Overview
Retail Trade

halmek holdings Co.,Ltd.

Halmek Holdings operates a senior-focused platform business primarily targeting women aged 50 and above in Japan, offering a vertically integrated suite of products and services including the subscription-only magazine 'Halmek' (Japan's No.1 magazine by circulation with approximately 460,000 subscribers), direct-to-consumer mail-order sales of proprietary products (approximately 80% original brand ratio) spanning health, beauty, fashion, and lifestyle categories, as well as events, travel, and educational courses. The group also operates a digital content platform 'HALMEK up' with 2.23 million monthly active users, physical retail stores ('Halmek Omise') in major department stores, and a marketing consultancy (Halmek Age Marketing) providing senior marketing expertise to third-party corporate clients. The company's competitive strength lies in its deep customer insight into senior women's unmet needs, a loyal and highly engaged subscriber base, and a closed-loop ecosystem that converts magazine readership into multi-channel commerce and community engagement.

Market Cap
¥21.3B
US$136M
EV
¥24.5B
US$157M
Stock¥1,932▲+3.15%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.0
x
LTM EV/EBIT
12.7
x
LTM PER
18.6
x
LTM PBR
2.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+20.7%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 17, 26Halmek store relocation to Nagoya Mitsukoshi
MC → EV Bridge
21.3BUS$136MMarket Cap4.51BUS$28.7M+ Debt1.31BUS$8.37M− Cash0.00BUS$0.00M− Inv. Sec.24.5BUS$157MEV
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Performance & Balance
Revenue 5Y (¥B)
28.7US$183M'23/331.4US$200M'24/333.9US$216M'25/333.8US$216M'26/3
EBITDA 5Y (¥B)
2.70US$17.2M'23/31.77US$11.3M'24/32.18US$13.9M'25/32.89US$18.4M'26/3
Net Income 5Y (¥B)
1.25US$7.96M'23/30.48US$3.04M'24/30.62US$3.97M'25/31.05US$6.70M'26/3
Capital Structure
67%
33%
EquityD/E 0.49xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
5.04US$32.1M8.25US$52.6M'23/30.94US$5.98M4.94US$31.5M'24/32.39US$15.3M4.81US$30.7M'25/32.78US$17.7M4.54US$28.9M'26/3
Shareholders
Top 10 hold 70.7%
1
Yosuke MATSUSHIMA
17.20%
2
Takao MIYAZAWA
14.66%
3
Yuta YAMAMOTO
13.76%
4
IH Dream Co., Ltd. (Note)
10.86%
5
Junichi TSUCHIYA
7.27%
6
Asako WADA
2.48%
7
Nanpei HAYASHI
2.17%
8
Takashi OTANI
1.44%
9
Dai NAKAMURA
0.45%
10
Custody Bank of Japan, Ltd. (Trust Account)
0.43%
Management
9 officers
Takao MIYAZAWA
Representative Director, President
Apr 1982 Joined Nomura Research Institute, Ltd. Jun 1992 Joined Boston Consulting Group K.K. Aug 1996 Joined Telemarketing Japan Co., Ltd. (now TMJ Co., Ltd.) Jun 2003 Representative Director and CEO, Telemarketing Japan Co., Ltd. Jun 2009 Representative Director, Ikiiki Co., Ltd. (former) Nov 2012 Representative Director, Ikiiki Co., Ltd. (new; now Halmek Co., Ltd.) (current) Aug 2015 Chairman and Representative Director, Zenkoku Tsuhan Co., Ltd. Apr 2018 Representative Director, Halmek Holdings Co., Ltd. (former) Jun 2019 President and Representative Director, Zenkoku Tsuhan Co., Ltd. Jul 2020 Representative Director, President of the Company (current) Jun 2021 Chairman and Representative Director, Zenkoku Tsuhan Co., Ltd. (now Halmek Alpha Co., Ltd.)
1956-10-23
Fuminori ISHII
Director, CFO
Apr 1998 Joined Tokai Bank, Ltd. (now MUFG Bank, Ltd.) Dec 2004 Joined MISUMI Corporation (now MISUMI Group Inc.) Jun 2010 Deputy General Manager, Finance Department, MISUMI Corporation Jun 2017 Director, Miclead Co., Ltd. Jun 2021 Director and CFO of the Company (current) May 2026 Director, Vogue Gakuen Co., Ltd. (current)
1975-09-22
Junichi TSUCHIYA
Director
Apr 1991 Joined Izumi Securities Co., Ltd. (now SMBC Nikko Securities Inc.) Mar 2000 Joined Open Future System Co., Ltd. (now Profit Cube Co., Ltd.) Nov 2002 Joined Telemarketing Japan Co., Ltd. (now TMJ Co., Ltd.) Aug 2009 Chief Financial Officer, Ikiiki Co., Ltd. (former) Nov 2012 Chief Financial Officer, Ikiiki Co., Ltd. (new; now Halmek Co., Ltd.) Jun 2014 Director, Ikiiki Co., Ltd. (now Halmek Co., Ltd.) Apr 2018 Director, Halmek Holdings Co., Ltd. (former) Jul 2020 Director of the Company (current) May 2026 Director, Vogue Gakuen Co., Ltd. (current)
1968-11-20
Asako YAMAOKA
Director
Apr 1997 Joined Shufu to Seikatsu Sha, Ltd. Jul 2017 Joined Halmek Co., Ltd. Aug 2017 Editor-in-Chief, Halmek, Halmek Co., Ltd. (current) Apr 2019 General Manager, Content Business Division, Halmek Co., Ltd. Jul 2019 Executive Officer, Halmek Co., Ltd. (current) Jun 2021 Director of the Company (current) Dec 2023 Head of Content Business Unit, Halmek Co., Ltd. (current)
1974-07-22
Shinji TAKAHASHI
Director (Audit and Supervisory Committee Member)
Apr 1982 Joined Mitsui & Co., Ltd. Nov 1987 Joined Krypton Co., Ltd. Jun 1989 Joined Sociê World Group Co., Ltd. Jan 1993 Managing Director, Sociê World Co., Ltd. Jan 1996 Representative Director and CEO, World Planning Co., Ltd. Sep 1999 Joined Nishimoto Wismettac Holdings Co., Ltd. May 2002 Director, Nishimoto Wismettac Holdings Co., Ltd. Mar 2016 Director (Audit and Supervisory Committee Member), Nishimoto Wismettac Holdings Co., Ltd. Apr 2019 Executive Officer and General Manager, Group Governance & Business Ethics Department, Nishimoto Wismettac Holdings Co., Ltd. Dec 2020 Audit & Supervisory Board Member, Halmek Holdings Co., Ltd. (former) Jun 2021 Director (Audit and Supervisory Committee Member) of the Company (current)
1959-04-08
Nanpei HAYASHI
Director (Audit and Supervisory Committee Member)
Apr 1996 Joined Industrial Bank of Japan, Ltd. (now Mizuho Bank, Ltd.) Sep 2000 Joined McKinsey & Company Oct 2002 Joined MKS Partners Co., Ltd. Apr 2007 Partner, MKS Partners Co., Ltd.; Director, Plessio Co., Ltd. (current) Dec 2008 Representative Director, MKS Partners Co., Ltd. Jan 2010 Representative Director and Representative Partner, NH Partners Co., Ltd. (current) Sep 2011 Director, Alphex Japan Co., Ltd. (current) Jun 2013 Chairman, Feed Co., Ltd. Sep 2013 Chairman and President, Feed Co., Ltd. May 2014 Chairman, TOOT Co., Ltd. (current) Jun 2015 Director, Daiko Electronics Communication Co., Ltd. Mar 2016 Director, Noritz Precision Co., Ltd. (current) Jun 2018 Audit & Supervisory Board Member, JMDC Inc. Apr 2019 Director (Audit and Supervisory Committee Member), JMDC Inc. (current) Jul 2020 Director of the Company Aug 2020 Director, Halmek Holdings Co., Ltd. (former) Jun 2021 Director (Audit and Supervisory Committee Member) of the Company (current) Mar 2022 Director, Rex Advisors Co., Ltd. (current) Mar 2023 Director, Showa Glove Co., Ltd. (current)
1974-02-17
Dai NAKAMURA
Director (Audit and Supervisory Committee Member)
Apr 1996 Joined J.P. Morgan Securities Japan, Tokyo Branch Apr 2001 Joined MKS Partners Co., Ltd. May 2007 Joined Oaktree Japan Co., Ltd. Mar 2017 Representative Director, DN Partners Co., Ltd. (current) Jun 2017 Audit & Supervisory Board Member, Halmek Holdings Co., Ltd. (former) Apr 2020 Audit & Supervisory Board Member, AlphaTheta Co., Ltd. (current) Jul 2020 Audit & Supervisory Board Member of the Company Jun 2021 Director (Audit and Supervisory Committee Member) of the Company (current) Feb 2026 Audit & Supervisory Board Member, Senkushia Co., Ltd. (current)
1972-03-04
Yukiko OMURA
Director (Audit and Supervisory Committee Member)
Apr 2003 Joined Toyota Motor Corporation Sep 2007 Joined Nagashima Ohno & Tsunematsu Aug 2014 Seconded to Financial Services Agency Apr 2019 Joined Miura & Partners (current) Jan 2020 Director, Ashiro Co., Ltd. May 2020 Audit & Supervisory Board Member, Cocopelli Co., Ltd. Oct 2022 Director (Audit and Supervisory Committee Member) of the Company (current) Mar 2024 Audit & Supervisory Board Member, Sodick Co., Ltd. Mar 2025 Director (Audit and Supervisory Committee Member), Sodick Co., Ltd. (current) Mar 2026 Director (Audit and Supervisory Committee Member), Euglena Co., Ltd. (current) May 2026 Audit & Supervisory Board Member, Seven & i Holdings Co., Ltd. (current)
1979-01-15
Masaaki AONO
Director (Audit and Supervisory Committee Member)
Dec 2009 Joined Nagashima Ohno & Tsunematsu Sep 2015 Seconded to Mayer Brown Jun 2017 Seconded to Ministry of Justice Apr 2022 Joined CrossOver Law Office (current) Sep 2022 Audit & Supervisory Board Member, Early Works Co., Ltd. (now Perpetuals.com) Oct 2022 Director (Audit and Supervisory Committee Member) of the Company (current)
1983-10-16
Large Shareholding Reports
Yuta YAMAMOTO
2026-04-22
13.80%→13.76%
Annual report (as of 2026-03-31): 13.76%
Yuta YAMAMOTO
2026-04-22
13.95%→13.76%
Annual report (as of 2026-03-31): 13.76%
Takao MIYAZAWA
2026-04-14
14.81%→14.67%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 14.66%
Takao MIYAZAWA
2026-04-13
14.81%→14.67%
Annual report (as of 2026-03-31): 14.66%
Yuta YAMAMOTO
2025-11-06
14.87%→13.80%
Annual report (as of 2026-03-31): 13.76%
Yuta YAMAMOTO
2025-11-06
14.87%→13.95%
Annual report (as of 2026-03-31): 13.76%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-12
Q1 Earnings Flash
FY ending Mar 2027
EDINETAmended
2026-06-26
Amended Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-04-22
Change Report
EDINET
2026-04-22
Large Shareholding Report
EDINETAmended
2026-04-14
Change Report
EDINET
2026-04-13
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-11-06
Large Shareholding Report
EDINETAmended
2025-11-06
Change Report
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-14
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
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