Overview
Textiles and Apparels

KURABO INDUSTRIES LTD.

Kurabo Industries is a diversified manufacturer operating across five business segments: Textiles (yarns, fabrics, and sewn products), Chemical Products (flexible urethane foam, functional films, synthetic wood, and building materials), Environmental & Mechatronics (color/production management systems, inspection equipment, and biomass power generation), Food & Services (freeze-dried foods, hotel and driving school operations), and Real Estate. The company leverages over 130 years of materials expertise to serve industrial, consumer, and infrastructure markets both domestically and internationally. Its competitive strengths lie in its cross-segment technological capabilities and established manufacturing presence in Japan, Southeast Asia, and Brazil.

Market Cap
¥181B
US$1.15B
EV
¥102B
US$649M
Stock¥2,293▲+0.75%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
6.8
x
LTM EV/EBIT
10.2
x
LTM PER
15.8
x
LTM PBR
1.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+33.7%pt
100123
Oct 23, 25 – Oct 23, 26StockTOPIX
1Jan 9, 26Asset Value Investors Limited filed large shareholding report
2Jul 21, 26Asset Value Investors Limited changed stake (5.02%→4.64%)
3Aug 7, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
181BUS$1.15BMarket Cap8.03BUS$51.1M+ Debt14.8BUS$94.0M− Cash74.1BUS$472M− Inv. Sec.1.44BUS$9.14M+ NCI102BUS$649MEV
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Performance & Balance
Revenue 5Y (¥B)
132US$842M'22/3154US$978M'23/3151US$963M'24/3151US$959M'25/3144US$915M'26/3
EBITDA 5Y (¥B)
12.7US$81.0M'22/313.9US$88.2M'23/314.3US$90.9M'24/315.5US$98.5M'25/314.2US$90.4M'26/3
Net Income 5Y (¥B)
5.60US$35.7M'22/35.52US$35.1M'23/36.74US$42.9M'24/39.01US$57.4M'25/312.9US$82.0M'26/3
Capital Structure
94%
EquityD/E 0.06xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
48.1US$306M13.2US$84.0M'22/347.3US$301M15.4US$98.1M'23/369.6US$443M12.3US$78.6M'24/371.2US$453M11.0US$69.7M'25/385.1US$542M7.61US$48.5M'26/3
Shareholders
Top 10 hold 40.3%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
10.28%
2
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
5.68%
3
AVI JAPAN OPPORTUNITY TRUST PLC (Standing Proxy: Mizuho Bank, Ltd.)
4.54%
4
The Chugoku Bank, Limited (Standing Proxy: Custody Bank of Japan, Ltd.)
4.49%
5
Mizuho Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
3.45%
6
Sumitomo Mitsui Banking Corporation
3.45%
7
Custody Bank of Japan, Ltd. (Trust Account)
3.21%
8
TS TECH CO.,LTD.
1.90%
9
KURARAY CO.,LTD.
1.66%
10
Kurabo Kyoeikai (Kurabo Shareholding Association)
1.66%
Management
11 officers
Haruya FUJITA
Representative Director, Chairman
Apr 1983 Joined the Company Apr 2008 General Manager, Kamogata Plant Jun 2010 General Manager, Chemical Products Department, Specialty Chemicals Division Jun 2012 Director, Executive Officer, General Manager, Planning Office Jun 2013 Director, Managing Executive Officer Jun 2014 Representative Director, President Jun 2024 Representative Director, Chairman (current)
1958-07-26
Shinji NISHIGAKI
Representative Director, President
Apr 1986 Joined the Company Jun 2014 General Manager, Industrial Materials Department, Specialty Chemicals Division Apr 2018 General Manager, Industrial Materials Department, Specialty Chemicals Division; concurrently General Manager, Kumamoto Plant (currently Kumamoto Innovation Center) Jun 2018 Executive Officer Jun 2022 Managing Executive Officer Jun 2023 Director, Managing Executive Officer Jun 2024 Representative Director, President (current)
1962-07-11
Kenji KAWANO
Director, Senior Managing Executive Officer, General Manager, Environmental Mechatronics Division
Apr 1985 Joined the Company Apr 2011 General Manager, Hong Kong Office; concurrently President, Kurabo Fashion (Hong Kong) Co., Ltd. Sep 2013 General Manager, Hong Kong Office Apr 2014 Assistant to General Manager, Planning Office Jun 2014 Executive Officer Jun 2017 Director, Executive Officer, General Manager, Environmental Mechatronics Division Jun 2020 Director, Managing Executive Officer Jun 2026 Director, Senior Managing Executive Officer (current)
1962-03-19
Masahide NAKAGAWA
Director, Managing Executive Officer, General Manager, Textile Division
Apr 1985 Joined the Company Oct 2006 General Manager, Textile Sales Department, Tokyo Branch Jun 2017 Executive Officer, Overseas Business Supervisor, Textile Division Jun 2021 Managing Executive Officer May 2024 Representative Director, President, Kurabo International Co., Ltd. (current) Jun 2025 Director, Managing Executive Officer (current); General Manager, Textile Division (current)
1962-10-07
Kazuo MATSUI
Director, Executive Officer; in charge of Planning Office, Intellectual Property Department, and Technical Research Institute
Apr 1985 Joined the Company Jun 2018 Executive Officer, General Manager, Planning Office; concurrently Assistant to General Manager, Technical Research Institute Jun 2025 Director, Executive Officer, General Manager, Planning Office Jun 2026 Director, Executive Officer (current)
1963-01-18
Takayuki HIRAYAMA
Director, Executive Officer, General Manager, Specialty Chemicals Division
Apr 1990 Joined the Company Apr 2013 General Manager, Gunma Plant Jun 2019 General Manager, Technology Division, Specialty Chemicals Division Apr 2023 Chairman and General Manager, Guangzhou Kurabo Chemical Products Co., Ltd. May 2025 General Manager, Chemical Products Sales Department, Tokyo Branch, Specialty Chemicals Division Jun 2025 Executive Officer Jun 2026 Director, Executive Officer, General Manager, Specialty Chemicals Division (current)
1967-07-13
Osamu OKADA
Director (Full-time Audit and Supervisory Committee Member)
Apr 1984 Joined the Company Jun 2010 General Manager, Human Resources Department Jun 2012 Executive Officer Jun 2016 Director (Audit and Supervisory Committee Member) (current)
1960-10-21
Daisuke NIIKAWA
Director (Audit and Supervisory Committee Member)
May 1991 Registered as Certified Public Accountant Aug 1991 Registered as Certified Tax Accountant Apr 2002 Established Hokuto Tax Corporation; Partner, Hokuto Tax Corporation Jan 2003 Representative Partner, Hokuto Tax Corporation (current) Jun 2016 Director (Audit and Supervisory Committee Member), the Company (current)
1964-04-28
Motohide NISHIMURA
Director (Audit and Supervisory Committee Member)
Apr 1978 Joined Okasan Securities Co., Ltd. Aug 1995 Advisor, Senshu Dengyo Co., Ltd. Jan 1996 Director and Deputy General Manager, Sales, and General Manager, International Department, Senshu Dengyo Co., Ltd. Jan 1997 Managing Director and Deputy General Manager, Administration, and General Manager, Administration Department, Senshu Dengyo Co., Ltd. Jan 1998 Senior Managing Director, General Manager, Sales, and General Manager, Sales Administration Department, Senshu Dengyo Co., Ltd. Jan 2000 Representative Director, President, Senshu Dengyo Co., Ltd. (current) Jun 2018 Director (Audit and Supervisory Committee Member), the Company (current)
1955-07-06
Misako TANIZAWA
Director (Audit and Supervisory Committee Member)
Oct 1992 Joined Tohmatsu & Co. (currently Deloitte Touche Tohmatsu LLC) Apr 1996 Registered as Certified Public Accountant Oct 2004 Senior Manager, Deloitte Touche Tohmatsu LLC Feb 2017 Left Deloitte Touche Tohmatsu LLC Mar 2017 Established Tanizawa Certified Public Accountant Office Aug 2018 Registered as Certified Tax Accountant Jun 2019 Director (Audit and Supervisory Committee Member), the Company (current)
1961-11-29
Yuri KAWASHIMA
Director (Audit and Supervisory Committee Member)
Oct 2004 Registered as Attorney at Law; joined Ohebashi Law Office Sep 2010 Worked at Zuber & Taillieu LLP (Los Angeles) Apr 2011 Worked at LCT Lawyers (Ho Chi Minh City) Oct 2011 Registered as Attorney in the State of New York Jan 2015 Partner, Ohebashi Law Office (current) Jun 2026 Director (Audit and Supervisory Committee Member), the Company (current)
1978-06-04
Large Shareholding Reports
Asset Value Investors Limited
2026-07-21
5.02%→4.64%
Asset Value Investors Limited
2026-01-09
5.02%
Asset Value Investors Limited
2025-09-08
5.00%→4.00%
Asset Value Investors Limited
2025-05-08
5.00%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-21
Large Shareholding Report
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-09
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-08
Large Shareholding Report
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-05-08
Large Shareholding Report
TDnet
2025-02-10
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-07
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – 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
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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