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 Directors
President and Chief Executive Officer Hirozumi Sone
* Four external directors in place (31/03/2019)
Stock Information (01/04/2020)

Previous Close (Yen) 2,702
Change (%) (3.64)
Volume 404,800
Number of Shares (Thousands) 145,200.88
Market Cap (Millions of Yen) 392,332.79

Shareholders Information (31/03/2019)


Shareholder Name Number of Shares (Thousands)

Percentage of Total Shares Issued (%)

Meiji Yasuda Life Insurance Company 10,428 7.18
The Master Trust Bank of Japan, Ltd. (Trust account) 10,291 7.08
SSBTC CLIENT OMNIBUS ACCOUNT 9,383 6.46
Japan Trustee Services Bank, Ltd. (Trust account) 8,703 5.99
JPMC Oppenheimer Jasdec Lending Account 4,637 3.19
 
Business Segment (2019/3)

3-Year Key Financial Figures Millions of yen
Fiscal Year 2017/3 2018/3 2019/3
Financial Results (For the Year):      
Net Sales 254,810 260,384 262,054
Gross profit 91,491 97,480 102,338
Operating income 20,145 24,026 26,690
Net income attributable to owners of parent 13,153 17,890 18,951
Capital expenditures 4,159 7,038 6,363
Depreciation 4,075 4,111 4,166
R&D expenses 10,445 11,261 11,896
Cash Flows (For the year):      
Net cash provided by operating activities 19,949 19,481 16,112
Net cash provided by (used in) investing activities (9,060) (48) (4,075)
Free cash flow 10,888 19,432 12,037
Net cash used in financing activities (6,441) (10,851) (12,024)
Financial Position (At Year-end):      
Total assets 263,317 273,805 275,518
Net assets 165,751 177,962 183,097
Per Share Data:      
Net income (Yen) 89.78 123.08 132.03
Net assets (Yen) 1,118.23 1,213.14 1,264.88
Cash dividends (Yen) 38.50 41.00 46.00
Ratios:      
Gross profit/Net sales (%) 35.9 37.4 39.1
Operating income/Net sales (%) 7.9 9.2 10.2
R&D expenses/Net sales (%) 4.1 4.3 4.5
Shareholders’ equity/Total assets (%) 62.2 64.3 65.7
Return on equity (ROE) (%) 8.3 10.5 10.6
Dividend on equity (DOE) (%) 3.5 3.5 3.7
Dividend payout ratio (%) 42.9 33.3 34.8

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 Directors
President and Chief Executive Officer Hirozumi Sone
* Four external directors in place (31/03/2019)
Stock Information (01/04/2020)


Previous Close (Yen) 2,702
Change (%) (3.64)
Volume 404,800
Number of Shares (Thousands) 145,200.88
Market Cap (Millions of Yen) 392,332.79

3-Year Key Financial Figures Millions of yen
Fiscal Year 2017/3 2018/3 2019/3
Financial Results (For the Year):      
Net Sales 254,810 260,384 262,054
Gross profit 91,491 97,480 102,338
Operating income 20,145 24,026 26,690
Net income attributable to owners of parent 13,153 17,890 18,951
Capital expenditures 4,159 7,038 6,363
Depreciation 4,075 4,111 4,166
R&D expenses 10,445 11,261 11,896
Cash Flows (For the year):      
Net cash provided by operating activities 19,949 19,481 16,112
Net cash provided by (used in) investing activities (9,060) (48) (4,075)
Free cash flow 10,888 19,432 12,037
Net cash used in financing activities (6,441) (10,851) (12,024)
Financial Position (At Year-end):      
Total assets 263,317 273,805 275,518
Net assets 165,751 177,962 183,097
Per Share Data:      
Net income (Yen) 89.78 123.08 132.03
Net assets (Yen) 1,118.23 1,213.14 1,264.88
Cash dividends (Yen) 38.50 41.00 46.00
Ratios:      
Gross profit/Net sales (%) 35.9 37.4 39.1
Operating income/Net sales (%) 7.9 9.2 10.2
R&D expenses/Net sales (%) 4.1 4.3 4.5
Shareholders’ equity/Total assets (%) 62.2 64.3 65.7
Return on equity (ROE) (%) 8.3 10.5 10.6
Dividend on equity (DOE) (%) 3.5 3.5 3.7
Dividend payout ratio (%) 42.9 33.3 34.8

Shareholder Name Number of Shares (Thousands)

Percentage of Total Shares Issued (%)

Meiji Yasuda Life Insurance Company 10,428 7.18
The Master Trust Bank of Japan, Ltd. (Trust account) 10,291 7.08
SSBTC CLIENT OMNIBUS ACCOUNT 9,383 6.46
Japan Trustee Services Bank, Ltd. (Trust account) 8,703 5.99
JPMC Oppenheimer Jasdec Lending Account 4,637 3.19