Overview
Machinery

Kitagawa Corporation

Kitagawa Iron Works operates across four business segments: machine tool accessories (lathe chucks, hydraulic rotary cylinders, NC rotary tables, power vises, and grippers), industrial machinery (concrete plants, construction cranes, recycling plants, and self-propelled multi-story parking systems), metal castings (automotive, construction, and agricultural machinery components via green sand and lost foam casting), and semiconductor-related equipment (semiconductor manufacturing equipment, precision polishing devices, consumables, and contract processing services). The company holds a dominant domestic market share exceeding 50% in lathe chucks, which it markets globally as a world-class brand. Its global footprint spans Japan, China, Thailand, India, Mexico, the United States, and Europe through a network of subsidiaries and affiliates.

Market Cap
¥23.3B
US$148M
EV
¥23.0B
US$147M
Stock¥2,465▲+1.19%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.7
x
LTM EV/EBIT
7.9
x
LTM PER
11.2
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+26.6%pt
1001234
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 4, 26FY2026 Q3 earnings profit decline
2Mar 23, 26Dividend cut announcement
3Sep 14, 26FY operating profit raised to ¥4.5bn (+67.4% YoY), dividend hiked to ¥110
4Sep 15, 26FY operating profit guidance raised from ¥3.0bn to ¥4.5bn (+67.4% YoY), dividend hiked from ¥64 to ¥110
MC → EV Bridge
23.3BUS$148MMarket Cap16.2BUS$104M+ Debt11.0BUS$70.0M− Cash5.56BUS$35.4M− Inv. Sec.0.01BUS$0.03M+ NCI23.0BUS$147MEV
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Performance & Balance
Revenue 5Y (¥B)
58.7US$374M'22/359.7US$381M'23/361.6US$393M'24/357.3US$365M'25/358.4US$373M'26/3
EBITDA 5Y (¥B)
5.95US$37.9M'22/33.41US$21.8M'23/35.18US$33.0M'24/34.98US$31.8M'25/35.85US$37.3M'26/3
Net Income 5Y (¥B)
-0.95-US$6.07M'22/3-0.42-US$2.67M'23/31.24US$7.90M'24/31.25US$7.95M'25/33.13US$19.9M'26/3
Capital Structure
74%
26%
EquityD/E 0.35xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
12.0US$76.5M13.4US$85.4M'22/312.1US$77.3M13.8US$88.1M'23/315.0US$95.5M16.2US$104M'24/315.8US$101M14.0US$89.6M'25/317.5US$112M16.4US$105M'26/3
Shareholders
Top 10 hold 39.4%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
8.81%
2
Kitagawa Iron Works Minori-kai
8.09%
3
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
5.23%
4
The Hiroshima Bank, Ltd.
4.82%
5
Mizuho Trust & Banking Co., Ltd.
2.49%
6
Kitagawa Iron Works Own-Stock Investment Association
2.48%
7
Toshiki AKIMOTO
2.16%
8
Custody Bank of Japan, Ltd. (Trust Account)
1.90%
9
Asahi Mutual Life Insurance Company
1.85%
10
Yuji KITAGAWA
1.55%
Management
8 officers
Yuji KITAGAWA
Representative Director, Chairman
Apr 1957 Born Sep 1983 Joined the Company Jun 1991 Director, the Company Apr 1995 Managing Director, the Company Apr 1997 Senior Managing Director, the Company Apr 1999 Representative Director, Senior Managing Director, the Company Apr 2001 Representative Director, President, the Company Oct 2011 President, Fuchu Chamber of Commerce and Industry (current) Apr 2016 Representative Director, President, the Company; General Manager, Machine Tool Division May 2016 Representative Director, Chairman, Kitagawa Seisakusho Co., Ltd. (current) Apr 2018 Representative Director, Chairman and President, the Company Apr 2022 Representative Director, Chairman, President and General Manager, Development Headquarters, the Company Jun 2022 Representative Director, Chairman, President and Executive Officer; General Manager, Development Headquarters, the Company Jun 2024 Representative Director, Chairman, the Company (current) Apr 2025 Representative Director, President, Kitagawa Reiki Co., Ltd. (current) May 2026 Chairman, Japan Machine Tool Accessories Industry Association (current)
1957-04-01
Hiroshi KITAGAWA
Representative Director, Vice Chairman
Dec 1958 Born Apr 1981 Joined the Company Jun 1993 Director, the Company Apr 1997 Managing Director, the Company Apr 2001 Representative Director, Senior Managing Director, the Company Apr 2009 Representative Director, Vice President and Executive Officer; General Manager, Tokyo Sales Headquarters, the Company Apr 2010 Representative Director, Vice President, the Company Jun 2012 Representative Director, Vice President, the Company; seconded to KITAGAWA MEXICO,S.A.DE C.V. as Representative Director, President Apr 2015 Representative Director, Vice President and General Manager, Materials Division, the Company; seconded to KITAGAWA MEXICO,S.A.DE C.V. as Representative Director, President Apr 2017 Representative Director, Vice President and General Manager, Materials Division, the Company Apr 2018 Representative Director, Vice Chairman, the Company; President, Kitagawa Material Technology Company Apr 2021 Representative Director, Vice Chairman and General Manager, Corporate Management Division, the Company Jun 2022 Representative Director, Vice Chairman and Executive Officer; General Manager, Corporate Management Division, the Company Jun 2024 Representative Director, Vice Chairman, the Company (current)
1958-12-12
Teio OKANO
Representative Director, President and Executive Officer, General Manager, Development Headquarters
Jan 1963 Born Apr 1986 Joined The Hiroshima Bank, Ltd. Apr 2012 Manager, Fuchu Branch, The Hiroshima Bank, Ltd. Apr 2017 Executive Officer; General Manager, Fukuyama Sales Headquarters, The Hiroshima Bank, Ltd. Apr 2019 Managing Executive Officer, The Hiroshima Bank, Ltd. Jun 2021 Director and Managing Executive Officer, The Hiroshima Bank, Ltd. Jun 2022 Representative Director, Chairman, Shimanami Debt Collection Co., Ltd. Apr 2023 Non-Standing Adviser, the Company May 2024 Standing Adviser, the Company Jun 2024 Representative Director, President and Executive Officer; General Manager, Development Headquarters, the Company (current)
1963-01-12
Misako NISHIKAWA
Outside Director
Oct 1967 Born Jun 1994 Joined China Productivity Center Feb 2016 Full-time Department Head, China Productivity Center (current) Jun 2021 Director, the Company (current)
1967-10-11
Yasuhiro SUGIGUCHI
Outside Director
Mar 1957 Born Apr 1979 Joined Ito Man Co., Ltd. (now Nippon Steel Trading Corporation) Jun 2008 Executive Officer, Sumikin Bussan Corporation (now Nippon Steel Trading Corporation) Jun 2011 Executive Officer, Sumikin Bussan Corporation; Representative Director, President, Sumikin Bussan Matex Co., Ltd. (now Nippon Steel Trading Matex Co., Ltd.) Oct 2013 Executive Officer, Nippon Steel Trading Corporation; Representative Director, President, Nippon Steel & Sumikin Bussan Matex Co., Ltd. (now Nippon Steel Trading Matex Co., Ltd.) Apr 2015 Managing Executive Officer, Nippon Steel Trading Corporation Jun 2016 Director and Managing Executive Officer, Nippon Steel Trading Corporation Jun 2021 Adviser, Nippon Steel Trading Corporation Aug 2022 Non-Standing Adviser, the Company Jun 2023 Director, the Company (current)
1957-03-12
Takeshi NOGAMI
Outside Director, Full-time Audit and Supervisory Committee Member
Dec 1964 Born Apr 1987 Joined The Hiroshima Bank, Ltd. Apr 2015 Deputy General Manager, Eastern Regional Headquarters, The Hiroshima Bank, Ltd. Apr 2017 Manager, Sales Management Office, The Hiroshima Bank, Ltd. Apr 2018 General Manager, Personal Loan Department, The Hiroshima Bank, Ltd. Apr 2020 Attached to Human Resources and General Affairs Department, The Hiroshima Bank, Ltd. Jun 2020 Full-time Audit & Supervisory Board Member, the Company Jun 2022 Director, Full-time Audit and Supervisory Committee Member, the Company (current)
1964-12-23
Junji KAIHARA
Outside Director, Audit and Supervisory Committee Member
Aug 1949 Born Jul 1974 Joined Kaihara Orimono Co., Ltd. (now KAIHARA Co., Ltd.) Sep 1991 Director and Vice President, Kaihara Orimono Co., Ltd. Apr 2003 Representative Director, President, Kaihara Orimono Co., Ltd. May 2014 Representative Director, Vice Chairman, Kaihara Orimono Co., Ltd. Jun 2018 Audit & Supervisory Board Member, the Company Jun 2022 Director, Audit and Supervisory Committee Member, the Company (current) Jun 2023 Representative Director, Chairman, KAIHARA Co., Ltd. May 2026 Director and Adviser, KAIHARA Co., Ltd. (current)
1949-08-11
Kosuke TAIRA
Outside Director, Audit and Supervisory Committee Member
Jun 1954 Born Apr 1986 Member, Hiroshima Prefectural Assembly Jan 1987 Director, Kurodaruma Co., Ltd. (current) Jul 1997 Audit Committee Member, Hiroshima Prefecture Mar 2008 President, Hiroshima Prefectural School Lunch Association (now a public interest incorporated foundation) Apr 2013 Chairman, Hiroshima Prefectural School Lunch Association Jun 2019 Audit & Supervisory Board Member, the Company Jun 2022 Director, Audit and Supervisory Committee Member, the Company (current) Jul 2022 Representative Director, National Federation for the Promotion of School Lunches (general incorporated association)
1954-06-06
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-19
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-07-11
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-27
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-21
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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