6905
COSEL CO.,LTD.
コーセル株式会社
Industrials · Electrical Equipment & Parts
Cosel Co., Ltd. manufactures and sells electrical components and EMI filters in Japan and internationally. The company operates through five segments: Sales Business, North American Sales Business, European Production and Sales Business, Asian Sales Business, and Chinese Production Business. It offers AC-DC power supplies and DC-DC converters; and three- and single-phase EMI filters and DC input EMI filters, as well as semiconductor devices, such as IC and FET products, transistors, diodes, etc. for use in industrial and consumer equipment. The company was formerly known as Elco Co., Ltd. and changed its name to Cosel Co., Ltd. in April 1992. Cosel Co., Ltd. was incorporated in 1969 and is headquartered in Toyama, 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
¥27.1B
¥41.4B
¥35.3B
¥28.1B
Cost of Sales
¥19.8B
¥27.7B
¥24.6B
¥20.1B
Gross Profit
¥7.2B
¥13.7B
¥10.6B
¥8.0B
SG&A
¥6.6B
¥6.8B
¥5.7B
¥5.1B
Operating Income
¥628M
¥6.9B
¥4.9B
¥2.8B
Non-Operating Income
¥276M
¥947M
¥365M
¥182M
Dividend Income
¥54M
¥45M
¥41M
¥41M
Interest Income
¥89M
¥77M
¥30M
¥19M
Non-Operating Expenses
¥163M
¥10M
¥18M
¥11M
Interest Expense
¥12M
¥10M
¥11M
¥11M
Ordinary Income
¥741M
¥7.9B
¥5.3B
¥3.0B
Pre-tax Income
¥316M
¥7.5B
¥5.2B
¥2.9B
Income Taxes
¥411M
¥2.3B
¥2.0B
¥1.0B
Current Tax
¥86M
¥2.2B
¥1.6B
¥974M
Deferred Tax
¥325M
¥114M
¥21M
¥57M
Net Income (owners)
¥-114M
¥5.2B
¥3.2B
¥1.9B
Minority Interest
¥19M
¥67M
¥45M
¥16M
Comprehensive Income
¥-817M
¥6.4B
¥3.3B
¥2.9B
EBITDA
¥2.2B
¥8.3B
¥6.2B
¥4.1B
Goodwill Amort. (J-GAAP)
¥16M
¥24M
¥23M
¥22M
EPS
¥-2.84
¥155.86
¥93.54
¥55.50
Shares Outstanding
41.1M
33.2M
33.1M
34.1M
Shares Issued (total)
41.2M
35.7M
35.7M
35.7M
Treasury Shares
0.1M
2.5M
2.6M
1.6M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Total Assets
¥60.0B
¥54.4B
¥48.7B
¥45.7B
Current Assets
¥47.8B
¥41.2B
¥36.2B
¥33.3B
Cash & Deposits
¥27.8B
¥16.9B
¥13.4B
¥13.6B
Non-Current Assets
¥12.2B
¥13.2B
¥12.5B
¥12.4B
PP&E
¥7.3B
¥7.6B
¥7.0B
¥7.2B
Goodwill
¥45M
¥64M
¥79M
¥96M
Intangible Assets
¥1.0B
¥1.4B
¥1.2B
¥1.4B
Investment Securities
¥3.4B
¥3.7B
¥3.7B
¥3.3B
Deferred Tax Assets
¥55M
¥86M
¥62M
¥150M
Total Liabilities
¥4.2B
¥7.1B
¥6.4B
¥4.8B
Current Liabilities
¥2.8B
¥6.0B
¥5.4B
¥3.9B
ST Debt
—
—
¥13M
¥65M
Taxes Payable
¥138M
¥1.5B
¥1.5B
¥284M
Non-Current Liabilities
¥1.3B
¥1.1B
¥947M
¥925M
Pension Obligations
¥227M
¥246M
¥242M
¥231M
Deferred Tax Liab.
¥794M
¥462M
¥298M
¥274M
Total Equity
¥55.8B
¥47.3B
¥42.3B
¥40.9B
Capital Stock
¥6.0B
¥2.1B
¥2.1B
¥2.1B
Capital Surplus
¥7.2B
¥2.3B
¥2.3B
¥2.3B
Retained Earnings
¥40.9B
¥43.0B
¥39.3B
¥37.1B
Treasury Stock
¥-57M
¥-2.8B
¥-2.8B
¥-1.8B
AOCI
¥1.8B
¥2.5B
¥1.4B
¥1.3B
Equity (owners)
¥54.0B
¥44.5B
¥40.8B
¥39.6B
Minority Interests
—
¥171M
¥108M
¥71M
Total Interest-Bearing Debt ⓘ
—
—
¥13M
¥65M
Net Cash ⓘ
¥27.8B
¥16.9B
¥13.4B
¥13.5B
NCAV ⓘ
¥43.6B
¥34.0B
¥29.9B
¥28.5B
NCAV/Share
¥1,060
¥1,025
¥901
¥838
BV/Share
¥1,313
¥1,342
¥1,231
¥1,161
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Operating CF
¥3.9B
¥5.5B
¥1.0B
¥-1.0B
Interest Paid
¥-12M
¥-10M
¥-11M
¥-11M
Interest Received
¥143M
¥121M
¥72M
¥61M
D&A
¥1.5B
¥1.4B
¥1.3B
¥1.2B
Goodwill Amort.
¥16M
¥24M
¥23M
¥22M
Investing CF
¥-1.6B
¥-1.8B
¥677M
¥1.9B
CapEx
¥1.6B
¥1.0B
¥863M
¥875M
Purchase Investments
¥-1M
¥-1M
¥-101M
¥-1.9B
Financing CF
¥9.2B
¥-1.6B
¥-2.1B
¥-1.3B
Dividends Paid
¥-2.0B
¥-1.5B
¥-954M
¥-685M
Share Buybacks
¥-0M
¥-0M
¥-1.0B
¥-672M
Free Cash Flow
¥2.3B
¥4.5B
¥169M
¥-1.9B
Net Change in Cash
¥11.2B
¥2.8B
¥-332M
¥-18M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
ROE
-0.2%
11.6%
7.6%
4.7%
ROA
-0.2%
10.0%
6.7%
4.1%
EPS
¥-2.84
¥155.86
¥93.54
¥55.50
DPS
¥55.00
¥54.00
¥32.00
¥26.00
BPS
¥1,357.41
¥1,419.11
¥1,273.82
¥1,198.95
FCF/Share
¥56
¥136
¥5
¥-56
NCAV/Share
¥1,060
¥1,025
¥901
¥838
Payout Ratio
—
34.6%
34.2%
46.8%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 5
Date Activist Stake Event Flag Demands Source
2024-07-24
Kiyoshi Kaiba
6.66%
correction
Passive
—
2024-07-18
LITE-ON TECHNOLOGY CORPORATION
19.96%
initial_5pct
Passive
—
2024-07-18
SOMPO ASSET MANAGEMENT CO.,LTD.
3.91%
change
Passive
—
2024-07-17
Kiyoshi Kaiba
6.66%
change
Passive
—
2024-07-12
Hisaharu Ame
9.64%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 11
#
Shareholder
Shares (thou.)
% of Total
1
LITE-ON TECHNOLOGY CORPORATION (光寶科技股份有限公司) (受信場所 日本ライトン株式会社)
8,221
19.99%
2
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
4,051
9.85%
3
飴 久晴
3,971
9.66%
4
買場 清
2,741
6.66%
5
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
2,017
4.91%
6
若土 征男
1,465
3.56%
7
Custody Bank of Japan, Ltd. (Trust Account)
みずほ信託銀行株式会社 退職給付信託 北陸銀行口 再信託受託者 株式会社日本カストディ銀行
1,117
2.72%
8
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行決済営業部)
1,095
2.66%
9
Business Partner Stock Ownership Plan
コーセル取引先持株会
731
1.78%
10
Employee Stock Ownership Plan
コーセル従業員持株会
621
1.51%
Domestic Nominees
17.5%
-1.9% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
2.7%
+2.7% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
43.2%
+10.3% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
LITE-ON TECHNOLOGY CORPORATION (光寶科技股份有限公司) (受信場所 日本ライトン株式会社)
NEW ENTRY
—
—
—
19.99%
NEW
Japan Master Trust Bank
日本マスタートラスト信託銀行
10.22%
8.56%
9.85%
+1.29%
飴 久晴
12.29%
12.27%
9.66%
-2.61%
Japan Custody Bank
日本カストディ銀行
10.63%
10.79%
7.63%
-3.16%
買場 清
8.49%
8.47%
6.66%
-1.81%
若土 征男
4.42%
4.42%
3.56%
-0.86%
State Street
NEW ENTRY
—
—
—
2.66%
NEW
Business Partner Stock Ownership Plan
コーセル取引先持株会
2.32%
2.45%
1.78%
-0.67%
Employee Stock Ownership Plan
コーセル従業員持株会
1.91%
1.77%
1.51%
-0.26%
町野 利道
last seen 2024
Exited Top 10
2.07%
1.77%
—
森山 昭夫
last seen 2024
Exited Top 10
1.68%
1.68%
—
Concentration (HHI)
ⓘ
476
447
718
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥1,403M
-1% since 2023
Holdings
11
+1 new
1 exited
Trend
1 building
vs 2023
Held Company
FY2025
¥1,403M total
FY2023
¥1,423M total
Book Val ¥M
Shares
Book Val ¥M
Shares
HIOKI E.E.CORPORATION
日置電機㈱
388
68,600
652
68,600
M
Ryoyo Ryosan Holdings, Inc.
リョーサン菱洋ホールディングス㈱
345
NEW
New
142,560
—
M
Hokuhoku Financial Group, Inc.
㈱ほくほくフィナンシャルグループ
308
112,800
122
112,800
M
HOKURIKU ELECTRIC INDUSTRY CO., LTD.
北陸電気工業㈱
215
112,600
135
112,600
M
ASAHI PRINTING CO.,LTD.
朝日印刷㈱
48
55,440
49
55,440
M
Daiwa Securities Group Inc.
㈱大和証券グループ本社
43
45,703
29
45,703
M
NACHI-FUJIKOSHI CORP.
㈱不二越
27
+9.4%
↑
8,838
32
8,081
The Bank of Toyama,Ltd.
㈱富山銀行
14
9,300
15
9,300
M
KYOEI SANGYO CO.,LTD.
協栄産業㈱
10
4,500
9
4,500
M
Noritz Kouki Co., Ltd.
ノーリツ鋼機㈱
4
1,000
2
1,000
Aeria Inc.
㈱アエリア
0
400
0
400
Ryosan Co., Ltd.
㈱リョーサン
—
−100%
Exit
—
378
108,000
M
Portfolio total
1,403
1,423
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding