Overview
Textiles and Apparels

KITABO CO.,LTD

Kita Nippon Spinning Co., Ltd. operates across four business segments: spinning (manufacturing and sales of synthetic spun yarn), textiles (sales of ethnic garment fabrics primarily for Middle Eastern markets), healthcare (manufacturing and sales of non-woven fabric masks, other sanitary products, and nutritional functional foods), and recycling (processing plastic waste materials for resale as plastic resources). The company is headquartered in Ishikawa Prefecture with additional bases in Tokyo and Osaka. Its diversified business model spans traditional textile manufacturing through to healthcare consumables and circular economy initiatives.

Market Cap
¥2.75B
US$17.5M
EV
¥2.77B
US$17.7M
Stock¥87▲+29.85%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
1.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-66.6%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 6, 26Mid-2026 operation start expectations rise
MC → EV Bridge
2.75BUS$17.5MMarket Cap0.54BUS$3.44M+ Debt0.42BUS$2.65M− Cash0.18BUS$1.15M− Inv. Sec.0.08BUS$0.51M+ NCI2.77BUS$17.7MEV
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Performance & Balance
Revenue 5Y (¥B)
0.83US$5.29M'22/31.19US$7.56M'23/31.31US$8.34M'24/31.63US$10.4M'25/31.51US$9.60M'26/3
EBITDA 5Y (¥B)
-0.11-US$0.71M'22/3-0.12-US$0.78M'23/3-0.04-US$0.26M'24/3-0.03-US$0.20M'25/3-0.12-US$0.74M'26/3
Net Income 5Y (¥B)
-0.13-US$0.82M'22/3-0.27-US$1.73M'23/3-0.12-US$0.73M'24/3-0.06-US$0.35M'25/3-0.14-US$0.86M'26/3
Capital Structure
74%
26%
EquityD/E 0.36xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
0.48US$3.03M0.64US$4.07M'22/30.42US$2.71M0.75US$4.81M'23/30.36US$2.31M0.55US$3.48M'24/30.65US$4.17M0.54US$3.44M'25/30.65US$4.16M0.60US$3.82M'26/3
Shareholders
Top 10 hold 57.9%
1
PT ASIA PLASTIK VICTORI (Standing Proxy: Masaaki YOKOYAMA)
20.78%
2
Mitsuwa Jushi Kogyo Co., Ltd.
15.42%
3
Sky Saloon Travel Co., Ltd.
6.15%
4
Japan Securities Finance Co., Ltd.
3.03%
5
Toshiyuki HONDA
2.83%
6
Nakahara Securities, Inc.
2.31%
7
MATSUI SECURITIES CO.,LTD.
2.15%
8
Hideto NAOYAMA
2.07%
9
INTERACTIVE BROKERS LLC
1.67%
10
LUL International Co., Ltd.
1.51%
Management
7 officers
Toshiaki KASUYA
Representative Director, President
Apr 1982 Joined Mitsui Petrochemical Industries, Ltd. (now Mitsui Chemicals, Inc.) Jul 2007 Deputy General Manager, Phenol Division, Basic Chemicals Business Headquarters, Mitsui Chemicals, Inc. Dec 2010 General Manager, Industrial Chemicals Division, Basic Chemicals Business Headquarters, Mitsui Chemicals, Inc. Oct 2013 General Manager, Planning and Development Headquarters, Sumitomo Shoji Chemicals Co., Ltd. Apr 2015 Executive Officer, General Manager, Organic Chemicals Company, Sumitomo Shoji Chemicals Co., Ltd. Apr 2018 Director, Daiso Chemical Co., Ltd. Oct 2019 Director, Vice President, Wa-En Shoji Co., Ltd. May 2020 Representative Director, President, the Company (current)
1959-03-30
Toshio UCHIDA
Director
Apr 1974 Joined Nissho Iwai Corporation (now Sojitz Corporation), Tokyo Overseas Accounting Section Apr 1980 Tokyo Synthetic Resins Department, Nissho Iwai Corporation Apr 1987 Section Manager, Chemicals Division, Taipei Branch, Nissho Iwai Corporation Oct 1996 General Manager, Energy and Chemicals Division, Nissho Iwai Hong Kong Ltd. (Hong Kong subsidiary) Jul 2002 General Manager, Planning and Development Headquarters, Nissho Iwai Plastics Co., Ltd. (now Sojitz Planet Corporation) May 2006 Director, General Manager, Logistics Materials Division, Nissho Iwai Plastics Co., Ltd. Jul 2009 Joined O.G. Corporation Mar 2011 Seconded to Shanghai Ou Ji Trading Co., Ltd. (China) Apr 2014 Overseas Strategy Department, Management Planning Office, O.G. Corporation Aug 2019 Representative Director, International Human Resources Support Cooperative (current) May 2020 Director, the Company (current)
1951-04-02
Kenjiro SHINOHARA
Senior Managing Director
Sep 2011 Joined FFBC-Management Inc. Jan 2015 Joined Highsync Japan Co., Ltd. Jun 2016 Director, CMC Japan Co., Ltd. Sep 2018 Representative Partner, Success Investment May 2020 Director, the Company (current)
1985-03-09
Minchen GU
Director
Jul 1986 Design Engineer, Tongji University Architectural Design and Research Institute Feb 1995 Vice President, Tongji University Architectural Design and Research Institute Feb 2004 Representative Director, Shanghai Huadu Architectural Planning and Design Co., Ltd. Jul 2015 Senior Consultant, Shanghai Huadu Architectural Planning and Design Co., Ltd. (current) Jun 2022 Director, the Company (current)
1963-03-15
Manabu FUJIWARA
Director (Audit and Supervisory Committee Member)
Apr 1985 Joined hair salon Hair Do Sep 1994 Opened own salon, CAROL Jul 2011 Director, Hi-B Co., Ltd. May 2019 Joined Accrodea, Inc. (now THE WHY HOW DO COMPANY, Inc.) Oct 2021 General Manager, Administration Department, THE WHY HOW DO COMPANY, Inc. Jun 2024 Director (Audit and Supervisory Committee Member), the Company (current)
1965-08-31
Toru MOCHIZUKI
Director (Audit and Supervisory Committee Member)
Apr 1979 Joined The Norinchukin Bank Apr 1983 Seconded to JP Morgan Chase Bank, New York Head Office Apr 1988 Seconded to Ministry of Finance Apr 2001 Producer/Consultant, Institute for International Strategy, Mitsubishi Corporation Apr 2009 Joined Financial Institute Co., Ltd. (now Extend Inc.) Jun 2016 Outside Director, Kiryu Seika Co., Ltd. May 2020 Director, the Company Jul 2020 Director (Audit and Supervisory Committee Member), the Company (current)
1955-11-16
Yutaka KAWASAKI
Director (Audit and Supervisory Committee Member)
Apr 1996 Joined Fuso Co., Ltd. Sep 1988 Joined Anest Co., Ltd. Aug 2000 Director, Anest Co., Ltd. Apr 2008 Representative Director, President, ES Co., Ltd. Feb 2012 Secretary to a Member of the National Diet (current) Apr 2013 Advisor, Ile Engineering Co., Ltd. (current) Apr 2018 Advisor, Mondian Co., Ltd. (current) Jul 2020 Director (Audit and Supervisory Committee Member), the Company (current)
1974-03-25
Large Shareholding Reports
Mitsuwa Plastics Industry Co., Ltd.
2026-03-06
57.35%→54.98%
Annual report (as of 2026-03-31): 15.42%
Sky Saloon Travel Co., Ltd.
2026-03-04
7.02%
Annual report (as of 2026-03-31): 6.15%
Matsui Securities Co., Ltd.
2025-12-17
5.01%→4.00%
Annual report (as of 2026-03-31): 2.15%
PT ASIA PLASTIK VIKTORI CEO HENDRA
2025-12-17
57.26%→58.01%
Matsui Securities Co., Ltd.
2025-11-04
5.01%
Annual report (as of 2026-03-31): 2.15%
PT ASIA PLASTIK VIKTORI CEO HENDRA
2025-10-15
60.11%→57.26%
Disclosures
No disclosures
Primary Source Filings
EDINETAmended
2026-08-19
Amended Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-29
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-06-05
株主総会招集通知
EDINET
2026-03-06
Large Shareholding Report
EDINET
2026-03-04
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINETAmended
2026-01-28
Amended Securities Registration Statement
EDINETAmended
2026-01-22
Amended Securities Registration Statement
EDINET
2026-01-20
Securities Registration Statement
EDINET
2025-12-17
Large Shareholding Report
EDINET
2025-12-17
Large Shareholding Report
EDINETAmended
2025-11-26
Amended Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-11-04
Large Shareholding Report
EDINET
2025-10-15
Large Shareholding Report
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-30
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-19
Securities Registration Statement
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-14
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2024-04-05
Amended Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2024-04-05
Amended Quarterly Securities Report
Period: Sep 2023 – Sep 2023
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Sep 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-27
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
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