Tokuden Co., Ltd. logo

Tokuden Co., Ltd.

3437.T

JPXIndustrialsIndustrial - Machinery

Latest quote

¥2,751

+¥7.00 · +0.26%

Aug 24, 9:13 AM JST

3437.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Tokuden Co., Ltd. manufactures and sells welding materials in Japan. The company offers flux-cored wires for submerged arc welding and MAG welding, arc welding electrodes for hard facing, wire rods for TIG and MIG welding, agglomerated and fused fluxes, powdered material for PTA welding, etc. It also undertakes welding construction works, such as various types of welding and overhaul works to iron-making, petrochemicals, cement, home electronics, automobile, and foodstuff industries; and provides pipes, top plates, iron foundry press-equalizing devices, trunnion journals, and chutes, as well as environment-related equipment, including deodorizing devices and forced-cooling apparatus. Tokuden Co., Ltd. was founded in 1933 and is headquartered in Amagasaki, Japan.

Industry
Industrial - Machinery
Sector
Industrials
Headquarters
JP
CEO
Mayuki Hashimoto
Listed since
Jun 14, 2006
Employees
268

Market position

Day range

Current ¥2,751

52-week range

Current ¥2,751

Open
¥2,750
Previous close
¥2,744
Volume
500
0.85× average
Average volume
590
Average daily volume
Market cap
4.35B JPY
Beta
0.16
Market reference 1
50-day average
¥2,697.32
+1.99% above average
200-day average
¥2,999.45
-8.28% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
4.08B JPY
P/E (TTM)
9.93×
P/B (TTM)
0.55×
P/S (TTM)
0.4×
EV / EBITDA
4.07×
Earnings yield
10.11%
Free cash flow yield
4.04%
Dividend yield
3.67%

Profitability & efficiency

Gross margin
25.95%
Operating margin
5.17%
Net margin
4.04%
Return on equity
5.83%
Return on assets
3.83%
Return on invested capital
4.34%

Financial health

Debt / equity
0.21×
Current ratio
2.81×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends31%21%11%1%Gross margin, FY2021: 28.05%Gross margin, FY2022: 28.77%Gross margin, FY2023: 27.86%Gross margin, FY2024: 26.62%Gross margin, FY2025: 25.85%Operating margin, FY2021: 7.13%Operating margin, FY2022: 8.34%Operating margin, FY2023: 5.17%Operating margin, FY2024: 6.03%Operating margin, FY2025: 5.35%Net margin, FY2021: 5.64%Net margin, FY2022: 7.18%Net margin, FY2023: 3.96%Net margin, FY2024: 4.43%Net margin, FY2025: 4.19%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 28.05%. Gross margin FY2022 28.77%. Gross margin FY2023 27.86%. Gross margin FY2024 26.62%. Gross margin FY2025 25.85%. Operating margin FY2021 7.13%. Operating margin FY2022 8.34%. Operating margin FY2023 5.17%. Operating margin FY2024 6.03%. Operating margin FY2025 5.35%. Net margin FY2021 5.64%. Net margin FY2022 7.18%. Net margin FY2023 3.96%. Net margin FY2024 4.43%. Net margin FY2025 4.19%.

Income trends

Revenue

10.92B JPY+3.57%

Operating income

583.45M JPY-8.24%

Net income

457.02M JPY-2.22%
Income trends across reported periods11.97B JPY7.75B JPY3.54B JPY−674.01M JPYRevenue, FY2021: 8.62B JPYRevenue, FY2022: 9.7B JPYRevenue, FY2023: 9.59B JPYRevenue, FY2024: 10.54B JPYRevenue, FY2025: 10.92B JPYOperating income, FY2021: 614.82M JPYOperating income, FY2022: 809.15M JPYOperating income, FY2023: 495.3M JPYOperating income, FY2024: 635.83M JPYOperating income, FY2025: 583.45M JPYNet income, FY2021: 486.02M JPYNet income, FY2022: 696.51M JPYNet income, FY2023: 379.6M JPYNet income, FY2024: 467.39M JPYNet income, FY2025: 457.02M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 8.62B JPY. Revenue FY2022 9.7B JPY. Revenue FY2023 9.59B JPY. Revenue FY2024 10.54B JPY. Revenue FY2025 10.92B JPY. Operating income FY2021 614.82M JPY. Operating income FY2022 809.15M JPY. Operating income FY2023 495.3M JPY. Operating income FY2024 635.83M JPY. Operating income FY2025 583.45M JPY. Net income FY2021 486.02M JPY. Net income FY2022 696.51M JPY. Net income FY2023 379.6M JPY. Net income FY2024 467.39M JPY. Net income FY2025 457.02M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue10.92B JPY10.54B JPY9.59B JPY9.7B JPY8.62B JPY
Cost of goods sold8.09B JPY7.73B JPY6.92B JPY6.91B JPY6.2B JPY
Gross profit2.82B JPY2.81B JPY2.67B JPY2.79B JPY2.42B JPY
Research and development83.79M JPY67M JPY56.4M JPY56.94M JPY
Selling, general, and administrative2.24B JPY2.17B JPY2.11B JPY1.92B JPY1.75B JPY
Operating expenses2.24B JPY2.17B JPY2.18B JPY1.98B JPY1.8B JPY
Interest income1.1M JPY642K JPY289K JPY371K JPY398K JPY
Interest expense9.98M JPY6.15M JPY3.11M JPY1.84M JPY356K JPY
Depreciation and amortization391.4M JPY382.51M JPY252.38M JPY125.98M JPY106.08M JPY
Operating income583.45M JPY635.83M JPY495.3M JPY809.15M JPY614.82M JPY
Net income457.02M JPY467.39M JPY379.6M JPY696.51M JPY486.02M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
62.45

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates116.0380.5445.069.57Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q2 '25Q3 '25Q4 '25
Q2 2024, reported May 15, 2024: actual 11.26, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 8, 2024: actual 61.69, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 13, 2024: actual 108.27, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 11, 2025: actual 75.2, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 50.48, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 30, 2025: actual 81.6, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 59.46, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 31, 2025: actual 62.45, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates2.91B2.69B2.47B2.25BQ2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q2 '25Q3 '25Q4 '25
Q2 2024, reported May 15, 2024: actual 2.37B JPY, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 8, 2024: actual 2.38B JPY, estimate —, surprise —, Comparison unavailable. Q4 2024, reported Nov 13, 2024: actual 2.59B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 11, 2025: actual 2.77B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 2.8B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Jun 30, 2025: actual 2.72B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 2.59B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Dec 31, 2025: actual 2.69B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Corporate action history

Stock split

Effective Sep 29, 2020

2:1

Stock split

Effective Sep 28, 2015

1:10

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