Overview
Machinery

TSUBAKI NAKASHIMA CO.,LTD.

Tsubaki Nakashima is a global leader in precision component manufacturing, producing over 20,000 types of high-quality precision steel, ceramic, and plastic balls, precision rollers, plastic injection-molded parts, and industrial blowers. The company serves OEM manufacturers and key suppliers across automotive, aerospace & defense, industrial machinery, energy, and medical industries, delivering superior accuracy, durability, and reliability. With operations spanning Asia, Europe, and North America, the Precision Component Business accounts for approximately 98.9% of consolidated revenues.

Market Cap
¥11.3B
US$71.9M
EV
¥70.4B
US$448M
Stock¥295▼-0.67%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
0.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-51.1%pt
1001
Oct 23, 25 – Oct 23, 26StockTOPIX
1Aug 12, 26Q2 (Apr-Jun) earnings: Sharp profit decline due to structural reform costs, stock plunges
MC → EV Bridge
11.3BUS$71.9MMarket Cap94.1BUS$599M+ Debt35.0BUS$223M− Cash0.04BUS$0.28M− Inv. Sec.70.4BUS$448MEV
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Performance & Balance
Revenue 5Y (¥B)
67.9US$433M'21/1279.0US$503M'22/1280.3US$512M'23/1275.9US$483M'24/1269.8US$445M'25/12
EBITDA 5Y (¥B)
9.22US$58.7M'21/12-5.41-US$34.4M'22/124.04US$25.7M'23/124.07US$25.9M'24/12-18.5-US$118M'25/12
Net Income 5Y (¥B)
3.55US$22.6M'21/12-9.09-US$57.9M'22/12-1.29-US$8.19M'23/120.86US$5.44M'24/12-27.2-US$173M'25/12
Capital Structure
29%
71%
EquityD/E 2.41xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
32.5US$207M84.0US$535M'21/1224.1US$154M88.0US$560M'22/1223.0US$146M90.4US$575M'23/1223.1US$147M92.7US$590M'24/1234.6US$221M92.8US$591M'25/12
Shareholders
Top 10 hold 32.1%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
10.72%
2
BBH CO FOR ARCUS JAPAN VALUE FUND (Standing Proxy: MUFG Bank, Ltd.)
4.24%
3
UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT (Standing Proxy: Citibank, N.A., Tokyo Branch)
3.76%
4
Tatsuya AOKI
2.72%
5
日本マスタートラスト信託銀行株式会社(株式付与ESOP信託口・80189口)
2.24%
6
Custody Bank of Japan, Ltd. (Trust Account)
2.15%
7
日本マスタートラスト信託銀行株式会社(役員報酬BIP信託口・76206口)
1.79%
8
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
1.68%
9
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
1.45%
10
Hideo SUZUKI
1.37%
Management
7 officers
Toru MATSUYAMA
Director
Apr 2001 Joined Boston Consulting Group, Inc. Jul 2009 Regional Business Director, DuPont de Nemours, Inc. Aug 2017 Director, KKR & Co. Inc. Jun 2021 Partner & Director, Boston Consulting Group, Inc. May 2024 Executive Officer, the Company Jul 2024 Representative Executive Officer, President and CEO, the Company Mar 2025 Director, Representative Executive Officer, CEO, the Company (current)
1979-01-24
Yoichi UEDA
Director
Apr 2001 Joined Deloitte Tohmatsu Consulting Co., Ltd. (now ABeam Consulting Ltd.) Dec 2003 Joined SoftBank BB Corp. (now SoftBank Corp.) Aug 2009 Joined Janssen Pharmaceutical K.K. (Johnson & Johnson Group) Sep 2019 Finance Director (Singapore), same company Apr 2023 Director, Operations Finance, Toshiba Carrier Corporation (now Nihon Carrier Co., Ltd.) Oct 2024 Executive Vice President, Executive Officer and CFO, the Company Mar 2025 Director, Executive Officer and CFO, the Company (current)
1978-04-15
Anna DOLGIEV
Director
Oct 1996 Joined National Aeronautics and Space Administration Jan 1998 Joined Boeing Operations International Mar 2000 Joined RRC Telecommunications Oct 2000 Joined British American Tobacco p.l.c. Jul 2007 HR Director, British American Tobacco Malaysia p.l.c. Nov 2008 Executive HR Director, Republic of Korea, British American Tobacco p.l.c. Oct 2011 Group Talent Development and Organization Development Manager / Group Talent Manager, British American Tobacco p.l.c. Aug 2014 Head of HR, Eastern Europe, Africa and Middle East, British American Tobacco p.l.c. Jan 2018 Head of HR, Asia Pacific and Middle East, British American Tobacco p.l.c. Apr 2019 Head of Talent & Organization Development Group, British American Tobacco p.l.c. Sep 2020 Senior Vice President and Chief HR & Inclusion Officer, Reynolds American Inc. Sep 2024 Executive Officer and CHRO, the Company Mar 2025 Director, Executive Officer and CHRO, the Company (current)
1975-01-25
Noboru YAMAMOTO
Director
Apr 1986 Joined Mazda Motor Corporation May 1989 Joined Daiwa Securities Co., Ltd. Feb 2002 Managing Director, PwC FAS Apr 2003 Managing Director, Lazard Freres K.K. Oct 2006 Managing Director, Nikko Citigroup Securities Ltd. (now Citigroup Securities Japan Co., Ltd.) Oct 2011 Head of Joint Investment Banking, BNP Paribas Jun 2016 Director, Hitachi Koki Co., Ltd. (now Koki Holdings Co., Ltd.) (current) Sep 2016 Representative Director, Representative Partner and CEO, XIB Capital Partners K.K. (now XIB K.K.) (current) Mar 2018 Director, the Company (current) Mar 2018 Auditor, Renesas Electronics Corporation Mar 2021 Director, Renesas Electronics Corporation (current) Jan 2023 Senior Advisor, Bain & Company Japan, Inc. (current) Mar 2024 Director, Marelli Holdings Co., Ltd. (current)
1962-11-21
Yuri KATO
Director
Apr 1997 Joined Nippon Steel Corporation (now Nippon Steel Corporation) Jul 1999 Joined Accenture Jan 2006 Finance Manager, Wm. Wrigley Jr. Company (now Mars, Incorporated) Oct 2012 Senior Finance Director, Ralph Lauren Feb 2015 Finance Director, Microsoft Aug 2018 Director and CFO, Janssen Pharmaceutical K.K. (Johnson & Johnson Group) Jun 2021 Director and Asia Pacific CFO, Johnson & Johnson Innovative Medicine Mar 2025 Director, the Company (current) Jul 2025 Executive Officer, Senior Vice President and CSO, Panasonic Connect Co., Ltd. (current)
1973-04-15
D. Michael WILSON
Director
Jun 1984 Joined Rexam Inc. (now Ball Corporation) Jun 1988 Joined Laminex, Inc. (subsidiary of Rexam Inc.) Jun 1991 Vice President and General Manager, Laminex, Inc. Aug 1993 Vice President, Marketing & Sales, Rexam Release, Inc. (now Loparex BV) Mar 1996 Corporate Vice President and General Manager, Rhinelander Paper Company (subsidiary of Wausau Papers Corporation, now Essity AB) Nov 1997 Division Manager, FMC Lithium, FMC Corporation Aug 2003 Corporate Vice President and General Manager, Industrial Chemicals Group, FMC Corporation Jan 2011 President, Specialty Chemicals Group, FMC Corporation Oct 2013 Senior Vice President and President, Catalyst Solutions, Albemarle Corporation Jan 2015 Executive Vice President and President, Performance Chemicals, Albemarle Corporation Sep 2015 President, CEO and Director, Ingevity Corporation Nov 2020 President, CEO and Director, Prince International Corporation (now Vibrantz Technologies Inc.) Apr 2022 President, CEO and Director, Vibrantz Technologies Inc. Mar 2026 Director, the Company (current)
1962-05-28
David EVANS
Director
May 1991 Joined NCR – AT&T GmbH (now NCR Voyix Corporation) Feb 1994 Joined Booz Allen & Hamilton (now Strategy&) May 2004 Joined TRW Automotive GmbH (now ZF Friedrichshafen AG) Jan 2007 General Manager, TRW Automotive GmbH Feb 2012 International President, SMW Automotive (now Linamar Corporation) Feb 2013 President, Saradan Industries Mar 2015 President and CEO, Oerlikon Drive Systems (now Dana Incorporated) Dec 2019 President and CEO, Kauffman Engineering, Inc. Jan 2022 President and CEO, DEUTZ Corporation (current) Aug 2024 CEO, DEUTZ Energy, DEUTZ AG Jan 2026 Executive Vice President and CEO, Business Unit Energy, DEUTZ AG (current) Mar 2026 Director, the Company (current)
1966-10-12
Large Shareholding Reports
Arcus Investment Limited
2025-10-21
5.03%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-10
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-10
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-05-13
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-25
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-11
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-10-21
Large Shareholding Report
EDINET
2025-08-13
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnetAmended
2025-05-16
Q1 Earnings Flash
TDnet
2025-05-13
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-26
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-13
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-25
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-27
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-25
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-26
Annual Securities Report
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