Overview
Transportation Equipment

CAR MATE MFG. CO.,LTD.

Carmate is a Japanese manufacturer and seller of automotive accessories and outdoor/leisure/sports products, covering categories such as roof carriers, child seats, drive recorders, tire chains, chemical products (fragrances, coating agents, cleaning supplies), remote engine starters, and lighting. The automotive segment accounts for approximately 90% of group revenues, with manufacturing operations in China (Shenzhen) and sales presence in the US and Hong Kong. The company handles the full value chain from product planning and design through manufacturing and sales.

Market Cap
¥6.15B
US$39.2M
EV
¥-5.64B
-US$35.9M
Stock¥872▲+1.99%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
19.2
x
LTM PBR
0.4
x
2026-08-25 closing price basis: ranked #21 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-58B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-20.4%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
6.15BUS$39.2MMarket Cap1.35BUS$8.61M+ Debt10.6BUS$67.3M− Cash2.57BUS$16.4M− Inv. Sec.-5.64B-US$35.9MEV
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Performance & Balance
Revenue 5Y (¥B)
15.9US$101M'22/316.6US$106M'23/316.0US$102M'24/315.5US$98.8M'25/314.6US$92.7M'26/3
EBITDA 5Y (¥B)
1.61US$10.3M'22/30.86US$5.50M'23/30.64US$4.08M'24/30.69US$4.36M'25/30.65US$4.11M'26/3
Net Income 5Y (¥B)
0.97US$6.20M'22/30.36US$2.30M'23/30.21US$1.35M'24/3-0.33-US$2.11M'25/30.28US$1.79M'26/3
Capital Structure
92%
EquityD/E 0.09xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
12.3US$78.1M1.56US$9.93M'22/311.5US$73.3M1.59US$10.1M'23/311.3US$71.7M1.59US$10.1M'24/312.7US$81.2M1.52US$9.70M'25/313.5US$85.7M1.35US$8.61M'26/3
Shareholders
Top 10 hold 75.8%
1
M.T. Kosan Ltd.
45.94%
2
USBK NA JP I&W TS (Standing Proxy: MUFG Bank, Ltd.)
7.19%
3
Mizuho Bank, Ltd.
4.62%
4
INTERACTIVE BROKER LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
4.26%
5
Takaaki MURATA
3.33%
6
Hiroko TOKUDA
2.81%
7
Seiko AKABANE
2.62%
8
CAR MATE MFG. CO.,LTD. Employee Stock Ownership Association
2.40%
9
Keiko MATSUMOTO
1.65%
10
Shinwa Sangyo Co., Ltd.
1.00%
Management
10 officers
Takaaki MURATA
Representative Director, Chairman
Jun 1966: Established Carmate Co., Ltd.; Representative Director, President Sep 1987: Established CARMATE CAR ACCESSORIES CO.,LTD.; Representative Director May 1988: Established Carmate Logistics Co., Ltd.; Representative Director Dec 1996: Established Kuaimeite Automobile Accessories (Shenzhen) Co., Ltd.; Chairman Feb 1997: Assumed office as Chairman, National Automotive Accessories Industry Association Oct 1999: Established Car Mate USA, Inc.; Chairman of the Board Jun 2003: Representative Director, Chairman and President, CEO of the Company Jun 2004: Representative Director, Chairman and President of the Company Sep 2014: Chairman, Kuaimeite Automobile Accessories (Shenzhen) Co., Ltd. Jun 2019: Representative Director, Chairman of the Company (current)
1936-01-09
Masaru TOKUDA
Representative Director, President and Executive Officer; in charge of overall management, quality assurance, and company-wide technology divisions
Mar 2003: Resigned as Assistant Professor, Department of Production Environment and Information Science, Faculty of Agriculture, Kobe University Apr 2003: Joined the Company Mar 2007: General Manager, Technology Research Institute, the Company Jun 2010: Director, General Manager, Technology Research Institute, the Company Jul 2010: Director and Executive Officer, General Manager, Technology Research Institute, the Company Jul 2012: Director and Senior Executive Officer; General Manager, Technology Research Institute; in charge of Third Technical Group, the Company Jul 2013: Director and Managing Executive Officer; General Manager, Technology Research Institute and Corporate Planning Office; in charge of technology and manufacturing divisions, the Company Jul 2014: Director and Managing Executive Officer; General Manager, Technology Research Institute and Corporate Planning Office; in charge of technology division and Intellectual Property Office, the Company Apr 2017: Director and Senior Vice President Executive Officer; in charge of overall management, Quality Control Division, and Future Development Center, the Company Apr 2017: Representative Director, Carmate Logistics Co., Ltd. Jun 2019: Managing Director, CARMATE CAR ACCESSORIES CO.,LTD. (current) Jun 2019: Chairman of the Board, Car Mate USA, Inc. (current) Jun 2019: Representative Director, President and Executive Officer of the Company (current)
1969-12-31
Michiaki AKABANE
Director, Senior Managing Executive Officer; in charge of China business
Apr 1994: Joined the Company Jul 2001: Seconded to All Life Mate Co., Ltd. Feb 2018: Representative Director, All Life Mate Co., Ltd. Apr 2019: Returned from All Life Mate Co., Ltd.; Special Advisor, the Company Jun 2019: Director and Senior Managing Executive Officer; in charge of China business, the Company (current) Sep 2019: Chairman, Kuaimeite Automobile Accessories (Shenzhen) Co., Ltd. (current) Sep 2019: Chairman, Liezhuo (Shanghai) Trading Co., Ltd. (current)
1967-05-14
Nagao NAGASAKI
Director, Managing Executive Officer; in charge of overall product development and new business development
Apr 1985: Joined the Company Jun 2008: Executive Officer, General Manager, I Company, the Company Jul 2012: Executive Officer; General Manager, Development Department; in charge of China Development Department, Electronic and Electrical Equipment Development, and Design Development Department, the Company Jun 2013: Director and Executive Officer; in charge of China Development Department, Electronic and Electrical Equipment Development, and Design Development Department, the Company Jul 2013: Director and Executive Officer; in charge of New Business Development, Electronic and Electrical Equipment, Design Development Department, and China Development, the Company Apr 2017: Director and Managing Executive Officer; in charge of company-wide planning and development divisions and New Business Development, the Company Jun 2024: In charge of overall planning and Supply Chain Management, the Company (current)
1960-08-09
Yoshikuni MAKO
Director, Managing Executive Officer; in charge of LIFE Design Lab and chemical products division
Sep 1991: Joined the Company Mar 2002: General Manager, Chemical Development Center, the Company Jun 2014: Executive Officer, the Company Jun 2018: Senior Executive Officer; in charge of LIFE Design Lab and chemical products production and technology, the Company Jun 2020: Director and Managing Executive Officer; in charge of chemical products division, the Company (current) Jun 2024: In charge of next-generation research and Supply Chain Management, the Company (current)
1961-03-31
Masamichi SHIMIZU
Full-time Audit & Supervisory Board Member
Sep 2018: Resigned from Mizuho Bank, Ltd. Oct 2018: Joined the Company; Executive Officer; in charge of Corporate Planning Office Jun 2023: Full-time Audit & Supervisory Board Member, the Company (current)
1963-10-12
Takehito KATO
Audit & Supervisory Board Member
Aug 1981: Established Kato Office, Certified Public Accountant and Certified Tax Accountant (current) Jun 1993: Audit & Supervisory Board Member, the Company (current)
1945-08-30
Akio TANIGUCHI
Director
Apr 1972: Joined Central Research Laboratory, Hitachi, Ltd. Apr 1996: Professor, Faculty of Textile Science and Technology, Shinshu University Apr 2009: Professor Emeritus, Shinshu University (current) Jun 2015: Director, the Company (current) Apr 2019: Visiting Professor, The University of Electro-Communications (current)
1944-02-08
Tomoaki MOTOHASHI
Director
Apr 1985: Joined Nippon Kangyo Kadomaru Securities Co., Ltd. (now Mizuho Securities Co., Ltd.) Apr 2000: Joined SoftBank Investment Corp. (now SBI Investment Co., Ltd.) Oct 2002: General Manager, Investment Department No. 3, SoftBank Investment Corp. Oct 2003: General Manager, Investment Department No. 1, SoftBank Investment Corp. Nov 2004: General Manager, Incubation Department, SoftBank Investment Corp. Dec 2005: General Manager, Capital Markets Department, E*TRADE Securities Co., Ltd. (now SBI Securities Co., Ltd.) Jun 2007: Director, Corporate Advisory Group, SBI Capital Co., Ltd. Aug 2008: Outside Director, Japan Process Co., Ltd. Oct 2009: Director, Investment Group, SBI Capital Co., Ltd. Dec 2009: Outside Director, Unicafe Inc. Jan 2010: Incubation Department, SBI Investment Co., Ltd. Jan 2013: Director and Managing Executive Officer; General Manager, Business Planning Division, Unicafe Inc. Mar 2017: Director and Senior Managing Executive Officer; in charge of Management Strategy Office, Unicafe Inc. Jan 2019: Director, Art Coffee Co., Ltd. Jun 2022: Director, the Company (current) Oct 2023: Director, Apt Systems Co., Ltd. (current)
1961-11-13
Yutaka INABA
Audit & Supervisory Board Member
Sep 1989: Established Inaba Accounting Office (current) Sep 2003: Established Aiyu Tax Accountants Corporation; Representative Partner (current) Jun 2004: Audit & Supervisory Board Member, the Company (current)
1946-07-15
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
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
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-05
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-30
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-06-30
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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