Takasago Thermal Engineering Co., Ltd.

1969.T
Building Products & Equipment
2026/08/21 Updated
Market Cap: $3.5B (¥557.6B)
Stock Price: $26.80 (¥4,261)
Exchange Rate: 1 USD = ¥158.98

Stock Price Chart

2026/08/21 Updated
14.51
PER (Price Earnings Ratio)
vs Industry Avg: +5.0
2.69
PBR (Price to Book Ratio)
vs Industry Avg: +1.4
2.89%
Dividend Yield
vs Industry Avg: -0.06%

Price Trend

2026/08/21 Updated
Short-term
5-Day MA
-0.35%
Near-term
25-Day MA
-1.68%
Mid-term
75-Day MA
-6.99%
Long-term
200-Day MA
-6.95%

Price & Trading Details

2026/08/21 Updated

PRICE

Previous Close ¥4,149
Open ¥4,219
High ¥4,282
Low ¥4,195
Close ¥4,261

TRADING

Volume 534,200
Average Volume 698,133
Turnover ¥23億
Min. Purchase ¥426,100

Analyst Recommendations 6 analysts

Updated 2026/08/01
Strong Buy
1
1
Buy
3
3
Hold
2
2
Sell
0
Strong Sell
0
Target Price (Mean)
¥5,667
Strong Buy
¥6,400
High
¥5,725
Median
¥4,900
Low
+26% vs Current Price
This information is based on market data from third-party data providers and is for reference only. Investment decisions are your own responsibility.

Earnings Calendar

Updated 2026/08/01
AUG
05
2026
Next Earnings Release
Q3 FY2026

Recent Earnings

Date EPS Est. EPS Actual Surprise
2020/06/12 ¥30.20 ¥27.05 -10.4%
2019/02/07 ¥20.35 ¥22.66 +11.4%
2018/11/07 ¥21.05 ¥19.90 -5.5%
2018/08/06 ¥12.90 ¥7.48 -42.1%

Shareholder Composition

Updated 2026/08/01
18.7%
Insider Holdings
33.8%
Institutional
47.5%
Public Float
116
Institutional Holders
Insider Holdings 18.7%
Institutional 33.8%
Public Float 47.5%

Major Holders

Updated 2026/08/01
Institution Ownership Shares Change
SmallCap World Fund Inc
3.64%
5.1M -10.21%
VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund
1.05%
1.5M +0.54%
VANGUARD TAX-MANAGED FUNDS-Vanguard Developed Markets Index Fund
0.70%
983.6K +2.60%
AMERICAN FUNDS INSURANCE SERIES-Global Small Capitalization Fund
0.50%
705.9K -12.43%
iShares Trust-iShares Core MSCI EAFE ETF
0.49%
681.6K 0.00%
TRANSAMERICA FUNDS-Transamerica International Small Cap Value
0.36%
505.9K -0.98%

Dividend History

Updated 2026/08/23
-%
Dividend Yield
¥72
Annual Dividend
-23.4%
YoY Growth
27.8%
Payout Ratio
Year Dividend Change
2026 ¥72 -23.4%
2025 ¥94 +20.5%
2024 ¥78 +119.7%
2023 ¥36 +16.4%
2022 ¥31 -

Financial Performance

2026/08/23 Updated

Revenue & Profit

Margins

Cash Flow

Financial Health

2022 2023 2024 2025
Income Statement
Revenue ¥302,746M ¥338,831M ¥363,366M ¥381,661M
Gross Profit ¥41,396M ¥46,363M ¥59,947M ¥71,646M
Operating Income ¥14,040M ¥14,910M ¥23,804M ¥32,012M
Pretax Income ¥16,963M ¥17,130M ¥27,341M ¥37,777M
Net Income ¥11,535M ¥12,227M ¥19,612M ¥27,631M
EPS ¥84.69 ¥92.34 ¥147.84 ¥208.07
Operating Margin 4.64% 4.40% 6.55% 8.39%
Balance Sheet
Total Assets ¥300,736M ¥313,391M ¥340,106M ¥334,949M
Total Equity ¥132,896M ¥142,469M ¥164,354M ¥180,666M
Total Liabilities ¥167,840M ¥170,922M ¥175,752M ¥154,283M
Cash ¥56,960M ¥72,317M ¥53,298M ¥47,647M
Interest-bearing Debt ¥33,058M ¥29,815M ¥39,133M ¥37,737M
Equity Ratio 44.19% 45.46% 48.32% 53.94%
D/E Ratio 0.25 0.21 0.24 0.21
Cash Flow
Operating CF ¥1,186M ¥25,826M -¥13,100M ¥5,885M
Investing CF ¥1,042M -¥5,427M -¥8,103M -¥1,405M
Financing CF -¥8,007M -¥8,325M -¥491M -¥12,713M
Free CF -¥1,825M ¥20,778M -¥16,447M ¥1,548M
Efficiency
ROE 8.68% 8.58% 11.93% 15.29%
ROA 3.84% 3.90% 5.77% 8.25%

Latest IR Information

Company Information

English Name Takasago Thermal Engineering Co., Ltd.
Japanese Name 高砂熱学工業(株)
Stock Code 1969.T (JPX)
Sector / Industry Industrials / Building Products & Equipment
Employees 7,287

About

Takasago Thermal Engineering Co., Ltd. designs and constructs air conditioning systems in Japan and internationally. It also offers production, storage, and utilization system for green hydrogen; clean booths for medical use; MAT, a total system for measurement, analysis, and evaluation; wall outlet type and clean rooms air conditioning systems; chemical washers; dehumidifier; ice making machines; and aluminum refrigerant piping systems. In addition, the company provides datacenter operation measures service; dry room technology; GDoc BA, a smart monitoring and control systems; GDoc DHC, an automatic heat source control systems for large thermal storage tank facilities; GDoc premium, a real-time control system; GODA Cloud, a data collection and analysis tool; and swirling induction type HVAC and clean dry air supply systems. The company was formerly known as Takasago Heating Works Co., Ltd. and changed its name to Takasago Thermal Engineering Co., Ltd. in 1943. The company was incorporated in 1923 and is headquartered in Shinjuku, Japan.

Data provided by Yahoo Finance