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Howa Machinery 6203.T · JPY

Industrials · Tokyo Stock Exchange · 🇯🇵 Japan

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1,783

+3.72%

Close of 9 Nov 2026, in JPY

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At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥24.06bn

FY2017FY2026

Net income

¥741.0m

FY2017FY2026

Free cash flow

¥4.53bn

FY2017FY2026

Shareholders' equity

¥21.02bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥24.06bn¥24.83bn¥19.79bn¥19.74bn¥19.70bn¥18.77bn¥20.32bn¥22.32bn¥19.46bn¥18.50bn
Gross profit¥4.23bn¥4.20bn¥3.49bn¥3.63bn¥3.96bn¥3.48bn¥3.90bn¥4.15bn¥2.99bn¥2.70bn
Research and development——¥252.0m¥230.0m¥180.0m¥217.0m¥193.0m¥188.0m¥257.0m¥183.0m
Operating income¥1.19bn¥1.25bn¥388.0m¥461.0m¥988.0m¥565.0m¥776.0m¥1.04bn¥280.0m−¥450.0m
Net income¥741.0m¥749.0m−¥873.0m¥524.0m¥1.06bn¥968.0m¥591.0m¥1.13bn¥168.0m−¥624.0m
Diluted earnings per share61.3962.05-72.3843.4688.1778.0847.6891.4113.42-49.86

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥35.83bn¥34.05bn¥30.29bn¥27.62bn¥27.67bn¥26.46bn¥24.11bn¥24.35bn¥24.20bn¥24.08bn
Cash and short-term investments¥6.19bn¥2.92bn¥3.90bn¥3.33bn¥4.42bn¥3.46bn¥3.51bn¥3.34bn¥2.71bn¥3.89bn
Total liabilities¥14.80bn¥15.31bn¥12.95bn¥10.27bn¥10.78bn¥10.34bn¥9.12bn¥9.07bn¥9.30bn¥8.85bn
Debt¥6.76bn¥7.97bn¥6.24bn¥3.52bn¥3.27bn¥4.15bn¥2.03bn¥1.72bn¥1.63bn¥1.43bn
Shareholders' equity¥21.02bn¥18.74bn¥17.33bn¥17.35bn¥16.89bn¥16.11bn¥14.99bn¥15.27bn¥14.88bn¥15.21bn
Shares outstanding12m12m12m12m12m12m12m12m13m13m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations¥4.81bn¥55.0m−¥1.07bn−¥506.0m¥3.05bn−¥1.27bn¥1.19bn¥690.0m−¥1.36bn¥1.70bn
Capital spending−¥286.0m−¥2.38bn−¥1.16bn−¥635.0m−¥664.0m−¥753.0m−¥988.0m−¥392.0m−¥264.0m−¥377.0m
Free cash flow¥4.53bn−¥2.32bn−¥2.23bn−¥1.14bn¥2.38bn−¥2.02bn¥204.0m¥298.0m−¥1.62bn¥1.32bn
Dividends paid−¥244.0m−¥241.0m−¥241.0m−¥240.0m−¥248.0m−¥247.0m−¥247.0m−¥249.0m−¥250.0m−¥250.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥4.67bn¥7.26bn¥5.04bn¥6.58bn¥5.19bn¥8.26bn¥5.85bn¥6.16bn
Gross profit¥1.20bn¥1.06bn¥1.20bn¥816.0m¥1.16bn¥943.0m¥1.15bn¥1.24bn
Operating income¥431.0m¥376.0m¥428.0m−¥50.0m¥434.0m¥220.0m¥395.0m¥510.0m
Net income¥382.0m¥192.0m¥443.0m−¥240.0m¥346.0m−¥101.0m¥303.0m¥346.0m
Diluted earnings per share31.6515.9136.70-19.8828.66-8.3725.1228.69
Total assets¥37.25bn¥35.83bn¥34.12bn¥33.84bn¥34.44bn¥34.05bn¥33.10bn¥32.99bn
Cash and short-term investments¥6.86bn¥6.19bn¥3.89bn¥4.33bn¥5.71bn¥2.92bn¥2.89bn¥3.60bn
Debt¥2.33bn¥6.66bn¥1.81bn¥6.55bn¥2.95bn¥7.85bn¥2.19bn¥7.04bn
Shareholders' equity¥22.35bn¥21.02bn¥20.36bn¥19.37bn¥18.79bn¥18.74bn¥18.62bn¥17.68bn

Financial ratios

Data as of 25 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Gross margin17.6%16.9%17.6%18.4%20.1%18.6%——
Operating margin4.9%5.1%2.0%2.3%5.0%3.0%——
Net margin3.1%3.0%-4.4%2.7%5.4%5.2%——
Return on equity3.5%4.0%-5.0%3.0%6.3%6.0%——
Return on assets2.1%2.2%-2.9%1.9%3.8%3.7%——
Free cash flow yield18.2%8.7%0.3%0.5%13.3%-1.8%——
Revenue growth-3.1%25.5%0.2%0.2%5.0%-7.7%——
Earnings growth-1.1%-185.8%-266.6%-50.7%9.7%63.8%——
Current ratio2.84x2.57x3.12x2.86x2.84x2.98x——
Debt to equity0.32x0.42x0.35x0.19x0.18x0.26x——
Equity ratio58.7%55.0%57.2%62.8%61.0%60.9%——
Interest coverage21.60x33.89x22.82x41.91x82.33x51.36x——
R&D as a share of sales——1.3%1.2%0.9%1.2%0.9%0.8%
Buybacks as a share of market value0.0%-0.1%-0.0%-0.1%2.8%-0.0%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue6.8%5.1%0.7%
Operating income37.1%16.0%44.0%
Net income12.2%-5.2%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin17.2%17.6%18.1%17.3%
Operating margin5.0%3.7%3.8%2.8%
Net margin3.0%1.3%2.5%1.9%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings33.219.2-17.417.611.110.120.29.253.3-35.9
Price to sales1.00.60.80.50.60.50.60.50.51.2

Dividends and splits

Per share, in the currency the company pays

Paid for 14 years. Last went ex-dividend on 30 Mar 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year40.0020.0020.0020.0020.0020.0020.0020.00
  • 10-to-1 reverse split · 29 Jul 2013

Sources and methodology

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

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