Overview
Wholesale Trade

T.KAWABE & CO.,LTD.

Kawabe Co., Ltd. is a Japanese specialty retailer and wholesaler of personal accessories, operating two core business segments: a Personal Accessories Business covering handkerchiefs, scarves, mufflers, towels, and miscellaneous goods, and a Fragrance Business covering perfumes and related products. The company distributes products through both directly operated retail stores and wholesale channels, offering a broad portfolio of branded and licensed items including collaborations with Laura Ashley, Doraemon, Moomin, and Kate Spade New York. Its competitive strengths lie in its extensive licensed character and fashion brand portfolio, vertically integrated supply chain through group manufacturing subsidiaries, and established retail and wholesale network.

Market Cap
¥2.54B
US$16.2M
EV
¥1.03B
US$6.58M
Stock¥1,394▼-0.29%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.1
x
LTM EV/EBIT
68.8
x
LTM PER
35.8
x
LTM PBR
0.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-20.7%pt
100
Oct 24, 25 – Oct 22, 26StockTOPIX
MC → EV Bridge
2.54BUS$16.2MMarket Cap2.11BUS$13.4M+ Debt1.54BUS$9.84M− Cash2.08BUS$13.2M− Inv. Sec.1.03BUS$6.58MEV
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Performance & Balance
Revenue 5Y (¥B)
10.8US$68.8M'22/312.6US$80.0M'23/313.1US$83.3M'24/312.8US$81.4M'25/313.0US$83.1M'26/3
EBITDA 5Y (¥B)
-0.02-US$0.16M'22/30.31US$1.97M'23/30.48US$3.07M'24/30.48US$3.08M'25/30.38US$2.41M'26/3
Net Income 5Y (¥B)
-0.37-US$2.33M'22/30.12US$0.79M'23/30.27US$1.70M'24/30.41US$2.62M'25/30.19US$1.19M'26/3
Capital Structure
78%
22%
EquityD/E 0.28xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.91US$12.2M3.35US$21.3M'22/32.26US$14.4M2.59US$16.5M'23/32.68US$17.1M2.49US$15.9M'24/32.52US$16.0M2.28US$14.5M'25/33.43US$21.9M2.26US$14.4M'26/3
Shareholders
Top 10 hold 66.2%
1
Ikko Co., Ltd.
55.03%
2
Michio MARUYAMA
3.01%
3
ITOCHU Corporation
2.91%
4
Tsunekichi MATSUMOTO
1.10%
5
Yasuyuki OCHI
1.09%
6
Isamu OSHIMA
0.63%
7
Masaya IWASAWA
0.62%
8
Makoto OZEKI
0.61%
9
Hiroko KAWABE
0.60%
10
Isao OCHI
0.59%
Management
9 officers
Masayuki OKANO
Representative Director, President and Head of Sales Division
Apr 1991 Joined Kawabe Co., Ltd. Apr 2017 Deputy General Manager, Planning Department, Merchandise Division, Sales Division of the Company Apr 2018 Executive Officer, Head of Merchandise Division, Sales Division; General Manager, Planning Department; Head of Marketing Office and Public Relations Office Apr 2019 Executive Officer, Head of Sales Division Jun 2019 Representative Director, President and Head of Sales Division Feb 2021 Representative Director, President Apr 2026 Representative Director, President and Head of Sales Division (current)
1969-01-11
Yasuyuki OCHI
Representative Director, Head of Corporate Planning Office
Sep 2002 Representative Director, Vice President, Ichiko Co., Ltd. Jun 2003 Adviser, New Business Department of the Company Jun 2004 Director of the Company Apr 2005 Director, Head of New Business Division and General Manager, New Business Department Mar 2006 Representative Director, Towel Museum Co., Ltd. (current) Apr 2006 Director, Head of Sales Division and Head of Retail Division Jun 2006 Managing Director, Head of Sales Division and Head of Retail Division Jul 2006 Director, Obara Co., Ltd. Apr 2009 Managing Director, Head of Sales Division Jun 2009 Representative Director, Senior Managing Director, Head of Sales Division Jun 2010 Representative Director, Senior Managing Director, Head of Sales Division and Head of Fragrance Division Apr 2011 Representative Director, Senior Managing Director, Head of Sales Division Sep 2011 Chairman, Kawabe (Shanghai) Trading Co., Ltd. Jul 2012 Representative Director, Senior Managing Director, Head of Corporate Planning Office Apr 2015 Representative Director, Senior Managing Director, Head of Corporate Planning Office and Head of Group Companies Division Apr 2016 Representative Director, President, Ichiko Co., Ltd. (current) Jun 2016 Director, Head of Corporate Planning Office and Head of Group Companies Division Feb 2021 Director, Head of Corporate Planning Office Jun 2022 Representative Director, Head of Corporate Planning Office (current) Jun 2025 Director, GroNext Co., Ltd. (current)
1970-07-24
Taichi TOGAMI
Director, Head of Group Companies Division and Chairman, Kawabe (Shanghai) Trading Co., Ltd.
Apr 1992 Joined Kawabe Co., Ltd. Apr 2018 Branch Manager, Fukuoka Branch, Department Store Division, Sales Division of the Company; Deputy General Manager, Sales Department Apr 2019 Executive Officer, Branch Manager, Tokyo Branch, Department Store Division, Sales Division of the Company Apr 2020 Executive Officer, Head of Department Store Division and Branch Manager, Tokyo Branch Jun 2020 Director, Head of Department Store Division and Branch Manager, Tokyo Branch Feb 2021 Director, Head of Sales Division, Head of Merchandise Division and Head of Group Companies Division Apr 2022 Director, Head of Sales Division, Head of Department Store Division and Head of Group Companies Division Apr 2024 Director, Head of Sales Division, Head of Group Companies Division and Chairman, Kawabe (Shanghai) Trading Co., Ltd. Apr 2026 Director, Head of Group Companies Division and Chairman, Kawabe (Shanghai) Trading Co., Ltd. (current)
1969-05-11
Jiro ARITA
Director, Head of Management Administration Division
Apr 1983 Joined Kawabe Co., Ltd. Apr 2012 General Manager, Policy Department, Merchandise Division, and Head of Quality Control Office of the Company Apr 2017 Seconded to Ichiko Co., Ltd.; Managing Director, Ichiko Towel (Dalian) Co., Ltd., China Apr 2020 Executive Officer, Imabari Center, Management Administration Division of the Company Feb 2021 Executive Officer, Head of Management Administration Division and Head of Administration Division Jun 2021 Director, Head of Management Administration Division and Head of Administration Division Apr 2025 Director, Head of Management Administration Division (current)
1964-12-22
Nanako SADASUE
Director
Apr 1995 Joined Shonan Shinkin Bank Jan 1998 Joined Makers Shirt Kamakura Co., Ltd. Jun 2009 Director, Makers Shirt Kamakura Co., Ltd. Sep 2018 President, Kamakura Shirts New York Inc. Jun 2020 Representative Director, President, Makers Shirt Kamakura Co., Ltd. (current) Jan 2021 Chairman, Meikesi Trading (Shanghai) Co., Ltd. (current) Nov 2021 Member, Textile Industry Subcommittee, Industrial Structure Council, Ministry of Economy, Trade and Industry Jun 2023 Outside Director of the Company (current) Jun 2024 President and CEO, Kamakura Shirts New York Co., Ltd. (current) Jun 2026 Outside Director, Legal Corporation Co., Ltd. (current)
1972-04-17
Kenji KAJIWARA
Outside Director
Aug 1988 Joined Senshukai Co., Ltd. Apr 2009 Executive Officer, Senshukai Co., Ltd. Mar 2015 Director and Executive Officer, Senshukai Co., Ltd. Jan 2016 Director, Representative of Tokyo Head Office and President, Senshukai Childike Co., Ltd. Nov 2018 President and Representative Director, Executive Officer, Senshukai Co., Ltd. Jun 2024 Chairman, Japan Direct Marketing Association (JADMA) (current) Jun 2024 Vice Chairman, Japan Retailers Association (current) Apr 2025 Adviser, Senshukai Co., Ltd. (current) Jun 2026 Outside Director of the Company (current)
1961-06-20
Yuji YASUDA
Standing Audit & Supervisory Board Member
Apr 1980 Joined Kawabe Co., Ltd. Apr 1998 Section Manager, Personnel Section, General Affairs Department, Administration Division of the Company Jul 2009 Section Manager, Personnel Section, General Affairs Department, Administration Division, Management Administration Division (Deputy General Manager) Apr 2012 General Manager, General Affairs Department, Administration Division, Management Administration Division of the Company Mar 2016 Senior Adviser, Administration Division, Management Administration Division of the Company Mar 2018 Adviser, Administration Division, Management Administration Division of the Company Jun 2019 Audit & Supervisory Board Member of the Company (current)
1958-03-28
Takashi HORA
Audit & Supervisory Board Member
Oct 2004 Registered as Attorney-at-Law (57th class) Jun 2015 Outside Audit & Supervisory Board Member of the Company (current) Apr 2017 Partner Attorney, Shinbo, Hora & Akashi Law Office Aug 2020 Established Akashi, Hora & Sato Law Office (current)
1973-05-31
Tokio KANZAKI
Audit & Supervisory Board Member
Oct 2002 Joined Asahi Audit Corporation Dec 2008 Representative, Tokio Kanzaki Certified Public Accountant Office (current) Feb 2012 Representative Director, President, Auditor Co., Ltd. (current) May 2019 Provisional Audit & Supervisory Board Member of the Company Jun 2019 Outside Audit & Supervisory Board Member of the Company (current)
1971-11-17
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-26
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
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
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
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
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
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
2022-08-10
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
2021-08-10
Quarterly Securities Report
EDINETAmended
2021-07-07
Amended Annual Securities Report
EDINET
2021-06-30
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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