Overview
Electric Appliances

OXIDE Corporation

Oxide Corporation develops, manufactures, and sells optical-related products including single crystals, optical components (photonic devices), laser light sources, and optical measurement instruments, primarily targeting measurement equipment manufacturers and optical product manufacturers. The company's key products include scintillator single crystals used in PET cancer diagnostic equipment, laser sources for silicon wafer quality inspection in semiconductor manufacturing, and wavelength conversion components for quantum and industrial applications. Oxide pursues a global niche-top strategy in single crystals and lasers, leveraging multiple proprietary crystal growth technologies (FZ, CZ, VB, TSSG, KY, EFG, and flux methods) and a research-intensive workforce where 23% of technical staff hold doctoral or master's degrees.

Market Cap
¥33.2B
US$212M
EV
¥38.4B
US$245M
Stock¥2,860▼-3.08%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
18.0
x
LTM EV/EBIT
28.0
x
LTM PER
109.6
x
LTM PBR
6.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+30.1%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jul 14, 26Q1 FY2027/02 earnings announced
2Oct 15, 26Q2 FY2027/02 earnings announced
MC → EV Bridge
33.2BUS$212MMarket Cap7.10BUS$45.3M+ Debt1.92BUS$12.3M− Cash0.00BUS$0.00M− Inv. Sec.38.4BUS$245MEV
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Performance & Balance
Revenue 5Y (¥B)
4.76US$30.3M'22/25.75US$36.7M'23/26.61US$42.1M'24/28.39US$53.5M'25/210.0US$64.0M'26/2
EBITDA 5Y (¥B)
0.86US$5.52M'22/20.89US$5.70M'23/2-0.27-US$1.70M'24/20.94US$6.01M'25/21.43US$9.10M'26/2
Net Income 5Y (¥B)
0.50US$3.16M'22/20.56US$3.55M'23/2-0.42-US$2.69M'24/2-2.70-US$17.2M'25/2-0.54-US$3.43M'26/2
Capital Structure
43%
57%
EquityD/E 1.33xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
2.15US$13.7M2.61US$16.6M'22/21.51US$9.60M3.52US$22.5M'23/21.63US$10.4M9.20US$58.7M'24/22.25US$14.3M10.4US$66.1M'25/22.29US$14.6M7.58US$48.3M'26/2
Shareholders
Top 10 hold 40.1%
1
KLA-Tencor K.K.
8.17%
2
Yasunori FURUKAWA
7.69%
3
NTT Advanced Technology Corporation
5.76%
4
NTT FINANCE CORPORATION
4.30%
5
KLA-TENCOR(SINGAPORE)PTE,LTD
3.52%
6
NOMURA INTERNATIONAL PLC A/C JAPAN FLOW
2.53%
7
KT VENTURE GROUP II,L.L.C.
2.16%
8
NIKON CORPORATION
2.15%
9
Lasertec Corporation
2.15%
10
The Yamanashi Chuo Bank,Ltd.
1.72%
Management
10 officers
Yasunori FURUKAWA
Representative Director, CEO
Apr 1983 Joined Hitachi Metals, Ltd. (current name: Proterial, Ltd.) Jun 1992 Visiting Researcher, Applied Physics Research Institute, Stanford University Apr 1996 Joined National Institute for Materials Science (formerly Independent Administrative Institution National Institute for Materials Science) Oct 2000 Founded the Company; Representative Director, President Mar 2023 Chairman, Raicol Crystals Ltd. May 2024 Representative Director, Chairman of the Company Dec 2024 Representative Director, President, Oxide Power Crystal Co., Ltd. (current) May 2026 Representative Director, CEO of the Company (current)
1959-09-12
Masayuki YAMAMOTO
Representative Director, COO
Apr 1990 Joined Shoko Chukin Bank, Ltd. Dec 2007 Director and Vice President of the Company May 2024 Representative Director, President of the Company May 2026 Representative Director, COO of the Company (current)
1967-06-07
Kazuo FUJIURA
Director, CTO
Apr 1985 Joined Nippon Telegraph and Telephone Corporation (current name: NTT, Inc.) Sep 1996 Visiting Researcher, Applied Physics Research Institute, Stanford University Jul 2010 Director, Nippon Telegraph and Telephone Corporation Jul 2012 Joined NTT Advanced Technology Corporation Dec 2017 Director of the Company May 2024 Vice President and Director of the Company May 2026 Director, CTO of the Company (current)
1960-04-29
Seiji UCHIDA
Director, CSO
May 2004 Joined Daiwa Securities SMBC Co. Ltd. (current name: Daiwa Securities Co. Ltd.) Jun 2006 Joined Deutsche Securities Inc. Sep 2011 Joined Citigroup Securities Co., Ltd. Oct 2014 Joined Citigroup Global Markets Asia Limited Jul 2017 General Manager, IPO Preparation Office, the Company May 2021 Director of the Company Mar 2023 CSO, Raicol Crystals Ltd. Apr 2026 Outside Director, Kishun Co., Ltd. (current) May 2026 Director, CSO of the Company (current)
1979-09-10
Takashi YOSHIDA
Full-time Corporate Auditor
Mar 1991 Joined Kosai Kogei Co., Ltd. (current name: Kosai Co., Ltd.) Apr 2010 Managing Director, Kosai Kogei Co., Ltd. Dec 2018 Joined the Company Jun 2021 General Manager, Administration Division, the Company May 2024 Full-time Corporate Auditor of the Company (current)
1963-11-21
Yoshito KOSAKA
Corporate Auditor
Dec 1984 Registered as Certified Tax Accountant Feb 1990 Registered as Certified Public Accountant Mar 1991 Founded Actus Audit Corporation (current name: Taiyo LLC); Representative Partner Oct 2005 Outside Corporate Auditor of the Company (current) Jun 2006 Corporate Auditor, Shin-Etsu Chemical Co., Ltd. (current) Jul 2009 Founded Hiyu Tax Corporation; Representative Partner Oct 2014 Partner, Taiyo LLC Jul 2015 Representative Partner, Kisaragi Audit Corporation (current name: Moore Mirai Audit Corporation)
1955-07-13
Emi TAMECHIKA
Director
Apr 1989 Joined Nippon Telegraph and Telephone Corporation (current name: NTT, Inc.) Oct 2006 General Manager, Information Strategy, Planning Department, NTT Advanced Technology Laboratories, Nippon Telegraph and Telephone Corporation Jan 2015 Head, Technology Export Control Office, Management Planning Department, NTT Advanced Technology Corporation Mar 2017 Corporate Auditor, Yokohama Biotechnology Co., Ltd. Apr 2017 Professor, Growth Strategy Education and Research Center, Organization for Regional Collaboration, Yokohama National University May 2020 Outside Director of the Company (current) Jun 2021 Corporate Auditor, UNTRACKED Inc. (current) Mar 2024 Representative Director, Vice President, The Japan Society of Applied Physics Apr 2024 Deputy Director, Center for Semiconductor and Quantum Integrated Electronics, Institute for Advanced Academic Research, Yokohama National University (current) Apr 2026 IMS Visiting Professor, Institute for Advanced Academic Research, Yokohama National University (current)
1960-12-02
Gareth C.W. JONES
Director
May 1978 Joined Gooch & Housego Ltd. Mar 1986 Technical Director, Gooch & Housego Ltd. May 1995 Managing Director, Gooch & Housego Ltd. Mar 2001 Partner, MTI Partners Ltd. Jan 2003 Chief Executive Officer, Gooch & Housego PLC Jan 2015 Non-Executive Chairman, Gooch & Housego PLC May 2024 Outside Director of the Company (current)
1955-12-18
Miwa KOIKE
Director
Apr 1989 Joined NTT Advanced Technology Corporation Jun 2023 Director (part-time), NTT-AT Systems Corporation (current) Director (part-time), NTT-AT Techno Communications Corporation (current) Director (part-time), NTT-AT IPS Corporation (current) Director (part-time), NTT-AT Creative Corporation (current) Director (part-time), NTT-AT Mtac Corporation (current) Jul 2024 Department Manager, Business Planning Department, Business Strategy Office, NTT Advanced Technology Corporation (current) May 2025 Outside Director of the Company (current)
1966-08-06
Yoshiyuki TANAKA
Corporate Auditor
Sep 2007 Registered as Attorney-at-Law Sep 2009 Joined Tonika Law Office (current) Jun 2019 Outside Director, Dainikka Co., Ltd. (current) Apr 2023 Instructor, Legal Training and Research Institute of the Supreme Court of Japan May 2024 Outside Corporate Auditor of the Company (current)
1982-06-28
Large Shareholding Reports
Yasunori FURUKAWA
2026-05-08
10.61%→10.60%
Annual report (as of 2026-08-31): 7.69%
Yasunori FURUKAWA
2026-04-27
11.70%→10.61%
Annual report (as of 2026-08-31): 7.69%
Yasunori FURUKAWA
2026-04-24
12.78%→11.70%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-08-31): 7.69%
Yasunori FURUKAWA
2026-04-23
12.78%→11.70%
Annual report (as of 2026-08-31): 7.69%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-15
Semi-Annual Securities Report
Period: Mar 2026 – Feb 2027
TDnet
2026-10-15
Q2 Earnings Flash
FY ending Feb 2027
TDnet
2026-07-14
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-05-22
Annual Securities Report
Period: Mar 2025 – Feb 2026
EDINET
2026-05-08
Large Shareholding Report
EDINET
2026-04-27
Large Shareholding Report
EDINETAmended
2026-04-24
Change Report
EDINET
2026-04-23
Large Shareholding Report
TDnet
2026-01-14
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2025-10-15
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2025-07-15
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-29
Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2025-01-14
Q3 Earnings Flash
FY ending Feb 2025
EDINET
2024-10-15
Semi-Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINET
2024-08-02
Securities Registration Statement
TDnet
2024-07-12
Q1 Earnings Flash
FY ending Feb 2025
EDINET
2024-07-12
Quarterly Securities Report
Period: Mar 2024 – May 2024
EDINET
2024-05-30
Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINET
2024-01-12
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-13
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-13
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-05-26
Annual Securities Report
Period: Mar 2022 – Feb 2023
EDINET
2023-01-13
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-14
Quarterly Securities Report
EDINET
2022-07-14
Quarterly Securities Report
EDINET
2022-05-27
Annual Securities Report
EDINET
2022-01-13
Quarterly Securities Report
EDINET
2021-10-14
Quarterly Securities Report
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