Overview
Metal Products

CHOFU SEISAKUSHO CO.,LTD.

Chofu Seisakusho is a comprehensive manufacturer of residential equipment, specializing in water heating systems (oil and gas water heaters, heat pump water heaters/EcoCute, electric water heaters), air conditioning systems (oil/gas stoves, hot water heating systems, geothermal heat pumps, snow melting systems), and solar-related equipment (solar water heaters, solar floor ventilation systems). The company also manufactures system bathrooms, artificial marble bathtubs, and system kitchens under its product portfolio. Chofu differentiates itself through a clean and optimized manufacturing infrastructure and a broadening lineup of advanced products such as ultra-fine bubble water heaters and bedroom panel air conditioners.

Market Cap
¥67.3B
US$428M
EV
¥-39.3B
-US$250M
Stock¥1,978▲+0.97%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
22.2
x
LTM PBR
0.5
x
2026-08-25 closing price basis: ranked #6 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-271B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-20.9%pt
1001
Oct 23, 25 – Oct 23, 26StockTOPIX
1Feb 16, 26Future date - analysis not applicable
MC → EV Bridge
67.3BUS$428MMarket Cap0.03BUS$0.19M+ Debt5.60BUS$35.6M− Cash101BUS$643M− Inv. Sec.-39.3B-US$250MEV
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Performance & Balance
Revenue 5Y (¥B)
44.9US$286M'21/1249.8US$317M'22/1248.5US$309M'23/1246.1US$294M'24/1246.5US$296M'25/12
EBITDA 5Y (¥B)
3.46US$22.0M'21/124.13US$26.3M'22/124.49US$28.6M'23/123.01US$19.2M'24/123.28US$20.9M'25/12
Net Income 5Y (¥B)
2.91US$18.5M'21/123.87US$24.6M'22/124.00US$25.5M'23/123.14US$20.0M'24/122.17US$13.8M'25/12
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
87.4US$557M0.03US$0.19M'21/1290.3US$575M'22/1284.7US$540M'23/1289.8US$572M'24/1295.8US$610M'25/12
Shareholders
Top 10 hold 61.2%
1
Chofu Bussan Co., Ltd.
12.68%
2
Chofu Seiki Co., Ltd.
12.05%
3
Chofu Kyosaikai Co., Ltd.
9.33%
4
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.47%
5
The Nishi-Nippon City Bank, Ltd.
4.95%
6
The Yamaguchi Bank, Ltd. (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
4.87%
7
NORITZ CORPORATION
3.17%
8
LIM JAPAN EVENT MASTER FUND
2.30%
9
Custody Bank of Japan, Ltd. (Trust Account)
2.22%
10
Meiji Yasuda Life Insurance Company (Standing Proxy: Custody Bank of Japan, Ltd.)
2.12%
Management
6 officers
Yasuo KAWAKAMI
Representative Director, Chairman
Feb 1971 Joined the Company Apr 1983 Manager, Tokyo Sales Office Mar 1985 Director, Manager of Tokyo Sales Office Mar 1987 Director, Plant Manager, Utsunomiya Plant Dec 1997 Director, President (Representative Director) Mar 2012 Director, Chairman (Representative Director) (current)
1946-12-21
Manabu YAMASHITA
Representative Director, President
Apr 1998 Joined the Company Apr 2020 Manager, General Affairs Department Mar 2024 Director, Manager, General Affairs Department Mar 2025 Director, President (Representative Director) (current)
1974-08-05
Yasuhiro KAWAKAMI
Managing Director
Oct 2004 Joined the Company Apr 2011 Manager, General Affairs Department Mar 2014 Director, Manager, General Affairs Department Feb 2017 Director, Plant Manager, Shiga Plant Feb 2021 Director, Manager, Sales Department Jul 2021 Director, Manager, Sales Department and Manager, Fukuoka Branch Jan 2022 Director, Manager, Sales Department Mar 2023 Managing Director (current)
1962-07-01
Shigeru IMUTA
Director (Audit and Supervisory Committee Member)
Mar 1984 Joined the Company Jul 2015 Manager, Technology Department Mar 2022 Director (Audit and Supervisory Committee Member) (current)
1961-04-28
Keisuke MUKUNASHI
Director (Audit and Supervisory Committee Member)
Apr 1995 Joined The Yamaguchi Bank, Ltd. Jun 2019 Executive Officer, Yamaguchi Financial Group, Inc. Jun 2020 Representative Director, President and COO, Yamaguchi Financial Group, Inc. Jun 2021 Representative Director, President and CEO, Yamaguchi Financial Group, Inc. (current) Mar 2022 Director (Audit and Supervisory Committee Member) (current)
1970-04-11
Sachiko CHIKAMOTO
Director (Audit and Supervisory Committee Member)
Oct 2001 Registered as attorney-at-law Aug 2006 Opened Chikamoto Law Office; Head of Office (current)
Large Shareholding Reports
Be Brave Co., Ltd., Representative Director Kazuto IZUMIDA
2026-07-17
5.58%
First Eagle Investment Management, LLC
2026-04-21
5.51%→4.48%
First Eagle Investment Management, LLC
2026-03-18
6.55%→5.51%
First Eagle Investment Management, LLC
2026-03-04
7.94%→6.55%
First Eagle Investment Management, LLC
2026-01-21
9.13%→7.94%
First Eagle Investment Management, LLC
2025-12-08
10.16%→9.13%
First Eagle Investment Management, LLC
2025-11-18
11.17%→10.16%
First Eagle Investment Management, LLC
2025-08-12
12.18%→11.17%
Correction filing (name/detail fix only) — ratio carried over from the original filing
First Eagle Investment Management, LLC
2025-08-07
12.18%→11.17%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
EDINET
2026-07-17
Large Shareholding Report
TDnet
2026-05-11
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-04-21
Large Shareholding Report
EDINET
2026-03-18
Large Shareholding Report
EDINET
2026-03-18
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-03-04
Large Shareholding Report
TDnet
2026-02-25
株主総会招集通知
EDINET
2026-01-21
Large Shareholding Report
EDINET
2025-12-08
Large Shareholding Report
EDINET
2025-11-18
Large Shareholding Report
TDnet
2025-11-07
Q3 Earnings Flash
FY ending Dec 2025
EDINETAmended
2025-08-12
Change Report
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2025-08-07
Large Shareholding Report
TDnet
2025-05-09
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-27
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINETAmended
2024-05-14
Amended Securities Registration Statement
EDINET
2024-05-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-05-10
Securities Registration Statement
EDINET
2024-03-29
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-08
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-30
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-08
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
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