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Hikari Tsushin, Inc. logo

Hikari Tsushin, Inc.

9435.T

JPXIndustrialsConglomerates

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Latest quote

¥39,880

+¥470 · +1.19%

Aug 24, 1:21 PM JST

9435.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Hikari Tsushin, Inc. specializes in providing a diverse range of communication hardware, including corporate telephony systems, office automation equipment, network security solutions (UTMs), and servers. Beyond its product offerings, the company also delivers various services such as internet connectivity, digital content, electricity provision, and customized IT solutions for different industries. Additionally, it extends into water delivery services, offers insurance products, and provides agency sales support. Established in 1988, Hikari Tsushin maintains its headquarters in Tokyo, Japan.

Industry
Conglomerates
Sector
Industrials
Headquarters
JP
CEO
Yasumitsu Shigeta
Listed since
Jan 4, 2001
Employees
4,012

Market position

Day range

Current ¥39,880

52-week range

Current ¥39,880

Open
¥39,650
Previous close
¥39,410
Volume
42.6K
0.39× average
Average volume
109.37K
Average daily volume
Market cap
1.75T JPY
Beta
0.26
Market reference 1
50-day average
¥37,524
+6.28% above average
200-day average
¥40,411.65
-1.32% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.29T JPY
P/E (TTM)
10.97×
P/B (TTM)
1.39×
P/S (TTM)
2.3×
EV / EBITDA
9.63×
Earnings yield
8.66%
Free cash flow yield
2.16%
Dividend yield
1.93%

Profitability & efficiency

Gross margin
48.66%
Operating margin
15.28%
Net margin
20.98%
Return on equity
12.74%
Return on assets
5.29%
Return on invested capital
3.50%

Financial health

Debt / equity
0.88×
Current ratio
2.11×
Altman Z-score
1.92
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 trends57%40%23%6%Gross margin, FY2021: 52.34%Gross margin, FY2022: 46.17%Gross margin, FY2023: 52.36%Gross margin, FY2024: 50.00%Gross margin, FY2025: 49.53%Operating margin, FY2021: 12.69%Operating margin, FY2022: 10.67%Operating margin, FY2023: 15.85%Operating margin, FY2024: 15.25%Operating margin, FY2025: 15.39%Net margin, FY2021: 15.28%Net margin, FY2022: 14.18%Net margin, FY2023: 20.31%Net margin, FY2024: 17.12%Net margin, FY2025: 20.55%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 52.34%. Gross margin FY2022 46.17%. Gross margin FY2023 52.36%. Gross margin FY2024 50.00%. Gross margin FY2025 49.53%. Operating margin FY2021 12.69%. Operating margin FY2022 10.67%. Operating margin FY2023 15.85%. Operating margin FY2024 15.25%. Operating margin FY2025 15.39%. Net margin FY2021 15.28%. Net margin FY2022 14.18%. Net margin FY2023 20.31%. Net margin FY2024 17.12%. Net margin FY2025 20.55%.

Income trends

Revenue

734.79B JPY+7.03%

Operating income

113.08B JPY+7.97%

Net income

151.02B JPY+28.50%
Income trends across reported periods801.4B JPY534.96B JPY268.52B JPY2.07B JPYRevenue, FY2021: 573.03B JPYRevenue, FY2022: 643.98B JPYRevenue, FY2023: 601.95B JPYRevenue, FY2024: 686.55B JPYRevenue, FY2025: 734.79B JPYOperating income, FY2021: 72.71B JPYOperating income, FY2022: 68.69B JPYOperating income, FY2023: 95.42B JPYOperating income, FY2024: 104.73B JPYOperating income, FY2025: 113.08B JPYNet income, FY2021: 87.54B JPYNet income, FY2022: 91.35B JPYNet income, FY2023: 122.23B JPYNet income, FY2024: 117.52B JPYNet income, FY2025: 151.02B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 573.03B JPY. Revenue FY2022 643.98B JPY. Revenue FY2023 601.95B JPY. Revenue FY2024 686.55B JPY. Revenue FY2025 734.79B JPY. Operating income FY2021 72.71B JPY. Operating income FY2022 68.69B JPY. Operating income FY2023 95.42B JPY. Operating income FY2024 104.73B JPY. Operating income FY2025 113.08B JPY. Net income FY2021 87.54B JPY. Net income FY2022 91.35B JPY. Net income FY2023 122.23B JPY. Net income FY2024 117.52B JPY. Net income FY2025 151.02B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue734.79B JPY686.55B JPY601.95B JPY643.98B JPY573.03B JPY
Cost of goods sold370.84B JPY343.25B JPY286.78B JPY346.65B JPY273.08B JPY
Gross profit363.96B JPY343.3B JPY315.17B JPY297.33B JPY299.95B JPY
Selling, general, and administrative250.88B JPY238.57B JPY219.75B JPY228.65B JPY227.24B JPY
Operating expenses250.88B JPY238.57B JPY219.75B JPY228.65B JPY227.24B JPY
Interest income77.62B JPY14.61B JPY11.89B JPY3.44B JPY451M JPY
Interest expense22.4B JPY13.22B JPY10.85B JPY9.8B JPY9.16B JPY
Depreciation and amortization16.48B JPY14.08B JPY14.56B JPY16.25B JPY16.73B JPY
Operating income113.08B JPY104.73B JPY95.42B JPY68.69B JPY72.71B JPY
Net income151.02B JPY117.52B JPY122.23B JPY91.35B JPY87.54B JPY

Company facts updated Aug 24, 2026.

Corporate actions

Annual dividends per share

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

¥733

2025 complete year+52.4% since 2021

2026 partial: ¥395

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥200

Quarterly

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Dec 29, 2026

¥200

Quarterly

Record Dec 31, 2026 · Payment Dec 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥200

Quarterly

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Jun 29, 2026

¥200

Quarterly

Record Jun 30, 2026 · Payment Sep 11, 2026

Dividend

Ex-dividend Mar 30, 2026

¥195

Quarterly

Record Mar 31, 2026 · Payment Jun 12, 2026

Dividend

Ex-dividend Dec 29, 2025

¥190

Quarterly

Record Dec 31, 2025 · Payment Mar 13, 2026

ETFs holding 9435.T

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core TOPIX ETF logoiShares Core TOPIX ETF1475.T
Market value
1.97B
Weight
0.07%
AUM
2.89T JPY
Expense ratio
0.05%
Price / 1D
¥418.1+0.02%
iShares JPX-Nikkei 400 ETF logoiShares JPX-Nikkei 400 ETF1364.T
Market value
575.39M
Weight
0.10%
AUM
592.34B JPY
Expense ratio
0.05%
Price / 1D
¥3,7610.00%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
64.66M
Weight
0.01%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.71+0.78%
Militia Long/Short Equity ETF logoMilitia Long/Short Equity ETFORR
Market value
43.53M
Weight
12.36%
AUM
138.61M USD
Expense ratio
14.19%
Price / 1D
$38.69+1.36%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
43.15M
Weight
0.01%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.42+0.80%
iShares Core MSCI EAFE ETF logoiShares Core MSCI EAFE ETFIEFA
Market value
32.04M
Weight
0.02%
AUM
195.14B USD
Expense ratio
0.07%
Price / 1D
$100.85+0.86%
iShares MSCI Japan ETF logoiShares MSCI Japan ETFEWJ
Market value
18.89M
Weight
0.08%
AUM
22.49B USD
Expense ratio
0.49%
Price / 1D
$95.18+0.97%
JPMorgan BetaBuilders Japan ETF logoJPMorgan BetaBuilders Japan ETFBBJP
Market value
15.06M
Weight
0.08%
AUM
18.96B USD
Expense ratio
0.19%
Price / 1D
$76.87+0.97%

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