Overview
Retail Trade

Eco's Co.,Ltd.

ECOS Group operates supermarkets across Japan under multiple banners including ECOS, TAIRAYA, Yono Food Center, Masuda, and Cocos Nakamura, selling fresh foods, general groceries, and daily necessities. The Group differentiates itself through store-led operations that emphasize local community characteristics, allowing individual stores to tailor their offerings to regional needs. Supporting operations include logistics center management (TS Logistics), real estate leasing, wholesale of general foods and daily goods, and recycling businesses.

Market Cap
¥26.0B
US$166M
EV
¥24.0B
US$153M
Stock¥2,354▲+1.77%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.1
x
LTM EV/EBIT
4.3
x
LTM PER
13.9
x
LTM PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-40.6%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 26, 26Activist fund large shareholding disclosed
MC → EV Bridge
26.0BUS$166MMarket Cap10.6BUS$67.6M+ Debt11.3BUS$71.8M− Cash1.25BUS$8.00M− Inv. Sec.24.0BUS$153MEV
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Performance & Balance
Revenue 5Y (¥B)
138US$878M'22/2123US$783M'23/2130US$829M'24/2137US$875M'25/2138US$880M'26/2
EBITDA 5Y (¥B)
7.48US$47.7M'22/26.05US$38.6M'23/27.42US$47.3M'24/27.90US$50.4M'25/27.88US$50.3M'26/2
Net Income 5Y (¥B)
3.90US$24.9M'22/21.61US$10.3M'23/23.58US$22.8M'24/24.13US$26.3M'25/22.65US$16.9M'26/2
Capital Structure
74%
26%
EquityD/E 0.36xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
12.6US$80.2M11.9US$75.7M'22/210.0US$63.9M11.5US$73.3M'23/213.1US$83.6M11.8US$75.2M'24/214.0US$89.2M12.7US$81.3M'25/211.2US$71.5M9.93US$63.3M'26/2
Shareholders
Top 10 hold 57.9%
1
Takuma Co., Ltd.
18.21%
2
Taira Corporation
18.14%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
4.99%
4
Eco's Co.,Ltd. Employee Stock Ownership Association
2.93%
5
Tomio TAIRA
2.81%
6
Custody Bank of Japan, Ltd. (Trust Account)
2.78%
7
Mamada Co., Ltd.
2.68%
8
Noriko TAIRA
2.55%
9
SMBC Nikko Securities Inc.
1.94%
10
Kunio TAIRA
0.90%
Management
7 officers
Kunio TAIRA
Representative Director, President and Executive Officer
Apr 1991 Joined Daiei, Inc. Oct 1994 Joined the Company; Director May 1999 Managing Director; Head of Planning Office and Deputy Head of Development Division Jan 2000 Managing Director; Head of First Sales Business Division Sep 2001 Managing Director; Deputy Head of Sales Division (Sales) Nov 2002 Managing Director; Head of Sales Division May 2004 Senior Managing Director; Head of Sales Division and in charge of Logistics Department Aug 2004 Representative Director, President, Masuda Co., Ltd. May 2005 Director, Executive Vice President; Head of Sales Division Mar 2006 Representative Director, President; Head of Sales Division Apr 2007 Representative Director, Chairman, Masuda Co., Ltd. Nov 2008 Representative Director, President Apr 2009 Representative Director, President; Head of Sales Division Sep 2009 Director, Masuda Co., Ltd. Mar 2012 Representative Director, President of the Company Mar 2012 Representative Director, Chairman, Masuda Co., Ltd. (current) Mar 2012 Director, Heiwa Co., Ltd. (current) May 2014 Representative Director, Chairman, Taira-ya Co., Ltd. (current) Sep 2014 Director, TS Logitec Co., Ltd. May 2019 Representative Director, President, Reiwa Co., Ltd. May 2022 Representative Director, Chairman, Yono Food Center Co., Ltd. (current) May 2022 Representative Director, President and Executive Officer of the Company (current) Sep 2024 Representative Director, Chairman and Executive Officer, Cocos Nakamura Co., Ltd. (current)
1968-06-12
Noriko TAIRA
Director, Vice President and Executive Officer
Aug 1995 Joined the Company Mar 1997 Office Affairs Manager, General Affairs Department Mar 2000 Manager, General Affairs Department Feb 2006 General Manager, Prepared Foods Division; Head of Prepared Foods Plant Preparation Office May 2006 Director; General Manager, Prepared Foods Division; Head of Prepared Foods Plant Preparation Office Jun 2006 Director; General Manager, Prepared Foods Division Sep 2011 Director; Deputy Head of Sales Division Mar 2012 Managing Director; Deputy Head of Sales Division May 2012 Managing Director of the Company; Managing Director, Taira-ya Co., Ltd. May 2013 Senior Managing Director, Taira-ya Co., Ltd. Mar 2014 Representative Director, President, Taira-ya Co., Ltd. (current) May 2014 Director of the Company Sep 2014 Director, TS Logitec Co., Ltd. Jun 2017 Vice President and Director of the Company May 2018 Director, Heiwa Co., Ltd. (current) May 2022 Director, Vice President and Executive Officer of the Company Mar 2025 Director, Vice President and Executive Officer; Head of Sales Division of the Company (current)
1966-02-27
Shozo FUJITA
Director
Apr 1976 Appointed Public Prosecutor, Tokyo District Public Prosecutors Office Sep 2003 Chief Public Prosecutor, Saga District Public Prosecutors Office Jul 2008 Chief Prosecutor for Lay Judge Trials, Supreme Public Prosecutors Office Jun 2010 Prosecutor General, Hiroshima High Public Prosecutors Office Dec 2010 Prosecutor General, Nagoya High Public Prosecutors Office Aug 2011 Retired at mandatory retirement age Sep 2011 Registered as attorney-at-law Jun 2012 Representative Director, President, Resolution and Collection Corporation Oct 2015 Joined Okuno Sogo Law Office May 2017 Director of the Company (current) Feb 2019 Opened Fujita Shozo Law Office
1948-08-01
Nobuhiro NOHARA
Director
Apr 1991 Joined Matsushita Electric Industrial Co., Ltd. (now Panasonic Holdings Corporation) Mar 2007 Established Tachibana Industries Co., Ltd.; Representative Director (current) Apr 2015 Established Tandem Design Co., Ltd.; Representative Director (current) May 2016 Director of the Company (current)
1968-12-12
Shinichi ASAGA
Full-time Audit & Supervisory Board Member
Apr 1988 Joined The Kyowa Bank, Ltd. (now Resona Bank, Limited) Apr 2021 Audit & Supervisory Board Member, Resona Research Institute Co., Ltd. (transferred) Apr 2022 Part-time Audit & Supervisory Board Member, Resona Digital Hub Co., Ltd. May 2025 Full-time Audit & Supervisory Board Member of the Company (current)
1964-11-17
Shigeo SUZUKI
Audit & Supervisory Board Member
Apr 1994 Registered as attorney-at-law Jun 2003 Audit & Supervisory Board Member, Daia Kensetsu Co., Ltd. Apr 2006 Visiting Professor, Aoyama Gakuin University Apr 2007 Vice President, Daini Tokyo Bar Association Jun 2008 Auditor, Medical Corporation Yashinoki-kai (current) Feb 2014 Director of Public Relations, Daini Tokyo Bar Association May 2015 Managing Director, Tokyo Bar Association Cooperative May 2017 Audit & Supervisory Board Member of the Company (current)
1958-08-17
Maho AMAMIYA
Audit & Supervisory Board Member
Dec 2011 Registered as attorney-at-law; joined Amamiya Shinya Law Office Jul 2012 Contract Attorney, Aoyama Gakuin May 2017 Audit & Supervisory Board Member of the Company (current)
1972-03-29
Large Shareholding Reports
Taira Corporation
2025-10-21
14.13%→16.31%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-08-31): 18.14%
Taira Corporation
2025-10-20
14.13%→16.31%
Annual report (as of 2026-08-31): 18.14%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-13
Semi-Annual Securities Report
Period: Mar 2026 – Aug 2026
TDnet
2026-10-13
Q2 Earnings Flash
FY ending Feb 2027
TDnet
2026-07-14
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-05-19
Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2026-01-13
Q3 Earnings Flash
FY ending Feb 2026
EDINETAmended
2025-10-21
Change Report
EDINET
2025-10-20
Large Shareholding Report
EDINET
2025-10-14
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2025-07-15
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-23
Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2025-01-10
Q3 Earnings Flash
FY ending Feb 2025
EDINET
2024-10-15
Semi-Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINET
2024-07-12
Quarterly Securities Report
Period: Mar 2024 – May 2024
TDnet
2024-07-12
Q1 Earnings Flash
FY ending Feb 2025
EDINET
2024-05-23
Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINET
2024-01-12
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-13
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-14
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-05-26
Annual Securities Report
Period: Mar 2022 – Feb 2023
EDINET
2023-01-13
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINETAmended
2022-12-16
Amended Annual Securities Report
EDINET
2022-10-14
Quarterly Securities Report
EDINET
2022-07-15
Quarterly Securities Report
EDINET
2022-05-27
Annual Securities Report
EDINET
2022-01-14
Quarterly Securities Report
EDINET
2021-10-15
Quarterly Securities Report
EDINET
2021-07-15
Quarterly Securities Report
EDINET
2021-05-27
Annual Securities Report
EDINET
2021-01-14
Quarterly Securities Report
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