Overview
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TSUTSUMI JEWELRY CO.,LTD.

TSUTSUMI is a Japanese jewelry retailer specializing in the design, manufacturing, and direct retail sales of a wide range of jewelry products including rings, necklaces, bracelets, earrings, brooches, and bridal rings. The company operates directly managed retail stores staffed by qualified jewelry advisors, offering personalized customer service in carefully designed store environments. In addition to retail, TSUTSUMI conducts wholesale to trade customers, and outsources part of its manufacturing to its non-consolidated subsidiary, Oita Tsutsumi Precious Metals Co., Ltd.

Market Cap
¥38.9B
US$248M
EV
¥13.7B
US$87.2M
Stock¥2,488▲+0.12%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.5
x
LTM EV/EBIT
2.7
x
LTM PER
10.9
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-14.0%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Dec 2, 25Holiday season sales optimism
MC → EV Bridge
38.9BUS$248MMarket Cap0.00BUS$0.00M+ Debt25.1BUS$160M− Cash0.08BUS$0.52M− Inv. Sec.13.7BUS$87.2MEV
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Performance & Balance
Revenue 5Y (¥B)
16.5US$105M'22/318.1US$116M'23/319.9US$127M'24/324.8US$158M'25/335.2US$225M'26/3
EBITDA 5Y (¥B)
1.29US$8.23M'22/31.66US$10.6M'23/31.87US$11.9M'24/32.70US$17.2M'25/35.59US$35.7M'26/3
Net Income 5Y (¥B)
0.68US$4.36M'22/30.91US$5.80M'23/31.16US$7.37M'24/31.99US$12.7M'25/33.69US$23.5M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
38.9US$248M'22/338.6US$246M'23/336.6US$233M'24/333.7US$215M'25/332.3US$206M'26/3
Shareholders
Top 10 hold 84.6%
1
Wako TSUTSUMI
51.21%
2
Yukiko GO
9.84%
3
Chika ISHIHANA
9.73%
4
Tsutsumi Seiji Memorial Scholarship Foundation
6.39%
5
The Master Trust Bank of Japan, Ltd. (Trust Account)
3.34%
6
MERCURY AIFLNP V.C.I.C. LTD (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.36%
7
STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)
0.75%
8
THE BANK OF NEW YORK 134105 (Standing Proxy: Mizuho Bank, Ltd.)
0.74%
9
Custody Bank of Japan, Ltd. (Trust Account)
0.65%
10
HOST-PLUS PTY LIMITED-HOSTPLUS POOLED SUPERANNUATION TRUST HOSKING PARTNERS LLP (Standing Proxy: Citibank, N.A., Tokyo Branch)
0.62%
Management
5 officers
Satoshi GO
Representative Director, President
Aug 2005 Left Sumitomo Mitsui Banking Corporation Sep 2005 Joined the Company Jun 2006 Assumed office as Director, Assistant to the President Apr 2007 Assumed office as Director, General Manager of Administration Division and General Manager of General Affairs Department Apr 2009 Assumed office as Director, General Manager of Administration Division, General Manager of Sales Division and General Manager of General Affairs Department Jun 2011 Assumed office as Representative Director, President (current) Jun 2013 Assumed office as Chairman, Tsutsumi Scholarship Foundation (now Tsutsumi Seiji Memorial Scholarship Foundation) (current)
1965-07-23
Katsumi OKANO
Director, General Manager of Product Division
Apr 1981 Joined the Company Sep 2000 General Manager, Second Operations Department, Store Operations Division Jun 2004 Assumed office as Director, General Manager, Second Operations Department, Store Operations Division Sep 2005 Assumed office as Director, General Manager, First Operations Department, Store Operations Division Apr 2007 Assumed office as Director, General Manager of Product Division (current) Jun 2015 Assumed office as Councillor, Tsutsumi Seiji Memorial Scholarship Foundation (current)
1956-09-27
Shinichiro WATANABE
Director (Full-time Audit and Supervisory Committee Member)
Apr 1983 Joined the Company Apr 2021 General Manager, Manufacturing Department Apr 2025 Advisor Jun 2025 Assumed office as Director (Full-time Audit and Supervisory Committee Member) (current)
1965-03-05
Yuichi KAKINUMA
Director (Audit and Supervisory Committee Member)
Apr 2005 Entered Legal Training and Research Institute of the Supreme Court of Japan Jan 2007 Registered with Saitama Bar Association Jan 2007 Joined Takashino Law Office (now Takashino Kakinuma Law Office) Oct 2010 Partner, Takashino Kakinuma Law Office (current) Jun 2014 Substitute Audit & Supervisory Board Member of the Company Jun 2015 Assumed office as Director of the Company Jun 2017 Assumed office as Director (Audit and Supervisory Committee Member) of the Company (current) Mar 2021 Assumed office as Outside Director (Audit and Supervisory Committee Member), Laqoria Drug Discovery Co., Ltd. (current) Mar 2025 Assumed office as Outside Director (Audit and Supervisory Committee Member), Showcase Inc. (current) Jan 2026 Assumed office as Outside Director, Rubbable Marketing Group Inc. (current)
1977-11-16
Atsushi KAMIMURA
Director (Audit and Supervisory Committee Member)
Jan 2011 Joined Asahi Accounting Firm (Certified Public Tax Accountant Corporation) Aug 2012 Registered as Certified Public Tax Accountant Mar 2025 Assumed office as Partner, Asahi Accounting Firm (current) Jun 2025 Assumed office as Director (Audit and Supervisory Committee Member) of the Company (current)
1981-05-27
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-06-03
株主総会招集通知
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-10
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
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
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-08
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-07
Quarterly Securities Report
EDINET
2021-11-08
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-08
Quarterly Securities Report
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