Roland Corporation

7944 ローランド株式会社

Leisure · Prime · TSE: Disclosed

PRICE: ¥4,290 · MKT CAP: ¥113.9B · P/E: 52.5x · P/B: 2.75x · DIV YIELD: 4.0%

PRICE — 5Y

Characteristics & Business Summary

Roland Corporation develops, manufactures, markets, imports, and exports electronic musical instruments, equipment, and software in Japan and internationally. The company offers pianos, synthesizers, keyboards, guitars and basses, drums and percussion, wind...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	64,044	80,032	95,840	102,445	99,433	100,952
Operating Profit	7,115	11,093	10,751	11,871	9,951	9,412
Ordinary Profit	6,277	10,102	10,250	11,154	8,411	9,022
Net Profit	4,301	8,586	8,938	8,151	5,976	2,168
EPS	¥156	¥307	¥324	¥294	¥215	¥82
DPS	¥72	¥138	¥156	¥170	¥170	¥170

Balance Sheet & Valuation Highlights

Total Assets ¥83B

Net Assets (Equity) ¥41B

Equity Ratio 49.2%

ROE (Return on Equity) 7.7%

Cash & Equivalents ¥16B

Interest-Bearing Debt ¥22B

Capital Expenditure (CapEx) ¥6B

Depreciation & Amort. ¥3B

Major Shareholders

1. Northern Trust Company 23.8%
2. MINERVA GROWTH CAPITAL,LP 16.4%
3. Japan Master Trust Bank 8.6%
4. Custody Bank of Japan, Ltd. (Trust Account) 4.0%
5. NORTHERN TRUST CO.(AVFC) RE UKUC UCITS CLIENTS NON LENDING 10PCT TREATY ACCOUNT 3.6%
6. NORTHERN TRUST CO.(AVFC) RE FIDELITY FUNDS 3.0%
7. BRIAN K. HEYWOOD (常任代理人:SMBC日興証券株式会社) 1.9%
8. ローランド社員持株会 1.4%
9. 三木純一 1.2%
10. State Street Bank and Trust Company 1.0%

Activist Activity

Fidelity Management and Research Company LLC and affiliated entities 3.76%

2026-06-09 · initial_5pct

FMR LLC 7.03%

2025-11-10 · change

FMR LLC 8.12%

2025-08-22 · change

FMR LLC 9.26%

2025-07-23 · change

FMR LLC 9.73%

2025-07-07 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥2,322	¥2,861	¥3,473	¥3,696	¥3,572	¥3,804
FCF/Share	¥214	¥133	¥-17	¥445	¥372	¥291
EPS	¥156	¥307	¥324	¥294	¥215	¥82
DPS	¥72	¥138	¥156	¥170	¥170	¥170
Capital Spending per share	¥37	¥43	¥46	¥111	¥49	¥225
Book Value per share	¥812	¥1,007	¥1,129	¥1,259	¥1,305	¥1,065
Common Shares Outstanding	28M	28M	28M	28M	28M	27M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥64B	¥80B	¥96B	¥102B	¥99B	¥101B
Operating Margin (%)	11.1%	13.9%	11.2%	11.6%	10.0%	9.3%
Net Profit (owners)	¥4B	¥9B	¥9B	¥8B	¥6B	¥2B
Net Profit Margin (%)	6.7%	10.7%	9.3%	8.0%	6.0%	2.1%
Working Capital	¥10B	¥18B	¥15B	¥18B	¥23B	¥17B
Total Debt (Interest-bearing)	¥10B	¥7B	¥27B	¥23B	¥18B	¥22B
Net Worth (Common Equity)	¥22B	¥28B	¥31B	¥35B	¥36B	¥28B
Return on Total Assets (ROA)	9.3%	16.3%	11.6%	10.1%	7.3%	2.6%
Return on Common Equity (ROE)	19.2%	30.5%	28.7%	23.4%	16.4%	7.7%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.