©KITZ CORPORATION All Rights Reserved
Top Message
KITZ Corporation was founded in 1951 as Kitazawa Manufacturing Co., Ltd. KITZ founder Toshio Kitazawa believed that the mission of a manufacturer is to mass produce products and supply them at low cost based on unified standards and quality control. He was quick to establish a full-scale mass production system with the latest manufacturing facilities, and the company has grown as an all-round valve manufacturer to this day.
To realize our Long-term Management Vision "Beyond New Heights 2030-Change the 'Flow'," in the First Medium-term Management Plan 2024 (FY2022-2024), the KITZ Group has been strengthening its business foundation in the Core Markets such as building & facilities, petrochemicals and general chemicals, while aggressively investing in the Growth Market such as semiconductors, hydrogen & clean energy. As a result, sales and profits for the three-year period of the Medium-term Management Plan have increased, and in the current fiscal year, we achieved record-high sales and profits at all levels.
Under the Second Medium-term Management Plan "SHIN Global 2027 (FY2025-2027)," announced in February 2025, we will strive to maximize group synergies and further invest in the Growth Markets to achieve "both profitability and growth."
KITZ Corporation fulfills its accountability by disclosing corporate information, including nonfinancial information such as ESG, in a fair, timely, and appropriate manner, in addition to our management strategy and financial condition. I would like to ask our shareholders and investors for their continued support.
Makoto Kohno
Director
Representative Executive Officer and President
CEO
KITZ Corporation
Corporate Mission
Outline of KITZ Corporation
(As of December 31, 2025)
Firm name | KITZ Corporation |
Director, Representative Executive Officer and President | Makoto Kohno |
Head Office | Tokyo Shiodome Building,1-9-1, Higashi-Shimbashi, Minato-ku, Tokyo, Japan |
Plants | Nagasaka Plant, Ina Plant, Chino Plant |
Network | 15 Japanese sales office, 2 Overseas marketing bases |
Foundation | January 26, 1951 |
Capital fund | ¥21,207 million |
Fiscal term | Annually in December |
Stock Exchange listing | Tokyo Stock Exchange Prime Market (Code: 6498) |
Share Unit Number | 100 shares |
Rating | R&I : A - (Stable), JCR : A (Stable) |
Business activities | Manufacturing and sales of valves, other flow control devices, and related products. |
Number of employees | 5,469 in consolidation |
Number of consolidated subsidiaries | 34 |
KITZ Group Global Network
|
Asia |
・KITZ Corporation of Taiwan/ Taiwan |
・KITZ（Thailand）Ltd. / Thailand |
・KITZ Corporation of Kunshan / China |
・KITZ Corporation of Jiangsu Kunshan / China |
・KITZ Corporation of Lianyungang / China |
・KITZ SCT Corporation of Kunshan / China |
・KITZ India Private Limited/ India |
・Filcore Co., Ltd. / Korea |
・KITZ Corporation of Korea / Korea |
・KITZ Corporation of Vietnam Co., Ltd. / Vietnam |
Americas |
・Metalúrgica Golden Art's Ltda. / Brazil |
Europe |
・KITZ Corporation of Europe, S.A. / Spain |
・Perrin GmbH / Germany |
Overseas M&A Domestic M&A
|
Asia |
・KITZ Corporation of Shanghai / China |
・KITZ Corporation of Asia Pacific Pte. Ltd. / Singapore |
・KITZ Valve & Actuation Singapore Pte. Ltd. / Singapore |
・KITZ Valve & Actuation (Thailand) Co., Ltd. / Thailand |
・KITZ Valve & Actuation (Malaysia) Sdn Bhd. / Malaysia |
・KITZ Hong Kong Company Limited / Hong Kong |
・KITZ Valve & Actuation Vietnam Co., Ltd. / Vietnam |
・KITZ Valve & Actuation India Private Limited / India |
Americas |
・KITZ Corporation of America / U.S.A. |
・KITZ SCT America Corporation / U.S.A. |
| ||
・Dubai Liaison Office / U.A.E. | ||
| ||
・KITZ SGS Corporation | ・YKV Corporation | ・KITZ SCT Corporation |
・KITZ Engineering Service Co., Ltd. | ・KITZ Micro Filter Corporation | ・KITZ Metal Works Corporation |
・Hokutoh Giken Kogyo Corporation | ・Hotel Beniya Co., Ltd. ©KITZ CORPORATION All Rights Reserved ｜4 | |
Domestic M&A Overseas M&A Expansion of the overseas business by the company | |
1951 | KITZ Nagasaka Plant was founded in Yamanashi Pref. for production of bronze valves |
1959 | Production of brass rods started. |
1962 | Company name changed to Kitazawa Valve Co., Ltd. |
1969 | Production of cast iron valves started. |
1970 | Operations started casting and machining facilities for stainless steel valve at Nagasaka Plant. |
1974 | Production of carbon steel valves started. |
1975 | Japanese-character company name Changed. (English name remained same). |
1984 | Shares listed on first section of Tokyo Stock Exchange. |
Established KITZ Corporation of America in Houston, Texas. | |
1985 | Established KITZ Corporation of Taiwan in Kaohsiung, Taiwan. |
1988 | Established KITZ (Thailand) Ltd., in Samutprakarn, Thailand. |
1989 | The Nagasaka and Ina Plants earned ISO 9001 quality management system certification, making KITZ the first Japanese company to receive this certification. |
1991 | ISO S.A. (currently KITZ Corporation of Europe, S.A.), a valve manufacturer in Spain, joined the KITZ Group. |
1992 | Changed name to KITZ Corporation and moved the head office to the Makuhari district of Chiba-shi. |
1995 | Shimizu Alloy Mfg. Co., Ltd., joined the KITZ Group, enabling the Group to begin supplying products for water supply systems. |
1999 | Miyoshi Valve Co., Ltd., joined the KITZ Group. |
2001 | Purchased semiconductor manufacturing related business from the former Benkan Group and established KITZ SCT Corporation. |
2002 | Established KITZ Corporation of Kunshan in China. |
2003 | Established KITZ Corporation of Shanghai in China and KITZ Corporation of Jangsu Kunshan. |
2004 | Purchased the valve business of the former Toyo Valve Co., Ltd., and started business at its reorganized operations. |
Spun off the KITZ brass bar manufacturing and micro filter businesses. ©KITZ CORPORATION All Rights Reserved ｜5 | |
History 1951-2004
2007 | Established KITZ Corporation of Lianyungang in China. |
2009 | Perrin GmbH, a ball valve manufacturer in Germany, joined the KITZ Group. |
2010 | Changed the number of shares per unit from 1,000 to 100. |
2011 | Established KITZ Corporation of Asia Pacific Pte. Ltd., in Singapore. |
2012 | Transferred the manufacturing operations of Toyo Valve Co., Ltd., to KITZ, changing Toyo Valve into a sales company. |
Development and sales of high pressure ball valves for hydrogen stations started. | |
2013 | Mikuni Engineering (Singapore) Pte. Ltd. (currently KITZ Valve & Actuation Singapore Pte. Ltd.) joined the KITZ Group. |
2015 | Micro Pneumatics Pvt. Ltd., an industrial valve manufacturer in India, joins the KITZ Group. |
Established KITZ Valve & Actuation (Thailand) Co., Ltd. In Thailand | |
Hokutoh Giken Kogyo Corporation joined the KITZ Group. | |
Metalúrgica Golden Art's Ltda., a industrial ball valve manufacturer in Brazil, joined the KITZ Group. | |
2016 | Established KITZ Corporation of Korea in South Korea. |
Filcore Co., Ltd., a hollow fiber membrane manufacturer in Korea, joined the KITZ Group. | |
2017 | Established KITZ Hong Kong Company Limited in Hong Kong. |
Established KITZ Valve & Actuation (Malaysia) Sdn. Bhd. in Malaysia | |
2018 | Cephas Pipelines Corp., an industrial butterfly valve manufacturer in Korea, joined the KITZ Group. |
2019 | Capital and Business Alliance with Unimech Group Berhad |
2020 | Changing the fiscal year end from March to December is approved at the General Meeting of Shareholders. |
2022 | Formulated the Long-term Vision "Beyond New Heights 2030 Changing the 'Flow'" |
2023 | Established KITZ Corporation of Vietnam Co., Ltd. in Vietnam. |
Relocated the head office to Minato-ku, Tokyo. | |
2024 | Transitioned the structure of the corporate organization from a company with audit & supervisory board to a company with a nominating committee, etc. |
2024 | Established KITZ Valve & Actuation India Private Limited in India |
2025 | Absorbed Toyo Valve Co., Ltd. through a merger |
History 2007-2025
©KITZ CORPORATION All Rights Reserved ｜6
Business Segments
KITZ manufacture and sell water purifiers, industrial filters, and various devices centered around valves, for water distribution, sewage, hot-water supply, gas distribution, air-conditioning and other lifeline services, and for industrial domains handling petroleum, natural gas, petrochemicals, chemicals, pulp, paper and semiconductors.
Valve Manufacturing Business% of Sales
80.0%
KITZ operate a resort hotel in Suwa City, Nagano Pref.
Other
% of Sales
1.6%
*Note : % of Sales in FY2025
Metal Solutions Business
% of Sales
18.4%
KITZ manufacture and sell brass bars, the main material for copper alloy valve components. Our brass bars are also used for components of electronic equipment, precision instruments, automobiles and
utility service equipment.
©KITZ CORPORATION All Rights Reserved ｜7
Sales / Overseas sales and OP
・Sales and profit increased for 3
consecutive years
・Growth of Semiconductor Market
in FY2022-2023
Price revision in domestic market
Target for FY2027
Sakes ¥200.0b
(Million yen)
200,000
2nd medium-term Management Plan
（2022-2024）
1st Medium-term
Management Plan
（2022-2024）
OP ¥20.0b
(Million yen)
20,000
180,000 2004
Acquisition of TOYO Valve
160,000
・9-month financial results due to a change in the fiscal year-end
・Lower revenue due to Covid-19 Pandemic
18,000
16,000
140,000 14,000
120,000 12,000
100,000 10,000
80,000 8,000
60,000 6,000
40,000 4,000
20,000 2,000
0 0
FY 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Sales (Left Axis) Overseas Sales (Left Axis) OP (Right Axis)11 Years Financial Indicators
(Millions of Yen)
FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 (9 months) | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
Total Assets | 119,422 | 119,148 | 133,545 | 131,657 | 135,063 | 140,681 | 143,419 | 152,569 | 166,693 | 172,406 | 184,325 |
Total Net Assets | 76,096 | 74,892 | 77,391 | 76,829 | 76,879 | 75,167 | 81,253 | 91,042 | 102,207 | 109,809 | 119,790 |
Free Cash Flow | (171) | 10,838 | (125) | 804 | 5,288 | 7,645 | 5,044 | 1,070 | 8,600 | 10,722 | 3,348 |
Interest-bearing Liabilities | 25,008 | 24,787 | 34,302 | 33,672 | 39,147 | 49,352 | 39,710 | 38,386 | 37,942 | 36,089 | 37,013 |
EPS (Yen） | 45.5 | 51.43 | 65.5 | 58.5 | 53.06 | 23.38 | 55.26 | 95.35 | 118.07 | 132.64 | 131.85 |
BPS (Yen） | 700.17 | 727.78 | 782.98 | 793.74 | 819.49 | 828.76 | 896.55 | 1,002.69 | 1,124.39 | 1,246.16 | 1,358.57 |
ROE（％） | 6.6 | 7.3 | 8.7 | 7.4 | 6.5 | 2.8 | 6.4 | 10.0 | 11.1 | 11.3 | 10.1 |
Cash Dividends （Yen） | 13 | 13 | 17 | 20 | 20 | 9 | 20 | 33 | 41 | 46 | 53 |
Equity Capital | 75,069 | 73,790 | 76,217 | 75,597 | 75,574 | 74,292 | 80,369 | 89,941 | 100,874 | 108,386 | 118,157 |
（Ratio） | (62.9%) | (61.9%) | (56.8%) | (57.4%) | (56.0%) | (52.8%) | (56.0%) | (59.0%) | (60.5%) | (62.9%) | (64.1%) |
Number of Employees | 4,456 | 4,597 | 4,762 | 4,945 | 5,048 | 5,090 | 5,153 | 5,352 | 5,382 | 5,415 | 5,469 |
11 Years Earnings by Segments
Net Sales (Millions of Yen)
FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 (9 months) | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
Valve | 93,579 | 91,766 | 98,162 | 109,969 | 103,114 | 70,129 | 106,754 | 125,189 | 136,016 | 139,556 | 141,415 |
Metal Solutions | 20,557 | 19,333 | 23,535 | 23,643 | 21,061 | 12,952 | 27,366 | 32,513 | 28,425 | 29,838 | 32,514 |
Other | 3,141 | 3,002 | 2,867 | 3,025 | 2,914 | 1,163 | 1,668 | 2,212 | 2,499 | 2,647 | 2,752 |
Total | 117,278 | 114,101 | 124,566 | 136,637 | 127,090 | 84,245 | 135,790 | 159,914 | 166,941 | 172,042 | 176,682 |
Operating Income
FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 (9 months) | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
Valve | 10,384 | 11,444 | 12,797 | 14,938 | 10,627 | 6,708 | 12,088 | 14,980 | 17,626 | 17,419 | 18,886 |
Metal Solutions | (16) | 831 | 699 | 287 | (6) | (146) | 665 | 222 | 512 | 886 | 865 |
Other | 75 | 59 | (28) | 90 | (11) | (254) | (243) | 68 | 105 | 146 | 171 |
Consolidation adjustment | (3,197) | (3,405) | (3,351) | (3,602) | (3,660) | (2,555) | (3,519) | (4,219) | (4,556) | (4,232) | (4,467) |
Total | 7,245 | 8,929 | 10,117 | 11,713 | 6,950 | 3,751 | 8,990 | 11,051 | 13,687 | 14,220 | 15,454 |
FX Rate / Copper price
FY2015 | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 (9 months) | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
¥ to USD1.00 | 121.04 | 109.45 | 112.04 | 110.37 | 109.25 | 105.55 | 110.39 | 132.09 | 141.20 | 152.27 | 149.78 |
¥ to EUR1.00 | 133.66 | 120.59 | 127.19 | 130.00 | 122.15 | 122.60 | 130.36 | 138.49 | 153.14 | 164.38 | 169.51 |
Copper ¥ per kg | 675 | 604 | 757 | 748 | 682 | 714 | 1,067 | 1,194 | 1,246 | 1,436 | 1,536 |
Line up of KITZ Group
Valve Manufacturing Business
Commercial Valves
Industrial Valves High-Pressure Ball Valves
for Hydrogen Stations
A Chrysanthemum-handle is a symbol of KITZ, the brand of valve reliability.
Products for Semiconductor Manufacturing Equipment
Valves for Water Distribution
Trunnion Mounted Ball Valves
Metal Seated Ball Valves
Drinking Water Conditioning Devices
©KITZ CORPORATION All Rights Reserved ｜11
1.
Brand as a
Mark of High Quality
2. Integrated Production System and Quality Control
Strength of KITZ Group-1
Our integrated production system-covering material selection, casting, forging, machining, assembly, and inspection-ensures high quality, stable supplies, and short delivery times.
We are the first company in Japan to earn ISO 9001 certification (1989), the international
quality assurance standard.
Casting
Machining, Assembling
Inspection
Melting
Pouring Assembling
Pressure test
Heat treatment Painting
3. Wide Range of Products and Markets
4. High-mix Low-volume Manufacturing
Strength of KITZ Group-2
Our wide range of materials and valve types that serve diverse sectors and areas
minimize fluctuations and drive stable growth.
Each KITZ Group company boasts its own unique technological advantages and strong market. By combining these advantages, we can meet customer needs that other companies struggle to address.
Water Office buildings
purification and hotels,
plants hospitals
Oil refineries and Pools and
petrochemical hot springs
plants
Crude oil and natural gas excavation locations
Houses
LNG terminal
and Hydrogen
transportation stations
facilities
Thermal
p ts
ower plan
Hydrogen supply chain
H
2
Sewage plants
Semiconductor manufacturing facilities
Water supply and distribution facilities
KITZ KITZ SCT KITZ SGS
High pressure 5
KITZ Group
Chemical resistance
Elution
Seismic resistance
Flow control
Particle resistance
4.5
4
3.5
3
2.5
2
1.5
1
0.5
0
Corrosion resistance
Low pressure
5
4
3
2
1
0
Vacuum
High temperature
Low temperature
Durability
5. Global Manufacturing and Sales System
Strength of KITZ Group-3
We have sales records in over 50 countries. By establishing production sites in various parts of the world, we are able to respond accurately and swiftly to the local market needs.
In Japan, we maintain price leadership through a strong sales network and a high market share.
Production Production & Sales Sales
Germany
China(KCL)
China(KJK)
China(KSK)
China(KCS)
China(KCK)
Global sites 17 countries 32 sites*
Production 15 sites
Sales 22 sites
Japanese sites 38 sites* Production 7 sites
Sales 35 sites
South Korea(FIL)
South Korea(KKR)
Spain
India
Thailand
Vietman
Taiwan
Brazil
Reflecting initiatives to transform the business portfolio through new material development and enhanced processing capabilities, the segment name was changed to the Metal Solutions Business in FY2026.
Metal Solutions Business
The business of manufacturing and selling brass bars and other fabricated brass products
The second largest market share position in Japan
Developing and selling new materials that comply with environmental regulations, such as lead-free brass bars
Brass Bar After Processing
Brass bars are widely used in valves and joints, as well as processed into faucet
fittings, gas equipment, and materials for home appliance components.
Other Businesses (Hotel)
Located in Suwa, Nagano Prefecture, where the founder of KITZ was born and many of the group companies are based.
Operating the Suwako Service Area on the Chuo Expressway (outbound) and the
Tobu-yunomaru Service Area on the Joshin-etsu Expressway (inbound)
Discount coupons for stays at Hotel Beniya as a shareholder's benefit
Hotel Beniya, located on the shore of Lake Suwa
Business structure targeted for 2030
Shift in business domains
Aim for two-sided management that can generate earnings in core businesses and growth areas
Proactively allocate resources to growth fields and regions against the backdrop of digitalization and de-carbonization
Business development with emphasis on return on invested capital (ROIC)
Sustainability Management (Overview)
KITZ Group Materiality
2nd Medium-term Plan "SHIN Global 2027"
2nd Medium-term Plan Executive Summary
2nd Medium-term Plan Strategies by Market and Area
Market Strategies
Customer- and market-driven business
Growth markets
Expedite growth through M&A activities
Develop products for semiconductor equipment/ materials/ facilities
Engage in energy transition
Expand in hydrogen supply chain market
Core markets
Grow sales of products for data center market
Expand share in Machinery & Equipment market
Launch construction and engineering business
Increase sales of severe-service applications
Area Strategies
ASEAN,
China
Locally led approach to identifying growth opportunities
Localize development/production/ consumption
Approach to green energy projects
Americas, Europe
Penetrate data center market
Strengthen supply capacity (inventory
expansion, production planning)
Improve sales of stainless steal valves in petrochemical market in North America
Develop eco-compliant products
Strategies by
India, Middle East
Improve Indian distributor network
Establish business location in Middle East
Market and Area
Generating Group synergy to expedite strategies
Group Synergy DX
Use digital technology to develop and support strategies
Group Synergy
Share production resources across group
Facilitate cross-selling of group brands and products
Build global procurement network
Optimize production locations to optimize
inventories
Adopt SBU system to improve product development, design, and lead times
Establish data-driven approach
DX
Forecast demand more accurately
Develop customer relationship management, build databank on customers and competitors
Engage in digital marketing
Automate operations and save labor
Shareholder Return
Raise the ideal dividend payout ratio from approx. 35% to at least 40% (effective from FY2025)
Shareholder return policy Dividend results and forecast
親会社株主に帰属する当期純利益
Profit attributable to owners of the parent
Shareholder return
FY2025 ¥53 per share
:5 consecutive years of growth
(¥19⇒¥21 in Q2 and ¥27⇒ ¥32 in Q4)
FY2026 plan increased to ¥59 per share (¥29 in Q2 and ¥30 in Q4)
59
53
46
41
33
20
20
20
17
13
9
Consider share buybacks depending on the investment environment and other conditions to achieve an optimal capital structure and target ROE
Annual Dividend History and Plan (Yen)
（9 Month FY）
17/3 18/3 19/3 20/3 20/12 21/12 22/12 23/12 24/12 25/12 26/12 (plan)
DPR standard
25%
35%
40%
Yui Susaki, the gold medalist in wrestling at the Tokyo 2020 Olympics joined KITZ on April 1st, 2022.
Under the Second Medium-term plan, together with Ms.Susaki, we will aim for even higher goals.
Profile of Yui Susaki
Sports | Wrestling |
Date of Birth | June 30, 1999 |
Place of Origin | Matsudo City, Chiba Prefecture |
Alma Mater | Waseda University |
Aiming "Beyond New Heights" with Yui Susaki
©KITZ CORPORATION All Rights Reserved