Overview
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Kuroda Group Co.,Ltd.

Kuroda Group operates across two core segments: a manufacturing business producing niche industrial components including LCD alignment film printing plates, HDD parts (seals, labels, filters), automotive resin molded parts, aluminum die-cast products for motors, and ultrasonic soldering equipment; and a trading business distributing electronic components, electrical materials, semiconductors, and industrial equipment to automotive and electronics customers globally. The group serves customers in Japan, Thailand, China, Vietnam, and 12 overseas countries through a network of 30 consolidated subsidiaries, leveraging proprietary technologies and customized supply chain solutions.

Market Cap
¥48.4B
US$308M
EV
¥64.5B
US$412M
Stock¥1,139▲+0.26%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.2
x
LTM EV/EBIT
8.1
x
LTM PER
10.5
x
LTM PBR
1.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+11.0%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
48.4BUS$308MMarket Cap27.3BUS$174M+ Debt12.4BUS$78.9M− Cash0.00BUS$0.00M− Inv. Sec.1.30BUS$8.27M+ NCI64.5BUS$412MEV
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Performance & Balance
Revenue 5Y (¥B)
139US$888M'23/3127US$808M'24/3121US$774M'25/3123US$783M'26/3
EBITDA 5Y (¥B)
8.37US$53.4M'25/38.94US$57.0M'26/3
Net Income 5Y (¥B)
2.60US$16.6M'23/30.38US$2.41M'24/33.91US$25.0M'25/33.52US$22.5M'26/3
Capital Structure
61%
39%
EquityD/E 0.65xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
'23/3'24/315.5US$98.7M29.1US$186M'25/317.3US$110M27.1US$173M'26/3
Shareholders
Top 10 hold 14.1%
1
Custody Bank of Japan, Ltd. (Trust Account)
2.65%
2
STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)
1.99%
3
JP JPMSE LUX RE UBS AG LONDON BRANCH EQ CO (Standing Proxy: MUFG Bank, Ltd.)
1.80%
4
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
1.69%
5
BNYM AS AGT/CLTS NON TREATY JASDEC (Standing Proxy: MUFG Bank, Ltd.)
1.49%
6
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
0.99%
7
Nomura Securities Co., Ltd.
0.96%
8
BNYM SA/NV FOR BNYM FOR BNY GCM CLIENT ACCOUNTS M LSCB RD (Standing Proxy: MUFG Bank, Ltd.)
0.95%
9
Daiwa Securities Co. Ltd.
0.84%
10
JPMorgan Securities Japan Co., Ltd.
0.79%
Management
5 officers
Kazuo KAWAI
Director (Audit and Supervisory Committee Member)
Nov 1982 Joined Asahi Kaikeisha Audit Corporation (currently KPMG AZSA LLC) Aug 1986 Registered as Certified Public Accountant May 2000 Partner, same firm May 2007 Designated Partner, same firm May 2019 Chairman of National Partners' Meeting, same firm Jul 2020 Representative, Kazuo Kawai Certified Public Accountant and Tax Accountant Office (current) Jun 2022 Outside Director (Audit and Supervisory Committee Member), SRS Holdings Co., Ltd. (current) Apr 2023 Director (Audit and Supervisory Committee Member), the Company (current) Principal concurrent positions: Representative, Kazuo Kawai Certified Public Accountant and Tax Accountant Office; Director (Audit and Supervisory Committee Member), SRS Holdings Co., Ltd.
1958-02-14
Kozo NAKAYAMA
Representative Director, President and Executive Officer
Apr 1984 Joined Kuroda Electric Co., Ltd. Dec 2007 Managing Director, Kuroda Electric (Hong Kong) Co., Ltd. Jul 2009 Executive Officer, Kuroda Electric Co., Ltd., concurrently Managing Director, Kuroda Electric (Hong Kong) Co., Ltd. Jan 2016 Executive Officer, General Manager, Second Overseas Headquarters, Kuroda Electric Co., Ltd., concurrently President, Z. Kuroda (Thailand) Co., Ltd. Apr 2017 Executive Officer, Overall Supervision of First Overseas Operations, Kuroda Electric Co., Ltd. Apr 2020 Executive Officer, General Manager, Western Japan Sales Headquarters, Kuroda Electric Co., Ltd. Oct 2022 Director and Executive Officer, General Manager, Western Japan Sales Headquarters, Kuroda Electric Co., Ltd. Apr 2023 Representative Director, President and Executive Officer, Kuroda Electric Co., Ltd. Apr 2025 Executive Officer, Overall Supervision of Domestic Trading Operations, the Company, concurrently Representative Director, President and Executive Officer, Kuroda Electric Co., Ltd. Jun 2026 Representative Director, President and Executive Officer, the Company (current)
1961-01-31
Shinya YASUDA
Director and Executive Officer
Apr 1989 Joined Kyokuto System Service Co., Ltd. (currently World Business Center Co., Ltd.) Sep 1992 Joined Hamada Co., Ltd. Jul 1998 Joined Suntec Co., Ltd. Nov 2000 Joined Kuroda Electric Co., Ltd. Apr 2020 Transferred to Kuroda Management Service Co., Ltd. (currently Kuroda Group Co., Ltd.), General Manager, Information Management Department Apr 2023 Executive Officer, Overall Supervision of Digital Operations, the Company Apr 2025 Executive Officer, Overall Supervision of Administration, the Company; Director, Nichido Denko Co., Ltd. (current) Jun 2026 Director and Executive Officer, Overall Supervision of Administration, the Company (current)
1969-02-06
Akihiro TOZAWA
Director (Audit and Supervisory Committee Member)
Oct 2005 Joined Nagashima Ohno & Tsunematsu Sep 2011 Joined Quinn Emanuel Urquhart & Sullivan LLP (Los Angeles) Jan 2013 Joined TMI Associates Jun 2014 Vice Chairman, Committee on Countermeasures against Civil Intervention Violence, Dai-Ichi Tokyo Bar Association (current) Jun 2015 Special Committee Member, Nasu Denki Tekko Co., Ltd. (current) Jun 2015 Outside Audit & Supervisory Board Member, Ponos Co., Ltd. (current) Nov 2016 Partner, T&K Law Office (current) Jan 2018 Audit & Supervisory Board Member, Spiderplus Inc. Aug 2021 Director, ALBERT Inc. (currently Accenture Japan Ltd.) Apr 2023 Director (Audit and Supervisory Committee Member), the Company (current) Principal concurrent positions: Partner, T&K Law Office; Outside Audit & Supervisory Board Member, Ponos Co., Ltd.
1980-03-03
Hisao HANDA
Director (Full-time Audit and Supervisory Committee Member)
Apr 1992 Joined Mitsubishi Heavy Industries, Ltd. Aug 2014 Seconded to Mitsubishi Motors Corporation, General Manager, Business Accounting Department, Accounting Headquarters Aug 2018 General Manager, Finance Department No. 1, Domain Finance Headquarters, Mitsubishi Heavy Industries, Ltd. Nov 2019 General Manager, Management and Financial Planning Department, concurrently Deputy General Manager, Domain Finance Headquarters, Mitsubishi Heavy Industries, Ltd. Nov 2020 Joined Nitto Boseki Co., Ltd.; Executive Officer, General Manager, Accounting and Finance Department, Administration Headquarters, concurrently Senior Expert, Corporate Planning Department Feb 2022 Joined Sekisui House, Ltd.; Executive Specialist, Breakeven Management Promotion Office, Accounting Department Jan 2024 Joined the Company Oct 2024 General Manager, President's Office, the Company Apr 2025 Executive Officer, General Manager, President's Office, the Company; Director, Kuroda Auto-Tech Japan Co., Ltd. Jun 2026 Director (Full-time Audit and Supervisory Committee Member), the Company (current) Audit & Supervisory Board Member, Kuroda Electric Co., Ltd. (current) Audit & Supervisory Board Member, Komuratec Co., Ltd. (current)
1968-11-30
Large Shareholding Reports
KM2, L.P.
2025-08-22
8.31%→0.00%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-08-22
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-12-06
Amended Securities Registration Statement
EDINETAmended
2024-11-28
Amended Securities Registration Statement
EDINET
2024-11-12
Securities Registration Statement
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