Overview
Retail Trade

Koukandekirukun,Inc.

Koukan Dekirukun operates an e-commerce platform ('交換できるくん') specializing in the replacement of residential housing equipment such as built-in dishwashers, gas stoves, range hoods, IH cooktops, toilets, vanities, bathroom heaters, gas water heaters, and air conditioners, bundled with professional installation services. The company targets homeowners seeking equipment replacement (not large-scale renovation) and differentiates through a fully internet-based business model where quotation, ordering, and scheduling are completed online, with transparent all-inclusive pricing disclosed upfront on its website. Key competitive strengths include accumulated content and user reviews driving organic site traffic, a 10-year free warranty on all installations, and skilled in-house and contracted technicians vetted through standardized skill assessments.

Market Cap
¥6.58B
US$42.0M
EV
¥6.10B
US$38.9M
Stock¥881▲+0.69%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
11.7
x
LTM EV/EBIT
14.3
x
LTM PER
27.0
x
LTM PBR
3.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-13.9%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 17, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
6.58BUS$42.0MMarket Cap0.97BUS$6.21M+ Debt1.43BUS$9.15M− Cash0.02BUS$0.13M− Inv. Sec.6.10BUS$38.9MEV
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Performance & Balance
Revenue 5Y (¥B)
4.81US$30.7M'22/36.04US$38.5M'23/37.57US$48.2M'24/310.3US$65.6M'25/312.6US$80.4M'26/3
EBITDA 5Y (¥B)
0.13US$0.81M'22/30.33US$2.12M'23/30.36US$2.29M'24/30.21US$1.31M'25/30.26US$1.65M'26/3
Net Income 5Y (¥B)
0.07US$0.42M'22/30.19US$1.18M'23/30.23US$1.47M'24/30.09US$0.57M'25/30.09US$0.58M'26/3
Capital Structure
68%
32%
EquityD/E 0.46xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
0.76US$4.84M0.11US$0.67M'22/31.15US$7.36M0.24US$1.52M'23/31.00US$6.35M0.57US$3.66M'24/30.85US$5.41M0.59US$3.77M'25/31.58US$10.1M1.03US$6.60M'26/3
Shareholders
Top 10 hold 73.2%
1
CRESCUNT Co., Ltd.
40.17%
2
Masaru KURIHARA
15.47%
3
Tsuyoshi KURIHARA
4.34%
4
Itochu Enex Home Life Co., Ltd.
4.02%
5
Cainz Corporation
4.02%
6
Kentaro MATSUDA
1.90%
7
Taiki TOCHIMOTO
0.92%
8
Nobuhiro SAKAKIBARA
0.80%
9
KW Holdings Co., Ltd.
0.80%
10
Daisuke KASHIWAGI
0.77%
Management
6 officers
Masaru KURIHARA
Director and Chairman
Apr 1996 Joined Mega Co., Ltd. Nov 1998 Established Keisis Co., Ltd. (now the Company); Representative Director and President Nov 2017 Established CRESCUNT Co., Ltd.; Representative Director (current) Jul 2021 Director, KD Service Co., Ltd. Jun 2022 Chairman of the Board, KD Service Co., Ltd. Oct 2024 Representative Director, KOUKANDEKIRUKUN ASIA PTE. LTD. (current) Nov 2025 Director, Kitchen Works Co., Ltd. (current) Jun 2026 Director and Chairman, the Company (scheduled)
1975-10-29
Koji SATO
Representative Director, President
Apr 1992 Joined Nihon Unisys, Ltd. (now BIPROGY Inc.) Mar 1998 Joined Hewlett-Packard Japan, Ltd. (now Hewlett-Packard Godo Kaisha) Aug 2004 Joined e-Venture Support Co., Ltd. Apr 2006 Director, e-Venture Support Co., Ltd. Jul 2007 Representative Director and President, e-Venture Support Co., Ltd.; Executive Officer, MAMEZO OS Holdings Co., Ltd. Jun 2008 Director, MAMEZO OS Holdings Co., Ltd. Dec 2009 Director, Fosternet Co., Ltd. Jan 2012 Director, JM Technology Co., Ltd. Apr 2015 Representative Chairman, Openstream Inc.; Representative Director and President, JM Technology Co., Ltd. Jul 2015 Representative Director and President, Sensings Japan Co., Ltd. Mar 2016 Representative Director and President, Kowamex Co., Ltd. Oct 2016 Representative Director and President, Neutral Co., Ltd. Jun 2018 Representative Director and President, MAMEZO Holdings Co., Ltd.; Director, MAMEZO Co., Ltd.; Director, NextScape Co., Ltd.; Director, NT Solutions Co., Ltd. Jun 2019 Director, MAMEZO Holdings Co., Ltd. May 2020 Vice President and Director, Openstream Inc. Jun 2021 Director, General Manager of Corporate Division, the Company Jun 2022 Representative Director, KD Service Co., Ltd.; Vice President and Director, General Manager of Corporate Division, the Company May 2023 Director, KD Service Co., Ltd. (current) Oct 2025 Director, IMI Co., Ltd. (current) Nov 2025 Director, Kitchen Works Co., Ltd. (current) Apr 2026 Director, IPS Co., Ltd. (current) Jun 2026 Representative Director and President, the Company (scheduled)
1969-04-09
Kensuke NAKAGAWA
Director (Note 1)
Apr 1981 Joined Matsushita Electric Works, Ltd. (now Panasonic Corporation) Apr 2007 General Manager, Metropolitan and Kanto Housing Sales Department, Panasonic Corporation Apr 2010 Executive Officer, General Manager, Strategic Planning Office, Panasonic Corporation Apr 2011 Executive Officer, General Manager, Housing Division, Panasonic Electric Works Co., Ltd. Apr 2015 Executive Officer, Deputy General Manager of Marketing, ES Company, Panasonic Corporation Jun 2018 Representative Director and President, Panasonic Living Co., Ltd. Jun 2023 Vice President and Executive Officer, Excelchanon Co., Ltd. Jun 2026 Director, the Company (scheduled)
1958-10-18
Hideyuki KANAMORI
Director (Audit and Supervisory Committee Member)
Apr 1998 Joined Inui Tatemono Co., Ltd. (now Inui Steamship Co., Ltd.) Apr 2013 Joined Kosei Co., Ltd. Jul 2014 General Manager, Administration Department, Kosei Co., Ltd. Jul 2015 Joined Life Hakudo Co., Ltd.; General Manager, Administration Department Aug 2020 Joined Openstream Inc. Sep 2025 General Manager, Business Promotion Department, the Company Oct 2025 Corporate Auditor, IMI Co., Ltd. (current) Jun 2026 Corporate Auditor, IPS Co., Ltd. (current); Corporate Auditor, KD Service Co., Ltd. (current); Corporate Auditor, Kitchen Works Co., Ltd. (current) Jun 2026 Director (Audit and Supervisory Committee Member), the Company (scheduled)
1974-08-10
Kengo SUZUKI
Director (Audit and Supervisory Committee Member) (Note 1)
Apr 2000 Registered as attorney-at-law Apr 2000 Joined Yonekawa Koichi Law Office (now Yonekawa Sogo Law Office) Sep 2004 Representative, Suzuki Kengo Law Office (current) Jun 2006 Director, Transport Osugi Co., Ltd. (current) Jun 2006 Director, Transport Seib Co., Ltd. (current) Apr 2012 Part-time Lecturer, Keio University Law School Jun 2012 Director, Shinkou Shoun Co., Ltd. (current) Feb 2015 Auditor, Nittaidai SC Yokohama General Incorporated Association Jun 2018 Outside Corporate Auditor, the Company Dec 2021 Outside Corporate Auditor, Polite Co., Ltd. Mar 2022 Director, Transport Group Headquarters Co., Ltd. (current) Apr 2022 Outside Director, HAPPY PRICE Co., Ltd. (now PRINCING DATA Co., Ltd.) Dec 2022 Outside Director, Polite Co., Ltd. Jun 2024 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1974-07-23
Yuko NODA
Director (Audit and Supervisory Committee Member) (Note 1)
Oct 1995 Passed the second stage of the Certified Public Accountant examination Aug 1997 Joined International Division, Chuo Aoyama Audit Corporation (now PwC Japan LLC) Apr 2002 Registered as Certified Public Accountant Aug 2005 Joined Yamada & Partners Certified Public Tax Accountant Corporation Jan 2007 Established Noda Sogo Accounting Office; Representative (current) Jan 2017 Outside Director, Otomo Logistics Service Co., Ltd. (current); Established Noda Sogo Consulting Co., Ltd.; Representative Director Jul 2018 Established Noda Sogo Asset Management Co., Ltd.; Representative Director Feb 2020 Outside Director, Uokin Co., Ltd. (current) Aug 2021 Outside Corporate Auditor, Non Stress Co., Ltd. (current) Nov 2021 Established Noda Sogo M&A Consulting Co., Ltd.; Representative Director (current) Sep 2023 Outside Corporate Auditor, Market Enterprise Co., Ltd. (current) Jun 2024 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1973-02-19
Large Shareholding Reports
Tsuyoshi KURIHARA
2026-02-18
5.42%→4.34%
Annual report (as of 2026-03-31): 4.34%
Tsuyoshi KURIHARA
2025-12-25
6.20%→5.42%
Annual report (as of 2026-03-31): 4.34%
CRESCUNT Co., Ltd.
2025-11-18
43.97%→41.85%
Annual report (as of 2026-03-31): 40.17%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-02-18
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-25
Large Shareholding Report
EDINETAmended
2025-12-02
Amended Securities Registration Statement
EDINET
2025-11-21
Securities Registration Statement
EDINET
2025-11-18
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-13
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-12-20
Securities Registration Statement
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
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
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-27
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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