7989
TACHIKAWA CORPORATION
立川ブラインド工業株式会社
Metal Products
Tachikawa Corporation designs, manufactures, markets, sells, and installs various window covering products, centered around blinds and room partitions primarily in Japan. The company offers vertical and venetian blinds, roller blinds, roman shades, transitional blinds, pleated blinds, wood blinds, partition walls, accordion doors, curtain rails, and other window coverings and interior finishing products for home, office, and public buildings. It is also involved in the manufacture and sale of parking systems, geared motors, motorized panel louvers, and movable partitions, as well as offers residential, office, and public facility solutions. The company was formerly known as Tachikawa Manufacturing Co., Ltd. and changed its name to Tachikawa Corporation in October 1947. The company was founded in 1938 and is headquartered in Minato, 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 ↗
FY 2021
EDINET ↗
Net Sales
¥42.6B
¥41.4B
¥41.3B
¥41.3B
¥41.2B
Cost of Sales
¥25.1B
¥24.3B
¥24.4B
¥24.4B
¥23.3B
Gross Profit
¥17.5B
¥17.1B
¥16.9B
¥16.9B
¥17.9B
SG&A
¥13.1B
¥12.8B
¥12.8B
¥13.1B
¥13.3B
Operating Income
¥4.4B
¥4.4B
¥4.0B
¥3.8B
¥4.6B
Non-Operating Income
¥231M
¥239M
¥297M
¥196M
¥201M
Dividend Income
¥106M
¥101M
¥88M
¥81M
¥71M
Interest Income
¥31M
¥5M
¥3M
¥3M
¥1M
Non-Operating Expenses
¥13M
¥223M
¥17M
¥13M
¥96M
Interest Expense
¥1M
¥0M
¥0M
¥0M
¥0M
Ordinary Income
¥4.6B
¥4.4B
¥4.3B
¥4.0B
¥4.7B
Pre-tax Income
¥4.6B
¥4.3B
¥4.3B
¥4.0B
¥4.5B
Income Taxes
¥1.4B
¥1.5B
¥1.5B
¥1.3B
¥1.5B
Current Tax
¥1.5B
¥1.5B
¥1.5B
¥1.2B
¥1.5B
Deferred Tax
¥-170M
¥-66M
¥-9M
¥107M
¥-28M
Net Income (owners)
¥3.2B
¥2.8B
¥2.7B
¥2.5B
¥2.9B
Minority Interest
—
¥63M
¥164M
¥160M
¥162M
Comprehensive Income
¥4.4B
¥3.5B
¥3.6B
¥2.4B
¥3.4B
EBITDA
¥5.6B
¥5.5B
¥5.3B
¥4.8B
¥5.4B
EPS
¥161.17
¥148.63
¥143.20
¥129.74
¥147.40
Shares Outstanding
20.1M
20.1M
18.6M
19.2M
19.5M
Shares Issued (total)
20.8M
20.8M
20.8M
20.8M
20.8M
Treasury Shares
0.7M
0.7M
2.2M
1.6M
1.3M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥67.7B
¥63.8B
¥63.1B
¥62.6B
¥60.7B
Current Assets
¥41.2B
¥39.6B
¥39.1B
¥40.0B
¥40.5B
Cash & Deposits
¥17.7B
¥15.5B
¥15.5B
¥16.1B
¥18.1B
Trade Receivables
¥7.6B
¥9.0B
¥9.1B
¥10.0B
—
Non-Current Assets
¥26.5B
¥24.3B
¥24.0B
¥22.6B
¥20.2B
PP&E
¥17.5B
¥17.5B
¥17.8B
¥16.7B
¥14.9B
Intangible Assets
¥454M
¥421M
¥305M
¥375M
¥454M
Investment Securities
¥5.5B
¥3.6B
¥3.3B
¥2.9B
¥2.2B
Deferred Tax Assets
¥401M
¥640M
¥806M
¥1.1B
¥1.1B
Total Liabilities
¥11.4B
¥10.9B
¥12.7B
¥14.0B
¥13.5B
Current Liabilities
¥8.7B
¥7.9B
¥10.0B
¥11.0B
¥11.0B
Accounts Payable
¥1.9B
¥1.9B
¥2.5B
¥3.7B
¥3.7B
Taxes Payable
¥984M
¥987M
¥941M
¥538M
¥876M
Non-Current Liabilities
¥2.7B
¥2.9B
¥2.7B
¥3.0B
¥2.5B
Pension Obligations
¥2.3B
¥2.4B
¥2.2B
¥2.5B
¥2.0B
Deferred Tax Liab.
¥158M
¥12M
—
—
—
Total Equity
¥56.4B
¥53.0B
¥50.4B
¥48.6B
¥47.2B
Capital Stock
¥4.5B
¥4.5B
¥4.5B
¥4.5B
¥4.5B
Capital Surplus
¥7.6B
¥7.6B
¥4.6B
¥4.4B
¥4.4B
Retained Earnings
¥42.3B
¥40.1B
¥38.0B
¥35.9B
¥34.0B
Treasury Stock
¥-568M
¥-567M
¥-1.8B
¥-986M
¥-673M
AOCI
¥2.5B
¥1.3B
¥749M
¥46M
¥346M
Equity (owners)
¥53.9B
¥51.7B
¥45.3B
¥43.8B
¥42.2B
Minority Interests
—
—
¥4.4B
¥4.8B
¥4.6B
Net Cash ⓘ
¥17.7B
¥15.5B
¥15.5B
¥16.1B
¥18.1B
NCAV ⓘ
¥29.8B
¥28.7B
¥26.4B
¥26.0B
¥26.9B
NCAV/Share
¥1,485
¥1,428
¥1,422
¥1,356
¥1,385
BV/Share
¥2,679
¥2,570
¥2,437
¥2,285
¥2,169
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥4.5B
¥1.6B
¥4.3B
¥2.1B
¥2.1B
Interest Paid
¥-0M
¥-0M
¥-0M
¥-0M
¥-0M
Interest Received
¥132M
¥106M
¥92M
¥84M
¥73M
D&A
¥1.2B
¥1.2B
¥1.2B
¥966M
¥850M
Investing CF
¥-3.3B
¥-1.3B
¥-2.9B
¥-3.0B
¥-2.0B
CapEx
¥809M
¥1.1B
¥2.9B
¥2.5B
¥1.9B
Purchase Investments
¥-1.0B
¥-1M
¥-12M
¥-601M
¥-1M
Proceeds from Invest.
¥562M
¥581M
¥49M
¥95M
¥61M
Financing CF
¥-1.1B
¥-786M
¥-2.0B
¥-1.1B
¥-679M
Dividends Paid
¥-1.0B
¥-703M
¥-631M
¥-584M
¥-562M
Share Buybacks
—
¥-164M
¥-819M
¥-313M
—
Free Cash Flow
¥3.7B
¥565M
¥1.4B
¥-335M
¥235M
Net Change in Cash
¥137M
¥-425M
¥-576M
¥-1.9B
¥-529M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
5.9%
5.7%
6.0%
5.8%
7.0%
ROA
4.9%
4.4%
4.3%
4.1%
4.7%
EPS
¥161.17
¥148.63
¥143.20
¥129.74
¥147.40
DPS
¥70.00
¥46.00
¥36.00
¥31.00
¥30.00
BPS
¥2,803.47
¥2,636.03
¥2,477.47
¥2,287.34
¥2,186.83
FCF/Share
¥185
¥28
¥78
¥-17
¥12
NCAV/Share
¥1,485
¥1,428
¥1,422
¥1,356
¥1,385
Payout Ratio
43.4%
30.9%
25.1%
23.9%
20.4%
No filings or capital allocation signals recorded for this company.
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 10
#
Shareholder
Shares (thou.)
% of Total
1
有限会社立川恒産
4,117
20.48%
2
Business Partner Stock Ownership Plan
タチカワブラインド取引先持株会
1,819
9.05%
3
更生保護法人立川更生保護財団
1,331
6.62%
4
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
1,023
5.09%
5
立川 光威
498
2.48%
6
Nippon Life Insurance
日本生命保険相互会社
369
1.84%
7
Resona Bank
株式会社りそな銀行
360
1.80%
8
Employee Stock Ownership Plan
タチカワ社員持株会
312
1.55%
9
MUFG Bank
株式会社三菱UFJ銀行
251
1.25%
10
光通信KK投資事業有限責任組合
241
1.20%
Domestic Nominees
5.1%
+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
46.3%
-0.5% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
限会社立川恒産
22.17%
20.48%
20.48%
Business Partner Stock Ownership Plan
タチカワブラインド取引先持株会
10.12%
9.15%
9.05%
-0.10%
更生保護法人立川更生保護財団
7.17%
6.62%
6.62%
Japan Master Trust Bank
日本マスタートラスト信託銀行
5.49%
5.09%
5.09%
立川 光威
2.68%
2.48%
2.48%
Nippon Life Insurance
日本生命保険
1.91%
1.84%
1.84%
Resona Bank
りそな銀行
1.94%
1.80%
1.80%
Employee Stock Ownership Plan
タチカワ社員持株会
1.51%
1.68%
1.55%
-0.13%
MUFG Bank
式会社三菱UFJ銀行
2.17%
1.75%
1.25%
-0.50%
光通信KK投資事業有限責任組合
NEW ENTRY
—
—
—
1.20%
NEW
天馬
last seen 2024
Exited Top 10
—
1.02%
—
東リ
last seen 2023
Exited Top 10
1.13%
—
—
Concentration (HHI)
ⓘ
698
593
589
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥2,598M
+59% since 2023
Holdings
10
+1 new
1 exited
Trend
2 unwinding
vs 2023
Held Company
FY2025
¥2,598M total
FY2023
¥1,629M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
955
-9.0%
↓
383,230
510
421,230
M
TOLI Corporation
東リ㈱
556
750,000
239
750,000
M
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
472
-50.4%
↓
60,000
507
120,900
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
308
+200.0%
↑
61,149
140
20,383
M
YUASA TRADING CO.,LTD.
ユアサ商事㈱
111
+2.9%
↑
20,771
96
20,184
M
SUMINOE Co., Ltd.
SUMINOE㈱
106
NEW
New
84,800
—
M
Resona Holdings, Inc.
㈱りそなホールディングス
88
59,295
42
59,295
M
㈱大和証券グル-プ本社
—
—
DYNIC CORPORATION
ダイニック㈱
—
—
M
SHINTO PAINT COMPANY, LIMITED
神東塗料㈱
—
—
住江織物㈱
—
−100%
Exit
—
94
42,400
M
Portfolio total
2,598
1,629
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding