Overview
Iron and Steel

IBOKIN Co.,Ltd.

Ibokin is a comprehensive recycling company operating across three core segments: dismantling (demolition of buildings, plants, and machinery with on-site waste processing), environmental (industrial waste collection, intermediate processing, and recycled resource sales), and metal (scrap metal procurement, processing, and supply to steelmakers). The company serves manufacturing and construction clients primarily in the Kinki and Chugoku regions of Japan, with a nationwide alliance network. Competitive strengths include vertically integrated one-stop waste-to-resource services, high compliance standards, proprietary processing facilities, and pioneering initiatives such as 100% blade recycling for wind turbines and rare earth magnet recovery.

Market Cap
¥4.73B
US$30.2M
EV
¥3.06B
US$19.5M
Stock¥1,440▼-0.69%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.4
x
LTM EV/EBIT
3.4
x
LTM PER
6.7
x
LTM PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-18.7%pt
10012345
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jan 13, 26Rebound in line with overall market rise
2Jan 14, 26Continued rise from previous day, buying momentum
3Jan 21, 26Adjustment due to profit-taking sales
4Feb 3, 26In line with overall market rise
5Feb 13, 26Stock price adjustment following earnings release
MC → EV Bridge
4.73BUS$30.2MMarket Cap1.24BUS$7.89M+ Debt2.28BUS$14.5M− Cash0.66BUS$4.21M− Inv. Sec.0.03BUS$0.19M+ NCI3.06BUS$19.5MEV
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Performance & Balance
Revenue 5Y (¥B)
8.43US$53.8M'21/127.96US$50.8M'22/128.66US$55.2M'23/129.66US$61.6M'24/1210.0US$63.8M'25/12
EBITDA 5Y (¥B)
0.97US$6.22M'21/120.82US$5.21M'23/121.09US$6.92M'24/120.99US$6.29M'25/12
Net Income 5Y (¥B)
0.51US$3.25M'21/120.35US$2.21M'22/120.40US$2.53M'23/120.52US$3.32M'24/120.60US$3.81M'25/12
Capital Structure
81%
19%
EquityD/E 0.23xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
2.40US$15.3M0.56US$3.57M'21/12'22/122.02US$12.9M0.29US$1.87M'23/122.70US$17.2M0.25US$1.56M'24/122.24US$14.3M1.51US$9.65M'25/12
Shareholders
Top 10 hold 65.6%
1
HS Kosan Co., Ltd.
39.09%
2
Katsumi TAKAHASHI
11.07%
3
Japan Securities Finance Co.,Ltd.
4.61%
4
IBOKIN Co.,Ltd. Employee Stock Ownership Association
2.30%
5
SBI SECURITIES Co., Ltd.
1.94%
6
Toshikuni KAWASHIMA
1.45%
7
Kanji TAKAHASHI
1.40%
8
Rakuten Securities, Inc.
1.34%
9
Mamoru TAKAHASHI
1.22%
10
Eiko MIKAWA
1.14%
Management
8 officers
Katsumi TAKAHASHI
Representative Director, President
Mar 1993 Tsuda Kohzai Co., Ltd. (now Mitsui & Co. Steel Ltd.) Joined May 1995 Yataka Co., Ltd. Joined Jun 1998 the Company Joined Oct 2002 the Company Managing Director Appointed Oct 2003 the Company Senior Managing Director Appointed Oct 2007 the Company Representative Director, President Appointed (current)
1969-05-06
Mamoru TAKAHASHI
Director, General Manager, Metal Business Division
Feb 1981 Iwata Kenzai Co., Ltd. Joined Jun 1984 Kinkai Kenzai Joined Feb 2000 the Company Joined May 2010 the Company General Manager, Manufacturing Division Feb 2016 the Company Director, General Manager, Metal Business Division Appointed Apr 2023 the Company Director, Managing Executive Officer Appointed; Executive Officer in charge of Metal Business Division, Environmental Business Division, and Transportation Department Jul 2025 the Company Director, Managing Executive Officer; Executive Officer in charge of Metal Business Division, Environmental Business Division, Administration Division, and Transportation Department (current)
1961-01-21
Daisuke MATSUBARA
Director, General Manager, Demolition Business Division
Apr 2003 KOBE Securities Co., Ltd. (now Invast Securities Co., Ltd.) Joined Feb 2010 Leading Securities Co., Ltd. Joined Aug 2016 the Company Joined Jan 2017 the Company General Manager, Tokyo Branch Nov 2021 the Company Executive Officer, General Manager, Tokyo Branch; Deputy General Manager, Sales Headquarters May 2023 the Company Managing Executive Officer, General Manager, Tokyo Branch Jul 2025 the Company Managing Executive Officer, General Manager, Demolition Business Division, Tokyo Branch, Osaka Branch, and Sales Headquarters (current)
1979-09-14
Hiroyuki NAGATSU
Director
Aug 1996 Century Audit Corporation (now EY ShinNihon LLC), Fukuoka Office Joined Aug 2000 Century Audit Corporation (now EY ShinNihon LLC), Kokura Liaison Office and Fukuda CPA Office Joined Aug 2004 Nagatsu CPA Office Established, Representative (current) Mar 2009 the Company Audit & Supervisory Board Member Appointed Oct 2016 the Company Director Appointed (current)
1970-10-11
Noritomo HASHIMOTO
Director
Apr 1977 Mitsubishi Electric Corporation Joined Apr 2008 Mitsubishi Electric Corporation General Manager, Human Resources Department Apr 2009 Mitsubishi Electric Corporation Managing Executive Officer, General Manager, Human Resources Department Jun 2009 Mitsubishi Electric Corporation Director, Managing Executive Officer, General Manager, Human Resources Department Apr 2012 Mitsubishi Electric Corporation Director, Senior Managing Executive Officer, General Manager, Corporate Strategy Office Apr 2016 Mitsubishi Electric Corporation Director Jul 2016 Mitsubishi Electric Corporation Advisor May 2019 the Company Advisor Mar 2021 the Company Director Appointed (current)
1954-07-30
Izumi TOTSUKA
Full-time Audit & Supervisory Board Member
Apr 1982 Ishikawajima-Harima Heavy Industries Co., Ltd. (now IHI Corporation) Joined Oct 2016 the Company Audit & Supervisory Board Member Appointed (current)
1964-01-06
Toshio INOUE
Audit & Supervisory Board Member
Apr 1971 Kawasaki Steel Corporation (now JFE Steel Corporation) Joined May 1989 AK Steel Corporation Seconded Nov 1999 Hongo Co., Ltd. (now H-One Co., Ltd.) Seconded Dec 2000 Same company Director Appointed Sep 2003 KTH Leesburg Products LLC Seconded Oct 2003 Same company President Appointed Oct 2006 KTH Parts Industries Inc. Transferred; same company President Appointed Jun 2011 Same company Resigned Jan 2015 Suzuto Holdings Co., Ltd. (now River Holdings Co., Ltd.) Advisor Sep 2015 Same company Outside Director Appointed Sep 2021 Same company Outside Director Resigned Mar 2022 the Company Audit & Supervisory Board Member Appointed (current)
1948-04-22
Susumu NAGAHAMA
Audit & Supervisory Board Member
Apr 1991 Mitsubishi Heavy Industries, Ltd. Joined Sep 1992 Nagahama Accounting Office (now Brain Trust Tax Corporation) Joined Feb 2006 Brain Trust Tax Corporation Managing Partner (current) Mar 2023 the Company Audit & Supervisory Board Member Appointed (current)
1968-05-28
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-10
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-10
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-23
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINETAmended
2025-04-10
Amended Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-28
Annual Securities Report
Period: Jan 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
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-29
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-29
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINETAmended
2021-08-13
Amended Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-30
Annual Securities Report
EDINETAmended
2021-03-29
Amended Annual Securities Report
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