Tensho Electric Industries Co., Ltd.

天昇電気工業株式会社

Chemicals

Tensho Electric Industries Co., Ltd. engages in the design, manufacture, and sale of plastic products in Japan and internationally. The company offers containers for infectious medical waste; conductive printed-circuit board storage racks; and materials for logistics industry, returnable containers, etc. It also original products, including Mippail, Tenbako, Tentaru, and Tensert racks; automobile parts, such as exterior and interior parts, air conditioners and thermal equipment parts, intake system parts, safety device parts, and engine peripheral parts. In addition, it offers home appliances, such as exterior parts of lighting apparatus and LCD televisions, as well as office equipment. Tensho Electric Industries Co., Ltd. was founded in 1936 and is headquartered in Tokyo, Japan.

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Price

¥266

Market Cap

¥4.5B

Ent. Value

¥4.7B

Net Debt

−¥194M

Shares Out.

17.0M

P / E

9.0×

EV / EBIT

6.5×

⚠ TSE Capital Mandate

P / Book

0.41×

P / NCAV

N/M

Div. Yield

3.76%

Financials

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Net Sales	¥21.9B	¥27.9B	¥26.9B	¥23.9B	¥19.4B
Cost of Sales	¥17.8B	¥23.6B	¥22.6B	¥20.1B	¥16.6B
Gross Profit	¥4.0B	¥4.3B	¥4.3B	¥3.7B	¥2.9B
SG&A	¥3.3B	¥3.4B	¥3.3B	¥3.1B	¥2.6B
Operating Income	¥723M	¥914M	¥1.1B	¥604M	¥225M
Non-Operating Income	¥335M	¥261M	¥342M	¥195M	¥171M
Dividend Income	—	¥15M	¥12M	¥10M	¥9M
Interest Income	—	¥130M	¥102M	¥6M	¥2M
Non-Operating Expenses	—	¥97M	¥82M	¥47M	¥42M
Interest Expense	—	¥93M	¥77M	¥43M	¥41M
Ordinary Income	¥1.0B	¥1.1B	¥1.3B	¥752M	¥355M
Pre-tax Income	¥745M	¥1.7B	¥1.4B	¥767M	¥373M
Income Taxes	¥240M	¥273M	¥392M	¥189M	¥128M
Current Tax	—	¥272M	¥395M	¥276M	¥119M
Deferred Tax	—	¥0M	¥-3M	¥-86M	¥8M
Net Income (owners)	¥504M	¥1.3B	¥948M	¥612M	¥246M
Minority Interest	—	¥153M	¥76M	¥-34M	¥-1M
Comprehensive Income	—	¥2.0B	¥1.6B	¥1.1B	¥406M
EBITDA	¥2.8B	¥3.1B	¥3.3B	¥2.5B	¥2.1B
Goodwill Amort. (J-GAAP)	—	—	¥6M	¥23M	¥20M
EPS	¥29.66	¥74.34	¥55.77	¥35.99	¥14.47
Shares Outstanding	—	17.0M	17.0M	17.0M	17.0M
Shares Issued (total)	—	17.0M	17.0M	17.0M	17.0M

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Total Assets	¥21.0B	¥22.1B	¥28.0B	¥27.6B	¥21.3B
Current Assets	¥8.9B	¥8.9B	¥12.8B	¥13.1B	¥10.6B
Cash & Deposits	¥3.2B	¥3.3B	¥5.2B	¥5.5B	¥4.0B
Trade Receivables	—	¥2.7B	¥3.5B	¥3.4B	¥2.6B
Non-Current Assets	¥12.1B	¥13.2B	¥15.2B	¥14.5B	¥10.7B
PP&E	¥7.9B	¥8.9B	¥14.2B	¥13.7B	¥10.1B
Goodwill	—	—	—	¥6M	¥26M
Intangible Assets	—	¥117M	¥142M	¥68M	¥101M
Investment Securities	¥3.9B	¥4.0B	¥511M	¥333M	¥269M
Deferred Tax Assets	—	¥110M	¥203M	¥240M	¥161M
Total Liabilities	¥10.0B	¥11.5B	¥17.0B	¥18.0B	¥13.2B
Current Liabilities	¥7.0B	¥8.0B	¥10.2B	¥11.1B	¥9.0B
Accounts Payable	—	¥1.9B	¥2.6B	¥2.8B	¥2.2B
ST Debt	¥1.3B	¥1.5B	¥1.7B	¥1.5B	¥1.6B
Taxes Payable	—	¥34M	¥403M	¥295M	¥183M
Non-Current Liabilities	¥3.0B	¥3.5B	¥6.9B	¥6.9B	¥4.2B
Total LT Borrowings	¥2.1B	¥2.5B	¥5.7B	¥6.0B	¥3.2B
Pension Obligations	—	¥223M	¥236M	¥254M	¥264M
Total Equity	¥11.0B	¥10.6B	¥10.9B	¥9.5B	¥8.1B
Capital Stock	—	¥1.2B	¥1.2B	¥1.2B	¥1.2B
Capital Surplus	—	¥1.2B	¥1.0B	¥1.0B	¥1.0B
Retained Earnings	¥7.7B	¥7.3B	¥6.1B	¥5.2B	¥4.6B
Treasury Stock	—	¥0M	¥0M	¥0M	¥0M
AOCI	—	¥997M	¥926M	¥501M	¥200M
Equity (owners)	¥10.0B	¥9.6B	¥8.3B	¥7.4B	¥6.9B
Minority Interests	—	—	¥1.7B	¥1.6B	¥1.0B

Total Interest-Bearing Debt ⓘ	¥3.4B	¥4.0B	¥7.4B	¥7.5B	¥4.8B
Net Cash ⓘ	¥-194M	¥-689M	¥-2.2B	¥-2.0B	¥-775M
NCAV ⓘ	¥-1.1B	¥-2.6B	¥-4.3B	¥-5.0B	¥-2.6B
NCAV/Share	—	¥-154	¥-250	¥-291	¥-152
BV/Share	—	¥566	¥489	¥436	¥403

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Operating CF	¥1.9B	¥2.5B	¥2.7B	¥2.7B	¥2.4B
Interest Paid	—	¥-93M	¥-77M	¥-43M	¥-41M
Interest Received	—	¥145M	¥115M	¥16M	¥11M
D&A	¥2.0B	¥2.2B	¥2.2B	¥1.9B	¥1.8B
Goodwill Amort.	—	—	¥6M	¥23M	¥20M
Investing CF	¥-1.2B	¥-3.1B	¥-2.7B	¥-4.2B	¥-1.9B
CapEx	¥1.1B	¥3.1B	¥2.7B	¥4.1B	¥1.8B
Proceeds from Invest.	—	—	—	¥17M	—
Financing CF	¥-806M	¥619M	¥-622M	¥2.8B	¥545M
Dividends Paid	—	¥-85M	¥-51M	¥-51M	¥-51M
Share Buybacks	—	—	—	¥0M	—
LT Debt Repaid	—	¥-2.0B	¥-1.7B	¥-1.7B	¥-1.5B
Free Cash Flow	¥778M	¥-582M	¥-48M	¥-1.5B	¥606M
Net Change in Cash	—	¥249M	¥-312M	¥1.5B	¥1.2B

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
ROE	4.7%	12.7%	11.1%	8.2%	3.6%
ROA	2.3%	5.0%	3.4%	2.5%	1.2%
EPS	¥29.66	¥74.34	¥55.77	¥35.99	¥14.47
DPS	¥0.00	¥5.00	¥5.00	¥3.00	¥3.00
BPS	¥647.33	¥624.48	¥543.60	¥465.86	¥415.13
FCF/Share	—	¥-34	¥-3	¥-86	¥36
NCAV/Share	—	¥-154	¥-250	¥-291	¥-152
Payout Ratio	0.0%	6.7%	9.0%	8.3%	20.7%

Capital Allocation Signals 1

Date	Type	Amount	Summary
2026-05-21 16:00	Div New	¥85M ¥5.0/sh +0%	Tensho Electric Industries (6776) announced a regular dividend of ¥5.00 per share (¥85 million total) with record date M…
Summary Tensho Electric Industries (6776) announced a regular dividend of ¥5.00 per share (¥85 million total) with record date March 31, 2026 and payment date June 26, 2026, to be approved at the 100th Annual Shareholders Meeting in June 2026. The dividend maintains the prior year payout level and reflects the company's commitment to stable shareholder returns while balancing financial strength and business investment. Deadline: 2026-06-26 YoY: +0% Source (JP) 当期におきましても、当期の業績及び今後の事業展開を勘案いたしまして、前期に引き続き１株当たり５円の期末配当を継続する方針といたしました。剰余金の配当に関するお知らせ TDnet PDF

#	Shareholder	Shares (thou.)	% of Total
1	三甲不動産株式会社	5,712	33.57%
2	Mitsui & Co., Ltd. 三井物産株式会社	2,352	13.82%
3	C.I. TAKIRON Corporation タキロンシーアイ株式会社	892	5.24%
4	株式会社ワコーパレット	520	3.05%
5	Sumitomo Mitsui Banking Corporation 株式会社三井住友銀行	471	2.77%
6	Sompo Japan Insurance Inc. 損害保険ジャパン株式会社	252	1.48%
7	Mitsui Chemicals, Inc. 三井化学株式会社	250	1.46%
8	石川忠彦	222	1.30%
9	株式会社十六銀行	220	1.29%
10	菊地茂男	196	1.15%

as of 2025-03-31 Source: EDINET ↗

Ownership by year — hover bars for detail

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

65.1%

-0.1% vs 2024

Named entities with disclosed investment intent

Shareholder	2023	2024	2025
三甲不動産	33.57%	33.57%	33.57%
Mitsui & Co., Ltd. 三井物産	13.82%	13.82%	13.82%
C.I. TAKIRON Corporation タキロンシーアイ	5.39%	5.24%	5.24%
式会社ワコーパレット	3.05%	3.05%	3.05%
Sumitomo Mitsui Banking Corporation 三井住友銀行	2.77%	2.77%	2.77%
Sompo Japan Insurance Inc. 損害保険ジャパン	1.48%	1.48%	1.48%
Mitsui Chemicals, Inc. 三井化学	1.46%	1.46%	1.46%
石川忠彦	1.21%	1.29%	1.30% +0.01%
式会社十六銀行	1.29%	1.29%	1.29%
菊地茂男	1.78%	1.25%	1.15% -0.10%
Concentration (HHI) ⓘ	1375	1372	1371

3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved

Portfolio Book Value ¥484M +64% since 2023

Holdings 15 +2 new 1 exited

Trend 1 building vs 2023

Held Company	FY2025 ¥484M total		FY2023 ¥296M total
	Book Val ¥M	Shares	Book Val ¥M	Shares
Sumitomo Mitsui Financial Group, Inc. 株式会社三井住友フィナンシャルグループ	227	+200.0% ↑ 60,000	105	20,000	M
TOYOTA MOTOR CORPORATION トヨタ自動車株式会社	65	25,000	47	25,000
Mitsui Chemicals, Inc. 三井化学株式会社	54	16,200	55	16,200	M
Mitsubishi UFJ Financial Group, Inc. 株式会社三菱UFJフィナンシャル・グループ	48	24,000	20	24,000
TOKYU CORPORATION 東急株式会社	25	15,000	26	15,000
SUBARU CORPORATION 株式会社ＳＵＢＡＲＵ	19	7,400	15	7,400
SAPPORO HOLDINGS LIMITED サッポロホールディングス株式会社	15	2,060	7	2,060
Juroku Financial Group, Inc. 株式会社十六フィナンシャルグループ	9	2,000	5	2,000	M
TAIHEIYO CEMENT CORPORATION 太平洋セメント株式会社	7	1,966	4	1,966
Sharp Corporation シャープ株式会社	6	6,820	6	6,820
Mitsubishi Chemical Gloup Corporation 三菱ケミカルグループ株式会社	4	NEW New 5,500	—
Nomura Holdings Inc. 野村ホールディングス株式会社	4	5,000	2	5,000	M
TIGERS POLYMER CORPORATION タイガースポリマー株式会社	1	NEW New 2,235	—
Oki Electric Industry Company, Limited 沖電気工業株式会社	—		—
KYOCERA CORPORATION 京セラ株式会社	—		—
三菱ケミカルグループ株式会社（旧株式会社三菱ケミカルホールディングス）	—	−100% Exit —	4	5,500
Portfolio total	484		296

Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding