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Ichikawa Co., Ltd.

Ichikawa Co., Ltd.

3513.T
Ichikawa Co., Ltd.JP flagTokyo Stock Exchange
2,960.00
JPY
- -
- -
12.45BMarket Cap
Ichikawa Co., Ltd.
3513.T
(Tokyo Stock Exchange)

Recent

price

2,960.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
2,064.84
2,281.82
2,153.37
2,190.83
2,323.58
2,625.24
2,524.97
2,460.06
2,611.96
2,599.94
2,589.01
2,535.82
2,699.37
2,914.74
3,040.46
3,237.24
1,542.73
Revenue per Share
-464.38
17.93
113.09
82.58
137.75
135.24
76.46
49.59
72.51
77.03
77.68
80.8
114.27
181.95
227.54
181.51
98.61
Basic EPS, GAAP
-320.88
394.08
191.84
174.81
355.64
119.52
11.32
139.53
287.23
319.02
-57.49
76.16
244.92
326.34
319.18
75.9
- -
Free Cash Flow per Basic Share
15.13
20.09
20.09
34.99
39.85
42.32
60.02
59.9
59.91
60.48
62.92
61.13
60.96
60.94
77.78
77.99
- -
Dividend per Share
2,797.53
2,795.93
2,889.21
2,937.08
3,035.56
3,162.88
3,196.86
2,440.39
3,209.23
3,226.33
3,339.39
3,388.23
3,415.77
3,535.74
3,769.12
4,017.36
3,913.44
Book Value per Share
3,030.3
2,987.97
3,095.48
3,226.66
3,368.21
3,809.51
3,666.4
3,788.65
3,898.86
3,836.14
3,811.47
4,015.74
4,081.06
4,246.08
4,744.98
5,103.87
4,775.52
Tangible Book Value per Share
5
5
5
5
5
5
5
5
5
5
5
5
5
5
4
4
4
Basic Weighted Avg Shares
11,082
12,244
11,554
11,753
12,462
12,591
12,043
11,696
12,417
12,358
11,946
11,599
12,355
13,344
13,603
13,947
6,743
Sales/Revenue/Turnover
-5.92
5.38
6
6.19
7.69
7.02
3.96
3.1
4.77
3.93
3.51
2.79
4.3
6
8.2
7.69
6.91
Operating Margin (%)
1,392
1,527
1,494
1,305
1,168
1,164
1,225
1,271
1,235
1,206
1,102
990
1,023
1,005
1,014
973
- -
Depreciation Expense
-2,492
96
607
443
739
649
365
236
345
366
358
370
523
833
1,018
782
431
Net Income, GAAP
- -
- -
- -
13.97
17.07
25.02
27.95
38.26
45.23
37.91
36.35
34.84
28.9
20.19
12.65
35
34.67
Effective Tax Rate (%)
-22.49
0.79
5.25
3.77
5.93
5.15
3.03
2.02
2.78
2.96
3
3.19
4.23
6.24
7.48
5.61
6.39
Profit Margin (%)
3,860
5,970
6,942
7,485
8,429
7,637
6,978
7,351
8,344
9,079
8,463
8,594
9,294
10,654
11,487
11,566
11,482
Working Capital
2,618
3,388
2,849
2,227
1,757
1,399
558
71
73
151
142
103
57
29
17
42
55
LT Debt
16,478
16,196
16,706
17,357
18,100
18,394
17,602
18,109
18,652
18,435
17,763
18,500
18,767
19,513
21,352
22,262
21,128
Total Equity
- -
- -
- -
3.01
3.8
3.15
1.7
1.16
1.66
1.53
1.38
1.09
1.9
3.14
4.52
3.04
4.14
Return on Invested Capital (%)
- -
- -
- -
2.83
4.31
3.9
2.4
1.76
2.46
2.22
2.23
2.29
3.18
4.97
5.93
4.38
5.34
Return on Capital (%)
-15.29
0.64
3.98
2.83
4.61
4.12
2.4
1.76
2.57
2.39
2.33
2.39
3.36
5.24
6.16
4.58
2.56
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
892
- -
891
LT Borrowings
- -
- -
- -
LT Finance Leases
17
- -
55
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4
- -
4
Market Capitalization
8,573
7,609
7,212

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
15,241
- -
14,978
Cash, Cash Equivalents & STI
6,712
- -
6,602
Accounts Receivable, Net
4,605
- -
4,518
Inventories
3,706
- -
3,696
Total Current Liabilities
3,754
- -
3,496
Payables & Accruals
- -
- -
- -
ST Debt
892
- -
891
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2%
4.65%
4.26%
Free Cash Flow
98%
-11.55%
-77.1%
Net Income, GAAP
7.41%
20.58%
-23.18%
Sales/Revenue/Turnover
1.12%
3.22%
2.53%
Total Cash Common Dividend
- -
- -
-3.45%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,240
3,620
3,226
3,517
13,603
2025
- -
- -
- -
- -
13,947
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
43.48
- -
- -
- -
227.54
2025
- -
- -
- -
- -
181.51
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
77.78
2025
- -
- -
- -
- -
77.99
2026
- -
- -
- -
- -
- -
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Business
Ichikawa Co., Ltd. manufactures and sells papermaking felts and belts along with industrial felts primarily in Japan and internationally; its core papermaking products include press felts designed for dewatering, smoothness, and running stability in paper machine press sections, shoe press belts pioneered domestically in 1988 for enhanced durability and dewatering, and transfer belts for closed transfer press mechanisms to boost productivity, particularly in Europe and China; industrial products encompass heat-resistant felts and conveyance equipment for aluminum extrusion processes accommodating various temperature ranges, printed circuit boards, steel plate galvanizing lines to prevent scratches at high temperatures above 400 degrees Celsius, and cushioning materials applied in automotive car bodies, consumer electronics including smartphones and tablets, flexible printed circuit boards, clothing, and slate felts. The company operates through segments covering papermaking products in Japan, the Americas, Europe, and China, alongside industrial felts and related warehouse services, targeting paper producers and advanced manufacturing industries such as electronics, steelmaking, and aluminum processing. Founded in 1949 as a specialized entity from its 1918 predecessor Tokyo Blanket Co., Ltd., Ichikawa Co., Ltd. maintains its headquarters at 14-15 Hongo 2-Chome, Bunkyo-Ku, Tokyo, Japan, with production facilities including Kashiwa Mill and sales offices in Osaka, Nagoya, Fukuyama-Oita, and Tokyo. Recent developments feature the opening of ISESAKI BASE in 2016 and HIROSHIMA BASE in 2020 to bolster production capacity, alongside the upgrade of Nagoya Liaison Office to Nagoya Sales Office in 2022 for expanded regional operations; the company issued its financial results for the third quarter ending December 31, 2024, on January 31, 2025, under its medium-term management plan emphasizing technological innovation and global market penetration.