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Overview

Warehousing and Harbor Transportation Service

K.R.S.Corporation

Kewsoe Ryutsu System provides comprehensive logistics services primarily for the food industry, including warehousing, cargo handling (inbound/outbound), transportation, and information processing. The company operates two core segments: a joint logistics business offering nationwide shared cold-chain distribution under the 'Kewsoe-bin' network, and a dedicated logistics business managing logistics center operations for convenience store chains and other clients. The group also has international operations in China (warehousing and distribution in Shanghai) and Indonesia (cold storage, warehousing, and forwarding through the Kiat Ananda Group), with Kewpie Corporation as its principal related company and major customer.

Market Cap

¥76.6B

US$488M

¥132B

US$843M

Stock¥3,080▲+2.16%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

9.6

LTM EV/EBIT

21.3

LTM PER

31.9

LTM PBR

1.6

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-12.5%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Jan 15, 26Q3 earnings strong performance

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

46%

54%

EquityD/E 1.18xDebt

Liquidity vs Debt 5Y (¥B)▼ Net Debt

CashInv. Sec.Debt

Shareholders

Top 10 hold 74.3%

as of 2026-05-31 · Source: Annual Securities Report

Kewpie Corporation

43.29%

Nakajima Tosho Shoten Co., Ltd.

5.93%

Mitsubishi Logistics Corporation

5.10%

The Master Trust Bank of Japan, Ltd.

4.83%

MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)

4.05%

Custody Bank of Japan, Ltd.

3.14%

K.R.S.Corporation Stock Ownership Association

2.72%

Nomura Securities Co., Ltd.

2.26%

JPMorgan Securities Japan Co., Ltd.

2.04%

UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT (Standing Proxy: Citibank, N.A., Tokyo Branch)

0.97%

Management

14 officers

Jinichi TOMITA

Representative Director, President

Apr 1986: Joined Sanei Food Sales Co., Ltd. Dec 1990: Joined Kewpie Corporation Jul 2008: General Manager, Wide-Area CVS Sales Department, Kewpie Corporation Jul 2014: General Manager, Sales Department 1, Food Service Division, Kewpie Corporation Oct 2015: Deputy General Manager, Sales Division, Kewpie Tamago Co., Ltd. Feb 2017: Representative Director, President, Coop Foods Co., Ltd. Jan 2020: Representative Director, President, Kyuso L Plan Co., Ltd. Feb 2020: Director and Executive Officer of the Company; in charge of Joint Logistics Business Feb 2023: In charge of Related Businesses Feb 2024: Representative Director, President of the Company (current) Jan 2025: Representative Director, President, Kyuso Service Co., Ltd. (current)

1964-01-20

Eisaku INUZUKA

Director, Executive Officer; in charge of Dedicated Logistics Business and General Manager, Development Division

Apr 1986: Joined the Company Nov 2006: General Manager, Warehouse Business Division, the Company Jan 2010: Director, Kyuso Service Co., Ltd. (current) Apr 2011: General Manager, Facilities Management Department, the Company Dec 2013: Executive Officer of the Company (current) Feb 2015: General Manager, Development Division, the Company Feb 2021: Director of the Company (current); in charge of Dedicated Logistics Business (current); in charge of Group Development Feb 2024: In charge of Related Businesses; oversight of Development Division Feb 2026: General Manager, Development Division, the Company (current)

1963-01-09

Atsushi OKADA

Director, Executive Officer; in charge of Joint Logistics Business

Mar 1993: Joined the Company Oct 2009: Deputy General Manager, Kanto Division, the Company Aug 2010: General Manager, Musashino Division, the Company Dec 2012: General Manager, Sales Division, the Company Feb 2015: Executive Officer of the Company Feb 2016: General Manager, East Japan Branch, the Company Feb 2020: Deputy in charge of Dedicated Logistics Business, the Company Feb 2021: Senior Executive Officer of the Company; Deputy in charge of Joint Logistics Business and Deputy in charge of Dedicated Logistics Business Feb 2023: Deputy in charge of Joint Logistics Business, the Company Feb 2024: Director of the Company (current); Executive Officer (current); in charge of Joint Logistics Business (current) Sep 2024: General Manager, Operations Division, the Company

1968-08-15

Noriyuki TAKAYAMA

Director, Executive Officer; in charge of Related Businesses and General Manager, Overseas Promotion Office

Jun 1994: Joined the Company Oct 2003: General Manager, Transportation Department, the Company Aug 2007: General Manager, Musashino Division, the Company Aug 2010: General Manager, Business Management Department, the Company Dec 2012: Staff, Dedicated Logistics Business, the Company Feb 2014: General Manager, Corporate Planning Office, the Company Feb 2016: General Manager, Business Planning Department, General Planning and Promotion Office, the Company May 2017: General Manager, Overseas Promotion Department, the Company Feb 2022: Vice President, PT Kiat Ananda Cold Storage, PT Ananda Solusindo, PT Manggala Kiat Ananda, and PT Trans Kontainer Solusindo Feb 2023: Executive Officer of the Company (current); General Manager, Overseas Promotion Office, the Company (current) Apr 2023: Representative Commissaris, PT Kiat Ananda Cold Storage, PT Ananda Solusindo, PT Manggala Kiat Ananda, and PT Trans Kontainer Solusindo (current) Feb 2025: Director of the Company (current); in charge of Related Businesses (current) Mar 2025: Chairman, Shanghai Qiushou Warehousing & Transportation Co., Ltd. (current)

1967-07-19

Kosuke YAMAMOTO

Director, Executive Officer; in charge of Administration and General Manager, Human Resources Division

Apr 1994: Joined the Company Apr 2003: General Manager, Chugoku-Shikoku Block Division, the Company Oct 2006: General Manager, Nagoya First Division, the Company Sep 2007: General Manager, Nagoya Second Division, the Company Oct 2008: General Manager, Labor Affairs Department, the Company Mar 2013: General Manager, Shanghai Qiushou Warehousing & Transportation Co., Ltd. Feb 2015: General Manager, Human Resources Department, the Company Mar 2015: Chairman, Shanghai Qiushou Warehousing & Transportation Co., Ltd. May 2017: General Manager, Corporate Planning Department, the Company; Chairman, Shanghai Qiushou Warehousing & Transportation Co., Ltd. Dec 2018: Chairman and General Manager, Shanghai Qiushou Warehousing & Transportation Co., Ltd. Jan 2020: Representative Director, Food Quality Logistics Co., Ltd. Feb 2020: General Manager, Management Promotion Division, the Company Mar 2020: Chairman, Shanghai Qiushou Warehousing & Transportation Co., Ltd. Feb 2021: Executive Officer of the Company (current) Feb 2025: Director of the Company (current); in charge of Administration (current); General Manager, Human Resources Division (current)

1971-02-20

Kensaku SUGIMOTO

Standing Audit & Supervisory Board Member

Mar 2003: Joined the Company Oct 2004: General Manager, President's Office, the Company Oct 2008: General Manager, Corporate Planning Office, the Company Dec 2008: Executive Officer of the Company Mar 2010: Special Assignment Officer to the President, the Company Feb 2011: Block Chief, Kansai Block, the Company Dec 2012: General Manager, Internal Audit Office, the Company Feb 2023: Standing Audit & Supervisory Board Member of the Company (current)

1964-02-11

Motoki TANAKA

Director

Apr 1999: Joined Kewpie Corporation Oct 2020: General Manager, Group Production Strategy Promotion Department, Production Division, Kewpie Corporation Feb 2023: General Manager, Corporate Planning Department, Management Promotion Division, Kewpie Corporation Feb 2024: Deputy General Manager, Management Promotion Division, Kewpie Corporation Feb 2025: Executive Officer, Kewpie Corporation (current); General Manager, Management Promotion Division, Kewpie Corporation (current) Feb 2026: Director of the Company (current)

1974-01-28

Yoshihiro KAWAMATA

Director

Oct 1989: Joined RC Core Co., Ltd. Mar 1999: Head of Sales, RC Core Co., Ltd. Jun 2000: Director, RC Core Co., Ltd. Oct 2002: Head of Marketing Planning and BESS Division, RC Core Co., Ltd. Aug 2004: Head of Corporate Planning, RC Core Co., Ltd. Apr 2007: Managing Director, RC Core Co., Ltd. Jan 2008: Head of Management Administration, RC Core Co., Ltd. Jun 2010: President, Big Foot Manufacturing, Inc. Apr 2011: Representative Director and President, BESS Partners Co., Ltd. Jul 2011: President, CNW Log Homes of America, Inc. Oct 2014: Representative Director, Visionary Board Co., Ltd. (current) Feb 2022: Director of the Company (current)

1960-09-13

Hirokazu KONISHI

Director

Apr 1983: Joined Nihon Unisys, Ltd. (now BIPROGY Inc.) Apr 2002: General Manager, Public Sales Department, Chubu Branch, Nihon Unisys, Ltd. (now BIPROGY Inc.) Apr 2010: General Manager, Energy Business Division, Nihon Unisys, Ltd. Apr 2012: Executive Officer, Nihon Unisys, Ltd. Apr 2017: Managing Executive Officer, Unit Head 3, Nihon Unisys, Ltd. Apr 2018: Managing Executive Officer, Head of Business Innovation Division, Nihon Unisys, Ltd. Feb 2023: Audit & Supervisory Board Member of the Company Feb 2026: Director of the Company (current)

1959-10-21

Kunihiko INABASHI

Director

Apr 1983: Joined Saitama Co-op (now Co-op Mirai) Jan 2000: General Manager, Home Delivery Department, Saitama Co-op (now Co-op Mirai) Jun 2005: Managing Director, Saitama Co-op (now Co-op Mirai) Jun 2007: Executive Officer, General Manager, Home Delivery Business Division, Coop Deli Consumers' Co-operative Union Jan 2015: Managing Executive Officer, Japan Consumers' Co-operative Union; Director, CX Cargo Co., Ltd. Jun 2016: Representative Director, Chikyu Club Co., Ltd. Jun 2019: Representative Director, Coop Clean Co., Ltd. Feb 2026: Director of the Company (current)

1961-03-08

Akihiro KOJIMOTO

Standing Audit & Supervisory Board Member

Apr 1991: Joined Kewpie Corporation Aug 2009: Southeast Asia R&D, Overseas Business Division 2, Kewpie Corporation Feb 2010: Seconded to KEWPIE (THAILAND) CO., LTD. Oct 2012: Chief Researcher, Research Promotion Department, R&D Division, Kewpie Corporation Sep 2014: General Manager, Research Promotion Department, R&D Division, Kewpie Corporation Jul 2018: General Manager, Food Creation Research Institute, R&D Division, Kewpie Corporation Jul 2024: General Manager, Future Creation Research Institute, R&D Division, Kewpie Corporation Feb 2026: Standing Audit & Supervisory Board Member of the Company (current)

1967-07-21

Takako OCHI

Audit & Supervisory Board Member

Oct 1992: Joined Eiwa Audit Corporation (now Deloitte Touche Tohmatsu LLC Azsa) Oct 1996: Joined Deloitte Touche Tohmatsu (now Deloitte Touche Tohmatsu LLC) Apr 1997: Joined Chuo Coopers & Lybrand Advisors Co., Ltd. Apr 2001: Joined Magukuritsuku Co., Ltd. Apr 2002: Established Ochi CPA Office (current) Oct 2012: Established Takako Ochi Tax Accountant Office (current) Dec 2018: Joined Daiyu Audit Corporation Feb 2020: Partner, Daiyu Audit Corporation Jun 2023: Outside Audit & Supervisory Board Member, J Trust Global Securities Co., Ltd. (current) Aug 2023: Joined SCS Audit Corporation Feb 2024: Audit & Supervisory Board Member of the Company (current) Jan 2025: Director (Audit and Supervisory Committee Member), Tomoe Engineering Co., Ltd. (current)

1969-07-13

Tomoko KATO

Audit & Supervisory Board Member

Oct 2001: Registered as attorney; joined a Tokyo law office Apr 2004: Joined Hasegawa Toshiaki Law Office Jul 2006: Joined Kitahama Partners (Law Corporation) Sep 2006: Seconded to the Economic Treaties Division, International Legal Affairs Bureau, Ministry of Foreign Affairs (Deputy Director) Nov 2010: Seconded to Fujitsu Semiconductor Ltd. (General Manager, Legal Affairs from Mar 2015) Aug 2020: Joined Mitsui Fudosan Co., Ltd. Nov 2023: Joined Hayabusacho Law Office (current) Dec 2023: Director (Audit and Supervisory Committee Member), Strike Co., Ltd. (current) May 2024: Director, Zeikenjoho Center Co., Ltd. (current) Feb 2025: Audit & Supervisory Board Member of the Company (current)

1971-03-16

Junko ASAI

Audit & Supervisory Board Member

Apr 1998: Joined Chuo Audit Corporation Aug 2007: Joined Shin Nihon & Co. (now EY Shin Nihon LLC) Oct 2016: Representative, Asai Certified Public Accountant Office (current) Sep 2023: Audit & Supervisory Board Member, Awa Value Co., Ltd. (current) Sep 2025: Representative, Junko Asai Tax Accountant Office (current) Feb 2026: Audit & Supervisory Board Member of the Company (current)

1974-06-07

Large Shareholding Reports

No filings

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-09-30

Q3 Earnings Flash

FY ending Nov 2026

K.R.S.Corporation

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