Overview
Information & Communication

TOSHIN HOLDINGS CO.,LTD

Toshin Holdings is a Nagoya-based holding company operating across three core segments: mobile communications retail (via subsidiary Toshin Mobile), real estate (rental office buildings and apartments under the 'Sakura Hills' brand via Toshin Corporation), and resort/golf course management (via Toshin Resort and Irago Seaside Golf Club). The mobile communications segment handles direct sales and carrier contract agency services for major Japanese carriers, including wholesale distribution to third-party dealers and corporate sales. The real estate segment focuses on rental properties concentrated in the Nagoya metropolitan area, complemented by a golf operations business managing multiple courses primarily in the Chubu region.

Market Cap
¥1.53B
US$9.72M
EV
¥14.1B
US$90.1M
Stock¥236▼-5.98%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
20.4
x
LTM EV/EBIT
54.4
x
LTM PER
NM
LTM PBR
1.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-83.1%pt
100123
Oct 23, 25 – Oct 23, 26StockTOPIX
1Feb 19, 26Selling after Q3 earnings announcement
2Jul 14, 26Full-year FY2026/04 earnings announced
3Sep 29, 26Disclosure of material internal control deficiency & non-operating expense booking (announced 9/24-25)
MC → EV Bridge
1.53BUS$9.72MMarket Cap15.3BUS$97.1M+ Debt2.65BUS$16.8M− Cash0.06BUS$0.37M− Inv. Sec.0.07BUS$0.42M+ NCI14.1BUS$90.1MEV
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Performance & Balance
Revenue 5Y (¥B)
18.0US$115M'22/416.4US$105M'23/417.1US$109M'24/417.5US$111M'25/417.8US$113M'26/4
EBITDA 5Y (¥B)
0.97US$6.18M'22/40.76US$4.87M'23/40.69US$4.42M'24/40.44US$2.79M'25/40.69US$4.42M'26/4
Net Income 5Y (¥B)
0.32US$2.01M'22/40.25US$1.60M'23/40.14US$0.90M'24/4-0.02-US$0.10M'25/4-1.38-US$8.76M'26/4
Capital Structure
93%
EquityD/E 14.34xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
2.80US$17.8M15.4US$97.7M'22/42.41US$15.4M15.2US$97.1M'23/42.17US$13.8M17.0US$108M'24/43.18US$20.3M16.6US$106M'25/42.70US$17.2M15.3US$97.1M'26/4
Shareholders
Top 10 hold 59.7%
1
Jet Co., Ltd.
33.60%
2
Nobufumi ISHIDA
6.25%
3
Hikari Tsushin Investment Business Limited Partnership
5.85%
4
Yukari ISHIDA
4.72%
5
Employee Stock Ownership Association
2.33%
6
SoftBank Corp.
2.23%
7
CNC Enterprise Co., Ltd.
2.16%
8
HIKARI TSUSHIN,INC.
1.01%
9
Orange Co., Ltd.
0.77%
10
JPMorgan Securities Japan Co., Ltd.
0.77%
Management
8 officers
Sakae HIRATSUKA
Representative Director, President
Apr 1978 Joined Yanase Aichi Co., Ltd. Apr 2005 Joined SoftBank BB Corp. (currently SoftBank Corp.) Jun 2006 Manager, Tokai Sales Department, Consumer Sales Division, SoftBank BB Corp. Apr 2007 General Manager, Tokai Sales Division, SoftBank BB Corp. Apr 2011 General Manager, Sales Planning Department, SoftBank BB Corp. Apr 2012 Representative Director, President, I-Space Co., Ltd. (resigned Jan 2026) Jun 2026 Representative Director, President of the Company (current)
1955-01-21
Yukari ISHIDA
Director
Jul 1986 Established Ishida Kogyo Co., Ltd. (Limited company; merged with the Company in May 1999), assumed position of Director Apr 1988 Established the Company, assumed position of Director Apr 1988 Director, General Manager of General Affairs Department of the Company Jul 2001 Director, General Manager of General Affairs Department of the Company Apr 2007 Director, General Manager of Finance Department of the Company Jul 2009 Managing Director, General Manager of Finance Department of the Company Jul 2012 Director, General Manager of Finance Department of the Company Jul 2018 Director, General Manager of Administration Department (in charge of Finance) of the Company Jan 2026 Director of the Company (current)
1962-04-25
Momoko ASAHI
Director, General Manager of Administration Department
Apr 2005 Joined the Company Nov 2013 General Manager, Corporate Strategy Office of the Company Jul 2014 Director of the Company Jul 2014 Director, Head of Corporate Strategy Office and General Manager of General Affairs Department of the Company Jul 2018 Director, Head of Corporate Strategy Office and General Manager of Administration Department (in charge of General Affairs and HR) of the Company Director, Vice President and General Manager of Administration Department (in charge of General Affairs and HR) of the Company Jul 2024 Director and General Manager of Administration Department of the Company (current) May 2026 (event not specified in source)
1982-06-16
Takao FUKAYA
Director
Sep 1985 Opened Takao Fukaya Certified Tax Accountant Office Mar 2009 Closed the office Apr 2009 Joined Mori Toshiyuki Administrative Scrivener and Tax Accountant Office Jul 2012 Left the office Aug 2012 Opened Takao Fukaya Certified Tax Accountant Office Mar 2016 Closed the office Apr 2016 Joined Yasui Naoro Social Insurance Labor Consultant and Tax Accountant Office Mar 2019 Left the office Mar 2019 Joined Asano Takatsugu Tax Accountant Office, Head of Tax and Accounting Business Division Jul 2020 Outside Audit & Supervisory Board Member of the Company Jul 2024 Outside Director of the Company (current) Mar 2025 Left Asano Takatsugu Tax Accountant Office Apr 2025 Joined Tax Lab Tax Accountant Corporation
1954-09-28
Tatsuya OKUMURA
Director
Oct 2003 Director, Faren Higashi Gifu Co., Ltd. (current) Apr 2007 Joined Car Seven Development Co., Ltd. Feb 2009 Joined Aichi Chrysler Co., Ltd. Feb 2009 Director, RJ Higashi Gifu Co., Ltd. (current) Apr 2010 Seconded to Chukyo Chrysler Co., Ltd., Jeep Okazaki Store Manager Feb 2011 Director, Sales Deputy General Manager, Aichi Chrysler Co., Ltd. Feb 2011 Director, Sales Deputy General Manager, Chukyo Chrysler Co., Ltd. Apr 2013 Director, Head of Division (Chukyo/Aichi), Chukyo Chrysler Co., Ltd. Apr 2018 Senior Managing Director (Chukyo/Aichi), Chukyo Chrysler Co., Ltd. Apr 2023 Representative Director, President (Chukyo/Aichi), Chukyo Chrysler Co., Ltd. (current) Jul 2024 Representative Member, GOINSTYLE LLC (current) Jul 2025 Outside Director of the Company (current)
1983-08-21
Etsuo KATO
Audit & Supervisory Board Member
Jun 1989 Established Ad System Co., Ltd., Representative Director (current) Mar 1998 Established Nagoya Living Agency Co., Ltd., Representative Director Feb 2016 Established General Incorporated Association Machi no Katsuryoku Sozo Kyokai, assumed position of Representative Director (current) Jul 2019 Outside Audit & Supervisory Board Member of the Company Jul 2021 Representative Director, President of the Company Mar 2023 Director of the Company Jul 2024 Audit & Supervisory Board Member of the Company (current)
1957-03-11
Shinji SUZUKI
Audit & Supervisory Board Member
Apr 1991 Registered with Aichi Bar Association, joined Hasegawa Law Office Apr 1997 Established Shinji Suzuki Law Office, assumed position of Head (current) Jul 2009 Outside Audit & Supervisory Board Member of the Company (current) Apr 2014 Family Court Mediation Commissioner, Nagoya Family Court (current)
1958-10-24
Takayuki OTA
Provisional Audit & Supervisory Board Member
Apr 2000 Joined Takefuji Corporation Jul 2005 Joined Yamato Law Office Nov 2006 Joined Tokai Kensetsu Corporation (Tokai Corporation) Dec 2020 Joined Gyosei Audit Corporation, Nagoya Office Jan 2025 Joined MG Holdings Co., Ltd. Apr 2025 Director, CFO, Belde Aqua Co., Ltd. (current) Jan 2026 Opened Ota Certified Public Accountant Office Apr 2026 Outside Provisional Audit & Supervisory Board Member of the Company (current)
1975-10-19
Large Shareholding Reports
Koutsushin Co., Ltd.
2025-09-29
6.18%→7.13%
Annual report (as of 2026-04-30): 1.01%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-02
Securities Registration Statement
EDINET
2026-10-02
Securities Registration Statement
EDINET
2026-10-02
Securities Registration Statement
EDINET
2026-09-24
Annual Securities Report
Period: May 2026 – May 2026
EDINET
2026-07-31
Annual Securities Report
Period: May 2025 – Apr 2026
EDINETAmended
2026-07-31
Amended Semi-Annual Securities Report
Period: May 2025 – Apr 2026
EDINETAmended
2026-07-31
Amended Annual Securities Report
Period: May 2024 – Apr 2025
TDnetAmended
2026-07-14
Q3 Earnings Flash
FY ending Apr 2026
TDnetAmended
2026-07-14
Q1 Earnings Flash
FY ending Apr 2026
TDnet
2026-03-16
Q3 Earnings Flash
FY ending Apr 2026
TDnet
2025-12-15
Q1 Earnings Flash
FY ending Apr 2026
EDINET
2025-12-15
Semi-Annual Securities Report
Period: May 2025 – Apr 2026
EDINETAmended
2025-11-18
Amended Annual Securities Report
Period: May 2020 – Apr 2021
EDINETAmended
2025-11-18
Amended Annual Securities Report
Period: May 2021 – Apr 2022
EDINETAmended
2025-11-18
Amended Annual Securities Report
Period: May 2022 – Apr 2023
EDINETAmended
2025-11-18
Amended Annual Securities Report
Period: May 2023 – Apr 2024
EDINETAmended
2025-11-18
Amended Annual Securities Report
Period: May 2019 – Apr 2020
EDINETAmended
2025-10-31
Amended Quarterly Securities Report
Period: Nov 2022 – Jan 2023
EDINET
2025-10-31
Annual Securities Report
Period: May 2024 – Apr 2025
EDINETAmended
2025-10-31
Amended Annual Securities Report
Period: May 2019 – Apr 2020
EDINETAmended
2025-10-31
Amended Quarterly Securities Report
Period: Nov 2023 – Jan 2024
EDINETAmended
2025-10-31
Amended Quarterly Securities Report
Period: May 2022 – Jul 2022
EDINETAmended
2025-10-31
Amended Quarterly Securities Report
Period: May 2019 – Jul 2019
EDINETAmended
2025-10-31
Amended Annual Securities Report
Period: May 2021 – Apr 2022
EDINETAmended
2025-10-31
Amended Quarterly Securities Report
Period: Aug 2023 – Oct 2023
EDINETAmended
2025-10-31
Amended Quarterly Securities Report
Period: Nov 2019 – Jan 2020
EDINETAmended
2025-10-31
Amended Quarterly Securities Report
Period: May 2023 – Jul 2023
EDINETAmended
2025-10-31
Amended Quarterly Securities Report
Period: Aug 2020 – Oct 2020
EDINETAmended
2025-10-31
Amended Quarterly Securities Report
Period: Aug 2022 – Oct 2022
EDINETAmended
2025-10-31
Amended Quarterly Securities Report
Period: Nov 2021 – Jan 2022
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