6951
JEOL Ltd.
日本電子株式会社
Electric Appliances
JEOL Ltd. engages in the research, development, manufacture, and marketing of scientific and metrology instruments, semiconductor and industrial equipment, and medical equipment in Japan, the United States, China, and internationally. The company operates through three segments: Scientific and Metrology Instruments, Industrial Equipment, and Medical Equipment. It provides transmission electron microscopes, scanning electron microscopes, nuclear magnetic resonance and mass spectrometers, x-ray fluorescence spectrometers, electron diffractometers, ion beam application equipment, instruments for micro area and surface analysis, electron beam lithography systems, electron microscopes for semiconductors, and clinical chemistry analyzers. The company also offers industrial equipment, including thin film formation equipment, material processing equipment, and an electron beam metal AM machine. In addition, it engages in the processing, maintenance, and services of related products and parts, as well as procurement and sale of peripherals. It serves electrical/electronic components, batteries, energy, automobiles, steel, metal, chemistry, plastic/polymer, glass/ceramic, laboratory/pathology, biology, medicine/drug discovery, food/plant, environment, defense/aerospace, and other industries. The company was formerly known as Japan Electron Optics Laboratory Co., Ltd. and changed its name to JEOL Ltd. in 1961. JEOL Ltd. was incorporated in 1949 and is headquartered in Akishima, Japan.
Price
¥7,114
Market Cap
¥365.7B
Ent. Value
¥337.2B
Net Cash
¥28.6B
Shares Out.
51.4M
P / E
19.5×
EV / EBIT
9.5×
P / Book
2.66×
P / NCAV
4.37×
Div. Yield
1.49%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥196.7B | ¥174.3B | ¥162.7B | ¥138.4B |
| Cost of Sales | ¥104.3B | ¥95.1B | ¥90.0B | ¥83.0B |
| Gross Profit | ¥92.4B | ¥79.3B | ¥72.7B | ¥55.4B |
| SG&A | ¥56.9B | ¥51.8B | ¥48.5B | ¥41.2B |
| Operating Income | ¥35.5B | ¥27.5B | ¥24.2B | ¥14.1B |
| Non-Operating Income | ¥1.2B | ¥2.8B | ¥818M | ¥2.4B |
| Dividend Income | ¥228M | ¥177M | ¥173M | ¥185M |
| Interest Income | ¥249M | ¥220M | ¥108M | ¥45M |
| Non-Operating Expenses | ¥2.3B | ¥321M | ¥1.5B | ¥261M |
| Interest Expense | ¥120M | ¥88M | ¥73M | ¥129M |
| Ordinary Income | ¥34.4B | ¥30.0B | ¥23.5B | ¥16.3B |
| Pre-tax Income | ¥25.0B | ¥29.5B | ¥23.7B | ¥16.7B |
| Income Taxes | ¥6.3B | ¥7.8B | ¥5.9B | ¥4.4B |
| Current Tax | ¥10.1B | ¥8.4B | ¥6.8B | ¥4.8B |
| Deferred Tax | ¥-3.8B | ¥-647M | ¥-964M | ¥-423M |
| Net Income (owners) | ¥18.7B | ¥21.7B | ¥17.8B | ¥12.3B |
| Comprehensive Income | ¥16.8B | ¥27.1B | ¥19.3B | ¥13.4B |
| EBITDA | ¥40.7B | ¥32.3B | ¥29.1B | ¥18.5B |
| Goodwill Amort. (J-GAAP) | ¥253M | ¥97M | ¥249M | ¥229M |
| EPS | ¥365.55 | ¥424.92 | ¥349.34 | ¥246.78 |
| Shares Outstanding | 51.4M | 51.4M | 51.4M | 51.4M |
| Shares Issued (total) | 51.5M | 51.5M | 51.5M | 51.5M |
| Treasury Shares | 0.1M | 0.1M | 0.1M | 0.1M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥222.5B | ¥230.2B | ¥199.3B | ¥189.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥169.5B | ¥169.9B | ¥159.1B | ¥149.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥36.1B | ¥31.5B | ¥34.3B | ¥44.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥51.7B | ¥56.0B | ¥50.4B | ¥41.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥53.0B | ¥60.3B | ¥40.2B | ¥40.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥24.1B | ¥22.5B | ¥21.2B | ¥21.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥911M | ¥599M | ¥640M | ¥1.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥3.8B | ¥2.3B | ¥2.8B | ¥3.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥14.8B | ¥29.6B | ¥9.7B | ¥8.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥8.5B | ¥3.7B | ¥4.0B | ¥3.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥85.8B | ¥104.7B | ¥97.4B | ¥103.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥73.0B | ¥88.1B | ¥80.9B | ¥81.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥11.2B | ¥14.3B | ¥15.4B | ¥13.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥4.4B | ¥6.9B | ¥4.7B | ¥4.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥6.0B | ¥5.7B | ¥4.5B | ¥4.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥12.8B | ¥16.6B | ¥16.5B | ¥21.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥3.2B | ¥7.6B | ¥6.5B | ¥11.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥6.8B | ¥6.6B | ¥7.8B | ¥7.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥223M | ¥219M | ¥344M | ¥343M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥136.7B | ¥125.5B | ¥101.9B | ¥85.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥21.4B | ¥21.4B | ¥21.4B | ¥21.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥21.3B | ¥21.3B | ¥21.3B | ¥21.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥86.2B | ¥73.3B | ¥55.1B | ¥40.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-688M | ¥-847M | ¥-904M | ¥-1.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥8.5B | ¥10.4B | ¥5.0B | ¥3.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥128.1B | ¥115.1B | ¥96.9B | ¥82.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥7.6B | ¥14.5B | ¥11.3B | ¥16.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥28.6B | ¥17.0B | ¥23.0B | ¥27.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥83.7B | ¥65.2B | ¥61.7B | ¥45.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥1,627 | ¥1,267 | ¥1,200 | ¥891 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥2,492 | ¥2,239 | ¥1,884 | ¥1,601 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥23.1B | ¥15.3B | ¥3.4B | ¥22.6B |
| Taxes Paid | ¥-9.8B | ¥-7.2B | ¥-6.1B | ¥-2.2B |
| Interest Paid | ¥-136M | ¥-71M | ¥-73M | ¥-126M |
| Interest Received | ¥480M | ¥428M | ¥248M | ¥231M |
| D&A | ¥4.9B | ¥4.7B | ¥4.7B | ¥4.1B |
| Goodwill Amort. | ¥253M | ¥97M | ¥249M | ¥229M |
| Investing CF | ¥-855M | ¥-18.0B | ¥-5.7B | ¥-648M |
| CapEx | ¥3.0B | ¥3.2B | ¥6.0B | ¥1.2B |
| Purchase Investments | — | ¥-15.7B | ¥-134M | — |
| Proceeds from Invest. | ¥3.0B | ¥12M | ¥863M | ¥864M |
| Financing CF | ¥-17.1B | ¥-798M | ¥-8.7B | ¥5.5B |
| Dividends Paid | ¥-5.8B | ¥-3.5B | ¥-3.4B | ¥-1.3B |
| Share Buybacks | ¥-1M | ¥0M | ¥0M | ¥-1M |
| LT Debt Repaid | ¥-6.9B | ¥-4.7B | ¥-4.9B | ¥-6.2B |
| Free Cash Flow | ¥20.1B | ¥12.1B | ¥-2.7B | ¥21.4B |
| Net Change in Cash | ¥4.8B | ¥-2.2B | ¥-10.3B | ¥28.4B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 14.3% | 19.1% | 19.0% | 17.9% |
| ROA | 8.3% | 10.1% | 9.2% | 6.5% |
| EPS | ¥365.55 | ¥424.92 | ¥349.34 | ¥246.78 |
| DPS | ¥106.00 | ¥102.00 | ¥66.00 | ¥50.00 |
| BPS | ¥2,672.19 | ¥2,457.01 | ¥1,995.55 | ¥1,684.08 |
| FCF/Share | ¥392 | ¥235 | ¥-52 | ¥417 |
| NCAV/Share | ¥1,627 | ¥1,267 | ¥1,200 | ¥891 |
| Payout Ratio | 29.0% | 24.0% | 18.9% | 20.3% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 30
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-15
15:30
|
Div Increase | ¥3.9B ¥79.0/sh +27% | 日本電子 JEOL) announced a dividend increase for fiscal year ending March 31, 2026. The final dividend (期末配当) was increased … | |
|
Summary
日本電子 JEOL) announced a dividend increase for fiscal year ending March 31, 2026. The final dividend (期末配当) was increased by ¥26 per share to ¥79 (vs. prior forecast of ¥53), representing a 49% increase from the prior year's ¥62. Combined with the interim dividend of ¥53, the total annual dividend reaches ¥132 per share, up 24.5% year-over-year from ¥106.
Deadline: 2026-06-26
YoY: +27%
Source (JP)
2026年3月期の期末配当金につきましては、上記基本方針並びに業績、財務状況および株主還元状況等を勘案した結果、26円増配し1株につき普通配当79円とすることとしました。
剰余金の配当(増配)に関するお知らせ
TDnet PDF
|
||||
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
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)
|
6,728 | 13.09% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
3,222 | 6.27% |
| 3 |
NIKON CORPORATION
株式会社ニコン
|
2,300 | 4.47% |
| 4 |
MISAKI ENGAGEMENT MASTER FUND
MISAKI ENGAGEMENT MASTER FUND (常任代理人 香港上海銀行)
|
2,088 | 4.06% |
| 5 |
THE BANK OF NEW YORK MELLON
THE BANK OF NEW YORK MELLON 140042 (常任代理人 株式会社みずほ銀行)
|
1,189 | 2.31% |
| 6 |
MUFG Bank
株式会社三菱UFJ銀行
|
1,125 | 2.19% |
| 7 | 日本電子共栄会 | 1,111 | 2.16% |
| 8 | STATE STREET BANK AND TRUST COMPANY 505103 (常任代理人 株式会社みずほ銀行) | 1,091 | 2.12% |
| 9 |
Nippon Life Insurance
日本生命保険相互会社
|
1,042 | 2.03% |
| 10 | MLI FOR CLIENT GENERAL OMNI NON COLLATERAL NON TREATY-PB (常任代理人 BOFA証券株式会社) | 978 | 1.90% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
19.4%
-2.5% 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
21.2%
+2.3% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 40.6% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 12.96% | 12.88% | 13.09% +0.21% | |
| Japan Custody Bank 日本カストディ銀行 | 5.93% | 8.94% | 6.27% -2.67% | |
| NIKON CORPORATION 式会社ニコン | 4.47% | 4.47% | 4.47% | |
| MISAKI ENGAGEMENT MASTER FUND MISAKI ENGAGEMENT MASTER FUND | — | 3.48% | 4.06% +0.58% | |
| THE BANK OF NEW YORK MELLON THE BANK OF NEW YORK MELLON 140042 ↑ | — | 1.86% | 2.31% +0.45% | |
| MUFG Bank 式会社三菱UFJ銀行 | 2.19% | 2.19% | 2.19% | |
| 日本電子共栄会 | 2.17% | 2.13% | 2.16% +0.03% | |
| STATE STREET BANK AND TRUST COMPANY 505103 NEW ENTRY | — | — | — | 2.12% NEW |
| Nippon Life Insurance 日本生命保険 | 2.03% | 2.03% | 2.03% | |
| MLI FOR CLIENT GENERAL OMNI NON COLLATERAL NON TREATY-PB NEW ENTRY | 2.02% | — | 1.90% NEW | |
| SSBTC CLIENT OMNIBUS ACCOUNT SSBTC CLIENT OMNIBUS ACCOUNT last seen 2024 | Exited Top 10 | 5.64% | 2.78% | — |
| 日本電子グループ従業員持株会 last seen 2023 | Exited Top 10 | 1.72% | — | — |
| Concentration (HHI) ⓘ | 276 | 303 | 274 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥7,635M
+5% since 2023
Holdings
18
+1 new
5 exited
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥7,635M total | FY2023 ¥7,305M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
1,762 |
876,185
|
742 | 876,185 | M |
|
Shimadzu Corporation
㈱島津製作所
|
1,667 |
447,000
|
1,850 | 447,000 | M |
|
Tokuyama Corporation
㈱トクヤマ
|
1,520 |
545,000
|
1,147 | 545,000 | M |
|
TOPCON CORPORATION
㈱トプコン
|
1,074 |
-45.0%
↓
330,000
|
1,069 | 600,000 | |
|
Tokio Marine Holdings, Inc.
東京海上ホールディングス㈱
|
398 |
69,510
|
177 | 69,510 | M |
|
TECHNO RYOWA LTD.
㈱テクノ菱和
|
312 |
119,020
|
103 | 119,020 | M |
|
Foster Electric Company, Limited
フォスター電機㈱
|
191 |
147,900
|
170 | 147,900 | M |
|
SAXA, Inc.
サクサ㈱
|
184 |
NEW
New
59,900
|
— | M | |
|
ULVAC,Inc.
㈱アルバック
|
152 |
30,000
|
172 | 30,000 | M |
| ㈱八十二銀行 | 116 |
110,000
|
63 | 110,000 | M |
|
譬ェ蠑丈シ夂、セ繧√�カ縺阪ヵ繧」繝翫Φ繧キ繝」繝ォ繧ー繝ォ繝シ繝�
㈱めぶきフィナンシャルグループ
|
103 |
142,740
|
46 | 142,740 | M |
|
The Yamagata Bank, Ltd.
㈱山形銀行
|
48 |
34,200
|
34 | 34,200 | M |
|
TOKAI CARBON CO., LTD.
東海カーボン㈱
|
40 |
42,800
|
53 | 42,800 | M |
|
KYOEI SANGYO CO.,LTD.
協栄産業㈱
|
38 |
16,400
|
36 | 16,400 | M |
|
THE TOWA BANK,LTD.
㈱東和銀行
|
27 |
44,700
|
24 | 44,700 | M |
|
TOHOKU CHEMICAL CO., LTD.
東北化学薬品㈱
|
3 |
1,000
|
3 | 1,000 | M |
|
The Yamanashi Chuo Bank,Ltd.
㈱山梨中央銀行
|
— | — | |||
|
The Musashino Bank, Ltd.
㈱武蔵野銀行
|
— | — | M | ||
|
MICRONICS JAPAN CO.,LTD.
㈱日本マイクロニクス
|
— |
−100%
Exit
—
|
257 | 193,400 | |
|
OLYMPUS CORPORATION
オリンパス㈱
|
— |
−100%
Exit
—
|
845 | 364,800 | |
|
Mitsubishi Electric Corporation
三菱電機㈱
|
— |
−100%
Exit
—
|
394 | 250,000 | |
| サクサホールディングス㈱ | — |
−100%
Exit
—
|
111 | 59,900 | M |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
— |
−100%
Exit
—
|
9 | 5,200 | M |
| Portfolio total | 7,635 | 7,305 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding