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Overview

Retail Trade

JINS HOLDINGS Inc.

JINS Holdings Inc. is a leading Japanese eyewear retailer operating under the JINS brand, offering affordable, high-quality prescription glasses, sunglasses, and functional eyewear such as blue light blocking and moisture-retaining lenses. The company operates a vertically integrated SPA (Specialty store retailer of Private label Apparel) model, enabling fast product development, low-cost manufacturing, and direct-to-consumer retail. JINS has a growing international presence across China, the United States, Taiwan, Hong Kong, Vietnam, and the Philippines, in addition to its dominant domestic network in Japan.

Activists: Taiyo Pacific Partners, L.P. 4.14%

Market Cap

¥143B

US$906M

¥137B

US$865M

Stock¥6,130▲+1.32%

US$1 = ¥157.90 (2026-11-02)

LTM EV/EBITDA

8.8

LTM EV/EBIT

11.9

LTM PER

18.4

LTM PBR

3.8

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-36.3%pt

Nov 4, 25 – Nov 2, 26StockTOPIX

1Jul 13, 26Q3 FY2026/08 earnings announced

MC → EV Bridge

AI Briefing

JINS runs a vertically integrated SPA eyewear model, dominant in Japan with expanding footprint across Asia and the US. FY25/8 revenue ¥97.2B with OP margin expanding to 12.4%; FY26/8 guided revenue ¥111B though OP margin eases to 10.3%. Founder-controlled (34%+ stake) at ¥143B market cap, ~8.7x EBITDA — steady growth story, no active M&A catalyst in the data.

Open JINS HOLDINGS Inc. in the demo →Comps, DCF and WACC for this company. Free, no time limit.

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

87%

EquityD/E 0.15xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 58.7%

as of 2026-02-28 · Source: Annual Securities Report

Hitoshi TANAKA

34.28%

The Master Trust Bank of Japan, Ltd. (Trust Account)

7.13%

Mars LLC

5.08%

Jupiter Co., Ltd.

2.54%

Venus Co., Ltd.

2.54%

Custody Bank of Japan, Ltd. (Trust Account)

1.75%

STATE STREET BANK AND TRUST COMPANY 505001

1.48%

Shunichi KAMITONO

1.47%

Custody Bank of Japan, Ltd. (Trust Account E)

1.25%

THE BANK OF NEW YORK MELLON 140044

1.22%

Management

8 officers

Hitoshi TANAKA

Representative Director, Chairman and CEO

Apr 1981 Joined Maebashi Shinkin Bank (current Shinonome Shinkin Bank) Apr 1986 Joined Studio Clip Co., Ltd. Apr 1987 Founded Jin Products, a wholesale manufacturer of apparel accessories, as an individual proprietorship Jul 1988 Established J.I.N. Co., Ltd. (current JINS Holdings Inc.) and appointed Representative Director, President Jun 2011 Appointed Representative Director, CEO of Brand New Day Co., Ltd. Sep 2012 Appointed Chairman of Jins Trading (Shenyang) Co., Ltd. Feb 2013 Appointed Chairman of Jing Zi Trading (Shanghai) Co., Ltd. (current Jing Zi (Shanghai) Enterprise Management Co., Ltd.) Feb 2013 Appointed Chairman of Jing Zi Mei Shi Trading (Beijing) Co., Ltd. Dec 2013 Appointed CEO of JINS US Holdings, Inc. May 2015 Appointed Representative Director of JINS Norma Co., Ltd. Jun 2015 Appointed Director of Taiwan Jins Co., Ltd. Jun 2015 Appointed Outside Director of Oisix Inc. (current Oisix ra daichi Inc.) (current) May 2018 Appointed Representative Director, CEO of JINS Japan Co., Ltd. (current JINS Inc.) Dec 2018 Appointed Chairman of Taiwan Jins Co., Ltd. Jun 2021 Appointed Outside Director of Nihon Tsushin Co., Ltd. (current) Oct 2022 Appointed Outside Director of Mebuku Ground Co., Ltd. (current) Dec 2023 Appointed Director of JINS Inc. (current) Nov 2025 Appointed Representative Director, Chairman of the Company (current)

1963-01-25

Ryo TANAKA

Representative Director, President and COO

Apr 2008 Joined Mizuho Bank, Ltd. Mar 2011 Joined Brand New Day Co., Ltd. Sep 2012 Appointed Division Head of the same company Apr 2017 Joined the Company Sep 2017 Appointed Brand Management Office, Business Integration Leader of the Company Dec 2020 Appointed Executive Officer (in charge of domestic eyewear business) of the Company Nov 2021 Appointed Director of the Company Oct 2022 Appointed Director of Yamato Technical Co., Ltd. (current) Nov 2022 Appointed Deputy President, Director of the Company Jan 2023 Appointed Director of Jing Zi (Shanghai) Enterprise Management Co., Ltd. Jan 2023 Appointed CFO of JINS US Holdings, Inc. Dec 2023 Appointed Representative Director, President of JINS Inc. (current) Dec 2024 Appointed Executive Officer, COO of the Company (current) Nov 2025 Appointed Representative Director, President of the Company (current)

1985-08-06

Noboru FURUYA

Director

Apr 1981 Joined The Boston Consulting Group K.K. Jun 2000 Appointed Representative Director of Dream Incubator Inc. Mar 2005 Appointed Representative Director of Vehicle Co., Ltd. (current) Jun 2005 Appointed Outside Director of Kombi Corporation Nov 2006 Appointed Outside Director of the Company (current) Mar 2013 Appointed Outside Director of SanBio Co., Ltd. (current) Mar 2018 Appointed Outside Director of Medley, Inc. Jun 2022 Appointed Outside Director of Santen Pharmaceutical Co., Ltd. Jan 2025 Appointed Outside Director of Toggle Holdings, Inc. (current)

1956-11-13

Jiro KOKURYO

Director

Apr 1982 Joined Nippon Telegraph and Telephone Public Corporation (current NTT, Inc.) Jun 1992 Received Doctor of Business Administration, Harvard University Apr 1993 Appointed Associate Professor, Graduate School of Business Administration, Keio University Apr 2000 Appointed Professor, Graduate School of Business Administration, Keio University Apr 2003 Appointed Professor, Faculty of Environment and Information Studies, Keio University May 2005 Appointed Director, Keio SFC Research Institute Apr 2006 Appointed Professor, Faculty of Policy Management, Keio University Apr 2009 Appointed Dean, Faculty of Policy Management, Keio University May 2013 Appointed Standing Trustee, Keio University Nov 2017 Appointed Outside Director of the Company (current) Jul 2019 Appointed Outside Director of Kuon Corporation (current) Aug 2022 Appointed Outside Director of Hacobu, Inc. (current) Oct 2022 Appointed Outside Director of Mebuku Ground Co., Ltd. (current) Apr 2025 Appointed Research Professor, Center for Business and Finance Research, Waseda University (current)

1959-07-19

Chiaki HAYASHI

Director

Apr 1994 Joined Kao Corporation Jun 1999 Joined the New York Bureau of Kyodo News Feb 2000 Founded Loftwork Inc. and appointed Representative Director Apr 2012 Appointed Assistant to the Director, MIT Media Lab Apr 2014 Appointed Representative Director of Hida no Mori de Kuma wa Odoru Co., Ltd. Apr 2019 Appointed Chairman of Hida no Mori de Kuma wa Odoru Co., Ltd. (current) Mar 2020 Appointed Outside Director of Pigeon Corporation (current) Oct 2020 Appointed Outside Director of Yayoi Co., Ltd. (current) Feb 2021 Appointed Chairman of the Board of Directors of Loftwork Inc. Nov 2021 Appointed Outside Director of the Company (current) Aug 2022 Founded Hachihachi Inc. and appointed Representative Director (current) Sep 2022 Founded Q0 Inc. and appointed Representative Director, President (current) Jun 2024 Appointed Trustee of Coop Sapporo (current) Jun 2025 Appointed Trustee (part-time) of the Japan Design Promotion Institute (current)

1971-08-08

Masatoshi ARIMURA

Director, Audit and Supervisory Committee Member

Apr 1982 Joined The Mitsui Bank, Limited (current Sumitomo Mitsui Banking Corporation) Jan 2009 Appointed Director of SMBC Loan Advisor Co., Ltd. Jun 2013 Appointed Director of SMBC Credit Guarantee Co., Ltd. Jun 2014 Appointed Outside Audit & Supervisory Board Member of SMBC Green Service Co., Ltd. Jun 2019 Appointed Senior Managing Director of SMBC Credit Guarantee Co., Ltd. Nov 2020 Appointed Outside Audit & Supervisory Board Member of the Company Jul 2021 Appointed Supervisor of Jing Zi (Shanghai) Enterprise Management Co., Ltd. (current) Oct 2022 Appointed Audit & Supervisory Board Member of Yamato Technical Co., Ltd. (current) Jan 2023 Appointed Supervisor of Taiwan Jins Co., Ltd. Nov 2024 Appointed Outside Director, Audit and Supervisory Committee Member of the Company (current)

1958-01-13

Tetsuya OI

Director, Audit and Supervisory Committee Member

Oct 2001 Registered as an attorney-at-law and joined TMI Associates Aug 2007 Trainee at Carlsmith Ball LLP (U.S.) Jan 2011 Appointed Partner of TMI Associates (current) Nov 2013 Appointed Outside Audit & Supervisory Board Member of the Company Jul 2014 Appointed Outside Audit & Supervisory Board Member of Market Enterprise Co., Ltd. (current) Sep 2016 Appointed Outside Director, Audit and Supervisory Committee Member of TechFirm Holdings Inc. (current) Dec 2019 Appointed Representative Director of TMI Privacy & Security Consulting Co., Ltd. (current) Jul 2022 Appointed Outside Director, Audit and Supervisory Committee Member of Image Magic Co., Ltd. (current) Nov 2024 Appointed Outside Director, Audit and Supervisory Committee Member of the Company (current)

1972-01-05

Yuya OTA

Director, Audit and Supervisory Committee Member

Apr 1998 Joined Yasuda Trust & Banking Co., Ltd. (current Mizuho Trust & Banking Co., Ltd.) Oct 2001 Joined Deloitte Touche Tohmatsu LLC (formerly Tohmatsu & Co.) Feb 2005 Appointed Representative Director and President of Spiral & Company, Inc. (current) Mar 2005 Registered as a Certified Public Accountant and opened Yuya Ota CPA Office Mar 2006 Registered as a Certified Tax Accountant Jun 2006 Appointed Representative Partner of Spiral Certified Tax Accountant Corporation (current) Oct 2015 Appointed Audit & Supervisory Board Member of E-Store Inc. Nov 2017 Appointed Outside Audit & Supervisory Board Member of the Company Nov 2024 Appointed Outside Director, Audit and Supervisory Committee Member of the Company (current)

1975-12-16

Large Shareholding Reports

Goldman Sachs Asset Management International

2026-10-07

3.04%→2.65%

Goldman Sachs Asset Management International

2026-09-25

3.04%

Sumitomo Mitsui Banking Corporation

2025-12-22

0.63%→0.63%

SMBC Nikko Securities Inc.

2025-09-05

3.51%

Taiyo Pacific Partners L.P.

2023-07-13

5.16%→4.14%

Taiyo Pacific Partners L.P.

2023-06-22

6.16%→5.16%

Taiyo Pacific Partners L.P.

2022-04-15

6.16%

Taiyo Pacific Partners L.P.

2022-01-05

3.24%

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-10-09

Full-Year Earnings Flash

FY ending Aug 2026

JINS HOLDINGS Inc.

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JINS HOLDINGS Inc.

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