Overview
Wholesale Trade

TOHO LAMAC CO.,LTD.

Toho Lemac operates a footwear business focused on the planning and wholesale distribution of shoes, complemented by direct-to-consumer retail sales through its own e-commerce platform. The company develops and markets footwear brands targeting everyday comfort, with recent collaborations including Sanrio Characters. In addition to its core footwear segment, the company holds a real estate business engaged in the buying, selling, and holding of properties.

Market Cap
¥2.57B
US$16.4M
EV
¥2.32B
US$14.8M
Stock¥505▲+1.00%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
197.7
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-31.8%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
2.57BUS$16.4MMarket Cap1.62BUS$10.3M+ Debt1.44BUS$9.19M− Cash0.43BUS$2.76M− Inv. Sec.2.32BUS$14.8MEV
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Performance & Balance
Revenue 5Y (¥B)
6.34US$40.4M'21/126.38US$40.7M'22/125.10US$32.5M'23/124.76US$30.3M'24/124.55US$29.0M'25/12
EBITDA 5Y (¥B)
-0.20-US$1.27M'21/12-0.22-US$1.40M'22/12-0.17-US$1.12M'23/120.05US$0.29M'24/12-0.07-US$0.44M'25/12
Net Income 5Y (¥B)
-0.22-US$1.38M'21/12-0.01-US$0.04M'22/12-0.14-US$0.86M'23/120.12US$0.79M'24/120.02US$0.11M'25/12
Capital Structure
73%
27%
EquityD/E 0.37xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
2.49US$15.9M1.00US$6.40M'21/121.97US$12.6M0.90US$5.75M'22/122.39US$15.2M0.80US$5.10M'23/122.60US$16.6M0.80US$5.10M'24/122.43US$15.5M1.53US$9.76M'25/12
Shareholders
Top 10 hold 58.2%
1
Frontier Group Co., Ltd.
18.55%
2
Shoji KASAI
13.48%
3
Masayuki KANEKO
11.59%
4
Remac Kyoei-kai
3.53%
5
Yorimichi YOSHIHARA
2.80%
6
PERSHING-DIV. OF DLJ SECS. CORP. (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.86%
7
Nuru Co., Ltd.
1.70%
8
The Shoko Chukin Bank, Ltd.
1.67%
9
Masaki KASAI
1.65%
10
Eisuke SHIMIZU
1.34%
Management
11 officers
Nobutaka KASAI
Representative Director, President and Head of Corporate Planning Office
Feb 2001 Joined the Company Mar 2017 Deputy Head of Corporate Planning Office, Executive Officer Mar 2019 Director, Head of Corporate Planning Office and General Manager of Sales Division Mar 2025 Representative Director, President and Head of Corporate Planning Office (current)
1977-01-21
Koji YANO
Representative Director, Executive Managing Director
Apr 1992 Joined Takagi Securities Co., Ltd. (now Tokai Tokyo Securities Co., Ltd.) Sep 1994 Joined Hitachi Shinpan Co., Ltd. Jan 2004 Director, General Manager of Finance Department, Sanki Shoji Co., Ltd. Nov 2013 Director and Chief Financial Officer (CFO), Connect Technologies Inc. (now AsLina Inc.) Jan 2016 Representative Director, President, SBY Co., Ltd. Mar 2020 General Manager of Corporate Planning Department, Curtis Holdings Co., Ltd. Mar 2023 Director, Lebrun Support General Incorporated Association Representative Director, President, Daishin Bussan Co., Ltd. (now SKY Co., Ltd.) (current) Mar 2024 Director, General Manager of Real Estate Business Division, the Company Mar 2026 Representative Director, Executive Managing Director, the Company (current)
1969-07-28
Eriko KITAYAMA
Director, Head of Management Strategy Office
Apr 1981 Joined Dun & Bradstreet Japan Ltd. Apr 1990 Operating Director, Dun & Bradstreet Japan Ltd. Dec 2000 Representative Director, President, Dun & Bradstreet Japan Ltd. Dec 2010 Established Globelink Inc.; Representative Director, President (current) Mar 2015 Outside Director, the Company Jun 2015 Outside Director, Protocorporation Inc. Jan 2016 Outside Director, G-Three Holdings Co., Ltd. Mar 2017 Representative Director, President, SBY Co., Ltd. Feb 2018 Representative Director, President, Japan Champion Group Co., Ltd. Aug 2021 Representative, Japan Branch, Control Bionics Limited (Australia) (current) Mar 2024 Outside Director, the Company Aug 2025 Director, Head of Management Strategy Office, the Company (current)
1958-04-07
Tomoaki NASU
Director, General Manager of Administration Division and General Manager of Accounting Department
Mar 1991 Joined the Company Apr 2018 Section Manager, Accounting Department, the Company Apr 2023 Executive Officer, General Manager of Accounting Department, the Company Mar 2025 Executive Officer, General Manager of Administration Division and General Manager of Accounting Department, the Company Mar 2026 Director, General Manager of Administration Division and General Manager of Accounting Department, the Company (current)
1971-01-19
Yoshinori KANEKO
Director
Aug 1999 Joined Altec Co., Ltd. Feb 2000 Joined De Agostini Japan Co., Ltd. Nov 2003 Joined SFCG Co., Ltd. Oct 2007 Director, General Manager of Related Business Division, SFCG Co., Ltd. Aug 2008 Established Frontier Group Inc.; Representative Director (current) Mar 2024 Outside Director, the Company (current)
1974-11-03
Hideki YAMAGATA
Director
Apr 1996 Joined The Chiba Bank, Ltd. Apr 1997 Joined Land Trust Co., Ltd. May 2001 Senior Manager, Jones Lang LaSalle K.K. Sep 2007 Deputy General Manager, Mitsubishi Estate Investment Advisory Co., Ltd. Nov 2022 General Manager of Crowdfunding Business Division and General Manager of Real Estate Department, Frontier Group Inc. (current) Mar 2024 Outside Director, the Company (current)
1972-06-26
Masayuki KANEKO
Director
Apr 1995 Joined Green Shoes Co., Ltd. (now Green Co., Ltd.) Oct 1997 Managing Director, Green Shoes Co., Ltd. Oct 2004 Senior Managing Director, Okura Shokai Co., Ltd. Feb 2013 Representative Director, Okura Shokai Co., Ltd. (current) Jul 2015 Established Felicite Inc.; Representative Director (current) Sep 2023 Representative Director, Nuru Co., Ltd. (current) Jul 2024 Representative Director, Kocchi Co., Ltd. (current) Mar 2025 Outside Director, the Company (current) Mar 2025 Representative Director, President, Kitahara Co., Ltd. (current) Nov 2025 Representative Director, Mutation Co., Ltd. (current)
1970-07-27
Satoshi ONO
Director
Apr 1989 Entered Supreme Court Legal Training and Research Institute (43rd class trainee) Apr 1991 Registered as attorney, Daini Tokyo Bar Association Apr 2006 Opened Libra Law and Accounting Office; Head (current) Sep 2019 Outside Director, BRUNO Inc. (current) Apr 2024 Outside Audit & Supervisory Board Member, REXT Holdings Co., Ltd. (current) Mar 2026 Outside Director, the Company (current)
1964-10-22
Ken ITO
Full-time Audit & Supervisory Board Member
Mar 1982 Joined the Company Apr 2003 Section Manager, Sendai Branch, the Company Apr 2010 General Manager, North Japan Region, Sendai Branch, the Company Mar 2013 Executive Officer, Kobe Branch Manager, the Company Dec 2017 Deputy General Manager, Sales Division, the Company Jul 2018 General Manager, Sales Division and Leader, Logistics Section, the Company Mar 2020 Full-time Audit & Supervisory Board Member, the Company (current)
1963-07-07
Hiroka MACHIDA
Audit & Supervisory Board Member
Apr 1989 Registered with Tokyo Bar Association; joined Kawano Law Office Jun 1991 LL.M., University of Washington School of Law Sep 1991 Joined Sakura Joint Law Office Mar 2003 Outside Audit & Supervisory Board Member, the Company (current) Jun 2008 Joined Hisui Sogo Law Office (current) Jun 2021 Outside Director (Audit and Supervisory Committee Member), TAC Co., Ltd. (current)
1961-10-02
Yasushige TAKANO
Audit & Supervisory Board Member
Nov 2003 Joined Chuo Aoyama Audit Corporation May 2007 Joined Lehman Brothers Securities Co., Ltd. Aug 2007 Registered as Certified Public Accountant Oct 2008 Joined Nomura Securities Co., Ltd. Nov 2012 Joined Unison Capital Co., Ltd. Aug 2014 Representative Partner, Yowa Audit Corporation (current) Jan 2015 Opened Takano Yasushige Tax Accountant Office Jul 2015 Representative Partner, Japan Fund Service (partnership) (current) Jan 2016 Representative Director, Yugen Kaisha Takano Accounting Office (current) Sep 2021 Outside Director (Audit and Supervisory Committee Member), Axis Consulting Co., Ltd. (current) Jun 2022 Outside Director (Audit and Supervisory Committee Member), Future Venture Capital Co., Ltd. Jan 2025 Outside Director (Audit and Supervisory Committee Member), Wilco Holdings Co., Ltd. (current) Mar 2026 Outside Audit & Supervisory Board Member, the Company (current)
1980-11-10
Large Shareholding Reports
Monex Securities Co., Ltd.
2025-09-03
7.10%→0.15%
Monex Securities Co., Ltd.
2025-08-20
7.10%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-23
Q3 Earnings Flash
FY ending Dec 2026
EDINET
2026-07-31
Semi-Annual Securities Report
Period: Dec 2025 – Dec 2026
TDnet
2026-07-24
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-04-24
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-17
Annual Securities Report
Period: Dec 2024 – Dec 2025
TDnet
2026-02-19
株主総会招集通知
TDnet
2025-10-24
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-09-03
Large Shareholding Report
EDINET
2025-08-20
Large Shareholding Report
EDINET
2025-08-01
Semi-Annual Securities Report
Period: Dec 2024 – Dec 2025
TDnet
2025-04-25
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-17
Annual Securities Report
Period: Dec 2023 – Dec 2024
EDINET
2024-08-02
Quarterly Securities Report
Period: Mar 2024 – Jun 2024
EDINET
2024-05-02
Quarterly Securities Report
Period: Dec 2023 – Mar 2024
EDINET
2024-03-18
Annual Securities Report
Period: Dec 2022 – Dec 2023
EDINET
2023-11-02
Quarterly Securities Report
Period: Jun 2023 – Sep 2023
EDINET
2023-08-04
Quarterly Securities Report
Period: Mar 2023 – Jun 2023
EDINET
2023-05-01
Quarterly Securities Report
Period: Dec 2022 – Mar 2023
EDINET
2023-03-20
Annual Securities Report
Period: Dec 2021 – Dec 2022
EDINET
2022-11-02
Quarterly Securities Report
EDINET
2022-08-04
Quarterly Securities Report
EDINET
2022-05-02
Quarterly Securities Report
EDINET
2022-03-18
Annual Securities Report
EDINET
2021-10-29
Quarterly Securities Report
EDINET
2021-08-04
Quarterly Securities Report
EDINET
2021-04-30
Quarterly Securities Report
EDINET
2021-03-19
Annual Securities Report
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