6247
HISAKA WORKS,LTD.
株式会社日阪製作所
Machinery
Hisaka Works, Ltd. manufactures and sells industrial machinery in Japan and internationally. It operates through Heat Exchanger, Process Engineering, and Valve segments. The Heat Exchanger segment offers multi gap plates, semi-welded plates, fin tubes, double-lined gasket plates, plate condensers, corrugated plate patterns, dual wall plates, brazed plate heat exchangers, and sea water solutions. This segment's products are used in various applications, such as general manufacturing, chemicals, pulp and paper, pure water, cooking oil, steelmaking, petroleum refining, ships, soda, electricity, beer, and sulfuric acid. The Process Engineering segment provides food machinery, such as sterilizers, evaporator-concentrator systems, factory automation systems, and testing machine and other equipment; pharmaceutical purposes sterilizers, pharmaceutical liquid continuous sterilizers, evaporation concentrator systems, pure steam generators, plant engineering, and development test laboratory; and dyeing and finishing machinery consisting of liquid dyeing, multi-purpose air jet processing, dyeing processing, beam-dyeing, and cheese dyeing/drying machines, as well as options for dyeing equipment. The Valve segment offers various valves, such as 2-way ball, 3-way ball, 4-way ball, and diaphragm valves. The Other segment engages in the solar power generation business. The company was formerly known as MITSUISHI Ind. and changed its name to Hisaka Works, Ltd. in August 1951. Hisaka Works, Ltd. was incorporated in 1942 and is headquartered in Osaka, Japan.
Price
¥1,401
Market Cap
¥38.2B
Ent. Value
¥30.3B
Net Cash
¥7.9B
Shares Out.
27.3M
P / E
10.3×
EV / EBIT
10.3×
⚠ TSE Capital Mandate
P / Book
0.64×
P / NCAV
2.39×
Div. Yield
3.21%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥38.4B | ¥34.2B | ¥34.1B | ¥30.1B |
| Cost of Sales | ¥28.6B | ¥25.9B | ¥26.4B | ¥23.2B |
| Gross Profit | ¥9.8B | ¥8.3B | ¥7.7B | ¥6.9B |
| SG&A | ¥6.8B | ¥5.8B | ¥5.8B | ¥5.1B |
| Operating Income | ¥2.9B | ¥2.5B | ¥1.9B | ¥1.8B |
| Non-Operating Income | ¥528M | ¥507M | ¥517M | ¥486M |
| Dividend Income | ¥422M | ¥395M | ¥378M | ¥339M |
| Interest Income | ¥26M | ¥16M | ¥10M | ¥8M |
| Non-Operating Expenses | ¥68M | ¥68M | ¥37M | ¥35M |
| Interest Expense | ¥18M | ¥3M | ¥1M | ¥0M |
| Ordinary Income | ¥3.4B | ¥2.9B | ¥2.4B | ¥2.3B |
| Pre-tax Income | ¥5.2B | ¥3.3B | ¥2.8B | ¥2.8B |
| Income Taxes | ¥1.3B | ¥789M | ¥786M | ¥689M |
| Current Tax | ¥1.4B | ¥694M | ¥835M | ¥704M |
| Deferred Tax | ¥-113M | ¥94M | ¥-48M | ¥76M |
| Net Income (owners) | ¥3.8B | ¥2.4B | ¥2.0B | ¥2.1B |
| Minority Interest | ¥94M | ¥51M | ¥12M | ¥10M |
| Comprehensive Income | ¥2.0B | ¥4.7B | ¥2.9B | ¥1.9B |
| EBITDA | ¥4.6B | ¥3.7B | ¥3.0B | ¥3.0B |
| Goodwill Amort. (J-GAAP) | ¥22M | ¥22M | ¥22M | ¥22M |
| EPS | ¥135.78 | ¥85.83 | ¥72.45 | ¥73.19 |
| Shares Outstanding | 27.3M | 28.2M | 28.2M | 28.1M |
| Shares Issued (total) | 28.7M | 32.7M | 32.7M | 32.7M |
| Treasury Shares | 1.5M | 4.5M | 4.6M | 4.6M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥82.7B | ¥82.0B | ¥71.0B | ¥67.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥38.7B | ¥38.6B | ¥35.3B | ¥35.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥12.9B | ¥13.8B | ¥14.9B | ¥17.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥8.1B | ¥7.8B | ¥7.0B | ¥5.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥44.0B | ¥43.4B | ¥35.7B | ¥31.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥27.1B | ¥24.0B | ¥19.6B | ¥15.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥35M | ¥57M | ¥79M | ¥101M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥1.3B | ¥613M | ¥512M | ¥627M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥12.4B | ¥16.2B | ¥13.3B | ¥12.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥22.7B | ¥21.7B | ¥14.7B | ¥12.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥14.8B | ¥12.9B | ¥11.9B | ¥10.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥2.8B | ¥3.7B | ¥3.2B | ¥3.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥1.3B | ¥308M | ¥509M | ¥537M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥7.9B | ¥8.8B | ¥2.8B | ¥2.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥5.0B | ¥5.0B | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥214M | ¥193M | ¥148M | ¥133M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥2.6B | ¥3.5B | ¥2.5B | ¥2.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥60.0B | ¥60.3B | ¥56.3B | ¥54.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥4.2B | ¥4.2B | ¥4.2B | ¥4.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥5.4B | ¥8.8B | ¥8.8B | ¥8.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥44.4B | ¥42.0B | ¥40.5B | ¥39.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-1.3B | ¥-3.9B | ¥-3.9B | ¥-4.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥7.0B | ¥8.9B | ¥6.6B | ¥5.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥52.6B | ¥51.1B | ¥49.5B | ¥48.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥374M | ¥317M | ¥146M | ¥137M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥5.0B | ¥5.0B | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥7.9B | ¥8.8B | ¥14.9B | ¥17.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥16.0B | ¥16.9B | ¥20.6B | ¥22.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥586 | ¥600 | ¥731 | ¥799 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥1,931 | ¥1,810 | ¥1,758 | ¥1,722 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥4.7B | ¥-461M | ¥1.5B | ¥3.1B |
| Taxes Paid | — | ¥-928M | ¥-808M | ¥-410M |
| Interest Paid | ¥-18M | ¥-2M | ¥-1M | ¥0M |
| Interest Received | ¥448M | ¥413M | ¥388M | ¥347M |
| D&A | ¥1.6B | ¥1.3B | ¥1.0B | ¥1.1B |
| Goodwill Amort. | ¥22M | ¥22M | ¥22M | ¥22M |
| Investing CF | ¥-3.3B | ¥-3.8B | ¥-2.8B | ¥-159M |
| Purchase Investments | ¥-5M | ¥-4M | ¥-4M | ¥-5M |
| Proceeds from Invest. | ¥2.3B | ¥919M | ¥1.1B | ¥772M |
| Financing CF | ¥-2.4B | ¥3.8B | ¥-1.0B | ¥-863M |
| Dividends Paid | ¥-1.2B | ¥-1.1B | ¥-983M | ¥-846M |
| Share Buybacks | ¥-1.0B | ¥0M | ¥0M | ¥0M |
| LT Debt Repaid | — | ¥-2M | ¥-3M | ¥-3M |
| Free Cash Flow | ¥4.7B | ¥-461M | ¥1.5B | ¥3.1B |
| Net Change in Cash | ¥-922M | ¥-351M | ¥-2.3B | ¥2.2B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 6.3% | 4.2% | 3.7% | 3.8% |
| ROA | 4.6% | 3.2% | 3.0% | 3.1% |
| EPS | ¥135.78 | ¥85.83 | ¥72.45 | ¥73.19 |
| DPS | ¥45.00 | ¥42.00 | ¥40.00 | ¥30.00 |
| BPS | ¥2,188.25 | ¥2,125.77 | ¥1,992.64 | ¥1,927.39 |
| FCF/Share | ¥173 | ¥-16 | ¥53 | ¥112 |
| NCAV/Share | ¥586 | ¥600 | ¥731 | ¥799 |
| Payout Ratio | 33.1% | 48.9% | 55.2% | 41.0% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 4
Capital Allocation Signals 2
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-19
14:30
|
Div Increase | ¥736M ¥28.0/sh +17% | Nihachi Manufacturing (6247) announced a year-end dividend of ¥28.00 per share for FY2026, representing a ¥4.00 increase… | |
|
Summary
Nihachi Manufacturing (6247) announced a year-end dividend of ¥28.00 per share for FY2026, representing a ¥4.00 increase from the prior year's ¥24.00, driven by strong earnings performance. Combined with the interim dividend of ¥27.00, total annual dividend reaches ¥55.00 per share, up from ¥45.00 year-over-year. The increase reflects the company's capital policy targeting a minimum DOE of 2.0% with payout ratio of 30% or above.
Deadline: 2026-06-08
YoY: +17%
Source (JP)
当期の期末配当につきましては、「資本政策の基本的な方針」に基づき、総合的に勘案した結果、前期末配当より4円増配の1株あたり 28 円とすることを決議いたしました。これにより、既に実施いたしました中間配当 27 円とあわせまして、年間配当は1株当たり 55 円となります。
剰余金の配当に関するお知らせ
TDnet PDF
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2026-05-15
14:30
|
Cost of Capital | ¥55.0/sh +22% | HISAKA Manufacturing disclosed a capital cost-conscious management progress report showing PBR improvement to 0.64x (fro… | |
|
Summary
HISAKA Manufacturing disclosed a capital cost-conscious management progress report showing PBR improvement to 0.64x (from 0.41x in FY2022) and announced FY2026 dividend increase to ¥55/share (from ¥45/share), representing a 22.2% year-over-year increase. The company targets ROE of 7%+ by FY2029 and 8%+ by FY2031, with PBR of 1.0x or above by FY2031, while strengthening shareholder returns through ¥80-110 billion total allocation over the new three-year medium-term plan.
YoY: +22%
Source (JP)
2026年3月期の配当につきましては、創業以来初の400億円超の売上高を達成したことなどを踏まえ、1株当たり45円から55円に増配し、期末配当28円を2026年6月にお支払いする予定です。
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(進捗報告)
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)
|
3,154,700 | 11.57% |
| 2 |
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505103 (常任代理人 株式会社みずほ銀行決済営業部)
|
1,020,678 | 3.74% |
| 3 |
Nippon Life Insurance
日本生命保険相互会社 (常任代理人 日本マスタートラスト信託銀行株式会社)
|
960,770 | 3.52% |
| 4 |
MUFG Bank
株式会社三菱UFJ銀行
|
912,640 | 3.34% |
| 5 |
Inaba Denki Sangyo Co., Ltd.
因幡電機産業株式会社
|
910,802 | 3.34% |
| 6 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
849,900 | 3.11% |
| 7 |
Stock Ownership Plan
日阪製作所協力業者持株会
|
702,186 | 2.57% |
| 8 |
TAKUMA CO., LTD.
株式会社タクマ
|
642,000 | 2.35% |
| 9 | 日阪製作所従業員持株会 | 638,291 | 2.34% |
| 10 |
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)
|
474,418 | 1.74% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
14.7%
+2.3% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
5.5%
+2.9% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
17.5%
-3.3% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 37.6% · 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 | 8.18% | 8.84% | 11.57% +2.73% | |
| State Street ↑ | 2.21% | 2.60% | 5.48% +2.88% | |
| Nippon Life Insurance 日本生命保険 | 3.40% | 3.40% | 3.52% +0.12% | |
| MUFG Bank 式会社三菱UFJ銀行 | 3.23% | 3.23% | 3.34% +0.11% | |
| Inaba Denki Sangyo Co., Ltd. 因幡電機産業 | 3.23% | 3.22% | 3.34% +0.12% | |
| Japan Custody Bank 日本カストディ銀行 | 6.11% | 3.57% | 3.11% -0.46% | |
| Stock Ownership Plan 日阪製作所協力業者持株会 | 2.40% | 2.38% | 2.57% +0.19% | |
| TAKUMA CO., LTD. 式会社タクマ | 2.27% | 2.27% | 2.35% +0.08% | |
| 日阪製作所従業員持株会 NEW ENTRY | 2.04% | — | 2.34% NEW | |
| 日鉄ステンレス last seen 2024 | Exited Top 10 | 4.96% | 3.79% | — |
| LIM JAPAN EVENT MASTER FUND last seen 2024 | Exited Top 10 | — | 2.46% | — |
| Concentration (HHI) ⓘ | 181 | 161 | 226 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥11,578M
-8% since 2023
Holdings
27
+1 new
8 exited
Trend
3 unwinding
vs 2023
| Held Company | FY2025 ¥11,578M total | FY2023 ¥12,573M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Inaba Denki Sangyo Co., Ltd.
因幡電機産業㈱
|
2,420 |
636,968
|
1,840 | 636,968 | M |
|
Torishima Pump Mfg.Co.,Ltd.
㈱酉島製作所
|
1,266 |
619,900
|
972 | 619,900 | M |
|
Shin Nippon Air Technologies Co., Ltd.
新日本空調㈱
|
994 |
+100.0%
↑
569,400
|
530 | 284,700 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
962 |
478,640
|
405 | 478,640 | M |
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業㈱
|
807 |
-47.1%
↓
50,000
|
2,235 | 94,500 | M |
|
TAKUMA CO., LTD.
㈱タクマ
|
631 |
344,000
|
456 | 344,000 | M |
|
TOTECH CORPORATION
東テク㈱
|
599 |
+200.0%
↑
246,000
|
358 | 82,000 | M |
|
House Foods Group Headquarters Co., Ltd.
ハウス食品グループ本社㈱
|
535 |
196,500
|
552 | 196,500 | M |
|
ZERIA PHARMCEUTICAL CO., LTD.
ゼリア新薬工業㈱
|
473 |
210,000
|
471 | 210,000 | M |
|
THE JAPAN WOOL TEXTILE CO., LTD.
日本毛織㈱
|
414 |
267,000
|
263 | 267,000 | M |
|
ROHTO PHARMACEUTICAL CO.,LTD.
ロート製薬㈱
|
346 |
154,800
|
428 | 154,800 | M |
|
Nippon Pillar Packing Co., Ltd.
㈱PILLAR
|
335 |
NEW
New
100,840
|
— | M | |
|
Namura Shipbuilding Co.,Ltd.
㈱名村造船所
|
320 |
140,100
|
48 | 140,100 | M |
|
NIPPON STEEL CORPORATION
日本製鉄㈱
|
319 |
100,000
|
312 | 100,000 | M |
|
KOMATSU MATERE Co., Ltd.
小松マテーレ㈱
|
301 |
383,500
|
264 | 383,500 | M |
|
Shinwa Co., Ltd.
㈱進和
|
175 |
60,500
|
127 | 60,500 | M |
|
Techno Smart Corp.
㈱テクノスマート
|
158 |
95,000
|
151 | 95,000 | M |
|
Raise Next Co., Ltd.
レイズネクスト㈱
|
149 |
-33.6%
↓
98,700
|
216 | 148,700 | M |
|
Espec Co., Ltd.
エスペック㈱
|
110 |
46,200
|
94 | 46,200 | M |
|
ASAHIMATSU FOODS CO.,LTD.
旭松食品㈱
|
98 |
42,600
|
93 | 42,600 | M |
|
seiren co.,ltd.
セーレン㈱
|
69 |
-76.9%
↓
28,166
|
284 | 121,917 | |
|
FURUBAYASHI SHIKO CO.,LTD.
古林紙工㈱
|
39 |
19,100
|
37 | 19,100 | M |
|
SOTOHCO.,LTD.
㈱ソトー
|
32 |
48,000
|
39 | 48,000 | |
|
MOLITEC STEEL CO.,LTD.
モリテックスチール㈱
|
17 |
100,000
|
31 | 100,000 | M |
|
KANEKA CORPORATION
㈱カネカ
|
9 |
+20.3%
↑
2,499
|
7 | 2,077 | |
| ㈱大氣社 | — | — | |||
| ㈱ササクラ | — | — | M | ||
|
HIRANO TECSEED CO.,LTD.
㈱ヒラノテクシード
|
— |
−100%
Exit
—
|
28 | 13,750 | M |
|
YAKULT HONSHA CO.,LTD.
㈱ヤクルト本社
|
— |
−100%
Exit
—
|
278 | 28,900 | M |
|
FUJICCO CO., LTD.
フジッコ㈱
|
— |
−100%
Exit
—
|
554 | 298,831 | M |
|
TSUBAKIMOTO KOGYO CO.,LTD.
椿本興業㈱
|
— |
−100%
Exit
—
|
620 | 150,000 | M |
| 日本ピラー工業㈱ | — |
−100%
Exit
—
|
531 | 141,840 | M |
|
Nihon Tokushu Toryo Co., Ltd.
日本特殊塗料㈱
|
— |
−100%
Exit
—
|
199 | 212,000 | M |
|
japan foundation engineering co.,ltd.
日本基礎技術㈱
|
— |
−100%
Exit
—
|
108 | 209,000 | M |
|
Otsuka Holdings Co., Ltd.
大塚ホールディングス㈱
|
— |
−100%
Exit
—
|
42 | 10,000 | |
| Portfolio total | 11,578 | 12,573 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding