Metal Products · Fiscal year end Mar 31

TOKUDEN CO.,LTD.

3437

特殊電極株式会社

FIGI BBG000PHVGS43437.T3437 JPCorp. no. 8140001050221

Latest half-year results

First half · fiscal year to 2026-03 · filed 2025-11-14

For the first half of the fiscal year to 2026-03: Revenue ¥5.3 billion (+6.8% YoY), Ordinary income ¥0.3 billion (-22.1% YoY), Net income ¥0.2 billion (-16.7% YoY).

	This period	Year on year
Revenue	¥5.3bn	+6.8%
Ordinary profit	¥315m	-22.1%
Net profit to owners	¥224m	-16.7%

From the securities report on EDINET, which states no forecast. History via /v1/companies/3437/earnings-releases.

Financials

Japan GAAP · consolidated · fiscal year to 2026-03-31

Revenue: ¥10.9bn
Net income: ¥457m
ROE: 5.9%
Equity ratio: 65.8%
Dividend / share: ¥101
Employees: 268

Revenue · ¥bn

Net income · ¥m

Fiscal year	Revenue	Net income	Total assets	Net assets	ROE	EPS	Operating CF
2026-03-31	¥10.9bn	¥0.5bn	¥11.9bn	¥7.9bn	5.9%	¥288.94	¥0.5bn
2025-03-31	¥10.5bn	¥0.5bn	¥11.9bn	¥7.7bn	6.3%	¥295.64	−¥0.1bn
2024-03-31	¥9.6bn	¥0.4bn	¥11.6bn	¥7.3bn	5.4%	¥240.1	¥0.3bn
2023-03-31	¥9.7bn	¥0.7bn	¥10.9bn	¥6.9bn	10.6%	¥440.53	¥0.1bn
2022-03-31	¥8.6bn	¥0.5bn	¥9.6bn	¥6.3bn	8.1%	¥307.4	¥0.9bn

Indicators

Computed by us from filings · fiscal year to 2026-03-31

Metric	Value	Percentile among listed companies
ROE, %	5.9	31.2
Ordinary margin	0.0551	41.3
Equity ratio, %	65.8	67.2
Revenue growth	0.0357	42.9
Net income growth	-0.0222	33.4
Operating cash flow / assets	0.0448	36.9

Policy-uncertainty measure0.65 Share of the report's text discussing policy-related uncertainty, by policy area. Proprietary text method.

Trade & tariffs 1

Ownership activity 0 filer(s) stated they may make proposals in 365 days; 1 new 5% holder(s) in 180 days; net stake change 0.00pt in 90 days; 0.2% held by other listed companies.

Results wording balance: +0.33. Proprietary text method; it describes the wording only and does not interpret context.

Interest example: if all ¥1.7bn of reported debt repriced by 50 basis points, a year's interest would rise by ¥8m, 1.6% of operating cash flow. Our arithmetic only, not a forecast: fixed-rate debt and hedges are ignored.

Via /v1/companies/3437/indicators. Descriptive figures, not a rating and not investment advice.

From other filings

As the company states them

Internal control, 2026-06-18: see filing 上記評価の結果、当事業年度末日時点において、当社の財務報告に係る内部統制は有効であると判断いたしました。 Filing

Segments, votes and tender offers

Stated in EDINET filings

Segments: Execution of Works, Welding Material, Environment Related Equipment, Other. /v1/companies/3437/segments

Latest voting result: 2026-06-19 · 剰余金処分の件 · passed. /v1/companies/3437/voting

Ownership changes

All companies →

2026-07-23

Below 5%−26.40pt

Hikari Tsushin K.K. cut holdings in TOKUDEN CO.,LTD. (3437) to 0.00% from 26.40%, below the 5% threshold.

S100YR1ZFiler profile Original filing (PDF, Japanese)
2026-07-23

Threshold

Holdings of Hikari Tsushin K.K. in TOKUDEN CO.,LTD. (3437) moved below 10% (26.40% -> 0.00%).

S100YR1ZFiler profile Original filing (PDF, Japanese)
2026-07-23

Threshold

Holdings of Hikari Tsushin K.K. in TOKUDEN CO.,LTD. (3437) moved below 20% (26.40% -> 0.00%).

S100YR1ZFiler profile Original filing (PDF, Japanese)
2026-07-17

New 5% stake

HIRAYAMA HOLDINGS Co.,Ltd. disclosed a 26.40% stake in TOKUDEN CO.,LTD. (3437), crossing the 5% reporting threshold.

S100YR52Filer profile Original filing (PDF, Japanese)
2026-07-17

Threshold

Holdings of HIRAYAMA HOLDINGS Co.,Ltd. in TOKUDEN CO.,LTD. (3437) moved above 10% (new -> 26.40%).

S100YR52Filer profile Original filing (PDF, Japanese)
2026-07-17

Threshold

Holdings of HIRAYAMA HOLDINGS Co.,Ltd. in TOKUDEN CO.,LTD. (3437) moved above 20% (new -> 26.40%).

S100YR52Filer profile Original filing (PDF, Japanese)
2025-09-26

Increase+0.84pt

Hikari Tsushin K.K. raised holdings in TOKUDEN CO.,LTD. (3437) to 26.40% from 25.56%.

S100WQJJFiler profile Original filing (PDF, Japanese)
2022-01-18

Increase+0.03pt

Hikari Tsushin K.K. raised holdings in TOKUDEN CO.,LTD. (3437) to 25.56% from 25.53%.

S100N8TQFiler profile Original filing (PDF, Japanese)
2021-12-10

Amendment+0.65pt

Hikari Tsushin K.K. filed a correction to a 5% report on TOKUDEN CO.,LTD. (3437).

S100N0ZVFiler profile Original filing (PDF, Japanese)
2021-11-29

Increase+0.65pt

Hikari Tsushin K.K. raised holdings in TOKUDEN CO.,LTD. (3437) to 25.53% from 24.88%.

S100MYILFiler profile Original filing (PDF, Japanese)

Trades by 5% holders

From the 60-day trade tables in 5% reports

Holder	Period	Net shares	Net % of shares	Avg. filed price	Range
株式会社平山ホールディングス	2026-07-15 – 2026-07-15	+422,900	+26.40pt	¥3,622	¥3,622–3,622
光通信株式会社	2022-01-11 – 2026-07-15	-134,100	−8.37pt	—	—
株式会社UH Partners 2	2025-09-19 – 2026-07-15	-156,400	−9.76pt	—	—
株式会社UH Partners 3	2021-09-21 – 2026-07-15	-107,300	−6.67pt	—	—
株式会社エスアイエル	2022-01-11 – 2026-07-15	-22,300	−1.39pt	—	—

Net shares and the average are our calculations. Prices are filed prices as stated by the filer, mostly for off-market trades; they are not market prices. Stock lending, custody transfers and option exercises are excluded from net shares. Every row via /v1/companies/3437/trades.

5% filings

Large shareholding reports on 3437

Filed	Filer	Stake	Change	Stated purpose
2026-07-23	Hikari Tsushin K.K.	0.00%	−26.40pt	—
2026-07-17	HIRAYAMA HOLDINGS Co.,Ltd.	26.40%	—	—
2026-06-05	Hikari Tsushin K.K.	26.40%	0.00pt	pure investment
2025-09-26	Hikari Tsushin K.K.	26.40%	+0.84pt	pure investment
2022-01-18	Hikari Tsushin K.K.	25.56%	+0.03pt	pure investment
2021-12-10	Hikari Tsushin K.K.	25.53%	+0.65pt	pure investment
2021-11-29	Hikari Tsushin K.K.	25.53%	+0.65pt	pure investment

Cross-shareholdings

From the annual report's status of shareholdings

Listed strategic holdings: 5 issues
Book value: ¥252m
Sold in the year: — — issues
Bought in the year: ¥6m 5 issues
Mutual, both reports: 1
Held by listed cos.: 1

Holds	Book value	Shares vs. prior year	Mutual
Resona Holdings, Inc. 8308	¥174m	0.0%	no
NIPPON STEEL CORPORATION 5401	¥36m	+436.7%	no
JFE Holdings,Inc. 5411	¥16m	+6.4%	no
Kamigumi Co., Ltd. 9364	¥15m	+4.2%	no
Shinsho Corporation 8075	¥11m	+17.1%	both reports

Held by: Shinsho Corporation 8075

Purposes, all holdings and mutual flags via /v1/companies/3437/cross-holdings. Share changes include stock splits.

Major shareholders

As of fiscal year end 2026-03-31

Shareholder	Shares	Ratio
U H P a r t n e r s 2 投資事業有限責任組合	156,400	9.88%
特殊電極従業員持株会	122,200	7.72%
光通信K K 投資事業有限責任組合	118,100	7.46%
U H P a r t n e r s 3 投資事業有限責任組合	110,100	6.95%
特殊電極取引先持株会	37,600	2.37%
individual holder	34,000	2.14%
individual holder	34,000	2.14%
individual holder	34,000	2.14%
individual holder	33,600	2.12%
individual holder	30,000	1.89%
株式会社関西みらい銀行	30,000	1.89%
株式会社みなと銀行	30,000	1.89%

Get this as JSON

GET /v1/companies/3437
GET /v1/companies/3437/financials
GET /v1/companies/3437/details
GET /v1/companies/3437/segments
GET /v1/companies/3437/voting
GET /v1/companies/3437/tender-offers
GET /v1/companies/3437/indicators
GET /v1/companies/3437/earnings-releases
GET /v1/events?ticker=3437
GET /v1/companies/3437/trades         
GET /v1/companies/3437/cross-holdings 
GET /v1/companies/3437/brief

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