Overview
Construction

DAI-ICHI CUTTER KOGYO K.K.

Daiichi Cutter Kogyo specializes in cutting and boring (穿孔) construction services for asphalt and concrete structures, employing industrial diamond (Diamond Method) and water jet technologies across civil engineering, architectural renovation, urban infrastructure, road/airport, and industrial plant maintenance projects. The company operates nationwide through its parent entity and four consolidated subsidiaries covering Eastern Japan, Tokai, Kansai, Kanto, Okinawa, and Kyushu regions, serving primarily general contractors, road builders, and facility operators on public works-related projects. Additionally, the company provides building maintenance services including drainage pipe cleaning, water tank cleaning, and water supply equipment inspection for residential complexes and office buildings.

Market Cap
¥14.7B
US$93.5M
EV
¥2.94B
US$18.8M
Stock¥1,303▼-0.53%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
1.2
x
LTM EV/EBIT
1.7
x
LTM PER
9.2
x
LTM PBR
0.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-21.8%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
14.7BUS$93.5MMarket Cap0.26BUS$1.63M+ Debt10.9BUS$69.4M− Cash1.22BUS$7.81M− Inv. Sec.0.13BUS$0.84M+ NCI2.94BUS$18.8MEV
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Performance & Balance
Revenue 5Y (¥B)
20.9US$134M'22/622.2US$141M'23/620.9US$133M'24/620.2US$129M'25/620.1US$128M'26/6
EBITDA 5Y (¥B)
3.12US$19.9M'22/63.28US$20.9M'23/63.19US$20.3M'24/62.43US$15.5M'25/62.45US$15.6M'26/6
Net Income 5Y (¥B)
1.58US$10.1M'22/61.95US$12.4M'23/61.97US$12.6M'24/61.33US$8.46M'25/61.60US$10.2M'26/6
Capital Structure
99%
EquityD/E 0.01xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
8.39US$53.5M0.29US$1.82M'22/610.1US$64.1M0.47US$2.98M'23/610.5US$66.7M0.34US$2.16M'24/611.2US$71.7M0.33US$2.11M'25/612.1US$77.2M0.26US$1.63M'26/6
Shareholders
Top 10 hold 57.6%
1
Takashi WATANABE
14.26%
2
Diamond Kiko Co., Ltd.
10.86%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.41%
4
Custody Bank of Japan, Ltd. (Trust Account)
5.54%
5
Asahi Diamond Industrial Co.,Ltd.
4.35%
6
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
4.08%
7
Fukoku Mutual Life Insurance Company (Standing Proxy: Custody Bank of Japan, Ltd.)
3.48%
8
DAI-ICHI CUTTER KOGYO K.K. Employee Stock Ownership Association
3.47%
9
DANSKE BANK A/S FINNISH CLIENTS (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
2.13%
10
BNYM RE BNYMLB RE GPP CLIENT MONEY AND ASSETS AC (Standing Proxy: MUFG Bank, Ltd.)
2.03%
Management
11 officers
Masafumi ADACHI
Representative Director, President
Jun 2001 Joined the Company Jul 2007 Deputy Manager, Mito Sales Office Sep 2007 Manager, Mito Sales Office Apr 2009 General Manager, Building Maintenance Business Division Jul 2019 General Manager, Administration Division Dec 2021 Director Sep 2024 Representative Director, President (current) Oct 2025 Director, Diamond Kiko Co., Ltd. (current)
1978-02-14
Takashi FURUKI
Director, General Manager, Business Division
Apr 1993 Joined the Company Apr 2013 Deputy Manager, Chigasaki Sales Office Sep 2015 Director, Wall Cutting Kogyo Co., Ltd. Jul 2017 Manager, Tochigi Sales Office Jul 2019 Manager, Chigasaki Sales Office Oct 2021 Director, Komyo Construction Co., Ltd. Dec 2021 General Manager, Construction Division Aug 2022 General Manager, Sales Division Sep 2024 Director (current) Oct 2024 General Manager, Business Division (current)
1975-02-17
Masakazu MATSUDA
Director, General Manager, Administration Division
Apr 1982 Joined Toray Engineering Co., Ltd. Jun 2003 General Manager, General Affairs Department, Toray Engineering Co., Ltd. Jun 2009 Representative Director and President, Toray Engineering (Korea) Co., Ltd. Jun 2013 Director, General Manager, Administration Division, Toray Engineering Co., Ltd. Jun 2014 Audit & Supervisory Board Member (part-time), TMT Machinery Co., Ltd. (concurrent) Feb 2016 Representative Director and President (part-time), Toray Engineering (Korea) Co., Ltd. (concurrent) Jun 2019 Managing Director, Toray Engineering Co., Ltd.; in charge of group CSR, Administration Division and Legal Affairs Division Jun 2021 Managing Director, Toray Engineering Co., Ltd.; in charge of Internal Audit, Finance & Accounting, General Affairs & Human Resources, and CSR Jun 2022 Senior Executive Officer, Toray Engineering Co., Ltd.; General Manager, General Affairs & Human Resources and CSR Sep 2024 Director, General Manager, Administration Division (current)
1958-11-20
Yo ANRITSU
Director
Apr 1997 Joined the Company Jul 2007 General Manager, Construction Department Jan 2012 General Manager, Construction Division Aug 2013 Director, Wall Cutting Kogyo Co., Ltd. Sep 2013 Director Aug 2017 Director, Komyo Construction Co., Ltd. Sep 2018 Managing Director Apr 2020 Director, Unipec Co., Ltd. Sep 2020 Senior Managing Director Dec 2021 General Manager, Research & Development Office Jan 2025 General Manager, Technology Development Department (current) Sep 2026 Director (scheduled to assume office)
1974-06-01
Kyoko SONODA
Outside Director
Apr 1990 Joined All Nippon Airways Co., Ltd. Jan 2016 Joined Changewave Co., Ltd. May 2018 Director, Changewave Co., Ltd. Mar 2022 Representative Director, TARA PRESENCE Co., Ltd. (current) Jul 2024 Executive Advisor, Transform LLC. (current) Sep 2024 Outside Director, the Company (current)
1967-11-28
Masahiro YOKOYAMA
Audit & Supervisory Board Member (part-time)
Feb 2013 Joined Deloitte Touche Tohmatsu LLC Aug 2017 Joined Kono Certified Public Accountant Office Apr 2018 Director, CFO, Florence (certified NPO) Aug 2020 Representative, Masahiro Yokoyama Certified Public Accountant Office (now Fujibi Accounting Co., Ltd.) (current) Dec 2021 Outside Audit & Supervisory Board Member, the Company (current) Aug 2024 Representative Director, Fujibi Co., Ltd. (current)
1990-02-28
Akira SHIRASUNA
Director
Apr 1999 Joined Nippon Telegraph and Telephone Corporation (now NTT, Inc.) Jan 2002 Director, Photo Create Co., Ltd. (founding) Aug 2013 Representative Director, Spice Spirit Co., Ltd. (current) May 2015 Director, Alloba Co., Ltd. (founding) Jun 2015 Director, Shimauma Print System Co., Ltd. Jan 2017 Representative Director, CCC Photo Life Lab Co., Ltd. Jun 2018 Director, Kitamura Co., Ltd. Apr 2019 Managing Director, Kitamura Holdings Co., Ltd. Apr 2020 Outside Director, Digital Hollywood Co., Ltd. Aug 2022 Director, COO, Toshiba Data Co., Ltd. Nov 2023 Director, Ubiregi Inc. (current) Sep 2024 Outside Director, the Company (current)
1974-07-16
Motoo TANAKA
Outside Director
Apr 1986 Joined Nippon Telegraph and Telephone Corporation (now NTT, Inc.) Jul 1999 Transferred to NTT Communications Corporation (now NTT Docomo Business, Inc.) Jun 2014 Director, General Manager, Cloud Service Department, NTT Communications Corporation Jun 2016 Representative Director and President, NTTPC Communications, Inc. Jun 2021 Audit & Supervisory Board Member, NTT Facilities, Inc. Aug 2026 Advisor, Suntelephone Co., Ltd. (current) Sep 2026 Outside Director, the Company (scheduled to assume office)
1961-05-07
Naofumi SAKASHITA
Outside Director
Apr 1992 Joined Mitsui Home Co., Ltd. May 1997 Joined ORIX Corporation Jul 2011 Director, ORIX Investment and Management Pte. Ltd. Apr 2013 Joined Dydo Drinco, Inc. Feb 2015 General Manager, Strategic Investment Department, Dydo Drinco, Inc. Feb 2016 Representative Director and CEO, Dydo Drinco Turkey Jan 2020 Executive Officer, in charge of Europe; CEO of Turkey, UK and Russia subsidiaries, Dydo Group Holdings, Inc. Apr 2021 Joined Morinaga & Co., Ltd. as Executive Officer (equivalent), Chief Strategy Staff Oct 2021 General Manager, Strategic Investment Department, Morinaga & Co., Ltd. Sep 2022 Representative Director and President, House Partner Holdings, Inc. Apr 2023 Executive Officer, Matrisurge Inc. Apr 2023 Part-time Lecturer, Information Management Innovation Professional University (current) Jun 2023 Director, General Manager, Group Strategy Division, JFLA Holdings, Inc. Dec 2023 Head of Corporate Development, CEO Office, Kyash, Inc. May 2024 Director, CFO, Kozasa Kanosuke Distillery Co., Ltd. (current) Jun 2026 Advisory Board Member, Japan Cricket Association (current) Sep 2026 Outside Director, the Company (scheduled to assume office)
1968-08-10
Kyota SHIGEMOTO
Audit & Supervisory Board Member (full-time)
Apr 1986 Joined Yasuda Fire & Marine Insurance Co., Ltd. (now Sompo Japan Inc.) Apr 2008 Group Leader, Human Resources Department, Sompo Japan Inc. Jul 2011 General Manager, Ehime Branch, Sompo Japan Inc. Apr 2014 Managing Director, Sompo Japan Nipponkoa Insurance Service Co., Ltd. (now Sompo Japan Partners Inc.) Apr 2016 Executive Officer, General Manager, Sales Planning Department, Sompo Japan Inc. Apr 2018 Representative Director and President, SOMPO Business Solutions Co., Ltd. Jun 2018 Audit & Supervisory Board Member (part-time), Penta-Ocean Construction Co., Ltd. Jan 2020 Audit & Supervisory Board Member (part-time), Kotoh Kogyo Co., Ltd. (current) Sep 2026 Outside Audit & Supervisory Board Member, the Company (scheduled to assume office)
1963-03-24
Miwako FUNAMOTO
Audit & Supervisory Board Member (part-time)
Feb 2014 Registered as attorney (Tokyo Bar Association) Feb 2014 Joined Resolte Sogo Law Office Jun 2019 Outside Director, Asanuma Corporation Jan 2020 Joined Toranomon Daiichi Law Office Feb 2022 Partner Attorney, Toranomon Daiichi Law Office (current) Mar 2023 Outside Audit & Supervisory Board Member, Car Seven Digifield Co., Ltd. Jun 2023 Outside Director, AZ-COM Maruwa Holdings Inc. (current) Mar 2024 Outside Audit & Supervisory Board Member, Trend Micro Inc. (current) Sep 2025 Outside Audit & Supervisory Board Member, the Company (current)
1979-07-30
Large Shareholding Reports
Tsuyoshi Watanabe
2026-10-15
6.40%
Tsuyoshi WATANABE
2026-10-15
13.70%→0.00%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-15
Large Shareholding Report
EDINET
2026-10-15
Large Shareholding Report
EDINET
2026-09-28
Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2026-08-14
Full-Year Earnings Flash
FY ending Jun 2026
TDnet
2026-05-15
Q3 Earnings Flash
FY ending Jun 2026
EDINET
2026-02-13
Semi-Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2025-11-14
Q1 Earnings Flash
FY ending Jun 2026
EDINET
2025-09-29
Annual Securities Report
Period: Jul 2024 – Jun 2025
TDnet
2025-05-15
Q3 Earnings Flash
FY ending Jun 2025
EDINET
2025-02-14
Semi-Annual Securities Report
Period: Jul 2024 – Jun 2025
TDnet
2024-11-14
Q1 Earnings Flash
FY ending Jun 2025
EDINET
2024-09-30
Annual Securities Report
Period: Jul 2023 – Jun 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-09-28
Annual Securities Report
Period: Jul 2022 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-09-29
Annual Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINETAmended
2021-12-17
Amended Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-10-29
Annual Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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