Overview
Chemicals

POVAL KOGYO CO.,LTD.

Poval Kogyo is a Japanese manufacturer specializing in resin-processed products and industrial machinery, operating through two core segments. The Comprehensive Adhesive & Resin Processing segment produces special conveyor belts (serving automotive, steel, and food industries), functional belts (including spinning belts for high-grade textile manufacturing), transmission belts, and ultra-precision abrasive pads used in the manufacture of silicon wafers, hard disk substrates, and LCD glass. The Special Design Machinery segment manufactures industrial equipment including conveyors, rotary heat exchangers (primarily for the food industry), and mechanical seals (for chemical process applications), leveraging proprietary material selection, adhesive bonding, and resin processing technologies.

Market Cap
US$22.9M
¥3.67B
EV
US$12.1M
¥1.93B
StockUS$8.71(¥1,391)▼-1.21%
US$1 = ¥159.70 (2026-11-12)
LTM EV/EBITDA
2.9
x
LTM EV/EBIT
3.6
x
LTM PER
8.0
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-13.1%pt
100
Nov 13, 25 – Nov 13, 26StockTOPIX
MC → EV Bridge
US$22.9M¥3.67BMarket CapUS$1.37M¥0.22B+ DebtUS$7.79M¥1.24B− CashUS$4.54M¥0.73B− Inv. Sec.US$0.10M¥0.02B+ NCIUS$12.1M¥1.93BEV
AI Briefing
Niche resin-processing and industrial machinery maker — belts, precision abrasive pads, mechanical seals — serving autos, steel, food, and semiconductor/display customers across a Japan/Thailand/Korea/China footprint. FY26/3 revenue US$22.5M (¥3.6B) with OP margin recovering to 11.7% after a dip to 7.0% in FY25/3, showing margin volatility within a flat top-line. Ownership is concentrated, with KAY Co. holding a third of shares and Mitsubishi Shokai-linked and founding-family holders among the top ranks. Not in public data on any stated capital allocation plan or tender offer.
Performance & Balance
Revenue 5Y (US$)
US$21.8M¥3.48B'22/3US$22.3M¥3.57B'23/3US$22.5M¥3.59B'24/3US$21.2M¥3.38B'25/3US$22.6M¥3.61B'26/3
EBITDA 5Y (US$)
US$3.10M¥0.50B'22/3US$3.22M¥0.51B'23/3US$2.78M¥0.44B'24/3US$2.39M¥0.38B'25/3US$3.50M¥0.56B'26/3
Net Income 5Y (US$)
US$1.75M¥0.28B'22/3US$1.60M¥0.26B'23/3US$1.16M¥0.19B'24/3US$0.50M¥0.08B'25/3US$2.33M¥0.37B'26/3
Capital Structure
97%
EquityD/E 0.04xDebt
Liquidity vs Debt 5Y (US$)▲ Net Cash
CashInv. Sec.Debt
US$12.4M¥1.98BUS$0.13M¥0.02B'22/3US$12.0M¥1.91BUS$0.13M¥0.02B'23/3US$9.73M¥1.55BUS$0.13M¥0.02B'24/3US$10.7M¥1.71BUS$1.38M¥0.22B'25/3US$11.8M¥1.88BUS$1.38M¥0.22B'26/3
Business Segments
2026/03 · US$ (¥B)
82%
General bonding and resin processing
Revenue
US$18.5M(¥2.96B)
Segment profit
US$2.49M(¥0.40B)13.4%
18%
Machine design and development service
Revenue
US$4.05M(¥0.65B)
Segment profit
US$0.38M(¥0.06B)9.3%
Adjustments
Revenue
-US$0.00M(¥-0.00B)
Segment profit
-US$0.23M(¥-0.04B)
No segment changes in the last 5 years
Shareholders
Top 10 hold 63.7%
1
KAY Co., Ltd.
33.34%
2
Hikari Tsushin Co., Ltd. Investment Business Limited Partnership
6.49%
3
Aki KANDA
3.91%
4
Yuka KANDA
3.91%
5
POVAL KOGYO CO.,LTD. Employee Stock Ownership Association
3.52%
6
Takao KANDA
3.01%
7
Seitaro KANDA
2.73%
8
Shinobu HOTTA
2.73%
9
Sachiko NAKAJIMA
2.41%
10
Katsuhiko MURAOKA
1.66%
Management
7 officers
Takatoshi MATSUI
Representative Director, President
Apr 1984 Joined the Company Jun 2012 General Manager, Sales Department Jun 2013 Director, General Manager, Sales Department Jun 2015 Representative Director, President (current) Jul 2016 Director, POVAL KOBASHI (THAILAND) CO., LTD. (currently POVAL KOGYO (THAILAND) CO., LTD.) (current) Oct 2016 Director, Nisshin Seisakusho Co., Ltd. Jul 2017 Director, Unicar Kogyo Co., Ltd. Sep 2018 Director, POBAL DEVICE KOREA CO., LTD. Aug 2019 Director, RST Denki Kogyo Co., Ltd.
1965-04-03
Masamichi MOMIYAMA
Director in charge of Manufacturing, Technology and Sales Departments
Mar 1992 Joined Toho Rayon Co., Ltd. (currently Teijin Limited) May 1993 Joined the Company Apr 2015 General Manager, Technology Department Apr 2018 Executive Officer, General Manager, Manufacturing Department and General Manager, Technology Department Jun 2019 Director, General Manager, Manufacturing Department and General Manager, Technology Department Sep 2020 Director, Nisshin Seisakusho Co., Ltd. Sep 2020 Director, Unicar Kogyo Co., Ltd. Sep 2020 Director, RST Denki Kogyo Co., Ltd. Sep 2021 Director in charge of Manufacturing, Technology and Sales Departments (current)
1969-11-19
Koichi OSHIMA
Director
Oct 1996 Joined Ito Accounting Office, Audit Corporation Apr 1999 Registered as Certified Public Accountant Aug 2007 Joined Azsa Audit LLC (currently Azsa LLC) Aug 2009 Opened Oshima Certified Public Accountant Office (current) Jun 2012 Director, Crops Co., Ltd. Jun 2014 Director, the Company (current) Jul 2015 Representative Partner, Tokai Accounting Firm (current) Jun 2016 Director (Audit and Supervisory Committee Member), Crops Co., Ltd.
1968-12-17
Yoshie YOKOI
Director
Apr 1991 Joined Orix Corporation Nov 1997 Joined Nagoya Nishiki Development Co., Ltd. Aug 2000 Joined Soumu System Service Co., Ltd. Dec 2016 Registered as Certified Social Insurance and Labor Consultant Apr 2017 Opened Yokoi Yoshie Certified Social Insurance and Labor Consultant Office (current) Jun 2021 Director, the Company (current) Dec 2021 Director, Gifu Zoen Co., Ltd. (current)
1968-07-02
Kazunobu SAGO
Statutory Auditor
Apr 1982 Joined Nagoya Regional Taxation Bureau Jul 2019 Head, Kojima Tax Office Jul 2020 Chief, General Investigation Coordination Section, Investigation Department, Nagoya Regional Taxation Bureau Jul 2021 Chief, Investigation Management Section, Investigation Department, Nagoya Regional Taxation Bureau Jul 2022 Deputy Director, Investigation Department, Nagoya Regional Taxation Bureau Jul 2023 Head, Showa Tax Office Sep 2024 Principal, Kazunobu Sago Tax Accountant Office (current) Jun 2025 Statutory Auditor, the Company (current)
1963-04-12
Kazuo ITO
Statutory Auditor
Oct 1996 Joined Ito Accounting Office, Audit Corporation Apr 2000 Registered as Certified Public Accountant Nov 2005 Opened Kazuo Ito Certified Public Accountant Office (current) Sep 2006 Representative Director, Ito Accounting Office Co., Ltd. (current) Jun 2008 Statutory Auditor, santec Co., Ltd. (currently santec Holdings Co., Ltd.) Apr 2009 Statutory Auditor, the Company (current) Jun 2013 Statutory Auditor, Tosho Co., Ltd. Jun 2020 Director (Audit and Supervisory Committee Member), santec Co., Ltd. (currently santec Holdings Co., Ltd.)
1968-04-11
Soichiro HANAMURA
Statutory Auditor
Dec 2015 Registered as Attorney at Law Dec 2015 Joined Haruma & Noguchi Law Office (currently andLEGAL Law Corporation) (current) Jun 2024 Substitute Audit and Supervisory Committee Member, Aica Kogyo Co., Ltd. Jun 2025 Statutory Auditor, the Company (current)
1988-08-11
Large Shareholding Reports
KAY Co., Ltd.
2026-11-13
33.34%→33.34%
Annual report (as of 2026-09-30): 33.34%
KAY Co., Ltd.
2026-10-09
33.34%→33.34%
Annual report (as of 2026-09-30): 33.34%
Koutsushin Co., Ltd.
2025-09-26
7.48%→7.48%
Disclosures
No disclosures
Primary Source Filings
EDINETAmended
2026-11-13
Change Report
TDnet
2026-11-12
業績予想の修正
FY ending Mar 2027
EDINET
2026-11-12
Semi-Annual Securities Report
Period: Apr 2026 – Mar 2027
TDnet
2026-11-12
Q2 Earnings Flash
FY ending Mar 2027
EDINET
2026-10-09
Large Shareholding Report
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-05-14
Full-Year Earnings Flash
FY ending Mar 2026
TDnet
2026-05-12
業績予想の修正
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Sep 2025
TDnet
2025-11-04
業績予想の修正
EDINET
2025-09-26
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-27
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINETAmended
2022-02-03
Amended Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
Ask AI
I have this company's financials, ownership, and management on hand. Ask me anything from an M&A perspective.
Ask me!
End of Preview

Try the full product

Free demo (no time limit, up to 10 companies). Explore Comps, DCF, LBO, WACC on every screen. Excel export is on the paid plan.

Free Demo (No Time Limit, 10 Companies) →