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Densan Co 3640.T · JPY

Industrials · Tokyo Stock Exchange · 🇯🇵 Japan

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2,421

+1.72%

Close of 9 Nov 2026, in JPY

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At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥27.99bn

FY2017FY2026

Net income

¥4.48bn

FY2017FY2026

Free cash flow

¥4.02bn

FY2017FY2026

Shareholders' equity

¥16.26bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥27.99bn¥18.74bn¥15.97bn¥17.80bn¥17.31bn¥16.10bn¥14.87bn¥14.09bn¥13.60bn¥14.80bn
Gross profit¥10.59bn¥6.49bn¥5.53bn¥6.51bn¥4.69bn¥4.62bn¥3.83bn¥3.16bn¥4.48bn¥5.03bn
Research and development—¥733.5m¥1.18bn¥794.2m¥185.8m¥16.5m¥23.2m¥160.8m¥358.4m¥1.56bn
Operating income¥6.30bn¥2.52bn¥1.29bn¥2.50bn¥1.25bn¥1.15bn¥319.1m−¥380.3m¥1.05bn¥602.6m
Net income¥4.48bn¥1.84bn¥898.6m¥1.61bn¥859.3m¥599.0m¥261.4m−¥1.06bn¥744.5m¥419.7m
Diluted earnings per share806.13327.43154.63298.21171.04119.6446.81-190.63133.9475.62

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥25.65bn¥21.54bn¥19.59bn¥20.21bn¥20.80bn¥19.77bn¥18.70bn¥19.40bn¥18.94bn¥18.71bn
Cash and short-term investments¥4.11bn¥2.55bn¥1.60bn¥1.33bn¥1.50bn¥678.4m¥706.3m¥577.1m¥1.41bn¥1.88bn
Total liabilities¥9.39bn¥8.83bn¥8.76bn¥11.29bn¥13.39bn¥13.05bn¥11.16bn¥11.97bn¥10.12bn¥10.49bn
Debt¥2.21bn¥3.85bn¥4.89bn¥6.25bn¥6.59bn¥7.76bn¥6.57bn¥7.14bn¥5.89bn¥5.83bn
Shareholders' equity¥16.26bn¥12.71bn¥10.83bn¥8.92bn¥7.41bn¥6.72bn¥7.53bn¥7.44bn¥8.82bn¥8.22bn
Shares outstanding6m6m6m5m5m5m6m6m6m6m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations¥4.31bn¥2.97bn¥1.62bn¥1.46bn¥2.37bn¥589.2m¥1.37bn−¥287.4m¥2.18bn¥667.0m
Capital spending−¥294.6m−¥171.8m−¥445.0m−¥408.4m−¥402.4m−¥606.2m−¥464.7m−¥204.7m−¥195.3m−¥80.0m
Free cash flow¥4.02bn¥2.79bn¥1.17bn¥1.05bn¥1.97bn−¥16.9m¥907.3m−¥492.0m¥1.99bn¥587.0m
Dividends paid−¥210.6m−¥214.6m−¥226.0m−¥175.5m−¥190.0m−¥195.2m−¥194.8m−¥194.3m−¥193.5m−¥219.8m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥4.41bn¥10.03bn¥7.36bn¥6.36bn¥4.24bn¥7.22bn¥4.23bn¥3.71bn
Gross profit¥1.58bn¥4.12bn¥2.90bn¥2.58bn¥984.3m¥2.63bn¥1.44bn¥1.24bn
Operating income¥421.6m¥2.69bn¥1.92bn¥1.60bn¥82.4m¥1.73bn¥495.2m¥185.3m
Net income¥289.6m¥1.93bn¥1.39bn¥1.11bn¥52.3m¥1.26bn¥361.3m¥150.0m
Diluted earnings per share52.13347.74246.45196.869.29223.1662.1825.81
Total assets¥21.46bn¥25.65bn¥22.26bn¥21.21bn¥20.29bn¥21.54bn¥18.91bn¥19.22bn
Cash and short-term investments¥7.08bn¥4.11bn¥2.97bn¥2.25bn¥4.19bn¥2.55bn¥2.23bn¥2.52bn
Debt¥962.0m¥1.67bn¥1.63bn¥2.03bn¥1.81bn¥2.97bn¥2.15bn¥2.94bn
Shareholders' equity¥15.77bn¥16.26bn¥14.24bn¥13.05bn¥12.74bn¥12.71bn¥11.34bn¥11.08bn

Financial ratios

Data as of 29 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin37.8%34.6%34.6%36.6%27.1%28.7%—
Operating margin22.6%13.6%8.1%14.1%7.2%7.2%—
Net margin16.0%9.8%5.6%9.1%5.0%3.7%—
Return on equity27.5%14.5%8.3%18.1%11.6%8.9%—
Return on assets17.5%8.6%4.6%8.0%4.1%3.0%—
Free cash flow yield30.4%20.4%13.0%12.7%20.2%8.7%—
Revenue growth49.3%17.3%-10.3%2.9%7.5%8.3%—
Earnings growth143.1%105.0%-44.2%87.6%43.4%129.2%—
Current ratio2.16x1.84x1.70x1.41x1.00x1.11x—
Debt to equity0.10x0.23x0.36x0.57x0.80x1.01x—
Equity ratio63.4%59.0%55.3%44.1%35.6%34.0%—
Interest coverage325.29x142.23x84.97x126.60x55.67x65.02x—
R&D as a share of sales—3.9%7.4%4.5%1.1%0.1%0.2%
Buybacks as a share of market value1.3%3.2%-7.5%-7.6%-0.3%10.3%—

Growth per year

Compound annual rate

3 years5 years10 years
Revenue16.3%11.7%7.0%
Operating income36.0%40.4%26.5%
Net income40.6%49.5%16.5%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin36.6%36.2%33.7%32.5%
Operating margin18.9%15.7%13.2%9.3%
Net margin13.5%11.0%9.0%6.3%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings3.09.39.35.19.319.551.7-11.914.833.3
Price to sales0.50.90.50.50.50.70.90.90.80.9

Dividends and splits

Per share, in the currency the company pays

Paid for 16 years. Last went ex-dividend on 30 Mar 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year100.0037.0045.0035.0038.0035.0035.0035.00
  • 2-for-1 split · 26 Sept 2012
  • 2-for-1 split · 28 Mar 2012

Sources and methodology

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

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