Overview
Chemicals

SHOEI CORPORATION

SHOEI Corporation is a diversified packaging and marketing services company originally founded as a film packaging manufacturer. The company operates across two core segments: Sales Promotion Support (offering end-to-end services from product planning and packaging manufacturing to direct mail fulfillment and logistics) and Product Sales (planning and supplying daily consumer goods and sundries to 100-yen shops, drugstores, and retail chains). Additionally, the company provides cosmetics OEM manufacturing and filling services through its subsidiary Fine Chemetix Co., Ltd., leveraging long-standing technical expertise to serve a broad range of B2B and B2C customers.

Market Cap
¥5.49B
US$35.0M
EV
¥7.06B
US$45.0M
Stock¥711▼-0.14%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.6
x
LTM EV/EBIT
5.5
x
LTM PER
5.9
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+1.3%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
5.49BUS$35.0MMarket Cap3.77BUS$24.0M+ Debt1.52BUS$9.70M− Cash0.68BUS$4.36M− Inv. Sec.7.06BUS$45.0MEV
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Performance & Balance
Revenue 5Y (¥B)
19.3US$123M'22/320.7US$132M'23/319.4US$124M'24/319.0US$121M'25/319.0US$121M'26/3
EBITDA 5Y (¥B)
0.51US$3.23M'22/30.47US$3.03M'23/31.02US$6.50M'24/30.93US$5.96M'25/31.57US$10.0M'26/3
Net Income 5Y (¥B)
0.09US$0.57M'22/3-1.62-US$10.3M'23/31.01US$6.44M'24/30.47US$2.98M'25/30.85US$5.44M'26/3
Capital Structure
58%
42%
EquityD/E 0.73xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.29US$8.25M5.50US$35.1M'22/31.70US$10.9M5.50US$35.1M'23/31.39US$8.84M3.43US$21.9M'24/31.69US$10.8M3.95US$25.2M'25/31.77US$11.3M3.36US$21.4M'26/3
Shareholders
Top 10 hold 36.2%
1
Eiji SHIBAHARA
24.69%
2
SHOEI CORPORATION Employee Stock Ownership Association
3.21%
3
Hiroyuki YOSHIOKA
2.23%
4
Hitoshi KENMOCHI
1.38%
5
Yoshifumi ARIMURA
1.01%
6
Kyoei Co., Ltd.
0.99%
7
Shigeko YAMASHITA
0.78%
8
Hidehito FUJIWARA
0.67%
9
Ozax Co., Ltd.
0.64%
10
Katsuhiko SHOGAKI
0.64%
Management
10 officers
Eiji SHIBAHARA
Representative Director, President
Apr 1973 Joined the Company Apr 1982 Managing Director Apr 1988 Representative Director, President Jun 2017 Representative Director, President and CEO, Representative Executive Officer Aug 2021 Representative Director, President and Representative Executive Officer (current)
1948-12-06
Hiroyasu KAWAKAMI
Director, Executive Officer in charge of Sales Division
Apr 1981 Joined Itochu Corporation Apr 2011 CEO and President, Itochu Korea Corporation Apr 2014 Managing Executive Officer, CI Kasei Co., Ltd. Apr 2015 Director, Managing Executive Officer, CI Kasei Co., Ltd. Apr 2017 Director, Managing Executive Officer, Takiron CI Co., Ltd. Apr 2020 CEO and President, Bonset America Corporation; Executive Officer, Takiron CI Group May 2022 Joined the Company as Advisor, in charge of Sales Division Jun 2022 Director, Executive Officer in charge of Sales Division (current)
1958-08-15
Hirofumi TANAKA
Director, Executive Officer in charge of Sales Promotion Support Business, Sales Division
Apr 1983 Joined Sakaee Co., Ltd. Jan 1994 Joined the Company Apr 2012 Deputy Manager, Third Sales Department Apr 2013 Manager (General Manager), Head Office Second Sales Department Dec 2015 Deputy General Manager, Sales Headquarters, and Manager, Head Office Second Sales Department Apr 2017 Executive Officer, General Manager, Media Network Sales Department Apr 2019 Executive Officer, in charge of Sales Jun 2019 Director, Executive Officer in charge of Media Network Sales Department Apr 2021 Director, Executive Officer in charge of Osaka Head Office Second Sales Department, Tokyo Head Office Second and Third Sales Departments, and West Japan Sales Department Apr 2022 Executive Officer in charge of Sales Promotion Support Business, Sales Division Apr 2023 Executive Officer in charge of Sales Promotion Support Business, Sales Division; General Manager, Osaka Head Office Second Sales Department Jun 2024 Director, Executive Officer in charge of Sales Promotion Support Business, Sales Division; General Manager, Osaka Head Office Second Sales Department Apr 2025 Director, Executive Officer in charge of Sales Promotion Support Business, Sales Division; General Manager, Osaka Head Office Second Sales Department and Tokyo Head Office Second Sales Department Apr 2026 Director, Executive Officer in charge of Sales Promotion Support Business, Sales Division (current)
1965-04-01
Kazuki INATANI
Director, Executive Officer in charge of Administration Division; General Manager, Accounting Department; General Manager, Corporate Planning Department; General Manager, Legal Department
Apr 1994 Joined Taiyo Pearl Co., Ltd. Apr 2002 Joined Tsunebishi Co., Ltd. Jul 2007 Joined the Company, assigned to Accounting Department Aug 2017 General Manager, Accounting Department Apr 2019 Executive Officer, General Manager, Accounting Department Apr 2022 Executive Officer, General Manager, Corporate Coordination Department Apr 2025 Executive Officer in charge of Administration Division; General Manager, Accounting Department Jun 2025 Director in charge of Administration Division; General Manager, Accounting Department Apr 2026 Director in charge of Administration Division; General Manager, Accounting Department; General Manager, Corporate Planning Department; General Manager, Legal Department (current)
1971-12-07
Manabu SHINJO
Director, Full-time Audit and Supervisory Committee Member
Apr 1987 Joined Nihon Kangyo Sumimaru Securities Co., Ltd. (now Mizuho Securities Co., Ltd.) Jun 2017 Audit & Supervisory Board Member, UniQuest Co., Ltd.; Outside Director (Audit and Supervisory Committee Member), the Company Jun 2020 Outside Director (Full-time Audit and Supervisory Committee Member), the Company (current)
1961-02-18
Hayato YANO
Director
Apr 2007 Joined CyberWork Co., Ltd. Dec 2012 Joined Systems Design Co., Ltd. Oct 2014 Joined IBM Japan, Ltd. Feb 2023 Joined Boston Consulting Group (partnership) (current) Apr 2026 Joined the Company as Advisor, Corporate Planning Department (current) Jun 2026 Scheduled to assume office as Director of the Company
1986-02-05
Yoshiko YAMANOKUCHI
Director
Apr 1979 Joined Pearce Co., Ltd. Apr 1983 Joined Nihon Denshi Kogyo Co., Ltd. (now JEI Corporation) Jun 1995 Director, JEI Corporation Jun 1998 Managing Director, JEI Corporation May 2007 Representative Director, President, JEI Corporation (current) Sep 2016 Representative Director, President, JEI Holdings Co., Ltd. (current) Jun 2023 Joined the Company as Outside Director (current)
1957-02-13
Jun'ichirō KATAYAMA
Director
Apr 1990 Joined The Industrial Bank of Japan, Ltd. (now Mizuho Bank, Ltd.) Oct 1995 Joined Kankyo Kiki Co., Ltd. Jan 2000 Representative Director, President, Kankyo Kiki Co., Ltd. (current) Sep 2010 Vice Director, Japan International Volunteer Center (current) Jul 2019 Representative Director, President, Pest Vision Solutions Co., Ltd. Feb 2021 Representative Director, President, JM Capital Management Co., Ltd. (current) Mar 2021 Representative Director, President, Seibu Shodoku Co., Ltd. (current) Oct 2022 Representative Director, President, Termguard Asia Pte. Ltd. (current) Jun 2023 Joined the Company as Outside Director (current) Oct 2023 Representative Director, President, Kinki Living Supports Co., Ltd. (current) Oct 2024 Representative Director, President, Amemiya Co., Ltd. (current)
1965-11-06
Yumiko TANEDA
Director (Audit and Supervisory Committee Member)
Oct 1994 Joined Asahi Audit Corporation (now Azsa LLC), Osaka Office Aug 2008 Joined Brain Co., Ltd.; Director (current) Oct 2014 Outside Audit & Supervisory Board Member, Osaka City Hospital Organization (local independent administrative institution) Jul 2018 Outside Audit & Supervisory Board Member, Osaka Nakakawachi Agricultural Cooperative Jun 2019 Outside Director (Audit and Supervisory Committee Member), the Company (current) Jun 2020 Outside Director, Kota Co., Ltd. Aug 2021 Outside Director, Sumie Orimono Co., Ltd. (now SUMINOE Co., Ltd.) (current) Jun 2025 Outside Director, Nitta Gelatin Inc. (current)
1966-12-25
Satoko TOMIYAMA
Director (Audit and Supervisory Committee Member)
Oct 2004 Registered as attorney; joined Nishimura Tokiwa Law Office (now Nishimura & Asahi) Aug 2006 Joined Dojima Law Office Jan 2012 Partner, Dojima Law Office (current) Jun 2023 Outside Audit & Supervisory Board Member, Tiger Polymer Co., Ltd. (current) Jun 2024 Outside Audit & Supervisory Board Member, Utsue Valve Service Co., Ltd. (current) Jun 2026 Scheduled to assume office as Outside Director of the Company
1979-02-10
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
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
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-15
Quarterly Securities Report
EDINETAmended
2021-08-27
Amended Annual Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-07-30
Annual Securities Report
EDINET
2021-02-09
Quarterly Securities Report
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