Overview
Transportation Equipment

KASAI KOGYO CO.,LTD.

Kasai Kogyo is a global integrated manufacturer of automotive interior and exterior components, handling everything from planning and development through production and sales. The company's core products include cabin trim systems, luggage trim, and acoustic/soundproofing parts, supplied to major OEMs including Nissan, Honda, Toyota, Subaru, Volkswagen, and General Motors. With manufacturing operations spanning Japan, North America (USA, Mexico), Europe (UK, India), and Asia (China, Taiwan, Thailand, Indonesia, Malaysia), the company leverages proprietary technologies to deliver high-quality interior trim systems on a global scale.

Market Cap
¥15.6B
US$99.3M
EV
¥67.1B
US$427M
Stock¥403▲+1.00%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
4.1
x
LTM EV/EBIT
5.4
x
LTM PER
2.0
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+247.8%pt
10012
Oct 23, 25 – Oct 23, 26StockTOPIX
1Oct 27, 25Mexico subsidiary accounting correction completed
2Nov 14, 25Credit concerns from delayed securities filing
MC → EV Bridge
15.6BUS$99.3MMarket Cap73.6BUS$469M+ Debt29.4BUS$187M− Cash3.03BUS$19.3M− Inv. Sec.10.3BUS$65.5M+ NCI67.1BUS$427MEV
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Performance & Balance
Revenue 5Y (¥B)
147US$939M'22/3175US$1.12B'23/3214US$1.36B'24/3219US$1.39B'25/3196US$1.25B'26/3
EBITDA 5Y (¥B)
-4.72-US$30.0M'22/3-7.56-US$48.2M'23/39.52US$60.6M'24/37.03US$44.7M'25/312.8US$81.5M'26/3
Net Income 5Y (¥B)
-19.0-US$121M'22/3-13.9-US$88.5M'23/3-1.56-US$9.93M'24/3-9.18-US$58.5M'25/34.05US$25.8M'26/3
Capital Structure
22%
78%
EquityD/E 3.58xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
32.7US$209M71.1US$453M'22/337.0US$236M79.8US$508M'23/326.8US$171M74.2US$472M'24/330.8US$196M77.1US$491M'25/329.7US$189M74.2US$473M'26/3
Shareholders
Top 10 hold 48.9%
1
NISSAN MOTOR CO.,LTD.
13.04%
2
NAGASE & CO.,LTD.
12.10%
3
Resona Bank, Limited
4.09%
4
Shoken Japan Co., Ltd.
3.56%
5
IKUYO CO.,LTD.
3.41%
6
KASAI KOGYO CO.,LTD. Business Partners' Stock Ownership Association
3.37%
7
The Bank of Yokohama, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
2.86%
8
Daiwa Securities Co. Ltd.
2.43%
9
Mizuho Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
2.06%
10
Sompo Japan Insurance Inc.
1.95%
Management
8 officers
Koji FURUKAWA
Representative Director, President; President Executive Officer; in charge of overall management, Internal Audit Department, New Business Creation Office; Information Handling Officer
Apr 1984 Joined Nissan Motor Co., Ltd. May 1987 Seconded to Nissan Prince Saitama Sales Co., Ltd. Aug 1989 Nissan Motor Co., Ltd., Procurement Division I Jul 1996 Seconded to Nissan Motor Manufacturing (UK) Ltd. Jul 1999 Nissan Motor Co., Ltd., Procurement Division II, Chief Apr 2002 Nissan Motor Co., Ltd., Purchasing Planning Department, Chief Apr 2003 Seconded to Dongfeng Motor Passenger Vehicle Company Apr 2006 Seconded to Renault-Nissan Purchasing Organization Apr 2009 Nissan Motor Co., Ltd., Powertrain Project Purchasing Department, General Manager Apr 2014 Nissan Motor Co., Ltd., Powertrain Project Purchasing Department, General Manager; seconded to Renault-Nissan Purchasing Organization Apr 2015 JATCO Ltd., Vice President (Head of Procurement) Oct 2015 JATCO Ltd., Managing Executive Officer (Head of Procurement) Apr 2017 JATCO Ltd., Senior Managing Executive Officer (Head of Procurement) Oct 2024 Advisor, the Company Nov 2024 Representative Director, President, the Company Apr 2025 Representative Director, President, the Company (current)
1961-09-10
Shigeki INAZU
Director, Executive Vice President; in charge of Development Division, Production Engineering Division, Production SCM Division, Production Sequence Optimization Promotion Office; North America Regional Head
Apr 1992 Joined Nissan Motor Co., Ltd., Tochigi Plant, Plant Engineering Department, Production Section Nov 1993 Seconded to Tokai Nissan Motor Co., Ltd. Dec 1995 Nissan Motor Co., Ltd., Tochigi Plant, Plant Engineering Department, Production Section Apr 2001 Nissan Motor Co., Ltd., Production Personnel Department Apr 2004 Nissan Motor Co., Ltd., Production Control Department Apr 2006 Nissan Motor Co., Ltd., Production Control Department, Chief Apr 2008 Seconded to Nissan Mexicana, S.A. de C.V. Apr 2013 Nissan Motor Co., Ltd., Production Control Department, Manager Apr 2015 Nissan Motor Co., Ltd., Production Control Department, General Manager Apr 2019 Seconded to Nissan do Brasil Automoveis Ltda. Apr 2023 Nissan Motor Co., Ltd., Deputy General Manager, Production Planning Division Oct 2024 Advisor, the Company Nov 2024 Director, Executive Vice President, the Company Mar 2025 Director, Executive Vice President, the Company Apr 2026 Director, Executive Vice President, the Company (current)
1967-11-26
Koichi OGAWA
Director, Senior Managing Executive Officer; General Manager, Corporate Planning Division; in charge of Accounting and Finance Group
Apr 1990 Joined The Saitama Bank, Ltd. (now Resona Bank, Ltd.) Nov 2004 Resona Bank, Ltd., Loan Planning Department, Group Leader Apr 2005 Resona Bank, Ltd., Operations Reform Department, Group Leader Apr 2010 Resona Bank, Ltd., General Manager, Shiba-Azabu Area Sales Department II Apr 2012 Resona Bank, Ltd., General Manager, Meguro Station Area Sales Department Apr 2014 Resona Bank, Ltd., General Manager, Muromachi Branch Apr 2016 Resona Bank, Ltd., General Manager, Risk Management Department; Resona Holdings, Inc., General Manager, Risk Management Department Jan 2018 Resona Bank, Ltd., General Manager, Credit Examination Department Apr 2019 Saitama Resona Bank, Ltd., Executive Officer; in charge of Compliance and Loan Planning Apr 2020 Resona Bank, Ltd., Executive Officer; in charge of Operations Reform and Loan Planning Jun 2022 Resona Bank, Ltd., Executive Officer, in charge of Internal Audit; Resona Holdings, Inc., Executive Officer, in charge of Internal Audit Apr 2023 Resona Bank, Ltd., Managing Executive Officer; Resona Holdings, Inc., Executive Officer Apr 2024 Senior Managing Executive Officer (General Manager, Corporate Planning Division), the Company Jun 2024 Director, Senior Managing Executive Officer (General Manager, Corporate Planning Division), the Company Jul 2024 Director, Senior Managing Executive Officer (General Manager, Corporate Planning Division); in charge of Accounting and Finance Group, the Company Apr 2025 Director, Senior Managing Executive Officer (General Manager, Corporate Planning Division); in charge of Accounting and Finance Group; General Manager, Internal Control Department, the Company Nov 2025 Director, Senior Managing Executive Officer (General Manager, Corporate Planning Division); in charge of Accounting and Finance Group, the Company Mar 2026 Director, Senior Managing Executive Officer; in charge of Accounting and Finance Group; General Manager, Accounting Department, the Company May 2026 Director, Senior Managing Executive Officer (General Manager, Corporate Planning Division; in charge of Accounting and Finance Group), the Company (current)
1968-01-15
Hikojun NOJI
Outside Director
Apr 1982 Joined The Yokohama Rubber Co., Ltd. Apr 2002 Yokohama Rubber Co., Ltd., Deputy Plant Manager, Shinjo Plant Jul 2004 Yokohama Rubber Co., Ltd., Plant Manager, Mishima Plant Jan 2007 Seconded as President, Yokohama Tire Philippines Inc. (YTPI) Jun 2008 Yokohama Rubber Co., Ltd., Executive Officer, Deputy General Manager, Tire Production Division; President, YTPI Jan 2009 Yokohama Rubber Co., Ltd., Executive Officer, General Manager, Tire Production Division Jun 2009 Yokohama Rubber Co., Ltd., Director, Managing Executive Officer, in charge of Tire Business; General Manager, Tire Production Division Mar 2011 Yokohama Rubber Co., Ltd., Director, Senior Managing Executive Officer, in charge of Tire Business; General Manager, Tire Production Division Jun 2011 Yokohama Rubber Co., Ltd., Representative Director, President Mar 2017 Yokohama Rubber Co., Ltd., Director, Vice Chairman; seconded as Chairman, ALIANCE TIRE GROUP Mar 2018 Yokohama Rubber Co., Ltd., Vice Chairman, Executive Officer; Chairman, ALIANCE TIRE GROUP Mar 2019 Yokohama Rubber Co., Ltd., Chief Engineer; Chairman and President, YOKOHAMA TIRE MFG. MISSISSIPPI Apr 2021 Yokohama Rubber Co., Ltd., Senior Advisor Apr 2024 Yokohama Rubber Co., Ltd., Honorary Advisor (current) Jun 2024 Outside Director, the Company (current) Outside Director, Ricoh Leasing Co., Ltd. (current) Outside Director, Hochiki Corporation (current)
1958-10-30
Daiji MATSUOKA
Outside Director
Apr 1994 Joined Nagase & Co., Ltd., Synthetic Resin Department 4 Jun 2001 Nagase & Co., Ltd., Synthetic Resin Business Division, SBU 10 Leader Apr 2005 Nagase & Co., Ltd., Nagoya Branch, Nagoya Sales Department, Automotive Materials Section 1, Section Head Mar 2006 Nagase & Co., Ltd., Business Strategy Office Oct 2007 Nagase Singapore (Pte) Ltd. Apr 2013 Nagase & Co., Ltd., Electronic Materials Division, Electronic Media Department, General Manager Jul 2015 Nagase & Co., Ltd., Electronic Materials Division, Electronic Materials Department 1, General Manager; President, Nagase Polishing Materials Co., Ltd. Sep 2018 Nagase (Hong Kong) Ltd., COO; COO, Shenzhen Nagase Trading Ltd. Apr 2022 Nagase & Co., Ltd., General Manager, Mobility Solutions Business Division Apr 2025 Nagase & Co., Ltd., Executive Officer, General Manager, Mobility Solutions Business Division (current) Jun 2025 Outside Director, the Company (current)
1970-07-07
Yasuhiro TAKEDA
Director (Full-time Audit and Supervisory Committee Member)
Apr 1984 Joined Nissan Motor Co., Ltd. Jun 1984 Nissan Motor Co., Ltd., Purchasing Control Department, Technical Section Oct 1987 Seconded to Nissan Cherry Tokyo Sales Co., Ltd. Nov 1989 Nissan Motor Co., Ltd., Purchasing Control Department, Technical Section Jan 1992 Seconded to Nissan Motor Manufacturing Corporation U.S.A. Jul 1995 Nissan Motor Co., Ltd., Procurement Division I, Mechanical Parts Section Jul 1999 Nissan Motor Co., Ltd., Purchasing Control Department, Chief Apr 2001 Seconded to Renault-Nissan Purchasing Organization Apr 2011 Joined the Company on secondment, Procurement Division, General Manager Apr 2012 Transferred to the Company, Procurement Division II, General Manager Oct 2012 Seconded to Kasai North America, Inc., General Manager Apr 2017 the Company, Production Control Group, Production Planning Department, General Manager Apr 2019 the Company, Procurement Group, Expert Leader Jan 2021 the Company, Internal Audit Department, General Manager Jun 2026 Director (Full-time Audit and Supervisory Committee Member), the Company (current)
1961-12-09
Kazuhiro KIDO
Director (Audit and Supervisory Committee Member); Outside Director
Oct 1980 Joined Tohmatsu Aoki Audit Corporation (now Deloitte Touche Tohmatsu LLC) May 1996 Became Partner, Audit Corporation Tohmatsu (now Deloitte Touche Tohmatsu LLC) May 2003 Became Representative Partner, Audit Corporation Tohmatsu Sep 2020 Left Deloitte Touche Tohmatsu LLC Oct 2020 Opened Kido Certified Public Accountant Office (current) Jun 2022 Outside Director (Audit and Supervisory Committee Member), the Company (current) Outside Director, Land Computer Co., Ltd. (current) Jun 2024 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1958-03-06
Yuji FURUKAWA
Director (Audit and Supervisory Committee Member); Outside Director
Apr 1984 Joined The Kyowa Bank, Ltd. (now Resona Bank, Ltd.) Apr 2001 Joined The Asahi Bank, Ltd. (now Resona Bank, Ltd.), General Manager, Murayama Branch Mar 2002 Resona Bank, Ltd., Deputy General Manager, Planning Department Jun 2005 Resona Bank, Ltd., Group Leader, Management Planning Department Mar 2006 Resona Bank, Ltd., General Manager, Management Planning Office Mar 2009 Resona Bank, Ltd., Executive Officer, General Manager, Management Planning Department; in charge of Special Assignments Apr 2012 Resona Bank, Ltd., Managing Executive Officer, in charge of Pension Sales and Trust Business Apr 2013 Resona Bank, Ltd., Representative Director, Executive Vice President; Executive Officer, General Manager for Eastern Japan and Metropolitan Area; in charge of Trust Division Apr 2014 Resona Bank, Ltd., Director, Executive Officer, in charge of Human Resources Services and Human Resources Development Jun 2014 Resona Holdings, Inc., Director, Representative Executive Officer, in charge of Human Resources Services Apr 2017 Resona Kessai Service Co., Ltd., Representative Director, President Jun 2017 Chairman, Resona Small and Medium-sized Enterprise Promotion Foundation Jun 2019 Outside Director, Soda Nikka Co., Ltd. (current) Jun 2020 Outside Director, Sato Watanabe Co., Ltd. (current) Jun 2024 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1961-09-24
Large Shareholding Reports
Ikuyo Co., Ltd.
2026-06-16
9.54%→11.61%
Annual report (as of 2026-03-31): 3.41%
Ikuyo Co., Ltd.
2026-05-01
0.00%→6.77%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 3.41%
Ikuyo Co., Ltd.
2026-04-27
0.00%→6.77%
Annual report (as of 2026-03-31): 3.41%
Ikuyo Co., Ltd.
2026-04-27
6.77%→9.54%
Annual report (as of 2026-03-31): 3.41%
Disclosures
No disclosures
Primary Source Filings
EDINETAmended
2026-08-14
Amended Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINETAmended
2026-08-14
Amended Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-08-14
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2026-06-30
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-16
Large Shareholding Report
EDINETAmended
2026-05-01
Change Report
EDINET
2026-04-27
Large Shareholding Report
EDINET
2026-04-27
Large Shareholding Report
TDnet
2026-02-16
Q3 Earnings Flash
FY ending Mar 2026
TDnet
2025-11-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-11-14
Q2 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-11-11
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-10-08
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2025-10-08
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINETAmended
2025-10-08
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2025-10-08
Amended Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2025-10-08
Amended Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINETAmended
2025-10-08
Amended Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2025-10-08
Amended Quarterly Securities Report
Period: Oct 2023 – Dec 2023
TDnetAmended
2025-10-08
Q1 Earnings Flash
FY ending Mar 2025
TDnet
2025-10-08
Q3 Earnings Flash
FY ending Mar 2025
EDINETAmended
2025-10-08
Amended Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2025-10-08
Amended Quarterly Securities Report
Period: Apr 2022 – Jun 2022
EDINETAmended
2025-10-08
Amended Quarterly Securities Report
Period: Jul 2022 – Sep 2022
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2024-09-27
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2024-08-23
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
TDnet
2024-08-14
Q1 Earnings Flash
FY ending Mar 2025
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