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Overview

Electric Appliances

RIVER ELETEC CORPORATION

River Eletec Corporation develops, manufactures, and sells quartz crystal products, primarily crystal units (振動子) and crystal oscillators (発振器), with a focus on miniaturization and ultra-low jitter performance. The company serves high-growth end markets including smartphones, IoT wireless modules, automotive electronics, and next-generation data center infrastructure. Its competitive strengths lie in proprietary technologies such as the KoT-cut OPAW acoustic wave device and world-class miniaturized form factors, including the world's smallest crystal units in their class.

Market Cap

¥5.42B

US$34.5M

¥6.91B

US$44.1M

Stock¥658▼-3.24%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

12.1

LTM EV/EBIT

LTM PER

70.3

LTM PBR

1.2

Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+25.2%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Nov 10, 25Disappointment from Q2 earnings downgrade

2Mar 11, 26Continued expectations for earnings recovery

3Mar 16, 26Positive evaluation after earnings release

MC → EV Bridge

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Generating insights…

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

49%

51%

EquityD/E 1.02xDebt

Liquidity vs Debt 5Y (¥B)▼ Net Debt

CashInv. Sec.Debt

Shareholders

Top 10 hold 34.1%

as of 2026-03-31 · Source: Annual Securities Report

Wakahikari Co., Ltd.

14.86%

Fujio WAKAO

3.45%

The Yamanashi Chuo Bank,Ltd.

3.26%

Isao WAKAO

2.83%

376 Co., Ltd.

2.31%

Masao WAKAO

1.86%

The Shoko Chukin Bank, Ltd.

1.46%

Kazunori MARUTANI

1.46%

Kunio ODA

1.34%

RIVER ELETEC CORPORATION Employee Stock Ownership Association

1.30%

Management

9 officers

Fujio WAKAO

Representative Director, Chairman

Apr 1971 Joined the Company Apr 1985 Deputy Manager, Utsunomiya Sales Department, the Company Nov 1989 Director, Utsunomiya Sales Office Department Manager, the Company Apr 1993 Director, Deputy General Manager, No. 1 Sales Division, the Company Mar 1994 Director, Taiwan Liba Co., Ltd. (current) Dec 1994 Managing Director, the Company Dec 1995 Senior Managing Director, the Company Mar 1997 Director, River Electronics (Singapore) Pte. Ltd. (current) Jun 1999 Representative Director, Executive Vice President, General Manager, Sales Division, the Company Jun 1999 Director, River Electronics (Ipoh) Sdn. Bhd. (current) Mar 2003 Representative Director, President, the Company Apr 2003 Representative Director, President, Aomori River Techno Co., Ltd. Jul 2009 Representative Director, Chairman, Aomori River Techno Co., Ltd. Apr 2023 Representative Director, Chairman, the Company (current) Director, Aomori River Techno Co., Ltd. (current)

1948-09-19

Yoshihisa HAGIWARA

Representative Director, President

Apr 1982 Joined the Company Apr 1999 General Manager, No. 2 Product Development Department, the Company Jun 2005 Director, Aomori River Techno Co., Ltd. Nov 2006 Managing Director, Aomori River Techno Co., Ltd. Jun 2009 Director, in charge of Manufacturing, the Company Jul 2009 Representative Director, President, Aomori River Techno Co., Ltd. Jun 2017 Managing Director, in charge of Manufacturing, the Company Jan 2019 Senior Managing Director, in charge of Manufacturing and Product Development, the Company Jun 2021 Senior Managing Director, in charge of Manufacturing and Materials, the Company Apr 2023 Representative Director, President, the Company (current) Representative Director, Chairman, Aomori River Techno Co., Ltd. (current)

1956-06-09

Yasuhiro TAKADA

Senior Managing Director, Head of Sales Division

Apr 1984 Joined Toyo Corn Paper Co., Ltd. Sep 1992 Joined the Company Apr 2011 Chairman, Taiwan Liba Co., Ltd. (current) Apr 2011 Chairman, Xi'an Dahe Crystal Oscillator Technology Co., Ltd. Apr 2011 General Manager, No. 2 Sales Division, the Company Nov 2011 Director, Xi'an Dahe Crystal Oscillator Technology Co., Ltd. (current) Oct 2013 General Manager, Sales Division, the Company Jun 2015 Executive Officer, General Manager, Sales Division, the Company Jun 2018 Director, General Manager, Sales Division, the Company Aug 2018 Managing Director, River Electronics (Singapore) Pte. Ltd. (current) Oct 2020 Managing Director, General Manager, Sales Division, the Company Jun 2023 Senior Managing Director, General Manager, Sales Division, the Company (current)

1956-01-03

Masato AMEMIYA

Director, Head of Product Development Division

Apr 1984 Joined the Company Apr 2004 General Manager, No. 2 Product Development Department, Product Development Division, the Company Jul 2009 Deputy General Manager, Product Development Division, the Company Oct 2013 General Manager, Xi'an Dahe Crystal Oscillator Technology Co., Ltd. Jun 2015 Executive Officer, General Manager, Xi'an Dahe Crystal Oscillator Technology Co., Ltd., the Company Dec 2015 Executive Officer, Deputy General Manager, Product Development Division, the Company Jun 2018 Director, General Manager, Product Development Division, the Company (current)

1961-06-13

Yoshitaka TAKEI

Director

Jan 1973 Joined Tokyo Dempa Co., Ltd. Apr 2004 Executive Officer, General Manager, Sales Division, Tokyo Dempa Co., Ltd. Jun 2006 Director, General Manager, Sales Division, Tokyo Dempa Co., Ltd. Sep 2014 Adviser, COSMIC TRADING Co., Ltd. Jun 2016 Director, the Company (current)

1948-07-25

Ryota HORIE

Director

Oct 2005 Registered as attorney-at-law (Daiichi Tokyo Bar Association) Oct 2005 Joined Nagasawa Sogo Law Office (current) Jun 2022 Director, the Company (current)

1976-07-16

Koki OSHIBA

Full-time Audit and Supervisory Board Member

Apr 1977 Joined the Company Apr 1998 General Manager, No. 1 Product Development Department, the Company Sep 2000 General Manager, Materials Development Department, the Company Jun 2015 Executive Officer, General Manager, General Affairs Division, the Company Jun 2021 Audit and Supervisory Board Member, the Company (current)

1953-12-10

Yutaka NOMURA

Audit and Supervisory Board Member

Nov 1979 Principal, Yutaka Nomura Tax Accountant Office (current) Jun 1994 Audit & Supervisory Board Member, Natural Group Head Office Co., Ltd. Mar 2000 Audit & Supervisory Board Member, Agro Kanesho Co., Ltd. Apr 2000 Lecturer, Teikyo Heisei University Apr 2014 Auditor, JKA Foundation Jun 2015 Audit and Supervisory Board Member, the Company (current)

1946-07-10

Ryutaro KADOTA

Audit and Supervisory Board Member

Apr 1997 Joined Ota Showa & Co. (now EY ShinNihon LLC) Apr 1999 Registered as Certified Public Accountant Jul 2003 Left Ota Showa & Co. (now EY ShinNihon LLC) Aug 2003 Opened Ryutaro Kadota CPA Office (current) Nov 2003 Registered as certified tax accountant Jun 2012 Audit & Supervisory Board Member, Dynam Japan Holdings Co., Ltd. (current) Feb 2021 Established Yamanami Audit Corporation, Partner (current) Jun 2021 Audit and Supervisory Board Member, the Company (current)

1969-11-25

Large Shareholding Reports

No filings

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-08-12

Q1 Earnings Flash

FY ending Mar 2027

RIVER ELETEC CORPORATION

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RIVER ELETEC CORPORATION

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