SENSHU ELECTRIC CO.,LTD.

泉州電業株式会社

Wholesale Trade

Senshu Electric Co.,Ltd. trades in various electric wires, cables, and materials related to electrical construction work in Japan. The company also engages in the development, trading, and consulting of data processing and communication systems; manufactures and sells electronic controlled appliances and equipment; and installs and sells air conditioning appliances, home electrical appliances, and office equipment. In addition, it is involved in the power generation business; buying and selling of electric power; and lease of real estate. Senshu Electric Co.,Ltd. was founded in 1947 and is headquartered in Suita, Japan.

← Companies

Price

¥6,400

Market Cap

¥109.8B

Ent. Value

¥77.3B

Net Cash

¥32.5B

Shares Out.

17.2M

P / E

16.5×

EV / EBIT

8.6×

P / Book

1.88×

P / NCAV

4.53×

Div. Yield

2.34%

Financials

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Net Sales	¥135.6B	¥136.2B	¥125.0B	¥113.6B	¥92.5B
Cost of Sales	¥115.1B	¥115.0B	¥106.3B	¥96.5B	¥78.5B
Gross Profit	¥20.5B	¥21.1B	¥18.7B	¥17.1B	¥13.9B
SG&A	¥11.5B	¥10.8B	¥10.3B	¥9.6B	¥9.2B
Operating Income	¥9.0B	¥10.3B	¥8.4B	¥7.5B	¥4.7B
Non-Operating Income	¥616M	¥525M	¥517M	¥533M	¥353M
Dividend Income	¥102M	¥100M	¥70M	¥53M	¥48M
Interest Income	¥62M	¥27M	¥18M	¥18M	¥6M
Non-Operating Expenses	¥296M	¥114M	¥113M	¥103M	¥92M
Interest Expense	¥5M	¥4M	¥3M	¥2M	¥1M
Ordinary Income	¥9.3B	¥10.8B	¥8.8B	¥7.9B	¥5.0B
Pre-tax Income	¥9.8B	¥11.1B	¥8.8B	¥7.9B	¥5.1B
Income Taxes	¥3.1B	¥3.5B	¥2.8B	¥2.5B	¥1.5B
Current Tax	¥3.1B	¥3.5B	¥2.8B	¥2.6B	¥1.5B
Deferred Tax	¥4M	¥-40M	¥0M	¥-63M	¥-26M
Net Income (owners)	¥6.7B	¥7.6B	¥5.9B	¥5.3B	¥3.6B
Minority Interest	¥31M	¥31M	¥57M	¥55M	¥24M
Comprehensive Income	¥7.0B	¥8.2B	¥6.5B	¥5.5B	¥4.1B
EBITDA	¥9.7B	¥11.0B	¥9.0B	¥8.0B	¥5.3B
Goodwill Amort. (J-GAAP)	¥87M	¥34M	¥34M	¥17M	—
EPS	¥387.63	¥432.12	¥333.10	¥294.03	¥387.50
Shares Outstanding	17.2M	17.4M	17.7M	8.9M	9.1M
Shares Issued (total)	18.0M	19.5M	21.0M	10.5M	10.8M
Treasury Shares	0.8M	2.1M	3.3M	1.6M	1.7M

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Total Assets	¥111.0B	¥112.5B	¥101.4B	¥95.4B	¥84.0B
Current Assets	¥76.3B	¥79.4B	¥70.8B	¥67.9B	¥60.3B
Cash & Deposits	¥33.0B	¥30.5B	¥28.5B	¥27.2B	¥26.3B
Trade Receivables	¥20.9B	¥24.0B	¥20.2B	¥18.8B	—
Inventories	¥7.8B	¥8.0B	¥6.9B	¥6.6B	¥4.9B
Non-Current Assets	¥34.7B	¥33.0B	¥30.5B	¥27.5B	¥23.7B
PP&E	¥22.2B	¥21.9B	¥20.4B	¥17.8B	¥17.3B
Goodwill	—	¥87M	¥122M	¥156M	—
Intangible Assets	¥130M	¥245M	¥303M	¥339M	¥110M
Investment Securities	¥3.5B	¥3.1B	¥2.3B	¥1.7B	¥1.8B
Deferred Tax Assets	¥355M	¥518M	¥715M	¥896M	¥713M
Total Liabilities	¥52.1B	¥56.9B	¥50.7B	¥49.0B	¥41.1B
Current Liabilities	¥49.3B	¥53.9B	¥47.7B	¥45.9B	¥38.4B
Accounts Payable	¥45.3B	¥48.7B	¥43.0B	¥41.2B	¥35.6B
ST Debt	¥461M	¥381M	¥696M	¥651M	¥105M
Taxes Payable	¥1.3B	¥2.3B	¥1.6B	¥1.8B	¥1.0B
Non-Current Liabilities	¥2.8B	¥2.9B	¥2.9B	¥3.1B	¥2.7B
Total LT Borrowings	¥14M	¥28M	¥96M	¥167M	—
Pension Obligations	¥2.1B	¥2.2B	¥2.1B	¥2.2B	¥2.2B
Deferred Tax Liab.	¥1M	¥1M	¥8M	¥1M	¥2M
Total Equity	¥58.9B	¥55.6B	¥50.7B	¥46.4B	¥42.9B
Capital Stock	¥2.6B	¥2.6B	¥2.6B	¥2.6B	¥2.6B
Capital Surplus	¥700M	¥700M	¥2.8B	¥2.7B	¥3.4B
Retained Earnings	¥55.0B	¥53.8B	¥48.6B	¥44.3B	¥40.0B
Treasury Stock	¥-2.3B	¥-4.0B	¥-5.1B	¥-4.5B	¥-4.2B
AOCI	¥2.4B	¥2.2B	¥1.6B	¥1.1B	¥906M
Equity (owners)	¥56.1B	¥53.0B	¥48.8B	¥45.1B	¥41.8B
Minority Interests	¥427M	¥368M	¥326M	¥237M	¥160M

Total Interest-Bearing Debt ⓘ	¥475M	¥409M	¥792M	¥818M	¥105M
Net Cash ⓘ	¥32.5B	¥30.1B	¥27.7B	¥26.3B	¥26.2B
NCAV ⓘ	¥24.2B	¥22.6B	¥20.2B	¥18.9B	¥19.2B
NCAV/Share	¥1,411	¥1,295	¥1,140	¥2,116	¥2,109
BV/Share	¥3,267	¥3,041	¥2,755	¥5,038	¥4,586

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
Operating CF	¥9.4B	¥8.2B	¥6.9B	¥6.3B	¥9.4B
Interest Paid	¥-5M	¥-4M	¥-3M	¥-2M	¥-1M
Interest Received	¥163M	¥128M	¥89M	¥72M	¥54M
D&A	¥708M	¥626M	¥598M	¥547M	¥572M
Goodwill Amort.	¥87M	¥34M	¥34M	¥17M	—
Investing CF	¥-3.9B	¥-2.5B	¥-3.1B	¥-3.7B	¥63M
CapEx	¥1.2B	¥1.9B	¥3.1B	¥413M	¥363M
Proceeds from Invest.	¥868M	¥130M	¥80M	¥70M	¥62M
Financing CF	¥-3.8B	¥-3.9B	¥-2.4B	¥-2.1B	¥-1.7B
Dividends Paid	¥-2.4B	¥-2.2B	¥-1.6B	¥-988M	¥-697M
Share Buybacks	¥-1.3B	¥-1.4B	¥-736M	¥-1.0B	¥-1.0B
Free Cash Flow	¥8.2B	¥6.4B	¥3.9B	¥5.9B	¥9.0B
Net Change in Cash	¥1.9B	¥1.9B	¥1.5B	¥685M	¥7.8B

Metric	FY 2025 EDINET ↗	FY 2024 EDINET ↗	FY 2023 EDINET ↗	FY 2022 EDINET ↗	FY 2021 EDINET ↗
ROE	11.8%	14.4%	12.3%	12.0%	8.6%
ROA	6.0%	7.1%	6.0%	5.9%	4.3%
EPS	¥387.63	¥432.12	¥333.10	¥294.03	¥387.50
DPS	¥150.00	¥130.00	¥110.00	¥140.00	¥90.00
BPS	¥3,407.21	¥3,165.42	¥2,843.95	¥2,578.24	¥4,685.18
FCF/Share	¥479	¥364	¥219	¥662	¥991
NCAV/Share	¥1,411	¥1,295	¥1,140	¥2,116	¥2,109
Payout Ratio	38.7%	30.1%	33.0%	47.6%	23.2%

Event Timeline

S Shareholder A Capital Signal

Large Shareholder Reports 19

Date	Activist	Stake	Event	Flag	Demands
2026-05-22	FMR LLC	10.0%	change	Passive	—
2026-05-12	FMR LLC	10.0%	change	Passive	—
2025-11-21	FMR LLC	10.0%	change	Passive	—
2025-11-10	FMR LLC	10.0%	change	Passive	—
2025-10-30	FMR LLC	10.0% -0.28%	change	Passive	—
2025-05-21	FMR LLC	10.28% +0.28%	change	Passive	—
2025-05-09	FMR LLC	10.0% +0.19%	change	Passive	—
2025-03-24	FMR LLC	9.81% +1.02%	change	Passive	—
2024-11-22	FMR LLC	8.79% -0.08%	change	Passive	—
2024-11-08	FMR LLC	8.87% +0.05%	change	Passive	—
2024-05-09	FMR LLC	8.82% -1.18%	change	Passive	—
2024-03-26	NISHIMURA MOTOHIDE	9.33%	correction	Passive	—
2024-03-22	NISHIMURA MOTOHIDE	9.33%	change	Passive	—
2023-11-22	FMR LLC	10.0%	change	Passive	—
2023-11-08	FMR LLC	10.0% +0.16%	change	Passive	—
2023-09-26	SWCC Corporation	4.76%	change	Passive	—
2023-09-25	FMR LLC	9.84%	change	Passive	—
2023-08-28	Nishimura Yoko	6.49%	change	Passive	—
2023-08-28	Nishimura Yoko	4.56% -1.93%	change	Passive	—

#	Shareholder	Shares (thou.)	% of Total
1	西村元秀	1,596	9.30%
2	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）	1,248	7.27%
3	西村陽子	938	5.47%
4	高橋京子	451	2.63%
5	Employee Stock Ownership Plan 泉州電業従業員持株会	422	2.46%
6	泉州産業株式会社	414	2.41%
7	ビービーエイチフォーフィデリティーロープライスストックファンド (常任代理人株式会社三菱UFJ銀行決済事業部)	411	2.40%
8	THE NOMURA TRUST AND BANKING CO., LTD. AS THE TRUSTEE OF REPURCHASE AGREEMENT MOTHER FUND THE NOMURA TRUST AND BANKING CO., LTD. AS THE TRUSTEE OF REPURCHASE AGREEMENT MOTHER FUND (常任代理人シティバンク、エヌ・エイ東京支店)	346	2.02%
9	上嶋明子	315	1.83%
10	熊代佳子	313	1.82%

as of 2025-10-31 Source: EDINET ↗

Ownership by year — hover bars for detail

Domestic Nominees

7.3%

-4.0% 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

30.3%

-1.9% vs 2024

Named entities with disclosed investment intent

Shareholder	Trend	2023	2024	2025
西村元秀		8.98%	9.13%	9.30% +0.17%
Japan Master Trust Bank 日本マスタートラスト信託銀行		5.21%	7.34%	7.27% -0.07%
西村陽子		5.41%	5.43%	5.47% +0.04%
高橋京子 ↑		2.55%	2.58%	2.63% +0.05%
Employee Stock Ownership Plan 泉州電業従業員持株会 ↑		2.47%	2.41%	2.46% +0.05%
泉州産業 ↑		2.34%	2.37%	2.41% +0.04%
Fidelity		7.62%	3.65%	2.40% -1.25%
THE NOMURA TRUST AND BANKING CO., LTD. AS THE TRUSTEE OF REPURCHASE AGREEMENT MOTHER FUND		—	2.12%	2.02% -0.10%
上嶋明子 NEW ENTRY		1.78%	—	1.83% NEW
熊代佳子 NEW ENTRY	—	—	—	1.82% NEW
SWCC last seen 2024	Exited Top 10	4.80%	4.54%	—
Japan Custody Bank 日本カストディ銀行 last seen 2024	Exited Top 10	2.98%	3.95%	—
Concentration (HHI) ⓘ		248	239	205

3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved

Portfolio Book Value ¥2,539M +48% since 2023

Holdings 17 +2 new 1 exited

Trend 1 unwinding vs 2023

Held Company	FY2025 ¥2,539M total		FY2023 ¥1,715M total
	Book Val ¥M	Shares	Book Val ¥M	Shares
SWCC Corporation ＳＷＣＣ株式会社	620	-50.0% ↓ 82,500	343	165,000	M
Onamba Co.,Ltd. オーナンバ株式会社	472	353,000	277	353,000	M
Shinwa Co., Ltd. 株式会社進和	281	+3.5% ↑ 91,630	211	88,496	M
MEIJI ELECTRIC INDUSTRIES CO., LTD. 明治電機工業株式会社	279	120,000	166	120,000	M
Nippon Pillar Packing Co., Ltd. 株式会社ＰＩＬＬＡＲ	267	NEW New 55,000	—		M
MEISEI INDUSTRIAL Co.,Ltd. 明星工業株式会社	155	94,000	95	94,000	M
YONDENKO CORPORATION 株式会社四電工	135	+200.0% ↑ 96,000	93	32,000
JMACS Japan Co.,Ltd. ＪＭＡＣＳ株式会社	116	+134.7% ↑ 229,800	53	97,900	M
SUZUDEN CORPORATION スズデン株式会社	51	+4.1% ↑ 30,630	62	29,433
Toyo Denki Co., Ltd. 東洋電機株式会社	38	+7.3% ↑ 50,957	36	47,505
Fujii Sangyo Co., Ltd. 藤井産業株式会社	36	10,000	20	10,000
MITSUBOSHI CO., LTD. 株式会社三ッ星	36	55,920	114	55,920	M
TANAKA CO.,LTD 田中商事株式会社	24	29,700	19	29,700
CHUDENKO CORPORATION 株式会社中電工	14	3,399	8	3,399
JDC CORPORATION 日本国土開発株式会社	9	17,000	10	17,000
OKASAN SECURITIES GROUP INC. 株式会社岡三証券グループ	4	6,000	4	6,000
ARCLANDS CORPORATION アークランズ株式会社	2	NEW New 1,442	—
日本ピラー工業株式会社	—	−100% Exit —	204	55,000	M
Portfolio total	2,539		1,715

Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding