Overview
Wholesale Trade

MICREED Co.,Ltd.

Miclead operates a mail-order business supplying commercial food ingredients to small and medium-sized restaurants, primarily individually-owned izakayas (Japanese-style pubs), across Japan. The company offers over 4,000 SKUs—including meat, fish, vegetables, skewered items, fried foods, and desserts—at unified, quote-free prices with next-day delivery available 365 days a year, sourced from approximately 1,000 manufacturers. Its competitive strengths lie in reducing procurement and preparation burdens for small operators who lack access to traditional wholesale sales channels, including small-pack and individually quick-frozen formats that minimize food waste.

Market Cap
¥3.24B
US$20.7M
EV
¥2.14B
US$13.7M
Stock¥488▼-2.20%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.8
x
LTM EV/EBIT
5.5
x
LTM PER
12.0
x
LTM PBR
1.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-33.7%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
3.24BUS$20.7MMarket Cap0.00BUS$0.00M+ Debt1.10BUS$7.00M− Cash0.00BUS$0.00M− Inv. Sec.2.14BUS$13.7MEV
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Performance & Balance
Revenue 5Y (¥B)
3.03US$19.3M'22/34.67US$29.8M'23/35.94US$37.9M'24/36.78US$43.2M'25/37.67US$48.9M'26/3
EBITDA 5Y (¥B)
0.01US$0.03M'22/30.27US$1.71M'23/30.39US$2.51M'24/30.43US$2.75M'25/30.47US$2.98M'26/3
Net Income 5Y (¥B)
-0.04-US$0.24M'22/30.13US$0.85M'23/30.22US$1.42M'24/30.26US$1.65M'25/30.28US$1.78M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
0.50US$3.18M'22/30.60US$3.83M'23/30.84US$5.37M'24/30.92US$5.85M'25/31.17US$7.45M'26/3
Shareholders
Top 10 hold 64.8%
1
HitoMile Co.,Ltd.
23.59%
2
KOKUBU GROUP CORP.
18.04%
3
TOHO Co.,Ltd.
9.07%
4
Reiko KATAYAMA
3.57%
5
Yuji NISHIMURA
3.52%
6
Fuminori ISHII
1.81%
7
Ryuichi DEGUCHI
1.51%
8
Custody Bank of Japan, Ltd. (Trust Account)
1.40%
9
Tsutomu MATSUOKA
1.35%
10
Ye CHEN
0.92%
Management
9 officers
Reiko KATAYAMA
Representative Director, President
Apr 1988 Joined Nikko Securities Co., Ltd. (now SMBC Nikko Securities Inc.) Dec 1992 Joined Misumi Corporation (now MISUMI Group Inc.) Sep 2003 General Manager, Food Division, Misumi Corporation Oct 2007 Executive Officer, Kakuyasu Corporation (now Kakuyasu Group Inc.) Nov 2012 Representative Director, President, the Company (current) Dec 2021 Outside Director, BALMUDA Inc. (current)
1965-03-17
Tadanori NAGASHIMA
Director
Apr 2000 Joined Misumi Corporation (now MISUMI Group Inc.) Oct 2007 Joined Kakuyasu Corporation (now Kakuyasu Group Inc.) Aug 2010 Joined ASKUL Corporation Mar 2017 General Manager, Infrastructure Management Division, the Company Jun 2019 Director, in charge of Business Division, the Company Apr 2026 Director, in charge of New Business Division, the Company (current)
1977-04-06
Koji NISHITANI
Director
Apr 1990 Joined McKinsey & Company, Inc. Japan Oct 2002 Executive Officer, Misumi Corporation (now MISUMI Group Inc.) Jun 2003 Director, Misumi Corporation Jun 2009 Director, Honma Golf Co., Ltd. Apr 2010 Representative Director, Honma Golf Co., Ltd. Apr 2016 Executive Partner, Ant Capital Partners Co., Ltd. Jun 2017 Outside Director, the Company (current) Dec 2018 Outside Director, H&H Holdings Co., Ltd. Jun 2019 Representative Director, President, Yukai Resort Co., Ltd. Apr 2024 Representative Director, President, GENSEN HOLDINGS Co., Ltd. Jun 2025 Representative Director, President, CB Group Management Co., Ltd. (current)
1964-06-13
Hiroyuki IZUTSU
Director (Audit and Supervisory Committee Member)
Apr 1984 Joined Sumitomo Metal Mining Co., Ltd. Dec 1991 Director, Kinko's Japan Co., Ltd. Jun 2006 Director and CFO, MISUMI Group Inc. May 2011 Representative Director, President, Light Management Japan Co., Ltd. Aug 2013 Representative Director, President, ManpowerGroup Japan K.K. Apr 2017 Managing Executive Officer, Takamatsu Construction Group Co., Ltd. Apr 2020 Chairman and Director, Trite Corporation Mar 2025 Director, Trite Corporation Jun 2025 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1961-08-16
Hiroshi HASEGAWA
Director
Jul 1992 Joined Kakuyasu Corporation (now Hitomairu Inc.) Jun 2006 General Manager, Product Division, Kakuyasu Corporation Mar 2009 General Manager, Sales Strategy Division, Kakuyasu Corporation Feb 2011 General Manager, Logistics Division, Kakuyasu Corporation Feb 2017 General Manager, Product Sales Promotion Division, Kakuyasu Corporation Feb 2020 Executive Officer, in charge of Logistics, Kakuyasu Corporation Oct 2020 Executive Officer, in charge of Logistics, Kakuyasu Corporation Oct 2024 Executive Officer and General Manager, Kyushu Branch, Kakuyasu Corporation Apr 2025 Executive Officer, in charge of Group Platform Promotion, Hitomairu Inc. Apr 2026 Executive Officer, in charge of Infrastructure, the Company Jun 2026 Director, in charge of Infrastructure, the Company (current)
1973-01-10
Manabu TANIGUCHI
Director
Apr 2009 Joined Takamatsu Construction Group Co., Ltd. Mar 2021 General Manager, Administration Division, the Company Mar 2026 Executive Officer, in charge of Administration, the Company Jun 2026 Director, in charge of Administration, the Company (current)
1985-09-24
Shigeaki ASAI
Director (Audit and Supervisory Committee Member)
Apr 1980 Joined Jacks Co., Ltd. Dec 1989 Joined Kita-Kanto Leasing Co., Ltd. Apr 1995 Joined Utsunomiya Iful Home Co., Ltd. Oct 2002 Joined Asahi Audit Corporation (now Azusa Audit LLC) Jun 2017 Full-time Outside Audit & Supervisory Board Member, the Company Jun 2020 Outside Audit & Supervisory Board Member, the Company Jun 2021 Full-time Outside Audit & Supervisory Board Member, the Company Jun 2025 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1956-02-21
Koji FUJITA
Director (Audit and Supervisory Committee Member)
Apr 1996 Registered with Daiichi Tokyo Bar Association; joined Koho Sogo Law Office Apr 2001 Partner Attorney, Koho Sogo Law Office (current); also Councillor and Legal Consultation Committee Member, Daiichi Tokyo Bar Association Apr 2013 Auditor, Daiichi Tokyo Bar Association Apr 2014 Councillor, Daiichi Tokyo Bar Association Jun 2017 Outside Audit & Supervisory Board Member, the Company Jun 2019 Outside Audit & Supervisory Board Member, Toa Road Corporation (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1964-01-22
Tami HIKIMA
Director (Audit and Supervisory Committee Member)
Apr 2002 Joined JTB Corp. Apr 2006 Registered as Judicial Scrivener Apr 2006 Joined Seven Joint Law Office Aug 2007 Joined Soma Judicial Scrivener Office Mar 2010 Opened Hikima Judicial Scrivener Office (current) Jun 2011 Officer, Shinjuku Branch, Tokyo Judicial Scrivener Association Jun 2017 Outside Audit & Supervisory Board Member, the Company Mar 2020 Outside Director, Tradeworks Inc. Jun 2025 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1979-12-11
Large Shareholding Reports
Hitomairu Co., Ltd.
2025-09-03
23.59%
Annual report (as of 2026-03-31): 23.59%
SKY Group Holdings Co., Ltd.
2025-09-03
23.92%→23.59%
SKY Group Holdings Co., Ltd.
2025-09-03
23.59%→0.00%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-30
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-18
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-29
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-10-30
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-03
Large Shareholding Report
EDINET
2025-09-03
Large Shareholding Report
EDINET
2025-09-03
Large Shareholding Report
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-30
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-10-31
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-01-31
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-10-31
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-07-31
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-21
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-01-31
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-10-31
Quarterly Securities Report
EDINET
2022-07-29
Quarterly Securities Report
EDINET
2022-06-22
Annual Securities Report
EDINET
2022-01-31
Quarterly Securities Report
EDINET
2021-10-29
Quarterly Securities Report
EDINET
2021-07-30
Quarterly Securities Report
EDINET
2021-06-23
Annual Securities Report
EDINET
2021-01-29
Quarterly Securities Report
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