7242
KYB Corporation
カヤバ株式会社
Transportation Equipments
KYB Corporation manufactures and sells automotive, hydraulic, and aircraft components worldwide. It offers automotive products, including shock absorbers, electric power steering, hydraulic power steering vane pumps, and vane pumps for CVT; motorcycle components comprising suspension and shock absorbers for ATVs and snowmobiles; railroad equipment and suspension systems; and aircraft components, such as actuators and related equipment. The company also provides pumps, motors, cylinders, valves, and related communication devices; mini-motion package hydraulic linear actuator, oil buffers, small axial piston pumps, mini-buffers, and gas springs; and construction mixer trucks, granule carriers, tilting drum mixing machines, and equipment for environment, as well as theater equipment, marine products, and products for sports and welfare. The company was formerly known as Kayaba Industry Co., Ltd. and changed its name to KYB Corporation in October 2015. KYB Corporation was founded in 1919 and is headquartered in Tokyo, Japan.
Price
¥4,045
Market Cap
¥193.8B
Ent. Value
¥257.6B
Net Debt
−¥63.8B
Shares Out.
47.9M
P / E
6.4×
EV / EBIT
7.4×
P / Book
0.74×
P / NCAV
4.57×
Div. Yield
1.85%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥481.5B | ¥481.5B | ¥442.8B | ¥431.2B | ¥388.4B |
| Cost of Sales | ¥383.6B | ¥383.6B | ¥361.5B | ¥346.0B | ¥309.6B |
| Gross Profit | ¥97.9B | ¥97.9B | ¥81.3B | ¥85.2B | ¥78.8B |
| SG&A | ¥68.6B | ¥68.6B | ¥60.3B | ¥59.7B | ¥54.0B |
| Operating Income | ¥34.9B | ¥34.9B | ¥22.4B | ¥32.5B | ¥30.0B |
| Non-Operating Income | — | ¥1.6B | ¥1.2B | ¥924M | ¥1.2B |
| Non-Operating Expenses | — | ¥2.3B | ¥2.2B | ¥1.7B | ¥2.3B |
| Ordinary Income | ¥34.9B | ¥22.7B | — | — | — |
| Pre-tax Income | ¥34.9B | ¥34.9B | ¥21.4B | ¥31.8B | ¥28.8B |
| Net Income (owners) | ¥29.0B | ¥29.0B | ¥15.8B | ¥27.2B | ¥22.5B |
| Minority Interest | — | ¥1.7B | ¥1.5B | ¥1.4B | ¥1.4B |
| Comprehensive Income | — | ¥22.4B | ¥45.6B | ¥35.5B | ¥35.6B |
| EBITDA | ¥54.4B | ¥54.4B | ¥41.3B | ¥51.2B | ¥48.3B |
| EPS | ¥631.99 | ¥631.99 | ¥589.59 | ¥1,028.40 | ¥854.96 |
| Shares Outstanding | — | 47.9M | 25.0M | 25.5M | 25.5M |
| Shares Issued (total) | — | 50.5M | 25.2M | 25.7M | 25.7M |
| Treasury Shares | — | 2.6M | 0.2M | 0.2M | 0.2M |
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥493.7B | ¥493.7B | ¥476.5B | ¥446.8B | ¥434.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥276.2B | ¥276.2B | ¥255.9B | ¥252.0B | ¥240.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥50.2B | ¥50.2B | ¥46.6B | ¥43.6B | ¥52.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥217.5B | ¥217.5B | ¥220.6B | ¥194.9B | ¥193.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥164.4B | ¥164.4B | ¥156.9B | ¥158.4B | ¥159.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | ¥248M | ¥248M | ¥268M | ¥266M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥2.7B | ¥3.1B | ¥3.2B | ¥3.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥2.6B | ¥3.0B | ¥2.8B | ¥1.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥233.8B | ¥233.8B | ¥250.1B | ¥255.8B | ¥273.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥151.1B | ¥151.1B | ¥189.7B | ¥197.2B | ¥198.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥51.4B | ¥51.4B | ¥58.6B | ¥69.1B | ¥65.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥82.7B | ¥82.7B | ¥60.4B | ¥58.6B | ¥74.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥62.6B | ¥62.6B | ¥30.8B | ¥15.5B | ¥25.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥7.5B | ¥13.1B | ¥7.6B | ¥8.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥259.9B | ¥259.9B | ¥226.4B | ¥191.0B | ¥160.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥36.1B | ¥36.1B | ¥38.4B | ¥38.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥166.8B | ¥166.8B | ¥123.1B | ¥98.5B | ¥76.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-7.1B | ¥-842M | ¥-583M | ¥-605M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥31.9B | ¥31.2B | ¥18.9B | ¥12.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥249.8B | ¥249.8B | ¥217.2B | ¥182.8B | ¥153.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥9.5B | ¥9.2B | ¥8.2B | ¥7.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥114.0B | ¥114.0B | ¥89.5B | ¥84.5B | ¥90.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-63.8B | ¥-63.8B | ¥-42.8B | ¥-41.0B | ¥-38.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥42.4B | ¥42.4B | ¥5.8B | ¥-3.8B | ¥-32.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥885 | ¥232 | ¥-151 | ¥-1,286 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥5,214 | ¥8,673 | ¥7,156 | ¥6,006 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥19.5B | ¥19.5B | ¥39.9B | ¥23.9B | ¥24.2B |
| D&A | ¥19.4B | ¥19.4B | ¥18.9B | ¥18.7B | ¥18.3B |
| Investing CF | ¥-6.6B | ¥-6.6B | ¥-23.5B | ¥-13.5B | ¥-10.9B |
| CapEx | ¥22.3B | ¥22.3B | ¥24.6B | ¥11.6B | ¥9.3B |
| Financing CF | ¥-12.3B | ¥-12.3B | ¥-15.0B | ¥-20.2B | ¥-32.7B |
| Free Cash Flow | ¥-2.8B | ¥-2.8B | ¥15.2B | ¥12.3B | ¥15.0B |
| Net Change in Cash | — | ¥791M | ¥3.1B | ¥-8.5B | ¥-16.6B |
| Metric |
FY 2025
TDnet |
FY 2024
TDnet |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 11.2% | 11.9% | 7.6% | 15.5% | 14.0% |
| ROA | 5.9% | 6.0% | 3.4% | 6.2% | 5.2% |
| EPS | ¥631.99 | ¥631.99 | ¥589.59 | ¥1,028.40 | ¥854.96 |
| DPS | ¥75.00 | ¥75.00 | ¥200.00 | ¥200.00 | ¥105.00 |
| BPS | ¥5,491.63 | ¥5,491.63 | — | — | — |
| FCF/Share | — | ¥-59 | ¥609 | ¥481 | ¥585 |
| NCAV/Share | — | ¥885 | ¥232 | ¥-151 | ¥-1,286 |
| Payout Ratio | 11.9% | 11.9% | 33.9% | 19.4% | 12.3% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 6
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-13
16:00
|
Div Increase | ¥81.0/sh +35% | Kayaba announced a final dividend increase for FY2026 (ended March 31, 2026) from the prior forecast of 75 yen to 81 yen… | |
|
Summary
Kayaba announced a final dividend increase for FY2026 (ended March 31, 2026) from the prior forecast of 75 yen to 81 yen per ordinary share, representing a 6-yen increase driven by strong business performance. The total annual dividend is now 156 yen per share (75 yen interim + 81 yen final). The dividend aligns with the company's stated policy of maintaining a consolidated payout ratio of 30% or higher with stable, continuous distributions.
Deadline: 2026-06-25
YoY: +35%
Source (JP)
当期の期末配当につきましては、普通株式１株につき75円00銭を予定しておりましたが、配当方針ならびに当期の業績を勘案し、１株当たり６円00銭増配し81円00銭とすることといたしました。
剰余金の配当に関するお知らせ
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)
|
5,107 | 10.66% |
| 2 |
TOYOTA MOTOR CORPORATION
トヨタ自動車株式会社
|
2,939 | 6.13% |
| 3 |
Japan Custody Bank
株式会社日本カストディ銀行 (信託口)
|
2,230 | 4.65% |
| 4 |
Stock Ownership Plan
カヤバ協力会社持株会
|
2,081 | 4.34% |
| 5 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社
|
2,009 | 4.19% |
| 6 |
Hitachi Construction Machinery Co., Ltd.
日立建機株式会社
|
1,784 | 3.72% |
| 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 みずほ銀行口 再信託受託者 株式会社日本カストディ銀行
|
1,223 | 2.55% |
| 8 |
The Ogaki Kyoritsu Bank, Ltd.
株式会社大垣共立銀行
|
1,183 | 2.47% |
| 9 | 野村 絢(常任代理人 三田証券株式会社) | 1,157 | 2.41% |
| 10 |
Employee Stock Ownership Plan
カヤバ従業員持株会
|
1,100 | 2.30% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
17.9%
-1.9% 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
25.6%
+1.6% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 43.4% · 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 | 11.03% | 13.89% | 10.66% -3.23% | |
| Japan Custody Bank 日本カストディ銀行 ↑ | 6.43% | 5.88% | 7.20% +1.32% | |
| TOYOTA MOTOR CORPORATION トヨタ自動車 | 7.69% | 5.87% | 6.13% +0.26% | |
| Stock Ownership Plan カヤバ協力会社持株会 | — | 4.14% | 4.34% +0.20% | |
| Meiji Yasuda Life Insurance 明治安田生命保険 | 3.93% | 4.01% | 4.19% +0.18% | |
| Hitachi Construction Machinery Co., Ltd. 日立建機 | 3.49% | 3.56% | 3.72% +0.16% | |
| The Ogaki Kyoritsu Bank, Ltd. 式会社大垣共立銀行 | 2.31% | 2.36% | 2.47% +0.11% | |
| 野村 絢 NEW ENTRY | — | — | — | 2.41% NEW |
| Employee Stock Ownership Plan カヤバ従業員持株会 | 1.90% | 2.09% | 2.30% +0.21% | |
| Mizuho Bank みずほ銀行 last seen 2024 | Exited Top 10 | 1.92% | 1.96% | — |
| ＫＹＢ協力会社持株会 last seen 2023 | Exited Top 10 | 3.85% | — | — |
| Concentration (HHI) ⓘ | 277 | 322 | 270 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥19,827M
+42% since 2023
Holdings
21
+1 new
6 exited
Trend
5 building
vs 2023
| Held Company | FY2025 ¥19,827M total | FY2023 ¥13,970M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
suzuki motor corporation
スズキ㈱
|
4,482 |
+300.0%
↑
2,476,400
|
2,974 | 619,100 | M |
| ＳＯＭＰＯ ホールディングス㈱ | 3,109 |
+200.0%
↑
687,600
|
1,204 | 229,200 | |
|
CHITAKOGYO CO.,LTD.
知多鋼業㈱
|
2,215 |
1,107,000
|
779 | 1,107,000 | M |
| ㈱みずほ フィナンシャルグループ | 1,689 |
417,010
|
783 | 417,010 | |
|
NOK CORPORATION
ＮＯＫ㈱
|
1,653 |
755,000
|
1,105 | 755,000 | M |
|
Fuyo General Lease Co., Ltd.
芙蓉総合リース㈱
|
1,453 |
+200.0%
↑
376,500
|
1,130 | 125,500 | M |
|
Yamaha Motor Co., Ltd.
ヤマハ発動機㈱
|
1,180 |
+200.0%
↑
990,000
|
1,142 | 330,000 | M |
|
TPR CO .,LTD.
ＴＰＲ㈱
|
644 |
278,000
|
372 | 278,000 | M |
|
SUMITOMO HEAVY INDUSTRIES,LTD.
住友重機械工業㈱
|
584 |
191,400
|
620 | 191,400 | M |
|
KYOKUTO KAIHATSU KOGYO CO.,LTD.
極東開発工業㈱
|
564 |
238,100
|
385 | 238,100 | M |
|
UACJ Corporation
㈱ＵＡＣＪ
|
563 |
118,000
|
311 | 118,000 | M |
|
The Ogaki Kyoritsu Bank, Ltd.
㈱大垣共立銀行
|
453 |
190,600
|
340 | 190,600 | M |
|
DAIDO METAL CO., LTD.
大同メタル工業㈱
|
395 |
800,000
|
409 | 800,000 | M |
|
ISEKI&CO.,LTD.
井関農機㈱
|
210 |
194,300
|
231 | 194,300 | M |
|
AICHI CORPORATION
㈱アイチコーポレーション
|
204 |
162,100
|
129 | 162,100 | M |
|
FINESINTER CO.,LTD.
㈱ファインシンター
|
180 |
220,600
|
227 | 220,600 | M |
|
Central Japan Railway Company
東海旅客鉄道㈱
|
171 |
+400.0%
↑
60,000
|
190 | 12,000 | M |
|
TAKEUCHI MFG.CO.,LTD.
㈱竹内製作所
|
61 |
NEW
New
12,000
|
— | ||
| ㈱九州 フィナンシャルグループ | 17 |
23,000
|
11 | 23,000 | |
|
TOPY INDUSTRIES,LIMITED
トピー工業㈱
|
— | — | |||
|
TAKAKITA CO.,LTD.
㈱タカキタ
|
— | — | |||
|
NSK Ltd.
日本精工㈱
|
— |
−100%
Exit
—
|
296 | 392,000 | M |
|
Kawasaki Heavy Industries,Ltd.
川崎重工業㈱
|
— |
−100%
Exit
—
|
168 | 58,000 | M |
|
ISUZU MOTORS LIMITED
いすゞ自動車㈱
|
— |
−100%
Exit
—
|
624 | 395,000 | M |
|
TOYOTA MOTOR CORPORATION
トヨタ自動車㈱
|
— |
−100%
Exit
—
|
269 | 143,000 | M |
| ㈱三菱ＵＦＪフィナン シャル・グループ | — |
−100%
Exit
—
|
250 | 295,000 | |
|
THE SHIGA BANK,LTD.
㈱滋賀銀行
|
— |
−100%
Exit
—
|
21 | 8,000 | M |
| Portfolio total | 19,827 | 13,970 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding