Heiwa Corporation logo

Heiwa Corporation

6412.T

JPXConsumer CyclicalLeisure

Latest quote

¥2,225

+¥3.00 · +0.14%

Aug 25, 10:33 AM JST

6412.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Established in 1949, Heiwa Corporation, previously named Heiwa Kogyo Co., Ltd., operates out of Tokyo, Japan. The company primarily engages in the design, manufacturing, and distribution of pachinko and pachislot gaming machines across Japan, and it also manages golf course facilities.

Industry
Leisure
Sector
Consumer Cyclical
Headquarters
JP
CEO
Katsuya Minei
Listed since
Jan 4, 2001
Employees
9,512

Market position

Day range

Current ¥2,225

52-week range

Current ¥2,225

Open
¥2,232
Previous close
¥2,222
Volume
78.9K
0.26× average
Average volume
307.26K
Average daily volume
Market cap
219.45B JPY
Beta
0.02
Market reference 1
50-day average
¥2,074.56
+7.25% above average
200-day average
¥1,994.85
+11.54% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
727.87B JPY
P/E (TTM)
19.2×
P/B (TTM)
0.87×
P/S (TTM)
0.83×
EV / EBITDA
9.79×
Earnings yield
6.33%
Free cash flow yield
5.41%
Dividend yield
3.60%

Profitability & efficiency

Gross margin
31.56%
Operating margin
16.43%
Net margin
4.30%
Return on equity
4.69%
Return on assets
1.08%
Return on invested capital
1.51%

Financial health

Debt / equity
2.38×
Current ratio
0.99×
Altman Z-score
0.78
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 trends39%26%12%-2%Gross margin, FY2021: 27.48%Gross margin, FY2022: 34.66%Gross margin, FY2023: 34.31%Gross margin, FY2024: 35.98%Gross margin, FY2025: 33.12%Operating margin, FY2021: 8.42%Operating margin, FY2022: 18.91%Operating margin, FY2023: 17.18%Operating margin, FY2024: 18.98%Operating margin, FY2025: 16.82%Net margin, FY2021: 1.80%Net margin, FY2022: 14.54%Net margin, FY2023: 12.18%Net margin, FY2024: 8.96%Net margin, FY2025: 4.52%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 27.48%. Gross margin FY2022 34.66%. Gross margin FY2023 34.31%. Gross margin FY2024 35.98%. Gross margin FY2025 33.12%. Operating margin FY2021 8.42%. Operating margin FY2022 18.91%. Operating margin FY2023 17.18%. Operating margin FY2024 18.98%. Operating margin FY2025 16.82%. Net margin FY2021 1.80%. Net margin FY2022 14.54%. Net margin FY2023 12.18%. Net margin FY2024 8.96%. Net margin FY2025 4.52%.

Income trends

Revenue

258.11B JPY+76.95%

Operating income

43.42B JPY+56.82%

Net income

11.67B JPY-10.66%
Income trends across reported periods283.7B JPY181.33B JPY78.97B JPY−23.4B JPYRevenue, FY2021: 121.56B JPYRevenue, FY2022: 142.29B JPYRevenue, FY2023: 136.38B JPYRevenue, FY2024: 145.87B JPYRevenue, FY2025: 258.11B JPYOperating income, FY2021: 10.24B JPYOperating income, FY2022: 26.91B JPYOperating income, FY2023: 23.43B JPYOperating income, FY2024: 27.69B JPYOperating income, FY2025: 43.42B JPYNet income, FY2021: 2.19B JPYNet income, FY2022: 20.69B JPYNet income, FY2023: 16.61B JPYNet income, FY2024: 13.06B JPYNet income, FY2025: 11.67B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 121.56B JPY. Revenue FY2022 142.29B JPY. Revenue FY2023 136.38B JPY. Revenue FY2024 145.87B JPY. Revenue FY2025 258.11B JPY. Operating income FY2021 10.24B JPY. Operating income FY2022 26.91B JPY. Operating income FY2023 23.43B JPY. Operating income FY2024 27.69B JPY. Operating income FY2025 43.42B JPY. Net income FY2021 2.19B JPY. Net income FY2022 20.69B JPY. Net income FY2023 16.61B JPY. Net income FY2024 13.06B JPY. Net income FY2025 11.67B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue258.11B JPY145.87B JPY136.38B JPY142.29B JPY121.56B JPY
Cost of goods sold172.63B JPY93.38B JPY89.59B JPY92.98B JPY88.16B JPY
Gross profit85.48B JPY52.49B JPY46.8B JPY49.31B JPY33.4B JPY
Research and development9.08B JPY9.07B JPY7.01B JPY9.09B JPY
Selling, general, and administrative42.05B JPY15.41B JPY13.98B JPY15.4B JPY13.78B JPY
Operating expenses42.05B JPY24.8B JPY23.37B JPY22.41B JPY23.16B JPY
Interest income319M JPY723M JPY63M JPY73M JPY100M JPY
Interest expense10.16B JPY1.93B JPY393M JPY384M JPY390M JPY
Depreciation and amortization30.81B JPY9.07B JPY9B JPY8.8B JPY10.08B JPY
Operating income43.42B JPY27.69B JPY23.43B JPY26.91B JPY10.24B JPY
Net income11.67B JPY13.06B JPY16.61B JPY20.69B JPY2.19B JPY

Company facts updated Aug 25, 2026.

Earnings

EPS beat rate
50%
1 beat, 1 miss, 0 met estimates
Average EPS surprise
+174.53%
2 comparable reports
Latest EPS result
80.52

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates117.4548.1-21.24-90.59Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 48.54, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 7, 2025: actual 103.1, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 14, 2025: actual -76.24, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual 82.94, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 13, 2025: actual 16.5, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 10, 2026: actual 73.5, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 13, 2026: actual -54.61, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 80.52, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates86.22B64.91B43.6B22.29BQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 7, 2025: actual 46.99B JPY, estimate 47.16B JPY, surprise -0.36%, Miss. Q2 2025, reported May 14, 2025: actual 27.09B JPY, estimate 26.22B JPY, surprise +3.28%, Beat. Q3 2025, reported Aug 8, 2025: actual 70.25B JPY, estimate 69B JPY, surprise +1.81%, Beat. Q4 2025, reported Nov 13, 2025: actual 61.22B JPY, estimate 69.76B JPY, surprise -12.24%, Miss. Q1 2026, reported Feb 10, 2026: actual 75.08B JPY, estimate 81.78B JPY, surprise -8.19%, Miss. Q2 2026, reported May 13, 2026: actual 51.55B JPY, estimate 52.55B JPY, surprise -1.90%, Miss. Q3 2026, reported Aug 7, 2026: actual 77.76B JPY, estimate 77.77B JPY, surprise -0.01%, Miss. Q4 2026, reported Nov 11, 2026: actual —, estimate 69.22B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥80.00

2025 complete year0.0% since 2021

2026 partial: ¥40.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥40.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥40.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥40.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 29, 2026

Dividend

Ex-dividend Sep 29, 2025

¥40.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 10, 2025

Dividend

Ex-dividend Mar 28, 2025

¥40.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 30, 2025

Dividend

Ex-dividend Sep 27, 2024

¥40.00

Semi-Annual

Record Sep 30, 2024 · Payment Dec 10, 2024

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