Overview
Wholesale Trade

CANOX CORPORATION

CANOX Corporation is a steel wholesale trading company that procures steel products—including steel sheets, steel pipes, sections, and stainless steel—directly from blast furnace and electric furnace manufacturers, and sells them primarily to the automotive and construction industries. The company adds value through in-house and outsourced processing such as slitting, cutting, drilling, and bending, enabling integrated order management, processing, quality control, inventory management, and timely small-lot delivery. Its competitive strengths include direct procurement as a primary-tier distributor, a high proportion of stable contract-based sales ('himo-tsuki'), and a well-established supply chain network centered in the Nagoya/Aichi region.

Market Cap
¥19.8B
US$126M
EV
¥30.9B
US$197M
Stock¥2,020▲+0.35%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
10.4
x
LTM EV/EBIT
12.2
x
LTM PER
9.2
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-18.4%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
19.8BUS$126MMarket Cap27.3BUS$174M+ Debt4.84BUS$30.8M− Cash11.3BUS$72.3M− Inv. Sec.30.9BUS$197MEV
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Performance & Balance
Revenue 5Y (¥B)
117US$743M'22/3152US$967M'23/3172US$1.10B'24/3173US$1.10B'25/3159US$1.01B'26/3
EBITDA 5Y (¥B)
2.79US$17.8M'22/32.68US$17.1M'23/32.85US$18.2M'24/32.82US$18.0M'25/32.87US$18.3M'26/3
Net Income 5Y (¥B)
1.89US$12.0M'22/31.78US$11.3M'23/31.95US$12.4M'24/31.99US$12.7M'25/32.10US$13.4M'26/3
Capital Structure
55%
45%
EquityD/E 0.82xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
8.93US$56.9M26.5US$169M'22/38.92US$56.9M35.6US$227M'23/314.0US$89.3M34.0US$217M'24/317.3US$110M31.7US$202M'25/320.4US$130M28.9US$184M'26/3
Shareholders
Top 10 hold 54.9%
1
Metal One Corporation
34.47%
2
MUFG Bank, Ltd.
4.64%
3
Aichi Bank, Ltd.
3.50%
4
Okajima Pipe Manufacturing Co., Ltd.
3.38%
5
Kotaro KANO
2.24%
6
MORY INDUSTRIES INC.
2.03%
7
Sojitz Machinery Corporation
1.83%
8
Takubo Industry Co., Ltd.
1.01%
9
Katsuhiko KANO
0.98%
10
Kutsu Holdings Co., Ltd.
0.86%
Management
10 officers
Masanao OGAWA
Representative Director, President
Oct 1990 Joined the Company Oct 2015 General Manager, Tohoku Branch, and Representative Director, President, Kanoks Corporation Kitakami (now Kanoks Kokan Kitakami Co., Ltd.) Oct 2021 General Manager, Corporate Planning Department, Management Division Apr 2022 General Manager, Corporate Planning Department, Management Division, and General Manager, IR & Sustainability Promotion Office Jun 2022 Executive Officer, General Manager, Corporate Planning Department, Management Division, and General Manager, IR & Sustainability Promotion Office Jun 2023 Director, Executive Officer, General Manager, Corporate Planning Department, Management Division, and General Manager, IR & Sustainability Promotion Office Oct 2023 Director, Executive Officer, General Manager, Corporate Planning Department, and General Manager, IR & Sustainability Promotion Office Apr 2024 Director, Executive Officer, Assistant to the President Jun 2024 Representative Director, President (current)
1966-10-25
Nobuo KONISHI
Director, General Manager of Sales Division in charge of Steel Pipes and Construction Materials, and General Manager of Tokyo Branch
Apr 1988 Joined the Company Apr 2009 General Manager, Sales Coordination Department Jun 2013 General Manager, Osaka (now Kansai) Branch Apr 2015 Managing Officer, General Manager, Kansai Branch, and Deputy General Manager, Sales Division Jun 2017 Executive Officer, General Manager, Corporate Planning Department Jun 2018 Director, Executive Officer, General Manager, Corporate Planning Department Apr 2020 Director, Executive Officer, General Manager, Finance Division, and General Manager, Corporate Planning Department Jun 2020 Director, Managing Executive Officer, General Manager, Finance Division, and General Manager, Corporate Planning Department Apr 2021 Director, Managing Executive Officer, General Manager, Management Division, and General Manager, Corporate Planning Department Oct 2021 Director, Managing Executive Officer, in charge of Management Infrastructure, and General Manager, Management Division Oct 2023 Director, Managing Executive Officer, in charge of Management Infrastructure, and General Manager, Administration Division Apr 2024 Director, Managing Executive Officer, General Manager, Tokyo Branch Apr 2025 Director, Managing Executive Officer, General Manager of Sales Division in charge of Steel Pipes and Construction Materials, and General Manager, Tokyo Branch (current)
1965-08-05
Yoshihisa FUJIMOTO
Director, General Manager of Sales Division in charge of Steel Sheets, and General Manager of West Japan Branch
Apr 1989 Joined the Company Oct 2012 General Manager, Sales Department, Tokyo Branch Jun 2014 Deputy General Manager, Nagoya Head Office Apr 2015 General Manager, Nagoya Head Office Jun 2017 General Manager, Kansai Branch Apr 2020 General Manager, Tokyo Branch Jun 2020 Executive Officer, General Manager, Tokyo Branch Jun 2021 Director, Executive Officer, General Manager, Tokyo Branch Apr 2022 Director, Executive Officer, General Manager of Sales Division in charge of Steel Sheets and Steel Pipes and Construction Materials, and General Manager, Tokyo Branch Jun 2023 Director, Managing Executive Officer, General Manager of Sales Division in charge of Steel Sheets and Steel Pipes and Construction Materials, and General Manager, Tokyo Branch Apr 2024 Director, Managing Executive Officer, General Manager, Sales Division, and General Manager, West Japan Branch Apr 2025 Director, Managing Executive Officer, General Manager of Sales Division in charge of Steel Sheets, and General Manager, West Japan Branch (current)
1965-06-25
Nosuke TANAKA
Director, General Manager of Corporate Planning Division and General Manager of Corporate Planning Department
Apr 1989 Joined the Company Jul 2014 General Manager, Tohoku Branch, and Representative Director, President, Kanoks Corporation Kitakami (now Kanoks Kokan Kitakami Co., Ltd.) Oct 2015 General Manager, Automotive Steel Products Department, Nagoya Head Office Apr 2021 General Manager, Nagoya Head Office Jul 2021 Managing Officer, General Manager, Nagoya Head Office Jun 2022 Executive Officer, General Manager of Sales Division in charge of Automotive Steel, and General Manager, Nagoya Head Office Dec 2022 Executive Officer, General Manager of Sales Division in charge of Automotive Steel, General Manager, Nagoya Head Office, and General Manager, Steel Sheet Department, Nagoya Head Office Jun 2023 Director, Executive Officer, General Manager of Sales Division in charge of Automotive Steel, General Manager, Nagoya Head Office, and General Manager, Steel Sheet Department, Nagoya Head Office Oct 2023 Director, Executive Officer, General Manager of Sales Division in charge of Automotive Steel, and General Manager, Nagoya Head Office Apr 2024 Director, Executive Officer, General Manager, Corporate Planning Department, and General Manager, IR & Sustainability Promotion Office Apr 2026 Director, Executive Officer, General Manager, Corporate Planning Division, and General Manager, Corporate Planning Department (current)
1967-03-25
Hiroyuki HANADA
Director, in charge of Management Infrastructure, General Manager of Administration Division, and General Manager of Finance Department
Apr 1993 Joined the Company Apr 2018 General Manager, Accounting Department, and Manager, Screening & Legal Affairs Section, Screening & Legal Affairs Department, Head Office Apr 2019 General Manager, Finance & Accounting Department, and Manager, Screening & Legal Affairs Section, Screening & Legal Affairs Department, Head Office Jun 2020 General Manager, Finance & Accounting Department, and General Manager, Screening & Legal Affairs Department, Head Office Apr 2021 General Manager, Finance, Accounting & Screening Department, Head Office Apr 2022 General Manager, Screening Department, Head Office Apr 2024 In charge of Management Infrastructure, and General Manager, Management Division Jun 2024 Director, Executive Officer, in charge of Management Infrastructure, and General Manager, Management Division Oct 2025 Director, Executive Officer, in charge of Management Infrastructure, General Manager, Management Division, and General Manager, Finance Department (current)
1970-06-26
Tetsuya OKUGAWA
Director (Non-Executive)
Apr 1985 Joined Nagoya Regional Taxation Bureau Sep 1993 Joined Sato Sumio Tax Accountant Office (now Tax Corporation Meinan Keiei) Oct 1993 Registered as Certified Tax Accountant (current) Oct 1994 Joined Noda Yuji Certified Public Accountant and Tax Accountant Office Jul 2001 Joined Sofue Yoshio Certified Public Accountant and Tax Accountant Office (now Deloitte Tohmatsu Tax Co.); appointed Partner in Jun 2007 Apr 2013 Visiting Professor, Graduate School of Law, Nagoya University of Economics (current) Apr 2018 Opened Tetsuya Okugawa Tax Accountant Office; Head of Office (current) Jun 2021 Outside Director, Audit and Supervisory Committee Member, Midac Co., Ltd. (now Midac Holdings Co., Ltd.) (current) Jun 2024 Director, the Company (current)
1962-07-21
Kayoko TSUJI
Director (Non-Executive)
Apr 1998 Registered as Attorney at Law (current) Joined Nagoya Bar Association (now Aichi Bar Association) Joined Nakayama Nobuyoshi Law Office Apr 2005 Established Nakayama & Tsuji Law Office; appointed Partner Feb 2023 Established Tsuji Law Office; appointed Head of Office (current) Jun 2025 Director, the Company (current)
1970-03-30
Katsunari KOBAYASHI
Full-time Audit and Supervisory Board Member
Apr 1988 Joined Tokai Bank, Ltd. (now MUFG Bank, Ltd.) May 2009 Branch Manager, Hekinan Branch, MUFG Bank Jan 2011 Branch Manager, Uchidabashi Branch, MUFG Bank Sep 2012 Branch Manager, Ichinomiya Branch, MUFG Bank May 2014 Managing Officer, Nagoya Sales Division I, Nagoya Sales Headquarters, MUFG Bank Mar 2017 Managing Executive Officer, General Manager, Brokerage Sales Department and Appraisal Department, Shinto Showa Real Estate Co., Ltd. Jun 2018 Director, Managing Executive Officer, General Manager, Sales Division, same company Jun 2019 Director, Senior Managing Executive Officer, in charge of Sales Division, same company Jun 2022 Director, Vice President Executive Officer, same company Jun 2022 Audit & Supervisory Board Member, Shin-Nagoya Kokyo Co., Ltd. Jun 2024 Full-time Audit & Supervisory Board Member, the Company Jun 2026 Full-time Audit and Supervisory Committee Member, Director, the Company (current)
1963-11-19
Taro ARAI
Audit and Supervisory Board Member (Part-time)
Apr 1982 Joined Nichimen Corporation (now Sojitz Corporation), Tokyo Legal Affairs Department Aug 1996 Legal Affairs Department, Nichimen America Inc., New York Apr 2003 Legal Affairs Department, Metal One Corporation Oct 2008 Part-time Lecturer, Faculty of Law, Tokai University (in charge of International Trade Law) Apr 2016 Professor, Faculty of Humanities and Social Sciences, Yamagata University Jun 2020 Audit & Supervisory Board Member, the Company Apr 2021 Part-time Lecturer, Faculty of Law, Aichi University (current) Apr 2023 Part-time Lecturer, Faculty of Humanities and Social Sciences, Yamagata University (current) Apr 2024 Specially Appointed Professor, Faculty of Business Administration, Osaka University of Commerce (current) Jun 2026 Director, Audit and Supervisory Committee Member, the Company (current)
1957-04-12
Yasuyasu MOURI
Audit and Supervisory Board Member (Part-time)
Apr 1989 Joined Chubu Electric Power Co., Inc. Oct 2000 Joined Tohmatsu & Co. (now Deloitte Tohmatsu LLC) Jun 2004 Registered as Certified Public Accountant (current) Jul 2015 Head, Mouri Certified Public Accountant Office (current) Jan 2016 Full-time Audit & Supervisory Board Member, Wonder Planet Co., Ltd. Jun 2020 Audit & Supervisory Board Member, the Company Nov 2022 Full-time Audit & Supervisory Board Member, Grand Green Co., Ltd. Jun 2026 Director, Audit and Supervisory Committee Member, the Company (current)
1965-01-14
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-29
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-28
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-29
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-10
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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