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T

Tsuzuki Denki Co 8157.T · JPY

Information Technology · Tokyo Stock Exchange · 🇯🇵 Japan

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3,850

+1.85%

Close of 9 Nov 2026, in JPY

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At a glance

Figures in JPY, from our data supplier.

FY2026

Revenue

¥103.73bn

FY2017FY2026

Net income

¥6.47bn

FY2017FY2026

Free cash flow

¥6.07bn

FY2017FY2026

Shareholders' equity

¥48.31bn

FY2017FY2026

Income statement

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue¥103.73bn¥98.26bn¥124.86bn¥123.90bn¥119.32bn¥120.00bn¥125.37bn¥118.87bn¥111.97bn¥105.15bn
Gross profit¥24.97bn¥22.66bn¥25.31bn¥24.18bn¥22.51bn¥21.47bn¥23.08bn¥21.50bn¥19.46bn¥18.44bn
Research and development——¥148.0m¥62.0m¥130.0m¥156.0m¥145.0m¥135.0m¥189.0m¥173.0m
Operating income¥8.18bn¥6.48bn¥6.44bn¥5.23bn¥4.13bn¥3.32bn¥4.46bn¥3.46bn¥2.54bn¥2.14bn
Net income¥6.47bn¥4.76bn¥5.48bn¥3.52bn¥2.80bn¥2.35bn¥3.15bn¥2.21bn¥1.51bn¥1.32bn
Diluted earnings per share355.29261.67302.27195.87156.61132.70179.44126.8487.8777.19

Balance sheet

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets¥87.63bn¥81.07bn¥81.07bn¥83.21bn¥79.23bn¥76.20bn¥77.45bn¥78.94bn¥76.17bn¥71.07bn
Cash and short-term investments¥43.47bn¥38.71bn¥38.70bn¥20.88bn¥19.16bn¥15.94bn¥18.47bn¥15.46bn¥16.02bn¥17.61bn
Total liabilities¥38.79bn¥36.44bn¥40.20bn¥47.82bn¥46.02bn¥45.02bn¥47.69bn¥50.23bn¥48.59bn¥47.01bn
Debt¥8.39bn¥9.55bn¥10.19bn¥10.99bn¥12.51bn¥12.85bn¥13.26bn¥16.88bn¥14.84bn¥16.14bn
Shareholders' equity¥48.31bn¥44.16bn¥40.40bn¥34.95bn¥32.85bn¥30.93bn¥29.75bn¥28.72bn¥27.58bn¥24.06bn
Shares outstanding18m18m18m18m18m18m18m17m17m17m

Cash flow

Fiscal years

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations¥6.32bn¥3.41bn¥4.95bn¥4.26bn¥5.56bn¥749.0m¥8.03bn¥852.0m¥1.77bn¥4.15bn
Capital spending−¥255.0m−¥277.0m−¥946.0m−¥1.09bn−¥1.87bn−¥2.19bn−¥2.17bn−¥2.92bn−¥3.79bn−¥2.15bn
Free cash flow¥6.07bn¥3.13bn¥4.01bn¥3.17bn¥3.69bn−¥1.44bn¥5.85bn−¥2.06bn−¥2.02bn¥2.00bn
Dividends paid−¥1.95bn−¥1.82bn−¥1.38bn−¥932.0m−¥1.01bn−¥1.09bn−¥709.0m−¥527.0m−¥311.0m−¥225.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue¥22.01bn¥36.40bn¥23.89bn¥24.60bn¥18.83bn¥32.97bn¥23.46bn¥23.07bn
Gross profit¥4.18bn¥8.82bn¥5.48bn¥6.31bn¥4.35bn¥8.06bn¥5.08bn¥5.41bn
Operating income−¥123.0m¥4.17bn¥1.51bn¥2.19bn¥301.0m¥4.08bn¥1.01bn¥1.39bn
Net income−¥110.0m¥3.14bn¥1.51bn¥1.54bn¥272.0m¥3.03bn¥700.0m¥1.04bn
Diluted earnings per share-6.04172.5982.9884.8414.94166.2838.6357.18
Total assets¥80.87bn¥87.63bn¥77.43bn¥79.69bn¥75.55bn¥81.07bn¥76.03bn¥75.07bn
Cash and short-term investments¥45.33bn¥43.47bn¥37.17bn¥38.68bn¥41.30bn¥38.71bn¥35.15bn¥36.33bn
Debt¥3.96bn¥8.09bn¥4.30bn¥8.47bn¥9.12bn¥9.18bn¥9.20bn¥9.38bn
Shareholders' equity¥46.81bn¥48.31bn¥45.37bn¥44.89bn¥43.57bn¥44.16bn¥40.89bn¥40.62bn

Financial ratios

Data as of 15 Sept 2026

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Gross margin24.1%23.1%20.3%19.5%18.9%17.9%——
Operating margin7.9%7.1%6.8%4.2%3.5%2.8%——
Net margin6.2%4.8%4.4%2.8%2.3%2.0%——
Return on equity13.4%10.8%13.6%10.1%8.5%7.6%——
Return on assets7.4%5.9%6.8%4.2%3.5%3.1%——
Free cash flow yield8.5%4.8%7.7%7.0%9.8%3.9%——
Revenue growth5.6%-21.3%0.8%3.8%-0.6%-4.3%——
Earnings growth35.8%-13.0%55.6%25.8%19.3%-25.6%——
Current ratio2.54x2.23x2.32x2.03x1.75x1.89x——
Debt to equity0.17x0.21x0.23x0.29x0.33x0.35x——
Equity ratio55.1%54.5%49.8%42.0%41.5%40.6%——
Interest coverage69.91x78.82x94.51x45.85x31.80x27.02x——
R&D as a share of sales——0.1%0.1%0.1%0.1%0.1%0.1%
Buybacks as a share of market value-0.0%-0.5%-0.8%-0.6%-1.1%-0.6%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-5.8%-2.9%-0.2%
Operating income16.1%19.7%16.5%
Net income22.5%22.5%24.6%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin23.6%21.5%20.4%19.2%
Operating margin7.3%5.8%4.9%3.8%
Net margin5.6%4.5%3.7%2.7%

Valuation history

At each fiscal year end

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Price to earnings11.013.39.311.58.313.39.112.68.613.2
Price to sales0.70.70.40.30.20.30.20.20.10.2

Dividends and splits

Per share, in the currency the company pays

Paid for 22 years. Last went ex-dividend on 29 Sept 2026.

FY2027FY2026FY2025FY2024FY2023FY2022FY2021FY2020
Paid in the year95.00175.0097.0074.0027.0054.0050.0039.00
  • 11-for-10 split · 26 Mar 1991
  • 1.15-for-1 split · 26 Sept 1989

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
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