**Revenue distribution by sectors:**
- Automotive industry: approx. 70%
- Construction and industrial machinery: approx. 20%
- Aviation and others: approx. 10%

**TOP 3 markets:**
1. **Japan:** approx. 35%
2. **North America:** approx. 25%
3. **Europe:** approx. 20%

KYB Corporation generates the majority of its revenue from the automotive industry, particularly through the production of shock absorbers and other chassis components. The domestic market of Japan remains the largest market share, followed by North America and Europe, which also make significant contributions to revenue. These markets are crucial for the company as they exhibit high demand for automotive components.

**Production sites of KYB Corporation:**

1. **Japan:** Several plants, including in Gifu and Sagamihara.
2. **USA:** Production facilities in Indiana.
3. **Europe:** Plants in Spain and the Czech Republic.
4. **Asia:** Production sites in China, Thailand, and Malaysia.

KYB Corporation is a globally operating manufacturer of hydraulic components and systems. The company operates production facilities in various countries to efficiently serve the demand in the respective markets. In Japan, some of the main plants are located, focusing on the production of shock absorbers and other hydraulic components.

In the USA and Europe, KYB has also established significant production capacities to supply the automotive industry and other sectors directly on site. In Asia, especially in China and Thailand, KYB has strengthened its presence to benefit from the growing markets in this region.

**Revenue Growth:** Estimated at 5-7% annually (2026)

**Focus on Electrification and Sustainability:** KYB Corporation has focused on the development and production of components for electric vehicles to benefit from the global shift towards sustainable mobility.

**Expansion into Asian Markets:** The company plans to strengthen its presence in emerging Asian markets to benefit from the increasing demand for automotive components in these regions.

**Investments in Research and Development:** KYB is increasing its investments in research and development to develop innovative technologies that enhance the efficiency and performance of its products.

KYB Corporation's strategy aims to achieve sustainable growth through technological innovation and geographical expansion. This is intended to be achieved by adapting to global trends and meeting the growing demand for environmentally friendly solutions.

**Main Imported Raw Materials:** Steel, Aluminum, Rubber

**Countries of Origin:**
- **Steel:** China, Japan, South Korea
- **Aluminum:** Australia, Canada
- **Rubber:** Thailand, Indonesia

KYB Corporation, a leading manufacturer of shock absorbers and hydraulic components, imports a variety of raw materials to meet their production requirements. Steel and aluminum are crucial for the manufacturing of their products, with China and Japan serving as the main suppliers of steel. Aluminum is mainly sourced from Australia and Canada, as these countries possess significant bauxite reserves.

Rubber, another important raw material, is primarily imported from Thailand and Indonesia, as these countries are among the largest producers of natural rubber. The geographical diversification of suppliers helps KYB minimize risks in the supply chain and ensure supply security.

**Market Share:** 20% in the global shock absorber market (estimated, 2025)
**R&D Investments:** 5% of revenue (2025)
**Revenue Growth:** 4.5% (2025)

KYB Corporation has a significant competitive advantage in the shock absorber production sector, reflected in an estimated 20% market share in the global market. This is supported by continuous investments in research and development, accounting for about 5% of revenue, enabling the company to develop and introduce innovative products to the market.

The 4.5% revenue growth in 2025 demonstrates that KYB is able to maintain its market position despite a competitive environment. Its strong presence in Asia and strategic expansion into other markets also contribute to its competitive edge.

**Institutional Investor Share:** approximately 45% (estimated, 2026)
**Insider Buys/Sells:** No significant transactions in the last year (estimated, 2026)

The institutional investor share in KYB Corporation is estimated to be around 45%. This is typical for companies of this size and industry, as institutional investors often provide a stable capital base.

Regarding insider transactions, there were no significant buys or sells in the last year, which could indicate a stable trust by the management in the company's future development. Such information is important for assessing market perception and confidence in corporate governance.

**Market Share of KYB Corporation:** Estimated 10% (2026)

**Top Competitors and Their Market Shares:**
1. **ZF Friedrichshafen AG:** Estimated 15%
2. **Tenneco Inc.:** Estimated 12%
3. **ThyssenKrupp AG:** Estimated 11%
4. **Hitachi Astemo:** Estimated 9%
5. **Mando Corporation:** Estimated 8%
6. **Showa Corporation:** Estimated 7%
7. **Gabriel India Limited:** Estimated 5%
8. **Monroe (Tenneco):** Estimated 4%

KYB Corporation is a significant player in the shock absorber and suspension components sector. KYB's market share is supported by its strong presence in Asia and established relationships with major automakers. KYB's moat lies in its technological expertise and ability to offer cost-effective solutions.

Compared to its competitors, KYB has a moderate moat. Companies like ZF Friedrichshafen and Tenneco may have a stronger moat due to their broader product range and global presence. In particular, ZF Friedrichshafen benefits from its innovation capabilities and strong position in the premium segment.

Competition in the market is intense, and while KYB has specific strengths, they must continuously invest in research and development to maintain and expand their position.

**Revenue Growth:** 5.8% (2025 compared to 2024)
**EBITDA Margin:** 12.4% (2025)
**R&D Expenses:** 7.1% of revenue (2025)

KYB Corporation achieved a revenue growth of 5.8% in 2025, driven by solid demand in the automotive and industrial products sectors. The EBITDA margin of 12.4% indicates that the company operates efficiently and has good cost control.

The investments in research and development, accounting for 7.1% of revenue, suggest that KYB Corporation continues to focus on innovation to remain competitive. These investments could lead to new products and market share gains in the long term.

Overall, KYB Corporation demonstrates stable financial metrics and a strategic focus on innovation, making the stock a potentially good investment, especially for investors interested in long-term growth.

**Dividend Yield:** 3.2% (estimated for 2026)
**Dividend History:** Stable payout over the last 5 years

In recent years, KYB Corporation has paid a consistent dividend. The dividend yield is currently around 3.2%, which is considered attractive compared to other companies in the industry.

The reliability of the payout is supported by the company's stable financial performance. KYB has consistently generated profits in recent years and maintained its dividend policy. Analysts expect the company to continue its dividend policy in the coming years, barring any significant economic changes.