Overview
Machinery

IWAKI CO.,LTD.

Iwaki develops, manufactures, and sells chemical pumps and fluid control equipment used for the safe transfer of chemical liquids across a wide range of industries, including semiconductors, LCD, water treatment, food processing, chemicals, surface treatment, papermaking, and new energy. The company offers over 60 product series encompassing magnetic pumps, metering pumps, air-driven pumps, rotary positive displacement pumps, and related controllers and measurement instruments. Key competitive strengths include a leak-free, corrosion-resistant design philosophy, a high-mix low-volume production capability of approximately 800,000 units per year, and a global sales and service network spanning 15 countries.

Market Cap
¥85.5B
US$545M
EV
¥77.4B
US$493M
Stock¥3,855▼-0.52%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
10.2
x
LTM EV/EBIT
12.3
x
LTM PER
16.3
x
LTM PBR
2.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+24.9%pt
1001234
Oct 23, 25 – Oct 23, 26StockTOPIX
1Jun 26, 26Dalton Investments, Inc. changed stake (5.6%→6.62%)
2Aug 10, 26Q1 FY2027/03 earnings announced
3Aug 17, 26Dalton Investments, Inc. changed stake (6.62%→4.96%)
4Oct 13, 26Dalton Investments, Inc. filed large shareholding report
MC → EV Bridge
85.5BUS$545MMarket Cap3.72BUS$23.7M+ Debt9.80BUS$62.4M− Cash2.18BUS$13.9M− Inv. Sec.0.14BUS$0.87M+ NCI77.4BUS$493MEV
AI Briefing
Iwaki makes leak-free chemical pumps and fluid control gear for semiconductors, water treatment, food and new energy, across 15 countries. FY26/3 revenue ¥47.7B with OP margin steady around 12.4%, continuing multi-year growth and margin expansion from FY23/3's 6.5%. Founder-family and affiliated holders control over 28% combined; no tender offer in play, so the stock trades on steady industrial demand and niche pump technology moat.
Performance & Balance
Revenue 5Y (¥B)
32.4US$207M'22/337.7US$240M'23/344.5US$284M'24/345.8US$291M'25/347.7US$304M'26/3
EBITDA 5Y (¥B)
2.90US$18.5M'22/33.57US$22.7M'23/36.89US$43.9M'24/37.09US$45.2M'25/37.19US$45.8M'26/3
Net Income 5Y (¥B)
2.40US$15.3M'22/34.40US$28.0M'23/34.46US$28.4M'24/34.47US$28.4M'25/34.84US$30.8M'26/3
Capital Structure
92%
EquityD/E 0.09xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
10.9US$69.4M2.08US$13.3M'22/310.3US$65.7M2.73US$17.4M'23/39.46US$60.2M2.72US$17.3M'24/311.0US$69.8M2.76US$17.6M'25/312.7US$80.7M4.06US$25.8M'26/3
Shareholders
Top 10 hold 63.1%
1
CHARON FINANCE GMBH (Standing Proxy: MUFG Bank, Ltd.)
14.83%
2
Fujinaka Holdings Co., Ltd.
12.17%
3
Shigeru FUJINAKA
8.37%
4
Rumi FUJINAKA
7.78%
5
The Master Trust Bank of Japan, Ltd.
6.71%
6
Iwaki Sangyo Co., Ltd.
3.86%
7
Yuko FUJINAKA
3.12%
8
CACEIS BANK, LUXEMBOURG BRANCH/AIF CLIENTS ASSETS (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited)
2.54%
9
IWAKI CO., LTD. Employee Stock Ownership Association
1.97%
10
Hideko FUJINAKA
1.79%
Management
8 officers
Shigeru FUJINAKA
Representative Director, President
Apr 1989 Joined the Company Jan 2006 General Manager, Planning and Promotion Department, Technology Division May 2006 Director, General Manager, Management Planning Office Feb 2007 Managing Director, General Manager, Management Planning Office Feb 2008 Senior Managing Director Feb 2009 Representative Director, President (current) Jun 2015 In charge of Security Export Control Office and Internal Audit Office (current) Jun 2019 In charge of Quality Assurance Division (current) Jun 2020 In charge of Management Administration (current)
1964-12-20
Hideki UCHIDA
Senior Managing Director
Apr 1981 Joined the Company Jan 2009 Executive Officer, Deputy General Manager, Domestic Sales Division Jun 2010 Director, General Manager, Product Planning Division Jun 2011 Director, General Manager, Domestic Sales Division Jun 2015 Managing Director Jun 2018 In charge of Sales Administration, Domestic Sales Division and Maintenance Division (current) Jun 2019 In charge of Overseas Sales Division and Sales Administration Department (current) Jun 2020 Senior Managing Director, in charge of Business Administration (current) Apr 2021 In charge of Technoecho Division (current) Apr 2022 In charge of Overseas Business Office (current)
1956-10-21
Toshihiro KAYAHARA
Director
Apr 1974 Joined Miura Co., Ltd. Jun 1991 Director, Technical Department, the same company Apr 1994 Representative Director, President, Miura Research Institute Co., Ltd. Jun 1995 Managing Director, General Manager, Techno Business Division, the same company Jun 1998 Managing Director, General Manager, Boiler Business Division, the same company Jun 2003 Managing Director, General Manager, Technology Development Division, the same company Oct 2009 Technical Advisor, Faculty of Engineering, Ehime University Apr 2010 Part-time Lecturer, Faculty of Engineering, Okayama University of Science Jun 2011 Outside Director of the Company (current)
1948-12-14
Takako TOMIYASU
Director
Mar 1988 Joined Nihon Enviro Kogyo Co., Ltd., assigned to Oyama Center, Tokyo Branch Apr 2010 Section Manager, the same company Apr 2013 Acting Department Manager and Director of Oyama Center, the same company Apr 2014 General Manager, Sales Planning Division and Eastern Regional Division, the same company May 2015 Director, the same company Apr 2020 General Manager, Sales Division and Sales Planning Division, the same company Jun 2024 Outside Director of the Company (current)
1969-04-28
Takashi KOJIMA
Full-time Audit & Supervisory Board Member
Apr 1982 Joined the Company Apr 2011 Deputy General Manager, Sales Operations Department Apr 2012 General Manager, Sales Operations Department Apr 2019 Senior Manager in charge of Business Management, Business Management Section, Sales Operations Department Jun 2019 Audit & Supervisory Board Member of the Company (current)
1959-01-08
Ichiro MIYAKE
Full-time Audit & Supervisory Board Member
Apr 1980 Joined Hitachi Cable, Ltd. Jun 1992 Assigned to Overseas Business Division, the same company Mar 2001 General Manager, Second Export Department, Overseas Business Division, the same company Apr 2008 Seconded to Japan Cable Makers' Association as General Manager, General Affairs Department Jan 2012 Chief Manager in charge of Business Division and Deputy Manager, Export Control Office, Hitachi Cable, Ltd. Jan 2013 Resigned from Hitachi Cable, Ltd. Feb 2013 Joined the Company Apr 2013 General Manager, Security Export Control Office Jun 2016 Audit & Supervisory Board Member of the Company (current)
1956-01-26
Masahiro NAGASAWA
Audit & Supervisory Board Member
Apr 1979 Joined Araki Tax and Accounting Office Oct 1981 Joined Price Waterhouse Certified Public Accountant Office (now PwC Japan LLC) Apr 1984 Joined Shinwa Auditing Corporation (now Ernst & Young ShinNihon LLC) Mar 1985 Registered as Certified Public Accountant Sep 1989 Joined Ernst & Young, San Francisco Office Aug 2002 Senior Partner, Asahi Audit Corporation (now Ernst & Young ShinNihon LLC) Jul 2012 Representative, Nagasawa Certified Public Accountant Office (current) Jun 2013 Outside Audit & Supervisory Board Member of the Company (current) May 2014 Outside Audit & Supervisory Board Member, Tokyo Kobetsu Shido Gakuin Co., Ltd. Dec 2014 Outside Audit & Supervisory Board Member, Hinokiya Holdings Co., Ltd. (now Hinokiya Group Co., Ltd.) Feb 2025 Outside Audit & Supervisory Board Member, LE.O.VE Co., Ltd. (current) Sep 2025 Senior Partner, FAMZ Tax Accountants Corporation (current)
1954-04-01
Yoshinori HOSOYA
Audit & Supervisory Board Member
Apr 1971 Registered as Attorney-at-Law Apr 1971 Joined Ishii Law Office Sep 1975 Joined Graham & James, San Francisco, U.S.A. Sep 1976 Joined Konaka, Toyama & Hosoya Law Office Jan 2002 Partner, Jones Day Showa Law Office Jan 2004 Representative, Keiwa Sogo Law Office (current) Jun 2009 Outside Audit & Supervisory Board Member, Nippon Suisan Kaisha, Ltd. Jun 2019 Outside Audit & Supervisory Board Member of the Company (current)
1945-04-09
Large Shareholding Reports
Dalton Investments, Inc.
2026-10-13
5.02%
Dalton Investments, Inc.
2026-08-17
6.62%→4.96%
Charon Finance GmbH
2026-08-05
15.92%→16.96%
Charon Finance GmbH
2026-07-21
14.70%→15.92%
Charon Finance GmbH
2026-07-01
13.65%→14.70%
Dalton Investments, Inc.
2026-06-26
5.60%→6.62%
Charon Finance GmbH
2025-10-06
12.65%→13.65%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-13
Large Shareholding Report
EDINET
2026-08-17
Large Shareholding Report
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-08-05
Large Shareholding Report
EDINET
2026-07-21
Large Shareholding Report
EDINET
2026-07-01
Large Shareholding Report
EDINET
2026-06-26
Large Shareholding Report
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
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
2025-10-06
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
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
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 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
2023-06-30
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINETAmended
2022-11-28
Amended Quarterly Securities Report
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-30
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-06-30
Annual Securities Report
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