Azbil Corporation
Market: Tokyo Symbol: 6845 ISIN: JP3937200008 Sector: Electric Appliances

Since our establishment in 1906, we have focused on "measurement" and "control" technology, delivering unique solutions to our customers. Our evolution having taken us from the idea of controlling machines to the idea of creating fulfillment for people, we now strive to realize work styles and lifestyles that give people a sense of "safety", "comfort", and "fulfillment" as well as "to contribute to benefit the global environment" in our quest for “human-centered automation.” And we places great importance on the distribution of profits to our shareholders. The management would like to maintain stable dividends while striving to increase its dividends payout with the business growth.

 
Representative Corporate Executives

Director and Representative Corporate Executive, President & Group CEO

Kiyohiro Yamamoto
Director and Representative Senior Managing Corporate Executive

Takayuki Yokota

*Twelve directors in place including eight independent outside directors (23/6/2022)
Stock Information (12/08/2022)

Previous Close (Yen) 4,090
Change (%) 2.89
Volume 481,600
Number of Shares (Thousands) 143,700.88
Market Cap (Millions of Yen) 587,736.62

Shareholders Information (31/03/2022)


Shareholder Name Number of Shares (Thousands)

Percentage of Total Shares Issued (%)

The Master Trust Bank of Japan, Ltd. (Trust account)

20,794 14.93

SSBTC CLIENT OMNIBUS ACCOUNT

10,968 7.87
Meiji Yasuda Life Insurance Company 10,428 7.49

Custody Bank of Japan, Ltd. (Trust account)

6,356 4.56

Northern Trust CO. (AVFC) Re Fidelity Funds

4,649 3.33
 
Business Segment (2022/3)

3-Year Key Financial Figures Millions of yen
Fiscal Year 2020/3 2021/3 2022/3
Financial Results (For the Year):      
Net Sales 259,411 246,821 256,551
Gross profit 103,642 99,369 105,705
Operating income 27,255 25,720 28,231
Net income attributable to owners of parent 19,793 19,918 20,784
Capital expenditures 4,933 5,039 11,244
Depreciation 4,461 4,483 4,847
R&D expenses 11,788 11,181 12,108
Cash Flows (For the year):      
Net cash provided by (used in) operating activities 29,811 22,603 10,120
Net cash provided by (used in) investing activities (4,172) 283 (3,990)
Free cash flow 25,639 22,886 6,130
Net cash provided by (used in) financing activities (18,767) (6,996) (20,584)
Financial Position (At Year-end):      
Total assets 274,559 284,597 280,052
Net assets 185,301 200,607 203,141
Per Share Data:      
Net income (Yen) 140.80 142.77 150.79
Net assets (Yen) 1,313.17 1,420.52 1,459.08
Cash dividends (Yen) 50.00 55.00 60.00
Ratios:      
Gross profit/Net sales (%) 40.0 40.3 41.2
Operating income/Net sales (%) 10.5 10.4 11.0
R&D expenses/Net sales (%) 4.5 4.5 4.7
Shareholders’ equity/Total assets (%) 66.7 69.6 71.5
Return on equity (ROE) (%) 10.9 10.4 10.4
Dividend on equity (DOE) (%) 3.9 4.0 4.2
Dividend payout ratio (%) 35.5 38.5 39.8

Since our establishment in 1906, we have focused on "measurement" and "control" technology, delivering unique solutions to our customers. Our evolution having taken us from the idea of controlling machines to the idea of creating fulfillment for people, we now strive to realize work styles and lifestyles that give people a sense of "safety", "comfort", and "fulfillment" as well as "to contribute to benefit the global environment" in our quest for “human-centered automation.” And we places great importance on the distribution of profits to our shareholders. The management would like to maintain stable dividends while striving to increase its dividends payout with the business growth.


Representative Corporate Executives

Director and Representative Corporate Executive, President & Group CEO

Kiyohiro Yamamoto
Director and Representative Senior Managing Corporate Executive

Takayuki Yokota

*Twelve directors in place including eight independent outside directors (23/6/2022)
Stock Information (12/08/2022)


Previous Close (Yen) 4,090
Change (%) 2.89
Volume 481,600
Number of Shares (Thousands) 143,700.88
Market Cap (Millions of Yen) 587,736.62

3-Year Key Financial Figures Millions of yen
Fiscal Year 2020/3 2021/3 2022/3
Financial Results (For the Year):      
Net Sales 259,411 246,821 256,551
Gross profit 103,642 99,369 105,705
Operating income 27,255 25,720 28,231
Net income attributable to owners of parent 19,793 19,918 20,784
Capital expenditures 4,933 5,039 11,244
Depreciation 4,461 4,483 4,847
R&D expenses 11,788 11,181 12,108
Cash Flows (For the year):      
Net cash provided by (used in) operating activities 29,811 22,603 10,120
Net cash provided by (used in) investing activities (4,172) 283 (3,990)
Free cash flow 25,639 22,886 6,130
Net cash provided by (used in) financing activities (18,767) (6,996) (20,584)
Financial Position (At Year-end):      
Total assets 274,559 284,597 280,052
Net assets 185,301 200,607 203,141
Per Share Data:      
Net income (Yen) 140.80 142.77 150.79
Net assets (Yen) 1,313.17 1,420.52 1,459.08
Cash dividends (Yen) 50.00 55.00 60.00
Ratios:      
Gross profit/Net sales (%) 40.0 40.3 41.2
Operating income/Net sales (%) 10.5 10.4 11.0
R&D expenses/Net sales (%) 4.5 4.5 4.7
Shareholders’ equity/Total assets (%) 66.7 69.6 71.5
Return on equity (ROE) (%) 10.9 10.4 10.4
Dividend on equity (DOE) (%) 3.9 4.0 4.2
Dividend payout ratio (%) 35.5 38.5 39.8

Shareholder Name Number of Shares (Thousands)

Percentage of Total Shares Issued (%)

The Master Trust Bank of Japan, Ltd. (Trust account)

20,794 14.93

SSBTC CLIENT OMNIBUS ACCOUNT

10,968 7.87
Meiji Yasuda Life Insurance Company 10,428 7.49

Custody Bank of Japan, Ltd. (Trust account)

6,356 4.56

Northern Trust CO. (AVFC) Re Fidelity Funds

4,649 3.33