Overview
Machinery

Ishikawa Seisakusho,Ltd.

Ishikawa Seisakusho manufactures and sells corrugated cardboard box-making and printing machinery (flexo folder gluers, flexo printers, and heavy-duty box-making machines) primarily targeting the packaging industry, with Rengo Co., Ltd. as a key customer. The company also produces defense equipment including naval mines and aviation electronic instruments, and operates a contract manufacturing segment for third-party machinery. Its competitive strengths lie in precision manufacturing capabilities (sub-0.1mm tolerances), deep product customization, proprietary design expertise, and comprehensive after-sales service.

Market Cap
¥9.70B
US$61.9M
EV
¥19.1B
US$122M
Stock¥1,555▼-3.30%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
10.5
x
LTM EV/EBIT
13.8
x
LTM PER
13.8
x
LTM PBR
1.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-35.7%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
9.70BUS$61.9MMarket Cap12.3BUS$78.2M+ Debt0.81BUS$5.13M− Cash2.02BUS$12.9M− Inv. Sec.19.1BUS$122MEV
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Performance & Balance
Revenue 5Y (¥B)
12.1US$77.0M'22/312.6US$80.3M'23/313.6US$86.7M'24/316.2US$103M'25/318.5US$118M'26/3
EBITDA 5Y (¥B)
0.39US$2.48M'22/30.42US$2.66M'23/30.52US$3.32M'24/30.95US$6.09M'25/31.74US$11.1M'26/3
Net Income 5Y (¥B)
0.14US$0.91M'22/30.17US$1.07M'23/30.25US$1.60M'24/30.42US$2.70M'25/30.64US$4.06M'26/3
Capital Structure
33%
67%
EquityD/E 1.99xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.80US$11.5M4.98US$31.7M'22/32.03US$12.9M4.10US$26.1M'23/32.27US$14.5M6.23US$39.7M'24/32.35US$15.0M9.08US$57.9M'25/32.71US$17.3M13.3US$85.1M'26/3
Shareholders
Top 10 hold 39.8%
1
Rengo Co.,Ltd.
20.02%
2
Nippon Life Insurance Company
3.08%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
2.88%
4
Ishikawa Friend-kai
2.58%
5
Meiji Yasuda Life Insurance Company
2.41%
6
Custody Bank of Japan, Ltd. (Trust Account)
2.38%
7
Keiji SHIMIZU
2.19%
8
UBS AG SINGAPORE (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.57%
9
Yasushi NAOYAMA
1.45%
10
BCSL CLIENT RE BBPLC NYBR (Standing Proxy: Barclays Securities Japan Limited)
1.24%
Management
12 officers
Toshikazu NOGUCHI
Director
Apr 1993 Joined the Company Jul 2018 General Manager, Sales Division Oct 2020 Deputy General Manager, Tokyo Research Laboratory; concurrently General Manager, Sales Division Jan 2021 Executive Officer Apr 2021 Deputy General Manager, Tokyo Research Laboratory Apr 2022 General Manager, Corporate Planning & Administration Division; concurrently Deputy General Manager, Tokyo Research Laboratory Jun 2022 Director Jun 2023 Managing Director Jun 2024 Senior Managing Director; Assistant to the President; General Manager, Development Division Jun 2025 Representative Director, Senior Managing Director; Assistant to the President; General Manager, Development Division Apr 2026 Representative Director, President (current)
1970-06-16
Izuru FUKUMOTO
Director
Mar 1979 Joined Japan Maritime Self-Defense Force Mar 1998 Defense Attaché, Turkey Mar 2012 Vice Admiral; Principal, Maritime Self-Defense Force Staff College Nov 2014 Joined the Company; Deputy General Manager, Tokyo Research Laboratory Oct 2015 General Manager, Tokyo Research Laboratory (current) Jun 2016 Director Jun 2018 Managing Director Jun 2025 Senior Managing Director (current)
1957-02-15
Kiyoshi TSUJI
Director
Apr 1974 Joined the Company Mar 1998 Senior Manager, Industrial Machinery Division Feb 2008 General Manager, Paper Converting Machinery Department Jul 2009 Deputy Head, Paper Converting Machinery Division; concurrently General Manager, Paper Converting Machinery Department Mar 2010 Head, Sales Division; concurrently General Manager, Paper Converting Sales Department Apr 2011 Executive Officer Apr 2011 Head, Business Division Jun 2015 Director Oct 2022 Head, Industrial Machinery Division Oct 2023 In charge of Industrial Machinery Division (current) Jun 2025 Managing Director (current)
1952-02-26
Takashi MIZUNO
Director
Apr 1981 Joined the Company Mar 2004 General Manager, Cost Management Department Apr 2011 General Manager, Planning & Development Department Apr 2014 Executive Officer Jul 2016 General Manager, Corporate Planning Department Jul 2021 Deputy Head, Corporate Planning & Administration Division; concurrently General Manager, Corporate Planning Department Jun 2024 Director (current); Head, Corporate Planning & Administration Division Apr 2026 Head, Corporate Planning & Administration Division; concurrently Head, Development Division (current)
1958-09-05
Shinji YAMAGISHI
Director
Jun 1990 Joined the Company Apr 2016 General Manager, Purchasing Department Mar 2023 General Manager, Special Products Quality Control Department Apr 2024 Executive Officer (current); Deputy Head, Manufacturing Division; concurrently General Manager, Special Products Quality Control Department Sep 2025 Head, Manufacturing Division (current) Jun 2026 Director
1969-10-05
Hiroshi CHOSO
Director
Apr 1981 Joined Kanto Aircraft Instruments Co., Ltd. Apr 2009 Group Leader, Accounting Group, General Affairs Department, Kanto Aircraft Instruments Co., Ltd. May 2012 General Manager, Finance Department, Kanto Aircraft Instruments Co., Ltd. Apr 2015 General Manager, Corporate Planning & Administration Department, Kanto Aircraft Instruments Co., Ltd. Jul 2016 Executive Officer; General Manager, Corporate Planning & Administration Department, Kanto Aircraft Instruments Co., Ltd. Jun 2018 Director, Kanto Aircraft Instruments Co., Ltd. Jun 2021 Vice President Director, Kanto Aircraft Instruments Co., Ltd. Jun 2024 Representative Director, President, Kanto Aircraft Instruments Co., Ltd. (current) Jun 2025 Director of the Company (current)
1962-05-14
Shigeru KARAKI
Audit & Supervisory Board Member
Apr 1981 Joined the Company Dec 2006 General Manager, Design Department; concurrently Leader, Research & Development Group Sep 2009 General Manager, Development Promotion Department; concurrently Leader, Sky Group Apr 2014 Executive Officer Jul 2018 Assigned to the Office of the Director, Tokyo Research Laboratory, in charge of technology Jun 2023 Senior Advisor, Office of the Director, Tokyo Research Laboratory, in charge of technology Jun 2025 Audit & Supervisory Board Member (current)
1958-06-05
Hiromi MIBE
Director
Apr 1975 Joined Rengo Co., Ltd. May 2002 General Manager, Human Resources Department, Rengo Co., Ltd. Jun 2005 Officer, Rengo Co., Ltd. Apr 2007 Executive Officer; General Manager, General Affairs Department; concurrently General Manager, Human Resources Department, Rengo Co., Ltd. Jun 2009 Director and Executive Officer; General Manager, Human Resources Department; in charge of General Affairs Department, Rengo Co., Ltd. Apr 2011 Director and Managing Executive Officer, Rengo Co., Ltd. Apr 2015 Director and Senior Managing Executive Officer, Rengo Co., Ltd. Jun 2021 Senior Managing Executive Officer (Senior Position), Rengo Co., Ltd. Apr 2025 Vice President Executive Officer (Senior Position), Rengo Co., Ltd. Jun 2025 Director of the Company (current) Jun 2025 Director and Vice President Executive Officer, Rengo Co., Ltd. (current)
1952-11-06
Nobuyuki KASAGAWA
Director
Apr 1981 Joined Itochu Corporation Apr 2002 General Manager, Aerospace Department, Itochu Corporation Apr 2008 Executive Officer, Itochu Corporation Apr 2009 General Manager, Aerospace & Industrial Machinery Systems Division, Itochu Corporation Jun 2009 Director of the Company Apr 2012 Representative Director, President, Itochu Aviation Co., Ltd. Apr 2024 Chairman of the Board, Itochu Aviation Co., Ltd. Jun 2025 Director of the Company (current)
1959-01-06
Yutaka KATO
Director
Apr 1979 Joined Itochu Corporation Jun 2005 Executive Officer; General Manager, Industrial Machinery Division, Itochu Corporation Jun 2005 Director of the Company Jun 2010 Joined Suncall Corporation Jun 2010 Managing Director; General Manager, Sales Division, Suncall Corporation Jun 2013 Senior Managing Director; General Manager, Sales Division, Suncall Corporation Jun 2026 Director of the Company
1955-06-04
Tetsuya MATSUMOTO
Audit & Supervisory Board Member
Oct 2006 Registered as Attorney-at-Law Oct 2006 Joined Yamazaki Law Office Apr 2013 Auditor, Kanazawa Bar Association Apr 2014 Vice President, Kanazawa Bar Association Dec 2017 Audit & Supervisory Board Member of the Company (current) Dec 2017 Head, Yamazaki Law Office (current)
1966-09-26
Tomohiro ARAI
Audit & Supervisory Board Member
Apr 1974 Joined Kanazawa Regional Taxation Bureau Jul 2015 Director, Kanazawa Tax Office, Kanazawa Regional Taxation Bureau Aug 2016 Opened Arai Tax Accountant Office (current) Jun 2020 Audit & Supervisory Board Member of the Company (current)
1955-05-21
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-18
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-10
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-19
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 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
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-15
Quarterly Securities Report
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