Overview
Electric Appliances

TB GROUP INC.

TB Group Inc. operates two core segments: the LED & ECO business, which covers planning, development, and sales of LED display systems, digital signage, and LED lighting; and the SA Equipment business, which encompasses the development, manufacturing, and sales of POS/ECR systems, self-checkout terminals, and related equipment, as well as paid broadcasting services and medical/healthcare equipment. The company distributes its products through a nationwide network of dealers and sales agents, and also serves overseas markets through international distributors. Additional activities include capsule-type accommodation facility products and operations, and building leasing.

Market Cap
¥1.77B
US$11.3M
EV
¥1.81B
US$11.5M
Stock¥119▼-1.65%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
3.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-29.8%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
1.77BUS$11.3MMarket Cap0.43BUS$2.76M+ Debt0.30BUS$1.93M− Cash0.09BUS$0.56M− Inv. Sec.1.81BUS$11.5MEV
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Performance & Balance
Revenue 5Y (¥B)
2.42US$15.4M'22/32.35US$15.0M'23/32.30US$14.7M'24/32.33US$14.9M'25/32.46US$15.7M'26/3
EBITDA 5Y (¥B)
-0.24-US$1.52M'22/3-0.22-US$1.42M'23/3-0.18-US$1.15M'24/3-0.17-US$1.05M'25/3-0.06-US$0.39M'26/3
Net Income 5Y (¥B)
-0.22-US$1.38M'22/3-0.25-US$1.56M'23/3-0.24-US$1.56M'24/3-0.19-US$1.23M'25/3-0.20-US$1.24M'26/3
Capital Structure
52%
48%
EquityD/E 0.91xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
0.66US$4.23M0.35US$2.20M'22/30.70US$4.45M0.36US$2.29M'23/30.55US$3.48M0.36US$2.28M'24/30.49US$3.12M0.55US$3.53M'25/30.35US$2.25M0.44US$2.79M'26/3
Shareholders
Top 10 hold 35.3%
1
Saburo MURATA
10.67%
2
Hospital Net Co., Ltd.
5.89%
3
Big Suns Co., Ltd.
5.05%
4
Nobuo HARA
3.81%
5
Rakuten Securities, Inc.
2.24%
6
SBI SECURITIES Co., Ltd.
1.90%
7
Sumiyo KUHARA
1.59%
8
Kitahama IR Fund No. 3 Investment Limited Partnership
1.43%
9
Toshikazu KIMURA
1.40%
10
J.P.MORGAN SECURITIES PLC (Standing Proxy: JPMorgan Securities Japan Co., Ltd.)
1.29%
Management
8 officers
Saburo MURATA
Representative Director, Chairman and President
Apr 1969 Joined Funai Electric Co., Ltd. Dec 1978 Established Big Suns Co., Ltd.; Representative Director, President Jun 2006 Director of the Company Oct 2006 Director, Chairman of the Company Jun 2007 Representative Director, Chairman and President of the Company (current) Sep 2021 Representative Director, Smart Health Net Co., Ltd. (current)
1947-01-16
Yoshio NAKANO
Managing Director, General Manager of Business Promotion Division
Oct 1995 Joined the Company May 2005 Manager, Sales Strategy Office, Distribution Information Systems Business Division, Sales Headquarters Oct 2007 Executive Officer, General Manager, Product Department, Management Promotion Division Nov 2009 Executive Officer, General Manager, Product Division Jun 2012 Director, General Manager, Product Strategy Division Jun 2014 Director, General Manager, SA & NB Division Jun 2017 Managing Director, General Manager of Business Promotion Division (current) Jun 2019 Representative Director, President, MAYUDAMA Co., Ltd. (current)
1966-11-23
Fumiyasu NUNOKAWA
Director, General Manager of Management Administration Division
Apr 1990 Joined the Company May 2007 Manager, Accounting Section, Administration Department, Administration Division Jul 2008 Deputy General Manager, Administration Department, Management Administration Division Jul 2011 General Manager, Administration Department, Management Administration Division (current) May 2015 Audit & Supervisory Board Member, TOWA Co., Ltd. (current) Jun 2019 Director, MAYUDAMA Co., Ltd. (current) Jun 2023 Director, General Manager of Management Administration Division of the Company (current)
1969-06-18
Masayuki TANI
Director
Apr 1972 Joined Itochu Corporation Oct 1985 Vice President, RICOH CORPORATION (U.S.A.) May 1994 President, Representative Director, Lexmark International K.K. Nov 1996 Established HYPER MARKETING Co., Ltd.; President, Representative Director Jun 2002 Director, Funai Electric Co., Ltd. Mar 2007 President, Representative Director, HYPER MARKETING Co., Ltd. (current) Jun 2015 Outside Director of the Company (current) Jan 2019 Director, TOWA Co., Ltd. Jun 2019 Director, MAYUDAMA Co., Ltd.
1949-01-01
Yoshio NAKAJIMA
Director
Jun 1993 Deputy Director, Budget Bureau, Ministry of Finance Mar 2000 Representative Director, Senior Managing Director, Kyocera Mita Corporation Jun 2005 Director, Executive Vice President, Funai Electric Co., Ltd. Dec 2009 President, Representative Director, Sailor Pen Co., Ltd. Jun 2017 Outside Director of the Company (current) Feb 2018 Representative Director, K Energy Co., Ltd.
1942-03-30
Koichi NOBUOKA
Full-time Audit & Supervisory Board Member
Dec 1978 Joined Big Suns Co., Ltd. Jun 2000 Managing Director, General Manager of Sales Division, Big Suns Co., Ltd. Jun 2008 Director, General Manager of Domestic Business Division of the Company Nov 2011 Director, General Manager of Management Administration Division of the Company Jun 2012 Managing Director, General Manager of Management Administration Division of the Company Jun 2023 Advisor of the Company Jun 2024 Full-time Audit & Supervisory Board Member of the Company (current)
1950-06-18
Takuo ENOKI
Audit & Supervisory Board Member
Oct 1985 Joined Ota Showa & Co. (currently Ernst & Young ShinNihon LLC) Mar 1989 Registered as Certified Public Accountant Apr 1997 Opened Enoki Certified Public Accountant and Tax Accountant Office Jun 1998 Outside Audit & Supervisory Board Member, SPK Corporation Jan 2000 Representative Director, Management Refine Co., Ltd. Oct 2002 Representative Partner, Otemae Sogo Certified Tax Accountants Corporation (current) Sep 2005 Outside Audit & Supervisory Board Member, Kichiri Co., Ltd. (currently Kichiri Holdings Co., Ltd.) (current) Jun 2011 Outside Audit & Supervisory Board Member of the Company (current) Sep 2016 Outside Director, IPS Co., Ltd. (current) Apr 2024 Representative Director, Management Reliance Co., Ltd. (current)
1963-02-23
Kenichi MURAMATSU
Audit & Supervisory Board Member
Apr 1983 Registered with Tokyo Bar Association; joined Shimizu Naoki Law Office Apr 1990 Opened Muramatsu Kenichi Law Office (currently Kōrei Law Office); Head of the Office (current) Dec 2001 Reference Witness, Financial Affairs Committee of the House of Councillors (153rd Diet Session) Apr 2003 Head, Bankruptcy Law Department, Tokyo Bar Association Jun 2015 Outside Audit & Supervisory Board Member of the Company (current)
1954-05-05
Large Shareholding Reports
Growing Up Co., Ltd.
2026-08-04
11.45%→10.83%
Growing Up Co., Ltd.
2026-07-31
11.45%
Saburo MURATA
2025-08-29
1.66%→10.53%
Annual report (as of 2026-03-31): 10.67%
Hospital Net Co., Ltd.
2025-08-29
14.33%→5.89%
Annual report (as of 2026-03-31): 5.89%
Big Suns Co., Ltd.
2025-08-08
6.71%→5.58%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 5.05%
Big Suns Co., Ltd.
2025-08-08
6.71%→5.58%
Annual report (as of 2026-03-31): 5.05%
Hospital Net Co., Ltd. (Representative Director: Toshinobu TAKEDA)
2025-08-07
15.86%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINETAmended
2026-08-04
Change Report
EDINET
2026-07-31
Large Shareholding Report
EDINETAmended
2026-06-25
Amended Securities Registration Statement
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-06-19
Amended Securities Registration Statement
EDINETAmended
2026-06-12
Amended Securities Registration Statement
EDINET
2026-06-09
Securities Registration Statement
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-10
Semi-Annual Securities Report
Period: Apr 2025 – Sep 2025
EDINETAmended
2025-09-04
Change Report
EDINET
2025-08-29
Large Shareholding Report
EDINET
2025-08-29
Large Shareholding Report
EDINET
2025-08-08
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-08-07
Large Shareholding Report
EDINET
2025-06-30
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Sep 2024
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
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
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-30
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2023-01-06
Securities Registration Statement
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-30
Annual Securities Report
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