Overview
Nonferrous Metals

MITSUBOSHI CO.,LTD.

Mitsuboshi is a Japanese manufacturer operating across three core segments: electric wire (rubber and plastic cabtyre cables, welding cables, control cables), Polymatec (plastic extrusion/injection molded products, high-functional tubes, LED-related products), and heating wire (resistance and heating wires down to φ0.02mm diameter). The company holds a top market share in both the electric wire and heating wire sectors in Japan, serving infrastructure, industrial, housing equipment, and consumer appliance markets. Additionally, the company is developing a new business segment focused on energy creation, conservation, and storage, including retrofit LED lamps and solar power generation systems.

Market Cap
¥3.46B
US$22.0M
EV
¥3.62B
US$23.1M
Stock¥838▼-1.64%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.6
x
LTM EV/EBIT
6.5
x
LTM PER
9.7
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+3.2%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 26, 26Activist investor increased holdings
MC → EV Bridge
3.46BUS$22.0MMarket Cap3.28BUS$20.9M+ Debt2.36BUS$15.1M− Cash0.75BUS$4.81M− Inv. Sec.3.62BUS$23.1MEV
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Performance & Balance
Revenue 5Y (¥B)
9.19US$58.6M'22/39.95US$63.4M'23/310.3US$65.9M'24/310.9US$69.4M'25/311.7US$74.8M'26/3
EBITDA 5Y (¥B)
0.46US$2.92M'22/30.35US$2.24M'23/30.27US$1.75M'24/30.38US$2.45M'25/30.61US$3.88M'26/3
Net Income 5Y (¥B)
0.28US$1.79M'22/3-0.07-US$0.43M'23/30.12US$0.78M'24/30.22US$1.37M'25/30.25US$1.57M'26/3
Capital Structure
70%
30%
EquityD/E 0.44xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.58US$10.1M1.71US$10.9M'22/32.07US$13.2M2.21US$14.1M'23/32.34US$14.9M3.00US$19.1M'24/32.51US$16.0M3.39US$21.6M'25/33.26US$20.8M3.41US$21.7M'26/3
Shareholders
Top 10 hold 32.6%
1
Swiss Plants Limited Liability Partnership
6.14%
2
Japan Securities Finance Co.,Ltd.
3.92%
3
Sugiyama Seisakusho Co., Ltd.
3.52%
4
Daiwa Securities Co. Ltd.
3.34%
5
FRANCIS CAPITAL INC (Standing Proxy: Katsuya FUKUNAGA)
2.87%
6
Mitsuwa Resin Industry Co., Ltd.
2.84%
7
Tsukamoto Co., Ltd.
2.81%
8
Rakuten Securities, Inc. (Joint Account)
2.77%
9
Toshiyuki HONDA
2.43%
10
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
1.96%
Management
6 officers
Kunihiro AOKI
Representative Director, Chairman
Apr 1971 Joined Dainippon Ink and Chemicals, Inc. (now DIC Corporation) Jun 1996 Seconded to Taiwan Jialong Processing Co., Ltd., as General Manager Oct 2001 General Manager, Sales Department, Osaka Branch, Dainippon Ink and Chemicals, Inc. Oct 2003 Seconded to DIC Investment Co., Ltd. Oct 2004 Seconded to Zhongshan DIC Pigments Co., Ltd., as Chairman Oct 2022 Assumed office as Representative Director, President of the Company Mar 2023 Director, MITSUBOSHI PHILIPPINES CORPORATION Jun 2023 Representative Director, President, Henan Shindo-sho Co., Ltd. (current) Nov 2023 Representative Director, President, MC Lefila Co., Ltd. (current) Apr 2024 Executive Officer and General Manager, Polymatec Business Sales, of the Company May 2024 Chairman and President, MITSUBOSHI PHILIPPINES CORPORATION Jun 2024 Director (part-time), Silver Kohki Co., Ltd. Jun 2024 Chairman, MITSUBOSHI PHILIPPINES CORPORATION (current) Jun 2026 Assumed office as Representative Director, Chairman of the Company (current) Executive Officer, in charge of New Business and Overseas Business Promotion Department, of the Company (current)
1948-02-24
Shinobu HANYU
Representative Director, President
Sep 1994 Joined Plastic Kogyo Co., Ltd. (now Kanaflex Corporation) Jun 2009 Chiba Plant Manager, Kanaflex Corporation Jun 2014 Shiga Plant Manager, Kanaflex Corporation Jun 2017 Seconded to Beijing Kanaflex Apr 2019 Tochigi Plant Manager, Kanaflex Corporation Dec 2021 Shiga Plant Manager, Kanaflex Corporation Mar 2022 Executive Officer in charge of Manufacturing, Kanaflex Corporation Jun 2023 Joined the Company as Executive Officer and General Manager, Plant Operations Apr 2024 Plant Advisor of the Company Jun 2024 Director of the Company; in charge of Production Innovation (current) Jun 2026 President, MITSUBOSHI PHILIPPINES CORPORATION (current) Jun 2026 Assumed office as Representative Director, President of the Company (current) Director (part-time), Silver Kohki Co., Ltd. (current)
1962-11-26
Taeko KAMIMURA
Outside Director (Audit and Supervisory Committee Member)
Sep 1974 Representative Director, Kyonan Soko Co., Ltd. (current) Apr 1998 Standing Director, Konan Gakuen Educational Corporation May 2000 Steering Committee Member, Kansai Keizai Doyukai (current) May 2004 Director, Japan Harbor Association (current) Feb 2005 Member, Social Infrastructure Development Council, Ministry of Land, Infrastructure, Transport and Tourism Aug 2005 Advisor on Financial Administration, Financial Services Agency Mar 2009 Member, Transport Policy Council, Ministry of Land, Infrastructure, Transport and Tourism Sep 2010 Member, Advisory Council on Use of Space Under Elevated Highways, Japan Expressway Holding and Debt Repayment Agency Mar 2013 Director, Japan Road Traffic Information Center (current) Jun 2015 Director, Japan Consulting Engineers Association May 2016 Member, Committee on Promotion of Private Finance Initiatives, Cabinet Office Apr 2019 Outside Director (Audit and Supervisory Committee Member), Subaru Kogyo Co., Ltd. (current) Jun 2024 Outside Director of the Company Jun 2026 Assumed office as Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1953-07-06
Shunichi NAKAIGAWA
Outside Director
Apr 1988 Joined World Securities Co., Ltd. (now SBI Securities Co., Ltd.) Jun 1996 Joined H.I.S. Co., Ltd. Jun 2007 Managing Director, Sawada Holdings Co., Ltd. (now H.S. Holdings Co., Ltd.) Jan 2008 Director, H.S. International (Asia) Limited Feb 2008 Director, Laox Co., Ltd. (now Laox Holdings Co., Ltd.) Nov 2009 Representative Director, President, H.S. Securities Co., Ltd. (now J Trust Global Securities Co., Ltd.) Jan 2013 Representative Director, Chairman, Ascot Co., Ltd. Apr 2016 Representative Director, President, Index Corporation (now iXIT Co., Ltd.) Feb 2021 Representative Director, President, Las Cars Capital Co., Ltd. (current) Jun 2021 Director and Chairman, Y's Food Co., Ltd. (now Trailhead Global Holdings Co., Ltd.) Jun 2021 Outside Director, Kosaido Holdings Co., Ltd. (current) Jun 2026 Assumed office as Outside Director of the Company (current)
1963-04-16
Kyuzo YOSHINAGA
Outside Director (Audit and Supervisory Committee Member)
Apr 1970 Joined Metropolitan Police Department Mar 1999 Third Organized Crime Countermeasures Division (formerly Anti-Gang Measures Division), Metropolitan Police Department Sep 2011 Police Inspector, Musashino Police Station, Metropolitan Police Department Apr 2012 Advisor, General Affairs Department, Tokyo Stock Exchange Group, Inc. Jul 2017 Compliance Advisor, Accrodia Inc. (now THE WHY HOW DO COMPANY Inc.) Sep 2017 Outside Audit & Supervisory Board Member, Accrodia Inc. Oct 2022 Assumed office as Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1951-11-15
Jun MORII
Outside Director (Audit and Supervisory Committee Member)
Nov 2005 Joined Bonanza Casino Oct 2009 Joined Odai Accounting Office Feb 2012 Registered as Certified Public Accountant in the State of Washington, USA Sep 2012 Joined Deloitte Tohmatsu Financial Advisory Co., Ltd. Aug 2013 Registered as Certified Public Accountant in Japan Jan 2014 Registered as Certified Tax Accountant Jan 2014 Opened Morii Accounting Office; Representative Certified Public Accountant and Certified Tax Accountant (current) Jan 2014 Representative Director, Jonan Shisho Co., Ltd. (current) Apr 2016 Audit Committee Member, Shinagawa Ward, Tokyo Nov 2021 Outside Audit & Supervisory Board Member, THE WHY HOW DO COMPANY Inc. (current) Jun 2023 Outside Director (Audit and Supervisory Committee Member), Pass Co., Ltd. (current) Jun 2023 Outside Audit & Supervisory Board Member, Tohto Suisan Co., Ltd. (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), nms Holdings Co., Ltd. (current) Jun 2026 Outside Director, unbanked Inc. (current) Jun 2026 Assumed office as Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1980-03-03
Large Shareholding Reports
Francis Capital Inc
2026-10-13
39.65%→38.63%
Francis Capital Inc
2026-07-17
45.99%→39.65%
Francis Capital Inc
2026-05-19
46.31%→45.30%
Francis Capital Inc
2026-05-19
45.30%→45.99%
Francis Capital Inc
2026-04-28
46.63%→45.63%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Francis Capital Inc
2026-04-28
46.63%→45.63%
Francis Capital Inc
2026-04-28
45.63%→46.31%
Francis Capital Inc
2026-03-13
45.56%→46.63%
Francis Capital Inc
2026-03-13
48.31%→45.56%
Francis Capital Inc
2026-03-05
47.62%→48.31%
Francis Capital Inc
2026-03-05
49.02%→47.62%
Francis Capital Inc
2026-01-23
49.02%
Disclosures
Executive Change
2026-09-25
M&A / Other
2026-09-10
Primary Source Filings
EDINET
2026-10-13
Large Shareholding Report
EDINETAmended
2026-09-29
Amended Securities Registration Statement
TDnet
2026-09-25
Executive Change
EDINETAmended
2026-09-17
Amended Securities Registration Statement
EDINET
2026-09-10
Securities Registration Statement
TDnet
2026-09-10
M&A / Other
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-17
Large Shareholding Report
EDINET
2026-06-22
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-19
Large Shareholding Report
EDINET
2026-05-19
Large Shareholding Report
EDINET
2026-04-28
Large Shareholding Report
EDINETAmended
2026-04-28
Change Report
EDINET
2026-04-28
Large Shareholding Report
EDINET
2026-03-13
Large Shareholding Report
EDINET
2026-03-13
Large Shareholding Report
EDINET
2026-03-05
Large Shareholding Report
EDINET
2026-03-05
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-23
Large Shareholding Report
EDINETAmended
2025-12-17
Amended Securities Registration Statement
EDINET
2025-12-16
Securities Registration Statement
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnetAmended
2025-10-23
Q1 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-10-23
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
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
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