Overview
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ENDO MANUFACTURING CO.,LTD.

Endo Manufacturing is a Tsubame-Sanjo-based metal forming specialist operating two core segments: the Fine Process Business (forged golf club heads, medical implants such as artificial joints, and aerospace components) and the Metal Business (ultra-thin seamless metal sleeves for OA equipment and forged automotive/motorcycle/agricultural machinery parts). The company holds an estimated 80% domestic share in forged iron golf club heads and commands a leading position in 10μm ultra-thin metal sleeve pipes for OA equipment, supplying global brands primarily through OEM arrangements. With integrated in-house capabilities spanning mold design, forging, machining, polishing, and inspection, and manufacturing operations in Japan and Thailand, the group serves customers across the automotive, golf, medical device, aerospace, and electronics industries.

Market Cap
¥9.28B
US$59.1M
EV
¥-1.02B
-US$6.52M
Stock¥1,053▼-0.85%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
21.8
x
LTM PBR
0.4
x
2026-08-25 closing price basis: ranked #131 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-2B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-40.0%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
9.28BUS$59.1MMarket Cap0.15BUS$0.94M+ Debt8.90BUS$56.7M− Cash1.55BUS$9.86M− Inv. Sec.-1.02B-US$6.52MEV
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Performance & Balance
Revenue 5Y (¥B)
12.6US$80.2M'21/1214.6US$92.8M'22/1215.7US$100M'23/1217.4US$111M'24/1218.2US$116M'25/12
EBITDA 5Y (¥B)
2.76US$17.6M'21/122.84US$18.1M'22/122.21US$14.1M'23/122.72US$17.3M'24/122.17US$13.8M'25/12
Net Income 5Y (¥B)
1.60US$10.2M'21/120.80US$5.07M'22/120.76US$4.85M'23/121.12US$7.12M'24/120.60US$3.82M'25/12
Capital Structure
99%
EquityD/E 0.01xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
7.73US$49.2M1.08US$6.84M'21/128.14US$51.8M0.38US$2.39M'22/129.86US$62.8M0.28US$1.75M'23/1210.6US$67.2M0.28US$1.79M'24/128.33US$53.0M0.20US$1.28M'25/12
Shareholders
Top 10 hold 58.1%
1
Endo Eishō Foundation Co., Ltd.
21.70%
2
Shintaro ENDO
5.10%
3
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
4.90%
4
The Daishi Hokuetsu Bank, Ltd. (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
4.50%
5
MM Investments Co., Ltd.
4.40%
6
Einosuke ENDO
4.30%
7
Tatsuro KIYOHARA
3.60%
8
SBI SECURITIES Co., Ltd.
3.60%
9
Teiko ENDO
3.40%
10
The Master Trust Bank of Japan, Ltd. (Trust Account)
2.60%
Management
7 officers
Daishi WATANABE
President and Representative Director, in charge of Fine Process Business and Accounting & Finance Department
Apr 2017 Joined the Company as Advisor Jun 2017 Director and Vice President, in charge of Thailand Representative Office Jan 2018 Director and Vice President, in charge of Corporate Planning Department Mar 2018 President and Representative Director, in charge of Corporate Planning Department, Medical Equipment and New Business Division Mar 2019 President and Representative Director, in charge of Corporate Planning Department Oct 2019 President and Representative Director, in charge of Corporate Planning Department, Golf Division, Metal Sleeve Division, and Medical Equipment and New Business Division Mar 2020 President and Representative Director, in charge of Golf Division, Metal Sleeve Division, and Medical Equipment and New Business Division Jan 2024 President and Representative Director, in charge of Fine Process Business Mar 2026 President and Representative Director, in charge of Fine Process Business and Accounting & Finance Department (current)
1967-03-19
Shintaro ENDO
Senior Managing Director, in charge of Metal Business, Thailand Representative Office, and Corporate Strategy Headquarters
Apr 2014 Joined Toray Industries, Inc. Dec 2018 Infrastructure System Promotion Department, Information Systems Division, Toray Industries, Inc. Jan 2020 Director, Endo Eishō Foundation Co., Ltd. (current) Mar 2020 Director, in charge of Corporate Strategy Office Jan 2024 Director, in charge of Corporate Strategy Headquarters Mar 2024 Managing Director, in charge of Corporate Strategy Headquarters Mar 2025 Managing Director, in charge of Metal Business, Thailand Representative Office, and Corporate Strategy Headquarters Mar 2026 Senior Managing Director, in charge of Metal Business, Thailand Representative Office, and Corporate Strategy Headquarters (current)
1989-09-20
Shuichiro NEMOTO
Director
Apr 1980 Joined Fuji Bank, Ltd. (now Mizuho Bank, Ltd.) May 2000 Deputy General Manager, Global Planning Department, Head Office, Fuji Bank Sep 2001 Managing Director (Partner), Olympus Capital Holdings Dec 2004 Founded Crescent Partners; Managing Director (Partner) Sep 2012 Founded Crescent Asia; Managing Director Mar 2022 Outside Director of the Company (current)
1957-03-08
Kaori ISHIZUKA
Director
Apr 1987 Joined Niigata Broadcasting Co., Ltd. Aug 2007 Sado Tourism Goodwill Ambassador (current) Apr 2021 Deputy General Manager, Information Center Bureau, Niigata Broadcasting Co., Ltd. May 2024 Freelance announcer (current) Mar 2025 Outside Director of the Company (current) Jun 2025 Outside Director, Daiichi Kensetsu Kogyo Co., Ltd. (current)
1964-04-13
Kazufumi MARUYAMA
Standing Corporate Auditor
Apr 1983 Joined The Dai-Shi Bank, Ltd. (now The Daishi Hokuetsu Bank, Ltd.) Feb 2010 Horinouchi Branch Manager, The Dai-Shi Bank, Ltd. Feb 2012 Deputy General Manager, General Affairs Division, The Dai-Shi Bank, Ltd. Aug 2014 Deputy General Manager, Internal Audit Department, The Dai-Shi Bank, Ltd. Feb 2016 - Jun 2021 (details not stated in source) Jul 2023 Joined Dai-Shi Lease Co., Ltd. (now Daishi Hokuetsu Lease Co., Ltd.); Managing Director Joined the Company, Internal Audit Office (date not stated in source) Mar 2024 Standing Corporate Auditor of the Company (current)
1959-12-26
Taku SOMA
Corporate Auditor
Apr 1998 Opened Soma Taku Law Office Feb 2000 Opened Ushiki Soma Patent Law Office Jan 2002 Joined Niigata Daiichi Law Office (now Ikkyo Sogo Law Office, Attorney Corporation) Jun 2003 Outside Corporate Auditor of the Company (current) Sep 2004 Opened Niigata International Law Office
1964-06-21
Noboru NAGAHASHI
Corporate Auditor
Jul 2011 Accounting Division Chief, General Affairs Department, Kanto-Shinetsu Regional Taxation Bureau Jul 2012 Director, Kanto-Shinetsu Training Institute, National Tax College Jul 2013 Deputy Director, General Affairs Department, Kanto-Shinetsu Regional Taxation Bureau Jul 2014 Director, Urawa Tax Office Aug 2015 Opened tax accountant office (current) Mar 2018 Outside Corporate Auditor of the Company (current) Jun 2019 Non-Member Auditor, Kyoei Credit Cooperative (current)
1954-06-17
Large Shareholding Reports
Endo Eisho Foundation
2026-05-13
20.57%→20.57%
Annual report (as of 2026-06-30): 21.70%
Tatsuro KIYOHARA
2026-04-17
6.05%→4.99%
Annual report (as of 2026-06-30): 3.60%
Tatsuro KIYOHARA
2026-04-08
7.16%→6.05%
Annual report (as of 2026-06-30): 3.60%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-06
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-05-13
Large Shareholding Report
TDnet
2026-05-08
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-04-17
Large Shareholding Report
EDINET
2026-04-08
Large Shareholding Report
EDINET
2026-03-25
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-06
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-08
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-27
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-10-17
Securities Registration Statement
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Jun 2024
EDINET
2024-05-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-26
Annual Securities Report
Period: Jan 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
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-28
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
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
2021-08-11
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-26
Annual Securities Report
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