Overview
Machinery

TSURUMI MANUFACTURING CO.,LTD.

Tsurumi Manufacturing (Tsurumi Pump) is a leading manufacturer of submersible pumps, land pumps, large pumping station pumps, liquid ring vacuum pumps, and related water treatment and environmental equipment. The company serves diverse end markets including construction, civil engineering, agriculture, municipal water and sewage infrastructure, flood control, and industrial facilities. Its competitive strengths lie in its broad product lineup, high clog-resistance technology (e.g., Smash Pump series), global manufacturing and sales network, and comprehensive aftermarket service capabilities.

Market Cap
¥123B
US$786M
EV
¥86.3B
US$550M
Stock¥2,583▼-1.52%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
6.5
x
LTM EV/EBIT
7.9
x
LTM PER
23.9
x
LTM PBR
1.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+6.2%pt
100123
Oct 23, 25 – Oct 23, 26StockTOPIX
1Mar 31, 26Dalton Investments, Inc. changed stake (11.67%→12.69%)
2Jun 18, 26Dalton Investments, Inc. changed stake (12.69%→13.71%)
3Aug 7, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
123BUS$786MMarket Cap15.2BUS$97.1M+ Debt36.1BUS$230M− Cash17.9BUS$114M− Inv. Sec.1.65BUS$10.5M+ NCI86.3BUS$550MEV
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Performance & Balance
Revenue 5Y (¥B)
51.2US$326M'22/356.2US$358M'23/362.6US$399M'24/368.1US$433M'25/377.2US$492M'26/3
EBITDA 5Y (¥B)
6.52US$41.5M'22/38.54US$54.4M'23/310.3US$65.8M'24/311.9US$76.1M'25/313.3US$84.6M'26/3
Net Income 5Y (¥B)
4.82US$30.7M'22/36.26US$39.9M'23/38.29US$52.8M'24/38.78US$55.9M'25/35.16US$32.9M'26/3
Capital Structure
87%
EquityD/E 0.15xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
28.4US$181M2.10US$13.4M'22/335.0US$223M7.10US$45.2M'23/345.9US$293M9.95US$63.3M'24/343.8US$279M16.6US$106M'25/351.1US$325M16.5US$105M'26/3
Shareholders
Top 10 hold 46.1%
1
T's Corporation Co., Ltd.
7.40%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.06%
3
Tsurumi Kyoei-kai
6.89%
4
Daiko Co., Ltd.
4.70%
5
Sumitomo Mitsui Banking Corporation
4.67%
6
STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)
4.22%
7
THE BANK OF NEW YORK-JASDECTREATY ACCOUNT (Standing Proxy: Mizuho Bank, Ltd.)
3.39%
8
MUFG Bank, Ltd.
2.93%
9
Denyo Co.,Ltd.
2.70%
10
TSURUMI MANUFACTURING CO.,LTD. Employee Stock Ownership Association
2.19%
Management
11 officers
Osamu TSUJIMOTO
Representative Director, President
Mar 1980 Joined the Company Dec 1988 Director, General Manager of Management Control Division, Accounting Headquarters Dec 1990 Managing Director, Head of Sales Headquarters and General Manager of Corporate Planning Office Jun 1992 Senior Managing Director, Head of Sales Headquarters Jun 1993 Director, Vice President, Head of Sales Headquarters May 1997 Director, Vice President, in charge of Development Division Jun 1998 Representative Director, President (current)
1957-10-24
Takeyuki NISHIMURA
Director, Executive Vice President, in charge of Production and Technology Division
Mar 1982 Joined the Company Apr 2008 Deputy General Manager, Sales Promotion Division Apr 2010 Deputy General Manager, Strategy Group, Office of the President Apr 2013 Executive Officer, General Manager of Design Division, Kyoto Plant Apr 2014 Executive Officer, Deputy Plant Manager and General Manager of Design Division, Kyoto Plant Jun 2014 Director, Executive Officer, Deputy Plant Manager and General Manager of Design Division, Kyoto Plant Oct 2016 Director, Executive Officer, in charge of Production and Technology Division Apr 2017 Managing Director, in charge of Production and Technology Division Apr 2021 Chairman, Shanghai Tsurumi Pump Co., Ltd. (current) Apr 2022 Senior Managing Director, in charge of Production and Technology Division Jul 2022 Chairman, Tsurumi Vacuum Engineering (Shanghai) Co., Ltd. (current) Jan 2024 Chairman of the Board, Tsurumi Pump Viet Nam Co., Ltd. (current) Apr 2026 Director, Executive Vice President, in charge of Production and Technology Division (current)
1960-03-13
Takanori UEDA
Senior Managing Director, General Manager of Governance and Compliance Division
Mar 1984 Joined the Company Apr 2006 Deputy General Manager, Yonago Plant Administration Division Oct 2011 Deputy General Manager, Tsurumi Pump Taiwan Co., Ltd. Oct 2013 Head of Strategy Group, Office of the President Apr 2014 Executive Officer, General Manager of Strategy Group, Office of the President Apr 2015 Executive Officer, General Manager, Office of the President Jun 2015 Director, Executive Officer, General Manager, Office of the President Feb 2016 Representative Director, Tsurumi Pump Korea Co., Ltd. (current) Apr 2022 Managing Director, in charge of Administration Division Apr 2026 Senior Managing Director, General Manager of Governance and Compliance Division (current)
1960-03-13
Keiichiro TSURUGA
Managing Director, General Manager of Administration Division
Apr 2007 Joined the Company Apr 2014 Deputy General Manager, Administration Division Apr 2016 Deputy General Manager, Administration Division and Secretariat of Audit and Supervisory Committee Apr 2019 Executive Officer, General Manager of Administration Division Jun 2022 Director, Executive Officer, General Manager of Administration Division Apr 2026 Director, Senior Executive Officer, General Manager of Accounting and Finance Division Managing Director, in charge of Administration Division (current)
1975-11-13
Kouri TSUJIMOTO
Director, Senior Executive Officer, General Manager of International Sales Division
Apr 2015 Joined the Company Apr 2020 Deputy General Manager, Domestic Sales Division and Promotion Group Apr 2022 Executive Officer, General Manager of SDGs Promotion Office Apr 2023 Executive Officer, General Manager of Pump Systems Division Apr 2024 Executive Officer, General Manager of Strategic Planning Division and Pump Systems Division Jun 2024 Director, Senior Executive Officer, General Manager of Strategic Planning Division and Pump Systems Division Mar 2025 President, Tsurumi (America), Inc. (current) Apr 2025 Director, Senior Executive Officer, General Manager of Strategic Planning Division and International Sales Division Mar 2026 Senior Managing Director, Fuji Maru Sangyo Co., Ltd. Apr 2026 Director, Senior Executive Officer, General Manager of International Sales Division (current) May 2026 Representative Director, President, Fuji Maru Sangyo Co., Ltd. (current)
1989-06-28
Akira INOUE
Director, Senior Executive Officer, General Manager of Digital Promotion Division
Apr 1990 Joined the Company Apr 2018 Head of Strategy Group, Office of the President Head of Corporate Planning Group, Office of the President Apr 2020 Executive Officer, General Manager of Corporate Planning Division Jun 2026 Executive Officer, General Manager of Digital Promotion Division Senior Executive Officer, General Manager of Digital Promotion Division Director, Senior Executive Officer, General Manager of Digital Promotion Division (current)
1969-11-13
Takahito SONODA
Director
Mar 1979 Joined Fuji Seal Industry Co., Ltd. (now Fuji Seal International, Inc.) Dec 1994 Vice President for Sales, Fuji Ace Co., Ltd. (Thailand) Aug 2000 President, Fuji Seal Europe Ltd. Jun 2004 Director and Executive Officer, Fuji Seal International, Inc. Oct 2004 President, American Fuji Seal, Inc. Sep 2008 President, Fuji Seal Packaging de Mexico, S.A. de C.V. (concurrently President, American Fuji Seal, Inc.) Aug 2011 President, Fuji Seal Japan Co., Ltd. Jun 2015 Chairman, Fuji Seal Japan Co., Ltd. and CFO, Fuji Seal International, Inc. Jun 2022 Director, the Company (current)
1955-04-03
Rei INOUE
Director
Nov 2016 Joined PricewaterhouseCoopers Advisory S.p.A. Sep 2019 Senior Associate, Japan Desk, PricewaterhouseCoopers Advisory S.p.A. Mar 2020 Freelance consultant May 2021 Joined Marelli Corporation May 2022 Direttore Finanziario (Finance Director, equivalent to CFO), Microworld Innovation di Tedeschi Jacopo & Leonardo snc (current) Jun 2023 Director, the Company (current)
1991-01-17
Tetsuzo KAMEI
Director, Audit and Supervisory Committee Member
Jun 1995 Joined Asada Tsunehiro Tax Accountant Office Feb 2012 Registered as a certified tax accountant Jun 2020 Opened Kamei Tetsuzo Tax Accountant Office (current) Director, Audit and Supervisory Committee Member, the Company (current)
1962-05-18
Hiroshi MATSUMOTO
Director, Audit and Supervisory Committee Member
Apr 1979 Joined Hitachi Maxell, Ltd. (now Maxell, Ltd.) Sep 1984 Joined Asahi & Co. (now Ernst & Young ShinNihon LLC) Jun 2020 Registered as a certified public accountant Opened Matsumoto Hiroshi Certified Public Accountant Office (current) Director, Audit and Supervisory Committee Member, the Company (current) Jun 2024 Outside Director, Audit and Supervisory Committee Member, Escon Asset Management Co., Ltd. (current) Outside Audit & Supervisory Board Member, Royal Hotel, Ltd. (current)
1956-09-19
Haruka SHIOJI
Director, Audit and Supervisory Committee Member
Feb 2014 Registered as an attorney; joined Shioji Law Office Jun 2026 Shioji Sogo Law Office, Legal Professional Corporation (current; name changed upon incorporation) Director, Audit and Supervisory Committee Member, the Company (current)
1988-09-15
Large Shareholding Reports
Dalton Investments, Inc.
2026-06-18
12.69%→13.71%
Dalton Investments, Inc.
2026-03-31
11.67%→12.69%
Daiko Co., Ltd.
2025-12-02
2.11%→4.44%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 4.70%
Daiko Co., Ltd.
2025-11-05
2.11%→4.44%
Annual report (as of 2026-03-31): 4.70%
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
EDINET
2026-06-18
Large Shareholding Report
EDINET
2026-03-31
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-12-02
Change Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-11-05
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-10
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
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
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-27
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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