Overview
Machinery

ORGANO CORPORATION

Organo Corporation is a comprehensive water treatment engineering company that designs, manufactures, installs, and maintains water treatment systems including ultrapure water, pure water, industrial wastewater, and water recycling facilities. The company serves a broad range of industries through three business segments: Plant Engineering (custom water treatment systems), Solution (maintenance, operation management, and water processing services), and Functional Products (water treatment chemicals, standard equipment, filtration materials, and food ingredients). With proprietary technologies and an integrated in-house capability spanning product development through post-delivery maintenance, Organo holds strong positions in high-purity water treatment for semiconductor and electronics manufacturers.

Market Cap
¥520B
US$3.32B
EV
¥527B
US$3.36B
Stock¥2,263▼-1.99%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
13.4
x
LTM EV/EBIT
14.1
x
LTM PER
18.5
x
LTM PBR
3.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-31.2%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
520BUS$3.32BMarket Cap37.6BUS$240M+ Debt27.8BUS$178M− Cash2.86BUS$18.2M− Inv. Sec.527BUS$3.36BEV
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Performance & Balance
Revenue 5Y (¥B)
112US$715M'22/3132US$845M'23/3150US$959M'24/3163US$1.04B'25/3178US$1.13B'26/3
EBITDA 5Y (¥B)
12.2US$77.7M'22/317.0US$109M'23/324.6US$157M'24/333.0US$211M'25/339.6US$253M'26/3
Net Income 5Y (¥B)
9.21US$58.7M'22/311.7US$74.8M'23/317.3US$110M'24/324.2US$154M'25/328.4US$181M'26/3
Capital Structure
79%
21%
EquityD/E 0.26xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
22.3US$142M15.6US$99.7M'22/318.0US$115M33.0US$211M'23/320.5US$131M36.5US$233M'24/319.1US$122M22.7US$145M'25/333.8US$215M34.6US$221M'26/3
Shareholders
Top 10 hold 67.7%
1
TOSOH CORPORATION
44.28%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
9.98%
3
Custody Bank of Japan, Ltd. (Trust Account)
3.81%
4
KBC BANK NV - UCITS CLIENTS NON TREATY (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
2.42%
5
THE BANK OF NEW YORK MELLON 140044 (Standing Proxy: Mizuho Bank, Ltd.)
1.59%
6
NORTHERN TRUST CO.(AVFC) RE NON TREATY CLIENTS ACCOUNT (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
1.56%
7
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.40%
8
Mizuho Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
1.01%
9
RBC IST 15 PCT LENDING ACCOUNT - CLIENT ACCOUNT (Standing Proxy: Citibank, N.A., Tokyo Branch)
0.81%
10
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
0.80%
Management
12 officers
Masayuki YAMADA
Representative Director, President and Executive Officer
Apr 1985 Joined Toyo Soda Manufacturing Co., Ltd. (now Tosoh Corporation) Jun 2007 President, Tosoh Bioscience, Inc.; President, Tosoh Bioscience LLC Jun 2011 Executive Officer, Deputy General Manager, Bioscience Business Division, and General Manager, Planning and Development Office, Tosoh Corporation Jun 2012 Executive Officer, General Manager, Bioscience Business Division and General Manager, Planning and Development Office, Tosoh Corporation; Chairman, Tosoh Europe N.V. Jun 2013 Director, General Manager, Bioscience Business Division and General Manager, Planning and Development Office, Tosoh Corporation Jun 2015 President (Representative Director), Tosoh Techno System Co., Ltd.; Director, Tosoh Bioscience, Inc.; Director, Tosoh Bioscience LLC Jun 2016 Senior Executive Officer, General Manager, Bioscience Business Division, Tosoh Corporation Jun 2017 Director, Managing Executive Officer, General Manager, Functional Products Sector and General Manager, Bioscience Business Division, Tosoh Corporation; Chairman, Tosoh America, Inc. Jun 2019 Director, Managing Executive Officer, General Manager, Research and Planning Division, General Manager, Functional Products Sector and General Manager, Engineering Sector, Tosoh Corporation; Director, Organo Corporation Jun 2021 Director, Senior Managing Executive Officer, Organo Corporation Jun 2022 Representative Director, President and Executive Officer, Organo Corporation (current)
1959-01-07
Nobuyoshi SUDA
Director, Managing Executive Officer, General Manager, Technology Development Division
Apr 1984 Joined Organo Corporation Jun 2010 Deputy Manager, Planning and Design Department, Technology and Production Center, Organo Corporation Apr 2012 Business Unit Manager, Electronics Business Unit, Plant Business Division, Industrial Plant Division; Head of Project Management Office and Engineering Division Technology Department, Organo Corporation Jan 2013 Chairman and General Manager, Organo (Suzhou) Water Treatment Co., Ltd. Apr 2016 General Manager, Corporate Planning Department, Corporate Management Division, Organo Corporation Jun 2017 Executive Officer, General Manager, Corporate Planning Department, Corporate Management Division, Organo Corporation; Chairman, Organo (Vietnam) Co., Ltd. Jun 2019 Director, Executive Officer, General Manager, Corporate Management Division and General Manager, Corporate Planning Department, Organo Corporation Jun 2020 Director, Managing Executive Officer, General Manager, Corporate Management Division and General Manager, Corporate Planning Department, Organo Corporation Jun 2021 Director, Managing Executive Officer, General Manager, Technology Development Division and Head of Development Center, Organo Corporation Jun 2023 Director, Managing Executive Officer, General Manager, Technology Development Division, Organo Corporation (current)
1963-11-19
Tetsuyuki HONDA
Director, Managing Executive Officer, General Manager, Corporate Management Division
Apr 1986 Joined Organo Corporation Apr 2012 President, Organo (Asia) Sdn. Bhd. Jan 2013 Vice President, PT Rahtan Organo Water Apr 2015 President, PT Rahtan Organo Water Jun 2017 General Manager, Electric Power Business Division, Water Infrastructure and Energy Division, Organo Corporation Jun 2018 Executive Officer, General Manager, Electric Power Business Division, Plant Division, Organo Corporation Jun 2019 Executive Officer, Deputy General Manager, Plant Division and General Manager, Electric Power Business Division, Organo Corporation Jun 2020 Executive Officer, Head of Development Center, Technology Development Division, Organo Corporation Jun 2021 Director, Executive Officer, General Manager, Corporate Management Division and General Manager, Corporate Planning Department, Organo Corporation Jun 2023 Director, Managing Executive Officer, General Manager, Corporate Management Division, Organo Corporation (current) Jun 2025 Chairman, Organo (Vietnam) Co., Ltd. (current) Mar 2026 Chairman, Organo India Pvt. Ltd. (current)
1963-05-01
Shojiro KOIKE
Director, Managing Executive Officer, General Manager, Plant Division
Apr 1988 Joined Organo Corporation Jan 2010 Deputy Director, IEC, Technology and Production Center, Organo Corporation Jun 2010 Group Manager, Iwaki Plant Group, Planning and Design Department, Technology and Production Center, Organo Corporation Apr 2016 Business Unit Manager, Pharma Process Business Unit, Plant Business Division, Industrial Plant Division, Organo Corporation Jun 2018 Director, Organo Plant Service Co., Ltd. Jun 2020 Executive Officer, Organo Corporation; President (Representative Director), Organo Plant Service Co., Ltd. Jun 2023 Executive Officer, Deputy General Manager, Corporate Management Division and General Manager, Corporate Planning Department, Organo Corporation Jun 2024 Managing Executive Officer, Deputy General Manager, Corporate Management Division and General Manager, Corporate Planning Department, Organo Corporation Jun 2025 Chairman, Organo Technology Ltd. (current) Jun 2026 Director, Managing Executive Officer, General Manager, Plant Division, Organo Corporation (current)
1966-01-09
Daisaku ABE
Outside Director
Apr 1980 Joined The Industrial Bank of Japan, Limited Apr 2007 Executive Officer, Mizuho Corporate Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2009 Managing Executive Officer, Mizuho Financial Group, Inc. Jun 2012 Managing Director and Managing Executive Officer, Mizuho Financial Group, Inc. Apr 2013 Deputy President and Deputy President Executive Officer, Mizuho Financial Group, Inc.; Deputy President Executive Officer, Mizuho Bank, Ltd. and Mizuho Corporate Bank, Ltd.; Managing Executive Officer, Mizuho Securities Co., Ltd. Jun 2014 Executive Vice President, Mizuho Financial Group, Inc. Apr 2019 Deputy Chairman and Executive Officer, Mizuho Financial Group, Inc. Jun 2019 Director (Audit and Supervisory Committee Member), Mizuho Trust & Banking Co., Ltd.; Director (Audit and Supervisory Committee Member), Mizuho Securities Co., Ltd.; Outside Director, Mizuho Leasing Company, Limited Apr 2020 Managing Officer, Mizuho Financial Group, Inc. Jun 2020 Chairman of the Board, Outside Director, Mizuho Leasing Company, Limited Jun 2021 Chairman of the Board, Mizuho Leasing Company, Limited Jun 2022 Senior Advisor, Mizuho Leasing Company, Limited Jun 2022 Outside Director, Nippon Steel Kowa Real Estate Co., Ltd. Jun 2023 Outside Director, Organo Corporation (current) Jun 2024 Outside Director, Nissui Corporation (current)
1957-06-20
Nobuko HANANO
Outside Director
Apr 1991 Joined Nomura Research Institute, Ltd. Oct 2000 Registered as attorney-at-law (Daiichi Tokyo Bar Association) (current) Oct 2000 Joined Kowa Sogo Law Office Oct 2004 Partner, Kowa Sogo Law Office (current) Mar 2019 Outside Audit & Supervisory Board Member, Kanro Inc. (current) Jun 2021 Outside Audit & Supervisory Board Member, Organo Corporation Jun 2023 Outside Director, Organo Corporation (current)
1968-10-06
Masaya OGI
Outside Director
Apr 1983 Joined Tokyo Broadcasting System, Inc. (now TBS Holdings, Inc.) Jun 2018 Director, TBS Holdings, Inc.; Director, TBS Television, Inc. Jun 2020 Managing Director, TBS Holdings, Inc. Jul 2024 Executive Advisor, TBS Holdings, Inc. Jun 2025 Outside Director, Organo Corporation (current) Jul 2025 Advisor, TBS Television, Inc. (current)
1959-06-16
Hirohito KODAMA
Outside Director
Apr 1981 Joined Kagome Co., Ltd. Jun 2006 Executive Officer, General Manager, Corporate Planning Office, Kagome Co., Ltd. Jun 2008 Director, Executive Officer, General Manager, Research Institute, Kagome Co., Ltd. Jun 2011 Director, Managing Executive Officer, General Manager, Research Institute, Kagome Co., Ltd. Apr 2013 Director, Managing Executive Officer, CEO, Asia Business Company, Kagome Co., Ltd. Oct 2015 Director, Managing Executive Officer, General Manager, Preparation Office for Shared Services, Kagome Co., Ltd. Apr 2016 Director, Managing Executive Officer, President (Representative Director), Kagome Axis Co., Ltd. Mar 2018 Outside Audit & Supervisory Board Member, Dynapack Co., Ltd.; Director (Full-time Audit and Supervisory Committee Member), Kagome Co., Ltd. Mar 2020 Outside Director (Audit and Supervisory Committee Member), Dynapack Co., Ltd. (current) Jun 2023 Outside Audit & Supervisory Board Member, Organo Corporation Jun 2026 Outside Director, Organo Corporation (current)
1959-03-22
Yoshihiro TAJITSU
Standing Audit & Supervisory Board Member
Apr 1985 Joined Toyo Soda Manufacturing Co., Ltd. (now Tosoh Corporation) Apr 1995 Management Control Office, Tosoh Corporation Dec 2005 Management Control Office and New System Project Team, Tosoh Corporation Jan 2008 Management Control Office, Tosoh Corporation Jun 2010 Outside Audit & Supervisory Board Member, Plus Tech Co., Ltd.; Outside Audit & Supervisory Board Member, Toho Acetylene Co., Ltd.; Business Planning and Consolidated Management Department, Tosoh Corporation Feb 2013 Secretary General, Audit & Supervisory Board Office, Tosoh Corporation Jun 2019 General Manager, Internal Audit Office, Tosoh Corporation May 2022 Executive Officer, General Manager, Internal Audit Office, Tosoh Corporation Jun 2022 Deputy General Manager, Corporate Management Division, Organo Corporation Jun 2023 Standing Audit & Supervisory Board Member, Organo Corporation (current) Jun 2024 Outside Audit & Supervisory Board Member, Taihei Chemical Products Co., Ltd. (current)
1963-02-25
Naomi KODAMA
Outside Director
Apr 1993 Joined Ministry of International Trade and Industry (now Ministry of Economy, Trade and Industry) Apr 2013 Associate Professor, Institute of Economic Research, Hitotsubashi University Apr 2016 Associate Professor, Hitotsubashi University Graduate School of International and Public Policy Apr 2018 Professor, Faculty of Economics, Nihon University Apr 2021 Professor, Faculty of Economics, Meiji Gakuin University (current) Jun 2024 Outside Director, Organo Corporation (current) Dec 2025 Outside Director, SHOEI Co., Ltd. (current)
1968-01-27
Tatsu HIGUCHI
Outside Audit & Supervisory Board Member
Oct 1993 Joined Tohmatsu & Co. (now Deloitte Touche Tohmatsu LLC) Apr 1997 Registered as certified public accountant (excluding the judicial training period) (current) Oct 2002 Registered as attorney-at-law (Daiichi Tokyo Bar Association) (current) Oct 2002 Joined Seiwa Kyodo Law Office (now Seiwa Meitetsu Law Office) Oct 2007 Partner, Seiwa Kyodo Law Office Jun 2016 Outside Director (Audit and Supervisory Committee Member), Marubeni Kenzai Lease Co., Ltd. (now Maru-Ken Lease Co., Ltd.) (current) Oct 2018 Representative Partner, Otemon Law and Accounting Office (current) Jun 2019 Outside Audit & Supervisory Board Member, Organo Corporation (current) Oct 2019 Executive Officer, Advance Residence Investment Corporation (current) Mar 2022 Auditor, Japan Professional Golf Association (public interest incorporated association)
1970-10-30
Mitsufumi IWAMOTO
Outside Audit & Supervisory Board Member
Apr 1993 Joined the Legislative Bureau, House of Councillors Apr 1999 Registered as attorney-at-law (Daiichi Tokyo Bar Association) (current) Apr 1999 Joined Anzai, Inoue & Togai Law Office (now Anzai Law Office) (current) Apr 2011 Civil Mediation Commissioner, Tokyo Summary Court (current) Sep 2017 Expert Investigator, Cabinet Personnel Bureau, Cabinet Secretariat (current) Jun 2026 Outside Audit & Supervisory Board Member, Organo Corporation (current)
1968-09-14
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-03
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-04
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-04
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-05-19
中期経営計画
FY ending Mar 2025
TDnet
2025-02-05
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-08
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-09
Quarterly Securities Report
EDINET
2022-08-08
Quarterly Securities Report
EDINETAmended
2022-06-30
Amended Annual Securities Report
EDINET
2022-06-29
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
2021-06-29
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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