9036
Tobu Network Co., Ltd.
東部ネットワーク株式会社
Land Transportation
Tohbu Network Co., Ltd. provides truck transportation and logistics services. The company engages in the industrial waste truck transportation, freight forwarding, passenger automobile transportation, real estate leasing, warehousing, worker dispatch, automobile maintenance, and industrial waste collection businesses. It also sells cement and various building materials, automobile tires and parts, and oil and high-pressure gas; sells and leases automobiles and computers; and develops and sells software. In addition, the company engages in the insurance agency business, including life and non-life insurance; and generation, management, operation, and sale of electricity. The company was incorporated in 1943 and is headquartered in Yokohama, Japan.
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⚠ TSE Capital Mandate
P / Book
0.38×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
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
¥11.2B
¥10.4B
¥10.3B
¥9.9B
¥8.8B
Cost of Sales
—
¥9.3B
¥9.3B
¥8.9B
¥8.0B
Gross Profit
—
¥1.0B
¥1.0B
¥1.0B
¥842M
SG&A
—
¥860M
¥714M
¥591M
¥437M
Operating Income
¥11.5B
¥187M
¥315M
¥431M
¥404M
Non-Operating Income
—
¥84M
¥110M
¥63M
¥64M
Dividend Income
—
¥69M
¥57M
¥49M
¥45M
Interest Income
—
¥2M
¥0M
¥0M
¥0M
Non-Operating Expenses
—
¥21M
¥23M
¥15M
¥14M
Interest Expense
—
¥14M
¥16M
¥15M
¥13M
Ordinary Income
¥11.2B
¥250M
¥402M
¥479M
¥455M
Pre-tax Income
—
¥311M
¥283M
¥565M
¥401M
Income Taxes
—
¥191M
¥200M
¥148M
¥127M
Current Tax
—
¥198M
¥207M
¥161M
¥130M
Deferred Tax
—
¥-7M
¥-7M
¥-12M
¥-3M
Net Income (owners)
¥1M
¥106M
¥79M
¥414M
¥273M
Minority Interest
—
¥14M
¥4M
¥3M
—
Comprehensive Income
—
¥222M
¥566M
¥502M
—
EBITDA
—
¥925M
¥1.0B
¥1.0B
¥960M
Goodwill Amort. (J-GAAP)
—
¥108M
¥44M
¥9M
—
EPS
—
¥18.67
¥14.56
¥77.65
¥50.53
Shares Outstanding
—
5.7M
5.7M
5.3M
5.7M
Shares Issued (total)
—
5.7M
5.7M
5.7M
5.7M
Treasury Shares
—
0.0M
0.0M
0.4M
—
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
—
¥24.7B
¥24.5B
¥23.5B
¥22.3B
Current Assets
—
¥6.0B
¥6.1B
¥5.4B
¥5.1B
Cash & Deposits
—
¥4.5B
¥4.6B
¥3.8B
¥3.9B
Non-Current Assets
—
¥18.7B
¥18.4B
¥18.0B
¥17.2B
PP&E
—
¥14.0B
¥14.3B
¥14.7B
¥14.4B
Goodwill
—
¥560M
¥282M
¥235M
—
Intangible Assets
—
¥614M
¥325M
¥277M
¥41M
Investment Securities
—
¥2.2B
¥2.1B
¥1.5B
¥1.3B
Deferred Tax Assets
—
¥120M
—
—
—
Total Liabilities
—
¥4.4B
¥4.2B
¥4.1B
¥3.5B
Current Liabilities
—
¥1.6B
¥1.7B
¥1.8B
¥1.4B
ST Debt
—
¥29M
¥45M
¥28M
—
Taxes Payable
—
¥103M
¥132M
¥104M
—
Non-Current Liabilities
—
¥2.8B
¥2.6B
¥2.3B
¥2.2B
Total LT Borrowings
—
¥273M
¥268M
¥152M
—
Pension Obligations
—
¥241M
¥29M
¥35M
—
Deferred Tax Liab.
—
¥1.3B
¥1.2B
¥1.1B
¥1.0B
Total Equity
—
¥20.3B
¥20.3B
¥19.4B
¥18.8B
Capital Stock
—
¥553M
¥553M
¥553M
¥553M
Capital Surplus
—
¥609M
¥609M
¥537M
¥537M
Retained Earnings
—
¥18.4B
¥18.4B
¥18.4B
¥18.0B
Treasury Stock
—
¥-106M
¥-36M
¥-377M
¥-300M
AOCI
—
¥799M
¥696M
¥129M
¥44M
Equity (owners)
—
¥19.4B
¥19.5B
¥19.2B
¥18.8B
Minority Interests
—
¥97M
¥83M
¥79M
—
Total Interest-Bearing Debt ⓘ
—
¥302M
¥313M
¥180M
—
Net Cash ⓘ
—
¥4.2B
¥4.3B
¥3.6B
¥3.9B
NCAV ⓘ
—
¥1.6B
¥1.9B
¥1.3B
¥1.6B
NCAV/Share
—
¥276
¥333
¥251
¥273
BV/Share
—
¥3,381
¥3,394
¥3,614
¥3,264
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
—
¥738M
¥957M
¥741M
¥1.1B
Taxes Paid
—
¥-231M
¥-180M
¥-56M
—
Interest Paid
—
¥-14M
¥-16M
¥-15M
¥-13M
Interest Received
—
¥72M
¥57M
¥49M
¥45M
D&A
—
¥630M
¥672M
¥581M
¥556M
Goodwill Amort.
—
¥108M
¥44M
¥9M
—
Investing CF
—
¥-589M
¥-477M
¥-741M
¥-401M
CapEx
—
¥250M
¥565M
¥353M
¥494M
Purchase Investments
—
¥-2M
¥-6M
¥-1M
¥-1M
Proceeds from Invest.
—
¥234M
—
—
¥40M
Financing CF
—
¥-268M
¥314M
¥-225M
¥-159M
Dividends Paid
—
¥-115M
¥-80M
¥-81M
¥-82M
Share Buybacks
—
¥-69M
—
¥-80M
¥-44M
LT Debt Repaid
—
¥-38M
¥-187M
¥-11M
—
Free Cash Flow
—
¥488M
¥392M
¥388M
¥577M
Net Change in Cash
—
¥-119M
¥794M
¥-225M
¥511M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
—
0.5%
0.4%
2.1%
1.5%
ROA
—
0.4%
0.3%
1.8%
1.2%
EPS
—
¥18.67
¥14.56
¥77.65
¥50.53
DPS
—
¥15.00
¥20.00
¥15.00
¥15.00
BPS
—
¥3,586.50
¥3,534.27
¥3,659.39
¥3,503.49
FCF/Share
—
¥85
¥68
¥73
¥100
NCAV/Share
—
¥276
¥333
¥251
¥273
Payout Ratio
—
80.3%
137.4%
19.3%
29.7%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 3
Date Activist Stake Event Flag Demands Source
2025-06-04
Nakamura Nobuhiro
24.61%
correction
Passive
—
2025-05-27
Nakamura Nobuhiro
24.61%
change
Passive
—
2023-12-04
Maruzen Showa Unyu Co.,Ltd.
7.65%
initial_5pct
Passive
—
Capital Allocation Signals 2
Date
Type
Amount
Summary
2026-05-13
15:00
Buyback
¥100M 1.8%
Board resolved to repurchase up to 100,000 shares, ¥100M, 1.8% of outstanding.
Summary
Board resolved to repurchase up to 100,000 shares, ¥100M, 1.8% of outstanding.
% of Shares: 1.8%
Shares: 100,000
Source (JP)
る割合 1.77%)
(3) 株式の取得価額の総額 100,000,000 円 (上限)
(4) 自己株式取得の日程 2026 年 5 月 14 日~2026 年 12 月 30 日
(5) 取得方法 東京証券取引所における市場買付け
(ご参考
2026-05-12
15:30
Div Increase
¥32.5/sh
+117%
Tobu Network revised FY2026 earnings guidance downward, with consolidated sales declining 10.4% to ¥10,077M and operatin…
Summary
Tobu Network revised FY2026 earnings guidance downward, with consolidated sales declining 10.4% to ¥10,077M and operating profit falling 29.6% to ¥270M, driven by reduced freight orders and tenant contract terminations. Despite operational headwinds, the company increased full-year dividend forecast by 116.7% from ¥15.00 to ¥32.50 per share (¥12.50 interim + ¥20.00 final), reinforcing commitment to stable shareholder returns and gradual improvement in total payout ratio.
YoY: +117%
Source (JP)
株主還元の充実を図るために、連結総還元性向を段階的に引き上げることを目標とし、期末配当予想を1株あたり12円50銭に修正いたします。
連結業績予想の修正および中期経営計画の最終年度目標の修正並びに期末配当予想の修正(増配)に関するお知らせ
TDnet PDF
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 8
#
Shareholder
Shares (thou.)
% of Total
1
中村 亘宏
1,415
24.64%
2
Maruzen Showa Unyu Co,.Ltd.
丸全昭和運輸株式会社
440
7.66%
3
ASAGAMI COPORATION
アサガミ株式会社
321
5.59%
4
小林 茂
172
3.00%
5
株式会社みずほ銀行(常任代理人 株式会社日本カストディ銀行)
131
2.28%
6
中村 千鶴子
120
2.09%
7
三井住友信託銀行株式会社 (常任代理人 株式会社日本カストディ銀行)
110
1.91%
8
中村 匡宏
101
1.76%
9
北陸コカ・コーラボトリング株式会社
100
1.74%
10
山本 穰
88
1.53%
Domestic Nominees
1.9%
+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
50.3%
+1.1% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
中村 亘宏
26.69%
24.64%
24.64%
Maruzen Showa Unyu Co,.Ltd.
丸全昭和運輸
1.88%
7.66%
7.66%
ASAGAMI COPORATION
アサガミ
6.05%
5.59%
5.59%
小林 茂
NEW ENTRY
3.25%
—
3.00%
NEW
Mizuho Bank
みずほ銀行
2.47%
2.28%
2.28%
中村 千鶴子
2.26%
2.09%
2.09%
Sumitomo Mitsui Trust Bank
三井住友信託銀行
2.07%
1.91%
1.91%
中村 匡宏
1.91%
1.76%
1.76%
北陸コカ・コーラボトリング
—
1.74%
1.74%
山本 穰
—
1.53%
1.53%
SBI SECURITIES Co., Ltd.
式会社SBI証券
last seen 2024
Exited Top 10
2.33%
1.91%
—
芦原 一義
last seen 2023
Exited Top 10
1.85%
—
—
Concentration (HHI)
ⓘ
791
722
728
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥1,239M
+72% since 2023
Holdings
8
+1 new
1 exited
Trend
2 building
vs 2023
Held Company
FY2025
¥1,239M total
FY2023
¥722M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
367
90,606
170
90,606
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
361
NEW
New
97,148
—
Kanda Holdings Co.,Ltd
カンダホールディングス㈱
190
+100.0%
↑
240,000
141
120,000
M
Matsui Construction Co., Ltd.
松井建設㈱
134
150,000
101
150,000
M
Nihon Yamamura Glass Co., Ltd.
日本山村硝子㈱
61
+9.1%
↑
28,462
18
26,095
ENEOS Holdings,Inc.
ENEOSホールディングス㈱
59
75,000
35
75,000
Maru Un Co., Ltd.
㈱丸運
44
100,000
23
100,000
Coca-Cola Bottlers Japan Holdings Inc.
コカ・コーラボトラーズジャパンホールディングス㈱
24
9,750
14
9,750
三井住友トラスト・ホールディングス㈱
—
−100%
Exit
—
221
48,574
Portfolio total
1,239
722
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding