Overview
Electric Appliances

JEOL Ltd.

JEOL Ltd. develops and manufactures a comprehensive range of scientific instruments including electron microscopes (TEM, SEM, FIB), nuclear magnetic resonance (NMR) spectrometers, mass spectrometers, and electron beam lithography systems, serving academic research, semiconductor, life science, and industrial markets globally. The company also produces medical instruments such as automated biochemical analyzers and clinical laboratory information systems. JEOL's competitive strengths lie in its deep electron optics expertise, broad product portfolio spanning scientific, semiconductor, industrial, and medical applications, and an extensive global sales and service network.

Market Cap
¥334B
US$2.13B
EV
¥299B
US$1.91B
Stock¥6,848▼-0.70%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
12.5
x
LTM EV/EBIT
16.4
x
LTM PER
21.2
x
LTM PBR
2.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+10.7%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jan 16, 26New year selective buying
2Aug 17, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
334BUS$2.13BMarket Cap16.2BUS$103M+ Debt32.2BUS$206M− Cash18.7BUS$119M− Inv. Sec.299BUS$1.91BEV
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Generating insights…
Performance & Balance
Revenue 5Y (¥B)
138US$883M'22/3163US$1.04B'23/3174US$1.11B'24/3197US$1.25B'25/3179US$1.14B'26/3
EBITDA 5Y (¥B)
18.2US$116M'22/328.8US$184M'23/332.2US$205M'24/340.4US$258M'25/331.4US$200M'26/3
Net Income 5Y (¥B)
12.3US$78.3M'22/317.8US$114M'23/321.7US$138M'24/318.7US$119M'25/322.1US$141M'26/3
Capital Structure
90%
EquityD/E 0.12xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
53.1US$339M16.9US$108M'22/343.9US$280M12.3US$78.3M'23/361.1US$390M15.8US$101M'24/350.9US$325M9.28US$59.2M'25/355.7US$355M27.1US$173M'26/3
Shareholders
Top 10 hold 38.4%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
14.31%
2
Custody Bank of Japan, Ltd. (Trust Account)
5.18%
3
MLI FOR CLIENT GENERAL OMNI NON COLLATERAL NON TREATY-PB (Standing Proxy: BofA Securities Japan Co., Ltd.)
3.47%
4
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
3.30%
5
Nihon Denshi Kyoeikai
2.75%
6
MUFG Bank, Ltd.
2.29%
7
Nippon Life Insurance Company
2.12%
8
MISAKI ENGAGEMENT MASTER FUND (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited)
1.85%
9
JEOL Ltd. Employee Stock Ownership Association
1.57%
10
STATE STREET BANK AND TRUST COMPANY 505301 (Standing Proxy: Mizuho Bank, Ltd.)
1.54%
Management
11 officers
Izumi OI
Representative Director, President and CEO
Apr 1986 Joined the Company Apr 2012 General Manager, Management Strategy Office Jun 2013 Appointed Executive Officer Jun 2015 Appointed Director and Executive Officer Jun 2016 Appointed Director and Managing Executive Officer Apr 2019 Deputy in charge of Management Strategy Jun 2019 Appointed Representative Director, President and COO; in charge of overall management and Chief Operating Officer Jun 2022 Appointed Representative Director, President and CEO (current)
1964-01-09
Katsuki YAGUCHI
Director and Senior Managing Executive Officer, in charge of Finance and IT
Apr 1982 Joined the Company Apr 2011 General Manager, Finance Division Jun 2011 Appointed Executive Officer Apr 2016 General Manager, U.S. Office Jun 2016 Appointed Managing Executive Officer May 2021 In charge of Finance and IT (current); in charge of export trade control Jun 2021 Appointed Director and Managing Executive Officer Apr 2024 Appointed Director and Senior Managing Executive Officer (current)
1959-10-23
Toshihiko KANAYAMA
Director and Executive Officer, General Manager, Management Strategy Office
Apr 1990 Joined the Company Apr 2016 General Manager, Finance Division Jun 2020 General Manager, Europe Apr 2021 Appointed Executive Officer Apr 2023 General Manager, Management Strategy Office (current) Jun 2024 Appointed Director and Executive Officer (current)
1966-12-20
Ryuji KANNO
Outside Director
Nov 1999 President and Representative Director, Yokogawa Analytical Systems, Inc. (now Agilent Technologies Japan, Ltd.) Feb 2007 Vice President and Representative Director, Agilent Technologies Japan, Ltd. Feb 2008 President and Representative Director, Human Metabolome Technologies, Inc. Jun 2018 Non-Executive Director, Rigaku Corporation Sep 2019 Chairman of the Board, Human Metabolome Technologies, Inc. Sep 2020 Senior Adviser, Human Metabolome Technologies, Inc. (current) May 2021 Adviser, Japan Biotechnology Council, General Incorporated Association (current) Jun 2021 Appointed Outside Director of the Company (current)
1950-03-23
Kaoru TERASHIMA
Outside Director
Apr 2011 General Manager, IVD Innovation Department, Medical Systems Business Unit, FUJIFILM Corporation Jan 2017 Executive Officer, Deputy General Manager, Medical Systems Business Unit, and in charge of IVD Innovation Department, FUJIFILM Corporation Jun 2020 Fellow, FUJIFILM Corporation Jun 2021 Adviser, FUJIFILM Corporation Jun 2022 Appointed Outside Director of the Company (current) Jul 2023 Non-Executive Director, Rijaa Co., Ltd. (current)
1956-12-14
Yukari SHIKATA
Outside Director
Apr 1987 Joined Nissho Iwai Corporation (now Sojitz Corporation) Sep 1987 Joined Nihon General Electric K.K. (now GE Japan Corporation) Jul 1997 Head of Human Resources and General Affairs, General Electric Capital Car Systems K.K. Feb 2001 Director, Head of Human Resources, GE Yokogawa Medical Systems, Ltd. (now GE Healthcare Japan Corporation) Jan 2003 Executive Officer, Head of Human Resources, AIU Insurance Company (now AIG General Insurance Company, Ltd.) Feb 2006 Executive Officer, Head of Human Resources, Microsoft Japan Co., Ltd. Oct 2011 Director, Head of Human Resources, GlaxoSmithKline K.K. Apr 2012 Steering Committee Member, Keizai Doyukai (Japan Association of Corporate Executives) Oct 2016 Human Resources Adviser and HR Consultant (current) Jun 2021 Outside Director, JALUX Inc. Jun 2023 Appointed Outside Director of the Company (current) Jun 2024 Outside Director, Kansai Paint Co., Ltd. (current)
1964-04-09
Akihiro NAKAO
Outside Director
Apr 2008 Joined Corporate Directions, Inc. Jan 2013 Joined A.T. Kearney K.K. Jul 2017 Joined Misaki Investment Co., Ltd. as Engagement Officer Mar 2021 Managing Director, Misaki Investment Co., Ltd. Dec 2021 Executive Officer and Managing Director, Misaki Investment Co., Ltd. Mar 2025 Representative Director, NAGI Co., Ltd. (current) Apr 2025 Managing Director, Misaki Investment Co., Ltd. Jun 2025 Appointed Outside Director of the Company (current)
1983-06-19
Koichi FUKUYAMA
Full-time Audit & Supervisory Board Member
Apr 1982 Joined the Company Apr 2005 General Manager, Management Strategy Office Apr 2006 General Manager, Operations Management Office Jun 2006 Appointed Executive Officer Jun 2009 Appointed Director and Executive Officer Jun 2011 Appointed Director and Managing Executive Officer Apr 2016 In charge of Sales and Brand Strategy Jun 2016 Appointed Director and Senior Managing Executive Officer Apr 2018 In charge of Business Management Center Jun 2022 Appointed Full-time Audit & Supervisory Board Member (current)
1959-07-31
Mitsuru TAKAHASHI
Full-time Audit & Supervisory Board Member
Apr 1984 Joined the Company Oct 2007 General Manager, Accounting Department, Finance Division Apr 2012 General Manager, Production Control Division, Supply Chain Center Apr 2013 Deputy Director, Supply Chain Center Jun 2015 Appointed Executive Officer Apr 2016 Director, Supply Chain Center, and General Manager, Materials Division Apr 2017 In charge of Production Jun 2021 Appointed Full-time Audit & Supervisory Board Member (current)
1960-10-01
Yukako OSHIMI
Outside Audit & Supervisory Board Member
Oct 2002 Registered as attorney-at-law; joined Nagashima Ohno & Tsunematsu Apr 2011 Seconded to Legal Department, Ricoh Company, Ltd. Sep 2014 Partner, Shibata, Suzuki & Nakata Law Office (now LBX Law Office) (current) Jun 2015 Outside Audit & Supervisory Board Member, JP Holdings, Inc. Mar 2019 Outside Audit & Supervisory Board Member, Fuji Soft Inc. Jun 2019 Outside Audit & Supervisory Board Member, Kureha Corporation Dec 2020 Outside Audit & Supervisory Board Member, Nihon CMK Co., Ltd. Nov 2021 Supervisory Officer, Orix JREIT, Inc. Jan 2022 Outside Audit & Supervisory Board Member, Prored Partners, Inc. Jan 2024 Outside Director (Audit and Supervisory Committee Member), Prored Partners, Inc. (current) Jun 2025 Outside Audit & Supervisory Board Member, EXEO Group, Inc. (current) Jun 2025 Appointed Outside Audit & Supervisory Board Member of the Company (current) Jun 2025 Outside Audit & Supervisory Board Member, Industrial Innovation Investment Corporation (current) Nov 2025 Executive Officer, Orix JREIT, Inc. (current)
1976-08-11
Asami HIROKAWA
Outside Audit & Supervisory Board Member
Apr 1984 Joined Tokyu Department Store Co., Ltd. Oct 1989 Joined Aoyama Audit Corporation Sep 1993 Registered as Certified Public Accountant Sep 2006 Partner, PwC Aarata LLC (now PwC Japan LLC) Sep 2008 Inspector, Certified Public Accountants and Auditing Oversight Board Jul 2009 Assistant Director, Examination and Inspection Office, Secretariat of the Certified Public Accountants and Auditing Oversight Board Jul 2011 Director, Methodology and Technology Department, PwC Aarata LLC (now PwC Japan LLC) Jul 2012 Partner, PwC Aarata LLC (now PwC Japan LLC) Jul 2021 Director, Practice Division, Japanese Institute of Certified Public Accountants Aug 2023 Established Hirokawa CPA Office; Head of Office (current) Jun 2026 Appointed Outside Audit & Supervisory Board Member of the Company
1961-06-06
Large Shareholding Reports
Nomura Asset Management Co., Ltd.
2026-07-24
8.57%→10.10%
Orbis Investment Management Limited
2026-07-07
7.47%→8.85%
Orbis Investment Management Limited
2026-06-05
5.38%→7.47%
Orbis Investment Management Limited
2026-05-12
5.38%
Nomura Asset Management Co., Ltd.
2026-04-07
7.12%→8.57%
Nomura Asset Management Co., Ltd.
2026-02-05
8.09%→7.12%
Nomura Asset Management Co., Ltd.
2025-10-06
8.11%→8.09%
Nomura Asset Management Co., Ltd.
2025-09-24
8.84%→8.11%
Nomura Asset Management Co., Ltd.
2025-08-28
9.90%→8.84%
Nomura Asset Management Co., Ltd.
2025-08-15
10.68%→9.90%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-24
Large Shareholding Report
EDINET
2026-07-07
Large Shareholding Report
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-05-12
Large Shareholding Report
EDINET
2026-04-07
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-02-05
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-06
Large Shareholding Report
EDINET
2025-09-24
Large Shareholding Report
EDINET
2025-08-28
Large Shareholding Report
EDINET
2025-08-15
Large Shareholding Report
TDnet
2025-08-13
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-13
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2023-08-30
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINETAmended
2023-08-30
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
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