TRUSCO NAKAYAMA CORPORATION

9830 トラスコ中山株式会社

Wholesale Trade · Prime · TSE: Disclosed

PRICE: ¥2,210 · MKT CAP: ¥145.7B · P/E: 9.2x · P/B: 0.78x · DIV YIELD: 2.7%

PRICE — 5Y

Characteristics & Business Summary

Trusco Nakayama Corporation, a trading company, engages in the wholesale of work, measuring, and cutting tools in Japan and internationally. The company operates through Factory Route, E-Business Route, and Home Center Route Overseas Route segments. It serves...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	213,404	229,342	246,453	268,154	295,024	320,043
Operating Profit	11,017	12,891	14,667	18,519	19,978	22,816
Ordinary Profit	11,559	13,572	15,065	18,669	20,056	22,541
Net Profit	8,007	11,603	10,626	12,268	16,095	15,881
EPS	¥121	¥176	¥161	¥186	¥244	¥241
DPS	¥30	¥36	¥40	¥46	¥54	¥60

Balance Sheet & Valuation Highlights

Total Assets ¥308B

Net Assets (Equity) ¥186B

Equity Ratio 60.4%

ROE (Return on Equity) 8.6%

Cash & Equivalents ¥48B

Interest-Bearing Debt ¥80B

Capital Expenditure (CapEx) ¥18B

Depreciation & Amort. ¥6B

Major Shareholders

1. 株式会社ＮＳホールディングス 12.0%
2. Japan Master Trust Bank 10.8%
3. 公益財団法人中山視覚福祉財団 6.6%
4. Japan Custody Bank 5.8%
5. 大同商事株式会社 5.2%
6. GOVERNMENT OF NORWAY 3.7%
7. 株式会社ＮＲホールディングス 3.6%
8. 株式会社ＮＦホールディングス 3.0%
9. 有限会社平成実業 2.7%
10. SG/UCITS V/INV （常任代理人香港上海銀行東京支店） 2.5%

Activist Activity

Mizuho Securities Co., Ltd. 6.32%

2026-05-12 · change

Mizuho Securities Co., Ltd. 6.35%

2026-04-22 · change

Mizuho Securities Co., Ltd. 6.35%

2026-04-07 · change

Nakayama Welfare Foundation For Visually Impaired Person 6.59%

2026-03-30 · change

Mizuho Securities Co., Ltd. 6.34%

2026-03-06 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥3,236	¥3,478	¥3,737	¥4,067	¥4,474	¥4,854
FCF/Share	¥106	¥122	¥127	¥55	¥-95	¥-156
EPS	¥121	¥176	¥161	¥186	¥244	¥241
DPS	¥30	¥36	¥40	¥46	¥54	¥60
Capital Spending per share	¥122	¥119	¥58	¥169	¥292	¥280
Book Value per share	¥2,019	¥2,161	¥2,286	¥2,426	¥2,620	¥2,802
Common Shares Outstanding	66M	66M	66M	66M	66M	66M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥213B	¥229B	¥246B	¥268B	¥295B	¥320B
Operating Margin (%)	5.2%	5.6%	6.0%	6.9%	6.8%	7.1%
Net Profit (owners)	¥8B	¥12B	¥11B	¥12B	¥16B	¥16B
Net Profit Margin (%)	3.8%	5.1%	4.3%	4.6%	5.5%	5.0%
Working Capital	¥27B	¥36B	¥45B	¥48B	¥42B	¥40B
Total Debt (Interest-bearing)	¥52B	¥52B	¥45B	¥50B	¥56B	¥80B
Net Worth (Common Equity)	¥133B	¥142B	¥151B	¥160B	¥173B	¥185B
Return on Total Assets (ROA)	3.8%	5.2%	4.7%	5.0%	6.0%	5.2%
Return on Common Equity (ROE)	6.0%	8.1%	7.0%	7.7%	9.3%	8.6%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.