6742
Kyosan Electric Manufacturing Co.,Ltd.
株式会社京三製作所
Electric Appliances
Kyosan Electric Manufacturing Co., Ltd. develops, manufactures, and sells electromechanical interlocking, road traffic signal equipment, and cuprous oxide rectifiers in Japan and internationally. The company operates through two segments, the Signaling Systems Business and the Power Electronics Business. It offers railway signal solutions, including train control and detection equipment, interlocking equipment, block systems, field equipment, level crossing protection equipment, total traffic control systems, maintenance equipment, power supply for signaling systems, and railway-related equipment. The company also provides safeguards for passenger transfer areas; passenger information display devices; traffic management systems, such as road traffic control systems, road traffic signal controllers, road traffic signal units, traffic sensors, transmission systems, information displays, and other devices, as well as disaster-prevention products. In addition, it offers power conversion systems comprising digitally controlled RF systems and DC converters; uninterruptible power supplies for signal; and power supplies for communications devices. The company was formerly known as Tokyo Denki Kogyo Co., Ltd. and changed its name to Kyosan Electric Manufacturing Co., Ltd. in 1926. Kyosan Electric Manufacturing Co., Ltd. was incorporated in 1917 and is headquartered in Yokohama, Japan.
Price
¥754
Market Cap
¥47.2B
Ent. Value
¥72.1B
Net Debt
−¥24.8B
Shares Out.
62.7M
P / E
9.9×
EV / EBIT
11.8×
P / Book
0.91×
P / NCAV
2.55×
Div. Yield
3.05%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥85.4B | ¥70.5B | ¥72.3B | ¥72.9B |
| Cost of Sales | ¥66.6B | ¥56.2B | ¥57.6B | ¥57.5B |
| Gross Profit | ¥18.7B | ¥14.3B | ¥14.7B | ¥15.4B |
| SG&A | ¥12.6B | ¥11.8B | ¥12.5B | ¥11.7B |
| Operating Income | ¥6.1B | ¥2.5B | ¥2.2B | ¥3.7B |
| Non-Operating Income | ¥1.0B | ¥996M | ¥788M | ¥846M |
| Dividend Income | ¥180M | ¥185M | ¥202M | ¥215M |
| Non-Operating Expenses | ¥493M | ¥228M | ¥312M | ¥391M |
| Interest Expense | ¥276M | ¥142M | ¥137M | ¥172M |
| Ordinary Income | ¥6.6B | ¥3.3B | ¥2.7B | ¥4.1B |
| Pre-tax Income | ¥6.9B | ¥5.1B | ¥2.8B | ¥17.2B |
| Income Taxes | ¥2.1B | ¥1.7B | ¥734M | ¥4.8B |
| Current Tax | ¥2.4B | ¥1.8B | ¥1.0B | ¥3.6B |
| Deferred Tax | ¥-366M | ¥-128M | ¥-293M | ¥1.3B |
| Net Income (owners) | ¥4.8B | ¥3.4B | ¥2.1B | ¥12.3B |
| Comprehensive Income | ¥3.3B | ¥4.5B | ¥2.4B | ¥10.9B |
| EBITDA | ¥8.0B | ¥4.4B | ¥4.1B | ¥5.6B |
| EPS | ¥76.28 | ¥54.76 | ¥33.02 | ¥196.65 |
| Shares Outstanding | 62.7M | 62.7M | 62.7M | 62.7M |
| Shares Issued (total) | 62.8M | 62.8M | 62.8M | 62.8M |
| Treasury Shares | 0.2M | 0.2M | 0.2M | 0.2M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥126.0B | ¥129.6B | ¥114.4B | ¥113.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥92.8B | ¥94.9B | ¥79.0B | ¥77.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥8.2B | ¥9.5B | ¥5.7B | ¥9.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥21.1B | ¥20.1B | ¥17.4B | ¥16.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥33.2B | ¥34.7B | ¥35.3B | ¥35.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥14.2B | ¥14.9B | ¥15.5B | ¥15.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥449M | ¥566M | ¥830M | ¥1.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥12.0B | ¥13.9B | ¥14.0B | ¥13.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥4.1B | ¥3.3B | ¥3.4B | ¥3.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥74.3B | ¥79.9B | ¥68.1B | ¥67.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥58.4B | ¥67.6B | ¥53.1B | ¥50.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥9.4B | ¥10.3B | ¥11.6B | ¥10.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥21.2B | ¥28.2B | ¥17.3B | ¥12.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥2.5B | ¥2.1B | ¥1.1B | ¥4.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥15.9B | ¥12.4B | ¥15.0B | ¥17.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥11.8B | ¥7.8B | ¥10.0B | ¥12.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥3.4B | ¥3.7B | ¥4.0B | ¥3.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥6M | ¥3M | ¥57M | ¥114M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥51.7B | ¥49.6B | ¥46.2B | ¥45.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥6.3B | ¥6.3B | ¥6.3B | ¥6.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥4.6B | ¥4.6B | ¥4.6B | ¥4.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥36.4B | ¥32.9B | ¥30.6B | ¥30.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-45M | ¥-45M | ¥-45M | ¥-45M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥4.5B | ¥5.9B | ¥4.8B | ¥4.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥47.3B | ¥43.7B | ¥41.4B | ¥40.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥33.0B | ¥36.0B | ¥27.3B | ¥25.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-24.8B | ¥-26.5B | ¥-21.6B | ¥-16.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥18.5B | ¥15.0B | ¥10.9B | ¥9.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥296 | ¥239 | ¥174 | ¥155 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥754 | ¥698 | ¥661 | ¥654 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥3.7B | ¥-5.9B | ¥-2.9B | ¥15.0B |
| Interest Paid | ¥-267M | ¥-124M | ¥-142M | ¥-168M |
| Interest Received | ¥280M | ¥268M | ¥246M | ¥243M |
| D&A | ¥1.9B | ¥1.9B | ¥1.9B | ¥1.9B |
| Investing CF | ¥-317M | ¥1.7B | ¥-1.4B | ¥-15M |
| CapEx | ¥958M | ¥828M | ¥1.6B | ¥1.9B |
| Purchase Investments | ¥-19M | ¥-23M | ¥-28M | ¥-78M |
| Proceeds from Invest. | ¥376M | ¥2.9B | ¥622M | ¥1.6B |
| Financing CF | ¥-4.5B | ¥7.4B | ¥800M | ¥-13.5B |
| Dividends Paid | ¥-1.3B | ¥-1.1B | ¥-1.1B | ¥-941M |
| LT Debt Repaid | ¥-7.7B | ¥-2.3B | ¥-4.4B | ¥-7.5B |
| Free Cash Flow | ¥2.8B | ¥-6.7B | ¥-4.5B | ¥13.0B |
| Net Change in Cash | ¥-1.1B | ¥3.5B | ¥-3.5B | ¥1.6B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 9.4% | 7.2% | 4.5% | 30.5% |
| ROA | 3.7% | 2.8% | 1.8% | 10.9% |
| EPS | ¥76.28 | ¥54.76 | ¥33.02 | ¥196.65 |
| DPS | ¥23.00 | ¥20.00 | ¥18.00 | ¥18.00 |
| BPS | ¥824.52 | ¥791.61 | ¥737.36 | ¥724.15 |
| FCF/Share | ¥44 | ¥-107 | ¥-72 | ¥208 |
| NCAV/Share | ¥296 | ¥239 | ¥174 | ¥155 |
| Payout Ratio | 30.2% | 36.5% | 54.5% | 9.2% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 16
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-15
15:30
|
Div Increase | ¥1.2B ¥20.0/sh +11% | Kyosan Mfg (6742) increased FY2026 period-end dividend by ¥2 per share to ¥20 (from ¥18 forecast), raising annual payout… | |
|
Summary
Kyosan Mfg (6742) increased FY2026 period-end dividend by ¥2 per share to ¥20 (from ¥18 forecast), raising annual payout to ¥25 including ¥5 interim dividend. The company simultaneously revised shareholder return policy, raising DOE target from mid-2% to 3% range to strengthen long-term shareholder value, with FY2026 DOE at 2.89%.
Deadline: 2026-06-25
YoY: +11%
Source (JP)
2026年3月期の期末配当金につきましては、前回予想の18円から2円増額し、1株につき20円といたします。これにより、年間配当金は中間配当金5円とあわせて1株につき25円となります。
株主還元方針の変更および剰余金の配当(増配)に関するお知らせ
TDnet PDF
|
||||
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Nippon Life Insurance
日本生命保険相互会社
|
6,089 | 9.70% |
| 2 |
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 信託口
|
5,888 | 9.38% |
| 3 | 京三みづほ会 | 5,165 | 8.23% |
| 4 |
Employee Stock Ownership Plan
京三製作従業員持株会
|
3,574 | 5.69% |
| 5 |
Keio Corporation
京王電鉄株式会社
|
3,143 | 5.00% |
| 6 |
The Bank of Yokohama
株式会社横浜銀行
|
3,124 | 4.97% |
| 7 |
Central Japan Railway Company
東海旅客鉄道株式会社
|
1,965 | 3.13% |
| 8 |
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行 信託口
|
1,383 | 2.20% |
| 9 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社
|
1,007 | 1.60% |
| 10 |
DFA INTL SMALL CAP VALUE PORTFOLIO
DFA INTL SMALL CAP VALUE PORTFOLIO (常任代理人 シティバンク、エヌ・エイ東京支店)
|
767 | 1.22% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
11.6%
+1.6% 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
39.5%
+0.0% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 51.1% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Nippon Life Insurance 日本生命保険 | 9.70% | 9.70% | 9.70% | |
| 日本マスタートラスト信託銀行 | 8.35% | 7.93% | 9.38% +1.45% | |
| 京三みづほ会 | 8.30% | 7.95% | 8.23% +0.28% | |
| Employee Stock Ownership Plan 京三製作従業員持株会 | 5.60% | 5.70% | 5.69% -0.01% | |
| Keio Corporation 京王電鉄 | 5.00% | 5.00% | 5.00% | |
| The Bank of Yokohama 式会社横浜銀行 | 4.97% | 4.97% | 4.97% | |
| Central Japan Railway Company 東海旅客鉄道 | 3.13% | 3.13% | 3.13% | |
| 日本カストディ銀行 | 2.24% | 2.06% | 2.20% +0.14% | |
| Meiji Yasuda Life Insurance 明治安田生命保険 | 1.60% | 1.60% | 1.60% | |
| DFA INTL SMALL CAP VALUE PORTFOLIO DFA INTL SMALL CAP VALUE PORTFOLIO | — | 1.46% | 1.22% -0.24% | |
| 式会社三菱UFJ銀行 last seen 2023 | Exited Top 10 | 2.15% | — | — |
| Concentration (HHI) ⓘ | 336 | 321 | 351 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥9,116M
-24% since 2023
Holdings
24
10 exited
Trend
4 unwinding
vs 2023
| Held Company | FY2025 ¥9,116M total | FY2023 ¥11,924M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Central Japan Railway Company
東海旅客鉄道株式会社
|
2,169 |
+400.0%
↑
760,000
|
2,403 | 152,000 | M |
|
Keisei Electric Railway Co.
京成電鉄株式会社
|
1,453 |
+203.2%
↑
1,078,430
|
1,449 | 355,672 | |
|
Keio Corporation
京王電鉄株式会社
|
1,188 |
+1.1%
↑
312,232
|
1,434 | 308,841 | M |
|
East Japan Railway Company
東日本旅客鉄道株式会社
|
885 |
+200.0%
↑
300,000
|
733 | 100,000 | |
|
Hankyu Hanshin Holdings,Inc.
阪急阪神ホールディングス株式会社
|
731 |
181,688
|
713 | 181,688 | |
|
West Japan Railway Company
西日本旅客鉄道株式会社
|
583 |
+100.0%
↑
200,000
|
545 | 100,000 | |
|
TOKYU CORPORATION
東急株式会社
|
305 |
+2.0%
↑
181,498
|
313 | 177,973 | |
|
Kyushu Railway Company
九州旅客鉄道株式会社
|
292 |
80,000
|
235 | 80,000 | |
|
Kintetsu Group Holdings Co.
近鉄グループホールディングス株式会社
|
284 |
89,179
|
380 | 89,179 | |
|
TOKYU CONSTRUCTION CO.,LTD.
東急建設株式会社
|
256 |
-66.5%
↓
322,000
|
649 | 962,000 | M |
| 南海電気鉄道株式会社 | 218 |
89,011
|
260 | 89,011 | M |
|
Keifuku Electric Railroad Co.,Ltd.
京福電気鉄道株式会社
|
214 |
33,040
|
122 | 33,040 | M |
|
NIPPON RIETEC CO.,LTD.
日本リーテック株式会社
|
193 |
-60.6%
↓
130,000
|
309 | 330,000 | M |
|
Keihan Holdings Co.,Ltd.
京阪ホールディングス株式会社
|
111 |
-33.2%
↓
34,154
|
176 | 51,154 | M |
|
SEIBU HOLDINGS INC.
株式会社西武ホールディングス
|
107 |
32,700
|
44 | 32,700 | |
|
Japan Aviation Electronics Industry, Limited
日本航空電子工業株式会社
|
83 |
32,000
|
73 | 32,000 | M |
|
Nishi-Nippon Railroad Co.,Ltd.
西日本鉄道株式会社
|
33 |
-49.7%
↓
15,689
|
74 | 31,189 | M |
|
Kobe Electric Railway Co.,Ltd.
神戸電鉄株式会社
|
11 |
5,000
|
15 | 5,000 | |
|
Tokyu Fudosan Holdings Corporation
東急不動産ホールディングス株式会社
|
— | — | |||
|
Mitsubishi UFJ Financial Group, Inc.
株式会社三菱UFJフィナンシャル・グループ
|
— | — | |||
| 新京成電鉄株式会社 | — | — | M | ||
|
Tokyo Kiraboshi Financial Group, Inc.
株式会社東京きらぼしフィナンシャルグループ
|
— | — | |||
|
Daiwa Securities Group Inc.
株式会社大和証券グループ本社
|
— | — | |||
| 第一生命ホールディングス株式会社 | — | — | |||
|
Daido Signal Co.,Ltd.
大同信号株式会社
|
— |
−100%
Exit
—
|
53 | 123,463 | |
|
Nagoya Railway Co.
名古屋鉄道株式会社
|
— |
−100%
Exit
—
|
39 | 19,107 | M |
|
Nankai Tatsumura Construction Co., Ltd.
南海辰村建設株式会社
|
— |
−100%
Exit
—
|
15 | 50,000 | |
| 株式会社コンコルディア・フィナンシャルグループ | — |
−100%
Exit
—
|
1,048 | 2,147,918 | |
|
Odakyu Electric Railway Co.,Ltd
小田急電鉄株式会社
|
— |
−100%
Exit
—
|
396 | 230,467 | |
|
Keikyu Corporation
京浜急行電鉄株式会社
|
— |
−100%
Exit
—
|
254 | 201,898 | |
|
Nippon Signal Company,Limited
日本信号株式会社
|
— |
−100%
Exit
—
|
129 | 121,500 | M |
|
TOBU RAILWAY CO.,LTD.
東武鉄道株式会社
|
— |
−100%
Exit
—
|
43 | 13,649 | |
|
Shinko Shoji Co.,Ltd.
新光商事株式会社
|
— |
−100%
Exit
—
|
18 | 15,180 | M |
|
Oi Electric Co.,Ltd.
大井電気株式会社
|
— |
−100%
Exit
—
|
2 | 1,000 | M |
| Portfolio total | 9,116 | 11,924 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding