KEIWA Incorporated
4251・Prime Market・Chemicals
KEIWA Incorporated4251
KEIWA Incorporated4251
Reference Indicators
Market Cap
235¥100M
P/E (Forecast)
—
P/B
0.9x
Dividend Yield (Forecast)
4.10%
ROE
9.7%
EV/EBITDA
2.8x
Financial Summary
Unit: ¥M
| Item | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|
Net Sales | 18,130 | 21,102 | 17,570 | 21,130 | 20,473 |
Cost of Sales | 10,924 | 10,910 | 10,332 | 11,245 | 11,692 |
Gross Profit | 7,206 | 10,191 | 7,237 | 9,884 | 8,781 |
SG&A Expenses | 4,071 | 4,622 | 4,782 | 5,144 | 4,494 |
Operating Income | 3,135 | 5,569 | 2,455 | 4,739 | 4,286 |
Non-operating Income | 404 | 711 | 359 | 521 | 78 |
Non-operating Expenses | 72 | 78 | 57 | 50 | 125 |
Ordinary Income | 3,467 | 6,202 | 2,757 | 5,210 | 4,240 |
Extraordinary Income | 96 | 616 | 14 | 4 | 0 |
Extraordinary Losses | 292 | 119 | 11 | 1,287 | 1,016 |
Pre-tax Income | 3,271 | 6,699 | 2,760 | 3,927 | 3,224 |
Income Taxes | 701 | 1,838 | 777 | 1,136 | 955 |
Net Income | 2,569 | 4,860 | 1,983 | 2,790 | 2,268 |
EBITDA | 4,483 | 7,085 | 4,045 | 6,471 | 6,388 |
Gross Margin | 39.7% | 48.3% | 41.2% | 46.8% | 42.9% |
Operating Margin | 17.3% | 26.4% | 14.0% | 22.4% | 20.9% |
ROA | 8.9% | 16.6% | 6.8% | 8.7% | 7.3% |
ROE | 24.1% | 29.4% | 10.1% | 12.9% | 9.7% |
Segment Performance
Unit: ¥M
2026
| Segment | Net Sales | Operating Income | Operating Margin |
|---|---|---|---|
| 光学製品事業 | 16,766 | 7,085 | 42.3% |
| 機能製品事業 | 3,707 | 295 | 8.0% |

