H 
Hamamatsu Photonics KK 6965.T · JPY
Information Technology · Tokyo Stock Exchange · 🇯🇵 Japan
1,924
+2.26%
Close of 9 Nov 2026, in JPY
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At a glance
Figures in JPY, from our data supplier.
Revenue
¥212.05bn
FY2016FY2025
Net income
¥14.20bn
FY2016FY2025
Free cash flow
¥1.88bn
FY2016FY2025
Shareholders' equity
¥321.52bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ¥212.05bn | ¥203.96bn | ¥221.44bn | ¥208.80bn | ¥169.03bn | ¥140.25bn | ¥145.91bn | ¥144.34bn | ¥130.50bn | ¥121.85bn |
| Gross profit | ¥101.38bn | ¥103.88bn | ¥120.01bn | ¥112.38bn | ¥83.39bn | ¥68.48bn | ¥74.00bn | ¥73.95bn | ¥64.83bn | ¥61.05bn |
| Research and development | ¥18.44bn | ¥13.55bn | ¥12.30bn | ¥11.27bn | ¥11.37bn | ¥12.15bn | ¥13.07bn | ¥12.83bn | ¥11.78bn | ¥11.87bn |
| Operating income | ¥16.16bn | ¥32.12bn | ¥56.68bn | ¥56.98bn | ¥34.32bn | ¥21.75bn | ¥25.40bn | ¥27.26bn | ¥22.85bn | ¥20.54bn |
| Net income | ¥14.20bn | ¥25.14bn | ¥42.83bn | ¥41.30bn | ¥25.05bn | ¥16.52bn | ¥19.92bn | ¥21.22bn | ¥17.78bn | ¥14.42bn |
| Diluted earnings per share | 47.83 | 82.62 | 138.28 | 133.35 | 80.91 | 53.36 | 64.34 | 68.55 | 56.63 | 45.83 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ¥456.42bn | ¥435.86bn | ¥404.22bn | ¥366.18bn | ¥301.68bn | ¥271.62bn | ¥260.18bn | ¥245.84bn | ¥239.33bn | ¥217.30bn |
| Cash and short-term investments | ¥97.07bn | ¥99.88bn | ¥121.52bn | ¥128.31bn | ¥99.76bn | ¥80.40bn | ¥82.06bn | ¥74.46bn | ¥83.90bn | ¥75.50bn |
| Total liabilities | ¥132.96bn | ¥102.85bn | ¥84.16bn | ¥84.28bn | ¥64.11bn | ¥58.10bn | ¥56.53bn | ¥51.85bn | ¥51.77bn | ¥47.58bn |
| Debt | ¥72.30bn | ¥41.94bn | ¥14.83bn | ¥12.01bn | ¥10.31bn | ¥8.54bn | ¥8.22bn | ¥8.35bn | ¥11.20bn | ¥11.20bn |
| Shareholders' equity | ¥321.52bn | ¥331.31bn | ¥318.65bn | ¥280.56bn | ¥236.52bn | ¥212.68bn | ¥202.96bn | ¥193.32bn | ¥186.94bn | ¥169.16bn |
| Shares outstanding | 297m | 304m | 310m | 310m | 310m | 310m | 310m | 310m | 314m | 315m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ¥37.78bn | ¥38.05bn | ¥34.25bn | ¥45.13bn | ¥39.91bn | ¥23.32bn | ¥30.88bn | ¥23.58bn | ¥26.15bn | ¥24.16bn |
| Capital spending | −¥35.91bn | −¥28.24bn | −¥30.42bn | −¥18.00bn | −¥18.70bn | −¥17.92bn | −¥13.98bn | −¥12.76bn | −¥13.77bn | −¥9.14bn |
| Free cash flow | ¥1.88bn | ¥9.81bn | ¥3.83bn | ¥27.12bn | ¥21.22bn | ¥5.40bn | ¥16.89bn | ¥10.82bn | ¥12.38bn | ¥15.02bn |
| Dividends paid | −¥11.57bn | −¥11.79bn | −¥12.08bn | −¥9.30bn | −¥6.20bn | −¥6.21bn | −¥6.21bn | −¥5.30bn | −¥5.36bn | −¥5.80bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ¥60.55bn | ¥60.59bn | ¥51.91bn | ¥56.58bn | ¥48.72bn | ¥56.16bn | ¥50.59bn | ¥53.41bn |
| Gross profit | ¥29.36bn | ¥30.59bn | ¥23.66bn | ¥26.34bn | ¥22.47bn | ¥28.16bn | ¥24.42bn | ¥27.48bn |
| Operating income | ¥6.33bn | ¥7.62bn | ¥2.40bn | ¥3.88bn | ¥1.51bn | ¥6.50bn | ¥4.28bn | ¥6.82bn |
| Net income | ¥3.40bn | ¥6.44bn | ¥2.78bn | ¥4.59bn | −¥327.0m | ¥5.75bn | ¥4.19bn | ¥4.73bn |
| Diluted earnings per share | 11.74 | 22.28 | 9.38 | 15.48 | -1.10 | 19.35 | 13.76 | 15.55 |
| Cash from operations | — | — | — | ¥37.78bn | — | — | — | — |
| Capital spending | — | — | — | −¥35.91bn | — | — | — | — |
| Free cash flow | — | — | — | ¥1.88bn | — | — | — | — |
| Total assets | ¥486.75bn | ¥486.22bn | ¥478.33bn | ¥456.42bn | ¥444.60bn | ¥436.44bn | ¥448.50bn | ¥435.86bn |
| Cash and short-term investments | ¥105.33bn | ¥108.16bn | ¥105.68bn | ¥97.07bn | ¥103.98bn | ¥99.74bn | ¥104.34bn | ¥99.88bn |
| Debt | ¥67.44bn | ¥75.56bn | ¥69.80bn | ¥67.36bn | ¥54.67bn | ¥56.16bn | ¥48.60bn | ¥29.36bn |
| Shareholders' equity | ¥317.15bn | ¥321.35bn | ¥317.97bn | ¥321.52bn | ¥311.57bn | ¥317.96bn | ¥315.15bn | ¥331.31bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.5% | 8.6% | 5.8% |
| Operating income | -34.3% | -5.8% | -3.7% |
| Net income | -29.9% | -3.0% | -1.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 49.3% | 51.7% | 51.0% | 50.9% |
| Operating margin | 11.6% | 19.1% | 18.9% | 18.6% |
| Net margin | 9.5% | 14.6% | 14.3% | 14.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 34.7 | 21.4 | 21.0 | 23.7 | 45.4 | 55.3 | 34.9 | 26.9 | 33.5 | 33.5 |
| Price to sales | 2.3 | 2.6 | 4.1 | 4.7 | 6.7 | 6.5 | 4.8 | 4.0 | 4.6 | 4.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 29 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 57.00 | 38.00 | 38.00 | 39.00 | 26.00 | 20.00 | 20.00 | 20.00 |
- 2-for-1 split · 27 Sept 2024
- 2-for-1 split · 27 Mar 2015
- 2-for-1 split · 27 Mar 2001
- 1.05-for-1 split · 25 Sept 1996
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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