Overview
Retail Trade

ICHIBANYA CO.,LTD.

Ichibanya operates CoCo Ichibanya ("CoCo壱番屋"), Japan's largest curry restaurant chain, offering highly customizable Japanese curry dishes through both company-owned and franchise locations domestically and internationally. The company generates revenue through direct restaurant operations, franchise support and food/supply sales to FC stores, royalty income, and trademark licensing to food manufacturers. As of February 2025, the group operates approximately 1,264 domestic stores across its CoCo Ichibanya and new-format restaurant brands.

Market Cap
¥169B
US$1.08B
EV
¥159B
US$1.01B
Stock¥1,061▲+0.38%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
24.9
x
LTM EV/EBIT
36.9
x
LTM PER
74.5
x
LTM PBR
5.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-5.5%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
169BUS$1.08BMarket Cap1.55BUS$9.90M+ Debt12.5BUS$79.5M− Cash0.58BUS$3.69M− Inv. Sec.0.65BUS$4.12M+ NCI159BUS$1.01BEV
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Performance & Balance
Revenue 5Y (¥B)
45.0US$287M'22/248.3US$308M'23/255.1US$352M'24/261.0US$389M'25/265.5US$418M'26/2
EBITDA 5Y (¥B)
4.35US$27.7M'22/25.19US$33.1M'23/26.42US$40.9M'24/26.63US$42.3M'25/26.73US$42.9M'26/2
Net Income 5Y (¥B)
2.92US$18.6M'22/22.54US$16.2M'23/22.69US$17.1M'24/23.17US$20.2M'25/22.56US$16.3M'26/2
Capital Structure
95%
EquityD/E 0.05xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
18.0US$115M0.98US$6.28M'22/218.1US$115M0.74US$4.74M'23/216.3US$104M0.39US$2.46M'24/216.0US$102M1.50US$9.56M'25/213.9US$88.5M1.80US$11.5M'26/2
Shareholders
Top 10 hold 64.7%
1
House Foods Group Inc.
51.00%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
5.05%
3
Best Life Co., Ltd.
3.31%
4
TOKAN Co.,LTD.
2.19%
5
Custody Bank of Japan, Ltd. (Trust Account)
0.91%
6
CP Kasei Co., Ltd.
0.63%
7
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
0.43%
8
ICHIBANYA CO.,LTD. Stock Ownership Association
0.40%
9
ISHARES CORE MSCIEAFE ETF (Standing Proxy: Citibank, N.A., Tokyo Branch)
0.40%
10
Nomura Securities Co., Ltd.
0.36%
Management
8 officers
Mamoru KUZUHARA
Representative Director, President; General Manager of National Headquarters, in charge of Marketing Headquarters and Product Headquarters
Apr 1987 Joined Hiroshima City Hotel Ltd. Jan 1992 Joined the Company Jun 2006 General Manager, Overseas Business Division Jun 2013 General Manager, Overseas Business Headquarters Aug 2013 Director, General Manager, Overseas Business Headquarters Jun 2015 Managing Director, General Manager, Overseas Business Headquarters Mar 2018 Representative Director, Executive Vice President Mar 2019 Representative Director, President Mar 2021 Representative Director, President; in charge of Audit Office Mar 2022 Representative Director, President; in charge of New Business Development Headquarters May 2023 Representative Director, President; in charge of New Business Development Headquarters and Overseas Business Division Mar 2024 Representative Director, President and Executive Officer; in charge of Overseas Business Headquarters, President's Office and Audit Office Mar 2025 Representative Director, President and Executive Officer Mar 2026 Representative Director, President; General Manager of National Headquarters, in charge of Marketing Headquarters and Product Headquarters (current)
1967-06-30
Tatsuo MIYAZAKI
Senior Managing Director; in charge of Administration Headquarters, Production Headquarters and Domestic Subsidiaries
Mar 1989 Joined Towa Register Sales Co., Ltd. Mar 1990 Joined the Company Dec 2000 General Manager, Sales Third Division Jun 2002 General Manager, Sales Second Division Jun 2003 Deputy General Manager, Business Headquarters; General Manager, Marketing Division Aug 2004 Director, General Manager, Business Headquarters; General Manager, Marketing Division Jun 2007 Director, General Manager, Business Headquarters and Central Japan Headquarters; General Manager, Marketing Division Jun 2008 Director, General Manager, Sales Headquarters; in charge of Store Planning Division Jun 2012 Director, General Manager, Business Planning Headquarters Jun 2014 Director, General Manager, Eastern Japan Headquarters Jun 2016 Director, General Manager, Business Improvement Promotion Headquarters Mar 2018 Managing Director, General Manager, Business Improvement Promotion Headquarters Mar 2020 Managing Director; in charge of Management Planning Office, Human Resources and General Affairs Division, and Customer Service Center Mar 2021 Senior Managing Director; in charge of Management Planning Office, Human Resources Division, General Affairs Division, and Customer Service Center Mar 2022 Senior Managing Director, General Manager, Administration Headquarters Mar 2023 Senior Managing Director, General Manager, Administration Headquarters; in charge of Domestic Subsidiaries Mar 2023 Director, Daikoku Shoji Co., Ltd. (current) Mar 2023 Director, Takei Co., Ltd. Dec 2023 Director, LFD JAPAN Co., Ltd. (current) Mar 2024 Director, Senior Executive Officer; in charge of Administration Headquarters, Production Headquarters and Domestic Subsidiaries Jan 2025 Director, KOZOU Co., Ltd. (current) Feb 2025 Director, ITE Company Co., Ltd. (current) Mar 2026 Senior Managing Director; in charge of Administration Headquarters, Production Headquarters and Domestic Subsidiaries (current)
1964-02-22
Shiro ADACHI
Managing Director
May 1989 Joined Kokusai Hire Co., Ltd. Feb 1993 Joined the Company Jun 2004 General Manager, Sales Second Division Jun 2008 General Manager, Eastern Japan Headquarters Jun 2012 General Manager, Central Japan Headquarters Jun 2016 General Manager, Eastern Japan Headquarters Aug 2016 Director, General Manager, Eastern Japan Headquarters Mar 2018 Director, General Manager, Sales Headquarters Mar 2020 Managing Director, General Manager, Sales Headquarters Mar 2022 Managing Director; in charge of RC Business Division, FC Business Division and Marketing Headquarters Mar 2023 Managing Director; in charge of RC Business Division, FC Business Division, Marketing Headquarters and Strategic Sales Division Mar 2024 Director, Managing Executive Officer; in charge of New Business Development Headquarters, RC Business Division and FC Business Division Mar 2025 Director, Managing Executive Officer; in charge of RC Business Division, FC Business Division and Bakery Business Division Mar 2026 Managing Director (current)
1961-09-08
Atsushi SAKUMA
Director
Apr 1989 Joined House Foods Corporation (currently House Foods Group Inc.) Oct 2013 General Manager, Development Division 1, Research and Development Center, the same company Apr 2015 General Manager, Food Business Division 1, the same company Apr 2018 Director, Head of Research and Development Center; in charge of Quality Assurance Department and New Field Development Department, the same company Apr 2021 Managing Director, Head of Research and Development Center; in charge of Quality Assurance Department, the same company Apr 2023 Executive Officer, Head of Corporate Communications Headquarters; in charge of New Business Development Department and Agri-Business Promotion Department, House Foods Group Inc. May 2023 Director, the Company (current) Jun 2023 Director, Head of Corporate Communications Headquarters; in charge of New Business Development Department and Agri-Business Promotion Department, House Foods Group Inc. Apr 2024 Director, Head of Corporate Communications Headquarters; in charge of Digital Strategy Headquarters and Domestic Affiliates Business Promotion Department, House Foods Group Inc. Apr 2026 Director, in charge of Functional Material Value Chain; Head of Corporate Communications Headquarters; in charge of Digital Strategy Headquarters, House Foods Group Inc. (current)
1964-11-03
Toshihiro UCHIDA
Director, Audit and Supervisory Committee Member
Apr 1991 Joined Nomura Securities Co., Ltd. Feb 1993 Joined Tokai Research Institute, Inc. (currently Mitsubishi UFJ Research & Consulting Co., Ltd.) Jan 2006 Senior Economist, Research Department, Mitsubishi UFJ Research & Consulting Co., Ltd. Apr 2015 Visiting Professor, Faculty of Economics, Chukyo University (current) Apr 2015 Councilor, Umemura Gakuen Educational Corporation Jan 2019 Part-time Director, Umemura Gakuen Educational Corporation Apr 2019 Standing Director, Umemura Gakuen Educational Corporation (current) May 2021 Director, Audit and Supervisory Committee Member, the Company (current)
1968-01-25
Mitsuru NAITO
Director, Audit and Supervisory Committee Member
Oct 1986 Joined Tohmatsu & Co. (Audit Corporation) Mar 1990 Registered as Certified Public Accountant Jan 1999 Opened Naito Certified Public Accountant Office; Head (current) May 2000 Registered as Certified Tax Accountant Oct 2000 Established Leadway Consulting Co., Ltd.; Representative Director (current) Jul 2002 Established Leadway Tax Corporation; Representative Partner Aug 2006 Audit & Supervisory Board Member, the Company Aug 2015 Director, Audit and Supervisory Committee Member, the Company (current)
1962-02-26
Yoko HARUMA
Director, Audit and Supervisory Committee Member
Oct 2001 Registered as Attorney-at-Law (registered name: Yoko NOGUCHI); joined Torikai Sogo Law Office Nov 2003 Joined Ishihara Sogo Law Office Oct 2006 Opened Haruma & Noguchi Law Office (currently and LEGAL Attorney Corporation); Attorney-at-Law (current) Aug 2014 Director, the Company Aug 2015 Director, Audit and Supervisory Committee Member, the Company (current)
1974-11-19
Naoko MIYAO
Director, Audit and Supervisory Committee Member
Apr 1996 Judge's Assistant, Osaka District Court Apr 2006 Judge, Kishiwada Branch, Osaka District Court Apr 2007 Judge, Naha District Court Apr 2008 Judge, Naha Family Court May 2010 Registered as Attorney-at-Law; joined Plaza Law Office (currently Plaza Law Office Attorney Corporation); Attorney-at-Law (current) May 2025 Director, Audit and Supervisory Committee Member, the Company (current)
1970-06-08
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-14
Semi-Annual Securities Report
Period: Mar 2026 – Feb 2027
TDnet
2026-10-05
Q2 Earnings Flash
FY ending Feb 2027
TDnet
2026-06-26
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-05-28
Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2025-12-26
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2025-10-14
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2025-06-23
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-30
Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2024-12-23
Q3 Earnings Flash
FY ending Feb 2025
EDINET
2024-10-11
Semi-Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINET
2024-07-12
Quarterly Securities Report
Period: Mar 2024 – May 2024
TDnet
2024-06-24
Q1 Earnings Flash
FY ending Feb 2025
EDINET
2024-05-30
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
2023-07-10
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-05-31
Annual Securities Report
Period: Mar 2022 – Feb 2023
EDINET
2023-01-13
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINETAmended
2022-11-14
Amended Annual Securities Report
EDINETAmended
2022-11-14
Amended Annual Securities Report
EDINETAmended
2022-11-14
Amended Annual Securities Report
EDINETAmended
2022-11-14
Amended Annual Securities Report
EDINETAmended
2022-11-14
Amended Annual Securities Report
EDINET
2022-10-11
Quarterly Securities Report
EDINET
2022-07-08
Quarterly Securities Report
EDINET
2022-05-27
Annual Securities Report
EDINET
2022-01-14
Quarterly Securities Report
EDINET
2021-10-13
Quarterly Securities Report
EDINET
2021-07-08
Quarterly Securities Report
EDINETAmended
2021-07-07
Amended Annual Securities Report
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