6485
MAEZAWA KYUSO INDUSTRIES CO.,LTD.
前澤給装工業株式会社
Machinery
Maezawa Kyuso Industries Co.,Ltd. designs, manufactures, and sells water supply equipment in Japan. It operates through the Water Supply Equipment, Housing & Building Equipment, and Product Sales segments. The company produces and sells water supply equipment for city waterworks, such as products for drawing water from distribution pipes to residential and commercial premises. It also provides hot water piping components for indoor use, floor heating components, and related products, as well as plumbing equipment materials for homes and buildings. The company was founded in 1937 and is headquartered in Meguro, 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
¥32.0B
¥32.0B
¥31.0B
¥28.8B
Cost of Sales
¥22.2B
¥22.7B
¥22.4B
¥20.6B
Gross Profit
¥9.8B
¥9.3B
¥8.6B
¥8.2B
SG&A
¥6.8B
¥6.9B
¥6.4B
¥6.1B
Operating Income
¥3.0B
¥2.5B
¥2.2B
¥2.1B
Non-Operating Income
¥215M
¥191M
¥180M
¥151M
Dividend Income
¥132M
¥114M
¥105M
¥100M
Interest Income
¥15M
¥14M
¥22M
¥21M
Non-Operating Expenses
¥76M
¥60M
¥96M
¥4M
Ordinary Income
¥3.2B
¥2.6B
¥2.3B
¥2.3B
Pre-tax Income
¥3.2B
¥2.6B
¥2.2B
¥2.3B
Income Taxes
¥848M
¥914M
¥721M
¥768M
Current Tax
¥851M
¥796M
¥763M
¥701M
Deferred Tax
¥-2M
¥117M
¥-42M
¥66M
Net Income (owners)
¥2.4B
¥1.7B
¥1.4B
¥1.5B
Comprehensive Income
¥2.4B
¥2.4B
¥1.5B
¥1.9B
EBITDA
¥3.8B
¥3.2B
¥2.9B
¥2.8B
Goodwill Amort. (J-GAAP)
¥39M
¥39M
¥39M
¥39M
EPS
¥113.58
¥78.12
¥64.76
¥67.25
Shares Outstanding
20.7M
21.2M
22.0M
22.2M
Shares Issued (total)
21.5M
21.5M
23.0M
23.0M
Treasury Shares
0.8M
0.3M
1.0M
0.8M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥46.0B
¥46.0B
¥44.6B
¥45.6B
Current Assets
¥29.9B
¥30.7B
¥30.7B
¥31.8B
Cash & Deposits
¥10.1B
¥10.8B
¥11.2B
¥14.3B
Trade Receivables
¥3.6B
¥4.1B
¥3.8B
¥3.7B
Non-Current Assets
¥16.1B
¥15.3B
¥14.0B
¥13.8B
PP&E
¥7.8B
¥7.9B
¥7.7B
¥7.5B
Goodwill
¥197M
¥237M
¥276M
¥316M
Intangible Assets
¥593M
¥714M
¥948M
¥775M
Investment Securities
¥5.6B
¥5.3B
¥3.8B
¥3.8B
Deferred Tax Assets
¥5M
¥14M
¥133M
¥127M
Total Liabilities
¥6.2B
¥6.9B
¥6.4B
¥8.0B
Current Liabilities
¥5.0B
¥5.7B
¥5.6B
¥7.1B
Taxes Payable
¥539M
¥474M
¥484M
¥300M
Non-Current Liabilities
¥1.2B
¥1.2B
¥816M
¥867M
Pension Obligations
¥367M
¥534M
¥466M
¥487M
Deferred Tax Liab.
¥803M
¥611M
¥267M
¥293M
Total Equity
¥39.8B
¥39.0B
¥38.2B
¥37.6B
Capital Stock
¥3.4B
¥3.4B
¥3.4B
¥3.4B
Capital Surplus
¥3.7B
¥3.9B
¥3.7B
¥3.7B
Retained Earnings
¥31.1B
¥29.6B
¥30.3B
¥29.6B
Treasury Stock
¥-943M
¥-312M
¥-941M
¥-766M
AOCI
¥2.5B
¥2.5B
¥1.8B
¥1.7B
Equity (owners)
¥37.2B
¥36.6B
¥36.4B
¥36.0B
Net Cash ⓘ
¥10.1B
¥10.8B
¥11.2B
¥14.3B
NCAV ⓘ
¥23.7B
¥23.8B
¥24.3B
¥23.8B
NCAV/Share
¥1,142
¥1,121
¥1,102
¥1,073
BV/Share
¥1,794
¥1,724
¥1,656
¥1,620
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥2.5B
¥2.1B
¥-1.3B
¥1.1B
Interest Paid
¥0M
¥0M
¥0M
¥0M
Interest Received
¥151M
¥137M
¥140M
¥117M
D&A
¥667M
¥672M
¥631M
¥618M
Goodwill Amort.
¥39M
¥39M
¥39M
¥39M
Investing CF
¥-1.3B
¥-273M
¥-731M
¥-207M
CapEx
¥1.1B
¥727M
¥597M
¥308M
Purchase Investments
¥-301M
¥-301M
¥-400M
—
Proceeds from Invest.
¥2M
—
—
¥125M
Financing CF
¥-1.6B
¥-1.8B
¥-982M
¥-708M
Dividends Paid
¥-908M
¥-782M
¥-776M
¥-503M
Share Buybacks
¥-655M
¥-1.0B
¥-199M
¥-199M
Free Cash Flow
¥1.4B
¥1.3B
¥-1.9B
¥753M
Net Change in Cash
¥-362M
¥-11M
¥-3.0B
¥197M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
6.0%
4.3%
3.8%
4.0%
ROA
5.2%
3.7%
3.2%
3.3%
EPS
¥113.58
¥78.12
¥64.76
¥67.25
DPS
¥57.00
¥40.00
¥33.00
¥30.00
BPS
¥1,917.02
¥1,840.77
¥1,737.00
¥1,695.48
FCF/Share
¥68
¥63
¥-85
¥34
NCAV/Share
¥1,142
¥1,121
¥1,102
¥1,073
Payout Ratio
50.2%
51.2%
51.0%
44.6%
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-13
15:30
Div Increase
¥671M ¥33.0/sh
MAEZAWA KYUSO (6485) announced a dividend increase for FY2026 (ended March 31, 2026) with period-end dividend of ¥33.00 …
Summary
MAEZAWA KYUSO (6485) announced a dividend increase for FY2026 (ended March 31, 2026) with period-end dividend of ¥33.00 per share (ordinary dividend ¥31.50 + commemorative dividend ¥1.50), up ¥3.00 from prior guidance but down 8.3% year-over-year from ¥36.00 prior year. Total dividend payout of ¥671 million reflects shift to 3% DOE-based progressive dividend policy plus one-time commemorative distribution; shareholders approved at June 25, 2026 AGM with ex-date June 26.
Deadline: 2026-06-26
Source (JP)
期末普通配当金を 1 株あたり 31 円 50 銭(2025 年 8 月 7 日公表の普通配当予想から 3 円の増額)といたします。尚、期末記念配当金 1 株あたり 1 円 50 銭(変更なし)とあわせまして、期末配当金は1株あたり 33 円となります。
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 16
#
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)
1,873
9.04%
2
Maezawa Industries Co., Ltd.
前澤工業株式会社
1,248
6.02%
3
MAEZAWA KASEI INDUSTRIES CO.,LTD.
前澤化成工業株式会社
1,248
6.02%
4
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED - HONG KONG PRIVATE BANKING DIVISION CLIENT A/C 8028-394841
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED - HONG KONG PRIVATE BANKING DIVISION CLIENT A/C 8028-394841 (常任代理人 香港上海銀行東京支店 カストディ業務部)
1,060
5.11%
5
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)
732
3.53%
6
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
576
2.78%
7
Dai-ichi Life Insurance
第一生命保険株式会社 (常任代理人 株式会社日本カストディ銀行)
576
2.78%
8
Employee Stock Ownership Plan
前澤給装工業従業員持株会
573
2.77%
9
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)
489
2.36%
10
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行 決済営業部)
401
1.94%
Domestic Nominees
11.8%
+0.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
4.3%
+4.3% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
26.2%
-5.0% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
6.09%
8.54%
9.04%
+0.50%
Maezawa Industries Co., Ltd.
前澤工業
5.67%
5.89%
6.02%
+0.13%
MAEZAWA KASEI INDUSTRIES CO.,LTD.
前澤化成工業
5.67%
5.88%
6.02%
+0.14%
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED - HONG KONG PRIVATE BANKING DIVISION CLIENT A/C 8028-394841
6.09%
5.73%
5.11%
-0.62%
Nippon Life Insurance
日本生命保険
3.33%
3.45%
3.53%
+0.08%
Japan Custody Bank
日本カストディ銀行
—
2.79%
2.78%
-0.01%
Dai-ichi Life Insurance
第一生命保険
2.62%
2.72%
2.78%
+0.06%
Employee Stock Ownership Plan
前澤給装工業従業員持株会
2.98%
2.88%
2.77%
-0.11%
State Street
NEW ENTRY
—
—
—
2.36%
NEW
JP Morgan
NEW ENTRY
—
—
—
1.94%
NEW
Sumitomo Mitsui Banking Corporation
三井住友銀行
last seen 2024
Exited Top 10
2.73%
2.36%
—
Resona Bank
りそな銀行
last seen 2024
Exited Top 10
2.73%
2.36%
—
三菱UFJ信託銀行
last seen 2023
Exited Top 10
2.27%
—
—
Concentration (HHI)
ⓘ
185
222
225
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥4,532M
+44% since 2023
Holdings
16
+1 new
Trend
3 building
vs 2023
Held Company
FY2025
¥4,532M total
FY2023
¥3,152M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Maezawa Industries Co., Ltd.
前澤工業㈱
1,632
1,198,438
790
1,198,438
M
MAEZAWA KASEI INDUSTRIES CO.,LTD.
前澤化成工業㈱
1,545
842,400
1,279
842,400
M
TODA CORPORATION
戸田建設㈱
369
418,600
289
418,600
M
NAGAWA Co .,Ltd.
㈱ナガワ
326
54,400
371
54,400
M
EBARA JITSUGYO CO.,LTD.
荏原実業㈱
185
50,000
143
50,000
M
Aichi Clock Electric Co.
愛知時計電機㈱
145
73,800
110
73,800
M
NIHON DENGI CO., LTD.
日本電技㈱
123
+100.0%
↑
32,600
55
16,300
M
Resona Holdings, Inc.
㈱りそなホールディングス
105
81,760
52
81,760
M
HASHIMOTO SOGYO HOLDINGS CO.,LTD.
橋本総業ホールディングス㈱
29
24,200
27
24,200
第一生命ホールディングス㈱
28
+300.0%
↑
25,200
15
6,300
M
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
26
+200.0%
↑
6,885
12
2,295
M
CREATE CORPORATION
クリエイト㈱
5
5,000
3
5,000
TOKYO GAS CO.,LTD.
東京瓦斯㈱
4
1,000
2
1,000
TOHO GAS CO.,LTD.
東邦瓦斯㈱
4
1,000
2
1,000
SANEI LTD.
SANEI㈱
3
NEW
New
2,009
—
OSAKA GAS CO.,LTD.
大阪瓦斯㈱
3
1,000
2
1,000
Portfolio total
4,532
3,152
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding