Iwatani Corporation

Iwatani Corporation

IWTNF
Iwatani CorporationUS flagOther OTC
12.00
USD
+0.02
- -
2.76BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3,364.53
3,575.9
3,515.02
3,130.07
2,987.18
3,407.87
3,632.97
3,488.91
2,614.31
3,000.87
3,938.7
3,684.64
3,836.98
1,971.66
Basic EPS, GAAP
41.1
53.17
31.49
62.81
84.05
89.3
97.65
106.65
107.09
130.24
139.17
188.9
175.76
153.42
Free Cash Flow per Basic Share
36.29
12.78
116.15
55.17
44.84
19.14
74.67
73.45
86.09
-66.8
89.35
60.47
-9.63
- -
Dividend per Share
8.72
8.74
8.75
8.74
9.99
10.02
13.73
16.24
21.72
18.73
21.23
23.72
32.46
- -
Book Value per Share
326.38
367.97
384.22
438.22
512.79
592.12
676.03
766.38
865.45
920.47
1,038.27
1,203.29
1,347
1,253.9
Tangible Book Value per Share
374.84
447.75
512.74
547.11
656.29
753.14
793.84
885.89
1,097.81
1,148.06
1,196.75
1,445.07
1,518.4
1,494.62
Basic Weighted Avg Shares
195
197
197
197
197
197
197
197
215
230
230
230
230
230
Sales/Revenue/Turnover
657,006
703,923
691,902
616,201
588,045
670,792
715,085
686,771
562,223
690,392
906,261
847,888
883,011
453,677
Operating Margin (%)
2.54
2.63
1.62
3.33
4.26
4.05
3.7
4.18
5.22
5.81
4.42
5.97
5.24
7.95
Depreciation Expense
17,130
17,722
18,017
18,316
19,706
19,864
20,772
22,111
23,210
23,878
27,557
29,317
31,178
- -
Net Income, GAAP
8,026
10,466
6,199
12,365
16,546
17,577
19,221
20,994
23,030
29,964
32,022
43,468
40,448
35,301
Effective Tax Rate (%)
43.48
39.21
44.5
35.84
34.42
36.05
31.48
32.22
31.58
32.53
29.8
29.78
33.52
25.41
Profit Margin (%)
1.22
1.49
0.9
2.01
2.81
2.62
2.69
3.06
4.1
4.34
3.53
5.13
4.58
7.78
Working Capital
-20,159
-3,711
-10,869
3,389
2,195
12,683
25,113
12,641
51,129
73,171
90,720
-2,940
73,465
31,948
LT Debt
81,402
90,268
78,687
89,722
87,613
87,760
90,874
67,620
61,528
66,688
100,441
111,489
183,088
150,272
Total Equity
90,901
105,057
117,941
124,582
144,879
165,898
173,986
191,150
253,585
280,306
312,229
369,032
397,189
384,663
Return on Invested Capital (%)
3.84
4.33
2.31
4.98
5.96
5.88
5.94
6.18
5.89
7.14
6.54
6.49
4.82
4.75
Return on Capital (%)
3.86
4.79
2.78
5.41
6.81
6.82
7.17
7.49
7.92
9.44
8.78
9.41
7.49
7.4
Return on Common Equity (%)
13.25
15.37
8.37
15.27
17.68
16.16
15.4
14.79
13.67
15.06
14.21
16.85
13.78
13.22

Capital Structure

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
142,776
- -
110,932
LT Borrowings
110,100
- -
150,272
LT Finance Leases
1,389
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
230
- -
230
Market Capitalization
440,817
555,615
463,042

Working Capital

FRC

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
309,573
- -
295,200
Cash, Cash Equivalents & STI
33,937
- -
28,580
Accounts Receivable, Net
145,981
- -
127,221
Inventories
74,463
- -
87,332
Total Current Liabilities
312,513
- -
263,252
Payables & Accruals
- -
- -
- -
ST Debt
142,776
- -
110,932
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.16%
16.08%
7.63%
Free Cash Flow
-37.71%
-107.4%
-115.93%
Net Income, GAAP
23.36%
15.09%
-6.95%
Sales/Revenue/Turnover
3.48%
6.73%
4.14%
Total Cash Common Dividend
17.01%
20.07%
36.84%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
201,909
192,302
223,302
230,375
847,888
2025
- -
- -
- -
- -
883,011
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
31.17
- -
- -
- -
188.9
2025
- -
- -
- -
- -
175.76
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
23.72
2025
- -
- -
- -
- -
32.46
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Hiroshi Majima
Full Time Employees
11,332
Sector
Industrials
Industry
Conglomerates
Address
6-4, Hommachi 3-chome Osaka Japan 541-0053
IPO Date
Sep 21, 2020
Business
Iwatani Corporation (IWTNF) engages primarily in the integrated energy and industrial gases sectors; it supplies liquefied petroleum gas (LPG) for household, commercial, and industrial uses including propane gas, portable gas cooking stoves such as Cassette-Feu and MIHARI gas leak alarms, and hydrogen energy solutions encompassing hydrogen refueling stations, liquefied hydrogen production plants, and fuel cell technologies like the Mahoroba hydrogen fuel cell ship; in industrial gases, it provides high-pressure gases, specialty gases, helium from facilities such as Osaka Helium Center and Tokyo Helium Center, and dry ice; the Materials segment offers electronic materials for displays and batteries, functional films, stainless steel, aluminum, special high alloys, plastics including bio-PET resins and PET resins, chemicals, ceramics, agri-bio products, and metals; the Machinery segment delivers semiconductor manufacturing equipment, welding robots via partnership with Yaskawa Electric, machine tools, sheet metal machinery, pumps, compressors, furnaces, and environmental equipment. Founded on May 5, 1930, and incorporated on February 2, 1945, the company maintains headquarters at the Osaka Head Office in Chuo-ku, Osaka, Japan, and the Tokyo Head Office in Minato-ku, Tokyo; it operates 51 offices with 47 domestic and 4 overseas sites, supported by 11,859 consolidated employees as of March 31, 2025, and generates consolidated net sales of 883.011 billion yen. Iwatani conducts business predominantly in Japan across industrial, residential, automotive, electronics, healthcare, and food sectors, with international operations in the Americas, Europe, Asia including China, Southeast Asia, and Australia for gas distribution, materials trading, and hydrogen projects. Recent developments include the 2024 acquisition of shares in Cosmo Energy Holdings Co., Ltd., establishing it as an equity-method affiliate to advance hydrogen infrastructure and sustainable fuels like SAF from cooking oil and CCS initiatives; completion of the hydrogen fuel cell ship Mahoroba and Kobe Training Facility in 2024; a September 2025 collaboration with Toyota Tsusho and Eurus Energy for onsite low-carbon hydrogen production at Aichi Steel; equity and debt financing in Caremag SAS in March 2025 for rare earth diversification; plans for two new liquefied hydrogen plants in Kawasaki and Toyota City by 2027 with 50 billion yen investment; relocation of the Tokyo Head Office in June 2025; and a 4-for-1 stock split effective September 27, 2024.