Overview
Other Products

SHOEI CO.,LTD.

SHOEI is a Japanese manufacturer and seller of premium motorcycle helmets, with motorcycle helmets accounting for approximately 90% of net sales. The company specializes in high-quality, high-value-added helmets ("premium helmets") targeting discerning motorcycle riders globally. SHOEI distributes its products across major markets including Japan, Europe (Germany, France, Italy, Benelux, Portugal), North America, and Asia through a network of consolidated subsidiaries and authorized distributors.

Market Cap
¥115B
US$736M
EV
¥98.1B
US$625M
Stock¥2,254▼-1.31%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.0
x
LTM EV/EBIT
10.3
x
LTM PER
16.7
x
LTM PBR
3.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+11.7%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
115BUS$736MMarket Cap0.48BUS$3.07M+ Debt17.8BUS$114M− Cash0.00BUS$0.00M− Inv. Sec.0.01BUS$0.08M+ NCI98.1BUS$625MEV
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Performance & Balance
Revenue 5Y (¥B)
23.8US$151M'21/929.0US$185M'22/933.6US$214M'23/935.8US$228M'24/932.4US$206M'25/9
EBITDA 5Y (¥B)
7.12US$45.4M'21/99.40US$59.9M'22/911.3US$72.1M'23/912.1US$77.0M'24/910.4US$66.1M'25/9
Net Income 5Y (¥B)
4.41US$28.1M'21/96.02US$38.4M'22/97.07US$45.1M'23/97.38US$47.0M'24/96.32US$40.3M'25/9
Capital Structure
99%
EquityD/E 0.01xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
11.4US$72.9M0.41US$2.59M'21/913.9US$88.6M0.42US$2.66M'22/914.8US$94.2M0.46US$2.93M'23/915.4US$97.9M0.51US$3.27M'24/919.9US$127M0.47US$2.98M'25/9
Shareholders
Top 10 hold 50.4%
1
Custody Bank of Japan, Ltd. (Trust Account)
16.40%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
13.50%
3
ARUKU Sangyo Co., Ltd.
5.50%
4
Meiwa Corporation
2.80%
5
THE BANK OF NEW YORK MELLON 140042 (Standing Proxy: Mizuho Bank, Ltd.)
2.60%
6
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
2.20%
7
RBC IST 15 PCT NON LENDING ACCOUNT - CLIENT ACCOUNT (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.10%
8
Meiji Yasuda Life Insurance Company (Standing Proxy: Custody Bank of Japan, Ltd.)
1.90%
9
KURARAY CO.,LTD.
1.90%
10
Nomura Trust and Banking Co., Ltd. (Investment Trust Account)
1.50%
Management
10 officers
Kenichiro ISHIDA
Representative Director, President
Apr 1983: Joined Mitsubishi Corporation May 2013: Joined the Company as Executive Officer, General Manager of Overseas Sales Department Jul 2013: Assumed position of Co-Representative Director, President of SHOEI (EUROPA) GmbH Assumed position of Representative Director, President of SHOEI DISTRIBUTION GmbH Assumed position of Representative Director, President of SHOEI EUROPE DISTRIBUTION SARL Assumed position of Representative Director, President of SHOEI ITALIA S.R.L. Dec 2013: Assumed position of Director, General Manager of Overseas Sales Department of the Company Oct 2016: Assumed position of Representative Director, President of the Company (current) Dec 2016: Assumed position of Director (Co-Representative) of SHOEI (EUROPA) GmbH
1960-11-29
Takayuki HORIMOTO
Managing Director, General Manager of Production Division and Plant Manager of Ibaraki Plant
Apr 1987: Joined the Company Oct 2007: General Manager of Product Development Department, the Company Oct 2016: Executive Officer, General Manager of Development Department, the Company Oct 2019: Assumed position of Executive Officer, General Manager of Production Technology Division, the Company Dec 2020: Assumed position of Director, General Manager of Production Technology Division, the Company Dec 2021: Assumed position of Director, General Manager of Production Division and Plant Manager of Ibaraki Plant, the Company Dec 2023: Assumed position of Managing Director, General Manager of Production Division and Plant Manager of Ibaraki Plant, the Company (current)
1964-06-17
Yuji YAMAGUCHI
Director, General Manager of Administration Division and General Manager of Administration Department
Apr 1990: Joined The Mitsubishi Bank, Ltd. (now MUFG Bank, Ltd.) Oct 2020: Joined the Company as Executive Officer, General Manager of Finance and Accounting Department Jun 2021: Assumed position of Director, Shouwei (Shanghai) Motorcycle Accessories Co., Ltd. (current) Dec 2021: Assumed position of Director, General Manager of Administration Department, the Company Oct 2022: Assumed position of Director, General Manager of Administration Division and General Manager of Administration Department, and General Manager of General Affairs and Human Resources Department, the Company Apr 2023: Assumed position of Director, General Manager of Administration Division and General Manager of Administration Department, the Company (current)
1966-12-05
Kyosuke SHIMIZU
Director, General Manager of Overseas Sales Department
Nov 2005: Passed the National Bar Examination Sep 2007: Joined Paul Hastings LLP (Gaikokuho Kyodo Jigyo) Apr 2009: Joined Tokiwa Law Office Jul 2012: Joined Sato Sogo Law Office Dec 2015: Assumed position of Director, the Company Sep 2017: Joined Hokuto Sogo Law Office (Attorney Corporation) Mar 2020: Assumed position of Outside Audit & Supervisory Board Member, Sharing Innovations Inc. Jan 2024: Joined the Company as General Manager of Overseas Sales Department Dec 2024: Assumed position of Director, General Manager of Overseas Sales Department, the Company (current) Jan 2025: Assumed position of Chairman, Shouwei (Shanghai) Motorcycle Accessories Co., Ltd. (current) Oct 2025: Assumed position of Representative Director, President of SHOEI DISTRIBUTION GmbH (current) Assumed position of Representative Director, President of SHOEI EUROPE DISTRIBUTION SARL (current) Assumed position of Representative Director, President of SHOEI ITALIA S.R.L. (current)
1979-08-14
Keiichiro KOBAYASHI
Outside Director
Apr 1991: Joined the Ministry of International Trade and Industry (now Ministry of Economy, Trade and Industry) Jun 2007: Senior Fellow, Research Institute of Economy, Trade and Industry (RIETI) Aug 2010: Professor, Institute of Economic Research, Hitotsubashi University Apr 2013: Professor, Faculty of Economics, Keio University (current) Apr 2013: Faculty Fellow, RIETI (current) Dec 2014: Assumed position of Director, the Company (current) Apr 2019: Research Director, Tokyo Foundation for Policy Research (seconded from Keio University)
1966-11-23
Kiyoko TAKAYAMA
Outside Director
Apr 1997: Joined Ebara Corporation Oct 2001: Joined Deloitte Touche Tohmatsu (now Deloitte Touche Tohmatsu LLC) Jan 2019: Opened Kiyoko Takayama Certified Public Accountant Office (current) Jan 2020: Executive Member, Legalex LLC Dec 2022: Assumed position of Director, the Company (current) Jun 2024: Outside Audit & Supervisory Board Member, MIXI, Inc. (current) Jun 2025: Outside Director, Tokyo Seimitsu Co., Ltd. (current)
1975-02-06
Atsuyuki MIYAGAWA
Full-time Audit & Supervisory Board Member
Apr 1986: Joined Chokyo Computer Service Co., Ltd. Jul 2006: Joined the Company Oct 2008: General Manager of Internal Audit Office, the Company Jul 2016: General Manager of Administration Department, the Company Oct 2020: General Manager of IR and Public Relations Department, the Company Dec 2021: Assumed position of Audit & Supervisory Board Member, the Company (current)
1963-06-25
Naomi KODAMA
Outside Director
Apr 1993: Joined the Ministry of International Trade and Industry (now Ministry of Economy, Trade and Industry) Apr 2013: Associate Professor, Institute of Economic Research, Hitotsubashi University Apr 2016: Associate Professor, Graduate School of International and Public Policy, Hitotsubashi University Apr 2018: Professor, Faculty of Economics, Nihon University Apr 2021: Professor, Faculty of Economics, Meiji Gakuin University (current) Jun 2024: Outside Director, Organo Corporation (current) Dec 2025: Assumed position of Director, the Company
1968-01-27
Ken MORITA
Audit & Supervisory Board Member
Apr 1976: Joined Mitsui & Co., Ltd. May 2004: Joined ALC Co., Ltd. May 2006: Assumed position of Representative Director, President, ALC Co., Ltd. May 2009: Assumed position of Representative Director, President, Yasui Chemical Industry Co., Ltd. May 2014: Assumed position of Representative Director, President, ALC Kasei Co., Ltd. May 2018: Assumed position of Representative Director, President, ALC Co., Ltd. Dec 2019: Assumed position of Audit & Supervisory Board Member, the Company (current)
1952-09-22
Tamako WATANABE
Audit & Supervisory Board Member
Oct 2002: Joined Asahi Audit Corporation (now Ernst & Young ShinNihon LLC) Apr 2008: Joined ASG Tax Corporation (now Taiyo Grant Thornton Tax Corporation) Jul 2011: Assumed position of Head of Tateyama Office, Odaki Tax Corporation Jul 2019: Opened Itsuki Accounting and Labor Management Office (current) May 2023: Assumed position of Outside Director, Hisamitsu Pharmaceutical Co., Inc. (current) Dec 2023: Assumed position of Audit & Supervisory Board Member, the Company (current)
1982-01-26
Large Shareholding Reports
Sparx Asset Management Co., Ltd.
2026-07-28
9.94%→10.98%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2026-07-06
3.16%
Sparx Asset Management Co., Ltd.
2026-05-28
9.94%→10.98%
Sparx Asset Management Co., Ltd.
2026-04-17
8.86%→9.94%
Sparx Asset Management Co., Ltd.
2026-03-17
7.70%→8.86%
Sparx Asset Management Co., Ltd.
2026-02-03
6.70%→7.70%
Sparx Asset Management Co., Ltd.
2026-01-06
5.33%→6.70%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q3 Earnings Flash
FY ending Sep 2026
EDINETAmended
2026-07-28
Change Report
EDINET
2026-07-06
Large Shareholding Report
EDINET
2026-05-28
Large Shareholding Report
EDINET
2026-05-12
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
EDINET
2026-04-17
Large Shareholding Report
EDINET
2026-03-17
Large Shareholding Report
EDINET
2026-02-03
Large Shareholding Report
TDnet
2026-01-30
Q1 Earnings Flash
FY ending Sep 2026
EDINET
2026-01-06
Large Shareholding Report
EDINET
2025-12-22
Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-08-13
Q3 Earnings Flash
FY ending Sep 2025
TDnet
2025-07-30
Q3 Earnings Flash
FY ending Sep 2025
EDINET
2025-05-13
Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-02-13
Q1 Earnings Flash
FY ending Sep 2025
TDnet
2025-01-31
Q1 Earnings Flash
FY ending Sep 2025
EDINET
2024-12-26
Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINET
2024-05-13
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINETAmended
2024-01-12
Amended Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINETAmended
2023-12-28
Amended Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINET
2023-12-25
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
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-26
Annual Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-12-24
Annual Securities Report
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