Overview
Wholesale Trade

UEX,LTD.

UEX, Ltd. is a specialized trading and manufacturing company focused on stainless steel and other metal materials, operating through a group of 9 entities (parent and 8 subsidiaries). The company's core activities include the cutting and distribution of stainless steel sheets, pipes, and bar steel, manufacturing and sales of processed metal products (including OEM production of weather covers), and engineering services for industrial equipment targeting food and chemical industries. The group also operates in China through a Shanghai-based subsidiary engaged in stainless steel pipe and processed product manufacturing and sales.

Market Cap
¥14.5B
US$92.4M
EV
¥17.4B
US$111M
Stock¥1,407▼-4.74%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.5
x
LTM EV/EBIT
10.6
x
LTM PER
5.9
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+62.6%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jan 15, 26Rise on strong quarterly earnings results
2Mar 19, 26Profit-taking ahead of earnings announcement
MC → EV Bridge
14.5BUS$92.4MMarket Cap13.2BUS$84.5M+ Debt7.56BUS$48.2M− Cash2.83BUS$18.1M− Inv. Sec.0.03BUS$0.22M+ NCI17.4BUS$111MEV
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Performance & Balance
Revenue 5Y (¥B)
45.5US$290M'22/353.8US$343M'23/352.1US$332M'24/350.3US$321M'25/349.7US$317M'26/3
EBITDA 5Y (¥B)
2.56US$16.3M'22/34.73US$30.2M'23/32.55US$16.3M'24/32.21US$14.1M'25/3
Net Income 5Y (¥B)
1.40US$8.93M'22/32.83US$18.0M'23/31.30US$8.27M'24/30.93US$5.92M'25/30.67US$4.25M'26/3
Capital Structure
59%
41%
EquityD/E 0.69xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
7.21US$46.0M8.26US$52.7M'22/38.02US$51.2M8.29US$52.9M'23/39.63US$61.4M9.43US$60.1M'24/39.60US$61.2M12.1US$77.5M'25/311.7US$74.8M13.9US$88.7M'26/3
Shareholders
Top 10 hold 32.6%
1
SUMITOMO CORPORATION (SUMITOMO SHOJI KAISHA,LTD.)
6.53%
2
NIPPON STEEL CORPORATION
6.32%
3
Mitsui & Co. Steel Ltd.
3.34%
4
Shigeki KONUMA
3.11%
5
Noriyuki KISHIMOTO
3.03%
6
Daido Steel Co.,Ltd.
2.87%
7
The Dai-ichi Life Insurance Company, Limited (Standing Proxy: Custody Bank of Japan, Ltd.)
2.43%
8
Mizuho Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
2.13%
9
NS Stainless Co., Ltd.
1.42%
10
Ueda Yagi Tanshi Co., Ltd.
1.38%
Management
9 officers
Noriyuki KISHIMOTO
Director and Chairman
Mar 1979 Joined the Company Jun 1999 Managing Officer, General Manager of General Affairs Department Jun 2001 Director in charge of Corporate Planning and General Manager of General Affairs Department Jun 2005 Managing Director in charge of Corporate Planning and Accounting and General Manager of General Affairs Department Jun 2011 Senior Managing Director in charge of Corporate Planning and Accounting and General Manager of General Affairs Department Apr 2012 Representative Director, President Mar 2025 Director and Chairman (current)
1956-03-04
Masaki HIDAKA
Representative Director, President
Apr 1986 Joined Shin Nihon Securities Co., Ltd. (now Mizuho Securities Co., Ltd.) Oct 2011 Joined the Company Apr 2015 General Manager, Corporate Planning Department Jun 2018 Executive Officer, General Manager, Corporate Planning Department Jun 2023 Director and Executive Officer in charge of General Affairs and Accounting, General Manager, Corporate Planning Department Apr 2024 Director and Managing Executive Officer in charge of Corporate Planning, General Affairs and Accounting Mar 2025 Representative Director, President (current)
1963-06-20
Yusuke AISE
Director
Apr 1989 Joined the Company Nov 2009 General Manager, Kyushu Branch Apr 2016 General Manager, Osaka Branch Jun 2019 Executive Officer, General Manager, Osaka Branch Apr 2022 Executive Officer, General Manager, User Sales Department Apr 2024 Executive Officer, General Manager of Sales (current) Jun 2024 Director (current)
1964-07-25
Tetsuo ITO
Director
Apr 1979 Joined the Environment Agency Jan 2001 Counselor, Cabinet Secretariat (Assistant to Deputy Chief Cabinet Secretary) Jul 2003 Visiting Researcher, East-West Center (United States) Jul 2004 Director, General Affairs Division, Natural Environment Bureau, Ministry of the Environment Jul 2005 Director, Accounting Division, Minister's Secretariat, Ministry of the Environment Jul 2006 Director-General, Nagasaki Customs, Ministry of Finance Jul 2008 Senior Deputy Director-General, Minister's Secretariat, Ministry of the Environment (concurrently Senior Deputy Director-General for Water Environment) Aug 2010 Director-General, Waste Management and Recycling Department, Minister's Secretariat, Ministry of the Environment Aug 2012 Director-General, Natural Environment Bureau, Ministry of the Environment Jul 2013 Retired from Ministry of the Environment Mar 2014 Managing Director, National Park Association of Japan (general incorporated foundation) Jun 2014 Director of the Company (current)
1954-06-20
Masaru KOSAI
Director
Apr 1973 Joined Sumitomo Corporation Jun 1996 General Manager, Steel Pipe Department, Houston Branch, Sumitomo Corporation of America Apr 2002 General Manager, Osaka Steel Pipe, Plate and Transportation Equipment Department, Sumitomo Corporation Apr 2004 General Manager, Domestic Steel Pipe Business Department, Steel Pipe Division, Sumitomo Corporation Jun 2006 President and Representative Director, Sumisho Pipe & Steel Co., Ltd. Apr 2010 President and Representative Director, Sumisho Steel Pipe Co., Ltd. Jun 2015 Director of the Company (current)
1950-08-31
Yoko NIIKURA
Director
Apr 1987 Joined Nippon Telegraph and Telephone Corporation Apr 2000 Manager, Corporate Sales Department, NTT DoCoMo Shizuoka Branch Apr 2007 Manager, Healthcare Business Division, NTT Data Healthcare Co., Ltd. Jul 2011 Manager, Global Business Division, NTT Data Healthcare Co., Ltd. Oct 2017 Adviser, Suzuyo & Co., Ltd. Oct 2018 Web Marketing Group Leader, Marketing Communications Department, Fuji Dream Airlines Co., Ltd. Aug 2020 Communication Lead, Digital & ICT Promotion Department, Idemitsu Kosan Co., Ltd. Jun 2023 Left Idemitsu Kosan Co., Ltd. Jun 2024 Director of the Company (current)
1964-10-25
Tsuyoshi MORI
Full-time Corporate Auditor
Apr 1982 Joined the Company Dec 1990 Left the Company Feb 1993 Rejoined the Company Jun 2007 General Manager, Accounting Department Jun 2019 Corporate Auditor of the Company (current)
1959-03-03
Toru TERAI
Full-time Corporate Auditor
Apr 1982 Joined The Nihon Kogyo Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2008 General Manager, Osaka Business Administration Department, Mizuho Corporate Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2010 General Manager, Business Administration Department, Mizuho Bank, Ltd. May 2011 Seconded from Mizuho Bank, Ltd. to Mizuho International Business Services Co., Ltd. Sep 2011 Senior Managing Director, Mizuho International Business Services Co., Ltd. Apr 2016 Senior Managing Director, Mizuho Delivery Service Co., Ltd. (merged in Apr 2019 to form Mizuho Business Service Co., Ltd.) Apr 2019 Senior Managing Director, Mizuho Business Service Co., Ltd. Jun 2019 Corporate Auditor of the Company (current)
1959-09-06
Ryotaro OGAWA
Corporate Auditor
Dec 2013 Joined Ogawa Law Office (current) Jun 2023 Member, Steering Committee, Mediation Center for Real Estate Appraisers, Japan Real Estate Appraisers Association (current) Jun 2024 Corporate Auditor of the Company (current)
1984-12-23
Large Shareholding Reports
Sumitomo Corporation
2026-05-19
6.00%→0.00%
Annual report (as of 2026-03-31): 6.53%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-22
Forecast Revision
TDnet
2026-08-07
Q1 Earnings Flash
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-19
Large Shareholding Report
TDnet
2026-02-05
Q3 Earnings Flash
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-07
Q1 Earnings Flash
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-06
Q3 Earnings Flash
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
EDINET
2024-06-20
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
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
2023-06-20
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-21
Annual Securities Report
EDINET
2022-02-09
Quarterly Securities Report
EDINET
2021-11-09
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-22
Annual Securities Report
EDINET
2021-02-08
Quarterly Securities Report
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