—
MLI FOR CLIENT GENERAL OMNI NON COLLATERAL NON TREATY-PB
last seen 2023
Exited Top 10
2.03%
—
—
三井住友信託銀行
last seen 2023
Exited Top 10
1.80%
—
—
Concentration (HHI)
ⓘ
165
87
90
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥3,322M
+121% since 2023
Holdings
11
+1 new
Trend
3 building
vs 2023
Held Company
FY2025
¥3,322M total
FY2023
¥1,503M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
1,607
799,600
677
799,600
Sompo Holdings, Inc.
SOMPOホールディングス㈱
709
+200.0%
↑
156,987
274
52,329
三井住友トラストホールディングス㈱
287
+100.0%
↑
77,236
175
38,618
Aichi Financial Group Co., Ltd.
㈱あいちフィナンシャルグループ
146
51,433
110
51,433
MINO CERAMIC CO., LTD.
美濃窯業㈱
117
140,000
72
140,000
M
NAGOYA ELECTRIC WORKS CO.,LTD.
名古屋電機工業㈱
116
NEW
New
51,500
—
M
EIWA CORPORATION
英和㈱
97
44,000
56
44,000
M
OKAYA&CO.,LTD.
岡谷鋼機㈱
96
+245.0%
↑
13,800
41
4,000
M
KIKUKAWA ENTERPRISE,INC.
キクカワエンタープライズ㈱
66
11,200
41
11,200
M
Kikusui Chemical Industry Co., Ltd.
菊水化学工業㈱
42
111,000
42
111,000
M
The Bank of Nagoya, Ltd.
㈱名古屋銀行
39
5,000
15
5,000
M
Portfolio total
3,322
1,503
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding