9029
HIGASHI HOLDINGS CO.,LTD.
株式会社ヒガシホールディングス
Land Transportation
Higashi Holdings Co., Ltd. provides transportation and logistics services in Japan. It operates through Shipping, Warehouse, Product sales, and Welfare segments. The company provides transportation and delivery, distribution center/warehouse storage, logistics processing, and industrial waste management activities; provision of BPO solution, such as in-house document logistics management/mail room management, sorting/shipping of forms with personal information, confidential document storage and recycling under security management, etc.; and office relocation activities. It also offers logistics services in the building; operates shops in the building under the Hills 21 name; PC kitting/IT related services; rents and sells welfare equipment comprising beds and wheelchairs; and sells hygiene products consisting of adult disposable diapers. In addition, it is involved in the temporary staffing and parking lot management activities. The company was formerly known as Higashi Twenty One Co., Ltd. and changed its name to Higashi Holdings Co., Ltd. in April 2025. Higashi Holdings Co., Ltd. was incorporated in 1944 and is headquartered in Osaka, 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
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥58.0B
¥48.1B
¥40.6B
¥34.8B
¥28.0B
Cost of Sales
¥46.9B
¥39.1B
¥32.9B
¥27.8B
¥22.1B
Gross Profit
¥11.1B
¥9.0B
¥7.8B
¥7.0B
¥5.8B
SG&A
¥7.1B
¥6.3B
¥5.6B
¥5.1B
¥4.3B
Operating Income
¥4.0B
¥2.7B
¥2.2B
¥1.9B
¥1.5B
Non-Operating Income
¥200M
¥252M
¥151M
¥151M
¥224M
Dividend Income
—
¥27M
¥25M
¥16M
¥8M
Interest Income
—
¥0M
¥0M
¥0M
¥0M
Non-Operating Expenses
—
¥56M
¥32M
¥32M
¥28M
Interest Expense
—
¥33M
¥13M
¥11M
¥9M
Ordinary Income
¥4.2B
¥2.9B
¥2.3B
¥2.0B
¥1.7B
Pre-tax Income
¥4.1B
¥2.8B
¥2.3B
¥2.0B
¥1.7B
Income Taxes
¥1.5B
¥1.0B
¥803M
¥744M
¥599M
Current Tax
—
¥1.2B
¥927M
¥781M
¥585M
Deferred Tax
—
¥-146M
¥-124M
¥-37M
¥14M
Net Income (owners)
¥2.6B
¥1.8B
¥1.5B
¥1.3B
¥1.1B
Comprehensive Income
—
¥1.9B
¥1.8B
¥1.3B
¥1.2B
EBITDA
¥5.2B
¥3.9B
¥3.1B
¥2.6B
¥2.0B
Goodwill Amort. (J-GAAP)
—
¥156M
¥120M
¥77M
¥34M
EPS
¥199.25
¥136.77
¥114.49
¥96.82
¥85.92
Shares Outstanding
—
13.0M
13.2M
13.1M
13.1M
Shares Issued (total)
—
13.3M
13.3M
13.3M
13.3M
Treasury Shares
—
0.2M
0.1M
0.1M
0.2M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥36.6B
¥31.6B
¥25.5B
¥21.2B
¥18.1B
Current Assets
¥18.9B
¥14.0B
¥11.7B
¥10.9B
¥9.1B
Cash & Deposits
¥9.1B
¥4.7B
¥4.1B
¥3.5B
¥3.5B
Inventories
—
¥357M
¥388M
¥434M
¥232M
Non-Current Assets
¥17.7B
¥17.6B
¥13.8B
¥10.3B
¥9.0B
PP&E
¥11.1B
¥11.6B
¥9.1B
¥6.1B
¥6.2B
Goodwill
—
¥991M
¥421M
¥541M
¥191M
Intangible Assets
—
¥1.1B
¥603M
¥764M
¥440M
Investment Securities
¥1.9B
¥1.3B
¥1.2B
¥714M
¥553M
Deferred Tax Assets
—
¥645M
¥361M
¥330M
¥234M
Total Liabilities
¥20.5B
¥18.1B
¥13.2B
¥10.4B
¥8.3B
Current Liabilities
¥15.6B
¥12.3B
¥8.5B
¥7.5B
¥6.0B
ST Debt
¥7.1B
¥5.2B
¥2.5B
¥2.0B
¥1.5B
Taxes Payable
—
¥760M
¥533M
¥512M
¥406M
Non-Current Liabilities
¥4.9B
¥5.8B
¥4.7B
¥2.9B
¥2.3B
Total LT Borrowings
¥2.7B
¥3.7B
¥2.7B
¥1.7B
¥1.1B
Pension Obligations
—
¥146M
¥153M
¥145M
¥138M
Deferred Tax Liab.
—
¥148M
¥73M
¥41M
¥25M
Total Equity
¥16.1B
¥13.5B
¥12.3B
¥10.9B
¥9.9B
Capital Stock
—
¥1.0B
¥1.0B
¥1.0B
¥1.0B
Capital Surplus
—
¥177M
¥140M
¥116M
¥107M
Retained Earnings
¥14.2B
¥12.2B
¥10.9B
¥9.7B
¥8.8B
Treasury Stock
—
¥-265M
¥-44M
¥-70M
¥-102M
AOCI
—
¥413M
¥362M
¥85M
¥47M
Equity (owners)
¥15.2B
¥13.1B
¥11.9B
¥10.8B
¥9.8B
Total Interest-Bearing Debt ⓘ
¥9.8B
¥8.9B
¥5.2B
¥3.7B
¥2.6B
Net Cash ⓘ
¥-631M
¥-4.2B
¥-1.1B
¥-258M
¥897M
NCAV ⓘ
¥-1.6B
¥-4.1B
¥-1.5B
¥572M
¥870M
NCAV/Share
—
¥-312
¥-113
¥44
¥67
BV/Share
—
¥1,005
¥907
¥822
¥752
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥5.0B
¥2.4B
¥3.0B
¥665M
¥1.5B
Interest Paid
—
¥-36M
¥-14M
¥-11M
¥-9M
Interest Received
—
¥28M
¥25M
¥16M
¥8M
D&A
¥1.2B
¥1.0B
¥765M
¥583M
¥515M
Goodwill Amort.
—
¥156M
¥120M
¥77M
¥34M
Investing CF
¥-669M
¥-4.5B
¥-3.3B
¥-1.3B
¥-1.0B
CapEx
¥608M
¥3.6B
¥2.9B
¥337M
¥609M
Purchase Investments
—
¥-11M
¥-100M
¥-112M
¥-2M
Proceeds from Invest.
—
—
¥5M
—
¥5M
Financing CF
¥172M
¥2.8B
¥819M
¥715M
¥-108M
Dividends Paid
—
¥-474M
¥-393M
¥-339M
¥-233M
Share Buybacks
—
¥-246M
—
—
—
LT Debt Repaid
—
¥-773M
¥-553M
¥-464M
¥-604M
Free Cash Flow
¥4.4B
¥-1.2B
¥163M
¥328M
¥875M
Net Change in Cash
—
¥585M
¥575M
¥45M
¥375M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
17.6%
14.0%
13.0%
12.2%
11.9%
ROA
7.6%
6.3%
6.4%
6.4%
6.2%
EPS
¥199.25
¥136.77
¥114.49
¥96.82
¥85.92
DPS
¥0.00
¥42.00
¥36.00
¥30.00
¥26.00
BPS
¥1,232.42
¥1,037.15
¥934.53
¥828.51
¥755.44
FCF/Share
—
¥-92
¥12
¥25
¥67
NCAV/Share
—
¥-312
¥-113
¥44
¥67
Payout Ratio
0.0%
30.7%
31.4%
31.0%
30.3%
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-08
15:30
Div Increase
¥784M ¥60.0/sh
+43%
Higashi Holdings announced a dividend increase from the previously forecast 50 yen per share to 60 yen per share (10 yen…
Summary
Higashi Holdings announced a dividend increase from the previously forecast 50 yen per share to 60 yen per share (10 yen increase, +20% vs. forecast; +42.9% vs. prior year's 42 yen). Total dividend payout of 784 million yen will be paid with an effective date of June 15, 2026, subject to shareholder approval at the June 12, 2026 AGM. The increase reflects strong FY2026 results and the company's commitment to a minimum 30% consolidated payout ratio policy.
Deadline: 2026-06-15
YoY: +43%
Source (JP)
直近の配当予想の1株当たり50円の配当から10円増配して60円とさせていただきます。
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
The Kansai Electric Power Company, Incorporated
関西電力株式会社
1,800
13.81%
2
Nippon Life Insurance
日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社)
1,040
7.98%
3
星光ビル管理株式会社
938
7.20%
4
株式会社毎日新聞社
700
5.37%
5
Employee Stock Ownership Plan
ヒガシトゥエンティワン従業員持株会
599
4.60%
6
Tokyo Century Corporation
東京センチュリー株式会社
540
4.14%
7
株式会社星和ビジネスリンク
382
2.93%
8
MUFG Bank
株式会社三菱UFJ銀行
364
2.79%
9
金森 滋美
201
1.54%
10
株式会社西日本シティ銀行
200
1.54%
Domestic Nominees
0.0%
+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
51.9%
-1.7% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
The Kansai Electric Power Company, Incorporated
関西電力
13.71%
13.66%
13.81%
+0.15%
Nippon Life Insurance
日本生命保険
7.92%
7.89%
7.98%
+0.09%
星光ビル管理
7.15%
7.12%
7.20%
+0.08%
式会社毎日新聞社
5.33%
5.31%
5.37%
+0.06%
Employee Stock Ownership Plan
ヒガシトゥエンティワン従業員持株会
4.73%
4.57%
4.60%
+0.03%
Tokyo Century Corporation
東京センチュリー
4.11%
4.09%
4.14%
+0.05%
式会社星和ビジネスリンク
—
2.72%
2.93%
+0.21%
MUFG Bank
式会社三菱UFJ銀行
2.77%
2.76%
2.79%
+0.03%
式会社西日本シティ銀行
3.96%
3.94%
1.54%
-2.40%
金森 滋美
1.53%
1.52%
1.54%
+0.02%
みずほ銀行
last seen 2023
Exited Top 10
1.96%
—
—
Concentration (HHI)
ⓘ
399
398
394
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved