KEIWA (TSE:4251) Shares Outstanding (EOP): 18 Mil (As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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TSE:4251 KEIWA Inc TSE:4251
86 GF Score
Price 円1,192.00
GF Value 円1,325.74
Valuation Modestly Undervalued
! 2 Warning Signs
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What is KEIWA Shares Outstanding (EOP)?

KEIWA TSE:4251 -2.13% 86 Shares Outstanding (EOP) is 18 Mil as of Dec. 2025. GuruFocus rates TSE:4251 with a GF Score™ of 86/100 and a GF Value™ of 円1,325.74 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. KEIWA's shares outstanding for the quarter that ended in Dec. 2025 was 18 Mil.

KEIWA's quarterly shares outstanding stayed the same from Sep. 2025 (18 Mil) to Dec. 2025 (18 Mil).

KEIWA's annual shares outstanding declined from Dec. 2024 (19 Mil) to Dec. 2025 (18 Mil). It means KEIWA bought back shares from Dec. 2024 to Dec. 2025 .


KEIWA  (TSE:4251) Shares Outstanding (EOP) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


KEIWA Shares Outstanding (EOP) Related Terms


KEIWA Shares Outstanding (EOP) Historical Data

* Premium members only.

The historical data trend for KEIWA's Shares Outstanding (EOP) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

KEIWA Shares Outstanding (EOP) Chart

KEIWA Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (EOP)
Get a 7-Day Free Trial Premium Member Only 19.23 9.63 19.27 19.28 18.50

KEIWA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Shares Outstanding (EOP) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.48 18.50 18.50 18.50 18.50

TSE:4251 vs APH, GLW: Shares Outstanding (EOP) Comparison

For the Electronic Components subindustry, KEIWA's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


KEIWA Shares Outstanding (EOP) vs Hardware Industry

For the Hardware industry and Technology sector, KEIWA's Shares Outstanding (EOP) distribution charts can be found below:

* The bar in red indicates where KEIWA's Shares Outstanding (EOP) falls into.


TSE:4251
86GF Score
KEIWA Inc TSE:4251
Shares Outstanding (EOP) is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

KEIWA Shares Outstanding (EOP) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that end of period. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (EOP) of 18 Mil mean?
KEIWA (TSE:4251) has a Shares Outstanding (EOP) of 18 Mil as of Dec. 2025. The total shares a company has outstanding, at period-end. View historical data on KEIWA and its competitors.
Is KEIWA's Shares Outstanding (EOP) too high?
KEIWA's current Shares Outstanding (EOP) is 18 Mil. Overall, KEIWA has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does KEIWA's Shares Outstanding (EOP) compare to APH and GLW?
KEIWA's Shares Outstanding (EOP) of 18 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for a Hardware company?
A good Shares Outstanding (EOP) depends on the Hardware industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on KEIWA and its competitors. KEIWA's current Shares Outstanding (EOP) is 18 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KEIWA stock overvalued right now?
Based on GuruFocus' analysis, KEIWA (TSE:4251) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,325.74, compared to a current price of 円1,192.00 — trading 10.1% below its estimated fair value. The current Shares Outstanding (EOP) is 18 Mil. KEIWA's overall GF Score™ is 86/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For KEIWA (TSE:4251), the current Shares Outstanding (EOP) is 18 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is KEIWA (TSE:4251) Overvalued in 2026?

Based on GuruFocus' analysis, KEIWA stock appears to be undervalued. The current stock price of 円1,192.00 is trading 10.1% below its estimated GF Value™ of 円1,325.74. GuruFocus considers KEIWA to be Modestly Undervalued.

Key valuation signals for TSE:4251:

  • Shares Outstanding (EOP): 18 Mil
  • GF Value™: 円1,325.74 vs. price of 円1,192.00 (10.1% below fair value)
  • GF Score™: 86/100 with 2 warning signs

No single metric tells the full story. See the TSE:4251 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


KEIWA Business Description

Address 3rd Floor, Sumitomo Life Insurance Kayabacho Building, 2-10-5 Nihonbashi Kayabacho, Chuo-ku, Tokyo, JPN, 103-0025
KEIWA Inc is a Japanese based company involved in the optical sheet and functional product business. The optical sheet business includes components of special optical films such as light diffusion sheets and condensing film protective films used in backlight units for liquid crystal displays such as smartphones, whereas the Functional product includes industrial packaging materials with specific functions (moisture resistance, heat resistance, durability), clean energy materials, and other industrial materials such as building materials and agricultural materials.
86GF Score

Get the complete analysis for TSE:4251

Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,192.00
Price
円1,325.74
GF Value