Overview
Nonferrous Metals

SWCC Corporation

SWCC Corporation is a Japanese manufacturer operating across three core segments: Energy & Infrastructure (power cables, electric wires, seismic isolation and vibration control devices, and engineering services), Electrical Components (winding wires, bare wires, oxygen-free copper, copper alloy wires, and automotive wiring), and Communications & Components (communication cables, wire harnesses, and precision devices). The company serves utility, automotive, industrial, and telecommunications markets through a network of domestic manufacturing and sales subsidiaries as well as overseas operations in China, Vietnam, Hong Kong, and other regions. In March 2025, SWCC acquired 100% of TOTOKU Inc. jointly with the Development Bank of Japan, adding specialty wire and precision device capabilities to its portfolio.

Market Cap
¥326B
US$2.08B
EV
¥360B
US$2.30B
Stock¥2,203▼-0.90%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.5
x
LTM EV/EBIT
11.3
x
LTM PER
15.2
x
LTM PBR
3.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+30.2%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 12, 25Expanding activist investor influence
2Nov 13, 25Continued activist-related gains
3Oct 15, 26CoreWeave Shock triggers AI/semiconductor stock rout, SOX -4.3%
MC → EV Bridge
326BUS$2.08BMarket Cap45.5BUS$290M+ Debt12.6BUS$80.6M− Cash7.75BUS$49.4M− Inv. Sec.8.80BUS$56.1M+ NCI360BUS$2.30BEV
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Performance & Balance
Revenue 5Y (¥B)
199US$1.27B'22/3209US$1.33B'23/3214US$1.36B'24/3238US$1.52B'25/3278US$1.77B'26/3
EBITDA 5Y (¥B)
13.4US$85.4M'22/314.0US$89.1M'23/316.5US$105M'24/324.8US$158M'25/333.9US$216M'26/3
Net Income 5Y (¥B)
9.35US$59.6M'22/39.41US$60.0M'23/38.84US$56.4M'24/311.4US$72.7M'25/318.8US$120M'26/3
Capital Structure
69%
31%
EquityD/E 0.45xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
11.1US$71.1M38.3US$244M'22/320.3US$130M40.5US$258M'23/321.9US$140M29.8US$190M'24/325.7US$164M54.2US$345M'25/316.1US$102M39.5US$252M'26/3
Shareholders
Top 10 hold 53.9%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
19.09%
2
Custody Bank of Japan, Ltd. (Trust Account)
11.22%
3
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
9.66%
4
JX Advanced Metals Corporation
3.29%
5
Fukoku Mutual Life Insurance Company
3.00%
6
J.P. MORGAN BANK LUXEMBOURG S.A. 385598 (Standing Proxy: Mizuho Bank, Ltd.)
2.64%
7
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.40%
8
BNYM AS AGT/CLTS 10 PERCENT (Standing Proxy: MUFG Bank, Ltd.)
1.31%
9
Nomura Trust and Banking Co., Ltd. (Investment Trust Account)
1.27%
10
STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)
1.04%
Management
8 officers
Takayo HASEGAWA
Representative Director, Chairman of the Board
Apr 1984 Joined the Company Jun 2005 General Manager, Technology Development Center and Project Leader, Superconductivity Project, the Company Apr 2010 Managing Director, Showa Cable Systems Co., Ltd.; Executive Officer and General Manager, Technology Planning Office, the Company Jun 2013 Director and General Manager, Technology Planning Office, the Company Jun 2018 Director and President, the Company Apr 2019 Representative Director, President and Group CEO, the Company Apr 2020 Representative Director, President, Chairman of the Board and Group CEO, the Company Jun 2022 Outside Director, HOYA Corporation (current) Apr 2024 Representative Director, Chairman of the Board and CEO; President and Executive Officer, the Company Apr 2025 Representative Director and Chairman of the Board, the Company (current) Mar 2026 Outside Director, Ebara Corporation (current)
1959-10-15
Tetsuo OMATA
Representative Director, CEO, President and Executive Officer
Apr 1989 Joined the Company Jun 2001 General Manager, Hangzhou Futong Showa Optical Communication Components Co., Ltd. (seconded) Apr 2006 General Manager, Optical Device Unit Manufacturing Department, Showa Device Technology Co., Ltd. Apr 2007 General Manager, Manufacturing Department, Interconnection Business Division, Showa Device Technology Co., Ltd. Jul 2018 Executive Officer and General Manager, Business Strategy Planning Department, Business Strategy Headquarters, the Company; General Manager, Management Planning Department, Showa Cable Systems Co., Ltd. Apr 2021 Managing Executive Officer and General Manager, Management Strategy Planning Department, the Company Apr 2023 Managing Executive Officer and Head of Strategy Headquarters, the Company Apr 2024 COO and Senior Managing Executive Officer, the Company Jun 2024 Representative Director, COO and Senior Managing Executive Officer, the Company Apr 2025 Representative Director, CEO, President and Executive Officer, the Company (current)
1965-11-19
Yuji SAKAKURA
Director (Audit and Supervisory Committee Member)
Apr 1998 General Manager, Market and Finance Department, Nissho Iwai Corporation (now Sojitz Corporation) Jun 1999 President, Nissho Iwai Securities Co., Ltd. May 2006 Director and Chief Financial Officer, GCA Corporation May 2011 Representative Director, Relations Japan Inc. (current) Jun 2020 Director (Audit and Supervisory Committee Member), the Company (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), PCI Holdings Co., Ltd. (current) Jun 2026 Outside Director, PCI Holdings Co., Ltd. (scheduled to assume office Jun 2026)
1951-05-03
Takashi MUKUNO
Director (Audit and Supervisory Committee Member)
Aug 2006 General Manager, New Business Development Office, Asahi Kasei Corporation Aug 2008 President, Asahi Kasei America, Inc. Apr 2021 Managing Executive Officer and Chief Representative, China, Asahi Kasei Corporation Jun 2023 Director (Audit and Supervisory Committee Member), the Company (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), Chiyoda Corporation (current)
1958-10-02
Minako NISHIMURA
Director
Jul 2007 General Manager, Information Systems Department, Corporate Systems Division, Fujitsu Network Solutions Ltd. Dec 2018 Representative Director, Next Story Inc. (current) Jun 2023 Director (Audit and Supervisory Committee Member), the Company Jun 2025 Director, the Company Jun 2026 Director (Audit and Supervisory Committee Member), the Company (current)
1959-12-13
Koji NAITO
Director
Apr 2015 Senior Executive Officer and General Manager, Light Source Business Division, USHIO INC. Jun 2019 Representative Director, President and Executive Officer, USHIO INC. Apr 2025 Senior Advisor, USHIO INC. (current) Jun 2025 Outside Director, GLORY LTD. (current) Jun 2025 Director, the Company (current)
1963-04-03
Kumiko BABA
Director (Audit and Supervisory Committee Member)
Jun 2019 Full-time Audit & Supervisory Board Member, JFE Holdings, Inc. Jun 2022 Managing Executive Officer, JFE Engineering Corporation Apr 2025 Advisor, JFE Engineering Corporation (current) Jun 2025 Director (Audit and Supervisory Committee Member), the Company (current) Mar 2026 Outside Director (Audit and Supervisory Committee Member), AGC Inc. (current) Jun 2026 Outside Audit & Supervisory Board Member, DENSO Corporation (scheduled to assume office Jun 2026)
1965-10-10
Futoshi YAMAGUCHI
Full-time Director (Audit and Supervisory Committee Member)
Nov 1988 Joined the Company Jun 2014 General Manager, Accounting Division, the Company Jun 2016 Director and General Manager, Management Planning Department, the Company; President, Showa Business Solution Co., Ltd. Apr 2019 Director and Managing Executive Officer; General Manager, Finance Strategy Headquarters, the Company Jul 2019 Managing Executive Officer and General Manager, CSR Promotion Headquarters, the Company Apr 2021 Managing Executive Officer and General Manager, Management Administration Headquarters, the Company Apr 2023 Managing Executive Officer, the Company Apr 2024 Executive Officer, the Company Jun 2024 Full-time Director (Audit and Supervisory Committee Member), the Company (current)
1962-04-02
Large Shareholding Reports
Capital Research and Management Company
2026-10-22
7.76%→7.79%
Amova Asset Management Co., Ltd.
2026-10-06
3.14%→3.02%
Asset Management One Co., Ltd.
2026-09-25
5.00%
Boston Partners Global Investors, Inc.
2026-08-27
4.23%
Robeco Institutional Asset Management B. V.
2026-08-24
2.63%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2026-07-22
3.53%→3.31%
Capital Research and Management Company
2026-05-20
8.00%→7.77%
Amova Asset Management Co., Ltd.
2026-04-06
3.79%→3.97%
Amova Asset Management Co., Ltd.
2026-03-05
4.77%→3.79%
Nomura Asset Management Co., Ltd.
2026-03-05
4.42%→5.20%
Nomura Asset Management Co., Ltd.
2026-02-05
4.42%
Nomura Asset Management Co., Ltd.
2026-01-21
4.54%→4.49%
Nomura Asset Management Co., Ltd.
2026-01-08
4.60%→4.54%
Amova Asset Management Co., Ltd.
2025-12-19
4.75%→4.77%
Amova Asset Management Co., Ltd.
2025-12-04
5.37%→4.75%
Capital Research and Management Company
2025-11-26
8.00%→8.00%
Capital Research and Management Company
2025-09-25
7.48%→8.00%
Amova Asset Management Co., Ltd.
2025-09-19
6.05%→5.37%
Nomura Asset Management Co., Ltd.
2025-09-04
4.60%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-22
Large Shareholding Report
EDINET
2026-10-06
Large Shareholding Report
EDINET
2026-09-25
Large Shareholding Report
EDINET
2026-08-27
Large Shareholding Report
EDINET
2026-08-24
Large Shareholding Report
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-22
Large Shareholding Report
EDINET
2026-06-18
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-20
Large Shareholding Report
EDINET
2026-04-06
Large Shareholding Report
EDINET
2026-03-05
Large Shareholding Report
EDINET
2026-03-05
Large Shareholding Report
TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-02-05
Large Shareholding Report
EDINET
2026-01-21
Large Shareholding Report
EDINET
2026-01-08
Large Shareholding Report
EDINET
2025-12-19
Large Shareholding Report
EDINET
2025-12-04
Large Shareholding Report
EDINET
2025-11-26
Large Shareholding Report
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-25
Large Shareholding Report
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-09-04
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
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