Overview
Electric Appliances

TAMURA CORPORATION

Tamura Corporation is a Japanese electronics manufacturer engaged in the production and sale of electronic components (including transformers and inductors), electronic chemical materials for PCB assembly (such as solder pastes and fluxes), and information equipment. The company serves a broad range of industries including automotive, industrial, and consumer electronics markets globally. Its competitive strengths lie in its long-standing technical expertise in magnetics and electronic chemistry, combined with an extensive international manufacturing and sales network spanning Asia, Europe, and the Americas.

Market Cap
¥65.3B
US$417M
EV
¥80.6B
US$514M
Stock¥821▼-1.79%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.3
x
LTM EV/EBIT
15.4
x
LTM PER
46.2
x
LTM PBR
1.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+33.6%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 10, 26Rebound correcting previous day overselling
2Aug 5, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
65.3BUS$417MMarket Cap37.2BUS$237M+ Debt17.9BUS$114M− Cash4.11BUS$26.2M− Inv. Sec.0.07BUS$0.44M+ NCI80.6BUS$514MEV
AI Briefing
Century-old vertically integrated electronics maker — transformers, inductors, and PCB chemical materials (solder/flux) for global auto and industrial customers. FY26/3 revenue ¥124B with OP margin holding steady at 4.3%, modest top-line growth but thin profitability; EBITDA fwd ¥11.0B vs ¥70.5B market cap. Fragmented register led by trust banks (no controlling shareholder); no tender offer in play — trades as a standalone mid-cap materials/components name.
Performance & Balance
Revenue 5Y (¥B)
88.3US$563M'22/3108US$689M'23/3107US$680M'24/3114US$727M'25/3124US$788M'26/3
EBITDA 5Y (¥B)
4.93US$31.4M'22/38.74US$55.8M'23/38.88US$56.6M'24/39.48US$60.5M'25/39.68US$61.7M'26/3
Net Income 5Y (¥B)
-0.08-US$0.54M'22/32.05US$13.1M'23/32.24US$14.3M'24/32.78US$17.7M'25/3-1.39-US$8.83M'26/3
Capital Structure
64%
36%
EquityD/E 0.57xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
18.8US$120M31.2US$199M'22/320.0US$128M35.3US$225M'23/324.6US$157M33.9US$216M'24/327.2US$174M33.9US$216M'25/323.9US$152M38.5US$245M'26/3
Shareholders
Top 10 hold 38.7%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
14.26%
2
Custody Bank of Japan, Ltd. (Trust Account)
6.91%
3
Stock Ownership Association
4.22%
4
Sumitomo Mitsui Banking Corporation
3.98%
5
Mizuho Bank, Ltd.
2.48%
6
TAMURA CORPORATION Employee Stock Ownership Association
1.44%
7
Tamura Kaihatsu Co., Ltd.
1.44%
8
STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Mizuho Bank, Ltd. Settlement & Clearing Services Department)
1.39%
9
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd. Settlement & Clearing Services Department)
1.34%
10
Sumitomo Life Insurance Company
1.26%
Management
9 officers
Masahiro ASADA
Representative Director, Chairman, CEO and CFO
Apr 1982 Joined the Company Jun 2007 Director, Senior Executive Officer, the Company Jun 2009 Director, Managing Executive Officer, General Manager of Electronic Components Business Division, the Company Jun 2016 Director, Senior Managing Executive Officer, the Company Apr 2019 Representative Director, President, in charge of Electronic Chemical Mounting Business and General Manager of Electronic Chemical Mounting Business Division, the Company Jul 2023 Representative Director, President and CEO, the Company Dec 2024 Representative Director, President, CEO and CFO, the Company Apr 2025 Representative Director, Chairman, CEO and CFO, the Company (current)
1959-06-19
Mitsutaka NAKAMURA
Representative Director, President and COO
Sep 1997 Joined Tamura Kaken Co., Ltd. (now Tamura Corporation) Jun 2017 Executive Officer, General Manager of Electronic Chemical Sales Division, Electronic Chemical Mounting Business Division, the Company Apr 2019 Senior Executive Officer, General Manager of Circuit Materials Business Department, Electronic Chemical Mounting Business Division, the Company Apr 2022 Senior Executive Officer, in charge of ASEAN and Deputy General Manager of Electronic Components Business Division, the Company Jun 2024 Director, EVP and CSO, in charge of Corporate Strategy, the Company Oct 2024 Director, EVP and CSO, in charge of Corporate Strategy and General Manager of Marketing Promotion Office, the Company Apr 2025 Representative Director, President and COO, the Company (current)
1971-03-09
Masashi IMAMURA
Director
Apr 1979 Joined Sony Corporation (now Sony Group Corporation) Apr 2014 Group Executive, President and Representative Director, Sony Visual Products Inc. Apr 2015 Executive Officer, EVP, in charge of Production, Logistics, Procurement, Quality and Environmental Engineering Platform, Sony Group Corporation Feb 2019 Joined Zensho Holdings Co., Ltd., Managing Director, President and Representative Director, Zensho Factory Holdings Co., Ltd. Jun 2023 Director, Audit and Supervisory Committee Member, the Company Jun 2025 Director, the Company (current)
1957-01-08
Yoshiharu SOGA
Director
Apr 1990 Joined Shirai Electronics Industrial Co., Ltd. Jun 2018 Director, Shirai Electronics Industrial Co., Ltd. Aug 2022 Joined the Company Oct 2024 SVP, General Manager of Electronic Chemical Mounting Business Division, the Company Apr 2025 EVP, General Manager of Electronic Chemical Mounting Business Division, the Company Apr 2026 EVP and CSuO, General Manager of Electronic Chemical Mounting Business Division, in charge of Human Resources and Sustainability Strategy, and General Manager of Corporate Governance Promotion Division, the Company (current)
Akira KUBOTA
Director, Audit and Supervisory Committee Member
Apr 1978 Joined Ministry of International Trade and Industry (now Ministry of Economy, Trade and Industry) Sep 2005 Director General, Research and Statistics Department, Economic and Industrial Policy Bureau, Ministry of Economy, Trade and Industry Jul 2006 Joined Olympus Corporation Jun 2009 Executive Officer, General Manager of Precision Technology Development Division, Research and Development Center, Olympus Corporation Apr 2014 Managing Executive Officer, Director of Research and Development Center, Olympus Corporation Apr 2016 Managing Executive Officer, General Manager of Medical Affairs and CSR Office, Olympus Corporation May 2017 Managing Director, Japan Electric Control Equipment Industry Association (general incorporated association) Jun 2018 Director, the Company Jun 2023 Director, Audit and Supervisory Committee Member, the Company (current) Jun 2024 Part-time Advisor, Suzuden Corporation (current)
1953-09-09
Haruko SHIBUMURA
Director, Audit and Supervisory Committee Member
Apr 1994 Registered with Daini Tokyo Bar Association; joined Honma & Komatsu Law Office (now Honma Goudou Law Office) Apr 1999 Partner, Honma & Komatsu Law Office (current) Jun 2015 Outside Audit & Supervisory Board Member, Nichireki Co., Ltd. (now Nichireki Group Co., Ltd.) Jun 2018 Director, the Company Jun 2019 Outside Director, Nichireki Co., Ltd. (now Nichireki Group Co., Ltd.) (current) Outside Director, Audit and Supervisory Committee Member, Astellas Pharma Inc. Jun 2023 Director, Audit and Supervisory Committee Member, the Company (current) Jun 2024 Outside Director, Audit and Supervisory Committee Member, Yokogawa Bridge Holdings Corp. (current) Mar 2026 Outside Director, Broadband Tower, Inc. (current)
1964-12-06
Akiko TOYODA
Director, Audit and Supervisory Committee Member
Apr 1992 Joined Dai-Ichi Kangyo Bank (now Mizuho Bank, Ltd.) Sep 2000 Investor Relations Division, Mizuho Holdings, Inc. (now Mizuho Financial Group, Inc.) Jan 2001 Investment Banking Division, Mizuho Securities Co., Ltd. Oct 2006 Director, Lazard Freres K.K. Oct 2008 Senior Director, Huron Consulting Group K.K. Dec 2011 Managing Director, Mizuho Corporate Advisory Co., Ltd. (now Mizuho Bank, Ltd.) Oct 2016 Global M&A Advisory Leader, PwC Advisory LLC Jul 2018 Partner, PwC Advisory LLC Jun 2023 Director, Audit and Supervisory Committee Member, the Company (current); Senior Advisor, PwC Advisory LLC Jun 2024 Outside Director, Audit and Supervisory Committee Member, ENEOS Holdings, Inc. (current) Oct 2024 Managing Partner, AKTY & Co. (current) Mar 2025 Outside Director, JAC Recruitment Co., Ltd. (current)
1968-12-27
Yuji YOKOYAMA
Full-time Director, Audit and Supervisory Committee Member
Apr 1987 Joined the Company Dec 2002 Manager, Support Group, Management Administration Division, the Company Apr 2015 General Manager of Global Business Promotion Division, Electronic Components Business Division, the Company Apr 2017 Deputy General Manager, Management Administration Division, the Company Apr 2019 Executive Officer and General Manager of HPM Business Department, Electronic Components Business Division, the Company Apr 2020 Executive Officer and Deputy General Manager of Electronic Components Business Division (in charge of Americas and Europe), the Company Sep 2020 Audit & Supervisory Board Member, the Company Jun 2023 Full-time Director, Audit and Supervisory Committee Member, the Company (current)
1964-03-14
Hiromi NAKAZAWA
Director, Audit and Supervisory Committee Member
Apr 1988 Joined The Mitsui Bank, Limited (now Sumitomo Mitsui Banking Corporation) Oct 1995 Joined Taiyo Audit Corporation (now Taiyo LLC) Jan 1998 Joined Ohta Showa Audit Corporation (now EY ShinNihon LLC) Apr 1999 Registered as Certified Public Accountant Sep 2012 Joined Nidec Corporation Jun 2013 Full-time Audit & Supervisory Board Member, Seaborn Co., Ltd. Jun 2015 Executive Officer, Seaborn Co., Ltd. Jun 2017 Full-time Audit & Supervisory Board Member, Seaborn Co., Ltd. Jun 2020 Outside Director, Nihon Piston Ring Co., Ltd. (now Riken NPR Precision Co., Ltd.) Jun 2022 Outside Director (Full-time Audit and Supervisory Committee Member), Ricoh Leasing Company, Ltd. (current) Jun 2023 Outside Director, Audit and Supervisory Committee Member, IMAGICA GROUP Inc. (current) Jun 2025 Outside Director, Mimaki Engineering Co., Ltd. (current)
Large Shareholding Reports
Nomura Asset Management Co., Ltd.
2026-06-05
4.61%
Asset Management One Co., Ltd.
2026-06-05
5.75%→4.90%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-05
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-06-05
Large Shareholding Report
TDnet
2026-05-27
株主総会招集通知
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-06
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-06
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-05
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
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
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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