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Overview

Electric Appliances

NIRECO CORPORATION

Nireco Corporation develops, manufactures, and sells control, measurement, and inspection equipment for a broad range of industries spanning steel, chemicals, food, and printing. Its key product lines include web edge position controllers, tension controllers, process control systems for steel production, print quality inspection systems, and blank surface inspection equipment for films, metal foils, and battery electrode sheets. The company also operates an Optics segment offering specialized optical components, laser equipment, and optical thin-film products primarily used in semiconductor inspection applications.

Market Cap

¥22.1B

US$141M

¥15.4B

US$98.1M

Stock¥1,031▲+1.28%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

7.4

LTM EV/EBIT

8.6

LTM PER

14.9

LTM PBR

1.3

Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+43.2%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

97%

EquityD/E 0.03xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 32.6%

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

NIRECO CORPORATION Business Partners' Stock Ownership Association

7.41%

Kyokuto Boeki Kaisha,Limited

6.56%

CLEARSTREAM BANKING S.A. (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)

4.48%

NIRECO CORPORATION Employee Stock Ownership Association

3.17%

HIRANO TECSEED CO.,LTD.

2.48%

Custody Bank of Japan, Ltd. (Trust Account)

2.41%

Yukikatsu OKADA

1.82%

Toshiji KUBOTA

1.70%

Ayako ASAI

1.31%

Kokusai Aeromarine Co., Ltd.

1.29%

Management

6 officers

Shinichi NAKASUGI

Representative Director, President and Executive Officer (CEO)

Aug 2021 Appointed General Manager, Management Strategy Office Jun 2022 Appointed Director; Executive Officer, General Manager of Management Strategy Division Feb 2023 Appointed Director, NIRECO PROCESS KOREA CO., LTD. (now Nireco Korea Corporation) Jun 2023 Appointed Representative Director (current); President and Executive Officer (current) May 2024 Appointed Director, Kogaku Giken Corporation (current) May 2024 Appointed Director, Seibu Denki Co., Ltd. (current) Oct 2024 Appointed Director, Keihin Kohmaku Co., Ltd. (current)

1968-01-07

Takuya SASADA

Director and Executive Officer, General Manager of Administration Division

Apr 1986 Joined Nireco Corporation May 2007 Appointed Corporate Auditor, Miyota Seimitsu Co., Ltd. Apr 2012 General Manager, Accounting Department, Administration Division, Nireco Corporation Nov 2014 Appointed Corporate Auditor, NIRECO PROCESS KOREA CO., LTD. (now Nireco Korea Corporation) (current) Apr 2016 Concurrently General Manager, General Affairs Department, Administration Division, Nireco Corporation; Appointed Supervisor, Renlike Co., Ltd. Jun 2018 Appointed Executive Officer, General Manager of Process Business Division, Nireco Corporation Mar 2019 Appointed Director, Nireco Automatic Control Machinery (Shanghai) Co., Ltd. Jul 2021 General Manager, Organizational Development Department, Administration Division, Nireco Corporation Jul 2022 General Manager, Human Resources Department, Administration Division; concurrently General Manager, Business Process Reform Department, Management Strategy Division, Nireco Corporation Jun 2023 Appointed Director, Nireco Corporation (current); Executive Officer, General Manager of Administration Division and General Manager of Accounting Department (current) Aug 2023 Appointed Director, Renlike Co., Ltd. May 2024 Appointed Corporate Auditor, Kogaku Giken Corporation (current) May 2024 Appointed Corporate Auditor, Seibu Denki Co., Ltd. (current) Mar 2025 Concurrently General Manager, General Affairs Department (current)

1964-01-14

Yozo NAKAMURA

Director and Executive Officer, Special Assignment

Apr 1986 Joined Nireco Corporation Apr 2012 Seconded to Nireco Automatic Control Machinery (Shanghai) Co., Ltd. as General Manager, Sales Department Apr 2014 General Manager, Web Sales Department Jul 2017 General Manager, W&I Sales Department; concurrently General Manager, Web Service Department Jun 2019 Appointed Executive Officer, General Manager of Web Business Division; concurrently General Manager, Web Service Department Mar 2023 Appointed Chairman, Nireco Automatic Control Machinery (Shanghai) Co., Ltd. Jun 2023 Executive Officer, General Manager of Process Business Division; concurrently Chairman, Nireco Automatic Control Machinery (Shanghai) Co., Ltd. Apr 2024 Appointed Executive Officer, General Manager of Control Equipment Business Division Apr 2025 Concurrently Director, Nireco Automatic Control Machinery (Shanghai) Co., Ltd. (current) Jun 2025 Appointed Director, Nireco Corporation (current) Feb 2026 Appointed Director, Nireco Korea Corporation (current) Apr 2026 Appointed Director, Renlike Co., Ltd. (current) Apr 2026 Appointed Executive Officer, Special Assignment (current)

1965-12-19

Fujio SHINOHARA

Director, Audit and Supervisory Committee Member

Apr 1982 Joined Nireco Corporation Jun 2009 General Manager, Production Control Department, Production Control Division, Nireco Corporation Jun 2014 General Manager, Quality Control Department and Head of Technical Management Office, Nireco Corporation Jun 2016 Appointed President and Representative Director, Miyota Seimitsu Co., Ltd. Jun 2018 General Manager, Accounting Department, Nireco Corporation; concurrently Director, Miyota Seimitsu Co., Ltd. Jun 2023 Appointed Director, Audit and Supervisory Committee Member, Nireco Corporation (current)

1959-12-12

Naoko OKI

Director, Audit and Supervisory Committee Member

Apr 1999 Joined Tokai Bank, Ltd. (now MUFG Bank, Ltd.) Dec 2003 Kinue Koide Tax Accountant Office Jan 2006 Director, Daiko Co., Ltd. Dec 2015 Registered as Attorney-at-Law (current) Jan 2016 Shin-Yokohama Law Office (current) Jun 2022 Appointed Director, Audit and Supervisory Committee Member, Nireco Corporation (current)

1976-04-23

Yukihisa KUSUDA

Director, Audit and Supervisory Committee Member

Apr 1980 Joined Hitachi Denshi Co., Ltd. (now Kokusai Electric Corporation) Nov 1985 Joined Nippon Sheet Glass Co., Ltd. Dec 1993 Received Ph.D. in Science, Kwansei Gakuin University Apr 2003 Appointed Deputy General Manager, Information and Electronics Business Division, Nippon Sheet Glass Co., Ltd. Sep 2007 Received MBA in Business and Information Science, Tama University Graduate School Apr 2010 Appointed Visiting Professor, Tama University Graduate School Jun 2010 Joined Fuji Xerox Co., Ltd. (now FUJIFILM Business Innovation Corp.) Feb 2017 Joined VRC Co., Ltd. Jan 2019 Joined Okamoto Glass Co., Ltd. Jul 2019 Appointed Director and CTO; concurrently General Manager, Business Development Division, Okamoto Glass Co., Ltd. Oct 2021 Appointed Director and CTO; concurrently General Manager, Glass Business Division, Okamoto Glass Co., Ltd. Apr 2022 Appointed Director and CTO, Okamoto Glass Co., Ltd.; concurrently appointed President and Representative Director, Nikou Kogaku Co., Ltd. Jun 2024 Resigned as Director, Okamoto Glass Co., Ltd. Jun 2025 Resigned as President and Representative Director, Nikou Kogaku Co., Ltd.

1955-12-20

Large Shareholding Reports

Nireco Business Partners Shareholding Association Chairman Hideyuki WAKANA

2026-10-14

6.91%

Nireco Business Partners Shareholding Association Chairman Hideyuki WAKANA

2026-09-25

6.22%→0.00%

Fumihiro NAKAYAMA

2026-09-25

6.91%

Disclosures

No disclosures

Primary Source Filings

EDINETAmended

2026-10-14

Change Report

NIRECO CORPORATION

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NIRECO CORPORATION

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