Overview
Retail Trade

TOKYO ICHIBAN FOODS CO.,LTD.

Tokyo Ichiban Foods operates a vertically integrated seafood restaurant and distribution business, running approximately 63 locations across Greater Tokyo under brands including 'Torafugu-tei' (live tiger pufferfish cuisine), 'Sakana no Meshi' (fresh fish and sushi), 'Sakana-oh KUNI' (sushi and seafood), 'Sushi Tsune' (artisan sushi), and 'WOKUNI' (seafood restaurant in New York). The company pursues sixth-sector industrialization by combining in-house aquaculture (tiger pufferfish and bluefin tuna) through subsidiary Nagasaki Farm, wholesale/distribution, processing, and restaurant operations to control quality and reduce supply chain costs. Its competitive strengths lie in vertically integrated SCM capabilities, a large in-house roster of licensed fugu chefs, and the use of self-farmed fish to hedge against market price volatility.

Market Cap
¥4.03B
US$25.7M
EV
¥5.98B
US$38.1M
Stock¥451▼-0.44%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
15.8
x
LTM EV/EBIT
29.9
x
LTM PER
60.1
x
LTM PBR
2.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-21.5%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
4.03BUS$25.7MMarket Cap3.01BUS$19.2M+ Debt1.06BUS$6.75M− Cash0.00BUS$0.00M− Inv. Sec.5.98BUS$38.1MEV
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Performance & Balance
Revenue 5Y (¥B)
4.52US$28.8M'21/96.06US$38.7M'22/97.26US$46.3M'23/97.45US$47.5M'24/97.25US$46.2M'25/9
EBITDA 5Y (¥B)
-1.04-US$6.63M'21/9-0.30-US$1.90M'22/90.20US$1.30M'23/90.32US$2.05M'24/90.35US$2.25M'25/9
Net Income 5Y (¥B)
0.02US$0.11M'21/90.12US$0.77M'22/90.11US$0.70M'23/90.04US$0.25M'24/90.08US$0.48M'25/9
Capital Structure
38%
62%
EquityD/E 1.65xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.04US$6.64M2.35US$15.0M'21/91.83US$11.6M2.21US$14.1M'22/91.48US$9.43M1.99US$12.7M'23/90.94US$5.97M1.81US$11.5M'24/90.81US$5.18M3.09US$19.7M'25/9
Shareholders
Top 10 hold 46.0%
1
Naniwa Co., Ltd.
29.34%
2
Daichi SAKAMOTO
12.36%
3
Tadahitsu YOSHIKAWA
1.06%
4
Yohei SAKAMOTO
0.81%
5
TOKYO ICHIBAN FOODS CO.,LTD. Employee Stock Ownership Association
0.77%
6
Masashi EMOTO
0.45%
7
Yuko INO
0.34%
8
Kazuko IWANARI
0.33%
9
Kazunori INOUE
0.33%
10
Akira URASAKI
0.22%
Management
9 officers
Daichi SAKAMOTO
Representative Director, President and General Manager of Sales Division
Nov 1990 Participated in the opening of a pufferfish restaurant Oct 1996 Opened Torafugu-tei restaurant Oct 1998 Established Tokyo Ichiban Foods Co., Ltd. (now the Company); assumed office as Director Sep 1999 Appointed Representative Director of Tokyo Ichiban Foods Co., Ltd. Sep 2000 Appointed Representative Director, President of the Company (current) Dec 2001 Assumed office as Director of Shinjuku Kagyo Co., Ltd. (now Nagasaki Farm Co., Ltd.) (current) Oct 2016 President, Ichiban Foods Inc. (current) Jun 2020 Established Sushi Jo Co., Ltd.; appointed Representative Director (current) Aug 2023 President, Ichiban Foods Broadway Inc. (current)
1967-12-19
Yoji KAWAHARA
Director
Jul 2001 Representative Director, Senior Managing Director, Link One Inc. Apr 2002 Appointed Representative Director, President, Link One Inc. Jun 2008 Opened Yoji Kawahara Office; assumed role as representative Apr 2009 Established T&K Management Systems Inc.; assumed office as Director May 2012 Appointed Representative Director, President, T&K Management Systems Inc. (current) Dec 2013 Assumed office as Director of the Company (current) Nov 2019 Established Fun&Co. Inc.; appointed Representative Director (current) Jun 2020 Assumed office as Director of Sushi Jo Co., Ltd. (current) Apr 2024 Assumed office as Director of EVER BREW Co., Ltd. (current) Dec 2025 Appointed Senior Managing Director of the Company (current)
1965-11-30
Tadahitsu YOSHIKAWA
Managing Director, General Manager of Product Division
Oct 1994 Joined a pufferfish restaurant Oct 1998 Joined Tokyo Ichiban Foods Co., Ltd. (now the Company) Jan 2004 Assumed office as Director of Shinjuku Kagyo Co., Ltd. (now Nagasaki Farm Co., Ltd.) Mar 2006 Appointed Representative Director, President of Shinjuku Kagyo Co., Ltd. (current) Jun 2009 Executive Officer of the Company Dec 2010 Director, General Manager of Product Division and General Manager of External Sales Division of the Company Nov 2014 Assumed office as Director of Shokuen Co., Ltd. Jun 2017 Resigned as Director of Shokuen Co., Ltd. Dec 2018 Managing Director, General Manager of Product Division of the Company (current)
1975-12-26
Toyoshi MAEDA
Director
Feb 1983 Joined Nikko Securities Co., Ltd. (now SMBC Nikko Securities Inc.) Dec 1998 Appointed Shinbashi Branch Manager, Nikko Securities Co., Ltd. Mar 2004 Appointed Head of Main Office, Nikko Securities Co., Ltd. Feb 2007 Executive Officer, Head of Tokyo Third Corporate Business Division, Nikko Securities Co., Ltd. Mar 2013 Managing Director, Nikko IR Co., Ltd. Sep 2018 Appointed Representative Director, President, Nikko IR Co., Ltd. Mar 2021 Resigned from Nikko IR Co., Ltd. Jun 2021 Advisor to the Company Jun 2021 Outside Director, Irom Group Co., Ltd. Dec 2021 Assumed office as Director of the Company (current) May 2025 Audit & Supervisory Board Member, Irom Group Co., Ltd. (current)
1961-02-06
Miki UMEHARA
Director
Apr 1999 Joined International Business Machines Corporation (Japan), Ltd. Dec 2007 Joined Keiei Kyosou Kiban Inc. Jun 2016 Outside Director, Via Holdings Inc. Oct 2019 Managing Director, Keiei Kyosou Kiban Inc. May 2020 Executive Officer, Nihon Kyosou Platform Inc. Dec 2024 Assumed office as Director of the Company (current) May 2025 Managing Director, Kyushinkai General Incorporated Foundation (current)
1976-09-16
Takashi YASUDA
Director
Jan 1994 Joined Pico Co., Ltd. Dec 1997 Served as branch head of Pico Co., Ltd.'s Hong Kong and other branches Sep 2002 Founded Nippon TeamWise Co., Ltd. (now NTW Inc.) in Shinjuku, Tokyo; appointed Representative (current) Nov 2004 Established NTW Shenzhen in Shenzhen, China Apr 2009 Established NTW Korea in Korea (closed Dec 2009) Jun 2015 Established local subsidiary NTWVN in Bac Ninh Province, Vietnam Jun 2017 Established local subsidiary NTW Philippines in Laguna Technopark, Philippines Sep 2024 Reached final agreement to transfer shares to ICAPE Holding S.A., a French listed company Dec 2025 Assumed office as Director of the Company (current)
1969-09-19
Kenichi SHIMIZU
Full-time Statutory Auditor
Apr 1977 Joined Nikko Securities Co., Ltd. (now SMBC Nikko Securities Inc.) Feb 2006 Managing Director, Head of Fourth General Corporate Business Division, Nikko Securities Co., Ltd. Mar 2010 Senior Managing Executive Officer, Head of Western Japan Corporate Business Division, Nikko Securities Co., Ltd. Apr 2011 Appointed Representative Director, President, Nikko Business Systems Inc. Apr 2014 Advisor to the Company Dec 2015 Assumed office as Full-time Statutory Auditor of the Company (current) Apr 2016 Statutory Auditor, Imura Envelope Co., Ltd. (current)
1954-11-30
Kenichiro MATSUDA
Statutory Auditor
Oct 1989 Joined Chuo Audit Corporation Apr 2000 Established Certified Public Accountant Kenichiro Matsuda Office (current) Mar 2006 Assumed office as Statutory Auditor of the Company Dec 2012 Resigned as Statutory Auditor of the Company Dec 2015 Assumed office as Statutory Auditor of the Company (current)
1965-08-11
Tsuyoshi OMORI
Statutory Auditor
Apr 1995 Joined Japan Energy Corporation Apr 1999 Legal Department, Japan Energy Corporation Dec 2000 Seconded to Gould Electronics Inc. (Ohio, USA) Sep 2002 Legal Department, Japan Energy Corporation Oct 2004 Registered as attorney-at-law; joined Umegae Chuo Law Office Dec 2008 Partner, Umegae Chuo Law Office LPC Dec 2015 Outside Statutory Auditor, Kairikiya Co., Ltd. (current) Jan 2017 Representative Partner, Umegae Chuo Law Office LPC (current) Dec 2024 Assumed office as Statutory Auditor of the Company (current)
1969-02-22
Large Shareholding Reports
Naniwa Co., Ltd. (Representative Director: Daichi SAKAMOTO)
2026-10-05
29.00%→29.00%
Naniwa Co., Ltd. (Representative Director: Daichi SAKAMOTO)
2026-04-06
29.00%→29.00%
Naniwa Co., Ltd.
2025-10-06
29.00%
Annual report (as of 2026-03-31): 29.34%
Naniwa Co., Ltd. (Representative Director: Daichi SAKAMOTO)
2025-10-06
29.00%→29.00%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-05
Large Shareholding Report
EDINET
2026-05-15
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
EDINET
2026-04-06
Large Shareholding Report
TDnet
2026-02-13
Q1 Earnings Flash
EDINET
2025-12-25
Annual Securities Report
Period: Oct 2024 – Sep 2025
EDINETAmended
2025-10-08
Change Report
EDINET
2025-10-06
Large Shareholding Report
TDnet
2025-08-12
Q3 Earnings Flash
EDINET
2025-05-14
Semi-Annual Securities Report
Period: Oct 2024 – Mar 2025
TDnet
2025-02-14
Q1 Earnings Flash
EDINET
2024-12-26
Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINET
2024-05-02
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-05
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-12-27
Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-27
Annual Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-12-27
Annual Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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