Overview
Chemicals

IVY COSMETICS CORPORATION

The company is engaged in the manufacturing and sale of cosmetics and quasi-drugs, distributed exclusively through a direct-sales (door-to-door) channel. It operates through a network of 242 independent sales companies (as of March 2025), which employ Beauty Managers (sales staff) and IVY Mates (members) to reach end consumers. Core product categories include skincare (featuring flagship series such as 'IVY Prestige' and 'IVY Cosmos II'), makeup ('Thurie' series), haircare ('Hair Primary' series), and beauty appliances/health foods.

Market Cap
¥1.89B
US$12.0M
EV
¥1.09B
US$6.97M
Stock¥300▼-2.28%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.1
x
LTM EV/EBIT
5.1
x
LTM PER
9.8
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-34.3%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 7, 26Quarterly earnings announced
2Oct 9, 26Raised FY operating profit forecast ¥330M→¥390M; H1 forecast ¥150M→¥210M
MC → EV Bridge
1.89BUS$12.0MMarket Cap0.37BUS$2.34M+ Debt1.16BUS$7.40M− Cash0.00BUS$0.00M− Inv. Sec.1.09BUS$6.97MEV
AI Briefing
Generating insights…
Performance & Balance
Revenue 5Y (¥B)
3.53US$22.5M'22/32.94US$18.8M'23/32.71US$17.3M'24/32.93US$18.7M'25/32.64US$16.8M'26/3
EBITDA 5Y (¥B)
0.17US$1.08M'22/30.03US$0.21M'23/30.23US$1.48M'24/30.47US$2.98M'25/30.24US$1.56M'26/3
Net Income 5Y (¥B)
0.04US$0.26M'22/3-0.38-US$2.45M'23/30.16US$1.02M'24/30.04US$0.27M'25/30.16US$1.05M'26/3
Capital Structure
86%
EquityD/E 0.16xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
0.13US$0.83M1.05US$6.68M'22/30.25US$1.58M0.74US$4.75M'23/30.21US$1.33M0.42US$2.65M'24/30.58US$3.69M0.21US$1.35M'25/31.04US$6.66M0.28US$1.77M'26/3
Shareholders
Top 10 hold 34.9%
1
Shirogane Sha Co., Ltd.
16.92%
2
Breeze Co., Ltd.
3.34%
3
IVY COSMETICS CORPORATION Business Partners' Stock Ownership Association
2.42%
4
Eiki ANDO
2.14%
5
Emiko SHIROGANE
1.89%
6
Hideo ANDO
1.80%
7
Koji SHIROGANE
1.73%
8
Ivy Kyoeikai
1.69%
9
Ueda Yagi Tanshi Co., Ltd.
1.63%
10
Kazuya YAMAZAKI
1.34%
Management
9 officers
Emiko SHIROGANE
Director, Chairman of the Board
Nov 1980 Appointed Director of the Company Feb 1991 Appointed Representative Director, President Jul 1992 Appointed Representative Director, Chairman Feb 1996 Appointed Director, Chairman of the Board (current)
1939-02-20
Koji SHIROGANE
Representative Director, President
Feb 1985 Joined the Company Nov 1986 Appointed Director Jul 1992 Appointed Managing Director Feb 1996 Appointed Senior Managing Director Apr 1997 Appointed Representative Director, Executive Vice President Jan 2001 Appointed Representative Director, President (current)
1966-04-30
Kiyohito NAKAYAMA
Managing Director, General Manager, Management Administration Department
Apr 2002 Joined the Company Oct 2005 Manager, Accounting Department, Finance & IR Group Jul 2007 Executive Officer, in charge of Management Planning Group, concurrently Manager, General Affairs Department Oct 2011 General Manager, Finance Division, concurrently General Manager, IR Office May 2013 General Manager, Management Administration Department Aug 2014 General Manager, Accounting Department May 2015 Executive Officer Jun 2016 Appointed Director May 2017 Appointed Managing Director Oct 2018 Director Apr 2022 Director, General Manager, Management Administration Department Apr 2023 Director, executive in charge of Administration Department, Human Resources Department and Customer Relations Office, concurrently General Manager, Management Administration Department Jun 2025 Managing Director, executive in charge of Administration Department, Human Resources Department and Customer Relations Office, concurrently General Manager, Management Administration Department Apr 2026 Managing Director, executive in charge of Administration Department, Human Resources Department and Customer Relations Office, concurrently Manager, Management Administration Department (current)
1965-12-15
Kazunori EGAWA
Managing Director, General Manager, Sales Division; General Manager, Corporate Planning Office
Apr 1989 Joined the Company Apr 2003 Executive Officer, Manager, Production and Information Systems Department Oct 2003 Executive Officer, General Manager, Sales Strategy Division, concurrently Manager, Production and Information Systems Department and Manager, Education Department Apr 2004 Executive Officer, General Manager, Sales Strategy Division, concurrently Manager, Sales Planning Department Jun 2004 Appointed Director Jun 2006 Resigned as Director; Executive Officer, Deputy General Manager, Sales and Beauty Education Division Apr 2011 Executive Officer, Deputy General Manager, Education Division Apr 2012 Executive Officer, General Manager, Planning Department, Planning Division May 2013 General Manager, Corporate Planning Office, concurrently General Manager, PR Planning Department May 2015 Executive Officer, General Manager, Sales Division, concurrently General Manager, PR Planning Department Apr 2016 Executive Officer, Deputy General Manager, Sales Division, concurrently General Manager, East Japan Business Division Apr 2018 Executive Officer, Sales Division, General Manager, East Japan Business Division Oct 2018 Executive Officer, General Manager, Sales Division Jun 2019 Appointed Director Apr 2022 Director, General Manager, Corporate Planning Office Apr 2023 Director, executive in charge of PR Planning Department, Misato Plant and Production Management Department, concurrently General Manager, Corporate Planning Office Apr 2024 Director, General Manager, Sales Division, executive in charge of PR Planning Department, Misato Plant and Production Management Department, concurrently General Manager, Corporate Planning Office Apr 2025 Director, General Manager, Sales Division, executive in charge of Misato Plant and Production Management Department, concurrently General Manager, Corporate Planning Office Jun 2025 Managing Director, General Manager, Sales Division, executive in charge of Misato Plant and Production Management Department, concurrently Manager, Corporate Planning Office Apr 2026 Managing Director, General Manager, Sales Division, executive in charge of Misato Plant and Production Management Department, concurrently Manager, Corporate Planning Office (current)
1966-05-07
Kazuko SHIROGANE
Managing Director
Oct 2006 President and Representative Director, iPlatina Co., Ltd. Mar 2014 Resigned as President and Representative Director, iPlatina Co., Ltd. Jun 2021 Appointed Director Mar 2023 Director, executive in charge of Product Planning Department Oct 2024 Director, executive in charge of Planning Department Jun 2025 Managing Director, executive in charge of Planning Department (current) Significant concurrent position: Director, Shirogane Sha Co., Ltd.
1964-01-26
Yu NOMOTO
Director
Sep 1982 Joined the Company Jun 2002 Appointed Director Apr 2004 Advisor Apr 2006 Executive Officer, Manager, President's Office Jun 2006 Appointed Director Jun 2007 Appointed Managing Director, General Manager, Planning and Administration Division Apr 2009 Managing Director, General Manager, Sales Division Apr 2010 Managing Director, General Manager, Sales and Beauty Division Apr 2012 Managing Director May 2013 Director, executive in charge of Marketing Department, concurrently Manager, Marketing Department Jun 2015 Appointed Managing Director, executive in charge of Marketing Department, concurrently Manager, Marketing Department Apr 2016 Managing Director, General Manager, Sales Division, executive in charge of Marketing Department, concurrently Manager, Marketing Department May 2017 Appointed Senior Managing Director, General Manager, Sales Division Apr 2018 Senior Managing Director, General Manager, Sales Management Division, concurrently Manager, Sales Management Department Oct 2018 Managing Director, in charge of President's Office Mar 2019 Resigned as Managing Director Jun 2019 Full-time Audit & Supervisory Board Member Jun 2022 Director (Audit and Supervisory Committee Member) Jun 2023 Appointed Director, executive in charge of President's Office, concurrently executive in charge of Sales Division Apr 2024 Director, executive in charge of Education Department May 2025 Director, executive in charge of Beauty Education Department Apr 2026 Director (current)
1956-08-05
Takanori OGATA
Outside Director (Full-time Audit and Supervisory Committee Member)
Apr 1982 Registered as attorney-at-law Apr 1987 Opened Ogata Sogo Law Office (renamed Liberty Law Office in Mar 2003); Head of Office (current) Apr 2003 Managing Executive Officer, Resolution and Collection Corporation Jun 2007 Resigned from Resolution and Collection Corporation Oct 2007 Audit & Supervisory Board Member of the Company Jun 2018 Outside Director, Nihon Felt Co., Ltd. (current) Jun 2022 Appointed Director (Audit and Supervisory Committee Member) of the Company Jun 2023 Appointed Full-time Audit and Supervisory Committee Member of the Company (current)
1951-08-20
Keiji NAKAYAMA
Outside Director (Audit and Supervisory Committee Member)
Sep 1989 Joined Sammy Industries Co., Ltd. Jun 1993 Director, Head of President's Office, Sammy Industries Co., Ltd. Jun 2005 Director and Vice President, Sega Sammy Holdings Inc. Jun 2007 Representative Director and Vice President, Sega Sammy Holdings Inc. May 2008 Representative Director, President (COO), Sammy Corporation Apr 2012 Representative Director, Vice Chairman (CEO), Sammy Corporation Jun 2013 Director and Advisor, Sega Sammy Holdings Inc. Jan 2014 Resigned from Sega Sammy Holdings Inc. Jan 2014 Representative Director, President, K-Hive Co., Ltd. (current) Jun 2015 Appointed Outside Director of the Company Feb 2016 Representative Director, Chairman and CEO, Hilights Entertainment Co., Ltd. Apr 2018 Resigned from Hilights Entertainment Co., Ltd. Jun 2022 Appointed Director (Audit and Supervisory Committee Member) of the Company (current)
1942-07-23
Tsukasa WADA
Outside Director (Audit and Supervisory Committee Member)
Nov 1995 Joined Seiyu Audit Corporation May 1998 Registered as Certified Public Accountant Nov 2004 Member, Seiyu Audit Corporation Jun 2012 Representative Member, Seiyu Audit Corporation (current) Jun 2015 Audit & Supervisory Board Member of the Company Jun 2022 Appointed Director (Audit and Supervisory Committee Member) of the Company (current)
1964-12-20
Large Shareholding Reports
Long Corridor Asset Management Limited
2026-08-24
17.83%
Mita Securities Co., Ltd.
2025-10-07
5.86%→3.52%
Mita Securities Co., Ltd.
2025-09-19
6.86%→5.86%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-24
Large Shareholding Report
EDINET
2026-08-05
Securities Registration Statement
TDnet
2026-08-05
Q1 Earnings Flash
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-10
Q3 Earnings Flash
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-07
Large Shareholding Report
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-06
Q1 Earnings Flash
EDINET
2025-06-30
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-10
Q3 Earnings Flash
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2024-08-06
Securities Registration Statement
TDnet
2024-08-06
Q1 Earnings Flash
EDINET
2024-06-28
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
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-30
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
2022-06-30
Annual Securities Report
EDINET
2022-02-16
Securities Registration Statement
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-30
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
Ask AI
I have this company's financials, ownership, and management on hand. Ask me anything from an M&A perspective.
End of Preview

Try the full product

Free demo (no time limit, up to 10 companies). Explore Comps, DCF, LBO, WACC on every screen. Excel export is on the paid plan.

Free Demo (No Time Limit, 10 Companies) →