Overview
Chemicals

Shinnihonseiyaku Co.,Ltd.

Shin Nihon Seiyaku is a Japanese direct-to-consumer beauty and healthcare company primarily known for its flagship skincare brand 'PERFECT ONE,' whose all-in-one beauty gel series holds the Guinness World Record as the world's No.1 selling facial moisturizing gel brand and has achieved 90 million cumulative units sold. The company develops and sells cosmetics, health foods (including functional foods and supplements), and pharmaceuticals through mail-order/direct sales, retail wholesale (drugstores, GMS, variety shops), and expanding overseas channels in the US, Taiwan, and Malaysia. Its competitive strengths lie in its multi-functional, simplified skincare proposition, proprietary collagen research, and a robust direct sales model anchored by subscription-based repeat purchasing.

Market Cap
¥42.8B
US$273M
EV
¥22.9B
US$146M
Stock¥2,020▲+0.05%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.6
x
LTM EV/EBIT
4.9
x
LTM PER
13.0
x
LTM PBR
1.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-31.1%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
42.8BUS$273MMarket Cap0.17BUS$1.05M+ Debt18.1BUS$115M− Cash1.99BUS$12.7M− Inv. Sec.22.9BUS$146MEV
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Performance & Balance
Revenue 5Y (¥B)
33.9US$216M'21/936.1US$230M'22/937.7US$240M'23/940.0US$255M'24/941.1US$262M'25/9
EBITDA 5Y (¥B)
3.82US$24.4M'21/93.85US$24.5M'22/94.08US$26.0M'23/94.46US$28.5M'24/95.10US$32.5M'25/9
Net Income 5Y (¥B)
2.32US$14.8M'21/92.36US$15.0M'22/92.39US$15.3M'23/92.80US$17.8M'24/92.55US$16.3M'25/9
Capital Structure
99%
EquityD/E 0.01xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
14.0US$89.5M2.24US$14.3M'21/914.8US$94.5M1.84US$11.7M'22/915.8US$101M0.45US$2.84M'23/916.7US$106M0.25US$1.61M'24/919.6US$125M0.08US$0.48M'25/9
Shareholders
Top 10 hold 67.2%
1
Eijiro YAMADA
19.36%
2
Lapuris Co., Ltd.
14.07%
3
Emi YAMADA
13.83%
4
Shin Nihon Advanced Medical Research Foundation (Public Interest Foundation)
8.21%
5
The Master Trust Bank of Japan, Ltd. (Trust Account)
5.90%
6
Takahiro GOTO
3.59%
7
STATE STREER BANK AND TRUST COMPANY 510355 (Standing Proxy: Mizuho Bank, Ltd.)
0.57%
8
Shinnihonseiyaku Co.,Ltd. Employee Stock Ownership Association
0.55%
9
Sagawa Printing Co., Ltd.
0.55%
10
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
0.54%
Management
7 officers
Takahiro GOTO
Representative Director, President and CEO
Jul 1995 Joined Shin Nihon Living Co., Ltd. (now the Company) Sep 1998 Manager, the Company Dec 2005 Representative Director and President, the Company Apr 2014 Director, Shin Nihon Holdings Co., Ltd. (now the Company) Mar 2016 Representative Director and President, Shin Nihon Pharmaceutical Co., Ltd. (now the Company) Sep 2021 Representative Director and Chairman, Flat Craft Co., Ltd. Dec 2021 Representative Director, President and CEO, the Company (current)
1971-01-16
Mitsuyoshi FUKUHARA
Senior Managing Director and COO
May 1991 Joined Marukan Unso Co., Ltd. (limited liability company) May 1994 Joined Cosmic Co., Ltd. (now Yumemitsuketai Co., Ltd.) May 2005 Director, Hot Communication Co., Ltd. Apr 2010 Joined JIMOS Co., Ltd. Apr 2013 Joined the Company Apr 2013 Deputy Manager, Direct Marketing Business Division, the Company Apr 2014 Deputy Manager, Marketing Business Division, the Company Apr 2015 Manager, Mail-Order Business Headquarters, the Company Oct 2016 Manager, Mail-Order Business Division and Manager, Business Promotion Business Division, the Company Dec 2016 Director and Manager, Mail-Order Business Division, the Company Feb 2019 Director and Executive Officer, Manager, Sales Department, the Company Dec 2019 Managing Director, the Company Dec 2021 Chairman, Flat Craft Co., Ltd. Dec 2021 Senior Managing Director and COO, the Company (current) Dec 2022 President, Representative Director, Flat Craft Co., Ltd. Jul 2023 President, PERFECT ONE US Co., Ltd. (current)
1972-03-18
Sachiyo YASUDA
Director (Note 1)
Apr 1992 Joined Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) Apr 1999 Sales Manager, Human Resources General Services Department, Recruit Co., Ltd. Apr 2008 Manager, Metropolitan Area Sales Department, HR Company, Recruit Co., Ltd. Apr 2009 General Manager, New Product Planning Division, Recruit Co., Ltd. Apr 2010 Manager, Tokai Sales Department, HR Company, Recruit Co., Ltd. Apr 2012 Manager, Tokai and Kansai Sales Department, New Graduate Business Division, Recruit Co., Ltd. Apr 2013 Concurrently Manager, Tokai and Kansai Sales Department, Assessment Business Division, Recruit Co., Ltd. Apr 2014 Executive Officer, New Graduate Business Division, Recruit Career Co., Ltd. (now Recruit Co., Ltd.) May 2019 Joined exaWizards Inc. as Executive Officer Mar 2022 Outside Director, CL Holdings Co., Ltd. (current) Nov 2022 Director, LegalOn Technologies, Inc. (current) Dec 2023 Director, the Company (current)
1969-09-17
Asako MINAMITANI
Director (Note 1)
Oct 2002 Joined Shin Nihon Audit Corporation (now EY Shin Nihon LLC), Fukuoka Office Oct 2016 Opened Minamitani Asako Certified Public Accountant Office (now Minamitani Asako Certified Public Accountant and Tax Accountant Office), Director (current) Apr 2017 Auditor (part-time), Ohnojo Madokapia Public Interest Foundation (current) Apr 2018 Auditor (part-time), Fukuoka Women's University, Public Corporation (current) Sep 2020 Auditor (part-time), Saga University, National University Corporation (current) Jun 2024 Audit and Supervisory Committee Member, Yamau Holdings Co., Ltd. (current) Jun 2024 Auditor (part-time), Hisayama Research Institute for Lifestyle Diseases, Public Interest Incorporated Association (current) Dec 2024 Director, the Company (current) Jun 2025 Outside Corporate Auditor, Marutai Co., Ltd. (current)
1975-10-08
Keiichi ZENMYO
Director (Full-time Audit and Supervisory Committee Member) (Note 1)
Apr 1981 Joined Kyushu Matsushita Electric Co., Ltd. (now Panasonic Systems Solutions Japan Co., Ltd.) Apr 2007 General Manager, Business Division, Kyushu Matsushita Electric Co., Ltd. Aug 2010 Seconded to Panasonic Systems Solutions Japan Co., Ltd. Oct 2010 Managing Executive Officer and President, Kyushu Company, Panasonic Systems Solutions Japan Co., Ltd. May 2011 Outside Director, PI Techno Co., Ltd. Jun 2011 Outside Director, Miyazaki Cable Television Co., Ltd. Jun 2013 Managing Executive Officer and Company-wide CQO, Panasonic Systems Solutions Japan Co., Ltd. Apr 2017 Director, Panasonic Systems Solutions Japan Co., Ltd. Dec 2017 Full-time Corporate Auditor, the Company Dec 2023 Director (Full-time Audit and Supervisory Committee Member), the Company (current)
1957-11-15
Shun TANABE
Director (Audit and Supervisory Committee Member) (Note 1)
Apr 1999 Joined the Legal Training and Research Institute of the Supreme Court of Japan Oct 2000 Registered as attorney-at-law Oct 2000 Joined Tanabe Law Office Jan 2010 Representative Attorney, Tanabe Law Office (current) Apr 2016 Representative Attorney, Fukuoka City Employment and Labor Consultation Center (current) Jun 2016 Corporate Auditor, the Company Apr 2018 Civil Conciliation Commissioner, Fukuoka Summary Court (current) Sep 2018 Director who is an Audit and Supervisory Committee Member (substitute), Plats Inc. (current) May 2020 Supervisory Executive, Fukuoka REIT Corporation (current) Dec 2023 Director (Audit and Supervisory Committee Member), the Company (current)
1961-04-15
Yuji NAKANISHI
Director (Audit and Supervisory Committee Member) (Note 1)
Apr 1985 Joined Fuji Heavy Industries Ltd. (now Subaru Corporation) Apr 1989 Joined International Digital Communications Co., Ltd. (now IDC Frontier Inc.) Oct 1990 Joined Cones and Company Limited Dec 1994 Joined Taiyo Audit Corporation (now Taiyo LLC) Oct 1995 Joined Tohmatsu & Co., Fukuoka Office (now Deloitte Touche Tohmatsu LLC) Apr 2002 Opened Yuji Nakanishi Certified Public Accountant Office (current) Jun 2002 Corporate Auditor, Zenrin Co., Ltd. Apr 2005 Opened Yuji Nakanishi Tax Accountant Office (current) Jun 2010 Auditor, Hisayama Research Institute for Lifestyle Diseases, Public Interest Incorporated Association Apr 2011 Representative Director, Expreso Co., Ltd. (current) Sep 2017 Corporate Auditor, Beauty Kagen Co., Ltd. Jul 2018 Corporate Auditor, the Company Oct 2019 Representative Director, Kukan Gijutsu Sogo Kenkyujo Co., Ltd. Oct 2019 Auditor, Society for Health Science Research Institute, General Incorporated Association (current) Sep 2021 Director, Kukan Gijutsu Sogo Kenkyujo Co., Ltd. Dec 2023 Director (Audit and Supervisory Committee Member), the Company (current)
1961-06-11
Large Shareholding Reports
Lapris Co., Ltd.
2026-08-26
14.13%→13.64%
Annual report (as of 2026-03-31): 14.07%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-26
Large Shareholding Report
TDnet
2026-08-07
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-05-15
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
TDnet
2026-02-10
Q1 Earnings Flash
FY ending Sep 2026
EDINET
2025-12-16
Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-08-05
Q3 Earnings Flash
FY ending Sep 2025
EDINET
2025-05-15
Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-02-07
Q1 Earnings Flash
FY ending Sep 2025
EDINET
2024-12-20
Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-12-20
Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-11
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-09
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-21
Annual Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-05-12
Quarterly Securities Report
EDINET
2022-02-09
Quarterly Securities Report
EDINET
2021-12-23
Annual Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-05-13
Quarterly Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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