7377
DN HOLDINGS CO., LTD.
DNホールディングス株式会社
Services
DN Holdings Co.,Ltd. engages in the construction consulting and geological survey businesses in Japan. The company is involved in the design of bridges and road structures; and survey, design, and construction supervision, environmental impact reduction, and sustainable town development of compact plus network from the perspectives of road, town, and environment fields. It engages in the development of organizations capable of responding to intense natural disasters against the background of the increased awareness of environments in society; land suitability investigation where the suitability of strata for underground storage of CO2; and provision of ground investigation and analysis technology. DN Holdings Co.,Ltd. was founded in 1963 and is headquartered in Tokyo, 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
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Net Sales
¥37.0B
¥34.1B
¥32.6B
¥32.1B
Cost of Sales
¥25.0B
¥23.4B
¥22.6B
¥22.5B
Gross Profit
¥12.0B
¥10.7B
¥10.0B
¥9.6B
SG&A
¥9.3B
¥8.8B
¥7.8B
¥7.5B
Operating Income
¥2.7B
¥1.9B
¥2.2B
¥2.2B
Non-Operating Income
¥73M
¥78M
¥199M
¥90M
Dividend Income
¥20M
¥17M
¥25M
¥26M
Interest Income
¥2M
¥0M
¥0M
¥0M
Non-Operating Expenses
¥80M
¥38M
¥37M
¥46M
Interest Expense
¥59M
¥24M
¥18M
¥15M
Ordinary Income
¥2.7B
¥2.0B
¥2.4B
¥2.2B
Pre-tax Income
¥2.7B
¥2.3B
¥2.5B
¥2.2B
Income Taxes
¥785M
¥752M
¥708M
¥698M
Current Tax
¥813M
¥796M
¥665M
¥776M
Deferred Tax
¥-27M
¥-44M
¥42M
¥-78M
Net Income (owners)
¥1.9B
¥1.6B
¥1.8B
¥1.5B
Comprehensive Income
¥2.5B
¥2.1B
¥2.4B
¥1.3B
EBITDA
¥3.4B
¥2.3B
¥2.7B
¥2.7B
Goodwill Amort. (J-GAAP)
¥53M
—
¥32M
¥105M
EPS
¥236.28
¥192.81
¥218.71
¥188.44
Shares Outstanding
8.2M
8.1M
8.0M
8.0M
Shares Issued (total)
8.4M
8.4M
8.4M
8.4M
Treasury Shares
0.3M
0.3M
0.4M
0.4M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Total Assets
¥25.6B
¥24.0B
¥21.0B
¥19.6B
Current Assets
¥16.5B
¥16.1B
¥14.0B
¥13.8B
Cash & Deposits
¥2.9B
¥2.1B
¥4.3B
¥4.6B
Trade Receivables
¥1.8B
¥2.0B
¥1.4B
¥902M
Non-Current Assets
¥9.0B
¥8.0B
¥7.0B
¥5.8B
PP&E
¥2.1B
¥2.0B
¥1.9B
¥1.8B
Goodwill
¥213M
¥332M
—
—
Intangible Assets
¥529M
¥677M
¥374M
¥363M
Investment Securities
¥902M
¥748M
¥516M
¥419M
Deferred Tax Assets
¥85M
¥73M
¥70M
¥3M
Total Liabilities
¥10.1B
¥10.6B
¥9.2B
¥9.6B
Current Liabilities
¥7.6B
¥8.2B
¥6.9B
¥7.5B
ST Debt
¥333M
¥1.1B
¥220M
¥214M
Taxes Payable
¥687M
¥900M
¥494M
¥720M
Non-Current Liabilities
¥2.4B
¥2.4B
¥2.3B
¥2.2B
Total LT Borrowings
¥511M
¥851M
¥882M
¥1.1B
Pension Obligations
¥150M
¥154M
¥403M
¥475M
Deferred Tax Liab.
¥1.3B
¥1.0B
¥788M
¥400M
Total Equity
¥15.5B
¥13.5B
¥11.9B
¥9.9B
Capital Stock
¥2.0B
¥2.0B
¥2.0B
¥2.0B
Capital Surplus
¥1.7B
¥1.6B
¥1.6B
¥1.6B
Retained Earnings
¥10.2B
¥8.8B
¥7.8B
¥6.6B
Treasury Stock
¥-23M
¥-29M
¥-77M
¥-125M
AOCI
¥1.6B
¥1.1B
¥508M
¥-169M
Equity (owners)
¥13.9B
¥12.4B
¥11.3B
¥10.1B
Total Interest-Bearing Debt ⓘ
¥844M
¥2.0B
¥1.1B
¥1.3B
Net Cash ⓘ
¥2.1B
¥137M
¥3.2B
¥3.3B
NCAV ⓘ
¥6.5B
¥5.5B
¥4.8B
¥4.1B
NCAV/Share
¥794
¥681
¥603
¥517
BV/Share
¥1,702
¥1,532
¥1,408
¥1,261
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Operating CF
¥3.0B
¥-1.9B
¥794M
¥608M
Interest Paid
¥-59M
¥-24M
¥-18M
¥-15M
Interest Received
¥22M
¥17M
¥28M
¥23M
D&A
¥592M
¥397M
¥442M
¥418M
Goodwill Amort.
¥53M
—
¥32M
¥105M
Investing CF
¥-507M
¥-128M
¥-347M
¥-978M
CapEx
¥401M
¥162M
¥346M
¥299M
Purchase Investments
¥-57M
—
¥-14M
¥-26M
Proceeds from Invest.
—
¥347M
¥152M
—
Financing CF
¥-1.7B
¥-111M
¥-789M
¥-606M
Dividends Paid
¥-529M
¥-560M
¥-557M
¥-395M
LT Debt Repaid
¥-230M
¥-227M
¥-214M
¥-196M
Free Cash Flow
¥2.6B
¥-2.1B
¥448M
¥309M
Net Change in Cash
¥782M
¥-2.2B
¥-338M
¥-971M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
ROE
13.3%
12.3%
16.1%
15.2%
ROA
7.8%
6.9%
8.6%
7.7%
EPS
¥236.28
¥192.81
¥218.71
¥188.44
DPS
¥80.00
¥65.00
¥70.00
¥70.00
BPS
¥1,897.74
¥1,663.52
¥1,471.35
¥1,240.16
FCF/Share
¥322
¥-257
¥56
¥39
NCAV/Share
¥794
¥681
¥603
¥517
Payout Ratio
33.9%
33.7%
32.0%
37.1%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 2
Date Activist Stake Event Flag Demands Source
2025-09-29
Hikari Tsushin K.K.
10.39%
change
Passive
—
2024-08-21
YOKOO TEIJI
5.0%
initial_5pct
Passive
—
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
Employee Stock Ownership Plan
DNホールディングス社員持株会
818
10.03%
2
HIKARI TSUSHIN,INC.
光通信株式会社
580
7.11%
3
Stock Ownership Plan
DNホールディングス社友持株会
440
5.39%
4
株式会社北陸銀行
325
3.99%
5
UH Partners 2
株式会社UH Partners 2
294
3.61%
6
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社
274
3.36%
7
FURUKAWA CO.,LTD.
古河機械金属株式会社
190
2.33%
8
MUFG Bank
株式会社三菱UFJ銀行
189
2.32%
9
川田テクノシステム株式会社
172
2.11%
10
富士前鋼業株式会社
165
2.02%
Domestic Nominees
3.4%
-0.0% 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
38.9%
-0.5% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Employee Stock Ownership Plan
DNホールディングス社員持株会
6.10%
10.51%
10.03%
-0.48%
HIKARI TSUSHIN,INC.
光通信
7.21%
7.17%
7.11%
-0.06%
Stock Ownership Plan
DNホールディングス社友持株会
4.96%
5.19%
5.39%
+0.20%
式会社北陸銀行
4.05%
4.02%
3.99%
-0.03%
UH Partners 2
式会社UH Partners 2
3.66%
3.64%
3.61%
-0.03%
Japan Master Trust Bank
日本マスタートラスト信託銀行
3.41%
3.38%
3.36%
-0.02%
FURUKAWA CO.,LTD.
古河機械金属
2.36%
2.35%
2.33%
-0.02%
MUFG Bank
式会社三菱UFJ銀行
2.35%
2.34%
2.32%
-0.02%
川田テクノシステム
2.14%
2.13%
2.11%
-0.02%
富士前鋼業
—
2.04%
2.02%
-0.02%
ダイヤコンサルタント職員持株会
last seen 2023
Exited Top 10
4.29%
—
—
Concentration (HHI)
ⓘ
189
249
240
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved