Overview
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AB&Company Co.,Ltd.

AB&Company is a pure holding company that operates and franchises the 'Agu.' hair salon chain across Japan, with total group locations exceeding 1,100 stores as of October 2025. The group's business model centers on a freelance stylist (gyomu itaku) staffing model, an internally-grown franchise owner system, and cost-efficient store formats (suburban single-story and upper-floor urban locations) to enable rapid store profitability. Subsidiary operations span direct salon management, franchise headquarters services (training, marketing, procurement), and in-house interior design for new salon fit-outs.

Market Cap
¥21.7B
US$139M
EV
¥34.9B
US$223M
Stock¥1,526▲+0.00%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.0
x
LTM EV/EBIT
17.0
x
LTM PER
19.0
x
LTM PBR
2.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-5.3%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Sep 15, 26Q3 FY2026/10 earnings announced
MC → EV Bridge
21.7BUS$139MMarket Cap15.6BUS$99.7M+ Debt2.47BUS$15.7M− Cash0.00BUS$0.00M− Inv. Sec.34.9BUS$223MEV
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Performance & Balance
Revenue 5Y (¥B)
10.9US$69.6M'21/1012.6US$80.3M'22/1016.8US$107M'23/1018.2US$116M'24/1019.4US$124M'25/10
EBITDA 5Y (¥B)
2.81US$17.9M'21/102.93US$18.7M'22/103.81US$24.3M'23/103.95US$25.2M'24/103.96US$25.3M'25/10
Net Income 5Y (¥B)
0.94US$6.00M'21/100.83US$5.29M'22/101.11US$7.07M'23/101.08US$6.86M'24/100.89US$5.70M'25/10
Capital Structure
36%
64%
EquityD/E 1.76xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.39US$8.89M8.66US$55.2M'21/101.94US$12.4M9.20US$58.7M'22/102.33US$14.8M9.74US$62.1M'23/102.24US$14.3M12.0US$76.7M'24/102.26US$14.4M13.5US$85.9M'25/10
Shareholders
Top 10 hold 37.8%
1
SunFlower Co., Ltd.
7.24%
2
Logotype Co., Ltd.
7.24%
3
Yusuke TANNAI
7.18%
4
Kazuhiro ICHINOSE
3.48%
5
MCC Co., Ltd.
3.45%
6
I.M.C Co., Ltd.
3.10%
7
Rakuten Securities, Inc. (Joint Account)
2.59%
8
Kz Group Co., Ltd.
1.78%
9
SBI SECURITIES Co., Ltd.
1.08%
10
BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCTS M ILM FE (Standing Proxy: MUFG Bank, Ltd.)
0.68%
Management
7 officers
Kazuhiro ICHINOSE
Representative Director, President
Apr 2003 Joined hair salon asia AOYAMA Feb 2009 Established Alice hair salon Jan 2011 Representative Director, President, Loyness Co., Ltd. Dec 2011 Representative Director, President, B-first Co., Ltd. Nov 2018 Representative Director, President, the Company (current)
1981-02-02
Michihiro KOMADA
Director, CFO
Apr 2013 Joined Mitsui & Co., Ltd. Sep 2017 Joined Deloitte Tohmatsu Financial Advisory (DTFA) LLC Jul 2018 Joined United & Collective Inc. Jan 2020 Joined the Company Jan 2022 Executive Officer, the Company (current) Jan 2022 Director, B-first Co., Ltd. (current) Jan 2022 Director, Loyness Co., Ltd. (current) Jan 2022 Director, Puzzle Co., Ltd. (current) Jan 2022 Director, agir Co., Ltd. (current) Jan 2022 Director, Ken.LABO Co., Ltd. (current) Aug 2022 Director, BELLTREE Co., Ltd. (current) Aug 2022 Director, KESHIKI Co., Ltd. (current) Oct 2022 General Manager, Corporate Planning Department, the Company (current) Apr 2023 President, J ISLAND Inc. (current) Jan 2024 Director, CFO, the Company (current) Jun 2025 Director, est Co., Ltd. (current) Aug 2025 Director, Arose Co., Ltd. (current) Sep 2025 Representative Director, President, SENSE Co., Ltd. (current)
1989-06-03
Shingo IWATA
Director (Note 1)
Apr 2004 Joined Mitsubishi Corporation Mar 2006 Joined Boston Consulting Group Sep 2009 Representative Director, Mitsuboshi Co., Ltd. (merged into Sansei Keito Co., Ltd. in Dec 2021) Mar 2010 Representative Director, Sansei Senshoku Co., Ltd. (current) Mar 2010 Representative Director, Uranos Co., Ltd. (current) Mar 2010 Representative Director, Sansei Keito Co., Ltd. (current) Jun 2011 Director, Aston Co., Ltd. (merged into Sansei Chemical Co., Ltd. in Dec 2021) Oct 2015 Representative Director, Sansei Chemical Co., Ltd. (current) Oct 2015 Representative Director, Regulus Co., Ltd. (current) Jun 2016 Director, Certified NPO Homedoor (current) Mar 2020 Outside Director, the Company (current) Apr 2024 Representative Director, MAZE Co., Ltd. (current)
1981-08-07
Naoya INOUE
Director (Note 1)
Apr 1987 Joined Itochu Corporation Apr 2003 Representative Director, President, Magaseek Co., Ltd. Mar 2024 Director, President, Magaseek Co., Ltd. Jan 2025 Outside Director, the Company (current)
1965-02-18
Mari KAWAMURA
Full-time Statutory Auditor
Apr 1988 Joined Nippon Godo Finance Co., Ltd. (now JAFCO Group Co., Ltd.) Oct 1991 Joined Ota Showa & Co. Audit Corporation (now EY ShinNihon LLC) Feb 1999 Joined State Street Australia Ltd. Nov 1999 Joined Dresdner Kleinwort Benson Services Inc. Sep 2000 Joined PwC Advisory Co., Ltd. (now PwC Advisory LLC) Dec 2005 Corporate Consulting Department Manager, Finance Division, Nihon McDonald's Co., Ltd. Jan 2006 Representative, Kawamura Certified Public Accountant Office (current) Apr 2010 Budget Management Department Manager, Finance Division, Nihon McDonald's Co., Ltd. Jun 2012 Franchise Finance Department Manager, Finance Division, Nihon McDonald's Co., Ltd. Jun 2014 Finance and Tax Department Manager, Finance Division, Nihon McDonald's Co., Ltd. Jul 2016 Accounting and Finance Department Manager, Administration Division, TASAKI Inc. Oct 2019 Group Finance Department Manager, Group Finance Division, Persol Holdings Co., Ltd. Jan 2022 Statutory Auditor, the Company (current)
1964-09-21
Kaoru MIWA
Statutory Auditor (Note 2)
Oct 2003 Registered as attorney-at-law Apr 2006 Startup Support Consultant, Startup and New Business Development Support Center, Independent Administrative Institution Human Resources Development Polytechnic Feb 2010 Assigned to Criminal Defense Training Office, Legal Training and Research Institute, Supreme Court Jan 2011 Joined Foresight Law Office Apr 2016 Councilor, Tokyo Bar Association May 2018 Member, Specified Certified Regenerative Medicine Committee, General Incorporated Association Regenerative Medicine Promotion Association (current) Sep 2019 Outside Statutory Auditor, the Company (current) Apr 2021 Partner Attorney, Foresight Law Office (current) Jun 2023 Outside Director, Tokyo Tekko Co., Ltd. (current) Apr 2024 Councilor, Tokyo Bar Association Apr 2025 Civil Defense Training Instructor, Legal Training and Research Institute, Supreme Court (current)
1971-12-11
Osamu KOBAYASHI
Statutory Auditor (Note 2)
Apr 2016 Manager, Group Management Strategy Department, Styling Life Holdings Inc. Aug 2019 Manager, Consulting Business Division, Square One Inc. Sep 2020 Director, Square One Inc. Sep 2020 Representative Director, AutoMagic Inc. (formerly Bennet Inc.) Jan 2022 Senior Managing Director, AutoMagic Inc. (formerly Bennet Inc.) Jan 2022 Head, Kobayashi Certified Public Accountant Office (current) Jan 2022 Representative Partner, Kobayashi Social Insurance Labor Consultant Corporation (current) Jan 2025 Outside Statutory Auditor, the Company (current) Nov 2025 Representative Partner, Kobayashi & Washio Certified Tax Accountants Corporation (current)
1973-05-31
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-06-12
Semi-Annual Securities Report
Period: Nov 2025 – Oct 2026
TDnet
2026-03-17
Q1 Earnings Flash
FY ending Oct 2026
EDINET
2026-01-27
Annual Securities Report
Period: Nov 2024 – Oct 2025
TDnet
2025-09-12
Q3 Earnings Flash
FY ending Oct 2025
EDINET
2025-06-13
Semi-Annual Securities Report
Period: Nov 2024 – Apr 2025
TDnet
2025-03-14
Q1 Earnings Flash
FY ending Oct 2025
EDINET
2025-01-30
Annual Securities Report
Period: Nov 2023 – Oct 2024
EDINET
2024-06-14
Quarterly Securities Report
Period: Feb 2024 – Apr 2024
EDINET
2024-03-15
Quarterly Securities Report
Period: Nov 2023 – Jan 2024
EDINET
2024-01-26
Annual Securities Report
Period: Nov 2022 – Oct 2023
EDINET
2023-09-14
Quarterly Securities Report
Period: May 2023 – Jul 2023
EDINET
2023-06-14
Quarterly Securities Report
Period: Feb 2023 – Apr 2023
EDINET
2023-03-17
Quarterly Securities Report
Period: Nov 2022 – Jan 2023
EDINET
2023-01-27
Annual Securities Report
Period: Nov 2021 – Oct 2022
EDINET
2022-09-14
Quarterly Securities Report
EDINET
2022-06-14
Quarterly Securities Report
EDINET
2022-03-16
Quarterly Securities Report
EDINET
2022-01-28
Annual Securities Report
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