7815
Tokyo Board Industries co.,ltd.
東京ボード工業株式会社
Other Products
Tokyo Board Industries Co., Ltd. engages in manufacturing and sells particleboard and provides comprehensive wood environmental solutions in Japan. The company's main business involves processing wood waste generated by the construction and logistics industries, as well as intermediate waste processing companies, and recycling it into wood chips that are used as raw materials for manufacturing particleboard under the EVA board brand. The company also offers particle boards and plywood products. In addition, the company offers involved in the collection and transportation of industrial waste; and general freight transportation businesses, as well as management and operation of shopping facilities. Tokyo Board Industries Co., Ltd. was incorporated in 1947 and is headquartered in Tokyo, Japan.
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⚠ TSE Capital Mandate
P / Book
0.46×
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
¥7.7B
¥7.1B
¥8.5B
¥7.6B
Cost of Sales
¥5.9B
¥6.3B
¥6.8B
¥6.6B
Gross Profit
¥1.8B
¥854M
¥1.6B
¥949M
SG&A
¥1.8B
¥1.8B
¥1.9B
¥1.9B
Operating Income
¥-33M
¥-940M
¥-243M
¥-938M
Non-Operating Income
¥47M
¥124M
¥91M
¥104M
Dividend Income
¥5M
¥5M
¥5M
¥3M
Interest Income
¥1M
¥0M
¥0M
¥0M
Non-Operating Expenses
¥105M
¥75M
¥73M
¥80M
Interest Expense
¥84M
¥70M
¥70M
¥73M
Ordinary Income
¥-91M
¥-891M
¥-224M
¥-914M
Pre-tax Income
¥410M
¥-891M
¥-368M
¥-1.1B
Income Taxes
¥81M
¥42M
¥80M
¥90M
Current Tax
¥89M
¥44M
¥92M
¥107M
Deferred Tax
¥-8M
¥-1M
¥-12M
¥-17M
Net Income (owners)
¥293M
¥-957M
¥-508M
¥-1.2B
Minority Interest
¥36M
¥24M
¥60M
¥70M
Comprehensive Income
¥339M
¥-933M
¥-461M
¥-1.1B
EBITDA
¥718M
¥316M
¥1.0B
¥402M
EPS
¥113.09
¥-369.25
¥-195.92
¥-472.20
Shares Outstanding
2.7M
2.7M
2.7M
2.7M
Shares Issued (total)
3.7M
3.7M
3.7M
3.7M
Treasury Shares
1.0M
1.0M
1.0M
1.0M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥12.5B
¥11.8B
¥12.8B
¥13.4B
Current Assets
¥4.8B
¥4.8B
¥5.1B
¥4.6B
Cash & Deposits
¥1.8B
¥1.6B
¥2.5B
¥1.8B
Trade Receivables
¥818M
¥869M
¥593M
—
Non-Current Assets
¥7.8B
¥7.0B
¥7.7B
¥8.8B
PP&E
¥7.2B
¥6.5B
¥7.2B
¥8.3B
Intangible Assets
¥10M
¥7M
¥8M
¥7M
Investment Securities
¥112M
¥98M
¥97M
¥117M
Deferred Tax Assets
¥20M
¥16M
¥21M
¥20M
Total Liabilities
¥10.1B
¥9.8B
¥9.8B
¥10.0B
Current Liabilities
¥7.1B
¥6.2B
¥4.8B
¥3.7B
Accounts Payable
¥511M
¥497M
¥458M
¥663M
ST Debt
¥5.6B
¥5.1B
¥3.6B
¥2.4B
Taxes Payable
¥82M
¥8M
¥46M
¥61M
Non-Current Liabilities
¥3.0B
¥3.6B
¥5.0B
¥6.2B
Total LT Borrowings
¥1.9B
¥2.4B
¥3.8B
¥5.1B
Pension Obligations
¥252M
¥242M
¥253M
¥259M
Deferred Tax Liab.
¥262M
¥262M
¥267M
¥285M
Total Equity
¥2.4B
¥2.1B
¥3.0B
¥3.5B
Capital Stock
¥221M
¥221M
¥221M
¥221M
Capital Surplus
¥115M
¥115M
¥115M
¥115M
Retained Earnings
¥2.6B
¥2.3B
¥3.2B
¥3.7B
Treasury Stock
¥-1.4B
¥-1.4B
¥-1.4B
¥-1.4B
AOCI
¥45M
¥35M
¥35M
¥48M
Equity (owners)
¥1.5B
¥1.2B
¥2.2B
¥2.7B
Minority Interests
¥857M
¥826M
¥807M
¥752M
Total Interest-Bearing Debt ⓘ
¥7.4B
¥7.5B
¥7.5B
¥7.5B
Net Cash ⓘ
¥-5.6B
¥-5.8B
¥-4.9B
¥-5.7B
NCAV ⓘ
¥-5.4B
¥-4.9B
¥-4.7B
¥-5.3B
NCAV/Share
¥-2,004
¥-1,844
¥-1,756
¥-2,000
BV/Share
¥561
¥451
¥809
¥999
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥1.3B
¥-350M
¥1.1B
¥1.2B
Interest Paid
¥-100M
¥-63M
¥-70M
¥-73M
Interest Received
¥6M
¥5M
¥5M
¥3M
D&A
¥751M
¥1.3B
¥1.3B
¥1.3B
Investing CF
¥-1.1B
¥-544M
¥-325M
¥-464M
CapEx
¥1.1B
¥550M
¥335M
¥722M
Financing CF
¥-35M
¥-16M
¥-26M
¥-452M
LT Debt Repaid
¥-1.2B
¥-10M
¥-20M
¥-403M
Free Cash Flow
¥196M
¥-900M
¥741M
¥478M
Net Change in Cash
¥172M
¥-910M
¥726M
¥284M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
21.0%
-37.7%
-15.7%
-35.2%
ROA
2.4%
-7.8%
-3.9%
-9.1%
EPS
¥113.09
¥-369.25
¥-195.92
¥-472.20
BPS
¥596.13
¥479.25
¥848.35
¥1,049.48
FCF/Share
¥73
¥-337
¥277
¥179
NCAV/Share
¥-2,004
¥-1,844
¥-1,756
¥-2,000
No filings or capital allocation signals recorded for this company.
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 7
#
Shareholder
Shares (thou.)
% of Total
1
井上 弘之
744,543
27.84%
2
セイホク株式会社
266,000
9.94%
3
T·B·H
T・B・H株式会社
235,535
8.80%
4
吉岡 裕之
168,000
6.28%
5
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社
81,968
3.06%
6
JK Holdings Co.,Ltd.
JKホールディングス株式会社
78,070
2.91%
7
小林 誠
75,500
2.82%
8
三勇床工事株式会社
63,400
2.37%
9
吉野石膏株式会社
58,900
2.20%
10
株式会社三菱UFJ銀行
50,000
1.86%
Domestic Nominees
3.1%
+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
65.0%
+0.1% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
井上 弘之
27.84%
27.84%
27.84%
セイホク
10.09%
9.94%
9.94%
T·B·H
T・B・H
8.80%
8.80%
8.80%
吉岡 裕之
5.59%
6.10%
6.28%
+0.18%
Japan Master Trust Bank
日本マスタートラスト信託銀行
3.06%
3.06%
3.06%
JK Holdings Co.,Ltd.
JKホールディングス
2.91%
2.91%
2.91%
小林 誠
NEW ENTRY
—
—
—
2.82%
NEW
三勇床工事
—
2.25%
2.37%
+0.12%
吉野石膏
2.20%
2.20%
2.20%
式会社三菱UFJ銀行
NEW ENTRY
1.86%
—
1.86%
NEW
GMOクリック証券
last seen 2024
Exited Top 10
—
2.71%
—
楽天証券
last seen 2024
Exited Top 10
—
2.17%
—
東京ボード工業従業員持株会
last seen 2023
Exited Top 10
1.86%
—
—
吉野 勝秀
last seen 2023
Exited Top 10
1.89%
—
—
Concentration (HHI)
ⓘ
1019
1028
1030
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥93M
+19% since 2023
Holdings
7
Trend
Stable
vs 2023
Held Company
FY2025
¥93M total
FY2023
¥78M total
Book Val ¥M
Shares
Book Val ¥M
Shares
TRE HOLDINGS CORPORATION
TREホールディングス㈱
48
29,760
43
29,760
JK Holdings Co.,Ltd.
JKホールディングス㈱
26
25,300
26
25,300
M
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
12
3,000
6
3,000
M
Sumitomo Forestry Co., Ltd.
住友林業㈱
4
1,000
3
1,000
M
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
2
1,000
1
1,000
M
Taihei Machinery Works,Limited
㈱太平製作所
0
100
0
100
HOKUSHIN CO.,LTD.
ホクシン㈱
0
200
0
200
Portfolio total
93
78
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding