Overview
Wholesale Trade

RYODEN CORPORATION

RYODEN Corporation is a specialized technology trading company that procures and sells FA systems, refrigeration and building systems, electronics components, and X-Tech products (including plant factory vegetables and sustainability solutions). The company serves manufacturing, food, medical, energy, and smart city markets, offering value-added solutions such as RFID systems, cleanroom construction, IoT remote monitoring, and proprietary AI-powered tools. Its competitive strength lies in deep technical expertise combined with trading capabilities, an expanding portfolio of original products under the 'RYODEN Tii!' brand, and a broad domestic and international network.

Market Cap
¥107B
US$681M
EV
¥74.6B
US$476M
Stock¥2,485▼-0.28%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
10.3
x
LTM EV/EBIT
11.6
x
LTM PER
18.8
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+38.5%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
107BUS$681MMarket Cap2.16BUS$13.8M+ Debt27.2BUS$173M− Cash7.34BUS$46.8M− Inv. Sec.0.15BUS$0.94M+ NCI74.6BUS$476MEV
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Performance & Balance
Revenue 5Y (¥B)
229US$1.46B'22/3260US$1.66B'23/3259US$1.65B'24/3216US$1.38B'25/3213US$1.36B'26/3
EBITDA 5Y (¥B)
7.47US$47.6M'22/39.95US$63.5M'23/38.97US$57.2M'24/36.26US$39.9M'25/36.04US$38.5M'26/3
Net Income 5Y (¥B)
5.00US$31.9M'22/35.37US$34.2M'23/35.74US$36.6M'24/34.70US$30.0M'25/35.28US$33.6M'26/3
Capital Structure
98%
EquityD/E 0.02xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
18.9US$120M0.82US$5.24M'22/318.0US$115M3.42US$21.8M'23/326.9US$171M3.22US$20.5M'24/340.2US$256M2.69US$17.1M'25/340.7US$259M2.35US$15.0M'26/3
Shareholders
Top 10 hold 54.5%
1
Mitsubishi Electric Corporation
35.97%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
6.67%
3
RYODEN Employee Stock Ownership Association
2.14%
4
Citizen Watch Co.,Ltd.
1.92%
5
BBH BOSTON FOR NOMURA JAPAN SMALLER CAPITALIZATION FUND 620065 (Standing Proxy: Mizuho Bank, Ltd.)
1.85%
6
Koshin KK Investment Limited Partnership (General Partner: Koshin Ltd.)
1.67%
7
DFA INTL SMALL CAP VALUE PORTFOLIO (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.46%
8
THE BANK OF NEW YORK, TREATY JASDEC ACCOUNT (Standing Proxy: MUFG Bank, Ltd.)
0.99%
9
BNYMSANV RE BNYMIL RE WS MORANT WRIGHT NIPPON YIELD FUND (Standing Proxy: MUFG Bank, Ltd.)
0.99%
10
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
0.84%
Management
9 officers
Katsuyuki TOMIZAWA
Representative Director, President
Apr 1983 Joined Mitsubishi Electric Corporation Jun 2005 Director and General Manager, Mitsubishi Electric Automation (Shanghai) Co., Ltd. Apr 2008 Chairman and General Manager, Mitsubishi Electric Automation (China) Co., Ltd.; Chairman and General Manager, Mitsubishi Electric Automation (Hong Kong) Co., Ltd. Apr 2012 Deputy General Manager, Nagoya Works, Mitsubishi Electric Corporation Apr 2015 Director and Deputy General Manager, Mitsubishi Electric (China) Co., Ltd. Apr 2017 Executive Officer, Chief Representative for China, Mitsubishi Electric Corporation; Chairman and General Manager, Mitsubishi Electric (China) Co., Ltd. Apr 2021 Joined Ryoden Corporation Jun 2021 Deputy President, Executive Officer, Ryoden Corporation Jun 2022 Representative Director, President (current)
1960-04-14
Kazumoto YOGOSAWA
Director, Senior Managing Executive Officer; in charge of Communications, General Affairs, Human Resources and Business Divisions; General Manager, Green Systems Business Division
Apr 1983 Joined Ryoden Corporation Jun 2002 Head of Semiconductor & Device Dept. III, Tokyo Branch Apr 2008 Director and General Manager, Ryosho Electronics (Shanghai) Co., Ltd. Jun 2011 Chairman and General Manager, Ryosho Electronics (Shanghai) Co., Ltd. Apr 2013 Director, East Asia Strategy Bureau, Overseas Business Promotion Office; Chairman and General Manager, Ryosho Electronics (Shanghai) Co., Ltd. Jun 2014 Deputy Branch Manager, Tokyo Branch Apr 2016 Branch Manager, Kanagawa Branch Apr 2018 General Manager, ICT Solutions Business Division Jun 2018 Executive Officer; General Manager, ICT Solutions Business Division Apr 2021 Executive Officer; Branch Manager, Central Japan Branch Jun 2021 Managing Executive Officer; Branch Manager, Central Japan Branch Apr 2023 Managing Executive Officer; in charge of Overseas Business Promotion; General Manager, Management Planning Office Jun 2024 Director, Managing Executive Officer; in charge of Administration and Strategy Divisions; General Manager, Management Planning Office Jun 2025 Director, Senior Managing Executive Officer; in charge of Administration and Strategy Divisions; General Manager, Management Planning Office Apr 2026 Director, Senior Managing Executive Officer; in charge of Communications, General Affairs, Human Resources and Business Divisions; General Manager, Green Systems Business Division (current)
1960-08-28
Yasuhiro SHIBATA
Director, Senior Executive Officer; in charge of Accounting and Finance Division; General Manager, Accounting Dept.
Apr 1991 Joined Ryoden Corporation Apr 2016 Deputy General Manager, Accounting Dept. Apr 2023 Executive Officer; General Manager, Accounting Dept. Jun 2024 Senior Executive Officer; General Manager, Accounting Dept. Jun 2025 Director, Senior Executive Officer; General Manager, Accounting Dept. Apr 2026 Director, Senior Executive Officer; in charge of Accounting and Finance Division; General Manager, Accounting Dept. (current)
1967-10-05
Yasumaru TOKIWA
Director, Full-time Audit and Supervisory Committee Member
Apr 1987 Joined Ryoden Corporation Jun 2010 General Manager, FA System Dept. II, Tokyo Branch Apr 2013 Director, Southeast Asia Strategy Bureau, Overseas Business Promotion Office; General Manager, FA System Dept. II, Tokyo Branch Aug 2013 Director, Southeast Asia Strategy Bureau, Overseas Business Promotion Office; Managing Director, RYOSHO TECHNO SINGAPORE PTE LTD Apr 2016 Deputy Branch Manager, Shikoku Branch Jun 2016 Branch Manager, Shikoku Branch Apr 2019 Deputy General Manager, Management Planning Office Jun 2019 Executive Officer; Deputy General Manager, Management Planning Office Apr 2020 Executive Officer; General Manager, Human Resources Dept. Apr 2023 Executive Officer; General Manager, FA & Facility Systems Business Division Jun 2023 Managing Executive Officer; General Manager, FA & Facility Systems Business Division Apr 2024 Managing Executive Officer; Branch Manager, Eastern Japan Branch Apr 2026 Managing Executive Officer Jun 2026 Director, Audit and Supervisory Committee Member (current)
1962-09-06
Hideki MATSUO
Director
Apr 1982 Joined Mitsui Toatsu Chemicals, Inc. (now Mitsui Chemicals, Inc.) Mar 2000 Director, Plant Manager, Mitsui Bisphenol Singapore Pte Ltd May 2003 Concurrently Director, Plant Manager, Mitsui Phenol Singapore Pte Ltd Apr 2006 President, Shanghai SINOPEC-Mitsui Chemicals Co., Ltd. Jun 2009 Managing Officer; General Manager, Planning, Development & Licensing Dept., Basic Chemicals Business Division, Mitsui Chemicals, Inc. Apr 2010 Managing Officer; General Manager, Planning & Administration Dept., Petrochemicals Business Division, Mitsui Chemicals, Inc. Jun 2011 Managing Officer; Deputy General Manager, Production & Technology Division, Mitsui Chemicals, Inc. Apr 2013 Executive Officer; General Manager, Production & Technology Division, Mitsui Chemicals, Inc. Apr 2014 Managing Executive Officer; General Manager, Production & Technology Division, Mitsui Chemicals, Inc. Jun 2016 Director, Managing Executive Officer; General Manager, Production & Technology Division, Mitsui Chemicals, Inc. Apr 2017 Director, Senior Managing Executive Officer; General Manager, Production & Technology Division, Mitsui Chemicals, Inc. Apr 2018 Representative Director, Senior Managing Executive Officer (CTO), Mitsui Chemicals, Inc. Apr 2020 Representative Director, Executive Vice President, Executive Officer (CTO), Mitsui Chemicals, Inc. Apr 2022 Director, Advisor, Mitsui Chemicals, Inc. Jun 2022 Advisor, Mitsui Chemicals, Inc. Jun 2022 Outside Audit & Supervisory Board Member, Toyo Engineering Corporation (current) Jun 2023 Director, Ryoden Corporation (current) Jun 2024 Outside Director, Alconix Corporation (current)
1956-06-27
Yuka OGASAWARA
Director
Apr 1999 Joined Overseas Economic Cooperation Fund (now Japan Bank for International Cooperation) Sep 2005 Joined Bain & Company Dec 2009 Joined Japan International Cooperation Agency (JICA) Apr 2019 Impact Officer, General Incorporated Foundation for Social Change Promotion (now Social Change Promotion Foundation) May 2022 Outside Audit & Supervisory Board Member, Rennovater Inc. Jun 2022 Outside Director, Nissin Foods Holdings Co., Ltd. (current) Dec 2023 Deputy Secretary General, Impact-Oriented Finance Declaration (current) Jun 2024 Director, Ryoden Corporation (current) Jun 2024 Outside Director, Audit and Supervisory Committee Member, Orient Corporation (current)
1975-11-10
Yuji KAGEYAMA
Director
Apr 1993 Joined Mitsubishi Electric Corporation Apr 2020 General Manager, Power & Energy Systems Planning Dept., Power & Industrial Systems Business Division, Mitsubishi Electric Corporation Apr 2020 Director; General Manager, Business Administration Dept., Melco Power Systems Business Support Co., Ltd. Apr 2022 General Manager, FA Overseas Planning Dept., FA Systems Business Division, Mitsubishi Electric Corporation Apr 2024 Senior Strategic Advisor, Mitsubishi Electric Automation (China) Co., Ltd. Apr 2025 General Manager, Management Division, Mitsubishi Electric Intelligent Manufacturing Technology (China) Group Co., Ltd. Apr 2025 Director, Mitsubishi Electric Automation (China) Co., Ltd. Apr 2026 General Manager, Business Planning Dept., Sales Division, Mitsubishi Electric Corporation (current) Apr 2026 Outside Audit & Supervisory Board Member, Mitsubishi Electric Industrial Solutions Corporation (current) Apr 2026 Outside Audit & Supervisory Board Member, Nagano Mitsubishi Electric Equipment Sales Co., Ltd. (current) Jun 2026 Director, Ryoden Corporation (current)
1970-04-18
Noriko SEKIGUCHI
Director, Audit and Supervisory Committee Member
Mar 1994 Registered as Certified Public Accountant Jan 2002 Re-registered as Certified Public Accountant Nov 2010 Principal, Sekiguchi CPA Office (now Noriko Sekiguchi CPA Office) (current) Jul 2012 Registered as Certified Tax Accountant Jun 2015 Outside Director, Tokyo Ohka Kogyo Co., Ltd. Jan 2019 Executive Officer, Chifure Holdings Co., Ltd. Jun 2021 Outside Audit & Supervisory Board Member, Oji Holdings Corporation Jun 2022 Audit & Supervisory Board Member, Ryoden Corporation Jul 2022 Auditor, Japan International Cooperation Agency (current) Mar 2023 Outside Director, Audit and Supervisory Committee Member, Tokyo Ohka Kogyo Co., Ltd. Jun 2024 Director, Audit and Supervisory Committee Member, Ryoden Corporation (current) Mar 2026 Auditor, Japan College of Social Work (current)
1964-01-23
Thomas WITTI
Director, Audit and Supervisory Committee Member
Nov 1992 Joined Hermann Hammelrath & Partner, Düsseldorf Jul 1995 Joined Hermann Hammelrath & Partner, Tokyo Jan 2006 Managing Partner, Tokyo, ARKIS Law Office (Foreign Law Joint Enterprise) (current) Nov 2008 Part-time Lecturer, Business Law, Graduate School of Business Sciences, University of Tsukuba Jan 2013 Representative, Japan Office, German-Japanese Lawyers' Association Jun 2022 Director, Ryoden Corporation Jun 2024 Director, Audit and Supervisory Committee Member, Ryoden Corporation (current)
1960-09-12
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-23
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-06-24
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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