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Overview

Precision Instruments

Menicon Co.,Ltd.

Menicon is a leading Japanese contact lens manufacturer engaged in the development, manufacturing, and sale of contact lenses (including hard, soft, and disposable types) and lens care products both domestically and internationally. The company operates a proprietary subscription-based membership system called 'MELS PLAN' (Menicon Eye Life Support Plan), which has approximately 1.32 million members across 1,667 affiliated retail locations in Japan as of March 2025. Beyond its core Vision Care segment, Menicon also pursues adjacent businesses in healthcare (femtech, reproductive health supplements), life care (agricultural/environmental products), veterinary ophthalmology, and food trade.

Market Cap

¥141B

US$897M

¥187B

US$1.19B

Stock¥1,894▼-0.11%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

8.6

LTM EV/EBIT

16.0

LTM PER

19.7

LTM PBR

1.5

Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+32.9%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Aug 7, 26Q1 FY2027/03 earnings announced

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

54%

46%

EquityD/E 0.85xDebt

Liquidity vs Debt 5Y (¥B)▼ Net Debt

CashInv. Sec.Debt

Shareholders

Top 10 hold 41.5%

as of 2026-03-31 · Source: Annual Securities Report

The Master Trust Bank of Japan, Ltd. (Trust Account)

11.67%

Toyotomi Co., Ltd.

5.30%

GOLDMAN,SACHS & CO.REG (Standing Proxy: Goldman Sachs Japan Co., Ltd.)

4.42%

Custody Bank of Japan, Ltd. (Trust Account)

4.16%

Hidenari TANAKA

3.36%

Kazuko TSUKAMOTO

3.03%

Nomura Trust and Banking Co., Ltd. (Trust Account 2052116)

2.67%

Menicon Co.,Ltd. Employee Stock Ownership Association

2.45%

Mami Co., Ltd.

2.33%

STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)

2.16%

Management

8 officers

Yasushi KAWAURA

Director

Mar 1992: Joined Menicon Apr 2007: MD Preparation Office Manager Aug 2007: Head of Singapore R&D Center Nov 2010: President, Menicon Singapore Pte. Ltd. Apr 2013: Executive Officer, Area & Products Marketing Strategy Office Manager Apr 2015: Executive Officer, Brand Strategy Office Manager Apr 2016: Executive Officer, General Manager, Product Development Division Apr 2017: Executive Officer, General Manager, Production Development Division Apr 2023: Representative Executive Officer and President; Chief Operating Officer (COO) Apr 2025: Chief Executive Officer (CEO) (current) Jun 2025: Director and Representative Executive Officer and President (current)

1969-03-09

Yoshiyuki TAKINO

Director; Chairman of the Board; Member, Nominating Committee; Member, Audit Committee

Mar 1984: Joined Menicon Apr 2010: General Manager, Accounting Department, Management Administration Office Apr 2015: Deputy General Manager, Management Administration Office Apr 2016: Executive Officer, General Manager, Management Administration Office Apr 2017: Executive Officer, General Manager, Management Administration Office, Management Administration Division Apr 2018: Management Advisor, Management Administration Division Jun 2018: Director (current)

1961-09-08

Hiroki SHINODA

Director; Member, Audit Committee; Member, Compensation Committee

Mar 1986: Joined Menicon Apr 2006: General Manager, Kanto Sales Department Apr 2008: General Manager, East Japan Sales Department Apr 2011: General Manager, Kanto Sales Department Apr 2012: General Manager, East Block, Special Sales Department Apr 2013: Executive Officer, General Manager, Domestic Sales Division Apr 2015: Executive Officer, General Manager, Domestic Sales Division No. 2 Apr 2018: Executive Officer, General Manager, Domestic Sales Division Headquarters Apr 2025: Management Advisor Jun 2025: Director (current)

1964-03-12

Shingo WATANABE

Director; Member, Audit Committee; Member, Compensation Committee

Nov 1980: Joined Deloitte Haskins & Sells Oct 1984: Registered as Certified Public Accountant Oct 1987: Ernst & Young, Düsseldorf Office Sep 1990: Ernst & Young, Zurich Office Jul 1995: Ernst & Young, London Office Aug 1998: Nihon Shinko Audit Corporation (now EY ShinNihon LLC), Nagoya Office Jul 2017: Opened Shingo Watanabe CPA Office; Principal (current) Jun 2018: Director (current)

1956-08-03

Katsuhiko YANAGAWA

Director; Member, Nominating Committee; Chairman, Audit Committee

Apr 1979: Joined Fuji Xerox Co., Ltd. Apr 2005: Vice President, Marketing, Fuji Xerox China (Shanghai) Apr 2006: Chairman and President, Fuji Xerox Taiwan (Taipei) Jul 2007: Executive Officer, Head of Asia Pacific Sales Division, Fuji Xerox Co., Ltd. (Singapore) Apr 2008: President & CEO, Fuji Xerox Asia Pacific (Singapore) Jun 2009: Director and Managing Executive Officer, in charge of Asia and China Business, Fuji Xerox Co., Ltd. Jun 2012: Director and Managing Executive Officer, in charge of Asia and China Business and overall headquarters functions, Fuji Xerox Co., Ltd. Jun 2014: Director and Senior Managing Executive Officer, in charge of overall headquarters functions, Fuji Xerox Co., Ltd. Jun 2021: Director (current)

1955-12-19

Hiroko TERASAKI

Director; Member, Audit Committee

Apr 1980: Joined Department of Ophthalmology, Nagoya University School of Medicine Jul 1991: Lecturer, Nagoya University School of Medicine Apr 1997: Visiting Researcher, Schepens Eye Research Institute, Harvard University (concurrent) Oct 1999: Professor, Department of Sensory Organ Disorder Control, Nagoya University Graduate School of Medicine Jul 2005: Professor, Department of Ophthalmology, Nagoya University Graduate School of Medicine Apr 2011: Assistant to the President, Nagoya University (concurrent: Finance) Apr 2013: Assistant Dean, School of Medicine, Nagoya University (concurrent: Gender Equality and Industry-Academia Collaboration) Apr 2020: Professor Emeritus, Nagoya University Apr 2020: Specially Appointed Professor, Institute for Future Initiatives, Nagoya University Jun 2024: Director (current)

1954-08-01

Hiromi TAKEUCHI

Director; Member, Audit Committee; Chairman, Compensation Committee

Oct 2000: Registered as Attorney-at-Law Oct 2000: Joined Nagoya Bar Association Oct 2005: Opened Kito & Takeuchi Law Office (Attorneys-at-Law Corporation) Jul 2008: Partner, Kito & Takeuchi Law Office (current) Apr 2020: Vice President, Aichi Bar Association Jun 2021: Outside Director (Audit and Supervisory Committee Member), Mirai Industries Co., Ltd. (current) Oct 2022: Auditor, Nagoya City University (public corporation) (current) Jun 2024: Outside Director (Audit and Supervisory Committee Member), Meiji Denki Kogyo Co., Ltd. (current) Jun 2026: Director (current)

1971-09-24

Katsuhiko MASUMOTO

Director; Chairman, Nominating Committee; Member, Audit Committee

Apr 1989: Joined Sumitomo Metal Industries, Ltd. (now Nippon Steel Corporation) Jul 2000: Joined Benesse Corporation Jul 2004: General Manager, Public Relations and IR Department, Benesse Holdings, Inc. Jan 2014: President and CEO, Berlitz Japan K.K. Oct 2016: Executive Officer, General Manager, Human Resources and Communications Division, Benesse Holdings, Inc. Apr 2018: Executive Officer, in charge of Finance and Communications; General Manager, Finance Department, Benesse Holdings, Inc. Apr 2020: Director and Executive Officer, General Manager, Management Administration Division, Benesse Corporation Apr 2022: Director and Executive Officer, General Manager, Public Relations Division, Benesse Corporation Jun 2024: Executive Officer, Chief Communications Officer (CCO), General Manager, Corporate Communications Division, Benesse Corporation Jun 2026: Director (current)

1966-08-26

Large Shareholding Reports

No filings

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-08-07

Q1 Earnings Flash

FY ending Mar 2027

Menicon Co.,Ltd.

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Menicon Co.,Ltd.

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