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Overview

Machinery

Kurita Water Industries Ltd.

Kurita Water Industries is a leading water treatment company providing comprehensive solutions including water treatment chemicals, water treatment equipment manufacturing and sales, and maintenance/service operations. The company serves two primary markets: the Electronics market (ultrapure water systems for semiconductor and display manufacturers) and the General Water Treatment market (industrial water, wastewater, and utility water treatment for a broad range of industries). Kurita's competitive strengths lie in its integrated offering of chemicals, equipment, and long-term service contracts, supported by a global network spanning Asia, the Americas, and Europe.

Market Cap

¥745B

US$4.75B

¥785B

US$5.01B

Stock¥6,889▼-2.35%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

8.4

LTM EV/EBIT

13.4

LTM PER

46.7

LTM PBR

2.2

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-3.4%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Nov 10, 25Activist investor shareholder proposal

2Mar 23, 26Market-wide: US stock decline & rate hike chain

3Aug 7, 26Q1 FY2027/03 earnings announced

MC → EV Bridge

AI Briefing

Generating insights…

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

74%

26%

EquityD/E 0.34xDebt

Liquidity vs Debt 5Y (¥B)▼ Net Debt

CashInv. Sec.Debt

Shareholders

Top 10 hold 40.9%

as of 2026-03-31 · Source: Annual Securities Report

The Master Trust Bank of Japan, Ltd. (Trust Account)

15.70%

Custody Bank of Japan, Ltd. (Trust Account)

7.25%

Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)

5.44%

BANK PICTET & CIE (EUROPE) AG SICAV LUXEMBOURG UCITS (Standing Proxy: MUFG Bank, Ltd.)

3.46%

JP MORGAN BANK LUXEMBOURG S.A. 385598 (Standing Proxy: Mizuho Bank, Ltd., Settlement Operations Department)

1.89%

STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)

1.53%

KBC BANK NV - UCITS CLIENTS NON TREATY (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch, Securities Services Operations)

1.47%

CLEARSTREAM BANKING S.A. (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch, Securities Services Operations)

1.46%

JPMORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd., Settlement Operations Department)

1.44%

MUFG Bank, Ltd.

1.30%

Management

8 officers

Nobukazu KACHI

Director

Please refer to the status of Directors as of Jun 2026 (securities report submission date).

1962-05-04

Hirohiko EJIRI

Director, Representative Executive Officer and President

Please refer to the status of Directors as of Jun 2026 (securities report submission date).

1962-10-06

Kunihiro KUSE

Director, Representative Executive Officer and Managing Executive Officer

Apr 1992 Joined the Company Apr 2013 General Manager, Engineering Division 2, Engineering Department, Plant Production Headquarters Apr 2015 General Manager, Overseas Department, Plant Business Headquarters Apr 2017 General Manager, Production Department, Global Business Headquarters Apr 2018 Executive Officer, the Company Apr 2022 General Manager, Production Department 1, Group Production Headquarters Apr 2023 General Manager, Group Production Headquarters (current) Jun 2023 Executive Officer, the Company Apr 2024 Chief Technology Officer (CTO) (current) Apr 2025 General Manager, Value Engineering Department, Group Production Headquarters Apr 2026 Representative Executive Managing Officer, the Company Jun 2026 Director, the Company (current)

1970-03-20

Masahiro MIYAZAKI

Director

Please refer to the status of Directors as of Jun 2026 (securities report submission date).

1954-04-13

Yoshiko TAKAYAMA

Director

Please refer to the status of Directors as of Jun 2026 (securities report submission date).

1956-08-09

Mie MATSUO

Director

Please refer to the status of Directors as of Jun 2026 (securities report submission date).

1964-10-17

Shigenao ISHIGURO

Director

Jan 1982 Joined Tokyo Denki Kagaku Kogyo Co., Ltd. (currently TDK Corporation) Apr 2002 General Manager, Business Planning, European Sales Department, Recording Media & Solutions Business Group, TDK Jul 2004 Leader, Japan Operations Planning Group, HDD Head Division, Head Business Group, TDK Apr 2007 Leader, Japan Operations, HDD Head Division, Head Business Group, TDK Jun 2014 Executive Officer, TDK Apr 2015 CEO, Magnetic Head & Sensor Business Company, TDK Jun 2015 Managing Executive Officer, TDK Jun 2016 Representative Director, President, TDK Apr 2022 Representative Director, Chairman, TDK Jun 2022 Director, Chairman, TDK; Outside Director, NTT DATA Group Corporation Jun 2023 Outside Director, Ricoh Company, Ltd. (current) Jun 2026 Outside Director, the Company (current)

1957-10-30

Kuniko TORAYAMA

Director

Apr 1993 Joined Mitsubishi Electric Corporation Sep 2000 Joined Squire, Sanders & Dempsey LLP (currently Squire Patton Boggs LLP) Nov 2000 Registered as an attorney (California, U.S.) Jan 2004 Joined Novartis Pharma K.K. Nov 2004 Joined Milbank, Tweed, Hadley & McCloy LLP (currently Milbank LLP) Nov 2005 Joined Squire, Sanders & Dempsey LLP (currently Squire Patton Boggs LLP) Jun 2008 Outside Audit & Supervisory Board Member, Renaissance, Inc. Feb 2010 Joined DIC Corporation Jan 2019 General Manager, Human Resources Strategy Department, DIC Corporation Jan 2022 Executive Officer, General Manager, ESG Division, and Diversity Officer, DIC Corporation Jun 2022 Outside Director, Renaissance, Inc. (scheduled to retire Jun 2026) Aug 2024 Executive Officer, General Manager, ESG Division, General Manager, Sustainability Strategy Department, and Diversity Officer, DIC Corporation (current) Jun 2026 Outside Director, the Company (current)

1970-04-11

Large Shareholding Reports

BlackRock Japan Co., Ltd.

2026-10-05

1.80%→1.62%

Amundi Japan Ltd.

2026-02-20

0.12%→0.10%

Correction filing (name/detail fix only) — ratio carried over from the original filing

KBI Global Investors Limited

2026-02-20

3.37%→2.48%

KBI Global Investors Limited

2026-02-20

3.37%→2.48%

Asset Management One Co., Ltd.

2026-01-22

4.91%

KBI Global Investors Limited

2025-12-04

3.57%→3.37%

Sumitomo Mitsui Trust Asset Management Co., Ltd.

2025-10-21

2.97%

KBI Global Investors Limited

2025-10-07

2.55%→3.57%

Amundi Japan Ltd.

2025-10-07

0.11%→0.12%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Sumitomo Mitsui Trust Asset Management Co., Ltd.

2025-09-19

2.90%→2.86%

Disclosures

No disclosures

Primary Source Filings

EDINET

2026-10-05

Large Shareholding Report

Kurita Water Industries Ltd.

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Kurita Water Industries Ltd.

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