Overview
Machinery

OSG Corporation

OSG Corporation is a leading manufacturer of precision cutting tools, including taps, drills, end mills, indexable tools, thread mills, dies, thread gauges, and tooling systems. The company serves a broad range of industries requiring metal cutting and threading solutions, offering products with advanced coatings and high-performance carbide materials. OSG also provides value-added services such as re-sharpening and re-coating, as well as roll forming tools and machine tools, reinforcing its position as a comprehensive precision tooling solutions provider.

Market Cap
¥289B
US$1.84B
EV
¥279B
US$1.78B
Stock¥3,475▼-2.69%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.9
x
LTM EV/EBIT
7.8
x
LTM PER
11.1
x
LTM PBR
1.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+32.0%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 9, 26Market-wide: TOPIX -3.8% broad decline
2Jul 13, 26Q2 FY2026/11 earnings announced
3Oct 13, 26Q3 FY2026/11 earnings announced; Board approved share buyback
MC → EV Bridge
289BUS$1.84BMarket Cap42.0BUS$268M+ Debt56.0BUS$357M− Cash8.67BUS$55.3M− Inv. Sec.12.9BUS$82.5M+ NCI279BUS$1.78BEV
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Performance & Balance
Revenue 5Y (¥B)
126US$805M'21/11143US$909M'22/11148US$942M'23/11156US$992M'24/11161US$1.02B'25/11
EBITDA 5Y (¥B)
26.7US$170M'21/1132.4US$207M'22/1130.8US$197M'23/1130.7US$196M'24/1132.9US$210M'25/11
Net Income 5Y (¥B)
11.0US$70.1M'21/1116.5US$105M'22/1114.3US$91.2M'23/1113.4US$85.7M'24/1114.3US$91.4M'25/11
Capital Structure
83%
EquityD/E 0.21xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
51.1US$326M30.8US$196M'21/1151.5US$328M25.6US$163M'22/1163.8US$407M28.7US$183M'23/1162.1US$396M49.1US$313M'24/1159.8US$382M45.0US$287M'25/11
Shareholders
Top 10 hold 41.6%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
9.75%
2
Custody Bank of Japan, Ltd. (Trust Account)
8.44%
3
OSG Agent-kai
4.39%
4
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
3.22%
5
OSG Corporation Stock Ownership Association
3.19%
6
Osawa Scientific Technology Promotion Foundation
3.03%
7
Sumitomo Mitsui Banking Corporation
2.55%
8
Custody Bank of Japan, Ltd. (Trust Account 4)
2.44%
9
OSG Corporation Employee Stock Ownership Association
2.40%
10
Nomura Trust and Banking Co., Ltd. (Investment Trust Account)
2.18%
Management
7 officers
Norio ISHIKAWA
Representative Director, Chairman and Chief Executive Officer (CEO)
May 1983 Seconded to OSG Tap and Die, Inc. (now OSG USA, Inc.) Aug 1999 President, OSG Europe S.A. Feb 2001 Director Feb 2003 Executive Officer Feb 2004 Director Feb 2007 Representative Director, President and Chief Operating Officer (COO) Feb 2017 Representative Director, President and Chief Executive Officer (CEO) Feb 2021 Representative Director, Chairman and Chief Executive Officer (CEO) (current)
1955-12-23
Nobuaki OSAWA
Representative Director, President and Chief Operating Officer (COO)
Nov 1997 Seconded to Norman Taps and Dies Limited (now OSG UK Limited) Oct 2003 Representative Director, OSG UK Limited (current) Dec 2004 Representative Director, President, OSG Europe S.A. Feb 2010 Managing Director Jan 2014 Representative Director, Chairman, OSG Europe S.A. (current) Sep 2016 Chairman, Osawa Scientific Technology Promotion Foundation (current) Feb 2018 Managing Executive Officer Feb 2019 Director, Senior Managing Executive Officer Feb 2021 Representative Director, President and Chief Operating Officer (COO) (current)
1968-04-01
Takehiro TOMIYOSHI
Director, Full-time Audit and Supervisory Committee Member
Apr 1982 Joined Nomura Securities Co., Ltd. Oct 2016 Joined the Company; General Manager, New Business Office Feb 2017 Executive Officer, in charge of New Business Development Feb 2018 Executive Officer, in charge of Corporate Planning Office Feb 2020 New Business Office Feb 2022 Director, Full-time Audit and Supervisory Committee Member (current)
1959-05-29
Akihito TAKAHASHI
Director, Audit and Supervisory Committee Member
Apr 2000 Registered as Attorney-at-Law Apr 2005 Registered as Attorney-at-Law in the State of New York Sep 2009 Founded Takahashi & Katayama Law Offices; Representative (current) Mar 2015 Outside Director, Nippon Carbon Co., Ltd. Dec 2015 Outside Director, ACK Group Co., Ltd. (now Oriental Consultants Holdings Co., Ltd.) (current) Feb 2018 Director, Audit and Supervisory Committee Member (current) Jun 2022 Outside Director, Toa Oil Co., Ltd.
1975-03-30
Kunihiko HARA
Director, Audit and Supervisory Committee Member
Jun 1998 Director, DENSO Corporation Jun 2002 Senior Managing Director, Japan Automotive Parts Research Institute (now SOKEN, Inc.) Jun 2005 Managing Director, Kompon Research, Inc. (now Toyota Kompon Research Co., Ltd.) Jun 2007 Deputy Director, Kompon Research, Inc. (now Toyota Kompon Research Co., Ltd.) Jun 2010 Advisor, Kompon Research, Inc. (now Toyota Kompon Research Co., Ltd.) Jul 2010 Specially Appointed Professor, Tailor-Made Baton Zone Education Promotion Headquarters, Toyohashi University of Technology Apr 2016 Vice President for Research Enhancement, Toyohashi University of Technology May 2018 Specially Appointed Professor, Innovation Strategy Office, Nagoya University Jun 2018 Professor Emeritus, Toyohashi University of Technology Feb 2020 Director, Audit and Supervisory Committee Member (current) Apr 2020 Specially Appointed Professor, Center for Value Creation Education and Research, Graduate School of Informatics, Nagoya University (current)
1947-01-02
Kayoko YAMASHITA
Director, Audit and Supervisory Committee Member
Apr 1996 Registered as Certified Public Accountant Apr 2006 Founded Yamashita CPA Office; Representative (current) Apr 2008 Registered as Certified Tax Accountant Jun 2015 Outside Audit & Supervisory Board Member, Soto Co., Ltd. (current) Jun 2015 Outside Audit & Supervisory Board Member, FUJI Corporation (current) Feb 2022 Director, Audit and Supervisory Committee Member (current)
1965-07-01
Yoshitsugu HAYASHI
Director, Audit and Supervisory Committee Member
Apr 1992 Professor, Graduate School, Nagoya University Jul 1992 Director, World Conference on Transport Research Society (current) Apr 2006 Dean, Graduate School of Environmental Studies, Nagoya University Jul 2013 President, World Conference on Transport Research Society Jul 2015 Full Member, The Club of Rome (current) Apr 2016 Professor Emeritus, Nagoya University; Professor, Chubu University Research Institute of Integrated Engineering Jun 2017 Outside Director, Fuji Electric Co., Ltd. Mar 2019 President, Japan Branch, The Club of Rome (current) Apr 2019 Co-Director and Visiting Professor, Center for Global Transport Research, Tongji University, China (current) Jun 2019 Distinguished Visiting Professor, Tsinghua University, China (current) Oct 2020 Executive Officer, The Club of Rome Headquarters (current) Apr 2021 Distinguished Professor, Center for Sustainable Development and Smart City International Research, Chubu University (current) Feb 2024 Director, Audit and Supervisory Committee Member (current) Apr 2024 Distinguished Professor and Special Advisor to the President, Tokai Gakuen University (current)
1951-01-02
Large Shareholding Reports
Nomura Securities Co., Ltd.
2026-10-22
3.75%→3.97%
Sumitomo Mitsui DS Asset Management Company, Limited
2026-10-22
2.86%→2.93%
NOMURA INTERNATIONAL PLC
2026-07-06
3.74%→4.15%
Nomura Securities Co., Ltd.
2026-06-19
3.74%→3.95%
Amova Asset Management Co., Ltd.
2026-06-04
2.66%
NOMURA INTERNATIONAL PLC
2026-05-27
4.74%→4.44%
Sumitomo Mitsui DS Asset Management Company, Limited
2026-05-22
2.86%
NOMURA INTERNATIONAL PLC
2026-05-21
4.08%→4.74%
NOMURA INTERNATIONAL PLC
2026-05-11
2.78%→4.08%
Nomura Securities Co., Ltd.
2026-03-05
3.82%→3.87%
NOMURA SECURITIES CO., LTD.
2026-02-19
3.83%→3.82%
Nomura Securities Co., Ltd.
2025-12-04
3.82%→3.83%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
2.31%→1.87%
Nomura Securities Co., Ltd.
2025-09-18
3.85%→3.82%
Nomura Securities Co., Ltd.
2025-08-06
3.50%→3.85%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-22
Large Shareholding Report
EDINET
2026-10-22
Large Shareholding Report
TDnet
2026-10-09
Q3 Earnings Flash
FY ending Nov 2026
EDINET
2026-07-14
Semi-Annual Securities Report
Period: Dec 2025 – Nov 2026
TDnet
2026-07-10
Q2 Earnings Flash
FY ending Nov 2026
EDINET
2026-07-06
Large Shareholding Report
EDINET
2026-06-19
Large Shareholding Report
EDINET
2026-06-04
Large Shareholding Report
EDINET
2026-05-27
Large Shareholding Report
EDINET
2026-05-22
Large Shareholding Report
EDINET
2026-05-21
Large Shareholding Report
EDINET
2026-05-11
Large Shareholding Report
TDnet
2026-04-10
Q1 Earnings Flash
FY ending Nov 2026
EDINET
2026-03-05
Large Shareholding Report
EDINET
2026-02-19
Large Shareholding Report
EDINET
2026-02-19
Annual Securities Report
Period: Dec 2024 – Nov 2025
EDINET
2025-12-04
Large Shareholding Report
TDnet
2025-10-09
Q3 Earnings Flash
FY ending Nov 2025
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-09-18
Large Shareholding Report
EDINET
2025-08-06
Large Shareholding Report
EDINET
2025-07-14
Semi-Annual Securities Report
Period: Dec 2024 – Nov 2025
TDnet
2025-04-10
Q1 Earnings Flash
FY ending Nov 2025
EDINETAmended
2025-02-25
Amended Securities Registration Statement
EDINETAmended
2025-02-21
Amended Securities Registration Statement
EDINET
2025-02-21
Annual Securities Report
Period: Dec 2023 – Nov 2024
EDINET
2025-01-16
Securities Registration Statement
EDINET
2024-07-11
Quarterly Securities Report
Period: Mar 2024 – May 2024
EDINET
2024-04-12
Quarterly Securities Report
Period: Dec 2023 – Feb 2024
EDINET
2024-02-16
Annual Securities Report
Period: Dec 2022 – Nov 2023
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