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Overview

Electric Appliances

Wacom Co.,Ltd.

Wacom develops, manufactures, and sells pen tablets, pen displays (LCD pen tablets), and stylus pens under its Brand Products business, targeting creative professionals, designers, animators, photographers, and educators. The company also operates a Technology Solutions business, supplying digital pen technology (AES and EMR) as components and modules embedded in tablets, e-readers, and mobile devices for major OEM clients. Wacom holds a strong global market position in pressure-sensitive pen input technology, serving both consumer and enterprise segments across creative, education, medical, and digital signature verticals.

Activists: Asset Value Investors Limited 19.16%, Kaname Capital, L.P. 5.05%

Market Cap

¥114B

US$724M

¥100B

US$640M

Stock¥857▼-0.35%

US$1 = ¥157.05 (2026-10-22)

LTM EV/EBITDA

6.6

LTM EV/EBIT

7.5

LTM PER

11.4

LTM PBR

3.1

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-19.4%pt

Oct 23, 25 – Oct 23, 26StockTOPIX

1May 13, 26Asset Value Investors Limited changed stake (13.17%→13.74%)

2Jun 26, 26Asset Value Investors Limited changed stake (13.74%→14.83%)

3Jul 28, 26Asset Value Investors Limited changed stake (14.83%→15.91%)

4Aug 7, 26Asset Value Investors Limited changed stake (15.91%→17.05%)

5Aug 26, 26Asset Value Investors Limited changed stake (17.05%→18.11%)

MC → EV Bridge

AI Briefing

Wacom: global pen-input leader, dual-engine model of branded tablets/displays plus OEM digital pen tech licensed into PCs and mobile devices. FY26/3 revenue ¥110B with OP margin expanding to 12.2%, profitability climbing steadily even as topline has softened from FY24/3's ¥119B peak. Samsung sits as the #2 shareholder at 6.24%, underscoring strategic OEM ties; margin trajectory points to a disciplined, higher-quality earnings story for the creative and pen-computing niche.

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

89%

EquityD/E 0.13xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 48.0%

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

The Master Trust Bank of Japan, Ltd. (Trust Account)

13.82%

Samsung Electronics Singapore Pte. Ltd. (Standing Proxy: Mizuho Bank, Ltd., Securities Settlement Business Department)

6.24%

AVI Japan Opportunity Trust PLC (Standing Proxy: Mizuho Bank, Ltd., Securities Settlement Business Department)

4.78%

State Street Bank and Trust Client Omnibus Account OM02 505002 (Standing Proxy: Mizuho Bank, Ltd., Securities Settlement Business Department)

4.40%

Custody Bank of Japan, Ltd. (Trust Account)

4.31%

AVI Global Trust PLC (Standing Proxy: Mizuho Bank, Ltd., Securities Settlement Business Department)

4.05%

Japan Absolute Value Fund (Standing Proxy: Tachibana Securities Co., Ltd.)

3.12%

THE BANK OF NEW YORK MELLON 140051 (Standing Proxy: Mizuho Bank, Ltd.)

2.90%

STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)

2.23%

Masahiko YAMADA

2.20%

Management

9 officers

Nobutaka IDE

Representative Director, President, Chief Executive Officer

Apr 1995 Joined Sharp Corporation Aug 2013 Joined the Company; General Manager, Technology Marketing Department, Component Business Division Apr 2015 Vice President, Technology Solutions Business Unit, the Company Jul 2015 Senior Vice President, Technology Solutions Business Unit, the Company Apr 2017 Executive Vice President, in charge of Technology Solutions Business Unit and Platform & Application Business Unit, the Company Jun 2017 Director, the Company Apr 2018 Representative Director, President, the Company (current); Chief Executive Officer, the Company (current) Feb 2021 Representative Director, General Incorporated Association Connected Ink Village (current) Oct 2024 Representative Director, General Incorporated Association Anime System Community (current) Oct 2025 Representative Director, TOWALab Inc. (current)

1970-05-19

Akitake KOMINE

Director, Chief Revenue Officer

Oct 1996 Joined Chuo Audit Corporation Apr 2001 Obtained Certified Public Accountant qualification Jul 2005 Joined PricewaterhouseCoopers Dallas Nov 2011 Joined the Company; Manager, Finance Department Sep 2017 Vice President, Technology Solutions Business Unit, the Company Oct 2020 Executive Vice President, Technology Solutions Business Unit, the Company (current) Jan 2022 Outside Director, SDTech Co., Ltd. (current) Jun 2024 Director, the Company (current) Apr 2025 Chief Revenue Officer, the Company (current) Oct 2025 Representative Director, TOWALab Inc. (current)

1971-11-20

Shu KOJIMA

Director, Chief Financial Officer

Apr 1992 Joined Nissho Iwai Corporation (now Sojitz Corporation) Jan 2003 Joined Metal One Corporation Mar 2011 Joined Asahi Holdings, Inc. (now ARE Holdings Inc.) Jan 2013 Obtained U.S. Certified Public Accountant qualification Jun 2017 Director and Chief Financial Officer, Asahi Holdings, Inc. Dec 2021 Director and Chief Financial Officer, Artemira Inc. May 2024 Joined the Company; Executive Vice President, Finance, the Company (current); Chief Financial Officer, the Company (current) Jun 2025 Director, the Company (current)

1968-04-09

Takafumi NAKAJIMA

Director, Chief Operating Officer

Apr 2014 Representative Director, Recross Expansion Co., Ltd. (current) Feb 2018 Representative Director, Kumamuramori Denryoku Co., Ltd. (current) Apr 2023 Representative Director, Recrosstech Co., Ltd. (current) May 2023 Representative Director, Itsuki Gen Denryoku Co., Ltd. (current) Jul 2023 Representative Director, Tieda Power Co., Ltd. (current) Jun 2024 Outside Director, the Company Oct 2024 Representative Director, Kyushu Teppen Energy Co., Ltd. (current) Jan 2025 Representative Director, Onogata Energy Co., Ltd. (current) Apr 2025 Representative Director, Unan Kyodo Energy Co., Ltd. (current) Dec 2025 Representative Director, Tokachi Sarabetsu Kyodo Company Co., Ltd. (current) Mar 2026 Director, the Company (current); Executive Vice President, the Company (current); Chief Operating Officer, the Company (current)

1985-02-22

Ken INAZUMI

Director

Jan 2010 Director, AlixPartners Asia LLC Jan 2012 Executive Officer, General Manager, Corporate Planning Office, NHN Japan Corporation (now LY Corporation) Apr 2013 Director and Chief Operating Officer, NHN PlayArt Corporation (now NHN Japan Corporation) Feb 2014 Representative Director, President, NHN PlayArt Corporation Oct 2015 Representative Director, President, NHN Techorus Corporation Mar 2017 Senior Managing Executive Officer, trans cosmos inc. Dec 2017 Managing Executive Officer, trans cosmos inc. Jun 2018 Outside Director, the Company (current) Jun 2019 Director and Managing Executive Officer, trans cosmos inc. Jun 2021 Representative Director, President, Exprice Inc. Mar 2023 Managing Executive Officer, Mash Holdings, Inc. Aug 2024 Representative Director, President, Pillbox Japan Inc. (current)

1974-01-22

Mikako INAMASU

Director

Apr 1983 Joined Fujitsu Limited Nov 1993 Director, HR Institute Co., Ltd. Apr 2005 Professor, Graduate School of Business Administration, Business Breakthrough University (current) Oct 2005 Director and Vice President, HR Institute Co., Ltd. Oct 2013 Representative Director, President, HR Institute Co., Ltd. Dec 2017 President, HR INSTITUTE USA, INC. (current) Jun 2019 Trustee, Thunderbird Global Graduate School Education Foundation (current) Jan 2020 Representative Director, Chairman, HR Institute Co., Ltd. Jun 2021 Outside Director, the Company (current) Jun 2022 Representative Director, One Drop Ocean Foundation (current) Oct 2025 Director, Ortmos Healthcare Foundation (current)

1960-04-12

Shigeki HIGASHIYAMA

Director, Audit and Supervisory Committee Member

Apr 1982 Joined Nomura Research Institute, Ltd. Oct 2000 President, Nomura Research Institute Hong Kong; President, Nomura Research Institute Singapore Apr 2005 General Manager, Corporate Planning Department, Nomura Research Institute, Ltd. Apr 2006 Executive Officer, General Manager, Human Resources Department, Nomura Research Institute, Ltd. May 2008 Executive Officer, General Manager, Asia Systems Business Division, Nomura Research Institute, Ltd.; Director, iVision Shanghai Co., Ltd. Apr 2012 Executive Officer, General Manager, China and Asia Systems Business Division, Nomura Research Institute, Ltd. Apr 2015 Managing Executive Officer, President, Nomura Research Institute Asia Pacific Private Limited Apr 2016 Fellow, Nomura Research Institute, Ltd. Jun 2018 Outside Director (full-time Audit and Supervisory Committee Member), the Company (current) Jun 2022 Outside Director, Mimosa Co., Ltd. (current)

1958-02-15

Tadashi HOSOKUBO

Director, Audit and Supervisory Committee Member

Apr 1983 Joined Nippon Trust Bank Limited (now Mitsubishi UFJ Trust and Banking Corporation) Jul 1989 Joined Nippon ASEAN Investment Company, Limited (now Nippon Asia Investment Co., Ltd.) Apr 2005 Executive Officer, Nippon Asia Investment Co., Ltd. Jun 2007 Director, Nippon Asia Investment Co., Ltd. Jun 2012 Representative Director, Nippon Asia Investment Co., Ltd. Jul 2017 Managing Partner, Great Asia Capital & Consulting LLC (current) Oct 2017 Outside Director, Shikigaku Co., Ltd. Nov 2017 Outside Director, Sisan Co., Ltd. Dec 2018 Audit & Supervisory Board Member, M.T.3 Co., Ltd. (current) Jun 2019 Outside Director (Audit and Supervisory Committee Member), the Company (current) Mar 2020 Outside Director, Roland DG Corporation Nov 2020 Outside Director, ANSeeN Inc. (current) May 2025 Full-time Audit & Supervisory Board Member, Shikigaku Co., Ltd. (current)

1961-02-03

Yuji ONO

Director, Audit and Supervisory Committee Member

Apr 1991 Joined Toyo Trust & Banking Co., Ltd. (now Mitsubishi UFJ Trust and Banking Corporation) Jan 1996 Registered as attorney in New York State Jan 2009 Registered as attorney in Japan Apr 2014 Lecturer, Keio University Law School (current) Apr 2017 Deputy General Manager, Compliance Division, Mitsubishi UFJ Trust and Banking Corporation Apr 2019 General Manager, Legal Division, Mitsubishi UFJ Trust and Banking Corporation Apr 2022 General Manager, Operations Management Division, Japan Master Trust Bank, Ltd. Apr 2023 Joined Link Partners Law Office Jul 2023 Outside Audit & Supervisory Board Member, BankGuard Inc. (current) Feb 2024 Representative Director, Kanrisha Trust Co., Ltd. (current) Jun 2024 Outside Director (Audit and Supervisory Committee Member), the Company (current) Aug 2024 Outside Audit & Supervisory Board Member, sizebook Inc. (current) Feb 2025 Joined Miyake & Partners (current) Mar 2025 Outside Audit & Supervisory Board Member, TECRA Co., Ltd. Jun 2025 Representative Director, M&P Investment Compliance Co., Ltd. (current) Nov 2025 Outside Director, ICFG Limited (current) Jun 2026 Director, Mitsubishi UFJ Trust Regional Culture Foundation (current)

1968-02-19

Large Shareholding Reports

Asset Value Investors Limited

2026-09-24

18.11%→19.16%

Asset Value Investors Limited

2026-08-26

17.05%→18.11%

Asset Value Investors Limited

2026-08-07

15.91%→17.05%

Sumitomo Mitsui Trust Asset Management Co., Ltd.

2026-08-06

2.31%→2.20%

Asset Value Investors Limited

2026-07-28

14.83%→15.91%

Amova Asset Management Co., Ltd.

2026-07-22

3.78%→2.95%

Asset Value Investors Limited

2026-06-26

13.74%→14.83%

Asset Value Investors Limited

2026-05-13

13.17%→13.74%

Amova Asset Management Co., Ltd.

2025-09-19

4.06%→3.78%

Kaname Capital, L.P.

2025-09-16

0.00%→5.05%

Asset Value Investors Limited

2025-08-21

12.04%→13.17%

Asset Value Investors Limited

2025-06-26

11.04%→12.04%

Asset Value Investors Limited

2025-06-05

9.18%→11.04%

Asset Value Investors Limited

2025-05-02

7.73%→9.18%

Asset Value Investors Limited

2024-03-13

9.09%→7.73%

Asset Value Investors Limited

2024-02-14

10.14%→9.09%

Asset Value Investors Limited

2023-08-03

9.17%→10.14%

Asset Value Investors Limited

2022-09-06

8.14%→9.17%

Asset Value Investors Limited

2022-01-18

7.11%→8.14%

Asset Value Investors Limited

2021-11-29

6.05%→7.11%

Asset Value Investors Limited

2021-11-17

5.04%→6.05%

Asset Value Investors Limited

2021-11-09

5.04%

Disclosures

No disclosures

Primary Source Filings

EDINET

2026-09-24

Large Shareholding Report

Wacom Co.,Ltd.

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Wacom Co.,Ltd.

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