Overview
Retail Trade

Maruchiyo Yamaokaya Corporation

Maruchiyo Yamaokaya operates a chain of directly managed ramen specialty restaurants under the brand 'Ramen Yamaokaya,' with 188 locations (including new-format stores) as of January 31, 2025. Stores are concentrated along major arterial roads in Hokkaido, Kanto, Tohoku, and Tokai regions, with all locations operating 24 hours a day on a fully company-owned basis. The company's direct-ownership model enables consistent quality, service, and cleanliness standards across all locations while allowing flexible store scrap-and-build strategies.

Market Cap
¥93.1B
US$594M
EV
¥89.0B
US$568M
Stock¥4,760▼-11.52%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
15.0
x
LTM EV/EBIT
17.1
x
LTM PER
22.8
x
LTM PBR
8.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+46.8%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 10, 25Strong performance in Q2 earnings
2Dec 15, 25Upward revision of next year guidance
MC → EV Bridge
93.1BUS$594MMarket Cap1.47BUS$9.36M+ Debt5.44BUS$34.7M− Cash0.12BUS$0.78M− Inv. Sec.89.0BUS$568MEV
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Performance & Balance
Revenue 5Y (¥B)
15.1US$96.4M'22/118.7US$119M'23/126.5US$169M'24/134.6US$221M'25/143.0US$274M'26/1
EBITDA 5Y (¥B)
0.71US$4.52M'22/10.95US$6.04M'23/12.63US$16.7M'24/14.33US$27.6M'25/15.35US$34.1M'26/1
Net Income 5Y (¥B)
0.39US$2.46M'22/10.41US$2.63M'23/11.43US$9.13M'24/12.83US$18.1M'25/13.69US$23.5M'26/1
Capital Structure
88%
EquityD/E 0.13xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.55US$9.86M2.35US$15.0M'22/12.16US$13.8M2.95US$18.8M'23/12.81US$17.9M2.60US$16.6M'24/14.03US$25.7M2.45US$15.6M'25/16.28US$40.0M1.82US$11.6M'26/1
Shareholders
Top 10 hold 54.1%
1
Tadashi YAMAOKA
17.76%
2
MY Corporation Co., Ltd.
13.71%
3
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
5.48%
4
NGC Co., Ltd.
3.66%
5
Seizaburo WAKASUGI
2.68%
6
Eriko YAMAOKA
2.58%
7
Satoshi ICHIYU
2.16%
8
Wakou Shokuhin Co.,Ltd.
2.06%
9
Sanwa Co., Ltd.
2.02%
10
Ohashi Seimenjo Co., Ltd.
2.02%
Management
8 officers
Satoshi ICHIYU
Representative Director, President
Mar 1994 Joined Maruchiyo Shoji Co., Ltd. Mar 1997 Director, Sales Department Manager, Maruchiyo Shoji Co., Ltd. Feb 2002 Director, Sales Department Manager, the Company Sep 2007 Director, Kanto Sales Department Manager, the Company Mar 2008 Director, Purchasing Department Manager, the Company Jun 2010 Director, General Manager of Human Resources and General Affairs Department and Head of Corporate Planning Office, the Company Aug 2011 Director, Head of Corporate Planning Office and Deputy Head of Sales Division, the Company Feb 2012 Director, Head of Sales Division, the Company Sep 2012 Director, Head of Sales Division and General Manager of First Sales Department, the Company Feb 2013 Senior Managing Director, Head of Sales Division and General Manager of First Sales Department, the Company Mar 2017 Senior Managing Director, Head of Sales Division, the Company Apr 2021 Representative Director, President and Head of Sales Division, the Company Feb 2023 Representative Director, President, the Company (current)
1970-06-25
Kenichi ARAYA
Director, Head of Sales Division
Apr 2004 Joined the Company Sep 2009 Supervisor, Kanto No. 2 Sales Department, Sales Division, the Company Aug 2011 General Manager, West Japan Sales Department, Sales Division, the Company Sep 2012 General Manager, No. 2 Sales Department, Sales Division, the Company Apr 2015 General Manager, Human Resources Development Department, Administration Division, the Company Apr 2017 Director, Head of Administration Division and General Manager of Human Resources Development Department, the Company Feb 2021 Director, Head of Administration Division, the Company Feb 2023 Director, Head of Sales Division, the Company (current)
1979-01-08
Shoichi OSHIMA
Director, Head of Corporate Planning Office
Oct 2002 Joined the Company Apr 2009 Section Manager, Human Resources Development Team, Human Resources and General Affairs Department, the Company Aug 2011 Supervisor, West Japan Sales Department, the Company Feb 2013 Supervisor, No. 2 Sales Department, the Company Aug 2014 Deputy Head of Corporate Planning Office, the Company Apr 2017 Head of Corporate Planning Office, the Company Apr 2024 Director, Head of Corporate Planning Office, the Company (current)
1979-04-23
Kaoru YOSHIMURA
Director, General Manager of Hokkaido Sales Department
Apr 2001 Joined Netz Toyota Donan Co., Ltd. Mar 2005 Joined the Company Sep 2017 Supervisor, Hokkaido Sales Department, the Company Aug 2020 Supervisor, No. 2 Sales Department, the Company Aug 2021 General Manager, No. 3 Sales Department, the Company Feb 2024 General Manager, Hokkaido Sales Department, the Company Apr 2026 Director, General Manager of Hokkaido Sales Department, the Company (current)
1980-09-17
Yasumichi MINAMIHATA
Director (Note 1)
Apr 1995 Joined Chiyoda Fire & Marine Insurance Co., Ltd. (currently Aioi Nissay Dowa Insurance Co., Ltd.) Apr 2001 Joined ORIX Corporation Feb 2007 Joined Hachijuni Bank, Ltd. May 2021 Advisor, the Company May 2022 Director, the Company (current) Sep 2024 Joined Nagano Prefectural Credit Union (current)
1972-03-19
Naoyuki SAKAMOTO
Director, Audit and Supervisory Committee Member (Note 1)
Apr 1979 Joined Kuwazawa Co., Ltd. Jul 1987 Joined Kabuto Otomo Construction Co., Ltd. Apr 1995 Joined Sapporo Clinical Laboratory Center Co., Ltd. Mar 2002 Representative Director, SCC Consulting Co., Ltd. (current) Apr 2016 Corporate Auditor, the Company Apr 2018 Director, Audit and Supervisory Committee Member, the Company (current)
1959-03-16
Seshinori SAITO
Director, Audit and Supervisory Committee Member (Note 1)
Apr 1980 Joined Hokkaido Mazda Sales Co., Ltd. Jan 1989 Joined Nakamichi Lease Co., Ltd. Mar 1995 Registered as Certified Tax Accountant; Representative, Seshinori Saito Tax Accountant Office Apr 2002 Representative Director, Oval Management Co., Ltd. (current) Apr 2011 Corporate Auditor, the Company May 2016 Senior Partner, Oval Tax Corporation (current) Apr 2018 Director, Audit and Supervisory Committee Member, the Company (current)
1956-08-28
Tsuyoshi WATANABE
Director, Audit and Supervisory Committee Member (Note 1)
Mar 1991 Joined Kabuto Decom Co., Ltd. Mar 1993 Transferred to Richfield Co., Ltd. Sep 2000 Registered as Judicial Scrivener; Head of Judicial Scrivener Tsuyoshi Watanabe Office Apr 2018 Director, Audit and Supervisory Committee Member, the Company (current) Jul 2018 Partner, NTS General Judicial Scrivener Corporation (current) Dec 2024 Outside Corporate Auditor, TRUSTA Co., Ltd. (current)
1967-05-23
Large Shareholding Reports
Capital Research and Management Company
2026-07-07
7.09%→7.59%
Capital Research and Management Company
2026-05-22
6.32%→7.09%
Capital Research and Management Company
2026-05-12
5.45%→6.32%
Capital Research and Management Company
2026-03-23
5.45%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-14
Semi-Annual Securities Report
Period: Feb 2026 – Jan 2027
TDnet
2026-09-11
Q2 Earnings Flash
FY ending Jan 2027
EDINET
2026-07-07
Large Shareholding Report
TDnet
2026-06-12
Q1 Earnings Flash
FY ending Jan 2027
EDINET
2026-05-22
Large Shareholding Report
EDINET
2026-05-12
Large Shareholding Report
EDINET
2026-04-30
Annual Securities Report
Period: Feb 2025 – Jan 2026
EDINET
2026-03-23
Large Shareholding Report
TDnet
2025-12-12
Q3 Earnings Flash
FY ending Jan 2026
EDINET
2025-09-16
Semi-Annual Securities Report
Period: Feb 2025 – Jan 2026
TDnet
2025-06-13
Q1 Earnings Flash
FY ending Jan 2026
EDINET
2025-04-25
Annual Securities Report
Period: Feb 2024 – Jan 2025
TDnet
2024-12-13
Q3 Earnings Flash
FY ending Jan 2025
EDINET
2024-09-17
Semi-Annual Securities Report
Period: Feb 2024 – Jan 2025
EDINET
2024-06-14
Quarterly Securities Report
Period: Feb 2024 – Apr 2024
TDnet
2024-06-10
Q1 Earnings Flash
FY ending Jan 2025
EDINET
2024-04-30
Annual Securities Report
Period: Feb 2023 – Jan 2024
EDINET
2023-12-15
Quarterly Securities Report
Period: Aug 2023 – Oct 2023
EDINET
2023-09-14
Quarterly Securities Report
Period: May 2023 – Jul 2023
EDINET
2023-06-14
Quarterly Securities Report
Period: Feb 2023 – Apr 2023
EDINET
2023-04-28
Annual Securities Report
Period: Feb 2022 – Jan 2023
EDINET
2022-12-15
Quarterly Securities Report
EDINET
2022-09-14
Quarterly Securities Report
EDINET
2022-06-14
Quarterly Securities Report
EDINET
2022-04-28
Annual Securities Report
EDINET
2021-12-15
Quarterly Securities Report
EDINET
2021-09-14
Quarterly Securities Report
EDINET
2021-06-14
Quarterly Securities Report
EDINET
2021-04-30
Annual Securities Report
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