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Overview

Metal Products

CORONA CORPORATION

Corona Corporation manufactures and sells a broad range of heating, air conditioning, home appliance, and residential equipment products, including oil heaters, heat pump water heaters (Eco Cute), dehumidifiers, and bathroom heating/drying units. The company serves primarily the Japanese residential and commercial markets, with additional export sales to the Middle East and Europe through distributor networks. Corona is recognized for its strong brand in oil heating equipment and was the first company to launch the Eco Cute heat pump water heater in Japan in 2001, with cumulative industry shipments surpassing 10 million units.

Market Cap

¥27.2B

US$173M

¥-8.03B

-US$51.2M

Stock¥930▼-1.17%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

LTM EV/EBIT

LTM PER

25.3

LTM PBR

0.4

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-20.4%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Feb 20, 26FY guidance raised, outperforms market

MC → EV Bridge

AI Briefing

Generating insights…

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

100%

EquityD/E 0.00xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 64.5%

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

Corona Kogyo Co., Ltd.

37.81%

Uchida Energy Science Promotion Foundation

8.07%

The Daishi Hokuetsu Bank, Ltd.

4.50%

The Master Trust Bank of Japan, Ltd. (Trust Account)

3.58%

CORONA CORPORATION Employee Stock Ownership Association

3.27%

JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)

2.09%

STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)

1.47%

STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)

1.39%

Toyama Sangyo Co., Ltd.

1.25%

Riki UCHIDA

1.10%

Management

8 officers

Mitsuru OMOMO

Representative Director, President

Mar 1990 Joined the Company Mar 2016 Executive Officer, General Manager of Accounting Division Mar 2018 Executive Officer, General Manager of Accounting Division, in charge of IT Planning Office Jun 2019 Appointed Director; Executive Officer, General Manager of Accounting Division, in charge of IT Planning Office Mar 2020 Appointed Managing Director; Executive Officer, General Manager of Accounting Division, in charge of IT Planning Office Mar 2021 Appointed Director and Vice President; Executive Officer, in charge of Accounting Division and IT Planning Office Jun 2021 Appointed Representative Director and Executive Vice President; Executive Officer, in charge of Accounting Division and IT Planning Office Apr 2022 Appointed Representative Director, President (current)

1969-10-06

Manabu KINEBUCHI

Representative Director, Senior Managing Executive Officer, General Manager of Manufacturing Division

Apr 1989 Joined the Company Mar 2012 General Manager, Kashiwazaki Plant, Manufacturing Division Apr 2013 General Manager, Sanjo Plant, Manufacturing Division Mar 2017 Executive Officer, Deputy General Manager of Manufacturing Division and General Manager of Sanjo Plant Mar 2021 Executive Officer, Deputy General Manager of Manufacturing Division, General Manager of Sanjo Plant and General Manager of Logistics Center Jun 2021 Appointed Director; Executive Officer, Deputy General Manager of Manufacturing Division, General Manager of Sanjo Plant and General Manager of Logistics Center Mar 2023 Appointed Managing Director; Executive Officer, General Manager of Manufacturing Division and General Manager of Logistics Center Jun 2023 Managing Director, Senior Executive Officer, General Manager of Manufacturing Division and General Manager of Logistics Center Mar 2024 Appointed Senior Managing Director; Senior Executive Officer, in charge of Manufacturing Division Jun 2024 Appointed Representative Director, Senior Managing Director; Senior Executive Officer, in charge of Manufacturing Division Jun 2026 Representative Director, Senior Managing Executive Officer, in charge of Manufacturing Division (current)

1963-06-09

Akihiro INADA

Director, Managing Executive Officer, in charge of General Planning Department

Apr 1984 Joined the Company Mar 2018 Executive Officer, General Manager of General Planning Office Jun 2020 Appointed Director; Executive Officer, General Manager of General Planning Office Mar 2022 Director, Executive Officer, General Manager of General Planning Department Mar 2023 Appointed Managing Director; Executive Officer, in charge of General Planning Department Jun 2023 Managing Director, Senior Executive Officer, in charge of General Planning Department Jun 2026 Director, Managing Executive Officer, in charge of General Planning Department (current)

1961-07-18

Takashi UCHIDA

Director, Managing Executive Officer, General Manager of General Planning Department

Apr 2011 Joined the Company Mar 2017 Special General Manager, Accounting Department Mar 2018 Executive Officer, Head of General Planning Office Jun 2020 Appointed Director; Executive Officer, Head of General Planning Office Mar 2022 Director, Executive Officer, Head of General Planning Department Mar 2023 Director, Executive Officer, General Manager of General Planning Department Jun 2023 Director, Senior Executive Officer, General Manager of General Planning Department Mar 2025 Appointed Managing Director; Senior Executive Officer, General Manager of General Planning Department Jun 2026 Director, Managing Executive Officer, General Manager of General Planning Department (current)

1986-10-23

Nobuhiko SAKIYAMA

Director

Apr 1991 Joined The Sanwa Bank, Ltd. (now MUFG Bank, Ltd.) Jun 2026 Retired from the bank Jun 2026 Appointed Director of the Company (current)

1968-07-22

Takaaki HONMA

Director, Full-time Audit and Supervisory Committee Member

Apr 1987 Joined Hokuetsu Bank, Ltd. (now Dai-ni Hokuetsu Bank, Ltd.) Oct 2012 Manager, Kameda Branch of the bank Mar 2021 Senior Executive Officer, Internal Audit Department, Dai-ni Hokuetsu Bank, Ltd. Feb 2023 Joined the Company Mar 2024 Deputy General Manager of General Planning Department and General Manager of Public Relations Office Mar 2025 Special General Manager of General Planning Department (in charge of Public Relations Office) Jun 2025 Appointed Director, Full-time Audit and Supervisory Committee Member (current)

1964-05-12

Hiroka HIRAISHI

Director, Audit and Supervisory Committee Member

Apr 1999 Registered as attorney-at-law (Niigata Bar Association) Apr 1999 Joined Furukawa Hyoe Law Office Apr 2002 Opened Hiraishi Naoki Law Office (current) Jun 2022 Appointed Director, Audit and Supervisory Committee Member (current)

1973-02-09

Hiroshi UEKUSA

Director, Audit and Supervisory Committee Member

Oct 1991 Joined Asahi Shinwa Auditing Corporation (now Azsa LLC) Apr 1995 Registered as Certified Public Accountant Jun 2007 Partner of Azsa LLC (now Partner) Jun 2024 Resigned from Azsa LLC Jul 2024 Representative, Hiroshi Uekusa Certified Public Accountant Office (current) Jun 2025 Corporate Auditor, Kyoritsu Co., Ltd. (current) Jun 2025 Director, Audit and Supervisory Committee Member, Sanyo Kogyo Co., Ltd. (current) Jun 2026 Appointed Director, Audit and Supervisory Committee Member of the Company (current)

1967-09-24

Large Shareholding Reports

No filings

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-10-22

Forecast Revision

CORONA CORPORATION

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CORONA CORPORATION

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