Overview
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JSH Co.,Ltd.

Joetsu Steel Sales Co., Ltd. is an authorized dealer of Inaba outdoor storage units and garages, with over 40 years of sales and installation experience since its founding in 1979, selling more than 700 units annually primarily in Niigata, Nagano, and Toyama prefectures, with manufacturer direct delivery available to the Kanto region. The company also supplies office furniture, multifunction copiers (MFPs), fireproof safes, and OA office supplies to individual and corporate customers in the Joetsu area of Niigata Prefecture. Its competitive strengths include a certified first-class architect on staff, a hands-on showroom for product experience, and broad geographic coverage across multiple prefectures.

Market Cap
¥3.48B
US$22.2M
EV
¥3.88B
US$24.8M
Stock¥614▼-12.66%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
15.2
x
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
1.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+24.2%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 14, 26FY2026 sales forecast raised: ¥1.70bn→¥1.83bn (AI Solutions segment strong)
MC → EV Bridge
3.48BUS$22.2MMarket Cap1.29BUS$8.24M+ Debt0.89BUS$5.69M− Cash0.00BUS$0.01M− Inv. Sec.0.00BUS$0.03M+ NCI3.88BUS$24.8MEV
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Performance & Balance
Revenue 5Y (¥B)
2.33US$14.9M'22/32.97US$18.9M'23/33.48US$22.2M'24/33.97US$25.3M'25/34.74US$30.2M'26/3
EBITDA 5Y (¥B)
0.22US$1.42M'24/30.33US$2.07M'25/30.13US$0.83M'26/3
Net Income 5Y (¥B)
0.06US$0.39M'22/30.19US$1.20M'23/30.15US$0.92M'24/30.14US$0.92M'25/3-0.12-US$0.77M'26/3
Capital Structure
61%
39%
EquityD/E 0.65xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
'22/30.00US$0.01M'23/31.20US$7.64M'24/30.81US$5.18M0.47US$3.00M'25/30.89US$5.65M1.34US$8.52M'26/3
Shareholders
Top 10 hold 71.7%
1
Kazuki NOGUCHI
34.87%
2
JAFCO SV5 Co-Investment Limited Partnership
17.28%
3
JAFCO SV5 Star Investment Limited Partnership
4.27%
4
Tokyo Century Corporation
3.17%
5
Hajime Company Co., Ltd.
3.00%
6
Yutaka HAYAMI
1.95%
7
Ariake Secondary Fund III LP Bergen Jon (Standing Proxy: Aizawa Asset Management Co., Ltd.)
1.88%
8
Hotel Alpha-One Business Headquarters Co., Ltd.
1.76%
9
Hotel Alpha-One Business Cooperative
1.76%
10
Hotel Alpha-One Development Co., Ltd.
1.76%
Management
12 officers
Kazuki NOGUCHI
Representative Director, Chairman and President
Apr 1983 Joined Kawasakikai Mizuma Hospital (Medical Corporation) Jul 1988 Joined National Hospital Organization Yamato Psychiatric Medical Center Jul 1989 Joined Watanabe Hospital (Medical Corporation) May 1990 Joined Senan Chuo Hospital Dec 1991 Joined Osaka Prefectural Psychiatric Medical Center Feb 2003 Established N-Field Co., Ltd.; assumed office as Representative Director, President Apr 2016 Established the Company; assumed office as Representative Director, President Sep 2017 Assumed office as Representative Director, Chairman Apr 2018 Assumed office as Representative Director, Chairman and President May 2019 Assumed office as Representative Director, Chairman Nov 2019 Assumed office as Representative Director, Chairman and President (current)
1964-11-24
Shinji ICHIKAWA
Director, General Manager of Management Administration Division
Jul 2010 Joined N-Field Co., Ltd. Nov 2017 Joined Trace Enterprise Co., Ltd.; assumed office as Managing Executive Officer May 2019 Assumed office as Representative Director, President of the same company Nov 2019 Joined the Company; assumed office as Executive Officer Oct 2021 Assumed office as Director Apr 2022 Assumed office as Vice President and Director Apr 2023 Assumed office as Director, General Manager of Regional Revitalization Business Joint Division Jun 2025 Assumed office as Director, General Manager of Management Administration Group Division Apr 2026 Assumed office as Director, General Manager of Management Administration Division (current)
1979-09-28
Seiichi KAMATA
Director, General Manager of East Japan Home Healthcare Business Division
Mar 1993 Joined Jinseikai Ohotsu Hospital (Medical Corporation) Jun 2000 Joined Yushinkai Kushiro Yushin Hospital (Medical Corporation) Apr 2004 Joined Hokujinkai Asahiyama Hospital (Specified Medical Corporation) Sep 2009 Joined N-Field Co., Ltd. May 2016 Joined Seijinkai Hospital (Medical Corporation) Jun 2017 Established Japan Home Healthcare Co., Ltd.; assumed office as Representative Director, President Aug 2018 Joined the Company; assumed office as Director Oct 2018 Joined Japan Support Co., Ltd.; assumed office as Representative Director, President Apr 2019 Assumed office as Senior Managing Director of the Company May 2019 Assumed office as Representative Director, Senior Managing Director of the Company Nov 2019 Assumed office as Director, General Manager of Business Division Jul 2020 Assumed office as Director, General Manager of Group Division Apr 2021 Assumed office as Director Oct 2021 Assumed office as Director, General Manager of Business Division Apr 2022 Assumed office as Vice President and Director Apr 2023 Assumed office as Director, General Manager of Home Healthcare Business Division Jun 2025 Assumed office as Director, General Manager of Business Division Group Division Apr 2026 Assumed office as Director, General Manager of East Japan Home Healthcare Business Division (current)
1970-09-29
Heiwa YAMADA
Director, General Manager of Regional Revitalization Business Division
Apr 1986 Joined Nomura Securities Co., Ltd. Mar 2017 Joined Rating and Investment Information, Inc. Apr 2019 Joined the Company; assumed office as Director Apr 2019 Joined Japan Support Co., Ltd.; assumed office as Director May 2019 Assumed office as Representative Director, President of the Company Nov 2019 Assumed office as Director of the Company Apr 2023 Assumed office as Director, General Manager of Regional Revitalization Business Joint Division Apr 2025 Assumed office as Director; in charge of Marketing Department Apr 2026 Assumed office as Director, General Manager of Regional Revitalization Business Division (current)
1962-06-01
Mitsunaga KITAMURA
Director, General Manager of East Japan Home Healthcare Business Division
Apr 2000 Joined Yodogawa Christian Hospital Jan 2001 Joined Yoshinkai Kokubu Hospital (Medical Corporation) Feb 2005 Joined Matsuromaso Hospital, National Hospital Organization Feb 2013 Joined N-Field Co., Ltd. May 2016 Joined Seijinkai Hospital (Medical Corporation) Jun 2017 Established Japan Home Healthcare Co., Ltd.; assumed office as Managing Director Oct 2018 Assumed office as Representative Director, President of the same company Nov 2019 Joined the Company; assumed office as Director Jun 2025 Assumed office as Director; in charge of Home Healthcare Business Apr 2026 Assumed office as Director, General Manager of West Japan Home Healthcare Business Division (current)
1975-12-02
Nozomu HAMANISHI
Director
Apr 2009 Joined Nomura Securities Co., Ltd. Aug 2014 Joined UBS AG (Japan) Apr 2016 Joined the Company; assumed office as Senior Managing Director Dec 2017 Joined Japan Support Co., Ltd. Apr 2019 Assumed office as Representative Director of the same company Nov 2019 Joined the Company Jul 2020 Assumed office as Director Apr 2021 Assumed office as Director, General Manager of Management Administration Division Apr 2022 Assumed office as Director Jun 2025 Assumed office as Director; in charge of Corporate Planning (current)
1984-08-17
Shotaro YANO
Director, General Manager of Sales Division
Apr 2006 Joined JTB West Japan Corporation (now JTB Corp.) Jul 2018 Joined Trace Enterprise Co., Ltd.; assumed office as Representative Director Oct 2018 Assumed office as Director of the same company Apr 2019 Assumed office as Director, Head of Tourism Development Office of the same company Apr 2019 Assumed office as Representative Director of the same company Nov 2019 Joined the Company Apr 2021 Assumed office as General Manager of Sales Department Oct 2021 Assumed office as Executive Officer Jun 2025 Assumed office as Director; in charge of Sales Apr 2026 Assumed office as Director, General Manager of Sales Division (current)
1983-09-09
Kazuyoshi TSUDA
Director
Oct 1990 Joined Ohta Showa Audit Corporation (now EY ShinNihon LLC) Oct 1998 Joined Inada Shokai Co., Ltd.; assumed office as Director Oct 2000 Joined Tohmatsu & Co. (now Deloitte Touche Tohmatsu LLC) Aug 2003 Joined M.M.T. Co., Ltd.; assumed office as Director Mar 2008 Opened Kazuyoshi Tsuda Certified Public Accountant and Tax Accountant Office; assumed office as Representative (current) Mar 2008 Established Brain Trust Co., Ltd.; assumed office as Representative Director (current) Aug 2008 Assumed office as Outside Audit & Supervisory Board Member of Hirose Tsusho Co., Ltd. Feb 2012 Assumed office as Auditor of Osaka Prefectural Mutual Aid Consumers' Cooperative Nov 2013 Assumed office as Outside Audit & Supervisory Board Member of Nakagawa Masashichi Shoten Co., Ltd. Mar 2015 Assumed office as Outside Audit & Supervisory Board Member of Silver Egg Technology Co., Ltd. Apr 2016 Assumed office as Outside Director of the Company (current) Apr 2016 Assumed office as Outside Director of Nakagawa Masashichi Shoten Co., Ltd. Jun 2016 Assumed office as Outside Director (Audit and Supervisory Committee Member) of Hirose Tsusho Co., Ltd. (current) Jun 2018 Assumed office as Outside Audit & Supervisory Board Member of Genomics Co., Ltd. (now StemRIM Inc.) Jun 2021 Assumed office as Outside Audit & Supervisory Board Member of Nakayama Steel Works, Ltd. Jun 2022 Assumed office as Outside Director (Audit and Supervisory Committee Member) of Nakayama Steel Works, Ltd. (current) Jun 2022 Assumed office as Outside Director of Osaka Mazda Sales Co., Ltd. (current) Jan 2025 Assumed office as Outside Director of Showtime 24 Co., Ltd. (current)
1966-01-13
Kotomi EJIRI
Director
Apr 1997 Joined Sumitomo Marine & Fire Insurance Co., Ltd. (now Mitsui Sumitomo Insurance Co., Ltd.) Dec 2008 Registered with the Daiichi Tokyo Bar Association Jan 2009 Joined Keiwa Sogo Law Office Jul 2020 Assumed office as Partner of the same office (current) Jan 2021 Assumed office as Outside Audit & Supervisory Board Member of Linkers Co., Ltd. (current) Jun 2022 Assumed office as Outside Audit & Supervisory Board Member of Meiko Co., Ltd. (current) Jun 2023 Assumed office as Outside Director of the Company (current)
1974-08-12
Koji KITANO
Full-time Audit & Supervisory Board Member
Apr 1981 Joined National Housing Materials Co., Ltd. (now Panasonic Homes Co., Ltd.) May 1996 Assumed office as Part-time Audit & Supervisory Board Member of Panahome Tama Co., Ltd. (now Panasonic Homes Tama Co., Ltd.) Aug 2002 Assumed office as Part-time Audit & Supervisory Board Member of Panahome Kita-Kanto Co., Ltd. (now Panasonic Homes Kita-Kanto Co., Ltd.) Aug 2002 Assumed office as Part-time Audit & Supervisory Board Member of Natex Co., Ltd. Oct 2019 Assumed office as Full-time Outside Audit & Supervisory Board Member of the Company (current)
1958-08-06
Masahiro NAKATSUKASA
Audit & Supervisory Board Member
Apr 1994 Joined Chuo Sogo Law Office (now Chuo Sogo Law Office, P.C.) Aug 2005 Joined Kirkland & Ellis LLP (U.S.) Jun 2006 Assumed office as Audit & Supervisory Board Member of Asaka Industrial Co., Ltd. Oct 2008 Assumed office as Part-time Lecturer, Kyoto University Law School Jun 2010 Assumed office as Member of Kaizuka City Fairness Committee Apr 2013 Assumed office as Standing Councilor, Osaka Bar Association Apr 2015 Assumed office as Vice President, Osaka Bar Association Jun 2015 Assumed office as Audit & Supervisory Board Member of Nippon Dentsu Co., Ltd. Jun 2016 Assumed office as Outside Director (Audit and Supervisory Committee Member) of Nippon Dentsu Co., Ltd. Jun 2016 Assumed office as Outside Director (Audit and Supervisory Committee Member) of Asaka Industrial Co., Ltd. (current) Jun 2016 Assumed office as Outside Director (Audit and Supervisory Committee Member) of Arakawa Chemical Industries, Ltd. (current) Jun 2016 Assumed office as Outside Director of Nakayama Steel Works, Ltd. (current) Jul 2018 Assumed office as Outside Audit & Supervisory Board Member of the Company (current) Jun 2022 Assumed office as Outside Director of Osaka Mazda Sales Co., Ltd. (current)
1965-01-19
Go ODAGIRI
Audit & Supervisory Board Member
Sep 2007 Registered with the Tokyo Bar Association; joined Miyake, Imai & Ikeda Law Office Jan 2016 Assumed office as Partner of Miyake, Imai & Ikeda Law Office (current) Apr 2022 Deputy Director, Insolvency Law Department, Tokyo Bar Association Aug 2025 Assumed office as Outside Audit & Supervisory Board Member of the Company (current) Sep 2025 Standing Councilor, Turnaround Practitioners Association (current)
1978-06-02
Large Shareholding Reports
JAFCO Group Co., Ltd.
2026-07-30
5.21%→2.51%
JAFCO Group Co., Ltd.
2026-07-29
8.32%→5.21%
JAFCO Group Co., Ltd.
2026-07-28
16.27%→8.32%
JAFCO Group Co., Ltd.
2026-07-27
21.56%→16.27%
JAFCO Group Co., Ltd.
2026-03-05
24.89%→21.56%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-13
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-30
Large Shareholding Report
EDINET
2026-07-29
Large Shareholding Report
EDINET
2026-07-28
Large Shareholding Report
EDINET
2026-07-27
Large Shareholding Report
EDINET
2026-06-22
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-06-18
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2026-06-01
株主総会招集通知
EDINET
2026-03-05
Large Shareholding Report
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-13
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-13
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2024-03-15
Amended Securities Registration Statement
EDINETAmended
2024-03-07
Amended Securities Registration Statement
EDINET
2024-02-21
Securities Registration Statement
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