1. Japan Stocks

  2. •

    Process industries

  3. •

    Containers/Packaging
KEIWA Incorporated

KEIWA Incorporated

TTSE:4251
1,177.00
JPY
-5.00
(-0.42%)
22.32BMarket Cap
Nov 13Next Earn
KEIWA Incorporated
TSE:4251
(Tokyo Stock Exchange)

Recent

price

1,177.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
JPY
981.05
1,330.97
1,251.89
929.07
1,021.66
1,096.03
911.95
1,095.93
1,101.59
- -
Revenue per Share
15.23
38.16
54.78
46.71
144.8
252.47
102.93
144.74
122.08
- -
Basic EPS, GAAP
1.92
132.53
58.45
-28.1
-25.8
113.56
-27
192.23
29.79
- -
Free Cash Flow per Basic Share
- -
0.13
0.47
6.31
6.68
12.46
37.45
24.98
36.29
- -
Dividend per Share
186.28
206.06
323.89
409.86
735.6
1,963.73
1,056.45
1,190.51
1,290.28
1,342.37
Book Value per Share
181.29
202.13
320.17
406.33
731.19
1,909.1
1,032.07
1,170.64
1,273.31
1,327.79
Tangible Book Value per Share
15
12
13
16
18
19
19
19
19
18
Basic Weighted Avg Shares
14,559
15,759
15,823
14,736
18,131
21,103
17,570
21,130
20,473
- -
Sales/Revenue/Turnover
0.99
4.78
5.91
7.48
17.29
26.39
13.98
22.43
20.94
- -
Operating Margin (%)
911
841
930
1,093
1,348
1,516
1,590
1,731
2,102
- -
Depreciation Expense
226
452
692
741
2,570
4,861
1,983
2,791
2,269
- -
Net Income, GAAP
24.97
13.93
26.8
20.07
21.45
27.44
28.15
28.94
29.63
- -
Effective Tax Rate (%)
1.55
2.87
4.38
5.03
14.17
23.03
11.29
13.21
11.08
- -
Profit Margin (%)
410
942
2,007
3,312
8,460
11,268
10,495
11,902
13,152
14,772
Working Capital
4,693
4,404
3,801
3,902
4,643
3,399
2,714
1,527
1,291
903
LT Debt
2,764
3,058
4,999
7,214
14,146
18,908
20,358
22,958
23,864
24,843
Total Equity
- -
6.64
7.05
7.78
14.76
17.64
7.1
13.02
11.36
- -
Return on Invested Capital (%)
- -
5.23
7.65
6.94
16.02
22.39
8.4
11.18
8.79
- -
Return on Capital (%)
- -
15.52
17.19
12.13
24.06
29.41
10.1
12.89
9.69
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
ST Debt
1,146
- -
758
LT Borrowings
2,244
- -
903
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
19
18
19
Market Capitalization
32,012
21,510
22,320

Working Capital

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
Total Current Assets
16,516
- -
18,856
Cash, Cash Equivalents & STI
8,944
- -
11,265
Accounts Receivable, Net
4,870
- -
4,675
Inventories
1,832
- -
2,131
Total Current Liabilities
5,633
- -
4,084
Payables & Accruals
- -
- -
- -
ST Debt
1,146
- -
758
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
30.83%
3.95%
Free Cash Flow
- -
-319.25%
-85.06%
Net Income, GAAP
- -
59.77%
-18.7%
Sales/Revenue/Turnover
- -
7.97%
-3.11%
Total Cash Common Dividend
- -
65.68%
40.06%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,609
5,039
- -
- -
21,130
2025
- -
- -
- -
- -
20,473
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
43.21
38.63
- -
- -
144.74
2025
- -
- -
- -
- -
122.08
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
24.98
2025
- -
- -
- -
- -
36.29
2026
- -
- -
- -
- -
- -
Similar Companies
Segezha (MOEX:SGZH)
Amcor plc (NYSE:AMCR)
Duran Dogan Basim ve Ambalaj Sanayi A.S. (BIST:DURDO)
Isiklar Enerji ve Yapi Holding Anonim Sirketi (BIST:IEYHO)
PT Abadi Nusantara Hijau Investama Tbk (IDX:PACK)
UFlex Limited (NSE:UFLEX)
Business
KEIWA Incorporated (4251.T) develops, manufactures and sells high-performance optical films and functional products primarily in Japan. The company offers light diffusion sheets and films for backlight units in liquid crystal displays of smartphones, tablets, laptops and in-vehicle monitors; advanced functional films and sheets for display surface protection, sensors and optical systems in smartphones, in-vehicle products and business monitors; composite diffusion plates; processing papers; industrial packaging materials including corrosion inhibiting paper and film; clean energy materials such as components for solar cells, secondary cells and wind power generators; reflective and gutter sheets for crop growth; construction materials; special films for medical and hygiene usage; building materials; and protective life-extending sheets for roofs and structures. KEIWA operates through Optical Sheets and Functional Products segments, targeting electronics, clean energy, agriculture and construction industries with customers including display manufacturers and industrial users. Founded in 1948 and formerly known as KEIWA Commerce and Industry Co., Ltd. until its name change in 1999, the company is headquartered at 3F Sumitomo Seimei Kayabacho Bldg., 2-10-5 Nihombashi Kayaba-cho, Chuo-ku, Tokyo, Japan, and maintains approximately 419 employees with facilities supporting global market development. In November 2025, KEIWA's board resolved to establish new overseas bases in Vietnam, Germany and the United States to enhance its global network and strengthen its management foundation under the Mid-Term Management Plan for FY2025-FY2028; earlier in FY12/2024, it reported earnings recovery driven by mass production of high-value-added products like the OPASUKI composite diffusion plate and OPALUS light diffusion film amid market rebound and new smartphone model demand.