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KEIWA Incorporated (4251.T)

JPY1,234.00 +6.00 (+0.49%)
JP JPX Technology Hardware, Equipment & Parts
Address Sumitomo Seimei Kayabacho Building 103-0025
Tokyo, JP
CEO Keiichi Osamura
IPO 2019-10-30
ISIN JP3281610000

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Description

Based in Tokyo, Japan, KEIWA Incorporated, founded in 1948, is a key manufacturer and supplier of specialized optical sheets and advanced functional materials. The company, which operated as KEIWA Commerce and Industry Co., Ltd. until its name change in 1999, provides a comprehensive array of products. This includes light diffusion sheets vital for the backlight units in smartphone liquid crystal displays, as well as components for bespoke optical films, such as protective layers for light-collecting films. KEIWA also develops sophisticated functional films and sheets utilized for display surface protection in optical systems and numerous other applications. Beyond its optical segment, the company supplies industrial packaging solutions, specialized processing papers, materials for clean energy technologies, and a variety of other industrial goods, particularly for the construction and agricultural sectors.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY1,234.00 +6.00 (+0.49%)
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Volume Profile
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Liquidity & share structure
Average Volume
71.4K
Beta
0.53
Float Shares
9.83M
Free Float %
53.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.39% -2.39% -2.08% -5.26% +0.00% -3.92% +33.30% +18.24% +13.01% +178.41% +178.41%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
1,234.00
DCF (Unlevered) 1,908.95 +54.7%
DCF (Levered) 1,407.86 +14.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 50% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 1 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.28
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Hardware, Equipment & Parts: +10.0%
    -3.1% Q1'26: +5.2% (vs Q1'25)
  • EPS growth Hardware, Equipment & Parts: +20.2%
    -15.7% Q1'26: +11.2% (vs Q1'25)
  • FCF margin FCF growth · Hardware, Equipment & Parts: +27.1%
    +10.2% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Hardware, Equipment & Parts: +8.7%
    +20.9% Q1'26: +22.7% (vs Q1'25)
  • ROIC Hardware, Equipment & Parts: +5.7%
    +18.2% Q1'26: +24.3% (vs Q1'25)
  • Share dilution Hardware, Equipment & Parts: +0.0%
    -3.6% Q1'26: -1.9% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Hardware, Equipment & Parts: -0.70×
    0.32× Q1'26: 0.27× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.55) × ERP
WACC = 92% × Ke + 8% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,910.77 Current price: 1,234.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
2 Rev. Ana.
2 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
15.82B
est: 15.21B (+4.0%)
14.74B
est: 15.90B (-7.3%)
18.13B
est: 17.35B (+4.5%)
21.10B
est: 22.00B (-4.1%)
17.57B
est: 19.82B (-11.4%)
21.13B
est: 20.20B (+4.6%)
20.47B
est: 20.20B (+1.4%)
22.30B
21.85B – 22.75B
+10.4% YoY
21.70B
20.84B – 22.56B
-2.7% YoY
23.70B
23.22B – 24.18B
+9.2% YoY
EBITDA
1.93B
est: 3.98B (-51.5%)
2.07B
est: 4.16B (-50.3%)
4.67B
est: 4.54B (+2.9%)
8.26B
est: 5.75B (+43.5%)
4.38B
est: 5.87B (-25.3%)
5.69B
est: 5.98B (-4.9%)
6.39B
est: 5.98B (+6.9%)
6.60B
6.47B – 6.73B
+10.4% YoY
6.42B
6.17B – 6.68B
-2.7% YoY
7.01B
6.87B – 7.15B
+9.2% YoY
EBIT
999.05M
est: 2.78B (-64.1%)
975.51M
est: 2.91B (-66.5%)
3.32B
est: 3.18B (+4.6%)
6.74B
est: 4.03B (+67.5%)
2.79B
est: 4.20B (-33.4%)
3.96B
est: 4.28B (-7.5%)
4.29B
est: 4.28B (+0.3%)
4.72B
4.63B – 4.81B
+10.4% YoY
4.59B
4.41B – 4.78B
-2.7% YoY
5.02B
4.92B – 5.12B
+9.2% YoY
Net Income
692.34M
est: 904.19M (-23.4%)
740.82M
est: 889.92M (-16.8%)
2.57B
est: 2.35B (+9.6%)
4.86B
est: 4.96B (-1.9%)
1.98B
est: 2.83B (-29.9%)
2.79B
est: 2.60B (+7.3%)
2.27B
est: 3.11B (-27.2%)
3.10B
3.03B – 3.20B
-0.5% YoY
2.81B
2.42B – 3.20B
-9.2% YoY
3.10B
3.03B – 3.20B
+10.2% YoY
SGA
2.47B
est: 2.44B (+1.4%)
2.34B
est: 2.55B (-8.2%)
2.80B
est: 2.78B (+0.7%)
3.22B
est: 3.52B (-8.6%)
3.13B
est: 3.42B (-8.3%)
3.32B
est: 3.48B (-4.7%)
4.49B
est: 3.48B (+29.1%)
3.84B
3.77B – 3.92B
+10.4% YoY
3.74B
3.59B – 3.89B
-2.7% YoY
4.09B
4.00B – 4.17B
+9.2% YoY
EPS
44.86
est: 46.90 (-4.3%)
46.71
est: 46.16 (+1.2%)
144.80
est: 121.65 (+19.0%)
252.47
est: 257.05 (-1.8%)
102.93
est: 152.29 (-32.4%)
144.74
est: 140.00 (+3.4%)
122.08
est: 167.60 (-27.2%)
167.60
163.23 – 171.97
+0.0% YoY
151.40
130.46 – 172.34
-9.7% YoY
167.60
163.23 – 171.97
+10.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-15 A 4/5 4/5 4/5 4/5 3/5 4/5 4/5
2026-05-14 A 4/5 4/5 4/5 4/5 3/5 4/5 4/5
2026-05-13 A 4/5 4/5 4/5 4/5 3/5 4/5 4/5
2026-05-12 A 4/5 4/5 4/5 4/5 3/5 4/5 4/5
2026-05-11 A 4/5 4/5 4/5 4/5 3/5 4/5 4/5
2026-05-08 A+ 4/5 4/5 4/5 4/5 3/5 4/5 5/5
2026-05-07 A+ 4/5 4/5 4/5 4/5 3/5 4/5 5/5
2026-05-01 A 4/5 4/5 3/5 4/5 3/5 4/5 5/5
2026-04-30 A 4/5 4/5 3/5 4/5 3/5 4/5 5/5
2026-04-28 A 4/5 4/5 3/5 4/5 3/5 4/5 5/5
2026-04-27 A 4/5 4/5 3/5 4/5 3/5 4/5 5/5
2026-04-24 A 4/5 4/5 3/5 4/5 3/5 4/5 4/5
2026-04-23 A 4/5 4/5 3/5 4/5 3/5 4/5 4/5
2026-04-22 A 4/5 4/5 3/5 4/5 3/5 4/5 4/5
2026-04-21 A 4/5 4/5 3/5 4/5 3/5 4/5 4/5
2026-04-20 A 4/5 4/5 3/5 4/5 3/5 4/5 4/5
2026-04-17 A- 4/5 4/5 3/5 4/5 2/5 4/5 4/5
2026-04-16 A- 4/5 4/5 3/5 4/5 2/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.19B
OE per share TTM
61.89
Owner's Yield
5.14%
Maintenance CapEx ratio
70.87%
Maint CapEx / Avg PPE
52.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 11 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Militia Long/Short Equity ETF ORR 0.20% 272.0K 14.19%
2 Dimensional - International Small Cap Value ETF DISV 0.01% 664.7K 0.42%
3 Dimensional - International Small Cap ETF DFIS 0.00% 285.0K 0.39%
4 Avantis International Small Cap Value ETF AVDV 0.00% 836.4K 0.36%
5 Avantis Responsible International Equity ETF AVSD 0.00% 9.8K 0.23%
6 iShares Core TOPIX ETF 1475.T 0.00% 209.7K 0.05%
7 Dimensional - International Core Equity Market ETF DFAI 0.00% 170.6K 0.18%
8 Dimensional - International Core Equity 2 ETF DFIC 0.00% 121.4K 0.22%
9 Avantis International Small Cap Equity ETF AVDS 0.00% 2.3K 0.30%
10 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 77.2K 0.28%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
10.23M
Shares Outstanding
18.50M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Junjiro Noguchi Executive Senior Director & FL Division Manager male
Kazumasa Fujii Executive Senior Director & Production Division Manager male
Keiichi Osamura President & Representative Director male
Naoko Kawashima Executive Director & GM of ESL Office female
Sadato Nakahara Director, Operating Officer, Manager of Logistics Div & GM of HR & General Affairs Dept. male
Satoshi Ueji Operating Officer, Deputy Manager of Marketing Div, Dir & GM of Optical Products Dept male
Shunsuke Ota Marketing Division Manager & Executive Director male
Yuki Yoshioka Executive Officer, Deputy GM of Administration Division, GM of Finance & Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits