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Overview

Pulp and Paper

AWA PAPER & TECHNOLOGICAL COMPANY,Inc.

Awa Paper & Technological is a Japanese specialty manufacturer of functional paper and nonwoven fabrics, developing products through co-creation with partner companies using proprietary papermaking, processing, and evaluation technologies cultivated over a century. The company serves the automotive sector with engine filter media, clutch plate friction base paper, and lead-acid battery separator paper, and the water treatment sector with nonwoven fabric substrates for reverse osmosis membranes used in seawater desalination and wastewater treatment. Additional product lines include functional papers for food packaging (oxygen absorber wrapping), electrical/electronic components, and other industrial applications.

Market Cap

¥3.91B

US$24.9M

¥17.3B

US$110M

Stock¥391▼-1.01%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

10.0

LTM EV/EBIT

32.3

LTM PER

3.5

LTM PBR

0.6

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-16.8%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

MC → EV Bridge

AI Briefing

Generating insights…

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

33%

67%

EquityD/E 2.02xDebt

Liquidity vs Debt 5Y (¥B)▼ Net Debt

CashInv. Sec.Debt

Shareholders

Top 10 hold 57.9%

as of 2026-03-31 · Source: Annual Securities Report

Tokuoosha Co., Ltd.

20.20%

MIKI & CO., LTD.

9.96%

Nisshin Co., Ltd.

8.00%

Fujihiko MIKI

4.31%

Yasuhiro MIKI

3.05%

The Awa Bank,Ltd.

2.97%

Tokyo Roki Co., Ltd.

2.88%

Yutaro MIKI

2.51%

AWA PAPER & TECHNOLOGICAL COMPANY,Inc. Employee Stock Ownership Association

2.01%

The Tokushima Taisho Bank, Ltd.

2.00%

Management

9 officers

Yasuhiro MIKI

Representative Director, Chairman and President, CEO

Apr 1987 Joined The Dai-Ichi Kangyo Bank, Ltd. (now Mizuho Bank, Ltd.) Oct 1992 Joined the Company Dec 1992 Representative Director, President Aug 1994 Chairman, Thai United Awa Paper Co., Ltd. (current) Apr 2003 Chairman, Awa Paper (Shanghai) Co., Ltd. Apr 2014 Director, Awa Paper (Shanghai) Co., Ltd. Jun 2020 CEO (current), CIO Jun 2022 CDO Jun 2025 Representative Director, Chairman and President (current)

1963-11-20

Yutaro MIKI

Representative Director, Vice President, COO, CSO, CDO

Apr 2013 Joined Mizuho Bank, Ltd. Jan 2017 Joined the Company Apr 2021 Deputy General Manager, Production Control Department Apr 2022 General Manager, Management Administration Department Apr 2023 Executive Officer Apr 2023 Director, Thai United Awa Paper Co., Ltd. (current) Jun 2023 Director Jun 2023 Managing Executive Officer Jun 2023 CDO, CSO (current) Jun 2023 General Manager, Tokyo Branch Jun 2024 General Manager, Tokyo Sales Department Jun 2025 Representative Director, Vice President (current) Jun 2025 COO (current)

1990-10-31

Hiroshi NAGAO

Director, Senior Managing Executive Officer, CTO

Apr 1980 Joined the Company Apr 2002 General Manager, Research and Development Department Apr 2004 Executive Officer Apr 2005 Managing Executive Officer Apr 2007 Executive Officer, General Manager, Production Control Department Apr 2008 Managing Director, Thai United Awa Paper Co., Ltd. Jun 2008 Director (current) Jun 2012 Managing Executive Officer, General Manager, Production Control Department Apr 2013 Director, Awa Paper (Shanghai) Co., Ltd. Apr 2015 Senior Managing Executive Officer (current) Jun 2020 CTO (current), CPO Jun 2022 COO

1957-11-16

Satoshi OKAZAWA

Director, Senior Executive Officer, CFO

Mar 1986 Joined the Company Oct 2008 General Manager, Management Administration Department May 2009 Supervisor, Awa Paper (Shanghai) Co., Ltd. Jun 2011 Executive Officer Jun 2012 General Manager, Corporate Planning Office Apr 2015 General Manager, Management Administration Department Jun 2017 Director (current) Jun 2018 Senior Executive Officer (current) Jun 2020 CFO (current) Feb 2021 General Manager, Management Administration Department Jun 2023 CRO Jun 2023 General Manager, Management Administration Department

1963-08-07

Yoshifumi KUSAKA

Director, Managing Executive Officer, General Manager, Production Division

Apr 1984 Joined the Company Apr 2010 General Manager, Ohata Plant Apr 2013 Head of Tokushima Sales Office, Sales Department Jun 2016 General Manager, Anan Plant Apr 2020 Executive Officer Jun 2024 Director (current) Jun 2024 Senior Executive Officer Jun 2025 Managing Executive Officer (current) Apr 2026 General Manager, Production Division (current)

1965-11-20

Mitsutomo OKAMOTO

Director (Non-Executive)

Apr 1978 Joined ASICS Corporation Sep 1990 Joined Sumitomo Business Consulting Co., Ltd. Apr 1995 Representative Director, Kyoiku Sogo Kenkyusho Co., Ltd. (current) Feb 1997 Representative Director, Power Interactive Co., Ltd. (current) Jun 2025 Director of the Company (current)

1956-01-26

Yoshihisa UCHIDA

Director, Audit and Supervisory Committee Member (Full-time)

Apr 1980 Joined The Awa Bank, Ltd. Aug 1997 Manager, Naruto East Branch, The Awa Bank, Ltd. Aug 1999 Manager, Ishii Branch, The Awa Bank, Ltd. Jun 2001 Manager, Nishi-Osaka Branch, The Awa Bank, Ltd. Jun 2004 Manager, Takamatsu Branch, The Awa Bank, Ltd. Jun 2006 General Manager, Internal Audit Department, The Awa Bank, Ltd. Jun 2008 General Manager, Management Administration Department, The Awa Bank, Ltd. Jun 2009 Full-time Audit & Supervisory Board Member, The Awa Bank, Ltd. Jun 2014 Representative Director, Awa Ginko Hosho Co., Ltd. Jun 2018 Representative Director, Shichifuku Kogyo Co., Ltd. (now Shichifuku Total Support Co., Ltd.) Jun 2018 Audit & Supervisory Board Member of the Company Jun 2020 Director (Non-Executive), Shichifuku Total Support Co., Ltd. Jun 2021 Full-time Audit & Supervisory Board Member of the Company Jun 2025 Director (Audit and Supervisory Committee Member) of the Company (current)

1957-05-01

Seisuke KUDO

Director, Audit and Supervisory Committee Member (Non-Executive)

Oct 1988 Joined Ota Showa & Co. (now EY ShinNihon LLC) Aug 1992 Registered as Certified Public Accountant May 1994 Registered as Certified Tax Accountant Jun 1995 Senior Partner, Uzushio Audit Corporation (current) May 2002 Senior Partner, Himawari Tax Accounting Firm (current) Jun 2007 Outside Audit & Supervisory Board Member, Nihon Flash Co., Ltd. Aug 2010 Outside Audit & Supervisory Board Member, Dentas Inc. (current) Jun 2020 Outside Director (Audit and Supervisory Committee Member), Nihon Flash Co., Ltd. Jun 2021 Audit & Supervisory Board Member of the Company Jun 2025 Director (Audit and Supervisory Committee Member) of the Company (current)

1964-01-13

Yasuhiko SHIMAUCHI

Director, Audit and Supervisory Committee Member (Non-Executive)

Apr 1990 Registered with the Daiichi Tokyo Bar Association May 1995 Transferred registration to the Tokushima Bar Association Apr 2011 Representative Attorney, Shimauchi Law Office (current) Chairman, Tokushima Bar Association Jun 2022 Audit & Supervisory Board Member of the Company Jun 2025 Director (Audit and Supervisory Committee Member) of the Company (current)

1962-05-17

Large Shareholding Reports

Fujihiko Miki

2026-08-20

6.07%→4.33%

Annual report (as of 2026-03-31): 4.31%

Tokuoosha Co., Ltd.

2025-09-26

19.86%→19.86%

Annual report (as of 2026-03-31): 20.20%

Tokuoosha Co., Ltd.

2025-08-29

19.86%→19.86%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Annual report (as of 2026-03-31): 20.20%

Tokuoosha Co., Ltd.

2025-08-25

19.86%→19.86%

Annual report (as of 2026-03-31): 20.20%

Disclosures

No disclosures

Primary Source Filings

EDINET

2026-08-20

Large Shareholding Report

AWA PAPER & TECHNOLOGICAL COMPANY,Inc.

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AWA PAPER & TECHNOLOGICAL COMPANY,Inc.

Try the full product

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