KANEMATSU CORPORATION

8020 兼松株式会社

Wholesale Trade · Prime · TSE: Disclosed

PRICE: ¥2,087 · MKT CAP: ¥351.3B · P/E: 10.7x · P/B: 1.67x · DIV YIELD: 2.5%

PRICE — 5Y

Characteristics & Business Summary

Kanematsu Corporation trades in commercial products in Japan and internationally. It operates through Electronics; Foods, Meat; Steel Materials; and Motor Vehicles & Aerospace segments. The company offers semiconductor equipment, semiconductor and devices...

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

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Net Sales	649	768	911	986	1,051	1,068	1,100
Operating Profit	24	29	39	44	42	49	54
Ordinary Profit	—	—	—	—	—	47	—
Net Profit	13	16	19	23	27	33	35
EPS	¥158	¥190	¥221	¥276	¥326	¥193	¥210
DPS	¥60	¥65	¥75	¥90	¥105	¥58	¥70

Balance Sheet & Valuation Highlights

Total Assets ¥733B

Net Assets (Equity) ¥223B

Equity Ratio 28.4%

ROE (Return on Equity) 15.6%

Cash & Equivalents ¥58B

Interest-Bearing Debt ¥155B

Capital Expenditure (CapEx) ¥4B

Depreciation & Amort. ¥16B

Major Shareholders

1. The Master Trust Bank of Japan, Ltd. (Trust Account) 17.2%
2. Japan Custody Bank 6.8%
3. State Street Bank and Trust Company 4.3%
4. State Street Bank and Trust Company 1.8%
5. MSIP CLIENT SECURITIES 1.7%
6. JPMorgan Securities Japan Co., Ltd. 1.6%
7. State Street Bank and Trust Company 1.5%
8. BNY Mellon (Nominee) 1.4%
9. JPMorgan Chase Bank, N.A. 1.4%
10. State Street Bank and Trust Company 1.3%

Activist Activity

Sumitomo Mitsui Trust Bank,Limited 4.4%

2025-09-19 · change

BlackRock Japan Co., Ltd. 5.16%

2024-11-06 · initial_5pct

Mitsubishi UFJ Financial Group Inc. 4.4%

2024-10-17 · change

Mitsubishi UFJ Financial Group Inc. 5.3%

2024-07-23 · change

Grantham, Mayo, Van Otterloo & Co. LLC 6.1%

2023-12-28 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues per share	¥7,715	¥9,127	¥10,832	¥11,719	¥12,486	¥6,342	¥6,535
FCF/Share	¥387	¥140	¥-59	¥380	¥585	¥316	—
EPS	¥158	¥190	¥221	¥276	¥326	¥193	¥210
DPS	¥60	¥65	¥75	¥90	¥105	¥58	¥70
Capital Spending per share	¥52	¥43	¥55	¥43	¥108	¥26	—
Book Value per share	¥1,710	¥1,895	¥1,527	¥1,894	¥2,067	¥1,238	—
Common Shares Outstanding	84M	84M	84M	84M	84M	168M	168M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues (Net Sales)	¥649B	¥768B	¥911B	¥986B	¥1,051B	¥1,068B	¥1,100B
Operating Margin (%)	3.6%	3.8%	4.3%	4.4%	4.0%	4.6%	4.9%
Net Profit (owners)	¥13B	¥16B	¥19B	¥23B	¥27B	¥33B	¥35B
Net Profit Margin (%)	2.1%	2.1%	2.0%	2.4%	2.6%	3.0%	3.2%
Working Capital	¥44B	¥57B	¥-18B	¥-6B	¥20B	¥31B	—
Total Debt (Interest-bearing)	¥122B	¥143B	¥228B	¥215B	¥179B	¥155B	—
Net Worth (Common Equity)	¥144B	¥159B	¥129B	¥159B	¥174B	¥208B	—
Return on Total Assets (ROA)	2.4%	2.5%	2.7%	3.2%	4.0%	4.4%	—
Return on Common Equity (ROE)	9.3%	10.0%	14.5%	14.6%	15.8%	15.6%	—

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.