Overview
Electric Appliances

KEL CORPORATION

KEL Corporation is a Japanese connector manufacturer specializing in the design and manufacture of connectors, IC sockets, racks, and harnesses for industrial and imaging electronic equipment. The company's products serve applications in next-generation industrial equipment, enabling electrical connections between printed circuit boards and within/between devices. KEL differentiates itself through compact, high-functionality connector solutions targeting advanced industrial markets.

Market Cap
¥10.1B
US$64.4M
EV
¥4.58B
US$29.2M
Stock¥1,388▼-0.86%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.1
x
LTM EV/EBIT
13.1
x
LTM PER
44.5
x
LTM PBR
0.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-21.7%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
10.1BUS$64.4MMarket Cap0.80BUS$5.13M+ Debt4.26BUS$27.2M− Cash2.06BUS$13.1M− Inv. Sec.4.58BUS$29.2MEV
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Performance & Balance
Revenue 5Y (¥B)
12.8US$81.6M'22/314.5US$92.5M'23/312.2US$78.0M'24/311.9US$75.7M'25/312.9US$82.0M'26/3
EBITDA 5Y (¥B)
2.98US$19.0M'22/33.34US$21.3M'23/32.12US$13.5M'24/31.55US$9.89M'25/31.49US$9.51M'26/3
Net Income 5Y (¥B)
1.46US$9.28M'22/31.73US$11.0M'23/30.85US$5.43M'24/30.40US$2.56M'25/30.21US$1.34M'26/3
Capital Structure
95%
EquityD/E 0.05xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
6.06US$38.6M0.45US$2.87M'22/36.18US$39.4M0.45US$2.87M'23/36.59US$42.0M0.45US$2.87M'24/36.10US$38.9M0.47US$2.97M'25/36.20US$39.6M0.51US$3.28M'26/3
Shareholders
Top 10 hold 32.0%
1
KIKUSUI HOLDINGS CORPORATION
7.04%
2
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
4.01%
3
MUFG Bank, Ltd.
4.01%
4
THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD - SINGAPORE BRANCH PRIVATE BANKING DIVISION CLIENTS A/C 8221-623793 (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
3.84%
5
Yukio HASHIMOTO
3.16%
6
Asia Denshi Kogyo Co., Ltd.
2.50%
7
KEL CORPORATION Employee Stock Ownership Association
2.25%
8
ASG Japan Co., Ltd.
1.88%
9
Keiko HAGIWARA
1.68%
10
Makiko YAMAZAKI
1.64%
Management
7 officers
Akira KASUGA
Representative Director, President, Technology Division Head
Apr 1995 Joined the Company Jul 2014 General Manager, Third Technology Department Apr 2018 Deputy Division Head, Technology Division Jun 2019 Director Jun 2019 Division Head, Technology Division Jun 2021 Managing Director; General Manager, Product Strategy Office, and in charge of Production Division Jun 2022 Representative Director, President (current)
1971-05-10
Kentaro SEKINE
Managing Director, Sales Division Head, General Manager, Corporate Planning Office
Apr 1997 Joined the Company Jul 2014 General Manager, Second Sales Department Apr 2018 Deputy Division Head, Sales Division, and General Manager, Second Sales Department Apr 2019 Deputy Division Head, Sales Division; General Manager, Second Sales Department and Overseas Sales Department Apr 2020 Deputy Division Head, Sales Division, and General Manager, Overseas Sales Department Jun 2020 Director Jun 2020 Division Head, Sales Division (current) Jun 2021 Managing Director (current); General Manager, Corporate Planning Office, and in charge of Administration Division Jun 2022 General Manager, Corporate Planning Office (current)
1973-09-27
Hidenobu DAINAGA
Director, in charge of Production Reform Project, General Manager, Production Reform Office
Apr 1982 Joined the Company Apr 2010 General Manager, Manufacturing Technology Department Oct 2014 General Manager, Second Manufacturing Department Apr 2018 Deputy Division Head, Production Division, and General Manager, First Manufacturing Department Jun 2021 Director (current); Division Head, Production Division Jun 2025 In charge of Production Reform Project; General Manager, Production Reform Office (current)
1964-01-04
Naoki MAKITA
Director, Corporate Division Head
Apr 1993 Joined Thanks & Associates Co., Ltd. (now FamilyMart Co., Ltd.) Dec 2007 Joined Miho Japan Co., Ltd. Aug 2008 Joined I.D.Home Co., Ltd. Jan 2010 Joined the Company Apr 2021 General Manager, General Affairs Department Jun 2021 Director (current); Division Head, Administration Division Apr 2023 Division Head, Corporate Division (current) Jun 2025 In charge of Production Division
1971-02-12
Mitsuo OTA
Director, Audit and Supervisory Committee Member
Apr 1983 Joined The Mitsubishi Bank, Ltd. (now MUFG Bank, Ltd.) Sep 2004 Branch Manager, Yokkaichi Branch Apr 2014 Joined Sintokogio, Ltd. Jul 2015 Executive Officer, General Manager, Corporate Department Jun 2019 Director, Audit and Supervisory Committee Member (current)
1960-07-20
Toshihiko HARA
Director, Audit and Supervisory Committee Member
Mar 1982 Joined Honda Tsushin Kogyo Co., Ltd. May 1993 Joined the Company Apr 2009 General Manager, Second Manufacturing Department Oct 2014 General Manager, First Manufacturing Department Apr 2017 Deputy Division Head, Production Division, and General Manager, First Manufacturing Department Jun 2017 Director Jun 2017 Division Head, Production Division; General Manager, First Manufacturing Department Apr 2018 Division Head, Production Division; General Manager, Second Manufacturing Department Jun 2021 Director, Audit and Supervisory Committee Member (current)
1960-03-24
Kuniko YAMAMOTO
Director, Audit and Supervisory Committee Member
Oct 1998 Joined Tohmatsu & Co. (now Deloitte Touche Tohmatsu LLC) Apr 2002 Registered as Certified Public Accountant Jul 2012 Partner, Deloitte Touche Tohmatsu LLC Jan 2022 Founded Bloom Audit Corporation; Representative Partner (current) Jun 2023 Director, Audit and Supervisory Committee Member (current)
1973-03-14
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-07
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-27
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-09
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-08
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-08
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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