beluuga.ai

Overview

Wholesale Trade

KITAZAWA SANGYO CO.,LTD.

Kitazawa Sangyo is a leading distributor of commercial kitchen equipment and furniture in Japan, offering sales, repair, and maintenance services for professional foodservice operators. Through its manufacturing subsidiaries, Ace Kogyo Co., Ltd. and Sunbake Co., Ltd., the group also produces commercial kitchen machinery and confectionery/bakery equipment. The company distributes products from global partners including Germany's Palux, USA's Hobart, and Germany's Küppersbusch, with a nationwide network of 15 branch offices and 30 sales offices.

Market Cap

US$44.4M

¥7.08B

US$15.4M

¥2.46B

StockUS$2.39(¥381)▼-2.06%

US$1 = ¥159.70 (2026-11-12)

LTM EV/EBITDA

4.1

LTM EV/EBIT

11.7

LTM PER

17.4

LTM PBR

0.6

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-11.9%pt

Nov 13, 25 – Nov 13, 26StockTOPIX

1Aug 12, 26Q1 FY2027/03 earnings announced

MC → EV Bridge

AI Briefing

Kitazawa Sangyo distributes and services commercial kitchen equipment nationwide (15 branches, 30 offices), with in-house manufacturing via Ace Kogyo and Sunbake plus exclusive ties to Hobart, Palux and Küppersbusch. FY26/3 revenue US$87.7M (¥14.0B) with operating margin compressed to 1.9%, down from 6.0% in FY24/3, as sales and profitability have steadily eroded over four years. Ownership is fragmented among an employee shareholding group, competitor Tenpos Holdings, two UHPartners investment funds and equipment peer Galilei, pointing to a contested shareholder base around a company with net cash exceeding its market cap.

Open KITAZAWA SANGYO CO., LTD. in the demo →Comps, DCF and WACC for this company. Free, no time limit.

Performance & Balance

Revenue 5Y (US$)

EBITDA 5Y (US$)

Net Income 5Y (US$)

Capital Structure

85%

EquityD/E 0.18xDebt

Liquidity vs Debt 5Y (US$)▲ Net Cash

CashInv. Sec.Debt

Business Segments

2026/03 · US$ (¥B)

Commercial kitchen equipment

Revenue

US$85.8M(¥13.7B)

Segment profit

US$7.00M(¥1.12B)8.2%

Leasing

Revenue

US$2.14M(¥0.34B)

Segment profit

US$1.19M(¥0.19B)55.5%

Adjustments

Revenue

-US$0.05M(¥-0.01B)

Segment profit

-US$6.52M(¥-1.04B)

No segment changes in the last 5 years

Shareholders

Top 10 hold 53.6%

as of 2026-03-31 · Source: Annual Securities Report

KITAZAWA SANGYO CO.,LTD. Stock Ownership Association

8.38%

TENPOS HOLDINGS Co.,Ltd.

7.79%

UHPartners 2 Investment Limited Partnership

7.51%

UHPartners 3 Investment Limited Partnership

6.14%

GALILEI CO.LTD.

5.80%

The Hokuriku Bank, Ltd.

4.95%

Hikari Tsushin KK Investment Limited Partnership

4.94%

KITAZAWA SANGYO CO.,LTD. Employee Stock Ownership Association

4.24%

INTELLEX Co.,Ltd.

1.99%

Phillip Securities Japan, Ltd.

1.89%

Management

12 officers

Masaki KITAGAWA

Representative Director, President

Apr 1981 Joined the Company Apr 2005 Purchasing Department Manager Apr 2007 Kyushu Block Manager Oct 2008 Purchasing Department Manager and Overseas Department Manager Jun 2011 Executive Officer, Purchasing Department Manager and Overseas Department Manager Jun 2014 Director, East Japan Sales Division Manager Apr 2016 Director, Purchasing Department Manager Apr 2019 Representative Director, President (current)

1958-01-03

Hiroshi ISHIZUKA

Managing Director, General Manager of Administration Division

Apr 1977 Joined Hokuriku Bank, Ltd. Jun 2005 Senior Manager, Management Planning Department, Hokuriku Bank, Ltd. Jul 2005 Accounting Department Manager, Administration Division, the Company (seconded in) Jun 2006 Joined the Company, Director, Accounting Department Manager, Administration Division Dec 2009 Director, General Manager of Administration Division Jun 2022 Managing Director, General Manager of Administration Division (current)

1954-03-01

Eiki KOYAMA

Director, in charge of Automatic Equipment; Representative Director, President, Ace Kogyo Co., Ltd.

Apr 1979 Joined the Company Sep 1995 Sapporo Branch Manager Jul 1996 Hokkaido Block Manager Apr 2004 Executive Officer, Hokkaido Block Manager Apr 2011 Executive Officer, General Manager of Sales Strategy Division, Manager of Coffee Machine Sales Promotion Department, Head of Kitchen Consultant Office Jun 2011 Director, General Manager of Sales Strategy Division, Manager of Coffee Machine Sales Promotion Department, Head of Kitchen Consultant Office Apr 2013 Director, General Manager of Sales Strategy Division, Head of Kitchen Consultant Office Apr 2019 Director, Purchasing Department Manager Jun 2019 Director, Purchasing Department Manager and Overseas Department Manager Apr 2021 Director, in charge of Automatic Equipment; Representative Director, President, Ace Kogyo Co., Ltd. (current)

1957-01-02

Hironori KANDA

Director, General Manager of Sales Strategy Division, Head of Kitchen Consultant Office, in charge of Kinki, Chugoku and Shikoku Blocks

Apr 1985 Joined the Company Jul 2001 Third Sales Department Manager, Sales Division Oct 2007 Matsumoto Branch Manager Apr 2010 Osaka Branch Manager and Kobe Satellite Office Manager Jun 2014 Director, West Japan Sales Division Manager Apr 2016 Director, in charge of Tohoku and Kanto Blocks Apr 2019 Director, General Manager of Sales Strategy Division, Head of Kitchen Consultant Office Apr 2021 Director, General Manager of Sales Strategy Division, Head of Kitchen Consultant Office, in charge of Kanto Block Apr 2023 Director, General Manager of Sales Strategy Division, Head of Kitchen Consultant Office, in charge of Kinki, Chugoku and Shikoku Blocks (current)

1960-04-11

Yoshitoyo KODA

Director, General Manager of Head Office Sales Division and Maintenance Department

Apr 1987 Joined the Company Apr 2003 Mito Branch Manager Oct 2007 Third Sales Department Manager, Sales Division Apr 2015 First Sales Department Manager, Sales Division Jan 2019 Executive Officer, First Sales Department Manager and Second Sales Department Manager, Sales Division Apr 2020 Executive Officer, General Manager of Head Office Sales Division Aug 2021 Executive Officer, General Manager of Head Office Sales Division, Manager of Automatic Equipment Sales Promotion Group Jun 2022 Director, General Manager of Head Office Sales Division Oct 2024 Director, General Manager of Head Office Sales Division and Maintenance Department Manager (current)

1963-08-20

Hideki HASEGAWA

Director, General Affairs Department Manager, Administration Division

Apr 1989 Joined the Company Apr 2005 Deputy General Affairs Department Manager, Administration Division Apr 2016 General Affairs Department Manager, Administration Division Jun 2022 Director, General Affairs Department Manager, Administration Division (current)

1969-02-11

Masato YAMADA

Director

Apr 1978 Joined Hokuriku Bank, Ltd. Jul 2009 Executive Officer, Sales Department Manager, Sales Division, Matsui Construction Co., Ltd. Jun 2010 Director, Executive Officer, Corporate Planning Department Manager, Matsui Construction Co., Ltd. Apr 2018 Director, Managing Executive Officer, General Manager of Management Division, Matsui Construction Co., Ltd. Apr 2020 Managing Executive Officer, in charge of Management Division, Matsui Construction Co., Ltd. Jun 2020 Director of the Company (current) Jun 2021 Representative Director, President, Tokyo Toyama Kaikan Co., Ltd.

1956-03-25

Izumi TAKAGI

Director

Nov 1996 Passed the National Bar Examination Apr 1999 Registered as attorney with the Daiichi Tokyo Bar Association Jun 2004 Joined Hiroshi Law Office (now Hori Sogo Law Office) Jun 2007 Outside Audit & Supervisory Board Member, Prestige International Inc. Feb 2017 Registered as Certified Fraud Examiner (CFE) Jun 2019 Certified as Personal Information Protection Auditor Nov 2019 Registered as Financial Internal Auditor Jun 2021 Director, Japan Rugby Football Union (public interest incorporated foundation) Mar 2022 Outside Audit & Supervisory Board Member, Speakbuddy Inc. (current) Jun 2023 Outside Director, Prestige International Inc. (current) Jun 2023 Director of the Company (current) Jun 2025 Outside Audit & Supervisory Board Member, Benefit One Inc. (current)

1975-03-29

Yasuo SHIOZAKI

Full-time Corporate Auditor

Apr 1977 Joined Jusco Co., Ltd. (now AEON Co., Ltd.) Aug 1995 Transferred to AEON Mall Co., Ltd. (formerly AEON Kosan Co., Ltd.) Mar 1996 Accounting Department Manager, AEON Mall Co., Ltd. Aug 2012 Transferred to AEON REIT Management Co., Ltd. Oct 2012 Director, Asset Management Department Manager, AEON REIT Management Co., Ltd. May 2014 Managing Director, Asset Management Department Manager, AEON REIT Management Co., Ltd. May 2016 Representative Director, President, AEON REIT Management Co., Ltd. Oct 2019 Advisor to the Company Jun 2023 Corporate Auditor of the Company (current)

1953-07-12

Masayuki AOBUCHI

Director

Apr 1996 Assistant Professor, Department of Business Administration, Shinshu Junior College Apr 1997 Full-time Lecturer, Department of Business Administration, Shinshu Junior College Sep 2003 Associate Professor, Faculty of Information and Culture, Niigata University of International and Information Studies May 2012 Associate Professor, Faculty of Business Administration and Graduate School of Business Design, Rikkyo University May 2015 Outside Director, Nihon Shataku Service Co., Ltd. (now Sun Next Group Co., Ltd.) May 2017 Councilor, Kaneko International Cultural Exchange Foundation (public interest incorporated foundation) (current) Apr 2021 Professor, Faculty of Business Administration and Graduate School of Business Design, Rikkyo University (current) Apr 2021 Part-time Lecturer, Graduate School of Business Administration, Meiji University (current) Aug 2021 Standing Director, Society for Management and Behavioral Research (current) Apr 2025 Visiting Professor, Graduate School of Business Administration, Bunkyo Gakuin University (current) Jun 2025 President, Society for Crisis Management Systems (current) Jun 2026 Director of the Company (scheduled)

1966-12-26

Harutaka INOUE

Corporate Auditor

Sep 1978 Joined Tatsumi Law Research Institute Jul 1982 Left Tatsumi Law Research Institute Apr 1985 Registered as attorney with the Tokyo Bar Association; joined Asami Tomoji Law Office Apr 1988 Opened Inoue Harutaka Law Office Jun 2007 Corporate Auditor of the Company (current) Jul 2018 Renamed Inoue Sakurai Law Office (current) Jul 2020 Director, VIA Holdings, Inc.

1952-04-07

Zenichiro NAYA

Corporate Auditor

Apr 1998 Registered as attorney; joined Funabe Okudaira Law Office Jan 2010 Partner, Funabe Okudaira Law Office Feb 2010 Renamed Akitsu Sogo Law Office (current) Jun 2014 Corporate Auditor of the Company (current) Apr 2015 Vice President, Daiichi Tokyo Bar Association Apr 2024 Executive Director, Japan Federation of Bar Associations

1969-01-20

Large Shareholding Reports

Kitazawa Shareholding Association (Chairman: Hajime SUGIYAMA)

2025-11-20

8.15%→6.95%

Kitazawa Shareholding Association (Chairman: Hajime SUGIYAMA)

2025-11-14

8.15%→6.95%

UH Partners 2 Co., Ltd.

2025-09-26

5.86%→5.86%

Kitazawa Shareholding Association (Chairman: Hajime SUGIYAMA)

2025-08-27

7.14%→8.15%

Disclosures

No disclosures

Primary Source Filings

EDINET

2026-11-13

Semi-Annual Securities Report

Period: Apr 2026 – Sep 2026

KITAZAWA SANGYO CO.,LTD.

Try the full product

KITAZAWA SANGYO CO.,LTD.

Try the full product

More Japanese companies in Wholesale Trade