Overview
Foods

KEY COFFEE INC

Key Coffee Inc. is a leading Japanese coffee company engaged in the manufacturing, processing, and sales of coffee products including roasted coffee, drip coffee, instant coffee, and canned coffee for consumers, restaurants, food wholesalers, and beverage manufacturers. The company also operates upstream coffee value chain assets, including its own coffee plantation in Sulawesi, Indonesia (Toraja region) through PT. TOARCO JAYA, ensuring stable supply of premium green beans. In addition to its core coffee business, the group operates restaurant and confectionery chains (Italian Tomato, Amand), office coffee services, mail-order businesses, and distributes international brands such as illy and Lipton tea in Japan.

Market Cap
¥43.0B
US$274M
EV
¥52.4B
US$334M
Stock¥2,006▲+0.50%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
20.1
x
LTM EV/EBIT
35.6
x
LTM PER
33.2
x
LTM PBR
1.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-18.6%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
43.0BUS$274MMarket Cap20.1BUS$128M+ Debt6.47BUS$41.2M− Cash4.72BUS$30.1M− Inv. Sec.0.51BUS$3.25M+ NCI52.4BUS$334MEV
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Performance & Balance
Revenue 5Y (¥B)
55.7US$355M'22/363.3US$404M'23/373.8US$471M'24/377.8US$496M'25/393.1US$594M'26/3
EBITDA 5Y (¥B)
1.37US$8.74M'22/31.20US$7.65M'23/31.74US$11.1M'24/31.52US$9.67M'25/32.19US$14.0M'26/3
Net Income 5Y (¥B)
0.74US$4.73M'22/30.17US$1.10M'23/30.18US$1.15M'24/30.21US$1.36M'25/30.99US$6.30M'26/3
Capital Structure
62%
38%
EquityD/E 0.62xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
8.16US$52.0M0.08US$0.52M'22/36.88US$43.9M3.19US$20.3M'23/38.51US$54.3M5.34US$34.1M'24/38.86US$56.5M8.73US$55.7M'25/39.94US$63.4M18.6US$119M'26/3
Shareholders
Top 10 hold 28.2%
1
Hakuyu Kosan Co., Ltd.
10.47%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.66%
3
KEY COFFEE INC Business Partners' Stock Ownership Association
2.92%
4
Hiroshi SHIBATA
2.31%
5
Custody Bank of Japan, Ltd. (Trust Account E)
1.18%
6
Custody Bank of Japan, Ltd. (Trust Account)
0.84%
7
Nippon Life Insurance Company
0.83%
8
Makoto SHIBATA
0.78%
9
MAEDA CORPORATION
0.64%
10
KEY COFFEE INC Employee Stock Ownership Association
0.56%
Management
9 officers
Kazuo KAWAMATA
Director, Chairman
Mar 1983 Joined the Company Apr 2000 General Manager, First Sales Department Apr 2003 General Manager, Wide-Area Sales Headquarters Jun 2003 Director Jun 2005 Managing Director Apr 2006 General Manager, Business Headquarters Apr 2008 General Manager, Sales Division Apr 2011 General Manager, Corporate Planning Headquarters Jun 2011 Representative Director, President, Key Coffee Communications Inc. Apr 2013 General Manager, Marketing Headquarters Jun 2013 Director, Managing Executive Officer; in charge of Procurement Group Apr 2015 In charge of illy Business Division Jun 2015 Director, Senior Managing Executive Officer Jun 2017 Chairman, Taiwan Key Coffee Inc. (current) Apr 2019 In charge of Product Management; in charge of Marketing HQ and SCM HQ Jun 2019 Director, Executive Vice President Executive Officer Apr 2020 In charge of Crisis Management (current) Jun 2023 Director, Chairman (current) Jun 2025 Representative Director, President, Sulawesi Kosan Co., Ltd. (current)
1957-11-12
Hiroshi SHIBATA
Representative Director, President
Mar 1987 Joined the Company Apr 1997 General Manager, First Sales Department Jun 1997 Director Apr 1999 Deputy General Manager, Wide-Area Sales Headquarters Oct 2000 Managing Director; General Manager, Corporate Planning Headquarters Apr 2001 General Manager, Marketing Headquarters Jun 2001 Senior Managing Director Jan 2002 Representative Senior Managing Director Jul 2002 Representative Director, President (current) Apr 2009 In charge of Internal Audit Office (current) Apr 2022 General Manager, Future of Coffee Department (current)
1964-01-12
Nobuhiro OZAWA
Director, Executive Vice President Executive Officer
Mar 1982 Joined the Company Apr 2001 General Manager, Second Sales Department Apr 2003 General Manager, First Sales Department Jul 2005 General Manager, Wide-Area Sales Headquarters Jun 2007 Director Apr 2010 In charge of Wide-Area Sales Headquarters Apr 2011 In charge of Labor Affairs (current) Apr 2012 General Manager, Special Sales Headquarters Apr 2013 Director, Managing Executive Officer; General Manager, Sales Division (current) Jun 2013 In charge of Business Headquarters, Distribution Sales Headquarters and Special Sales Headquarters (now Wide-Area Sales Headquarters) (current) Apr 2017 In charge of Strategy Solutions Division (current) May 2019 Representative Director, President, Italian Tomato Co., Ltd. (current) Jun 2019 Director, Senior Managing Executive Officer Apr 2023 In charge of illy Business Division (current) Jun 2023 Director, Executive Vice President Executive Officer (current)
1960-01-06
Masaya ANDO
Director, Senior Managing Executive Officer
Feb 1984 Joined the Company Apr 2004 Manager, Corporate Planning Office Apr 2009 Deputy General Manager, Corporate Planning Headquarters; Group Leader, R&D Group Apr 2012 Deputy General Manager, Corporate Planning Headquarters; General Manager, Corporate Planning Department Apr 2013 Executive Officer; General Manager, Corporate Planning Department Jun 2018 Director, Executive Officer Jul 2018 Representative Director, President, Kayu Club Co., Ltd. (current) Jun 2019 Director, Managing Executive Officer; Chief Financial Officer (current); in charge of Administration Headquarters (current) Apr 2020 In charge of Compliance (current) Apr 2021 In charge of Corporate Planning Department and Quality Assurance Department (current) Jun 2023 Director, Senior Managing Executive Officer (current); Representative Director, President, Nick Foods Co., Ltd.; Representative Director, President, Honu Kato Coffee Co., Ltd. (current) Apr 2024 In charge of Secretarial and Public Relations Department (current) Apr 2025 In charge of Marketing Headquarters (current)
1959-10-31
Masataka NAKANO
Director, Managing Executive Officer
Apr 1996 Joined the Company Dec 2012 Vice President, PT. TOARCO JAYA Apr 2016 General Manager, Market Strategy Department, Marketing Headquarters Jun 2017 Representative Director, President, Sulawesi Kosan Co., Ltd. Apr 2018 Deputy General Manager, Marketing Headquarters Apr 2019 Executive Officer; General Manager, Marketing Headquarters Apr 2021 General Manager, SCM Headquarters Jun 2021 Director Jun 2023 Director, Managing Executive Officer; in charge of Product Management and Marketing Headquarters (current) Apr 2024 In charge of SCM Headquarters (current) Jun 2025 Representative Director, President, Nick Foods Co., Ltd. (current); Representative Director, President, Key Coffee Communications Inc. (current)
1973-02-08
Satoshi WATANABE
Director, Audit and Supervisory Committee Member
Apr 1990 Joined Japan Tobacco Inc. Jan 2016 Manager, Quality Assurance Department, the Company (seconded) Apr 2016 General Manager, Quality Assurance Department, the Company (seconded) Mar 2019 Resigned from Japan Tobacco Inc. Apr 2019 Joined the Company Apr 2021 General Manager, Quality Assurance Department; General Manager, Internal Audit Office Apr 2024 General Manager, Internal Audit Office Jun 2025 Director, Audit and Supervisory Committee Member (current)
1963-10-25
Kozo NAKAGAWA
Director, Audit and Supervisory Committee Member
Nov 1980 Joined Deloitte Haskins & Sells CPA Joint Office (now Deloitte Touche Tohmatsu LLC) Feb 1985 Registered as Certified Public Accountant Sep 2011 Left Deloitte Touche Tohmatsu LLC Oct 2011 Opened Kozo Nakagawa CPA Office (current) Dec 2011 Registered as Certified Tax Accountant; opened Kozo Nakagawa Tax Accountant Office (current) Jun 2012 Outside Corporate Auditor, the Company; Full-time Outside Corporate Auditor, Pronexus Inc. Jun 2013 Outside Corporate Auditor, Nikki Co., Ltd. Jun 2015 Director, Audit and Supervisory Committee Member, the Company (current)
1951-03-05
Yoshiko SHIBAMOTO
Director, Audit and Supervisory Committee Member
Apr 1975 Joined Nihon Keizai Shimbun, Inc.; Deputy Editor-in-Chief, lifestyle magazine "Shopping" Oct 1991 Joined Hong Kong Post (Japanese-language newspaper); Editor-in-Chief, Family Section Jul 1996 Joined Fusansha Co., Ltd.; Editor-in-Chief, "Tamago Club" and "Hiyoko Club" (Benesse Corporation) Feb 2004 Established Vital Network Co., Ltd. Aug 2005 Joined KADOKAWA SS Communications Co., Ltd.; Editor-in-Chief, "Mainichi ga Hakken" Apr 2007 Part-time Lecturer, Faculty of Letters, Department of Journalism, Sophia University (magazine theory) Jan 2011 Representative Director, Vital Network Co., Ltd. (current) Sep 2012 Part-time Lecturer, Faculty of Science and Engineering, Toyo University (Japanese literacy) Jun 2019 Director, Audit and Supervisory Committee Member (current)
1952-05-17
Shiho HIGASHI
Director, Audit and Supervisory Committee Member
Oct 2006 Registered as Attorney-at-Law; joined Daiichi Fuyo Law Office Oct 2014 Partner, Daiichi Fuyo Law Office (current) Jun 2019 Outside Corporate Auditor, Kanda Tsushinki Co., Ltd. (current) Apr 2020 Auditor, Daiichi Tokyo Bar Association Jun 2021 Director, Audit and Supervisory Committee Member (current) Jun 2026 Outside Director, Audit and Supervisory Committee Member, Daitobo Co., Ltd. (current)
1975-04-22
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-16
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-09-30
Q1 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-08-25
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-29
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-21
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-22
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-15
Quarterly Securities Report
EDINET
2021-08-16
Quarterly Securities Report
EDINET
2021-06-23
Annual Securities Report
EDINET
2021-02-15
Quarterly Securities Report
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