Overview
Electric Appliances

IDEC CORPORATION

IDEC Corporation develops, manufactures, and sells industrial control, safety, and automation products including HMI devices (control switches, joysticks, indicator lights, programmable displays), industrial components (switching power supplies, terminal blocks, relays, circuit protectors), automation and sensing equipment (programmable controllers, auto-ID systems), and safety/explosion-proof devices. The company serves manufacturing industries globally, leveraging its technology heritage built in Japan to address productivity and safety challenges on factory floors. IDEC also provides collaborative robot system solutions and mobility solutions such as electrically assisted drive wheels for heavy-load transport.

Market Cap
¥105B
US$667M
EV
¥107B
US$685M
Stock¥3,530▼-0.70%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.8
x
LTM EV/EBIT
13.0
x
LTM PER
12.8
x
LTM PBR
1.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+24.2%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
105BUS$667MMarket Cap24.3BUS$155M+ Debt20.8BUS$133M− Cash0.74BUS$4.71M− Inv. Sec.107BUS$685MEV
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Performance & Balance
Revenue 5Y (¥B)
70.8US$451M'22/383.9US$535M'23/372.7US$464M'24/367.4US$430M'25/373.0US$465M'26/3
EBITDA 5Y (¥B)
12.9US$82.5M'22/317.6US$112M'23/310.2US$65.0M'24/37.74US$49.4M'25/310.1US$64.5M'26/3
Net Income 5Y (¥B)
7.90US$50.4M'22/310.1US$64.7M'23/34.41US$28.1M'24/31.78US$11.3M'25/33.87US$24.7M'26/3
Capital Structure
75%
25%
EquityD/E 0.33xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
18.3US$117M25.5US$163M'22/319.0US$121M25.5US$163M'23/318.1US$116M25.2US$161M'24/319.8US$126M26.2US$167M'25/318.9US$121M27.4US$175M'26/3
Shareholders
Top 10 hold 45.0%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
18.24%
2
Custody Bank of Japan, Ltd. (Trust Account)
12.09%
3
Custody Bank of Japan, Ltd. (Trust Account 4)
3.06%
4
Namariya LLC
2.86%
5
TKF LLC
2.48%
6
THE BANK OF NEW YORK MELLON 140044 (Standing Proxy: Mizuho Bank, Ltd.)
1.52%
7
Kazutaka FUJITA
1.35%
8
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.26%
9
Toshihiro FUJITA
1.09%
10
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.05%
Management
10 officers
Toshiyuki FUNAKI
Representative Director, Chairman and President
Oct 1975 IDEC CORPORATION Executive Vice President Jul 1985 IDEC Corporation Director Dec 1990 IDEC Corporation Managing Director Jun 1994 IDEC Corporation Senior Managing Director Jun 1997 IDEC Corporation Representative Director, President Apr 2000 IDEC Corporation Representative Executive Officer Apr 2002 IDEC CORPORATION Chairman, CEO (current) Jun 2006 IDEC Corporation Representative Director, Chairman and President (current) Feb 2021 IDEC Corporation Chair, Nomination Committee Oct 2022 IDEC Corporation Chair, Compensation Committee
1947-08-30
Mikio FUNAKI
Representative Director, Senior Managing Executive Officer
Jun 1979 Joined IDEC CORPORATION Jun 1991 IDEC CORPORATION Vice President Apr 1993 Joined IDEC Corporation Jun 1997 Director, IDEC Corporation Apr 1999 Executive Officer in charge of IT, IDEC Corporation Apr 2002 IDEC CORPORATION President, COO May 2003 Senior Managing Director, IDEC Corporation; Senior Managing Executive Officer (current) Jun 2006 Representative Director, Senior Managing Director, IDEC Corporation (current) Jan 2025 IDEC CORPORATION Director (current)
1953-01-17
Takao FUNAKI
Director, Managing Executive Officer in charge of Production, SCM, North America Business and IT
Apr 1996 Joined IDEC CORPORATION Jun 2013 Joined IDEC Corporation Apr 2015 Head, Overseas Business Promotion Office, Sales & Marketing Division, IDEC Corporation Apr 2016 Head, Global Strategy Office, Sales & Marketing Division, IDEC Corporation; Chairman, IDEC Elektrotechnik GmbH Apr 2017 IDEC CORPORATION Director Jan 2022 APEM, Inc. President Apr 2022 Executive Officer in charge of US Business, IDEC Corporation Apr 2023 Managing Executive Officer in charge of Production and North America Business, IDEC Corporation Jun 2023 Director, Senior Executive Officer in charge of Production, Purchasing & SCM and North America Business, IDEC Corporation Apr 2024 Director, Senior Executive Officer in charge of Production, SCM and North America Business, IDEC Corporation Jan 2025 IDEC CORPORATION President, COO Apr 2025 Director, Senior Executive Officer in charge of Production, SCM, North America Business and IT, IDEC Corporation Jul 2025 Director, Managing Executive Officer in charge of Production, SCM, North America Business and IT, IDEC Corporation (current) IDEC CORPORATION CEO (current)
1975-10-19
Hiroshi KOBAYASHI
Director
Apr 2003 Vice President, Honda Motor Europe Ltd. Jun 2003 Director, Honda Motor Co., Ltd. Apr 2004 President, Honda Canada Inc. Jun 2005 Executive Officer, Honda Motor Co., Ltd. Apr 2009 Executive Officer, General Manager, Japan Sales Division, Honda Motor Co., Ltd. Jun 2009 Director, Honda Motor Co., Ltd. Apr 2011 Managing Executive Officer, General Manager, Asia & Oceania Division, Honda Motor Co., Ltd.; Director and President, Asia Honda Motor Company Ltd.; Director and President, Honda Automobile (Thailand) Co., Ltd. Jun 2019 Director, IDEC Corporation (current) Feb 2021 Member, Nomination Committee, IDEC Corporation (current) Oct 2022 Member, Compensation Committee, IDEC Corporation (current)
1954-11-12
Hideyuki OKUBO
Director
Apr 2010 Deputy General Manager, FA Systems Business Group, Mitsubishi Electric Corporation Apr 2012 Managing Executive Officer, in charge of FA Systems Business, Mitsubishi Electric Corporation Apr 2014 Representative Executive Officer, Senior Managing Executive Officer, in charge of Export Control and FA Systems Business, Mitsubishi Electric Corporation Apr 2015 Representative Executive Officer, Senior Managing Executive Officer, in charge of Export Control and Production Systems, Mitsubishi Electric Corporation Apr 2016 Representative Executive Officer, Executive Vice President, in charge of Export Control and Production Systems, Mitsubishi Electric Corporation Apr 2017 Standing Advisor, Mitsubishi Electric Corporation Jun 2018 Senior Advisor, Mitsubishi Electric Corporation Jun 2021 Director, IDEC Corporation (current) Oct 2022 Member, Compensation Committee, IDEC Corporation (current)
1954-10-29
Mariko SUGIYAMA
Director
Apr 1987 Joined IBM Japan, Ltd. Mar 1994 Joined Oracle Japan K.K. Jul 2010 Joined SAS Institute Japan Feb 2012 Joined Salesforce.com K.K. (now Salesforce Japan Co., Ltd.) Aug 2018 Executive Officer, Salesforce Japan Co., Ltd. Mar 2022 Representative Director, Eraone Co., Ltd. Jun 2022 Director, IDEC Corporation (current) Jan 2024 Representative Director, I-Learning Co., Ltd. (current)
1964-05-28
Lei LU
Director
Dec 2004 FP&A Manager, Rockwell Automation, Inc. Feb 2013 Finance and supply chain management roles, including Senior Business Controller and Head of Finance for CDMA BU, Nokia Nov 2014 SVP Finance, Bird Rock Bio, Inc. Jul 2020 SVP, Finance and Acting CFO, ACEA Biosciences, Inc. / ACEA Therapeutics Inc. Aug 2021 EVP Finance, HUYA Bioscience International Jul 2025 SVP, Finance and Acting CFO, Prometheus Laboratories Inc. Jul 2025 Joined IDEC Corporation; Executive Officer in charge of Global Finance, IDEC Corporation (current) IDEC CORPORATION CFO (current)
Yasuo HIMEIWA
Director, Full-time Audit and Supervisory Committee Member
Aug 1983 Joined Peat Marwick Mitchell & Co. (now KPMG) Aug 1990 Registered as Certified Public Accountant in Japan Aug 1994 Director, Europe Division, KPMG Project Japan Jan 1996 Partner, Century Audit Corporation (now EY ShinNihon LLC) Feb 2001 Representative Partner, ShinNihon Audit Corporation (now EY ShinNihon LLC) Sep 2003 Partner, Azsa LLC Jul 2009 Head, Osaka GJP (Global Japanese Practice), Azsa LLC May 2015 Chair, National Partners' Meeting, Azsa LLC Jun 2016 Principal, Himeiwa Certified Public Accountant Office (current) Jun 2020 Director (Audit and Supervisory Committee Member), IDEC Corporation Feb 2021 Member, Nomination Committee, IDEC Corporation Jun 2021 Director, Full-time Audit and Supervisory Committee Member, IDEC Corporation (current) Oct 2022 Member, Compensation Committee, IDEC Corporation Jun 2025 Chair, Nomination Committee and Chair, Compensation Committee, IDEC Corporation (current)
1953-11-05
Michiko KANAI
Director, Audit and Supervisory Committee Member
Apr 1990 Registered with Osaka Bar Association; joined Ohebashi Law Office (now Ohebashi LPC) Apr 1998 Partner, Ohebashi Law Office Aug 2002 Member, Ohebashi LPC Jun 2016 Director, IDEC Corporation Jun 2018 Director, Audit and Supervisory Committee Member, IDEC Corporation (current) Feb 2021 Member, Nomination Committee, IDEC Corporation (current) Oct 2022 Member, Compensation Committee, IDEC Corporation (current) Jan 2026 Counsel, Ohebashi LPC (current)
1955-06-16
Eri NAKAJIMA
Director, Audit and Supervisory Committee Member
Apr 1995 Joined Environment Agency Apr 2013 Assistant Section Chief, General Affairs Division, Natural Environment Bureau, Ministry of the Environment Apr 2015 Vice Governor, Nagano Prefecture Aug 2020 Director, Research Office for Decarbonization Innovation, Global Environment Bureau, Ministry of the Environment Dec 2021 Project Professor, Faculty of Economics and Law, Shinshu University Jun 2022 Director, Audit and Supervisory Committee Member, IDEC Corporation (current) Apr 2023 Professor, Faculty of Policy Studies, Doshisha University (current)
1972-09-02
Large Shareholding Reports
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2026-09-04
2.73%
Daiwa Asset Management Co., Ltd.
2026-03-19
5.40%
Asset Management One Co., Ltd.
2025-08-22
5.46%→4.42%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-08-06
3.42%→2.51%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-04
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
TDnet
2026-05-29
株主総会招集通知
EDINET
2026-03-19
Large Shareholding Report
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-08-22
Large Shareholding Report
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-08-06
Large Shareholding Report
EDINET
2025-06-19
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-04
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-02
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-17
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-19
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
2022-08-12
Quarterly Securities Report
EDINET
2022-06-20
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-06-21
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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