Overview
Electric Appliances

BALMUDA Inc.

BALMUDA is a Tokyo-based fabless consumer electronics company that designs, develops, and sells premium home appliances and lifestyle products, including its flagship steam toaster, air purifiers, kitchen appliances, and lighting/audio products. The company differentiates through distinctive industrial design and proprietary engineering technologies—such as its dual-structure fan blade system and steam-based toasting technology—targeting design-conscious consumers seeking superior user experience. Products are sold domestically via its own online store and branded retail shops, and internationally across the US, Europe, and Asia through two consolidated overseas subsidiaries.

Market Cap
¥4.87B
US$31.1M
EV
¥5.08B
US$32.4M
Stock¥572▼-0.35%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
2.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-51.4%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
4.87BUS$31.1MMarket Cap0.59BUS$3.78M+ Debt0.38BUS$2.44M− Cash0.00BUS$0.00M− Inv. Sec.5.08BUS$32.4MEV
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Performance & Balance
Revenue 5Y (¥B)
18.4US$117M'21/1217.6US$112M'22/1213.0US$83.0M'23/1212.5US$79.5M'24/1210.1US$64.5M'25/12
EBITDA 5Y (¥B)
1.85US$11.8M'21/120.62US$3.95M'22/12-0.89-US$5.65M'23/120.41US$2.62M'24/12-0.52-US$3.30M'25/12
Net Income 5Y (¥B)
1.02US$6.47M'21/120.00US$0.02M'22/12-2.07-US$13.2M'23/120.07US$0.43M'24/12-1.60-US$10.2M'25/12
Capital Structure
81%
19%
EquityD/E 0.24xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.00US$6.38M1.42US$9.08M'21/121.25US$7.95M1.41US$9.02M'22/121.17US$7.44M1.44US$9.20M'23/121.35US$8.58M0.43US$2.73M'24/120.67US$4.29M0.77US$4.90M'25/12
Shareholders
Top 10 hold 75.0%
1
Gen TERAO
67.93%
2
KOREA SECURITIES DEPOSITORY-SAMSUNG (Standing Proxy: Citibank, N.A., Tokyo Branch)
3.06%
3
MITSUBA Corporation
1.47%
4
IBIS Co., Ltd.
0.64%
5
Megumi NAKAJIMA
0.36%
6
Manzo SHIOKAWA
0.36%
7
Takahisa NAGAI
0.35%
8
Kozo TOSUJI
0.32%
9
Naoko KURATA
0.28%
10
Mitsubishi UFJ eSmart Securities Co., Ltd.
0.24%
Management
6 officers
Gen TERAO
Representative Director, President
Mar 2003 Established the Company; Representative Director, President (current) Feb 2013 Managing Director, BALMUDA Europe GmbH (current) Jul 2024 Director & CEO, BALMUDA North America, Inc. (current)
1973-07-25
Masafumi SATO
Director
Apr 1996 Joined Asahi Bank, Ltd. (now Resona Bank, Ltd.) Sep 2004 Joined NEC System Technologies, Ltd. (now NEC Solution Innovators, Ltd.) Jul 2005 Joined Mitsubishi Corporation Financial Services Ltd. Aug 2008 Joined Akebono Brake Industry Co., Ltd. May 2012 Joined GREE, Inc. (now GREE Holdings, Inc.) Jun 2015 Joined the Company Jan 2016 General Manager, Administration Division, the Company Jan 2017 General Manager, Administration Department, the Company Mar 2017 Director, General Manager, Administration Department, the Company May 2022 Director, General Manager, Administration Division, the Company Nov 2023 Director, the Company Jul 2024 Director, BALMUDA North America, Inc. (current) Jan 2025 Director, in charge of Corporate Division, the Company (current)
1973-03-03
Reiko KATAYAMA
Outside Director
Apr 1988 Joined Nikko Securities Co., Ltd. (now SMBC Nikko Securities Inc.) Dec 1992 Joined Misumi Corporation (now MISUMI Group Inc.) Sep 2003 General Manager, Food Business Division, Misumi Corporation Oct 2007 Executive Officer, KAKUYASU Inc. Nov 2012 Representative Director, President, Mikuriido Co., Ltd. (current) Dec 2021 Outside Director, the Company (current)
1965-03-17
Kiyoaki NAKAJIMA
Director, Audit and Supervisory Committee Member
Mar 1977 Joined Commerzbank Apr 1981 Joined Daiwa Securities Co., Ltd. Mar 1986 President, Daiwa Europe (Italy) Ltd. (now Daiwa Capital Markets Europe Limited) Mar 1995 President, Daiwa Europe (Deutschland) GmbH (now Daiwa Capital Markets Europe Limited) Apr 2005 Audit & Supervisory Board Member, Daiwa Securities Co., Ltd.; Outside Audit & Supervisory Board Member, Daiwa Institute of Research Ltd. Jan 2014 Joined Kamakura Shinsho, Ltd. Apr 2014 Audit & Supervisory Board Member, Kamakura Shinsho, Ltd. Sep 2016 Outside Audit & Supervisory Board Member, Logizard Co., Ltd. Nov 2016 Outside Audit & Supervisory Board Member, the Company Mar 2022 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1949-05-13
Mitsuhiko MORI
Director, Audit and Supervisory Committee Member
Feb 1989 Joined KPMG Peat Marwick (now KPMG Tax Corporation) Aug 1990 Joined Sato Sumio Tax Accountant Office (now Meimei Management Tax Corporation) Aug 1995 Joined Yamaichi Securities Co., Ltd. Jan 2000 Opened Mitsuhiko Mori Tax Accountant Office; Head (current) Apr 2011 Outside Audit & Supervisory Board Member, Trysol Group Inc. (current) Feb 2014 Outside Audit & Supervisory Board Member, Kokuryudo Co., Ltd. (current) Jun 2014 Outside Audit & Supervisory Board Member, Alpha Dream Co., Ltd. Oct 2014 Outside Audit & Supervisory Board Member, the Company Mar 2022 Outside Director (Audit and Supervisory Committee Member), the Company (current) Aug 2024 Outside Audit & Supervisory Board Member, Claireina Inc. (current)
1965-12-14
Kimiaki NAGAI
Director, Audit and Supervisory Committee Member
Dec 2010 Registered as attorney-at-law (Second Tokyo Bar Association) Jan 2011 Joined Authense Law Office (now Authense Law Firm) Jan 2013 Seconded to Digital Garage, Inc. Jul 2015 Joined Shiroyama Tower Law Office Mar 2017 Outside Audit & Supervisory Board Member, the Company Feb 2018 Opened Nexeed Law Office; Representative Attorney (current) Jun 2021 Outside Audit & Supervisory Board Member, BASE Food Inc. Mar 2022 Outside Director (Audit and Supervisory Committee Member), the Company (current) Jun 2022 Outside Director (Audit and Supervisory Committee Member), Forval Real Straight Inc. (current) Nov 2024 Outside Audit & Supervisory Board Member, Ostearies Inc. (current) May 2025 Outside Director (Audit and Supervisory Committee Member), BASE Food Inc. (current) Sep 2025 Representative Director, Nexeed Consulting Inc. (current) Oct 2025 Registered as Certified Management Consultant
1982-08-01
Large Shareholding Reports
Gen TERAO
2025-11-21
74.98%→67.82%
Annual report (as of 2026-06-30): 67.93%
Gen TERAO
2025-11-21
74.98%→67.82%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-06-30): 67.93%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-07
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-25
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2025-11-21
Large Shareholding Report
EDINETAmended
2025-11-21
Change Report
TDnet
2025-11-07
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-14
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-08
Semi-Annual Securities Report
Period: Jan 2024 – Jun 2024
EDINET
2024-05-10
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-25
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-24
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-08
Quarterly Securities Report
EDINET
2022-08-08
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-24
Annual Securities Report
EDINET
2021-11-09
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-05-13
Quarterly Securities Report
EDINET
2021-03-25
Annual Securities Report
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