Overview
Wholesale Trade

HANWA CO.,LTD.

Hanwa Co., Ltd. is a major Japanese trading company specializing in steel products—including steel plates, bars, shapes, pipes, and construction materials—alongside recycled and primary metals (aluminum, copper, nickel, chromium, silicon), seafood (shrimp, crab, and other marine products), and energy/industrial materials (petroleum products, chemicals, biomass fuels). The company also operates in housing materials, industrial and amusement machinery, and timber imports. With a group comprising the parent company, 98 subsidiaries, and 34 affiliates, Hanwa leverages an extensive domestic and international sales network spanning Asia, the Americas, Europe, and the Middle East to serve a diverse customer base across multiple industries.

Market Cap
¥353B
US$2.25B
EV
¥497B
US$3.17B
Stock¥1,825▼-1.51%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.7
x
LTM EV/EBIT
7.6
x
LTM PER
8.9
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+17.6%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 4, 26Market-wide: TOPIX-linked decline
2Aug 7, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
353BUS$2.25BMarket Cap371BUS$2.37B+ Debt90.7BUS$579M− Cash141BUS$899M− Inv. Sec.5.29BUS$33.7M+ NCI497BUS$3.17BEV
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Performance & Balance
Revenue 5Y (¥B)
2,164US$13.8B'22/32,668US$17.0B'23/32,432US$15.5B'24/32,555US$16.3B'25/32,663US$17.0B'26/3
EBITDA 5Y (¥B)
68.5US$437M'22/371.5US$456M'23/359.1US$377M'24/371.3US$455M'25/367.7US$432M'26/3
Net Income 5Y (¥B)
43.6US$278M'22/351.5US$328M'23/338.4US$245M'24/345.5US$290M'25/338.3US$244M'26/3
Capital Structure
54%
46%
EquityD/E 0.85xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
247US$1.57B720US$4.59B'22/3184US$1.17B378US$2.41B'23/3183US$1.16B362US$2.31B'24/3182US$1.16B382US$2.44B'25/3231US$1.47B357US$2.28B'26/3
Shareholders
Top 10 hold 37.5%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
12.39%
2
HANWA CO.,LTD. Business Partners' Stock Ownership Association
6.25%
3
Custody Bank of Japan, Ltd. (Trust Account)
5.18%
4
HANWA CO.,LTD. Employee Stock Ownership Association
2.94%
5
THE CHASE MANHATTAN BANK, N.A. LONDONSECS LENDING OMNIBUS ACCOUNT (Standing Proxy: Mizuho Bank, Ltd.)
2.60%
6
Sumitomo Mitsui Banking Corporation
1.96%
7
DFA INTL SMALL CAP VALUE PORTFOLIO (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.62%
8
NIPPON STEEL CORPORATION
1.54%
9
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.53%
10
BNYM AS AGT/CLTS NON TREATYJASDEC (Standing Proxy: MUFG Bank, Ltd.)
1.48%
Management
13 officers
Yoichi NAKAGAWA
Representative Director, President
Apr 1986 Joined the Company Apr 2013 Executive Officer (Managing Director), in charge of Accounting and Related Businesses; General Manager, Accounting Department; General Manager, Related Business Division Apr 2014 Executive Officer Jun 2015 Director and Executive Officer Apr 2016 Director and Managing Executive Officer Apr 2017 Director and Senior Managing Executive Officer Apr 2022 Representative Director, President (current)
1961-08-14
Yoshifumi MIYANO
Director, Senior Managing Executive Officer
Apr 1988 Joined the Company Apr 2015 Executive Officer (Managing Director), in charge of Chemicals and Paper Materials; General Manager, Chemicals Department, Tokyo Head Office Apr 2016 Executive Officer Apr 2022 Managing Executive Officer Apr 2026 Senior Managing Executive Officer Jun 2026 Director, Senior Managing Executive Officer (current) [Current responsibilities] Energy, Food, and Living Materials Divisions; General Supervision of New Business Promotion
1963-10-11
Hisashi HONDA
Director, Senior Managing Executive Officer
Mar 1991 Joined the Company Apr 2021 Executive Officer (Managing Director), in charge of Information Systems, Operational Accounting, and Trade Operations; General Manager, Operational Accounting Department; General Manager, Trade Operations Department Apr 2022 Executive Officer Jun 2023 Director and Executive Officer Apr 2024 Director and Managing Executive Officer Apr 2026 Director, Senior Managing Executive Officer (current) [Current responsibilities] General Supervision of Administrative Divisions
1968-11-30
Kenji NAITO
Director, Managing Executive Officer
Mar 1991 Joined the Company Apr 2019 Executive Officer (Managing Director), in charge of Company-wide Wire Rod and Specialty Steel Business; General Manager, Wire Rod and Specialty Steel and Titanium Department, Tokyo Head Office Apr 2021 Executive Officer Apr 2026 Managing Executive Officer Jun 2026 Director, Managing Executive Officer (current) [Current responsibilities] Tokyo Heavy Plate Division; Machinery Division; Company-wide Wire Rod and Specialty Steel Business; General Supervision of East Asia
1968-07-09
Yasuhiko WATANABE
Director, Managing Executive Officer
Apr 1992 Joined the Company Oct 2021 Executive Officer (Managing Director), in charge of Management Planning; General Manager, Management Planning Department Apr 2023 Executive Officer Apr 2026 Managing Executive Officer Jun 2026 Director, Managing Executive Officer (current) [Current responsibilities] General Supervision of Americas; Management Planning, Sustainability Promotion, and Europe and U.S. Strategy
1969-05-27
Daigo MATSUMOTO
Director, Executive Officer
Apr 1996 Joined the Company Oct 2021 Executive Officer (Managing Director); President, Hanwa Daisan Co., Ltd. Apr 2025 Executive Officer Jun 2026 Director, Executive Officer (current) [Current responsibilities] Tokyo Heavy Plate Division; Steel Plate Sales; Steel Pipe Sales; Niigata Branch
1972-02-14
Kamemi NAKAI
Director
Apr 1974 Joined Nomura Securities Co., Ltd. (now Nomura Holdings, Inc.) Jun 1995 Director, Nomura Securities Co., Ltd. Apr 1999 Managing Director, Nomura Securities Co., Ltd. Apr 2003 Director and Senior Managing Executive Officer, Nomura Asset Management Co., Ltd. Jun 2003 Executive Officer, Nomura Holdings, Inc. (retired Mar 2006) Apr 2008 Adviser, Nomura Asset Management Co., Ltd. (retired Mar 2009) Jun 2009 Representative Director and President, Nomura Land and Building Co., Ltd. (now Nomura Properties Co., Ltd.) (retired Mar 2012) Jun 2011 Representative Director and President, Nomura Real Estate Holdings, Inc. Apr 2012 Representative Director, President and Executive Officer, Nomura Real Estate Co., Ltd. Apr 2015 Representative Director and Chairman, Nomura Real Estate Co., Ltd. Jun 2015 Representative Director and Chairman, Nomura Real Estate Holdings, Inc. (retired Jun 2017) Jun 2017 Senior Adviser, Nomura Real Estate Co., Ltd. (retired Sep 2020) Outside Director, Daiko Securities Business Co., Ltd. (retired Mar 2021) Nov 2018 Outside Director, Bic Camera Inc. (retired Nov 2020) Jun 2019 Director, Hanwa Co., Ltd. (current) Dec 2020 Representative Director, Kinmirai Sekkei Co., Ltd. (retired May 2023) Jun 2022 Outside Director, Taihei Engineering Co., Ltd. (current) (Principal concurrent position) Outside Director, Taihei Engineering Co., Ltd.
1950-07-30
Reiko FURUKAWA
Director
Apr 1981 Joined Nihon Univac Co., Ltd. (now BIPROGY Inc.) Apr 2007 General Manager, Industry Development Department, Nihon Unisys Excelution Co., Ltd. (now UEL Co., Ltd.) Apr 2009 Executive Officer, Nihon Unisys Excelution Co., Ltd. Apr 2011 General Manager, Outsourcing Planning Department, Uniadex, Ltd. Apr 2014 General Manager, Quality Assurance Department, Uniadex, Ltd. Jul 2017 Full-time Corporate Auditor, Uniadex, Ltd. (retired Jun 2021) Jun 2022 Director, Hanwa Co., Ltd. (current) Jun 2024 Outside Director, NHK Spring Co., Ltd. (current) (Principal concurrent position) Outside Director, NHK Spring Co., Ltd.
1959-02-12
Chika SATO
Director
Apr 1982 Joined Sumitomo Electric Industries, Ltd. Sep 2011 Executive Officer, Head of Human Resources, Microsoft Japan Co., Ltd. Sep 2016 Head of Human Resources, Japan and North Asia, Nokia Solutions and Networks Apr 2018 Executive Officer, General Manager, Culture Transformation, NEC Corporation Apr 2019 Senior Executive, General Manager, Organizational Development, NEC Corporation Apr 2022 Corporate Executive, Head of Diversity and Inclusion, Human Resources and General Affairs, NEC Corporation Apr 2023 Chief Diversity Officer, People and Culture, NEC Corporation (retired Mar 2024) Mar 2024 Outside Director, Asahi Group Holdings, Ltd. (current) Jun 2024 Director, Hanwa Co., Ltd. (current) Jan 2026 Outside Director, Showa Tsusho Co., Ltd. (current) (Principal concurrent positions) Outside Director, Asahi Group Holdings, Ltd.; Outside Director, Showa Tsusho Co., Ltd.
1962-01-23
Ryuichi TAKESAKO
Director, Full-time Audit and Supervisory Committee Member
Mar 1987 Joined the Company Apr 2014 Executive Officer (Managing Director), in charge of Overseas Sales I and II and Trade Operations Management; General Manager, Overseas Sales Department II Apr 2016 Executive Officer Apr 2019 Managing Executive Officer Jun 2026 Director, Full-time Audit and Supervisory Committee Member (current)
1964-07-25
Hideyuki TAKAHASHI
Director, Audit and Supervisory Committee Member
Apr 1980 Joined The Nippon Kogyo Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2012 Managing Executive Officer, Mizuho Financial Group, Inc. Jun 2012 Managing Director, Mizuho Financial Group, Inc. Apr 2013 Deputy President and Director, Mizuho Financial Group, Inc. Apr 2014 Director (Vice Chairman of the Board), Mizuho Financial Group, Inc. (retired Jun 2017) Jun 2017 Representative Director and President, Mizuho Research Institute Ltd. (now Mizuho Research & Technologies, Ltd.) (retired Jun 2019) Jun 2019 Chairman and Director, Kyoritsu Maintenance Co., Ltd. (retired Jun 2021) Outside Director, Sunshine City Corporation (retired Jun 2026) Jun 2020 Outside Audit & Supervisory Board Member, WOWOW Inc. (retired Jun 2022) Jun 2020 Audit & Supervisory Board Member, Hanwa Co., Ltd. Jun 2021 Senior Adviser, Kyoritsu Maintenance Co., Ltd. (retired Jun 2022) Jun 2022 Outside Director (Audit and Supervisory Committee Member), WOWOW Inc. (retired Jun 2024) Jun 2023 Outside Director, Aozora Bank, Ltd. (current) Jun 2025 Director, Audit and Supervisory Committee Member, Hanwa Co., Ltd. (current) (Principal concurrent position) Outside Director, Aozora Bank, Ltd.
1957-04-20
Naoya SAKURAI
Director, Audit and Supervisory Committee Member
Apr 1980 Joined Toshiba Corporation Sep 2015 Executive Vice President, Toshiba Corporation Jun 2016 Senior Executive Vice President, Toshiba Corporation Oct 2017 Director and Senior Executive Vice President, Toshiba Corporation Jun 2018 Director and Executive Vice President, Toshiba Corporation Jun 2019 Executive Vice President, Toshiba Corporation Apr 2020 Representative Executive Vice President, in charge of Legal Affairs and Internal Control Promotion, Toshiba Corporation (retired Jun 2022) Jun 2024 Audit & Supervisory Board Member, Hanwa Co., Ltd. Jun 2025 Director, Audit and Supervisory Committee Member, Hanwa Co., Ltd. (current)
1957-01-09
Hisanori KUNIGA
Director, Audit and Supervisory Committee Member
Apr 1983 Joined Sumitomo Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Apr 2011 Executive Officer, Sumitomo Mitsui Banking Corporation Apr 2015 Managing Executive Officer, Sumitomo Mitsui Banking Corporation (retired Apr 2018) Apr 2017 Managing Executive Officer, Sumitomo Mitsui Financial Group, Inc. (retired Apr 2018) May 2018 Adviser, Sumitomo Mitsui Banking Corporation (retired Mar 2021) Apr 2021 Senior Managing Executive Officer, Japan Research Institute, Ltd. Jun 2022 Director and Senior Managing Executive Officer, Japan Research Institute, Ltd. Apr 2023 Director and Vice President Executive Officer, Japan Research Institute, Ltd. (retired Jun 2024) Jun 2024 Audit & Supervisory Board Member, Hanwa Co., Ltd. Jun 2025 Director, Audit and Supervisory Committee Member, Hanwa Co., Ltd. (current)
1960-08-12
Large Shareholding Reports
T. Rowe Price Japan, Inc.
2025-11-21
5.09%→4.09%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-21
Large Shareholding Report
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-07
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
2024-11-08
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
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-08
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-27
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-10
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-24
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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