Overview
Services

EPCO Co.,Ltd.

EPCO Co., Ltd. provides three core services in the residential housing and energy sectors in Japan and overseas: renewable energy services (planning, design, and installation of solar power systems, storage batteries, and energy-efficient equipment for new and existing homes), maintenance services (outsourced customer center and after-maintenance operations for housing companies, supported by a proprietary database of building design drawings), and design services (plumbing, electrical, and solar equipment design and simulation for homebuilders, leveraging CAD centers in Tokyo, Okinawa, and China). The company operates joint ventures with major partners including Tokyo Electric Power Energy Partner (TEPCOHomeTech) and has established a presence in the Chinese solar market through a joint venture with China Lesso Group. EPCO is listed on the Tokyo Stock Exchange Standard Market.

Market Cap
¥6.95B
US$44.3M
EV
¥5.04B
US$32.1M
Stock¥776▼-0.64%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
10.5
x
LTM EV/EBIT
13.7
x
LTM PER
17.6
x
LTM PBR
1.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-25.0%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
6.95BUS$44.3MMarket Cap0.50BUS$3.19M+ Debt2.21BUS$14.1M− Cash0.21BUS$1.31M− Inv. Sec.5.04BUS$32.1MEV
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Performance & Balance
Revenue 5Y (¥B)
4.70US$29.9M'21/124.82US$30.7M'22/125.06US$32.3M'23/125.61US$35.8M'24/126.25US$39.9M'25/12
EBITDA 5Y (¥B)
0.59US$3.75M'21/120.21US$1.33M'22/120.30US$1.93M'23/120.46US$2.92M'24/120.49US$3.13M'25/12
Net Income 5Y (¥B)
0.66US$4.20M'21/120.36US$2.29M'22/120.63US$3.99M'23/120.33US$2.09M'24/120.42US$2.70M'25/12
Capital Structure
90%
EquityD/E 0.11xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
4.16US$26.5M'21/122.18US$13.9M'22/122.10US$13.4M'23/122.47US$15.7M0.50US$3.19M'24/123.06US$19.5M0.50US$3.19M'25/12
Shareholders
Top 10 hold 52.7%
1
Tatsuyuki IWASAKI (Standing Proxy: MUFG Bank, Ltd.)
27.72%
2
Panasonic Housing Solutions Co., Ltd.
11.16%
3
LIXIL Corporation
5.18%
4
SBI SECURITIES Co., Ltd.
2.00%
5
Yuko WADA
1.69%
6
EPCO Co.,Ltd. Employee Stock Ownership Association
1.59%
7
Takuya TSUNEKAWA
1.02%
8
Shozo DOMON
0.93%
9
Yoshihiko KURAMORI
0.81%
10
Shinichiro YOSHIHARA
0.60%
Management
6 officers
Tatsuyuki IWASAKI
Representative Director, Group CEO
Apr 1982 Joined Toshiba Engineering Corporation Oct 1983 Joined Yugen-gaisha Sanseisuido Kogyosho Nov 1988 Founded Iwasaki Design Service Apr 1990 Established EPCO Co., Ltd.; assumed office as Representative Director, President Jun 1992 Established the Company; assumed office as Representative Director, President Aug 2004 Chairman, AIBIKE Building Equipment Design (Shenzhen) Co., Ltd. (now Shenzhen Lianju AIBIKE Engineering Design Co., Ltd.) (current) May 2011 Assumed office as CEO, EPCO (HK) Limited (current) Apr 2012 Representative Director, Group CEO of the Company (current) Jul 2015 Outside Director, enechange Ltd. Jul 2016 Chairman, AIBIKE Building Equipment Design (Jilin) Co., Ltd. Aug 2017 Representative Director, President, TEPCO Home Tech Co., Ltd. Jun 2023 Director, Chairman, TEPCO Home Tech Co., Ltd. Jun 2024 Representative Director, Chairman, TEPCO Home Tech Co., Ltd. (current)
1964-11-10
Shinichiro YOSHIHARA
Director
Oct 1997 Joined Asahi Audit Corporation (now Azsa LLC) Apr 2001 Registered as Certified Public Accountant Jan 2002 Joined the Company; General Manager, Corporate Planning Office Apr 2002 Director of the Company Apr 2009 Director, General Manager, Management Administration Group Jul 2011 Senior Managing Director, General Manager, Management Administration Group Apr 2012 Representative Director, COO, General Manager, Management Administration Group Apr 2014 Representative Director, CFO, General Manager, Management Administration Group Apr 2017 Representative Director, CFO, General Manager, Corporate Division Mar 2020 Outside Director, ENECHANGE Ltd. Oct 2024 Representative Director, CFO of the Company Mar 2025 Director of the Company (current) Executive Officer, General Manager, Corporate Planning Department, Strike Co., Ltd. (current)
1975-02-22
Masashi WATANABE
Director (Audit and Supervisory Committee Member)
Apr 1994 Joined Nikko Securities Co., Ltd. (now SMBC Nikko Securities Inc.) Feb 2001 Joined Matsui Securities Co., Ltd. Mar 2004 General Manager, Public Relations and IR, President's Office, Matsui Securities Co., Ltd. Apr 2007 General Manager, Business Development Department, Matsui Securities Co., Ltd. Jun 2009 Director, Matsui Securities Co., Ltd. Oct 2014 Established Masashi Watanabe Office Inc.; Representative Director (current) Jun 2021 Outside Director, Nichiryoku Co., Ltd. Mar 2022 Director (Audit and Supervisory Committee Member) of the Company (current) Apr 2023 Visiting Lecturer, Graduate School of Innovation Management (MBA), Hosei University (current) Jun 2025 Representative Director, President, Nichiryoku Co., Ltd. (current) Feb 2026 Outside Director, Kyobashi Art Residence Co., Ltd. (current)
1971-01-21
Takuo AKINO
Director (Audit and Supervisory Committee Member)
Apr 1998 Registered as Attorney-at-Law Apr 2001 Established Akino Law Office Apr 2003 Established Takumi Law Offices Jan 2006 Established Takumi Law Offices, a Law Corporation; Representative Partner (current) Jun 2016 Corporate Auditor, N.C.N. Co., Ltd. (current) Aug 2016 Corporate Auditor, Ichinomiya Realize Co., Ltd. (current) Mar 2020 Director (Audit and Supervisory Committee Member) of the Company (current) Apr 2024 Vice President, Second Tokyo Bar Association
1973-08-14
Tadashi TAMURA
Director (Audit and Supervisory Committee Member)
Apr 1995 Joined NTT Facilities, Inc. Oct 2011 Transferred on secondment to Nuclear Damage Compensation and Decommissioning Facilitation Corporation; Senior Advisor Apr 2013 Seconded to ENET Co., Ltd.; General Manager, Corporate Planning Department Feb 2015 Established Multit Co., Ltd.; Representative Director (current) May 2016 Joined TEPCO Energy Partner, Incorporated; Acting Deputy General Manager, Product Development Office Jun 2017 Managing Director, TEPCO Energy Partner, Incorporated; General Manager, Living Business Headquarters and Product Development Office Aug 2017 Director, TEPCO Home Tech Co., Ltd. Sep 2017 Representative Director, President, TEPCO i-Frontiers Co., Ltd. Apr 2018 Director, PinT Co., Ltd. Apr 2019 Managing Director, TEPCO Energy Partner, Incorporated; General Manager, Management Strategy Headquarters Apr 2019 Director, TEPCO Customer Service Corporation Mar 2022 Director of the Company Jun 2022 Director, TEPCO Home Tech Co., Ltd. Jun 2022 Director, SMN Co., Ltd. Mar 2023 Director (Audit and Supervisory Committee Member) of the Company (current)
1974-04-21
Yuka ICHIKI
Director (Audit and Supervisory Committee Member)
Oct 1993 Joined Kazuo Noda Office Nov 1995 Joined Pasona Inc. May 2001 Joined Maru Inc. (seconded to Namco Ltd.) May 2005 Joined Namco Ltd. (now Bandai Namco Entertainment Inc.) Apr 2010 General Manager, New Business Division, Bandai Namco Games Inc. (now Bandai Namco Entertainment Inc.) Apr 2016 Director, Bandai Namco Will Inc. Apr 2020 Joined Sega Sammy Holdings Inc.; Representative Director, President, Sega Sammy Business Support Co., Ltd. Apr 2021 Executive Officer, Sega Sammy Holdings Inc. Aug 2022 Outside Director (Audit and Supervisory Committee Member), UUUM Inc. Nov 2023 Director, Sega Sammy Business Support Co., Ltd. Apr 2024 Fellow, Human Capital Management, Nikkei BP Research Institute Inc. (current) Mar 2025 Director (Audit and Supervisory Committee Member) of the Company (current) Nov 2025 Outside Director (Audit and Supervisory Committee Member), PayCloud Holdings Inc. (current)
1966-11-14
Large Shareholding Reports
Panasonic Housing Solutions Co., Ltd.
2026-03-31
10.73%
Annual report (as of 2026-06-30): 11.16%
Panasonic Holdings Corporation
2026-03-31
10.73%→0.00%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-10
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-07
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-14
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-31
Large Shareholding Report
EDINET
2026-03-31
Large Shareholding Report
EDINET
2026-03-24
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-13
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-14
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-25
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-26
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-09
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-24
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-05-12
Quarterly Securities Report
EDINET
2022-03-25
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-05-13
Quarterly Securities Report
EDINET
2021-03-26
Annual Securities Report
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