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Shinwa

Shinwa Co., Ltd.

Company highlights

The latest annual dividend per share is higher than the year before.

Key figures

Period Apr 2025 to Mar 2026ConsolidatedIFRS

RevenueDisclosed ¥20.1B
Operating marginCalculated 12.4%
Net assets to total assetsCalculated 52.9%

Company profile

Securities code 3447 / EDINET code E33834 / Metal Products / Fiscal year end end of March

海津市平田町仏師川字村中３０番７／Capital stock ¥100 million
Address, capital stock, fiscal year end and industry: the FSA’s EDINET code list.

Company details
則武 栗夫 Representative
8/11/2014 Date of incorporation

Tables scroll sideways

Disclosed data

Source: Annual Securities Report (Apr 2025 to Mar 2026) · filed 2026-06-25

Profitability ★★★★☆position among all companies 12.4%
Growth (revenue, 4-year average) ★★★☆☆position among all companies 5.8%
Capital efficiency ★★★★☆position among all companies 10.5%

Business activities and revenue composition

Breakdown by business: not published

Revenue and profit

Amounts by account
GroupAccountAmountConsolidated / Non-consolidated
Selling, general and administrative expenses Cost of sales ¥17.9 billion Consolidated
Selling general and administrative expenses IFRS ¥3.2 billion Consolidated
Other ¥1.1 billion Parent only
Salaries and allowances ¥0.6 billion Parent only
Amortization of goodwill ¥0.5 billion Parent only
Shipping expense ¥0.4 billion Parent only
Depreciation ¥0.1 billion Parent only
Retirement benefit expenses ¥30.08 million Parent only
Share-based payment expenses ¥24.17 million Parent only
Provision of allowance for doubtful accounts ¥-19.85 million Parent only
Provision for bonuses ¥6.53 million Parent only
Profit by stage Gross profit (loss) ¥3.7 billion Parent only
Operating income ¥2.5 billion Consolidated
Net income ¥1.7 billion Consolidated
Ordinary income ¥0.9 billion Parent only

Shinwa

Selling, general and administrative expenses

Period Apr 2025 to Mar 2026Source Annual securities reports

Cost of sales ¥17.9 billion (75.5%)75%Selling general and administrative expenses IFRS ¥3.2 billion (13.6%)14%Other ¥1.1 billion (4.8%)Salaries and allowances ¥0.6 billion (2.5%)Amortization of goodwill ¥0.5 billion (2.0%)Shipping expense ¥0.4 billion (1.6%)¥23.7B
  • Cost of sales　¥17.9 billion
  • Selling general and administrative expenses IFRS　¥3.2 billion
  • Other　¥1.1 billion
  • Salaries and allowances　¥0.6 billion
  • Amortization of goodwill　¥0.5 billion
  • Shipping expense　¥0.4 billion

Performance, financial position and capital allocation

Finance
52.9% Net assets to total assets Industry median 63.8% FY ending 3/2026 · consolidated / calculated
5.4% Return on assets (ROA)
¥732.14 Net assets per share
¥1.2 billion Free cash flow
¥32.0 billion Total assets
¥12.3 billion Goodwill (the part of the acquisition price above the net assets acquired)
Capital allocation
92.9% Cash conversion Industry median 141.2% FY ending 3/2026 · consolidated / calculated
-3.7% Increase in working capital ★☆☆☆☆ position among all companies FY ending 3/2026 · consolidated / calculated
140.8% Property, plant and equipment purchases relative to depreciation ★★★★☆ position among all companies FY ending 3/2026 · consolidated / calculated
31.9% Return to shareholders ★★★☆☆ position among all companies FY ending 3/2026 · consolidated / calculated

Long-term changes in performance

Period 2017 to 2026Disclosed

Revenue ×1.33 from 2017 to 2026

Shinwa

Long-term revenue, profit and asset trends

Period 2017 to 2026Source Annual securities reportsDisclosed

Mark on the chart
20 13 7 0 2017 2019 2021 2023 2025 2026 Net sales and operating revenue Profit before tax 2018　Profit (loss) before tax (IFRS) as a share of revenue -3.3 points 2019　Profit (loss) before tax (IFRS) as a share of revenue -2.7 points 2023　Profit (loss) before tax (IFRS) as a share of revenue -3.1 points 2024　Profit (loss) before tax (IFRS) as a share of revenue -4.6 points 2025　Revenue (IFRS) year on year +38.1%, Profit (loss) before tax (IFRS) as a share of revenue +3.4 points 2026　Profit (loss) before tax (IFRS) as a share of revenue +2.9 points 20Latest value 2026 20¥ billion 20Highest in the period shown 2026 20¥ billion 13Lowest in the period shown 2024 13¥ billion ¥ billion

Recent performance trends

Year-on-year comparison

Period 2017 to 2026Disclosed

Item20222023202420252026
Revenue (IFRS) ¥16.1B ¥14.8B ¥12.7B ¥17.5B ¥20.1B
Year on year (%) +15.7% -8.1% -14.1% +38.1%◆ +15.1%
Profit (loss) before tax (IFRS) ¥2.1B ¥1.4B ¥0.7B ¥1.5B ¥2.3B
Change from prior year +15.7% -30.5% -54.5% +129.6% +54.4%
Profit (loss) before tax (IFRS) as a share of Revenue (IFRS) 12.8% 9.7% 5.1% 8.6% 11.5%
Change (percentage points) -0.0 points -3.1 points◆ -4.6 points◆ +3.4 points◆ +2.9 points◆

Fiscal periods marked for changes

Earlier fiscal periods (3)
  • 2018Profit (loss) before tax (IFRS) as a share of revenue -3.3 points
  • 2019Profit (loss) before tax (IFRS) as a share of revenue -2.7 points
  • 2023Profit (loss) before tax (IFRS) as a share of revenue -3.1 points
  • 2024Profit (loss) before tax (IFRS) as a share of revenue -4.6 points
  • 2025Revenue (IFRS) year on year +38.1%, Profit (loss) before tax (IFRS) as a share of revenue +3.4 points
  • 2026Profit (loss) before tax (IFRS) as a share of revenue +2.9 points

Shinwa

Earnings and net assets per share over time

Unit yenSource Annual securities reports

126 84 42 0 4 years ago 3 years ago 2 years ago Last year This year Earnings per share yen 1,247 831 416 0 4 years ago 3 years ago 2 years ago Last year This year Net assets per share yen
Consolidated indicators (15 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Revenue (IFRS) ¥16.1 billion ¥14.8 billion ¥12.7 billion ¥17.5 billion ¥20.1 billion
Profit (loss) before tax (IFRS) ¥2.1 billion ¥1.4 billion ¥0.7 billion ¥1.5 billion ¥2.3 billion
Profit (loss) attributable to owners of parent (IFRS) ¥1.5 billion ¥1.0 billion ¥0.4 billion ¥1.0 billion ¥1.7 billion
Comprehensive income (IFRS) ¥1.4 billion ¥1.0 billion ¥0.4 billion ¥1.0 billion ¥1.8 billion
Equity attributable to owners of parent (IFRS) ¥15.1 billion ¥15.5 billion ¥15.3 billion ¥15.8 billion ¥16.9 billion
Total assets (IFRS) ¥22.5 billion ¥21.3 billion ¥20.7 billion ¥30.0 billion ¥32.0 billion
Equity attributable to owners of parent per share (IFRS) 1,088.87 yen 1,117.56 yen 1,100.69 yen 1,137.85 yen 1,247.22 yen
Basic earnings (loss) per share (IFRS) 105.36 yen 72.49 yen 29.46 yen 70.17 yen 126.24 yen
Diluted earnings (loss) per share (IFRS) 105.35 yen 72.49 yen Could not be retrieved Could not be retrieved Could not be retrieved
Ratio of equity attributable to owners of parent (IFRS) 67.2% 73.0% 74.0% 52.9% 52.9%
Return on equity attributable to owners of parent (IFRS) 9.8% 6.6% 2.7% 6.3% 10.5%
Net cash provided by (used in) operating activities (IFRS) ¥0.8 billion ¥0.7 billion ¥2.0 billion ¥0.8 billion ¥2.3 billion
Net cash provided by (used in) investing activities (IFRS) ¥-0.8 billion ¥-0.7 billion ¥-0.6 billion ¥-4.3 billion ¥-1.2 billion
Net cash provided by (used in) financing activities (IFRS) ¥-1.3 billion ¥-1.4 billion ¥-1.6 billion ¥4.5 billion ¥-1.1 billion
Cash and cash equivalents (IFRS) ¥3.5 billion ¥2.1 billion ¥1.8 billion ¥2.9 billion ¥3.0 billion
Parent only indicators (15 items)
Item4 years ago3 years ago2 years agoLast yearThis year
Net sales ¥15.9 billion ¥14.1 billion ¥12.7 billion ¥13.8 billion ¥14.6 billion
Ordinary income (loss) ¥1.7 billion ¥1.0 billion ¥0.2 billion ¥0.2 billion ¥0.9 billion
Net income (loss) ¥1.0 billion ¥0.5 billion ¥-28.77 million ¥-50.23 million ¥0.4 billion
Capital stock ¥0.2 billion ¥0.2 billion ¥0.2 billion ¥0.2 billion ¥0.2 billion
Total number of issued shares (common stock) 14,103,000 shares 14,103,000 shares 14,103,000 shares 14,103,000 shares 14,103,000 shares
Net assets ¥11.4 billion ¥11.4 billion ¥10.7 billion ¥10.2 billion ¥9.9 billion
Total assets ¥18.2 billion ¥16.7 billion ¥15.7 billion ¥20.6 billion ¥22.0 billion
Net assets per share 823.66 yen 816.54 yen 768.09 yen 732 yen 732.14 yen
Dividend per share 43 yen 32 yen 32 yen 32 yen 34 yen
Interim dividend per share Could not be retrieved Could not be retrieved 16 yen 16 yen 16 yen
Basic earnings (loss) per share 72.84 yen 36.43 yen -2.07 yen -3.61 yen 31.38 yen
Diluted earnings per share 72.83 yen 36.43 yen Could not be retrieved Could not be retrieved Could not be retrieved
Equity-to-asset ratio 63.0% 67.9% 68.0% 49.4% 45.1%
Return on equity 8.9% 4.4% -0.3% -0.5% 4.2%
Payout ratio 59.0% 87.8% Could not be retrieved Could not be retrieved 108.3%

Dividend history

Source: reporting company’s key figures, annual securities reports · 9 years (2018 to 2026)Parent-onlyDisclosed

1 periods Consecutive increases (own definition) through FY ending 3/2026
8 periods Consecutive periods with dividends (site definition) through FY ending 3/2026
+6.2% Dividend growth (year on year)
-0.6% Dividend growth (5-year annual rate)
Fiscal yearAnnual dividend per share Of which interimPayout ratio (as reported, parent only) Flag
FY ending 3/2026 ¥34 ¥16 108.3%
FY ending 3/2025 ¥32 ¥16 Could not be retrieved
FY ending 3/2024 ¥32 ¥16 Could not be retrieved
FY ending 3/2023 ¥32 Could not be retrieved 87.8%
FY ending 3/2022 ¥43 Could not be retrieved 59.0%
FY ending 3/2021 ¥35 Could not be retrieved 65.0%
FY ending 3/2020 ¥44 Could not be retrieved 38.5%
FY ending 3/2019 ¥44 Could not be retrieved 72.7%
FY ending 3/2018 ¥43 Could not be retrieved 74.8% Stock split or share consolidation noted

Shinwa

Dividends per share over time

Unit yenSource Annual securities reports

43 29 14 0 4 years ago 3 years ago 2 years ago Last year This year Dividend per share yen

Shareholder composition

As of 2026-03-31Disclosed

Share ownership by holder category

12,376 Shareholders
6.53% Foreign holders (total) Industry median 6.02%
74.68% Individuals and others Industry median 51.33%

Shinwa

Unit %Source Annual securities reports

  • Financial institutions1.33%
  • Securities firms3.96%
  • Other corporations13.50%
  • Foreign holders (institutions)6.35%
  • Foreign holders (individuals)0.18%
  • Individuals and others74.68%

Major shareholders

RankShareholderShareholding ratioShares held
1 アルインコ株式会社 5.08% 689,400
2 阪和興業株式会社 5.08% 689,400
3 鬼頭 和也 1.87% 253,675
4 大和証券株式会社 1.12% 153,000
5 中山通商株式会社 1.01% 137,900
6 BNY GCM CLIENT ACCOUNT JPRD AC ISG(FE-AC) (常任代理人 株式会社三菱UFJ銀行) 0.92% 126,092
7 新海 秀治 0.9% 122,900
8 モルガン・スタンレーMUFG証券株式会社 0.87% 118,838
9 平野 真一 0.8% 109,614
10 則武 栗夫 0.79% 108,415

Research and development expenses and capital expenditure

Source: R&D and capital expenditure sections, annual securities reports · 2 years (2021 to 2026)Disclosed

¥14.00 million Research and development 0.1% of revenue (industry median 1.2%)
¥1.2 billion Capital expenditure 5.9% of revenue (industry median 3.7%)
Fiscal year Research and development Capital expenditure
FY ending 3/2026 ¥14.00 million ¥1.2 billion
FY ending 3/2021 ¥4.00 million ¥0.2 billion

Revenue scale in the same industry

Shinwa

Source Annual securities reports of each company

Metal Products: 88 companies · revenue · largest first・FY Mar 2026・consolidated (parent-only where no consolidated figures)・Disclosed

Workforce information

Source: Annual Securities Report (Apr 2025 to Mar 2026)Parent-onlyDisclosed

145 Employees (parent only) Industry median 331
42.2 Average age Industry median 42.8
10.2 years Average length of service Industry median 16.3 years
¥5.60 million Average annual salary Industry median ¥6.33 million
People and organisation
56.3¥ million Sales per employee Industry median 37.5¥ million FY ending 3/2026 · consolidated / calculated
¥6.95 million Operating income per employee
7.3% Women in managerial positions
9.5% Share of female employees
14.2% Men taking childcare leave
Men 9.5 yrs
Women 9.4 yrs Average length of service by gender
1 / 53 Female managers
1 / 8 Female officers
167 Average temporary staff

Administrative filings and published information

Workplace information filings

Filed 2026-08-27Disclosed

ItemValue
Employees 155
Average monthly overtime (statutory overtime plus work on statutory days off)
Scope: 正社員		 6 hours
Annual paid leave taken (all employees) 75%
Childcare leave taken, men
Scope: 対象とする労働者すべて		 0%
Childcare leave taken, women
Scope: 対象とする労働者すべて		 100%
Share of managers who are women 1.9%
Share of board members who are women 12.5%

Audit and disclosure information

Annual securities report, year ended 2026-03-31Disclosed

ItemValue
Audit firm 有限責任あずさ監査法人
Audit fees (this year, total) ¥60.50 million
Non-audit fees (this year, total) Not applicable
Going concern note Cannot be determined
Accounting standard IFRS

See the book series →

Sources and methodology

Retrieved disclosed figures

Accounts and values from the annual securities report, by section

Major management indicators (5 years) (28 items)

ItemValueConsolidated / Non-consolidated
Net cash provided by (used in) operating activities (IFRS) ¥2.3 billion Consolidated
Basic earnings (loss) per share (IFRS) 126.24 yen Consolidated
Revenue (IFRS) ¥20.1 billion Consolidated
Profit (loss) attributable to owners of parent (IFRS) ¥1.7 billion Consolidated
Comprehensive income (IFRS) ¥1.8 billion Consolidated
Net cash provided by (used in) investing activities (IFRS) ¥-1.2 billion Consolidated
Cash and cash equivalents (IFRS) ¥3.0 billion Consolidated
Profit (loss) before tax (IFRS) ¥2.3 billion Consolidated
Total assets (IFRS) ¥32.0 billion Consolidated
Equity attributable to owners of parent (IFRS) ¥16.9 billion Consolidated
Return on equity attributable to owners of parent (IFRS) 10.5% Consolidated
Ratio of equity attributable to owners of parent (IFRS) 52.9% Consolidated
Net cash provided by (used in) financing activities (IFRS) ¥-1.1 billion Consolidated
Equity attributable to owners of parent per share (IFRS) 1,247.22 yen Consolidated
Dividend per share 34 yen Parent only
Net sales ¥14.6 billion Parent only
Net income (loss) ¥0.4 billion Parent only
Total number of issued shares (common stock) 14,103,000 shares Parent only
Net assets ¥9.9 billion Parent only
Ordinary income (loss) ¥0.9 billion Parent only
Total assets ¥22.0 billion Parent only
Return on equity 4.2% Parent only
Equity-to-asset ratio 45.1% Parent only
Capital stock ¥0.2 billion Parent only
Payout ratio 108.3% Parent only
Interim dividend per share 16 yen Parent only
Basic earnings (loss) per share 31.38 yen Parent only
Net assets per share 732.14 yen Parent only

Accounts unique to this company (20 items)

ItemValueConsolidated / Non-consolidated
Revenue ¥2.5 billion Consolidated
Revenue ¥-0.5 billion Consolidated
Revenue ¥27.38 million Consolidated
Revenue ¥-1.27 million Consolidated
Revenue ¥-0.8 billion Consolidated
Revenue ¥9.77 million Consolidated
Revenue ¥-19.06 million Consolidated
Revenue ¥-21.12 million Consolidated
Revenue ¥-2.63 million Consolidated
Revenue ¥3.5 billion Consolidated
Revenue ¥-1.9 billion Consolidated
Revenue ¥1.6 billion Consolidated
Revenue ¥-0.7 billion Consolidated
Revenue ¥9.6 billion Consolidated
Revenue ¥0.2 billion Consolidated
Revenue ¥11.91 million Consolidated
Change in average annual salary from the previous year 0.4% Parent only
Revenue ¥1.6 billion Parent only
Revenue ¥61.55 million Parent only
Revenue ¥68.90 million Parent only

Employees (8 items)

ItemValueConsolidated / Non-consolidated
Number of employees 358 people Consolidated
Number of employees 358 people Consolidated
Average length of service (years) 10.2 years Parent only
Average annual salary ¥5.60 million Parent only
Average age (years) 42.2 years old Parent only
Number of employees 145 people Parent only
Number of employees 145 people Parent only
Number of employees 145 people Parent only

Other disclosed items (8 items)

ItemValueConsolidated / Non-consolidated
Average number of temporary employees 167 people Consolidated
Average number of temporary employees 167 people Consolidated
Rate of male employees taking childcare leave (all employees) 14.2% Parent only
Average number of temporary employees 23 people Parent only
Average number of temporary employees 23 people Parent only
Average number of temporary employees 23 people Parent only
Total return on the share price index 202.2% Parent only
Ratio of female employees in managerial positions 7.3% Parent only

Shares (12 items)

ItemValueConsolidated / Non-consolidated
Number of shares held 2,509,234 shares Consolidated
Total number of shares held treasury shares etc 544,100 shares Consolidated
Number of issues whose number of shares increased shares other than those not listed investment shares held for purposes other than pure investment reporting company 2 issues Consolidated
Total acquisition cost for increased shares shares other than those not listed investment shares held for purposes other than pure investment reporting company ¥14.79 million Consolidated
Number of shares 14,103,000 shares Consolidated
Shareholding ratio treasury shares etc 3.9% Consolidated
Shareholding ratio 18.5% Consolidated
Number of shares held in own name treasury shares etc 544,100 shares Consolidated
Number of voting rights 135,343 units Consolidated
Carrying amount on the balance sheet ¥0.1 billion Consolidated
Number of issues 2 issues Consolidated
Total shareholder return 134.5% Parent only

Research and development (1 items)

ItemValueConsolidated / Non-consolidated
Research and development expenses ¥14.00 million Consolidated

Property and facilities (1 items)

ItemValueConsolidated / Non-consolidated
Capital expenditures ¥1.2 billion Consolidated

Audit (2 items)

ItemValueConsolidated / Non-consolidated
Fees for audit and attestation services - reporting company ¥60.50 million Consolidated
Fees for audit and attestation services - total ¥60.50 million Consolidated

Balance sheet (147 items)

ItemValueConsolidated / Non-consolidated
Other ¥0.1 billion Consolidated
Other ¥0.1 billion Consolidated
Other ¥-3.15 million Consolidated
Other ¥43.38 million Consolidated
Other ¥40.23 million Consolidated
Other current liabilities clifrs ¥0.4 billion Consolidated
Other current assets caifrs ¥0.2 billion Consolidated
Other components of equity IFRS ¥63.86 million Consolidated
Other financial liabilities ¥0.2 billion Consolidated
Other financial liabilities ¥0.9 billion Consolidated
Other financial assets ¥0.1 billion Consolidated
Other financial assets ¥0.8 billion Consolidated
Other non current liabilities nclifrs ¥0.1 billion Consolidated
Other non current assets ncaifrs ¥31.44 million Consolidated
Goodwill ¥12.3 billion Consolidated
Goodwill IFRS ¥12.3 billion Consolidated
Goodwill IFRS ¥12.3 billion Consolidated
Software ¥-0.3 billion Consolidated
Software ¥0.3 billion Consolidated
Software IFRS ¥84.87 million Consolidated
Work in process ¥0.4 billion Consolidated
Right-of-use assets, Acquisition cost (IFRS) ¥1.6 billion Consolidated
Right-of-use assets, Accumulated depreciation and impairment losses (IFRS) ¥-0.5 billion Consolidated
Right of use assets IFRS ¥1.1 billion Consolidated
Right of use assets IFRS ¥1.1 billion Consolidated
Borrowings ¥5.0 billion Consolidated
Borrowings ¥5.6 billion Consolidated
Retained earnings IFRS ¥10.2 billion Consolidated
Raw materials and supplies ¥0.6 billion Consolidated
Merchandise and finished goods ¥2.1 billion Consolidated
Trademarks acquisition cost IFRS ¥1.2 billion Consolidated
Trademarks IFRS ¥1.2 billion Consolidated
Trade and other payables clifrs ¥1.6 billion Consolidated
Trade and other receivables caifrs ¥3.3 billion Consolidated
Land ¥3.0 billion Consolidated
Land IFRS ¥3.0 billion Consolidated
Tools, furniture and fixtures ¥1.7 billion Consolidated
Tools, furniture and fixtures ¥-1.0 billion Consolidated
Tools, furniture and fixtures ¥0.6 billion Consolidated
Buildings and structures ¥2.7 billion Consolidated
Buildings and structures ¥-1.6 billion Consolidated
Buildings and structures IFRS ¥1.0 billion Consolidated
Provisions nclifrs ¥0.1 billion Consolidated
Property, plant and equipment ¥11.9 billion Consolidated
Property, plant and equipment ¥-5.3 billion Consolidated
Property plant and equipment IFRS ¥6.6 billion Consolidated
Property plant and equipment IFRS ¥6.6 billion Consolidated
Income taxes payable ¥0.4 billion Consolidated
Inventories ¥3.1 billion Consolidated
Inventories ¥3.1 billion Consolidated
Machinery, equipment and vehicles ¥0.9 billion Consolidated
Machinery, equipment and vehicles ¥-0.8 billion Consolidated
Machinery and vehicles IFRS ¥0.2 billion Consolidated
Total current liabilities IFRS ¥7.6 billion Consolidated
Current assets IFRS ¥9.7 billion Consolidated
Intangible assets accumulated amortization and impairment losses IFRS ¥-0.3 billion Consolidated
Intangible assets acquisition cost IFRS ¥1.7 billion Consolidated
Intangible assets IFRS ¥1.4 billion Consolidated
Intangible assets IFRS ¥1.4 billion Consolidated
Cash and cash equivalents (IFRS) ¥3.0 billion Consolidated
Cash and cash equivalents (IFRS) ¥3.0 billion Consolidated
Bonds payable ¥8.36 million Consolidated
Bonds payable ¥33.60 million Consolidated
Net assets ¥16.9 billion Consolidated
Net assets ¥16.9 billion Consolidated
Total assets ¥32.0 billion Consolidated
Deferred tax liabilities IFRS ¥0.6 billion Consolidated
Deferred tax assets IFRS ¥82.81 million Consolidated
Treasury shares IFRS ¥-0.4 billion Consolidated
Equity attributable to owners of parent (IFRS) ¥16.9 billion Consolidated
Liabilities and equity IFRS ¥32.0 billion Consolidated
Liabilities IFRS ¥15.1 billion Consolidated
Capital surplus IFRS ¥6.9 billion Consolidated
Share capital IFRS ¥0.2 billion Consolidated
Non current labilities IFRS ¥7.5 billion Consolidated
Non current assets IFRS ¥22.3 billion Consolidated
Customer relationship ¥-58.80 million Consolidated
Customer relationship ¥0.1 billion Consolidated
Customer related assets IFRS ¥79.20 million Consolidated
Other ¥3.90 million Parent only
Other ¥50.91 million Parent only
Other ¥46.19 million Parent only
Other ¥0.3 billion Parent only
Other ¥31.44 million Parent only
Valuation difference on available-for-sale securities ¥27.94 million Parent only
Other capital surplus ¥6.7 billion Parent only
Goodwill ¥4.0 billion Parent only
Software ¥80.05 million Parent only
Lease obligations ¥48.09 million Parent only
Lease obligations ¥20.84 million Parent only
Lease assets, net ¥61.81 million Parent only
Work in process ¥0.4 billion Parent only
Retained earnings ¥3.4 billion Parent only
Legal retained earnings ¥25.00 million Parent only
Prepaid expenses ¥44.56 million Parent only
Raw materials and supplies ¥0.6 billion Parent only
Notes receivable - trade ¥20.36 million Parent only
Merchandise and finished goods ¥2.1 billion Parent only
Right of trademark ¥0.5 billion Parent only
Non-current liabilities ¥5.7 billion Parent only
Non-current assets ¥14.2 billion Parent only
Land ¥2.3 billion Parent only
Accounts receivable - trade ¥1.9 billion Parent only
Tools, furniture and fixtures ¥67.15 million Parent only
Buildings, net ¥0.6 billion Parent only
Construction in progress ¥70.57 million Parent only
Investments and other assets ¥4.5 billion Parent only
Investment securities ¥0.1 billion Parent only
Property, plant and equipment ¥5.0 billion Parent only
Accounts receivable - other ¥59.55 million Parent only
Income taxes payable ¥0.3 billion Parent only
Accrued expenses ¥69.53 million Parent only
Accounts payable - other ¥0.1 billion Parent only
Shareholders' equity ¥9.9 billion Parent only
Structures, net ¥0.2 billion Parent only
Machinery and equipment, net ¥84.12 million Parent only
Current liabilities ¥6.4 billion Parent only
Current assets ¥7.8 billion Parent only
Intangible assets ¥4.7 billion Parent only
Cash and deposits ¥2.2 billion Parent only
Short-term loans payable ¥3.6 billion Parent only
Claims provable in bankruptcy claims provable in rehabilitation and other ¥0 Parent only
Net assets ¥9.9 billion Parent only
Net assets ¥9.9 billion Parent only
Total assets ¥22.0 billion Parent only
Deferred tax liabilities ¥90.02 million Parent only
Retained earnings brought forward ¥3.3 billion Parent only
Treasury stock ¥-0.4 billion Parent only
Valuation and translation adjustments ¥27.94 million Parent only
Liabilities ¥12.1 billion Parent only
Liabilities and net assets ¥22.0 billion Parent only
Accounts payable - trade ¥0.7 billion Parent only
Allowance for doubtful accounts ¥-20.27 million Parent only
Allowance for doubtful accounts ¥-1.54 million Parent only
Capital surplus ¥6.8 billion Parent only
Legal capital surplus ¥53.58 million Parent only
Capital stock ¥0.2 billion Parent only
Asset retirement obligations ¥54.43 million Parent only
Provision for bonuses ¥73.06 million Parent only
Vehicles, net ¥11.47 million Parent only
Long-term loans payable ¥5.5 billion Parent only
Long-term prepaid expenses ¥9.68 million Parent only
Long-term accounts receivable-other ¥15.84 million Parent only
Investments in capital of subsidiaries and affiliates ¥0.25 million Parent only
Shares of subsidiaries and associates ¥4.4 billion Parent only
Electronically recorded monetary claims - operating ¥0.2 billion Parent only
Current portion of long-term loans payable ¥1.5 billion Parent only

Statement of income (98 items)

ItemValueConsolidated / Non-consolidated
Other ¥65.93 million Consolidated
Other ¥-26.74 million Consolidated
Other ¥1.5 billion Consolidated
Other ¥20.88 million Consolidated
Net change in fair value of equity instruments designated as measured at fair value through other comprehensive income net of tax items that will not be reclassified to profit or loss ociifrs ¥63.51 million Consolidated
Other comprehensive income IFRS ¥43.21 million Consolidated
Other comprehensive income IFRS ¥43.21 million Consolidated
Other income IFRS ¥0.5 billion Consolidated
Other income IFRS ¥0.5 billion Consolidated
Other expenses IFRS ¥0.3 billion Consolidated
Other expenses IFRS ¥0.3 billion Consolidated
Lease obligations ¥17.39 million Consolidated
Change by business combination ¥12.02 million Consolidated
Financial liabilities measured at amortized cost ¥0.2 billion Consolidated
Financial assets measured at amortized cost ¥11.65 million Consolidated
Operating income ¥2.5 billion Consolidated
Net cash provided by (used in) operating activities ¥2.3 billion Consolidated
Loss on disposal of fixed assets IFRS ¥27.07 million Consolidated
Gain on sale of fixed assets IFRS ¥1.58 million Consolidated
Exchange differences on translation of foreign operations net of tax items that may be reclassified to profit or loss ociifrs ¥-20.30 million Consolidated
Basic earnings loss per share IFRS 126.24 yen Consolidated
Cost of sales ¥17.9 billion Consolidated
Cost of sales IFRS ¥14.7 billion Consolidated
Gross profit IFRS ¥5.4 billion Consolidated
Net sales ¥20.1 billion Consolidated
Outsourcing expenses ¥4.2 billion Consolidated
Profit loss IFRS ¥1.7 billion Consolidated
Profit loss IFRS ¥1.7 billion Consolidated
Profit loss IFRS ¥1.7 billion Consolidated
Profit loss IFRS ¥1.7 billion Consolidated
Comprehensive income (IFRS) ¥1.8 billion Consolidated
Comprehensive income (IFRS) ¥1.8 billion Consolidated
Comprehensive income (IFRS) ¥1.8 billion Consolidated
Net income ¥1.7 billion Consolidated
Employee benefit expenses operating expenses IFRS ¥2.5 billion Consolidated
Total transactions with owners IFRS ¥-0.7 billion Consolidated
Net cash provided by (used in) investing activities (IFRS) ¥-1.2 billion Consolidated
Commission fees ¥12.27 million Consolidated
Income tax expense IFRS ¥0.6 billion Consolidated
Depreciation and amortization ¥0.8 billion Consolidated
Foreign exchange loss IFRS ¥0 Consolidated
Net increase decrease in cash and cash equivalents IFRS ¥48.51 million Consolidated
Effect of exchange rate changes on cash and cash equivalents IFRS ¥0.93 million Consolidated
Total of items that will not be reclassified to profit or loss ociifrs ¥63.51 million Consolidated
Total of items that may be reclassified to profit or loss ociifrs ¥-20.30 million Consolidated
Profit loss before tax IFRS ¥2.3 billion Consolidated
Profit loss before tax IFRS ¥2.3 billion Consolidated
Disposal of treasury stock ¥25.33 million Consolidated
Purchase of treasury stock ¥-0.3 billion Consolidated
Comprehensive income attributable to owners of parent IFRS ¥1.8 billion Consolidated
Gain on bargain purchase IFRS ¥0.5 billion Consolidated
Net cash provided by (used in) financing activities (IFRS) ¥-1.1 billion Consolidated
Selling general and administrative expenses IFRS ¥3.2 billion Consolidated
Change in scope of consolidation ssifrs ¥7.58 million Consolidated
Dividendsofsurplus ¥-0.4 billion Consolidated
Finance income IFRS ¥23.57 million Consolidated
Finance income IFRS ¥23.57 million Consolidated
Finance costs IFRS ¥0.2 billion Consolidated
Finance costs IFRS ¥0.2 billion Consolidated
Profit loss attributable to non controlling interests IFRS ¥-2.63 million Consolidated
Comprehensive income attributable to non controlling interests IFRS ¥-12.59 million Consolidated
Other ¥10.51 million Parent only
Other ¥2.89 million Parent only
Other ¥1.1 billion Parent only
Amortization of goodwill ¥0.5 billion Parent only
Purchase discounts ¥9.40 million Parent only
Dividends from surplus ¥-0.4 billion Parent only
Interest and dividend income ¥13.54 million Parent only
Operating income ¥0.9 billion Parent only
Non-operating income ¥0.1 billion Parent only
Non-operating expenses ¥0.1 billion Parent only
Loss on disposal of noncurrent assets ¥3.16 million Parent only
Gain on sales of non-current assets ¥1.24 million Parent only
Cost of sales ¥10.8 billion Parent only
Gross profit (loss) ¥3.7 billion Parent only
Net sales ¥14.6 billion Parent only
Loss on liquidation of subsidiaries ¥6.68 million Parent only
Net income (loss) ¥0.4 billion Parent only
Net income (loss) ¥0.4 billion Parent only
Interest expenses ¥0.1 billion Parent only
Commission fees ¥20.84 million Parent only
Share-based payment expenses ¥24.17 million Parent only
Income taxes - current ¥0.4 billion Parent only
Income taxes ¥0.4 billion Parent only
Income taxes - deferred ¥0.42 million Parent only
Depreciation ¥0.1 billion Parent only
Extraordinary income ¥1.24 million Parent only
Extraordinary loss ¥9.84 million Parent only
Shipping expense ¥0.4 billion Parent only
Income (loss) before income taxes ¥0.8 billion Parent only
Ordinary income ¥0.9 billion Parent only
Salaries and allowances ¥0.6 billion Parent only
Disposal of treasury stock ¥25.33 million Parent only
Purchase of treasury stock ¥-0.3 billion Parent only
Selling, general and administrative expenses ¥2.8 billion Parent only
Provision of allowance for doubtful accounts ¥-19.85 million Parent only
Provision for bonuses ¥6.53 million Parent only
Retirement benefit expenses ¥30.08 million Parent only

Statement of cash flows (26 items)

ItemValueConsolidated / Non-consolidated
Other ¥39.20 million Consolidated
Other ¥-22.74 million Consolidated
Other ¥-0.1 billion Consolidated
Repayments of lease obligations ¥-0.2 billion Consolidated
Interest paid ope cfifrs ¥-0.2 billion Consolidated
Interest and dividends received ope cfifrs ¥23.57 million Consolidated
Increase (decrease) in trade and other payables ¥-0.8 billion Consolidated
Decrease (increase) in trade and other receivables ¥1.4 billion Consolidated
Loss (gain) on sales of fixed assets ¥-1.58 million Consolidated
Proceeds from withdrawal of time deposits inv cfifrs ¥0.7 billion Consolidated
Subtotal ¥2.7 billion Consolidated
Purchase of property plant and equipment inv cfifrs ¥-1.1 billion Consolidated
Proceeds from sale of property plant and equipment inv cfifrs ¥1.65 million Consolidated
Share-based payment expenses ¥24.17 million Consolidated
Decrease (increase) in inventories ¥-0.7 billion Consolidated
Income taxes paid ope cfifrs ¥-0.3 billion Consolidated
Income taxes refund ope cfifrs ¥38.06 million Consolidated
Depreciation and amortization ¥0.8 billion Consolidated
Purchase of intangible assets inv cfifrs ¥-11.50 million Consolidated
Proceeds from short term borrowings fin cfifrs ¥15.6 billion Consolidated
Repayments of short term borrowings fin cfifrs ¥-15.5 billion Consolidated
Regarding purchase of treasury stock ¥-0.3 billion Consolidated
Dividends ¥-0.4 billion Consolidated
Finance income and expenses, net ¥0.2 billion Consolidated
Proceeds from long term borrowings fin cfifrs ¥1.8 billion Consolidated
Repayments of long term borrowings fin cfifrs ¥-2.0 billion Consolidated

Statement of changes in equity (2 items)

ItemValueConsolidated / Non-consolidated
Total changes during the period ¥-0.3 billion Parent only
Net changes in items other than shareholders' equity ¥22.99 million Parent only
Basic indicators
ItemValueConsolidated / Non-consolidatedSource
Net cash provided by (used in) operating activities ¥2.3 billion ConsolidatedDisclosed
Dividend per share 34 Parent onlyDisclosed
Number of employees 358 ConsolidatedDisclosed
Net assets ¥16.9 billion ConsolidatedDisclosed
Net sales ¥20.1 billion ConsolidatedDisclosed
Operating income ¥2.5 billion ConsolidatedDisclosed
Ordinary income ¥0.9 billion Parent onlyDisclosed
Net income ¥1.7 billion ConsolidatedDisclosed
Total assets ¥32.0 billion ConsolidatedDisclosed
Operating margin 12.4%ConsolidatedCalculated
Net margin 8.5%ConsolidatedCalculated
Sales per employee 56253151 yenConsolidatedCalculated
Total asset turnover 0.63 timesConsolidatedCalculated
Net assets to total assets 52.9%ConsolidatedCalculated
How to read the figures, and caveats

Terms

  • Consolidated: the parent company together with the subsidiaries it consolidates
  • Parent-only: the single company that filed the annual securities report
  • Calculated: a disclosed figure put through the formula shown
  • Not disclosed: no such value in the filing (not treated as zero)
  • Not retrieved: a value this page could not extract, including values in the filing that could not be matched. The same item may appear in another table
  • Segment: a business division the company uses in its disclosures
  • Industry median: the middle value among companies in the same industry that disclose the item
  • ★: position when every company is lined up by value (not a judgement of the company)See the formulas
  • Source: document name, period covered, filing date and where it was obtained
  • Tables scroll sideways

Key figures

  • Operating margin 12.4%　Operating income ÷ net sales 　＝ ¥2.5 billion ÷ ¥20.1 billion
    Operating income ÷ net sales. The denominator is Net sales (Consolidated, IFRS).
  • Net margin 8.5%　Net income ÷ net sales 　＝ ¥1.7 billion ÷ ¥20.1 billion
    Net income ÷ net sales. The denominator is Net sales (Consolidated, IFRS).
  • Sales per employee 56,253,151 yen　Sales or operating revenue ÷ employees 　＝ ¥20.1 billion ÷ 358 people
    Sales or operating revenue ÷ employees. The denominator is Number of employees (Consolidated, Japanese GAAP).
  • Total asset turnover 0.63 times　Sales or operating revenue ÷ total assets 　＝ ¥20.1 billion ÷ ¥32.0 billion
    Sales or operating revenue ÷ total assets. The denominator is Total assets (Consolidated, IFRS).
  • Net assets to total assets 52.9%　Net assets ÷ total assets 　＝ ¥16.9 billion ÷ ¥32.0 billion
    Net assets ÷ total assets. The denominator is Total assets (Consolidated, IFRS).

Company details

  • Representative　President, Representative Director, gBizINFO
  • Date of incorporation　gBizINFO · 12 years since incorporation

Business activities and revenue composition

  • Breakdown by business: machine transcription of segment information (business divisions used in disclosures) in the annual securities report. No table where segment sales differ from the disclosed total by more than 1%, or where the company reports a single business

Amounts by account

  • Totals and their component lines together; consolidated and parent-only figures mixed (right-hand column)

Selling, general and administrative expenses

  • Breakdown of selling, general and administrative expenses (costs of selling and running the company). Cost of sales not included
  • Each item: already inside the SG&A total (not added to it)

Finance

  • Net assets to total assets　Net assets ÷ total assets
  • Return on assets (ROA)　Net income ÷ total assets (consolidated)
  • Net assets per share　Parent only
  • Free cash flow　Free cash flow: operating cash flow (cash generated by the business) plus investing cash flow (asset purchases, disposals and other investments), consolidated
  • Total assets　Consolidated
  • Goodwill (the part of the acquisition price above the net assets acquired)　73% of net assets (consolidated)

Capital allocation

  • ★: position when all companies are sorted by value and cut into fifths (a position, not a rating). The five items with ★: only where both numerator and denominator are available on a consolidated basisSee the formulas
  • Cash conversion　Net cash provided by (used in) operating activities ÷ operating income
  • Increase in working capital　(increase in trade receivables + increase in inventories) ÷ net sales (or operating revenue)。Trade receivables down ¥1.4 billion + inventories up ¥0.7 billion, over net sales ¥20.1 billion
  • Property, plant and equipment purchases relative to depreciation　Purchase of property, plant and equipment ÷ depreciation。Purchase of property, plant and equipment ¥1.1 billion, over depreciation ¥0.8 billion
  • Return to shareholders　(dividends paid + purchase of treasury stock) ÷ net cash provided by operating activities。Dividends paid ¥0.4 billion + purchase of treasury stock ¥0.3 billion, over operating cash flow ¥2.3 billion

Long-term changes in performance

  • Revenue　Disclosed value for 2026 ÷ disclosed value for 2017

Year-on-year comparison

  • Year on year: calculated only where the item, reporting range and accounting standard match and the periods are consecutive
  • Comparison basis not confirmed: periods with a change of accounting standard or reporting range, a moved fiscal year end, or an unconfirmed period
  • ◆: a period where revenue moved 20% or more from the prior year, profit as a share of revenue moved 2.0 percentage points or more, or profit or loss changed sign. Item used named in the table and list. Not a ranking of companies

Earnings and net assets per share over time

  • Earnings per share = net profit ÷ shares; net assets per share = net assets ÷ shares. Disclosed values from the key financial indicators of the annual securities report. No share prices used

Dividend history

  • Payout ratio: dividends as a proportion of net profit. Dividend amounts and payout ratios: the reporting company’s parent-only disclosed values (as written in the annual securities report, not recalculated from consolidated profit). Consecutive increases: years in a row, from the latest backwards, in which the annual dividend per share rose. Consecutive years with a dividend: years in a row with an annual dividend per share above zero. Both this site’s own count (not the criteria of any published index). A year with no disclosure not read as zero; counting stops there. Range limited to the years listed above. Flagged 1 years: a note about a stock split or share consolidation, or a period other than 12 months. No calculation across those years, as the dividend per share may rest on a different share base.

Share ownership by holder category

  • Source: ownership table, annual securities report. Percentages as disclosed, calculated on trading units (some companies do not total exactly 100%). Foreign holders (total): institutions and individuals combined. “Individuals and others”: a register category (not necessarily the share actually held by individuals). Industry median: the middle value among companies in Metal Products that disclose the item (industries with at least 5 companies only).

Major shareholders

  • Source: major shareholders table, annual securities report. Trust bank holdings as written (whose trust is not disclosed)

Research and development expenses and capital expenditure

  • Research and development: total in the R&D section of the annual securities report. Capital expenditure: this year’s actual spending in the capital expenditure overview (not a plan). Years: only those available in the annual securities reports on hand (one to four per company); no row for other years. Share of revenue: divided by consolidated revenue in the same annual securities report. Industry median: the middle value among companies in Metal Products that disclose the item (industries with at least 5 companies only).

Revenue scale in the same industry

  • Revenue (disclosed values) of companies in the same industry, using the same grouping as the industry pages. Only the top three and the two companies either side of this one. Bar length relative to the largest company (100). An order of size, not a ranking of quality

Workforce information

  • All four: the reporting company (parent-only), as disclosed in the employee section of the annual securities report. Employees across the consolidated group: 358 (a different scope, kept apart from the four above). Industry median: the middle value among companies in Metal Products that disclose the item (industries with at least 5 companies only).

People and organisation

  • Sales per employee　Net sales (or operating revenue) ÷ employees
  • Operating income per employee　Operating income ÷ employees
  • Women in managerial positions　Reporting company (parent only)
  • Share of female employees　gBizINFO, covering 正社員
  • Men taking childcare leave　Reporting company (parent only)
  • Average length of service by gender　gBizINFO, covering 正社員
  • Female managers　gBizINFO: 1 women among 53 managers
  • Female officers　gBizINFO: 1 women among 8 officers
  • Average temporary staff　Consolidated, average headcount other than regular employees

Workplace information filings

  • Source: processed from Shokuba-labo, the workplace information site of the Ministry of Health, Labour and Welfare. Items the company filed only Shokuba-labo

Audit and disclosure information

  • Whether there is a going concern note (the accounting assumption that a company will continue operating), and audit information
  • Audit firm, audit fees, going concern note and accounting standard: facts written in the latest annual securities report and the audit report filed with it (not a judgement of the company). Going concern note: “note” when the note text is present, “not applicable” when the report states nothing to report, “cannot be determined” when neither appears. Note text not reproduced. Amended filings not shown (annual securities reports only)

Data sources and calculation methods

Primary source: the annual securities report of Shinwa Co., Ltd. on EDINET, the FSA’s disclosure system (free to read)
Corporate number: 9010001162433 / Accounting standard: IFRS

  • Amounts: machine transcription of EDINET XBRL (no manual re-keying). Long narrative notes are text and not in the account list. Identifiers: machine transcription of the EDINET code list (retrieved 2026-08-22)
  • ★: position of the value calculated from disclosed figures among the 4,240 companies on this site, on a five-step scale. Not a judgement of the company. No forecasts usedThe formulas and how they are counted
  • No rank: net assets as a share of total assets, cash conversion and revenue per employee (size alone does not show quality). Industry median shown for comparison. Cash conversion of 100%: operating cash flow equal to operating profit
  • Profit-and-loss chart: only where “sales − cost of sales − SG&A = operating income” holds between disclosed values. Cost breakdown: the six largest SG&A items
  • Trend charts: key financial indicators of the annual securities report. Amounts in billions of yen (dividend per share in yen). Long-run chart joins reports filed in different years (newer report for overlapping years). Some items stop part-way after a change of accounting standard. A stock split changes the weight of one share. Consolidated and parent-only in separate tables
  • Revenue scale in the same industry: bars of revenue (disclosed values) of companies in the same industry grouping as the industry pages, largest first. Only the top three and the two companies either side of this one. Each company’s latest fiscal year. An order of size, not a ranking of quality or an investment view
  • Share prices: not published (no data source allows redistribution). No share-price-based indicators (such as the price earnings ratio) and no extension of past growth into the future
  • Average age, average length of service and average annual salary: the reporting company alone (the parent). At a holding company, a small head-office staff. Payout ratio (basic facts): dividend per share ÷ consolidated earnings per share, calculated here (the payout ratio in the annual securities report is the reporting company’s figure, on a different basis). Representative and founding date: gBizINFO (Ministry of Economy, Trade and Industry), some companies only
  • “Retrieved disclosed figures”: every value readable as a number from the annual securities report. Company-wide values only (no segment or other breakdowns)
  • Segment table: machine transcription of the segment information in the annual securities report. Business names as labelled by the company in its XBRL. No table where segment sales differ from the disclosed total by more than 1%. Adjustments, corporate, eliminations and “other” left out of the table and the share denominator, as they are not businesses
  • Breakdowns of amounts, not diagrams of how the business works. Who pays whom, and for what, is not in the disclosed figures; no lines drawn from guesswork