Overview
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NODA CORPORATION

Noda Corporation is a Japanese building materials manufacturer specializing in wood-based interior and exterior construction materials, including flooring, wall panels, interior doors and sliding doors, closets, entryway storage, staircase materials, and exterior base materials. The company also develops proprietary construction methods using engineered timber and metal joinery to create monocoque structural systems with high seismic and typhoon resistance. In addition, Noda manufactures and sells MDF ('Hybest Wood') and plywood used as raw materials for building products and furniture, with operations extending to Indonesia and Malaysia through group manufacturing entities.

Market Cap
¥9.81B
US$62.5M
EV
¥1.04B
US$6.63M
Stock¥670▲+0.00%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
0.5
x
LTM EV/EBIT
NM
LTM PER
49.1
x
LTM PBR
0.3
x
2026-08-25 closing price basis: ranked #27 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-46B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-26.4%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
9.81BUS$62.5MMarket Cap13.1BUS$83.7M+ Debt16.7BUS$106M− Cash10.7BUS$68.3M− Inv. Sec.5.50BUS$35.0M+ NCI1.04BUS$6.63MEV
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Performance & Balance
Revenue 5Y (¥B)
64.6US$411M'21/1181.0US$516M'22/1173.2US$466M'23/1167.0US$427M'24/1164.7US$412M'25/11
EBITDA 5Y (¥B)
5.81US$37.0M'21/1111.8US$75.3M'22/116.78US$43.1M'23/112.56US$16.3M'24/111.91US$12.2M'25/11
Net Income 5Y (¥B)
2.54US$16.1M'21/116.06US$38.6M'22/112.83US$18.0M'23/11-4.61-US$29.4M'24/11-0.83-US$5.28M'25/11
Capital Structure
72%
28%
EquityD/E 0.39xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
26.7US$170M8.36US$53.3M'21/1129.1US$185M7.63US$48.6M'22/1131.4US$200M9.75US$62.1M'23/1131.4US$200M10.4US$66.0M'24/1129.3US$187M11.9US$76.0M'25/11
Shareholders
Top 10 hold 50.7%
1
Yuichi NODA
19.10%
2
Shuko NODA
7.00%
3
The Shizuoka Bank, Ltd.
4.40%
4
Mizuho Bank, Ltd.
3.80%
5
Tokio Marine & Nichido Fire Insurance Co., Ltd.
3.70%
6
Shozo NODA
3.00%
7
Meiji Yasuda Life Insurance Company
2.50%
8
Custody Bank of Japan, Ltd. (Trust Account)
2.50%
9
Jutec Co., Ltd.
2.40%
10
Mizuho Trust & Banking Co., Ltd.
2.30%
Management
15 officers
Tsutomu NODA
Representative Director, President
Apr 1998 Joined Suntory Limited May 2005 Joined the Company Dec 2006 Deputy General Manager, Building Materials Business Division Feb 2007 Director, Deputy General Manager, Building Materials Business Division Feb 2011 Managing Director, General Manager, Building Materials Business Division and General Manager, Product Development Department Jan 2013 Senior Managing Director Dec 2016 Representative Director, Vice President Dec 2018 Representative Director, President (current)
1975-07-12
Shiro NODA
Representative Director, Senior Managing Director
Jan 2004 Representative Director, President, Ishinomaki Plywood Industry Co., Ltd. (current) Feb 2018 Managing Director, General Manager, Domestic Timber Utilization Business Division Dec 2021 Representative Director, Senior Managing Director (current)
1955-10-16
Kentaro TAKATSUHARA
Managing Director, General Manager, Building Materials Business Division
Nov 1988 Joined the Company Jan 2013 General Manager, Building Materials Business Division Feb 2013 Director, General Manager, Building Materials Business Division Dec 2016 Managing Director, General Manager, Building Materials Business Division (current)
1959-11-02
Yoshiaki MIYATA
Director in charge of ICT Solutions Promotion Department and General Manager, Overseas Business Promotion Office
Apr 1987 Joined Fujitsu Limited Apr 2017 Joined the Company Dec 2017 General Manager, Corporate Planning Department Feb 2018 Director, General Manager, Corporate Planning Department Feb 2025 Director in charge of ICT Solutions Promotion Department and General Manager, Overseas Business Promotion Office (current)
1961-04-06
Masahiro RYOCHI
Director, General Manager, Corporate Planning Department, General Manager, General Affairs Department and General Manager, Human Resources Department
Apr 1991 Joined the Company Jan 2017 General Manager, Human Resources Department Feb 2021 Director, General Manager, General Affairs Department and General Manager, Human Resources Department Feb 2025 Director, General Manager, Corporate Planning Department, General Manager, General Affairs Department and General Manager, Human Resources Department (current)
1969-01-04
Yasushi NIIMI
Director, General Manager, Building Materials Manufacturing Division
Apr 1996 Joined the Company Dec 2019 Deputy General Manager, Building Materials Manufacturing Division Feb 2023 Director, General Manager, Building Materials Manufacturing Division (current)
1973-10-07
Tomoki AMAGISHI
Director, General Manager, Fiberboard Business Division
Apr 1998 Joined the Company Dec 2020 Deputy General Manager, Fiberboard Business Division Feb 2023 Director, General Manager, Fiberboard Business Division (current)
1974-03-03
Hirohito HATTORI
Director, General Manager, Product Development Department
Apr 1988 Joined the Company Jan 2012 General Manager, Product Development Department Feb 2024 Director, General Manager, Product Development Department (current)
1965-10-03
Shinya WATANABE
Director, General Manager, Logistics Department
Apr 1988 Joined the Company Jan 2013 General Manager, Logistics Department Feb 2024 Director, General Manager, Logistics Department (current)
1965-09-09
Ken SHIOSAKA
Director
Jul 2014 Adviser, NK Kasei Co., Ltd. Feb 2016 Director of the Company (current)
1949-01-28
Akimitsu TAKAI
Director
Apr 1995 Registered as Attorney-at-Law Jun 2016 Managing Partner, Takai Law Office (current) Feb 2021 Director of the Company (current)
1968-06-05
Norimoto HASEGAWA
Full-time Corporate Auditor
Apr 1980 Joined the Company Jan 2012 General Manager, Planning Office Feb 2016 Corporate Auditor of the Company (current)
1955-10-08
Satoru MIURA
Corporate Auditor
Apr 1981 Registered as Certified Public Accountant Jun 1990 Registered as Certified Tax Accountant Opened Miura Certified Public Accountant Office (current) Feb 2015 Corporate Auditor of the Company (current)
1956-03-27
Toshihiko UEHARA
Corporate Auditor
Apr 1977 Joined the Company Oct 1998 General Manager, Information Systems Office Feb 2012 Director, General Manager, Information Systems Office Feb 2019 Corporate Auditor of the Company (current)
1952-10-03
Naoki HARUYAMA
Corporate Auditor
Oct 1990 Joined Asahi Shinwa & Co. (currently Azusa Audit LLC) Mar 1993 Registered as Certified Public Accountant Jul 2022 Head, Haruyama Certified Public Accountant Office (current) Feb 2024 Corporate Auditor of the Company (current)
1964-04-16
Large Shareholding Reports
Sumitomo Mitsui DS Asset Management Company, Limited
2026-02-20
4.00%→2.85%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-14
Q3 Earnings Flash
FY ending Nov 2026
EDINET
2026-07-15
Semi-Annual Securities Report
Period: Dec 2025 – Nov 2026
TDnet
2026-07-15
Q2 Earnings Flash
FY ending Nov 2026
TDnet
2026-04-10
Q1 Earnings Flash
FY ending Nov 2026
EDINET
2026-02-25
Annual Securities Report
Period: Dec 2024 – Nov 2025
EDINET
2026-02-20
Large Shareholding Report
TDnet
2025-10-15
Q3 Earnings Flash
FY ending Nov 2025
EDINET
2025-07-15
Semi-Annual Securities Report
Period: Dec 2024 – Nov 2025
TDnet
2025-04-11
Q1 Earnings Flash
FY ending Nov 2025
EDINET
2025-02-27
Annual Securities Report
Period: Dec 2023 – Nov 2024
EDINET
2024-07-12
Quarterly Securities Report
Period: Mar 2024 – May 2024
EDINET
2024-04-12
Quarterly Securities Report
Period: Dec 2023 – Feb 2024
EDINET
2024-02-27
Annual Securities Report
Period: Dec 2022 – Nov 2023
EDINET
2023-10-13
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-14
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-04-14
Quarterly Securities Report
Period: Dec 2022 – Feb 2023
EDINET
2023-02-27
Annual Securities Report
Period: Dec 2021 – Nov 2022
EDINET
2022-10-14
Quarterly Securities Report
EDINET
2022-07-15
Quarterly Securities Report
EDINET
2022-04-14
Quarterly Securities Report
EDINET
2022-02-25
Annual Securities Report
EDINET
2021-10-15
Quarterly Securities Report
EDINET
2021-07-15
Quarterly Securities Report
EDINET
2021-04-14
Quarterly Securities Report
EDINET
2021-02-25
Annual Securities Report
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