6656
inspec Inc.
インスペック株式会社
Electric Appliances
inspec Inc. engages in the manufacture and sale of PCB inspection equipment and related equipment in Japan. The company offers inspection equipment comprising flexible substrates, PCB large boards, lead frames, touch panels, glass masks, jedec trays, substrates, and chip capacitors. It also provides various models, including substrate AOI, roll to roll AOI, automatic transport inspection product, and hardware and software options. The company was formerly known as Taiyo Mfg.Co.,Ltd. and changed its name to inspec Inc. in January 2001. inspec Inc. was founded in 1984 and is headquartered in Semboku, 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 ↗
Net Sales
¥2.2B
¥1.7B
¥2.3B
¥1.8B
Gross Profit
¥905M
¥609M
¥846M
¥663M
SG&A
¥796M
¥843M
¥739M
¥644M
Operating Income
¥109M
¥-233M
¥106M
¥19M
Non-Operating Income
¥64M
¥14M
¥55M
¥138M
Interest Income
¥0M
¥0M
¥0M
¥0M
Non-Operating Expenses
¥56M
¥44M
¥80M
¥24M
Interest Expense
¥34M
¥34M
¥29M
¥19M
Ordinary Income
¥117M
¥-263M
¥82M
¥132M
Pre-tax Income
¥-130M
¥-334M
¥83M
¥132M
Income Taxes
¥12M
¥20M
¥5M
¥-23M
Current Tax
¥11M
¥4M
¥24M
¥1M
Deferred Tax
¥1M
¥16M
¥-19M
¥-24M
Net Income (owners)
¥-142M
¥-354M
¥79M
¥155M
EBITDA
¥235M
¥-37M
¥223M
¥105M
EPS
¥-35.51
¥-88.34
¥19.96
¥41.00
Shares Outstanding
4.0M
4.0M
4.0M
3.8M
Shares Issued (total)
4.0M
4.0M
4.0M
3.8M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Total Assets
¥3.0B
¥3.7B
¥4.0B
¥3.3B
Current Assets
¥2.2B
¥2.8B
¥2.8B
¥2.2B
Cash & Deposits
¥540M
¥739M
¥605M
¥697M
Trade Receivables
¥771M
¥822M
¥993M
¥381M
Non-Current Assets
¥771M
¥953M
¥1.1B
¥1.1B
PP&E
¥736M
¥902M
¥1.1B
¥1.1B
Intangible Assets
¥26M
¥41M
¥40M
¥33M
Deferred Tax Assets
—
—
¥13M
—
Total Liabilities
¥2.0B
¥2.7B
¥2.6B
¥2.2B
Current Liabilities
¥1.4B
¥1.9B
¥1.6B
¥1.1B
ST Debt
¥1.2B
¥1.7B
¥1.4B
¥765M
Taxes Payable
¥18M
¥5M
¥34M
¥1M
Non-Current Liabilities
¥609M
¥773M
¥945M
¥1.1B
Total LT Borrowings
¥507M
¥661M
¥816M
¥970M
Deferred Tax Liab.
¥4M
¥3M
—
¥6M
Total Equity
¥959M
¥1.1B
¥1.4B
¥1.1B
Capital Stock
¥814M
¥810M
¥803M
¥678M
Capital Surplus
¥215M
¥212M
¥204M
¥79M
Retained Earnings
¥-280M
¥-138M
¥228M
¥160M
Treasury Stock
¥-0M
¥-0M
¥-0M
¥-0M
Equity (owners)
¥748M
¥884M
¥1.2B
¥917M
Total Interest-Bearing Debt ⓘ
¥1.7B
¥2.3B
¥2.2B
¥1.7B
Net Cash ⓘ
¥-1.1B
¥-1.6B
¥-1.6B
¥-1.0B
NCAV ⓘ
¥187M
¥126M
¥275M
¥-36M
NCAV/Share
¥47
¥31
¥69
¥-10
BV/Share
¥186
¥221
¥310
¥242
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Operating CF
¥544M
¥105M
¥-589M
¥-176M
Interest Paid
¥-35M
¥-31M
¥-24M
¥-14M
Interest Received
¥0M
¥0M
¥0M
¥1M
D&A
¥127M
¥196M
¥117M
¥86M
Investing CF
¥-67M
¥-78M
¥-164M
¥-329M
CapEx
¥67M
¥83M
¥117M
¥288M
Financing CF
¥-675M
¥130M
¥631M
¥391M
Dividends Paid
¥-0M
¥-12M
¥-11M
¥-0M
Share Buybacks
—
¥-0M
—
—
LT Debt Repaid
¥-154M
¥-154M
¥-165M
¥-196M
Free Cash Flow
¥477M
¥22M
¥-706M
¥-463M
Net Change in Cash
¥-198M
¥157M
¥-122M
¥-114M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
ROE
-17.4%
-33.4%
7.3%
18.6%
ROA
-4.2%
-9.2%
2.2%
4.7%
EPS
¥-35.51
¥-88.34
¥19.96
¥41.00
DPS
—
—
¥3.00
¥3.00
BPS
¥186.45
¥220.54
¥309.68
¥241.92
FCF/Share
¥119
¥6
¥-177
¥-122
NCAV/Share
¥47
¥31
¥69
¥-10
Payout Ratio
—
—
15.0%
7.3%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 13
Date Activist Stake Event Flag Demands Source
2026-04-14
Masashi Sugawara
4.89%
-2.5%
change
Passive
—
2026-04-14
Hayate Management
—
exit
Passive
—
2025-06-27
Masashi Sugawara
7.39%
correction
Passive
—
2025-06-25
Masashi Sugawara
7.39%
-1.23%
change
Passive
—
2025-04-18
Hayate Investment
—
exit
Passive
—
2025-04-18
Hayate Management
9.42%
initial_5pct
Passive
—
2025-04-17
HAYATE PARTNERS PTE LTD
—
correction
Passive
—
2025-04-17
Hayate Investment
9.42%
-0.08%
correction
Passive
—
2025-04-07
Masashi Sugawara
8.62%
correction
Passive
—
2025-03-27
Masashi Sugawara
8.62%
change
Passive
—
2024-05-01
Hayate Investment
9.5%
correction
Passive
—
2024-04-26
HAYATE PARTNERS PTE LTD
—
exit
Passive
—
2024-04-26
Hayate Investment
9.5%
initial_5pct
Passive
—
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
菅原 雅史
237,080
5.90%
2
緒方 顯吉
224,000
5.58%
3
塩谷 亮子
95,400
2.37%
4
高橋 喜一
89,200
2.22%
5
日本証券金融株式会社
84,300
2.10%
6
小林 晃
82,269
2.05%
7
株式会社滋慶
52,200
1.30%
8
高橋 秋男
49,400
1.23%
9
加賀谷 幸男
47,600
1.18%
10
野崎 清司
46,700
1.16%
Domestic Nominees
0.0%
+0.0% 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
25.1%
-3.2% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
菅原 雅史
6.72%
7.17%
5.90%
-1.27%
緒方 顯吉
5.65%
5.59%
5.58%
-0.01%
塩谷 亮子
2.39%
2.38%
2.37%
-0.01%
高橋 喜一
2.51%
2.22%
2.22%
日本証券金融
NEW ENTRY
1.37%
—
2.10%
NEW
小林 晃
1.90%
1.89%
2.05%
+0.16%
式会社滋慶
NEW ENTRY
1.31%
—
1.30%
NEW
高橋 秋男
NEW ENTRY
—
—
—
1.23%
NEW
加賀谷 幸男
1.48%
1.47%
1.18%
-0.29%
野崎 清司
NEW ENTRY
—
—
—
1.16%
NEW
式会社SBI証券
last seen 2024
Exited Top 10
—
2.84%
—
楽天証券
last seen 2024
Exited Top 10
1.34%
2.06%
—
曽我部 均
last seen 2024
Exited Top 10
—
1.34%
—
JPモルガン証券
last seen 2024
Exited Top 10
1.45%
1.33%
—
Concentration (HHI)
ⓘ
102
115
91
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved