Overview
Metal Products

ALINCO INCORPORATED

ALINCO is a diversified manufacturer and distributor operating across four core segments: construction scaffolding and temporary equipment (manufacturing, sales, and rental), residential and construction-site aluminum products including ladders and stepladders, fitness equipment for health and wellness, and electronic products centered on wireless communication devices. The company serves domestic and international markets, with manufacturing and sales operations in Japan, China, Thailand, Indonesia, and Vietnam. As a leading company in temporary construction equipment in Japan, ALINCO combines proprietary manufacturing capabilities with a nationwide rental and installation service network.

Market Cap
¥19.9B
US$127M
EV
¥42.4B
US$270M
Stock¥1,023▲+0.59%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.7
x
LTM EV/EBIT
17.9
x
LTM PER
11.5
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-26.3%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
19.9BUS$127MMarket Cap31.1BUS$198M+ Debt6.61BUS$42.2M− Cash1.94BUS$12.4M− Inv. Sec.42.4BUS$270MEV
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Performance & Balance
Revenue 5Y (¥B)
55.3US$352M'22/360.7US$387M'23/357.9US$369M'24/361.6US$393M'25/362.6US$399M'26/3
EBITDA 5Y (¥B)
4.13US$26.3M'22/35.38US$34.3M'23/35.04US$32.2M'24/34.48US$28.6M'25/34.67US$29.8M'26/3
Net Income 5Y (¥B)
0.45US$2.88M'22/31.55US$9.86M'23/31.99US$12.7M'24/31.96US$12.5M'25/31.75US$11.2M'26/3
Capital Structure
52%
48%
EquityD/E 0.92xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
6.75US$43.1M17.4US$111M'22/38.23US$52.5M20.9US$133M'23/38.47US$54.0M25.3US$161M'24/38.59US$54.8M26.1US$166M'25/38.67US$55.3M27.4US$175M'26/3
Shareholders
Top 10 hold 45.9%
1
Almate Co., Ltd.
15.79%
2
Alinco Kyoei-kai (Alinco Kyoei Association)
6.89%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
6.74%
4
ALINCO INCORPORATED Employee Stock Ownership Association
3.83%
5
Yusaku INOUE
3.15%
6
Keisaku INOUE
2.88%
7
Japan Custody Bank, Ltd. (Re-trust by Resona Bank, Ltd. / Kansai Mirai Bank, Ltd. Retirement Benefit Trust Account)
2.26%
8
HANWA CO.,LTD.
1.59%
9
SIM Co., Ltd.
1.44%
10
Yasuko INOUE
1.33%
Management
9 officers
Yusaku INOUE
Representative Director, Chairman
Apr 1967 Joined Inoue Tekkosho (Inoue Iron Works) Jul 1970 Established Inoue Tekkosho Co., Ltd. (now Alinco, Incorporated); Senior Managing Director Jun 1993 President and Representative Director, the Company Jun 1993 President and Representative Director, Alinco Toyama Co., Ltd. Sep 2003 Chairman, Alinco Metal Products (Suzhou) Co., Ltd. Oct 2003 President and Representative Director, Tokyo Kasetsu Build Co., Ltd. (now Alinco Build Techno, Inc.) Jun 2007 President and Representative Director, Koh Mall Co., Ltd. Nov 2008 President and Representative Director, Oriental Kizai Co., Ltd. Jun 2009 Chairman and Representative Director, the Company Oct 2011 Chairman, Alinco Construction Equipment Rental (Suzhou) Co., Ltd. Jun 2019 Chairman of the Board, the Company Dec 2019 Chairman and Representative Director, the Company (current)
1943-12-20
Nobuo KOBAYASHI
Representative Director, President and Executive Officer
Apr 1980 Joined The Osaka Bank, Ltd. (now Kansai Mirai Bank, Ltd.) Apr 2008 Executive Officer, Head of Operations System Renewal Measures Office, Kinki Osaka Bank, Ltd. (now Kansai Mirai Bank, Ltd.) Jun 2008 Director and Executive Officer, Head of Operations System Renewal Measures Office, Kinki Osaka Bank, Ltd. (now Kansai Mirai Bank, Ltd.) Sep 2008 Director and Executive Officer, in charge of Operations Reform Division, Operations Reform Office, Operations Support Office and Operations Center, Kinki Osaka Bank, Ltd. (now Kansai Mirai Bank, Ltd.) Apr 2010 Joined the Company; Executive Officer, Head of Finance Dept. Mar 2011 Executive Officer, Head of Accounting Dept. and Head of Finance Dept. Jun 2012 Director, Head of Accounting Dept. and Head of Finance Dept. Jan 2014 Director, Head of Accounting Dept. and in charge of Finance Dept. Jun 2018 Managing Director, Head of Administration Division Dec 2019 Representative Director, President Jan 2020 Representative Director and Chairman, Sofuku Kiki Co., Ltd. Jun 2021 Representative Director, President and Executive Officer, the Company (current) Aug 2021 Representative Director and Chairman, Higashi Denshi Kogyo Co., Ltd. (now Alinco Itec, Inc.) (current) Dec 2021 Representative Director and Chairman, Ueking Co., Ltd. (current)
1957-01-20
Tomoaki INOUE
Director and Senior Managing Executive Officer, Head of Sales Division; in charge of Production Division and Technology Development Division
Apr 1996 Joined Hanwa Co., Ltd. Nov 1999 Joined the Company Feb 2016 Representative Director, PT. Kapurindo Sentana Baja (now PT. Alinco Scaffolding Indonesia); Representative Director, PT. Alinco Rental Indonesia Jul 2019 Head, Osaka Branch, Third Sales Dept., Construction Equipment Business Division May 2021 Head, Third Sales Dept., Construction Equipment Business Division; Head, Osaka Branch; Manager, Planning and Promotion Section Jun 2021 Executive Officer, Head of Third Sales Dept., Construction Equipment Business Division; Head, Osaka Branch; Manager, Planning and Promotion Section May 2022 Executive Officer, Head of Third Sales Dept., Construction Equipment Business Division; Head, Osaka Branch Jun 2023 Director and Senior Executive Officer, Head of Third Sales Dept., Construction Equipment Business Division; Head, Osaka Branch Oct 2023 Director and Senior Executive Officer, Head of Third Sales Dept., Construction Equipment Business Division; Head, Osaka Branch; in charge of Production Division Mar 2024 Director and Senior Executive Officer, Head of Third Sales Dept., Construction Equipment Business Division; in charge of Production Division Jun 2025 Director and Managing Executive Officer, Head of Third Sales Dept., Construction Equipment Business Division; in charge of Production Division Oct 2025 Director and Managing Executive Officer, Head of Third Sales Dept., Construction Equipment Business Division; in charge of Production Division and Technology Development Division Mar 2026 Director and Senior Managing Executive Officer, Head of Sales Division; in charge of Production Division and Technology Development Division (current)
1972-08-16
Goshi SAKAGUCHI
Director and Managing Executive Officer, Deputy Head of Sales Division; Head of Overseas Rental Business Division; in charge of Accounting Division
Mar 1984 Joined the Company Jun 2012 General Manager, Accounting Dept. Jan 2014 General Manager, Finance Dept. Jun 2014 Executive Officer, Head of Finance Dept. Jun 2017 Director, Head of Finance Dept. Sep 2017 Director, Head of Overseas Construction Materials Business Division; Head of Finance Dept. Mar 2020 Director, Head of Accounting Division; Head of Overseas Construction Materials Business Division Jun 2021 Director and Managing Executive Officer, Head of Accounting Division; Head of Overseas Construction Materials Business Division Oct 2021 Director and Managing Executive Officer, Head of Accounting Division; Head of Overseas Construction Materials Business Division; in charge of Fitness Business Division Jun 2022 Director and Managing Executive Officer, Head of Accounting Division; Head of Overseas Construction Materials Business Division Mar 2023 Director and Managing Executive Officer, Head of Accounting Division; Head of Overseas Rental Business Division Jun 2024 Director and Managing Executive Officer, Head of Overseas Rental Business Division; in charge of Accounting Division Mar 2026 Director and Managing Executive Officer, Deputy Head of Sales Division; Head of Overseas Rental Business Division; in charge of Accounting Division (current)
1961-09-05
Koji MIZUNO
Director
Apr 1991 Joined The Nanto Bank, Ltd. Apr 2006 Full-time Lecturer, Faculty of Business Administration, Otemon Gakuin University Apr 2010 Associate Professor, Faculty of Business Administration, Otemon Gakuin University Apr 2011 Business Collaboration Advisor, Organization for Small & Medium Enterprises and Regional Innovation, Japan (SMRJ) Jun 2011 Outside Audit & Supervisory Board Member, Daiken Corporation Jun 2015 Outside Director, Daiken Corporation; Chairman, Corporate Governance Committee and Chairman, Nomination and Compensation Committee Apr 2016 Professor, Faculty of Business Administration and Graduate School of Business Administration, Otemon Gakuin University; Director, Venture Business Research Institute; Vice Dean, Faculty of Business Administration Apr 2018 Dean, Faculty of Business Administration, Otemon Gakuin University; Professor, Faculty of Business Administration (current); Professor, Graduate School of Management and Economics (current) Jun 2020 Part-time Director, Kitaosaka Shinkin Bank (current) Jul 2020 Member, Regional Revitalization Planning Team, Kinki Local Finance Bureau, Ministry of Finance; Advisor (current) Jun 2022 Outside Director, the Company (current) Apr 2026 Professor, Faculty of Business Administration and Graduate School of Management and Economics, Otemon Gakuin University (current)
1968-06-29
Toshinori YOSHII
Director (Full-time Audit and Supervisory Committee Member)
Apr 1986 Joined Tateishi Electric Co., Ltd. (now Omron Corporation) Apr 1992 Head of Finance, Omron Malaysia Sdn. Bhd. Apr 1997 Business Planning Dept., Social Solutions Business Headquarters, Omron Corporation Oct 2004 Accounting Section, Finance Division, Hitachi Omron Terminal Solutions Corp. (now Hitachi Channel Solutions Corp.) Jul 2008 General Manager, Administration Dept., Hitachi Financial Equipment Systems (Shenzhen) Co., Ltd. Oct 2010 Finance Dept., Finance Division, Hitachi Omron Terminal Solutions Corp. (now Hitachi Channel Solutions Corp.) Jun 2013 Audit Dept., Hitachi Omron Terminal Solutions Corp. (now Hitachi Channel Solutions Corp.) Apr 2018 General Manager, Audit Dept., Hitachi Omron Terminal Solutions Corp. (now Hitachi Channel Solutions Corp.) Jul 2019 Joined the Company Feb 2020 General Manager, Internal Audit Office, the Company Sep 2021 General Manager, Audit Dept. and Manager, First Audit Section, the Company Jun 2022 Director (Audit and Supervisory Committee Member), the Company (current)
1962-06-08
Shigeo KINME
Director (Audit and Supervisory Committee Member)
Mar 2010 Registered as Certified Public Accountant Jan 2018 Representative, Kinme Certified Public Accountant and Tax Accountant Office (current) May 2021 Representative Partner, Public Interest Corporation Accounting Administration Center LLC (current) Jul 2021 Corporate Auditor, Sanei Co., Ltd. (current) Jun 2023 Outside Corporate Auditor, PCA Co., Ltd. (current) Jun 2024 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1980-05-20
Akiko HOSOKAWA
Director
Oct 1990 Joined Ohta Showa Audit Corporation, Osaka Office (now EY ShinNihon LLC) Mar 1994 Registered as Certified Public Accountant Jan 2001 Established Hosokawa Certified Public Accountant Office Aug 2002 Outside Corporate Auditor, Sosoken Holdings Co., Ltd. Nov 2012 Partner, Hosokawa Comprehensive Partners Tax Corporation (current) Jun 2019 Member, Audit Committee, City of Kobe (current) Jun 2020 Outside Director (Audit and Supervisory Committee Member), Mizuno Corporation (current) Jun 2023 Outside Director, the Company (current)
1963-10-16
Shimpei NOMURA
Director (Audit and Supervisory Committee Member)
Dec 2015 Registered as Attorney-at-law; joined Nomura Sogo Law Office LLP Jul 2020 Corporate Auditor, Fuji Kogyo Co., Ltd. (current) Jan 2022 Corporate Auditor, Fuji Holdings Co., Ltd. (current) Jun 2022 Outside Director, Roco Co., Ltd. (current) Jun 2024 Outside Director (Audit and Supervisory Committee Member), the Company (current) Jan 2026 Outside Director, FUJI Plantech Co., Ltd. (current)
1982-10-03
Large Shareholding Reports
Almate Co., Ltd. (Representative Director: Keisaku INOUE)
2026-10-21
16.36%→16.36%
Almeit Co., Ltd., Representative Director Keisaku INOUE
2026-03-03
14.99%→16.36%
Almeit Co., Ltd.
2026-03-03
15.82%→17.22%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-21
Large Shareholding Report
TDnet
2026-10-20
Q2 Earnings Flash
FY ending Mar 2027
TDnet
2026-07-17
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-17
Annual Securities Report
Period: Mar 2025 – Mar 2026
EDINETAmended
2026-03-12
Change Report
EDINET
2026-03-03
Large Shareholding Report
TDnet
2026-02-02
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-04
Semi-Annual Securities Report
Period: Mar 2025 – Mar 2026
TDnet
2025-07-18
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-17
Annual Securities Report
Period: Mar 2024 – Mar 2025
TDnet
2025-02-03
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-10-31
Semi-Annual Securities Report
Period: Mar 2024 – Mar 2025
EDINET
2024-08-01
Quarterly Securities Report
Period: Mar 2024 – Jun 2024
TDnet
2024-07-19
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-20
Annual Securities Report
Period: Mar 2023 – Mar 2024
EDINET
2024-02-02
Quarterly Securities Report
Period: Sep 2023 – Dec 2023
EDINET
2023-11-01
Quarterly Securities Report
Period: Jun 2023 – Sep 2023
EDINET
2023-08-03
Quarterly Securities Report
Period: Mar 2023 – Jun 2023
EDINET
2023-06-20
Annual Securities Report
Period: Mar 2022 – Mar 2023
EDINET
2023-02-02
Quarterly Securities Report
Period: Sep 2022 – Dec 2022
EDINET
2022-11-02
Quarterly Securities Report
EDINET
2022-08-03
Quarterly Securities Report
EDINET
2022-06-20
Annual Securities Report
EDINET
2022-02-02
Quarterly Securities Report
EDINET
2021-11-02
Quarterly Securities Report
EDINET
2021-08-03
Quarterly Securities Report
EDINET
2021-06-18
Annual Securities Report
EDINET
2021-02-02
Quarterly Securities Report
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