Overview
Retail Trade

NAFCO Co.,Ltd.

Nafco Co., Ltd. is a large-format home center retailer operating primarily across Kyushu and the Chugoku regions of Japan, with expanding presence in Kansai, Chubu, and Kanto areas. The company sells a broad assortment of products across three core categories: building materials, DIY, and gardening supplies; daily household goods; and furniture and home fashion items. Its stores are characterized by suburban locations with ample parking, catering to both general consumers and professional contractors with competitive pricing and extensive product selection.

Market Cap
¥48.1B
US$306M
EV
¥59.4B
US$378M
Stock¥1,958▼-1.11%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
7.8
x
LTM EV/EBIT
39.3
x
LTM PER
133.0
x
LTM PBR
0.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-25.0%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
48.1BUS$306MMarket Cap32.4BUS$206M+ Debt20.6BUS$131M− Cash0.53BUS$3.39M− Inv. Sec.59.4BUS$378MEV
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Performance & Balance
Revenue 5Y (¥B)
207US$1.32B'22/3202US$1.29B'23/3192US$1.22B'24/3182US$1.16B'25/3175US$1.12B'26/3
EBITDA 5Y (¥B)
17.7US$112M'22/314.8US$94.5M'23/310.8US$68.9M'24/37.34US$46.7M'25/37.52US$47.9M'26/3
Net Income 5Y (¥B)
7.96US$50.7M'22/35.64US$35.9M'23/33.11US$19.8M'24/30.18US$1.17M'25/30.22US$1.42M'26/3
Capital Structure
83%
EquityD/E 0.21xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
34.4US$219M24.2US$154M'22/336.4US$232M23.2US$148M'23/333.4US$213M24.1US$153M'24/318.9US$120M24.8US$158M'25/312.1US$76.8M23.1US$147M'26/3
Shareholders
Top 10 hold 66.0%
1
Fukasho Kosan Co., Ltd.
31.57%
2
THE SFP VALUE REALIZATION MASTER FUND LTD. (Standing Proxy: Tachibana Securities Co., Ltd.)
7.56%
3
Masamitsu TAKANO
3.64%
4
Yuko TAKANO
3.64%
5
Hiroko FUKAMACHI
3.63%
6
Keiko ISHIDA
3.63%
7
Tomoyo NAGANO
3.63%
8
Keiji FUKAMACHI
3.36%
9
Tadashi FUKAMACHI
3.07%
10
TYF Holdings Co., Ltd.
2.32%
Management
18 officers
Takumi ISHIDA
Representative Director, President; General Manager, HI Sales Headquarters; in charge of Accounting and General Affairs
Apr 1976 Joined Ministry of Labour Dec 1985 Joined Yamaichi Securities Economic Research Institute Co., Ltd. Apr 1991 Joined Fukamachi Kagu-ten Co., Ltd. Mar 1997 General Manager, Business Division, Fukamachi Kagu-ten Co., Ltd. Sep 1998 Joined the Company; General Manager, Business Division Feb 2000 Director; General Manager, Business Division Dec 2002 Senior Managing Director; General Manager, Business Division May 2003 Senior Managing Director; General Manager, Business Promotion Department Jun 2007 Director, Vice President; General Manager, Business Promotion Department Oct 2010 Representative Director, President; General Manager, Business Promotion Department Aug 2017 Representative Director, President; General Manager, HI Sales Headquarters Jun 2018 Representative Director, Matsusaki Home Center Co., Ltd. (current) Jun 2024 Representative Director, President; General Manager, HI Sales Headquarters; in charge of Accounting Department Jun 2025 Representative Director, President; General Manager, HI Sales Headquarters; in charge of Accounting and General Affairs Departments (current)
1953-09-26
Keiko ISHIDA
Representative Director, Vice President; General Manager, Furniture Sales Headquarters; General Manager, Furniture Merchandising Department; in charge of Sales Promotion Department
Apr 1987 Joined Fukamachi Kagu-ten Co., Ltd. Apr 1996 In charge of Furniture Merchandising Department, Fukamachi Kagu-ten Co., Ltd. May 1999 Joined the Company; in charge of Furniture Merchandising Department Feb 2000 Director Dec 2002 Managing Director; General Manager, Furniture Merchandising Department Jun 2003 Managing Director; in charge of Sales Promotion Department Jun 2007 Senior Managing Director; General Manager, Furniture Merchandising Department; in charge of Sales Promotion Department Nov 2010 Director, Vice President; General Manager, Furniture Merchandising Department; in charge of Sales Promotion Department Aug 2017 Director, Vice President; General Manager, Furniture Sales Headquarters; General Manager, Furniture Merchandising Department; in charge of Sales Promotion Department Jun 2025 Representative Director, Vice President; General Manager, Furniture Sales Headquarters; General Manager, Furniture Merchandising Department; in charge of Sales Promotion Department (current)
1963-05-23
Masamitsu TAKANO
Director, Vice President; Deputy General Manager, HI Sales Headquarters
Apr 1987 Joined Oosawa Shokai Co., Ltd. Sep 1993 Joined Fukamachi Kagu-ten Co., Ltd. Apr 1998 General Manager, Business Division, Fukamachi Kagu-ten Co., Ltd. Sep 1998 Joined the Company; General Manager, Business Division Feb 2000 Director; General Manager, Business Division Dec 2002 Managing Director; General Manager, Business Division May 2003 Managing Director; Deputy General Manager, Business Promotion Department Jun 2007 Senior Managing Director; Deputy General Manager, Business Promotion Department Nov 2010 Director, Vice President; Deputy General Manager, Business Promotion Department Aug 2017 Director, Vice President; Deputy General Manager, HI Sales Headquarters (current)
1963-11-10
Keiji FUKAMACHI
Managing Director; Assistant General Manager, HI Sales Headquarters
Oct 1991 Joined Nishi-Nippon Nafco Co., Ltd.; Director Feb 2000 Joined the Company; Director Jan 2003 Director; in charge of Business Promotion Department Apr 2005 Director; Store Manager, Nishi-Fukuoka Store Feb 2007 Director; General Manager, Business Division Apr 2011 Managing Director; General Manager, Business Division Sep 2017 Managing Director; Assistant General Manager, HI Sales Headquarters (current)
1970-06-09
Yasuyuki SUEMATSU
Director; General Manager, Furniture Business Promotion Department
Apr 1989 Joined the Company Jan 2000 Store Manager, Kawasaki Store May 2003 General Manager, Business Division Jun 2014 Director; General Manager, Business Division Aug 2017 Director; General Manager, Furniture Business Promotion Department (current)
1967-02-10
Yasuhiro YAMADA
Director; General Manager, HI Merchandising Department
Apr 1993 Joined Fukamachi Kagu-ten Co., Ltd. Jun 2000 Joined the Company; Assistant Store Manager, Tottori Store May 2002 Buyer, HI Merchandising Department Jul 2011 Deputy General Manager, HI Merchandising Department Jun 2017 Director; Deputy General Manager, HI Merchandising Department Jun 2021 Director; General Manager, HI Merchandising Department (current)
1971-03-08
Isao YAMADA
Director; Deputy General Manager, Furniture Merchandising Department
Apr 1987 Joined Fukamachi Kagu-ten Co., Ltd. Sep 1991 Buyer, HI Merchandising Department Apr 2012 Buyer, Furniture Merchandising Department Jun 2019 Director; Deputy General Manager, Furniture Merchandising Department (current)
1964-02-15
Tomoharu IMAI
Director; General Manager, Human Resources Department; in charge of Corporate Planning Department
Apr 1993 Joined Fukamachi Kagu-ten Co., Ltd. Jul 1997 Chief, Chikugo Store Jul 2005 Deputy General Manager, Corporate Planning Department Jun 2017 General Manager, Human Resources Department Jun 2019 Director; General Manager, Human Resources Department Jun 2024 Director; General Manager, Human Resources Department; in charge of Corporate Planning Department (current)
1969-07-17
Daijiro KITAGAWA
Director; Deputy General Manager and Deputy General Manager, HI Merchandising Department; in charge of Operations Department
Apr 1992 Joined Fukamachi Kagu-ten Co., Ltd. Sep 1996 Assistant Store Manager, Matsunaga Store Sep 1998 Buyer, HI Merchandising Department Aug 2020 Deputy General Manager, HI Merchandising Department Jun 2021 Director; Deputy General Manager and Deputy General Manager, HI Merchandising Department Jun 2023 Director; Deputy General Manager and Deputy General Manager, HI Merchandising Department; in charge of Operations Department (current)
1969-11-23
Kentaro MIYAMOTO
Director; General Manager, HI Business Promotion Department
Apr 1993 Joined Fukamachi Kagu-ten Co., Ltd. May 2002 Store Manager, Torias Hisayama Store Feb 2008 Store Manager, Fukuoka Airport Store Feb 2009 General Manager, Business Division Jun 2025 General Manager, HI Business Promotion Department Jun 2025 Director; General Manager, HI Business Promotion Department (current)
1968-04-03
Kazunobu TANABE
Director; General Manager, Store Development Department
Apr 1995 Joined Fukamachi Kagu-ten Co., Ltd. Aug 2001 Store Manager, Minami-Saga Store Jan 2006 Store Manager, Fukuoka Airport Store Feb 2008 General Manager, Business Division Jun 2025 General Manager, Store Development Department Jun 2025 Director; General Manager, Store Development Department (current)
1971-11-25
Tomoyo NAGANO
Director; Deputy General Manager, Furniture Merchandising Department
Apr 1999 Joined the Company Apr 2007 Buyer, Furniture Merchandising Department Jun 2025 Director; Deputy General Manager, Furniture Merchandising Department (current)
1971-07-05
Hironori ISHIYAMA
Director; Deputy General Manager, Furniture Merchandising Department
Apr 2003 Joined the Company Jan 2009 Assistant Store Manager, Kita-Izumo Store Jun 2010 Buyer, HI Merchandising Department Apr 2012 Buyer, Furniture Merchandising Department Jun 2025 Director; Deputy General Manager, Furniture Merchandising Department (current)
1980-12-14
Takaaki HIROSE
Director
Nov 1977 Joined Chuo Accounting Office (audit corporation) Mar 1982 Registered as Certified Public Accountant Sep 1983 Joined Nihon Kyodo Finance Co., Ltd. (now JAFCO Co., Ltd.) Feb 1987 Joined Ota Showa Audit Corporation (now EY ShinNihon LLC) May 2000 Appointed Representative Partner, same firm Sep 2005 Opened Hirose Certified Public Accountant Office (current) Oct 2005 Established Kitakyushu Venture Capital Co., Ltd.; Representative Director (current) Nov 2006 Outside Corporate Auditor, Nissou Pronity Co., Ltd. (current) Mar 2008 Outside Corporate Auditor, TRUCK-ONE Co., Ltd. Jun 2012 Outside Corporate Auditor, the Company Sep 2013 Outside Corporate Auditor, Plats Co., Ltd. Jun 2014 Outside Corporate Auditor, Fourseas Holdings Co., Ltd. (now Fourseas HD Co., Ltd.) Jun 2016 Director, the Company (current) Mar 2017 Outside Director (Audit and Supervisory Committee Member), TRUCK-ONE Co., Ltd. (current) Sep 2018 Outside Director (Audit and Supervisory Committee Member), Plats Co., Ltd. (current)
1951-06-15
Yoshinori FUKUDA
Director
Feb 1982 Joined Daiichi Audit Corporation (now EY ShinNihon LLC) Nov 1982 Registered as Certified Public Accountant Mar 1994 Appointed Representative Partner, same firm Jul 2006 Opened Yoshinori Fukuda Certified Public Accountant Office (current) Jun 2012 Corporate Auditor, the Company Apr 2017 Auditor, Kitakyushu City University (public university corporation) (current) Jun 2021 Director, the Company (current)
1952-11-10
Koichi KOBAYASHI
Full-time Corporate Auditor
Apr 1985 Joined Fukamachi Kagu-ten Co., Ltd. Aug 1988 Joined the Company; Chief, Nagato Store Aug 1997 Store Manager, Ibusuki Store May 2003 General Manager, Business Division, Business Promotion Department Jun 2020 Full-time Corporate Auditor, the Company (current)
1962-05-25
Susumu FUJII
Corporate Auditor
Apr 2001 Joined Mitsubishi Chemical Corporation (now Mitsubishi Chemical Group Corporation) Mar 2002 Left the same company Nov 2006 Legal Apprentice Dec 2007 Registered as Attorney-at-law (Fukuoka Bar Association) Oct 2010 Opened Fujii Law Office (current) Jun 2016 Corporate Auditor, the Company (current)
1977-08-16
Tomoya KOJIMA
Corporate Auditor
Oct 2000 Joined Chuo Aoyama Audit Corporation Apr 2004 Registered as Certified Public Accountant Aug 2007 Joined Azusa Audit Corporation Aug 2012 Joined Oku Certified Public Accountant Office Sep 2012 Registered as Certified Public Tax Accountant Jan 2015 Opened Kojima Partners Tax Corporation (current) Apr 2021 Opened Kojima Certified Public Accountant Office Jun 2021 Corporate Auditor, the Company (current) Dec 2023 Opened Kitakyushu Audit Corporation (current)
1975-11-04
Large Shareholding Reports
Shinsho Kosan Co., Ltd.
2026-05-13
26.05%→26.05%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 31.57%
Shinsho Kosan Co., Ltd.
2026-05-12
26.05%→26.05%
Annual report (as of 2026-03-31): 31.57%
Symphony Financial Partners (Singapore) Pte. Ltd.
2025-10-22
7.32%→8.31%
Symphony Financial Partners (Singapore) Pte. Ltd.
2025-03-24
6.28%→7.32%
Symphony Financial Partners (Singapore) Pte.Ltd.
2024-06-21
5.22%→6.28%
Symphony Financial Partners (Singapore) Pte.Ltd.
2024-05-22
5.22%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-05-13
Change Report
EDINET
2026-05-12
Large Shareholding Report
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-22
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-03-24
Large Shareholding Report
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-06-21
Large Shareholding Report
EDINET
2024-05-22
Large Shareholding Report
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
2023-06-27
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-05
Quarterly Securities Report
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