Overview
Machinery

Odawara Engineering Co.,Ltd.

Odawara Engineering is a global leader in motor winding equipment, holding the No.1 domestic market share in Japan and a top-tier position worldwide. The company develops, designs, manufactures, and sells motor winding systems and bobbin coil winding equipment on a fully custom-order basis, serving customers across automotive, home appliance, industrial/medical equipment, OA/AV, and telecommunications sectors. In addition to its core winding machine business, the company operates a blower and residential equipment segment through subsidiary Loyal Electric, producing small blowers (cross-flow and axial fans) and waterproof lighting fixtures for ventilation applications.

Market Cap
¥11.7B
US$74.4M
EV
¥2.78B
US$17.7M
Stock¥2,035▲+0.30%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
0.9
x
LTM EV/EBIT
1.1
x
LTM PER
5.8
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-42.1%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 16, 26Adjustment from fund inclusion changes
MC → EV Bridge
11.7BUS$74.4MMarket Cap0.00BUS$0.02M+ Debt8.15BUS$52.0M− Cash0.74BUS$4.73M− Inv. Sec.2.78BUS$17.7MEV
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Performance & Balance
Revenue 5Y (¥B)
13.6US$86.4M'21/1214.1US$89.8M'22/1214.7US$93.8M'23/1213.2US$84.0M'24/1218.2US$116M'25/12
EBITDA 5Y (¥B)
1.51US$9.61M'21/121.37US$8.73M'22/122.42US$15.4M'23/121.59US$10.1M'24/123.52US$22.4M'25/12
Net Income 5Y (¥B)
0.93US$5.90M'21/120.80US$5.11M'22/121.53US$9.75M'23/120.87US$5.52M'24/122.32US$14.8M'25/12
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
6.72US$42.8M3.00US$19.1M'21/128.04US$51.3M3.00US$19.1M'22/128.57US$54.7M0.01US$0.04M'23/1210.9US$69.3M0.01US$0.03M'24/129.34US$59.6M0.00US$0.02M'25/12
Shareholders
Top 10 hold 54.9%
1
Tsugawa Motor Research Foundation (Public Interest Incorporated Foundation)
17.44%
2
Yoko TSUGAWA
9.34%
3
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
6.84%
4
Akihiro TSUGAWA
6.46%
5
The Bank of Yokohama, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
4.90%
6
Akihiko SAGAWA
2.74%
7
Tomoko TSUGAWA
2.18%
8
Odawara Engineering Co.,Ltd. Employee Stock Ownership Association
1.93%
9
Masayasu NISHIMURA
1.66%
10
Masahiko HOSHINA
1.37%
Management
10 officers
Masahiko HOSHINA
Representative Director, President and Head of Sales Department
Apr 1982 Joined the Company Feb 2003 Head of Domestic Sales Department of the Company Mar 2003 Director and Head of Sales Department of the Company Mar 2011 Director, Odawara Automation Nagaoka Co., Ltd. Nov 2013 Director, Royal Denki Co., Ltd. Nov 2013 Director, Taga Seisakusho Co., Ltd. Mar 2015 Representative Director and President, Odawara Automation Nagaoka Co., Ltd. Mar 2015 Secretary, Odawara Automation Inc. Oct 2016 Managing Director and Head of Administration Department of the Company Mar 2018 Senior Managing Director and Head of Administration Department of the Company Jan 2020 Geschäftsführer (Managing Director), Odawara Automation Deutschland GmbH (current) Mar 2020 Representative Director and Executive Vice President of the Company Mar 2021 Representative Director and President of the Company (current) Mar 2022 Representative Director and Chairman, Royal Denki Co., Ltd. (current) Apr 2023 CEO, Odawara Automation Inc. (current) Jun 2023 Chairman, Odawara Machine Engineering (Guangzhou) Co., Ltd. (current) Mar 2024 Director, Odawara Automation Nagaoka Co., Ltd. (current)
1960-02-01
Tomomi IWAMOTO
Director, Head of Mechanical Design Department
Apr 1989 Joined the Company Oct 2016 Deputy Manager, Design Department (Mechanical Design) of the Company Apr 2018 Executive Officer and Head of Mechanical Design Department of the Company Mar 2021 Director and Head of Mechanical Design Department of the Company (current) Mar 2022 Director, Odawara Automation Nagaoka Co., Ltd. (current) Apr 2023 Director, Odawara Automation Inc. (current)
1966-01-19
Akihiro TSUGAWA
Director
Feb 2005 Representative Director, Oasamu Hero Yugen Kaisha (now Oasamu Hero Co., Ltd.) (current) Dec 2012 Representative Director, Odawara Tekkosho Co., Ltd. (current) Mar 2015 Corporate Auditor of the Company Mar 2022 Director of the Company (current)
1981-12-16
Yoji OMORI
Director, Head of Manufacturing Department
Apr 1993 Joined the Company Apr 2020 Executive Officer and Head of Manufacturing Department of the Company Mar 2021 Director, Odawara Automation Nagaoka Co., Ltd. Mar 2022 Director and Head of Manufacturing Department of the Company (current) Jun 2023 Director, Odawara Machine Engineering (Guangzhou) Co., Ltd. (current) Mar 2024 Representative Director and President, Odawara Automation Nagaoka Co., Ltd. (current)
1970-10-20
Shinya HASEGAWA
Director, Head of Electrical Design Department
Apr 1995 Joined the Company Oct 2016 Deputy Manager, Design Department (Electrical Design) of the Company Apr 2018 Executive Officer and Head of Electrical Design Department of the Company Mar 2022 Director, Taga Seisakusho Co., Ltd. Mar 2022 Director and Head of Electrical Design Department of the Company (current) Mar 2023 Representative Director and President, Taga Seisakusho Co., Ltd. Jun 2023 Director, Odawara Machine Engineering (Guangzhou) Co., Ltd. (current)
1973-02-08
Keiichi TAO
Director
Apr 1973 Joined Mitsui Information Development Co., Ltd. Nov 1980 Joined Tohmatsu & Aoki Audit Corporation (now Deloitte Touche Tohmatsu LLC) Mar 1983 Registered as Certified Public Accountant Jun 1995 Representing Partner, Tohmatsu & Aoki Audit Corporation Jan 1997 Executive Officer, Deloitte Tohmatsu Consulting Co., Ltd. (now Abeam Consulting Ltd.) Apr 2004 Professor, Graduate School, Ritsumeikan University Mar 2016 Director of the Company (current)
1951-02-25
Yoshiaki OKADA
Director
Oct 1988 Joined Peat Marwick Mitchell CPA Office (now KPMG AZSA LLC) Mar 1992 Registered as Certified Public Accountant May 1992 Registered as Certified Tax Accountant May 1992 Opened Yoshiaki Okada CPA and Tax Accountant Office, Head of Office Jun 2008 Senior Partner, Shin Nihon & Co. (now EY ShinNihon LLC) Jul 2015 Chairman, Nihon Soken Tax Corporation (current) Jul 2015 Representative Director, Japan Healthcare Marketing Co., Ltd. (current) Oct 2016 Representative Director, Japan Wealth Management Co., Ltd. (current) Mar 2020 Director of the Company (current)
1960-10-18
Koichiro TANAKA
Full-time Corporate Auditor
Oct 1987 Joined Sanwa Tohmatsu Aoki Audit Corporation (now Deloitte Touche Tohmatsu LLC) Mar 1991 Registered as Certified Public Accountant Dec 2003 Partner, Director and Executive Officer, Corporate Finance Department, Tohmatsu & Co. (now Deloitte Tohmatsu LLC, GK) Feb 2005 Registered as Certified Tax Accountant Jul 2014 Opened Tanaka Certified Public Accountant Office, Head of Office (current) Mar 2017 Corporate Auditor of the Company Mar 2019 Corporate Auditor, Royal Denki Co., Ltd. (current) Mar 2019 Corporate Auditor, Taga Seisakusho Co., Ltd. Mar 2019 Full-time Corporate Auditor of the Company (current) Mar 2019 Corporate Auditor, Odawara Automation Nagaoka Co., Ltd. (current) Jun 2023 Auditor, Odawara Machine Engineering (Guangzhou) Co., Ltd. (current)
1965-07-06
Masamitsu KOMURO
Full-time Corporate Auditor
Apr 1979 Joined Tohmatsu & Aoki Audit Corporation (now Deloitte Touche Tohmatsu LLC) Feb 1985 Registered as Certified Public Accountant Oct 1996 Director, Tohmatsu Environment Research Institute Co., Ltd. Oct 1997 Representative Director and President, Tohmatsu Environment Research Institute Co., Ltd. Mar 2006 Representative Director and President, Tohmatsu Innovation Co., Ltd. (now ALL DIFFERENT Ltd.) Oct 2018 Opened Masamitsu Komuro Certified Public Accountant Office, Head of Office (current) Mar 2022 Corporate Auditor of the Company Mar 2023 Corporate Auditor, Royal Denki Co., Ltd. (current) Mar 2023 Corporate Auditor, Taga Seisakusho Co., Ltd. Mar 2023 Full-time Corporate Auditor of the Company (current)
1956-06-04
Osamu ISHIHARA
Corporate Auditor
Apr 1987 Registered with Tokyo Bar Association; joined Nishimura & Sanada Law Office Oct 1990 Joined TMI Associates Apr 1997 Partner, TMI Associates (current) Jan 2004 Civil Advocacy Instructor, Legal Training and Research Institute of the Supreme Court of Japan Mar 2010 Corporate Auditor of the Company (current)
1960-02-17
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-10
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-10
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-14
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-24
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-13
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-12
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-14
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-13
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-28
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-30
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
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
2021-11-12
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-30
Annual Securities Report
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