Overview
Chemicals

TIGERS POLYMER CORPORATION

Tigers Polymer Corporation manufactures and sells rubber and synthetic resin products across three core segments: hoses (including household hoses for vacuum cleaners, washing machines, and air conditioners, as well as industrial, civil engineering, and residential hoses), rubber sheets (packing materials, cushioning materials, and entrance mats), and molded products (rubber and resin components primarily for automotive applications, produced via extrusion, press, blow, and injection molding). The company serves diverse end markets including automotive, home appliances, electronics, civil engineering, construction, HVAC, and industrial machinery. Its competitive strengths lie in its integrated polymer processing capabilities and a global manufacturing and sales network spanning Japan, the Americas, Southeast Asia, and China.

Market Cap
¥18.6B
US$118M
EV
¥-1.48B
-US$9.41M
Stock¥961▼-2.83%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
8.4
x
LTM PBR
0.4
x
2026-08-25 closing price basis: ranked #58 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-20B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-26.8%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
18.6BUS$118MMarket Cap2.18BUS$13.8M+ Debt18.2BUS$116M− Cash7.10BUS$45.2M− Inv. Sec.3.03BUS$19.3M+ NCI-1.48B-US$9.41MEV
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Performance & Balance
Revenue 5Y (¥B)
40.9US$260M'22/345.3US$288M'23/347.9US$305M'24/349.3US$314M'25/350.1US$319M'26/3
EBITDA 5Y (¥B)
3.87US$24.6M'22/33.67US$23.4M'23/35.87US$37.3M'24/35.80US$36.9M'25/35.63US$35.8M'26/3
Net Income 5Y (¥B)
0.83US$5.29M'22/30.82US$5.20M'23/33.02US$19.2M'24/33.38US$21.5M'25/32.35US$15.0M'26/3
Capital Structure
96%
EquityD/E 0.05xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
14.4US$91.5M2.90US$18.5M'22/316.4US$105M3.20US$20.4M'23/321.7US$138M3.00US$19.1M'24/324.0US$153M2.80US$17.8M'25/323.7US$151M2.00US$12.7M'26/3
Shareholders
Top 10 hold 48.1%
1
TIGERS POLYMER CORPORATION Business Partners' Stock Ownership Association
10.03%
2
Tiger Kosan Co., Ltd.
9.98%
3
T.P.C Stock Ownership Association
4.52%
4
Koji SAWADA
4.50%
5
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
4.35%
6
MUFG Bank, Ltd.
3.96%
7
The Bank of Kyoto, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
3.94%
8
Yuji SAWADA
2.43%
9
Junji SAWADA
2.38%
10
TIGERS POLYMER CORPORATION Employee Stock Ownership Association
2.04%
Management
12 officers
Koji SAWADA
Representative Director, President
Apr 1990 Joined The Mitsubishi Bank, Ltd. (now MUFG Bank, Ltd.) Apr 1997 Joined the Company Apr 2005 Plant Manager, Okayama Plant Jun 2009 Director, General Manager of Manufacturing Division Jun 2013 Senior Managing Director Jun 2015 Representative Director, Senior Managing Director Jun 2021 Representative Director, President (current)
1967-10-13
Kentaro WATANABE
Director, Chairman of the Board
Apr 1971 Joined The Mitsubishi Bank, Ltd. (now MUFG Bank, Ltd.) Jul 2000 Joined the Company, General Manager of Accounting Department Jun 2002 Director, General Manager of Accounting Department Jun 2007 Managing Director, General Manager of Accounting Department Jun 2009 Representative Director, President Jun 2021 Representative Director, Chairman Jun 2023 Director, Chairman of the Board (current)
1948-12-22
Eiji UEDA
Managing Director
Feb 1985 Joined the Company Jun 2013 General Manager of Purchasing Department Jun 2016 Director, General Manager of Purchasing Department Apr 2017 Director, General Manager of Management Planning Department and Purchasing Department Oct 2019 Director, General Manager of General Affairs Department and Management Planning Department Apr 2020 Director, General Manager of General Affairs Department Jun 2021 Managing Director (current)
1957-04-03
Hiroyuki TOYODA
Managing Director, General Manager of Overseas Business Division
Apr 1988 Joined the Company Apr 2013 President, Tigerpoly (Thailand) Ltd. Aug 2019 General Manager of Second Sales Department Apr 2020 Executive Officer, General Manager of Automotive Sales Department Apr 2021 Executive Officer, General Manager of Automotive Sales Department and General Manager of Overseas Business Division Jun 2023 Director, General Manager of Overseas Business Division Apr 2025 Managing Director, General Manager of Overseas Business Division (current)
1964-11-17
Hiroaki INOUE
Director, General Manager of Accounting Department
Apr 1984 Joined the Company Jun 2009 General Manager of Accounting Department Jun 2019 Executive Officer, General Manager of Accounting Department Apr 2020 Executive Officer, General Manager of Accounting Department and General Manager of Management Planning Department Jun 2021 Director, General Manager of Accounting Department and General Manager of Management Planning Department Apr 2023 Director, General Manager of Accounting Department (current)
1961-07-28
Yasuhiko TOMITA
Director, General Manager of Quality Assurance Department
Apr 1987 Joined the Company Apr 2013 President, Tigerpoly Manufacturing, Inc. Jul 2019 President, Tigerpoly (Thailand) Ltd. Apr 2020 Executive Officer and President, Tigerpoly (Thailand) Ltd. Jul 2022 Executive Officer, in charge of Purchasing and Materials Departments Jun 2023 Director Jan 2024 Director, General Manager of Quality Assurance Department (current)
1964-03-01
Hidehiko GOTO
Director, General Manager of General Affairs Department
Apr 1991 Joined The Mitsubishi Bank, Ltd. (now MUFG Bank, Ltd.) Oct 2021 Joined the Company, General Manager of General Affairs Department Apr 2022 Executive Officer, General Manager of General Affairs Department Jun 2023 Director, General Manager of General Affairs Department (current)
1968-05-28
Hanako KONISHI
Director
Oct 2005 Completed Legal Training; appointed Public Prosecutor Mar 2009 Resigned as Public Prosecutor May 2009 Registered as Attorney-at-law May 2009 Joined Takebayashi, Hata, Nakagawa & Fukushima Law Office Apr 2014 Outside Director, Kindai Assist Co., Ltd. Jan 2019 Partner, Takebayashi, Hata, Nakagawa & Fukushima Law Office (current) Jun 2023 Director of the Company (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), Chuo Jidosha Kogyo Co., Ltd. (current)
1981-08-18
Takuto HOSOMI
Director
Dec 2008 Joined Azusa Audit Corporation (now Ernst & Young ShinNihon LLC) Oct 2014 Registered as Certified Public Accountant Jan 2017 Representative Director, Brunton Co., Ltd. (current) Jan 2017 Representative, Brunton Accounting Office (current) Jun 2024 Director of the Company (current) Oct 2024 Representative Partner, Brunton Audit Corporation (current)
1984-12-20
Yoichi TAMURA
Full-time Audit & Supervisory Board Member
Apr 1977 Joined the Company Jun 1999 General Manager of Internal Audit Office Apr 2005 Plant Manager, Shizuoka Plant Apr 2014 General Manager, Head Office Jun 2014 Audit & Supervisory Board Member (current)
1954-10-02
Toshihito KAMANAKA
Audit & Supervisory Board Member
Dec 2008 Joined Tohmatsu Audit Corporation (now Deloitte Tohmatsu LLC) Feb 2013 Registered as Certified Public Accountant Feb 2013 Registered as Certified Tax Accountant Feb 2013 Joined Suzue Comprehensive Accounting Office Jul 2014 Opened Toshihito Kamanaka Certified Public Accountant and Tax Accountant Office; Representative Certified Public Accountant and Tax Accountant (current) Jun 2021 Audit & Supervisory Board Member of the Company (current) Oct 2024 Outside Director, Neographic Co., Ltd.
1980-11-12
Satoko TOYAMA
Audit & Supervisory Board Member
Oct 2004 Registered as Attorney-at-law Oct 2004 Joined Nishimura & Tokiwa Law Office (now Nishimura & Asahi) Aug 2006 Joined Dojima Law Office (now Dojima Law Office LPC) Jan 2012 Partner, Dojima Law Office (current) Jun 2023 Audit & Supervisory Board Member of the Company (current) Jun 2024 Outside Audit & Supervisory Board Member, Utsue Valve Service Co., Ltd. (current)
1979-02-10
Large Shareholding Reports
Tiger Kosan Co., Ltd.
2026-05-08
9.77%→9.77%
Annual report (as of 2026-03-31): 9.98%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-08
Large Shareholding Report
TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-06
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2025-03-12
Amended Annual Securities Report
Period: Apr 2019 – Mar 2020
EDINETAmended
2025-03-12
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINETAmended
2025-03-12
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2025-03-12
Amended Annual Securities Report
Period: Apr 2020 – Mar 2021
EDINETAmended
2025-03-12
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Sep 2024
TDnet
2024-08-07
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
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
2023-06-21
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
2022-06-22
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-06-23
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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