6469
HODEN SEIMITSU KAKO KENKYUSHO CO.,LTD.
株式会社 放電精密加工研究所
Industrials · Specialty Industrial Machinery
Hoden Seimitsu Kako Kenkyusho Co., Ltd. manufactures and sells electric discharge machining, industrial gas turbine parts, and other metal products. The company operates through Electric discharge machining and surface treatment, Molds, Machinery, equipment, and Others. It also offers aircraft engine parts, servo press machines, fully chrome-free coating, dies and molding, and automotive parts. In addition, the company provides dies-molding, and extrusion dies for aluminum and ceramic honeycomb. Further it engages in surface treatment of aircraft engine components, gas turbine components, and automobile-related items, chromium-free coating; and creating mechatronics products, making, and manufacturing of related items, and commissioning of press composite processing system, digital servo press, and press parts. Hoden Seimitsu Kako Kenkyusho Co., Ltd. was incorporated in 1961 and is headquartered in Yokohama, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥14.3B
¥12.9B
¥12.2B
¥11.7B
¥13.0B
Cost of Sales
¥10.7B
¥9.8B
¥9.6B
¥9.8B
¥10.2B
Gross Profit
¥3.6B
¥3.1B
¥2.5B
¥1.9B
¥2.8B
SG&A
¥2.5B
¥2.4B
¥2.3B
¥2.2B
¥2.2B
Operating Income
¥1.1B
¥689M
¥230M
¥-312M
¥634M
Non-Operating Income
¥15M
¥20M
¥36M
¥32M
¥47M
Dividend Income
¥3M
¥5M
¥6M
¥6M
¥5M
Interest Income
¥5M
¥7M
¥4M
¥1M
¥1M
Non-Operating Expenses
¥99M
¥66M
¥96M
¥43M
¥74M
Interest Expense
¥89M
¥55M
¥39M
¥36M
¥46M
Ordinary Income
¥1.0B
¥644M
¥170M
¥-322M
¥607M
Pre-tax Income
¥944M
¥634M
¥210M
¥-341M
¥1.8B
Income Taxes
¥92M
¥29M
¥-16M
¥900M
¥370M
Current Tax
¥182M
¥113M
¥39M
¥36M
¥235M
Deferred Tax
¥-90M
¥-84M
¥-55M
¥864M
¥135M
Net Income (owners)
¥823M
¥583M
¥232M
¥-1.3B
¥1.4B
Minority Interest
¥29M
¥22M
¥-6M
¥47M
¥37M
Comprehensive Income
¥1.5B
¥1.1B
¥492M
¥-1.1B
¥1.3B
EBITDA
¥2.0B
¥1.4B
¥898M
¥399M
¥1.5B
EPS
¥77.07
¥54.64
¥32.48
¥-180.88
¥195.15
Shares Outstanding
10.7M
10.7M
10.7M
7.1M
7.2M
Shares Issued (total)
11.0M
11.0M
11.0M
7.4M
7.4M
Treasury Shares
0.3M
0.3M
0.3M
0.3M
0.2M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥19.0B
¥17.6B
¥18.0B
¥14.8B
¥15.5B
Current Assets
¥8.1B
¥7.8B
¥9.0B
¥6.3B
¥6.3B
Cash & Deposits
¥2.7B
¥2.6B
¥4.1B
¥1.7B
¥2.0B
Trade Receivables
¥2.7B
¥2.7B
¥2.6B
¥2.3B
—
Non-Current Assets
¥10.9B
¥9.8B
¥8.9B
¥8.5B
¥9.2B
PP&E
¥10.0B
¥9.1B
¥8.4B
¥8.0B
¥7.7B
Intangible Assets
¥66M
¥91M
¥110M
¥126M
¥140M
Investment Securities
¥681M
¥280M
¥230M
¥187M
¥217M
Deferred Tax Assets
¥33M
¥141M
¥147M
¥117M
¥1.0B
Total Liabilities
¥9.3B
¥9.3B
¥10.7B
¥9.9B
¥9.3B
Current Liabilities
¥5.0B
¥5.6B
¥6.7B
¥6.1B
¥4.8B
Accounts Payable
¥633M
¥446M
¥730M
¥1.4B
¥1.3B
ST Debt
¥2.0B
¥3.2B
¥4.0B
¥3.6B
¥2.1B
Taxes Payable
¥111M
¥116M
¥88M
¥6M
¥248M
Non-Current Liabilities
¥4.3B
¥3.7B
¥4.0B
¥3.9B
¥4.4B
Total LT Borrowings
¥1.7B
¥1.4B
¥1.9B
¥1.8B
¥2.4B
Pension Obligations
¥790M
¥1.2B
¥1.6B
¥1.6B
¥1.5B
Deferred Tax Liab.
¥82M
¥17M
¥17M
¥17M
¥17M
Total Equity
¥9.7B
¥8.3B
¥7.2B
¥4.9B
¥6.3B
Capital Stock
¥1.9B
¥1.9B
¥1.9B
¥889M
¥889M
Capital Surplus
¥1.8B
¥1.8B
¥1.8B
¥775M
¥779M
Retained Earnings
¥4.1B
¥3.4B
¥2.9B
¥2.8B
¥4.2B
Treasury Stock
¥-183M
¥-185M
¥-189M
¥-200M
¥-111M
AOCI
¥1.1B
¥483M
¥82M
¥-122M
¥-173M
Equity (owners)
¥7.6B
¥6.9B
¥6.4B
¥4.3B
¥5.8B
Minority Interests
¥1.0B
¥909M
¥791M
¥748M
¥648M
Total Interest-Bearing Debt ⓘ
¥3.7B
¥4.7B
¥5.8B
¥5.4B
¥4.4B
Net Cash ⓘ
¥-944M
¥-2.1B
¥-1.7B
¥-3.7B
¥-2.5B
NCAV ⓘ
¥-1.3B
¥-1.5B
¥-1.7B
¥-3.6B
¥-2.9B
NCAV/Share
¥-117
¥-140
¥-161
¥-513
¥-407
BV/Share
¥709
¥644
¥596
¥599
¥798
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥2.3B
¥415M
¥1.0B
¥-129M
¥1.9B
Taxes Paid
¥-250M
¥-103M
¥35M
¥-418M
¥24M
Interest Paid
¥-90M
¥-53M
¥-39M
¥-37M
¥-44M
Interest Received
¥8M
¥11M
¥10M
¥8M
¥6M
D&A
¥862M
¥730M
¥668M
¥711M
¥833M
Investing CF
¥-803M
¥-619M
¥-782M
¥-807M
¥601M
CapEx
¥787M
¥703M
¥832M
¥816M
¥1.3B
Purchase Investments
¥-2M
¥-2M
¥-2M
¥-2M
¥-12M
Proceeds from Invest.
—
¥70M
¥71M
¥65M
¥0M
Financing CF
¥-1.4B
¥-1.5B
¥2.1B
¥551M
¥-2.1B
Dividends Paid
¥-128M
¥-75M
¥-142M
¥-145M
—
Share Buybacks
—
—
¥0M
¥-100M
—
LT Debt Repaid
¥-570M
¥-595M
¥-638M
¥-990M
¥-997M
Free Cash Flow
¥1.5B
¥-288M
¥184M
¥-946M
¥554M
Net Change in Cash
¥129M
¥-1.5B
¥2.4B
¥-286M
¥429M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
10.3%
8.5%
4.4%
-26.4%
28.3%
ROA
4.5%
3.3%
1.4%
-8.5%
9.1%
EPS
¥77.07
¥54.64
¥32.48
¥-180.88
¥195.15
DPS
¥18.00
¥12.00
¥7.00
¥20.00
¥20.00
BPS
¥813.23
¥688.91
¥603.32
¥581.58
¥774.37
FCF/Share
¥138
¥-27
¥17
¥-133
¥76
NCAV/Share
¥-117
¥-140
¥-161
¥-513
¥-407
Payout Ratio
23.4%
22.0%
21.6%
—
10.2%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 4
Date Activist Stake Event Flag Demands Source
2026-04-24
FUTAMURA Co.,Ltd.
4.91%
-3.18%
change
Passive
—
2026-04-13
FUTAMURA Co.,Ltd.
8.09%
correction
Passive
—
2024-03-18
Mitsubishi UFJ Financial Group Inc.
3.1%
change
Passive
—
2024-03-01
Mitsubishi Heavy Industries, Ltd.
34.2%
initial_5pct
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
Mitsubishi Heavy Industries,Ltd.
三菱重工業株式会社
3,746
35.10%
2
Tokyo Small and Medium Enterprise Investment and Development Co.
東京中小企業投資育成株式会社
733
6.87%
3
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行
408
3.83%
4
株式会社二村
389
3.64%
5
Employee Stock Ownership Plan
放電精密加工研究所社員持株会
379
3.55%
6
二村山林有限会社
272
2.55%
7
二村 勝彦
242
2.27%
8
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
192
1.80%
9
細江 廣太郎
181
1.69%
10
日本碍子株式会社
180
1.68%
Domestic Nominees
5.6%
+3.2% vs 2025
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2025
Sub-custodians for foreign asset managers
Direct / Strategic
57.4%
-3.3% vs 2025
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
2026
Mitsubishi Heavy Industries,Ltd.
三菱重工業
2.81%
35.11%
35.10%
35.10%
Tokyo Small and Medium Enterprise Investment and Development Co.
東京中小企業投資育成
10.32%
6.88%
6.87%
6.87%
日本カストディ銀行
NEW ENTRY
—
—
—
—
3.83%
NEW
式会社二村
5.47%
3.64%
3.64%
3.64%
Employee Stock Ownership Plan
放電精密加工研究所社員持株会
6.17%
4.27%
3.77%
3.55%
-0.22%
二村山林有限会社
3.83%
2.55%
2.55%
2.55%
二村 勝彦
3.41%
2.27%
2.27%
2.27%
日本マスタートラスト信託銀行
—
—
2.44%
1.80%
-0.64%
細江 廣太郎
3.06%
1.84%
1.74%
1.69%
-0.05%
日本碍子
2.53%
1.68%
1.68%
1.68%
MUFG Bank
式会社三菱UFJ銀行
last seen 2025
Exited Top 10
4.58%
3.05%
3.05%
—
限会社細江産業
last seen 2024
Exited Top 10
—
1.25%
—
—
平和産業
last seen 2023
Exited Top 10
2.17%
—
—
—
Concentration (HHI)
ⓘ
250
1340
1339
1340
4 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥261M
+55% since 2023
Holdings
1
5 exited
Trend
1 building
vs 2023
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding