Overview
Chemicals

Isamu Paint Co.,Ltd.

Isamu Paint Co., Ltd. is a Japanese manufacturer and distributor of paints and coatings, specializing in automotive refinish paints, industrial paints, architectural coatings, and aerosol spray products. The company serves auto body repair shops, industrial users, and construction/renovation markets, and operates one of Japan's largest sheet metal and paint shop networks. Its product lineup spans from high-performance automotive touch-up solutions to DIY-friendly aerosol cans, supported by a robust after-sales service system.

Market Cap
¥7.43B
US$47.3M
EV
¥-5.26B
-US$33.5M
Stock¥3,900▼-1.02%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
9.1
x
LTM PBR
0.4
x
2026-08-25 closing price basis: ranked #37 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-35B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-11.6%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
7.43BUS$47.3MMarket Cap0.01BUS$0.06M+ Debt4.25BUS$27.1M− Cash8.88BUS$56.5M− Inv. Sec.0.43BUS$2.72M+ NCI-5.26B-US$33.5MEV
AI Briefing
Isamu Paint: niche leader in auto refinish coatings, leveraging Japan's largest body shop network for distribution. FY26/3 revenue ¥8.4B, OP margin up to 10.9% — steady margin expansion on a small but profitable base. Net cash balance sheet (EV ¥-5.2B) and founder-family control (46%+ combined) point to a tightly held, undervalued micro-cap with no tender offer in play.
Performance & Balance
Revenue 5Y (¥B)
7.07US$45.0M'22/37.60US$48.4M'23/38.00US$50.9M'24/38.16US$51.9M'25/38.40US$53.5M'26/3
EBITDA 5Y (¥B)
0.66US$4.18M'22/30.72US$4.60M'23/30.85US$5.38M'24/30.84US$5.35M'25/31.13US$7.22M'26/3
Net Income 5Y (¥B)
0.40US$2.55M'22/30.44US$2.78M'23/30.52US$3.31M'24/30.55US$3.50M'25/30.76US$4.81M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
9.44US$60.1M0.02US$0.10M'22/310.2US$65.2M0.02US$0.15M'23/310.8US$69.1M0.02US$0.11M'24/311.3US$72.0M0.02US$0.12M'25/311.3US$71.7M0.01US$0.07M'26/3
Shareholders
Top 10 hold 67.8%
1
Hatsumi KITAMURA
23.25%
2
Ken KITAMURA
23.20%
3
Isamu Toryo Eiyukai
7.73%
4
Japan Securities Finance Co.,Ltd.
3.71%
5
INTERACTIVE BROKERS LCC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
2.46%
6
Hikari Tsushin K.K. Investment Limited Partnership
2.11%
7
NAGASE & CO.,LTD.
1.75%
8
Isamu Paint Co.,Ltd. Employee Stock Ownership Association
1.31%
9
SBI SECURITIES Co., Ltd.
1.25%
10
DEUTSCHE BANK AG, SINGAPORE A/C CLIENTS (TREATY; Standing Proxy: Mizuho Bank, Ltd.)
1.04%
Management
6 officers
Masaaki KITAMURA
Representative Director, President
Jun 2005 Joined the Company Jun 2005 Director of the Company Jun 2005 In charge of Information Systems of the Company Jun 2008 In charge of General Affairs of the Company Jun 2010 Managing Director of the Company Apr 2013 General Manager, Tokyo Branch of the Company Apr 2017 General Manager, Nagoya Branch of the Company Apr 2019 Representative Director, President of the Company (current)
1975-02-06
Shuya FUKADA
Director, General Manager of Information Systems Department
Mar 1991 Joined the Company Apr 2011 General Manager, Technical Department, Shiga Plant of the Company Apr 2014 General Manager, Sales Department, Osaka Branch of the Company Apr 2016 General Manager, Osaka Branch of the Company Jun 2019 Director of the Company (current) Apr 2021 General Manager, Information Systems Department of the Company (current)
1968-07-02
Masayuki YAMASAKI
Director
Jul 1993 Joined the Company Apr 2009 General Manager, Sales Department, Tokyo Branch of the Company Apr 2017 General Manager, Tokyo Branch of the Company Apr 2021 General Manager, Osaka Branch of the Company Jun 2021 Director of the Company (current) Apr 2026 Representative Director, President of Isamu Aerosol Industry Co., Ltd. (current)
1967-03-21
Kazuo KADOI
Director (Full-time Audit and Supervisory Committee Member)
Mar 1984 Joined the Company Jun 2010 General Manager, Production Control Department, Shiga Plant of the Company Apr 2018 Plant Manager, Shiga Plant of the Company Jun 2019 Director of the Company Jun 2023 Advisor of the Company Jun 2024 Director and Audit and Supervisory Committee Member of the Company (current)
1962-02-24
Naoki SAWADA
Director, Audit and Supervisory Committee Member
Jan 1988 Established Naoki Sawada Certified Tax Accountant Office Dec 2001 Director, Yubisui Accounting Center Co., Ltd. Dec 2005 Representative Partner, Yubisui Tax Accountant Corporation Jun 2008 Auditor of the Company Jan 2016 Group Representative, Yubisui Group Jun 2020 Director and Audit and Supervisory Committee Member of the Company (current) Jan 2021 Chairman, Yubisui Group Jan 2026 Representative, Naoki Sawada Certified Tax Accountant Office (current)
1955-12-14
Yuki KASHIMOTO
Director, Audit and Supervisory Committee Member
Dec 2008 Joined Nagayama Law Office Jan 2015 Co-Managing Partner, Nagayama & Kashimoto Law Office (current) Auditor of the Company Jun 2017 Director and Audit and Supervisory Committee Member of the Company (current) Jun 2020
1978-11-13
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-05
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-06
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-05
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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