Overview
Machinery

MAEZAWA KYUSO INDUSTRIES CO.,LTD.

Maezawa Kyuso Kogyo is a leading Japanese manufacturer of water supply equipment and fittings, producing saddle branch valves, stop valves, pipe joints, and related components used to connect public water mains to residential and commercial buildings. The company also manufactures indoor water supply and hot water piping systems, underfloor heating materials, and unit piping systems for residential and building facilities. Its products are adopted by water utility operators nationwide, with the company positioned as a top-tier manufacturer in Japan's water supply device market.

Market Cap
¥31.0B
US$197M
EV
¥15.5B
US$98.6M
Stock¥1,521▼-1.11%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.1
x
LTM EV/EBIT
5.3
x
LTM PER
13.3
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-18.4%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
31.0BUS$197MMarket Cap0.01BUS$0.03M+ Debt9.80BUS$62.5M− Cash5.71BUS$36.4M− Inv. Sec.15.5BUS$98.6MEV
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Performance & Balance
Revenue 5Y (¥B)
28.8US$184M'22/331.0US$198M'23/332.0US$204M'24/332.0US$204M'25/331.7US$202M'26/3
EBITDA 5Y (¥B)
2.76US$17.6M'22/32.82US$18.0M'23/33.14US$20.0M'24/33.71US$23.7M'25/33.49US$22.3M'26/3
Net Income 5Y (¥B)
1.50US$9.55M'22/31.43US$9.14M'23/31.68US$10.7M'24/32.38US$15.2M'25/32.68US$17.1M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
18.1US$115M'22/315.1US$96.1M'23/316.1US$103M'24/315.7US$100M'25/316.5US$105M0.01US$0.03M'26/3
Shareholders
Top 10 hold 40.1%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
8.06%
2
Maezawa Industries,Inc.
6.13%
3
MAEZAWA KASEI INDUSTRIES CO.,LTD.
6.13%
4
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED - HONG KONG PRIVATE BANKING DIVISION CLIENT A/C 8028-394841 (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
5.21%
5
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
3.60%
6
MAEZAWA KYUSO INDUSTRIES CO.,LTD. Employee Stock Ownership Association
2.79%
7
STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)
2.33%
8
The Dai-ichi Life Insurance Company, Limited (Standing Proxy: Custody Bank of Japan, Ltd.)
2.22%
9
Abe Seisakusho Co., Ltd.
1.87%
10
Fujita Seisakusho Co., Ltd.
1.79%
Management
9 officers
Hiroshi SUGIMOTO
Representative Director, President
Apr 1989 Joined the Company Apr 2003 Manager, Hiroshima Sales Office Oct 2010 Executive Officer, General Manager, Chugoku-Shikoku Block, Sales Division Jul 2014 Executive Officer, Branch Manager, Kansai and Chugoku-Shikoku Branch, West Japan Sales Department Oct 2015 General Manager, Business Management Department, Management Administration Division Apr 2017 General Manager, Business Planning Department Jun 2019 Director, in charge of Sales Division; General Manager, Residential Equipment Sales Division Oct 2021 Director, General Manager, Sales Division Jun 2023 Managing Director, General Manager, Sales Division Apr 2025 Representative Director, President (current)
1964-06-15
Yoichiro TANIGUCHI
Managing Director, General Manager, Administration Division
Apr 1986 Joined Kyowa Bank, Ltd. (now Resona Bank, Limited) Apr 2013 General Manager (Branch Manager), Kudanshita Branch, Resona Bank, Limited Apr 2016 Joined Aoki Asunaro Construction Co., Ltd.; General Manager, Sales Department II, Tokyo Building Construction Head Office Sep 2016 Joined the Company Dec 2016 General Manager, Accounting Department Jun 2019 Director, in charge of Administration; General Manager, Administration Control Department and Accounting Department Jun 2020 Director, in charge of Administration; General Manager, Administration Control Department Oct 2021 Director, General Manager, Administration Division Apr 2025 Managing Director, General Manager, Administration Division (current)
1962-08-05
Eiichi AOKI
Director, General Manager, Production Division
Feb 1990 Joined the Company Oct 2010 Manager, Osaka Sales Office Feb 2019 General Manager, Kansai and Chubu Area Division Dec 2019 General Manager, Production Planning Department Oct 2021 Executive Officer, Plant Manager, Fukushima Plant Jun 2023 Director, General Manager, Production Division Apr 2025 Director, General Manager, Production Division and Plant Manager, Fukushima Plant Jan 2026 Director, General Manager, Production Division (current)
1966-09-12
Taisuke MIKADO
Director, General Manager, Sales Division
Apr 1997 Joined the Company Oct 2015 Manager, Shikoku Sales Office Oct 2021 Branch Manager, Sendai Branch Apr 2025 Executive Officer, in charge of East Japan and Equipment Sales Department Jan 2026 Executive Officer, General Manager, Sales Division, in charge of West Japan (current) Jun 2026 Director, General Manager, Sales Division
1973-04-05
Misugi KUMAZAKI
Director
Apr 1978 Joined Kanto-Shinetsu Regional Taxation Bureau Jul 2016 Director, Honjo Tax Office Jul 2019 Director, Kawagoe Tax Office (retired Jul 2020) Aug 2020 Registered as Certified Tax Accountant Aug 2020 Certified Tax Accountant, Misugi Kumazaki Tax Accounting Office (current) Apr 2021 Deputy Chief, Review Division, Kanto-Shinetsu Tax Accountants' Association (current) Jun 2021 Auditor, Seitokukai Social Welfare Corporation (current) Jun 2022 Outside Director, the Company (current) Aug 2022 Outside Audit & Supervisory Board Member, Sigma Koki Co., Ltd. (current)
1959-07-27
Kuniaki TOMITA
Standing Audit & Supervisory Board Member
Apr 1987 Joined the Company Apr 2007 Group Leader, Equipment Group, Special Sales Department Jul 2014 Section Manager, Collective Sales Section, Special Sales Department Apr 2015 Seconded to QSO Industrial Co., Ltd.; Director of the company Oct 2022 Deputy General Manager, Equipment Sales Department Apr 2025 Internal Audit Office Jun 2025 Standing Audit & Supervisory Board Member (current)
1965-03-01
Hidenori SAKURAI
Audit & Supervisory Board Member
Oct 2002 Joined ShinNihon LLC (now EY ShinNihon LLC) Mar 2006 Registered as Certified Public Accountant Aug 2006 Joined AKJ Partners Tax Corporation Apr 2013 Joined Frontier Management Inc. Jul 2014 Representative Director, Ishin Capital Partners Co., Ltd. (current) Jan 2020 Outside Audit & Supervisory Board Member, Banssei Securities Co., Ltd. (current) Jun 2023 Outside Audit & Supervisory Board Member, the Company (current)
1979-06-05
Yasuo IIJIMA
Director
Apr 2000 Registered as Attorney-at-law Apr 2000 Attorney-at-law, Kumanomachi Law Office (current) Apr 2015 Vice President, Dai-Ni Tokyo Bar Association Jun 2015 Non-Staff Auditor (part-time), Palsystem Consumers' Co-operative Union Jun 2020 Outside Director, the Company (current) Jun 2023 Non-Staff Auditor (part-time), Palsystem Mutual Aid Consumers' Co-operative Union (current)
1968-06-11
Hiroki ITO
Audit & Supervisory Board Member
Dec 2007 Registered as Attorney-at-law Dec 2007 Joined Nishimura & Asahi as Attorney-at-law Sep 2013 Joined Iwata Godo Law Office as Attorney-at-law Jan 2016 Partner Attorney, Iwata Godo Law Office (current) Mar 2021 Outside Audit & Supervisory Board Member, Recovery International Co., Ltd. (current) Jun 2023 Outside Audit & Supervisory Board Member, the Company (current)
1981-09-18
Large Shareholding Reports
Maezawa Kogyo Co., Ltd.
2026-06-09
5.81%→11.61%
Annual report (as of 2026-03-31): 6.13%
Maezawa Kogyo Co., Ltd.
2026-06-05
5.81%→5.81%
Annual report (as of 2026-03-31): 6.13%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-06-09
Change Report
EDINET
2026-06-05
Large Shareholding Report
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-10
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-07
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-07
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-05
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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