Overview
Wholesale Trade

O-WELL CORPORATION

O-Well Corporation is a Japan-based industrial products trading company operating two core segments: Coating-Related Business and Electronics-Related Business. The Coating-Related Business encompasses industrial and general-purpose paints, surface treatment agents, chemical products, coating/measurement equipment, and turnkey painting line construction services, with the company holding a top-class position in domestic industrial paint distribution. The Electronics-Related Business focuses on Hall IC magnetic sensors primarily for automotive applications (transmission, brake, steering, and engine control), as well as automotive software and LED lighting products, distributed through a global network spanning Asia, North America, and beyond.

Market Cap
¥12.1B
US$76.7M
EV
¥1.21B
US$7.68M
Stock¥1,198▼-1.80%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
0.7
x
LTM EV/EBIT
0.7
x
LTM PER
6.3
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-0.8%pt
1001
Oct 23, 25 – Oct 23, 26StockTOPIX
1Aug 7, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
12.1BUS$76.7MMarket Cap4.89BUS$31.1M+ Debt3.19BUS$20.3M− Cash12.7BUS$81.0M− Inv. Sec.0.17BUS$1.08M+ NCI1.21BUS$7.68MEV
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Performance & Balance
Revenue 5Y (¥B)
56.9US$363M'22/364.3US$410M'23/371.0US$452M'24/369.4US$442M'25/368.3US$435M'26/3
EBITDA 5Y (¥B)
0.47US$2.97M'22/30.97US$6.14M'23/31.25US$7.95M'24/31.58US$10.0M'25/31.59US$10.1M'26/3
Net Income 5Y (¥B)
0.26US$1.66M'22/30.65US$4.14M'23/31.53US$9.72M'24/31.78US$11.3M'25/31.80US$11.4M'26/3
Capital Structure
83%
EquityD/E 0.21xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
13.9US$88.5M4.44US$28.3M'22/314.9US$94.6M4.36US$27.8M'23/317.8US$113M4.63US$29.5M'24/317.0US$108M3.76US$23.9M'25/314.5US$92.4M3.84US$24.4M'26/3
Shareholders
Top 10 hold 45.7%
1
O-WELL CORPORATION Employee Stock Ownership Association
13.50%
2
Nippon Paint Co., Ltd.
8.94%
3
KANSAI PAINT CO.,LTD.
6.95%
4
Dai Nippon Toryo Company,Limited
5.46%
5
MUFG Bank, Ltd.
3.18%
6
Fumiyoshi MIYAMOTO
2.58%
7
Kotsu K.K. Investment Business Limited Liability Partnership
1.51%
8
Katsuji TOBE
1.23%
9
Midori TOYODA
1.22%
10
Takehiro KATAYAMA
1.12%
Management
9 officers
Yasuharu KAWATO
Representative Director, President
Apr 1994 Joined the Company Apr 2016 I Project Manager Sep 2018 Executive Officer, in charge of General Affairs, Human Resources and Accounting Departments Apr 2019 Executive Officer, in charge of General Affairs, Human Resources and Accounting Departments Apr 2020 Executive Officer, in charge of Corporate Planning Office and Global Strategy Project Jun 2020 Director, in charge of Corporate Planning Office and Global Strategy Project Jun 2022 Representative Director, President, in charge of Operations Division Apr 2023 Representative Director, President (current)
1971-01-14
Yoshitaka OHNO
Managing Director
Apr 1991 Joined the Company Apr 2016 General Manager, Corporate Planning Office Sep 2018 Executive Officer, in charge of Corporate Planning Office; General Manager, Corporate Planning Office Apr 2020 Executive Officer, in charge of General Affairs, Human Resources and Accounting Departments Jun 2022 Director, in charge of General Affairs, Human Resources, Accounting and Quality Assurance Departments Apr 2023 Managing Director, in charge of Operations Division Apr 2026 Managing Director, in charge of Corporate Division (current)
1968-03-23
Kazuki KANMURI
Managing Director
Apr 1992 Joined the Company Apr 2012 General Manager, Sales Department Apr 2015 Riji (Officer); General Manager, Sales Department Apr 2016 Executive Officer, in charge of Corporate Planning Office and Sales Department Sep 2017 Director, O-WELL MEXICO COATINGS & ELECTRONICS S.A. DE C.V. Sep 2018 Executive Officer, in charge of Sales Department and Film Formation Department Apr 2019 Executive Officer, in charge of Business Promotion, Film Formation and Sales Departments Apr 2020 Executive Officer, in charge of Business Promotion and Sales Departments Apr 2021 Executive Officer, in charge of Sales Promotion Department Jun 2022 Director, assisting Sales Division management; in charge of Sales Promotion Department Apr 2023 Director, assisting Sales Division management; in charge of Eastern Japan Sales Department; General Manager, Eastern Japan Sales Department May 2023 Director, O-A-C Co., Ltd. (current) Apr 2026 Director, assisting Sales Division management; in charge of Sales Promotion Department Jun 2026 Managing Director, in charge of Sales Division management and Sales Promotion Department (current)
1969-10-11
Takeshi NOZAKI
Director
Apr 1999 Joined the Company Aug 2018 Representative Director, President, O-WELL MEXICO COATINGS & ELECTRONICS S.A. DE C.V. Jun 2022 Executive Officer, in charge of Corporate Planning Office and Global Strategy Project; Representative Director, President, O-WELL MEXICO COATINGS & ELECTRONICS S.A. DE C.V. Apr 2023 Executive Officer, in charge of Corporate Planning Office and Global Strategy Project; General Manager, Corporate Planning Office; Representative Director, President, O-WELL MEXICO COATINGS & ELECTRONICS S.A. DE C.V. Apr 2024 Executive Officer, in charge of Corporate Planning Office; General Manager, Corporate Planning Office; Representative Director, President, O-WELL MEXICO COATINGS & ELECTRONICS S.A. DE C.V. Apr 2025 Executive Officer, in charge of Corporate Planning Office; General Manager, Corporate Planning Office; Representative Director, Chairman, O-WELL MEXICO COATINGS & ELECTRONICS S.A. DE C.V. Apr 2026 Executive Officer, assisting Corporate Division management; in charge of Corporate Planning and Business Planning Departments; General Manager, Corporate Planning Department Jun 2026 Director, assisting Corporate Division management; in charge of Corporate Planning and Business Planning Departments; General Manager, Corporate Planning Department (current)
1975-06-27
Shinji NOGUCHI
Director (Full-time Audit and Supervisory Committee Member)
Apr 1987 Joined the Company Apr 2009 General Manager, Film Formation Department Apr 2012 General Manager, Eastern Japan No. 3 Sales Department Nov 2014 Representative Director, President, Orex Co., Ltd. (now Sanmarco Co., Ltd.) Apr 2020 Executive Officer, in charge of Western Japan Sales Department; General Manager, Western Japan Sales Department Apr 2024 Executive Officer assigned to Sales Division management Jun 2024 Director (Full-time Audit and Supervisory Committee Member) (current) Auditor, O-WELL MEXICO COATINGS & ELECTRONICS S.A. DE C.V. (current)
1965-02-26
Asami SATOI
Director
Apr 1981 Joined Fujitsu Limited Jan 2009 General Manager, Overall Department, System Product Business Promotion Unit, Fujitsu Limited Jun 2014 Director, Fujitsu Middleware Limited Jun 2015 Representative Director, President, Fujitsu Middleware Limited Jun 2023 Outside Director, MIC-Ware Corporation (current) Jun 2024 Outside Director, the Company (current)
1958-12-26
Yoshihiro UEDA
Director
Apr 1982 Joined ASICS Corporation Jun 2009 Director; General Manager, Management Information Department, KEYENCE Corporation Jun 2014 Full-time Audit & Supervisory Board Member, KEYENCE Corporation Oct 2015 Executive Officer; General Manager, Global Accounting and Finance Division, ASICS Corporation Jun 2020 Director and Senior Executive Officer; General Manager, Administration Division and Public Relations Department, Osaka Soda Co., Ltd. Jun 2022 Outside Director (Audit and Supervisory Committee Member), Alps Logistics Co., Ltd. Jun 2025 Outside Director, the Company (current) Aug 2025 Outside Director, InterAction Co., Ltd. (current)
1959-05-11
Seiji YOKOYAMA
Director (Audit and Supervisory Committee Member)
Apr 1983 Joined Toray Industries, Inc. Oct 1985 Joined Tohmatsu & Aoki Audit Corporation (now Tohmatsu LLC) Mar 1989 Registered as Certified Public Accountant Aug 1993 Seconded to Deloitte & Touche LLP, San Jose Office, USA Jul 2001 Partner, Tohmatsu & Co. (now Tohmatsu LLC) Jun 2020 Established Seiji Yokoyama Certified Public Accountant Office; Outside Audit & Supervisory Board Member, SCREEN Holdings Co., Ltd. (current) Jun 2024 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1960-07-10
Takanori NAKAJIMA
Director (Audit and Supervisory Committee Member)
Dec 2009 Registered as Attorney-at-law; joined Kitahama Law Office, Gaikokuho Joint Enterprise (now Kitahama Law Office LLP) Sep 2019 Worked at Baker, Donelson, Bearman, Caldwell & Berkowitz, PC (Atlanta Office), USA Nov 2019 Registered as Attorney in Illinois, USA Jan 2022 Partner, Kitahama Law Office LLP (current) Jun 2025 Outside Audit & Supervisory Board Member, Aoyama Shoji Co., Ltd. (current) Jun 2026 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1982-07-22
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-22
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnetAmended
2025-11-13
Q1 Earnings Flash
FY ending Mar 2026
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Sep 2024
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-21
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-21
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-21
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-10
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-23
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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