Overview
Other Products

MTG Co.,Ltd.

MTG Co., Ltd. is a Japanese beauty and wellness company that develops, markets, and sells branded beauty devices, hair care appliances, and wellness products under its flagship brands ReFa and SIXPAD. ReFa, launched in 2009, offers a broad range of products including facial rollers, hair dryers, hair irons, shower heads with fine-bubble technology, and skincare devices, targeting beauty-conscious consumers globally. SIXPAD, launched in 2015, is a leading EMS (electrical muscle stimulation) training device brand serving athletes, seniors, and general wellness consumers, with products spanning fitness, healthcare, and recovery categories.

Market Cap
¥339B
US$2.16B
EV
¥345B
US$2.20B
Stock¥8,620▲+8.84%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
19.3
x
LTM EV/EBIT
24.6
x
LTM PER
28.6
x
LTM PBR
5.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+99.4%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 13, 25Growth trajectory confirmation from new product effects
2Nov 25, 25Temporary adjustment after new product launch completion
3Feb 12, 26Continued revaluation on second growth curve realization
MC → EV Bridge
339BUS$2.16BMarket Cap18.7BUS$120M+ Debt9.83BUS$62.7M− Cash3.18BUS$20.3M− Inv. Sec.0.00BUS$0.02M+ NCI345BUS$2.20BEV
AI Briefing
Generating insights…
Performance & Balance
Revenue 5Y (¥B)
42.8US$273M'21/949.0US$312M'22/960.2US$384M'23/971.9US$458M'24/998.8US$630M'25/9
EBITDA 5Y (¥B)
4.48US$28.6M'21/93.79US$24.2M'22/94.39US$28.0M'23/94.93US$31.4M'24/913.1US$83.3M'25/9
Net Income 5Y (¥B)
5.59US$35.7M'21/92.69US$17.1M'22/91.98US$12.7M'23/92.28US$14.5M'24/97.93US$50.6M'25/9
Capital Structure
76%
24%
EquityD/E 0.31xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
17.6US$112M'21/919.2US$122M'22/919.8US$126M'23/916.2US$103M0.15US$0.98M'24/915.0US$95.4M3.71US$23.7M'25/9
Shareholders
Top 10 hold 71.3%
1
Takeshi MATSUSHITA
26.65%
2
M Management Co., Ltd.
20.34%
3
M Corporation Co., Ltd.
16.17%
4
MTG Stock Ownership Association
1.85%
5
Custody Bank of Japan, Ltd. (Trust Account)
1.41%
6
The Master Trust Bank of Japan, Ltd. (Trust Account)
1.34%
7
HSBC-FUND SERVICES HSBC - 006 MF EFM (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
1.14%
8
Sagawa Printing Co., Ltd.
1.08%
9
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
0.73%
10
Tomohiko NISHI
0.62%
Management
7 officers
Takeshi MATSUSHITA
Representative Director, President
Apr 1989 Joined Nippon Denso Co., Ltd. (now DENSO Corporation) May 1992 Joined Yamahisa Co., Ltd. Jun 1994 Founded Auto Service Blaze Jan 1996 Established MTG Blaze Co., Ltd. (now the Company); assumed office of Representative Director, President (current) Nov 2018 Established Goto no Tsubaki Co., Ltd.; assumed office of Representative Director
1970-09-01
Akihiko TAJIMA
Director, Executive Officer in charge of Administration Division
Mar 1988 Joined Jec Daiichi Kyoiku Center Co., Ltd. Nov 1996 Assumed office of Director, Head of Accounting Department, same company Apr 1999 Assumed office of Director, Head of Accounting Headquarters and General Manager of Finance Department, Gakuikusha Co., Ltd. (now Withus Inc.) Apr 2005 Assumed office of Director, Head of Management Administration Headquarters, Withus Inc. Oct 2005 Assumed office of Director, Ken Millennium Co., Ltd. Mar 2006 Assumed office of Director, Leetec Co., Ltd. Dec 2009 Joined KAKUYASU Co., Ltd. as Executive Officer and General Manager of Finance & Accounting Department Apr 2010 Assumed office of Director, KAKUYASU Co., Ltd. Apr 2011 Assumed office of Managing Director, KAKUYASU Co., Ltd. Jun 2016 Assumed office of Representative Director, Vice President, KAKUYASU Co., Ltd. Oct 2020 Assumed office of Representative Director, Vice President, KAKUYASU Group Co., Ltd. Jun 2022 Assumed office of Representative Director, President, KAKUYASU Group Co., Ltd. Dec 2023 Assumed office of Advisor to the Company; assumed office of Director of the Company (current)
1962-12-23
Yusuke INOUE
Director, Executive Officer in charge of Sales Division
Mar 1987 Joined Grand Wisco Co., Ltd. (now Grand Ware Co., Ltd.) Jun 1989 Established Presto Co., Ltd.; assumed office of Director May 1994 Established Plex Co., Ltd. (now Phoenix Co., Ltd.); assumed office of Representative Director Aug 1998 Established Nihon Trade Ocean Co., Ltd. (now Surgic Co., Ltd.); assumed office of Representative Director Aug 1998 Assumed office of Representative Director, Presto Co., Ltd. Apr 2011 Established Andrive Co., Ltd. (now MTG Professional Co., Ltd.); assumed office of Representative Director (current) Jan 2014 Joined the Company as Executive Officer Dec 2015 Assumed office of Director of the Company (current) Sep 2020 Assumed office of Director, MTG FORMAVITA Co., Ltd. (current) Aug 2021 Assumed office of Representative Director, MTG Medi Service Co., Ltd. Sep 2025 Assumed office of Representative Director, MTG FORMAVITA Co., Ltd.
1966-01-16
Tokuo HASEGAWA
Audit and Supervisory Committee Member
Apr 1986 Joined INAX Corporation (now LIXIL Corporation) Jan 2001 Head of Intellectual Property Office, Technology Division, INAX Corporation Mar 2011 Chief, Intellectual Property Management Office, Legal Department, LIXIL Corporation Jan 2013 Joined the Company Apr 2017 Executive Officer and General Manager of Intellectual Property & Legal Headquarters, the Company Dec 2017 Assumed office of Director of the Company Jan 2022 Executive Officer and General Manager of Intellectual Property Headquarters, the Company Mar 2025 Assumed office of full-time Audit and Supervisory Committee Member of the Company (current)
1962-11-16
Hiroki SUZUKI
Outside Director
Apr 1986 Joined Syscon Co., Ltd. (now CIJ Next Co., Ltd.) Jan 1991 Established S.Y. System Co., Ltd.; assumed office of Representative Director, President Jan 2004 Established Shanghai Yuri Software Co., Ltd.; assumed office of Legal Representative and Chairman Feb 2005 Assumed office of Representative Director, Chubu IT Cooperative Mar 2006 Established Xi'an Yuri Software Co., Ltd.; assumed office of Legal Representative and Chairman Feb 2011 Established SYI Co., Ltd.; assumed office of Representative Director, President Aug 2011 Established SYS Vietnam Co., Ltd.; assumed office of Representative Director Apr 2012 Established PT. SYS Indonesia; assumed office of Commissioner (current) May 2012 Assumed office of Representative Director and Chairman, S.K. Co., Ltd. Mar 2013 Assumed office of Representative Director and Chairman, S.Y. System Co., Ltd. Aug 2013 Established SYS Holdings Co., Ltd.; assumed office of Representative Director and Chairman Dec 2013 Assumed office of Director, Shanghai Yuri Software Co., Ltd. Jan 2014 Assumed office of Director, Xi'an Yuri Software Co., Ltd. Sep 2014 Assumed office of Representative Director, Chairman and President, SYS Holdings Co., Ltd. (current) Apr 2015 Assumed office of Representative Director, President, S.Y. System Co., Ltd. Oct 2018 Assumed office of Representative Director, President and Executive Officer, S.Y. System Co., Ltd. Oct 2022 Assumed office of Chairman of the Board, S.Y. System Co., Ltd. (current) Dec 2025 Assumed office of Outside Director of the Company (current)
1964-11-28
Munehiro ISHIDA
Audit and Supervisory Committee Member
Dec 2007 Registered as attorney (Tokyo Bar Association) Dec 2007 Joined Miyakezaka Sogo Law Office Jan 2017 Assumed office of Partner, Miyakezaka Sogo Law Office (current) Jun 2017 Assumed office of Audit & Supervisory Board Member, Coba Corporation May 2020 Assumed office of Supervisory Executive Officer, Bellot REIT Investment Corporation Aug 2023 Assumed office of Outside Audit & Supervisory Board Member, Rehab for JAPAN Inc. (current) Dec 2023 Assumed office of Outside Director (Audit and Supervisory Committee Member) of the Company (current) Jan 2024 Assumed office of Outside Audit & Supervisory Board Member, ALC Co., Ltd. (current) May 2024 Assumed office of Outside Audit & Supervisory Board Member, Toen Co., Ltd. (current)
1982-02-22
Ako IIDA
Audit and Supervisory Committee Member
Apr 2011 Joined Azsa LLC Aug 2014 Registered as Certified Public Accountant Jan 2022 Representative, Ako Iida Certified Public Accountant Office (current) Apr 2024 Assumed office of Outside Director, Casa Co., Ltd. (current) Mar 2025 Assumed office of Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1985-04-01
Large Shareholding Reports
Tsuyoshi MATSUSHITA
2025-11-18
28.68%→26.61%
Annual report (as of 2026-03-31): 26.65%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-04
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-05-13
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
TDnet
2026-02-12
Q1 Earnings Flash
FY ending Sep 2026
EDINET
2025-12-19
Annual Securities Report
Period: Oct 2024 – Sep 2025
EDINET
2025-11-18
Large Shareholding Report
TDnet
2025-07-31
Q3 Earnings Flash
FY ending Sep 2025
EDINET
2025-05-09
Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-04-10
Q1 Earnings Flash
FY ending Sep 2025
TDnet
2025-03-10
Q1 Earnings Flash
FY ending Sep 2025
EDINETAmended
2025-03-07
Amended Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2025-03-07
Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINETAmended
2025-03-07
Amended Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2024-05-13
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-12-22
Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-23
Annual Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-12-23
Annual Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-02-10
Quarterly Securities Report
Ask AI
I have this company's financials, ownership, and management on hand. Ask me anything from an M&A perspective.
End of Preview

Try the full product

Free demo (no time limit, up to 10 companies). Explore Comps, DCF, LBO, WACC on every screen. Excel export is on the paid plan.

Free Demo (No Time Limit, 10 Companies) →