6309
TOMOE ENGINEERING CO.,LTD.
巴工業株式会社
Industrials · Specialty Industrial Machinery
Tomoe Engineering Co., Ltd., together with its subsidiaries, manufactures and sells chemicals, machinery, and equipment in Japan, Asia, and internationally. The company offers plastics, fine chemicals, minerals, and industrial, advanced, and electronic materials for various applications, including packing/conveyance, adhesion, water sealing/waterproofing, industrial materials, electronic materials/device, related parts, coating, grinding, measurement, jigs/tools, painting, and others. It also provides centrifuges, rotary snails, gravity belt thickener, and grinder for impurities for wastewater and sludge treatment, food, animal feed, pharmaceuticals, chemistry, recycling, energy, steel making, biology, civil engineering, and architecture industries. The company also exports its products. The company was incorporated in 1941 and is headquartered in Tokyo, Japan.
Price
¥1,695
Market Cap
¥50.7B
Ent. Value
—
Net Cash
est
—
Shares Out.
29.9M
P / E
13.2×
EV / EBIT
—
P / Book
1.19×
P / NCAV
1.81×
Div. Yield
6.43%
Financials
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥59.4B | ¥52.1B | ¥49.6B | ¥45.6B | ¥45.1B |
| Cost of Sales | ¥44.4B | ¥38.6B | ¥37.1B | ¥34.5B | ¥35.0B |
| Gross Profit | ¥15.0B | ¥13.5B | ¥12.5B | ¥11.1B | ¥10.1B |
| SG&A | ¥9.6B | ¥8.8B | ¥8.5B | ¥7.8B | ¥7.3B |
| Operating Income | ¥5.4B | ¥4.7B | ¥4.0B | ¥3.3B | ¥2.8B |
| Non-Operating Income | ¥101M | ¥98M | ¥118M | ¥139M | ¥84M |
| Dividend Income | ¥61M | ¥51M | ¥49M | ¥44M | ¥34M |
| Interest Income | ¥10M | ¥15M | ¥19M | ¥3M | ¥3M |
| Non-Operating Expenses | ¥52M | ¥26M | ¥51M | ¥17M | ¥23M |
| Interest Expense | ¥1M | ¥0M | ¥2M | ¥5M | ¥2M |
| Ordinary Income | ¥5.4B | ¥4.8B | ¥4.1B | ¥3.4B | ¥2.9B |
| Pre-tax Income | ¥5.5B | ¥4.7B | ¥4.0B | ¥3.9B | ¥3.0B |
| Income Taxes | ¥1.6B | ¥1.1B | ¥1.3B | ¥1.2B | ¥884M |
| Current Tax | ¥1.7B | ¥1.6B | ¥1.3B | ¥1.2B | ¥1.0B |
| Deferred Tax | ¥-92M | ¥-515M | ¥-4M | ¥27M | ¥-118M |
| Net Income (owners) | ¥3.9B | ¥3.6B | ¥2.7B | ¥2.7B | ¥2.1B |
| Comprehensive Income | ¥4.9B | ¥3.8B | ¥3.1B | ¥3.0B | ¥2.7B |
| EBITDA | ¥5.7B | ¥5.1B | ¥4.4B | ¥3.7B | ¥3.2B |
| EPS | ¥128.66 | ¥362.40 | ¥273.95 | ¥266.53 | ¥211.30 |
| Shares Outstanding | 29.9M | 10.0M | 10.0M | 10.0M | 10.0M |
| Shares Issued (total) | 29.9M | 10.5M | 10.5M | 10.5M | 10.5M |
| Treasury Shares | 0.0M | 0.6M | 0.6M | 0.6M | 0.6M |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥56.4B | ¥53.2B | ¥49.0B | ¥45.7B | ¥43.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥41.8B | ¥42.2B | ¥39.0B | ¥36.0B | ¥33.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥13.4B | ¥14.9B | ¥13.5B | ¥10.7B | ¥12.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥13.5B | ¥13.7B | ¥13.1B | ¥13.3B | — | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥14.6B | ¥10.9B | ¥10.0B | ¥9.8B | ¥9.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥7.8B | ¥5.7B | ¥5.5B | ¥5.8B | ¥5.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥75M | ¥104M | ¥136M | ¥87M | ¥81M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥2.2B | ¥1.5B | ¥1.5B | ¥1.3B | ¥1.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥15M | ¥24M | ¥12M | ¥6M | ¥14M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥13.6B | ¥13.8B | ¥12.2B | ¥11.4B | ¥11.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥12.7B | ¥13.2B | ¥11.4B | ¥10.7B | ¥10.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥4.6B | ¥5.0B | ¥4.3B | ¥4.6B | ¥4.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥1.0B | ¥949M | ¥732M | ¥770M | ¥775M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥955M | ¥591M | ¥815M | ¥679M | ¥742M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥96M | ¥84M | ¥86M | ¥74M | ¥68M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥860M | ¥507M | ¥728M | ¥599M | ¥668M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥42.7B | ¥39.4B | ¥36.8B | ¥34.4B | ¥31.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥1.1B | ¥1.1B | ¥1.1B | ¥1.1B | ¥1.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥1.5B | ¥1.5B | ¥1.5B | ¥1.5B | ¥1.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥37.2B | ¥35.2B | ¥32.9B | ¥30.9B | ¥28.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-3M | ¥-364M | ¥-364M | ¥-364M | ¥-364M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥3.0B | ¥1.9B | ¥1.7B | ¥1.3B | ¥939M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥39.7B | ¥37.4B | ¥35.1B | ¥33.1B | ¥30.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥13.4B | ¥14.9B | ¥13.5B | ¥10.7B | ¥12.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥28.1B | ¥28.4B | ¥26.9B | ¥24.6B | ¥22.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥939 | ¥2,846 | ¥2,691 | ¥2,468 | ¥2,204 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥1,327 | ¥3,749 | ¥3,519 | ¥3,313 | ¥3,097 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥2.4B | ¥3.4B | ¥3.5B | ¥-1.7B | ¥2.1B |
| Taxes Paid | ¥-1.7B | ¥-1.4B | ¥-1.3B | ¥-1.2B | ¥-440M |
| Interest Paid | ¥-1M | ¥-0M | ¥-2M | ¥-5M | ¥-2M |
| Interest Received | ¥71M | ¥67M | ¥68M | ¥46M | ¥36M |
| D&A | ¥378M | ¥357M | ¥393M | ¥376M | ¥381M |
| Investing CF | ¥-2.5B | ¥-630M | ¥-99M | ¥60M | ¥-977M |
| CapEx | ¥2.5B | ¥508M | ¥156M | ¥240M | ¥1.0B |
| Purchase Investments | ¥-2M | ¥-1M | ¥-2M | ¥-15M | ¥-20M |
| Proceeds from Invest. | ¥3M | ¥90M | ¥138M | ¥12M | ¥48M |
| Financing CF | ¥-1.5B | ¥-1.3B | ¥-679M | ¥-499M | ¥-494M |
| Dividends Paid | ¥-1.5B | ¥-1.3B | ¥-679M | ¥-499M | ¥-494M |
| Share Buybacks | ¥-0M | — | — | ¥-0M | ¥-0M |
| Free Cash Flow | ¥-129M | ¥2.9B | ¥3.4B | ¥-2.0B | ¥1.1B |
| Net Change in Cash | ¥-1.6B | ¥1.4B | ¥2.8B | ¥-1.9B | ¥750M |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 9.4% | 9.5% | 7.7% | 8.0% | 6.9% |
| ROA | 7.0% | 7.1% | 5.8% | 6.0% | 4.9% |
| EPS | ¥128.66 | ¥362.40 | ¥273.95 | ¥266.53 | ¥211.30 |
| DPS | ¥109.00 | ¥145.00 | ¥110.00 | ¥53.00 | ¥50.00 |
| BPS | ¥1,427.68 | ¥3,943.70 | ¥3,691.32 | ¥3,446.27 | ¥3,191.07 |
| FCF/Share | ¥-4 | ¥286 | ¥336 | ¥-198 | ¥114 |
| NCAV/Share | ¥939 | ¥2,846 | ¥2,691 | ¥2,468 | ¥2,204 |
| Payout Ratio | 84.7% | 40.0% | 40.2% | 19.9% | 23.7% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 10
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行㈱
|
2,525 | 8.43% |
| 2 | UH Partners 2投資事業有限責任組合 | 2,037 | 6.80% |
| 3 | 光通信KK投資事業有限責任組合 | 1,925 | 6.43% |
| 4 |
Business Partner Stock Ownership Plan
巴工業取引先持株会
|
946 | 3.16% |
| 5 | 山口 温子 | 942 | 3.14% |
| 6 | 野田 眞利子 | 891 | 2.97% |
| 7 |
Employee Stock Ownership Plan
巴工業従業員持株会
|
695 | 2.32% |
| 8 | エスアイエル投資事業有限責任組合 | 668 | 2.23% |
| 9 |
Mizuho Bank
㈱みずほ銀行
|
500 | 1.67% |
| 10 | 土肥 幸子 | 491 | 1.64% |
as of 2025-10-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
8.4%
+0.8% 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
30.4%
-7.9% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 38.8% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 日本マスタートラスト信託銀行 | 6.31% | 7.63% | 8.43% +0.80% | |
| UH Partners 2投資事業有限責任組合 NEW ENTRY | — | — | — | 6.80% NEW |
| 光通信KK投資事業有限責任組合 NEW ENTRY | — | — | — | 6.43% NEW |
| Business Partner Stock Ownership Plan 巴工業取引先持株会 | 5.57% | 5.59% | 3.16% -2.43% | |
| 山口 温子 | 3.14% | 3.14% | 3.14% | |
| 野田 眞利子 | 3.97% | 3.97% | 2.97% -1.00% | |
| Employee Stock Ownership Plan 巴工業従業員持株会 | 3.01% | 3.05% | 2.32% -0.73% | |
| エスアイエル投資事業有限責任組合 NEW ENTRY | — | — | — | 2.23% NEW |
| Mizuho Bank みずほ銀行 | 3.93% | 3.93% | 1.67% -2.26% | |
| 土肥 幸子 NEW ENTRY | — | — | — | 1.64% NEW |
| 光通信 last seen 2024 | Exited Top 10 | 7.48% | 7.48% | — |
| UH Partners 2 ㈱UH Partners 2 last seen 2024 | Exited Top 10 | 6.73% | 6.80% | — |
| ㈱エスアイエル last seen 2024 | Exited Top 10 | 2.23% | 2.23% | — |
| ㈲巴企画 last seen 2024 | Exited Top 10 | 2.46% | 2.10% | — |
| Concentration (HHI) ⓘ | 233 | 251 | 203 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥2,135M
+54% since 2023
Holdings
29
+3 new
8 exited
Trend
6 building
vs 2023
| Held Company | FY2025 ¥2,135M total | FY2023 ¥1,390M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
TSUKISHIMA HOLDINGS CO., LTD.
月島ホールディングス㈱
|
605 |
237,000
|
302 | 237,000 | M |
|
CHUGOKU MARINE PAINTS,LTD.
中国塗料㈱
|
244 |
59,000
|
80 | 59,000 | |
|
IBIDEN CO.,LTD.
イビデン㈱
|
199 |
+1.2%
↑
13,587
|
85 | 13,428 | |
|
TOSOH CORPORATION
東ソー㈱
|
150 |
68,100
|
125 | 68,100 | M |
|
NOZAWA CORPORATION
㈱ノザワ
|
116 |
+2.5%
↑
114,652
|
94 | 111,909 | M |
|
Asahi Kasei Corporation
旭化成㈱
|
107 |
90,300
|
83 | 90,300 | |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
90 |
38,430
|
48 | 38,430 | |
|
ORGANO CORPORATION
オルガノ㈱
|
74 |
5,600
|
28 | 5,600 | |
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
65 |
+200.0%
↑
15,678
|
38 | 5,226 | |
|
Kyokuto Boeki Kaisha, Limited
極東貿易㈱
|
59 |
33,200
|
59 | 33,200 | |
|
AGC Inc.
AGC㈱
|
58 |
12,000
|
61 | 12,000 | |
|
artience Co., Ltd.
artience㈱
|
55 |
NEW
New
17,606
|
— | ||
|
Mitsui & Co., Ltd.
三井物産㈱
|
52 |
+100.0%
↑
13,790
|
37 | 6,895 | |
|
Kyowa Kirin Co.,Ltd.
協和キリン㈱
|
50 |
21,000
|
50 | 21,000 | |
|
KANEKA CORPORATION
㈱カネカ
|
43 |
10,097
|
37 | 10,097 | M |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
32 |
6,228
|
16 | 6,228 | |
|
NIPPON TELEGRAPH AND TELEPHONE CORPORATION
NTT㈱
|
32 |
NEW
New
200,000
|
— | ||
|
NIPPON PAINT HOLDINGS CO.,LTD.
日本ペイントホールディングス㈱
|
27 |
27,300
|
28 | 27,300 | |
|
Nippon Pillar Packing Co., Ltd.
㈱PILLAR
|
20 |
NEW
New
4,000
|
— | ||
|
NIPPON STEEL CORPORATION
日本製鉄㈱
|
18 |
+400.0%
↑
27,500
|
18 | 5,500 | |
|
KUREHA CORPORATION
㈱クレハ
|
13 |
+200.0%
↑
3,600
|
11 | 1,200 | |
|
ARIAKE JAPAN Co.,Ltd.
アリアケジャパン㈱
|
10 |
1,800
|
9 | 1,800 | |
|
The Awa Bank,Ltd.
㈱阿波銀行
|
10 |
2,600
|
6 | 2,600 | M |
|
Kikusui Chemical Industry Co., Ltd.
菊水化学工業㈱
|
4 |
10,000
|
4 | 10,000 | |
|
Nippon Seikan Co.
日本製罐㈱
|
3 |
2,000
|
3 | 2,000 | |
|
Mitsui Chemicals, Inc.
三井化学㈱
|
0 |
96
|
0 | 96 | |
| 大建工業㈱ | — | — | |||
|
JGC HOLDINGS CORPORATION
日揮ホールディングス㈱
|
— | — | |||
|
Mitsubishi Chemical Gloup Corporation
三菱ケミカルグループ㈱
|
— | — | |||
|
ROHM COMPANY LIMITED
ローム㈱
|
— |
−100%
Exit
—
|
3 | 1,200 | |
| 東洋インキSCホールディングス㈱ | — |
−100%
Exit
—
|
45 | 17,606 | |
| 日本電信電話㈱ | — |
−100%
Exit
—
|
35 | 200,000 | |
|
SUMITOMO HEAVY INDUSTRIES,LTD.
住友重機械工業㈱
|
— |
−100%
Exit
—
|
35 | 10,100 | |
|
Resonac Holdings Corporation
㈱レゾナック・ホールディングス
|
— |
−100%
Exit
—
|
19 | 7,840 | |
| 日本ピラー工業㈱ | — |
−100%
Exit
—
|
15 | 4,000 | M |
|
NS UNITED KAIUN KAISHA, LTD.
NSユナイテッド海運㈱
|
— |
−100%
Exit
—
|
10 | 2,250 | |
|
OHASHI TECHNICA INC.
㈱オーハシテクニカ
|
— |
−100%
Exit
—
|
6 | 3,800 | |
| Portfolio total | 2,135 | 1,390 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding