Overview
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NAKABAYASHI CO.,LTD.

Nakabayashi Co., Ltd. operates across four business segments: Business Process Solutions (bookbinding, corporate planners, DPS/BPO services, printing, and packaging), Consumer Communication (albums, files, notebooks, stationery, furniture, storage products, shredders, and PC peripherals), Energy (biomass power generation and solar power), and Other (vegetable plant and garlic farming operations). The company serves both corporate and consumer markets in Japan and internationally, with manufacturing and sales operations spanning Vietnam, China, Indonesia, and the United States. Its diversified portfolio combines traditional paper-based products with outsourcing services and renewable energy, supported by a group of 20 subsidiaries.

Market Cap
¥14.6B
US$93.1M
EV
¥14.9B
US$94.8M
Stock¥538▼-0.74%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.5
x
LTM EV/EBIT
5.2
x
LTM PER
8.1
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-28.9%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
14.6BUS$93.1MMarket Cap10.1BUS$64.1M+ Debt5.78BUS$36.9M− Cash4.17BUS$26.6M− Inv. Sec.0.17BUS$1.11M+ NCI14.9BUS$94.8MEV
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Performance & Balance
Revenue 5Y (¥B)
63.1US$403M'22/361.6US$393M'23/361.0US$389M'24/362.8US$400M'25/361.6US$393M'26/3
EBITDA 5Y (¥B)
3.40US$21.7M'22/32.11US$13.5M'23/32.14US$13.7M'24/33.39US$21.6M'25/34.37US$27.9M'26/3
Net Income 5Y (¥B)
1.02US$6.49M'22/3-0.67-US$4.25M'23/30.88US$5.59M'24/32.00US$12.7M'25/31.93US$12.3M'26/3
Capital Structure
76%
24%
EquityD/E 0.32xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
10.8US$69.0M13.5US$86.2M'22/310.7US$68.3M15.7US$100M'23/310.2US$65.2M14.9US$95.2M'24/310.8US$69.0M13.7US$87.5M'25/310.6US$67.3M11.1US$70.9M'26/3
Shareholders
Top 10 hold 42.0%
1
Fuel Kyoekikai (Fuel Mutual Benefit Association)
8.80%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
8.01%
3
The Dai-ichi Life Insurance Company, Limited
7.77%
4
NAKABAYASHI CO.,LTD. Employee Stock Ownership Association
4.64%
5
Resona Bank, Limited
3.67%
6
Custody Bank of Japan, Ltd. (Trust Account)
2.82%
7
Nippon Life Insurance Company
1.76%
8
Sumitomo Life Insurance Company
1.68%
9
ODK Solutions Company,Ltd.
1.52%
10
SEC CARBON,LIMITED
1.33%
Management
9 officers
Kazuyoshi NAKABAYASHI
Representative Director, President and Executive Officer, General Manager of Sales Division
Apr 1997 Joined the Company Apr 2008 Head of Manufacturing and Sales Company; General Manager, Planning Department Apr 2009 Executive Officer; Deputy General Manager, Sales Division Jun 2010 Director Jun 2011 Managing Executive Officer Jun 2012 Managing Director Jun 2016 Senior Managing Director Jan 2018 Chairman, Ningbo Nakabayashi Cultural Goods Co., Ltd. Jan 2019 Vice President and Director, Teranishi Chemical Industry Co., Ltd. Jun 2019 Representative Director, Teranishi Chemical Industry Co., Ltd. Jun 2020 Director, Senior Managing Executive Officer Jun 2024 Director, Vice President and Executive Officer; General Manager, Sales Division (current) Jan 2025 Chairman and Director, Teranishi Chemical Industry Co., Ltd. Jun 2025 Representative Director, President and Executive Officer (current)
1975-02-16
Katsuhiro AWAJI
Director, Senior Managing Executive Officer, Deputy General Manager of Sales Division
Apr 1986 Joined the Company Jun 2013 President, Fuel Hanbai Co., Ltd. Apr 2015 General Manager, the Company Jun 2017 Executive Officer Jun 2018 General Manager, Related Sales Department, Manufacturing and Sales Company Apr 2019 General Manager, Tokyo Head Office (current) Jun 2019 Director Jun 2020 Senior Executive Officer Jun 2022 Director and Executive Officer Jun 2023 Chairman and Representative Director, Sun Lemon Co., Ltd. Jun 2024 Director and Senior Executive Officer; Deputy General Manager, Sales Division (current); General Manager, CC Company (current); Chairman and Representative Director, Fuel Hanbai Co., Ltd. Jun 2025 Director and Managing Executive Officer Mar 2026 Chairman and Representative Director, Sun Lemon Co., Ltd. (current) Jun 2026 Director and Senior Managing Executive Officer (current)
1963-07-16
Yoji MAEDA
Director, Managing Executive Officer, General Manager of Affiliated Companies Division
Apr 1980 Joined the Company Apr 2011 General Manager, Product Control Department, Manufacturing and Sales Company Apr 2012 Executive Officer Jun 2012 Deputy General Manager, Affiliated Companies Division; General Manager, Shimane Branch, Sales Division; Representative Director, Shimane Nakabayashi Co., Ltd. (now Nakabayashi Factory Co., Ltd.) Jun 2014 Director Jun 2017 Managing Executive Officer Jun 2018 Managing Director; Representative Director, Matsue Biomass Power Generation Co., Ltd. Apr 2020 Representative Director, Fujikogei Insatsu Co., Ltd. (current) Jun 2020 Director and Managing Executive Officer (current) Oct 2022 General Manager, CC Company; in charge of New Business Development, Logistics Rationalization and Product Control Department Jun 2025 General Manager, Affiliated Companies Division (current); in charge of Group Logistics, Purchasing and Production Rationalization (current); President and Representative Director, Hirota Shiko Co., Ltd.; Chairman and Representative Director, Hachiko Sha Co., Ltd. (current); Chairman and Representative Director, Kokusai Chart Co., Ltd. (current) Jun 2026 Chairman and Representative Director, Hirota Shiko Co., Ltd. (current) Representative Director (part-time), Nihon Tsushinshi Co., Ltd. (current)
1961-10-29
Shinichi AOYAMA
Director, Managing Executive Officer, Deputy General Manager of Sales Division
Apr 1986 Joined the Company Apr 2007 Plant Manager, Sakai Plant Apr 2013 General Manager, the Company Jun 2018 Executive Officer; in charge of Purchasing Department (current) Oct 2019 Plant Manager, Head Office Plant, BPS Company Mar 2022 General Manager, BPS Company (current) Jun 2022 Director and Executive Officer Jun 2024 Director and Senior Executive Officer; Deputy General Manager, Sales Division (current) Jun 2026 Director and Managing Executive Officer (current)
1964-03-16
Shunsuke NAGAI
Director, Senior Executive Officer, General Manager of Administration Division
Apr 1989 Joined the Company Jun 2009 General Manager, Information Systems Office Dec 2018 Deputy General Manager, Osaka Branch; Manager, Sakai Office Jun 2019 Executive Officer; in charge of Information Systems Office (current) Jan 2021 General Manager, Osaka Head Office (current) Jul 2022 Senior Executive Officer; General Manager, Administration Division (current); in charge of General Affairs Department (current); in charge of Internal Control Promotion Office (current) Jun 2023 Managing Executive Officer Jun 2024 Director and Senior Executive Officer (current) Dec 2024 In charge of Business Strategy Department; in charge of Public Relations and IR Office Apr 2026 General Manager, Accounting Department, Administration Division (current)
1966-05-29
Rika NAKAYAMA
Director
Apr 1993 Joined Oxplanning Inc. (now Cloudpoint Inc.) Aug 1999 Joined Harbor Research Inc. Jan 2002 Joined CyberAgent, Inc. Aug 2007 Seconded to VOYAGE GROUP, Inc. (now CARTA HOLDINGS, Inc.) Jan 2008 Transferred to VOYAGE GROUP, Inc.; Head of Human Resources Department Jan 2009 Head of EC Navi Business Division, VOYAGE GROUP, Inc. Jan 2014 Joined Rakuten, Inc. (now Rakuten Group, Inc.); Head of Marketing Solutions Office, Group Marketing Department May 2015 Joined FiNC Technologies Inc.; Head of Marketing Division Oct 2017 Executive Officer, CWO/CHRO, FiNC Technologies Inc.; Head of Human Resources Strategy Division Jan 2020 Joined Lives Inc.; Head of Livz Partners Business Division Apr 2020 Head of High-Class Agent Business Division, Lives Inc. Oct 2020 Executive Officer, Lives Inc. Jun 2022 Established Dcent Inc.; Representative Director (current) Aug 2022 Outside Director, Tenda Inc. Jun 2024 Director, the Company (current) Nov 2025 Director, BACKSTAGE Inc. (current)
1970-08-27
Fumio KURIBAYASHI
Full-time Audit and Supervisory Committee Member (Director)
Apr 1996 Joined the Company Apr 2008 Manager, Tokyo Sales Department, DF Company Mar 2013 Manager, Special Sales Department, Printing and Bookbinding Company Apr 2016 Manager, Internal Audit Office Jun 2017 General Manager, Internal Audit Office Jun 2023 Full-time Audit and Supervisory Committee Member (Director) (current)
1973-05-10
Masahiro HACHIMONJI
Director, Audit and Supervisory Committee Member
Apr 1992 Joined Hachimonji Accounting Office Jan 2000 Registered as certified tax accountant (Registration No. 89579) Jun 2003 Audit & Supervisory Board Member, Daiei Taigen Co., Ltd. (now Shokuryu Co., Ltd.) Jan 2009 Auditor, Ando Tadao Culture Foundation (current) Feb 2012 Representative Director, Hachimonji Consulting Co., Ltd. (current) Jun 2019 Director, Audit and Supervisory Committee Member, the Company (current)
1969-07-16
Takeshi OSAWA
Director, Audit and Supervisory Committee Member
Dec 2012 Completed the Legal Training and Research Institute of the Supreme Court; registered with Osaka Bar Association, joined Chuo Sogo Law Office Jan 2014 Transferred registration to Kyoto Bar Association; joined Kyoto Office, Chuo Sogo Law Office Feb 2015 Member, Management Law Council Dec 2022 Statutory Auditor, Link Therapeutics Inc. (current) Jun 2025 Director, Audit and Supervisory Committee Member, the Company (current) Dec 2025 Statutory Auditor, Flag Inc. (current)
1984-06-13
Large Shareholding Reports
Fuel Kyoeikai, Chairman Yoshihide YAMAKA
2026-08-04
8.43%→8.40%
Fuel Kyoeikai, Chairman Takayuki IIOKA
2026-07-15
8.24%→0.00%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Fuel Kyoeikai, Chairman Takayuki IIOKA
2026-07-14
8.24%→0.00%
Fuel Kyoeikai, Chairman Takayuki IIOKA
2026-07-14
8.24%→0.00%
Fuel Kyoeikai, Chairman Yoshihide YAMAKA
2026-07-14
8.43%
Fuel Kyoeikai, Chairman Takayuki IIOKA
2026-01-09
7.20%→8.24%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINETAmended
2026-08-04
Change Report
EDINETAmended
2026-07-15
Change Report
EDINET
2026-07-14
Large Shareholding Report
EDINET
2026-07-14
Large Shareholding Report
EDINET
2026-07-14
Large Shareholding Report
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-09
Large Shareholding Report
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
2025-06-26
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
2024-08-08
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
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2023-09-12
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-08-07
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-08
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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