7595
ARGO GRAPHICS Inc.
株式会社アルゴグラフィックス
Technology · Software - Application
ARGO GRAPHICS Inc. provides technical solutions in Japan. The company provides PLM solutions that simulates the feasibility of all elements relating to product development; HPC solutions to process technical calculations through system design/construction; and virtualization of server/client, server/storage consolidation, and IT infrastructure. It also provides a range of services to support its clients, including consulting for improving operations; system development for process construction; system realization/construction; and training/operational support. In addition, the company offers CAE analysis, analysis tool development, engineering experimentation and measurement, 3D CAD modeling, engineer education, and customer support services; and system development, IT hardware sales and consulting, and IT services. Further, it engages in the develops and sells scientific software, DTP software, system integration solution, quality management software, and document management software, as well as implementation of information sharing system; architecture and sale of the system for scientific computation; computer cluster sale and development support; and sale and support of 2D CAD software and 3D visual environment construction. Additionally, the company is involved in the development and sale of support software for power semiconductor and liquid crystal panel development; PDM software development, sale, and construction support; and provision of development support for IT infrastructure, and manufacturing processes and related services, as well as sales and support services of CAD/CAM software. Furthermore, it engages in the sale and support of electro magnetic software engineering; mechanical designing of powertrain multi-body systems; system programming design and consulting; advanced composite material modeling; and analysis support and consulting activities services. ARGO GRAPHICS Inc. was incorporated in 1971 and is headquartered in Tokyo, Japan.
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⚠ TSE Capital Mandate
P / Book
0.48×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥69.5B
¥59.5B
¥53.3B
¥46.2B
Cost of Sales
¥51.7B
¥43.5B
¥39.2B
¥33.5B
Gross Profit
¥17.9B
¥16.0B
¥14.2B
¥12.7B
SG&A
¥7.7B
¥6.8B
¥6.4B
¥6.1B
Operating Income
¥10.2B
¥9.2B
¥7.8B
¥6.6B
Non-Operating Income
¥732M
¥517M
¥426M
¥356M
Dividend Income
¥398M
¥299M
¥252M
¥199M
Interest Income
¥119M
¥68M
¥46M
¥34M
Non-Operating Expenses
¥11M
¥4M
—
¥12M
Ordinary Income
¥10.9B
¥9.7B
¥8.2B
¥6.9B
Pre-tax Income
¥10.9B
¥9.7B
¥8.1B
¥6.9B
Income Taxes
¥3.3B
¥3.0B
¥2.5B
¥2.2B
Current Tax
¥3.4B
¥3.0B
¥2.6B
¥2.5B
Deferred Tax
¥-90M
¥-87M
¥-67M
¥-299M
Net Income (owners)
¥7.4B
¥6.5B
¥5.4B
¥4.5B
Minority Interest
¥168M
¥211M
¥177M
¥225M
Comprehensive Income
¥9.5B
¥10.4B
¥5.9B
¥4.7B
EBITDA
¥10.5B
¥9.4B
¥8.0B
¥6.8B
Goodwill Amort. (J-GAAP)
¥194M
¥170M
¥149M
¥135M
EPS
¥349.57
¥305.93
¥254.08
¥211.36
Shares Outstanding
21.8M
21.8M
21.8M
21.8M
Shares Issued (total)
22.4M
22.4M
22.4M
22.4M
Treasury Shares
0.6M
0.6M
0.6M
0.6M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥86.5B
¥75.1B
¥65.5B
¥58.8B
Current Assets
¥61.8B
¥53.9B
¥50.4B
¥43.3B
Cash & Deposits
¥37.9B
¥34.4B
¥26.9B
¥26.2B
Trade Receivables
¥16.6B
¥13.1B
¥17.4B
¥12.6B
Inventories
¥2.2B
¥1.9B
¥2.0B
¥1.1B
Non-Current Assets
¥24.7B
¥21.2B
¥15.1B
¥15.6B
PP&E
¥1.1B
¥430M
¥396M
¥213M
Goodwill
¥298M
¥487M
¥449M
¥468M
Intangible Assets
¥344M
¥525M
¥494M
¥491M
Investment Securities
¥21.2B
¥19.1B
¥13.3B
¥13.9B
Deferred Tax Assets
¥389M
¥359M
¥319M
¥344M
Total Liabilities
¥26.8B
¥22.6B
¥21.6B
¥19.0B
Current Liabilities
¥20.2B
¥16.9B
¥17.5B
¥15.0B
Taxes Payable
¥1.9B
¥1.7B
¥1.4B
¥1.4B
Non-Current Liabilities
¥6.7B
¥5.7B
¥4.1B
¥4.0B
Pension Obligations
¥3.1B
¥3.0B
¥3.0B
¥3.0B
Deferred Tax Liab.
¥2.8B
¥2.0B
¥533M
¥562M
Total Equity
¥59.7B
¥52.4B
¥43.9B
¥39.9B
Capital Stock
¥1.9B
¥1.9B
¥1.9B
¥1.9B
Capital Surplus
¥2.1B
¥2.1B
¥2.1B
¥2.1B
Retained Earnings
¥44.3B
¥39.0B
¥34.2B
¥30.2B
Treasury Stock
¥-1.0B
¥-1.0B
¥-926M
¥-700M
AOCI
¥9.9B
¥8.1B
¥4.5B
¥4.3B
Equity (owners)
¥47.3B
¥42.0B
¥37.3B
¥33.5B
Minority Interests
¥2.5B
¥2.3B
¥2.1B
¥2.1B
Net Cash ⓘ
¥37.9B
¥34.4B
¥26.9B
¥26.2B
NCAV ⓘ
¥35.0B
¥31.3B
¥28.8B
¥24.3B
NCAV/Share
¥1,608
¥1,437
¥1,326
¥1,117
BV/Share
¥2,173
¥1,930
¥1,714
¥1,541
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥6.5B
¥9.7B
¥3.4B
¥6.0B
Interest Received
¥515M
¥384M
¥306M
¥248M
D&A
¥80M
¥69M
¥59M
¥54M
Goodwill Amort.
¥194M
¥170M
¥149M
¥135M
Investing CF
¥-177M
¥-935M
¥-1.9B
¥-539M
CapEx
¥699M
¥100M
¥316M
¥51M
Purchase Investments
¥-502M
¥-1.3B
¥-1.6B
¥-1.4B
Proceeds from Invest.
¥66M
—
¥42M
¥86M
Financing CF
¥-2.3B
¥-1.9B
¥-1.8B
¥-1.4B
Dividends Paid
¥-2.2B
¥-1.7B
¥-1.4B
¥-1.3B
Share Buybacks
¥-0M
¥-81M
¥-245M
—
Free Cash Flow
¥5.8B
¥9.6B
¥3.0B
¥5.9B
Net Change in Cash
¥4.1B
¥6.9B
¥-250M
¥4.1B
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
13.9%
14.2%
13.6%
12.5%
ROA
9.2%
9.3%
8.7%
7.7%
EPS
¥349.57
¥305.93
¥254.08
¥211.36
DPS
¥110.00
¥90.00
¥73.00
¥63.00
BPS
¥2,684.06
¥2,353.14
¥1,961.49
¥1,769.01
FCF/Share
¥265
¥440
¥140
¥272
NCAV/Share
¥1,608
¥1,437
¥1,326
¥1,117
Payout Ratio
31.5%
29.4%
28.7%
29.8%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 9
Date Activist Stake Event Flag Demands Source
2025-08-14
FMR LLC
10.14%
-1.01%
change
Passive
—
2025-07-18
FMR LLC
11.15%
+1.94%
change
Passive
—
2025-07-02
SCSK Corporation
2.59%
-18.61%
change
Passive
—
2025-06-10
SCSK Corporation
21.2%
change
Passive
—
2025-05-09
SCSK Corporation
21.2%
change
Passive
—
2024-09-05
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
3.88%
change
Passive
—
2024-05-22
FMR LLC
9.21%
+1.03%
change
Passive
—
2023-12-22
Mizuho Bank, Ltd.
5.41%
change
Passive
—
2023-10-06
FMR LLC
8.18%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 8
#
Shareholder
Shares (thou.)
% of Total
1
SCSK㈱
SCSK㈱
4,740,000
21.79%
2
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)
2,354,000
10.82%
3
Japan Custody Bank
㈱日本カストディ銀行(信託口)
906,700
4.17%
4
BBH FOR FIDELITY LOW-PRICED STOCK FUND(常任代理人 ㈱三菱UFJ銀行)
761,851
3.50%
5
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385632(常任代理人 ㈱みずほ銀行)
689,300
3.17%
6
野村信託銀行㈱(投信口)
672,500
3.09%
7
藤澤 義麿
589,000
2.70%
8
Tamron Co.,Ltd.
㈱タムロン
582,600
2.68%
9
Northern Trust Company
NORTHERN TRUST CO.(AVFC) RE IEDP AIF CLIENTS NON TREATY ACCOUNT(常任代理人 香港上海銀行東京支店 カストディ業務部)
560,000
2.57%
10
Japan Custody Bank
㈱日本カストディ銀行(信託E口)
448,200
2.06%
Domestic Nominees
17.1%
-1.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
5.7%
-0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
33.8%
+1.0% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
SCSK㈱
SCSK
—
21.78%
21.79%
+0.01%
日本マスタートラスト信託銀行
12.83%
11.14%
10.82%
-0.32%
Japan Custody Bank
日本カストディ銀行
6.54%
7.39%
6.23%
-1.16%
Fidelity
3.36%
3.32%
3.50%
+0.18%
JP Morgan
3.19%
3.18%
3.17%
-0.01%
野村信託銀行㈱(投信口)
↑
—
2.32%
3.09%
+0.77%
藤澤 義麿
2.70%
2.70%
2.70%
Tamron Co.,Ltd.
㈱タムロン
2.67%
2.67%
2.68%
+0.01%
Northern Trust
2.57%
2.57%
2.57%
State Street
last seen 2023
Exited Top 10
2.88%
—
—
SCSK
last seen 2023
Exited Top 10
21.78%
—
—
Concentration (HHI)
ⓘ
733
701
684
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥5,476M
+59% since 2023
Holdings
8
2 exited
Trend
2 building
vs 2023
Held Company
FY2025
¥5,476M total
FY2023
¥3,443M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Tamron Co.,Ltd.
㈱タムロン
3,744
+100.0%
↑
1,082,000
1,701
541,000
M
OLYMPUS CORPORATION
オリンパス㈱
561
288,000
668
288,000
テイ・エステック㈱
504
300,000
504
300,000
SEIKO GROUP CORPORATION
セイコーグループ㈱
438
106,000
307
106,000
M
AIDA ENGINEERING,LTD.
アイダエンジニアリング㈱
154
172,000
140
172,000
M
Silicon Studio Corporation
シリコンスタジオ㈱
65
90,040
103
90,040
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
6
+200.0%
↑
4,800
8
1,600
M
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
4
1,123
2
1,123
M
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
—
−100%
Exit
—
8
10,000
第一生命ホールディングス㈱
—
−100%
Exit
—
1
500
M
Portfolio total
5,476
3,443
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding