8051
Yamazaki Co., Ltd.
株式会社山善
Industrials · Specialty Industrial Machinery
Yamazen Corporation provides production equipment and consumer goods. The company FMS and FMC, industrial robots, machining centers, CNC lathes, CNC grinding, CNC milling, electrical discharge, CAD/CAM, lamination devices, measuring and automation peripheral equipment, accessories, conventional machine tools, injection molding and laser processing, other metal sheet forming and processing machines, etc.; industrial solutions/tool and engineering; metal forming/plate machines, die-cast molding machines, and machine tools accessories; and home appliances, interiors, exteriors, gardening and outdoor products, daily goods, healthcare and sanitary goods, industrial tools, car parts, etc. The company also provides kitchen, cooking, bathroom, washbasin, and sanitary appliances; water boiling, air conditioning and ventilation, solar power generation, storage batteries, floor heating, solar thermal water heating, stored-heat heating systems, office, home, nursing care, IoT, BCP-related, and construction equipment; interior and exterior architectural, electrical equipment, and construction materials; window and structural building frames; foundations; and plumbing equipment and materials. In addition, it offers sales promotion, event, PR, media advertising, marketing, housing magazine publication, and consulting services; accident/life insurance agency services; industrial machinery, FA systems, and logistics services. Further, the company engages in editing, producing, and printing various publications; design and manufacture of industrial equipment for automation and energy saving; marketing and research works; and planning and supporting seminars and exhibitions. It is also involved in planning, engineering, and consulting of FA systems; and provision of automated plants, production lines, automated and labor-saving, industrial robot systems, measuring, cleaning, and others equipment. The company was incorporated in 1947 and is headquartered in Osaka, Japan.
Price
¥1,737
Market Cap
¥148.8B
Ent. Value
¥84.6B
Net Cash
¥64.2B
Shares Out.
85.6M
P / E
19.2×
EV / EBIT
8.9×
P / Book
1.17×
P / NCAV
2.29×
Div. Yield
2.99%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥516.1B | ¥506.9B | ¥527.3B | ¥501.9B |
| Cost of Sales | ¥439.2B | ¥432.5B | ¥449.0B | ¥429.1B |
| Gross Profit | ¥77.0B | ¥74.4B | ¥78.3B | ¥72.7B |
| SG&A | ¥67.4B | ¥64.5B | ¥61.7B | ¥55.6B |
| Operating Income | ¥9.5B | ¥9.9B | ¥16.6B | ¥17.1B |
| Non-Operating Income | ¥1.0B | ¥835M | ¥1.0B | ¥564M |
| Dividend Income | ¥363M | ¥344M | ¥300M | ¥309M |
| Interest Income | ¥477M | ¥183M | ¥100M | ¥61M |
| Non-Operating Expenses | ¥535M | ¥287M | ¥289M | ¥604M |
| Interest Expense | ¥208M | ¥233M | ¥257M | ¥277M |
| Ordinary Income | ¥10.0B | ¥10.4B | ¥17.3B | ¥17.1B |
| Pre-tax Income | ¥12.3B | ¥10.4B | ¥17.3B | ¥17.8B |
| Income Taxes | ¥4.2B | ¥3.7B | ¥4.7B | ¥5.7B |
| Current Tax | ¥3.9B | ¥3.1B | ¥4.1B | ¥5.3B |
| Deferred Tax | ¥309M | ¥629M | ¥588M | ¥422M |
| Net Income (owners) | ¥7.8B | ¥6.5B | ¥12.5B | ¥12.0B |
| Minority Interest | ¥246M | ¥156M | ¥152M | ¥93M |
| Comprehensive Income | ¥4.7B | ¥12.4B | ¥14.4B | ¥14.1B |
| EBITDA | ¥14.3B | ¥14.2B | ¥19.9B | ¥19.2B |
| EPS | ¥90.63 | ¥73.04 | ¥141.00 | ¥133.74 |
| Shares Outstanding | 85.6M | 89.0M | 89.0M | 89.0M |
| Shares Issued (total) | 95.3M | 95.3M | 95.3M | 95.3M |
| Treasury Shares | 9.7M | 6.3M | 6.3M | 6.3M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥292.3B | ¥295.0B | ¥288.9B | ¥282.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥229.4B | ¥241.4B | ¥238.6B | ¥235.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥64.3B | ¥79.7B | ¥70.3B | ¥70.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥76.6B | ¥76.1B | ¥75.8B | ¥78.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥62.8B | ¥53.5B | ¥50.3B | ¥46.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥15.0B | ¥14.1B | ¥13.7B | ¥12.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥11.0B | ¥9.5B | ¥11.0B | ¥11.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥24.1B | ¥18.4B | ¥17.6B | ¥16.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥362M | ¥305M | ¥350M | ¥335M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥164.3B | ¥162.4B | ¥165.1B | ¥169.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥143.8B | ¥140.1B | ¥144.2B | ¥148.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥64.3B | ¥62.3B | ¥63.9B | ¥69.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥33M | ¥19M | ¥21M | ¥29M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥2.1B | ¥1.4B | ¥1.1B | ¥2.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥20.6B | ¥22.2B | ¥21.0B | ¥20.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥47M | ¥66M | ¥85M | ¥106M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥321M | ¥314M | ¥285M | ¥266M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥5.7B | ¥6.8B | ¥5.0B | ¥4.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥127.9B | ¥132.6B | ¥123.8B | ¥113.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥7.9B | ¥7.9B | ¥7.9B | ¥7.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥7.6B | ¥7.6B | ¥7.6B | ¥7.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥107.5B | ¥104.0B | ¥101.1B | ¥92.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-11.9B | ¥-7.0B | ¥-7.0B | ¥-7.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥15.6B | ¥19.0B | ¥13.3B | ¥11.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥111.0B | ¥112.5B | ¥109.6B | ¥101.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥1.3B | ¥1.1B | ¥829M | ¥626M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥80M | ¥85M | ¥106M | ¥135M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥64.2B | ¥79.6B | ¥70.2B | ¥70.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥65.1B | ¥79.1B | ¥73.4B | ¥66.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥760 | ¥888 | ¥825 | ¥749 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥1,296 | ¥1,264 | ¥1,231 | ¥1,135 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥8.4B | ¥11.2B | ¥7.8B | ¥7.1B |
| Interest Paid | ¥-205M | ¥-230M | ¥-252M | ¥-271M |
| Interest Received | ¥774M | ¥528M | ¥400M | ¥374M |
| D&A | ¥4.8B | ¥4.4B | ¥3.3B | ¥2.0B |
| Investing CF | ¥-11.1B | ¥-927M | ¥-3.3B | ¥-2.8B |
| Purchase Investments | ¥-8.9B | ¥-35M | ¥-446M | ¥-234M |
| Financing CF | ¥-10.7B | ¥-4.8B | ¥-5.2B | ¥967M |
| Dividends Paid | ¥-4.4B | ¥-3.6B | ¥-4.0B | ¥-1.8B |
| Share Buybacks | ¥-5.1B | ¥0M | ¥0M | ¥-6.0B |
| LT Debt Repaid | ¥-19M | ¥-20M | ¥-29M | ¥-29M |
| Free Cash Flow | ¥8.4B | ¥11.2B | ¥7.8B | ¥7.1B |
| Net Change in Cash | ¥-13.6B | ¥7.3B | ¥-24M | ¥6.7B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 6.1% | 5.1% | 10.6% | 10.9% |
| ROA | 2.7% | 2.2% | 4.4% | 4.3% |
| EPS | ¥90.63 | ¥73.04 | ¥141.00 | ¥133.74 |
| DPS | ¥52.00 | ¥50.00 | ¥40.00 | ¥35.00 |
| BPS | ¥1,481.00 | ¥1,480.16 | ¥1,383.65 | ¥1,268.98 |
| FCF/Share | ¥98 | ¥125 | ¥87 | ¥79 |
| NCAV/Share | ¥760 | ¥888 | ¥825 | ¥749 |
| Payout Ratio | 57.4% | 68.5% | 28.4% | 26.2% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 26
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-13
14:00
|
Div Increase | ¥2.9B ¥34.0/sh +6% | Yamazen announced an increase in FY2026 March period final dividend from ¥32.00 to ¥34.00 per share (total ¥2,942 millio… | |
|
Summary
Yamazen announced an increase in FY2026 March period final dividend from ¥32.00 to ¥34.00 per share (total ¥2,942 million), raising full-year dividend guidance from ¥52.00 to ¥54.00 per share. For FY2027, the company forecasts a further increase to ¥56.00 per share (¥20.00 interim + ¥36.00 final) based on DOE 3.5% dividend policy under its PROACTIVE YAMAZEN 2027 medium-term plan.
Deadline: 2026-06-12
YoY: +6%
Source (JP)
2026年3月期(当期)の1株当たり年間配当金を、前回予想の52円00銭から54円00銭に修正し、これに伴い期末配当金を前回予想の32円00銭から34円00銭に修正いたしました
剰余金の配当(増配)及び2027年3月期配当予想に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
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)
|
7,132 | 8.32% |
| 2 |
HIKARI TSUSHIN,INC.
光通信株式会社
|
6,442 | 7.52% |
| 3 |
Business Partner Stock Ownership Plan
山善取引先持株会
|
6,350 | 7.41% |
| 4 |
Business Partner Stock Ownership Plan
東京山善取引先持株会
|
5,316 | 6.20% |
| 5 | 山善社員投資会 | 3,292 | 3.84% |
| 6 | 株式会社エフティグループ | 2,537 | 2.96% |
| 7 |
Business Partner Stock Ownership Plan
名古屋山善取引先持株会
|
1,983 | 2.31% |
| 8 |
Japan Custody Bank
株式会社 日本カストディ銀行(信託口)
|
1,841 | 2.15% |
| 9 |
Business Partner Stock Ownership Plan
広島山善取引先持株会
|
1,370 | 1.60% |
| 10 |
Business Partner Stock Ownership Plan
九州山善取引先持株会
|
1,114 | 1.30% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
10.5%
+0.9% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
-1.4% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
33.1%
+4.9% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 43.6% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 8.97% | 7.87% | 8.32% +0.45% | |
| HIKARI TSUSHIN,INC. 光通信 | — | 5.76% | 7.52% +1.76% | |
| Business Partner Stock Ownership Plan 山善取引先持株会 | 9.72% | 7.51% | 7.41% -0.10% | |
| Business Partner Stock Ownership Plan 東京山善取引先持株会 | 7.17% | 5.93% | 6.20% +0.27% | |
| 山善社員投資会 | 3.75% | 3.63% | 3.84% +0.21% | |
| 式会社エフティグループ NEW ENTRY | — | — | — | 2.96% NEW |
| Business Partner Stock Ownership Plan 名古屋山善取引先持株会 | 2.70% | 2.42% | 2.31% -0.11% | |
| Japan Custody Bank 日本カストディ銀行 | 1.97% | 1.75% | 2.15% +0.40% | |
| Business Partner Stock Ownership Plan 広島山善取引先持株会 | 1.81% | 1.52% | 1.60% +0.08% | |
| Business Partner Stock Ownership Plan 九州山善取引先持株会 | 1.59% | 1.44% | 1.30% -0.14% | |
| State Street last seen 2024 | Exited Top 10 | — | 1.35% | — |
| みずほ銀行 last seen 2023 | Exited Top 10 | 2.57% | — | — |
| りそな銀行 last seen 2023 | Exited Top 10 | 2.41% | — | — |
| Concentration (HHI) ⓘ | 270 | 215 | 257 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥11,768M
-25% since 2023
Holdings
34
7 exited
Trend
4 unwinding
vs 2023
| Held Company | FY2025 ¥11,768M total | FY2023 ¥15,696M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業株式会社
|
3,558 |
-33.3%
↓
220,500
|
7,817 | 330,500 | M |
|
OKUMA Corporation
オークマ株式会社
|
1,370 |
+105.2%
↑
402,009
|
1,157 | 195,928 | M |
|
KUBOTA CORPORATION
株式会社 クボタ
|
950 |
519,060
|
1,037 | 519,060 | M |
|
OSAKA SODA CO.,LTD.
株式会社 大阪ソーダ
|
844 |
+400.0%
↑
520,000
|
452 | 104,000 | M |
|
OSG Corporation
オーエスジー株式会社
|
835 |
+1.3%
↑
512,386
|
1,005 | 505,987 | M |
|
DAIFUKU CO.,LTD.
株式会社 ダイフク
|
700 |
+50.0%
↑
192,387
|
940 | 128,258 | M |
|
TSUGAMI CORPORATION
株式会社 ツガミ
|
546 |
300,000
|
430 | 300,000 | M |
|
TONE CO.,LTD.
TONE株式会社
|
492 |
+100.0%
↑
954,000
|
375 | 477,000 | M |
| 東洋機械金属株式会社 | 375 |
600,000
|
354 | 600,000 | |
|
Sumitomo Electric Industries, Ltd.
住友電気工業株式会社
|
338 |
137,132
|
232 | 137,132 | M |
|
TAKARA STANDARD CO.,LTD.
タカラスタンダード株式会社
|
225 |
128,600
|
188 | 128,600 | M |
|
BROTHER INDUSTRIES LTD.
ブラザー工業株式会社
|
188 |
70,000
|
139 | 70,000 | M |
|
CKD Corporation
CKD株式会社
|
172 |
-8.6%
↓
85,492
|
201 | 93,571 | M |
|
Joshin Denki Co., Ltd.
上新電機株式会社
|
159 |
75,000
|
146 | 75,000 | M |
|
TOKYO SEIMITSU CO., LTD.
株式会社 東京精密
|
147 |
-50.0%
↓
18,500
|
189 | 37,000 | M |
|
NITTO KOHKI CO.,LTD.
日東工器株式会社
|
121 |
66,000
|
119 | 66,000 | M |
|
NORITZ CORPORATION
株式会社 ノーリツ
|
108 |
+7.7%
↑
61,403
|
99 | 57,016 | M |
|
LOBTEX.CO.,LTD.
株式会社 ロブテックス
|
84 |
-7.0%
↓
69,079
|
94 | 74,266 | M |
| 北越工業株式会社 | 82 |
43,104
|
60 | 43,104 | M |
|
Cleanup Co., Ltd.
クリナップ株式会社
|
73 |
112,100
|
77 | 112,100 | M |
|
Kitagawa Corporation
株式会社 北川鉄工所
|
67 |
55,500
|
59 | 55,500 | M |
|
CORONA CORPORATION
株式会社 コロナ
|
63 |
69,050
|
62 | 69,050 | M |
|
uematsu shokai co.,ltd.
株式会社 植松商会
|
59 |
62,500
|
40 | 62,500 | M |
|
DAIHEN CORPORATION
株式会社 ダイヘン
|
44 |
+1.4%
↑
7,000
|
30 | 6,900 | M |
|
TAKEDA MACHINERY CO., LTD.
タケダ機械株式会社
|
36 |
10,000
|
24 | 10,000 | |
|
Mr Max Holdings Ltd.
株式会社 ミスターマックス・ホールディングス
|
33 |
50,000
|
33 | 50,000 | |
|
SUPER TOOL CO.,LTD.
株式会社 スーパーツール
|
28 |
14,486
|
28 | 14,486 | M |
|
DCM Holdings Co.,Ltd.
DCMホールディングス株式会社
|
18 |
13,325
|
15 | 13,325 | |
|
VALOR HOLDINGS CO.,LTD.
株式会社 バローホールディングス
|
17 |
7,200
|
13 | 7,200 | |
|
juntendo co.,ltd.
株式会社 ジュンテンドー
|
15 |
29,128
|
16 | 29,128 | |
|
Denyo Co.,Ltd.
デンヨー株式会社
|
10 |
4,442
|
7 | 4,442 | M |
|
Sekichew Co., Ltd.
株式会社 セキチュー
|
10 |
10,000
|
12 | 10,000 | |
|
CONSEC CORPORATION
株式会社 コンセック
|
1 |
1,430
|
1 | 1,430 | M |
|
Proterial, Ltd.
株式会社プロテリアル
|
— | — | |||
|
Panasonic Holdings Corporation
パナソニックホールディングス株式会社
|
— |
−100%
Exit
—
|
92 | 78,500 | |
|
TSUDAKOMA Corp.
津田駒工業株式会社
|
— |
−100%
Exit
—
|
2 | 4,210 | M |
|
Resona Holdings, Inc.
株式会社 りそなホールディングス
|
— |
−100%
Exit
—
|
51 | 80,195 | M |
|
Takisawa Co.
株式会社 TAKISAWA
|
— |
−100%
Exit
—
|
37 | 30,000 | M |
|
Mizuho Financial Group, Inc.
株式会社 みずほフィナンシャルグループ
|
— |
−100%
Exit
—
|
26 | 13,850 | M |
|
YAMABIKO CORPORATION
株式会社 やまびこ
|
— |
−100%
Exit
—
|
20 | 15,200 | M |
|
Mitsubishi UFJ Financial Group, Inc.
株式会社 三菱UFJフィナンシャル・グループ
|
— |
−100%
Exit
—
|
17 | 20,350 | M |
| Portfolio total | 11,768 | 15,696 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding