Return on equity attributable to owners of parent (ROE) (%)
12.1
9.6
13.4
10.5
5.9
7.8
4.3
1.8
3.3
2.7
Return on assets (ROA) (%)
13.6
11.4
14.7
11.7
8.2
9.9
6.4
4.5
5.0
4.6
Effective statutory tax rate (%)
32.3
30.1
30.1
29.9
29.9
29.9
29.9
29.9
29.9
29.9
Average actual tax rate (%)
27.8
29.9
22.7
25.0
29.7
22.5
27.2
42.0
38.0
43.7
Average exchange rate (USD to Yen)
120.1
108.4
110.8
110.9
108.7
106.1
112.4
135.5
144.7
152.6
Average exchange rate (USD to Yuan)
18.9
16.1
16.7
16.5
15.6
15.7
17.5
19.8
20.1
21.1
Capital expenditures
17,064
11,199
8,640
7,412
7,619
6,686
14,466
14,606
13,564
21,654
Depreciation
9,314
9,036
9,676
9,778
10,225
9,616
9,204
10,005
11,062
12,484
R&D expenses
13,168
12,382
11,986
12,709
12,374
12,533
11,930
14,344
15,524
19,497
Total at End of Fiscal Year
Total assets
303,948
322,202
351,944
358,265
341,820
390,478
415,985
416,226
446,214
432,366
Property, plant and equipment
76,338
76,576
73,532
71,515
68,530
69,053
76,860
83,874
90,203
93,780
Interest-bearing liabilities
4,335
3,506
4,179
1,742
4,014
5,228
6,030
4,822
4,656
5,757
Total equity
219,092
230,989
259,924
277,424
274,552
301,450
325,583
323,458
348,703
325,686
Shareholders’ equity
189,497
204,800
229,866
249,904
259,233
271,278
275,144
265,756
267,362
251,759
Cash Flows
Cash flows from operating activities
47,531
34,045
48,406
43,806
44,193
25,151
20,018
30,445
37,659
28,713
Cash flows from investing activities
(25,299)
(12,409)
(12,742)
(18,321)
(5,366)
(11,709)
(17,196)
(20,970)
(8,669)
(35,867)
Cash flows from financing activities
(12,319)
(14,214)
(11,858)
(16,390)
(12,917)
(14,647)
(23,638)
(18,860)
(17,818)
(31,443)
Free cash flows
22,232
21,636
35,664
25,485
38,827
13,442
2,822
9,475
28,989
(7,153)
Revenue per Consolidated Segment
Japan
92,071
91,830
93,552
92,856
75,134
78,866
82,698
84,943
91,206
110,467
The Americas
247,087
213,008
224,867
195,604
176,346
141,924
144,527
194,015
240,100
263,555
China
96,513
94,990
121,266
89,187
82,729
117,652
115,236
117,800
87,539
70,814
Asia and Europe
59,257
59,825
76,041
66,822
51,967
34,021
34,202
40,164
48,962
45,050
Overseas revenue
395,571
361,980
412,252
342,496
303,544
288,303
289,660
348,854
371,593
375,488
Overseas revenue ratio (%)
86.2
85.0
86.0
83.1
84.4
83.3
82.8
85.3
84.1
81.5
Stock Information
Cash dividends per share*
33
35
40
42
43
45
54
63
73
83
Consolidated price to earnings ratio (PER) (Times)
7.6
10.4
9.5
8.4
11.5
10.8
14.9
40.6
25.1
23.8
Consolidated dividends payout ratio (%)
19.1
24.3
18.1
22.2
38.8
29.4
58.3
152.4
91.1
117.4
ROE：Income attributable to owners of parent/Total equity attributable to owners of parent (Average)
ROA：Income before income tax/Total assets (Average)
The company implemented a two-for-one stock split of its common shares, effective April 1, 2021. Per-share data has been retroactively adjusted as if the stock split had been effective at the beginning of FY2016.
Non-Financial Information
Social
In-House Training Sessions and Related Data (Non-consolidated)
FY2021
FY2022
FY2023
FY2024
FY2025
Human rights/diversity training (Number of times)
7
8
8
8
9
Training time per employee (Hours)
11.1
9.8
9.3
9.1
6.6
Training expenditures (Million yen)
21.6
34.6
34.3
26.6
56.7
Training expenditures per employee (Yen)
12,456
19,634
20,060
16,028
34,737
In-House Training Sessions: Number of Attendees (Non-consolidated)
(Unit: Persons)
FY2021
FY2022
FY2023
FY2024
FY2025
Practical training sessions for risk assessment*1
0*2
0*2
0*2
100
86
Mental health seminars
70*2
61*2
73*2
193
165
Seminars held for company employees. We have also held “Risk Assessment Training Regarding Specified Chemical Substances”.
Practical training sessions for risk assessment have been canceled in order to prevent the spread of COVID-19. For the same reason, mental health seminars have been held less often, canceled, or held using a different method, depending on the risk of infection in each workplace.
Employee Engagement (Non-consolidated)
FY2021
FY2022
FY2023
FY2024
FY2025
Engagement score*1
(30.4)
42.1
40.9
41.8
41.4
Response rate (%)
-
98.3
95.6
97.6
97.4
Percentage of employees highly satisfied with their company, work, supervisors, and workplace*2
-
29.4
28.8
32.2*3
33.1*3
For FY2021, the figure in parentheses represents the DI score from the employee satisfaction survey. From FY2022 onward, scores are based on Link and Motivation Inc’s Motivation Cloud.
Percentage of respondents who rated overall satisfaction in each category as 4 or higher on a 5-point scale.
Values are presented after truncating at the first decimal place.
Employment-related Data (Non-consolidated)
FY2021
FY2022
FY2023
FY2024
FY2025
Percentage of managers who are women (%)
2.6
2.9
2.7
2.8
3.0
Percentage of employees with a disability (%) Note: Designated employment rate: 2.3%
2.7
2.7
3.0
2.8
2.9
Percentage of employees who are non-Japanese (%)
0.6
0.6
0.6
0.6
0.5
Number of new graduates hired (Persons)
47
48
46
50
45
Number of employees who leave within three years of hiring (Persons)
5
2
5
6
11
Turnover rate within three years of hiring (%)
9.6
4.0
9.3
12.8
15.0
Percentage of employees hired mid-career* (%)
6.0
12.7
23.3
37.5
50.0
The percentage of employees hired mid-career among employees hired for regular employment
Major Personnel Data (Non-consolidated)
FY2021
FY2022
FY2023
FY2024
FY2025
Number of employees by gender*1 (Persons)
Male
1,551
1,573
1,526
1,482
1,454
Female
187
190
184
178
180
Total
1,738
1,763
1,710
1,660
1,634
Average years of service*1(Years)
Male
17.2
17.8
18.0
17.8
17.6
Female
15.8
16.2
16.2
16.7
16.6
Overall
17.1
17.6
17.9
17.7
17.5
Gender wage gap for workers*2(%)
All employees
72.3
72.4
71.9
74.0
72.4
Regular workers
78.6
77.7
76.5
78.2
77.9
Part-time and fixed-term contract workers
60.2
64.6
77.3
84.1
64.4
Only for regular workers
Ratio of average annual wages of female employees to average annual wages of male employees
Maternity, Childcare, and Nursing Care Leave Data (Non-consolidated)
FY2021
FY2022
FY2023
FY2024
FY2025
Percentage of employees taking paid leave (%)
96.6
99.4
104.1
103.7
102.6
Percentage of employees using half-day vacations (%)
58.4
65.8
66.4
65.0
66.5
Number of employees using maternity leave (Persons)
6
11
9
5
7
Number of employees using childcare leave (Persons)
Male
8
13
27
27
38
Female
6
10
9
6
6
Total
14
23
36
33
44
Percentage of employees using childcare leave (%)
Male
11
19
43
50
70
Female
100
100
90
100
100
Total
19
29
58
55
73
Rate of return to work after childcare leave (%)
Male
100
100
100
100
100
Female
100
100
88
100
100
Total
100
100
97
100
100
Number of employees using shorter working hours system for children (Persons)
Male
2
2
6
5
4
Female
15
15
18
22
23
Total
17
17
24
27
27
Number of employees using nursing care leave (Persons)
Male
1
1
0
0
0
Female
0
0
0
1
1
Total
1
1
0
1
1
Labor Union Data (Non-consolidated)
FY2021
FY2022
FY2023
FY2024
FY2025
Number of employees affiliated with the labor union (Persons)
1,504
1,504
1,457
1,422
1,392
Percentage of employees affiliated with the labor union* (%)
98
96
96
96
97
Calculations exclude managers
Industrial Accident Circumstances Consolidated (Includes regular, temporary, and dispatched employees)
FY2021
FY2022
FY2023
FY2024
FY2025
Number of industrial accident deaths (Persons)
0
0
0
1
0☑
Number of industrial accident injuries (lost worktime accidents) (Persons)
36
25
11
4
9
Lost Time Injury Frequency Rate (LTIFR) (%)*1
1.03
0.75
0.31
0.11
0.28☑
Severity rate*2 [Industry average] (%)
0.03
0.01
0.01
0.21
0.00
Industrial Accident Circumstances Contractors*3
FY2021
FY2022
FY2023
FY2024
FY2025
Number of industrial accident deaths (Persons)
0
0
0
0
0
Number of industrial accident injuries(lost worktime accidents) (Persons)
0
1
1
0
0
Lost Time Injury Frequency Rate (LTIFR) (%)
-
-
-
-
0.00
Severity rate [Industry average] (%)
-
-
-
-
0.00
Number of lost time fatalities and injuries during the fiscal year / Total annual working hours × 1,000,000
The total annual working hours on a consolidated basis is calculated as: Total annual working hours of TS TECH Co., Ltd. (non-consolidated) + (Number of working days per year at 35 consolidated subsidiaries in Japan and overseas × 8 hours × Number of personnel).
Lost time injury severity rate: Total lost workdays (lost time days × 0.82) / Total annual working hours × 1,000
Total number of workers at nine subcontractors operating within the domestic production sites of TS TECH Co., Ltd.
Figures marked with ☑ have been assured by SGS Japan Inc. through third-party verification.
* Click to enlarge
Number of Social Contribution Activities Conducted (Consolidated)
(Unit: Activities)
FY2021
FY2022
FY2023
FY2024
FY2025
188
155
213
290
224
Number of Social Contribution Activities Conducted in FY2025
(Unit: Activities)
Japan
The Americas
China
Asia and Europe
Total
Economic assistance
24
52
3
12
91
Social contribution activities
56
49
9
19
133
Total
80
101
12
31
224
Social Contribution Activity Expenditures (Non-consolidated)
(Unit: Thousand yen)
FY2021
FY2022
FY2023
FY2024
FY2025
17,303
282,063*
29,271
16,909
52,890
Includes facility repair expenses for Konosu Flower Stadium (Saitama Prefecture), the base venue for the activities of the baseball club.
Improvement Initiatives (Consolidated)
FY2021
FY2022
FY2023
FY2024
FY2025
Number of participating teams*1
0*2
334
367
392
308
Improvement activities undertaken by small groups. Generally referred to as a “QC (Quality Control) Circle,” the activities are aimed at developing human resources who can use the QC method to solve problems and manage and improve operations.
Activities were not implemented to prevent the spread of COVID-19.
Number of Patents Held
(Unit: Activities)
FY2021
FY2022
FY2023
FY2024
FY2025
Domestic
1,260
1,401
1,565
1,747
1,881
Overseas
704
800
864
879
963
Dialogue with Stockholders and Investors
FY2021
FY2022
FY2023
FY2024
FY2025
General Meeting of Shareholders: Number of attendees
9*1
7*1
18
30
33
Events for individual investors:Number of participants
0*2
0*2
0*2
0*2
16
IR/SR meeting record (Number of companies) (Including small meetings and conference calls)
355
269
290
291
233
To prevent the spread of COVID-19, shareholders were asked to refrain from attending the venue.
Events for individual investors were canceled to prevent the spread of COVID-19.
Governance-Related Data
(Unit: Cases [Yen])
FY2021
FY2022
FY2023
FY2024
FY2025
Fines and penalties for anti-competitive practices (Consolidated)
0[0]
0[0]
0[0]
0[0]
0[0]
Cases recognized as corruption or bribery (Consolidated)
Social