Overview
Transportation Equipment

TOPY INDUSTRIES,LIMITED

Topy Industries is a comprehensive metal processing group operating two core segments: a Steel segment producing H-beams, general steel sections, and deformed bars via electric arc furnace for domestic and international construction markets; and an Automotive & Industrial Machinery Components segment manufacturing steel and aluminum wheels for automobiles and construction machinery, undercarriage components for bulldozers and power shovels, industrial fasteners, and press parts. The company holds a dominant domestic market share in construction machinery undercarriage parts and is recognized as a top-tier supplier of automotive and industrial vehicle wheels, with a global procurement capability serving automakers across Japan, Europe, the Americas, and Asia. Additional businesses include synthetic mica production, civil engineering and construction, real estate leasing, and sports facility operations.

Market Cap
¥65.2B
US$416M
EV
¥77.2B
US$492M
Stock¥3,015▼-0.82%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.1
x
LTM EV/EBIT
11.0
x
LTM PER
7.0
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-15.1%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 4, 26Market-wide: Rate hike concerns adjustment
MC → EV Bridge
65.2BUS$416MMarket Cap67.4BUS$430M+ Debt30.5BUS$195M− Cash26.3BUS$168M− Inv. Sec.1.49BUS$9.52M+ NCI77.2BUS$492MEV
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Performance & Balance
Revenue 5Y (¥B)
271US$1.73B'22/3334US$2.13B'23/3334US$2.13B'24/3301US$1.92B'25/3298US$1.90B'26/3
EBITDA 5Y (¥B)
11.1US$70.6M'22/320.5US$131M'23/323.2US$148M'24/317.5US$112M'25/319.6US$125M'26/3
Net Income 5Y (¥B)
0.39US$2.46M'22/36.32US$40.3M'23/34.68US$29.8M'24/36.39US$40.7M'25/310.2US$64.7M'26/3
Capital Structure
68%
32%
EquityD/E 0.47xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
48.5US$310M86.4US$551M'22/351.0US$325M83.9US$535M'23/367.6US$431M75.0US$478M'24/358.2US$371M63.8US$407M'25/356.1US$358M59.4US$379M'26/3
Shareholders
Top 10 hold 56.1%
1
NIPPON STEEL CORPORATION
22.01%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
8.62%
3
Topy Fund
5.69%
4
Meiji Yasuda Life Insurance Company (Standing Proxy: Custody Bank of Japan, Ltd.)
4.45%
5
Mizuho Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
3.60%
6
TOPY INDUSTRIES,LIMITED Employee Stock Ownership Association
3.51%
7
Custody Bank of Japan, Ltd. (Trust Account)
3.27%
8
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
2.42%
9
STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Mizuho Bank, Ltd.)
1.35%
10
BNYM AS AGT/CLTS NON TREATY JASDEC (Standing Proxy: MUFG Bank, Ltd.)
1.20%
Management
10 officers
Hiromi ISHII
Representative Director, President
As described in a) above
1960-02-04
Masahiro ABE
Senior Managing Director; Assistant to the President; in charge of Corporate Planning, Technology, Health and Safety, DX Strategy, R&D Center, Sustainability Strategy, Procurement, and Logistics
As described in a) above
1963-12-20
Katsuyoshi TANAKA
Senior Managing Director; in charge of Steel Business, General Manager, Steel Business Division; in charge of Automotive and Industrial Machinery Parts Business, General Manager, Construction Machinery Division
As described in a) above
1963-12-24
Yu YASUHARA
Senior Managing Director; in charge of Finance, General Affairs, Human Resources, and Risk Management; supports Health and Safety on health matters; supports DX Strategy on DX talent development
As described in a) above
1964-07-05
Ken KOMATSU
Director; in charge of Automotive and Industrial Machinery Parts Business; General Manager, Automotive Parts Business Division
Apr 1991 Joined Nihon Kokudo Kaihatsu Co., Ltd. Jan 2000 Joined the Company Apr 2025 Executive Officer; Deputy General Manager, Automotive Parts Business Division Jun 2025 Executive Officer; Deputy General Manager, Automotive Parts Business Division; Representative Director, President, Lintex Co., Ltd. Apr 2026 Executive Officer, in charge of Automotive and Industrial Machinery Parts Business; General Manager, Automotive Parts Business Division; Representative Director, President, Lintex Co., Ltd. Jun 2026 Director, in charge of Automotive and Industrial Machinery Parts Business; General Manager, Automotive Parts Business Division (current)
1968-12-26
Masatoshi TAKAHASHI
Director, Audit and Supervisory Committee Member
Apr 1986 Joined Toyohashi Shinkin Bank Nov 1989 Joined the Company Apr 2018 Executive Officer; Special Assignment General Manager, Corporate Planning Department; Head of Corporate Planning Group May 2018 Executive Officer; Vice President, Director, Asahi Tec Corporation (seconded) Apr 2020 Advisor; Vice President, Director, Asahi Tec Corporation (seconded) Apr 2021 Advisor; Representative Director, President, Asahi Tec Corporation (seconded) Feb 2022 Advisor; General Manager, Aluminum Center, Press Business Division; Representative Director, President, Asahi Tec Corporation (seconded) Apr 2022 Executive Officer; General Manager, Aluminum Center, Press Business Division; Representative Director, President, Asahi Tec Corporation (seconded) Apr 2023 Managing Executive Officer; General Manager, Finance Department Apr 2026 Managing Executive Officer; assigned to the President's office Jun 2026 Director, Audit and Supervisory Committee Member (current)
1963-10-02
Takao ISOZAKI
Outside Director
As described in a) above
1966-08-27
Atsuko KIDOKORO
Outside Director
As described in a) above
1976-03-10
Yasuhisa FUJIKI
Outside Director, Audit and Supervisory Committee Member
Apr 1984 Joined The Industrial Bank of Japan, Ltd. Apr 2012 Executive Officer; General Manager, International Business Department, Mizuho Corporate Bank, Ltd. Apr 2014 Managing Executive Officer, in charge of Business, Mizuho Bank, Ltd. Apr 2018 Managing Executive Officer, Kogin Lease Co., Ltd. Jun 2019 Managing Director, Kogin Lease Co., Ltd. Apr 2021 Director, Mizuho Leasing Co., Ltd. Jun 2021 Representative Director, Vice President, Mizuho Marubeni Leasing Corporation Apr 2024 Outside Audit & Supervisory Board Member, ML Power Co., Ltd. Jun 2024 Outside Audit & Supervisory Board Member, the Company Jun 2024 Outside Audit & Supervisory Board Member, Nippon Hume Corporation (current) Jun 2026 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1962-03-01
Shinya MAKINO
Outside Director, Audit and Supervisory Committee Member
Apr 1983 Joined Yasuda Life Insurance Company Jul 2013 Executive Officer; General Manager, Product Department, Meiji Yasuda Life Insurance Company Apr 2015 Managing Executive Officer, Meiji Yasuda Life Insurance Company Apr 2017 Senior Managing Executive Officer, Meiji Yasuda Life Insurance Company Apr 2020 Executive Vice President Executive Officer, Meiji Yasuda Life Insurance Company Jul 2020 Director; Executive Vice President Executive Officer, Meiji Yasuda Life Insurance Company Jul 2021 Director; Representative Executive Vice President Executive Officer, Meiji Yasuda Life Insurance Company Apr 2024 Director, Meiji Yasuda Life Insurance Company Jun 2024 Outside Director (Audit and Supervisory Committee Member), Hokuhoku Financial Group, Inc. (current) Jun 2024 Outside Audit & Supervisory Board Member, the Company Jul 2024 Representative Director, Chairman, Meiji Yasuda General Insurance Co., Ltd. (current) Jun 2026 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1961-03-19
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-04
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-04
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-02
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-21
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
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
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
2022-08-10
Quarterly Securities Report
EDINET
2022-06-23
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-24
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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