Overview
Machinery

TOWA CORPORATION

TOWA Corporation is a leading manufacturer of semiconductor manufacturing equipment, specializing in molding equipment (transfer and compression mold systems) and singulation equipment, along with ultra-precision molds for semiconductor resin encapsulation. The company also operates in medical devices and laser processing equipment segments, leveraging its core competencies in ultra-precision machining, resin molding, and automation technologies. Over 80% of revenues are derived from overseas customers, reflecting strong global demand from semiconductor manufacturers worldwide.

Market Cap
¥148B
US$942M
EV
¥126B
US$802M
Stock¥1,968▲+0.10%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.7
x
LTM EV/EBIT
13.0
x
LTM PER
21.8
x
LTM PBR
2.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-26.8%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 7, 26Q1 FY2027/03 earnings announced
2Oct 15, 26US CPI beat & CoreWeave bond crash trigger semiconductor stock selloff
MC → EV Bridge
148BUS$942MMarket Cap21.1BUS$135M+ Debt29.7BUS$190M− Cash13.3BUS$84.8M− Inv. Sec.126BUS$802MEV
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Performance & Balance
Revenue 5Y (¥B)
50.7US$323M'22/353.8US$343M'23/350.5US$322M'24/353.5US$341M'25/354.4US$347M'26/3
EBITDA 5Y (¥B)
13.5US$85.8M'22/312.5US$79.9M'23/311.2US$71.4M'24/311.6US$73.7M'25/310.0US$64.0M'26/3
Net Income 5Y (¥B)
8.13US$51.8M'22/37.35US$46.8M'23/36.44US$41.1M'24/38.12US$51.8M'25/34.59US$29.3M'26/3
Capital Structure
78%
22%
EquityD/E 0.28xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
16.3US$104M10.4US$66.4M'22/320.5US$131M15.9US$101M'23/330.1US$192M14.0US$89.4M'24/325.8US$164M10.1US$64.2M'25/336.0US$230M18.2US$116M'26/3
Shareholders
Top 10 hold 37.8%
1
The Master Trust Bank of Japan, Ltd.
11.78%
2
Keibi Kosan Co., Ltd.
7.59%
3
Custody Bank of Japan, Ltd.
5.36%
4
NREGALO Co., Ltd.
5.03%
5
The Bank of Kyoto, Ltd.
2.80%
6
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.22%
7
TOWA Employee Stock Ownership Association
1.16%
8
STATE STREET BANK AND TRUST COMPANY 505025 (Standing Proxy: Mizuho Bank, Ltd.)
1.03%
9
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
0.94%
10
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
0.91%
Management
10 officers
Hirokazu OKADA
Representative Director, Chairman
Apr 1979 Joined the Company Sep 1985 General Manager, Sales Department Mar 1988 Director Jun 2000 Managing Director Aug 2003 Director Nov 2005 Director, General Manager, PM Market Development Office Jun 2006 Director, Managing Executive Officer, General Manager, PM Market Development Office Jun 2008 Director, Managing Executive Officer, General Manager, Development Division Apr 2010 Senior Managing Director, in charge of Development Division, Sales Division, and Bando Memorial Research Institute Apr 2012 Representative Director, President Apr 2025 Representative Director, Chairman (current)
1951-08-11
Muneo MIURA
Director, President and Executive Officer, General Manager, Sales Division
Oct 1990 Joined the Company Dec 1997 Seconded to TOWA Asia-Pacific Pte. Ltd. (Singapore subsidiary) Apr 2015 General Manager, Sales Engineering Department, Sales Division Apr 2016 General Manager, Global Sales Department, Sales Division Apr 2018 General Manager, Sales Division Apr 2020 Executive Officer, General Manager, Sales Division Jun 2022 Director, Executive Officer, in charge of Sales Division, General Manager, Sales Division Jan 2024 Director, Executive Officer, in charge of Sales Division and Singulation Business Division, General Manager, Sales Division Apr 2025 Director, President and Executive Officer, General Manager, Sales Division (current)
1969-08-01
Nobutaka SHIBAHARA
Director, Managing Executive Officer, General Manager, Administration Division
Apr 1987 Joined the Company Apr 2008 General Manager, Production Control Office, Production Division Apr 2010 General Manager, Planning Department, Administration Division Apr 2014 President, TOWA Semiconductor Equipment (Suzhou) Co., Ltd. Oct 2017 General Manager, Corporate Planning Division Apr 2019 Executive Officer, General Manager, Corporate Planning Division Apr 2021 Executive Officer, General Manager, Administration Division Jun 2021 Director, Executive Officer, in charge of Corporate Planning Division and Administration Division, General Manager, Administration Division Jun 2022 Director, Senior Executive Officer, in charge of Corporate Planning Division and Administration Division, General Manager, Administration Division Apr 2025 Director, Senior Executive Officer, General Manager, Administration Division Jul 2025 Director, Managing Executive Officer, General Manager, Administration Division (current)
1964-08-16
Kazuhiro NISHIMURA
Director, Senior Executive Officer, General Manager, Production Division and General Manager, Tool Business Division
Jun 1984 Joined the Company Oct 2010 President, TOWA Semiconductor Equipment (Suzhou) Co., Ltd. Apr 2014 General Manager, System Manufacturing Department, System Business Division Oct 2017 Assistant General Manager, Mold Business Division Oct 2018 General Manager, Mold Business Division Apr 2020 Executive Officer, General Manager, Production Division Jun 2022 Director, Executive Officer, in charge of Production Division, General Manager, Production Division Apr 2025 Director, Executive Officer, General Manager, Production Division Jul 2025 Director, Senior Executive Officer, General Manager, Production Division Apr 2026 Director, Senior Executive Officer, General Manager, Production Division and General Manager, Tool Business Division (current)
1965-11-03
Kazuhiko NAKANISHI
Director, Executive Officer, General Manager, Corporate Planning Division, General Manager, Secretariat Office, and General Manager, Sustainability Promotion Office
Apr 1986 Joined The Kyoto Bank, Ltd. Jun 2016 Branch Manager, Nishijin Branch, The Kyoto Bank, Ltd. Aug 2018 Joined the Company, Planning Department, Corporate Planning Division Apr 2020 Executive Officer, General Manager, Planning Department, Corporate Planning Division, and General Manager, Secretariat Office Apr 2021 Executive Officer, General Manager, Corporate Planning Division, General Manager, Secretariat Office, and General Manager, INNOMS Promotion Office Jun 2024 Executive Officer, General Manager, Corporate Planning Division, General Manager, Accounting Department, Corporate Planning Division, General Manager, Secretariat Office, and General Manager, INNOMS Promotion Office Apr 2025 Executive Officer, General Manager, Corporate Planning Division, General Manager, Secretariat Office, and General Manager, INNOMS Promotion Office Jun 2025 Director, Executive Officer, General Manager, Corporate Planning Division, General Manager, Secretariat Office, and General Manager, INNOMS Promotion Office Oct 2025 Director, Executive Officer, General Manager, Corporate Planning Division, General Manager, Secretariat Office, General Manager, INNOMS Promotion Office, and General Manager, Sustainability Promotion Office Apr 2026 Director, Executive Officer, General Manager, Corporate Planning Division, General Manager, Secretariat Office, and General Manager, Sustainability Promotion Office (current)
1963-07-22
Teruhiro YANO
Director
Dec 1990 Joined Chunichi Dragons Jan 1998 Joined Hanshin Tigers Nov 2010 Baseball commentator and critic Oct 2018 Manager, Hanshin Tigers Jan 2023 Baseball commentator and lecturer Jun 2025 Director (current)
1968-12-06
Hiroshi HATTORI
Director, Full-time Audit and Supervisory Committee Member
Apr 1988 Joined The Kyoto Bank, Ltd. Jun 2015 Branch Manager, Uji Branch, The Kyoto Bank, Ltd. Aug 2021 Joined the Company, Advisor, Accounting Department, Corporate Planning Division Apr 2022 General Manager, Accounting Department, Corporate Planning Division Jun 2024 Director, Full-time Audit and Supervisory Committee Member (current)
1965-12-10
Miho GOTO
Director, Audit and Supervisory Committee Member
Apr 1997 Registered as attorney-at-law Oct 2005 Established Goto Law Office (current) Jun 2020 Director, Audit and Supervisory Committee Member (current)
1969-12-10
Motoko TANAKA
Director, Audit and Supervisory Committee Member
Oct 1989 Joined Sanwa Totsumatsu Aoki Audit Corporation (now Deloitte Touche Tohmatsu LLC) Jul 2003 Partner, Deloitte Touche Tohmatsu LLC Jul 2020 Established Tanaka Certified Public Accountant Office, Head (current) Jun 2022 Director, Audit and Supervisory Committee Member (current) Jun 2023 Outside Audit & Supervisory Board Member, Wacoal Holdings Corp. (current)
1959-12-13
Shinichi TABATA
Director, Audit and Supervisory Committee Member
Dec 2005 Joined Chuo Aoyama Audit Corporation Jul 2007 Joined Kyoto Audit Corporation (now PwC Japan LLC) Jul 2009 Registered as Certified Public Accountant Oct 2023 Representative, Tabata Certified Public Accountant Office (current) Dec 2023 Registered as Certified Tax Accountant Jun 2026 Director, Audit and Supervisory Committee Member
1981-07-31
Large Shareholding Reports
Nomura Asset Management Co., Ltd.
2026-10-07
3.84%→4.05%
Nomura Asset Management Co., Ltd.
2026-09-07
3.84%
N Regalo Co., Ltd.
2026-06-02
5.03%→5.03%
Annual report (as of 2026-03-31): 5.03%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-07
Large Shareholding Report
EDINET
2026-09-07
Large Shareholding Report
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-02
Large Shareholding Report
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-10
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-06
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-09
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-08
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-08
Quarterly Securities Report
EDINET
2021-11-09
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINET
2021-02-08
Quarterly Securities Report
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