8052
TSUBAKIMOTO KOGYO CO.,LTD.
椿本興業株式会社
Wholesale Trade
Tsubakimoto Kogyo Co., Ltd. engages in the sale of machinery, equipment, parts, and accessories in Japan. It offers power transmission products, such as motion controllers, sensing/inspection/measurement equipment, motors and geared motors, linear servo devices, servo motors, actuators, chains and belts, couplings, reducers/accelerators, clutches and brakes, and peripheral equipment. The company also provides facilities and equipment for housing/materials/ceramics, food, paper/newspapers, chemicals/films, medicine/medical care, automobiles, tire/rubber factory systems, information systems, logistics, precision machinery and assembly systems, environment, aircraft, and trains and railway industries. In addition, it offers nonwoven fabrics, materials and moldings, engineered products, and other products; and sensing products, including sensors, lighting, cameras/lens, image processing systems, and IoT/AI/other products. Further, the company is involved in surveying, design, management, and contracting of civil engineering and construction work. The company was formerly known as Tsubakimoto Shoten Co., Ltd. and changed its name to Tsubakimoto Kogyo Co., Ltd. in July 1943. Tsubakimoto Kogyo Co., Ltd. was founded in 1916 and is headquartered in Osaka, Japan.
Price
¥2,694
Market Cap
¥50.1B
Ent. Value
¥26.0B
Net Cash
est
¥24.1B
Shares Out.
18.6M
P / E
9.8×
EV / EBIT
4.0×
P / Book
0.99×
P / NCAV
1.84×
Div. Yield
0.74%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥131.0B | ¥124.3B | ¥113.5B | ¥108.0B | ¥96.9B |
| Cost of Sales | ¥110.8B | ¥105.2B | ¥96.0B | ¥91.6B | ¥81.9B |
| Gross Profit | ¥20.2B | ¥19.1B | ¥17.5B | ¥16.4B | ¥14.9B |
| SG&A | ¥13.7B | ¥13.1B | ¥12.3B | ¥11.2B | ¥10.6B |
| Operating Income | ¥6.5B | ¥6.0B | ¥5.2B | ¥5.1B | ¥4.4B |
| Non-Operating Income | ¥679M | ¥556M | ¥417M | ¥384M | ¥407M |
| Dividend Income | — | ¥471M | ¥367M | ¥328M | ¥255M |
| Interest Income | — | ¥20M | ¥9M | ¥8M | ¥4M |
| Non-Operating Expenses | — | ¥64M | ¥73M | ¥52M | ¥41M |
| Interest Expense | — | ¥15M | ¥8M | ¥6M | ¥6M |
| Ordinary Income | ¥7.1B | ¥6.5B | ¥5.6B | ¥5.4B | ¥4.8B |
| Pre-tax Income | ¥7.4B | ¥6.9B | ¥5.8B | ¥5.4B | ¥4.7B |
| Income Taxes | ¥2.4B | ¥2.2B | ¥1.7B | ¥1.7B | ¥1.6B |
| Current Tax | — | ¥2.2B | ¥1.8B | ¥1.8B | ¥1.6B |
| Deferred Tax | — | ¥-52M | ¥-22M | ¥-42M | ¥-45M |
| Net Income (owners) | ¥5.0B | ¥4.7B | ¥4.0B | ¥3.7B | ¥3.2B |
| Minority Interest | — | ¥12M | ¥11M | ¥28M | ¥8M |
| Comprehensive Income | — | ¥5.6B | ¥7.4B | ¥4.2B | ¥3.2B |
| EBITDA | ¥6.9B | ¥6.3B | ¥5.5B | ¥5.3B | ¥4.6B |
| EPS | ¥273.54 | ¥252.03 | ¥212.90 | ¥585.55 | ¥507.58 |
| Shares Outstanding | — | 18.6M | 6.4M | 6.3M | 6.3M |
| Shares Issued (total) | — | 19.5M | 6.5M | 6.5M | 6.5M |
| Treasury Shares | — | 0.9M | 0.1M | 0.2M | 0.2M |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥100.1B | ¥100.7B | ¥94.8B | ¥84.5B | ¥76.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥77.1B | ¥81.1B | ¥76.3B | ¥71.0B | ¥64.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥24.1B | ¥29.0B | ¥26.9B | ¥22.9B | ¥17.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | — | ¥32.0B | ¥30.2B | ¥28.0B | ¥28.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥22.9B | ¥19.6B | ¥18.5B | ¥13.4B | ¥12.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥2.2B | ¥2.5B | ¥2.3B | ¥2.1B | ¥1.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | — | ¥429M | ¥421M | ¥357M | ¥106M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥19.0B | ¥15.5B | ¥14.6B | ¥9.8B | ¥9.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥28M | ¥12M | ¥53M | ¥49M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥49.9B | ¥56.7B | ¥54.4B | ¥50.4B | ¥46.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥44.2B | ¥52.0B | ¥50.1B | ¥47.7B | ¥43.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | — | ¥22.1B | ¥21.0B | ¥18.6B | ¥20.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | — | ¥1.4B | ¥749M | ¥960M | ¥1.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥5.7B | ¥4.6B | ¥4.3B | ¥2.7B | ¥2.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥1.8B | ¥1.9B | ¥1.8B | ¥1.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | — | ¥2.1B | ¥1.8B | ¥330M | ¥191M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥50.2B | ¥44.0B | ¥40.4B | ¥34.0B | ¥30.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥2.9B | ¥2.9B | ¥2.9B | ¥2.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥1.9B | ¥1.9B | ¥1.9B | ¥1.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥36.1B | ¥32.7B | ¥29.2B | ¥26.2B | ¥23.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-1.4B | ¥-622M | ¥-542M | ¥-553M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥7.6B | ¥6.7B | ¥3.4B | ¥2.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥39.6B | ¥36.1B | ¥33.4B | ¥30.5B | ¥27.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥280M | ¥243M | ¥233M | ¥185M | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥24.1B | ¥29.0B | ¥26.9B | ¥22.9B | ¥17.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥27.3B | ¥24.4B | ¥21.9B | ¥20.6B | ¥18.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥1,312 | ¥3,446 | ¥3,260 | ¥2,895 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥1,941 | ¥5,262 | ¥4,816 | ¥4,384 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥-3.6B | ¥3.6B | ¥5.0B | ¥6.7B | ¥6.6B |
| Interest Paid | — | ¥-10M | ¥-3M | ¥-2M | ¥-2M |
| Interest Received | — | ¥492M | ¥376M | ¥336M | ¥260M |
| D&A | ¥344M | ¥310M | ¥242M | ¥170M | ¥174M |
| Investing CF | ¥250M | ¥461M | ¥-69M | ¥-461M | ¥-152M |
| Purchase Investments | — | — | — | — | ¥-22M |
| Proceeds from Invest. | — | ¥957M | ¥461M | — | — |
| Financing CF | ¥-1.6B | ¥-2.1B | ¥-1.1B | ¥-971M | ¥-808M |
| Dividends Paid | — | ¥-1.2B | ¥-1.0B | ¥-948M | ¥-758M |
| Share Buybacks | — | ¥-845M | ¥-145M | ¥0M | ¥-1M |
| Free Cash Flow | ¥-3.6B | ¥3.6B | ¥5.0B | ¥6.7B | ¥6.6B |
| Net Change in Cash | — | ¥2.1B | ¥3.9B | ¥5.3B | ¥5.7B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 10.7% | 11.2% | 10.8% | 11.4% | 10.8% |
| ROA | 5.0% | 4.8% | 4.5% | 4.5% | 4.1% |
| EPS | ¥273.54 | ¥252.03 | ¥212.90 | ¥585.55 | ¥507.58 |
| DPS | ¥20.00 | ¥80.00 | ¥180.00 | ¥150.00 | ¥150.00 |
| BPS | ¥2,717.46 | ¥2,382.17 | ¥2,135.89 | ¥5,396.74 | ¥4,884.10 |
| FCF/Share | — | ¥193 | ¥789 | ¥1,062 | ¥1,039 |
| NCAV/Share | — | ¥1,312 | ¥3,446 | ¥3,260 | ¥2,895 |
| Payout Ratio | 7.3% | 31.7% | 84.5% | 25.6% | 29.6% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 16
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-08
16:00
|
Div Increase | ¥1.3B ¥70.0/sh +8% | TSUBAKIMOTO Nakamichi announced a dividend increase to ¥70 per share (¥60 ordinary + ¥10 commemorative) for FY2026, repr… | |
|
Summary
TSUBAKIMOTO Nakamichi announced a dividend increase to ¥70 per share (¥60 ordinary + ¥10 commemorative) for FY2026, representing a ¥5 increase in ordinary dividend versus prior year. The commemorative dividend of ¥10 marks the company's 110th anniversary. Total annual dividend expected to reach ¥90 per share with total payout of ¥1,302 million.
Deadline: 2026-06-29
YoY: +8%
Source (JP)
普通配当につきましては、当期の普通配当金を前期実績に比べ5円増配させていただき、予定通り1株当たり 60 円とさせていただきます。また、当社は、本年 10 月に創業 110 周年を迎える予定であります。つきましては、株主の皆様への感謝の意を表し、1株当たりの記念配当を 10 円実施することといたしました。
剰余金の配当および記念配当に関するお知らせ
TDnet PDF
|
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
TSUBAKIMOTO CHAIN CO.
株式会社椿本チエイン
|
2,014 | 10.82% |
| 2 |
Taiyo Life Insurance
太陽生命保険株式会社
|
1,680 | 9.03% |
| 3 |
NORTHERN TRUST CO.(AVFC) RE IEDP AIF CLIENTS NON TREATY ACCOUNT
NORTHERN TRUST CO.(AVFC) RE IEDP AIF CLIENTS NON TREATY ACCOUNT(常任代理人 香港上海銀行東京支店 カストディ業務部)
|
1,272 | 6.83% |
| 4 |
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
|
1,109 | 5.96% |
| 5 |
HIKARI TSUSHIN,INC.
光通信株式会社
|
786 | 4.23% |
| 6 |
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
|
572 | 3.07% |
| 7 |
Sumitomo Mitsui Trust Bank
三井住友信託銀行株式会社
|
564 | 3.03% |
| 8 |
MUFG Bank
株式会社三菱UFJ銀行
|
564 | 3.03% |
| 9 |
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
|
528 | 2.84% |
| 10 |
Nippon Life Insurance
日本生命保険相互会社
|
453 | 2.44% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
11.8%
-4.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
6.8%
+0.2% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
32.6%
-1.2% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 51.3% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| TSUBAKIMOTO CHAIN CO. 式会社椿本チエイン | 10.62% | 10.57% | 10.82% +0.25% | |
| Taiyo Life Insurance 太陽生命保険 | 9.07% | 9.03% | 9.03% | |
| Northern Trust | 6.70% | 6.67% | 6.83% +0.16% | |
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 5.48% | 6.97% | 5.96% -1.01% | |
| HIKARI TSUSHIN,INC. 光通信 | 3.97% | 4.39% | 4.23% -0.16% | |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 4.50% | 3.74% | 3.07% -0.67% | |
| Sumitomo Mitsui Trust Bank 三井住友信託銀行 | 4.46% | 4.44% | 3.03% -1.41% | |
| MUFG Bank 式会社三菱UFJ銀行 | 4.43% | 3.68% | 3.03% -0.65% | |
| Japan Custody Bank 日本カストディ銀行 | 2.45% | 4.41% | 2.84% -1.57% | |
| Nippon Life Insurance 日本生命保険 | — | 2.38% | 2.44% +0.06% | |
| りそな銀行 last seen 2023 | Exited Top 10 | 2.50% | — | — |
| Concentration (HHI) ⓘ | 358 | 378 | 340 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥13,820M
+59% since 2023
Holdings
32
+1 new
5 exited
Trend
2 unwinding
vs 2023
| Held Company | FY2025 ¥13,820M total | FY2023 ¥8,686M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
TSUBAKIMOTO CHAIN CO.
㈱椿本チエイン
|
6,427 |
+200.0%
↑
3,476,442
|
3,725 | 1,158,814 | M |
|
T&D Holdings, Inc.
㈱T&Dホールディングス
|
2,155 |
679,140
|
1,114 | 679,140 | |
|
Mitsubishi Heavy Industries,Ltd.
三菱重工業㈱
|
783 |
+900.0%
↑
310,250
|
151 | 31,025 | |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
709 |
-24.9%
↓
353,030
|
398 | 470,030 | |
|
TSURUMI MANUFACTURING CO.,LTD.
㈱鶴見製作所
|
573 |
185,000
|
383 | 185,000 | |
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
561 |
+123.1%
↑
148,071
|
351 | 66,357 | |
|
Techno Smart Corp.
㈱テクノスマート
|
465 |
278,250
|
443 | 278,250 | M |
|
TAKUMA CO., LTD.
㈱タクマ
|
394 |
215,000
|
285 | 215,000 | M |
|
SAKATA INX CORPORATION
サカタインクス㈱
|
383 |
200,000
|
207 | 200,000 | M |
|
NISSAN MOTOR CO., LTD.
日産自動車㈱
|
357 |
942,970
|
472 | 942,970 | |
|
Kurashiki Spinning Co., Ltd.
倉敷紡績㈱
|
298 |
50,000
|
125 | 50,000 | M |
|
NITTO DENKO CORPORATION
日東電工㈱
|
136 |
+400.0%
↑
50,000
|
85 | 10,000 | |
|
Makita Corporation
㈱マキタ
|
113 |
23,100
|
75 | 23,100 | |
|
KUBOTA CORPORATION
㈱クボタ
|
109 |
60,000
|
119 | 60,000 | |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
|
79 |
NEW
New
21,466
|
— | ||
|
Resona Holdings, Inc.
㈱りそなホールディングス
|
70 |
-24.6%
↓
55,149
|
46 | 73,149 | |
|
Chugai Ro Co.,Ltd.
中外炉工業㈱
|
53 |
14,526
|
26 | 14,526 | M |
|
HOGY MEDICAL CO.,LTD.
㈱ホギメディカル
|
51 |
10,764
|
34 | 10,764 | |
|
IHI Corporation
㈱IHI
|
20 |
2,000
|
6 | 2,000 | |
|
Fenwal Controls of Japan, Ltd.
日本フェンオール㈱
|
17 |
10,000
|
14 | 10,000 | M |
|
YAMATO HOLDINGS CO.,LTD.
ヤマトホールディングス㈱
|
11 |
6,050
|
13 | 6,050 | |
|
CKD Corporation
CKD㈱
|
11 |
5,500
|
11 | 5,500 | |
|
NISSAN SHATAI CO.,LTD.
日産車体㈱
|
10 |
10,000
|
8 | 10,000 | |
|
NAKANISHI MFG.CO.,LTD.
㈱中西製作所
|
10 |
4,000
|
7 | 4,000 | |
|
TOBA,INC.
㈱鳥羽洋行
|
7 |
2,000
|
5 | 2,000 | M |
|
KIKUKAWA ENTERPRISE,INC.
キクカワエンタープライズ㈱
|
6 |
1,100
|
4 | 1,100 | |
|
HINO MORTORS,LTD.
日野自動車㈱
|
6 |
15,000
|
8 | 15,000 | |
|
NIPPON GEAR CO.,LTD.
日本ギア工業㈱
|
5 |
10,500
|
5 | 10,500 | M |
|
Sumitomo Bakelite Company Limited
住友ベークライト㈱
|
1 |
+100.0%
↑
400
|
1 | 200 | |
|
譌・譛ャ陬ス邏呎ェ蠑丈シ夂、セ
日本製紙㈱
|
— | — | |||
|
LINTEC Corporation
リンテック㈱
|
— | — | |||
|
TAIHEIYO CEMENT CORPORATION
太平洋セメント㈱
|
— | — | |||
|
HISAKA WORKS,LTD.
㈱日阪製作所
|
— |
−100%
Exit
—
|
276 | 310,000 | M |
|
Dai Nippon Printing Co.,Ltd.
大日本印刷㈱
|
— |
−100%
Exit
—
|
114 | 31,000 | |
|
Asahi Kasei Corporation
旭化成㈱
|
— |
−100%
Exit
—
|
110 | 118,889 | |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
62 | 13,733 | |
|
TERAOKA SEISAKUSHO CO.,LTD.
㈱寺岡製作所
|
— |
−100%
Exit
—
|
3 | 12,100 | |
| Portfolio total | 13,820 | 8,686 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding