Overview
Metal Products

KYORITSU AIR TECH INC.

Kyoritsu Air Tech is a specialized manufacturer of air conditioning and fire/disaster prevention dampers for building and residential applications. The company's building equipment division supplies HVAC components including dampers, air outlets/inlets, VAV/CAV units, and air handling unit systems (FAS) to hospitals, railway stations, shopping malls, and other large facilities. Its residential equipment division offers whole-house air conditioning systems and 24-hour ventilation systems designed to provide healthy and comfortable indoor air environments.

Market Cap
¥4.15B
US$26.5M
EV
¥1.03B
US$6.56M
Stock¥860▼-0.81%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
1.1
x
LTM EV/EBIT
1.6
x
LTM PER
9.3
x
LTM PBR
0.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+0.5%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jan 16, 26Announced absorption merger of subsidiary Tokin
2Feb 12, 26Q3 earnings announcement
MC → EV Bridge
4.15BUS$26.5MMarket Cap1.85BUS$11.8M+ Debt3.52BUS$22.4M− Cash1.49BUS$9.49M− Inv. Sec.0.03BUS$0.18M+ NCI1.03BUS$6.56MEV
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Performance & Balance
Revenue 5Y (¥B)
9.89US$63.1M'21/1210.6US$67.6M'22/1211.9US$75.9M'23/1211.7US$74.8M'24/1211.9US$76.0M'25/12
EBITDA 5Y (¥B)
0.90US$5.72M'21/120.76US$4.86M'22/120.93US$5.96M'23/120.94US$5.97M'24/120.86US$5.52M'25/12
Net Income 5Y (¥B)
0.55US$3.52M'21/120.36US$2.32M'22/120.49US$3.11M'23/120.50US$3.18M'24/120.46US$2.93M'25/12
Capital Structure
85%
EquityD/E 0.18xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
3.76US$24.0M1.95US$12.4M'21/123.73US$23.8M2.05US$13.1M'22/124.48US$28.6M2.05US$13.1M'23/125.15US$32.9M1.95US$12.5M'24/125.40US$34.4M1.95US$12.4M'25/12
Shareholders
Top 10 hold 58.6%
1
Yukio KUNO
11.01%
2
KYORITSU AIR TECH INC. Employee Stock Ownership Association
9.66%
3
Sumitomo Life Insurance Company (Standing Proxy: Custody Bank of Japan, Ltd.)
7.67%
4
Kyoritsu Air Tech Kyoei Association
5.77%
5
The Nishi-Nippon City Bank, Ltd.
4.93%
6
The Bank of Fukuoka, Ltd.
4.86%
7
BNP PARIBAS FRANKFURT 2S JASDEC GERMAN RESIDENTS (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
4.40%
8
Hikari Tsushin Investment Limited Partnership
4.00%
9
Kimihito MIZUMOTO
3.28%
10
NANYO CORPORATION
3.00%
Management
7 officers
Yukio KUNO
Representative Director, President
Mar 1971 Joined the Company Jan 1986 General Manager, Technical Department, the Company Mar 1990 Director, General Manager, Technical Department, the Company Mar 1994 Managing Director, General Manager, Technical Department, the Company Feb 2001 Representative Director, Managing Director, General Manager, Technical Headquarters and General Manager, Administration Department, the Company Apr 2001 Representative Director, President, the Company (current) Aug 2005 Chairman, Changshu Kaifeng Air Conditioning Co., Ltd. (current) Sep 2013 Representative Director, President, Mask Co., Ltd. (current)
1951-07-01
Masaaki MIYATA
Director, General Manager, Sales Headquarters
Jan 2000 Joined the Company Jun 2005 Branch Manager, Tokyo Branch, the Company Mar 2010 Director, General Manager, Sales Headquarters, the Company (current) Sep 2013 Director, Mask Co., Ltd. (current) Jan 2016 Director, Changshu Kaifeng Air Conditioning Co., Ltd. (current)
1953-01-30
Hideki KAKIHARA
Director, General Manager, Technology Headquarters
Apr 2011 Joined the Company Jul 2011 General Manager, ES/C Department, the Company Mar 2017 Director, General Manager, Technology Headquarters, the Company (current)
1956-06-16
Shuzo KINUME
Outside Director
Mar 1978 Registered as Certified Public Accountant Aug 1978 Opened Kinume CPA Office Oct 1978 Registered as Certified Tax Accountant Jun 2015 Outside Director, Zet Co., Ltd. (current) Jun 2025 Outside Director, the Company (current)
1949-10-26
Takaaki MATSUMOTO
Full-time Corporate Auditor
Apr 1981 Joined the Company Mar 2011 Corporate Auditor, the Company (current) May 2011 Auditor, Changshu Kaifeng Air Conditioning Co., Ltd. (current) Sep 2013 Corporate Auditor, Mask Co., Ltd. (current)
1958-10-10
Hisashi KATO
Corporate Auditor
Mar 1994 Representative, Kato Joint International Patent Office (current) Mar 2001 Outside Corporate Auditor, the Company (current)
1954-04-29
Nobuyuki CHO
Corporate Auditor
Sep 1979 Registered as Certified Public Accountant Jul 1986 Registered as Certified Tax Accountant Feb 1987 Representative, Cho CPA Office (current) Jun 1989 Representative Director, Zaisan Management Co., Ltd. (current) Mar 2002 Outside Corporate Auditor, the Company (current)
1953-09-19
Large Shareholding Reports
Arne Wolf Klaus Deussen
2026-09-03
—
Disclosures
No disclosures
Primary Source Filings
EDINETAmended
2026-09-03
Change Report
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-07
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-13
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-27
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-12
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-13
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-13
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-28
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-10
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
2022-11-09
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-30
Annual Securities Report
EDINET
2021-11-09
Quarterly Securities Report
EDINET
2021-08-16
Quarterly Securities Report
EDINET
2021-05-13
Quarterly Securities Report
EDINET
2021-03-29
Annual Securities Report
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