Overview
Services

KANAME KOGYO CO.,LTD.

Kaname Kogyo is a comprehensive waste management company focused on the collection, transportation, disposal, and recycling of both industrial and municipal waste primarily within Tokyo's 23 wards. The company operates eight proprietary recycling centers and a fleet of 475 vehicles driven by approximately 420 drivers, handling virtually all categories of waste generated by businesses including combustibles, cardboard, glass, cans, PET bottles, and bulky items. Its competitive strengths include an integrated one-stop service model, proprietary route optimization and electronic manifest systems, and a compliance-first approach that underpins long-term contracts with corporate clients and government authorities.

Market Cap
¥19.7B
US$126M
EV
¥13.1B
US$83.7M
Stock¥1,244▲+1.14%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
4.6
x
LTM EV/EBIT
6.0
x
LTM PER
12.2
x
LTM PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-37.5%pt
1001
Oct 23, 25 – Oct 23, 26StockTOPIX
1Nov 7, 25Symphony Financial Partners (Singapore) Pte. Ltd. changed stake (27.62%→0.78%)
MC → EV Bridge
19.7BUS$126MMarket Cap1.47BUS$9.38M+ Debt6.87BUS$43.8M− Cash1.20BUS$7.66M− Inv. Sec.13.1BUS$83.7MEV
AI Briefing
Tokyo waste management incumbent: 8,100+ contracted sites across the 23 wards, integrated collection/recycling/disposal model since 1972. FY26/3 revenue ¥14.9B with steady OP margin ~14.1%, continuing multi-year growth off FY23/3's ¥13.0B base. Top shareholder Daiei Kankyo holds 27.81% alongside founder-family stakes — a concentrated ownership base in a stable, compliance-driven municipal/corporate contract business.
Performance & Balance
Revenue 5Y (¥B)
11.9US$76.0M'22/313.0US$83.0M'23/313.5US$86.0M'24/314.5US$92.4M'25/314.9US$95.2M'26/3
EBITDA 5Y (¥B)
1.83US$11.7M'22/32.28US$14.5M'23/32.31US$14.7M'24/32.80US$17.8M'25/32.82US$17.9M'26/3
Net Income 5Y (¥B)
0.87US$5.56M'22/31.26US$8.02M'23/31.29US$8.18M'24/31.51US$9.63M'25/31.58US$10.1M'26/3
Capital Structure
93%
EquityD/E 0.07xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
5.48US$34.9M1.84US$11.7M'22/36.28US$40.0M1.52US$9.65M'23/36.80US$43.3M1.46US$9.29M'24/36.64US$42.3M0.98US$6.23M'25/37.99US$50.8M1.32US$8.38M'26/3
Shareholders
Top 10 hold 70.2%
1
Daiei Kankyo Co.,Ltd.
27.81%
2
Shuzo FUJII
15.75%
3
Nippon Life Insurance Company
5.35%
4
Daisei Building Management Co., Ltd.
4.72%
5
Daisei Building Maintenance Co., Ltd.
4.72%
6
KANAME KOGYO CO.,LTD. Employee Stock Ownership Association
4.49%
7
Yukiya FUJII
2.20%
8
MUFG Bank, Ltd.
1.89%
9
Kenji SAKAHARA
1.82%
10
GOLDMAN SACHS INTERNATIONAL (Standing Proxy: Goldman Sachs Japan Co., Ltd.)
1.40%
Management
12 officers
Shuzo FUJII
Representative Director, Chairman
Apr 1963 Joined Nihon Kangyo Kakumaru Securities Co., Ltd. (now Mizuho Securities Co., Ltd.) Jan 1965 Joined Fuji Kiko Co., Ltd. Aug 1966 Enlisted in the Japan Ground Self-Defense Force Jun 1972 Founded Fujii Shoten (transportation and paper raw materials trading) Apr 1973 Established the Company; Representative Director, President Apr 2020 Representative Director, Chairman of the Company (current)
1944-12-08
Norihiko MURAKI
Representative Director, President
Apr 1986 Joined Fuji Bank, Ltd. (now Mizuho Bank, Ltd.) Nov 2010 Branch Manager, Hanno Branch, Mizuho Bank, Ltd. Jul 2015 Joined the Company; General Manager, General Affairs Department Jun 2017 Director, General Manager, General Affairs Department Jun 2024 Managing Director, General Manager, General Affairs Department Jun 2026 Representative Director, President of the Company (scheduled)
1962-05-05
Yoshitada MATSUURA
Managing Director
Apr 1971 Joined Toray Industries, Inc., Okazaki Plant Aug 1975 Joined Kanazawa Shoten Co., Ltd. (now Maruka Kanazawa Shoten Co., Ltd.) Sep 1982 Joined Chinese restaurant Tōken Jun 1984 Joined Maruhachi Mawata Co., Ltd. Jul 1986 Joined the Company Jun 1998 Director, General Manager, Operations Department Jul 2016 Director, General Manager, Operations Department and General Manager, Administration Department Jun 2019 Managing Director, General Manager, Operations Department and General Manager, Administration Department Jul 2021 Managing Director, General Manager, Administration Department Jun 2023 Managing Director of the Company (current)
1955-04-27
Masahiro ANDO
Director, General Manager, Systems Administration Department
Apr 1981 Joined Tokiwa Mutual Bank, Ltd. (now The Higashi-Nippon Bank, Limited) Apr 1994 Joined the Company Jun 2014 Director, General Manager, Systems Administration Department (current)
1959-02-13
Tetsuji KINOSHITA
Director, General Manager, Administration Department
Apr 1988 Joined Takei Kogyo Co., Ltd. Dec 1994 Joined Daisuzu Real Estate Co., Ltd. Sep 2000 Joined Daiki Angel Help Co., Ltd. Apr 2002 Joined the Company Jul 2017 Deputy General Manager, Administration Department Jun 2023 Director, General Manager, Administration Department (current)
1967-06-15
Kunihiko FUJII
Director, General Manager, Management Planning Office
Apr 1995 Joined Takara Futures Co., Ltd. Oct 1999 Joined Biltec Co., Ltd. Jul 2012 Joined the Company Jul 2016 Deputy General Manager, Management Planning Office Jun 2025 Director, General Manager, Management Planning Office (current)
1971-07-08
Takuya OKADA
Managing Director
Apr 1989 Joined Nippon Life Insurance Company Mar 2013 Deputy Branch Manager, Himeji Branch, Nippon Life Insurance Company Mar 2015 Branch Manager, Kurashiki Branch, Nippon Life Insurance Company Apr 2017 Joined the Company on secondment; General Manager, Internal Audit Office Apr 2020 Joined the Company; General Manager, Internal Audit Office Jun 2020 Managing Director, General Manager, Management Planning Office Jun 2025 Managing Director of the Company (current)
1965-07-01
Yoichiro TSUBAKI
Outside Director
Mar 1980 Joined Santoku Co., Ltd. Mar 1992 General Manager, Restaurant Business Division, Santoku Co., Ltd. Jan 2002 General Manager, Finance Division and General Manager, Restaurant Business Division, Santoku Co., Ltd. Feb 2003 General Manager, Finance Systems Division and General Manager, Restaurant Business Division, Santoku Co., Ltd. Jun 2004 Director, General Manager, Finance Systems Division and General Manager, Restaurant Business Division, Santoku Co., Ltd. Mar 2007 Managing Director, General Manager, Administration Division and General Manager, Restaurant Business Division, Santoku Co., Ltd. Mar 2011 Senior Managing Director, General Manager, Administration Division and General Manager, Restaurant Business Division, Santoku Co., Ltd. Mar 2021 Advisor (General Affairs, Legal and Finance), Santoku Co., Ltd. Jun 2023 Outside Director of the Company (current)
1957-01-24
Hiroshi KUMAKI
Outside Director
Oct 1983 Established Kumaki Limited Company; Representative Director Feb 1991 Joined Tokyo Clear Center Co., Ltd. Aug 1995 Representative Director, President, Tokyo Clear Center Co., Ltd. (current) Apr 2004 Established Alfo Co., Ltd.; Representative Director, President (current) Jun 2023 Outside Director of the Company (current)
1963-05-10
Makoto KUROSAKI
Standing Corporate Auditor
Apr 1984 Joined The Mitsubishi Bank, Ltd. (now MUFG Bank, Ltd.) Oct 2003 Branch Manager, Yokohama Branch, MUFG Bank, Ltd. Jun 2005 Deputy General Manager, Retail Sales Department, MUFG Bank, Ltd. Feb 2007 Branch Manager, Ogikubo Branch, MUFG Bank, Ltd. May 2009 Branch Manager, Kamakura Branch, MUFG Bank, Ltd. Oct 2010 Branch Manager, Machida Branch, MUFG Bank, Ltd. Jan 2013 General Manager, Marketing Planning Department, Mitsubishi UFJ NICOS Co., Ltd. Jun 2013 Executive Officer, General Manager, Marketing Planning Department, Mitsubishi UFJ NICOS Co., Ltd. Jun 2017 Standing Corporate Auditor, Mitsubishi UFJ Capital Co., Ltd. Jun 2021 Standing Corporate Auditor of the Company (current)
1960-11-22
Koji MURATANI
Corporate Auditor
Oct 2001 Registered as attorney-at-law with the Second Tokyo Bar Association Oct 2001 Joined Endo & Manba Law Office (now Fairness Law Office) (current) Jun 2016 Corporate Auditor of the Company (current)
1973-11-04
Masami IMAI
Corporate Auditor
Apr 1982 Joined Tokyo Metropolitan Government Dec 2006 Head, Meguro Ward Sanitation Office Apr 2011 Section Manager, General Waste Measures Division, Waste Management Department, Tokyo Metropolitan Government Bureau of Environment Apr 2014 Section Manager, Planning and Promotion Section, Construction Department, Tokyo 23 Wards Cleaning Partial Administrative Union Apr 2016 Section Manager, Facilities Management Section, Facilities Management Department, Tokyo 23 Wards Cleaning Partial Administrative Union Apr 2018 Registered as Certified Social Insurance and Labor Consultant; opened Imai Masami Office (current) Sep 2018 Registered as Administrative Scrivener Jun 2021 Corporate Auditor of the Company (current)
1960-01-14
Large Shareholding Reports
Daisei Building Management Co., Ltd.
2026-09-30
9.87%→9.87%
Annual report (as of 2026-03-31): 4.72%
Daisei Building Maintenance Co., Ltd.
2026-09-15
4.93%
Annual report (as of 2026-03-31): 4.72%
Daiei Kankyo Co., Ltd.
2025-11-21
27.62%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 27.81%
Symphony Financial Partners (Singapore) Pte. Ltd.
2025-11-07
27.62%→0.78%
Daiei Kankyo Co., Ltd.
2025-10-31
27.62%
Annual report (as of 2026-03-31): 27.81%
Symphony Financial Partners (Singapore) Pte. Ltd.
2025-10-17
27.09%→27.62%
Symphony Financial Partners (Singapore) Pte. Ltd.
2024-12-26
26.00%→27.09%
Symphony Financial Partners (Singapore) Pte. Ltd.
2024-11-18
24.98%→26.00%
Symphony Financial Partners (Singapore) Pte. Ltd.
2024-10-04
23.97%→24.98%
Symphony Financial Partners (Singapore) Pte. Ltd.
2023-11-22
22.92%→23.97%
Symphony Financial Partners (Singapore) Pte. Ltd.
2022-03-01
21.90%→22.92%
Symphony Financial Partners (Singapore) Pte. Ltd.
2021-09-22
20.85%→21.90%
Disclosures
No disclosures
Primary Source Filings
EDINETAmended
2026-09-30
Change Report
EDINET
2026-09-15
Large Shareholding Report
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-22
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-11-21
Change Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Sep 2025
EDINET
2025-11-07
Large Shareholding Report
EDINET
2025-10-31
Large Shareholding Report
EDINET
2025-10-17
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-12-26
Large Shareholding Report
EDINET
2024-11-18
Large Shareholding Report
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2024-10-04
Large Shareholding Report
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-22
Large Shareholding Report
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINETAmended
2022-12-15
Amended Annual Securities Report
EDINETAmended
2022-12-15
Amended Annual Securities Report
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-27
Annual Securities Report
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