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Tokyo Energy & Systems 1945.T · JPY

Industrials · Tokyo Stock Exchange · 🇯🇵 Japan

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1,764

+3.70%

Close of 9 Nov 2026, in JPY

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥83.08bn

FY2017FY2026

Net income

¥4.29bn

FY2017FY2026

Free cash flow

¥3.82bn

FY2017FY2026

Shareholders' equity

¥72.45bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥83.08bn¥67.72bn¥88.47bn¥79.06bn¥72.58bn¥59.51bn¥66.52bn¥68.64bn¥68.71bn¥73.56bn
Gross profit¥12.70bn¥9.01bn¥10.60bn¥9.30bn¥8.58bn¥8.40bn¥8.16bn¥8.92bn¥8.24bn¥10.03bn
Research and development—¥144.0m¥136.0m¥172.0m¥117.0m¥56.0m¥43.0m¥51.0m¥47.0m¥69.0m
Operating income¥4.74bn¥2.67bn¥3.96bn¥3.46bn¥3.16bn¥4.11bn¥3.92bn¥4.82bn¥4.21bn¥5.84bn
Net income¥4.29bn¥2.90bn¥2.96bn¥2.12bn¥1.23bn¥2.75bn¥2.37bn¥3.51bn¥2.90bn¥4.06bn
Diluted earnings per share129.3887.2388.3461.8635.7980.2469.38103.1385.79120.15

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥119.33bn¥108.08bn¥107.47bn¥108.51bn¥102.98bn¥89.62bn¥85.40bn¥85.75bn¥83.44bn¥78.87bn
Cash and short-term investments¥9.82bn¥7.77bn¥12.30bn¥13.26bn¥10.09bn¥23.30bn¥15.18bn¥16.66bn¥17.95bn¥6.83bn
Total liabilities¥46.87bn¥39.65bn¥38.93bn¥42.58bn¥38.51bn¥24.76bn¥22.64bn¥24.30bn¥24.80bn¥22.73bn
Debt¥18.13bn¥19.62bn¥6.95bn¥9.19bn¥8.65bn¥1.83bn¥501.0m¥692.0m¥875.0m¥1.09bn
Shareholders' equity¥72.45bn¥68.43bn¥68.55bn¥66.26bn¥64.63bn¥64.92bn¥62.72bn¥61.45bn¥58.64bn¥56.14bn
Shares outstanding33m33m34m34m34m34m34m34m34m34m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations¥4.71bn−¥15.23bn¥8.50bn¥8.14bn−¥5.73bn¥10.75bn¥2.39bn¥1.86bn¥13.55bn−¥1.31bn
Capital spending−¥884.0m−¥758.0m−¥935.0m−¥3.95bn−¥6.28bn−¥3.41bn−¥314.0m−¥774.0m−¥551.0m−¥1.20bn
Free cash flow¥3.82bn−¥15.99bn¥7.57bn¥4.19bn−¥12.02bn¥7.35bn¥2.08bn¥1.09bn¥13.00bn−¥2.51bn
Dividends paid−¥1.79bn−¥1.70bn−¥1.36bn−¥1.19bn−¥1.02bn−¥954.0m−¥903.0m−¥886.0m−¥853.0m−¥809.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥20.59bn¥26.85bn¥21.95bn¥18.64bn¥15.64bn¥21.26bn¥15.92bn¥15.65bn
Gross profit¥2.95bn¥4.86bn¥2.99bn¥2.55bn¥2.31bn¥4.28bn¥1.84bn¥1.71bn
Operating income¥961.0m¥2.45bn¥1.10bn¥629.0m¥552.0m¥2.68bn¥237.0m¥118.0m
Net income¥870.0m¥1.49bn¥1.31bn¥718.0m¥771.0m¥1.81bn¥461.0m−¥82.0m
Diluted earnings per share26.2644.9439.3821.6023.1954.4213.76-2.45
Total assets¥110.08bn¥119.33bn¥110.19bn¥102.69bn¥95.27bn¥108.08bn¥102.77bn¥95.39bn
Cash and short-term investments¥9.00bn¥9.82bn¥9.72bn¥9.67bn¥8.43bn¥7.77bn¥8.40bn¥8.74bn
Debt¥7.82bn¥18.13bn¥7.82bn¥11.90bn¥4.17bn¥19.61bn¥12.95bn¥9.95bn
Shareholders' equity¥71.91bn¥72.45bn¥69.92bn¥70.27bn¥68.77bn¥68.43bn¥66.83bn¥67.52bn

Financial ratios

Data as of 17 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin15.3%13.3%12.0%11.8%11.8%14.1%—
Operating margin9.0%7.5%6.3%4.4%4.4%6.9%—
Net margin5.2%4.3%3.3%2.7%1.7%4.6%—
Return on equity5.9%4.2%4.3%3.2%1.9%4.2%—
Return on assets3.6%2.7%2.8%2.0%1.2%3.1%—
Free cash flow yield7.9%-20.3%13.1%16.4%0.7%19.3%—
Revenue growth22.7%-23.4%11.9%8.9%22.0%-10.5%—
Earnings growth47.8%-2.0%39.6%72.9%-55.4%15.9%—
Current ratio2.15x2.05x2.12x2.19x2.19x3.55x—
Debt to equity0.25x0.29x0.10x0.14x0.13x0.03x—
Equity ratio60.7%63.3%63.8%61.1%62.8%72.4%—
Interest coverage27.93x23.03x29.25x24.36x45.77x73.30x—
R&D as a share of sales—0.2%0.2%0.2%0.2%0.1%0.1%
Buybacks as a share of market value0.3%0.8%2.2%-0.1%-0.1%-0.2%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue1.7%6.9%1.1%
Operating income11.1%2.9%-2.3%
Net income26.5%9.3%0.4%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin14.4%13.1%13.0%13.0%
Operating margin4.9%4.7%4.9%5.8%
Net margin4.8%3.9%3.6%4.1%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings14.321.012.516.926.113.613.18.911.310.9
Price to sales0.70.90.40.50.40.60.50.50.50.6

Dividends and splits

Per share, in the currency the company pays

Paid for 36 years. Last went ex-dividend on 29 Sept 2026.

FY2027FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Paid in the year38.0083.0051.0035.0030.0028.5026.0023.50
  • 1.1-for-1 split · 26 Mar 1996
  • 1.1-for-1 split · 26 Mar 1993
  • 11-for-10 split · 27 Mar 1990

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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