Overview
Other Products

KOKUYO CO.,LTD.

KOKUYO is a diversified Japanese manufacturer and distributor operating across two core domains: Workstyle (office furniture manufacturing/sales, office space design and construction, and business supply distribution via catalog/e-commerce) and Lifestyle (stationery products including the iconic Campus notebook brand, and interior retail through its ACTUS subsidiary). The company serves both corporate clients and individual consumers domestically and internationally, with competitive strengths in integrated workspace solutions and strong brand recognition in stationery. KOKUYO distributes products across Japan, China, Southeast Asia, and other global markets through a network of manufacturing, sales, and logistics subsidiaries.

Market Cap
¥377B
US$2.41B
EV
¥270B
US$1.72B
Stock¥895.7▲+1.07%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.4
x
LTM EV/EBIT
9.7
x
LTM PER
16.9
x
LTM PBR
1.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-18.9%pt
100123
Oct 23, 25 – Oct 23, 26StockTOPIX
1Feb 16, 26Oasis Management Company Ltd. changed stake (6.04%→9.91%)
2Apr 1, 26Vietnam business expansion via TLG acquisition
3May 13, 26Oasis Management Company Ltd. changed stake (9.91%→10.52%)
MC → EV Bridge
377BUS$2.41BMarket Cap5.78BUS$36.8M+ Debt98.4BUS$628M− Cash17.7BUS$113M− Inv. Sec.3.72BUS$23.7M+ NCI270BUS$1.72BEV
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Performance & Balance
Revenue 5Y (¥B)
320US$2.04B'21/12301US$1.92B'22/12329US$2.10B'23/12338US$2.16B'24/12360US$2.30B'25/12
EBITDA 5Y (¥B)
26.9US$172M'21/1226.2US$167M'22/1231.3US$200M'23/1229.8US$190M'24/1234.4US$219M'25/12
Net Income 5Y (¥B)
13.7US$87.4M'21/1218.4US$117M'22/1219.1US$122M'23/1221.8US$139M'24/1221.5US$137M'25/12
Capital Structure
98%
EquityD/E 0.02xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
116US$738M9.32US$59.4M'21/12104US$664M9.47US$60.4M'22/12126US$801M9.24US$58.9M'23/12125US$795M7.14US$45.6M'24/1298.8US$630M5.60US$35.7M'25/12
Shareholders
Top 10 hold 41.4%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
12.12%
2
Kokuyo Kyoeikai
9.32%
3
㈱Kuroda&Sons
4.20%
4
Kuroda Ryokka Jigyodan (Public Interest Incorporated Foundation)
3.42%
5
Custody Bank of Japan, Ltd. (Trust Account)
3.22%
6
Kokuyo Kyowakai
2.75%
7
Akihiro KURODA
1.89%
8
Koji KURODA
1.55%
9
Yasuhiro KURODA
1.47%
10
OASIS JAPAN STRARE GIC FUND Y LTD. (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.42%
Management
9 officers
Takehiro UEKAMA
Outside Director
Apr 1981 Joined Tokyo Denki Kagaku Kogyo Co., Ltd. (now TDK Corporation) Jun 2002 Executive Officer, TDK Corporation Jun 2003 Managing Executive Officer, TDK Corporation Jun 2004 Director and Senior Managing Executive Officer, TDK Corporation Jun 2006 Representative Director, President, TDK Corporation Jun 2016 Representative Director, Chairman, TDK Corporation Jun 2017 Outside Director, OMRON Corporation (current) Mar 2018 Outside Director, Yamaha Motor Co., Ltd. Jun 2018 Outside Director, SoftBank Corp.; Mission Executive, TDK Corporation Mar 2021 Outside Director, Kokuyo Co., Ltd. (current) Jul 2021 Chief Consultant, Contemporary Ampex Technology Japan K.K. (current) Jun 2025 Outside Director, Nippon Sheet Glass Co., Ltd. (current)
1958-01-12
Shinichiro OMORI
Outside Director
Apr 1978 Joined Hitachi, Ltd. Apr 2016 Executive Officer and Senior Vice President; CIO and CTrO, Hitachi, Ltd. Jun 2017 Director, Hitachi Chemical Co., Ltd. (now Resonac Corporation) Jun 2017 Outside Director, Hitachi Capital Corporation (now Mitsubishi HC Capital Inc.) Jun 2019 Chairman of the Board, Hitachi Metals, Ltd. (now Proterial, Ltd.) Apr 2020 Chairman of the Board Meeting, Hitachi Metals, Ltd. Jul 2020 Chairman of the Board, Hitachi High-Tech Corporation Mar 2022 Outside Director, Kokuyo Co., Ltd. (current) Jun 2022 Outside Director, Macnica Fuji Electronics Holdings, Inc. (now Macnica Holdings, Inc.) (current) Jun 2023 Outside Director, Kansai Paint Co., Ltd. (current)
1956-02-06
Riku SUGIE
Outside Director
Apr 1994 Joined Fuji Bank, Ltd. (now Mizuho Bank, Ltd.) Oct 2000 Joined Accenture K.K. Dec 2006 Joined GE Consumer Finance Japan K.K. (now Shinsei Financial Co., Ltd.) Jun 2012 Representative Director, President and CEO, Shinsei Financial Co., Ltd. Apr 2016 Executive Officer, Shinsei Bank, Ltd. (now SBI Shinsei Bank, Ltd.) Jun 2016 Director, Aplus Financial Co., Ltd. Apr 2017 Managing Executive Officer, Shinsei Bank, Ltd. (now SBI Shinsei Bank, Ltd.) Nov 2017 Representative Director, President and CEO, Paidy, Inc. Nov 2021 VP of Japan Business, PayPal Pte. Ltd. Mar 2023 Outside Director, Kokuyo Co., Ltd. (current) Jan 2025 Executive Advisor, Paidy, Inc. Aug 2025 Representative Director, Medical Consulting Seal Co., Ltd. (now Mpathy Co., Ltd.) (current)
1971-07-13
Yoko AZUMA
Outside Director
Apr 1981 Joined The Fukuoka Bank, Ltd. Oct 1989 Joined Asahi Shinwa Auditing Corporation (now Azusa Audit LLC) Dec 1990 Joined Tohmatsu Audit (now Tohmatsu Audit LLC) Jul 2008 Partner, Tohmatsu Audit Jul 2013 Chief Certified Public Accountant Inspector, Certified Public Accountants and Auditing Oversight Board, Financial Services Agency Jul 2016 Joined Tohmatsu Audit LLC Jun 2018 Representative, Yoko Azuma Certified Public Accountant Office (current) Outside Director (Audit and Supervisory Committee Member), Alps Electric Co., Ltd. (now Alps Alpine Co., Ltd.) (current) Mar 2020 Outside Audit & Supervisory Board Member, Kokuyo Co., Ltd. Mar 2021 Outside Director (Audit and Supervisory Committee Member), Mabuchi Motor Co., Ltd. (current) Mar 2024 Outside Director, Kokuyo Co., Ltd. (current)
1958-05-20
Yuko GOMI
Outside Director
Apr 1999 Registered as Attorney-at-Law; joined Kunihiro Law Office (now Kunihiro & Partners) Jan 2012 Partner Attorney, Kunihiro & Partners (current) Jun 2018 Outside Audit & Supervisory Board Member, Nippon Gas Co., Ltd. May 2019 Outside Audit & Supervisory Board Member, Lawson, Inc. Jun 2019 Outside Director (Audit and Supervisory Committee Member), Alps Alpine Co., Ltd. (current) Mar 2025 Outside Director, Kokuyo Co., Ltd. (current)
1972-03-28
Katsuaki TOJO
Director
Apr 2000 Joined Ricoh Leasing Co., Ltd. Aug 2006 Joined Kokuyo Co., Ltd. Apr 2015 Director, Head of Office Management Office, Kokuyo Jan 2019 Executive Officer, Head of Domain Strategy Office, Kokuyo Jan 2021 Executive Officer, Head of Board Office, Kokuyo Mar 2021 Full-time Audit & Supervisory Board Member, Kokuyo Mar 2024 Director, Kokuyo (current)
1976-03-08
Hidekuni KURODA
Director
Apr 2001 Joined Kokuyo Co., Ltd. Jul 2005 Director and Executive Officer, Kokuyo Office System Co., Ltd. Jun 2007 Director and Managing Executive Officer, Kokuyo Office System Co., Ltd. Mar 2009 Director, Kokuyo Mar 2009 Representative Director, President, Kokuyo Furniture Co., Ltd. Mar 2011 Managing Executive Officer, Kokuyo Mar 2014 Director and Senior Managing Executive Officer, Kokuyo Mar 2015 Representative Director, President and Executive Officer, Kokuyo Jan 2019 Representative Director, President, Kokuyo Mar 2024 Director, Representative Executive Officer and President, Kokuyo (current)
1976-01-10
Toshio NAITO
Director
Apr 1985 Joined Kokuyo Co., Ltd. Aug 2011 General Manager, Planning Department, Planning Division, Kokuyo Furniture Co., Ltd. Jan 2014 Deputy General Manager, Planning Division, Kokuyo Furniture Co., Ltd. Oct 2016 General Manager, Planning Division, Furniture Business Division, Kokuyo Apr 2017 General Manager, Planning and Control Division, Furniture Business Division, Kokuyo Jan 2018 Head of Management Promotion Office, Kokuyo Jan 2019 Executive Officer, Head of Management Promotion Office, Kokuyo Jan 2021 Executive Officer, Head of Corporate Planning Division; CSO, Kokuyo Mar 2021 Director, Executive Officer, Head of Corporate Planning Division; CSO, Kokuyo Mar 2024 Director, Executive Officer, Head of Corporate Planning Division; CSO, Kokuyo (current)
1961-11-28
Kazuhiro SAITO
Outside Director
Apr 1979 Joined Suntory Ltd. Apr 2009 Managing Director, Suntory Foods Ltd. (now Suntory Beverage & Food Ltd.); Executive Officer, Suntory Holdings Ltd. Jan 2011 Vice President and General Manager, China Food Business Division, Suntory (China) Holdings Co., Ltd. Apr 2014 President and General Manager, China Beer and Huangjiu Business Division, Suntory (China) Holdings Co., Ltd. Mar 2015 Managing Executive Officer, Suntory Beverage & Food Ltd. Apr 2015 Head of Finance Division, in charge of Corporate Planning, Suntory Beverage & Food Ltd. Apr 2016 Standing Advisor; CEO, Suntory Beverage & Food Asia Pte. Ltd. Mar 2019 Representative Director, President, Suntory Beverage & Food Ltd. Apr 2023 Chairman, Ad.com Group Co., Ltd. May 2025 Outside Director, J. Front Retailing Co., Ltd. (current) Jun 2025 Outside Director, Marusan Securities Co., Ltd. (current) Mar 2026 Outside Director, Kokuyo Co., Ltd. (current)
1956-10-31
Large Shareholding Reports
Oasis Management Company Ltd.
2026-05-13
9.91%→10.52%
Oasis Management Company Ltd.
2026-02-16
6.04%→9.91%
Oasis Management Company Ltd.
2025-04-23
5.02%→6.04%
Oasis Management Company Ltd.
2024-11-06
5.02%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-06
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-07-31
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-05-13
Large Shareholding Report
TDnet
2026-04-28
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-26
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-02-16
Large Shareholding Report
TDnet
2025-10-30
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-07
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-04-25
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-04-23
Large Shareholding Report
EDINET
2025-03-31
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-11-06
Large Shareholding Report
EDINET
2024-08-06
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-10
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-29
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINETAmended
2024-03-29
Amended Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2023-11-06
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-04
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-11
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-31
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINET
2022-05-11
Quarterly Securities Report
EDINET
2022-03-31
Annual Securities Report
EDINET
2021-11-01
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-05-11
Quarterly Securities Report
EDINET
2021-03-31
Annual Securities Report
EDINETAmended
2021-03-26
Amended Annual Securities Report
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