Overview
Machinery

HODEN SEIMITSU KAKO KENKYUSHO CO.,LTD.

Hoden Seimitsu Kako Kenkyusho (HSK) is a precision manufacturing company specializing in electrical discharge machining (EDM), surface treatment, mold fabrication, and press machinery, serving aerospace, aviation, automotive, energy, and industrial sectors. The company provides contract processing of gas turbine and aircraft engine components with proprietary surface coating technologies (including SermeTel® heat/corrosion-resistant coatings and chromium-free anti-rust treatments), as well as aluminum extrusion dies, ceramic honeycomb extrusion dies, and digital servo press systems (ZENFormer series). HSK's competitive strengths lie in its accumulated EDM know-how, ability to machine ultra-hard and difficult-to-cut materials, and its bridging role between customers' R&D and final product commercialization.

Market Cap
¥25.4B
US$162M
EV
¥29.0B
US$185M
Stock¥2,375▼-4.16%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
11.3
x
LTM EV/EBIT
17.1
x
LTM PER
20.9
x
LTM PBR
2.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-4.2%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 18, 26FY2026 results: Revenue +11% YoY, Operating profit +63% YoY, record high
2Jul 8, 26Q1 FY2027/02 earnings announced
MC → EV Bridge
25.4BUS$162MMarket Cap5.93BUS$37.8M+ Debt2.75BUS$17.5M− Cash0.53BUS$3.40M− Inv. Sec.0.99BUS$6.30M+ NCI29.0BUS$185MEV
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Performance & Balance
Revenue 5Y (¥B)
13.0US$82.8M'22/211.7US$74.5M'23/212.2US$77.6M'24/212.9US$82.3M'25/214.3US$91.3M'26/2
EBITDA 5Y (¥B)
1.47US$9.36M'22/20.40US$2.55M'23/20.90US$5.73M'24/21.42US$9.05M'25/21.98US$12.7M'26/2
Net Income 5Y (¥B)
1.41US$9.01M'22/2-1.29-US$8.21M'23/20.23US$1.47M'24/20.58US$3.72M'25/20.82US$5.25M'26/2
Capital Structure
61%
39%
EquityD/E 0.65xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
2.17US$13.8M5.10US$32.5M'22/21.86US$11.9M5.91US$37.7M'23/24.36US$27.8M6.45US$41.2M'24/22.88US$18.4M5.80US$37.0M'25/23.42US$21.8M5.57US$35.5M'26/2
Shareholders
Top 10 hold 62.4%
1
Mitsubishi Heavy Industries,Ltd.
35.10%
2
Tokyo Small and Medium Business Investment & Consultation Co., Ltd.
6.87%
3
Custody Bank of Japan, Ltd.
5.27%
4
HODEN SEIMITSU KAKO KENKYUSHO CO.,LTD. Employee Stock Ownership Association
3.23%
5
Futamura Sanrin Co., Ltd.
2.55%
6
Katsuhiko FUTAMURA
2.27%
7
The Master Trust Bank of Japan, Ltd.
2.26%
8
Kotaro HOSOE
1.69%
9
NGK Corporation
1.68%
10
Futamura Co., Ltd.
1.49%
Management
8 officers
Chikara MURATA
Representative Director, President
Apr 1979 Joined Japax Inc. Apr 1990 Joined the Company Sep 2015 Assumed office as Executive Officer Mar 2018 General Manager, Industrial Mechatronics Business Division May 2019 Assumed office as Director Mar 2023 Special assignment May 2023 Assumed office as Representative Director, President (current)
1956-06-10
Koji TAKIGAWA
Director, Managing Executive Officer, Information Handling Supervisor
Dec 1984 Joined the Company Mar 2014 General Manager, Prime Mover Business Division Sep 2015 Assumed office as Executive Officer May 2017 Assumed office as Director Mar 2023 In charge of Sales and Technology May 2023 Assumed office as Managing Director, in charge of Sales, Technology, and Human Resources & General Affairs May 2024 Assumed office as Director, Managing Executive Officer, Information Handling Supervisor (current)
1964-07-07
Koji TAKAHASHI
Director, Senior Executive Officer, General Manager, Overseas Strategy Department
Apr 1986 Joined Mitsubishi Heavy Industries, Ltd. Oct 2022 Joined the Company Mar 2023 Assumed office as Executive Officer, General Manager, Overseas Strategy Department May 2025 Assumed office as Director, Senior Executive Officer, General Manager, Overseas Strategy Department (current)
1962-04-10
Mariko ITO
Director
Oct 1990 Joined Nihon IBM K.K. Jun 1991 Joined Andersen Consulting Group (now Accenture) Mar 2000 Director, Proud Japan Co., Ltd. Apr 2014 Assumed office as Director and COO, Mirai Works Inc. Jun 2016 Senior Manager, EY Advisory & Consulting Co., Ltd. Jul 2017 Assumed office as Chairperson, Shonan MIRAI General Incorporated Association (current) Jan 2022 Assumed office as Director and COO, Aising Inc. May 2023 Assumed office as Director (current)
1967-07-28
Kotaro HOSOE
Director, Audit and Supervisory Committee Member
Apr 1978 Joined Fuji Photo Film Co., Ltd. Dec 2005 Joined the Company Apr 2008 General Manager, Business Process Reform Promotion Department May 2009 General Manager, Coatings Business Division Oct 2011 General Manager, Technology Development Department May 2013 Assumed office as Director Mar 2017 General Manager, Business Development Department May 2021 Assumed office as Director, Audit and Supervisory Committee Member (current)
1952-06-24
Tomonori SUGO
Director, Audit and Supervisory Committee Member
Oct 2002 Registered as attorney-at-law; member of Tokyo Bar Association (current) Dec 2002 Partner, Arai & Sugo Law Office May 2009 Sugo Law Office (current) May 2023 Assumed office as Director, Audit and Supervisory Committee Member (current)
1968-12-31
Nobuyuki EDA
Director, Audit and Supervisory Committee Member
Dec 2011 Passed Japanese Certified Public Accountant examination Feb 2012 Joined Deloitte Touche Tohmatsu LLC Jul 2016 Registered as Certified Public Accountant Mar 2022 Joined Finport Accounting Group (current) May 2023 Assumed office as Director, Audit and Supervisory Committee Member (current)
1987-07-10
Takahiko YOSHIDA
Director, Audit and Supervisory Committee Member
Apr 1984 Joined Mitsubishi Metal Corporation (now Mitsubishi Materials Corporation) Apr 2008 General Manager, Development Department, Tsukuba Works, Carbide Products Business Division, same company Apr 2014 Senior Executive; General Manager, Direct Sales Division, Sales Headquarters, same company Apr 2017 Seconded to MMC Tooling Co., Ltd. as President May 2022 Retired from Mitsubishi Materials Corporation and MMC Tooling Co., Ltd. Mar 2024 Joined the Company May 2026 Assumed office as Director, Audit and Supervisory Committee Member (current)
1959-04-08
Large Shareholding Reports
Futamura Co., Ltd.
2026-04-24
5.25%→2.69%
Annual report (as of 2026-08-31): 1.49%
Futamura Co., Ltd.
2026-04-13
5.25%
Annual report (as of 2026-08-31): 1.49%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-09
Semi-Annual Securities Report
Period: Mar 2026 – Feb 2027
TDnet
2026-10-06
Q2 Earnings Flash
FY ending Feb 2027
TDnet
2026-07-07
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-05-25
Annual Securities Report
Period: Mar 2025 – Feb 2026
EDINET
2026-04-24
Large Shareholding Report
EDINETAmended
2026-04-13
Change Report
TDnet
2026-01-08
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2025-10-10
Semi-Annual Securities Report
Period: Mar 2025 – Aug 2025
TDnet
2025-07-03
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-23
Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2025-01-14
Q3 Earnings Flash
FY ending Feb 2025
EDINET
2024-10-11
Semi-Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINET
2024-07-11
Quarterly Securities Report
Period: Mar 2024 – May 2024
TDnet
2024-07-02
Q1 Earnings Flash
FY ending Feb 2025
EDINET
2024-05-24
Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINET
2024-01-30
Securities Registration Statement
EDINET
2024-01-12
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-06
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-07
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-05-25
Annual Securities Report
Period: Mar 2022 – Feb 2023
EDINET
2023-01-13
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-07
Quarterly Securities Report
EDINET
2022-07-08
Quarterly Securities Report
EDINET
2022-05-27
Annual Securities Report
EDINET
2022-01-14
Quarterly Securities Report
EDINET
2021-10-08
Quarterly Securities Report
EDINET
2021-07-09
Quarterly Securities Report
EDINET
2021-05-26
Annual Securities Report
EDINETAmended
2021-05-25
Amended Annual Securities Report
EDINET
2021-01-13
Quarterly Securities Report
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