Overview
Precision Instruments

Noritsu Koki Co.,Ltd.

Noritsu Koki is a Japan-based holding company operating across two core manufacturing segments: components & materials (pen tip components, cosmetic parts, and metal components developed and sold through subsidiaries such as Teibo Co., Ltd. and Hamamatsu Metalworks Co., Ltd.), and audio equipment (R&D, design, and sales of DJ and music production equipment through AlphaTheta, as well as consumer audio products through PEAG, LLC dba JLab and JLab Japan). The company pursues a mission of 'delivering prosperity to society and people' and targets global markets with proprietary high-technology manufacturing capabilities. Its competitive strengths lie in its diversified portfolio of niche manufacturing businesses with global distribution networks spanning Asia, the Americas, and Europe.

Market Cap
¥225B
US$1.44B
EV
¥229B
US$1.46B
Stock¥2,124▲+0.66%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.5
x
LTM EV/EBIT
8.2
x
LTM PER
10.8
x
LTM PBR
1.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+1.4%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
225BUS$1.44BMarket Cap83.0BUS$529M+ Debt64.9BUS$414M− Cash14.7BUS$93.8M− Inv. Sec.0.10BUS$0.65M+ NCI229BUS$1.46BEV
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Performance & Balance
Revenue 5Y (¥B)
75.3US$480M'21/1273.5US$469M'22/1291.6US$584M'23/12107US$679M'24/12119US$760M'25/12
EBITDA 5Y (¥B)
16.7US$107M'21/126.51US$41.5M'22/1219.7US$126M'23/1225.5US$163M'24/1226.7US$170M'25/12
Net Income 5Y (¥B)
5.30US$33.8M'21/12102US$648M'22/1210.2US$65.0M'23/1214.2US$90.7M'24/1215.6US$99.7M'25/12
Capital Structure
74%
26%
EquityD/E 0.36xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
38.1US$243M57.4US$366M'21/1296.4US$615M48.3US$308M'22/1270.2US$448M42.9US$274M'23/1292.9US$592M37.4US$238M'24/1297.4US$621M33.6US$214M'25/12
Shareholders
Top 10 hold 71.0%
1
Nishimoto Kosan Co., Ltd.
42.71%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
10.57%
3
Custody Bank of Japan, Ltd. (Trust Account)
6.47%
4
Kayo NISHIMOTO
5.37%
5
Ryukichi IWAKIRI
1.24%
6
STATE STREET BANK AND TRUST COMPANY 505025 (Standing Proxy: Mizuho Bank, Ltd.)
1.21%
7
HSBC BANK PLC A/C M AND G (ACS) VALUE PARTNERS CHINA EQUITY FUND (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
1.09%
8
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
0.78%
9
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
0.77%
10
NORTHERN TRUST CO.(AVFC) RE IEDU UCITS CLIENTS NON TREATY ACCOUNT 15.315 PCT (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
0.75%
Management
6 officers
Ryukichi IWAKIRI
Representative Director, CEO
Apr 2001 Joined F&M Co., Ltd. Sep 2003 Joined OPT Inc. (now Digital Holdings Inc.) Mar 2011 Director, OPT Inc. (now Digital Holdings Inc.) Mar 2014 Director, Data Artist Inc. Jun 2014 CEO, OPT SEA Pte. Ltd. Jun 2018 Representative Director, President and CEO, the Company (now Representative Director, CEO) (current) Jun 2018 Director, NS Partners Inc. Jun 2018 Director, GeneTech Inc. Jun 2018 Director, Feed Co., Ltd. Jun 2018 Director, NK Medico Co., Ltd. (now Primedica Inc.) Jun 2018 Director, Halmek Holdings Inc. Jun 2018 Director, Japan Regenerative Medicine Inc. Jul 2018 Director, Taibo Co., Ltd. Jul 2018 Director, Nihon Kyosai Co., Ltd. Jul 2018 Director, Kenko Nenrei Shogaku Tanki Hoken Co., Ltd. Nov 2018 Director, Dental Holdings Inc. Apr 2020 Director, AlphaTheta Corporation (current) May 2021 Director, PEAG, LLC dba JLab Audio (now PEAG, LLC dba JLab) (current) Nov 2021 Director, JLab Japan Inc. (current) Apr 2025 Director, Taibo Holdings Co., Ltd. (current) Feb 2026 Director, Senxia Co., Ltd. (current) Feb 2026 Director, Taibo Co., Ltd. (current) Feb 2026 Director, Hamamatsu Metal Works Co., Ltd. (current)
1978-04-16
Ryosuke YOKOHARI
Director, CFO
Nov 2010 Passed certified public accountant examination Apr 2012 Joined S-Networks Co., Ltd. Dec 2016 Registered as certified public accountant Jan 2020 Executive Officer, the Company Mar 2020 Director, NK Medico Co., Ltd. (now Primedica Inc.) Apr 2020 Executive Officer and CFO, the Company Apr 2020 Director, AlphaTheta Corporation (current) Jun 2020 Director, GeneTech Inc. Jun 2020 Director, Taibo Co., Ltd. Mar 2021 Director and CFO, the Company (current) May 2021 Director, PEAG, LLC dba JLab Audio (now PEAG, LLC dba JLab) (current) Nov 2021 Director, JLab Japan Inc. Apr 2023 Representative Director, JLab Japan Inc. (current) Apr 2025 Director, Taibo Holdings Co., Ltd. (current) Feb 2026 Director, Senxia Co., Ltd. (current) Feb 2026 Director, Taibo Co., Ltd. (current) Feb 2026 Director, Hamamatsu Metal Works Co., Ltd. (current)
1990-03-03
Kazue MURASE
Director
Apr 1995 Joined Angel Co., Ltd. (subsidiary of Bandai Co., Ltd.) Apr 1997 Seconded to Bandai Engineering Center Co., Ltd. Apr 2016 Executive Officer, Bandai Co., Ltd. Jun 2022 Representative Director, FUNDARD Inc. (current) Mar 2024 Outside Director, the Company (current)
1972-12-09
Akihisa OTA
Director, Audit and Supervisory Committee Member
Oct 2001 Joined Tohmatsu & Co. (now Deloitte Touche Tohmatsu LLC) Apr 2005 Registered as certified public accountant Jan 2007 Joined Kaisei Certified Public Accountants Joint Office Jan 2007 Established Akihisa Ota Certified Public Accountant and Tax Accountant Office; Representative (current) Feb 2007 Registered as tax accountant Jun 2010 Audit & Supervisory Board Member, Sansei Co., Ltd. (current) Jun 2014 Audit & Supervisory Board Member, Zenkoku Tsuhan Co., Ltd. Jun 2015 Outside Director, Audit and Supervisory Committee Member, the Company (current) Jan 2021 Audit & Supervisory Board Member, Lcode Inc. Jul 2022 Partner, Tsumugu Audit Corporation (current)
1973-01-30
Tsuyoshi TAKADA
Director, Audit and Supervisory Committee Member
Apr 2000 Registered as attorney May 2007 Outside Audit & Supervisory Board Member, Maruetsu Inc. (current) Jun 2015 Outside Director, Topre Corporation (current) Jan 2016 Partner Attorney, Wadakura-mon Law Office (current) Mar 2020 Outside Director, Mihatenu Yume Co., Ltd. (now IP Dream Co., Ltd.) (current) Mar 2021 Outside Director, Audit and Supervisory Committee Member, the Company (current) Jun 2022 Outside Director, Open Door Inc. (current)
1972-07-28
Shizuka MACHINO
Director, Audit and Supervisory Committee Member
Dec 2007 Registered as attorney; joined Kitahama Law Office May 2015 Completed LL.M., Duke University School of Law Aug 2015 Visiting Attorney, Masuda, Funai, Eifert & Mitchell, Ltd. Nov 2016 Joined Innoventia Law Corporation Sep 2017 Part-time Lecturer (Environmental Law), Keio University Graduate School of Law (current) Aug 2018 Member, Tokyo Metropolitan Land Use Council (current) Jan 2019 Partner Attorney, Innoventia Law Corporation (current) Jun 2019 Outside Director, Ohmine Construction Co., Ltd. Mar 2022 Member, Subcommittee on Industrial Environmental Measures, Industrial Structure Council, Ministry of Economy, Trade and Industry (current) Apr 2022 Vice Chair, Environmental Conservation Committee, Daiichi Tokyo Bar Association (current) Jan 2023 Director, Japan CSR Promotion Association (current) Sep 2023 Member, Subcommittee on Resource Circular Economy, Industrial Technology and Environment Subcommittee, Ministry of Economy, Trade and Industry (current) Jan 2024 Member, Tokyo Metropolitan City Planning Council (current) Dec 2024 Outside Audit & Supervisory Board Member, AdipoSeeds Inc. Mar 2025 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1982-01-31
Large Shareholding Reports
Nishimoto Kosan Co., Ltd.
2025-12-02
42.21%→41.87%
Annual report (as of 2026-06-30): 42.71%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-14
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-19
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2025-12-02
Large Shareholding Report
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-09
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-10
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-22
Annual Securities Report
Period: Jan 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
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-24
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-25
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-29
Annual Securities Report
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