Overview
Marine Transportation

Meiji Shipping Group Co.,Ltd.

Meikai Group Co., Ltd. is a diversified holding company centered on ocean shipping, operating tankers, car carriers, and bulk carriers through domestic and overseas vessel-owning companies primarily engaged in bareboat and time charter arrangements. The Group also owns and operates hotels and golf courses across Japan, and conducts real estate leasing primarily through office building rentals. Mitsui O.S.K. Lines group has historically been a key affiliate partner in the shipping segment.

Market Cap
¥34.2B
US$218M
EV
¥141B
US$897M
Stock¥1,004▼-0.99%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
7.7
x
LTM EV/EBIT
36.6
x
LTM PER
14.8
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+18.7%pt
100123
Oct 23, 25 – Oct 23, 26StockTOPIX
1Oct 27, 25Strong Q2 earnings results
2Oct 31, 25Interim dividend cut announcement
3Jul 29, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
34.2BUS$218MMarket Cap154BUS$978M+ Debt52.7BUS$336M− Cash38.7BUS$247M− Inv. Sec.44.6BUS$284M+ NCI141BUS$897MEV
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Performance & Balance
Revenue 5Y (¥B)
45.8US$292M'22/358.1US$370M'23/365.0US$414M'24/367.5US$430M'25/361.3US$390M'26/3
EBITDA 5Y (¥B)
19.5US$124M'22/325.4US$162M'23/328.7US$183M'24/327.9US$178M'25/319.3US$123M'26/3
Net Income 5Y (¥B)
3.28US$20.9M'22/36.44US$41.0M'23/35.19US$33.0M'24/32.81US$17.9M'25/34.31US$27.5M'26/3
Capital Structure
27%
73%
EquityD/E 2.77xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
32.6US$208M173US$1.10B'22/339.0US$249M181US$1.15B'23/353.3US$340M167US$1.06B'24/374.9US$477M166US$1.05B'25/390.3US$575M156US$995M'26/3
Shareholders
Top 10 hold 45.4%
1
Meiji Tochi Tatemono Co., Ltd.
8.30%
2
Kyomachi Sangyo Co., Ltd.
6.20%
3
Medica Support Co., Ltd.
5.10%
4
Sumitomo Mitsui Banking Corporation
4.90%
5
Tacti Co., Ltd.
4.70%
6
Monex Marine Enterprise Co., Ltd.
4.40%
7
Meikai Kosan Co., Ltd.
3.10%
8
Pack Trading Co., Ltd.
3.00%
9
YAMAKIN(JAPAN) Co.,Ltd.
2.90%
10
CRK Co., Ltd.
2.80%
Management
13 officers
Kazuya UCHIDA
Director, Chairman
Apr 1968: Joined Mitsui Engineering & Shipbuilding Co., Ltd. Dec 1982: Resigned from Mitsui Engineering & Shipbuilding Co., Ltd. Jan 1983: Joined the Company Jul 1984: General Manager, Planning Department, the Company Jun 1985: Director, the Company Jun 1986: Managing Director, the Company Jun 1987: Representative Director, Senior Managing Director, the Company Jun 1991: Representative Director, Executive Vice President, the Company Jun 1992: Representative Director, President, the Company Apr 2014: Representative Director, President, CEO, the Company Jun 2021: Representative Director, Chairman, CEO, the Company Jun 2023: Representative Director, Chairman, the Company Jun 2026: Director, Chairman, the Company (current)
1945-11-05
Takaya UCHIDA
Representative Director, President, CEO
Oct 2008: Joined the Company Oct 2008: General Manager, Corporate Planning Group, the Company Jun 2009: Director, the Company Jun 2010: Director, Managing Executive Officer, the Company Apr 2011: Managing Director, the Company Jun 2013: Representative Director, Senior Managing Director, the Company Apr 2014: Representative Director, Senior Managing Director, COO, the Company Jun 2020: Representative Director, Executive Vice President, COO, the Company Jun 2021: Representative Director, President, COO, the Company Jun 2023: Representative Director, President, CEO (Chief Executive Officer), in charge of compliance, the Company (current)
1975-10-22
Hirotaka SASAHARA
Representative Director, Senior Managing Director
Aug 1996: Joined the Company Jul 2008: General Manager, General Affairs Group, the Company Apr 2011: Managing Executive Officer, the Company Jun 2015: Director, Managing Executive Officer, the Company Jun 2021: Managing Director, the Company Jun 2022: Senior Managing Director, the Company Jun 2024: Outside Corporate Auditor, Hokkaido Chuo Bus Co., Ltd. (current) Jun 2024: Representative Director, Senior Managing Director, the Company (current)
1969-10-02
Hitoshi FUJIKAWA
Representative Director, Senior Managing Director
Feb 1997: Joined the Company Oct 2004: General Manager, General Affairs Group, the Company Apr 2006: Officer, the Company Jun 2008: Executive Officer, the Company Jun 2018: Director, Managing Executive Officer, the Company Jun 2018: Representative Director, President, M.M.S. Co., Ltd. Jun 2021: Managing Director, the Company Jun 2022: Senior Managing Director, the Company Jun 2023: President, Tomei Kisen Co., Ltd. (now Meiji Kaiun Co., Ltd.) (current) Jun 2025: Representative Director, Senior Managing Director, the Company (current)
1965-12-29
Ryusuke YOSHIGAE
Director, Executive Officer
Nov 1997: Joined the Company Jul 2017: Managing Director, NEOM Maritime (Singapore) Pte. Ltd. (now MMS Bulk Shipmanagement (Singapore) Pte. Ltd.) Apr 2019: Executive Officer, the Company Jun 2021: Director, Executive Officer, the Company (current) Jun 2023: Representative Director, President, M.M.S. Co., Ltd. (current)
1973-06-12
Ayuko TAKAHASHI
Director, Executive Officer
Apr 1991: Joined the Company Jul 2011: General Manager, Accounting Group, the Company Jul 2016: General Manager, Corporate Planning Group, the Company Apr 2020: Officer, the Company Jun 2023: Executive Officer, the Company Jun 2024: Director, Executive Officer, the Company (current)
1971-03-17
Susumu OSADA
Director, Executive Officer
Apr 1992: Joined Lagna Garden Hotel Co., Ltd. Jun 2011: General Manager, Lagna Garden Hotel Co., Ltd.; Director, Lagna Garden Hotel Co., Ltd. (current) Apr 2018: Executive Officer, the Company Jun 2025: Director, Executive Officer, the Company (current)
1965-07-24
Seiichi TANAKA
Director
Oct 2008: Representative Director, Senior Managing Executive Officer, Mitsui & Co., Ltd. Apr 2010: Representative Director, Executive Vice President, Executive Officer, Mitsui & Co., Ltd. Jun 2014: Advisor, Mitsui & Co., Ltd. Jun 2016: Outside Director, Kawasaki Kisen Kaisha, Ltd. ("K" Line) Jun 2017: Chairman, Japan Ship Technology Research Association (current) Jun 2020: Audit & Supervisory Board Member, the Company Jun 2024: Director, the Company (current)
1953-01-12
Tomoko SUGAYA
Director
Apr 2015: Executive Officer, All Nippon Airways Co., Ltd. Apr 2017: Senior Executive Officer, All Nippon Airways Co., Ltd. Apr 2022: Representative Director, President, ANA Akindo Co., Ltd. Jun 2022: Outside Director, Toho Acetylene Co., Ltd. Apr 2023: Director, Chairman, ANA Akindo Co., Ltd. Jun 2024: Director, the Company (current) Jun 2024: Outside Director, Hokkaido Railway Company (current) Apr 2025: Advisor, ANA Akindo Co., Ltd. (current) Jun 2025: Outside Director, Persol Holdings Co., Ltd. (current)
1961-09-30
Toshiro MIZUNO
Full-time Audit & Supervisory Board Member
Aug 2003: Joined the Company Aug 2003: Deputy General Manager, General Affairs Department, the Company Oct 2004: General Manager, Accounting Group, the Company Apr 2007: Officer, the Company Jun 2008: Executive Officer, the Company Jun 2011: Director, Executive Officer, the Company Apr 2015: Director, Managing Executive Officer, the Company Jun 2022: Managing Director, the Company Jun 2024: Audit & Supervisory Board Member, the Company (current)
1958-11-03
Katsuhiro ENDO
Audit & Supervisory Board Member
Apr 1978: Joined Tokyo National Tax Bureau Jul 2003: Professor, Research Department, National Tax College Jul 2006: Senior International Tax Specialist, Investigation Division I, Tokyo National Tax Bureau Aug 2008: Representative, Katsuhiro Endo Tax Accountant Office (current) Jun 2010: Outside Audit & Supervisory Board Member, Roland DG Corporation Nov 2011: Outside Audit & Supervisory Board Member, Chiyoda Integre Co., Ltd. Apr 2015: Visiting Professor, Aoyama Gakuin University Graduate School Jun 2015: Audit & Supervisory Board Member, the Company (current) Mar 2016: Outside Director, Roland DG Corporation
1955-01-18
Hajime TSUJI
Audit & Supervisory Board Member
Apr 2005: Full-time Audit & Supervisory Board Member, Mizuho Corporate Bank, Ltd. Apr 2006: Officer, Mizuho Corporate Bank, Ltd. Apr 2006: Advisor, Mizuho Securities Co., Ltd. Jan 2007: President, Anchor Ship Investment Co., Ltd. Apr 2019: Representative Director (part-time), Yusen Cruise Co., Ltd. Jun 2019: Representative Director, Chairman, Anchor Ship Partners Co., Ltd. Jun 2020: Director (part-time), Yusen Cruise Co., Ltd. Jun 2022: Advisor, Anchor Ship Partners Co., Ltd. (current) Jun 2024: Audit & Supervisory Board Member, the Company (current)
1953-07-09
Tomoko KANEGASHIRA
Audit & Supervisory Board Member
Jul 2014: Professor, Comprehensive Education Department, National Tax College Jul 2017: Supervisory National Tax Investigator, Investigation Division III, Tokyo National Tax Bureau Jul 2018: Head, Nakanojo Tax Office Jul 2021: Head, Kawasaki Minami Tax Office Nov 2023: Part-time Director, Kawasaki Shinkin Bank (current) Jun 2024: Audit & Supervisory Board Member, the Company (current)
1961-05-22
Large Shareholding Reports
Zenner Asset Management LLP
2026-08-31
5.05%→6.20%
Zennor Asset Management LLP
2026-04-13
5.05%
Kyomachi Sangyo Co., Ltd.
2025-11-26
—
Annual report (as of 2026-03-31): 6.20%
Meiji Tochi Tatemono Co., Ltd.
2025-11-26
—
Annual report (as of 2026-03-31): 8.30%
Meikai Kosan Co., Ltd.
2025-11-26
—
Annual report (as of 2026-03-31): 3.10%
Meiji Tochi Tatemono Co., Ltd.
2025-11-26
—
Annual report (as of 2026-03-31): 8.30%
Meiji Tochi Tatemono Co., Ltd.
2025-11-26
8.33%→8.33%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 8.30%
Yadoya Co., Ltd.
2025-11-26
—
Meiji Tochi Tatemono Co., Ltd.
2025-11-25
8.33%→8.33%
Annual report (as of 2026-03-31): 8.30%
Meiji Tochi Tatemono Co., Ltd.
2025-10-01
8.33%→8.33%
Annual report (as of 2026-03-31): 8.30%
Meiji Tochi Tatemono Co., Ltd.
2025-08-14
8.33%→8.33%
Annual report (as of 2026-03-31): 8.30%
Safield Care Co., Ltd.
2025-07-31
—
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-31
Large Shareholding Report
TDnet
2026-07-29
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-04-13
Large Shareholding Report
TDnet
2026-01-29
Q3 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-11-26
Change Report
EDINETAmended
2025-11-26
Change Report
EDINETAmended
2025-11-26
Change Report
EDINETAmended
2025-11-26
Change Report
EDINETAmended
2025-11-26
Change Report
EDINETAmended
2025-11-26
Change Report
EDINET
2025-11-25
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-01
Large Shareholding Report
EDINET
2025-08-14
Large Shareholding Report
EDINETAmended
2025-07-31
Change Report
TDnet
2025-07-30
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
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
EDINETAmended
2023-02-22
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
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