Overview
Retail Trade

Vega corporation Co.,Ltd.

Vega Corporation operates online furniture and interior goods retailing in Japan under multiple store brands—most notably LOWYA, which offers high-quality products at affordable prices—across its own website as well as major e-commerce marketplaces including Rakuten, Amazon, and Yahoo! Shopping. The company follows a vertically integrated, product-planning-to-retail (D2C) model, sourcing directly from factories in China, Southeast Asia, and Europe to maintain competitive pricing, while also expanding into wholesale and company-operated physical stores (9 locations as of April 2025). In addition, the company operates DOKODEMO, a cross-border e-commerce platform that delivers Japanese products to consumers in over 120 countries and regions worldwide.

Market Cap
¥16.0B
US$102M
EV
¥13.4B
US$85.7M
Stock¥1,502▼-4.45%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.9
x
LTM EV/EBIT
9.3
x
LTM PER
17.2
x
LTM PBR
2.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-31.1%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
16.0BUS$102MMarket Cap0.00BUS$0.00M+ Debt2.42BUS$15.5M− Cash0.11BUS$0.71M− Inv. Sec.13.4BUS$85.7MEV
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Performance & Balance
Revenue 5Y (¥B)
16.8US$107M'22/317.0US$108M'23/316.1US$102M'24/315.9US$102M'25/318.1US$116M'26/3
EBITDA 5Y (¥B)
0.75US$4.81M'22/30.51US$3.27M'23/30.92US$5.90M'24/31.13US$7.22M'25/31.60US$10.2M'26/3
Net Income 5Y (¥B)
0.38US$2.44M'22/30.12US$0.77M'23/30.39US$2.51M'24/30.59US$3.77M'25/30.88US$5.64M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.37US$8.77M1.00US$6.38M'22/32.08US$13.3M'23/31.84US$11.7M'24/31.93US$12.3M'25/32.01US$12.8M'26/3
Shareholders
Top 10 hold 84.4%
1
Altair Co., Ltd.
33.55%
2
Tomokazu UKIJO
26.75%
3
Nomura Trust and Banking Co., Ltd. (Investment Trust Account)
5.48%
4
Custody Bank of Japan, Ltd. (Trust Account)
4.74%
5
The Master Trust Bank of Japan, Ltd. (Trust Account)
3.76%
6
Takeo TESHIMA
3.67%
7
THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD - SINGAPORE BRANCH PRIVATE BANKING DIVISION A/C CLIENTS (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
2.34%
8
Kazuhiro KAWABATA
1.70%
9
Hiroki YOSHIDA
1.51%
10
Custody Bank of Japan, Ltd. (Trust Account E)
0.90%
Management
6 officers
Tomokazu UKIJO
Representative Director, President
Jul 2004 Appointed Representative Director, Vega Corporation Ltd. (now the Company) Jul 2004 Appointed Representative Director, Vega Corporation Ltd. (now the Company) (current)
1976-11-25
Kazuhiro KAWABATA
Director, General Manager of Management Administration Division
Mar 2004 Joined Nikkei Business Agent Co., Ltd. Jul 2005 Joined Hama Engineering Co., Ltd. Jan 2012 Joined the Company Jan 2013 General Manager, General Affairs and Human Resources Department, the Company Jul 2015 Appointed Director, General Manager of Management Administration Division, the Company (current)
1982-01-28
Hiroki YOSHIDA
Director, General Manager of LOWYA Business Division and Head of Human Resources Office
Apr 2008 Joined Recruit Co., Ltd. Jan 2018 Joined the Company Executive Officer, General Manager of Human Resources Division, the Company Oct 2022 Appointed Executive Officer, General Manager of Sales and Human Resources Division, the Company Mar 2023 Completed the Industrial Management program, Graduate School of Economics, Kyushu University (Master of Business Administration, MBA) Apr 2024 Appointed Executive Officer, General Manager of LOWYA Business Division and Head of Human Resources Office, the Company Jun 2024 Appointed Director, General Manager of LOWYA Business Division and Head of Human Resources Office, the Company (current)
1984-01-21
Toshiyuki KUBO
Director (Full-time Audit and Supervisory Committee Member)
Apr 1980 Joined The Nishi-Nippon Bank, Ltd. (now The Nishi-Nippon City Bank, Ltd.), Shimonoseki Branch Jun 2003 Branch Manager, Waijiro Branch, The Nishi-Nippon Bank, Ltd. Feb 2005 Deputy General Manager, Operations Group, Kurume Sales Department, The Nishi-Nippon Bank, Ltd. May 2008 Branch Manager, Nishi-Shinchuo Branch, The Nishi-Nippon Bank, Ltd. Apr 2011 General Manager, General Affairs and Head of Human Resources, Nishi-Nippon Yuko Shoji Co., Ltd. Apr 2018 Joined I.K.K. Co., Ltd. (now I.K.K. Holdings Co., Ltd.) Jan 2019 Appointed Full-time Audit & Supervisory Board Member, I.K.K. Co., Ltd. Jan 2020 Appointed Director (Full-time Audit and Supervisory Committee Member), I.K.K. Co., Ltd. Nov 2020 Appointed Audit & Supervisory Board Member, I.K.K. Co., Ltd. Jun 2025 Appointed Outside Director (Full-time Audit and Supervisory Committee Member), the Company (current)
1957-07-29
Toshiaki SANO
Director (Audit and Supervisory Committee Member)
Dec 2009 Registered as Attorney-at-Law (Fukuoka Bar Association) Jan 2010 Joined The Nishi-Nippon City Bank, Ltd. Jan 2012 Joined Kitahama Law Office Jan 2016 Appointed Partner Attorney, Kitahama Law Office (current) Jul 2019 Appointed Audit & Supervisory Board Member, NCB Capital Investment Co., Ltd. Mar 2020 Completed the Industrial Management program, Graduate School of Economics, Kyushu University (Master of Business Administration, MBA) May 2020 Appointed Audit & Supervisory Board Member, NCB Venture Capital Co., Ltd. (current) Mar 2022 Appointed Audit & Supervisory Board Member, NCB Capital Co., Ltd. Jun 2023 Appointed Outside Director (Audit and Supervisory Committee Member), the Company (current) Mar 2026 Appointed Director, NCB Capital Co., Ltd. (current)
1978-11-20
Katsuya EGUCHI
Director (Audit and Supervisory Committee Member)
Apr 1990 Joined Kyushu Matsushita Electric Co., Ltd. Oct 1995 Joined Deloitte Touche Tohmatsu (now Deloitte Touche Tohmatsu LLC) Apr 1999 Registered as Certified Public Accountant Sep 2006 Opened Katsuya Eguchi CPA Office (current) Oct 2006 Registered as Certified Tax Accountant Nov 2006 Appointed Outside Audit & Supervisory Board Member, Yamaya Communications Co., Ltd. (current) Jun 2010 Appointed Chairman, Saga Chapter, Northern Kyushu Branch, Japanese Institute of Certified Public Accountants Jun 2023 Appointed Outside Director (Audit and Supervisory Committee Member), the Company (current)
1966-04-29
Large Shareholding Reports
Altair Co., Ltd.
2026-10-21
33.74%→33.49%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 33.55%
Altair Co., Ltd.
2026-10-14
33.74%→33.49%
Annual report (as of 2026-03-31): 33.55%
Nomura Asset Management Co., Ltd.
2025-10-06
4.54%→5.59%
Nomura Asset Management Co., Ltd.
2025-09-19
4.54%
Disclosures
No disclosures
Primary Source Filings
EDINETAmended
2026-10-21
Change Report
EDINET
2026-10-14
Large Shareholding Report
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-06
Large Shareholding Report
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Sep 2024
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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