Overview
Electric Appliances

AVAL DATA CORPORATION

Aval Data Corporation is a Japanese manufacturer of industrial electronic equipment, specializing in embedded technology. The company develops and sells proprietary products including embedded modules, image processing modules, and measurement/communication devices, alongside contract-manufactured products such as semiconductor manufacturing equipment components and industrial control/measurement instruments. Key customers for contract products include Nikon Corporation and Tokyo Electron Limited.

Market Cap
¥21.1B
US$134M
EV
¥7.11B
US$45.2M
Stock¥3,620▼-0.55%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
5.9
x
LTM EV/EBIT
7.0
x
LTM PER
27.0
x
LTM PBR
1.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+35.2%pt
1001234
Oct 23, 25 – Oct 23, 26StockTOPIX
1Nov 14, 25Rise following Q2 earnings announcement
2Feb 13, 26Disappointment selling after Q3 earnings
3Mar 4, 26Decline after share buyback completion announcement
4Aug 14, 26Goodhart Partners LLP filed change report on shareholding (Aug 12)
MC → EV Bridge
21.1BUS$134MMarket Cap0.00BUS$0.00M+ Debt7.54BUS$48.0M− Cash6.41BUS$40.8M− Inv. Sec.7.11BUS$45.2MEV
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Performance & Balance
Revenue 5Y (¥B)
9.80US$62.4M'22/314.4US$91.6M'23/312.6US$80.1M'24/311.0US$69.9M'25/38.83US$56.2M'26/3
EBITDA 5Y (¥B)
2.03US$12.9M'22/32.50US$15.9M'23/32.22US$14.1M'24/31.62US$10.3M'25/30.89US$5.64M'26/3
Net Income 5Y (¥B)
1.49US$9.50M'22/34.27US$27.2M'23/35.26US$33.5M'24/31.14US$7.24M'25/30.55US$3.53M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
15.8US$100M'22/317.1US$109M'23/314.7US$93.5M'24/38.80US$56.0M'25/311.4US$72.7M'26/3
Shareholders
Top 10 hold 37.6%
1
NIKON CORPORATION
11.12%
2
STATE STREET BANK AND TRUST COMPANY 505025 (Standing Proxy: Mizuho Bank, Ltd.)
10.07%
3
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
3.67%
4
Kiyoshi SHIMAMURA
2.40%
5
Lasertec Corporation
1.88%
6
eSOL Co.,Ltd.
1.83%
7
Employee Stock Ownership Association
1.81%
8
THE BANK OF NEW YORK MELLON 140040 (Standing Proxy: Mizuho Bank, Ltd.)
1.73%
9
Yoshiki SASAKI
1.71%
10
Toyonori NAKAMURA
1.41%
Management
8 officers
Naoki IWAMOTO
Representative Director, President; in charge of Finance, Sales, and IT
Apr 1996 Joined the Company Apr 2011 Group Manager, No. 2 Group, No. 1 Development Department Jul 2013 General Manager, No. 1 Development Department Apr 2017 General Manager, No. 1 Development Department and General Manager, No. 2 Development Department Jun 2017 Director; General Manager, No. 1 Development Department and General Manager, No. 2 Development Department Jul 2018 Director; General Manager, No. 2 Development Department Apr 2024 Director; Head of No. 2 Development Department Jun 2024 Managing Director; in charge of Technology; Head of No. 2 Development Department Apr 2025 Managing Director Jun 2025 Managing Director; in charge of Sales and IT Jun 2026 Representative Director, President; in charge of Finance, Sales, and IT (current)
1974-05-03
Hidetaka MURATA
Director; in charge of Technology; Head of No. 1 Development Department
Apr 1995 Joined the Company Apr 2016 Group Manager, No. 1 Group, No. 1 Development Department Jul 2018 General Manager, No. 1 Development Department Apr 2024 Head of No. 1 Development Department Jun 2024 Director; Head of No. 1 Development Department Jun 2025 Director; in charge of Technology; Head of No. 1 Development Department (current)
1972-09-04
Hirotatsu KATO
Director; in charge of Production; Head of Production Control Department and Head of Manufacturing Department
Apr 1997 Joined the Company Apr 2014 Group Manager, Manufacturing Technology Group, Manufacturing Department Jul 2014 General Manager, Manufacturing Department Jul 2019 General Manager, Manufacturing Department and General Manager, Production Control Department Apr 2020 General Manager, Production Control Department Apr 2024 Head of Production Control Department Jun 2025 Director; in charge of Production; Head of Production Control Department and Head of Manufacturing Department (current)
1972-04-21
Hiroshi MIKAWA
Director; Head of Administration Division
Apr 1993 Joined the Company Jul 2009 Group Manager, Quality Control Group, Quality Assurance Department Jul 2013 General Manager, Quality Assurance Department Apr 2020 General Manager, Manufacturing Department Apr 2024 Head of Manufacturing Department Jun 2025 Director; Head of Administration Division (current)
1972-06-29
Yoichi KUMAZAWA
Director (Full-time Audit and Supervisory Committee Member)
Feb 1990 Joined the Company Apr 2007 Group Manager, No. 1 Group, Sales Department Jul 2015 General Manager, Production Control Department Jul 2017 Head of Management Strategy Office, Administration Division Jun 2020 Director; Head of Management Strategy Office, Administration Division Jul 2022 Director; Head of Management Strategy Office, Administration Division and General Manager, General Affairs Department Apr 2023 Director; General Manager, Business Planning Department and General Manager, General Affairs Department Apr 2024 Director; Head of Administration Division Jun 2025 Director (Full-time Audit and Supervisory Committee Member) (current)
1965-02-22
Takenori KANEKO
Director (Audit and Supervisory Committee Member)
Jun 1992 Certified Public Accountant; worked at Arai Certified Public Accountant Office Jun 1998 Audit & Supervisory Board Member of the Company May 1999 Opened Kaneko Certified Public Accountant Office; Director (current) Jun 2004 Audit & Supervisory Board Member, Abal Nagasaki Co., Ltd. (now Tokyo Electron Device Nagasaki Co., Ltd.) Jun 2017 Director (Audit and Supervisory Committee Member) of the Company (current)
1964-11-09
Yoko ISHIZUKA
Director (Audit and Supervisory Committee Member)
Apr 1989 Joined Morgan Bank, Tokyo Branch Jul 1991 J.P. Morgan Securities Co., Ltd., Tokyo Branch Sep 2000 Joined Signify Japan Co., Ltd. Dec 2010 Registered as attorney-at-law Apr 2016 Established Ishizuka & Kodaira Law Office Jun 2021 Director (Audit and Supervisory Committee Member) of the Company (current) Jun 2022 Outside Director, HAKUTEN Co., Ltd. Jun 2023 Outside Director (Audit and Supervisory Committee Member), HAKUTEN Co., Ltd. (current)
1967-03-09
Toshio OKADA
Director (Audit and Supervisory Committee Member)
Apr 1982 Joined KEYENCE Corporation Oct 2001 President and Representative Director, iPROS Co., Ltd. Jun 2019 Outside Director, DAIKO XTECH Co., Ltd. (current) Jan 2020 Representative Director, MITOS Co., Ltd. (current) Jun 2025 Director (Audit and Supervisory Committee Member) of the Company (current)
1958-10-26
Large Shareholding Reports
Goodhart Partners LLP
2026-08-12
5.27%→4.25%
Goodhart Partners LLP
2026-08-03
6.33%→5.27%
Goodhart Partners LLP
2026-07-02
7.42%→6.33%
Goodhart Partners LLP
2026-06-25
8.61%→7.42%
Goodhart Partners LLP
2026-06-01
9.63%→8.61%
Goodhart Partners LLP
2026-03-18
10.64%→9.63%
Goodhart Partners LLP
2025-12-17
11.69%→10.64%
Goodhart Partners LLP
2025-12-05
10.48%→11.69%
Goodhart Partners LLP
2025-12-04
11.63%→10.48%
Goodhart Partners LLP
2025-10-29
12.67%→11.63%
Goodhart Partners LLP
2025-09-25
13.70%→12.67%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-13
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-08-12
Large Shareholding Report
EDINET
2026-08-03
Large Shareholding Report
EDINET
2026-07-02
Large Shareholding Report
EDINET
2026-06-25
Large Shareholding Report
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-01
Large Shareholding Report
EDINET
2026-03-18
Large Shareholding Report
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-17
Large Shareholding Report
EDINET
2025-12-05
Large Shareholding Report
EDINET
2025-12-04
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-29
Large Shareholding Report
EDINET
2025-09-25
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-21
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
2023-08-10
Quarterly Securities Report
Period: Apr 2020 – 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
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-23
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
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