Overview
Machinery

ISEKI & CO.,LTD.

ISEKI & Co., Ltd. is a specialized agricultural machinery manufacturer engaged in the development, manufacturing, and sales of machinery for rice cultivation, vegetable farming, and related agricultural operations. Its product lineup includes tractors, rice transplanters, combines, grain processing machines (e.g., rice hullers), smart agricultural equipment, and lawn mowers, serving both domestic and international markets. The company differentiates itself through integrated smart farming solutions, a nationwide sales network in Japan, and a growing presence in European and Southeast Asian markets.

Market Cap
¥37.1B
US$236M
EV
¥87.3B
US$556M
Stock¥1,640▼-1.44%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
8.1
x
LTM EV/EBIT
15.1
x
LTM PER
14.3
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-49.3%pt
1001234
Oct 23, 25 – Oct 23, 26StockTOPIX
1Oct 23, 25Profit-taking before Q3 earnings
2Oct 30, 25Rise after Q3 earnings announcement
3Nov 14, 25Post Q2 earnings decline
4Aug 10, 26Q2 FY2026/12 earnings announced
MC → EV Bridge
37.1BUS$236MMarket Cap69.6BUS$443M+ Debt7.13BUS$45.4M− Cash17.2BUS$110M− Inv. Sec.4.96BUS$31.6M+ NCI87.3BUS$556MEV
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Performance & Balance
Revenue 5Y (¥B)
158US$1.01B'21/12167US$1.06B'22/12170US$1.08B'23/12168US$1.07B'24/12186US$1.18B'25/12
EBITDA 5Y (¥B)
10.7US$68.2M'21/129.64US$61.4M'22/127.88US$50.1M'23/127.35US$46.8M'24/129.43US$60.0M'25/12
Net Income 5Y (¥B)
3.20US$20.4M'21/124.12US$26.2M'22/120.03US$0.18M'23/12-3.02-US$19.2M'24/122.76US$17.6M'25/12
Capital Structure
53%
47%
EquityD/E 0.89xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
19.9US$127M62.2US$396M'21/1216.4US$105M68.2US$434M'22/1217.0US$108M76.9US$490M'23/1218.1US$115M75.5US$481M'24/1226.1US$166M62.2US$396M'25/12
Shareholders
Top 10 hold 38.3%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.59%
2
Custody Bank of Japan, Ltd. (Trust Account)
4.86%
3
Mizuho Bank, Ltd.
4.68%
4
Iseki Shareholding Association
4.49%
5
The Norinchukin Bank
3.80%
6
Sumitomo Mitsui Trust Bank, Limited
3.50%
7
Employee Stock Ownership Association
3.28%
8
The Iyo Bank, Ltd.
2.54%
9
Sompo Japan Insurance Inc.
1.90%
10
STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Mizuho Bank, Ltd.)
1.62%
Management
12 officers
Shiro TOMIYASU
Representative Director, Chairman and Executive Officer
Apr 1980 Joined The Dai-Ichi Kangyo Bank, Ltd. Apr 2011 Managing Executive Officer, Mizuho Bank, Ltd. Jun 2015 Advisor, Chuo Fudosan Co., Ltd. Jan 2016 Advisor, the Company Mar 2016 Director, Senior Managing Executive Officer; assisting the President; in charge of Corporate Planning, IR and Public Relations, Human Resources, and Finance Jan 2017 Director, Executive Vice President and Executive Officer; in charge of Corporate Planning and IR and Public Relations Mar 2019 Representative Director, President and Executive Officer Mar 2026 Assumed office as Representative Director, Chairman and Executive Officer
1958-02-06
Hajime ODAGIRI
Representative Director, President and Executive Officer, Leader of "Project Z"
Apr 1987 Joined Iseki & Co., Ltd. Nov 2008 General Manager, Vegetable Technology Department, the Company Dec 2010 General Manager, Agricultural Implement Business Division, the Company Jun 2014 General Manager, Sales Branch, Iseki (Changzhou) Co., Ltd. Jan 2016 Executive Officer; Deputy General Manager, Sales Division, the Company Mar 2016 Representative Director, President, Iseki Hokkaido Co., Ltd. Jul 2018 Director and General Manager, Dongfeng Iseki Agricultural Machinery Co., Ltd. Jan 2019 Managing Executive Officer, the Company Jan 2020 General Manager, Development and Manufacturing Division, the Company Mar 2020 Director and Managing Executive Officer, the Company Mar 2022 Representative Director and Senior Managing Executive Officer, the Company Nov 2023 Leader of "Project Z" (current) Mar 2026 Assumed office as Representative Director, President and Executive Officer
1963-01-06
Shuichi KANNO
Director, Managing Executive Officer in charge of Human Resources, IT Planning and Secretarial Office
Apr 1985 Joined Iseki & Co., Ltd. Apr 2008 General Manager, General Affairs Planning Department, the Company Dec 2011 General Manager, IR and Public Relations Office, the Company Oct 2013 General Manager, Human Resources Department, the Company Jun 2015 Director and Executive Officer in charge of Human Resources and Compliance, the Company Mar 2016 In charge of General Affairs Planning, the Company Dec 2018 In charge of IT Planning Promotion, the Company Jan 2022 In charge of Finance, IT Planning and Operational Efficiency, the Company Aug 2022 In charge of Finance and IT Planning, the Company Jan 2023 Director and Managing Executive Officer (current) Mar 2025 In charge of Human Resources and IT Planning, the Company Jun 2025 In charge of Human Resources, IT Planning and Secretarial Office (current)
1962-10-14
Kazuya TANI
Director, Managing Executive Officer in charge of Corporate Planning, IR and Public Relations, and Finance
Apr 1992 Joined Iseki & Co., Ltd. Apr 2009 Representative Director, President, Europe Iseki Co. Jan 2015 Representative Director, President, Iseki France Co., Ltd. Oct 2017 General Manager, Overseas Sales Division and General Manager, European Sales Department, the Company Jan 2020 Executive Officer and General Manager, Overseas Sales Division, the Company Mar 2020 Director and Executive Officer, the Company Jan 2024 Director and Managing Executive Officer (current) Mar 2025 In charge of Corporate Planning, IR and Public Relations, and Finance (current)
1969-03-14
Koji FUJITA
Full-time Audit & Supervisory Board Member
Apr 1986 Joined The Iyo Bank, Ltd. Aug 2014 General Manager, Funds and Securities Department, The Iyo Bank, Ltd. Jun 2016 Executive Officer and General Manager, Funds and Securities Department, The Iyo Bank, Ltd. Jun 2017 Executive Officer, General Manager, Tokyo Branch and General Manager, Market Sales Office, The Iyo Bank, Ltd. Jun 2019 Managing Executive Officer, Head of Imabari Group and General Manager, Imabari Branch, The Iyo Bank, Ltd. Oct 2022 Senior Managing Executive Officer, Head of Imabari Group, General Manager, Imabari Branch, Nakahama Branch and Chikami Branch, The Iyo Bank, Ltd. Mar 2023 Full-time Audit & Supervisory Board Member, the Company (current)
1963-04-11
Kentaro MORIMOTO
Full-time Audit & Supervisory Board Member
Apr 1994 Joined The Norinchukin Bank Jul 2013 Chief Manager, Investment and Financing Planning Department, The Norinchukin Bank Jul 2015 Deputy General Manager, Sales Division No. 4, The Norinchukin Bank Apr 2019 Seconded to Agri Business Investment & Development Co., Ltd. Apr 2021 Chief Auditor, Osaka Branch, The Norinchukin Bank Mar 2024 Full-time Audit & Supervisory Board Member, the Company (current)
1970-04-21
Kazuma TAKAHASHI
Full-time Audit & Supervisory Board Member
Apr 1987 Joined Iseki & Co., Ltd. Jun 2011 General Manager, Finance Department, the Company Jan 2016 Executive Officer, the Company Mar 2016 General Manager, Corporate Planning Department, the Company Jan 2017 Deputy in charge of Finance, the Company Jan 2019 Deputy in charge of Corporate Planning, the Company Apr 2019 Assistant to the General Manager, Development and Manufacturing Division, the Company Sep 2020 Executive in charge, Development and Manufacturing Division, the Company Jan 2022 Deputy General Manager, Development and Manufacturing Division, and Deputy in charge of Corporate Planning, the Company Nov 2023 Deputy Leader of "Project Z", the Company Jan 2025 Executive (Riji), the Company Mar 2025 Full-time Audit & Supervisory Board Member, the Company (current)
1964-01-28
Jun IWASAKI
Director
Nov 1990 Joined Century Audit Corporation Mar 1991 Registered as Certified Public Accountant Mar 1997 Registered as Real Estate Appraiser Aug 2005 Left Shin Nihon & Co. Sep 2005 Head, Iwasaki Certified Public Accountant Office (current) Jun 2013 Director, the Company (current) Jun 2015 Outside Audit & Supervisory Board Member, NH Foods Ltd. Jun 2016 Outside Audit & Supervisory Board Member, Olympus Corporation Jun 2019 Outside Director, NH Foods Ltd. and Olympus Corporation Jun 2024 Outside Audit & Supervisory Board Member, Nippon Kayaku Co., Ltd. (current)
1959-01-09
Eiko KISOGAWA
Director
Apr 1984 Joined American Family Life Insurance Company Apr 2004 General Manager, Operations Division, American Family Life Insurance Company Jan 2010 General Manager, Contract Management Planning Department II, American Family Life Insurance Company Jan 2011 General Manager, Contract Maintenance Department, American Family Life Insurance Company Jan 2012 Executive Officer, Contract Maintenance, Premium Department I and Premium Department II, American Family Life Insurance Company Jan 2013 Executive Officer, Growth Strategy Program, American Family Life Insurance Company Jan 2016 Representative Director, President, Aflac Collection Service Co., Ltd. Jan 2018 Executive Officer, General Affairs Division and Customer Service Promotion Division, American Family Life Insurance Company Jan 2021 Advisor, Aflac Life Insurance Japan Ltd. Jun 2023 Outside Director (Audit and Supervisory Committee Member), Marubun Corporation (current) Mar 2024 Director, the Company (current) Jan 2025 Vice Chair, Gold Ribbon Network Mar 2026 Director, Gold Ribbon Network (current)
1962-03-21
Fumiko KISHIMOTO
Director
Apr 1998 Joined the Legal Training and Research Institute of the Supreme Court of Japan Mar 2000 Completed the Legal Training and Research Institute Apr 2000 Registered as Attorney-at-Law (Tokyo Bar Association); joined Azusa Sogo Law Office Jun 2019 Outside Director (Audit and Supervisory Committee Member), Nippon Denki Gijutsu Co., Ltd. (current) Sep 2021 Head, Azusa Sogo Law Office (current) Mar 2024 Director, the Company (current)
1973-09-23
Hiroyuki ABE
Director
Apr 1980 Joined Furukawa Mining Co., Ltd. Mar 2005 General Manager, Development and Design Department, Production Division, Furukawa Rock Drill Co., Ltd. Jun 2012 Director and General Manager, Special Machinery Department, Sales Division, Furukawa Rock Drill Co., Ltd. Jun 2014 Senior Managing Director and Head of Production Division, Furukawa Rock Drill Co., Ltd. Jun 2015 Executive Officer, Furukawa Co., Ltd.; Director and Vice President, Furukawa Rock Drill Co., Ltd. Jun 2017 Senior Executive Officer, Furukawa Co., Ltd.; Director and Vice President, Furukawa Rock Drill Co., Ltd. Jun 2019 Managing Executive Officer, Furukawa Co., Ltd.; Representative Director, President, Furukawa Rock Drill Co., Ltd. Jun 2021 Audit & Supervisory Board Member, Furukawa Co., Ltd. Jul 2023 Technical Advisor, Nippo Co., Ltd. (current) Apr 2024 Chairman, Construction Environment Committee, Japan Tunnel Specialist Contractors Association (current) Mar 2026 Director, the Company
1957-09-14
Yasuko YAMASHITA
Audit & Supervisory Board Member
Oct 1987 Joined Sanwa Teematsu Aoki Audit Corporation Feb 1992 Registered as Certified Public Accountant Jan 1997 Joined I.P.P. Co., Ltd. Mar 1998 Joined Global Brain Co., Ltd. May 2002 Joined Shin Nihon & Co. Sep 2010 Joined Saishu Sogo Judicial Scrivener Office Oct 2011 Registered as Judicial Scrivener Sep 2012 Part-time Auditor, Japan Legal Support Center Dec 2013 Representative, Yasuko Yamashita Judicial Scrivener Office (current) May 2016 Outside Audit & Supervisory Board Member, Pocket Card Co., Ltd. Jun 2017 Outside Director (Audit and Supervisory Committee Member), RC Core Co., Ltd. Dec 2020 Outside Director, AEON MALL Co., Ltd. Mar 2025 Audit & Supervisory Board Member, the Company (current)
1963-11-05
Large Shareholding Reports
Sumitomo Mitsui Trust Bank, Limited
2026-10-21
3.48%→3.48%
Annual report (as of 2026-06-30): 3.50%
Sumitomo Mitsui Trust Bank, Limited
2026-03-05
3.48%→3.48%
Annual report (as of 2026-06-30): 3.50%
Sumitomo Mitsui Trust Bank, Limited
2026-01-08
3.48%→3.48%
Annual report (as of 2026-06-30): 3.50%
Sumitomo Mitsui Trust Bank, Limited
2025-11-20
3.48%→3.48%
Annual report (as of 2026-06-30): 3.50%
Sumitomo Mitsui Trust Bank, Limited
2025-09-19
3.48%→3.48%
Annual report (as of 2026-06-30): 3.50%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-21
Large Shareholding Report
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-07
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-25
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-03-05
Large Shareholding Report
EDINET
2026-01-08
Large Shareholding Report
EDINET
2025-11-20
Large Shareholding Report
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINETAmended
2024-09-13
Amended Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-29
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-31
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-31
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-05-13
Quarterly Securities Report
EDINET
2021-03-31
Annual Securities Report
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