Overview
Machinery

ENSHU Limited

ENSHU Limited is a Japanese manufacturer engaged in two core businesses: the development and sale of machine tools (machining centers and related equipment), and contract machining of engine and drivetrain components for two-wheel and four-wheel vehicles, primarily for Yamaha Motor Co., Ltd. The company operates globally through consolidated subsidiaries in the USA, Thailand, Indonesia, China, Vietnam, and India, with manufacturing and sales support functions distributed across these regions. Additional services include system integration through ENSHU Connected Co., Ltd. and real estate leasing.

Market Cap
¥4.16B
US$26.5M
EV
¥9.42B
US$60.0M
Stock¥660▼-0.30%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
6.2
x
LTM EV/EBIT
17.8
x
LTM PER
18.5
x
LTM PBR
0.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+7.5%pt
1001
Oct 23, 25 – Oct 23, 26StockTOPIX
1Mar 9, 26Market-wide: TOPIX -3.8% decline impact
MC → EV Bridge
4.16BUS$26.5MMarket Cap8.98BUS$57.2M+ Debt3.70BUS$23.6M− Cash0.01BUS$0.09M− Inv. Sec.9.42BUS$60.0MEV
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Performance & Balance
Revenue 5Y (¥B)
23.9US$152M'22/324.8US$158M'23/324.1US$153M'24/321.9US$139M'25/319.2US$122M'26/3
EBITDA 5Y (¥B)
1.88US$12.0M'22/31.27US$8.05M'23/31.82US$11.6M'24/30.53US$3.36M'25/31.37US$8.72M'26/3
Net Income 5Y (¥B)
0.37US$2.36M'22/3-0.10-US$0.66M'23/30.22US$1.41M'24/3-2.26-US$14.4M'25/30.24US$1.50M'26/3
Capital Structure
54%
46%
EquityD/E 0.84xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
6.67US$42.5M11.7US$74.3M'22/34.70US$29.9M11.3US$72.1M'23/34.41US$28.1M11.0US$70.0M'24/34.45US$28.4M10.7US$68.2M'25/35.19US$33.1M11.8US$74.9M'26/3
Shareholders
Top 10 hold 48.8%
1
ENSHU Limited Business Partners' Stock Ownership Association
19.73%
2
Yamaha Motor Co.,Ltd.
10.24%
3
Katsuyuki IKEURA
3.64%
4
HAMAMATSU PHOTONICS K.K.
3.17%
5
Mizuho Bank, Ltd.
2.49%
6
ENSHU Limited Employee Stock Ownership Association
2.35%
7
Mizuho Trust & Banking Co., Ltd.
2.30%
8
Resona Bank, Limited
2.24%
9
Sompo Japan Insurance Inc.
1.34%
10
SBI SECURITIES Co., Ltd.
1.27%
Management
8 officers
Hirokazu KATSUKURA
Representative Director, Chairman, Executive Officer, CEO
Apr 1983 Joined The Industrial Bank of Japan, Ltd. Jan 2009 Deputy General Manager, Sales Department No. 7, Mizuho Corporate Bank, Ltd. Dec 2010 Manager, Audit & Supervisory Office, Mizuho Financial Group, Inc. Feb 2013 Seconded to Enshu Limited as Manager, Corporate Planning Office, Administration Division (Riji) Aug 2013 General Manager, Corporate Planning & Finance Department, Administration Division (Riji) Jun 2014 Joined Enshu Limited; Director, General Manager, Administration Division Apr 2016 Director, Managing Executive Officer, General Manager, Administration Division Apr 2017 Representative Director, Executive Vice President, Executive Officer, General Manager, Administration Division Dec 2020 Representative Director, Chairman, Executive Officer, General Manager, Administration Division Apr 2023 Representative Director, Chairman, Executive Officer, CEO (current)
1960-10-29
Atsushi SUZUKI
Director, Executive Officer
Apr 1986 Joined Enshu Limited Apr 2007 President, ENSHU GmbH Apr 2008 General Manager, Sales Administration Department, Machine Tool Business Division Apr 2009 Chief, Sales Department, Machine Tool Business Division Oct 2011 Chief, Sales Department, Machine Tool Business Division; General Manager, Global Promotion Office Apr 2012 General Manager, Sales Department, Machine Tool Business Division Jun 2012 Director, General Manager, Sales Department, Machine Tool Business Division Apr 2013 Director, Deputy General Manager, Machine Tool Business Division Dec 2014 Director, Deputy General Manager, Machine Tool & Laser Business Division Apr 2016 Director, Senior Executive Officer, General Manager, Machine Tool & Laser Business Division Jun 2016 Senior Executive Officer, General Manager, Machine Tool & Laser Business Division Apr 2018 Managing Executive Officer, General Manager, Machine Tool & Laser Business Division Dec 2020 Executive Vice President, Executive Officer, General Manager, Machine Tool & Laser Business Division Apr 2021 Executive Vice President, Executive Officer, General Manager, Sales & Development Division Jun 2021 Director, Executive Vice President, Executive Officer, General Manager, Sales & Development Division Apr 2023 Representative Director, President, Executive Officer, COO Apr 2024 Representative Director, President, Executive Officer, COO, General Manager, Sales Division Apr 2025 Representative Director, President, Executive Officer, COO, General Manager, Sales & Development Division Apr 2026 Representative Director, President, Executive Officer, COO, General Manager, Machine Tool Business Division Jun 2026 Director, Executive Officer, General Manager, Machine Tool Business Division (current)
1961-09-16
Shigekatsu TASHIRO
Director, Executive Officer
Apr 1993 Joined Enshu Limited Apr 2015 Deputy General Manager, Production Technology Department, Transportation Equipment Business Division Apr 2016 General Manager, Production Technology Department, Transportation Equipment Business Division Apr 2019 Riji, Production Technology Department, Transportation Equipment Business Division Apr 2021 Executive Officer, General Manager, Technology Department, Technology & Manufacturing Division Apr 2022 Executive Officer, General Manager, Production Control Department, Technology & Manufacturing Division Apr 2023 Managing Executive Officer, General Manager, Technology & Manufacturing Division Oct 2024 Executive Vice President, Executive Officer, General Manager, Technology & Manufacturing Division Jun 2025 Director, Executive Vice President, Executive Officer, General Manager, Technology & Manufacturing Division Apr 2026 Director, Executive Vice President, Executive Officer, General Manager, Parts Processing Business Division Jun 2026 Director, Executive Officer, General Manager, Parts Processing Business Division (current)
1968-08-29
Tomohiko MATSUYAMA
Representative Director, President, Executive Officer, COO
Apr 1986 Joined Yamaha Motor Co., Ltd. Jan 2010 Manager, MC Assembly Plant, BD Manufacturing Division, Production Headquarters, Yamaha Motor Co., Ltd. Jan 2013 General Manager, Production Strategy Division, Production Headquarters, Yamaha Motor Co., Ltd. Jan 2015 General Manager, RV Business Department, Vehicle & Solution Business Headquarters, Yamaha Motor Co., Ltd. Mar 2015 Executive Officer, Yamaha Motor Co., Ltd. Jan 2018 General Manager, Production Headquarters, Yamaha Motor Co., Ltd. Mar 2019 Senior Executive Officer, Yamaha Motor Co., Ltd. Mar 2022 Director, Yamaha Motor Co., Ltd. Apr 2026 Sanyo (Advisor), Enshu Limited Jun 2026 Representative Director, President, Executive Officer, COO (current)
1963-08-11
Katsuhito YAMACHI
Director
Apr 1982 Joined Yamaha Motor Co., Ltd. Apr 2003 Director, Yamaha Motor da Amazonia Ltda. Jul 2009 General Manager, Production Engineering Division, Technology Headquarters, Yamaha Motor Co., Ltd. Nov 2010 General Manager, EG Manufacturing Division, Production Headquarters, Yamaha Motor Co., Ltd. Mar 2012 Executive Officer, Yamaha Motor Co., Ltd. Jan 2014 General Manager, Production Headquarters, Yamaha Motor Co., Ltd. Mar 2015 Senior Executive Officer, Yamaha Motor Co., Ltd. Jan 2017 General Manager, Production Headquarters; in charge of Procurement Headquarters, Yamaha Motor Co., Ltd. Mar 2017 Director, Senior Executive Officer, Yamaha Motor Co., Ltd. Mar 2019 Director, Managing Executive Officer, Yamaha Motor Co., Ltd. Apr 2022 Advisor, Yamaha Motor Co., Ltd. Jun 2023 Outside Director, Nippon Sanso Holdings Corporation (current) Jun 2024 Director, Enshu Limited (current)
1958-11-28
Yasushi MURAMATSU
Full-time Audit and Supervisory Committee Member (Director)
Apr 1994 Joined Asahi Bank, Ltd. Oct 2015 Branch Manager, Myogadani Branch, Resona Bank, Ltd. Jan 2018 Resona Bank, Ltd., International Business Division Apr 2018 Senior Manager, Sales Department No. 2, Kyoto Branch, Resona Bank, Ltd. Apr 2021 Branch Manager, Kanda Branch, Resona Bank, Ltd. May 2024 Seconded to Enshu Limited as Riji Jun 2024 Joined Enshu Limited; Director, Audit and Supervisory Committee Member (current)
1970-08-16
Naomi MURAMATSU
Director, Audit and Supervisory Committee Member
Oct 2002 Registered with Shizuoka Bar Association Oct 2002 Joined Ishizuka & Muramatsu Law Office (current) Jun 2022 Director, Audit and Supervisory Committee Member, Enshu Limited (current) Jun 2023 Outside Director, Kawai Musical Instruments Manufacturing Co., Ltd. (current) Apr 2025 President, Shizuoka Bar Association Jun 2026 Outside Audit & Supervisory Board Member, Suzuki Motor Corporation (current)
1972-07-20
Takayuki OISHI
Director, Audit and Supervisory Committee Member
Apr 1992 Joined Hamamatsu Photonics K.K. Oct 2017 Group Leader, Legal Group, Hamamatsu Photonics K.K. Apr 2023 General Manager, Legal & Compliance Department, Hamamatsu Photonics K.K. (current) Jun 2026 Director, Audit and Supervisory Committee Member, Enshu Limited (current)
1968-05-13
Large Shareholding Reports
Enshu Business Partners Shareholding Association, Chairman: Katsuyuki IKEURA
2026-09-09
19.79%→20.81%
Enshu Business Partners Shareholding Association, Chairman: Katsuyuki IKEURA
2026-03-10
18.69%→19.79%
Enshu Business Partners Shareholding Association, Chairman: Katsuyuki IKEURA
2025-08-08
17.60%→18.69%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-09
Large Shareholding Report
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-26
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-03-10
Large Shareholding Report
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-08-08
Large Shareholding Report
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2025-06-20
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
TDnet
2025-02-13
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
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-09
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-15
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-15
Quarterly Securities Report
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