Overview
Other Products

OKAMURA CORPORATION

Okamura Corporation is a leading Japanese manufacturer and distributor of office furniture, commercial fixtures, logistics systems, and powertrain equipment, serving a broad range of markets including corporate offices, educational and medical facilities, retail environments, and industrial logistics centers. The company's Office Environment segment offers workstations, seating, partitions, and security products, while its Commercial Environment segment provides store display shelving and refrigerated showcases for retail clients. Its Logistics Systems segment delivers automated warehousing, conveyance, and sorting solutions, and its Powertrain segment manufactures fluid transmissions for industrial vehicles and construction machinery.

Market Cap
¥210B
US$1.34B
EV
¥158B
US$1.01B
Stock¥2,223▼-1.11%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.8
x
LTM EV/EBIT
6.4
x
LTM PER
10.2
x
LTM PBR
1.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-25.3%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 10, 25Activist investor shareholding changes
MC → EV Bridge
210BUS$1.34BMarket Cap33.4BUS$213M+ Debt41.9BUS$267M− Cash45.7BUS$292M− Inv. Sec.1.89BUS$12.1M+ NCI158BUS$1.01BEV
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Performance & Balance
Revenue 5Y (¥B)
261US$1.67B'22/3277US$1.77B'23/3298US$1.90B'24/3315US$2.01B'25/3329US$2.10B'26/3
EBITDA 5Y (¥B)
21.7US$138M'22/323.6US$150M'23/330.6US$195M'24/330.7US$196M'25/332.0US$204M'26/3
Net Income 5Y (¥B)
15.0US$95.6M'22/315.9US$101M'23/320.3US$129M'24/322.0US$141M'25/322.4US$143M'26/3
Capital Structure
86%
EquityD/E 0.16xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
81.2US$518M16.6US$106M'22/375.5US$482M21.2US$135M'23/386.2US$550M20.9US$133M'24/370.2US$448M36.9US$235M'25/375.1US$479M33.1US$211M'26/3
Shareholders
Top 10 hold 49.5%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
11.54%
2
Custody Bank of Japan, Ltd. (Trust Account)
6.66%
3
OKAMURA CORPORATION Employee Stock Ownership Association
6.06%
4
NIPPON STEEL CORPORATION
5.60%
5
Meiji Yasuda Life Insurance Company
5.16%
6
MUFG Bank, Ltd.
3.87%
7
OKAMURA CORPORATION Stock Ownership Association
3.80%
8
The Bank of Yokohama, Ltd.
3.01%
9
Mitsui Sumitomo Insurance Company, Limited
1.92%
10
Okamura Dealer Kyoei-kai Shareholding Association
1.89%
Management
15 officers
Masayuki NAKAMURA
Representative Director, President and Executive Officer
Apr 1973 Joined the Company Jun 1996 Director of the Company Jun 2001 Managing Director of the Company Jun 2007 Senior Managing Director of the Company Jun 2012 Representative Director, President of the Company Jun 2019 Representative Director, President and Executive Officer of the Company (current)
1951-03-19
Naoki KONO
Director, Senior Managing Executive Officer, General Manager, Office Environment Business Division
Apr 1989 Joined the Company Apr 2015 General Manager, Kyobashi Branch, Metropolitan Sales Division, Office Sales Division of the Company Jun 2016 Director of the Company Jun 2016 General Manager, Metropolitan Sales Division, Office Sales Division of the Company Jun 2019 Senior Executive Officer of the Company Apr 2020 Managing Executive Officer of the Company Apr 2021 Head of Corporate (Corporate Planning, Information Systems, Procurement, Business Reform, Public Relations) of the Company Jun 2021 Director, Managing Executive Officer of the Company Apr 2022 Head of Corporate (Corporate Planning, Information Systems, DX Strategy, Public Relations and IR, Procurement, Branding) of the Company Apr 2023 Director, Senior Managing Executive Officer of the Company (current) Apr 2023 General Manager, Office Environment Business Division of the Company Apr 2025 General Manager, Office Environment Business Division and General Manager, Development and Creation Division of the Company Apr 2026 General Manager, Office Environment Business Division of the Company (current)
1966-03-22
Kiichi SATO
Director, Senior Managing Executive Officer, General Manager, Corporate Planning Division
Apr 1982 Joined the Company Jun 2009 General Manager, Administration Division and General Manager, General Affairs Department of the Company Apr 2015 General Manager, Human Resources Department, Administration Division of the Company Jun 2019 Executive Officer of the Company Jun 2019 Head of Corporate (Human Resources Department, Human Resources Development Department, Customer Relations Office) of the Company Apr 2021 Senior Executive Officer of the Company Apr 2021 Head of Corporate (Human Resources, Human Resources Development, Customer Relations, Sustainability Promotion) of the Company Apr 2022 Managing Executive Officer of the Company Apr 2022 Head of Corporate (Human Resources, Human Resources Development, Customer Relations, Sustainability Promotion, Shared Services, Secretariat) of the Company Apr 2023 Head of Corporate (Corporate Planning, General Affairs, Human Resources, Human Resources Development, Customer Relations, Corporate Communications, Secretariat) of the Company Apr 2025 Senior Managing Executive Officer of the Company Apr 2025 General Manager, Corporate Planning Division and General Manager, HR Division of the Company Jun 2025 Director, Senior Managing Executive Officer of the Company (current) Apr 2026 General Manager, Corporate Planning Division of the Company (current)
1957-06-22
Kazumi ARAKAWA
Director, Managing Executive Officer, General Manager, Production Division and General Manager, Supply Chain Division
Apr 1987 Joined the Company Apr 2004 General Manager, Production Control Department, Oppama Plant of the Company Jan 2006 Plant Manager, Tsukuba Plant of the Company Feb 2008 General Manager, Planning Department, Production Division of the Company May 2014 General Manager, Office Products Department, Marketing Division of the Company Jun 2018 Director, General Manager, Marketing Division of the Company Jun 2019 Senior Executive Officer, General Manager, Marketing Division of the Company Apr 2023 Managing Executive Officer of the Company Apr 2023 General Manager, Production Division of the Company Jun 2023 Director, Managing Executive Officer of the Company (current) Apr 2026 General Manager, Production Division and General Manager, Supply Chain Division of the Company (current)
1965-02-14
Shinji SAKATOKU
Director, Managing Executive Officer, General Manager, Commercial Environment Business Division
Apr 1982 Joined the Company Mar 1997 Branch Manager, Osaka East Branch, Osaka East Sales Department, Commercial Environment Business Division of the Company Jul 1999 Branch Manager, Osaka West Branch, Kinki Sales Department, Sales Division, Commercial Environment Business Division of the Company Feb 2008 General Manager, West Japan Sales Department, Second Sales Division, Commercial Environment Business Division of the Company Jun 2014 General Manager, West Japan Sales Department, Commercial Environment Business Division of the Company Jun 2016 Director, General Manager, West Japan Sales Department, Commercial Environment Business Division of the Company Jun 2019 Senior Executive Officer of the Company Nov 2020 General Manager, Retail Solutions Division, Commercial Environment Business Division of the Company Apr 2025 Managing Executive Officer of the Company Apr 2025 General Manager, Commercial Environment Business Division of the Company (current) Jun 2025 Director, Managing Executive Officer of the Company (current)
1959-07-16
Sakae FUKUDA
Director, Executive Officer, General Manager, Accounting Division
Apr 1990 Joined The Mitsubishi Bank, Ltd. (now MUFG Bank, Ltd.) May 2017 Branch Manager, Marunouchi Branch of The Bank of Tokyo-Mitsubishi UFJ, Ltd. (now MUFG Bank, Ltd.) May 2019 Joined the Company as Advisor Jun 2019 Director, Executive Officer of the Company (current) Jun 2019 Head of Corporate (Accounting, General Affairs, Environmental Management, Audit) of the Company Jun 2020 Head of Corporate (Accounting, General Affairs, Audit) of the Company Apr 2022 Head of Corporate (Accounting, General Affairs, Legal and Risk Management, Audit) of the Company Apr 2023 Head of Corporate (Accounting, Legal and Risk Management, Audit, Shared Services) of the Company Apr 2025 General Manager, Accounting Division of the Company Apr 2026 General Manager, Accounting Division of the Company (current)
1965-09-21
Hiroyoshi ITO
Director
Apr 1973 Joined Mitsubishi Estate Co., Ltd. Apr 2003 Executive Officer, General Manager, Public Relations Department, Corporate Management Division of the same company Apr 2005 Executive Officer, General Manager, Building Development Planning Department, Building Business Division of the same company Jun 2005 Managing Executive Officer, Deputy General Manager, Building Business Division, and General Manager, Building Development Planning Department of the same company Jun 2007 Director, Managing Executive Officer of the same company Apr 2009 Director, Senior Managing Executive Officer of the same company Jun 2009 Representative Director, Senior Managing Executive Officer of the same company Apr 2013 Representative Director, President of Mitsubishi Estate Real Estate Services Co., Ltd. Jun 2017 Director of the Company (current)
1951-03-12
Tsutomu KAMIJO
Director
Apr 1976 Joined Sapporo Breweries Ltd. (now Sapporo Holdings Ltd.) Mar 2001 Director, General Manager, Sales Planning Department of Sapporo Breweries Beverage Co., Ltd. (now Pokka Sapporo Food & Beverage Ltd.) Sep 2003 Director, Managing Executive Officer, General Manager, Marketing Division of the same company Sep 2005 Director, Managing Executive Officer, General Manager, Management Strategy Division of the same company Mar 2007 Director, General Manager, Management Strategy Department of Sapporo Holdings Ltd. Mar 2009 Managing Director of the same company Mar 2011 Representative Director, President and Group CEO of the same company Mar 2011 Representative Director, President of Sapporo Beverage Co., Ltd. (now Pokka Sapporo Food & Beverage Ltd.) Jan 2017 Representative Director, Chairman of Sapporo Holdings Ltd. Mar 2019 Director, Chairman of the same company Mar 2020 Special Advisor of the same company Jun 2021 Director of the Company (current) Mar 2024 Honorary Advisor of Sapporo Holdings Ltd. (current)
1954-01-06
Misako KIKUCHI
Director
Apr 1984 Joined Mitsui & Co., Ltd. Mar 2015 General Manager, Environment and Social Contribution Department of the same company Oct 2018 Representative Director, President of Mitsui & Co. Forest Co., Ltd. Jun 2022 Director of the Company (current)
1961-08-02
Nobuko MIZUMOTO
Director
Apr 1982 Joined Ishikawajima-Harima Heavy Industries Co., Ltd. (now IHI Corporation) Apr 2006 General Manager, New Business Planning Group, Business Planning Department of the same company Oct 2008 General Manager, Recruitment Group, Human Resources Department of the same company Apr 2012 Executive Officer, General Manager, CSR Promotion Department of the same company Apr 2014 Executive Officer, General Manager, Group Business Management Office of the same company Apr 2016 Executive Officer, General Manager, Procurement Planning Division of the same company Apr 2017 Managing Executive Officer, General Manager, Procurement Planning Division of the same company Apr 2018 Managing Executive Officer, General Manager, Advanced Information Management Division of the same company Jun 2018 Director, Managing Executive Officer, General Manager, Advanced Information Management Division of the same company Jul 2020 Advisor, Executive Fellow of the same company Apr 2021 Advisor of the same company Jun 2023 Director of the Company (current)
1957-03-31
Hitoshige TANBO
Director
Apr 1982 Joined Sumitomo Marine & Fire Insurance Co., Ltd. (now Mitsui Sumitomo Insurance Co., Ltd.) Apr 2006 Branch Manager, Iwate Branch, Tohoku Division of the same company Apr 2008 Branch Manager, Nagano Branch, Kanto-Koshinetsu Division of the same company Apr 2010 General Manager, Third Kansai Corporate Sales Department, Kansai Corporate Division of the same company Apr 2013 Executive Officer, General Manager, Chubu Division of the same company Apr 2015 Managing Executive Officer, General Manager, Chubu Division of the same company Apr 2016 Representative Director, President of Mitsui Sumitomo Aioi Life Insurance Co., Ltd. Apr 2021 Representative Director, President of MSK Insurance Center Co., Ltd. Jun 2023 Director of the Company (current)
1960-02-02
Noriyuki NAGAI
Full-time Audit and Supervisory Board Member
Apr 1981 Joined the Company Jan 2015 General Manager, Laboratory Sales Department, Office Sales Division of the Company Apr 2015 General Manager, Planning and Research Department, Office Sales Division of the Company Jun 2020 Full-time Audit and Supervisory Board Member of the Company (current)
1957-08-22
Keiichi HAGIWARA
Full-time Audit and Supervisory Board Member
Apr 1984 Joined the Company Dec 2012 General Manager, Planning and Research Department, Office Sales Division of the Company Apr 2015 General Manager, General Affairs Department, Administration Division of the Company Mar 2019 General Manager, General Affairs Department, Executive Officer of the Company Jun 2023 Audit and Supervisory Board Member of the Company (current)
1959-08-22
Keiko KISHIGAMI
Audit and Supervisory Board Member
Oct 1985 Joined Minato Audit Corporation (now EY ShinNihon LLC) Aug 1989 Registered as Certified Public Accountant (current) Dec 1997 Partner of Century Audit Corporation (now EY ShinNihon LLC) May 2004 Representative Partner of ShinNihon Audit Corporation (now EY ShinNihon LLC), Senior Partner (current) Sep 2018 Director of WWF Japan (World Wide Fund for Nature Japan) (current) Jun 2019 Opened Keiko Kishigami Certified Public Accountant Office (current) Jun 2019 Audit and Supervisory Board Member of the Company (current)
1957-01-28
Shintaro MIYAZAKI
Audit and Supervisory Board Member
Apr 1996 Registered as Attorney-at-Law, Tokyo Bar Association (current) Apr 1996 Joined Tokiwa Sogo Law Office (now Nishimura & Asahi Law Office) Sep 2005 Joined Diamond McCarthy LLP Apr 2006 Partner, Nishimura & Tokiwa Law Office (now Nishimura & Asahi) Sep 2016 Counsel of the same office Sep 2016 General Manager, Support Department, Great East Japan Earthquake Restructuring Support Corporation Oct 2018 Director, General Manager, Business Division of the same company Apr 2019 Executive Officer of the same company Jun 2020 Representative Director, Managing Director of the same company (current) Jan 2024 Counsel, Tokiwa Law Office (current) Jun 2024 Audit and Supervisory Board Member of the Company (current)
1964-03-15
Large Shareholding Reports
MUFG Bank, Ltd.
2026-06-01
4.32%→3.65%
Annual report (as of 2026-03-31): 3.87%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-22
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-01
Large Shareholding Report
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-10
Semi-Annual Securities Report
Period: Apr 2025 – Sep 2025
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-05
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
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
2023-06-27
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
2022-08-10
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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