Overview
Machinery

NPR-RIKEN CORPORATION

Riken NPR Corporation is a holding company formed in October 2023 through the integration of Riken Corporation and Nippon Piston Ring Co., Ltd., two leading Japanese manufacturers of automotive and industrial machinery components. The group's core products include piston rings and related engine components, piping and construction materials, as well as ancillary businesses such as EMC (electromagnetic compatibility) facilities, thermal engineering, and medical/emergency products. Operating globally across Asia, the Americas, and Europe, the group combines the manufacturing expertise and customer bases of both predecessor companies to strengthen its competitive position in the global automotive parts market.

Market Cap
¥103B
US$659M
EV
¥51.2B
US$327M
Stock¥3,840▼-1.03%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.6
x
LTM EV/EBIT
3.8
x
LTM PER
7.5
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-1.1%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 5, 26Technical rebound from previous drop
2Aug 10, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
103BUS$659MMarket Cap27.1BUS$173M+ Debt40.8BUS$260M− Cash47.4BUS$302M− Inv. Sec.8.97BUS$57.2M+ NCI51.2BUS$327MEV
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Performance & Balance
Revenue 5Y (¥B)
139US$884M'24/3170US$1.09B'25/3163US$1.04B'26/3
EBITDA 5Y (¥B)
15.5US$99.0M'24/321.2US$135M'25/321.6US$138M'26/3
Net Income 5Y (¥B)
26.3US$168M'24/38.76US$55.8M'25/314.0US$89.5M'26/3
Capital Structure
86%
EquityD/E 0.16xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
64.8US$414M19.8US$126M'24/365.1US$415M20.3US$130M'25/374.9US$477M15.4US$97.9M'26/3
Shareholders
Top 10 hold 36.0%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
11.86%
2
Custody Bank of Japan, Ltd. (Trust Account)
4.16%
3
Mizuho Bank, Ltd.
3.62%
4
Nippon Life Insurance Company
3.46%
5
NPR-RIKEN CORPORATION Employee Stock Ownership Association
2.91%
6
The Daishi Hokuetsu Bank, Ltd.
2.38%
7
Sumitomo Mitsui Trust Bank, Limited
1.95%
8
Stock Ownership Association
1.91%
9
MUFG Bank, Ltd.
1.90%
10
RE FUND 107-CLIENT AC (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.86%
Management
10 officers
Yasunori MAEKAWA
Representative Director, Chairman and Chairman Executive Officer, CEO
Mar 1986 Joined Riken Corporation Feb 2004 General Manager, Nagoya Sales Department, Sales Division, Riken Corporation Jun 2010 Director and Chairman of Overseas Committee, Riken Corporation May 2013 Director, Riken Corporation Jun 2015 Managing Director, Riken Corporation May 2016 Director and Managing Executive Officer, Riken Corporation Apr 2019 Director and Senior Managing Executive Officer, Riken Corporation Jun 2019 Representative Director and Senior Managing Executive Officer, Riken Corporation Apr 2020 Representative Director, President and COO, Riken Corporation Apr 2022 Representative Director, President, CEO and COO, Riken Corporation Oct 2023 Representative Director and CEO, the Company Apr 2025 Representative Director, Chairman and Chairman Executive Officer, CEO, the Company (current)
1958-02-27
Motonori WAKABAYASHI
Representative Director, President and President Executive Officer, COO
Apr 1987 Joined The Industrial Bank of Japan, Ltd. Apr 2015 Executive Officer, Industry Research Department, Mizuho Bank, Ltd. Apr 2016 Managing Executive Officer, Head of Research & Consulting Unit, and Director in charge of branches, Mizuho Bank, Ltd.; Managing Executive Officer, Mizuho Financial Group, Inc. Apr 2018 Executive Officer, Head of Research & Consulting Unit, Mizuho Financial Group, Inc. Jun 2019 Director and Executive Officer, Head of Research & Consulting Unit and Head of Risk Management Group, Mizuho Financial Group, Inc.; Director and President, Mizuho Research Institute Ltd. Apr 2020 Director and Senior Managing Executive Officer, Head of Risk Management Group, Mizuho Financial Group, Inc. (Director and Executive Officer from Jul 2021); Deputy President and Executive Officer, Mizuho Bank, Ltd. Nov 2021 Director and Executive Officer, Head of Risk Management Group and Head of Compliance Group, Mizuho Financial Group, Inc. Apr 2022 Director and Deputy President, Mizuho Bank, Ltd. Apr 2023 Director and Executive Officer, Group CRO, Mizuho Financial Group, Inc. May 2024 Advisor, the Company Jun 2024 Managing Director, the Company Apr 2025 Director and Vice President Executive Officer, the Company Apr 2026 Representative Director, President and President Executive Officer, COO, the Company (current)
1964-08-13
Hidehiro SAKABA
Director, Senior Managing Executive Officer, CIO and CISO
Apr 1985 Joined Riken Corporation Jun 2011 General Manager, Corporate Planning Department, Riken Corporation May 2016 Executive Officer, General Manager, Corporate Planning Department, Riken Corporation Jun 2020 Executive Officer, President, Riken Mexico, Riken Corporation Apr 2022 Managing Executive Officer, President, Riken Mexico, Riken Corporation May 2022 Managing Executive Officer, General Manager, Management Administration Division, Riken Corporation Jun 2022 Director and Managing Executive Officer, Riken Corporation Jun 2023 Director, Managing Executive Officer, CIO and CISO, Riken Corporation Oct 2023 Director, the Company Apr 2025 Director, Managing Executive Officer, CIO and CISO, the Company Apr 2026 Director, Senior Managing Executive Officer, CIO and CISO, the Company (current)
1962-11-22
Tadaaki YO
Director, Managing Executive Officer
Apr 1995 Joined Nippon Piston Ring Co., Ltd. Apr 2007 Plant Manager, Nikkan Automotive Parts Manufacturing (Yizheng) Co., Ltd. May 2011 Chairman and General Manager, Nikkan Automotive Parts Manufacturing (Yizheng) Co., Ltd. Dec 2012 Chairman and General Manager, Nikkan Powder Metallurgy Manufacturing (Yizheng) Co., Ltd. Jul 2013 Executive Officer, Nippon Piston Ring Co., Ltd.; Chairman and General Manager, Yizheng Nikkan Asimco Powder Metallurgy Manufacturing Co., Ltd. Jun 2016 Director, Nippon Piston Ring Co., Ltd. Jun 2020 Director, Nippon Piston Ring Co., Ltd.; Chairman and General Manager, Yizheng Nikkan Asimco Powder Metallurgy Manufacturing Co., Ltd. Jun 2021 Director and Managing Executive Officer, Nippon Piston Ring Co., Ltd.; Chairman and General Manager, Yizheng Nikkan Asimco Powder Metallurgy Manufacturing Co., Ltd. Jun 2024 Director, the Company Apr 2025 Director and Managing Executive Officer, the Company (current)
1962-07-20
Hiroto KOSHIBA
Director (Full-time Audit and Supervisory Committee Member)
Apr 1988 Joined Nippon Piston Ring Co., Ltd. Apr 2012 General Manager, Accounting Department, Nippon Piston Ring Co., Ltd. Jul 2016 Executive Officer, General Manager, Accounting Department, Nippon Piston Ring Co., Ltd. Jul 2018 Executive Officer, Assistant to Director in charge of Accounting, Nippon Piston Ring Co., Ltd. Jun 2020 Audit & Supervisory Board Member, Nippon Piston Ring Co., Ltd. Jun 2021 Director (Audit and Supervisory Committee Member), Nippon Piston Ring Co., Ltd. Oct 2023 Audit & Supervisory Board Member, Nippon Piston Ring Co., Ltd. Oct 2023 Director (Full-time Audit and Supervisory Committee Member), the Company (current)
1965-04-04
Masako KUROSAWA
Director
Nov 1991 Research Fellow, Institute for Research on Higher Education, University of Pennsylvania, Philadelphia, USA Sep 1994 Visiting Assistant Professor, Economics Department, Barnard College, New York, USA Apr 1995 Associate Professor, Department of Economics, Josai University Apr 1998 Visiting Associate Professor, Department of Industry and Technology, The Open University of Japan Apr 2000 Associate Professor, Department of Economics, Meiji Gakuin University Apr 2003 Associate Professor, National Graduate Institute for Policy Studies (GRIPS) Apr 2004 Professor, GRIPS (current) Director, Tokyo Shigoto Foundation (current) Apr 2005 Faculty Fellow, Research Institute of Economy, Trade and Industry Apr 2012 Member, Operating Committee, Japan Organization for Employment of the Elderly, Persons with Disabilities and Job Seekers Sep 2015 Visiting Fellow, Japan Economy and Business Research Institute, Columbia Business School Feb 2020 Chairperson, Study Group on Consolidation of Skill Test Occupations, Ministry of Health, Labour and Welfare (current) Apr 2021 Director and Vice President, GRIPS (current) Apr 2022 Member, Standing Committee on Productivity, Japan Productivity Center (current) Apr 2023 Temporary Member, Labour Policy Council, Public Employment Security Bureau, Ministry of Health, Labour and Welfare (current) Jun 2023 Outside Director, Riken Corporation Oct 2023 Outside Director, the Company (current) Oct 2024 Trustee, Nomura Foundation (current)
1962-07-23
Osamu HONDA
Director (Full-time Audit and Supervisory Committee Member)
Apr 1981 Joined The Industrial Bank of Japan, Ltd. Apr 2009 Executive Officer, Corporate Planning Group and General Manager, Human Resources Department, Mizuho Securities Co., Ltd. Jun 2011 Director and Vice President, Japan Securities Agent Co., Ltd. Jun 2012 Director, Japan Electronic Computer Co., Ltd. Jun 2015 Director and Managing Executive Officer, Shoken Japan Co., Ltd. Jun 2017 Representative Director and Senior Managing Director, Nichitsu Co., Ltd. Jun 2019 Representative Director and Vice President, Nichitsu Co., Ltd. Jun 2021 Outside Audit & Supervisory Board Member, Kurimoto, Ltd.; Outside Director (Audit and Supervisory Committee Member), Riken Corporation Oct 2023 Audit & Supervisory Board Member, Riken Corporation; Outside Director (Audit and Supervisory Committee Member), the Company Jun 2025 Outside Director (Full-time Audit and Supervisory Committee Member), the Company (current)
1958-03-04
Tatsuya SAKUMA
Director (Audit and Supervisory Committee Member)
Apr 1983 Appointed Public Prosecutor; served at Tokyo, Naha and Niigata District Public Prosecutors Offices, Criminal Affairs Bureau of the Ministry of Justice, and First Secretary at the Embassy of Japan in the United States Sep 1999 Director, Investigation Division, Civil Liberties Bureau, Ministry of Justice Jan 2003 Director, Public Security Division, Criminal Affairs Bureau, Ministry of Justice Jun 2004 Director, Criminal Division, Criminal Affairs Bureau, Ministry of Justice Dec 2005 Deputy Head, Special Investigation Department, Tokyo District Public Prosecutors Office Jan 2007 Head, General Affairs Department, Tokyo District Public Prosecutors Office Jul 2008 Head, Special Investigation Department, Tokyo District Public Prosecutors Office Jul 2010 Chief Public Prosecutor of Otsu, Maebashi and Chiba District Public Prosecutors Offices; Director, UNAFEI; Director-General, Research and Training Institute, Ministry of Justice Jan 2019 Retired from public prosecutor service Mar 2019 Outside Director, bitFlyer, Inc. Jun 2019 Outside Director, AEON Financial Service Co., Ltd. (current) Nov 2019 Registered as attorney-at-law (Daiichi Tokyo Bar Association); opened Aoyama TS Law Office (current) Mar 2022 Outside Director, POWER X Co., Ltd. (current) Jun 2023 Outside Director (Audit and Supervisory Committee Member), Riken Corporation Oct 2023 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1956-10-02
Takahiro ONO
Director (Audit and Supervisory Committee Member)
Apr 1990 Joined Asahi Mutual Life Insurance Company Apr 2018 General Manager, Corporate Planning Department, Asahi Mutual Life Insurance Company Apr 2020 Executive Officer, in charge of Accounting, Finance and Real Estate, Asahi Mutual Life Insurance Company Apr 2021 Executive Officer, in charge of Accounting, Fixed Income Investment and Finance Investment, Asahi Mutual Life Insurance Company Jul 2023 Director and Executive Officer, in charge of Accounting, Fixed Income Investment and Finance Investment, Asahi Mutual Life Insurance Company Apr 2024 Director and Managing Executive Officer, in charge of Corporate Planning, Research & PR and Overseas Business, Asahi Mutual Life Insurance Company Apr 2025 Director and Managing Executive Officer, in charge of Corporate Planning and Overseas Business, Asahi Mutual Life Insurance Company (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1968-03-03
Yasuko MATSUMOTO
Director (Audit and Supervisory Committee Member)
Apr 1986 Joined NEC Corporation Jul 2018 Joined Alhi, Inc. (now SBI Alhi, Inc.) Jan 2021 Managing Executive Officer, CFO, Alhi, Inc. Apr 2022 Director and Vice President, CFO, Alhi, Inc. Jul 2023 Executive Officer, Corporate SVP and Head of Group Internal Audit Division, NEC Corporation (current) Jun 2026 Outside Director (Audit and Supervisory Committee Member), the Company
1964-02-02
Large Shareholding Reports
Mitsubishi UFJ Trust and Banking Corporation
2026-05-08
3.28%→2.60%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
1.88%→1.86%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-08
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-21
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
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