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Overview
Textiles and Apparels

ICHIKAWA CO.,LTD.

Market Cap
¥15.1B
EV
¥1.07B
Stock¥3,600+5.26%
LTM EV/EBITDA
0.4
x
LTM EV/EBIT
0.6
x
LTM PER
11.6
x
LTM PBR
0.6
x
2026-08-25 closing price basis: ranked #144 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-0B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+51.3%pt
1001234
Sep 8, 25Sep 7, 26StockTOPIX
1Nov 14, 25Q2 results: recurring profit -18.3% YoY; dividend raised ¥80→¥90
2Jan 16, 26Activist investor shareholding reduction
3Jan 27, 26Rise from activist management improvement demand
4Feb 13, 26Q3 results: sales +1.7% YoY, operating profit +20.0% YoY
MC → EV Bridge
15.1BMarket Cap0.88B+ Debt6.33B− Cash8.63B− Inv. Sec.1.07BEV
AI Briefing
Generating insights…
Performance & Balance
Revenue 5Y (¥B)
12.4'22/313.3'23/313.6'24/313.9'25/314.8'26/3
EBITDA 5Y (¥B)
1.55'22/31.80'23/32.13'24/32.04'25/32.54'26/3
Net Income 5Y (¥B)
0.52'22/30.83'23/31.02'24/30.78'25/31.17'26/3
Capital Structure
96%
EquityD/E 0.04xDebt
Liquidity vs Debt 5Y (¥B) Net Cash
CashInv. Sec.Debt
8.150.98'22/39.470.94'23/312.00.91'24/312.10.93'25/313.40.88'26/3
Shareholders
Top 10 hold 40.7%
1
王子ホールディングス株式会社
9.47%
2
日本製紙株式会社
4.57%
3
イチカワ従業員持株会
4.19%
4
株式会社みずほ銀行
4.01%
5
株式会社千葉銀行
3.99%
6
株式会社日本カストディ銀行(信託E口)
3.69%
7
眞嶋 洋
3.03%
8
光通信KK投資事業有限責任組合
2.83%
9
株式会社ナチュラリ
2.73%
10
日本証券金融株式会社
2.18%
Management
11 officers
Takanobu YAZAKI
Representative Director, President & CEO
Sep. 1985: Joined the Company. Jun. 2005: President, Ichikawa Europe GmbH. Jun. 2012: General Manager, Overseas Sales Division; concurrently President, Ichikawa North America Corporation; and General Manager, Yizhijia Papermaking Dewatering Materials Trading (Shanghai) Co., Ltd. Apr. 2014: General Manager, Overseas Sales Division; concurrently General Manager, Yizhijia Papermaking Dewatering Materials Trading (Shanghai) Co., Ltd. Jun. 2014: Executive Officer, General Manager of Overseas Sales Division; concurrently General Manager, Yizhijia Papermaking Dewatering Materials Trading (Shanghai) Co., Ltd. Apr. 2015: Executive Officer, Assistant to Sales Division Head; concurrently General Manager, Overseas Sales Division and Director & General Manager, Yizhijia Papermaking Dewatering Materials Trading (Shanghai) Co., Ltd. Apr. 2016: Executive Officer, Head of Sales Division; concurrently General Manager, Overseas Sales Division. Jun. 2016: Director, Head of Sales Division; concurrently General Manager, Overseas Sales Division and Senior Managing Executive Officer. Apr. 2017: Director, Head of Sales Division; concurrently Senior Managing Executive Officer. Apr. 2018: Director, Head of Sales Division; concurrently General Manager, Overseas Administration Division and Senior Managing Executive Officer. Apr. 2019: Director, Head of Sales Division; concurrently Senior Managing Executive Officer. Jan. 2020: Director, Head of Overseas Division; concurrently Senior Managing Executive Officer. Jun. 2021: Director, Head of Overseas Division; concurrently in charge of Ichikawa Techno Fabrics Co., Ltd. and Senior Managing Executive Officer. Jun. 2023: Representative Director, President & CEO (current).
1961-10-28
Wataru KOBORI
Director, Head of Technology Division & Senior Managing Executive Officer
Apr. 1988: Joined the Company. Apr. 2013: Deputy General Manager, Technology Division. Apr. 2015: Director, Development Research Institute; concurrently Deputy General Manager, Technology Division. Jun. 2015: Executive Officer, Director of Development Research Institute; concurrently Deputy General Manager, Technology Division. Jun. 2016: Executive Officer, Director of Development Research Institute. Jun. 2017: Executive Officer, Assistant to Head of Technology Division; concurrently Director of Development Research Institute and in charge of Technology Management Division. Apr. 2018: Executive Officer, Head of Technology Division; concurrently Assistant to Head of Asia Business Division. Jun. 2018: Director, Head of Technology Division; concurrently Assistant to Head of Asia Business Division and Senior Managing Executive Officer. Jan. 2020: Director, Head of Domestic Division; concurrently Senior Managing Executive Officer. Jun. 2020: Director, Head of Domestic Division; concurrently Head of Technology Division and Senior Managing Executive Officer. Feb. 2021: Director, Head of Domestic Division; concurrently Senior Managing Executive Officer. Jun. 2023: Director, Head of Production Division; concurrently Senior Managing Executive Officer. Apr. 2025: Director, Head of Technology Division; concurrently Senior Managing Executive Officer (current).
1965-09-22
Hiroyuki TOYAMA
Director, Head of General Affairs Division; in charge of Planning Division & Quality Assurance Division; in charge of Ichikawa Techno Fabrics Co., Ltd.; Senior Managing Executive Officer
Apr. 1988: Joined The Chiba Bank, Ltd. Apr. 2017: Joined the Company; General Manager, Human Resources Division. Apr. 2018: General Manager, Planning Division. Jun. 2020: Executive Officer, General Manager of Planning Division; concurrently General Manager, General Affairs Division. Apr. 2021: Executive Officer, General Manager of Planning Division; concurrently General Manager, Human Resources Division. Apr. 2022: Executive Officer, General Manager, Human Resources Division. Jun. 2022: Director, Head of General Affairs Division; concurrently in charge of Planning Division & Quality Assurance Division, General Manager of Human Resources Division, and Senior Managing Executive Officer. Jun. 2023: Director, Head of Sales Division; concurrently Senior Managing Executive Officer. Jun. 2024: Director, Head of Sales Division; concurrently General Manager, Overseas Sales Headquarters and Senior Managing Executive Officer. Apr. 2025: Director, Head of Sales Division; concurrently Senior Managing Executive Officer. Jun. 2025: Director, Head of General Affairs Division; concurrently in charge of Planning Division & Quality Assurance Division, in charge of Ichikawa Techno Fabrics Co., Ltd., and Senior Managing Executive Officer (current).
1964-11-19
Masanori MOROKAWA
Director, Head of Production Division & New Business; Senior Managing Executive Officer
Apr. 1986: Joined the Company. Apr. 2013: General Manager, Production Engineering Division. Apr. 2015: Plant Manager, Kashiwa Plant. Jun. 2015: Executive Officer, Plant Manager of Kashiwa Plant. Apr. 2016: Executive Officer, General Manager of Production Engineering Division. Jun. 2017: Executive Officer, Assistant to Head of Production Division; concurrently Plant Manager, Iwama Plant and General Manager, Production Engineering Division. Apr. 2020: Executive Officer, General Manager, Production Engineering Division. Jul. 2020: Executive Officer, General Manager, Production Engineering Division; concurrently Director, ICP Promotion Office. Apr. 2022: Executive Officer, General Manager, Planning Division. Jun. 2023: Senior Managing Executive Officer, General Manager of Planning Division. Jun. 2024: Director, Head of Technology Division; concurrently Senior Managing Executive Officer. Apr. 2025: Director, Head of Production Division & New Business; concurrently Senior Managing Executive Officer (current).
1963-04-17
Hajime YOSHIMURA
Director, Head of Sales Division; General Manager, Domestic Sales Headquarters & Overseas Sales Headquarters; General Manager, Domestic Sales Division; President, Ichikawa Europe GmbH; Senior Managing Executive Officer
Apr. 1986: Joined the Company. Apr. 2009: Deputy General Manager, Sales Division. Oct. 2014: President, Ichikawa Europe GmbH. Jul. 2019: General Manager, Asia Planning & Sales Division. Oct. 2020: General Manager, Overseas Sales & Technology Division. Jun. 2021: Executive Officer, General Manager of Overseas Sales & Technology Division. Apr. 2022: Executive Officer, Assistant to Head of Domestic Division; concurrently Assistant to Head of Overseas Division and General Manager, Sales Planning Division. Jun. 2023: Executive Officer, General Manager, Sales Headquarters; concurrently General Manager, Sales Planning Division. Jun. 2024: Executive Officer, General Manager, Domestic Sales Headquarters; concurrently General Manager, Sales Planning Division. Apr. 2025: Executive Officer, General Manager, Domestic Sales Headquarters & Overseas Sales Headquarters; concurrently General Manager, Domestic Sales Division and President, Ichikawa Europe GmbH. Jun. 2025: Director, Head of Sales Division; concurrently General Manager, Domestic Sales Headquarters & Overseas Sales Headquarters, General Manager, Domestic Sales Division, President, Ichikawa Europe GmbH, and Senior Managing Executive Officer (current).
1963-06-06
Hiroki NAGAOKA
Director (Non-executive)
Jul. 1977: Joined Sanwa Tokyo Marunouchi Audit Corporation (currently Deloitte Touche Tohmatsu LLC). Mar. 1979: Registered as Certified Public Accountant. Nov. 1990: Office Managing Partner, Shizuoka Office, Deloitte Touche Tohmatsu LLC. Jun. 2004: Member, Management Committee; concurrently Assistant Regional Managing Partner, Tokyo Office & East Japan Regional Office Coordinator, Deloitte Touche Tohmatsu LLC. Jun. 2007: Assistant Block Managing Partner, East Japan Block, Deloitte Touche Tohmatsu LLC. Oct. 2010: Head, Total Services Division, Deloitte Touche Tohmatsu LLC. Oct. 2013: Head, Middle Market Promotion Division, Deloitte Touche Tohmatsu LLC. Jul. 2016: Advisor, Paramount Bed Holdings Co., Ltd. (current). Jun. 2018: Director (Non-executive), the Company (current).
1953-07-09
Ryota HONSHO
Director (Non-executive)
Apr. 1972: Joined Itochu Corporation. Apr. 2001: Asia General Representative; concurrently President, Itochu Hong Kong Ltd. Jun. 2002: Executive Officer, Itochu Corporation. Jun. 2004: Representative Director & President, Itochu Management Consulting Co., Ltd. Jun. 2005: Representative Director & President, Japan Foods Co., Ltd. Jun. 2015: Chairman of the Board, Japan Foods Co., Ltd. Jun. 2022: Director (Non-executive), the Company (current).
1948-07-17
Itsuko FUKUDA
Director (Non-executive)
Apr. 1984: Joined Toshiba Corporation. Apr. 2015: General Manager, Quality Assurance Division, Komukai Operations, Toshiba Corporation. Jul. 2017: General Manager, Quality Assurance Division, Komukai Operations, Toshiba Infrastructure Systems & Solutions Corporation. Mar. 2018: Joined Tokyo Electronic Systems Corporation. Jun. 2018: Representative Director & President, Tokyo Electronic Systems Corporation. Oct. 2019: Representative Director & President, Toshiba Electronic Systems Corporation. Oct. 2022: Director, General Manager of Systems Division & General Manager of Sales Division, Toshiba Denpa Technology Co., Ltd. Jun. 2024: Outside Director, Shinko Industries, Ltd. (current); Director (Non-executive), the Company (current). Jun. 2025: Outside Director (Audit & Supervisory Committee Member), IT FORUM Corp. (current).
1962-02-05
Takashi HIRAMA
Audit & Supervisory Board Member (Full-time)
Apr. 1985: Joined the Company. Apr. 2015: Deputy General Manager, Quality Assurance Division. Apr. 2018: General Manager, Quality Assurance Division. Apr. 2020: Plant Manager, Kashiwa Plant. Jun. 2020: Executive Officer, Plant Manager of Kashiwa Plant. Mar. 2021: Executive Officer, Plant Manager of Kashiwa Plant; concurrently Director, Kashiwa Plant Operations Office. Apr. 2022: Executive Officer, General Plant Manager. Jun. 2023: Full-time Audit & Supervisory Board Member (current).
1963-01-31
Masato DENAWA
Audit & Supervisory Board Member (Non-executive)
Apr. 1990: Registered as Attorney-at-Law (Dai-ichi Tokyo Bar Association); joined Okishin & Ishihara Law Office (currently Spring Law Office). Jan. 1999: Partner Attorney, Spring Law Office. Jun. 2000: Audit & Supervisory Board Member, Kinkan-do Co., Ltd. Apr. 2002: Part-time Lecturer, Faculty of Law, Keio University. Jul. 2007: Director, Advice Link Co., Ltd. Sep. 2007: Supervisory Director, Japan Prime Realty Investment Corporation (current). Apr. 2009: Part-time Lecturer, Keio University Graduate School of Law (Law School). Apr. 2011: Civil Litigation Advocacy Instructor, Legal Training and Research Institute of the Supreme Court of Japan. Apr. 2013: Senior Civil Litigation Advocacy Instructor, Legal Training and Research Institute of the Supreme Court of Japan. Apr. 2014: Part-time Lecturer, Keio University Graduate School of Law (Law School). Jun. 2015: Audit & Supervisory Board Member (Non-executive), the Company (current). Feb. 2021: Member, Disaster Compensation Review Committee, Supreme Court of Japan (current). Jun. 2021: Outside Audit & Supervisory Board Member, BML, Inc. (current). Jan. 2025: Executive Advisor Attorney, Spring Law Office (current).
1964-02-05
Takako OKADA
Audit & Supervisory Board Member (Non-executive)
Oct. 1992: Joined Tohmatsu & Co. (currently Deloitte Touche Tohmatsu LLC). Apr. 1996: Registered as Certified Public Accountant. Sep. 2004: Transferred to Tax Corporation Tohmatsu (currently Deloitte Touche Tohmatsu Tax Co., Ltd.). Nov. 2011: Registered as Certified Tax Accountant. Jan. 2019: Established Takako Okada CPA & Tax Accountant Office; Representative (current). Jun. 2019: Audit & Supervisory Board Member (Non-executive), the Company (current). Mar. 2020: Outside Audit & Supervisory Board Member, Kenedix, Inc.; concurrently Audit & Supervisory Board Member, Kenedix Real Estate Fund Management, Inc. Jun. 2021: Outside Director (Audit & Supervisory Committee Member), Nihon Kanri Center Co., Ltd. Jan. 2023: Outside Audit & Supervisory Board Member, RUN.EDGE Inc. (current). Apr. 2023: Outside Director (Audit & Supervisory Committee Member), Nihon Kanri Holdings Co., Ltd. (current). Mar. 2025: Outside Director (Audit & Supervisory Committee Member), Skylark Holdings Co., Ltd. (current).
1965-09-11
Large Shareholding Reports
株式会社みずほ銀行
2026-09-07
3.54%3.54%
Annual report (as of 2026-03-31): 4.01%
株式会社ナチュラリ
2026-06-12
4.28%4.46%
Annual report (as of 2026-03-31): 2.73%
株式会社ナチュラリ
2026-05-08
2.65%4.28%
Annual report (as of 2026-03-31): 2.73%
株式会社ナチュラリ
2026-04-02
2.41%2.65%
Annual report (as of 2026-03-31): 2.73%
株式会社みずほ銀行
2026-03-23
3.54%3.54%
Annual report (as of 2026-03-31): 4.01%
植島 幹九郎
2026-03-11
0.00%2.54%
日本製紙株式会社
2025-12-02
6.70%4.02%
Annual report (as of 2026-03-31): 4.57%
株式会社みずほ銀行
2025-08-07
3.54%3.54%
Annual report (as of 2026-03-31): 4.01%
Disclosures
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