Overview
Other Products

TOPPAN Holdings Inc.

TOPPAN Holdings Inc. is a diversified technology and manufacturing group operating across three core segments: Information & Communication, Living & Industry, and Electronics. Its Information & Communication segment provides digital business services (RFID, gift cards, payment solutions, e-books), BPO, secure media (IC cards, anti-counterfeiting devices), and commercial printing. The Living & Industry segment produces flexible packaging, decorative building materials, and barrier films, while the Electronics segment manufactures display color filters, photomasks, and FC-BGA substrates for semiconductors.

Market Cap
¥1,194B
US$7.61B
EV
¥1,012B
US$6.45B
Stock¥2,127▼-2.92%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.5
x
LTM EV/EBIT
12.8
x
LTM PER
15.5
x
LTM PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-9.8%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 13, 26Q1 earnings: net profit +131% (2.3x YoY), Non-GAAP operating profit +57%
MC → EV Bridge
1,194BUS$7.61BMarket Cap550BUS$3.51B+ Debt443BUS$2.82B− Cash362BUS$2.31B− Inv. Sec.73.6BUS$469M+ NCI1,012BUS$6.45BEV
AI Briefing
Generating insights…
Performance & Balance
Revenue 5Y (¥B)
1,548US$9.87B'22/31,639US$10.5B'23/31,678US$10.7B'24/31,720US$11.0B'25/31,805US$11.5B'26/3
EBITDA 5Y (¥B)
138US$878M'22/3147US$940M'23/3157US$1.00B'24/3163US$1.04B'25/3146US$933M'26/3
Net Income 5Y (¥B)
123US$786M'22/360.9US$388M'23/374.4US$474M'24/390.1US$575M'25/364.8US$413M'26/3
Capital Structure
72%
28%
EquityD/E 0.40xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
963US$6.14B214US$1.37B'22/3825US$5.26B224US$1.43B'23/3941US$6.00B208US$1.33B'24/31,080US$6.89B473US$3.02B'25/3779US$4.97B528US$3.37B'26/3
Shareholders
Top 10 hold 41.7%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
16.19%
2
Custody Bank of Japan, Ltd. (Trust Account)
7.92%
3
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
5.26%
4
artience Co.,Ltd.
2.45%
5
KODANSHA LTD.
2.35%
6
Employee Stock Ownership Association
1.81%
7
TOPPAN Holdings Inc. Business Partners' Stock Ownership Association
1.74%
8
The Asahi Shimbun Company
1.36%
9
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.34%
10
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
1.27%
Management
14 officers
Hideharu MARO
Representative Director, Chairman and CEO
Apr 1979 Joined the Company Jun 2009 Director; Deputy General Manager, Kansai Business Division Jun 2012 Managing Director; General Manager, International Business Division Jun 2016 Senior Managing Director; General Manager, Corporate Planning Division; in charge of Education ICT Business Development Division Jun 2018 Representative Director, Executive Vice President; in charge of Corporate Planning, Business Development & Research, Manufacturing and ICT Divisions Jun 2019 Representative Director, President Oct 2023 Representative Director, President and CEO Apr 2026 Representative Director, Chairman and CEO (current)
1956-01-29
Satoshi OYA
Representative Director, President COO
Apr 1996 Joined the Company Apr 2021 Executive Officer; in charge of Special Assignment for Medium-Term Management Plan Promotion; General Manager, Corporate Strategy Department, Business Strategy Headquarters, Electronics Business Division; General Manager, Planning Department 1 Apr 2022 Executive Officer; General Manager, Corporate Planning Division and Corporate Strategy Department; in charge of Special Assignment for Medium-Term Management Plan Promotion Oct 2023 Director, Senior Managing Executive Officer, TOPPAN Inc.; in charge of Sales Apr 2025 Representative Director, President, TOPPAN Inc.; Senior Managing Executive Officer, the Company; COO in charge of Corporate Functions, Corporate Planning Division and Global Business Division Jun 2025 Representative Director, Senior Managing Executive Officer, the Company; COO in charge of Corporate Functions, Corporate Planning Division and Global Business Division Apr 2026 Representative Director, President COO (current)
1972-08-23
Kazunori SAKAI
Director, Executive Vice President, CHRO
Apr 1985 Joined the Company Jun 2014 Director; General Manager, Chubu Business Division Jun 2016 Senior Executive Officer; General Manager, Chubu Business Division Jun 2018 Managing Executive Officer; General Manager, Corporate Planning Division Jun 2019 Director, Managing Executive Officer; in charge of Corporate Planning, Global Governance, New Business Development, Information Security, Digital Innovation, and Personal Services Divisions Apr 2021 Director, Senior Managing Executive Officer; in charge of Corporate Planning, Global Governance, Information Security, Digital Innovation, Education Business Promotion Divisions and Sports Business Development Office Apr 2022 Director, Senior Managing Executive Officer; in charge of Corporate Planning, Group Corporate Strategy Office, Global Business, Information Security, Digital Innovation, and Education Business Promotion Divisions Jun 2023 Representative Director, Executive Vice President; in charge of Corporate Planning, Group Corporate Strategy Office, Global Business, Information Security, Digital Innovation, and Education Business Promotion Divisions Oct 2023 Representative Director, Executive Vice President, COO; in charge of Corporate Functions, Corporate Planning, Global Business, Information Security, Digital Innovation, and Education Business Promotion Divisions Apr 2025 Representative Director, Executive Vice President, CHRO; in charge of Secretariat, Company-wide AI Promotion Office, Human Resources and Labor Relations, Legal, Public Relations, Information Security, and Digital Innovation Divisions Jun 2025 Director, Executive Vice President, CHRO; in charge of Secretariat, Company-wide AI Promotion Office, Human Resources and Labor Relations, Legal, Public Relations, Information Security, and Digital Innovation Divisions Oct 2025 Director, Executive Vice President, CHRO; in charge of Secretariat, Human Resources and Labor Relations, Legal, Public Relations, Information Security, and Digital Innovation Divisions Apr 2026 Director, Executive Vice President, CHRO; in charge of President's Office, Human Resources and Labor Relations, Legal, Public Relations, Information Security, and Digital Innovation Divisions (current) Also: Representative Director, President, Armoris Inc. (current)
1961-04-27
Takashi KUROBE
Director, Senior Managing Executive Officer, CFO
Apr 1986 Joined the Company Oct 2000 CFO, Toppan Interamerica Inc. Jun 2018 Director, Executive Officer; General Manager, Finance Division Apr 2021 Director, Managing Executive Officer; General Manager, Finance Division Apr 2022 Director, Managing Executive Officer; General Manager, Finance Division; in charge of Global Governance Division Apr 2023 Director, Managing Executive Officer; General Manager, Finance Division; in charge of Global GRC Division Oct 2023 Director, Managing Executive Officer, CFO; General Manager, Finance Division; in charge of Global GRC Division Apr 2024 Director, Managing Executive Officer, CFO and CRO; General Manager, Finance Division; in charge of GRC Division Jun 2024 Director, Senior Managing Executive Officer, CFO and CRO; General Manager, Finance Division; in charge of GRC Division Jan 2025 Director, Senior Managing Executive Officer, CFO and CRO; in charge of Finance and GRC Divisions Apr 2025 Director, Senior Managing Executive Officer, CFO; in charge of Finance Division (current)
1964-01-31
Haruhiko NOGUCHI
Director, Senior Managing Executive Officer, CSO
Apr 1985 Joined the Company Jan 2006 General Manager, Secretariat Jun 2014 Director; General Manager, Living Environment Business Division Jun 2016 Senior Executive Officer; General Manager, Package Solutions Business Department, Lifestyle & Industry Business Division Jun 2018 Managing Executive Officer; General Manager, Package Solutions Business Department, Lifestyle & Industry Business Division Jun 2022 Senior Managing Executive Officer; General Manager, Lifestyle & Industry Business Division Oct 2023 Senior Managing Executive Officer; General Manager, Lifestyle & Industry Business Division, TOPPAN Inc. Apr 2026 Representative Director, President, TOPPAN Inc. (current); Senior Managing Executive Officer, the Company; CSO in charge of Corporate Planning Division Jun 2026 Director, Senior Managing Executive Officer, CSO; in charge of Corporate Planning Division (current) Also: Representative Director, Tamapoly Co., Ltd. (current)
1961-10-01
Masatoshi HAGIWARA
Standing Corporate Auditor (Full-time)
Mar 1982 Joined Toppan Bureau of Engraving Co., Ltd. Dec 1985 Joined the Company Apr 2004 General Manager, General Affairs Department, Package Business Division May 2007 Managing Director, Toppan Human Information Service Co., Ltd. Apr 2011 General Manager, Human Resources Department, Human Resources and Labor Relations Division Apr 2018 Executive Officer; General Manager, Human Resources Department, Human Resources and Labor Relations Division Apr 2021 Managing Executive Officer; General Manager, Human Resources Department, Human Resources and Labor Relations Division Apr 2022 Senior Advisor; in charge of Human Resources Department, Human Resources and Labor Relations Division Jun 2022 Standing Corporate Auditor (current)
1958-07-08
Itaru KUBOZONO
Full-time Corporate Auditor
Feb 1991 Joined the Company Apr 2012 General Manager, Accounting Department, Finance Division Apr 2015 General Manager, Funding Department, Finance Division Apr 2018 General Manager, Accounting Department, Lifestyle & Industry Business Division Apr 2019 Manager, Finance Division Jun 2019 Corporate Auditor (current)
1963-08-16
Ryoko TOYAMA
Outside Director
Apr 1998 Research Assistant, Japan Advanced Institute of Science and Technology Apr 2001 Associate Professor, Japan Advanced Institute of Science and Technology Apr 2008 Visiting Professor, Japan Advanced Institute of Science and Technology (current) Professor, Graduate School of Strategic Management, Chuo University (current) Jun 2016 Outside Director, the Company (current) Also: Outside Director, Oki Electric Industry Co., Ltd. (current)
1965-01-04
Mieko NAKABAYASHI
Outside Director
Jan 1993 Legislative Aide, Senate Budget Committee, U.S. Congress (U.S. civil servant / Republican Party) Apr 2002 Research Fellow, Research Institute of Economy, Trade and Industry (RIETI) Apr 2006 Associate Professor, Faculty of Management, Atomi University Jan 2007 Member, Fiscal System Council, Ministry of Finance Aug 2009 Member, House of Representatives Sep 2013 Associate Professor, Waseda University Global Leadership Program (Center for International Education) Jul 2015 Director, Global Business Society Apr 2017 Professor, Faculty of Social Sciences, Waseda University Jan 2018 Honorary Fellow, Mansfield Foundation (U.S.) (current) Jul 2020 Outside Director, the Company (current) Jul 2021 President, Global Business Society (current) Apr 2022 Professor, Waseda University Center for International Education (current) Apr 2025 President, Tokyo Foundation for Policy Research (current) Also: Representative Director, Impresio Inc. (current); Outside Director, Mitsubishi Electric Corporation (current)
1960-09-24
Asuka TAKEUCHI
Outside Director
Apr 1996 Joined Industrial Bank of Japan, Ltd. Jan 2009 Representative Director, Alba Partners Co., Ltd. (current) Dec 2014 Representative Director, Alba Edu General Incorporated Association (current) Jun 2024 Outside Director, the Company (current) Sep 2025 Member, Central Council for Education, Ministry of Education, Culture, Sports, Science and Technology (current) Also: Outside Director (Audit and Supervisory Committee Member), Future Corporation (current)
1972-10-03
Chiaki MUKAI
Outside Director
Apr 1977 Staff Member, Department of Surgery, School of Medicine, Keio University Aug 1985 Mission Specialist (Astronaut), National Space Development Agency of Japan (currently Japan Aerospace Exploration Agency) Jun 1987 Visiting Researcher, Life Sciences Research Institute, NASA Aug 2003 Visiting Professor, International Space University (Strasbourg, France) Oct 2007 Head, Space Medicine and Biology Laboratory, Japan Aerospace Exploration Agency Oct 2014 Vice President, Science Council of Japan Apr 2015 Vice President, Tokyo University of Science Apr 2016 Special Vice President, Tokyo University of Science (current) Jan 2017 Chair, Scientific and Technical Subcommittee, UN Committee on the Peaceful Uses of Outer Space (COPUOS) Jun 2025 Outside Director, the Company (current)
1952-05-06
Mitsuhiko KAWATO
Outside Corporate Auditor
Apr 1976 Official, Board of Audit of Japan Jul 2008 Director General, Third Bureau, Board of Audit of Japan Dec 2010 Secretary General, Board of Audit of Japan Mar 2013 Auditor, Board of Audit of Japan Aug 2013 President, Board of Audit of Japan Oct 2018 Retired from Board of Audit of Japan; Adviser, Board of Audit of Japan Jun 2022 Outside Corporate Auditor, the Company (current)
1953-10-23
Yuka MIYAGAWA
Outside Corporate Auditor
Apr 1985 Joined Oki Electric Industry Co., Ltd. Nov 2001 Seconded to Oki Network Technologies (U.S.) Apr 2017 Executive Officer; General Manager, Second Sales Division, Integrated Sales Headquarters, Oki Electric Industry Co., Ltd. Apr 2020 Managing Executive Officer; General Manager, Business Collaboration Promotion Division, Component & Platform Business Unit, Oki Electric Industry Co., Ltd. Apr 2021 Joined OKI Cross Tech Co., Ltd.; Director, Managing Executive Officer Jun 2024 Outside Corporate Auditor, the Company (current) Also: Outside Director, Nifco Inc. (current)
1962-10-10
Douglas K. FREEMAN
Outside Corporate Auditor
Apr 1990 Joined Goldman Sachs Securities Co., Ltd. Apr 1996 Joined Mitsui Yasuda Law Offices Jun 1997 Joined Hamada Law Office Sep 2002 Joined Sullivan & Cromwell LLP (U.S.) Feb 2007 Representative, Freeman International Law Office (currently Freeman & Tsuru International Law Office) (current) Apr 2019 Professor, Keio University Law School (current) Jun 2026 Outside Corporate Auditor, the Company (current) Also: Outside Corporate Auditor, TDK Corporation (current)
1966-05-23
Large Shareholding Reports
Nomura Asset Management Co., Ltd.
2026-03-23
6.42%→7.18%
Amova Asset Management Co., Ltd.
2026-02-05
2.90%
Nippon Life Insurance Company
2025-12-22
4.56%→5.09%
Nomura Asset Management Co., Ltd.
2025-11-21
5.21%→6.42%
Nomura Asset Management Co., Ltd.
2025-10-06
5.21%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-12
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-14
中期経営計画
EDINET
2026-03-23
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-02-05
Large Shareholding Report
EDINET
2025-12-22
Large Shareholding Report
EDINET
2025-11-21
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-06
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
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
2024-06-27
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
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-09
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-08
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-12
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) →