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Ichikawa Co., Ltd. logo

Ichikawa Co., Ltd.

3513.T

JPXBasic MaterialsPaper, Lumber & Forest Products

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Latest quote

¥3,355

−¥15.00 · -0.45%

Aug 24, 3:30 PM JST

3513.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Ichikawa Co., Ltd. operates both domestically in Japan and across international markets, specializing in the manufacturing and distribution of machinery for papermaking and a wide range of industrial felt materials. Their product portfolio for the paper industry includes press felts, various types of belts, and advanced shoe press and transfer belts. The firm also supplies a diverse array of industrial goods, such as robust, heat-resistant conveyance systems and high-performance cushioning materials. These industrial components are integral to numerous applications, from automotive body fabrication and Internet of Things (IoT) devices to 5th generation (5G) infrastructure, carport construction, consumer electronics, mobile phones, tablets, aluminum sash manufacturing, printed circuit boards (PCBs), flexible circuit boards, and the textile industry. Additionally, Ichikawa produces specialized felts tailored for slate applications. The company, established in 1918, maintains its corporate headquarters in Tokyo, Japan.

Industry
Paper, Lumber & Forest Products
Sector
Basic Materials
Headquarters
JP
CEO
Takanobu Yazaki
Listed since
Jan 4, 2001
Employees
639

Market position

Day range

Current ¥3,355

52-week range

Current ¥3,355

Open
¥3,360
Previous close
¥3,370
Volume
3.3K
0.43× average
Average volume
7.74K
Average daily volume
Market cap
14.12B JPY
Beta
0.06
Market reference 1
50-day average
¥3,353.3
+0.05% above average
200-day average
¥3,180.67
+5.48% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
10.03B JPY
P/E (TTM)
10.9×
P/B (TTM)
0.56×
P/S (TTM)
0.92×
EV / EBITDA
3.95×
Earnings yield
7.66%
Free cash flow yield
4.02%
Dividend yield
2.68%

Profitability & efficiency

Gross margin
46.11%
Operating margin
11.34%
Net margin
8.56%
Return on equity
4.87%
Return on assets
3.66%
Return on invested capital
3.92%

Financial health

Debt / equity
0.03×
Current ratio
3.95×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends50%33%17%0%Gross margin, FY2021: 37.74%Gross margin, FY2022: 40.68%Gross margin, FY2023: 43.64%Gross margin, FY2024: 43.13%Gross margin, FY2025: 45.45%Operating margin, FY2021: 4.30%Operating margin, FY2022: 6.00%Operating margin, FY2023: 8.21%Operating margin, FY2024: 7.70%Operating margin, FY2025: 10.62%Net margin, FY2021: 4.23%Net margin, FY2022: 6.24%Net margin, FY2023: 7.48%Net margin, FY2024: 5.61%Net margin, FY2025: 7.93%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 37.74%. Gross margin FY2022 40.68%. Gross margin FY2023 43.64%. Gross margin FY2024 43.13%. Gross margin FY2025 45.45%. Operating margin FY2021 4.30%. Operating margin FY2022 6.00%. Operating margin FY2023 8.21%. Operating margin FY2024 7.70%. Operating margin FY2025 10.62%. Net margin FY2021 4.23%. Net margin FY2022 6.24%. Net margin FY2023 7.48%. Net margin FY2024 5.61%. Net margin FY2025 7.93%.

Income trends

Revenue

14.79B JPY+6.05%

Operating income

1.57B JPY+46.28%

Net income

1.17B JPY+50.00%
Income trends across reported periods16.22B JPY10.51B JPY4.8B JPY−903.8M JPYRevenue, FY2021: 12.36B JPYRevenue, FY2022: 13.34B JPYRevenue, FY2023: 13.6B JPYRevenue, FY2024: 13.95B JPYRevenue, FY2025: 14.79B JPYOperating income, FY2021: 531.02M JPYOperating income, FY2022: 800M JPYOperating income, FY2023: 1.12B JPYOperating income, FY2024: 1.07B JPYOperating income, FY2025: 1.57B JPYNet income, FY2021: 523M JPYNet income, FY2022: 833M JPYNet income, FY2023: 1.02B JPYNet income, FY2024: 782M JPYNet income, FY2025: 1.17B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 12.36B JPY. Revenue FY2022 13.34B JPY. Revenue FY2023 13.6B JPY. Revenue FY2024 13.95B JPY. Revenue FY2025 14.79B JPY. Operating income FY2021 531.02M JPY. Operating income FY2022 800M JPY. Operating income FY2023 1.12B JPY. Operating income FY2024 1.07B JPY. Operating income FY2025 1.57B JPY. Net income FY2021 523M JPY. Net income FY2022 833M JPY. Net income FY2023 1.02B JPY. Net income FY2024 782M JPY. Net income FY2025 1.17B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue14.79B JPY13.95B JPY13.6B JPY13.34B JPY12.36B JPY
Cost of goods sold8.07B JPY7.93B JPY7.67B JPY7.92B JPY7.69B JPY
Gross profit6.72B JPY6.02B JPY5.94B JPY5.43B JPY4.66B JPY
Research and development——334M JPY330M JPY318M JPY
Selling, general, and administrative5.15B JPY4.94B JPY4.7B JPY4.51B JPY4B JPY
Operating expenses5.15B JPY4.94B JPY4.82B JPY4.63B JPY4.13B JPY
Interest income209M JPY143M JPY114M JPY112M JPY99M JPY
Interest expense12M JPY9M JPY7M JPY7M JPY7M JPY
Depreciation and amortization972M JPY973M JPY1.01B JPY1.01B JPY1.02B JPY
Operating income1.57B JPY1.07B JPY1.12B JPY800M JPY531.02M JPY
Net income1.17B JPY782M JPY1.02B JPY833M JPY523M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
105

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates112.3378.6845.0311.38Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 31, 2024: actual 41.38, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 31, 2025: actual 75.76, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 13.39, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual 72.45, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 29, 2025: actual 90.68, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual 82.73, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 29.57, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 105, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates4.12B3.8B3.47B3.15BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 31, 2024: actual 3.59B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 31, 2025: actual 3.78B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 15, 2025: actual 3.31B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual 3.41B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 29, 2025: actual 3.79B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 13, 2026: actual 3.63B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 15, 2026: actual 3.96B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 3.88B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥80.00

2025 complete year+33.3% since 2021

2026 partial: ¥50.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥50.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 31, 2027

¥50.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 31, 2027

Dividend

Ex-dividend Mar 30, 2026

¥50.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 5, 2026

Dividend

Ex-dividend Sep 29, 2025

¥40.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 1, 2025

Dividend

Ex-dividend Mar 28, 2025

¥40.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 6, 2025

Dividend

Ex-dividend Sep 27, 2024

¥40.00

Semi-Annual

Record Sep 30, 2024 · Payment Dec 2, 2024

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