Overview
Retail Trade

HONEYS HOLDINGS CO.,LTD.

Honeys Holdings is a vertically integrated SPA (Specialty store retailer of Private label Apparel) operating primarily in women's apparel and fashion accessories. Through its core subsidiary Honeys Co., Ltd., the group plans, manufactures, and retails women's clothing and accessories across 872 directly managed stores in all 47 prefectures of Japan, predominantly in suburban large-scale shopping centers and station buildings. The group controls its supply chain through an in-house manufacturing facility in Myanmar (Honeys Garment Industry Limited), supplemented by overseas contract factories, enabling cost-efficient production of primarily private-label merchandise targeting a broad female demographic.

Market Cap
¥39.8B
US$254M
EV
¥23.1B
US$148M
Stock¥1,429▲+0.63%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.3
x
LTM EV/EBIT
5.8
x
LTM PER
16.4
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-27.9%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
39.8BUS$254MMarket Cap0.00BUS$0.00M+ Debt15.4BUS$98.4M− Cash1.28BUS$8.14M− Inv. Sec.23.1BUS$148MEV
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Performance & Balance
Revenue 5Y (¥B)
47.7US$304M'22/554.9US$350M'23/556.6US$361M'24/557.7US$368M'25/556.2US$358M'26/5
EBITDA 5Y (¥B)
6.07US$38.7M'22/58.79US$56.1M'23/58.14US$51.9M'24/57.24US$46.2M'25/56.00US$38.3M'26/5
Net Income 5Y (¥B)
3.26US$20.8M'22/55.34US$34.0M'23/54.88US$31.1M'24/53.73US$23.8M'25/52.85US$18.1M'26/5
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
13.2US$83.9M'22/517.1US$109M'23/513.8US$88.0M'24/514.3US$91.3M'25/516.4US$105M'26/5
Shareholders
Top 10 hold 54.4%
1
E.E.Y. Co., Ltd.
33.43%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
5.23%
3
Honeys Foundation (Public Interest Incorporated Foundation)
3.59%
4
Yoshihisa EJIRI
2.98%
5
Eisuke EJIRI
2.96%
6
Aiko EJIRI
2.28%
7
FUKUYAMA TRANSPORTING CO.,LTD.
1.51%
8
BNP PARIBAS NEW YORK BRANCH – PRIME BROKERAGE SEGREGATION ACCOUNT (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
1.37%
9
Ayumi EJIRI
0.57%
10
Custody Bank of Japan, Ltd. (Trust Account)
0.53%
Management
9 officers
Yoshihisa EJIRI
Representative Director, Chairman
Apr 1969 Joined Ejiri Hat Shop Jun 1978 Managing Director, Ejiri Co., Ltd. (now Honeys Holdings Co., Ltd.) Mar 1985 Representative Director, President, Honey Club Co., Ltd. Oct 1986 Representative Director, President, the Company Apr 2006 Chairman, Haolizi (Shanghai) Fashion Trading Co., Ltd. Aug 2021 Representative Director, Chairman, the Company (current)
1946-09-02
Eisuke EJIRI
Representative Director, President
Jun 2001 Joined the Company Apr 2006 Director, Haolizi (Shanghai) Fashion Trading Co., Ltd. Aug 2006 Executive Officer, Store Development Department Manager, the Company Aug 2007 Director, Executive Officer, General Manager of Planning and Development Division, the Company Aug 2009 Director, Executive Officer, General Manager of Sales Division, the Company Aug 2009 Director, Managing Executive Officer, General Manager of Sales Division, the Company Jun 2010 Director, Managing Executive Officer, General Manager of Product Division, the Company Mar 2012 Director, Honeys Garment Industry Limited (current) Jul 2015 Director, Honey Club Co., Ltd. Jul 2016 Representative Director, President, Honeys Co., Ltd. (formerly Honeys Spin-off Preparation Co., Ltd.) (current) Aug 2019 Director, Managing Executive Officer, General Manager of Sales Division, the Company Aug 2019 Director, Senior Managing Executive Officer, General Manager of Sales Division, the Company Aug 2021 Representative Director, President, the Company (current)
1976-01-24
Noriko OUCHI
Director, Managing Executive Officer, General Manager of Product Division
Aug 1983 Joined Bon Co., Ltd. Jun 1985 Joined Honey Club Co., Ltd. Jul 2000 Joined the Company Aug 2006 Executive Officer, Product Design Department Manager, the Company Aug 2012 Executive Officer, Product Design Department Manager and Cinema Club Division Manager, the Company Aug 2015 Executive Officer, Product Design Department Manager and ASEAN CB Division Manager, the Company Jun 2016 Executive Officer, Product Design Department Manager and Cinema Club Division Manager, the Company Aug 2016 Director, Honeys Garment Industry Limited (current) Aug 2016 Director, Executive Officer, Product Design Department Manager and Cinema Club Division Manager, the Company Sep 2016 Director, Executive Officer, Deputy General Manager of Product Division and Product Planning Department Manager, the Company Aug 2018 Director, Executive Officer, Deputy General Manager of Product Division and Product Design Department Manager, the Company Aug 2019 Director, Executive Officer, General Manager of Product Division and Product Design Department Manager, the Company Aug 2019 Director, Managing Executive Officer, General Manager of Product Division and Product Design Department Manager, the Company Aug 2021 Director, Managing Executive Officer, General Manager of Product Division, the Company (current)
1963-11-02
Shigenobu SATO
Director, Managing Executive Officer, General Manager of Administration Division and Human Resources Department Manager
Apr 1999 Joined Isetan Co., Ltd. Oct 2005 Joined the Company Aug 2007 Human Resources Department Manager, the Company Aug 2011 Executive Officer, Human Resources Department Manager, the Company Feb 2013 Representative Director, President, Honeys Heartful Support Co., Ltd. (current) Jul 2016 Director, Honeys Co., Ltd. (formerly Honeys Spin-off Preparation Co., Ltd.) (current) Aug 2016 Director, Executive Officer, Human Resources Department Manager, the Company Sep 2016 Director, Executive Officer, Deputy General Manager of Administration Division and Human Resources Department Manager, the Company Aug 2019 Director, Executive Officer, General Manager of Administration Division and Human Resources Department Manager, the Company Aug 2019 Director, Managing Executive Officer, General Manager of Administration Division and Human Resources Department Manager, the Company (current)
1975-07-10
Shoji MATSUMOTO
Director, Senior Executive Officer, General Manager of General Affairs and Logistics and General Affairs Department Manager
Apr 1989 Joined the Company Jul 2005 Executive Officer, General Affairs Department Manager, the Company Jul 2015 Audit & Supervisory Board Member, Honeys Heartful Support Co., Ltd. Jul 2019 Director, Honeys Heartful Support Co., Ltd. (current) Aug 2019 Senior Executive Officer, Deputy General Manager of Administration Division and General Affairs Department Manager, the Company Sep 2022 Director, Honeys Co., Ltd. (current) Aug 2025 Director, Senior Executive Officer, General Manager of General Affairs and Logistics and General Affairs Department Manager, the Company (current)
1965-07-28
Takashi NISHINA
Director, Audit and Supervisory Committee Member
Apr 1976 Joined Joyo Bank, Ltd. Jul 2005 Joined the Company Jul 2005 Director, Honey Club Co., Ltd. Aug 2005 Managing Director, General Manager of Administration Division, the Company Apr 2006 Director, Haolizi (Shanghai) Fashion Trading Co., Ltd. Aug 2007 Director, Managing Executive Officer, General Manager of Administration Division, the Company Jul 2015 Director, Honeys Heartful Support Co., Ltd. Jul 2016 Audit & Supervisory Board Member, Honeys Co., Ltd. (formerly Honeys Spin-off Preparation Co., Ltd.) Feb 2017 Director, Honeys Co., Ltd. (formerly Honeys Spin-off Preparation Co., Ltd.) Jul 2019 Audit & Supervisory Board Member, Honeys Heartful Support Co., Ltd. (current) Aug 2019 Managing Executive Officer, the Company Aug 2019 Director, Audit and Supervisory Committee Member, the Company (current)
1951-12-30
Tatsuo KUNII
Director, Audit and Supervisory Committee Member
Apr 1987 Joined Oki Electric Industry Co., Ltd. Nov 1999 Passed the national bar examination Oct 2001 Registered as attorney (Fukushima Bar Association); opened Kunii Law Office, Principal (current) Aug 2005 Director, the Company Aug 2015 Director, Audit and Supervisory Committee Member, the Company (current)
1958-08-28
Yoshiro SUZUKI
Director, Audit and Supervisory Committee Member
Oct 1985 Joined Shinko Auditing Corporation Aug 1991 Opened Suzuki Certified Public Accountant and Tax Accountant Office, Principal (current) Aug 2012 Representative Director, Tohoku Corporate Accounting Center Co., Ltd. (current) Aug 2015 Director, Audit and Supervisory Committee Member, the Company (current)
1958-01-28
Motohiro KANEKO
Director, Audit and Supervisory Committee Member
Apr 1981 Joined Dai-Ichi Kangyo Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2002 Branch Manager, Komagome-Shimofuri Branch, Mizuho Bank, Ltd. Mar 2006 General Manager, Secretary Office, Mizuho Bank, Ltd. Apr 2009 Executive Officer, General Manager, Secretary Office, Mizuho Bank, Ltd. Apr 2009 Executive Officer, General Manager, Head Office Branch, Mizuho Bank, Ltd. Apr 2011 Managing Executive Officer, General Manager, Head Office Branch, Mizuho Bank, Ltd. Jun 2011 Managing Executive Officer, Mizuho Bank, Ltd. Jun 2012 Representative Director, Deputy President, Mizuho Information & Research Institute, Inc. (now Mizuho Research & Technologies, Ltd.) Jun 2014 Outside Audit & Supervisory Board Member, Hibino Corporation Apr 2019 Advisor, Chuo Fudosan Co., Ltd. (now Chuo Nippon Tochi Tatemono Co., Ltd.) (current) Aug 2019 Director, Audit and Supervisory Committee Member, the Company (current) Jun 2021 Outside Director, Hibino Corporation (current)
1958-09-05
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-09-29
Q1 Earnings Flash
FY ending May 2027
EDINET
2026-08-24
Annual Securities Report
Period: Jun 2025 – May 2026
TDnet
2026-07-07
Full-Year Earnings Flash
FY ending May 2026
TDnet
2026-03-26
Q3 Earnings Flash
FY ending May 2026
EDINET
2026-01-14
Semi-Annual Securities Report
Period: Jun 2025 – May 2026
TDnet
2025-09-29
Q1 Earnings Flash
FY ending May 2026
EDINET
2025-08-25
Annual Securities Report
Period: Jun 2024 – May 2025
TDnet
2025-03-27
Q3 Earnings Flash
FY ending May 2025
EDINET
2025-01-14
Semi-Annual Securities Report
Period: Jun 2024 – May 2025
EDINETAmended
2024-12-02
Amended Annual Securities Report
Period: Jun 2023 – May 2024
TDnet
2024-09-26
Q1 Earnings Flash
FY ending May 2025
EDINET
2024-08-21
Annual Securities Report
Period: Jun 2023 – May 2024
EDINET
2024-04-12
Quarterly Securities Report
Period: Dec 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
2023-08-23
Annual Securities Report
Period: Jun 2022 – May 2023
EDINET
2023-04-14
Quarterly Securities Report
Period: Dec 2022 – Feb 2023
EDINET
2023-01-13
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-14
Quarterly Securities Report
EDINET
2022-08-24
Annual Securities Report
EDINET
2022-04-14
Quarterly Securities Report
EDINET
2022-01-14
Quarterly Securities Report
EDINET
2021-10-14
Quarterly Securities Report
EDINET
2021-08-25
Annual Securities Report
EDINET
2021-04-14
Quarterly Securities Report
EDINET
2021-01-14
Quarterly Securities Report
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