Kousoku Co., Ltd.

株式会社高速

Wholesale Trade

Kohsoku Corporation is involved in the manufacture and sale of light food packaging materials in Japan. It also sells food containers, films, plastic bags, laminates, paper products, packaging machinery and equipment, etc. Kohsoku Corporation was incorporated in 1966 and is headquartered in Sendai, Japan.

← Companies

Price

¥2,848

Market Cap

¥55.4B

Ent. Value

¥50.8B

Net Cash est

¥4.7B

Shares Out.

19.5M

P / E

14.8×

EV / EBIT

10.4×

P / Book

1.31×

P / NCAV

5.51×

Div. Yield

2.04%

Financials

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Net Sales	¥124.2B	¥115.9B	¥106.2B	¥98.9B	¥91.8B
Cost of Sales	¥99.4B	¥92.9B	¥85.3B	¥79.1B	¥73.7B
Gross Profit	¥24.7B	¥23.0B	¥20.9B	¥19.8B	¥18.1B
SG&A	¥19.9B	¥18.5B	¥16.7B	¥15.8B	¥14.4B
Operating Income	¥4.9B	¥4.5B	¥4.2B	¥4.0B	¥3.7B
Non-Operating Income	¥482M	¥342M	¥325M	¥293M	¥252M
Dividend Income	—	¥44M	¥35M	¥30M	¥27M
Interest Income	—	¥65M	¥63M	¥50M	¥29M
Non-Operating Expenses	—	¥34M	¥25M	¥61M	¥50M
Ordinary Income	¥5.2B	¥4.8B	¥4.5B	¥4.2B	¥3.9B
Pre-tax Income	¥5.2B	¥4.9B	¥4.5B	¥4.2B	¥3.9B
Income Taxes	¥1.5B	¥1.4B	¥1.4B	¥1.3B	¥1.2B
Current Tax	—	¥1.5B	¥1.4B	¥1.4B	¥1.3B
Deferred Tax	—	¥-102M	¥-40M	¥-164M	¥-50M
Net Income (owners)	¥3.8B	¥3.5B	¥3.1B	¥3.0B	¥2.7B
Comprehensive Income	—	¥3.7B	¥3.5B	¥3.0B	¥2.6B
EBITDA	¥5.9B	¥5.5B	¥5.2B	¥4.9B	¥4.5B
EPS	¥192.76	¥179.11	¥161.19	¥154.24	¥137.84
Shares Outstanding	—	19.5M	19.3M	19.3M	19.3M
Shares Issued (total)	—	21.0M	21.0M	21.0M	21.0M
Treasury Shares	—	1.5M	1.7M	1.7M	1.7M

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Total Assets	¥63.2B	¥61.2B	¥61.5B	¥55.9B	¥52.5B
Current Assets	¥30.7B	¥33.0B	¥35.3B	¥30.7B	¥29.1B
Cash & Deposits	¥4.7B	¥8.2B	¥10.7B	¥8.7B	¥9.8B
Trade Receivables	—	¥15.4B	¥16.0B	¥14.1B	¥13.0B
Non-Current Assets	¥32.5B	¥28.3B	¥26.2B	¥25.2B	¥23.4B
PP&E	¥24.3B	¥20.5B	¥18.7B	¥18.1B	¥17.9B
Intangible Assets	—	¥543M	¥648M	¥744M	¥768M
Investment Securities	¥6.1B	¥5.9B	¥5.4B	¥5.0B	¥3.4B
Deferred Tax Assets	—	¥712M	¥665M	¥727M	¥594M
Total Liabilities	¥20.7B	¥21.5B	¥24.6B	¥21.6B	¥20.3B
Current Liabilities	¥18.8B	¥19.8B	¥23.0B	¥20.1B	¥18.7B
Accounts Payable	—	¥8.9B	¥8.6B	¥8.6B	¥7.9B
Taxes Payable	—	¥878M	¥794M	¥817M	¥693M
Non-Current Liabilities	¥1.9B	¥1.7B	¥1.6B	¥1.6B	¥1.6B
Pension Obligations	—	¥762M	¥804M	¥815M	¥789M
Deferred Tax Liab.	—	¥576M	¥527M	¥446M	¥466M
Total Equity	¥42.5B	¥39.8B	¥36.9B	¥34.3B	¥32.1B
Capital Stock	—	¥1.7B	¥1.7B	¥1.7B	¥1.7B
Capital Surplus	—	¥2.0B	¥1.9B	¥1.9B	¥1.9B
Retained Earnings	¥38.6B	¥36.5B	¥34.1B	¥31.9B	¥29.7B
Treasury Stock	—	¥-1.2B	¥-1.4B	¥-1.4B	¥-1.4B
AOCI	—	¥802M	¥609M	¥216M	¥196M
Equity (owners)	¥41.3B	¥39.0B	¥36.3B	¥34.1B	¥31.9B

Net Cash ⓘ	¥4.7B	¥8.2B	¥10.7B	¥8.7B	¥9.8B
NCAV ⓘ	¥10.1B	¥11.5B	¥10.7B	¥9.1B	¥8.8B
NCAV/Share	—	¥591	¥556	¥472	¥455
BV/Share	—	¥2,002	¥1,878	¥1,763	¥1,654

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Operating CF	¥2.5B	¥971M	¥4.6B	¥2.6B	¥3.2B
Interest Received	—	¥111M	¥103M	¥85M	¥60M
D&A	¥1.1B	¥978M	¥952M	¥876M	¥771M
Investing CF	¥-4.3B	¥-2.5B	¥-1.6B	¥-2.6B	¥-3.9B
CapEx	¥4.4B	¥2.2B	¥1.4B	¥728M	¥2.2B
Purchase Investments	—	¥-568M	¥-195M	¥-1.7B	¥-1.7B
Proceeds from Invest.	—	¥34M	—	¥13M	¥0M
Financing CF	¥-1.8B	¥-948M	¥-1.1B	¥-1.0B	¥-1.0B
Dividends Paid	—	¥-1.1B	¥-908M	¥-868M	¥-829M
Free Cash Flow	¥-1.8B	¥-1.2B	¥3.2B	¥1.8B	¥1.0B
Net Change in Cash	—	¥-2.5B	¥1.9B	¥-1.1B	¥-1.7B

Metric	FY 2025 TDnet	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
ROE	9.1%	9.0%	8.8%	9.0%	8.5%
ROA	6.1%	5.6%	5.3%	5.5%	5.1%
EPS	¥192.76	¥179.11	¥161.19	¥154.24	¥137.84
DPS	¥58.00	¥54.00	¥52.00	¥46.00	¥44.00
BPS	¥2,174.36	¥2,043.33	¥1,909.06	¥1,774.37	¥1,664.11
FCF/Share	—	¥-62	¥163	¥95	¥53
NCAV/Share	—	¥591	¥556	¥472	¥455
Payout Ratio	30.1%	30.1%	32.3%	29.8%	31.9%

Event Timeline

S Shareholder A Capital Signal

Large Shareholder Reports 4

Date	Activist	Stake	Event	Flag	Demands
2025-09-29	Hikari Tsushin K.K.	5.05%	change	Passive	—
2025-02-21	Kohsoku Kosan A	7.73%	change	Passive	—
2025-02-21	Kohsoku Kosan B	13.4%	change	Passive	—
2025-02-21	Kohsoku Kosan C	13.35%	change	Passive	—

Capital Allocation Signals 1

Date	Type	Amount	Summary
2026-05-18 17:00	Div Increase	¥1.1B ¥58.0/sh +115%	Kousoku Corporation announced a year-end dividend of ¥58 per share (composed of ¥28 ordinary dividend and ¥30 commemorat…
Summary Kousoku Corporation announced a year-end dividend of ¥58 per share (composed of ¥28 ordinary dividend and ¥30 commemorative dividend) for fiscal year ending March 31, 2026, totaling ¥1,134 million. Combined with the interim dividend of ¥58 per share, annual dividend reaches ¥116 per share, marking the 22nd consecutive year of dividend increases and reflecting the company's commitment to stable dividend growth aligned with profitability. Deadline: 2026-06-25 YoY: +115% Source (JP) 1株当たり58円の期末配当を実施することといたしました。中間配当と合わせた1株当たり年間での配当金は、2026年3月期で22期連続の増配となります。剰余金の配当に関するお知らせ TDnet PDF

#	Shareholder	Shares (thou.)	% of Total
1	管理信託（高速興産B号株式会社 0700207号）受託者みずほ信託銀行株式会社	2,191	11.26%
2	管理信託（高速興産C号株式会社 0700208号）受託者みずほ信託銀行株式会社	2,191	11.26%
3	ビービーエイチフオーフイデリテイーロープライスストツクフアンド（常任代理人㈱三菱ＵＦＪ銀行）	1,577	8.10%
4	The Master Trust Bank of Japan, Ltd. (Trust Account) 日本マスタートラスト信託銀行㈱（信託口）	1,360	6.99%
5	管理信託（高速興産A号株式会社 0700206号）受託者みずほ信託銀行株式会社	1,113	5.72%
6	光通信㈱	1,060	5.45%
7	高速興産B号㈱	621	3.19%
8	高速興産C号㈱	611	3.14%
9	The 77Bank,Ltd. ㈱七十七銀行	510	2.62%
10	赫由美子	508	2.61%

as of 2025-03-31 Source: EDINET ↗

Ownership by year — hover bars for detail

Domestic Nominees

35.2%

-0.1% 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

25.1%

-1.2% vs 2024

Named entities with disclosed investment intent

Shareholder	Trend	2023	2024	2025
みずほ信託銀行		28.47%	28.44%	28.24% -0.20%
ビービーエイチフオーフイデリテイーロープライスストツクフアンド NEW ENTRY	—	—	—	8.10% NEW
日本マスタートラスト信託銀行		5.63%	6.87%	6.99% +0.12%
光通信		5.95%	5.60%	5.45% -0.15%
高速興産B号		3.22%	3.22%	3.19% -0.03%
高速興産C号		3.17%	3.17%	3.14% -0.03%
The 77Bank,Ltd. ㈱七十七銀行		3.30%	3.30%	2.62% -0.68%
赫由美子		2.63%	2.63%	2.61% -0.02%
ビービーエイチフオーフイデリテイロープライスドストツクフアンド（プリンシパルオールセクターサブポートフオリオ） last seen 2024	Exited Top 10	8.51%	8.39%	—
Concentration (HHI) ⓘ		988	996	975

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

Portfolio Book Value ¥1,597M +51% since 2023

Holdings 22 +3 new 2 exited

Trend 7 building vs 2023

Held Company	FY2025 ¥1,597M total		FY2023 ¥1,056M total
	Book Val ¥M	Shares	Book Val ¥M	Shares
㈱マミーマート	372	+5.2% ↑ 76,690	165	72,917
Mizuho Financial Group, Inc. ㈱みずほフィナンシャルグループ	300	74,097	139	74,097
JBCC Holdings Inc. JBCCホールディングス㈱(注)１	240	NEW New 217,600	—		M
YAMAZAWA CO.,LTD. ㈱ヤマザワ	182	+8.8% ↑ 156,032	186	143,378
United Super Markets Holdings Inc. ユナイテッド・スーパーマーケット・ホールディングス㈱	134	+7.3% ↑ 162,891	169	151,839
㈱ピックルスコーポレーション	95	+5.4% ↑ 98,061	110	93,055
Kanemi Co.,Ltd. カネ美食品㈱	82	+3.9% ↑ 25,502	70	24,538
KAMEI CORPORATION カメイ㈱	44	22,000	32	22,000	M
Japan Airport Terminal Co.,Ltd. 日本空港ビルデング(株)	41	NEW New 10,000	—
The 77Bank,Ltd. ㈱七十七銀行	38	8,000	17	8,000	M
元気寿司㈱	28	+109.3% ↑ 8,158	12	3,897
MatsukiyoCocokara & Co ㈱マツキヨココカラ＆カンパニー	17	+200.0% ↑ 7,158	17	2,386
NICHIREI CORPORATION ニチレイ㈱(注)2	9	NEW New 5,000	—
AEON Co.,Ltd. イオン㈱	3	780	2	780
LINTEC Corporation リンテック㈱	3	1,000	2	1,000	M
NH Foods Ltd. 日本ハム㈱	2	500	2	500
YAMANAKA CO.,LTD. ㈱ヤマナカ	2	4,000	3	4,000
saizeriya co.,ltd. ㈱サイゼリヤ	2	507	2	507
ARCS COMPANY,LIMITED ㈱アークス	2	612	1	612
Daishowa Paper Manufacturing Co., Ltd. 大王製紙㈱	1	1,000	1	1,000
パレモホールディングス㈱	0	2,400	1	2,400
中央化学㈱	—		—		M
JBCC Holdings Inc. JBCCホールディングス㈱	—	−100% Exit —	118	54,400	M
NICHIREI CORPORATION ニチレイ㈱	—	−100% Exit —	7	2,500
Portfolio total	1,597		1,056

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