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Takasago Thermal Engineering Co., Ltd.

1969.T

JPXBasic MaterialsConstruction Materials

Latest quote

¥4,303

+¥83.00 · +1.97%

Aug 24, 3:30 PM JST

1969.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Takasago Thermal Engineering Co., Ltd., a Tokyo-based company established in 1923 and known as Takasago Heating Works Co., Ltd. until its 1943 rebranding, operates globally in the specialized field of thermal engineering. The company provides a full spectrum of services for heating, ventilation, and air conditioning (HVAC) systems, encompassing design, construction, manufacturing, sales, and installation. Its comprehensive offerings extend beyond conventional HVAC to include advanced cleanroom technologies and their related equipment, as well as large-scale district heating and cooling infrastructure. Takasago also delivers various specialized systems, such as air conditioning, plumbing, sanitary, co-generation, electrical, instrumentation, communication, equipment diagnosis, and dehumidification/drying solutions. The company is adept at developing high-precision HVAC systems for critical environments, including nuclear energy facilities, and implements innovative thermal management solutions like waste vacuum transfer, exhaust heat recovery, heating, cooling, refrigeration, and freezing systems. Furthermore, it leverages technological tools such as GODA Cloud for data collection and analysis, alongside proprietary swirling induction HVAC and clean dry air supply systems. Beyond its core engineering expertise, Takasago Thermal Engineering engages in a diverse array of complementary businesses. These include general construction, staffing, security, cleaning, energy supply and generation, and water treatment services. The company is also active in the real estate market, handling purchase, sale, brokerage, leasing, and property management. Additionally, it participates in greenhouse gas emission rights trading, offers consulting for energy conservation and environmental strategies, and is involved in the manufacturing, sales, import, and export of a wide range of machinery, equipment, and materials.

Industry
Construction Materials
Sector
Basic Materials
Headquarters
JP
CEO
Kazuhito Kojima
Listed since
Jan 1, 2001
Employees
7,287

Market position

Day range

Current ¥4,303

52-week range

Current ¥4,303

Open
¥4,175
Previous close
¥4,220
Volume
509K
0.73× average
Average volume
699.84K
Average daily volume
Market cap
563.1B JPY
Beta
0.42
Market reference 1
50-day average
¥4,602.72
-6.51% below average
200-day average
¥4,614.47
-6.75% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
16.13×
P/B (TTM)
2.72×
P/S (TTM)
1.36×
Dividend yield
2.67%

Profitability & efficiency

Gross margin
22.40%
Operating margin
10.82%
Net margin
8.42%

Financial health

Debt / equity
0.2×
Altman Z-score
5.07
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends23%16%9%2%Gross margin, FY2021: 13.67%Gross margin, FY2022: 13.68%Gross margin, FY2023: 16.50%Gross margin, FY2024: 18.77%Gross margin, FY2025: 21.40%Operating margin, FY2021: 4.75%Operating margin, FY2022: 4.52%Operating margin, FY2023: 6.66%Operating margin, FY2024: 8.49%Operating margin, FY2025: 11.15%Net margin, FY2021: 3.81%Net margin, FY2022: 3.61%Net margin, FY2023: 5.40%Net margin, FY2024: 7.24%Net margin, FY2025: 8.84%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 13.67%. Gross margin FY2022 13.68%. Gross margin FY2023 16.50%. Gross margin FY2024 18.77%. Gross margin FY2025 21.40%. Operating margin FY2021 4.75%. Operating margin FY2022 4.52%. Operating margin FY2023 6.66%. Operating margin FY2024 8.49%. Operating margin FY2025 11.15%. Net margin FY2021 3.81%. Net margin FY2022 3.61%. Net margin FY2023 5.40%. Net margin FY2024 7.24%. Net margin FY2025 8.84%.

Income trends

Revenue

423.92B JPY+11.07%

Operating income

47.26B JPY+45.81%

Net income

37.47B JPY+35.61%
Income trends across reported periods465.16B JPY300.21B JPY135.25B JPY−29.7B JPYRevenue, FY2021: 302.75B JPYRevenue, FY2022: 338.83B JPYRevenue, FY2023: 363.37B JPYRevenue, FY2024: 381.66B JPYRevenue, FY2025: 423.92B JPYOperating income, FY2021: 14.38B JPYOperating income, FY2022: 15.33B JPYOperating income, FY2023: 24.19B JPYOperating income, FY2024: 32.42B JPYOperating income, FY2025: 47.26B JPYNet income, FY2021: 11.54B JPYNet income, FY2022: 12.23B JPYNet income, FY2023: 19.61B JPYNet income, FY2024: 27.63B JPYNet income, FY2025: 37.47B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 302.75B JPY. Revenue FY2022 338.83B JPY. Revenue FY2023 363.37B JPY. Revenue FY2024 381.66B JPY. Revenue FY2025 423.92B JPY. Operating income FY2021 14.38B JPY. Operating income FY2022 15.33B JPY. Operating income FY2023 24.19B JPY. Operating income FY2024 32.42B JPY. Operating income FY2025 47.26B JPY. Net income FY2021 11.54B JPY. Net income FY2022 12.23B JPY. Net income FY2023 19.61B JPY. Net income FY2024 27.63B JPY. Net income FY2025 37.47B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue423.92B JPY381.66B JPY363.37B JPY338.83B JPY302.75B JPY
Cost of goods sold333.2B JPY310.02B JPY303.42B JPY292.47B JPY261.35B JPY
Gross profit90.73B JPY71.65B JPY59.95B JPY46.36B JPY41.4B JPY
Selling, general, and administrative42.98B JPY36.64B JPY33.67B JPY29.31B JPY26.13B JPY
Operating expenses43.46B JPY39.23B JPY35.76B JPY31.04B JPY27.01B JPY
Interest income624M JPY549M JPY413M JPY264M JPY166M JPY
Interest expense423M JPY269M JPY288M JPY278M JPY237M JPY
Depreciation and amortization3.76B JPY3.29B JPY2.73B JPY2.48B JPY1.94B JPY
Operating income47.26B JPY32.42B JPY24.19B JPY15.33B JPY14.38B JPY
Net income37.47B JPY27.63B JPY19.61B JPY12.23B JPY11.54B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
48.97

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates89.2773.8458.4242.99Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 14, 2024: actual 46.42, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual 63.48, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual 82.91, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual 67.98, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 14, 2025: actual 85.84, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual 84.41, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 12, 2026: actual 47.55, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 5, 2026: actual 48.97, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates122.61B107.5B92.39B77.28BQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 13, 2025: actual 105.28B JPY, estimate 104.55B JPY, surprise +0.71%, Beat. Q2 2025, reported May 13, 2025: actual 116.47B JPY, estimate 109.61B JPY, surprise +6.26%, Beat. Q3 2025, reported Aug 8, 2025: actual 94.21B JPY, estimate 82B JPY, surprise +14.88%, Beat. Q4 2025, reported Nov 14, 2025: actual 100.3B JPY, estimate 96.65B JPY, surprise +3.78%, Beat. Q1 2026, reported Feb 12, 2026: actual 111.52B JPY, estimate 103.75B JPY, surprise +7.49%, Beat. Q2 2026, reported May 12, 2026: actual 117.9B JPY, estimate 113.98B JPY, surprise +3.44%, Beat. Q3 2026, reported Aug 5, 2026: actual 84.92B JPY, estimate 90.83B JPY, surprise -6.51%, Miss. Q4 2026, reported Nov 13, 2026: actual —, estimate 97.17B JPY, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Sep 29, 2025

2:1

1969.T peers

ETFs holding 1969.T

Funds reporting this stock among their holdings, ordered by reported position size.

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