Overview
Marine Transportation

Kuribayashi Steamship Co.,Ltd.

Kuribayashi Steamship is a domestic coastal (inland) shipping company operating roll-on/roll-off (RoRo) vessel services connecting Hokkaido, Honshu, and other Japanese coastal routes, offering integrated sea-land transport solutions. The company also operates international scheduled and tramp shipping services in Southeast Asia, port logistics and trucking services through subsidiaries, as well as ancillary businesses including marine supplies, hotel operations in Noboribetsu (Hokkaido), real estate leasing, and produce wholesaling. Its competitive strengths lie in its century-long operating history, a modern fleet of wholly RoRo vessels, and a vertically integrated group covering ocean freight, port handling, and inland logistics.

Market Cap
¥16.8B
US$107M
EV
¥1.19B
US$7.60M
Stock¥1,417▲+0.43%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
0.2
x
LTM EV/EBIT
NM
LTM PER
5.3
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-51.7%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 7, 26Quarterly earnings announced
MC → EV Bridge
16.8BUS$107MMarket Cap17.8BUS$113M+ Debt12.3BUS$78.6M− Cash22.3BUS$142M− Inv. Sec.1.24BUS$7.92M+ NCI1.19BUS$7.60MEV
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Performance & Balance
Revenue 5Y (¥B)
45.3US$289M'22/349.9US$318M'23/348.9US$312M'24/353.1US$338M'25/353.8US$343M'26/3
EBITDA 5Y (¥B)
3.36US$21.4M'22/35.06US$32.3M'23/34.67US$29.8M'24/36.17US$39.4M'25/35.56US$35.5M'26/3
Net Income 5Y (¥B)
0.09US$0.57M'22/31.84US$11.7M'23/31.67US$10.7M'24/32.01US$12.8M'25/33.72US$23.8M'26/3
Capital Structure
65%
35%
EquityD/E 0.53xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
22.3US$142M21.2US$135M'22/322.6US$144M19.5US$124M'23/328.5US$181M18.5US$118M'24/332.7US$209M16.1US$103M'25/333.9US$216M15.6US$99.3M'26/3
Shareholders
Top 10 hold 57.9%
1
Kuribayashi Co., Ltd.
9.31%
2
Oji Holdings Corporation
6.71%
3
The Japan Steel Works,Ltd.
6.64%
4
Fusako KURIBAYASHI
6.30%
5
Nippon Paper Industries Co.,Ltd.
5.58%
6
Mitsuwa Unyu Co., Ltd.
5.27%
7
Kuribayashi Shokai Co., Ltd.
5.11%
8
Hideo KURIBAYASHI
4.74%
9
Sumitomo Mitsui Trust Bank, Limited
4.55%
10
Custody Bank of Japan, Ltd. (Trust Account E)
3.67%
Management
12 officers
Hirokichi KURIBAYASHI
Representative Director, President
Apr 1982 Joined the Company Jun 1985 Director, General Manager of Related Business Division, the Company Nov 1985 Representative Director, President, Seven Co., Ltd. Jun 1989 Managing Director, in charge of General Affairs and Accounting, General Manager of Related Business Division, the Company Oct 1990 Representative Director, Senior Managing Director, Assistant to the President, in charge of General Affairs and Accounting, General Manager of Related Business Division, the Company Jun 1992 Representative Director, Vice President, Assistant to the President, General Manager of Administration Division, General Manager of Related Business Division, the Company Jul 1993 Representative Director, Vice President, Assistant to the President, overall management, the Company Jun 1995 Representative Director, Vice President, K-Seven Co., Ltd. Jun 1995 Representative Director, President, the Company (current) Mar 1998 Representative Director, President, Yamato Unyu Co., Ltd. (current) Apr 2000 Representative Director, President, Kuribayashi Logistics System Co., Ltd. Jun 2003 Representative Director, President, Kuribayashi Unyu Co., Ltd. (current) May 2009 Representative Director, Kyoei Unyu Co., Ltd. Jun 2009 Representative Director, President, Kuribayashi Maritime Co., Ltd. (current) Jun 2009 Representative Director, Sanriku Unyu Co., Ltd. Jun 2017 Representative Director, Chairman, Seven Co., Ltd. (current) Jun 2018 Director, Chairman, Noboribetsu Grand Hotel Co., Ltd. (current) Sep 2020 Representative Director, Chairman, Kyoei Unyu Co., Ltd. Sep 2020 Representative Director, Chairman, Kita-Nihon Kaiun Co., Ltd. Jun 2021 Representative Director, Chairman, Sanriku Unyu Co., Ltd. (current) Apr 2022 Representative Director, Chairman, Seikan Ferry Co., Ltd. (current) Nov 2023 Representative Director, President, K-Seven Co., Ltd. (current) Apr 2025 Representative Director, President, Gate Ladder Design Center Co., Ltd. (current) Oct 2025 Representative Director, Chairman, Kuribayashi Logistics System Co., Ltd. (current)
1958-12-16
Hajime KUSUNOKI
Senior Managing Director, Assistant to the President, General Manager of Sales Headquarters
Oct 1979 Joined Nippon Express Co., Ltd. Oct 2010 General Manager, Oi International Transportation Branch, Nippon Express Co., Ltd. Apr 2016 General Manager, Shipping Business Division, Nippon Express Co., Ltd. May 2016 Seconded Director, Nihon Kaiun Co., Ltd. (on leave) May 2018 Managing Director, Nihon Kaiun Co., Ltd. Oct 2018 Joined the Company as Full-time Advisor Jun 2019 Managing Director, in charge of First Sales Department and Kushiro and Tomakomai Branches, the Company Jun 2021 Senior Managing Director, Assistant to the President, in charge of First and Second Sales Departments and Hokkaido Region, the Company Jul 2022 Senior Managing Director, Assistant to the President, General Manager of Sales Headquarters, the Company (current)
1958-04-22
Hirohisa INADA
Senior Managing Director, General Manager of Vessel Headquarters
Apr 1981 Joined Kurushima Dockyard Co., Ltd. (now Shin-Kurushima Dockyard Co., Ltd.) Feb 1988 Joined the Company, seconded to Tonan Shipping Co., Ltd. Apr 2000 Seconded to Kuribayashi Logistics System Co., Ltd. Jun 2008 Director, Kuribayashi Logistics System Co., Ltd. Jun 2009 Executive Officer, General Manager of Vessel Department, the Company, seconded to Kuribayashi Maritime Co., Ltd. Jun 2017 Director, General Manager of Vessel Department, the Company Jun 2021 Managing Director, General Manager of Vessel Department, the Company Jul 2022 Managing Director, General Manager of Vessel Headquarters, the Company Jun 2023 Senior Managing Director, General Manager of Vessel Headquarters, the Company (current)
1958-04-08
Hiroyuki KURIBAYASHI
Senior Managing Director, General Manager of Management Administration Headquarters
Apr 2013 Joined Asahi Breweries, Ltd. Oct 2015 Joined the Company Apr 2016 General Manager, Second Sales Department, the Company Jun 2017 Director, General Manager, Second Sales Department, the Company Jun 2017 Representative Director, President, Seven Co., Ltd. (current) Jun 2018 Director, General Manager, First Sales Department, the Company Oct 2020 Director, General Manager, First Sales Department and Management Planning Department, the Company Jun 2021 Managing Director, General Manager, First Sales Department and Second Sales Department, in charge of Management Planning Department, the Company Jul 2021 Representative Director, Kitachiseiki Co., Ltd. (current) Jul 2022 Managing Director, Deputy General Manager of Sales Headquarters, in charge of Management Planning and Human Resources Development Departments, the Company Jun 2023 Managing Director, General Manager of Management Administration Headquarters, the Company Jun 2025 Senior Managing Director, General Manager of Management Administration Headquarters, the Company (current) Jul 2025 Representative Director, Suzuki Shoten Co., Ltd. (current)
1990-10-26
Shinji MATSUI
Managing Director, Deputy General Manager of Management Administration Headquarters
Apr 1984 Joined Hokkaido-Tohoku Development Corporation (now Development Bank of Japan Inc.) Apr 2007 Deputy Manager, Public Solutions Department, Development Bank of Japan Inc. May 2009 Manager, Regional Exchange Department, Public Relations and Regional Exchange Office, Japan Nuclear Fuel Limited Jun 2011 Director, Development Promotion Department, Foundation for Regional Comprehensive Development Jun 2015 Director, General Manager of Accounting Department, Japan Sea LNG Co., Ltd. Jun 2020 Corporate Auditor, the Company; Corporate Auditor, Kuribayashi Unyu Co., Ltd. and Yachiyo Unyu Co., Ltd. Apr 2021 General Manager, Management Planning Department, the Company Jun 2021 Director, General Manager of Management Planning Department, the Company Jul 2021 Director, Kitachiseiki Co., Ltd. (current) Jun 2023 Director, Deputy General Manager of Management Administration Headquarters, General Manager of Management Planning Department, the Company Jun 2024 Director, Deputy General Manager of Management Administration Headquarters, the Company Jun 2025 Managing Director, Deputy General Manager of Management Administration Headquarters, the Company (current) Jul 2025 Director, Suzuki Shoten Co., Ltd. (current)
1961-11-18
Yoshiyuki KURIBAYASHI
Managing Director, Deputy General Manager of Sales Headquarters, General Manager of Second Sales Department
Apr 2017 Joined the Company, seconded to Nippon Yusen Kaisha (NYK Line) Jun 2022 Director, General Manager of Sales Department, Kuribayashi Logistics System Co., Ltd. Jul 2022 Deputy General Manager of Sales Headquarters, General Manager of Second Sales Department, the Company Jun 2023 Director, Deputy General Manager of Sales Headquarters, General Manager of Second Sales Department, the Company Jun 2025 Managing Director, Deputy General Manager of Sales Headquarters, General Manager of Second Sales Department, the Company (current) Oct 2025 Representative Director, President, Kuribayashi Logistics System Co., Ltd. (current)
1994-03-12
Satoshi KATO
Director, Deputy General Manager of Vessel Headquarters, General Manager of Vessel Department
Oct 1998 Joined the Company as Second Engineer Apr 2006 First Engineer, the Company Apr 2008 Left the Company, joined Kuribayashi Maritime Co., Ltd. as Chief Engineer Jul 2016 General Manager of Onshore Engineering Department, Kuribayashi Maritime Co., Ltd. Jun 2017 Director, General Manager of Vessel Department, Kuribayashi Maritime Co., Ltd. Jul 2019 Joined the Company as General Manager of Vessel Department, concurrently Director, Kuribayashi Maritime Co., Ltd. Jul 2022 General Manager of Vessel Department, Vessel Headquarters, the Company Oct 2024 Deputy General Manager of Vessel Headquarters, General Manager of Vessel Department, the Company Jun 2025 Director, Deputy General Manager of Vessel Headquarters, General Manager of Vessel Department, the Company (current)
1965-09-10
Shoichi KITAMURA
Director
Apr 1974 Joined Ministry of Transport (now Ministry of Land, Infrastructure, Transport and Tourism) Apr 2003 General Manager, Equipment and Technology Department, Japan Coast Guard Feb 2007 Executive Director, Japan Craft Inspection Organization May 2009 Senior Managing Director, Japan Marine Equipment Association Jun 2021 Director, the Company (current)
1951-01-14
Yoshiaki OTA
Director
Apr 1972 Joined Industrial Bank of Japan, Ltd. Feb 1994 Deputy General Manager, Inspection Department, Industrial Bank of Japan, Ltd. Feb 2005 General Manager, Management Audit Office, Bando Chemical Industries, Ltd. Apr 2010 Partner, Corporate Doctor Co., Ltd. (current) Nov 2017 Advisor, Daihatsu Motor Co., Ltd. (current) Jun 2023 Director, the Company (current)
1950-01-15
Norihito YOKOKAWA
Full-time Corporate Auditor
Apr 1990 Joined Hokkaido-Tohoku Development Corporation (now Development Bank of Japan Inc.) Jun 2009 Section Manager, Corporate Finance Department IV, Development Bank of Japan Inc. May 2011 Manager, Credit Examination Department, Development Bank of Japan Inc. May 2014 Senior Counselor, Facilities Investment Research Institute, Development Bank of Japan Inc. Jun 2015 Managing Director, Hokkaido-Tohoku Regional Economic Research Institute Jun 2018 General Manager, General Affairs Department, Kita-Nihon Seiki Co., Ltd. Jun 2020 Director, General Manager of General Affairs Department, Kita-Nihon Seiki Co., Ltd. May 2024 Corporate Auditor, Seikan Ferry Co., Ltd. (current) Jun 2024 Full-time Corporate Auditor, the Company (current); Corporate Auditor, Kuribayashi Unyu Co., Ltd., Sanriku Unyu Co., Ltd., Yamato Unyu Co., Ltd., Noboribetsu Grand Hotel Co., Ltd., and Kitachiseiki Co., Ltd. (current) Jul 2025 Corporate Auditor, Suzuki Shoten Co., Ltd. (current)
1967-05-04
Tetsu HIROWATARI
Corporate Auditor
Apr 1992 Registered with First Tokyo Bar Association, joined Ueno Takashi Law Office Apr 1999 Opened Hirowatari Law Office Jun 2006 Corporate Auditor, the Company (current) Jun 2024 Director, Audit and Supervisory Committee Member, Piolax, Inc. (current) Corporate Auditor, Chiba New Town Center Co., Ltd. (current)
1958-11-28
Yoshiyuki WADA
Corporate Auditor
Jun 1977 Joined Chuo Accounting Audit Corporation Jun 1988 Representative Partner, Chuo Accounting Audit Corporation Jul 2000 Head of Business Development, Chuo Accounting Audit Corporation May 2003 Director, Business Development, Chuo Accounting Audit Corporation Aug 2007 Joined Taiyo ASG Audit Corporation (now Taiyo LLC Audit Corporation) as Representative Partner Jun 2011 Substitute Corporate Auditor, the Company Jun 2015 Outside Director, Forval Telecom Inc. (current) Dec 2015 Outside Director, Career Design Center Co., Ltd. (current) Aug 2016 Head, Wada Accounting Office (current) Sep 2017 Outside Director, Zero Co., Ltd. (current) Apr 2021 Corporate Auditor, the Company (current) Jan 2022 Representative Director, KIC Co., Ltd. (current)
1951-03-02
Large Shareholding Reports
Nippon Paper Industries Co., Ltd.
2026-06-26
6.12%→3.21%
Annual report (as of 2026-03-31): 5.58%
Mitsui Sumitomo Insurance Company, Limited
2026-04-06
5.20%→3.03%
Tokio Marine & Nichido Fire Insurance Co., Ltd.
2026-04-03
5.20%→1.72%
Mitsuwa Unyu Co., Ltd.
2026-03-31
5.11%
Annual report (as of 2026-03-31): 5.27%
Mitsuwa Unyu Co., Ltd.
2026-03-31
2.61%
Annual report (as of 2026-03-31): 5.27%
Kuribayashi Shokai Co., Ltd.
2026-03-31
4.95%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 5.11%
Kuribayashi Shokai Co., Ltd.
2026-03-30
4.95%
Annual report (as of 2026-03-31): 5.11%
Mizuho Bank, Ltd.
2026-03-06
3.48%
Mitsui Sumitomo Insurance Company, Limited
2026-03-05
8.34%→5.20%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
EDINET
2026-06-26
Large Shareholding Report
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-04-06
Large Shareholding Report
EDINET
2026-04-03
Large Shareholding Report
EDINETAmended
2026-03-31
Change Report
EDINET
2026-03-31
Large Shareholding Report
EDINETAmended
2026-03-31
Change Report
EDINET
2026-03-30
Large Shareholding Report
EDINET
2026-03-06
Large Shareholding Report
EDINET
2026-03-05
Large Shareholding Report
TDnet
2026-02-06
Q3 Earnings Flash
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
EDINETAmended
2025-07-08
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
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
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2023-08-08
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
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
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
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