Liquidation-designated · Scheduled delisting: 2027-03-01 JPX notice
Overview
Retail Trade

Saikaya Department Store Co.,Ltd.

Saikaya Co., Ltd. operates department stores in the Kanagawa Prefecture area, with locations in Yokosuka and Fujisawa, as well as a satellite-type store in Kawasaki. The company's core department store business is complemented by related activities including wholesale of watches, jewelry, and precious metals (through consolidated subsidiary Alpha Trend Co., Ltd.), a prepaid membership program (Saikaya Tomonokai), real estate leasing, and building management. The company became a subsidiary of AFC-HD Ams Life Science Co., Ltd. in May 2021.

Market Cap
¥1.56B
US$9.96M
EV
¥8.87B
US$56.6M
Stock¥244▲+0.00%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
17.7
x
LTM EV/EBIT
71.5
x
LTM PER
18.4
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-59.2%pt
10012345
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jun 19, 26Board approved share buyback
2Jul 16, 26Q3 FY2026/08 earnings announced
3Jul 29, 26Board approved share buyback and cancellation
4Oct 19, 26Share exchange with AFC-HD for full subsidiarization, 10:3 ratio implies dilutive ¥262 theoretical price
5Oct 20, 26Share price converges to AFC-HD share exchange ratio (10:3), implied value ¥262
MC → EV Bridge
1.56BUS$9.96MMarket Cap8.55BUS$54.5M+ Debt0.94BUS$6.03M− Cash0.29BUS$1.87M− Inv. Sec.8.87BUS$56.6MEV
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Generating insights…
Performance & Balance
Revenue 5Y (¥B)
2.42US$15.4M'22/85.20US$33.2M'23/84.95US$31.6M'24/84.63US$29.5M'25/84.59US$29.3M'26/8
EBITDA 5Y (¥B)
0.16US$0.99M'22/80.48US$3.06M'23/80.44US$2.82M'24/80.46US$2.94M'25/8
Net Income 5Y (¥B)
-0.06-US$0.35M'22/80.01US$0.06M'23/80.07US$0.47M'24/80.11US$0.70M'25/80.09US$0.54M'26/8
Capital Structure
86%
EquityD/E 6.29xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.83US$11.7M8.66US$55.2M'22/82.04US$13.0M8.66US$55.2M'23/81.87US$11.9M8.66US$55.2M'24/81.72US$11.0M8.65US$55.2M'25/81.24US$7.89M8.55US$54.5M'26/8
Shareholders
Top 10 hold 74.7%
1
AFC-HD AMS Life Science Co.,Ltd.
47.65%
2
Tadahiko ASAYAMA
10.89%
3
MATSUI SECURITIES CO.,LTD.
3.94%
4
Nomura Securities Co., Ltd.
3.41%
5
The Bank of Yokohama, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
2.25%
6
Uchino Co., Ltd.
2.01%
7
Saikaya Department Store Co.,Ltd. Business Partners' Stock Ownership Association
1.97%
8
Yoshimi YAMADA
1.33%
9
Design Art Center Co., Ltd.
0.63%
10
Morgan Stanley MUFG Securities Co., Ltd.
0.60%
Management
9 officers
Tadahiko ASAYAMA
Representative Director, Chairman
Jun 1969 Founded Asayama Shoji Dec 1980 Established Miou Shokuhin Co., Ltd. (now AFC-HD AMS Life Science Co., Ltd.); assumed post as Representative Director Aug 1993 Established AFC Co., Ltd.; assumed post as Director Aug 2002 Assumed post as Representative Director, Chairman of AFC Co., Ltd. (current) Sep 2003 Assumed post as Representative Director, Chairman of AFC-HD AMS Life Science Co., Ltd. Nov 2016 Assumed post as Perpetual Honorary Chairman of AFC-HD AMS Life Science Co., Ltd. (current) May 2022 Representative Director, Chairman of the Company (current)
1942-04-29
Teruo YAMANOI
Representative Director, President, Head of Sales Division
Apr 1979 Joined Moriya Kenko Shokuhin Co., Ltd. Sep 2011 Joined AFC Co., Ltd. Sep 2011 Director in charge of Department Store Business, AFC Co., Ltd. Oct 2011 Senior Managing Director in charge of Department Store Business, AFC Co., Ltd. Jun 2016 General Manager, Related Business Division, the Company Apr 2017 General Manager, Sales Development Department, the Company May 2017 Executive Officer, General Manager, Sales Development Department, the Company Aug 2017 Executive Officer, General Manager, Sales Planning Department, the Company Jul 2018 Director in charge of New Development Business, AFC Co., Ltd. May 2021 Managing Director, Executive Officer, Head of Corporate Planning and Development Division, the Company Jan 2022 Director, President and Executive Officer, the Company May 2022 Representative Director, President, the Company Dec 2024 Representative Director, President, Head of Sales Division, the Company (current)
1954-08-27
Atsuro WAKITA
Senior Managing Director, Executive Officer, Head of Department Store Business Division
Apr 1983 Joined the Company May 2009 Deputy Manager, Kawasaki Store, the Company Mar 2010 Manager, Kawasaki Store, the Company Apr 2012 Manager, Fujisawa Store, the Company Mar 2014 Manager, Yokosuka Store, the Company May 2016 Executive Officer, Manager, Yokosuka Store, the Company Dec 2017 Executive Officer, Manager, Fujisawa Store, the Company Jun 2018 Executive Officer attached to Operations Division, the Company Mar 2019 Executive Officer, General Manager, Food Department, Merchandising Division, the Company May 2021 Director, Executive Officer, Manager, Yokosuka Store, Sales Division, the Company Apr 2022 Director, Executive Officer, Head of Sales Division and Manager, Yokosuka Store, the Company May 2022 Director, Senior Managing Executive Officer, Head of Sales Division, the Company Nov 2023 Senior Managing Director, Executive Officer, Head of Sales Division, the Company Dec 2024 Senior Managing Director, Executive Officer, Head of Department Store Business Division, the Company (current)
1960-07-09
Koji NAKANO
Managing Director, Executive Officer, Head of Administration Division
Apr 1991 Joined the Company Apr 2014 Deputy Manager, Corporate Planning Department, the Company May 2017 General Manager, Merchandising Planning Department, the Company Aug 2019 General Manager, Sales Planning Department, the Company May 2020 Executive Officer, Deputy Head of Sales Division and General Manager, Sales Planning Department, the Company Feb 2021 Executive Officer, Deputy Head of Sales Division and General Manager, Sales Planning Department, the Company May 2021 Director, Executive Officer, Deputy Head of Sales Division and General Manager, Sales Planning Department, the Company Apr 2022 Director, Executive Officer, Head of Administration Division, the Company Jan 2023 Director, Managing Executive Officer, Head of Administration Division, the Company Nov 2023 Managing Director, Executive Officer, Head of Administration Division, the Company (current)
1968-06-18
Yudai TANAKA
Director, Executive Officer, Deputy Head of Sales Division and Manager, Fujisawa Store
Apr 1989 Joined the Company Sep 2012 Deputy Manager, Fujisawa Store, the Company Jun 2013 Manager, Machida Jorna Store, the Company Mar 2014 Manager, Fujisawa Store, the Company May 2016 Executive Officer, Manager, Fujisawa Store, the Company Apr 2017 Executive Officer, Manager, Kawasaki Store, the Company Jun 2018 Executive Officer, Manager, Fujisawa Store, the Company May 2021 Director, Executive Officer, Manager, Fujisawa Store, Sales Division, the Company Apr 2022 Director, Executive Officer, Deputy Head of Sales Division and Manager, Fujisawa Store, the Company (current)
1965-09-15
Takehiko ASAYAMA
Director
Aug 1999 Joined Diva Presentation Inc. Apr 2001 Joined AFC-HD AMS Life Science Co., Ltd. Jul 2001 Director, General Manager, Sales Planning Department, AFC-HD AMS Life Science Co., Ltd. Mar 2002 Senior Managing Director, Head of Sales Division, AFC-HD AMS Life Science Co., Ltd. Sep 2003 Representative Director, President, AFC-HD AMS Life Science Co., Ltd. Nov 2005 Representative Director, President, Kenko TV Co., Ltd. Nov 2006 Representative Director, President, Nihon Yobo Igaku Kenkyusho Co., Ltd. Jun 2009 Representative Director, President, AFC Co., Ltd. Mar 2016 Representative Director, President, Honso Pharmaceutical Co., Ltd. May 2019 Chairman, Hangzhou Yongyuan Ai Biotechnology Technology Co., Ltd. May 2021 Director, the Company (current) Nov 2021 Representative Director, Chairman, AFC-HD AMS Life Science Co., Ltd. (current)
1968-12-07
Satoru INAGE
Director, Audit and Supervisory Committee Member
Apr 1974 Joined the Company Mar 2010 Group Manager, Accounting Department, the Company Apr 2014 Deputy Manager, Accounting Department, the Company May 2015 Substitute Audit & Supervisory Board Member, the Company May 2016 Full-time Audit & Supervisory Board Member, the Company May 2022 Director, Audit and Supervisory Committee Member, the Company (current)
1956-03-01
Akira YOSHIKAWA
Director, Audit and Supervisory Committee Member
Dec 1961 Joined Suzuki Motor Corporation Apr 1979 Assumed post as Member, Hamamatsu City Assembly Apr 1991 Assumed post as Member, Shizuoka Prefectural Assembly Mar 2007 Resigned as Member, Shizuoka Prefectural Assembly
Shigeki NISHIHARA
Director, Audit and Supervisory Committee Member
Apr 1977 Joined Doriko Co., Ltd. Nov 1989 Assumed post as Member, Sagara Town Assembly Apr 1991 Assumed post as Member, Shizuoka Prefectural Assembly Oct 2005 Assumed post as Mayor of Makinohara City Oct 2017 Resigned as Mayor of Makinohara City Apr 2020 Assumed post as Visiting Professor, Shizuoka University (current)
Large Shareholding Reports
Tadahiko ASAYAMA
2026-06-11
14.09%→8.39%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-02-28): 10.89%
Evo Fund
2026-06-10
7.84%→3.23%
Tadahiko ASAYAMA
2026-06-09
14.09%→8.39%
Annual report (as of 2026-02-28): 10.89%
Evo Fund
2026-06-08
8.92%→7.84%
Evo Fund
2026-05-29
9.95%→8.92%
Evo Fund
2026-05-13
10.84%→9.95%
AFC-HD AMS Life Science Co., Ltd.
2026-05-11
57.96%→56.69%
Annual report (as of 2026-02-28): 47.65%
Evo Fund
2026-04-20
11.91%→10.84%
Evo Fund
2026-04-10
12.96%→11.91%
Evo Fund
2026-03-26
14.05%→12.96%
AFC-HD AMS Life Science Co., Ltd.
2026-03-11
51.45%→57.96%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-02-28): 47.65%
Evo Fund
2026-03-09
11.68%→14.05%
Evo Fund
2026-03-05
14.05%→11.68%
AFC-HD AMS Life Science Co., Ltd.
2026-03-05
51.45%→57.96%
Annual report (as of 2026-02-28): 47.65%
Evo Fund
2026-03-03
14.05%
AFC-HD AMS Life Science Co., Ltd.
2026-02-20
51.45%→51.45%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-02-28): 47.65%
AFC-HD AMS Life Science Co., Ltd.
2026-02-19
51.45%→51.45%
Annual report (as of 2026-02-28): 47.65%
NOMURA SECURITIES CO., LTD.
2025-10-06
6.33%→4.45%
Annual report (as of 2026-02-28): 3.41%
Keikyu Corporation
2025-09-08
14.26%→0.00%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-15
Full-Year Earnings Flash
FY ending Aug 2026
TDnet
2026-07-15
Q3 Earnings Flash
FY ending Aug 2026
EDINETAmended
2026-06-11
Change Report
EDINET
2026-06-10
Large Shareholding Report
EDINET
2026-06-09
Large Shareholding Report
EDINET
2026-06-08
Large Shareholding Report
EDINET
2026-05-29
Large Shareholding Report
EDINET
2026-05-13
Large Shareholding Report
EDINET
2026-05-11
Large Shareholding Report
EDINET
2026-04-20
Large Shareholding Report
EDINET
2026-04-14
Semi-Annual Securities Report
Period: Sep 2025 – Aug 2026
EDINET
2026-04-10
Large Shareholding Report
EDINET
2026-03-26
Large Shareholding Report
EDINETAmended
2026-03-11
Change Report
EDINET
2026-03-09
Large Shareholding Report
EDINET
2026-03-05
Large Shareholding Report
EDINET
2026-03-05
Large Shareholding Report
EDINET
2026-03-03
Large Shareholding Report
EDINETAmended
2026-02-20
Change Report
EDINET
2026-02-19
Large Shareholding Report
EDINETAmended
2026-02-10
Amended Securities Registration Statement
EDINET
2026-02-06
Securities Registration Statement
TDnet
2026-01-14
Q1 Earnings Flash
FY ending Aug 2026
EDINET
2025-11-19
Annual Securities Report
Period: Sep 2024 – Aug 2025
TDnet
2025-10-27
株主総会招集通知
EDINET
2025-10-06
Large Shareholding Report
EDINET
2025-09-22
Large Shareholding Report
EDINET
2025-09-08
Large Shareholding Report
TDnet
2025-07-10
Q3 Earnings Flash
FY ending Aug 2025
EDINET
2025-04-14
Semi-Annual Securities Report
Period: Sep 2024 – Aug 2025
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