Overview
Machinery

AICHI CORPORATION

Aichi Corporation manufactures and sells specialized vehicles including aerial work platforms (truck-mounted and self-propelled), bridge inspection vehicles, and auger-type utility pole diggers, primarily serving the electric power, telecommunications, and construction industries. The company also produces skid steer loaders and provides aftermarket services including parts sales, repairs, and operator training through its registered training center. Aichi supplies certain aerial work platforms on an OEM basis and has manufacturing and sales operations in Japan, China, and New Zealand, with export activities across global markets.

Market Cap
¥91.0B
US$581M
EV
¥56.6B
US$361M
Stock¥1,410▼-0.70%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.3
x
LTM EV/EBIT
7.5
x
LTM PER
13.1
x
LTM PBR
1.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-19.4%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
91.0BUS$581MMarket Cap0.20BUS$1.26M+ Debt27.4BUS$175M− Cash7.16BUS$45.7M− Inv. Sec.56.6BUS$361MEV
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Performance & Balance
Revenue 5Y (¥B)
56.6US$361M'22/360.7US$387M'23/353.1US$339M'24/359.3US$378M'25/359.6US$380M'26/3
EBITDA 5Y (¥B)
8.42US$53.7M'22/38.84US$56.4M'23/37.78US$49.6M'24/38.88US$56.6M'25/38.88US$56.6M'26/3
Net Income 5Y (¥B)
5.64US$36.0M'22/35.96US$38.0M'23/35.27US$33.6M'24/36.33US$40.4M'25/36.66US$42.5M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
8.49US$54.1M0.40US$2.54M'22/38.12US$51.8M0.31US$1.97M'23/349.2US$314M0.26US$1.63M'24/352.3US$333M0.21US$1.37M'25/333.4US$213M0.20US$1.26M'26/3
Shareholders
Top 10 hold 66.3%
1
ITOCHU Corporation
27.28%
2
TOYOTA INDUSTRIES CORPORATION
21.41%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.10%
4
NDS Co., Ltd.
3.21%
5
ISUZU MOTORS LIMITED
1.97%
6
Custody Bank of Japan, Ltd. (Trust Account)
1.77%
7
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.17%
8
AICHI CORPORATION Employee Stock Ownership Association
1.01%
9
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
0.68%
10
Mitsubishi Fuso Truck and Bus Corporation
0.66%
Management
8 officers
Shunichi NAKAZAWA
Representative Director, President; President Executive Officer
Apr 1990 Joined the Company Apr 2015 General Manager, Research & Development Department May 2017 General Manager, Research & Development Department and Product Development Department Jun 2020 Officer Jun 2021 Managing Executive Officer; in charge of Technology Development and Information Systems Departments Jun 2023 Managing Executive Officer; General Manager, Technology Development Division; in charge of Procurement Department Jun 2024 Director, Managing Executive Officer; General Manager, Corporate Division; in charge of Procurement Department; Chief Safety and Health Manager Apr 2025 Director, Managing Executive Officer; overall responsibility for company-wide operations Jun 2025 Representative Director, President (current) President Executive Officer; overall responsibility for company-wide operations (current)
1967-02-22
Satoshi ISHII
Director, Managing Executive Officer
Apr 1988 Joined the Company Jul 2015 General Manager, Life Cycle Support Department Mar 2021 General Manager, Corporate Planning Department Jan 2022 General Manager, Chubu Branch Jun 2024 Executive Officer; Deputy General Manager, Sales & Service Division Apr 2025 Executive Officer; General Manager, Sales & Service Division Jun 2025 Director, Executive Officer; General Manager, Sales & Service Division Apr 2026 Director, Managing Executive Officer; General Manager, Corporate Division (current)
1970-04-01
Kiyoshi HIGASHIUE
Outside Director, Audit and Supervisory Committee Member
Apr 2010 Executive Officer, Aioi Nissay Dowa Insurance Co., Ltd. Apr 2013 Managing Executive Officer, Aioi Nissay Dowa Insurance Co., Ltd. Jun 2019 Outside Director of the Company (current)
1956-02-05
Soji SAKAI
Outside Director, Audit and Supervisory Committee Member
Apr 1982 Joined Marubeni Corporation; Africa Section, Heavy Electrical Equipment Trade Department Apr 2006 General Manager, Domestic Power Projects Department, Marubeni Corporation; President, Mitsumine Denryoku Co., Ltd. Jul 2017 Executive Officer, Marubeni Corporation; Assistant to Manager, ASEAN & Southeast Asia Division; President, Marubeni's Thai subsidiary; Chairman, Japanese Chamber of Commerce and Industry in Thailand Apr 2020 Executive Officer, Marubeni Corporation; General Manager, Chubu Branch Mar 2022 Officer, Marubeni Corporation Jun 2024 Outside Director of the Company (current)
1959-09-10
Yojiro MIZUNO
Director, Audit and Supervisory Committee Member
Jun 2010 Executive Officer, Toyota Industries Corporation; General Manager, Domestic Sales Department, Toyota L&F Company Jun 2016 Managing Officer, Toyota Industries Corporation Jun 2018 Director, Senior Managing Officer, Toyota Industries Corporation; President, Toyota L&F Company Jun 2021 Director, Executive Vice President, Toyota Industries Corporation Jun 2025 Director of the Company (current)
1960-03-09
Megumi KONISHI
Outside Director, Audit and Supervisory Committee Member
Mar 2013 Registered as Certified Public Accountant Dec 2015 Joined MetLife Insurance K.K. Aug 2018 Representative, Megumi Konishi Certified Public Accountant Office (current) Nov 2023 Supervisory Officer, ORIX Real Estate Investment Corporation (current) Jun 2025 Outside Director of the Company (current)
1975-09-29
Makoto SHIBUYA
Director, Audit and Supervisory Committee Member
May 2010 General Manager, General Affairs Department, Human Resources & General Affairs Division, Fuji Oil Co., Ltd. Apr 2014 Executive Officer; General Manager, Legal Department, Fuji Oil Co., Ltd. Jun 2017 Full-time Audit & Supervisory Board Member, Fuji Oil Co., Ltd. Jun 2022 Full-time Director, Audit and Supervisory Committee Member, Fuji Oil Co., Ltd. Dec 2024 Full-time Audit & Supervisory Board Member, Toyo Corporation (current)
Atsushi KUROMI
Director, Audit and Supervisory Committee Member
Apr 1997 Joined ITOCHU Corporation May 2011 Chairman and General Manager, Dalian Ixiang Machinery Manufacturing Co., Ltd. Sep 2012 Machinery Corporate Planning Department, ITOCHU Corporation Mar 2016 Isuzu No. 2 Section Chief, Isuzu Business Division No. 1, ITOCHU Corporation Nov 2022 General Manager, Isuzu Mobility Department, ITOCHU Corporation (current)
Large Shareholding Reports
ITOCHU Corporation
2026-04-14
23.61%→32.88%
Annual report (as of 2026-03-31): 27.28%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-30
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-18
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-05-28
株主総会招集通知
EDINET
2026-04-14
Large Shareholding Report
TDnet
2026-01-29
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-10
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-30
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-12
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-30
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-26
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-17
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
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-19
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-08
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINET
2022-06-20
Annual Securities Report
EDINET
2022-02-08
Quarterly Securities Report
EDINET
2021-11-08
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-21
Annual Securities Report
EDINET
2021-02-08
Quarterly Securities Report
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