Overview
Transportation Equipment

KYOKUTO KAIHATSU KOGYO CO.,LTD.

Kyokuto Kaihatsu Kogyo is a comprehensive manufacturer of special purpose vehicles (SPVs), including dump trucks, tail-gate lifters, tank lorries, garbage collection vehicles, trailers, and wing-body trucks, serving logistics, construction, and sanitation markets in Japan and overseas. The company also designs and constructs environmental/recycling facilities such as waste processing plants, biogas plants, and RDF facilities, while operating a parking systems business encompassing multi-story parking structures, coin parking lots, and EV charging management services. With manufacturing operations in China, Indonesia, India, and Australia, the group leverages a broad product portfolio and global supply chain to maintain a leading position in Japan's SPV market.

Market Cap
¥80.5B
US$512M
EV
¥95.6B
US$608M
Stock¥2,090▲+0.19%
US$1 = ¥157.25 (2026-10-30)
LTM EV/EBITDA
6.3
x
LTM EV/EBIT
10.2
x
LTM PER
8.4
x
LTM PBR
0.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-39.8%pt
100
Nov 4, 25 – Oct 30, 26StockTOPIX
MC → EV Bridge
80.5BUS$512MMarket Cap41.5BUS$264M+ Debt15.2BUS$96.9M− Cash12.7BUS$80.8M− Inv. Sec.1.59BUS$10.1M+ NCI95.6BUS$608MEV
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Performance & Balance
Revenue 5Y (¥B)
117US$743M'22/3113US$719M'23/3128US$814M'24/3140US$893M'25/3161US$1.03B'26/3
EBITDA 5Y (¥B)
9.88US$62.8M'22/33.87US$24.6M'23/37.89US$50.2M'24/310.7US$67.8M'25/313.8US$87.5M'26/3
Net Income 5Y (¥B)
14.3US$90.8M'22/33.58US$22.8M'23/33.50US$22.3M'24/35.82US$37.0M'25/33.69US$23.5M'26/3
Capital Structure
73%
27%
EquityD/E 0.37xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
39.8US$253M1.23US$7.84M'22/331.9US$203M11.1US$70.4M'23/332.9US$209M11.8US$75.2M'24/335.7US$227M30.2US$192M'25/334.5US$219M42.0US$267M'26/3
Shareholders
Top 10 hold 41.6%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
15.07%
2
Sumitomo Mitsui Banking Corporation
4.15%
3
Kyokuto Kaihatsu Kyoeikai
4.11%
4
Japan Custody Bank, Ltd. (re-trust by Resona Bank, Ltd. / Minato Bank, Ltd. Retirement Benefit Trust Account)
3.89%
5
KYOKUTO KAIHATSU KOGYO CO.,LTD. Employee Stock Ownership Association
3.21%
6
Custody Bank of Japan, Ltd. (Trust Account)
3.15%
7
Mitsubishi UFJ Trust and Banking Corporation (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
2.62%
8
Ikuo MIYAHARA
2.11%
9
Japan Custody Bank, Ltd. (re-trust by Sumitomo Mitsui Trust Bank, Ltd. / Kajima Road Co., Ltd. Retirement Benefit Trust Account)
1.71%
10
Topre Corporation
1.57%
Management
13 officers
Tatsuya NUNOHARA
Representative Director, President and Executive Officer
Apr 1982 Joined the Company Apr 2010 Head of Technology Department, Miki Plant Apr 2012 General Manager, Development Department Apr 2013 Executive Officer; Deputy General Manager, Technology Division Apr 2015 General Manager, Technology Division; General Manager, Technology Management Department Apr 2017 General Manager, Production Division Jun 2017 Director Apr 2018 General Manager, Specialty Vehicle Business Division Apr 2020 Managing Executive Officer; General Manager, Specialty Vehicle Business Division (special assignment) Jun 2020 Representative Director, President (current); President and Executive Officer (current)
1959-01-21
Takeo NORIMITSU
Representative Director, Senior Managing Director; Senior Managing Executive Officer; General Manager, Administration Division
Apr 2007 Joined the Company; General Manager, Corporate Planning Department Apr 2011 Executive Officer; General Manager, Overseas Promotion Department Apr 2017 General Manager, Overseas Business Division Jun 2017 Director Apr 2018 Chairman, Far East Special Vehicle Trading (Shanghai) Co., Ltd.; Chairman, Kyokuto Kaihatsu (Kunshan) Machinery Co., Ltd. Jun 2019 Managing Executive Officer Sep 2020 Director, SATRAC ENGINEERING PRIVATE LIMITED (current) Apr 2022 General Manager, Administration Division (current); General Manager, Corporate Planning Department; Overseas business involvement (current); Parking business involvement (current) Apr 2024 Senior Managing Executive Officer (current) Jun 2024 Representative Director, Senior Managing Director (current) Apr 2026 Chairman, SATRAC ENGINEERING PRIVATE LIMITED (current)
1958-08-15
Noboru HORIMOTO
Director, Managing Executive Officer; General Manager, Environmental Business Division
Apr 1988 Joined the Company Apr 2008 General Manager, Construction Department, Environmental Business Division Apr 2011 Executive Officer; Deputy General Manager, Environmental Business Division Apr 2013 General Manager, Sales Division, Environmental Business Division; General Manager, Service Department, Environmental Business Division Oct 2013 General Manager, Environmental Planning Office, Environmental Business Division Apr 2019 General Manager, Environmental Business Division (current) Jun 2019 Director (current); involvement in environmental business affiliates (current) Apr 2023 Managing Executive Officer (current); General Manager, Engineering Division, Environmental Business Division
1965-02-28
Teruyuki KIZU
Director, Managing Executive Officer; General Manager, Specialty Vehicle Business Division
Nov 1992 Joined the Company Apr 2016 General Manager, Miki Plant Apr 2017 General Manager, Yokohama Plant Apr 2018 Executive Officer Apr 2019 General Manager, Production Division Apr 2021 Managing Executive Officer (current) Jun 2022 General Manager, Specialty Vehicle Business Division (current); Chairman, Far East Special Vehicle Trading (Shanghai) Co., Ltd. (current); Chairman, Kyokuto Kaihatsu (Kunshan) Machinery Co., Ltd. (current); Director (current)
1966-01-07
Tetsuya ICHIMURA
Director, Executive Officer; General Manager, Finance Department, Administration Division
Sep 2003 Joined the Company Apr 2019 General Manager, Finance Department, Administration Division (current) Apr 2022 Executive Officer (current); Audit & Supervisory Board Member, Nihon Trex Co., Ltd. (current) Jun 2024 Director (current)
1972-03-03
Akira SAKURAI
Director, Full-time Audit and Supervisory Committee Member
Apr 1981 Joined the Company May 2000 Representative Director, President, Softec Co., Ltd. Apr 2006 General Manager, Information Systems Department Apr 2009 General Manager, General Affairs and Human Resources Department Apr 2013 Executive Officer; Deputy General Manager, Administration Division Apr 2015 Involvement in CSR Office Apr 2017 General Manager, Human Resources Department Apr 2019 Director, Managing Executive Officer, Nihon Trex Co., Ltd.; General Manager, Administration Division and Head of Internal Audit Office, Nihon Trex Co., Ltd. Jun 2022 Audit & Supervisory Board Member (current) Jun 2026 Director (scheduled); Full-time Audit and Supervisory Committee Member (scheduled)
1959-03-02
Hiroaki KURIYAMA
Director, Audit and Supervisory Committee Member
Apr 1980 Joined the Company May 2007 General Manager, Product Planning Department Apr 2009 General Manager, Production Promotion Department Apr 2012 General Manager, Miki Plant Apr 2014 Executive Officer Apr 2015 General Manager, Sales Division Apr 2017 Director, Managing Executive Officer, Nihon Trex Co., Ltd. Apr 2019 Representative Director, President, Kyokuto Kaihatsu Parking Co., Ltd.; Representative Director, President, Sasashima Live Parking Co., Ltd. Jun 2023 Audit & Supervisory Board Member (current) Jun 2026 Director (scheduled); Audit and Supervisory Committee Member (scheduled)
1957-01-02
Hiroyuki TERAKAWA
Director
Apr 1979 Joined Hanshin Electric Railway Co., Ltd. Jul 2001 General Manager, Nishi-Umeda Management Department, Hanshin Electric Railway Co., Ltd. Jul 2005 General Manager, Umeda Business Division, Hanshin Electric Railway Co., Ltd. Oct 2007 Director, Managing Executive Officer, Hankyu Hanshin Building Management Co., Ltd. Apr 2009 Director, Hanshin Electric Railway Co., Ltd. Apr 2011 Deputy General Manager, Real Estate Business Division, Hanshin Electric Railway Co., Ltd. Apr 2013 Managing Director, Hanshin Electric Railway Co., Ltd. Apr 2015 General Manager, Real Estate Business Division, Hanshin Electric Railway Co., Ltd. Apr 2017 Senior Managing Director, Hanshin Electric Railway Co., Ltd. Dec 2017 Chairman and Representative Director, Hankyu Hanshin Building Management Co., Ltd. Jan 2018 Director, Osaka Building Owners Association (General Incorporated Association) Jun 2022 Director, Japan Lifestyle Culture Promotion Council (General Incorporated Association) (current); Director of the Company (current)
1956-11-13
Keiko KANEKO
Director
Apr 1981 Joined Matsushita Electric Industrial Co., Ltd. (now Panasonic Holdings Corporation) Apr 2007 General Manager, Information Security Division, Matsushita Electric Industrial Co., Ltd. Apr 2014 Officer in charge of personal information protection, Legal Division, Matsushita Electric Industrial Co., Ltd. Oct 2014 Executive Officer, General Manager, Security and Compliance Division, Benesse Holdings, Inc. Jun 2016 General Manager, Information Security Division, Benesse Holdings, Inc. Nov 2016 Vice Chairman, Japan Association for Information Network Law Apr 2018 Associate Professor, Department of Business Law, Faculty of Business Administration, Osaka University of Economics Jun 2019 Outside Director, Marudai Food Co., Ltd. Jun 2022 Director of the Company (current) Jun 2024 Outside Director, Ikedasenshu Holdings Co., Ltd. (current); Non-Executive Director, Ikedasenshu Bank, Ltd. (current)
1958-11-27
Takanobu TOMOHIRO
Director
Apr 1991 Registered as attorney; joined Koegoshi & Takizawa Law Office (now Kobe Kaito Law Office) Apr 1994 Partner, Kobe Kaito Law Office (current) Apr 2004 Vice President, Hyogo Bar Association Apr 2016 Outside Audit & Supervisory Board Member, Sawai Pharmaceutical Co., Ltd. (now Sawai Group Holdings Co., Ltd.) Apr 2020 President, Hyogo Bar Association; Managing Director, Japan Federation of Bar Associations; Managing Director, Kinki Federation of Bar Associations Jun 2023 Chairman, Board of Councilors, Hyogo Bar Association Director of the Company (current)
1958-10-29
Kuniaki FUJIWARA
Director, Audit and Supervisory Committee Member
Apr 1978 Joined The Taiyo Kobe Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Apr 2007 Executive Officer, Sumitomo Mitsui Banking Corporation May 2009 Senior Managing Executive Officer, Ginsen Co., Ltd. Jun 2009 Senior Managing Director, Ginsen Co., Ltd. Apr 2011 Deputy President and Executive Officer, Sakura KCS Co., Ltd. Jun 2011 Representative Director, Sakura KCS Co., Ltd. Oct 2013 Representative Director, President and Executive Officer, Sakura KCS Co., Ltd. Jun 2018 Outside Audit & Supervisory Board Member, Sanyo Shikiso Co., Ltd. (current) Jun 2019 Audit & Supervisory Board Member of the Company (current) Jun 2026 Director (scheduled); Audit and Supervisory Committee Member (scheduled)
1954-07-01
Nobuhiro ASADA
Director, Audit and Supervisory Committee Member
Apr 1998 Registered as attorney; joined Rokko Sogo Law Office (now Rokko Law Office) Apr 2010 Vice President, Hyogo Bar Association Apr 2012 Vice Chairman, Legal Training Committee, Japan Federation of Bar Associations; Chairman, Legal Training Committee, Hyogo Bar Association Apr 2013 Deputy Director, Hyogo Branch Office, Japan Legal Support Center Jul 2016 Member, Hyogo Prefectural Administrative Appeal Examination Committee (current) Jun 2018 Head of Rokko Law Office (current) Oct 2021 Public Interest Member, Hyogo Labor Relations Commission (current) Jun 2023 Audit & Supervisory Board Member of the Company (current) Jun 2026 Director (scheduled); Audit and Supervisory Committee Member (scheduled)
1970-09-04
Yoko YAMADA
Director, Audit and Supervisory Committee Member
Mar 1980 Joined Renown, Inc. Apr 1996 Joined Shiho Yotsukata CPA Office Apr 2000 Registered as Certified Public Accountant Dec 2002 Registered as Certified Tax Accountant Jan 2008 Head, Yoko Yamada Certified Public Accountant and Tax Accountant Office (current) Dec 2008 Member, Kyotango City Political Ethics Review Committee (current) Jun 2022 President, Kyoto-Shiga Chapter, Japanese Institute of Certified Public Accountants Jul 2022 Managing Director, Japanese Institute of Certified Public Accountants Jun 2023 Outside Audit & Supervisory Board Member, Shofu Inc. (current) Jun 2026 Director (scheduled); Audit and Supervisory Committee Member (scheduled)
1957-03-05
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Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-05-08
特別損益
TDnet
2026-05-08
業績予想の修正
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-15
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-06
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-12-09
Large Shareholding Report
EDINET
2024-12-09
Large Shareholding Report
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2024-10-24
Large Shareholding Report
EDINET
2024-08-21
Large Shareholding Report
EDINETAmended
2024-07-31
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-06-03
Large Shareholding Report
EDINET
2024-02-08
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
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-09
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-06-13
Large Shareholding Report
EDINET
2022-03-22
Large Shareholding Report
EDINET
2022-03-17
Large Shareholding Report
EDINET
2022-02-16
Large Shareholding Report
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