Overview
Retail Trade

RYOHIN KEIKAKU CO.,LTD.

Ryohin Keikaku operates the MUJI (無印良品) retail brand, offering a broad range of private-label products spanning apparel, household goods, and food under its 'no-brand quality goods' philosophy. The company manages the full value chain from product planning and development to procurement, logistics, and direct retail sales, complemented by licensed store supply arrangements globally. Beyond core retail, the group operates Café & Meal MUJI food service outlets, campgrounds, housing sales through MUJI HOUSE, and the IDÉE lifestyle furniture brand.

Market Cap
¥2,504B
US$16.0B
EV
¥2,439B
US$15.6B
Stock¥4,715▲+2.57%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
18.4
x
LTM EV/EBIT
23.5
x
LTM PER
32.8
x
LTM PBR
6.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+31.0%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jul 13, 26Q3 FY2026/08 earnings announced
2Oct 15, 26Full-year FY2026/08 earnings announced
MC → EV Bridge
2,504BUS$16.0BMarket Cap95.8BUS$611M+ Debt169BUS$1.08B− Cash0.00BUS$0.00M− Inv. Sec.8.25BUS$52.6M+ NCI2,439BUS$15.6BEV
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Performance & Balance
Revenue 5Y (¥B)
496US$3.16B'22/8581US$3.71B'23/8662US$4.22B'24/8785US$5.00B'25/8924US$5.89B'26/8
EBITDA 5Y (¥B)
50.4US$321M'22/852.7US$336M'23/878.4US$500M'24/898.7US$629M'25/8133US$847M'26/8
Net Income 5Y (¥B)
24.6US$157M'22/822.1US$141M'23/841.6US$265M'24/850.8US$324M'25/876.4US$487M'26/8
Capital Structure
81%
19%
EquityD/E 0.23xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
94.7US$604M76.4US$488M'22/8117US$745M95.7US$610M'23/8128US$814M92.1US$587M'24/8138US$879M102US$651M'25/8169US$1.08B95.8US$611M'26/8
Shareholders
Top 10 hold 51.6%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
18.70%
2
Custody Bank of Japan, Ltd. (Trust Account)
10.53%
3
THE CHASE MANHATTAN BANK, N.A. LONDONSECS LENDING OMNIBUS ACCOUNT (Standing Proxy: Mizuho Bank, Ltd.)
6.21%
4
Custody Bank of Japan, Ltd. (Trust Account E)
4.02%
5
Mitsubishi Corporation
3.88%
6
JPMorgan Securities Japan Co., Ltd.
2.28%
7
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.97%
8
SMBC Nikko Securities Inc.
1.40%
9
Barclays Securities Japan Limited
1.37%
10
HSBC HONG KONG-TREASURY SERVICES A/C ASIAN EQUITIES DERIVATIVES (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
1.28%
Management
13 officers
Satoshi SHIMIZU
Representative Director, President
Oct 1996 Joined the Company Jun 2011 Store Manager, Muji Yurakucho Store, the Company Jun 2013 General Manager, Sales Division, the Company May 2015 Director, General Manager, Sales Division, the Company Jun 2015 Director, General Manager, East Asia Business Division, the Company Feb 2018 Managing Director, General Manager, Merchandising Headquarters; General Manager, Household Goods Division; General Manager, IDEE Business Division; in charge of Production Division, the Company Feb 2019 Managing Director, General Manager, Mainland China Business Division, the Company Sep 2021 Senior Managing Director, General Manager, Mainland China Business Division; in charge of Mainland China, Taiwan and Hong Kong Businesses, the Company Nov 2022 Deputy President; in charge of Mainland China, Taiwan and Hong Kong Businesses, the Company Aug 2023 Deputy President; in charge of Mainland China, Taiwan, Hong Kong Businesses and Household Goods Division, the Company Nov 2024 Representative Director, President, the Company (current) Director, MUJI HOUSE, Inc. (current)
1974-03-14
Hirotaka TAKAHASHI
Director
Apr 1996 Joined Seven-Eleven Japan Co., Ltd. Dec 2014 General Manager, Merchandising Headquarters, Seven-Eleven Japan Co., Ltd. Mar 2019 Executive Officer, General Manager, Merchandising Headquarters, Seven-Eleven Japan Co., Ltd. Mar 2020 Director, Executive Officer, General Manager, Merchandising Headquarters (integrated with Digital Service Headquarters), Seven-Eleven Japan Co., Ltd. Jan 2021 Director, Executive Officer, General Manager, QC & Logistics Management Headquarters; General Manager, Sustainability Promotion Office, Seven-Eleven Japan Co., Ltd. Apr 2022 Joined the Company; Executive Officer; in charge of Food Division Sep 2022 Senior Executive Officer; in charge of Food Division, the Company Nov 2024 Director, Senior Executive Officer, the Company (current) Aug 2025 Director, Senior Executive Officer; in charge of Customer Service Office, Legal & Intellectual Property Department, Risk Management Department, General Affairs Department, Public Relations & ESG Promotion Department and Accounting & Finance Department, the Company (current)
1972-12-04
Takahiro MIYAZAWA
Director
Apr 2006 Joined Crown Jewel Co., Ltd. Jul 2013 President, ZOZOUSED Co., Ltd. Nov 2019 Executive Officer, ZOZO, Inc. Jun 2022 Joined the Company; Executive Officer; in charge of EC & Digital Service Division Aug 2025 Senior Executive Officer; in charge of EC & Digital Service, Marketing and IT Service Divisions, the Company Nov 2025 Director, Senior Executive Officer; in charge of EC & Digital Service, Marketing and IT Service Divisions, the Company (current)
1982-03-04
Jun YOKOHAMA
Director
Apr 1987 Joined Hokkaido Takushoku Bank, Ltd. May 1998 Joined Boston Consulting Group Nov 2005 Managing Director & Partner, Boston Consulting Group Aug 2009 Joined Fast Retailing Co., Ltd. Aug 2009 Executive Officer, Fast Retailing Co., Ltd. May 2011 Senior Executive Officer, Fast Retailing Co., Ltd. Aug 2015 Joined Bushu Pharmaceuticals Ltd. Nov 2015 Representative Director, President & CEO, Bushu Pharmaceuticals Ltd. Sep 2021 Executive Officer; in charge of general administrative functions, the Company Nov 2021 Outside Director, AI Medical Service Inc. (current) Nov 2022 Senior Executive Officer; in charge of administrative functions, the Company Mar 2023 Senior Executive Officer; in charge of general administrative functions and Machi no Hoken-shitsu, the Company Aug 2025 Senior Executive Officer; in charge of Social Good Business Division, the Company Sep 2025 Designated Representative, President, MUJI ENERGY LLC (current) Nov 2025 Director, Senior Executive Officer; in charge of Social Good Business Division, the Company (current)
1963-12-24
Jun YOSHIKAWA
Director
Apr 1978 Joined Nomura Securities Co., Ltd. (now Nomura Holdings, Inc.) Jun 2000 Director, Nomura Securities Co., Ltd. Apr 2008 Director and President, Nomura Asset Management Co., Ltd. Jun 2011 Managing Executive Officer, Nomura Holdings, Inc.; CEO and President, Nomura Holding America Inc. Jun 2013 Director; Group COO, Nomura Holdings, Inc. Jun 2016 Adviser, Nomura Holdings, Inc. Apr 2017 Director, Nomura Real Estate Development Co., Ltd. Jun 2017 Chairman, Nomura Real Estate Holdings, Inc. May 2018 Outside Director, the Company (current) Jun 2021 Adviser, Nomura Real Estate Development Co., Ltd. Jun 2023 Director, Audit and Supervisory Committee Member, Asset Management One Co., Ltd. (current)
1954-04-07
Kumi ITO
Director
Apr 1987 Joined Sony Corporation (now Sony Group Corporation) Oct 1998 Joined IBM Japan, Ltd. Jun 2009 Director, IBM Corporation Jan 2014 Chief Marketing Officer, GE Healthcare Japan Corporation Oct 2016 Director, COO, 4U Lifecare Co., Ltd. Apr 2018 Representative Director, 4U Lifecare Co., Ltd. Jun 2018 Outside Director, True Data Inc. (current) Jun 2020 Outside Director, Fujikoga E&C Co., Ltd. Jun 2021 Outside Director, SOMPO Holdings, Inc. Jan 2022 Executive Director, University of Tsukuba (current) Nov 2022 Outside Director, the Company (current) Apr 2023 Representative Partner, Office KITO LLC (current) Jul 2025 Outside Director, SOMPO Care Inc. (current)
1964-12-20
Kei SUZUKI
Full-time Corporate Auditor
Apr 1987 Joined Seibu Department Stores, Ltd. (now Sogo & Seibu Co., Ltd.) Dec 1995 Joined the Company Feb 2001 General Manager, Overseas Business Division, the Company Feb 2005 Executive Officer; General Manager, European Region, Overseas Business Division, the Company Feb 2007 Executive Officer; General Manager, General Affairs & Human Resources and JSOX; in charge of Accounting & Finance, the Company May 2012 Director; Executive Officer; General Manager, Household Goods Division, the Company Feb 2017 Director; Executive Officer; General Manager, East Asia Business Division, the Company Jun 2018 Director; Executive Officer; General Manager, Asia & Oceania Business Division, the Company Feb 2019 Director; Executive Officer; in charge of Human Resources & General Affairs, Legal & Intellectual Property and Internal Audit Office, the Company Sep 2021 Director; Executive Officer; in charge of special projects, the Company Nov 2021 Full-time Corporate Auditor, the Company (current)
1964-08-04
Hajime ARAI
Corporate Auditor
Apr 1983 Joined Shell Sekiyu K.K. Sep 2002 General Manager, Management Information Office, Showa Shell Sekiyu K.K. Apr 2004 General Manager, Accounting Department, Showa Shell Sekiyu K.K. Mar 2005 Executive Officer; General Manager, Accounting Department, Showa Shell Sekiyu K.K. Mar 2006 Director; in charge of Accounting, Showa Shell Sekiyu K.K. Mar 2007 Managing Director; in charge of Corporate Planning, Accounting & Finance, Financial Information Assurance and Corporate Governance, Showa Shell Sekiyu K.K. Nov 2008 Representative Director, President, Showa Shell Sekiyu K.K. Mar 2013 Representative Director, Group COO, Showa Shell Sekiyu K.K. Apr 2016 Outside Director, Daiwa Sumishin Investment Trust & Investment Advisory Co., Ltd. Mar 2017 Outside Corporate Auditor, Kyowa Hakko Kirin Co., Ltd. (now Kyowa Kirin Co., Ltd.) Apr 2019 Outside Director, Mitsui Sumitomo DS Asset Management Co., Ltd. May 2020 Outside Corporate Auditor, the Company (current) Mar 2021 Outside Director, Kyowa Kirin Co., Ltd.
1959-02-28
Yuriko KATO
Director
Apr 2000 Joined Canon Inc. Apr 2001 Joined Sankyo Seisakusho Co., Ltd. Oct 2009 Founder, Representative Director & President, M-Square Lab Inc. (current) Mar 2017 Founder, Representative Director & President, Yasai Bus Co., Ltd. (current) Mar 2018 Outside Director, Shizuoka Gas Co., Ltd. Jul 2018 Founder, Glocal Design School Co., Ltd. Jun 2020 Outside Director, Suzuki Motor Corporation Nov 2022 Outside Director, the Company (current) Sep 2024 CEO, M2Labo Bharat Private Limited (current) Oct 2024 Representative Director, Yasai Bus Shokudo Co., Ltd. (current)
1974-06-19
Mayuka YAMAZAKI
Director
Apr 2000 Joined McKinsey & Company Jun 2002 Project Assistant Professor, Research Center for Advanced Science and Technology, The University of Tokyo Nov 2006 Joined Japan Research Center, Harvard Business School (HBS) Sep 2010 Assistant Professor (concurrent), Graduate School of Medicine, The University of Tokyo Sep 2014 Assistant Director, Japan Research Center, HBS Jan 2017 Special Contributing Editor, DIAMOND Harvard Business Review, Diamond, Inc. (current) Mar 2017 Founder and Head, IKERU Ikebana School (current) Jun 2019 Outside Director, Audit and Supervisory Committee Member, M3, Inc. (current) Jun 2021 Outside Director, Renova Inc. (current) Nov 2022 Outside Director, the Company (current)
1978-01-23
Kazuhiro AZUMA
Director
Apr 1982 Joined Resona Group Jun 2009 Director and Executive Vice President, Resona Holdings, Inc. Apr 2011 Director and Representative Executive Vice President, Resona Holdings, Inc. Apr 2012 Representative Director, Executive Vice President & Executive Officer, Resona Bank, Limited Apr 2013 Director and Representative Executive Officer, President, Resona Holdings, Inc.; Representative Director, President & Executive Officer, Resona Bank, Limited Jun 2013 Chairman, Osaka Bankers Association Apr 2017 Director, Chairman & Representative Director, President, Resona Bank, Limited Jun 2017 Chairman, Osaka Bankers Association Nov 2017 Vice Chairman, Osaka Chamber of Commerce and Industry (current) Apr 2020 Director, Chairman, Resona Holdings, Inc.; Director, Chairman, Resona Bank, Limited Jun 2020 Outside Director, SOMPO Holdings, Inc. (current) Jun 2021 Outside Director, Honda Motor Co., Ltd. (current) Jun 2022 Senior Advisor, Resona Holdings, Inc. (current); Senior Advisor, Resona Bank, Limited (current) Nov 2025 Outside Director, the Company (current)
1957-04-25
Kosuke YAMANE
Full-time Corporate Auditor
Apr 1981 Joined Komatsu Ltd. Apr 2003 General Manager, Public Relations & IR Department, Komatsu Ltd. Apr 2004 General Manager, Corporate Communications Department, Komatsu Ltd. Jan 2006 General Manager, Finance Department, Komatsu Ltd. Apr 2008 General Manager, e-KOMATSU Promotion Office, Komatsu Ltd. Apr 2011 Executive Officer; General Manager, Information Strategy Headquarters, Komatsu Ltd. Jun 2016 Full-time Corporate Auditor, Komatsu Ltd. Jun 2020 Adviser, Komatsu Ltd. Nov 2022 Outside Corporate Auditor, the Company (current)
1958-06-19
Maoko KIKUCHI
Corporate Auditor
Apr 1992 Appointed Public Prosecutor, Public Prosecutors Office, Ministry of Justice Aug 1997 Joined Paul Hastings LLP, Los Angeles Office Mar 1999 Registered as attorney-at-law in Japan and admitted to the New York State Bar; joined Nagashima Ohno & Tsunematsu Apr 2004 Joined Secretariat, Japan Fair Trade Commission May 2006 Managing Executive Officer, CCO, Vodafone K.K. (now SoftBank Corp.) Apr 2014 Executive Officer, Microsoft Japan Co., Ltd. Jun 2016 Full-time Outside Corporate Auditor, Mitsui-Soko Holdings Co., Ltd. Jun 2020 Outside Director, Mitsui-Soko Holdings Co., Ltd. (current); Outside Corporate Auditor, KADOKAWA Corporation Jul 2020 Outside Director, Hitachi Construction Machinery Co., Ltd. Aug 2020 Representative, Compass International Law Office (current) Nov 2023 Outside Corporate Auditor, the Company (current)
1965-07-14
Large Shareholding Reports
Nomura Asset Management Co., Ltd.
2026-10-22
5.76%→6.45%
Nomura Asset Management Co., Ltd.
2026-10-07
6.97%→5.76%
JPMorgan Asset Management (Japan) Ltd.
2026-09-18
2.05%→2.05%
J.P. Morgan Securities Japan Co., Ltd.
2026-09-03
0.94%→2.54%
Annual report (as of 2026-02-28): 2.28%
Mizuho Trust & Banking Co., Ltd.
2026-04-22
3.98%→3.98%
Mizuho Trust & Banking Co., Ltd.
2026-03-23
3.99%→3.98%
Capital Research and Management Company
2026-03-11
9.48%→9.49%
Capital Research and Management Company
2026-03-03
8.63%→9.48%
Capital Research and Management Company
2026-02-20
7.09%→8.63%
Capital Research and Management Company
2025-12-05
5.25%→7.09%
Mizuho Trust & Banking Co., Ltd.
2025-09-22
3.99%→3.99%
Capital Research and Management Company
2025-09-22
5.21%→5.25%
Amova Asset Management Co., Ltd.
2025-09-19
3.52%→3.20%
Mitsubishi UFJ Trust and Banking Corporation
2025-09-16
1.67%→1.67%
BlackRock Japan Co., Ltd.
2025-09-03
2.00%
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.
2025-09-01
1.94%
J.P. Morgan Securities plc
2025-08-20
2.86%→2.31%
Capital Research and Management Company
2025-08-07
5.07%→5.21%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-22
Large Shareholding Report
TDnet
2026-10-14
Full-Year Earnings Flash
FY ending Aug 2026
EDINET
2026-10-07
Large Shareholding Report
EDINET
2026-09-18
Large Shareholding Report
EDINET
2026-09-03
Large Shareholding Report
EDINET
2026-07-10
中期経営計画
FY ending Aug 2026
TDnet
2026-07-10
Q3 Earnings Flash
FY ending Aug 2026
EDINET
2026-04-22
Large Shareholding Report
EDINET
2026-04-13
Semi-Annual Securities Report
Period: Sep 2025 – Aug 2026
EDINET
2026-03-23
Large Shareholding Report
EDINET
2026-03-11
Large Shareholding Report
EDINET
2026-03-03
Large Shareholding Report
EDINET
2026-02-20
Large Shareholding Report
TDnet
2026-01-14
Q1 Earnings Flash
FY ending Aug 2026
EDINET
2025-12-05
Large Shareholding Report
EDINET
2025-11-21
Annual Securities Report
Period: Sep 2024 – Aug 2025
EDINET
2025-09-22
Large Shareholding Report
EDINET
2025-09-22
Large Shareholding Report
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-09-16
Large Shareholding Report
EDINET
2025-09-03
Large Shareholding Report
EDINET
2025-09-01
Large Shareholding Report
EDINET
2025-08-20
Large Shareholding Report
EDINET
2025-08-07
Large Shareholding Report
TDnet
2025-07-11
Q3 Earnings Flash
FY ending Aug 2025
EDINET
2025-04-14
Semi-Annual Securities Report
Period: Sep 2024 – Aug 2025
EDINETAmended
2025-02-07
Amended Annual Securities Report
Period: Sep 2022 – Aug 2023
EDINETAmended
2025-02-07
Amended Annual Securities Report
Period: Sep 2021 – Aug 2022
EDINETAmended
2025-02-07
Amended Annual Securities Report
Period: Mar 2019 – Feb 2020
EDINETAmended
2025-02-07
Amended Annual Securities Report
Period: Sep 2020 – Aug 2021
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