Overview
Foods

KAMEDA SEIKA CO.,LTD.

Kameda Seika is Japan's leading rice cracker (beika) manufacturer, producing and selling a wide range of rice-based snacks domestically under its flagship brands, as well as expanding internationally across Asia and North America. The company operates three core segments: Domestic Rice Crackers, Overseas (rice cracker manufacturing and sales in Asia including Thailand, Vietnam, Cambodia, China, and the US), and Food Products (long-term preserved foods, plant-based lactic acid bacteria products, rice flour bread, and plant-based foods through subsidiaries such as Oshinshokuhin and Maisendosho). Its competitive strengths lie in its dominant domestic brand equity, vertically integrated production capabilities rooted in Niigata, and a growing international footprint leveraging Japanese rice snack know-how.

Market Cap
¥86.3B
US$550M
EV
¥112B
US$715M
Stock¥1,364▲+0.37%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.4
x
LTM EV/EBIT
13.6
x
LTM PER
21.4
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-18.6%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
86.3BUS$550MMarket Cap46.7BUS$298M+ Debt20.2BUS$129M− Cash3.97BUS$25.3M− Inv. Sec.3.32BUS$21.2M+ NCI112BUS$715MEV
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Performance & Balance
Revenue 5Y (¥B)
85.2US$543M'22/395.0US$606M'23/395.5US$609M'24/3103US$659M'25/3138US$880M'26/3
EBITDA 5Y (¥B)
9.93US$63.3M'22/39.49US$60.5M'23/310.5US$66.8M'24/311.7US$74.5M'25/317.1US$109M'26/3
Net Income 5Y (¥B)
4.43US$28.2M'22/31.89US$12.1M'23/32.26US$14.4M'24/35.42US$34.5M'25/324.6US$157M'26/3
Capital Structure
69%
31%
EquityD/E 0.45xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
19.8US$126M19.1US$122M'22/323.2US$148M23.5US$150M'23/326.6US$169M23.8US$152M'24/328.2US$180M24.7US$158M'25/324.5US$156M50.2US$320M'26/3
Shareholders
Top 10 hold 44.7%
1
Eikei Co., Ltd.
9.97%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
8.61%
3
KAMEDA Kyoei-kai
8.49%
4
The Daishi Hokuetsu Bank, Ltd.
4.92%
5
Custody Bank of Japan, Ltd. (Trust Account)
3.72%
6
KAMEDA SEIKA CO.,LTD. Employee Stock Ownership Association
2.02%
7
Harashin Co., Ltd.
1.96%
8
Mizuho Bank, Ltd.
1.80%
9
KIKKOMAN CORPORATION
1.64%
10
Daiyonhokuetsu Lease Co., Ltd.
1.54%
Management
13 officers
Reka Raju JUNEJA
Representative Director, Chairman
Sep 1989 Joined Taiyo Kagaku Co., Ltd. Jun 1996 Director, Head of Research Division, Taiyo Kagaku Co., Ltd. Jun 2000 Managing Director, Taiyo Kagaku Co., Ltd. Jun 2003 Representative Director, Senior Executive Vice President, Taiyo Kagaku Co., Ltd. Apr 2014 Joined Rohto Pharmaceutical Co., Ltd. Jun 2014 Director, Executive Vice President, in charge of Overseas Business and Technology, and Chief Health Officer, Rohto Pharmaceutical Co., Ltd. Jun 2020 Representative Director, Executive Vice President, the Company Jun 2022 Representative Director, Chairman, CEO, the Company Apr 2026 Representative Director, Chairman, the Company (current)
1952-03-03
Masanori TAKAGI
Representative Director, President
Apr 1990 Joined the Company Nov 2014 Shirone Plant Manager, the Company Jun 2017 General Manager, General Affairs Department, the Company Jun 2018 Executive Officer, General Manager, General Affairs Department, the Company Apr 2020 Executive Officer, General Manager, Business Process Reform Team, the Company Jul 2021 Managing Executive Officer, General Manager, Sales Division, the Company Jun 2022 Representative Director, President, COO, the Company Apr 2026 Representative Director, President, the Company (current)
1972-02-11
Akira KOBAYASHI
Senior Managing Director
Mar 1984 Joined the Company Jul 2013 Executive Officer, General Manager, Management Planning Department, the Company Nov 2014 Executive Officer, General Manager, Business Promotion Department, the Company Jun 2016 Managing Executive Officer, Head of Production Division, Rice Cracker Business Group, the Company Jun 2017 Managing Executive Officer, General Manager, Administration Division, the Company Jun 2018 Director, General Manager, Administration Division, the Company Apr 2021 Director, CFO, General Manager, Administration Division, the Company Jun 2022 Senior Managing Director, CFO, General Manager, Administration Division, the Company Apr 2025 Senior Managing Director, CFO, the Company Apr 2026 Senior Managing Director, the Company (current)
1965-10-17
Naoko KOIZUMI
Managing Director
Apr 1998 Joined the Company Jun 2003 Director, General Manager, Product Development Division, the Company Jul 2013 Director, Quality Assurance Manager, Rice Cracker Business Group, the Company Jun 2017 Director, General Manager, New Business Group, the Company Apr 2018 Director, Director, Rice Research Institute, the Company Jul 2018 Director, in charge of Group Companies and Diversity, the Company Jun 2022 Managing Director, in charge of Group Companies and Diversity, the Company Jun 2025 Managing Director, in charge of Sustainability, the Company Apr 2026 Managing Director, the Company (current)
1970-06-08
Takayuki KANAI
Director
Apr 1982 Joined The Nippon Credit Bank, Ltd. (currently Aozora Bank, Ltd.) Oct 2008 Executive Officer, the same bank Oct 2010 Joined Nishimoto Co., Ltd. as Senior Managing Director Mar 2012 Representative Director, President, Nishimoto Co., Ltd. Mar 2016 Director, Head of Group Business Division, Nishimoto Wismettac Holdings Co., Ltd. Mar 2017 Representative Director, President, COO, Nishimoto Wismettac Holdings Co., Ltd. Jun 2020 Director, the Company (current) Significant Concurrent Positions: Outside Director, Hachijuni Nagano Bank, Ltd.
1959-04-16
Toshimasa IUE
Director
Apr 1989 Joined Sanyo Electric Co., Ltd. Jun 2002 Representative Director, Senior Executive Vice President, Sanyo Electric Co., Ltd. Jun 2005 Representative Director, President, Sanyo Electric Co., Ltd. Apr 2011 Director, Senior Executive Vice President, LIXIL Corporation Jun 2016 Director, LIXIL Group Corporation Apr 2019 Advisor, Keiei wo Kangaeru Konwakai (Management Discussion Group), the Company Jun 2020 Director, the Company (current) Significant Concurrent Positions: Outside Director (Audit and Supervisory Committee Member), Enplas Corporation; Outside Director, TAKARA & COMPANY Inc.; Outside Director, Torishima Pump Mfg. Co., Ltd.
1962-12-03
Katsuo HISAYAMA
Director
Apr 1978 Joined Asahi Breweries, Ltd. (currently Asahi Group Holdings, Ltd.) Sep 2008 Director, Head of East Kanto Regional Division, Asahi Breweries, Ltd. Jun 2011 Executive Officer, Head of China Division, Asahi Breweries, Ltd. Mar 2013 Representative Director, President, L.B. Co., Ltd. Mar 2016 Senior Managing Director, Asahi Group Foods, Ltd. Mar 2017 Representative Director, President, Asahi Group Foods, Ltd. Jun 2022 Director, the Company (current) Significant Concurrent Positions: Outside Director, Anicom Holdings, Inc.
1955-02-21
Jun SASAKI
Standing Audit and Supervisory Board Member
Oct 1986 Joined the Company Apr 2007 Manager, Customer Relations Office, Customer Service Department, the Company Jul 2013 General Manager, Administration Division, Toyosu Co., Ltd. Jul 2015 Managing Director, Kameda Seika Corporate Pension Fund Jun 2016 General Manager, Internal Audit Department, the Company Jun 2019 Standing Audit and Supervisory Board Member, the Company (current)
1960-07-15
Mari TANABE
Standing Audit and Supervisory Board Member
Apr 1981 Joined the Company (resigned Sep 1986) Oct 1992 Rejoined the Company Jan 2012 Senior Manager, Management Division, the Company Jun 2014 General Manager, Accounting Department, the Company Jun 2016 Executive Officer, General Manager, Accounting Department, the Company Jun 2017 Executive Officer, Assistant to General Manager, Management Planning Division, the Company Dec 2017 Executive Officer, Assistant to General Manager, Management Planning Division, and President, Thai Kameda Co., Ltd. Jul 2019 Executive Officer, General Manager, Related Business Division, the Company Apr 2020 Executive Officer, and General Manager, Management Planning Department, Niigata Transport Co., Ltd. Jun 2020 General Manager, Management Planning Department, Niigata Transport Co., Ltd. Apr 2024 Advisor to the President, Niigata Transport Co., Ltd. Jun 2024 Standing Audit and Supervisory Board Member, the Company (current)
1961-01-12
Akihiro ITO
Audit and Supervisory Board Member
Apr 1983 Joined Kirin Brewery Company, Limited (currently Kirin Holdings Company, Limited) Jan 2013 Executive Officer, Group Finance Director, Kirin Brewery Company, Limited Mar 2014 Director, CFO, Kirin Brewery Company, Limited Mar 2015 Director, Managing Executive Officer, Kirin Brewery Company, Limited Apr 2016 Director, Brazil Kirin Mar 2018 Standing Audit and Supervisory Board Member, Kirin Holdings Company, Limited Jun 2022 Audit and Supervisory Board Member, the Company (current) Significant Concurrent Positions: Outside Audit and Supervisory Board Member, Kewpie Corporation; Outside Audit and Supervisory Board Member, Lion Corporation
1960-12-19
Yoshio ITO
Director
Apr 1973 Joined Matsushita Electric Industrial Co., Ltd. (currently Panasonic Holdings Corporation) Apr 2009 Officer, Matsushita Electric Industrial Co., Ltd. Apr 2013 Managing Officer, Matsushita Electric Industrial Co., Ltd. Apr 2014 Senior Managing Officer, Matsushita Electric Industrial Co., Ltd. Jun 2014 Representative Director, Senior Managing Director, Matsushita Electric Industrial Co., Ltd. Apr 2017 Representative Director, Senior Executive Vice President, Matsushita Electric Industrial Co., Ltd. Jun 2017 Representative Director, Senior Executive Vice President and Executive Officer, Matsushita Electric Industrial Co., Ltd. Jun 2020 Director, the Company (current) Significant Concurrent Positions: Outside Director, Nippon Electric Glass Co., Ltd.
1953-03-18
Kazunari UCHIDA
Director
Apr 1974 Joined Japan Airlines Co., Ltd. Jan 1985 Joined Boston Consulting Group Jun 2000 Japan Representative, Boston Consulting Group Apr 2006 Professor, Waseda University Graduate School of Commerce Feb 2012 Outside Audit and Supervisory Board Member, Kewpie Corporation Feb 2015 Outside Director, Kewpie Corporation Mar 2016 Outside Director, Lion Corporation Apr 2023 Professor Emeritus, Waseda University (current) Apr 2023 Special Visiting Professor, Tokyo Woman's Christian University (current) Significant Concurrent Positions: Outside Director, Brother Industries, Ltd.
1951-10-31
Yoshiko FUJII
Audit and Supervisory Board Member
Apr 1988 Joined Orient Lease Co., Ltd. (currently ORIX Corporation) Jan 2018 Executive Officer, ORIX Corporation Apr 2018 Executive Officer, ORIX Corporation; Supervisory Board Member, ROBECO INSTITUTIONAL ASSET MANAGEMENT ADVISORS (Netherlands) Jan 2020 Joined Nidec Corporation Jun 2021 Executive Officer, Nidec Corporation Jun 2022 Executive Officer, CFO, Enewill Co., Ltd. Jun 2024 Outside Director, Toyo Construction Co., Ltd. Significant Concurrent Positions: Outside Director, Amada Co., Ltd.; Outside Director, Ikedasenshu Holdings, Inc. Note: The above concurrent positions are subject to approval at each company's shareholders' meeting scheduled for June 2026.
1965-07-11
Large Shareholding Reports
Mizuho Bank, Ltd.
2025-10-07
2.56%→1.71%
Annual report (as of 2026-03-31): 1.80%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-10
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-07
Large Shareholding Report
TDnetAmended
2025-08-04
Q1 Earnings Flash
FY ending Mar 2026
TDnet
2025-08-01
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-17
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-02
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-18
Annual Securities Report
Period: Apr 2023 – Mar 2024
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
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-14
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
2022-08-10
Quarterly Securities Report
EDINET
2022-06-14
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-16
Annual Securities Report
EDINETAmended
2021-02-26
Amended Quarterly Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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