ALPHA Corporation logo

ALPHA Corporation

3434.T

JPXConsumer CyclicalAuto - Parts

Latest quote

¥1,264

+¥5.00 · +0.40%

Aug 24, 11:28 AM JSTData delayed

3434.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

ALPHA Corporation, a global enterprise headquartered in Yokohama, Japan, specializes in the design, manufacturing, and distribution of a broad spectrum of security solutions. These offerings primarily encompass lock and key products tailored for the automotive sector, residential and industrial hardware, and coin-operated locker systems. The company's operations are divided into two core divisions: the Automobile Parts Business and the Security Equipment Business. Within its Automobile Parts segment, ALPHA supplies a diverse range of components, including vehicle keys, advanced locking mechanisms, exterior door handles, rear-door sensors, security locks for motorcycles, and protective molding bumpers. Concurrently, the Security Equipment Business provides an extensive portfolio of products, such as electronic and mechanical locks for both home and industrial use, secure delivery boxes, general-purpose padlocks, and specialized locking systems for automated vending machines, ATMs, and various gaming machines, alongside complete locker system solutions. Established in 1923, the firm was initially known as Kokusan Kinzoku Kogyo Co., Ltd. before adopting its current name, ALPHA Corporation, in December 1990.

Industry
Auto - Parts
Sector
Consumer Cyclical
Headquarters
JP
CEO
Tetsuyuki Tsukano
Listed since
Apr 5, 2004
Employees
4,069

Market position

Day range

Current ¥1,264

52-week range

Current ¥1,264

Open
¥1,275
Previous close
¥1,259
Volume
3.2K
0.53× average
Average volume
6.02K
Average daily volume
Market cap
12.15B JPY
Beta
0.39
Market reference 1
50-day average
¥1,226.6
+3.05% above average
200-day average
¥1,235.82
+2.28% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
22.63B JPY
P/E (TTM)
10.03×
P/B (TTM)
0.32×
P/S (TTM)
0.16×
EV / EBITDA
5.03×
Earnings yield
11.57%
Free cash flow yield
-7.74%
Dividend yield
3.96%

Profitability & efficiency

Gross margin
15.33%
Operating margin
1.65%
Net margin
1.60%
Return on equity
3.58%
Return on assets
1.80%
Return on invested capital
0.93%

Financial health

Debt / equity
0.54×
Current ratio
1.39×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends17%11%4%-2%Gross margin, FY2021: 14.49%Gross margin, FY2022: 13.62%Gross margin, FY2023: 15.33%Gross margin, FY2024: 13.97%Gross margin, FY2025: 14.72%Operating margin, FY2021: 1.09%Operating margin, FY2022: 0.96%Operating margin, FY2023: 3.27%Operating margin, FY2024: 1.24%Operating margin, FY2025: 1.16%Net margin, FY2021: 1.12%Net margin, FY2022: 0.83%Net margin, FY2023: 2.42%Net margin, FY2024: -0.41%Net margin, FY2025: 1.90%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 14.49%. Gross margin FY2022 13.62%. Gross margin FY2023 15.33%. Gross margin FY2024 13.97%. Gross margin FY2025 14.72%. Operating margin FY2021 1.09%. Operating margin FY2022 0.96%. Operating margin FY2023 3.27%. Operating margin FY2024 1.24%. Operating margin FY2025 1.16%. Net margin FY2021 1.12%. Net margin FY2022 0.83%. Net margin FY2023 2.42%. Net margin FY2024 -0.41%. Net margin FY2025 1.90%.

Income trends

Revenue

72.7B JPY-1.10%

Operating income

843M JPY-7.77%

Net income

1.38B JPY+1.68B JPY
Income trends across reported periods82.03B JPY52.09B JPY22.15B JPY−7.79B JPYRevenue, FY2021: 53.77B JPYRevenue, FY2022: 62.88B JPYRevenue, FY2023: 74.54B JPYRevenue, FY2024: 73.51B JPYRevenue, FY2025: 72.7B JPYOperating income, FY2021: 586M JPYOperating income, FY2022: 601M JPYOperating income, FY2023: 2.44B JPYOperating income, FY2024: 914M JPYOperating income, FY2025: 843M JPYNet income, FY2021: 601M JPYNet income, FY2022: 524M JPYNet income, FY2023: 1.8B JPYNet income, FY2024: −301M JPYNet income, FY2025: 1.38B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 53.77B JPY. Revenue FY2022 62.88B JPY. Revenue FY2023 74.54B JPY. Revenue FY2024 73.51B JPY. Revenue FY2025 72.7B JPY. Operating income FY2021 586M JPY. Operating income FY2022 601M JPY. Operating income FY2023 2.44B JPY. Operating income FY2024 914M JPY. Operating income FY2025 843M JPY. Net income FY2021 601M JPY. Net income FY2022 524M JPY. Net income FY2023 1.8B JPY. Net income FY2024 −301M JPY. Net income FY2025 1.38B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue72.7B JPY73.51B JPY74.54B JPY62.88B JPY53.77B JPY
Cost of goods sold62B JPY63.24B JPY63.12B JPY54.32B JPY45.98B JPY
Gross profit10.7B JPY10.27B JPY11.42B JPY8.56B JPY7.79B JPY
Research and development2.09B JPY2.18B JPY1.89B JPY1.71B JPY
Selling, general, and administrative9.86B JPY7.26B JPY6.81B JPY6.07B JPY5.49B JPY
Operating expenses9.86B JPY9.36B JPY8.99B JPY7.96B JPY7.21B JPY
Interest income71M JPY80M JPY80M JPY43M JPY37M JPY
Interest expense397M JPY359M JPY302M JPY215M JPY206M JPY
Depreciation and amortization3.65B JPY3.85B JPY3.85B JPY3.96B JPY3.61B JPY
Operating income843M JPY914M JPY2.44B JPY601M JPY586M JPY
Net income1.38B JPY−301M JPY1.8B JPY524M JPY601M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
6.31

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates57.9524.8-8.36-41.51Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual -14.8, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual -29.91, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual -34.65, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 24.22, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 20.72, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual 51.09, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 47.97, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 6.31, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates21.13B19.38B17.64B15.89BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 18.38B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 13, 2025: actual 18.3B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 13, 2025: actual 18.61B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 16.7B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 17.39B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 12, 2026: actual 18.3B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 14, 2026: actual 20.32B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 6, 2026: actual 19.79B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥48.00

2025 complete year+60.0% since 2021

2026 partial: ¥30.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥21.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥30.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥30.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 29, 2026

Dividend

Ex-dividend Sep 29, 2025

¥20.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 10, 2025

Dividend

Ex-dividend Mar 28, 2025

¥28.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 27, 2025

Dividend

Ex-dividend Sep 27, 2024

¥20.00

Semi-Annual

Record Sep 30, 2024 · Payment Dec 10, 2024

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