TVE Co., Ltd. logo

TVE Co., Ltd.

6466.T

JPXIndustrialsIndustrial - Machinery

Latest quote

¥3,760

−¥20.00 · -0.53%

Aug 24, 3:30 PM JST

6466.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

TVE Co., Ltd., a Japanese company headquartered in Amagasaki and founded in 1922, specializes in the design, manufacturing, distribution, and upkeep of a comprehensive array of valves and precision cast metal components. Their extensive product catalog includes various gate valves, such as wedge and parallel slide models; a wide range of safety and relief valves, encompassing open, sealed, electromagnetic, and general-purpose types, alongside specialized valves for pressurizers, vacuum systems, and main steam applications. They also offer globe, Y, and angle valves, as well as numerous check valves like swing, lift, tilting, stop, and bleed designs. Furthermore, their offerings extend to unique specialized valves, including through-conduit, pressure stop, needle, fuel transfer pipe gate, main steam isolation, and safety injection system valves, in addition to flow meters. Beyond valve systems, TVE also produces and supplies diverse steel products, including stainless, heat-resistant, and standard grades. Their products and essential maintenance services are vital to critical industries such as nuclear, thermal, IPP, and in-house power generation, as well as the oil, petrochemical, LNG, and marine vessel sectors. The company underwent a name change from Toa Valve Engineering Inc. to TVE Co., Ltd. in September 2020.

Industry
Industrial - Machinery
Sector
Industrials
Headquarters
JP
CEO
Kazunori Okui
Listed since
Sep 29, 2005
Employees
400

Market position

Volume
9.6K
0.5× average
Average volume
19.09K
Average daily volume
Market cap
8.82B JPY
Beta
0.18
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.96B JPY
P/E (TTM)
10.7×
P/B (TTM)
0.69×
P/S (TTM)
0.78×
EV / EBITDA
4.02×
Earnings yield
10.15%
Free cash flow yield
-57.11%
Dividend yield
1.06%

Profitability & efficiency

Gross margin
27.81%
Operating margin
10.09%
Net margin
7.28%
Return on equity
5.00%
Return on assets
3.75%
Return on invested capital
2.90%

Financial health

Debt / equity
0.03×
Current ratio
2.86×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends31%19%8%-4%Gross margin, FY2021: 23.19%Gross margin, FY2022: 20.65%Gross margin, FY2023: 25.97%Gross margin, FY2024: 28.25%Gross margin, FY2025: 24.94%Operating margin, FY2021: 6.66%Operating margin, FY2022: -1.02%Operating margin, FY2023: 5.07%Operating margin, FY2024: 9.16%Operating margin, FY2025: 5.85%Net margin, FY2021: 4.36%Net margin, FY2022: -0.71%Net margin, FY2023: 4.63%Net margin, FY2024: 6.43%Net margin, FY2025: 5.87%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 23.19%. Gross margin FY2022 20.65%. Gross margin FY2023 25.97%. Gross margin FY2024 28.25%. Gross margin FY2025 24.94%. Operating margin FY2021 6.66%. Operating margin FY2022 -1.02%. Operating margin FY2023 5.07%. Operating margin FY2024 9.16%. Operating margin FY2025 5.85%. Net margin FY2021 4.36%. Net margin FY2022 -0.71%. Net margin FY2023 4.63%. Net margin FY2024 6.43%. Net margin FY2025 5.87%.

Income trends

Revenue

10.18B JPY-9.24%

Operating income

595.73M JPY-42.03%

Net income

597.57M JPY-17.22%
Income trends across reported periods12.35B JPY7.83B JPY3.31B JPY−1.22B JPYRevenue, FY2021: 10.45B JPYRevenue, FY2022: 8.51B JPYRevenue, FY2023: 9.4B JPYRevenue, FY2024: 11.22B JPYRevenue, FY2025: 10.18B JPYOperating income, FY2021: 696.22M JPYOperating income, FY2022: −86.99M JPYOperating income, FY2023: 476.17M JPYOperating income, FY2024: 1.03B JPYOperating income, FY2025: 595.73M JPYNet income, FY2021: 455.65M JPYNet income, FY2022: −60.49M JPYNet income, FY2023: 435.27M JPYNet income, FY2024: 721.83M JPYNet income, FY2025: 597.57M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 10.45B JPY. Revenue FY2022 8.51B JPY. Revenue FY2023 9.4B JPY. Revenue FY2024 11.22B JPY. Revenue FY2025 10.18B JPY. Operating income FY2021 696.22M JPY. Operating income FY2022 −86.99M JPY. Operating income FY2023 476.17M JPY. Operating income FY2024 1.03B JPY. Operating income FY2025 595.73M JPY. Net income FY2021 455.65M JPY. Net income FY2022 −60.49M JPY. Net income FY2023 435.27M JPY. Net income FY2024 721.83M JPY. Net income FY2025 597.57M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue10.18B JPY11.22B JPY9.4B JPY8.51B JPY10.45B JPY
Cost of goods sold7.64B JPY8.05B JPY6.96B JPY6.76B JPY8.03B JPY
Gross profit2.54B JPY3.17B JPY2.44B JPY1.76B JPY2.42B JPY
Research and development129.73M JPY227.79M JPY127.74M JPY217.67M JPY99.05M JPY
Selling, general, and administrative270.34M JPY1.91B JPY1.84B JPY1.63B JPY1.63B JPY
Operating expenses1.94B JPY2.14B JPY1.96B JPY1.84B JPY1.73B JPY
Interest income2.63M JPY801K JPY32K JPY89K JPY279K JPY
Interest expense7.63M JPY4.72M JPY4.81M JPY11.24M JPY2.45M JPY
Depreciation and amortization390.74M JPY385.49M JPY398.19M JPY364.7M JPY320.39M JPY
Operating income595.73M JPY1.03B JPY476.17M JPY−86.99M JPY696.22M JPY
Net income597.57M JPY721.83M JPY435.27M JPY−60.49M JPY455.65M JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
77.09

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates179.11101.0422.97-55.1Q4 '24Q1 '25Q2 '25Q3 '25Q3 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 13, 2024: actual -34.16, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 12, 2025: actual -38.95, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual 115.7, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 162.96, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 14.98, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 10, 2026: actual 123.78, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 11, 2026: actual 135.7, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 77.09, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates3.42B2.94B2.46B1.99BQ4 '24Q1 '25Q2 '25Q3 '25Q3 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 13, 2024: actual 2.75B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 12, 2025: actual 2.12B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual 2.6B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 7, 2025: actual 2.68B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 2.78B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 10, 2026: actual 2.72B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 11, 2026: actual 3.29B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 2.54B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

¥40.00

2025 complete year0.0% since 2021

2026 partial: ¥20.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥35.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

Dividend

Ex-dividend Mar 30, 2026

¥20.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 8, 2026

Dividend

Ex-dividend Sep 29, 2025

¥20.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 24, 2025

Dividend

Ex-dividend Mar 28, 2025

¥20.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 9, 2025

Dividend

Ex-dividend Sep 27, 2024

¥40.00

Semi-Annual

Record Sep 30, 2024 · Payment Dec 25, 2024

Dividend

Ex-dividend Mar 28, 2024

¥20.00

Semi-Annual

Record Mar 31, 2024 · Payment Jun 10, 2024

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