Overview
Metal Products

TOYO SHUTTER CO.,LTD.

Toyo Shutter Co., Ltd. is a Japanese manufacturer and seller of shutters (heavy-duty, lightweight, aluminum, and overhead), steel doors, and hardware (locks and fittings) for commercial and residential applications. The company has approximately 70 years of product development history, offering a broad lineup including disaster-prevention products and partnered products through the Harman Group affiliation. Its competitive strengths lie in comprehensive product coverage across shutter types and related building materials, supported by in-house manufacturing and nationwide sales and installation capabilities.

Market Cap
¥5.49B
US$35.0M
EV
¥5.52B
US$35.2M
Stock¥867▼-0.12%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.0
x
LTM EV/EBIT
5.8
x
LTM PER
8.8
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-31.0%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
5.49BUS$35.0MMarket Cap4.14BUS$26.4M+ Debt3.88BUS$24.8M− Cash0.23BUS$1.47M− Inv. Sec.5.52BUS$35.2MEV
AI Briefing
Generating insights…
Performance & Balance
Revenue 5Y (¥B)
19.7US$126M'22/320.7US$132M'23/321.5US$137M'24/320.9US$133M'25/321.5US$137M'26/3
EBITDA 5Y (¥B)
1.06US$6.78M'22/31.23US$7.81M'23/31.84US$11.7M'24/31.71US$10.9M'25/31.67US$10.6M'26/3
Net Income 5Y (¥B)
0.41US$2.63M'22/30.56US$3.57M'23/30.96US$6.12M'24/30.79US$5.05M'25/30.83US$5.29M'26/3
Capital Structure
71%
29%
EquityD/E 0.41xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
3.00US$19.1M4.28US$27.3M'22/33.64US$23.2M4.14US$26.4M'23/34.77US$30.4M4.52US$28.8M'24/33.97US$25.3M4.63US$29.5M'25/33.21US$20.5M4.12US$26.3M'26/3
Shareholders
Top 10 hold 57.1%
1
Deutsche Bank AG Frankfurt CC CLT Hermann Beteiligung 4004020 (Standing Proxy: Mizuho Bank, Ltd., Settlement Operations Department)
19.89%
2
TOYO SHUTTER CO.,LTD. Business Partners' Stock Ownership Association
13.17%
3
TOYO SHUTTER CO.,LTD. Employee Stock Ownership Association
8.33%
4
Mizuho Bank, Ltd.
4.95%
5
AICHI ELECTRIC CO.,LTD.
1.98%
6
Nippon Life Insurance Company
1.88%
7
Chuo-Nittochi Co., Ltd.
1.80%
8
Sugatsune Kogyo Co., Ltd.
1.74%
9
JFE Shoji Steel & Building Materials Corporation
1.74%
10
Tomohiro YOSHIDA
1.59%
Management
11 officers
Toshio OKADA
Representative Director, President, General Oversight
Apr 1986 Joined Kawatetsu Shoji Co., Ltd. (now JFE Shoji Corporation) Apr 1991 Joined the Company Oct 1994 Manager, Business Planning Office Jun 1997 Director, Head of Business Planning Office Apr 1999 Director, Deputy Head of Administration Division, concurrently Head of Business Planning Office Apr 2000 Director, Head of Business Planning Office Jun 2001 Director, in charge of Production Business Division, concurrently Head of Business Planning Office Oct 2002 Managing Director, in charge of East Japan Business Division, concurrently General Manager, Kanto Building Construction Business Division Apr 2003 Managing Director, General Oversight of Tokyo Head Office Apr 2006 Director, Managing Executive Officer, Head of Corporate Planning and Administration Division Apr 2007 Director, Managing Executive Officer, Head of Corporate Planning and Administration Division, concurrently General Manager, New Business Development Department Apr 2008 Director, Managing Executive Officer, in charge of Corporate Planning and Administration Division, concurrently Head of Corporate Planning and Administration Division and General Manager, New Business Development Department Apr 2009 Managing Director, Managing Executive Officer, General Manager, Business Planning Division, in charge of EM Sales Department Apr 2010 Representative Director, President and Executive Officer, General Oversight, in charge of Corporate Planning Division Apr 2012 Representative Director, President and Executive Officer, General Oversight (current)
1962-11-04
Katsushi TABATA
Director, in charge of Sales Division
Apr 1985 Joined the Company Apr 2011 General Manager, Kyoto Branch Apr 2013 Plant Manager, Nara Plant Apr 2014 General Manager, Sales Department (in charge of Sales Strategy Enhancement), Business Management Division Apr 2016 Head of Kansai Unit, concurrently General Manager, Osaka Branch Apr 2017 Executive Officer, Head of Kansai Unit Apr 2018 Senior Executive Officer, Head of Kansai Unit Apr 2019 Managing Executive Officer, in charge of East Japan, Kansai, West Japan and EM Jun 2019 Director, Managing Executive Officer, in charge of East Japan, Kansai, West Japan and EM Apr 2020 Director, Managing Executive Officer, in charge of Sales Division Apr 2022 Director, Managing Executive Officer, General Oversight of Sales Apr 2023 Director, Managing Executive Officer, General Manager, Sales Division Apr 2024 Director, Senior Managing Executive Officer, General Manager, Sales Division Apr 2026 Director, Senior Managing Executive Officer, in charge of Sales Division (current)
1962-08-16
Kazunori WAKIKAWA
Director, General Manager, Business Planning Division
Apr 1986 Joined Dai-Ichi Kangyo Bank, Ltd. (now Mizuho Bank, Ltd.) Feb 2013 Joined Edelweiss Co., Ltd. Apr 2013 Managing Executive Officer, Edelweiss Co., Ltd. Feb 2018 Joined the Company, Deputy General Manager, Business Planning Division Apr 2018 Managing Executive Officer, General Manager, Business Planning Division, concurrently General Manager, Administration Management Department Apr 2019 Managing Executive Officer, General Manager, Business Planning Division Jun 2019 Director, Managing Executive Officer, General Manager, Business Planning Division Apr 2020 Director, Managing Executive Officer, in charge of Business Planning Apr 2023 Director, Managing Executive Officer, General Manager, Business Planning Division (current)
1963-06-29
Shinya NONAKA
Director, General Manager, Corporate Planning Division
Apr 1989 Joined Dai-Ichi Kangyo Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2019 Joined the Company, Executive Officer, General Manager, Corporate Planning Division, concurrently General Manager, Accounting Department Oct 2019 Senior Executive Officer, General Manager, Corporate Planning Division, concurrently General Manager, Accounting Department Apr 2022 Senior Executive Officer, General Manager, Corporate Planning Division Apr 2023 Managing Executive Officer, General Manager, Corporate Planning Division Jun 2025 Director, Managing Executive Officer, General Manager, Corporate Planning Division (current)
1965-03-11
Kensuke NISHIKAGE
Director, in charge of Production and Products Division (Production)
Mar 1994 Joined the Company Apr 2010 General Manager, Business Planning Department Apr 2014 General Manager, Business Planning Department, concurrently General Manager, Business Strategy Office Apr 2018 Deputy General Manager, Business Planning Division, concurrently General Manager, Business Planning Department Apr 2020 General Manager, Business Planning Division, concurrently General Manager, Business Planning Department Apr 2021 Executive Officer, General Manager, Business Planning Division, concurrently General Manager, Business Planning Department Apr 2022 Executive Officer, General Manager, Business Planning Division Apr 2023 Executive Officer, Deputy General Manager, Sales Division Apr 2024 Managing Executive Officer, Deputy General Manager, Sales Division Apr 2025 Managing Executive Officer, in charge of Production and Products Division Jun 2025 Director, Managing Executive Officer, in charge of Production and Products Division (Production) (current)
1969-03-17
Kumiko MIZUNO
Director
Apr 1982 Joined Nippon Fire & Marine Insurance Co., Ltd. (now Sompo Japan Insurance Inc.) Oct 1991 Joined Aoyama Audit Corporation May 1995 Established Mizuno Accounting Office (current) Jun 2015 Director, the Company (current) Mar 2025 Outside Director, Taki Chemical Co., Ltd. (current)
1960-03-19
Mioko NAKAZAWA
Director
Oct 2002 Registered as Attorney-at-Law Oct 2002 Joined Kubോi Sogo Law Office Apr 2017 Opened Emable Management Law Office Jun 2019 Outside Audit & Supervisory Board Member, i-plug Inc. (current) May 2022 Outside Audit & Supervisory Board Member, PAL GROUP Holdings Co., Ltd. Jan 2023 Established Emable Consulting Co., Ltd., Representative Director (current) Jun 2023 Director, the Company (current) May 2026 Outside Director, PAL GROUP Holdings Co., Ltd. (current)
1974-04-09
Hermann HERMANN
Director
Jun 2021 Joined Holcim Corporate Ltd., Strategy Analyst Jun 2023 Joined Hermann KG, Assistant to Managing Partner Jun 2024 General Manager, Asia Pacific Sales Department, Hermann Beijing Trading Co., Ltd. Sep 2025 General Manager, China and Asia Pacific Sales Department, Hermann Beijing Trading Co., Ltd. Mar 2026 Director, General Manager, China and Asia Pacific Sales Department, Hermann Beijing Trading Co., Ltd. (current)
Shinji MATSUZAWA
Full-time Audit & Supervisory Board Member
Apr 1985 Joined the Company Jan 2007 General Manager, Yokohama Branch Apr 2008 General Manager, Kobe Branch Apr 2010 General Manager, Osaka Branch Oct 2011 General Manager, Chugoku-Shikoku Branch Jul 2013 General Manager, Tokyo Building Construction Branch Apr 2016 General Manager, Kyoto Branch, Kansai Unit Apr 2019 Executive Officer, General Manager, Kansai Business Division Oct 2019 Senior Executive Officer, General Manager, Kansai Business Division Apr 2022 Senior Executive Officer, General Manager, Kansai Business Division, concurrently General Manager, Osaka Building Construction Branch Apr 2023 Senior Executive Officer, attached to Corporate Planning Division Jun 2023 Full-time Audit & Supervisory Board Member (current)
1961-07-29
Kaoru SHIMADA
Audit & Supervisory Board Member
Oct 1989 Joined Asahi Shinwa Certified Public Accountants (now Deloitte Touche Tohmatsu / Arata? [see note]) Mar 1993 Registered as Certified Public Accountant Dec 2004 Registered as Certified Tax Accountant Feb 2005 Director, Kaoru Shimada CPA and Tax Accountant Office (current) Jun 2019 Audit & Supervisory Board Member, the Company (current)
1964-03-17
Tetsuya NONAKA
Audit & Supervisory Board Member
Oct 2004 Registered as Attorney-at-Law Oct 2004 Joined Naniwabashi Law Office (now Naniwabashi Law Office, Professional Corporation) Jun 2022 Audit & Supervisory Board Member, the Company (current) Apr 2023 Outside Audit & Supervisory Board Member, YUSHIN Precision Equipment Co., Ltd. (now YUSHIN Co., Ltd.) (current) Jun 2023 Associate Attorney, Naniwabashi Law Office, Professional Corporation (current)
1976-09-25
Large Shareholding Reports
Toyo Shutter Business Partners' Shareholding Association (Chairman: Koji NAKANO)
2026-10-08
13.64%→12.57%
Toyo Shutter Business Partners' Shareholding Association (Chairman: Koji NAKANO)
2026-08-04
12.62%→13.64%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-08
Large Shareholding Report
EDINET
2026-08-04
Large Shareholding Report
TDnet
2026-07-30
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-06-04
株主総会招集通知
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-30
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-19
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-30
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-29
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-20
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-22
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-23
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-24
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) →