Overview
Machinery

PILLAR Corporation

PILLAR Corporation is a manufacturer of fluid control equipment, designing, developing, and producing products that control fluids such as water, oil, hazardous chemicals, and gases. Its core product lines include Pilaflone (fluororesin) products, mechanical seals, gland packings, and gaskets, serving a broad range of industries including semiconductors/LCD, power generation, oil & gas, automotive, chemicals, shipbuilding, food, and pharmaceuticals. The company leverages proprietary sealing and materials technologies to address advanced application needs, including semiconductor fabrication equipment, seismic isolation devices, and millimeter-wave radar antennas.

Market Cap
¥223B
US$1.42B
EV
¥203B
US$1.29B
Stock¥9,770▼-2.59%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
11.4
x
LTM EV/EBIT
14.1
x
LTM PER
21.0
x
LTM PBR
2.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+74.7%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 7, 26Q1 FY2027/03 earnings announced
2Oct 15, 26US CPI surprise & CoreWeave bond crash trigger semiconductor selloff (SOX -4.3%)
MC → EV Bridge
223BUS$1.42BMarket Cap12.1BUS$76.8M+ Debt22.2BUS$142M− Cash10.7BUS$68.0M− Inv. Sec.203BUS$1.29BEV
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Performance & Balance
Revenue 5Y (¥B)
40.7US$259M'22/348.7US$311M'23/358.6US$374M'24/358.0US$370M'25/359.5US$379M'26/3
EBITDA 5Y (¥B)
13.4US$85.4M'22/315.8US$101M'23/316.9US$108M'24/314.7US$93.6M'25/315.5US$98.9M'26/3
Net Income 5Y (¥B)
8.29US$52.8M'22/310.4US$66.5M'23/310.8US$68.8M'24/38.30US$52.9M'25/38.94US$57.0M'26/3
Capital Structure
87%
EquityD/E 0.14xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
26.7US$170M0.35US$2.23M'22/328.2US$180M1.35US$8.61M'23/326.9US$172M12.1US$77.3M'24/328.1US$179M12.3US$78.7M'25/333.2US$212M12.1US$77.3M'26/3
Shareholders
Top 10 hold 46.9%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
12.86%
2
Custody Bank of Japan, Ltd. (Trust Account)
7.07%
3
PILLAR Business Partners' Stock Ownership Association
5.47%
4
Rockwave Ltd.
4.46%
5
Kiyohisa IWANAMI
3.32%
6
Meiji Yasuda Life Insurance Company (Standing Proxy: Custody Bank of Japan, Ltd.)
3.06%
7
Sumitomo Mitsui Banking Corporation
3.03%
8
CEPLUX-THE INDEPENDENT UCITS PLATFORM 2 (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.74%
9
Mizuho Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
2.59%
10
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
2.26%
Management
9 officers
Kiyohisa IWANAMI
Representative Director, Chairman
Aug 1978 Joined the Company Director of the Company Feb 1985 Managing Director of the Company Aug 1987 Vice President and Director of the Company Jun 1989 Representative Director, President of the Company Jun 2007 President Executive Officer of the Company Jun 2020 Representative Director, Chairman of the Company (current) Dec 2025 Outside Director, Hosokawa Micron Corporation (current)
1948-12-14
Yoshinobu IWANAMI
Representative Director, President, President Executive Officer
Jun 2010 Joined the Company Executive Officer of the Company Jun 2012 Director of the Company Mar 2013 Deputy General Manager, Production Division of the Company Mar 2014 General Manager, Global Business Promotion Department, Sales Division of the Company Jun 2014 Managing Executive Officer of the Company Jun 2018 Senior Managing Executive Officer of the Company; General Manager, Sales Division of the Company Jun 2020 Representative Director, President of the Company (current); President Executive Officer of the Company (current)
1979-09-05
Katsuhiko SHUKUNAMI
Director, Executive Vice President Executive Officer, in charge of Corporate Division
May 2014 Joined the Company; General Manager, Corporate Planning Department of the Company Jun 2014 Director of the Company (current); Executive Officer of the Company Jun 2016 Managing Executive Officer of the Company Mar 2017 General Manager, Security Trade Control Office of the Company; General Manager, Information Systems Department of the Company Jun 2018 General Manager, Administration Division of the Company Jun 2020 Senior Managing Executive Officer of the Company Apr 2025 Executive Vice President Executive Officer of the Company (current) Apr 2026 In charge of Corporate Division of the Company (current)
1959-05-27
Masato WADA
Director, Senior Managing Executive Officer, in charge of Technology Development and Quality Assurance; General Manager, Mita Plant
Apr 1989 Joined the Company Mar 2015 General Manager, Mita Technical Department, Technology Division of the Company Jun 2018 Executive Officer of the Company; General Manager, Sales Department No. 2, Sales Division of the Company Apr 2020 General Manager, Technology Division of the Company Apr 2023 Managing Executive Officer of the Company; Representative Director, President, Tanken Seal Seiko Co., Ltd. Apr 2025 Senior Managing Executive Officer of the Company (current); in charge of Technology Development and Quality Assurance of the Company (current); General Manager, Mita Plant of the Company (current) Jun 2025 Director of the Company (current)
1965-01-30
Yoshinobu SUZUKI
Director
Apr 1975 Joined Tateishi Electronics Co., Ltd. (now OMRON Corporation) Jun 2003 Executive Officer, OMRON Corporation Jun 2006 Managing Executive Officer, OMRON Corporation Apr 2013 Senior Managing Executive Officer, OMRON Corporation Jun 2013 Senior Managing Director, CFO, OMRON Corporation Apr 2014 Visiting Professor, Graduate School of Business, Doshisha University Jun 2014 Representative Director, Executive Vice President, CFO, OMRON Corporation Jun 2019 Director of the Company (current)
1952-04-27
Haruhiko MAKI
Director
Apr 1982 Joined Kanegafuchi Chemical Industry Co., Ltd. (now Kaneka Corporation) Nov 2008 Plant Manager, Shiga Plant, Kaneka Corporation Apr 2013 Executive Officer, General Manager, Electronic Materials Business Division, Kaneka Corporation Mar 2016 Executive Officer, Plant Manager, Shiga Plant, Kaneka Corporation Apr 2020 Managing Executive Officer, Plant Manager, Shiga Plant, Kaneka Corporation Apr 2022 Advisor, Shiga Plant, Kaneka Corporation Oct 2023 Representative Director, Maki Co., Ltd. (current) Jun 2024 Outside Director, E-Thermogentech Co., Ltd. (current) Jun 2025 Director of the Company (current)
1958-03-21
Tomonobu YOSHIDA
Director (Full-time Audit and Supervisory Committee Member)
Aug 2014 Joined the Company Apr 2018 General Manager, Fukuchiyama Production Department of the Company Apr 2021 General Manager, Internal Audit Office of the Company Apr 2024 Department Manager in charge, General Affairs and Human Resources Department of the Company Jun 2024 Director (Full-time Audit and Supervisory Committee Member) of the Company (current)
1961-10-19
Kazumitsu TAKAYA
Director (Audit and Supervisory Committee Member)
Mar 1989 Registered as Certified Public Accountant Aug 1992 Registered as Certified Tax Accountant Mar 2004 Opened Takaya Certified Public Accountant Office Dec 2004 Senior Partner, Nexus Audit Corporation (current) Jun 2016 Outside Director (Audit and Supervisory Committee Member), Hirano Tecseed Co., Ltd. Jun 2019 Director (Audit and Supervisory Committee Member) of the Company (current)
1958-12-01
Kyoko KOBAYASHI
Director (Audit and Supervisory Committee Member)
Apr 1999 Registered as Attorney; joined Irokawa Law Office Apr 2009 Seconded to Legal Department, Sharp Corporation Sep 2014 Returned to Irokawa Law Office Jan 2018 Partner, Irokawa Law Office Feb 2018 Outside Auditor, Kawakami Paint Mfg. Co., Ltd. Jan 2020 Partner, Irokawa Law Office Jun 2020 Outside Director, Mitsubishi Logisnext Co., Ltd. (now Logisnext Co., Ltd.) Jun 2021 Director (Audit and Supervisory Committee Member) of the Company (current) Jan 2025 Attorney, Irokawa Law Office (current)
1972-07-22
Large Shareholding Reports
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2026-10-21
2.05%→1.95%
Amova Asset Management Co., Ltd.
2026-04-21
3.27%→2.68%
Mizuho Bank, Ltd.
2026-04-07
2.37%
Amova Asset Management Co., Ltd.
2025-09-19
2.80%→3.27%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-21
Large Shareholding Report
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-18
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-04-21
Large Shareholding Report
EDINET
2026-04-07
Large Shareholding Report
TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-06
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-19
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-06
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-06
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-06-26
Amended Securities Registration Statement
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2024-06-25
Amended Securities Registration Statement
EDINET
2024-05-13
Securities Registration Statement
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-22
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
2022-08-10
Quarterly Securities Report
EDINET
2022-06-23
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-24
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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