Overview
Electric Appliances

DKK Co.,Ltd.

Denki Kogyo (DKK) operates two core businesses: a Telecommunications Business encompassing the design, manufacture, and construction of antennas, reflectors, towers, broadcast infrastructure, mobile communications systems, defense and disaster-prevention equipment, and solution systems; and a High-Frequency Business focused on the manufacture and sale of induction heating equipment primarily for the automotive industry, as well as contract heat treatment processing. The company supports Japan's communications and broadcasting infrastructure with advanced engineering capabilities while applying high-frequency energy technology across automotive, construction machinery, and industrial sectors. DKK's competitive strengths lie in its vertically integrated manufacturing and construction capabilities, long-standing technical expertise, and a global network spanning Japan, the United States, Thailand, China, South Korea, Vietnam, and Mexico.

Market Cap
¥28.4B
US$181M
EV
¥16.0B
US$102M
Stock¥3,260▲+0.46%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
6.4
x
LTM EV/EBIT
9.4
x
LTM PER
8.3
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+47.6%pt
1001234
Oct 23, 25 – Oct 23, 26StockTOPIX
1Nov 17, 25Buying on self-share cancellation announced 2025/11/14
2Nov 18, 25Continued buying on self-share cancellation announced 11/14
3May 11, 26Oasis Management Company Ltd. changed stake (9.63%→12.91%)
4Aug 10, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
28.4BUS$181MMarket Cap5.72BUS$36.4M+ Debt16.3BUS$104M− Cash2.32BUS$14.7M− Inv. Sec.0.49BUS$3.11M+ NCI16.0BUS$102MEV
AI Briefing
Denki Kogyo: telecom infrastructure (antennas, towers, broadcast/defense equipment) plus high-frequency induction heating for autos, with vertically integrated manufacturing across Japan, US, Thailand, China, Korea, Vietnam, Mexico. FY26/3 revenue guided ¥35.4B with OP ¥1.2B (3.4% margin), extending recovery from FY24/3's operating loss to FY25/3's return to profitability. Market cap ¥27.7B vs EV ¥15.3B reflects a large net cash position (¥16.3B cash vs ¥5.7B debt); no tender offer or M&A process in the provided data.
Performance & Balance
Revenue 5Y (¥B)
34.0US$216M'22/331.8US$203M'23/328.9US$184M'24/332.6US$207M'25/335.4US$226M'26/3
EBITDA 5Y (¥B)
1.43US$9.13M'22/3-0.28-US$1.77M'23/3-0.58-US$3.72M'24/31.74US$11.1M'25/32.03US$12.9M'26/3
Net Income 5Y (¥B)
0.71US$4.49M'22/3-1.18-US$7.52M'23/3-1.98-US$12.6M'24/30.78US$4.95M'25/31.90US$12.1M'26/3
Capital Structure
87%
EquityD/E 0.15xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
24.4US$155M0.66US$4.20M'22/324.3US$155M3.67US$23.4M'23/323.2US$148M5.88US$37.5M'24/319.2US$122M5.73US$36.5M'25/314.0US$89.2M5.72US$36.4M'26/3
Shareholders
Top 10 hold 48.9%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
19.28%
2
CGML PB CLIENT ACCOUNT/COLLATERAL (Standing Proxy: Citibank, N.A., Tokyo Branch)
5.10%
3
Sumitomo Mitsui Banking Corporation
4.00%
4
DKK Co.,Ltd. Business Partners' Stock Ownership Association
3.74%
5
Custody Bank of Japan, Ltd. (Trust Account)
3.51%
6
JPMSPLC CLIENT ASSETS SK JPY (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.90%
7
Sumitomo Mitsui Trust Bank, Limited
2.82%
8
DKK Co.,Ltd. Employee Stock Ownership Association
2.67%
9
BNP PARIBAS LUXEMBOURG/2S/JASDEC/JANUS HENDERSON HORIZON FUND (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
2.51%
10
Hidetomo OKA
2.33%
Management
13 officers
Tadashi KONDO
Representative Director, President
Apr 1995 Joined the Company Apr 2016 General Manager, North America Promotion Department, Overseas Business Promotion Division Jul 2018 Executive Officer, Senior Assistant General Manager, Overseas Business Division Jul 2019 Executive Officer, General Manager, Equipment Division Jun 2020 Director, Executive Officer, General Manager, Wireless Research Laboratory and Equipment Division Apr 2021 Representative Director, President (current)
1971-08-28
Takashi ASAI
Director, Senior Managing Executive Officer
Apr 1995 Joined the Company Apr 2016 General Manager, Hokkaido Branch, Branch Division Apr 2017 General Manager, Central Sales Department and General Manager, Overseas Sales Department, Overseas Business Division Apr 2019 Executive Officer, General Manager, Branch Division Apr 2020 Executive Officer, General Manager, New Business Promotion Office May 2020 Executive Officer, General Manager, Facility Engineering Division Apr 2021 Executive Officer, General Manager, Administration Division, General Manager, Secretariat, and General Manager, Safety and Quality Control Headquarters Jun 2021 Director, Executive Officer, General Manager, Administration Division and General Manager, Secretariat Jul 2021 Director, Executive Officer, General Manager, Secretariat Apr 2022 Director, Executive Officer, General Manager, Office of the President Jun 2023 Director, Managing Executive Officer, General Manager, Office of the President Apr 2024 Director, Managing Executive Officer Apr 2025 Director, Managing Executive Officer, General Manager, Accounting Department Jun 2025 Director, Senior Managing Executive Officer, General Manager, Accounting Department Apr 2026 Director, Senior Managing Executive Officer (current)
1972-05-01
Tsuyoshi SHIMODA
Director, Managing Executive Officer
Apr 1988 Joined the Company Apr 2010 General Manager, Technology Department, Equipment Division Jul 2011 Assistant General Manager, Equipment Division Jul 2012 Executive Officer, Assistant General Manager, Equipment Division Jun 2013 Director, Executive Officer, General Manager, Equipment Division Apr 2017 Director, Executive Officer, General Manager, Equipment Division and General Manager, Overseas Business Division Dec 2017 Director, Executive Officer, General Manager, Overseas Business Division Apr 2019 Director, Executive Officer, General Manager, Overseas Business Division and Senior Assistant General Manager, Administration Division Jul 2019 Director, Executive Officer, Senior Assistant General Manager, Administration Division Apr 2021 Director, Executive Officer Apr 2022 Director, Executive Officer, General Manager, Crisis Management Office Apr 2024 Director, Executive Officer, General Manager, Defense Business Promotion Office Jun 2025 Director, Managing Executive Officer, General Manager, Defense Business Promotion Office Apr 2026 Director, Managing Executive Officer (current)
1964-04-12
Toshiaki KAWAHARA
Director, Executive Officer, General Manager, R&D Center
Apr 1991 Joined Nippon Telegraph and Telephone Corporation (now NTT, Inc.) Jul 1992 Research and Development Department, NTT Mobile Communications Network, Inc. (now NTT DOCOMO, INC.) Jul 2008 Chief Manager, Radio Access Development Department, NTT DOCOMO, INC. Jul 2019 Joined the Company, Senior Manager, Technology Development Division Aug 2019 Chief Research Engineer, Wireless Research Laboratory, and Senior Manager, Technology Development Division Jun 2020 Deputy Director, Wireless Research Laboratory Apr 2021 Director, Wireless Research Laboratory Jun 2021 Director, Executive Officer, General Manager, Wireless Research Laboratory Jun 2021 Director, Executive Officer, General Manager, R&D Center (current) Apr 2022 (current)
1967-03-09
Hiroji TOMII
Director, Executive Officer, General Manager, Core System Reform Promotion Office
Apr 1991 Joined the Company Apr 2015 General Manager, Design Department and General Manager, Development Department, High Frequency Division Jul 2016 Senior Assistant General Manager, Design Department and Development Department, High Frequency Division Jul 2017 Executive Officer, Assistant General Manager, Design Department, Senior Manager, Development Department, High Frequency Division Jul 2019 Executive Officer, General Manager, High Frequency Division, General Manager, Sales Department, General Manager, Design Department, Senior Manager, Development Department Apr 2022 Executive Officer, General Manager, High Frequency Division and General Manager, Business Promotion Department Apr 2023 Executive Officer, General Manager, High Frequency Division, General Manager, Business Promotion Department and General Manager, Development Department Jun 2023 Director, Executive Officer, General Manager, High Frequency Division Apr 2026 Director, Executive Officer, General Manager, Core System Reform Promotion Office (current)
1967-03-24
Hidehiro TSUKANO
Director
Apr 1981 Joined Fujitsu Limited Jun 2009 General Manager, Management Strategy Office, Fujitsu Limited May 2011 Executive Officer and General Manager, Management Strategy Office, Fujitsu Limited Apr 2014 Managing Executive Officer and CFO, Fujitsu Limited Jun 2015 Director, Managing Executive Officer and CFO, Fujitsu Limited Apr 2016 Director, Senior Managing Executive Officer and CFO, Fujitsu Limited Apr 2017 Director, Executive Vice President and CFO, Fujitsu Limited Jun 2017 Representative Director, Executive Vice President and CFO, Fujitsu Limited Jun 2019 Executive Vice Chairman, Fujitsu Limited May 2020 Advisor, NTT Advanced Technology Corporation Jun 2020 Outside Director, Kyoritsu Holdings Corporation Jun 2021 Outside Audit & Supervisory Board Member, Tsukishima Kikai Co., Ltd. (now Tsukishima Holdings Co., Ltd.) Jun 2021 Director, the Company (current) Jul 2021 Director, IOWN Integrated Innovation Center, Nippon Telegraph and Telephone Corporation (now NTT, Inc.) Jun 2023 Director, Research and Development, Nippon Telegraph and Telephone Corporation (now NTT, Inc.), and Representative Director, President, NTT Innovative Devices Corporation (current) Jun 2025 Advisor, Tsukishima Holdings Co., Ltd. Aug 2025 Outside Director, Nippon Calmic Ltd. (current)
1958-03-21
Jean-François MINIER
Director
Sep 1992 Equity Derivatives Trader, Indosuez W.I. Carr Securities Mar 1995 Vice President, Equity Derivatives Trader, Morgan Stanley Securities Feb 1997 Director and Head of Equity Derivatives Trading, NatWest Securities Mar 1998 CEO, Asia-Pacific, and General Manager, Tokyo Branch, Dresdner Kleinwort Mar 2009 Responsible for Corporate Development in Japan, Avisa Partners; Representative Director and Chairman, Antim Co., Ltd. Apr 2013 Managing Director and Head of Asia, Moore Group; Adviser, JA Kyoto Central Association Nov 2013 Adviser, President, Japan and Korea, Buhler Nov 2016 Non-Executive Director, First Names Group; Responsible for Corporate Development, Northeast Asia; Corporate Project Director, Rusal plc, United Company; Responsible for Relations, Asia Mar 2017 Director, Uenogakuen Educational Corporation (current) Jan 2019 Special Adviser, Les Roches Mariage Apr 2020 Outside Audit & Supervisory Board Member, Amuseum Parks Co., Ltd. (current); Managing Director, Crawl International Inc. Jun 2021 Director, the Company (current) Nov 2021 Senior Adviser, Crawl International Inc. Dec 2021 Representative Director, Les Roches Mariage Japon Co., Ltd. (current) May 2022 Regional Director, Asia-Pacific, Audere International (current) Aug 2023 Outside Director, noco-noco Inc. (current)
1970-11-20
Atsushi TAKAHASHI
Director
Oct 2000 Joined Deloitte Touche Tohmatsu LLC Jun 2004 Registered Certified Public Accountant Jul 2014 Partner, Deloitte Touche Tohmatsu LLC Aug 2020 Representative Partner, Partners SG Audit Corporation (now Partners Sogo Audit Corporation) Apr 2021 Outside Audit & Supervisory Board Member, INGS Inc. (current) Jun 2021 Director, the Company (current) Sep 2021 Outside Director, Atsumaru Co., Ltd. (current) Dec 2022 Chief Executive Partner, Partners Sogo Audit Corporation (current)
1976-10-13
Akiko HOSOKAWA
Outside Director
Apr 1997 Registered as Attorney-at-Law; joined Tokyo Aoyama Law Office (now Baker & McKenzie Aoyama Law Office, Foreign Law Joint Enterprise) Aug 2002 Seconded to Baker & McKenzie (now Baker McKenzie), London Dec 2003 Registered as Attorney in New York State, USA Feb 2004 Seconded to Planning Division, Financial Services Agency Jul 2006 Partner, Tokyo Aoyama Aoki Law Office (now Baker & McKenzie Aoyama Law Office, Foreign Law Joint Enterprise) Apr 2010 Part-time Lecturer (Financial Law), Graduate School of Business Sciences, University of Tsukuba Sep 2012 Visiting Professor (Financial Law), Graduate School of Strategic Management, Chuo University Jul 2017 Outside Member, Conflict of Interest Management Committee, Sumitomo Mitsui Trust Group, Inc. (current) Jan 2020 Member, Automobile Liability Insurance Deliberation Council, Financial Services Agency (current) Sep 2022 Part-time Lecturer (Trust Law), Faculty of Law, Sophia University Jun 2024 Partner, Atsumi & Sakai Law Office, Foreign Law Joint Enterprise (current) Jun 2025 Outside Director, the Company (current) Jun 2026 Outside Director, ORIX Corporation (current)
1966-09-12
Keiji NAGAMOTO
Full-time Audit & Supervisory Board Member
Apr 1990 Joined the Company Apr 2014 General Manager, Technology Department, Tokyo Branch, Branch Division Apr 2017 Senior Assistant General Manager, Technology Department and Business Promotion Department, Facility Engineering Division Jul 2017 Executive Officer, General Manager, Technology Department and Business Promotion Department, Facility Engineering Division May 2020 Representative Director, President, Denshko Seisakusho Co., Ltd. Apr 2021 Executive Officer, General Manager, Facility Management Division, Director, Technical Center, and Senior Assistant General Manager, Central Division Apr 2022 Executive Officer, General Manager, Construction Division, General Manager, Operations Management Division and Director, Technical Center Apr 2023 Executive Officer, General Manager, Construction Division Apr 2024 Executive Officer, Senior Manager, General Affairs and Human Resources Department Jun 2024 Full-time Audit & Supervisory Board Member (current)
1967-10-18
Yuichi CHO
Full-time Audit & Supervisory Board Member
Apr 1983 Joined the Company Apr 2010 General Manager, Production Control Department, High Frequency Division Apr 2013 Attached to Personnel Department (seconded to Kokusyo Co., Ltd.), General Manager, Production Department Mar 2015 General Manager, Manufacturing Department, High Frequency Division Apr 2017 General Manager, Quality Control Department, High Frequency Division Apr 2018 General Manager, General Affairs Department and General Manager, Quality Control Department, High Frequency Division Apr 2020 General Manager, General Affairs Department, General Manager, Safety Control Department and General Manager, Quality Control Department, High Frequency Division Apr 2021 Senior Assistant General Manager, General Affairs Department and General Manager, Quality Control Department, High Frequency Division Apr 2023 General Manager, Quality Control Department, High Frequency Division Mar 2026 Senior Specialist, Internal Audit Office Jun 2026 Full-time Audit & Supervisory Board Member (current)
1961-02-14
Rika SATO
Audit & Supervisory Board Member
Apr 1992 Registered as Attorney-at-Law Dec 1998 Registered as Attorney in New York State, USA Jun 2000 Joined Asahi Koma Law Offices (now Nishimura & Asahi) Jan 2003 Partner, Nishimura & Asahi Jun 2007 Partner, Jones Day, Foreign Law Joint Enterprise May 2015 Outside Audit & Supervisory Board Member, Dexerials Corporation Jan 2016 Partner, Ota & Sato Law Office Jul 2016 Audit & Supervisory Board Member, Lubrizol Japan Limited Jun 2018 Outside Director, CMK Corporation (current) Jun 2019 Outside Director, Dexerials Corporation Jul 2019 Managing Partner, Sato & Partners Law Office (current) Nov 2019 Examiner, Bar Examination and Preliminary Bar Examination (Civil Procedure Law) Jun 2021 Outside Director (Audit and Supervisory Committee Chair), Dexerials Corporation Jun 2022 Outside Director, Nippon Plast Co., Ltd. (current) Jun 2025 Outside Audit & Supervisory Board Member, the Company (current) Jun 2026 Outside Director (Audit and Supervisory Committee Member), Feed One Co., Ltd. (current)
1962-08-15
Takashi ARAI
Audit & Supervisory Board Member
Apr 1994 Joined Toyo Audit Corporation Sep 1997 Joined Aoyama Audit Corporation Oct 2001 Joined PricewaterhouseCoopers Tax Office (now PwC Tax Japan) Sep 2003 Owner, Arai Accounting Office (current) Apr 2004 Director (part-time), Shinjuku Koyama Building Co., Ltd. (current) Jan 2011 Partner, Ginza Kyodo Accounting Office Tax Corporation (now Asuka Partners Tax Corporation) Dec 2016 Representative Member, ForestOne Tax Corporation (current) Jun 2018 Outside Audit & Supervisory Board Member, Secual Co., Ltd. (current) Jun 2025 Outside Audit & Supervisory Board Member, the Company (current) Apr 2026 Representative Partner, Akashi Audit Corporation (current)
1969-03-25
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Annual report (as of 2026-03-31): 2.82%
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Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-21
Large Shareholding Report
EDINET
2026-09-30
Large Shareholding Report
EDINET
2026-09-17
Large Shareholding Report
EDINET
2026-08-14
Large Shareholding Report
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-21
Large Shareholding Report
EDINET
2026-06-30
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-19
Large Shareholding Report
EDINET
2026-06-12
Large Shareholding Report
EDINET
2026-05-25
Large Shareholding Report
EDINET
2026-05-12
Large Shareholding Report
EDINET
2026-05-11
Large Shareholding Report
EDINET
2026-02-20
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-22
Large Shareholding Report
EDINET
2026-01-22
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-11-10
Large Shareholding Report
EDINET
2025-10-06
Large Shareholding Report
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-04-03
Large Shareholding Report
TDnet
2025-03-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-07-09
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
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