Overview
Electric Appliances

RION CO.,LTD.

Rion Co., Ltd. develops, manufactures, and sells precision measurement and medical devices across three core segments: particle counters (airborne and liquid), medical devices (hearing aids under the 'Rionet' brand—Japan's first domestically produced hearing aid with over 70 years of history—and audiological testing equipment), and environmental measurement instruments (noise meters, vibration meters, and seismometers). The company serves diverse end markets including electronics, pharmaceuticals, food manufacturing (cleanroom management), ENT/audiology clinical settings, and government/industrial environmental monitoring. Rion's competitive strengths lie in its integrated development-to-service capabilities and its established brand in both the domestic hearing aid and precision instrumentation markets.

Market Cap
¥40.0B
US$255M
EV
¥28.6B
US$182M
Stock¥3,240▼-1.37%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.9
x
LTM EV/EBIT
6.3
x
LTM PER
11.6
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+2.3%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
40.0BUS$255MMarket Cap0.00BUS$0.00M+ Debt9.87BUS$63.0M− Cash1.52BUS$9.70M− Inv. Sec.28.6BUS$182MEV
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Performance & Balance
Revenue 5Y (¥B)
22.6US$144M'22/323.9US$152M'23/325.7US$164M'24/327.9US$178M'25/328.5US$182M'26/3
EBITDA 5Y (¥B)
3.81US$24.3M'22/33.56US$22.7M'23/34.31US$27.5M'24/35.21US$33.2M'25/35.69US$36.3M'26/3
Net Income 5Y (¥B)
2.23US$14.2M'22/31.80US$11.5M'23/32.65US$16.9M'24/32.86US$18.2M'25/33.35US$21.3M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
8.73US$55.7M'22/36.54US$41.7M'23/36.13US$39.1M'24/37.20US$45.9M'25/310.1US$64.3M'26/3
Shareholders
Top 10 hold 55.1%
1
Kobayashi Institute of Physical Research
25.39%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
9.66%
3
Custody Bank of Japan, Ltd. (Trust Account)
8.26%
4
RION CO.,LTD. Business Partners' Stock Ownership Association
3.98%
5
Mizuho Bank, Ltd.
1.70%
6
STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)
1.32%
7
RION CO.,LTD. Employee Stock Ownership Association
1.27%
8
Nippon Life Insurance Company
1.22%
9
THE BANK OF NEW YORK MELLON 140044 (Standing Proxy: Mizuho Bank, Ltd.)
1.21%
10
RE FUND 107-CLIENT AC (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.07%
Management
11 officers
Kiminori KATO
Representative Director, President
Apr 1997 Joined the Company Apr 2015 General Manager, Planning and Accounting Department, Business Support Division Apr 2018 Executive Officer; Deputy General Manager, Business Support Division, and General Manager, Overseas Strategy Department Apr 2019 Executive Officer; General Manager, Corporate Planning Division, and General Manager, Overseas Promotion Department Jun 2019 Director; General Manager, Corporate Planning Division, and General Manager, Overseas Promotion Department Apr 2021 Director; General Manager, Corporate Planning Division Apr 2022 Managing Director; General Manager, Corporate Planning Division Apr 2025 Representative Director, President (current)
1974-12-12
Kiyokatsu IWABASHI
Representative Director, Executive Vice President; General Manager, Environmental Equipment Division
Apr 1979 Joined the Company Apr 2010 Executive Officer; General Manager, Development Department, Environmental Equipment Division Jun 2013 Director, Senior Executive Officer; General Manager, Environmental Equipment Division Jun 2015 Director; General Manager, Environmental Equipment Division Dec 2016 Director; General Manager, Environmental Equipment Division; Chairman, Shanghai Lion Technology Co., Ltd. Apr 2019 Director; General Manager, Technology Development Center, and General Manager, R&D Office, Technology Development Center Jun 2019 Managing Director; General Manager, Technology Development Center, and General Manager, R&D Office, Technology Development Center Apr 2022 Representative Director, President Jun 2023 Representative Director, President; General Manager, Innovation Promotion Office Apr 2025 Representative Director, Executive Vice President; General Manager, Environmental Equipment Division; Chairman, Shanghai Lion Technology Co., Ltd. (current)
1956-12-03
Kenichi SHIMIZU
Chairman of the Board, Director
Apr 1978 Joined the Company Jun 2003 Director; General Manager, Management Control Division Jul 2006 Managing Director; General Manager, Management Control Division Jun 2009 Director, Managing Executive Officer; General Manager, Corporate Planning Division Jun 2011 Director, Managing Executive Officer; General Manager, Management Support Division, and General Manager, Group Management Strategy Office Jun 2013 Director, Senior Managing Executive Officer; General Manager, Business Support Division Apr 2015 Representative Director, President Apr 2022 Chairman of the Board, Director (current)
1953-10-22
Toshiyuki SHINOZAKI
Director; General Manager, Particle Measuring Instruments Division
Apr 1989 Joined the Company Apr 2012 Deputy General Manager, Sales Department, Medical Equipment Division Apr 2017 Deputy General Manager, Medical Equipment Division, and General Manager, Sales Department, Medical Equipment Division Apr 2019 Executive Officer; General Manager, Medical Equipment Division Jun 2022 Executive Officer; General Manager, Medical Equipment Division; Representative Director, President, Lion Techno Co., Ltd. Jun 2023 Director; General Manager, Medical Equipment Division; Representative Director, President, Lion Techno Co., Ltd. Apr 2024 Director; General Manager, Particle Measuring Instruments Division (current)
1966-11-12
Kikuko HAMADA
Director
Jan 1992 Joined Century Medical, Inc. Oct 1998 Marketing Brand Manager, Extracorporeal Circulation Products, Edwards Lifesciences Japan K.K. Jul 2003 Marketing Director, Ethicon Japan, Johnson & Johnson K.K. Jan 2005 Regional Franchise Director, Ethicon, Johnson & Johnson Asia Pacific Dec 2006 Vice President; General Manager, Ethicon Japan Business Unit, Johnson & Johnson K.K. Jun 2021 Outside Director of the Company (current)
1958-11-01
Mari UEDA
Director
Apr 2010 Research Fellow, National Institute of Advanced Industrial Science and Technology (AIST) Apr 2013 Senior Research Associate, Aviation Environment Research Center, Airport Environment Improvement Foundation Jun 2016 Technical Consultant, Brüel & Kjær Division, Spectris plc Jun 2016 Technical Consultant, C.I.C. Co., Ltd. (current) Apr 2018 Associate Professor, Faculty of Informatics, Kanagawa Institute of Technology (current) Jun 2021 Outside Director of the Company (current)
1980-09-19
Kazunobu TAKAHASHI
Director
Mar 1982 Joined FUTABA Corporation Jun 2008 Executive Officer; Group Manager, Accounting Group, Business Management Department Jun 2011 Director; General Manager, Business Management Department Jun 2013 Director, Senior Managing Executive Officer; in charge of General Administration Jun 2014 Director, Senior Managing Executive Officer; in charge of General Administration Jun 2016 Representative Director, President, FUTABA Corporation Jun 2019 Adviser, FUTABA Corporation Jun 2023 Outside Director of the Company (current)
1957-10-26
Shinya EJIMA
Director
Apr 1983 Joined Overseas Economic Cooperation Fund (OECF) Mar 2003 Chief Representative, Colombo Office, Japan Bank for International Cooperation (JBIC) Jul 2012 Chief Representative, India Office, Japan International Cooperation Agency (JICA) Oct 2016 Executive Director, JICA Apr 2019 Deputy General Manager, India Regional Headquarters (resident in India), Konoike Transport Co., Ltd. Oct 2024 Senior Manager, Medical Division, Konoike Transport Co., Ltd. (current) Jun 2025 Outside Director of the Company (current)
1959-10-15
Makoto NAKANOWATARI
Full-time Audit and Supervisory Board Member
Apr 1979 Joined the Company Apr 2006 General Manager, Production Control Department, Production Management Division Apr 2009 General Manager, Corporate Planning Promotion Department, Management Planning Division Apr 2010 General Manager, Business Planning Department, Environmental Equipment Division Apr 2012 General Manager, Accounting Department, Business Support Division Apr 2015 Executive Officer; Deputy General Manager, Business Support Division Jun 2019 Representative Director, President, Lion Techno Co., Ltd. Jun 2022 Full-time Audit and Supervisory Board Member of the Company (current)
1958-08-03
Yoshihiro SAKUMA
Audit and Supervisory Board Member
Mar 1992 Registered as Certified Public Accountant Jul 2006 Established Sakuma CPA Office (current) Jun 2013 Audit and Supervisory Board Member of the Company (current)
1966-03-24
Toko TERAMACHI
Audit and Supervisory Board Member
Apr 1994 Registered as Attorney-at-law (Tokyo Bar Association) Apr 2003 Registered as Certified Social Worker Aug 2010 Head, Tokyo Kibou Law Office (current) Apr 2022 Vice President, Tokyo Bar Association Jun 2024 Audit and Supervisory Board Member of the Company (current) Apr 2025 Vice President, Japan Federation of Bar Associations
1968-05-22
Large Shareholding Reports
Asset Management One Co., Ltd.
2026-07-23
3.98%→2.13%
Sumitomo Mitsui DS Asset Management Company, Limited
2026-05-12
3.92%→3.36%
Asset Management One Co., Ltd.
2026-05-12
5.04%→3.98%
Sumitomo Mitsui DS Asset Management Company, Limited
2025-10-07
3.92%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-30
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-23
Large Shareholding Report
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-12
Large Shareholding Report
EDINET
2026-05-12
Large Shareholding Report
TDnet
2026-01-29
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-07
Large Shareholding Report
TDnet
2025-07-30
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-30
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-30
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-06-24
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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