TIGERS POLYMER CORPORATION (4231)

Price history

¥998Latest+133.7%

Drag across the chart to measure the move between two points.Delayed 15 minutes · monthly closing basis

Business overview

The Group’s principal business is the manufacture of various components and component materials of the same or related types. Its main business consists of product groups across 3 divisions—Hoses, Rubber Sheets and Molded Products—as well as Other. Segments are classified by manufacturing location, and the Group operates a global structure centered on overseas production and local sales, utilizing locations in Japan and overseas. Its principal domestic locations include the Okayama, Tochigi and Shizuoka plants, equipment-related departments including the Purchasing Department, the Development and Research Institute, and the head office. Overseas locations include Tigerflex Corporation in the Americas; Tigers Polymer (Malaysia) Sdn. Bhd., Tigerpoly (Thailand) Ltd. and Tigerflex (Thailand) Co., Ltd. in Southeast Asia; Hangzhou Taihe Plastic Chemical Co., Ltd. and Guangzhou Taihe Plastics Co., Ltd. in China; and manufacturing and sales subsidiaries outside Japan, including Tigerpoly Mexico. The Group’s principal production and sales locations and major affiliated companies are as follows.

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Key numbersShowing 8 of 20

PER

33.56How many years of earnings it would take to buy the stock. The market average is generally considered to be around 15.

PBR

0.4How many times the company's net assets? Around 1x is generally considered a benchmark.

ROE

1.2%Earning power. A figure above 10% is generally considered good.

Dividend yield

0.0%The annual dividend as a percentage of the share price.

Market capitalization

¥20bnShare price × number of shares. The value of the entire company.

Equity ratio

73.9%The proportion of assets funded by money that does not have to be repaid.

Operating margin

6.8%The percentage of revenue remaining from the company’s core business.

Revenue growth (3 years)

6.0%The average annual growth in sales over the past three years.

What to watch next

Japan: Capital investment at the Okayama Plant (seats/mats), Tochigi Plant (industrial hoses), Purchasing Department (resin molding dies and other equipment) and Development Research Institute is scheduled for completion by around March 2027. The key question is whether the resulting improvements in production capacity and quality will be reflected in sales and earnings.

April 2026 to March 2027 (based on the planned completion schedule)Impact MediumLikelihood Medium

Whether the increase in R&D spending (up 13.9% year on year most recently) leads to adoption of new products, including next-generation automotive products and products compliant with the positive list under Japan's Food Sanitation Act

Second half of 2026 to 2027Impact MediumLikelihood Medium

Market launch and order progress, including mass production and customer adoption, for products compliant with the positive list under Japan's Food Sanitation Act, such as the Tie Duct Hose GR model

From 2026 onward (as progress disclosures are released)Impact HighLikelihood Low

Malaysian subsidiary Tigers Polymer (Malaysia) Sdn. Bhd.: the earnings and restructuring effects of its dissolution and liquidation, approved in April 2025, including whether one-off costs arise and the extent of any improvement

From 2025 onward (to be checked in financial results and notes)Impact MediumLikelihood Medium

The extent to which foreign exchange (the company has disclosed an overseas sales ratio of approximately 54% to 56%) and hedging measures such as forward contracts are supporting earnings after translation into yen

Quarterly (requires ongoing monitoring)Impact MediumLikelihood High

What to watch next

Who owns itTop holders total 48.1%

Listed holders 48.1%Everyone else 51.9%

Tigers Business Partners Shareholding Association10.03%

タイガー興産有限会社9.98%

T.P.C Employee Shareholding Association4.52%

Sawada Koji (澤田宏治)4.50%

Interactive Brokers LLC4.35%

三菱UFJ銀行3.96%

The Bank of Kyoto, Ltd.3.94%

澤田裕治2.43%

2 other listed holders4.42%

Who owns it
Holder	Ownership (%)
Tigers Business Partners Shareholding Association	10.03
タイガー興産有限会社	9.98
T.P.C Employee Shareholding Association	4.52
Sawada Koji (澤田宏治)	4.50
Interactive Brokers LLC	4.35
三菱UFJ銀行	3.96
The Bank of Kyoto, Ltd.	3.94
澤田裕治	2.43
2 other listed holders	4.42

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