6901
SAWAFUJI ELECTRIC CO.,LTD.
澤藤電機株式会社
Electric Appliances
Sawafuji Electric Co.,Ltd. engages in the manufacture and sale of electrical equipment, generators, and refrigerators in Japan and internationally. The company offers starters, alternators, HV and DC motors, battery packs, and control devices. It also provides portable refrigerators under the ENGEL brand; gasoline and diesel engine generators under the Elemax brand; and engine welders and retarder. In addition, the company is involved in the provision of transportation and freightage services; and production and sale of coolers and ice boxes, and generators under the ENGEL brand. The company was formerly known as Sawafuji Electric Manufactory and changed its name to Sawafuji Electric Co.,Ltd. in 1934. Sawafuji Electric Co.,Ltd. was founded in 1908 and is headquartered in Ota, Japan.
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⚠ TSE Capital Mandate
P / Book
0.43×
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
¥25.0B
¥23.6B
¥26.7B
¥29.3B
¥28.8B
Cost of Sales
¥21.3B
¥20.1B
¥22.9B
¥25.8B
¥25.3B
Gross Profit
¥3.7B
¥3.5B
¥3.8B
¥3.6B
¥3.5B
SG&A
¥3.4B
¥3.4B
¥3.3B
¥3.3B
¥3.1B
Operating Income
¥312M
¥76M
¥563M
¥238M
¥383M
Non-Operating Income
¥355M
¥306M
¥281M
¥333M
¥258M
Dividend Income
—
¥221M
¥149M
¥126M
¥112M
Interest Income
—
¥9M
¥2M
¥0M
¥1M
Non-Operating Expenses
—
¥168M
¥55M
¥98M
¥42M
Interest Expense
—
¥43M
¥25M
¥17M
¥15M
Ordinary Income
¥525M
¥214M
¥789M
¥473M
¥599M
Pre-tax Income
¥160M
¥202M
¥789M
¥471M
¥591M
Income Taxes
¥116M
¥-22M
¥259M
¥172M
¥188M
Current Tax
—
¥102M
¥168M
¥145M
¥122M
Deferred Tax
—
¥-125M
¥91M
¥27M
¥65M
Net Income (owners)
¥33M
¥247M
¥517M
¥285M
¥395M
Minority Interest
—
¥-22M
¥12M
¥12M
¥7M
Comprehensive Income
—
¥-721M
¥3.3B
¥521M
¥618M
EBITDA
¥1.2B
¥916M
¥1.2B
¥1.1B
¥1.1B
EPS
¥7.78
¥57.43
¥120.04
¥66.24
¥91.73
Shares Outstanding
—
4.3M
4.3M
4.3M
4.3M
Shares Issued (total)
—
4.3M
4.3M
4.3M
4.3M
Treasury Shares
—
0.0M
0.0M
0.0M
0.0M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥27.9B
¥25.1B
¥26.7B
¥21.5B
¥19.7B
Current Assets
¥14.8B
¥13.1B
¥14.1B
¥13.9B
¥12.1B
Cash & Deposits
¥1.1B
¥769M
¥1.6B
¥1.2B
¥1.5B
Trade Receivables
—
¥5.0B
¥5.8B
¥6.4B
¥5.2B
Non-Current Assets
¥13.1B
¥12.1B
¥12.7B
¥7.6B
¥7.6B
PP&E
¥5.1B
¥4.8B
¥4.0B
¥3.5B
¥3.6B
Intangible Assets
—
¥809M
¥777M
¥410M
¥345M
Investment Securities
¥3.9B
¥4.1B
¥5.8B
¥3.6B
¥3.6B
Deferred Tax Assets
—
¥27M
¥26M
¥28M
¥25M
Total Liabilities
¥14.6B
¥12.3B
¥13.0B
¥10.9B
¥9.6B
Current Liabilities
¥11.3B
¥9.6B
¥10.2B
¥9.8B
¥8.5B
Accounts Payable
—
¥1.7B
¥4.1B
¥4.9B
¥4.0B
ST Debt
¥6.4B
¥4.4B
¥3.8B
¥3.2B
¥2.8B
Taxes Payable
—
¥48M
¥80M
¥94M
¥81M
Non-Current Liabilities
¥3.3B
¥2.8B
¥2.8B
¥1.1B
¥1.1B
Total LT Borrowings
¥798M
¥400M
—
—
—
Pension Obligations
—
¥466M
¥604M
¥214M
¥396M
Deferred Tax Liab.
—
¥1.1B
¥1.7B
¥442M
¥383M
Total Equity
¥13.3B
¥12.8B
¥13.7B
¥10.5B
¥10.1B
Capital Stock
—
¥1.1B
¥1.1B
¥1.1B
¥1.1B
Capital Surplus
—
¥117M
¥117M
¥117M
¥117M
Retained Earnings
¥6.5B
¥6.6B
¥6.6B
¥6.2B
¥6.0B
Treasury Stock
—
¥-9M
¥-9M
¥-9M
¥-9M
AOCI
—
¥4.8B
¥5.7B
¥3.0B
¥2.7B
Equity (owners)
¥7.7B
¥7.8B
¥7.8B
¥7.4B
¥7.2B
Minority Interests
—
¥201M
¥209M
¥190M
¥163M
Total Interest-Bearing Debt ⓘ
¥7.2B
¥4.8B
¥3.8B
¥3.2B
¥2.8B
Net Cash ⓘ
¥-6.1B
¥-4.0B
¥-2.2B
¥-2.0B
¥-1.4B
NCAV ⓘ
¥179M
¥723M
¥1.0B
¥3.0B
¥2.5B
NCAV/Share
—
¥168
¥241
¥685
¥576
BV/Share
—
¥1,810
¥1,801
¥1,709
¥1,670
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥-376M
¥-268M
¥1.1B
¥149M
¥1.2B
Interest Paid
—
¥-43M
¥-25M
¥-17M
¥-15M
Interest Received
—
¥230M
¥151M
¥127M
¥113M
D&A
¥935M
¥840M
¥678M
¥852M
¥726M
Investing CF
¥-1.5B
¥-1.3B
¥-1.2B
¥-766M
¥-593M
CapEx
¥1.5B
¥1.1B
¥786M
—
—
Proceeds from Invest.
—
—
—
—
¥0M
Financing CF
¥2.1B
¥747M
¥460M
¥261M
¥-382M
Dividends Paid
—
¥-216M
¥-129M
¥-120M
¥-107M
LT Debt Repaid
—
—
—
—
¥0M
Free Cash Flow
¥-1.8B
¥-1.4B
¥346M
¥149M
¥1.2B
Net Change in Cash
—
¥-809M
¥409M
¥-281M
¥294M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
0.3%
2.0%
3.8%
2.8%
4.0%
ROA
0.1%
1.0%
2.1%
1.4%
2.0%
EPS
¥7.78
¥57.43
¥120.04
¥66.24
¥91.73
DPS
¥16.00
¥32.00
¥32.00
¥28.00
¥27.00
BPS
¥3,032.29
¥2,914.84
¥3,130.30
¥2,393.34
¥2,306.60
FCF/Share
—
¥-326
¥80
¥35
¥286
NCAV/Share
—
¥168
¥241
¥685
¥576
Payout Ratio
205.7%
55.7%
26.7%
42.3%
29.4%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 14
Date Activist Stake Event Flag Demands Source
2026-02-17
HINO MOTORS, LTD.
86.8%
+56.56%
change
Passive
—
2026-02-17
HONDA MOTOR CO., LTD.
—
exit
Passive
—
2026-02-16
DENSO CORPORATION
—
exit
Passive
—
2026-02-10
ARTS-4 Co., Ltd.
86.8%
initial_5pct
Passive
—
2026-01-13
HINO MOTORS, LTD.
29.15%
-1.09%
correction
Passive
—
2026-01-13
HINO MOTORS, LTD.
30.24%
correction
Passive
—
2026-01-13
HINO MOTORS, LTD.
30.24%
correction
Passive
—
2025-12-26
HINO MOTORS, LTD.
29.15%
-1.09%
initial_5pct
Passive
—
2025-12-26
HINO MOTORS, LTD.
30.24%
change
Passive
—
2025-12-26
HINO MOTORS, LTD.
30.24%
change
Passive
—
2025-12-25
DENSO CORPORATION
9.25%
change
Passive
—
2025-12-25
HONDA MOTOR CO., LTD.
6.02%
change
Passive
—
2025-11-27
HONDA MOTOR CO., LTD.
6.02%
correction
Passive
—
2025-06-20
HONDA MOTOR CO., LTD.
6.02%
initial_5pct
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
日野自動車株式会社
1,307
30.29%
2
株式会社デンソー
400
9.27%
3
本田技研工業株式会社
260
6.03%
4
澤藤電機従業員持株会
169
3.93%
5
株式会社三井住友銀行
120
2.78%
6
株式会社三菱UFJ銀行
80
1.85%
7
三井住友信託銀行株式会社
60
1.39%
8
日本証券金融株式会社
37
0.86%
9
柴田 弘子
35
0.82%
10
MSIP CLIENT SECURITIES
32
0.74%
Domestic Nominees
1.4%
-2.9% 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
56.6%
+1.0% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
日野自動車
30.29%
30.29%
30.29%
式会社デンソー
9.27%
9.27%
9.27%
本田技研工業
6.03%
6.03%
6.03%
澤藤電機従業員持株会
3.42%
3.56%
3.93%
+0.37%
三井住友銀行
2.78%
2.78%
2.78%
式会社三菱UFJ銀行
1.85%
1.85%
1.85%
三井住友信託銀行
1.39%
1.39%
1.39%
日本証券金融
NEW ENTRY
—
—
—
0.86%
NEW
柴田 弘子
0.95%
0.85%
0.82%
-0.03%
MSIP CLIENT SECURITIES
NEW ENTRY
—
—
—
0.74%
NEW
日本マスタートラスト信託銀行
last seen 2024
Exited Top 10
3.44%
2.91%
—
三井住友海上火災保険
last seen 2024
Exited Top 10
—
0.93%
—
SMBC日興証券
last seen 2023
Exited Top 10
1.43%
—
—
Concentration (HHI)
ⓘ
1079
1076
1070
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥4,075M
+15% since 2023
Holdings
1
Trend
1 building
vs 2023
Held Company
FY2025
¥4,075M total
FY2023
¥3,552M total
Book Val ¥M
Shares
Book Val ¥M
Shares
HONDA MOTOR CO., LTD.
本田技研工業㈱
4,075
+200.0%
↑
3,036,000
3,552
1,012,000
M
Portfolio total
4,075
3,552
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding