Overview
Retail Trade

MARCHE CORPORATION

Marche Corporation operates a chain of izakaya (Japanese pub-style restaurants) primarily in the Kansai region of Japan, under multiple brands including Suikoден (Suikoden), Hakkenден (Hakkenden), Ishinден (Ishinden), and Gyoza Shokudo Maruken, among others. The company's offerings span large-scale casual izakaya, charcoal-grilled skewer specialty restaurants, low-price teppan dining, and gyoza-focused eateries, targeting a broad customer base with affordable, quality food and drink. In addition to directly operated restaurants, the company generates revenue through a franchise (FC) business model providing management guidance and royalties, as well as a merchandise division supplying alcohol and food ingredients to FC member stores.

Market Cap
¥2.74B
US$17.5M
EV
¥1.48B
US$9.44M
Stock¥171▼-1.72%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
38.8
x
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
1.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-37.9%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
2.74BUS$17.5MMarket Cap1.21BUS$7.74M+ Debt2.43BUS$15.5M− Cash0.04BUS$0.27M− Inv. Sec.1.48BUS$9.44MEV
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Performance & Balance
Revenue 5Y (¥B)
2.63US$16.8M'22/34.61US$29.4M'23/34.68US$29.8M'24/34.58US$29.2M'25/34.77US$30.4M'26/3
EBITDA 5Y (¥B)
-1.13-US$7.21M'22/3-0.29-US$1.88M'23/30.16US$1.02M'24/30.11US$0.70M'25/30.05US$0.30M'26/3
Net Income 5Y (¥B)
-0.32-US$2.06M'22/3-0.59-US$3.76M'23/30.03US$0.22M'24/30.03US$0.22M'25/3-0.05-US$0.29M'26/3
Capital Structure
58%
42%
EquityD/E 0.74xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
2.40US$15.3M2.28US$14.5M'22/32.33US$14.9M2.23US$14.2M'23/32.56US$16.3M2.22US$14.1M'24/32.15US$13.7M2.01US$12.8M'25/31.47US$9.38M1.21US$7.74M'26/3
Shareholders
Top 10 hold 48.9%
1
TENPOS HOLDINGS Co.,Ltd.
21.01%
2
CHIMNEY CO.,LTD.
9.52%
3
Asahi Breweries, Ltd.
6.10%
4
Japan Securities Finance Co.,Ltd.
4.21%
5
Sumitomo Mitsui Banking Corporation
1.60%
6
SBI SECURITIES Co., Ltd.
1.43%
7
SBI Neotrade Securities Co., Ltd.
1.42%
8
Masayuki TANIGAKI
1.41%
9
Nakano Gaishoku Supply Co., Ltd.
1.10%
10
Tokyo Tanshi Co., Ltd.
1.09%
Management
8 officers
Atsushi MORISHITA
Representative Director, Chairman
Apr 1971: Joined Tokyo Denki Co., Ltd. (now Toshiba TEC Corporation) May 1992: Established Kakushaku Co., Ltd. (now Tempos Holdings Co., Ltd.); assumed position of Director Apr 1997: Assumed position of Representative Director, Kakushaku Co., Ltd. (now Tempos Holdings Co., Ltd.) Aug 2006: Assumed position of Director, Sanwa Dental Co., Ltd. Dec 2006: Assumed position of Director, Asakuma Co., Ltd. Jun 2009: Assumed position of Representative Director, Asakuma Co., Ltd. Jul 2016: Assumed position of Director, Tempos Holdings Co., Ltd. Jul 2016: Assumed position of Representative Director, Tempos.com Co., Ltd. Jul 2016: Assumed position of Director, Profit Laboratory Co., Ltd. Jun 2017: Assumed position of Director, Tempos Busters Co., Ltd. (spin-off preparation company; now Tempos Busters Co., Ltd.) Nov 2017: Assumed position of Representative Director, President, Tempos Holdings Co., Ltd. (current) Mar 2018: Assumed position of Representative Director, President, D-Spark Co., Ltd. (current) Apr 2018: Assumed position of Representative Director, Tempos Busters Co., Ltd. (current) Sep 2018: Assumed position of Representative Director, Tempos Joho-kan Co., Ltd. (current) Sep 2018: Assumed position of Representative Director, Tempos Food Place Co., Ltd. (current) Feb 2020: Assumed position of Representative Director, Dream Dining Co., Ltd. Jun 2022: Assumed position of Director, Kitchen Techno Co., Ltd. (current) Jun 2023: Assumed position of Director, Asakuma Co., Ltd. (current) Sep 2023: Assumed position of Representative Director, Yamato Sakana Co., Ltd. (current) Jan 2024: Assumed position of Managing Director, TENPOS MYANMAR CO.,Ltd. (current) Jun 2025: Assumed position of Director of the Company (current) Jul 2025: Assumed position of Representative Director, Chairman, Sunrise Service Co., Ltd. (current) Jan 2026: Assumed position of Chairman, TENPOS MONGOLIA LIMITED LIABILITY COMPANY (current)
1947-02-13
Hirotsugu KATO
Representative Director, President
Apr 1996: Joined the Company Apr 2011: Assumed position of Deputy General Manager, Kansai Hakkenden Division, the Company Jan 2014: Assumed position of Executive Officer and General Manager, Kansai Hakkenden Division, West Japan Sales Headquarters, the Company Apr 2014: Assumed position of Executive Officer and President, the Company Jun 2014: Assumed position of Representative Director, President, the Company Apr 2015: Assumed position of Representative Director, President and Executive Officer (General Manager, Kansai Hakkenden Business Division), the Company Apr 2015: Assumed position of Representative Director, President and Executive Officer, the Company Jun 2015: Assumed position of Representative Director, President, the Company Apr 2022: Assumed position of Representative Director, President (General Manager, Sales Headquarters), the Company Apr 2023: Assumed position of Representative Director, President, the Company Jan 2026: Assumed position of Representative Director, President (General Manager, Kansai Second Business Division), the Company (current)
1973-09-08
Kazuyuki NOSHI
Director
Apr 1987: Joined the Company Apr 2000: Assumed position of Branch Manager, Fukuoka Branch, the Company Apr 2002: Assumed position of Deputy General Manager, Hakkenden Franchise Division, the Company Apr 2007: Assumed position of Branch Manager, Nagoya Branch, the Company Apr 2011: Assumed position of Deputy General Manager, Suikoden Division, the Company Apr 2016: Assumed position of General Manager, Menu Development Division, the Company Apr 2017: Executive Officer (General Manager, Menu Development Division), the Company Apr 2019: Executive Officer (General Manager, Merchandise Headquarters and Assistant to the President), the Company Apr 2020: Assumed position of Executive Officer (General Manager, Merchandise Headquarters and General Manager, New Concept Development Division), the Company Jun 2020: Assumed position of Director (General Manager, Merchandise Headquarters and General Manager, New Concept Development Division), the Company Apr 2021: Assumed position of Director (General Manager, Merchandise Headquarters and General Manager, Menu Development Division), the Company Apr 2022: Assumed position of Director (General Manager, Merchandise Headquarters, General Manager, Merchandise Sales Division and General Manager, Marken Sales Division), the Company Apr 2023: Assumed position of Director (General Manager, Development Division), the Company Apr 2024: Assumed position of Director (General Manager, Development Division and in charge of Direct Operations Promotion Division), the Company Jan 2026: Assumed position of Director (General Manager, Kansai First Business Division), the Company (current)
1966-06-14
Kazunari SHIMIZU
Director
Nov 1991: Joined Bless Co., Ltd. (now Pronto Corporation) Oct 2002: Assumed position of General Manager, Sales Division, concurrently Principal, Pronto Business School, Pronto Corporation Mar 2005: Assumed position of General Manager, Sales Innovation Division, concurrently Vice President, Pronto Korea, Pronto Corporation Jan 2008: Assumed position of Senior Managing Director, Pronto Service Co., Ltd. Jul 2017: Joined Eat And Co., Ltd. (now Eat&Holdings Co., Ltd.); assumed position of Assistant, Restaurant Business Management Apr 2018: Assumed position of Executive Officer, Eat And Co., Ltd. Apr 2020: Assumed position of Representative Director, R Baker Co., Ltd. Aug 2022: Assumed position of Director and President, Yamato Co., Ltd. (now Yamato Sakana Co., Ltd.) Apr 2025: Assumed position of Director, Yamato Sakana Co., Ltd. (current) May 2025: Assumed position of Representative Director, Chairman, Asakuma Co., Ltd. (current) Jun 2025: Assumed position of Director of the Company (current) Jul 2025: Assumed position of Director, Sunrise Service Co., Ltd. (current)
1969-01-08
Atsushi BARATA
Director
Apr 1989: Joined Sumitomo Bank (now Sumitomo Mitsui Banking Corporation) Apr 2013: Assumed position of General Manager, Shibuya Corporate Sales Division III, Sumitomo Mitsui Banking Corporation Apr 2015: Assumed position of General Manager, Shizuoka Corporate Sales Division, Sumitomo Mitsui Banking Corporation Apr 2017: Assumed position of General Manager, Shinjuku Corporate Sales Division I, Sumitomo Mitsui Banking Corporation Apr 2019: Assumed position of Executive Officer, General Manager, Shinjuku Corporate Sales Division I, Sumitomo Mitsui Banking Corporation Apr 2020: Assumed position of Executive Officer, General Manager, East Japan Corporate Sales Division II, Sumitomo Mitsui Banking Corporation May 2022: Assumed position of Advisor, Chimney Co., Ltd. Jun 2022: Assumed position of Representative Director, President, Chimney Co., Ltd. (current) Jun 2022: Assumed position of Director, Tsubohachi Co., Ltd. (current) Jun 2023: Assumed position of Director of the Company (current)
1967-01-11
Shuji HAYAKAWA
Full-time Audit & Supervisory Board Member
Apr 1988: Joined the Company, assigned to General Affairs Division Jul 1993: Assumed position of Chief, Finance and Accounting Division, the Company Apr 1999: Assumed position of Manager, Internal Audit Office, the Company Jan 2007: Assumed position of Senior Manager, Internal Audit Office, the Company Apr 2017: Assumed position of Deputy General Manager, Finance and Accounting Division, the Company Apr 2018: Assumed position of Deputy General Manager, Internal Audit Office, the Company Jun 2023: Assumed position of Full-time Audit & Supervisory Board Member, the Company (current)
1966-02-27
Jun IWATA
Audit & Supervisory Board Member
Oct 1992: Joined Aoyama Audit Corporation (now PwC Arata LLC) Mar 1996: Registered as Certified Public Accountant Jan 1999: Joined PricewaterhouseCoopers Tax Office (now PwC Tax Corporation) Sep 2001: Established Iwata Certified Public Accountant Office; assumed position of Director of the office (current) Jun 2005: Assumed position of Audit & Supervisory Board Member, the Company (current) Oct 2008: Established BTJ Tax Corporation; assumed position of Representative Member (current) Jan 2010: Assumed position of Outside Audit & Supervisory Board Member, Atla Co., Ltd. (now Atla Group Co., Ltd.) Aug 2011: Assumed position of Outside Director, Dawn Co., Ltd. Aug 2016: Assumed position of Director, Dawn Co., Ltd. (current) Mar 2017: Assumed position of Outside Director and Audit and Supervisory Committee Member, Atla Co., Ltd. (current)
1969-12-23
Naoto MEGA
Audit & Supervisory Board Member
Oct 2002: Registered as Attorney at Law Apr 2011: Assumed position of Representative, Poplar Law Office (current) Mar 2023: Assumed position of Provisional Audit & Supervisory Board Member, the Company Jun 2023: Assumed position of Audit & Supervisory Board Member, the Company (current)
1971-11-26
Large Shareholding Reports
Tempos Holdings Corporation
2026-07-28
19.97%→48.98%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 21.01%
Tempos Holdings Corporation
2026-07-01
19.97%→48.98%
Annual report (as of 2026-03-31): 21.01%
Tempos Holdings Corporation
2026-05-29
19.97%→19.97%
Annual report (as of 2026-03-31): 21.01%
Disclosures
Executive Change
2026-10-16
Executive Change
2026-10-16
Primary Source Filings
TDnet
2026-10-16
Executive Change
TDnet
2026-10-16
Executive Change
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINETAmended
2026-07-28
Change Report
EDINET
2026-07-01
Large Shareholding Report
EDINET
2026-06-29
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-29
Large Shareholding Report
EDINET
2026-05-18
Securities Registration Statement
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-05-26
Securities Registration Statement
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnetAmended
2024-08-20
Q1 Earnings Flash
FY ending Mar 2025
TDnet
2024-08-13
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-27
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINETAmended
2021-06-30
Amended Annual Securities Report
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