Overview
Retail Trade

MAKIYA CO.,LTD.

Makiya Co., Ltd. is a multi-format retailer headquartered in Numazu, Shizuoka Prefecture, operating a diversified portfolio of store formats primarily across the Shizuoka, Kanagawa, Yamanashi, and Mie regions of Japan. Its core formats include the comprehensive discount store 'E-Spot' (21 stores), food supermarkets 'Potato' and 'Mammy' (14 stores), wholesale food retailer 'Gyomu Super' (53 stores), reuse shop 'Hard Off' (7 stores), interior shop 'E-Comode' (3 stores), and 100-yen shop 'Daiso' (11 stores), all operated under franchise and proprietary arrangements. The company also conducts real estate leasing, logistics, meat processing, and an expanding EC (e-commerce) business through multiple subsidiaries.

Market Cap
¥13.9B
US$88.4M
EV
¥15.2B
US$97.0M
Stock¥1,387▼-0.93%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
4.0
x
LTM EV/EBIT
6.8
x
LTM PER
10.0
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-7.6%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
13.9BUS$88.4MMarket Cap8.03BUS$51.2M+ Debt4.76BUS$30.3M− Cash1.92BUS$12.2M− Inv. Sec.15.2BUS$97.0MEV
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Performance & Balance
Revenue 5Y (¥B)
68.5US$436M'22/370.9US$452M'23/376.7US$488M'24/388.8US$566M'25/393.7US$596M'26/3
EBITDA 5Y (¥B)
2.93US$18.6M'22/32.92US$18.6M'23/33.54US$22.6M'24/33.68US$23.4M'25/33.69US$23.5M'26/3
Net Income 5Y (¥B)
1.33US$8.48M'22/31.19US$7.56M'23/31.45US$9.26M'24/31.50US$9.53M'25/31.47US$9.36M'26/3
Capital Structure
74%
26%
EquityD/E 0.35xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
2.17US$13.8M5.32US$33.8M'22/33.31US$21.1M5.33US$33.9M'23/35.19US$33.0M6.79US$43.2M'24/35.88US$37.4M6.27US$39.9M'25/35.32US$33.9M5.75US$36.6M'26/3
Shareholders
Top 10 hold 73.6%
1
Makiri Co., Ltd.
43.40%
2
MAKIYA CO.,LTD. Business Partners' Stock Ownership Association
7.40%
3
Makiya Scholarship Foundation
7.00%
4
The Shizuoka Bank, Ltd.
5.00%
5
Suruga Bank Ltd.
4.90%
6
SBI SECURITIES Co., Ltd.
1.40%
7
Nobuyasu YABE
1.30%
8
Meiji Yasuda Life Insurance Company
1.10%
9
Toshiaki KON
1.10%
10
Manyo Club Co., Ltd.
1.00%
Management
11 officers
Yasuo KAWARASAKI
Representative Director, Chairman
Feb 1990 Joined the Company, General Manager, Management Planning Department Jun 1990 Director, the Company Jul 1997 Managing Director, the Company; General Manager, President's Office and General Manager, ESPOT Sales Department Nov 2003 Director, Hinoya Co., Ltd. Apr 2005 Senior Managing Director, the Company Dec 2005 Director, Hiderica Co., Ltd. (now MK Service Co., Ltd.) Mar 2006 Director, MK Cargo Co., Ltd. (now MK Service Co., Ltd.) Mar 2008 Representative Director, President, MK Service Co., Ltd. Oct 2008 Representative Director, President, the Company; Representative Director, President, Hiderica Co., Ltd. (now MK Service Co., Ltd.); Representative Director, President, Hinoya Co., Ltd. Apr 2022 Representative Director, Chairman, the Company (current) Jun 2022 Chairman, Makiya Scholarship Foundation (current) Feb 2024 Director, Usual Co., Ltd. (current)
1954-03-30
Noriyuki HAYAKAWA
Representative Director, President and Executive Officer, General Manager of Sales Headquarters
Apr 1981 Joined Daikuma Co., Ltd. (now Yamada Holdings Co., Ltd.) Mar 1991 Merchandise Department, Life Box Co., Ltd. Jan 1993 General Manager, Merchandise Department, Makiba Co., Ltd. Sep 2004 General Manager, Merchandise Department, Home Center Ant Co., Ltd. (now Home Center Valor Co., Ltd.) Apr 2009 Joined the Company Jul 2013 Deputy General Manager, NF Merchandise Department, the Company Dec 2013 General Manager, NF Merchandise Department, the Company Jun 2018 Director and Executive Officer, General Manager, NF Merchandise Department, the Company Feb 2020 Director and Executive Officer, General Manager, NF Merchandise Department and General Manager, Sales Control Department, the Company Feb 2021 Director, MK Service Co., Ltd. Apr 2021 Director and Executive Officer, General Manager of Sales Headquarters and General Manager of Sales Control Department, the Company Jun 2021 Senior Managing Director and Executive Officer, General Manager of Sales Headquarters, the Company Apr 2022 Representative Director, President and Executive Officer, General Manager of Sales Headquarters, the Company (current); Representative Director, President, MK Service Co., Ltd. (current) Feb 2024 Director, Usual Co., Ltd. (current)
1958-10-17
Tsuyoshi TAKESHIMA
Senior Managing Director and Executive Officer, General Manager of Administration Headquarters and General Manager of Accounting and Finance Department
Apr 1981 Joined Iida Akio Tax Accountant Office Apr 1995 Corporate Planning Department, Fuji Soft Inc. May 2006 General Manager, Administration Department, SK Home Co., Ltd. Apr 2010 Joined the Company Jan 2011 Deputy General Manager, Accounting and Finance Department, the Company Apr 2011 General Manager, Accounting Department, the Company Sep 2015 Deputy General Manager, Accounting and Finance Department, the Company Jul 2017 General Manager, Accounting Department, the Company Jun 2018 Director and Executive Officer, General Manager, Accounting Department, the Company Jun 2022 Director and Executive Officer, General Manager of Administration Headquarters and General Manager of Accounting and Finance Department, the Company Jun 2023 Managing Director and Executive Officer, General Manager of Administration Headquarters and General Manager of Accounting and Finance Department, the Company Feb 2024 Corporate Auditor, Usual Co., Ltd. (current) Jun 2024 Senior Managing Director and Executive Officer, General Manager of Administration Headquarters and General Manager of Accounting and Finance Department, the Company (current) Jun 2025 Corporate Auditor, MK Service Co., Ltd. (current)
1962-10-31
Tadao SHINOHARA
Director and Executive Officer, General Manager of Planning and Development Department
Mar 1993 Joined the Company Jan 2011 General Manager, Sales Promotion and Planning (now Sales Planning) Department, the Company Jul 2017 Executive Officer, General Manager of Sales Promotion and Planning Division and General Manager of Sales Planning Department, the Company Aug 2017 Executive Officer, General Manager of Sales Promotion and Planning Division, General Manager of Sales Planning Department and General Manager of ESPOT Sales Department, the Company Jun 2018 Director and Executive Officer, General Manager of Sales and Planning Division, General Manager of Sales Planning Department, General Manager of ESPOT Sales Department and General Manager of Development and Construction (now Development) Department, the Company Feb 2020 Director and Executive Officer, General Manager of Planning and Development Department, the Company Apr 2023 Director and Executive Officer, General Manager of Sales Planning Department, the Company Oct 2023 Director and Executive Officer, General Manager of Planning and Development Department, the Company (current)
1971-01-28
Manabu SATO
Director and Executive Officer, General Manager of Human Resources Department and General Affairs Department
Jan 1991 Joined Hinoya Co., Ltd. Apr 2007 Joined Max Value Tokai Co., Ltd. Sep 2008 Joined the Company Nov 2012 Store Manager, ESPOT Shizuoka Higashi Store, the Company Aug 2015 Store Manager, ESPOT Fujieda Store, the Company Aug 2016 Sales Department Manager, ESPOT Western Area, the Company Aug 2017 Sales Department Manager, ESPOT Numazu-Mishima Area, the Company Feb 2019 General Manager, Human Resources Department, the Company May 2019 General Manager, Human Resources Department and General Affairs Department, the Company Jul 2019 Executive Officer, General Manager of Human Resources Department and General Affairs Department, the Company Jun 2021 Director and Executive Officer, General Manager of Human Resources Department and General Affairs Department, the Company (current)
1974-08-14
Shinji SUZUKI
Director and Executive Officer, General Manager of FD Merchandising Division and General Manager of Fresh Food and Daily Products Department
Apr 2004 Joined the Company Apr 2012 Store Manager, ESPOT Nirasaki Store, the Company Nov 2017 Store Manager, Potato Nakazato Store, the Company Jan 2018 Store Manager, Mommy Nimaibashi Store, the Company Jul 2018 Sales Floor Reform Department Manager, the Company Apr 2021 Shizuoka Gakunan Area Manager and Store Manager, ESPOT Fujinomiya Store, the Company Jun 2021 Produce Department Manager, the Company Apr 2022 General Manager, Fresh Food Department, the Company Apr 2022 Director, MK Service Co., Ltd. (current) Jul 2024 Executive Officer, General Manager, Fresh Food Department, the Company Apr 2025 Executive Officer, General Manager of FD Merchandising Division and General Manager of Fresh Food and Daily Products Department, the Company Jun 2025 Director and Executive Officer, General Manager of FD Merchandising Division and General Manager of Fresh Food and Daily Products Department, the Company (current)
1981-06-19
Yuji SAKAGUCHI
Director
Apr 1979 Joined Daiichi Juutaku Kinyu Co., Ltd. Nov 1996 Joined Ichibanya Co., Ltd. Aug 2002 Director and General Manager, Corporate Planning Office, Ichibanya Co., Ltd. Jun 2004 Managing Director, Ichibanya Co., Ltd. Mar 2018 Senior Managing Director, Ichibanya Co., Ltd. Feb 2021 Left Ichibanya Co., Ltd. Jun 2023 Outside Director, the Company (current)
1955-12-29
Hiroshi TONOYA
Director
Apr 1976 Joined Shizuoka Gas Co., Ltd. Mar 2001 Director, Shizuoka Gas Co., Ltd. Jan 2007 Managing Executive Officer, General Manager of Planning Department, Shizuoka Gas Co., Ltd. Apr 2010 Director and Senior Managing Executive Officer, Shizuoka Gas Co., Ltd. Jan 2011 Representative Director, President, Shizuoka Gas Co., Ltd. Jan 2018 Representative Director, Chairman, Shizuoka Gas Co., Ltd. Jan 2024 Representative Director, Special Advisor, Shizuoka Gas Co., Ltd. Mar 2024 Director, Special Advisor, Shizuoka Gas Co., Ltd. Mar 2025 Special Advisor, Shizuoka Gas Co., Ltd. (current) Jun 2025 Outside Director, the Company (current)
1953-08-11
Mao MUKAI
Director, Audit and Supervisory Committee Member
Oct 1981 Joined Sanwa Audit Corporation Tokyo Marunouchi Office (now Deloitte Touche Tohmatsu LLC) Sep 1985 Registered as Certified Public Accountant Jun 1996 Partner, Tohmatsu & Co. (now Deloitte Touche Tohmatsu LLC) Jun 2003 Representative Partner, Tohmatsu & Co. (now Deloitte Touche Tohmatsu LLC) Jul 2018 Opened Mao Mukai Certified Public Accountant Office (current) Apr 2019 Outside Director, Audit and Supervisory Committee Member, Outsourcing Technology Co., Ltd. Jun 2019 Outside Director, the Company Jun 2025 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1957-03-09
Wakako SHIKATA
Director, Audit and Supervisory Committee Member
Apr 1993 Joined Okawa Man Tax Accountant Office Apr 1996 Joined Fujimaki Harumi Accounting Office (now Deloitte Tohmatsu Tax Co., Shizuoka Office) Sep 2005 Registered as Tax Accountant, Tokai Tax Accountants' Association Jul 2014 Opened Shikata Tax Accountant Office (current) Jun 2025 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1971-01-26
Hidetoki TAKEKAWA
Director, Audit and Supervisory Committee Member
Oct 2006 Registered as Attorney, Shizuoka Bar Association Oct 2006 Joined Aoba Law Office Apr 2014 Joined Takekawa Suzuki Law Office (current) Jun 2023 Outside Director, the Company Jun 2025 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1976-01-22
Large Shareholding Reports
Kobe Bussan Co., Ltd.
2026-07-16
13.28%
Toshihisa YABE
2026-07-15
0.72%→0.72%
Makiri Co., Ltd.
2026-06-29
41.21%→41.21%
Annual report (as of 2026-03-31): 43.40%
Makiri Co., Ltd.
2026-06-05
41.21%→41.21%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 43.40%
Makiri Co., Ltd.
2026-06-02
41.20%→41.20%
Annual report (as of 2026-03-31): 43.40%
Makiri Co., Ltd.
2026-06-02
41.21%→41.21%
Annual report (as of 2026-03-31): 43.40%
Makiri Co., Ltd.
2026-06-02
41.21%→41.21%
Annual report (as of 2026-03-31): 43.40%
Makiri Co., Ltd.
2026-06-02
41.20%→41.21%
Annual report (as of 2026-03-31): 43.40%
Yugen Kaisha Bokuri
2026-06-02
41.20%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-16
Large Shareholding Report
EDINET
2026-07-15
Large Shareholding Report
EDINETAmended
2026-07-15
Amended Securities Registration Statement
EDINETAmended
2026-06-29
Amended Securities Registration Statement
EDINET
2026-06-29
Large Shareholding Report
EDINET
2026-06-29
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-24
公開買付報告書
EDINETAmended
2026-06-05
Change Report
EDINET
2026-06-02
Large Shareholding Report
EDINET
2026-06-02
Large Shareholding Report
EDINET
2026-06-02
Large Shareholding Report
EDINET
2026-06-02
Large Shareholding Report
EDINET
2026-06-02
Large Shareholding Report
EDINET
2026-05-27
公開買付届出書
EDINET
2026-05-26
Securities Registration Statement
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
2025-08-12
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-30
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-13
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-30
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
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