TOTECH CORPORATION

9960 東テク株式会社

Wholesale Trade · Prime · TSE: Disclosed

PRICE: ¥3,810 · MKT CAP: ¥157.4B · P/E: 14.0x · P/B: 2.56x · DIV YIELD: 3.0%

PRICE — 5Y

Characteristics & Business Summary

Totech Corporation engages in the sale of air conditioning equipment in Japan. It is involved in the design, installation, maintenance, and repair of automatic control systems. It also offers the installation of electric devices, as well as linking the...

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

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Net Sales	109,650	110,120	126,696	140,732	155,958
Operating Profit	6,176	6,297	7,730	9,905	14,691
Ordinary Profit	6,806	7,120	8,172	10,585	15,574
Net Profit	4,795	4,724	5,230	7,004	11,194
EPS	¥351	¥345	¥380	¥509	¥271
DPS	¥84	¥139	¥162	¥205	¥116

Balance Sheet & Valuation Highlights

Total Assets ¥105B

Net Assets (Equity) ¥61B

Equity Ratio 58.2%

ROE (Return on Equity) 21.3%

Cash & Equivalents ¥13B

Interest-Bearing Debt ¥4B

Capital Expenditure (CapEx) ¥1B

Depreciation & Amort. ¥2B

Major Shareholders

1. 日本レイ株式会社 12.8%
2. DAIKIN INDUSTRIES, LTD. 7.3%
3. Japan Master Trust Bank 6.7%
4. BBH FOR FIDELITY LOW－PRICED STOCK FUND(PRINCIPAL ALL SECTOR SUBPORTFOLIO) 5.2%
5. Mizuho Bank 4.9%
6. Employee Stock Ownership Plan 4.5%
7. 草野和幸 2.9%
8. Custody Bank of Japan, Ltd. (Trust Account) 2.8%
9. Showa Manufacturing Co.,Ltd. 2.7%
10. Sumitomo Corporation 2.3%

Activist Activity

Fidelity Management Research Company LLC and others 9.79%

2026-06-05 · increase

Fidelity Management Research Company LLC, FIAM LLC, Fidelity Management Trust Company 8.78%

2026-06-05 · decrease

Fidelity Management Research Company LLC, FIAM LLC, Fidelity Management Trust Company (joint holders) 10.0%

2026-06-05 · increase

Fidelity Management Research Company LLC / FIAM LLC 9.22%

2026-06-05 · increase

FMR LLC 9.22%

2026-06-05 · increase

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues per share	¥8,018	¥8,052	¥9,207	¥10,222	¥3,775
FCF/Share	¥322	¥688	¥33	¥619	¥305
EPS	¥351	¥345	¥380	¥509	¥271
DPS	¥84	¥139	¥162	¥205	¥116
Capital Spending per share	¥61	¥117	¥313	¥102	¥31
Book Value per share	¥2,426	¥2,687	¥2,884	¥3,222	¥1,274
Common Shares Outstanding	14M	14M	14M	14M	41M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues (Net Sales)	¥110B	¥110B	¥127B	¥141B	¥156B
Operating Margin (%)	5.6%	5.7%	6.1%	7.0%	9.4%
Net Profit (owners)	¥5B	¥5B	¥5B	¥7B	¥11B
Net Profit Margin (%)	4.4%	4.3%	4.1%	5.0%	7.2%
Working Capital	¥2B	¥3B	¥4B	¥9B	¥16B
Total Debt (Interest-bearing)	¥14B	¥12B	¥12B	¥9B	¥4B
Net Worth (Common Equity)	¥33B	¥37B	¥40B	¥44B	¥53B
Return on Total Assets (ROA)	5.9%	5.6%	5.7%	7.0%	10.6%
Return on Common Equity (ROE)	14.5%	12.9%	13.2%	15.8%	21.3%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.