Overview
Retail Trade

Karula Co.,LTD.

Carula Co., Ltd. operates Japanese-style family restaurants primarily under the 'Marumatsu' brand, serving sushi, tempura, soba, and other traditional Japanese cuisine at accessible price points across the Tohoku region. In addition to its flagship Marumatsu restaurants, the company operates several other dining formats including crab cuisine ('Kani Masamune'), tonkatsu ('Katsu Gourmet'), Japanese soba ('Marumatsu'), and low-price rice bowl/set meal ('Rara-tei') concepts. The company supports its restaurant operations through in-house food manufacturing facilities producing soups, tofu, and processed ingredients, as well as a centralized logistics center for quality control and cost efficiency.

Market Cap
¥2.77B
US$17.7M
EV
¥3.72B
US$23.7M
Stock¥481▲+0.63%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.0
x
LTM EV/EBIT
14.7
x
LTM PER
36.2
x
LTM PBR
1.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-21.3%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
2.77BUS$17.7MMarket Cap2.14BUS$13.6M+ Debt1.19BUS$7.58M− Cash0.00BUS$0.00M− Inv. Sec.3.72BUS$23.7MEV
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Performance & Balance
Revenue 5Y (¥B)
5.20US$33.2M'22/26.04US$38.5M'23/26.84US$43.6M'24/27.26US$46.3M'25/27.54US$48.1M'26/2
EBITDA 5Y (¥B)
-0.23-US$1.46M'22/20.14US$0.89M'23/20.49US$3.10M'24/20.51US$3.24M'25/20.49US$3.11M'26/2
Net Income 5Y (¥B)
-0.45-US$2.86M'22/2-0.06-US$0.39M'23/20.44US$2.79M'24/20.36US$2.32M'25/20.24US$1.52M'26/2
Capital Structure
51%
49%
EquityD/E 0.95xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.30US$8.31M3.49US$22.2M'22/21.28US$8.14M3.12US$19.9M'23/21.56US$9.94M3.02US$19.2M'24/21.01US$6.42M2.18US$13.9M'25/21.20US$7.65M2.30US$14.7M'26/2
Shareholders
Top 10 hold 53.6%
1
Asset System Co., Ltd.
36.97%
2
Junko INOUE
6.24%
3
Karula Co.,LTD. Employee Stock Ownership Association
3.39%
4
Yoshiyuki INOUE
1.70%
5
SBI SECURITIES Co., Ltd.
1.29%
6
Kyoko SAITO
1.23%
7
Rakuten Securities, Inc.
0.92%
8
Kimitoshi KIKUCHI
0.73%
9
Nanami INOUE
0.69%
10
Masahiko SAKURAI
0.46%
Management
12 officers
Junko INOUE
Representative Director, President
Oct 2013 Representative Director, President, Asset System Co., Ltd. (current) May 2022 Director, in charge of Product Development Office, the Company May 2023 Representative Director, Executive Vice President, the Company May 2026 Representative Director, President, the Company (current)
1967-11-16
Kimitoshi KIKUCHI
Managing Director
Jul 1978 Joined the Company Feb 2007 Executive Officer, General Manager of Supply Division, the Company Jul 2008 Executive Officer, General Manager of Product Development Office, the Company May 2016 Director, in charge of Product Supply Division, the Company Mar 2018 Director, General Manager of Sales Division, the Company Mar 2019 Director, General Manager of Product Division, the Company Jul 2024 Managing Director, General Manager of Product Division, the Company Apr 2026 Managing Director, overall supervision of Supply Division, the Company (current)
1956-01-05
Yusuke MIURA
Managing Director
Dec 2004 Joined the Company Jul 2005 Store Manager, Narita Store, No. 1 Sales Department, the Company Jun 2007 Area Manager, No. 1 Sales Department, the Company Mar 2019 General Manager, No. 1 Sales Department, the Company Mar 2022 Executive Officer, General Manager of No. 1 Sales Department, the Company May 2024 Director, General Manager of No. 1 Sales Division, the Company May 2026 Managing Director, overall management, General Manager of No. 1 Sales Division, the Company (current)
1977-11-05
Masahiko SAKURAI
Director
Apr 2000 Joined the Company Feb 2004 Store Manager, Nakashinden Store, No. 1 Sales Department, the Company Jun 2007 Area Manager, No. 1 Sales Department, the Company Feb 2015 Branch Manager, Jushoan Motomachi Store, No. 2 Sales Department, the Company Mar 2022 Executive Officer, General Manager of No. 2 Sales Department, the Company May 2024 Director, General Manager of No. 2 Sales Division, the Company Apr 2026 Director, overall product supervision, General Manager of No. 2 Sales Division, the Company (current)
1975-07-25
Shinichi ITO
Director
May 2004 Joined the Company May 2007 Executive Officer, General Manager of General Affairs Department, the Company May 2009 Director, in charge of Administration Division, the Company May 2013 Managing Director, in charge of Administration Division, the Company May 2015 Managing Director, in charge of Sales Division, the Company May 2017 Senior Managing Director, General Manager of Administration Division, the Company Sep 2024 Resigned as Director, the Company May 2026 Director, the Company (current)
1959-04-02
Nanami INOUE
Director
May 2021 Joined the Company, assigned to Sales Department May 2026 Director, the Company (current)
2000-05-10
Tatsu HANATATE
Director
Oct 1990 Joined Asahi Shinwa Certified Public Accountants (now Azsa LLC) Mar 1994 Registered as Certified Public Accountant Jan 2008 Established Hanatate Certified Public Accountant Office, Representative (current) May 2010 Director, the Company (current)
1963-08-06
Shinichi SAITO
Director
Dec 1981 Passed national examination for Certified Tax Accountant Apr 1982 Opened Saito Shinichi Certified Tax Accountant Office Oct 1983 Established Saito Keiei Co., Ltd., Representative Director May 2018 Director, the Company (current) Jul 2020 Chairman of the Board, Saito Keiei Co., Ltd. (current)
1941-10-10
Fumiyoshi OTOMO
Director
Apr 1976 Joined Chugai Shokuhin Co., Ltd. Feb 1982 Joined End Chain Co., Ltd. Dec 1985 Joined Conny Shop Co., Ltd. Jul 1994 Representative Director, Kaisho Co., Ltd. (current) Mar 1999 Representative Director, Shosei Co., Ltd. (current) May 2025 Director, the Company (current)
1952-09-06
Hiroyuki SHIRAISHI
Full-time Corporate Auditor
Apr 1974 Joined Miyagi Prefectural Government, Institute of Public Health Apr 2003 Director, Miyagi Prefectural Public Health Association Nov 2011 Adviser, Quality Control Office, the Company May 2013 Full-time Corporate Auditor, the Company (current)
1941-07-13
Takashi NAKATA
Corporate Auditor
Dec 2007 Registered as attorney-at-law; joined Teshigahara Kyodo Law Office May 2019 Member, Miyagi Prefecture Administrative Appeal Review Board Apr 2020 Member, Sendai City Psychiatric Medical Review Board Sep 2022 Outside Corporate Auditor, Vitalnet Co., Ltd. (current) Sep 2022 Corporate Auditor, the Company (current) Apr 2024 Vice President, Sendai Bar Association Oct 2024 Member, Miyagi Prefecture Personal Information Protection Review Committee (current)
1981-06-21
Hideto INOUE
Corporate Auditor
Apr 1979 Joined Sekisui House, Ltd. Aug 2003 Sales Office Manager, Sendai Sherwood Housing Sales Office, Sekisui House, Ltd. Apr 2013 Director, General Manager of Brokerage Business Division, Sekiwa Real Estate Tohoku, Ltd. (now Sekisui House Chemes PM Tohoku Co., Ltd.) Apr 2020 Executive Officer, General Manager of Real Estate Development Business Division, same company Apr 2021 General Manager of Real Estate Development Sales Division, same company Mar 2023 Retired from same company Apr 2026 Corporate Auditor, the Company (current)
1955-08-24
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-13
Semi-Annual Securities Report
Period: Mar 2026 – Feb 2027
TDnet
2026-10-05
Q2 Earnings Flash
FY ending Feb 2027
TDnet
2026-07-06
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-05-29
Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2026-01-05
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2025-10-14
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2025-07-07
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-23
Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2025-01-06
Q3 Earnings Flash
FY ending Feb 2025
EDINET
2024-10-11
Semi-Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINET
2024-07-12
Quarterly Securities Report
Period: Mar 2024 – May 2024
TDnet
2024-07-05
Q1 Earnings Flash
FY ending Feb 2025
EDINET
2024-05-24
Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINET
2024-01-12
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-13
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-13
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-05-26
Annual Securities Report
Period: Mar 2022 – Feb 2023
EDINET
2023-01-13
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-14
Quarterly Securities Report
EDINET
2022-07-14
Quarterly Securities Report
EDINET
2022-05-27
Annual Securities Report
EDINET
2022-01-13
Quarterly Securities Report
EDINET
2021-10-14
Quarterly Securities Report
EDINET
2021-07-14
Quarterly Securities Report
EDINET
2021-05-28
Annual Securities Report
EDINET
2021-01-14
Quarterly Securities Report
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