7224
ShinMaywa Industries, Ltd.
新明和工業株式会社
Transportation Equipments
ShinMaywa Industries, Ltd., together with its subsidiaries, engages in the manufacture and sale of work vehicles in Japan, Asia, North America, and internationally. The company offers amphibian and aircraft components; and special purpose trucks, such as dump trucks, refuse compactors, tailgate lifters, concrete mixers, tanks, and sewerage cleaning trucks; and fluid and related facilities and equipment, including pumps, essentials for water treatment, and remote monitoring systems. It also provides parking systems; wire processing system; environmental systems; thin film vacuum coating systems; direct drive motors; and aircraft passenger boarding bridges. In addition, the company manufactures, sells, installs, maintains, improves, and repairs mechanical car parking systems; and develops a range of surface system. The company was formerly known as Shin Meiwa Industry Company Limited. ShinMaywa Industries, Ltd. was incorporated in 1949 and is headquartered in Takarazuka, Japan.
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Overview
Filings & Signals
Ownership
Financials
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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
¥285.0B
¥266.4B
¥257.1B
¥225.2B
¥216.8B
Cost of Sales
¥235.6B
¥221.7B
¥216.2B
¥189.2B
¥181.7B
Gross Profit
¥49.4B
¥44.8B
¥40.8B
¥35.9B
¥35.1B
SG&A
¥33.0B
¥30.8B
¥29.1B
¥26.6B
¥24.5B
Operating Income
¥16.3B
¥14.0B
¥11.8B
¥9.3B
¥10.6B
Non-Operating Income
¥1.8B
¥997M
¥1.8B
¥1.5B
¥1.8B
Dividend Income
—
¥272M
¥244M
¥183M
¥175M
Interest Income
—
¥149M
¥135M
¥78M
¥60M
Non-Operating Expenses
—
¥1.4B
¥1.5B
¥872M
¥555M
Interest Expense
—
¥461M
¥455M
¥273M
¥205M
Ordinary Income
¥16.3B
¥13.5B
¥12.1B
¥9.9B
¥11.8B
Pre-tax Income
¥16.0B
¥13.3B
¥11.7B
¥10.2B
¥11.7B
Income Taxes
¥4.5B
¥4.1B
¥4.0B
¥2.4B
¥4.5B
Current Tax
—
¥5.1B
¥5.3B
¥3.6B
¥3.7B
Deferred Tax
—
¥-1.0B
¥-1.4B
¥-1.1B
¥815M
Net Income (owners)
¥11.5B
¥9.0B
¥7.3B
¥7.3B
¥6.9B
Minority Interest
—
¥192M
¥436M
¥448M
¥307M
Comprehensive Income
—
¥9.9B
¥11.8B
¥9.8B
¥7.3B
EBITDA
¥22.5B
¥19.7B
¥17.1B
¥14.7B
¥16.2B
Goodwill Amort. (J-GAAP)
—
¥59M
¥111M
¥106M
¥71M
EPS
¥174.02
¥135.61
¥110.38
¥111.00
¥104.96
Shares Outstanding
—
66.1M
66.0M
65.9M
65.8M
Shares Issued (total)
—
70.0M
70.0M
70.0M
70.0M
Treasury Shares
—
3.9M
4.0M
4.1M
4.2M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥296.1B
¥266.4B
¥260.1B
¥226.9B
¥221.2B
Current Assets
¥199.5B
¥179.0B
¥178.1B
¥152.5B
¥148.6B
Cash & Deposits
¥36.1B
¥28.5B
¥23.4B
¥22.7B
¥26.6B
Trade Receivables
—
¥74.9B
¥83.2B
¥62.8B
¥62.1B
Non-Current Assets
¥96.5B
¥87.4B
¥82.0B
¥74.4B
¥72.6B
PP&E
¥52.8B
¥49.5B
¥45.0B
¥42.5B
¥42.4B
Intangible Assets
—
¥2.9B
¥2.6B
¥2.7B
¥2.9B
Investment Securities
¥19.0B
¥14.5B
¥14.9B
¥11.2B
¥11.6B
Deferred Tax Assets
—
¥8.4B
¥7.5B
¥7.5B
¥6.7B
Total Liabilities
¥170.4B
¥153.4B
¥151.4B
¥126.5B
¥126.9B
Current Liabilities
¥119.4B
¥93.4B
¥122.4B
¥68.5B
¥65.9B
Accounts Payable
—
¥31.3B
¥34.2B
¥27.3B
¥25.9B
ST Debt
¥14.0B
¥7.2B
¥36.8B
¥8.6B
¥5.3B
Taxes Payable
—
¥4.5B
¥4.2B
¥2.3B
¥2.5B
Non-Current Liabilities
¥51.0B
¥60.0B
¥29.0B
¥57.9B
¥61.0B
Total LT Borrowings
¥35.0B
¥44.0B
¥13.0B
¥43.0B
¥46.1B
Pension Obligations
—
¥13.4B
¥13.3B
¥13.0B
¥13.0B
Deferred Tax Liab.
—
¥113M
¥102M
¥104M
¥154M
Total Equity
¥125.7B
¥113.1B
¥108.7B
¥100.4B
¥94.3B
Capital Stock
—
¥16.0B
¥16.0B
¥16.0B
¥16.0B
Capital Surplus
—
¥14.8B
¥15.7B
¥15.7B
¥15.7B
Retained Earnings
¥87.4B
¥79.4B
¥74.4B
¥70.2B
¥65.9B
Treasury Stock
—
¥-5.6B
¥-5.8B
¥-5.8B
¥-6.0B
AOCI
—
¥7.4B
¥6.7B
¥2.7B
¥847M
Equity (owners)
¥112.6B
¥104.7B
¥100.3B
¥96.0B
¥91.6B
Minority Interests
—
¥1.0B
¥1.7B
¥1.7B
¥1.8B
Total Interest-Bearing Debt ⓘ
¥49.0B
¥51.2B
¥49.8B
¥51.6B
¥51.5B
Net Cash ⓘ
¥-12.9B
¥-22.7B
¥-26.4B
¥-28.9B
¥-24.9B
NCAV ⓘ
¥29.2B
¥25.7B
¥26.7B
¥26.0B
¥21.7B
NCAV/Share
—
¥388
¥405
¥395
¥329
BV/Share
—
¥1,584
¥1,521
¥1,457
¥1,392
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥24.4B
¥20.5B
¥14.1B
¥6.4B
¥16.0B
Interest Paid
—
¥-473M
¥-444M
¥-255M
¥-211M
Interest Received
—
¥488M
¥574M
¥455M
¥324M
D&A
¥6.2B
¥5.6B
¥5.2B
¥5.3B
¥5.6B
Goodwill Amort.
—
¥59M
¥111M
¥106M
¥71M
Investing CF
¥-10.6B
¥-10.8B
¥-8.2B
¥-7.2B
¥-7.2B
CapEx
¥9.4B
¥10.2B
¥5.6B
¥4.3B
¥4.5B
Purchase Investments
—
¥-673M
¥-767M
¥-462M
¥-411M
Financing CF
¥-6.3B
¥-5.1B
¥-5.9B
¥-4.1B
¥-5.2B
Dividends Paid
—
¥-3.3B
¥-3.1B
¥-2.9B
¥-2.5B
Share Buybacks
—
—
—
¥-1M
¥0M
LT Debt Repaid
—
¥-29.2B
¥-2.2B
¥-2.5B
¥-2.4B
Free Cash Flow
¥15.0B
¥10.3B
¥8.5B
¥2.2B
¥11.5B
Net Change in Cash
—
¥4.6B
¥356M
¥-4.0B
¥3.9B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
9.6%
8.2%
7.1%
7.6%
7.7%
ROA
4.1%
3.4%
3.0%
3.3%
3.1%
EPS
¥174.02
¥135.61
¥110.38
¥111.00
¥104.96
DPS
¥27.00
¥52.00
¥47.00
¥45.00
¥42.00
BPS
¥1,888.04
¥1,695.05
¥1,622.06
¥1,498.16
¥1,404.53
FCF/Share
—
¥155
¥129
¥33
¥175
NCAV/Share
—
¥388
¥405
¥395
¥329
Payout Ratio
15.5%
38.3%
42.6%
40.5%
40.0%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 7
Date Activist Stake Event Flag Demands Source
2026-05-12
Nomura Securities Co.,Ltd.
6.45%
+1.14%
change
Passive
—
2026-04-07
Nomura Securities Co.,Ltd.
5.31%
initial_5pct
Passive
—
2024-03-07
Asset Management One Co., Ltd.
4.34%
-1.04%
change
Passive
—
2023-12-07
Asset Management One Co., Ltd.
5.38%
-1.24%
change
Passive
—
2023-08-07
Asset Management One Co., Ltd.
6.62%
+1.36%
change
Passive
—
2023-06-22
Asset Management One Co., Ltd.
5.26%
initial_5pct
Passive
—
2023-06-08
Sanshin Co.,Ltd
10.13%
change
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-08
16:00
Div Increase
¥29.0/sh
+7%
ShinMaywa Industries, revised upward its FY2026 year-end dividend forecast from ¥27 to ¥29 per share, driven by strong c…
Summary
ShinMaywa Industries, revised upward its FY2026 year-end dividend forecast from ¥27 to ¥29 per share, driven by strong consolidated results and financial position. The full-year dividend (including interim) is raised to ¥56 per share, achieving a DOE (Dividend on Equity) target of 3.1% aligned with the company's 3-year medium-term plan. This represents a 7.4% increase in full-year dividend versus the prior forecast and is consistent with the company's commitment to stable and continuous dividend growth.
YoY: +7%
Source (JP)
2026年3月期期末の配当予想を1株当たり29円に修正いたします(前回予想は1株当たり27円)。これにより、中間配当金を含めた当期の年間配当金は、1株当たり56円(DOE:3.1%)となります。
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 21
#
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)
8,229
12.45%
2
三信株式会社
6,749
10.21%
3
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
4,015
6.08%
4
Employee Stock Ownership Plan
新明和グループ従業員持株会
3,333
5.04%
5
Sumitomo Realty & Development Co.,Ltd.
住友不動産株式会社
1,838
2.78%
6
東洋ビルメンテナンス株式会社
1,391
2.11%
7
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)
1,357
2.05%
8
Business Partner Stock Ownership Plan
新明和グループ取引先持株会
1,148
1.74%
9
STATE STREET BANK WEST CLIENT - TREATY
STATE STREET BANK WEST CLIENT - TREATY 505234(常任代理人 株式会社みずほ銀行)
910
1.38%
10
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385781(常任代理人 株式会社みずほ銀行)
738
1.12%
Domestic Nominees
18.5%
+0.7% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
4.5%
+2.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
21.9%
-0.6% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
13.02%
11.71%
12.45%
+0.74%
三信
11.20%
10.23%
10.21%
-0.02%
Japan Custody Bank
日本カストディ銀行
6.23%
6.15%
6.08%
-0.07%
Employee Stock Ownership Plan
新明和グループ従業員持株会
4.63%
4.83%
5.04%
+0.21%
State Street
1.40%
1.39%
3.43%
+2.04%
Sumitomo Realty & Development Co.,Ltd.
住友不動産
2.79%
2.79%
2.78%
-0.01%
東洋ビルメンテナンス
2.11%
2.11%
2.11%
Business Partner Stock Ownership Plan
新明和グループ取引先持株会
1.23%
1.45%
1.74%
+0.29%
JP Morgan
1.11%
1.18%
1.12%
-0.06%
BNP PARIBAS LUXEMBOURG/2S/JASDEC/JANUS HENDERSON HORIZON FUND
last seen 2024
Exited Top 10
1.21%
1.11%
—
Concentration (HHI)
ⓘ
374
322
350
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥5,849M
+39% since 2023
Holdings
21
Trend
1 unwinding
vs 2023
Held Company
FY2025
¥5,849M total
FY2023
¥4,202M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
1,012
181,100
540
181,100
M
Inaba Denki Sangyo Co., Ltd.
因幡電機産業㈱
841
221,500
640
221,500
M
Topre Corporation
東プレ㈱
601
320,000
392
320,000
M
ISUZU MOTORS LIMITED
いすゞ自動車㈱
593
294,200
464
294,200
HI-LEX CORPORATION
㈱ハイレックスコーポレーション
523
332,200
402
332,200
M
MEIDENSHA CORPORATION
㈱明電舎
459
+142.0%
↑
106,500
84
44,000
M
TAKUMA CO., LTD.
㈱タクマ
407
222,000
294
222,000
M
Kanamoto Co., Ltd.
㈱カナモト
324
100,000
217
100,000
INFRONEER Holdings Inc.
インフロニア・ホールディングス㈱
301
-50.1%
↓
249,300
510
499,300
M
ANA HOLDINGSINC.
ANAホールディングス㈱
298
108,257
311
108,257
Sompo Holdings, Inc.
SOMPOホールディングス㈱
178
+200.0%
↑
39,375
68
13,125
M
KYOKUTO KAIHATSU KOGYO CO.,LTD.
極東開発工業㈱
73
31,173
50
31,173
M
HINO MORTORS,LTD.
日野自動車㈱
69
165,375
91
165,375
KAWANISHI WAREHOUSE CO.,LTD.
川西倉庫㈱
51
50,000
50
50,000
Tokyo Tatemono Co., Ltd.
東京建物㈱
35
14,006
22
14,006
ORIX CORPORATION
オリックス㈱
30
10,000
21
10,000
Mazda Motor Corporation
マツダ㈱
22
23,562
28
23,562
Tokyu Fudosan Holdings Corporation
東急不動産ホールディングス㈱
14
14,310
9
14,310
Maru Un Co., Ltd.
㈱丸運
14
32,743
7
32,743
TOMITA CO.LTD.
㈱トミタ
4
+48.5%
↑
2,975
2
2,003
東洋機械金属㈱
—
—
Portfolio total
5,849
4,202
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding