Overview
Machinery

ANEST IWATA Corporation

ANEST IWATA Corporation operates two core business segments: the Air Energy Business, encompassing the manufacture and sale of compressors (primarily screw compressors) and vacuum equipment, and the Coating Business, focused on coating machines and systems (including airbrushes). The company serves industrial customers globally, with domestic sales handled primarily by the parent company and overseas sales through regional subsidiaries. ANEST IWATA differentiates itself through proprietary brand development and a vertically integrated manufacturing base spanning Japan and multiple overseas locations.

Market Cap
¥69.0B
US$440M
EV
¥54.6B
US$348M
Stock¥1,761▼-1.01%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.7
x
LTM EV/EBIT
8.2
x
LTM PER
12.3
x
LTM PBR
1.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-10.0%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
69.0BUS$440MMarket Cap2.75BUS$17.5M+ Debt16.7BUS$107M− Cash6.68BUS$42.6M− Inv. Sec.6.19BUS$39.5M+ NCI54.6BUS$348MEV
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Performance & Balance
Revenue 5Y (¥B)
42.3US$270M'22/348.5US$309M'23/353.4US$341M'24/354.4US$347M'25/355.9US$357M'26/3
EBITDA 5Y (¥B)
6.29US$40.1M'22/37.63US$48.6M'23/38.19US$52.2M'24/38.20US$52.3M'25/37.86US$50.1M'26/3
Net Income 5Y (¥B)
3.54US$22.6M'22/34.38US$27.9M'23/34.93US$31.4M'24/34.28US$27.3M'25/35.36US$34.2M'26/3
Capital Structure
95%
EquityD/E 0.05xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
18.8US$120M2.42US$15.4M'22/320.0US$127M2.67US$17.0M'23/323.2US$148M3.07US$19.6M'24/324.5US$156M2.87US$18.3M'25/325.9US$165M2.74US$17.5M'26/3
Shareholders
Top 10 hold 45.0%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
12.40%
2
The Dai-ichi Life Insurance Company, Limited
5.70%
3
ANEST IWATA Corporation Stock Ownership Association
5.30%
4
ANEST IWATA Corporation Stock Ownership Association
5.00%
5
Custody Bank of Japan, Ltd. (Trust Account)
4.20%
6
Meiji Yasuda Life Insurance Company
3.80%
7
NORTHERN TRUST CO.(AVFC) RE UKUC UCITS CLIENTS NON LENDING 10PCT TREATY ACCOUNT (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
2.60%
8
ANEST IWATA Corporation Employee Stock Ownership Association
2.20%
9
Kazuya IWATA
2.00%
10
JAPAN ABSOLUTE VALUE FUND (Standing Proxy: Tachibana Securities Co., Ltd.)
1.80%
Management
9 officers
Eisuke MIYOSHI
Representative Director, President and Executive Officer, CEO
Apr 1993 Joined the Company Apr 2012 Representative Director, President, ANEST IWATA Coating Service Co., Ltd. Apr 2014 Representative Director, President, ANEST IWATA Coating Solutions Co., Ltd. Apr 2016 Executive Officer of the Company Jan 2018 General Manager, Coating Marketing Division of the Company Apr 2019 Deputy General Manager, Management Administration Division, and General Manager, Human Resources & General Affairs Department of the Company Jan 2020 General Manager, Management Administration Division, and General Manager, Human Resources & General Affairs Department of the Company Aug 2020 General Manager, Management Administration Division, General Manager, Human Resources & General Affairs Department, and General Manager, Accounting Department of the Company Apr 2021 Managing Executive Officer, General Manager, Management Administration Division, and General Manager, Accounting Department of the Company Apr 2023 Managing Executive Officer, General Manager, Management Administration Division of the Company Jun 2023 Director of the Company Apr 2024 Managing Executive Officer, General Manager, Management Administration Division of the Company Apr 2025 Representative Director, President and Executive Officer of the Company Apr 2026 Representative Director, President and Executive Officer, CEO of the Company (current)
1970-04-22
Kenichi OSAWA
Director, Senior Managing Executive Officer, CTO, General Manager, Development & Engineering Division
Apr 1990 Joined the Company Jan 2010 General Manager, ANEST IWATA Industrial Machinery (Shanghai) Co., Ltd. Jun 2012 General Manager, ANEST IWATA (Shanghai) Trading Co., Ltd. Apr 2014 General Manager, Hydraulic Equipment Department of the Company Apr 2015 Executive Officer of the Company Jan 2018 General Manager, Coating Development Department of the Company May 2019 Senior Executive Officer, in charge of East Asian Market of the Company Jan 2020 Assistant General Manager, Coating Business Division of the Company Apr 2020 Senior Managing Executive Officer, General Manager, Coating Business Division of the Company Jun 2020 Director of the Company (current) Apr 2025 Senior Managing Executive Officer, General Manager, Sales Division of the Company Apr 2026 Senior Managing Executive Officer, CTO, General Manager, Development & Engineering Division of the Company (current)
1970-01-19
Hitoshi IWATA
Director, Managing Executive Officer, CSO, General Manager, Business Strategy Division
Apr 1991 Joined Mitsubishi Heavy Industries, Ltd. Apr 1995 Resigned from Mitsubishi Heavy Industries, Ltd. Jul 1998 Joined the Company Apr 2010 Representative Director, ANEST IWATA Campbell Co., Ltd. Oct 2017 General Manager, Human Resources & General Affairs Department, Management Administration Division of the Company Apr 2019 President, ANEST IWATA Air Engineering, Inc. Apr 2020 General Manager, Vacuum Equipment Department of the Company; President, ANEST IWATA Air Engineering, Inc. Apr 2021 Executive Officer of the Company Apr 2022 Managing Executive Officer, General Manager, Air Energy Business Division of the Company Apr 2024 Managing Executive Officer, General Manager, Management Administration Division of the Company Apr 2025 Managing Executive Officer, General Manager, Management Administration Division and General Manager, Corporate Planning Department of the Company Jun 2025 Director of the Company (current) Apr 2026 Managing Executive Officer, CSO, General Manager, Business Strategy Division of the Company (current)
1969-03-29
Makoto SHIMAMOTO
Outside Director
Apr 1983 Joined Yamaha Motor Co., Ltd. Jan 2007 General Manager, Engine Design Department, Product Development Division, MC (Motorcycle) Business Unit, Yamaha Motor Co., Ltd. Jan 2010 General Manager, Cost Innovation Division, Procurement Division, Yamaha Motor Co., Ltd. Jan 2012 President, Yamaha Motor Asian Center Co., Ltd. Jan 2014 General Manager, PF (Platform) Vehicle Development Division, PF Vehicle Unit, Yamaha Motor Co., Ltd. Mar 2014 Executive Officer, Yamaha Motor Co., Ltd. Jan 2015 Head of PF Vehicle Unit and General Manager, PF Vehicle Development Division, Yamaha Motor Co., Ltd. Mar 2015 Senior Executive Officer, Yamaha Motor Co., Ltd. Jan 2017 General Manager, Technology Division and Head of PF Vehicle Unit, Yamaha Motor Co., Ltd. Mar 2017 Director, Senior Executive Officer, Yamaha Motor Co., Ltd. Jan 2018 General Manager, Mobility Technology Division, Yamaha Motor Co., Ltd. Jan 2020 General Manager, Mobility Technology Division and General Manager, Advanced Technology Division, Yamaha Motor Co., Ltd. Jan 2021 Technical Advisor, Yamaha Motor Co., Ltd. Mar 2022 Advisor, Yamaha Motor Co., Ltd. Jun 2023 Outside Director of the Company (current) Jun 2026 Outside Director, UACJ Corporation (scheduled)
1960-08-19
Takahiro KANAYAMA
Outside Director
Apr 1986 Joined Sumitomo Metal Mining Co., Ltd. Oct 2015 General Manager, Human Resources Department, Sumitomo Metal Mining Co., Ltd. Jun 2017 Executive Officer, General Manager, Besshi Works, Sumitomo Metal Mining Co., Ltd. Jun 2020 Executive Officer, General Manager, Human Resources Department, Sumitomo Metal Mining Co., Ltd. Jun 2021 Director, Managing Executive Officer, Sumitomo Metal Mining Co., Ltd. Jun 2024 Advisor, Sumitomo Metal Mining Co., Ltd. (current) Jun 2025 Outside Director of the Company (current)
1963-01-23
Katsumi TAKEDA
Director (Full-time) and Audit and Supervisory Committee Member
Apr 1989 Joined the Company Apr 2008 General Manager, Painting Machinery Department of the Company Apr 2011 General Manager, Hydraulic Equipment Department of the Company Apr 2014 General Manager, Coating Systems Department of the Company Apr 2016 Executive Officer, General Manager, Coating Systems Department, Coating Business Division of the Company Apr 2020 Managing Executive Officer, General Manager, Coating Systems Department, Coating Business Division of the Company Apr 2021 Managing Executive Officer, General Manager, Domestic Sales Division and General Manager, Partner Alliance Department of the Company Apr 2022 Managing Executive Officer, General Manager, Sales Division of the Company Jun 2022 Director of the Company Apr 2024 Managing Executive Officer, Special Assignment, of the Company Jun 2024 Director (Full-time), Audit and Supervisory Committee Member, of the Company (current)
1967-03-28
Reiko OHASHI
Director, Audit and Supervisory Committee Member
Oct 1991 Joined Century Audit Corporation (now EY ShinNihon LLC) Mar 1995 Registered as Certified Public Accountant Jul 2009 Principal, Ohashi CPA Office (current) Jun 2014 Representative Partner, Yakumo Audit Corporation (current) Oct 2015 Auditor, Japan Sport Council (current) Sep 2020 Auditor, Tokyo University of Agriculture and Technology Jun 2021 Outside Director of the Company Jun 2022 Outside Director, Audit and Supervisory Committee Member of the Company (current) Jun 2025 Outside Director, NET RESOURCE MANAGEMENT Co., Ltd. (current)
1962-07-31
Hiroko SHIRAI
Director, Audit and Supervisory Committee Member
Apr 1986 Registered as attorney-at-law, Tokyo Bar Association (current) Apr 1991 Opened Wing Law Office, Partner Apr 2004 Director, Kanto Federation of Bar Associations Apr 2005 Member of Appraisal Committee and Mediation Committee, Tokyo District Court May 2009 Chairperson, Board of Education, Shinjuku Ward, Tokyo Apr 2010 Auditor, Japan Federation of Bar Associations Apr 2011 Auditor, Japan Intellectual Property Arbitration Center Apr 2012 Vice President, Tokyo Bar Association Oct 2013 Chairperson, Board of Education, Shinjuku Ward, Tokyo Jun 2015 Outside Director, Seika Sangyo Co., Ltd. Apr 2016 Audit Committee Member, Shinjuku Ward, Tokyo Jun 2021 Outside Director of the Company Jun 2022 Outside Director, Audit and Supervisory Committee Member, Seika Sangyo Co., Ltd. Jun 2024 Outside Director, Audit and Supervisory Committee Member of the Company (current)
1954-02-11
Kazuhisa FUJITA
Outside Director, Audit and Supervisory Committee Member
Apr 1985 Joined Mitsubishi Corporation Aug 1992 Worked at Clifford Chance, London Jul 2010 General Manager, Legal Division, Mitsubishi Corporation Apr 2014 Chairman, Arbitration Committee, Japan Commission, International Chamber of Commerce Apr 2016 Director and General Manager, Internal Audit Division, Mitsubishi Corporation Jun 2017 Director, Japan Institute of Internal Auditors Apr 2022 Senior Advisor, Risk Management Division, Hitachi, Ltd. (current) Apr 2024 Visiting Professor, Hosei University Law School (current) Feb 2025 Advisor, Kawakin Holdings Co., Ltd. (current) Jun 2026 Outside Director, Audit and Supervisory Committee Member of the Company
1962-11-11
Large Shareholding Reports
Dai-ichi Life Insurance Company, Limited
2026-10-06
5.45%→4.01%
Annual report (as of 2026-03-31): 5.70%
Mitsubishi UFJ Trust and Banking Corporation
2025-12-01
3.14%→3.01%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-06
Large Shareholding Report
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-01
Large Shareholding Report
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Sep 2025
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-02-10
Securities Registration Statement
TDnet
2025-02-10
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Sep 2024
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
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
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINETAmended
2022-07-15
Amended Annual Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINETAmended
2021-12-10
Amended Annual Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINETAmended
2021-04-13
Amended Annual Securities Report
EDINETAmended
2021-04-13
Amended Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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