8081
KANADEN CORPORATION
株式会社カナデン
Wholesale Trade
Kanaden Corporation operates as an electronics solutions company in Japan and internationally. It provides factory automation systems, including sequencers, inverters, AC servos, robots, and other control and drive systems; wireless sensors, total production control systems, and direct current power supplies; electrical discharge and laser processing machines; power semiconductors and network ICs and memory; connectors and connectors for wired LAN; and wireless modules and solutions. The company provides building facilities equipment, such as hands-free authentication devices, air conditioning management system central controllers, uninterrupted power supplies, elevators, escalators, and led lightings; air conditioner, air-cooling heat pump chiller, refrigeration and cooling system, and open showcase; and net zero energy building Solutions. In addition, it offers video solution systems, security systems, telecommunications equipment, electronic medical care systems, and LED display systems; electric products for rolling stock, substation equipment for receiving electric power, and telecommunication equipment, as well as train vision systems, air conditioning equipment, etc.; and road display panels, LED road lighting fixtures, in-vehicle video recording systems, emergency radio systems, etc., as well as quick charger for electric vehicles. The company was formerly known as Kanagawa Electric Co., Ltd. and changed its name to Kanaden Corporation in October 1990. Kanaden Corporation was founded in 1907 and is headquartered in Tokyo, Japan.
Price
¥2,651
Market Cap
¥59.1B
Ent. Value
—
Net Cash
est
—
Shares Out.
22.3M
P / E
15.7×
EV / EBIT
—
P / Book
1.23×
P / NCAV
1.91×
Div. Yield
2.64%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥125.7B | ¥116.3B | ¥106.4B | ¥100.8B |
| Cost of Sales | ¥107.7B | ¥99.0B | ¥90.2B | ¥86.2B |
| Gross Profit | ¥18.0B | ¥17.3B | ¥16.2B | ¥14.6B |
| SG&A | ¥13.5B | ¥12.8B | ¥12.3B | ¥11.8B |
| Operating Income | ¥4.5B | ¥4.5B | ¥4.0B | ¥2.8B |
| Non-Operating Income | ¥297M | ¥478M | ¥306M | ¥280M |
| Dividend Income | ¥84M | ¥65M | ¥80M | ¥71M |
| Interest Income | ¥85M | ¥62M | ¥22M | ¥13M |
| Non-Operating Expenses | ¥66M | ¥27M | ¥29M | ¥71M |
| Interest Expense | ¥16M | ¥13M | ¥11M | ¥12M |
| Ordinary Income | ¥4.7B | ¥5.0B | ¥4.2B | ¥3.1B |
| Pre-tax Income | ¥5.8B | ¥5.1B | ¥4.3B | ¥3.0B |
| Income Taxes | ¥1.9B | ¥1.6B | ¥1.4B | ¥1.1B |
| Current Tax | ¥1.4B | ¥1.6B | ¥1.6B | ¥1.1B |
| Deferred Tax | ¥532M | ¥-65M | ¥-139M | ¥-25M |
| Net Income (owners) | ¥3.9B | ¥3.5B | ¥2.9B | ¥1.9B |
| Minority Interest | ¥5M | — | — | — |
| Comprehensive Income | ¥3.1B | ¥4.7B | ¥3.2B | ¥2.1B |
| EBITDA | ¥5.2B | ¥4.9B | ¥4.4B | ¥3.3B |
| Goodwill Amort. (J-GAAP) | ¥167M | ¥41M | — | — |
| EPS | ¥169.31 | ¥148.21 | ¥110.67 | ¥71.80 |
| Shares Outstanding | 22.3M | 23.5M | 23.4M | 26.6M |
| Shares Issued (total) | 22.5M | 23.6M | 23.6M | 28.6M |
| Treasury Shares | 0.2M | 0.1M | 0.2M | 2.0M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥89.1B | ¥85.6B | ¥83.3B | ¥78.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥72.0B | ¥68.4B | ¥68.8B | ¥63.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥16.7B | ¥17.0B | ¥15.3B | ¥13.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥35.3B | ¥28.7B | ¥30.4B | ¥26.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥17.1B | ¥17.2B | ¥14.5B | ¥14.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥8.5B | ¥8.6B | ¥8.5B | ¥8.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥1.6B | ¥1.6B | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥3.2B | ¥3.1B | ¥1.3B | ¥772M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥4.4B | ¥4.8B | ¥3.9B | ¥4.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥171M | ¥244M | ¥536M | ¥390M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥41.1B | ¥37.4B | ¥38.9B | ¥33.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥40.4B | ¥36.7B | ¥37.8B | ¥31.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥28.0B | ¥24.5B | ¥27.4B | ¥22.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | — | ¥702M | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥630M | ¥810M | ¥1.1B | ¥558M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥657M | ¥705M | ¥1.1B | ¥1.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥277M | ¥318M | ¥859M | ¥869M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥75M | ¥38M | — | ¥0M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥48.0B | ¥48.2B | ¥44.4B | ¥45.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥5.6B | ¥5.6B | ¥5.6B | ¥5.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥5.4B | ¥5.4B | ¥5.3B | ¥5.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥34.7B | ¥33.7B | ¥31.3B | ¥34.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-312M | ¥-168M | ¥-193M | ¥-2.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥2.7B | ¥3.6B | ¥2.3B | ¥2.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥45.3B | ¥44.5B | ¥42.0B | ¥43.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥162M | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | — | ¥702M | — | — | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥16.7B | ¥16.3B | ¥15.3B | ¥13.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥30.9B | ¥31.0B | ¥29.9B | ¥30.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥1,388 | ¥1,322 | ¥1,276 | ¥1,153 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥2,033 | ¥1,896 | ¥1,794 | ¥1,633 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥5.1B | ¥3.8B | ¥-348M | ¥3.6B |
| Interest Paid | ¥-16M | ¥-13M | ¥-11M | ¥-12M |
| Interest Received | ¥169M | ¥128M | ¥102M | ¥84M |
| D&A | ¥504M | ¥328M | ¥402M | ¥490M |
| Goodwill Amort. | ¥167M | ¥41M | — | — |
| Investing CF | ¥-1.9B | ¥-731M | ¥102M | ¥-511M |
| CapEx | ¥340M | ¥81M | ¥66M | ¥64M |
| Purchase Investments | ¥-14M | ¥-19M | ¥-613M | ¥-10M |
| Proceeds from Invest. | ¥131M | ¥81M | ¥538M | ¥4M |
| Financing CF | ¥-4.0B | ¥-977M | ¥-4.4B | ¥-1.0B |
| Dividends Paid | ¥-1.4B | ¥-1.1B | ¥-717M | ¥-881M |
| Share Buybacks | ¥-1.7B | ¥0M | ¥-3.7B | ¥-156M |
| LT Debt Repaid | ¥-702M | ¥-69M | — | — |
| Free Cash Flow | ¥4.8B | ¥3.7B | ¥-414M | ¥3.5B |
| Net Change in Cash | ¥-524M | ¥2.3B | ¥-4.3B | ¥2.2B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 8.2% | 7.5% | 6.4% | 4.3% |
| ROA | 4.5% | 4.1% | 3.6% | 2.4% |
| EPS | ¥169.31 | ¥148.21 | ¥110.67 | ¥71.80 |
| DPS | ¥70.00 | ¥53.00 | ¥39.00 | ¥26.00 |
| BPS | ¥2,153.80 | ¥2,048.32 | ¥1,893.95 | ¥1,710.93 |
| FCF/Share | ¥214 | ¥159 | ¥-18 | ¥133 |
| NCAV/Share | ¥1,388 | ¥1,322 | ¥1,276 | ¥1,153 |
| Payout Ratio | 41.3% | 35.8% | 35.2% | 36.2% |
No filings or capital allocation signals recorded for this company.
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Mitsubishi Electric Corporation
三菱電機株式会社
|
47,200 | 21.18% |
| 2 |
Business Partner Stock Ownership Plan
カナデン取引先持株会
|
29,995 | 13.46% |
| 3 |
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)
|
19,774 | 8.87% |
| 4 |
Employee Stock Ownership Plan
カナデン従業員持株会
|
8,936 | 4.01% |
| 5 |
Mitsubishi Logistics Corporation
三菱倉庫株式会社
|
6,563 | 2.95% |
| 6 |
BBH BOSTON FOR NOMURA JAPAN SMALLER CAPITALIZATION FUND
BBH BOSTON FOR NOMURA JAPAN SMALLER CAPITALIZATION FUND 620065 (常任代理人 株式会社みずほ銀行)
|
4,700 | 2.11% |
| 7 |
DFA INTL SMALL CAP VALUE PORTFOLIO
DFA INTL SMALL CAP VALUE PORTFOLIO (常任代理人 シティバンク、エヌ・エイ)
|
3,243 | 1.46% |
| 8 |
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行)
|
1,990 | 0.89% |
| 9 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
1,702 | 0.76% |
| 10 | 日本航空電子工業株式会社 | 1,682 | 0.75% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
9.6%
+0.3% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.9%
+0.9% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
45.9%
-1.5% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 56.4% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Mitsubishi Electric Corporation 三菱電機 | 20.14% | 20.12% | 21.18% +1.06% | |
| Business Partner Stock Ownership Plan カナデン取引先持株会 | 12.43% | 12.43% | 13.46% +1.03% | |
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 7.11% | 7.35% | 8.87% +1.52% | |
| Employee Stock Ownership Plan カナデン従業員持株会 | 4.11% | 3.94% | 4.01% +0.07% | |
| Mitsubishi Logistics Corporation 三菱倉庫 | 2.80% | 2.80% | 2.95% +0.15% | |
| BBH BOSTON FOR NOMURA JAPAN SMALLER CAPITALIZATION FUND | 1.54% | 2.18% | 2.11% -0.07% | |
| DFA INTL SMALL CAP VALUE PORTFOLIO ↑ | 1.66% | 1.45% | 1.46% +0.01% | |
| JP Morgan NEW ENTRY | — | — | — | 0.89% NEW |
| Japan Custody Bank 日本カストディ銀行 | — | 2.00% | 0.76% -1.24% | |
| 日本航空電子工業 NEW ENTRY | — | — | — | 0.75% NEW |
| Meiji Yasuda Life Insurance 明治安田生命保険 last seen 2024 | Exited Top 10 | 2.56% | 2.56% | — |
| Tokio Marine & Nichido Fire Insurance Co., Ltd. 東京海上日動火災保険 last seen 2024 | Exited Top 10 | 1.94% | 1.94% | — |
| HSBC PRIVATE BANK(SUISSE)SA GENEVA-SEGREG HK IND1 CLT ASSET last seen 2023 | Exited Top 10 | 1.69% | — | — |
| Concentration (HHI) ⓘ | 654 | 658 | 742 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥3,299M
+7% since 2023
Holdings
37
+2 new
2 exited
Trend
14 building
vs 2023
| Held Company | FY2025 ¥3,299M total | FY2023 ¥3,086M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Mitsubishi Logistics Corporation
三菱倉庫㈱
|
691 |
+400.0%
↑
715,000
|
444 | 143,000 | M |
|
YASKAWA Electric Corporation
㈱安川電機
|
634 |
170,000
|
980 | 170,000 | |
|
YOKOGAWA ELECTRIC CORPORATION
横河電機㈱
|
359 |
+1.0%
↑
124,306
|
264 | 123,020 | M |
|
Central Japan Railway Company
東海旅客鉄道㈱
|
326 |
+400.0%
↑
114,500
|
362 | 22,900 | |
|
Kyushu Railway Company
九州旅客鉄道㈱
|
200 |
55,000
|
162 | 55,000 | |
|
East Japan Railway Company
東日本旅客鉄道㈱
|
199 |
+200.0%
↑
67,500
|
165 | 22,500 | |
|
West Japan Railway Company
西日本旅客鉄道㈱
|
116 |
+100.0%
↑
40,000
|
109 | 20,000 | |
|
AGC Inc.
AGC㈱
|
101 |
+9.6%
↑
22,327
|
100 | 20,363 | |
|
KITAZAWASANGYOco.,ltd.
北沢産業㈱
|
100 |
+4.1%
↑
287,286
|
92 | 276,092 | M |
|
Japan Aviation Electronics Industry, Limited
日本航空電子工業㈱
|
100 |
38,700
|
88 | 38,700 | M |
|
Isetan Mitsukoshi Holdings Ltd.
㈱三越伊勢丹ホールディングス
|
89 |
+4.3%
↑
41,760
|
59 | 40,038 | |
|
EBARA CORPORATION
㈱荏原製作所
|
74 |
NEW
New
33,000
|
— | ||
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
67 |
12,000
|
35 | 12,000 | |
|
Takasago Thermal Engineering Co., Ltd.
高砂熱学工業㈱
|
36 |
6,600
|
13 | 6,600 | |
|
RICOH COMPANY,LTD.
㈱リコー
|
34 |
22,000
|
21 | 22,000 | |
|
Keikyu Corporation
京浜急行電鉄㈱
|
27 |
+13.7%
↑
18,214
|
20 | 16,017 | |
|
ASAHI KOGYOSHA CO.,LTD.
㈱朝日工業社
|
26 |
+100.0%
↑
13,600
|
14 | 6,800 | M |
|
Kintetsu Group Holdings Co.
近鉄グループホールディングス㈱
|
23 |
7,400
|
31 | 7,400 | |
|
KANEKA CORPORATION
㈱カネカ
|
20 |
+1.5%
↑
5,489
|
18 | 5,406 | |
|
SUBARU CORPORATION
㈱SUBARU
|
15 |
6,000
|
12 | 6,000 | |
|
NEW COSMOS ELECTRIC CO., LTD
新コスモス電機㈱
|
15 |
6,000
|
12 | 6,000 | M |
|
nakano refrigerators co.,ltd.
中野冷機㈱
|
12 |
2,400
|
13 | 2,400 | M |
|
RIX CORPORATION
リックス㈱
|
10 |
3,600
|
9 | 3,600 | M |
|
Morio Electric Co.
森尾電機㈱
|
7 |
+12.0%
↑
4,383
|
6 | 3,912 | M |
|
SUMITOMO HEAVY INDUSTRIES,LTD.
住友重機械工業㈱
|
6 |
2,200
|
7 | 2,200 | |
|
Sanoyas Holdings Corporation
サノヤスホールディングス㈱
|
5 |
+103.6%
↑
31,495
|
2 | 15,466 | |
|
Keisei Electric Railway Co.
京成電鉄㈱
|
4 |
+200.0%
↑
3,444
|
4 | 1,148 | |
|
TOYOBO CO.,LTD.
東洋紡㈱
|
1 |
2,000
|
2 | 2,000 | |
|
MITSUBISHI MATERIALS CORPORATION
三菱マテリアル㈱
|
1 |
700
|
1 | 700 | |
|
TSUKISHIMA HOLDINGS CO., LTD.
月島ホールディングス㈱
|
1 |
NEW
New
1,000
|
— | ||
| DAIKO XTECH㈱ | — | — | |||
| 大興電子通信㈱ | — | — | |||
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
— | — | |||
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
— | — | |||
|
DAI-DAN CO.,LTD.
ダイダン㈱
|
— | — | |||
| ユニデンホールディングス㈱ | — | — | |||
| 新京成電鉄㈱ | — | — | |||
|
EBARA CORPORATION
荏原製作所㈱
|
— |
−100%
Exit
—
|
40 | 6,600 | |
| 月島機械㈱ | — |
−100%
Exit
—
|
1 | 1,000 | |
| Portfolio total | 3,299 | 3,086 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding