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Overview

Metal Products

SHINPO CO.,LTD.

Shinpo Co., Ltd. is the No.1 market share holder in Japan for smokeless roasters used in yakiniku (Japanese BBQ) restaurants, offering both duct-type and non-duct-type smokeless roaster systems. The company provides end-to-end solutions including product manufacturing and sales, total system design, installation works, interior construction, maintenance services, and grill net cleaning services. Shinpo operates through its consolidated subsidiary, Shenfu Trading (Shanghai) Co., Ltd., extending its business presence to China.

Market Cap

¥9.27B

US$59.0M

¥7.24B

US$46.1M

Stock¥1,685▲+0.00%

US$1 = ¥157.05 (2026-10-22)

LTM EV/EBITDA

8.0

LTM EV/EBIT

9.8

LTM PER

20.2

LTM PBR

1.3

Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+17.3%pt

Oct 23, 25 – Jul 21, 26StockTOPIX

MC → EV Bridge

AI Briefing

Generating insights…

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

93%

EquityD/E 0.07xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 72.2%

as of 2025-12-31 · Source: Annual Securities Report

Yamatake Sogyo Ltd.

35.56%

MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)

12.94%

Custody Bank of Japan, Ltd. (Trust Account)

8.66%

SHINPO CO.,LTD. Business Partners' Stock Ownership Association

4.04%

The Hyakugo Bank,Ltd.

2.73%

Nagoya Small and Medium Business Investment & Consultation Co., Ltd.

2.73%

Takaya NAKAGAMI

1.79%

Kokusai Dengyo Co., Ltd.

1.51%

Kiyohisa YAMADA

1.21%

Yoshimune KOBAYASHI

1.06%

Management

10 officers

Norihiko ANDO

Representative Director, President

Joined the Company Jul 1985 Appointed Manager, Tokyo Branch Feb 1996 Sep 2008 Appointed Director, Tokyo Branch Manager Sep 2013 Appointed Managing Director, Tokyo Branch Manager Appointed Chairman, Shinpu Trading (Shanghai) Co., Ltd. Jan 2014 Appointed Representative Director, President Sep 2021 (current) Appointed Director, Shinpu Trading (Shanghai) Co., Ltd. Jan 2022 (current)

1960-12-22

Mitsuo KATAOKA

Director, General Manager of Sales Division

Joined the Company Dec 1993 Appointed Manager, Sapporo Branch Apr 2002 Appointed Director, Hokkaido Branch Manager Sep 2007 Appointed Director, Sapporo Branch Manager Sep 2011 Appointed Representative Director, President, Food Cross Management Co., Ltd. Oct 2013 Appointed Director, General Manager of East Japan Division Sep 2021 Appointed Chairman, Shinpu Trading (Shanghai) Co., Ltd. Jan 2022 (current) Appointed Director, General Manager of East Japan Sales and Overseas Business Divisions May 2023 Appointed Director, General Manager of Sales Division Jul 2025 (current)

1965-11-20

Kiyohisa YAMADA

Director, General Manager of Production Management Division

Joined the Company Jan 1994 Sent on secondment to MISUMI Corporation Apr 2001 Appointed Deputy General Manager, Sales Planning Department, Director Sep 2004 Resigned as Deputy General Manager, Sales Planning Department, Director Jun 2007 Appointed Manager, Materials Section, Materials Department Jun 2007 Appointed General Manager, Production Management Department Jul 2008 Appointed Director, General Manager, Production Management Department Sep 2008 Appointed Director, General Manager, Production Management Department and Overseas Business Division Jul 2011 Appointed Chairman, Shinpu Trading (Shanghai) Co., Ltd. Appointed Director, General Manager, Production Management Department Sep 2013 Appointed Director, General Manager of Production Management Division Sep 2021 (current)

1967-08-10

Shigeki TAGUCHI

Director, General Manager of Administration Division

Joined the Company May 1994 Appointed Executive Officer, General Manager of Administration Division Sep 2021 Appointed Director, General Manager of Administration Division Sep 2023 (current)

1971-12-05

Masahiro TAKAHASHI

Director, General Manager of Overseas Business Division

Joined the Company Apr 1992 Appointed Executive Officer, Tokyo Branch Manager Sep 2021 Appointed Executive Officer, Tokyo Branch Manager and General Manager of Overseas Business Department Jul 2024 Appointed Executive Officer, General Manager of Overseas Business Division Jul 2025 (current) Appointed Director, General Manager of Overseas Business Division Sep 2025

1971-01-19

Tomohiro ACHIBA

Director

Joined Azusa Audit LLC Dec 2007 Registered as Certified Public Accountant Aug 2013 Resigned from Azusa Audit LLC Sep 2014 Joined Tokai Kaikeisha Audit Corporation Oct 2014 Opened Achiba Accounting Office, Office Head Dec 2014 (current) Appointed Representative Partner, Tokai Kaikeisha Audit Corporation Jul 2017 (current) Appointed Director of the Company Sep 2017 (current)

1980-05-15

Yuko TAKAHASHI

Director

Passed the National Bar Examination Sep 2015 Registered as Attorney-at-law, joined Kusui Law Office Dec 2016 Seconded to Mie Bank, Ltd. (now Sanjusan Bank, Ltd.) Apr 2017 Joined Shunba Noguchi Law Office (now &LEGAL Law Corporation) Aug 2019 (current) Appointed Corporate Auditor of the Company Sep 2021 (current) Appointed Outside Corporate Auditor, Baiza Co., Ltd. Apr 2023 Appointed Outside Director (Audit and Supervisory Committee Member), Japan Material Co., Ltd. Jun 2024 (current) Appointed Director of the Company Sep 2025

1985-07-30

Tatsuya SEGI

Full-time Corporate Auditor

Joined Hyakugo Bank, Ltd. Apr 1981 Appointed General Manager, Kuwana Branch Jun 2009 Joined Hyakugo Securities Co., Ltd., appointed Deputy General Manager, Sales Division, Director Jun 2012 Appointed Managing Director, Hyakugo Securities Co., Ltd. Jun 2017 Resigned from Hyakugo Securities Co., Ltd. Jun 2020 Appointed Full-time Corporate Auditor of the Company Sep 2023 (current)

1957-06-10

Yojiro MITSUOKA

Corporate Auditor

Joined Ito Accounting Office Audit Corporation Jan 1997 Registered as Certified Public Accountant Mar 2000 Opened Mitsuoka Accounting Office Jul 2004 Appointed Corporate Auditor of the Company Sep 2015 (current) Appointed Outside Corporate Auditor, AB Hotel Co., Ltd. Sep 2016 (current)

1971-07-09

Misao MATSUSHITA

Corporate Auditor

Joined Ota Management & Labor Research Institute Apr 2004 (now Ota Rokken Social Insurance Labor Consultants Corporation) Registered as Certified Social Insurance and Labor Consultant Oct 2008 Opened Matsushita Social Insurance Labor Consultant Office, Office Head Oct 2008 (current) Designated as Specialized Social Insurance Labor Consultant Oct 2008 Appointed Director, Workers' Comprehensive Labor Consultation Center Apr 2022 (current) Appointed Corporate Auditor of the Company Sep 2025

1968-07-11

Large Shareholding Reports

Yamatake Sogyo Co., Ltd.

2026-07-06

85.26%→89.57%

Simplex Asset Management Co., Ltd.

2026-06-23

18.35%→0.00%

Yamatake Sogyo Co., Ltd.

2026-06-22

31.85%→85.26%

Yamatake Sogyo Ltd.

2026-06-19

31.85%→31.85%

Annual report (as of 2025-12-31): 35.56%

Yamatake Sogyo Co., Ltd.

2026-06-19

31.85%→31.85%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Yamatake Sogyo Co., Ltd.

2026-06-19

31.85%→31.85%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Yamatake Sogyo Co., Ltd.

2026-06-19

31.85%→31.85%

Yamatake Sogyo Co., Ltd.

2026-05-12

31.85%→31.85%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Yamatake Sogyo Co., Ltd.

2026-05-12

31.85%→31.85%

Yamatake Sogyo Co., Ltd.

2026-05-07

31.85%→31.85%

Yamatake Sogyo Co., Ltd.

2026-05-07

31.85%→31.85%

Disclosures

No disclosures

Primary Source Filings

EDINET

2026-07-06

Large Shareholding Report

SHINPO CO.,LTD.

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SHINPO CO.,LTD.

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