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Overview

Wholesale Trade

TOKYO SANGYO CO.,LTD.

Tokyo Sangyo is a diversified trading company operating across three core segments: Power, Environment/Chemical/Machinery, and Living Industry. The Power segment provides new construction, maintenance, and after-service for power generation facilities serving electric utilities, including biomass fuel supply and ash processing. The Environment/Chemical/Machinery segment handles sales and installation support for plant machinery in chemical, petroleum, pharmaceutical, and other industries, as well as machine tools for automotive and IT sectors, while the Living Industry segment distributes eco-friendly packaging materials such as green polyethylene products and automated water-saving toilet fixtures through overseas bases.

Market Cap

US$166M

¥26.4B

US$88.6M

¥14.2B

StockUS$6.34(¥1,012)▼-4.26%

US$1 = ¥159.70 (2026-11-12)

LTM EV/EBITDA

3.7

LTM EV/EBIT

4.3

LTM PER

11.0

LTM PBR

1.3

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-11.8%pt

Nov 13, 25 – Nov 13, 26StockTOPIX

MC → EV Bridge

AI Briefing

Tokyo Sangyo: diversified trading house spanning power generation, chemical/machinery plant, and living industry segments, with 16 consolidated subsidiaries across Asia, Europe, Americas. FY26/3 revenue US$396M (¥63.2B) with OP margin improving to 5.4%, rebounding from FY24/3's operating loss. Shareholder base is notably concentrated among strategic and financial holders, led by Seika Sangyo at 12.46% and Mitsubishi Heavy Industries at 9.24%, alongside Mitsubishi Komatsu-linked capital ties.

Open TOKYO SANGYO CO., LTD. in the demo →Comps, DCF and WACC for this company. Free, no time limit.

Performance & Balance

Revenue 5Y (US$)

EBITDA 5Y (US$)

Net Income 5Y (US$)

Capital Structure

61%

39%

EquityD/E 0.65xDebt

Liquidity vs Debt 5Y (US$)▲ Net Cash

CashInv. Sec.Debt

Business Segments

2026/03 · US$ (¥B)

Environment and chemical machinery business

Revenue

US$209M(¥33.4B)

Segment profit

US$6.09M(¥0.97B)2.9%

Electric power business

Revenue

US$149M(¥23.9B)

Segment profit

US$13.7M(¥2.18B)9.1%

Lifestyle business

Revenue

US$37.2M(¥5.94B)

Segment profit

US$1.70M(¥0.27B)4.6%

Shareholders

Top 10 hold 54.6%

as of 2026-03-31 · Source: Annual Securities Report

SEIKA CORPORATION

12.46%

The Master Trust Bank of Japan, Ltd. (Trust Account)

10.29%

Mitsubishi Heavy Industries,Ltd.

9.24%

Hikari Tsushin Investment Limited Partnership

6.70%

UH Partners 2 Investment Limited Partnership

4.16%

TOKYO ENERGY & SYSTEMS INC.

3.60%

Custody Bank of Japan, Ltd. (Trust Account)

2.51%

Meiji Yasuda Life Insurance Company

1.88%

TAKUMA CO.,LTD.

1.88%

Fujita Corporation

1.88%

Management

8 officers

Minoru KAMBARA

Director, Chairman of the Board

Apr 1977 Joined the Company Apr 2009 General Manager, Accounting Department, the Company Apr 2012 Executive Officer, General Manager, Accounting Department Jun 2014 Director, Executive Officer, Deputy General Manager, Administration Division Jun 2015 Director, Executive Officer, General Manager, Sales Division No. 4 Apr 2016 Director, Executive Officer, General Manager, Planning Division and General Manager, Sales Division No. 4 Apr 2017 Director, Managing Executive Officer, General Manager, Planning Division and General Manager, Sales Division No. 4 Apr 2018 Director, Managing Executive Officer, General Manager, Planning Division Apr 2021 Representative Director, President and Executive Officer Apr 2026 Representative Director, Chairman Jun 2026 Director, Chairman of the Board (current)

1954-09-16

Yasuo ASADA

Representative Director, President, President Executive Officer

Apr 1987 Joined The Bank of Tokyo, Ltd. (now MUFG Bank, Ltd.) Mar 2015 President, Turkey Mitsubishi Tokyo UFJ Bank (now MUFG Bank (Turkey)) Oct 2017 Joined the Company Jan 2018 General Manager, Overseas Business Office, the Company Apr 2018 General Manager, Planning Department, the Company Apr 2019 Deputy General Manager, Planning Division and General Manager, Planning Department Apr 2021 Executive Officer, General Manager, Planning Division Jun 2023 Director (Full-time Audit and Supervisory Committee Member) Apr 2026 President and Executive Officer Jun 2026 Representative Director, President and Executive Officer (current)

1963-10-14

Kenji TAZAWA

Director, Managing Executive Officer, in charge of Administration Division and General Manager, Administration Division

Apr 1986 Joined the Company Apr 2015 General Manager, Accounting Department Apr 2018 Representative Director, IAH Co., Ltd. Nov 2019 General Manager, Accounting Department Apr 2021 Deputy General Manager, Administration Division and General Manager, Accounting Department Apr 2022 Executive Officer, General Manager, Administration Division and General Manager, Accounting Department Apr 2023 Executive Officer, Deputy General Manager, Planning Division Jun 2023 Director, Executive Officer, General Manager, Planning Division Apr 2025 Director, Managing Executive Officer, General Manager, Planning Division Apr 2026 Director, Managing Executive Officer, in charge of Administration Division and General Manager, Administration Division (current)

1963-09-04

Eiichi MEJIME

Director, Managing Executive Officer, in charge of Sales Division

Apr 1990 Joined the Company Apr 2014 General Manager, Electric Power Department, the Company Apr 2017 General Manager, Electric Power Department No. 1, the Company Apr 2019 Deputy General Manager, Sales Division No. 1 and General Manager, Electric Power Department Apr 2020 Executive Officer, Deputy General Manager, Sales Division No. 1 and General Manager, Tohoku Branch Apr 2023 Senior Executive Officer, General Manager, Sales Division No. 1 and General Manager, Tohoku Branch Jun 2024 Director, Executive Officer, General Manager, Sales Division No. 1 and General Manager, Tohoku Branch Apr 2025 Director, Executive Officer, General Manager, Sales Division No. 1 Apr 2026 Director, Managing Executive Officer, in charge of Sales Division (current)

1968-01-17

Naoyuki TANAKA

Director, Full-time Audit and Supervisory Committee Member

Apr 1987 Joined the Company Apr 2017 General Manager, Information Systems Office, the Company Apr 2019 General Manager, Internal Audit Office, the Company Oct 2021 General Manager, General Affairs and Human Resources Department and General Manager, Sales Support Office, the Company Apr 2023 Executive Officer, General Manager, Administration Division, General Manager, General Affairs and Human Resources Department and General Manager, Sales Support Office Apr 2025 Senior Executive Officer, General Manager, Administration Division and General Manager, Sales Support Office Apr 2026 Senior Executive Officer (current) Jun 2026 Director (Full-time Audit and Supervisory Committee Member)

1964-10-26

Seiko FUKUZAKI

Director, Audit and Supervisory Committee Member

Oct 2001 Joined Kudan Sogo Law Office Oct 2003 Joined Bancho Square Law Office Jun 2015 Audit and Supervisory Board Member, the Company Jun 2017 Director (Audit and Supervisory Committee Member), the Company (current) Jul 2017 Joined Fukuzaki Law Office (current)

1968-06-26

Akihiro KAWAI

Director, Audit and Supervisory Committee Member

Apr 2003 Representative Partner, Kawai Certified Public Accountant and Tax Accountant Office (now Saitama Shintoshin Tax Accountant Corporation) (current) Jul 2012 Representative Partner, Yowa Audit Corporation (current) Jun 2015 Outside Director, Anrakutei Co., Ltd. (current) Jun 2023 Director (Audit and Supervisory Committee Member), the Company (current)

1968-01-09

Sunao NAKAMURA

Director

Apr 1984 Joined Nippon Kokan K.K. (now JFE Engineering Corporation) Apr 2004 General Manager, Technology Management Department, Nippon Kokan K.K. Jul 2004 Director, JFE Techno-Research Corporation; Director, JFE Net Co., Ltd. (now JFE Business Support Yokohama Co., Ltd.) Apr 2011 Executive Director, JFE Net Co., Ltd.; Research Director, The Engineering Advancement Association of Japan Oct 2012 Specially Appointed Professor, Keio University; Dr. Eng. Apr 2017 Permanent Fellow, The Japan Society of Mechanical Engineers Jun 2017 Auditor, The Combustion Society of Japan (current) Jun 2019 Director, the Company (current) Apr 2020 Visiting Professor, Keio University; Dr. Eng. (current) Jan 2021 Senior Fellow, The Japan Institute of Energy (current) Apr 2024 Fellow, Decarbonized Industrial Heat System Technology Research Association, certified by the Ministry of Economy, Trade and Industry (current)

1954-08-06

Large Shareholding Reports

Seika Sangyo Co., Ltd.

2026-11-12

16.77%→17.90%