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Overview

Glass and Ceramics Products

Mipox Corporation

Mipox Corporation is a Japanese manufacturer specializing in abrasive materials and abrasive films, built on core technologies of 'coating, cutting, and polishing' developed since its founding in 1925. The company operates two primary business segments: a Products Business (manufacturing and sales of abrasive films, liquid abrasives, polishing equipment, and related products) and a Contract Business (contract coating, converting, and polishing processing services, including 12-inch semiconductor wafer CMP processing). Mipox serves advanced technology markets including semiconductors and precision components, differentiating itself through end-to-end polishing solutions encompassing products, measurement, contract processing, development, and consulting.

Market Cap

¥12.0B

US$76.3M

¥15.5B

US$98.7M

Stock¥860▼-3.15%

US$1 = ¥157.05 (2026-10-22)

LTM EV/EBITDA

9.5

LTM EV/EBIT

17.9

LTM PER

15.2

LTM PBR

1.3

Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+58.8%pt

Oct 23, 25 – Oct 23, 26StockTOPIX

1Oct 15, 26US CoreWeave shock triggers semiconductor stock selloff

MC → EV Bridge

AI Briefing

Generating insights…

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

58%

42%

EquityD/E 0.72xDebt

Liquidity vs Debt 5Y (¥B)▼ Net Debt

CashInv. Sec.Debt

Shareholders

Top 10 hold 37.0%

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

Morgan Stanley MUFG Securities Co., Ltd.

5.98%

INTESA SANPAOLO SPA(EX BANCA INTESA)CLIENTS OMNIBUS ACCOUNT (Standing Proxy: MUFG Bank, Ltd.)

4.83%

Jun WATANABE

4.73%

GOLDMAN,SACHS & CO.REG (Standing Proxy: Goldman Sachs Japan Co., Ltd.)

4.63%

PERSHING-DIV.OF DLJ SECS.CORP. (Standing Proxy: Citibank, N.A., Tokyo Branch)

3.78%

Mizuho Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)

3.28%

JPMorgan Securities Japan Co., Ltd.

2.69%

Custody Bank of Japan, Ltd. (Trust Account)

2.41%

Taiji IWASAKI

2.38%

J Management Co., Ltd.

2.28%

Management

8 officers

Jun WATANABE

Representative Director, President

Jun 1994: Joined the Company Aug 2002: Manager, No. 4 CST Division Oct 2006: Senior Manager, CST Global Support Jun 2007: Director Jun 2008: Representative Director, President (current)

1971-01-17

Kenji NAKAGAWA

Director, in charge of FOM

Apr 1995: Joined YAC Co., Ltd. Aug 2002: Worked as a sole proprietor under outsourcing contracts with Itochu Corporation, Tanaka Kiki Co., Ltd., and Technos Co., Ltd. Apr 2016: Joined the Company; Executive Officer, General Manager, Technology Division Jun 2016: Director Apr 2019: Director, General Manager, Corporate Planning Department Jun 2019: Director, General Manager, Corporate Planning Department and General Manager, Management Administration Department Apr 2020: Director, Executive Officer, General Manager, Capability Development Office and General Manager, Reflight Promotion Office Apr 2021: Director, Executive Officer, in charge of FOM Oct 2023: Director, in charge of Offices and FOM Apr 2024: Director, in charge of Offices and FOM, and General Manager, Corporate Division No. 2 Apr 2026: Director, in charge of Offices and FOM (current)

1970-12-01

Munehisa KAMITANI

Director

Apr 1997: Joined Shimonoseki Shinkin Bank Apr 1998: Joined Lubeck Co., Ltd. Aug 2000: Joined the Company Feb 2006: General Manager, Mipox Corporation Taiwan Office Jan 2008: Chairman and General Manager, Mipox Precision Polishing Product (Shanghai) Co., Ltd. Nov 2012: Director, Executive Officer, General Manager, Sales Division Mar 2017: Director and COO, Digital Data Solution Co., Ltd. Jul 2021: General Manager, Business Development Department, Business Incubation Division, SOLIZE Corporation Apr 2022: Joined the Company; Executive Officer Jun 2022: Director Jun 2023: Director, Executive Officer, in charge of Business Division Oct 2023: Director, in charge of Business Division (current)

1974-08-22

Hiromi KATO

Director

Dec 2007: Attorney-at-law (current) Dec 2007: Joined Hibiya Law Office Apr 2021: Head, Hibiya Law Office (current) Apr 2021: Audit & Supervisory Board Member, Koiwai Farm Co., Ltd. (current) Apr 2023: Audit & Supervisory Board Member, Koiwai Farm Dining Co., Ltd. (current) Jun 2024: Director (current)

1982-03-15

Kensuke MIYAZAKI

Director

Apr 2002: Joined Tomen Electronics Corporation Sep 2011: Joined Globis Corporation Jan 2019: Representative, altruth LLC (current) Jun 2025: Director (current)

1980-03-28

Tomohiro ITO

Full-time Audit & Supervisory Board Member

May 1991: Joined Sony Trading International Corporation Feb 1998: Joined the Company Nov 2011: Chief, Production Control Department, Manufacturing Division Jan 2013: Section Manager, Production Control Department, Manufacturing Division Jun 2015: General Manager, Internal Control Office Oct 2020: Audit & Supervisory Board Member (current)

1967-05-26

Koichi MINAMIDE

Audit & Supervisory Board Member

Oct 1999: Joined Chuo Audit Corporation Apr 2006: Established Koichi Minamide Certified Public Accountant and Tax Accountant Office; Representative (current) Jun 2013: Audit & Supervisory Board Member (current) Nov 2014: Established Yamato Audit Corporation; Representative Partner

1973-07-28

Tsunemoto KURIYAGAWA

Audit & Supervisory Board Member

Jan 2003: Professor, Graduate School of Biomedical Engineering, Tohoku University Jun 2006: Audit & Supervisory Board Member (current) Apr 2022: Professor Emeritus, Tohoku University (current) Apr 2022: Special Advisor and Fellow, Makino Milling Machine Co., Ltd. (current) Apr 2022: Specially Appointed Professor, Co-Creation Strategy Center, Tohoku University (current) Apr 2022: Research Advisor, RIKEN (current)

1957-01-31

Large Shareholding Reports

Mizuho Securities Co., Ltd.

2026-10-22

3.25%→3.25%

Mizuho Securities Co., Ltd.

2026-10-07

3.25%→3.25%

Mizuho Securities Co., Ltd.

2026-07-23

3.25%→3.25%

Morgan Stanley MUFG Securities Co., Ltd.

2026-05-20

7.23%→4.71%

Japan Securities Finance Co., Ltd.

2026-05-11

5.19%→0.19%

Japan Securities Finance Co., Ltd.

2026-05-08

5.19%

Morgan Stanley MUFG Securities Co., Ltd.

2026-05-08

7.44%→7.23%

Japan Securities Finance Co., Ltd.

2026-05-07

5.19%→0.19%

Mizuho Securities Co., Ltd.

2026-04-22

3.28%→3.25%

Morgan Stanley MUFG Securities Co., Ltd.

2026-04-21

6.86%→7.44%

Annual report (as of 2026-03-31): 5.98%

Japan Securities Finance Co., Ltd.

2026-04-20

5.19%

Mizuho Securities Co., Ltd.

2026-04-07

3.25%→3.28%

Morgan Stanley MUFG Securities Co., Ltd.

2026-04-03

4.67%→6.86%

Morgan Stanley MUFG Securities Co., Ltd.

2026-03-19

4.67%

UBS Switzerland AG

2026-02-06

3.53%→3.32%

UBS Switzerland AG

2026-01-22

3.53%

UBS Switzerland AG

2025-12-05

3.53%→3.53%

UBS Switzerland AG

2025-11-21

3.53%→3.53%

UBS Switzerland AG

2025-10-22

3.53%

UBS AG (Bank)

2025-09-05

1.72%→1.40%

Disclosures

No disclosures

Primary Source Filings

EDINET

2026-10-22

Large Shareholding Report

Mipox Corporation

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Mipox Corporation

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