6848
DKK-TOA CORPORATION
東亜ディーケーケー株式会社
Electric Appliances
Dkk-Toa Corporation manufactures and sells measuring instruments in Japan and internationally. It offers laboratory analytical instruments; analyzer for portable and boiler water, basic process, water and waste water treatment, and oil refineries; water quality analyzer and systems; ambient air / emission gas analyzers; and medical equipment. The company also engages in the maintenance and repairment of measuring equipment; and leasing of real estate properties. Dkk-Toa Corporation was incorporated in 1944 and is headquartered in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥17.8B
¥18.1B
¥17.4B
¥16.5B
¥16.4B
Cost of Sales
¥12.2B
¥11.8B
¥11.0B
¥10.6B
¥10.3B
Gross Profit
¥5.6B
¥6.3B
¥6.5B
¥6.0B
¥6.1B
SG&A
¥5.2B
¥5.0B
¥4.7B
¥4.3B
¥4.2B
Operating Income
¥483M
¥1.3B
¥1.8B
¥1.6B
¥1.9B
Non-Operating Income
¥149M
¥151M
¥109M
¥105M
¥79M
Dividend Income
—
¥75M
¥77M
¥65M
¥44M
Interest Income
—
¥0M
¥0M
¥0M
¥0M
Non-Operating Expenses
—
¥15M
¥28M
¥21M
¥20M
Interest Expense
—
¥12M
¥6M
¥6M
¥5M
Ordinary Income
¥600M
¥1.5B
¥1.8B
¥1.7B
¥2.0B
Pre-tax Income
¥1.3B
¥1.6B
¥1.8B
¥1.7B
¥1.9B
Income Taxes
¥335M
¥515M
¥546M
¥493M
¥551M
Current Tax
—
¥535M
¥498M
¥576M
¥555M
Deferred Tax
—
¥-19M
¥48M
¥-83M
¥-4M
Net Income (owners)
¥945M
¥1.1B
¥1.3B
¥1.2B
¥1.3B
Comprehensive Income
—
¥-70M
¥2.6B
¥1.4B
¥1.3B
EBITDA
¥1.2B
¥2.0B
¥2.3B
¥2.2B
¥2.4B
EPS
¥48.00
¥56.36
¥65.53
¥61.49
¥67.92
Shares Outstanding
—
19.8M
19.7M
19.7M
19.8M
Shares Issued (total)
—
19.9M
19.9M
19.9M
19.9M
Treasury Shares
—
0.1M
0.1M
0.2M
0.0M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥29.1B
¥28.7B
¥29.0B
¥26.7B
¥25.4B
Current Assets
¥16.9B
¥17.8B
¥17.4B
¥18.8B
¥17.7B
Cash & Deposits
¥6.1B
¥5.1B
¥4.1B
¥6.8B
¥7.4B
Trade Receivables
—
¥3.6B
¥3.5B
¥3.6B
¥3.1B
Non-Current Assets
¥12.2B
¥10.9B
¥11.7B
¥7.9B
¥7.7B
PP&E
¥7.4B
¥7.4B
¥6.6B
¥4.6B
¥4.5B
Intangible Assets
—
¥289M
¥304M
¥229M
¥242M
Investment Securities
¥3.3B
¥2.5B
¥4.2B
¥2.4B
¥2.2B
Deferred Tax Assets
—
¥256M
¥195M
¥328M
¥322M
Total Liabilities
¥6.1B
¥6.7B
¥6.7B
¥6.6B
¥6.3B
Current Liabilities
¥3.0B
¥3.3B
¥3.2B
¥3.6B
¥3.3B
Accounts Payable
—
¥664M
¥759M
¥1.4B
¥1.1B
ST Debt
¥409M
¥374M
¥255M
¥258M
¥256M
Taxes Payable
—
¥315M
¥228M
¥331M
¥298M
Non-Current Liabilities
¥3.2B
¥3.4B
¥3.4B
¥3.1B
¥3.0B
Total LT Borrowings
¥463M
¥683M
¥68M
¥33M
¥101M
Pension Obligations
—
¥2.1B
¥2.2B
¥2.3B
¥2.3B
Deferred Tax Liab.
—
—
¥461M
—
—
Total Equity
¥23.0B
¥21.9B
¥22.4B
¥20.1B
¥19.1B
Capital Stock
—
¥1.8B
¥1.8B
¥1.8B
¥1.8B
Capital Surplus
—
¥1.3B
¥1.3B
¥1.3B
¥1.3B
Retained Earnings
¥18.0B
¥17.5B
¥16.8B
¥15.8B
¥14.9B
Treasury Stock
—
¥-64M
¥-91M
¥-116M
¥-11M
AOCI
—
¥1.4B
¥2.5B
¥1.2B
¥1.0B
Equity (owners)
¥20.8B
¥20.6B
¥19.8B
¥18.9B
¥18.1B
Total Interest-Bearing Debt ⓘ
¥872M
¥1.1B
¥323M
¥291M
¥357M
Net Cash ⓘ
¥5.2B
¥4.0B
¥3.8B
¥6.5B
¥7.1B
NCAV ⓘ
¥10.8B
¥11.0B
¥10.7B
¥12.2B
¥11.4B
NCAV/Share
—
¥557
¥543
¥618
¥576
BV/Share
—
¥1,039
¥1,004
¥957
¥911
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥2.4B
¥1.8B
¥165M
¥307M
¥1.5B
Interest Paid
—
¥-13M
¥-6M
¥-6M
¥-5M
Interest Received
—
¥79M
¥78M
¥65M
¥48M
D&A
¥732M
¥697M
¥510M
¥537M
¥465M
Investing CF
¥-449M
¥-596M
¥-1.7B
¥-374M
¥-366M
CapEx
¥676M
¥1.4B
¥2.3B
¥416M
¥241M
Proceeds from Invest.
—
—
—
—
¥0M
Financing CF
¥-931M
¥266M
¥-376M
¥-553M
¥-343M
Dividends Paid
—
¥-414M
¥-354M
¥-337M
¥-336M
Share Buybacks
—
¥0M
¥0M
¥-104M
¥0M
LT Debt Repaid
—
¥-65M
¥-68M
¥-66M
¥-65M
Free Cash Flow
¥1.7B
¥450M
¥-2.2B
¥-109M
¥1.3B
Net Change in Cash
—
¥1.5B
¥-1.9B
¥-620M
¥782M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
4.2%
5.0%
6.1%
6.2%
7.2%
ROA
3.3%
3.9%
4.6%
4.7%
5.3%
EPS
¥48.00
¥56.36
¥65.53
¥61.49
¥67.92
DPS
¥22.00
¥22.00
¥21.00
¥18.00
¥17.00
BPS
¥1,177.07
¥1,108.24
¥1,133.35
¥1,019.66
¥964.26
FCF/Share
—
¥23
¥-110
¥-6
¥63
NCAV/Share
—
¥557
¥543
¥618
¥576
Payout Ratio
45.8%
39.0%
32.0%
29.3%
25.0%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 7
Date Activist Stake Event Flag Demands Source
2026-03-24
Hikari Tsushin K.K.
12.15%
+0.48%
change
Passive
—
2025-09-29
Hikari Tsushin K.K.
11.67%
+0.6%
change
Passive
—
2025-05-20
Hikari Tsushin K.K.
11.07%
+1.0%
change
Passive
—
2025-03-17
Hikari Tsushin K.K.
10.07%
+0.27%
change
Passive
—
2025-02-06
Hikari Tsushin K.K.
9.8%
+1.74%
change
Passive
—
2024-12-05
Hikari Tsushin K.K.
8.06%
+1.02%
change
Passive
—
2023-08-18
Hikari Tsushin K.K.
7.04%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 16
#
Shareholder
Shares (thou.)
% of Total
1
ハック・カンパニー(常任代理人 香港上海銀行東京支店)
6,659
33.67%
2
株式会社UH5
1,329
6.72%
3
Meiji Yasuda Life Insurance
明治安田生命保険相互会社
1,050
5.31%
4
NHGGP JAPAN OPPORTUNITIES FUND, L.P.
NHGGP JAPAN OPPORTUNITIES FUND, L.P.(常任代理人 株式会社三菱UFJ銀行)
971
4.91%
5
株式会社UH Partners 2
680
3.44%
6
山下 直
661
3.34%
7
Mizuho Bank
株式会社みずほ銀行
462
2.34%
8
MUFG Bank
株式会社三菱UFJ銀行
419
2.12%
9
Sompo Japan Insurance Inc.
損害保険ジャパン株式会社
312
1.58%
10
BANK JULIUS BAER AND CO., LTD. A/C FOR MR MITSUTOKI SHIGETA(常任代理人 株式会社三菱UFJ銀行)
264
1.33%
Domestic Nominees
0.0%
-4.1% 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
64.8%
+3.2% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
ハック・カンパニー
33.80%
33.74%
33.67%
-0.07%
式会社UH5
NEW ENTRY
—
—
—
6.72%
NEW
Meiji Yasuda Life Insurance
明治安田生命保険
5.33%
5.32%
5.31%
-0.01%
NHGGP JAPAN OPPORTUNITIES FUND, L.P.
2.22%
4.92%
4.91%
-0.01%
式会社UH Partners 2
NEW ENTRY
—
—
—
3.44%
NEW
山下 直
4.03%
3.50%
3.34%
-0.16%
Mizuho Bank
みずほ銀行
2.35%
2.34%
2.34%
MUFG Bank
式会社三菱UFJ銀行
2.13%
2.12%
2.12%
Sompo Japan Insurance Inc.
損害保険ジャパン
1.58%
1.58%
1.58%
BANK JULIUS BAER AND CO., LTD. A/C FOR MR MITSUTOKI SHIGETA
NEW ENTRY
—
—
—
1.33%
NEW
HIKARI TSUSHIN,INC.
光通信
last seen 2024
Exited Top 10
6.75%
6.74%
—
Japan Master Trust Bank
日本マスタートラスト信託銀行
last seen 2024
Exited Top 10
5.83%
4.11%
—
BANK JULIUS BAER AND CO. LTD. A/C FOR MR MITSUTOKI SHIGETA
last seen 2024
Exited Top 10
—
1.34%
—
日本カストディ銀行
last seen 2023
Exited Top 10
1.47%
—
—
Concentration (HHI)
ⓘ
1286
1280
1268
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥2,254M
+5% since 2023
Holdings
16
1 exited
Trend
1 unwinding
vs 2023
Held Company
FY2025
¥2,254M total
FY2023
¥2,154M total
Book Val ¥M
Shares
Book Val ¥M
Shares
HORIBA, Ltd.
(株)堀場製作所
1,591
-20.0%
↓
160,000
1,582
200,000
M
Mitsubishi UFJ Financial Group, Inc.
(株)三菱UFJフィナンシャル・グループ
219
109,310
92
109,310
Chino Corporation
(株)チノー
200
101,000
217
101,000
M
NIHON DENKEI CO.,LTD.
日本電計(株)
55
30,264
57
30,264
M
Kurita Water Industries Ltd.
栗田工業(株)
45
10,000
60
10,000
Mizuho Financial Group, Inc.
(株)みずほフィナンシャルグループ
33
8,339
15
8,339
Nipro Co., Ltd.
ニプロ(株)
27
20,000
20
20,000
KANEKA CORPORATION
(株)カネカ
25
6,800
23
6,800
METAWATER Co.,Ltd.
メタウォーター(株)
19
10,000
17
10,000
Nikkiso Co.
日機装(株)
14
11,400
10
11,400
M
RIKEN KEIKI CO.,LTD
理研計器(株)
13
+100.0%
↑
5,324
15
2,662
Resona Holdings, Inc.
(株)りそなホールディングス
9
7,400
4
7,400
OKAYA ELECTRIC INDUSTRIES CO.,LTD.
岡谷電機産業(株)
2
12,000
3
12,000
M
(株)ジェイ・エム・エス
2
5,000
2
5,000
NIDEC CORPORATION
ニデック(株)
—
—
OLYMPUS CORPORATION
オリンパス(株)
—
—
日本電産(株) (注)5
—
−100%
Exit
—
37
5,520
Portfolio total
2,254
2,154
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding