Overview
Chemicals

CLUSTER TECHNOLOGY CO.,LTD.

Cluster Technology Co., Ltd. develops and manufactures high-precision, high-functionality resin composite materials and precision molded components, serving markets including digital cameras, inkjet printers, barcode readers, and precision measurement instruments. The company's core product lines include EpoCluster® (precision functional molding compounds), EpoHard® (epoxy-based electrical insulation materials), Coolie (insulating encapsulant materials), and PasCom® (biomass-derived functional compounds), all leveraging proprietary resin compounding, molding, and mold-making technologies. Additionally, the company develops and sells the PulseInjector® inkjet system for research and development applications capable of ultra-micro liquid dispensing.

Market Cap
¥3.73B
US$23.8M
EV
¥2.77B
US$17.7M
Stock¥656▼-8.76%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
12.9
x
LTM EV/EBIT
20.2
x
LTM PER
36.6
x
LTM PBR
2.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+78.1%pt
10012345
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 13, 26Q1 FY2027/03 earnings announced
2Oct 13, 26Epson to acquire 14.91% stake as top shareholder via third-party share allotment
3Oct 14, 26Epson to become top shareholder (14.91%) via third-party share allotment in capital alliance
4Oct 15, 26Epson becomes top shareholder (14.91%) via third-party allotment, capital/business alliance
5Oct 16, 26Epson subscribes to third-party allotment, becomes 14.91% top shareholder
MC → EV Bridge
3.73BUS$23.8MMarket Cap0.01BUS$0.05M+ Debt0.77BUS$4.93M− Cash0.20BUS$1.26M− Inv. Sec.2.77BUS$17.7MEV
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Performance & Balance
Revenue 5Y (¥B)
0.91US$5.77M'22/30.93US$5.90M'23/30.92US$5.85M'24/31.02US$6.52M'25/31.30US$8.28M'26/3
EBITDA 5Y (¥B)
0.13US$0.82M'22/30.12US$0.74M'23/30.13US$0.83M'24/30.16US$1.05M'25/30.23US$1.48M'26/3
Net Income 5Y (¥B)
0.11US$0.73M'22/30.06US$0.38M'23/30.06US$0.36M'24/30.10US$0.64M'25/30.13US$0.80M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
0.95US$6.03M0.01US$0.09M'22/30.88US$5.59M0.01US$0.07M'23/30.89US$5.69M0.01US$0.09M'24/30.99US$6.31M0.01US$0.07M'25/31.09US$6.96M0.01US$0.05M'26/3
Shareholders
Top 10 hold 30.8%
1
Nobuo KONO
4.81%
2
Takashi OKUMA
4.74%
3
Yoshinori ADACHI
4.14%
4
Makoto SEKI
4.04%
5
Yasuhiko KONISHI
3.54%
6
Toshihiko ADACHI
2.89%
7
SBI SECURITIES Co., Ltd.
2.66%
8
NAGASE & CO.,LTD.
1.40%
9
Ueda Yagi Tanshi Co., Ltd.
1.35%
10
Sadamasa TSUCHIYA
1.23%
Management
7 officers
Yoshinori ADACHI
Representative Director, President; Head of Development Division
Apr 1994 Joined Tojin Electric Co., Ltd. Apr 1997 Joined the Company Apr 2007 Head of Development Division (current) Jun 2007 Appointed Director Jul 2014 Representative Director, Executive Managing Director Oct 2014 Head of Manufacturing Division No. 2 Jun 2017 Head of Manufacturing Division No. 1 Oct 2017 Representative Director, President (current)
1971-07-16
Masayuki FUJITA
Director; Head of Sales and Marketing Division
Apr 1979 Joined Japan Monopoly Corporation Jan 1992 Joined the Company Apr 2004 Plant Manager, Kanto Plant Nov 2004 Appointed Director (current) Apr 2005 Head of Manufacturing Division Oct 2008 Head of Manufacturing Division No. 2 Oct 2014 Head of Sales and Marketing Division (New Market Development) Apr 2016 Head of Manufacturing Division No. 2 Apr 2018 Head of Sales and Marketing Division (current)
1961-01-10
Kozo KOMAI
Director; Head of Administration Division
Apr 1981 Joined Tachibana Securities Co., Ltd. Sep 1994 Joined Soros Global Research Tokyo Representative Office Jun 1995 Joined Century Securities Co., Ltd. Jan 1998 Joined Takatori Corporation Dec 2004 Representative Director, President and Head of Sales Division, Takatori Corporation Jun 2013 Appointed Outside Director of the Company Jun 2017 Appointed Director (current) Jun 2017 Head of Administration Division (current)
1958-10-13
Toshihiko ADACHI
Director; Head of Manufacturing Division
Apr 1997 Joined Kurosu Studio Co., Ltd. Jul 2011 Joined the Company Apr 2020 Head of Manufacturing Division No. 2 Dec 2023 Head of Manufacturing Division (current) Jun 2026 Appointed Director (current)
1973-08-29
Shiro GOTO
Director, Audit and Supervisory Committee Member
Mar 1978 Joined Adachi Shinsangyo Co., Ltd. Oct 2000 Joined the Company Apr 2008 Deputy General Manager, Administration Department, Administration Division; Manager, Internal Audit Office Jun 2020 Director, Audit and Supervisory Committee Member (current)
1955-06-26
Shigeru MATSUMOTO
Director, Audit and Supervisory Committee Member
Apr 1985 Registered as attorney-at-law Apr 1988 Opened Matsumoto Shigeru Law Office Nov 1992 Registered as certified tax accountant Jun 2002 Appointed Audit & Supervisory Board Member of the Company Aug 2009 Representative, Matsumoto Shigeru Law and Tax Office (current) Jun 2016 Director, Audit and Supervisory Committee Member (current)
1952-02-14
Tetsuro HARA
Director, Audit and Supervisory Committee Member
Apr 1979 Joined Hitachi, Ltd. Apr 2002 General Manager, Hokkaido Branch Business Planning Department, Hitachi, Ltd. May 2003 Department Manager, Secretariat, Hitachi, Ltd. (Secretary General, Shunko Kondankai) Jun 2009 Joined Tokyo Shoken Daiko Co., Ltd. Jun 2009 Director, Planning Division, Tokyo Shoken Daiko Co., Ltd. Sep 2010 Director, Sales Division, Tokyo Shoken Daiko Co., Ltd. Feb 2013 Director, Planning Division, Tokyo Shoken Daiko Co., Ltd. Apr 2019 Senior Executive Officer, Tokyo Shoken Daiko Co., Ltd. Jun 2024 Director, Audit and Supervisory Committee Member (current)
1957-03-29
Large Shareholding Reports
No filings
Disclosures
M&A / Other
2026-10-09
Primary Source Filings
TDnet
2026-10-09
M&A / Other
EDINET
2026-10-09
Securities Registration Statement
TDnet
2026-08-12
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-30
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
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
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
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
2021-08-12
Quarterly Securities Report
EDINETAmended
2021-06-30
Amended Annual Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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