Overview
Machinery

AIRTECH JAPAN,LTD.

Nippon Air Tech is Japan's only dedicated clean air system manufacturer, designing, manufacturing, and selling a comprehensive range of clean air equipment including clean rooms, air showers, clean benches, safety cabinets, and biological clean equipment. The company primarily serves the semiconductor, electronics, and biological/pharmaceutical sectors, with additional applications in food processing and medical fields. Its competitive strengths include a broad product lineup, strong custom-order capabilities, a two-year domestic warranty, and global reach supported by a technology licensing partnership with a Chinese affiliate.

Market Cap
¥12.7B
US$81.0M
EV
¥11.9B
US$75.6M
Stock¥1,269▼-1.09%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
10.2
x
LTM EV/EBIT
13.1
x
LTM PER
12.2
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-21.1%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 17, 26Quarterly earnings profit-taking
MC → EV Bridge
12.7BUS$81.0MMarket Cap1.47BUS$9.36M+ Debt1.80BUS$11.5M− Cash0.52BUS$3.30M− Inv. Sec.11.9BUS$75.6MEV
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Performance & Balance
Revenue 5Y (¥B)
14.3US$91.1M'21/1213.2US$84.0M'22/1213.6US$87.0M'23/1213.5US$86.2M'24/1214.2US$90.2M'25/12
EBITDA 5Y (¥B)
2.13US$13.6M'21/121.26US$8.05M'22/120.90US$5.71M'23/121.31US$8.35M'24/121.43US$9.10M'25/12
Net Income 5Y (¥B)
1.58US$10.1M'21/121.02US$6.49M'22/120.73US$4.66M'23/121.14US$7.25M'24/121.13US$7.21M'25/12
Capital Structure
91%
EquityD/E 0.10xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
7.91US$50.4M0.77US$4.94M'21/126.67US$42.5M0.66US$4.21M'22/125.90US$37.6M0.54US$3.45M'23/123.27US$20.8M0.54US$3.47M'24/124.22US$26.9M1.57US$9.99M'25/12
Shareholders
Top 10 hold 47.7%
1
Air Tech Assist Co., Ltd.
15.91%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
10.26%
3
SBI SECURITIES Co., Ltd.
4.50%
4
Heiwa Corporation
3.49%
5
MURAKAMI TAKATERU (Standing Proxy: Mita Securities Co., Ltd.)
3.16%
6
Yoshiyo KONDO
2.71%
7
AIRTECH JAPAN,LTD. Employee Stock Ownership Association
2.62%
8
Custody Bank of Japan, Ltd. (Trust Account)
1.80%
9
Cambridge Filter Corporation Co., Ltd.
1.74%
10
Taiji IWASAKI
1.48%
Management
8 officers
Shinya HIRASAWA
Representative Director, President
Apr 1994 Joined the Company Jan 1999 General Manager, Design Department, the Company Jan 2001 General Manager, Design Division, the Company Mar 2003 Director, the Company Mar 2007 President, the Company Mar 2008 Representative Director, President, the Company (current)
1972-03-29
Kenji TAKAGI
Director, General Manager, Business Planning Division
Apr 2003 Joined the Company Jan 2012 General Manager, No. 4 Design Department, the Company Sep 2013 General Manager, Isolator Department, the Company Jan 2014 General Manager, East Japan Sales Division, the Company Jan 2021 Deputy General Manager, Sales Division; General Manager, East Japan Sales Division; General Manager, Sales Planning Department, the Company Mar 2021 Director, the Company (current); General Manager, Sales Division; General Manager, East Japan Sales Division; General Manager, Sales Planning Department Nov 2021 General Manager, Sales Division, the Company Apr 2023 General Manager, Business Planning Division, the Company (current)
1975-02-15
Taizo SHOJI
Director, General Manager, Production Division, Plant Manager, Kusaka Plant, and Plant Manager, Koshigaya Plant
Apr 1996 Joined the Company Jul 2011 General Manager, No. 1 Design Department, the Company Jan 2020 Deputy General Manager, No. 1 Design Division, the Company Jan 2021 General Manager, No. 1 Design Division, the Company Jan 2022 Deputy General Manager, Production Division, the Company Mar 2022 Director, the Company (current); General Manager, Production Division (current); Plant Manager, Kusaka Plant (current) Jan 2025 Plant Manager, Koshigaya Plant, the Company (current)
1972-10-24
Masayuki KITANO
Director, General Manager, Design Division and Design Headquarters
Apr 1996 Joined the Company Jan 2009 General Manager, No. 2 Design Department, the Company Jan 2020 General Manager, No. 2 Design Division; General Manager, R&D Department, the Company Apr 2023 General Manager, Design Division, the Company Jan 2024 General Manager, Design Division, the Company (current) Mar 2025 Director, the Company (current) Jan 2026 General Manager, Design Division, the Company (current)
1971-05-06
Toichiro MAEKAWA
Director (Note 1)
Apr 1981 Joined Kokusai Kogyo Co., Ltd. Oct 2007 President and Representative Director, Kokusai Kogyo Co., Ltd. Mar 2008 President and Representative Director, Kokusai Kankyo Solutions Co., Ltd. Jun 2009 President and Representative Director, Miyazaki Solar Way Co., Ltd. Jul 2009 Director, GEOSOL Beteiligungsgesellschaft mbH Apr 2015 Advisor, Kokusai Kogyo Co., Ltd. (current) May 2017 Director, Nonprofit Organization Society of Environmental Management Studies (current) Mar 2022 Audit and Supervisory Committee Member, Outside Director, the Company Mar 2023 Outside Director, the Company (current)
1956-11-23
Kenji SEKINE
Audit and Supervisory Committee Member (Note 2)
Apr 1983 Joined the Company Jan 1998 General Manager, Gunma Plant, the Company Jan 1999 Deputy Plant Manager, Gunma Plant, the Company Jan 2001 Plant Manager, Gunma Plant, the Company Jan 2015 Deputy General Manager, Production Division; Plant Manager, Gunma Plant, the Company Mar 2017 Director, the Company Jun 2018 General Manager, Production Division; Plant Manager, Kusaka Plant; Plant Manager, Gunma Plant, the Company Jan 2019 General Manager, Production Division, the Company Mar 2022 Deputy General Manager, Production Division, the Company Mar 2023 Audit and Supervisory Committee Member, Director, the Company (current)
1960-01-08
Junji YAMASAKI
Audit and Supervisory Committee Member, Outside Director (Note 1, 2)
Apr 1987 Assistant, Department of Resources Engineering, School of Science and Engineering, Waseda University Apr 1991 Lecturer, Department of Resources Engineering, School of Science and Engineering, Waseda University Apr 1993 Associate Professor, Department of Resources Engineering, School of Science and Engineering, Waseda University Apr 1998 Professor, Department of Environment and Resources Engineering, School of Creative Science and Engineering, Waseda University (current) Mar 2015 Outside Audit & Supervisory Board Member, the Company Mar 2020 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1958-03-18
Mitsuko TAKAHASHI
Audit and Supervisory Committee Member, Outside Director (Note 1, 2)
Oct 1989 Joined Sanwa Tohmatsu Aoki Audit Corporation (currently Deloitte Touche Tohmatsu LLC) Mar 1998 Opened Mitsuko Takahashi Certified Public Accountant Office Nov 2001 Opened Mitsuko Takahashi Certified Public Accountant and Tax Accountant Office (current) Mar 2023 Audit and Supervisory Committee Member, Outside Director, the Company (current) Jun 2024 Outside Audit & Supervisory Board Member, Creo Co., Ltd. (current) Jun 2025 Outside Audit & Supervisory Board Member, Aflac Life Insurance Japan Ltd. (current)
1967-03-29
Large Shareholding Reports
Airtech Assist Co., Ltd.
2026-07-17
15.11%→15.11%
Annual report (as of 2026-06-30): 15.91%
Yoshiyo KONDO
2026-07-09
2.58%→2.61%
Annual report (as of 2026-06-30): 2.71%
Yoshiyo KONDO
2026-06-18
2.58%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-06-30): 2.71%
Yoshiyo KONDO
2026-05-22
2.58%
Annual report (as of 2026-06-30): 2.71%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-12
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-12
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
EDINET
2026-07-17
Large Shareholding Report
EDINET
2026-07-09
Large Shareholding Report
EDINETAmended
2026-06-18
Change Report
EDINET
2026-05-22
Large Shareholding Report
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-27
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-14
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINETAmended
2025-04-03
Amended Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2025-03-27
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-14
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
2023-08-14
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
EDINETAmended
2022-04-04
Amended Annual Securities Report
EDINET
2022-03-29
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-29
Annual Securities Report
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