Overview
Wholesale Trade

TAIYO BUSSAN KAISHA,LTD.

Taiyo Bussan Kaisha is a Japanese trading company primarily engaged in the import and export of domestic and foreign goods, with a focus on agricultural products (including sugar, rice, and wheat) and machinery. The company operates through four business segments, with key activities in China conducted via affiliated entities including Shanghai Taiyo Rongguang Trading Co., Ltd. and Xuzhou Taipeng Construction Machinery Co., Ltd. Its competitive strengths lie in its long-standing trade relationships with China and its specialized expertise in food commodities and construction machinery.

Market Cap
¥1.79B
US$11.4M
EV
¥7.73B
US$49.3M
Stock¥927▼-3.13%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
26.9
x
LTM EV/EBIT
27.7
x
LTM PER
11.8
x
LTM PBR
1.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+5.7%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 3, 26Market-wide: Rally against -3.2% TOPIX decline
2Mar 4, 26Market-wide: -3.7% TOPIX decline
3Mar 9, 26Market-wide: Rally against -3.8% TOPIX decline
MC → EV Bridge
1.79BUS$11.4MMarket Cap6.25BUS$39.9M+ Debt0.32BUS$2.02M− Cash0.00BUS$0.00M− Inv. Sec.7.73BUS$49.3MEV
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Performance & Balance
Revenue 5Y (¥B)
16.4US$105M'21/921.0US$134M'22/920.0US$128M'23/918.8US$120M'24/919.7US$125M'25/9
EBITDA 5Y (¥B)
0.24US$1.52M'21/90.24US$1.55M'22/90.17US$1.11M'23/90.27US$1.75M'24/90.26US$1.63M'25/9
Net Income 5Y (¥B)
0.11US$0.72M'21/90.13US$0.85M'22/90.12US$0.74M'23/90.16US$1.03M'24/90.15US$0.94M'25/9
Capital Structure
85%
EquityD/E 5.62xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.88US$12.0M6.15US$39.3M'21/90.32US$2.04M5.95US$38.0M'22/90.67US$4.29M5.77US$36.8M'23/90.35US$2.21M5.41US$34.5M'24/90.27US$1.70M5.91US$37.7M'25/9
Shareholders
Top 10 hold 46.4%
1
ORCHID PLUS PTE. LTD. (Standing Proxy: Akiko FUKUWA)
9.77%
2
Ebisu Shoji Co., Ltd.
7.04%
3
Hiroshi KONDO
6.60%
4
Natsumi KUWABATA
5.75%
5
Yukina KUWABATA
3.49%
6
MC Co., Ltd.
3.43%
7
Rakuten Securities, Inc.
3.10%
8
Shigeru KASHIWABARA
2.62%
9
Naoki KUWABATA
2.37%
10
Noriko HOSHINO
2.19%
Management
5 officers
Shinsuke MATSUSHIMA
Representative Director, President
Apr 1994 Joined Takagi Securities Co., Ltd. Oct 1996 Joined Aplus Co., Ltd. Jan 2000 Joined Flex Co., Ltd. Mar 2022 Representative Director, President of the Company (current) Jun 2023 General Manager, Taiyo Bussan Keji (Yantai) Co., Ltd. (current)
1971-08-28
Wei JIANG
Director
Dec 1985 Joined the Company Apr 2006 Director, Beijing Representative Office Jan 2010 Director, Beijing Representative Office; concurrently Director, Guangzhou Representative Office Apr 2012 Manager, Sales Development Department; concurrently Director, Beijing Representative Office and Guangzhou Representative Office Nov 2012 Chairman, Shanghai Taiyo Eiko Trading Co., Ltd. Dec 2013 Alternate Director, Executive Officer, General Manager, Sales Development Department Dec 2016 Director (current) Dec 2016 In charge of Food Department 1, Food Department 2, Sales Development Department, Lifestyle Products Department, and Shanghai Taiyo Eiko Trading Co., Ltd. Jan 2019 In charge of Food Department, Sales Development Department, and Lifestyle Products Department; General Manager, Shanghai Taiyo Eiko Trading Co., Ltd. (current) Jun 2023 Chairman, Taiyo Bussan Keji (Yantai) Co., Ltd. (current) Jan 2025 In charge of Food Department, Agricultural Products Department, China Development Department, and Lifestyle Products Department (current)
1964-09-20
Tomoyuki YOKOYAMA
Director (Audit and Supervisory Committee Member)
Oct 2002 Joined Tohmatsu Audit Corporation Dec 2006 Registered as Certified Public Accountant Apr 2009 Seconded to Deloitte Tohmatsu FAS Co., Ltd. (now Deloitte Tohmatsu Financial Advisory LLC) Jul 2009 Established Yokoyama Accounting Office; Representative (current); Registered as Certified Tax Accountant May 2011 Outside Independent Officer, Pocket Card Co., Ltd. Jul 2015 Part-time Executive Officer, Tachihi Storage Lab Co., Ltd. (current) Mar 2019 Outside Independent Officer, Hikari Business Form Co., Ltd. (current) Jul 2021 Chairman, Tachihi Education and Culture Promotion General Incorporated Association (current) Oct 2021 Councilor, Aucnet Foundation (current) Mar 2022 Director of the Company Apr 2022 Outside Director, TRIBAWL Co., Ltd. (current) May 2022 Director (Audit and Supervisory Committee Member), G-3 Holdings Co., Ltd. Oct 2022 Representative Director, BlueSeed Co., Ltd. (current) Dec 2022 Director (Audit and Supervisory Committee Member) of the Company (current) Mar 2023 Outside Director, KAOPA Co., Ltd. (current) Aug 2024 Outside Director (Audit and Supervisory Committee Member), Luckland Co., Ltd. (current) Jun 2025 Director (Audit and Supervisory Committee Member), nms Holdings Co., Ltd. (current)
1975-06-05
Yoshihito OSHITA
Director (Audit and Supervisory Committee Member)
Jan 2012 Appointed Assistant Judge, Oita District Court Apr 2015 Joined Futaebashi Law Office (now Iwata Law Office) Apr 2017 Assistant Judge, Tokyo District Court Apr 2019 Registered as Attorney-at-Law; joined Kotohira Sogo Law Office Apr 2020 Audit & Supervisory Board Member, Human Creation Holdings Co., Ltd. Mar 2022 Director of the Company Dec 2022 Director (Audit and Supervisory Committee Member) of the Company (current) Dec 2023 Joined Zenkokujizaka Law Office (current) Aug 2024 Outside Director (Audit and Supervisory Committee Member), Luckland Co., Ltd. (current) Dec 2025 Outside Director, Human Creation Holdings Co., Ltd. (current)
1986-01-24
Yuzo KAMIRAKU
Director (Audit and Supervisory Committee Member)
Jan 2010 Joined Tohmatsu Audit Corporation (now Deloitte Touche Tohmatsu LLC) Mar 2014 Registered as Certified Public Accountant Sep 2014 Seconded to Deloitte Tohmatsu Financial Advisory Co., Ltd. (now Deloitte Tohmatsu Financial Advisory LLC) Oct 2017 Joined Strike Co., Ltd. Oct 2020 Established Chusho Kigyo Financial Advisory Co., Ltd.; Representative Director (current) Dec 2021 Audit & Supervisory Board Member of the Company Dec 2022 Director (Audit and Supervisory Committee Member) of the Company (current)
1985-04-16
Large Shareholding Reports
Masanori Kino
2026-08-26
17.17%→17.98%
Correction filing (name/detail fix only) — ratio carried over from the original filing
KAY LEO BROTHERS LIMITED
2026-07-31
34.08%
Escrypt Energy Co., Ltd.
2026-07-15
11.45%→11.58%
Ebisu Shoji Co., Ltd.
2026-07-10
14.56%
Annual report (as of 2026-03-31): 7.04%
Masanori KINO
2026-07-08
17.17%→17.98%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Ebisu Shoji Co., Ltd.
2026-07-08
14.56%
Annual report (as of 2026-03-31): 7.04%
Masanori KINO
2026-07-08
17.17%→17.98%
ORCHID PLUS PTE. LTD.
2026-07-07
9.77%→40.52%
Escrypt Energy Co., Ltd.
2026-07-02
11.45%
Masanori KINO
2026-06-24
16.06%→17.17%
Masanori KINO
2026-06-16
14.88%→16.06%
Ebisu Shoji Co., Ltd.
2026-05-29
7.04%→4.97%
Annual report (as of 2026-03-31): 7.04%
Masanori KINO
2026-05-29
13.32%→14.88%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Masanori KINO
2026-05-28
13.32%→14.88%
Masanori KINO
2026-05-11
7.57%→13.32%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Masanori KINO
2026-05-11
7.57%→5.86%
Masanori KINO
2026-05-11
5.86%→7.57%
Takeyuki OMORI
2026-05-08
10.08%
Takeyuki OMORI
2026-05-08
12.09%→4.96%
Takeyuki OMORI
2026-05-08
10.08%→12.09%
Masanori KINO
2026-05-08
7.57%→13.32%
Masanori KINO
2026-05-07
7.57%
Disclosures
No disclosures
Primary Source Filings
EDINETAmended
2026-08-26
Change Report
EDINETAmended
2026-08-26
Amended Securities Registration Statement
TDnet
2026-08-12
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-07-31
Large Shareholding Report
EDINET
2026-07-15
Large Shareholding Report
EDINETAmended
2026-07-10
Change Report
EDINET
2026-07-08
Large Shareholding Report
EDINET
2026-07-08
Large Shareholding Report
EDINETAmended
2026-07-08
Change Report
EDINET
2026-07-07
Large Shareholding Report
EDINET
2026-07-02
Large Shareholding Report
EDINET
2026-06-24
Large Shareholding Report
EDINET
2026-06-16
Large Shareholding Report
EDINETAmended
2026-05-29
Change Report
EDINET
2026-05-29
Large Shareholding Report
EDINET
2026-05-28
Large Shareholding Report
EDINETAmended
2026-05-22
Amended Securities Registration Statement
EDINETAmended
2026-05-20
Amended Securities Registration Statement
EDINET
2026-05-15
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
EDINETAmended
2026-05-11
Change Report
EDINET
2026-05-11
Large Shareholding Report
EDINETAmended
2026-05-11
Change Report
EDINET
2026-05-08
Large Shareholding Report
EDINET
2026-05-08
Large Shareholding Report
EDINET
2026-05-08
Large Shareholding Report
EDINET
2026-05-08
Large Shareholding Report
EDINET
2026-05-07
Large Shareholding Report
EDINETAmended
2026-04-28
Amended Securities Registration Statement
EDINET
2026-04-24
Securities Registration Statement
TDnet
2026-02-13
Q1 Earnings Flash
FY ending Sep 2026
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