Imasen Electric Industrial Co.,Ltd.

株式会社今仙電機製作所

Transportation Equipments

Imasen Electric Industrial Co., Ltd., together with its subsidiaries, develops, manufactures, and sells auto parts in Japan and internationally. It also manufactures and sells industrial machinery parts, health machinery and equipment, such as powerless walking support machines, as well as other transportation machinery and equipment parts. The company offers power seat adjuster, rear combination lamp, and electromagnetic swirl horn products. In addition, it offers DC converter, power seat/seat heater control ECU, and backup power supply related products. Further, the company provides electric wheelchair, rapok prosthesis, walking support machine, aircraft wire harness, and wire harness for machine tools. Additionally, the company develops, manufactures, and sells industrial cameras and image processing boards. The company manufactures and sells molds, jigs, and other machinery. Imasen Electric Industrial Co., Ltd. was incorporated in 1939 and is headquartered in Inuyama, Japan.

← Companies

Price

¥950

Market Cap

¥20.7B

Ent. Value

¥6.7B

Net Cash

¥14.0B

Shares Out.

21.8M

P / E

10.0×

EV / EBIT

0.1×

⚠ TSE Capital Mandate

P / Book

0.36×

P / NCAV

0.76×

Div. Yield

2.11%

Financials

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Net Sales	¥87.2B	¥94.3B	¥99.7B	¥99.7B	¥85.2B
Cost of Sales	—	¥86.8B	¥92.1B	¥93.4B	¥78.2B
Gross Profit	—	¥7.6B	¥7.6B	¥6.3B	¥6.9B
SG&A	—	¥7.2B	¥7.6B	¥7.1B	¥7.0B
Operating Income	¥87.2B	¥393M	¥14M	¥-770M	¥-70M
Non-Operating Income	—	¥480M	¥778M	¥1.1B	¥900M
Dividend Income	—	¥173M	¥223M	¥186M	¥168M
Interest Income	—	¥139M	¥169M	¥168M	¥152M
Non-Operating Expenses	—	¥362M	¥532M	¥328M	¥212M
Interest Expense	—	¥199M	¥386M	¥247M	¥157M
Ordinary Income	¥87.2B	¥511M	¥260M	¥28M	¥616M
Pre-tax Income	—	¥3.5B	¥-176M	¥-1M	¥-407M
Income Taxes	—	¥1.3B	¥-165M	¥2.0B	¥775M
Current Tax	—	¥778M	¥801M	¥1.0B	¥885M
Deferred Tax	—	¥555M	¥-966M	¥974M	¥-110M
Net Income (owners)	¥1.9B	¥2.1B	¥-71M	¥-2.1B	¥-1.2B
Minority Interest	—	¥47M	¥60M	¥58M	¥27M
Comprehensive Income	—	¥2.3B	¥3.1B	¥-186M	¥686M
EBITDA	—	¥3.4B	¥3.0B	¥2.2B	¥3.8B
EPS	—	¥95.24	¥-3.26	¥-89.70	¥-52.67
Shares Outstanding	—	21.8M	21.9M	22.5M	23.0M
Shares Issued (total)	—	23.5M	23.5M	23.5M	23.5M
Treasury Shares	—	1.7M	1.6M	1.0M	0.5M

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Total Assets	¥81.1B	¥78.3B	¥81.2B	¥82.9B	¥80.2B
Current Assets	—	¥52.6B	¥50.5B	¥56.0B	¥53.7B
Cash & Deposits	—	¥15.2B	¥12.3B	¥17.3B	¥19.7B
Trade Receivables	—	¥15.6B	¥17.0B	¥16.4B	¥15.5B
Non-Current Assets	—	¥25.7B	¥30.7B	¥26.9B	¥26.4B
PP&E	—	¥20.1B	¥20.8B	¥20.2B	¥20.4B
Intangible Assets	—	¥1.1B	¥943M	¥700M	¥476M
Investment Securities	—	¥2.2B	¥7.3B	¥5.3B	¥4.8B
Deferred Tax Assets	—	¥168M	¥206M	¥150M	¥170M
Total Liabilities	—	¥25.3B	¥29.9B	¥34.0B	¥30.4B
Current Liabilities	—	¥20.5B	¥23.6B	¥26.2B	¥22.9B
Accounts Payable	—	¥8.1B	¥9.0B	¥10.4B	¥8.1B
ST Debt	—	¥700M	¥3.9B	¥5.9B	¥4.1B
Taxes Payable	—	¥474M	¥295M	¥283M	¥387M
Non-Current Liabilities	—	¥4.8B	¥6.3B	¥7.8B	¥7.5B
Total LT Borrowings	—	¥573M	¥1.1B	¥2.5B	¥3.7B
Pension Obligations	—	¥1.3B	¥1.5B	¥1.7B	¥1.7B
Deferred Tax Liab.	—	¥1.9B	¥2.3B	¥2.4B	¥1.4B
Total Equity	¥56.1B	¥53.0B	¥51.3B	¥48.9B	¥49.8B
Capital Stock	—	¥7.3B	¥7.3B	¥7.3B	¥7.3B
Capital Surplus	—	¥7.0B	¥7.0B	¥7.0B	¥7.0B
Retained Earnings	—	¥29.4B	¥27.6B	¥28.0B	¥30.4B
Treasury Stock	—	¥-1.2B	¥-1.1B	¥-763M	¥-389M
AOCI	—	¥10.1B	¥10.0B	¥6.9B	¥5.1B
Equity (owners)	—	¥42.6B	¥40.8B	¥41.6B	¥44.3B
Minority Interests	—	¥337M	¥415M	¥376M	¥341M

Total Interest-Bearing Debt ⓘ	—	¥1.3B	¥4.9B	¥8.4B	¥7.8B
Net Cash ⓘ	—	¥14.0B	¥7.4B	¥8.9B	¥11.9B
NCAV ⓘ	—	¥27.3B	¥20.6B	¥22.0B	¥23.4B
NCAV/Share	—	¥1,255	¥939	¥979	¥1,016
BV/Share	—	¥1,955	¥1,866	¥1,852	¥1,927

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Operating CF	—	¥2.8B	¥958M	¥-787M	¥3.5B
Interest Paid	—	¥-205M	¥-383M	¥-246M	¥-157M
Interest Received	—	¥301M	¥398M	¥354M	¥321M
D&A	—	¥3.0B	¥3.0B	¥2.9B	¥3.9B
Investing CF	—	¥4.5B	¥-1.2B	¥-2.0B	¥-3.5B
CapEx	—	¥2.1B	¥1.9B	¥1.6B	¥3.6B
Purchase Investments	—	¥-12M	¥-83M	¥-74M	¥-68M
Proceeds from Invest.	—	¥5.3B	¥444M	¥97M	¥411M
Financing CF	—	¥-5.0B	¥-5.0B	¥-30M	¥-1.3B
Dividends Paid	—	¥-295M	¥-299M	¥-287M	¥-459M
LT Debt Repaid	—	¥-2.6B	¥-1.6B	¥-1.9B	¥-2.0B
Free Cash Flow	—	¥690M	¥-963M	¥-2.4B	¥-143M
Net Change in Cash	—	¥3.2B	¥-4.7B	¥-2.6B	¥-375M

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
ROE	3.4%	4.0%	-0.1%	-4.2%	-2.4%
ROA	2.3%	2.6%	-0.1%	-2.5%	-1.5%
EPS	—	¥95.24	¥-3.26	¥-89.70	¥-52.67
DPS	—	¥20.00	¥12.00	¥15.00	¥15.00
BPS	¥2,624.54	¥2,420.47	¥2,322.92	¥2,159.80	¥2,150.02
FCF/Share	—	¥32	¥-44	¥-108	¥-6
NCAV/Share	—	¥1,255	¥939	¥979	¥1,016
Payout Ratio	—	21.0%	—	—	—

Capital Allocation Signals 1

Date	Type	Amount	Summary
2026-05-15 16:40	Div Increase	¥31.8B ¥15.0/sh +20%	Imasen Electric resolved to pay a surplus dividend of ¥15.00 per share (¥318 million total) with record date March 31, 2…
Summary Imasen Electric resolved to pay a surplus dividend of ¥15.00 per share (¥318 million total) with record date March 31, 2026 and payment date June 5, 2026. This represents a 20% increase in dividend per share compared to prior year (¥12.50), with annual dividend reaching ¥27.00 per share versus ¥20.00 previously, reflecting the company's commitment to stable dividend growth targeting a 30% payout ratio. YoY: +20% Source (JP) １株当たり配当金 15円00銭、配当金の総額 318百万円、2026年３月31日を基準日とする剰余金の配当、年間配当金27円剰余金の配当に関するお知らせ TDnet PDF

#	Shareholder	Shares (thou.)	% of Total
1	テイ・エステック株式会社	7,981	36.66%
2	IMASEN取引先持株会	974	4.47%
3	今仙電機従業員持株会	652	3.00%
4	INTERACTIVE BROKERS LLC （常任代理人インタラクティブ・ブローカーズ証券株式会社）	530	2.44%
5	株式会社三十三銀行	505	2.32%
6	Custody Bank of Japan, Ltd. (Trust Account) 株式会社日本カストディ銀行（信託口）	364	1.67%
7	MSIP CLIENT SECURITIES （常任代理人モルガン・スタンレーMUFG証券株式会社）	334	1.54%
8	LIM JAPAN EVENT MASTER FUND （常任代理人立花証券株式会社）	330	1.52%
9	日本発條株式会社	310	1.42%
10	本田技研工業株式会社	290	1.33%

as of 2025-03-31 Source: EDINET ↗

Ownership by year — hover bars for detail

Domestic Nominees

1.7%

-4.6% 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

54.7%

+2.8% vs 2024

Named entities with disclosed investment intent

Shareholder	Trend	2023	2024	2025
テイ・エステック		35.54%	36.46%	36.66% +0.20%
IMASEN取引先持株会		3.96%	4.29%	4.47% +0.18%
今仙電機従業員持株会		3.06%	2.84%	3.00% +0.16%
Interactive Brokers		1.68%	2.34%	2.44% +0.10%
式会社三十三銀行		2.25%	2.31%	2.32% +0.01%
日本カストディ銀行		2.42%	2.73%	1.67% -1.06%
MSIP CLIENT SECURITIES ↑		—	0.95%	1.54% +0.59%
LIM JAPAN EVENT MASTER FUND NEW ENTRY	—	—	—	1.52% NEW
日本発條		1.38%	1.42%	1.42%
本田技研工業		1.29%	1.33%	1.33%
日本マスタートラスト信託銀行 last seen 2024	Exited Top 10	4.81%	3.50%	—
UBS last seen 2023	Exited Top 10	1.22%	—	—
Concentration (HHI) ⓘ		1330	1391	1396

3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved

Portfolio Book Value ¥1,442M -70% since 2023

Holdings 10 +4 new 14 exited

Trend Stable vs 2023

Held Company	FY2025 ¥1,442M total		FY2023 ¥4,882M total
	Book Val ¥M	Shares	Book Val ¥M	Shares
NIKKON Holdings Co.,Ltd. ニッコンホールディングス㈱ (注３）	1,166	NEW New 433,400	—		M
Aichi Financial Group Co., Ltd. ㈱あいちフィナンシャルグループ	106	NEW New 37,296	—		M
Sumitomo Mitsui Financial Group, Inc. ㈱三井住友フィナンシャルグループ (注４）	67	NEW New 17,820	—
San ju San Financial Group,Inc ㈱三十三フィナンシャルグループ	56	24,010	37	24,010	M
第一生命ホールディングス㈱	32	NEW New 7,100	—		M
The Ogaki Kyoritsu Bank, Ltd. ㈱大垣共立銀行	14	6,000	10	6,000	M
MOLITEC STEEL CO.,LTD. モリテックスチール㈱	1	6,000	1	6,000	M
SPK CORPORATION ＳＰＫ㈱	—		—
MITSUBA Corporation ㈱ミツバ	—		—
ISUZU MOTORS LIMITED いすゞ自動車㈱	—		—
HONDA MOTOR CO., LTD. 本田技研工業㈱	—	−100% Exit —	2,621	746,748	M
CANOX CORPORATION ㈱カノークス	—	−100% Exit —	170	100,000	M
テイ・エステック㈱	—	−100% Exit —	1,047	624,000	M
NIKKON Holdings Co.,Ltd. ニッコンホールディングス㈱	—	−100% Exit —	536	216,700	M
TACHI-S CO.,LTD. ㈱タチエス	—	−100% Exit —	152	127,200
㈱あいちフィナンシャルグループ（旧愛知銀行）(注３）	—	−100% Exit —	80	37,296	M
Mitsubishi UFJ Financial Group, Inc. ㈱三菱ＵＦＪフィナンシャル・グループ	—	−100% Exit —	48	56,840	M
ISEKI&CO.,LTD. 井関農機㈱	—	−100% Exit —	45	37,900	M
Sumitomo Mitsui Financial Group, Inc. ㈱三井住友フィナンシャルグループ	—	−100% Exit —	31	5,940	M
Daiwa Securities Group Inc. ㈱大和証券グループ本社	—	−100% Exit —	29	47,000	M
Tokio Marine Holdings, Inc. 東京海上ホールディングス㈱（注４）	—	−100% Exit —	26	10,350
Okayamaken Freight Transportation Co.,Ltd 岡山県貨物運送㈱	—	−100% Exit —	21	7,900	M
隨ｬ荳逕溷多菫晞匱譬ｪ蠑丈ｼ夂､ｾ第一生命保険㈱	—	−100% Exit —	17	7,100	M
三井住友トラスト・ホールディングス㈱	—	−100% Exit —	11	2,500	M
Portfolio total	1,442		4,882

Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding