Overview
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Cypress Holdings Co.,Ltd.

The company operates a multi-brand restaurant group primarily across the Tokyo metropolitan area and select regions from Tohoku to Kyushu, running 126 directly managed restaurants under 36 brands as of August 2025. Its flagship brand, 'Tsukiji Shokudo Gen-chan,' offers fresh seafood-based Japanese cuisine including kaisendon (seafood rice bowls) and set meals, leveraging a proprietary procurement system sourcing directly from Toyosu Market and regional fish markets. The group pursues a multi-brand strategy encompassing Japanese cuisine, gourmet conveyor-belt sushi ('ABURI Hyakkan'), charcoal-grilled yakitori (franchise), noodles, cafes, food courts, prepared foods, and catering services.

Market Cap
¥22.1B
US$141M
EV
¥28.3B
US$181M
Stock¥1,728▲+5.88%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
15.3
x
LTM EV/EBIT
33.3
x
LTM PER
28.8
x
LTM PBR
7.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+123.1%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Sep 28, 26Full-year guidance raised & deferred tax asset recognition lifts net profit from ¥520M to ¥790M
2Oct 8, 26Full-year FY2026/08 earnings announced
MC → EV Bridge
22.1BUS$141MMarket Cap7.23BUS$46.1M+ Debt1.01BUS$6.45M− Cash0.00BUS$0.00M− Inv. Sec.28.3BUS$181MEV
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Performance & Balance
Revenue 5Y (¥B)
8.82US$56.2M'23/810.3US$65.4M'24/811.3US$72.0M'25/812.9US$82.1M'26/8
EBITDA 5Y (¥B)
1.72US$11.0M'25/81.85US$11.8M'26/8
Net Income 5Y (¥B)
0.02US$0.11M'23/80.17US$1.08M'24/80.44US$2.78M'25/80.77US$4.89M'26/8
Capital Structure
30%
70%
EquityD/E 2.29xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
'23/86.59US$42.0M'24/80.89US$5.70M6.90US$44.0M'25/81.01US$6.45M7.23US$46.1M'26/8
Shareholders
Top 10 hold 75.5%
1
EAM Co., Ltd.
44.95%
2
Marunouchi Capital No. 2 Investment Limited Partnership
19.19%
3
Toshiya AZUMA
4.94%
4
Mitsubishi UFJ eSmart Securities Co., Ltd.
2.08%
5
Asahi Breweries, Ltd.
2.00%
6
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
0.66%
7
Nomura Securities Co., Ltd.
0.60%
8
JP JPMSE LUX RE UBS AG LONDON BRANCH EQ CO (Standing Proxy: MUFG Bank, Ltd.)
0.55%
9
MARUNOUCHI GLOBAL FUND II L.P. (Standing Proxy: Daiwa Securities Co. Ltd.)
0.31%
10
JPMorgan Securities Japan Co., Ltd.
0.24%
Management
10 officers
Toshiya AZUMA
Representative Director, President
Apr 1983 Joined Parc Co., Ltd. Nov 1993 Founded "Kushi Emon" Apr 1994 Cypress Co., Ltd., Representative Director, President (assumed office) Feb 2012 Fantabarore Co., Ltd., Representative Director (assumed office) Aug 2012 EAM Co., Ltd., Director (assumed office) Nov 2019 EAM Co., Ltd., Representative Director (assumed office) Jul 2023 Cypress Co., Ltd., Representative Director, Chairman (assumed office) (current) Jun 2024 The Company, Representative Director, President (assumed office) (current)
1960-04-27
Kazuhiko OZAWA
Senior Managing Director
Apr 1983 Joined Kyoritsu Construction Co., Ltd. Apr 1986 Joined Ozawa Housing Co., Ltd. Mar 1997 Joined Cypress Co., Ltd. Apr 2000 Cypress Co., Ltd., Managing Director and General Manager of Corporate Planning Division (assumed office) Oct 2015 Cypress Co., Ltd., Senior Managing Director (assumed office) Sep 2020 Cypress Co., Ltd., Vice President and Director (assumed office) Jul 2023 Cypress Co., Ltd., Representative Director, President (assumed office) (current) Jun 2024 The Company, Senior Managing Director (assumed office) (current)
1960-04-19
Tadashi MATSUSHITA
Outside Director
Apr 1987 Entered the Legal Training and Research Institute of the Supreme Court of Japan (41st Class) Apr 1989 Joined Tokyo Aoyama Law Office Jan 1998 Joined GE Yokogawa Medical Systems, Ltd. (now GE Healthcare Japan Corporation) Jan 1999 GE Yokogawa Medical Systems, Ltd., Director (assumed office) Mar 2003 General Electric Japan Co., Ltd. (now GE Japan), Vice President and Director (assumed office) Sep 2005 Fast Retailing Co., Ltd., Director (assumed office) Jul 2010 Siemens Japan K.K., Director (assumed office) Mar 2011 Kokuyo Co., Ltd., Director and Managing Executive Officer (assumed office) May 2015 Adastria Co., Ltd. (now &ST HD Co., Ltd.), Director and Chief Operating Officer (assumed office) Mar 2017 Adastria Co., Ltd., Representative Director and Chief Operating Officer (assumed office) Jul 2018 Cypress Co., Ltd., Outside Director (assumed office) Jan 2020 Okinawa Institute of Science and Technology Graduate University, Vice President and Chief Legal Counsel (assumed office) Feb 2020 Registered with the Okinawa Bar Association Apr 2020 afterFIT Co., Ltd. (now Shirokuma Denryoku Co., Ltd.), Outside Director (assumed office) Jun 2021 Daito Trust Construction Co., Ltd., Outside Audit & Supervisory Board Member (assumed office) Aug 2021 Tehara Sangyo Soko Co., Ltd., Outside Audit & Supervisory Board Member (assumed office) (current) Apr 2023 Ajira Co., Ltd., Outside Audit & Supervisory Board Member (assumed office) (current) Jun 2023 Daito Trust Construction Co., Ltd., Full-time Outside Director, Audit and Supervisory Committee Member and Chair of the Audit and Supervisory Committee (assumed office) (current) Jun 2024 The Company, Outside Director (assumed office) (current)
1960-07-28
Akihiro KATSUYAMA
Outside Director
Apr 1972 Joined Yonemiya Co., Ltd. Apr 1973 Joined Royal Space Planning Co., Ltd. Sep 1977 Established Katsuyama Design Office May 1987 Fukudaya Yofuku-ten Co., Ltd. (now &ST HD Co., Ltd.), Director (assumed office) May 2009 Point Co., Ltd. (now &ST HD Co., Ltd.), Director and Senior Advisor (assumed office); Trinity Arts Co., Ltd. (now &ST HD Co., Ltd.), Advisor (assumed office) May 2010 Trinity Arts Co., Ltd., Chairman of the Board (assumed office) Sep 2013 Adastria Co., Ltd. (now &ST HD Co., Ltd.), Senior Advisor (assumed office) Jun 2018 Sakiya Create Co., Ltd., Advisor (assumed office) Nov 2021 Cypress Co., Ltd., Outside Director (assumed office) Mar 2024 Adastria Co., Ltd. (now &ST HD Co., Ltd.), Advisor (assumed office) Jun 2024 The Company, Outside Director (assumed office) (current)
1948-11-13
Shohei FUKUZAKI
Outside Director
Apr 1999 Joined Nippon Kogyo Bank, Ltd. (now Mizuho Bank, Ltd.) Aug 2003 Joined Global Management Directions, Inc. (now KPMG FAS Co., Ltd.) May 2004 Joined Nihon Sangyo Partners, Inc. Sep 2007 Joined Goldman Sachs Securities Co., Ltd. Jan 2009 Joined Marunouchi Capital Ltd. May 2011 Seijo Ishii Co., Ltd., Director (assumed office) Apr 2016 Joined Marunouchi Capital Co., Ltd. Apr 2018 M.I. Food Style Co., Ltd., Director (assumed office) Sep 2019 Cypress Co., Ltd., Director (assumed office) Dec 2019 Graniph Co., Ltd., Director (assumed office) (current) Aug 2021 Miuraya Co., Ltd., Director (assumed office) Nov 2021 Misuzu Life Co., Ltd., Director (assumed office) (current) Apr 2022 AKOMEYA TOKYO Co., Ltd., Director (assumed office) (current) Nov 2022 Marunouchi Capital Co., Ltd., Director (assumed office) (current) Apr 2024 Toa Trading Co., Ltd., Director (assumed office) (current) Apr 2024 Toa Food Service Co., Ltd., Director (assumed office) (current) Jun 2024 The Company, Outside Director (assumed office) (current)
1976-06-29
Masahiko OKUMI
Outside Director
Apr 2007 Joined McKinsey & Company, Inc. Japan Nov 2009 Joined Innovation Network Corporation of Japan (INCJ) Jul 2016 Joined Marunouchi Capital Co., Ltd. (current) Apr 2018 M.I. Food Style Co., Ltd., Audit & Supervisory Board Member (assumed office) Apr 2021 Graniph Co., Ltd., Director (assumed office) Aug 2021 Miuraya Co., Ltd., Director (assumed office) Apr 2022 AKOMEYA TOKYO Co., Ltd., Director (assumed office) (current) Aug 2022 Cypress Co., Ltd., Outside Director (assumed office) Apr 2024 Toa Trading Co., Ltd., Director (assumed office) (current) Apr 2024 Toa Food Service Co., Ltd., Director (assumed office) (current) Jun 2024 The Company, Outside Director (assumed office) (current)
1983-05-13
Masayoshi MIYANAGA
Outside Director
Apr 1981 Joined The Nippon Credit Bank, Ltd. (now Aozora Bank, Ltd.) Feb 1990 Seconded to Nippon Credit Investment Advisory Co., Ltd. Oct 1991 Seconded to Nippon Credit Gartmore Ltd. (UK) Apr 1995 Joined Schroder Investment Management Japan Ltd. (now Schroder Investment Management Ltd.) Apr 2000 Schroder Investment Management Japan Ltd., Director (assumed office) Jan 2001 Joined Prudential Asset Management Japan Ltd. (now PGIM Japan Co., Ltd.) as Chief Investment Officer, Equities Nov 2003 Joined IRB Co., Ltd. (now Falcon Consulting Co., Ltd.) as Co-Managing Partner Nov 2011 IRB Co., Ltd., Representative Director (assumed office) Apr 2017 Falcon Consulting Co., Ltd., Director (assumed office) (current) Apr 2017 Tokyo University of Science Graduate School of Innovation Management (now Graduate School of Management), Professor Apr 2023 Chuo University Graduate School of Strategic Management, Specially Appointed Professor (assumed office) (current) Jun 2023 S.T Corporation, Outside Director (assumed office) (current) Jun 2024 Daiichi Kogyo Seiyaku Co., Ltd., Outside Audit & Supervisory Board Member (assumed office) (current) Nov 2025 The Company, Outside Director (assumed office) (current)
1958-06-03
Toru IKEDA
Standing Audit & Supervisory Board Member
Apr 1991 Joined Kyowa Saitama Bank, Ltd. (now Resona Bank, Ltd.) Oct 2017 Joined Cypress Co., Ltd. as General Manager of Corporate Planning Office May 2018 Cypress Co., Ltd., Executive Officer in charge of Finance and Corporate Planning (assumed office) Nov 2021 Cypress Co., Ltd., Full-time Audit & Supervisory Board Member (assumed office) Jun 2024 The Company, Standing Audit & Supervisory Board Member (assumed office) (current) Jun 2024 Cypress Co., Ltd., Audit & Supervisory Board Member (assumed office) (current)
1967-04-23
Masayuki HARAGUCHI
Outside Audit & Supervisory Board Member (Non-Standing)
Apr 1996 Registered as Certified Public Accountant Apr 2000 Registered as Attorney at Law Jan 2004 Opened Haraguchi Sogo Law Office (now Eiwa Law Office), Representative (current) Jun 2008 Waseda Academy Co., Ltd., Outside Audit & Supervisory Board Member (assumed office) Oct 2011 MRT Co., Ltd., Outside Audit & Supervisory Board Member (assumed office) (current) Feb 2016 Transas Co., Ltd. (now Trus On Product Co., Ltd.), Outside Director (Audit and Supervisory Committee Member) (assumed office) (current) Jun 2017 Waseda Academy Co., Ltd., Outside Director (Audit and Supervisory Committee Member) (assumed office) (current) Nov 2022 Cypress Co., Ltd., Outside Audit & Supervisory Board Member (assumed office) Jun 2024 The Company, Outside Audit & Supervisory Board Member (assumed office) (current)
1961-05-09
Mari HACHINO
Outside Audit & Supervisory Board Member (Non-Standing)
Apr 1997 Joined Meiwa Estate Co., Ltd. Dec 2004 Joined Chuo Aoyama Audit Corporation Jun 2006 Joined PwC Aarata Audit Corporation (now PwC Japan LLC) Aug 2011 Joined Nakano Accounting Office Jun 2016 Opened Mari Hachino CPA Office, Representative (assumed office) (current) Mar 2023 Ajira Co., Ltd., Full-time Outside Audit & Supervisory Board Member (assumed office) (current) Nov 2024 The Company, Outside Audit & Supervisory Board Member (assumed office) (current)
1974-08-03
Large Shareholding Reports
Marunouchi Capital Co., Ltd.
2025-11-07
22.15%→19.19%
Marunouchi Capital Co., Ltd.
2025-10-16
22.15%
EAM Co., Ltd.
2025-10-10
44.95%
Annual report (as of 2026-02-28): 44.95%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-07
Full-Year Earnings Flash
FY ending Aug 2026
TDnet
2026-07-10
Q3 Earnings Flash
FY ending Aug 2026
EDINET
2026-04-10
Semi-Annual Securities Report
Period: Sep 2025 – Aug 2026
TDnet
2026-01-14
Q1 Earnings Flash
FY ending Aug 2026
EDINET
2025-11-28
Annual Securities Report
Period: Sep 2024 – Aug 2025
EDINET
2025-11-07
Large Shareholding Report
EDINET
2025-10-16
Large Shareholding Report
EDINET
2025-10-10
Large Shareholding Report
EDINETAmended
2025-09-30
Amended Securities Registration Statement
EDINETAmended
2025-09-24
Amended Securities Registration Statement
EDINET
2025-09-09
Securities Registration Statement
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