Overview
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TMH Inc.

TMH Co., Ltd. is a semiconductor manufacturing total solution provider headquartered in Oita, Japan, offering parts sales, repair services, and used equipment trading to semiconductor factories primarily in Japan. The company operates 'LAYLA-EC,' a proprietary cross-border e-commerce platform launched in 2018 that aggregates over 369,000 items from more than 200 global suppliers, currently used by over 50% of domestic semiconductor factories. In addition to its digital platform, TMH leverages field engineering expertise—including equipment disassembly, relocation, installation, and process tuning—to provide end-to-end solutions for semiconductor manufacturers operating legacy equipment.

Market Cap
¥3.44B
US$22.0M
EV
¥2.80B
US$17.8M
Stock¥922▼-1.91%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
81.1
x
LTM EV/EBIT
116.5
x
LTM PER
156.5
x
LTM PBR
2.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-34.5%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jul 16, 26Q2 FY2026/11 earnings announced
MC → EV Bridge
3.44BUS$22.0MMarket Cap0.85BUS$5.42M+ Debt1.50BUS$9.54M− Cash0.00BUS$0.00M− Inv. Sec.2.80BUS$17.8MEV
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Performance & Balance
Revenue 5Y (¥B)
1.70US$10.8M'22/111.75US$11.1M'23/116.02US$38.4M'24/118.63US$55.0M'25/11
EBITDA 5Y (¥B)
0.33US$2.12M'24/110.37US$2.33M'25/11
Net Income 5Y (¥B)
0.22US$1.38M'22/110.12US$0.75M'23/110.27US$1.73M'24/110.25US$1.59M'25/11
Capital Structure
61%
39%
EquityD/E 0.64xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
'22/11'23/112.53US$16.2M'24/110.63US$4.04M0.37US$2.38M'25/11
Shareholders
Top 10 hold 69.7%
1
ET Family Asset Co., Ltd.
53.55%
2
SBI AI&Blockchain Investment Limited Liability Partnership
3.02%
3
Daisuke ENAMI
2.66%
4
CBC Co.,Ltd.
1.67%
5
Shu-Hung LIN (Standing Proxy: Rise Across Administrative Scrivener Corporation)
1.60%
6
Shu-Hsuan LIN (Standing Proxy: Rise Across Administrative Scrivener Corporation)
1.60%
7
SBI SECURITIES Co., Ltd.
1.58%
8
Rakuten Securities, Inc. (Joint Account)
1.49%
9
Maki SEKI
1.33%
10
Kenichi KATSUKI
1.23%
Management
7 officers
Daisuke ENAMI
Representative Director, President
Apr 2006 Joined Toshiba Corporation Jan 2010 Representative Director, Semifriend Co., Ltd. Mar 2012 Assumed position of Representative Director, President of the Company (current)
1982-04-08
Kenichi KATSUKI
Director, General Manager of Strategic SCM Business Division
Apr 1992 Joined Toshiba Corporation Jul 2016 Joined the Company, Business Promotion Department Feb 2017 Assumed position of Director of the Company (current); General Manager, Field Solutions Business Division Dec 2024 General Manager, Strategic SCM Business Division (current)
1973-06-15
Maki SEKI
Director, General Manager of Management Administration Department
Apr 2007 Joined Hitachi Transport System, Ltd. (currently Logisteed, Ltd.) Aug 2011 Joined Deloitte Tohmatsu Consulting LLC Dec 2015 Joined the Company, Management Administration Department Feb 2017 Assumed position of Director, General Manager of Management Administration Department of the Company (current)
1981-12-24
Osamu NOGIMURA
Director
Apr 1981 Joined Hitachi, Ltd. Apr 2003 Transferred to Renesas Technology Corp. Apr 2010 Transferred to Renesas Electronics Corporation Feb 2013 Executive Officer, Renesas Electronics Corporation; Head of Production Division Apr 2014 Representative Director, President, Renesas Semiconductor Package & Test Solutions Co., Ltd.; Executive Officer, Renesas Electronics Corporation Apr 2015 Representative Director, President, Renesas Semiconductor Package & Test Solutions Co., Ltd. Jun 2019 Joined Lenard Co., Ltd. Apr 2023 Assumed position of Outside Director of the Company (current)
1958-04-07
Yoshihiro NARUSAKO
Full-time Corporate Auditor
Apr 1983 Joined Kyushu Lease Service Co., Ltd. Sep 1994 Joined Hokusei Co., Ltd. Sep 1995 Joined Kansai Enzyme Co., Ltd. May 1996 Joined Kyusai Co., Ltd. Jun 2016 Joined Kinoko Life Co., Ltd. Jan 2017 Joined Three Size Co., Ltd. Nov 2017 Assumed position of Outside Corporate Auditor of the Company (current) Sep 2020 Outside Corporate Auditor, Be win Co., Ltd. (current) Feb 2023 Assumed position of Full-time Corporate Auditor of the Company (current)
1961-01-24
Yuichi IKUNO
Corporate Auditor
Oct 2003 Joined Law Office Agora Corporation (currently Agora Law Office Corporation) (current) Sep 2012 Outside Corporate Auditor, Grandiez Co., Ltd. (current) Dec 2017 Outside Corporate Auditor, Eto Sanso Co., Ltd. (current) Feb 2019 Outside Corporate Auditor of the Company Jan 2020 Outside Corporate Auditor, Eto Seisakusho Co., Ltd. (current) Feb 2020 Outside Corporate Auditor, Eto Sangyo Co., Ltd. (current) Feb 2023 Outside Corporate Auditor of the Company (current)
1979-01-03
Hideto TSUJI
Corporate Auditor
Dec 2005 Joined Tohmatsu & Co. (currently Deloitte Touche Tohmatsu LLC) Jun 2011 Joined Deloitte Tohmatsu Financial Advisory Co., Ltd. (currently Deloitte Tohmatsu Financial Advisory LLC) Dec 2013 Representative, Hideto Tsuji CPA Office (current) Dec 2013 Managing Partner, Impact Advisory LLC May 2015 Audit Board Member, Social Welfare Corporation Rakujukai (current) Dec 2015 Outside Corporate Auditor, Invalance Co., Ltd. (current) Apr 2017 Representative Director, Meta Co., Ltd. (current) May 2018 Director, Ryocho Co., Ltd. Feb 2019 Assumed position of Director of the Company Jul 2023 Assumed position of Corporate Auditor of the Company (current)
1979-05-22
Large Shareholding Reports
Daisuke ENAMI
2026-09-15
56.77%→55.90%
Annual report (as of 2026-05-31): 2.66%
Simplex Capital Investment Co., Ltd.
2026-07-28
14.84%
Simplex Asset Management Co., Ltd.
2026-07-28
0.98%→0.00%
SBI Investment Co., Ltd.
2026-06-02
5.43%→3.95%
SBI Investment Co., Ltd.
2026-05-28
6.25%→5.43%
Simplex Capital Investment Co., Ltd.
2026-05-19
15.04%
Simplex Capital Investment Co., Ltd.
2026-05-19
15.04%
SBI Investment Co., Ltd.
2026-04-23
6.76%→6.25%
SBI Investment Co., Ltd.
2025-10-22
6.77%→6.76%
Daisuke ENAMI
2025-08-26
56.77%→56.77%
Annual report (as of 2026-05-31): 2.66%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-15
Q3 Earnings Flash
FY ending Nov 2026
EDINET
2026-09-15
Large Shareholding Report
EDINET
2026-07-28
Large Shareholding Report
EDINET
2026-07-28
Large Shareholding Report
EDINET
2026-07-15
Semi-Annual Securities Report
Period: Dec 2025 – Nov 2026
EDINET
2026-06-02
Large Shareholding Report
EDINET
2026-05-28
Large Shareholding Report
EDINET
2026-05-19
Large Shareholding Report
EDINET
2026-05-19
Large Shareholding Report
EDINET
2026-04-23
Large Shareholding Report
EDINET
2026-04-17
Securities Registration Statement
TDnet
2026-04-14
Q1 Earnings Flash
FY ending Nov 2026
EDINET
2026-02-27
Annual Securities Report
Period: Dec 2024 – Nov 2025
EDINET
2025-10-22
Large Shareholding Report
TDnet
2025-10-14
Q3 Earnings Flash
FY ending Nov 2025
EDINET
2025-08-26
Large Shareholding Report
EDINET
2025-07-15
Semi-Annual Securities Report
Period: Dec 2024 – Nov 2025
TDnet
2025-04-14
Q1 Earnings Flash
FY ending Nov 2025
EDINET
2025-02-28
Annual Securities Report
Period: Dec 2023 – Nov 2024
EDINETAmended
2024-11-26
Amended Securities Registration Statement
EDINETAmended
2024-11-18
Amended Securities Registration Statement
EDINET
2024-10-31
Securities Registration Statement
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