Overview
Wholesale Trade

Satoh&Co.,Ltd.

Sato Shoji is a wholesale and retail distributor of foodservice (business-use) food products, centered on prepared frozen foods, operating primarily across the Tohoku region of Japan. The company operates through a wholesale division serving institutional and restaurant clients, and a retail division comprising 21 direct-sale centers across Miyagi, Iwate, Yamagata, Fukushima, and Akita prefectures. The group is further supported by subsidiaries engaged in meat processing, food and water quality testing, menu database and IT systems development, and logistics services.

Market Cap
¥16.8B
US$107M
EV
¥-1.67B
-US$10.6M
Stock¥2,019▲+0.00%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
13.5
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-20.3%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
16.8BUS$107MMarket Cap0.71BUS$4.54M+ Debt3.03BUS$19.3M− Cash16.2BUS$103M− Inv. Sec.-1.67B-US$10.6MEV
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Performance & Balance
Revenue 5Y (¥B)
38.9US$248M'22/343.7US$278M'23/347.6US$304M'24/349.1US$313M'25/350.8US$324M'26/3
EBITDA 5Y (¥B)
1.18US$7.55M'22/31.57US$10.00M'23/31.91US$12.2M'24/32.09US$13.3M'25/31.97US$12.6M'26/3
Net Income 5Y (¥B)
0.63US$4.01M'22/30.97US$6.17M'23/31.23US$7.83M'24/31.32US$8.39M'25/31.25US$7.98M'26/3
Capital Structure
97%
EquityD/E 0.03xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
6.45US$41.1M0.69US$4.37M'22/37.79US$49.7M0.69US$4.37M'23/311.7US$74.9M0.68US$4.37M'24/311.2US$71.6M0.68US$4.36M'25/312.3US$78.7M0.70US$4.48M'26/3
Shareholders
Top 10 hold 56.8%
1
Sato Kosan Co., Ltd.
24.80%
2
Satoh&Co.,Ltd. Business Partners' Stock Ownership Association
12.50%
3
Hikari Tsushin K.K. Investment Business Limited Partnership
4.30%
4
Satoh&Co.,Ltd. Employee Stock Ownership Association
3.10%
5
MUFG Bank, Ltd.
2.60%
6
The 77 Bank,Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
2.60%
7
NittoBest Corporation
2.10%
8
Masayuki SATO
1.80%
9
Emiko TAKAHASHI
1.50%
10
Norihiro SATO
1.50%
Management
12 officers
Masayuki SATO
Director, Chairman of the Board
Apr 1971 Joined Futaba Shokuhin Co., Ltd. Oct 1974 Joined the Company May 1978 Representative Director, Executive Vice President of the Company Mar 1990 Representative Director, President of the Company Apr 1996 Representative Director, President, Akita Sato Shokai Co., Ltd. Jul 1999 Representative Director, President, F.P.S. Co., Ltd. Apr 2001 Representative Director, President, Sato Service Co., Ltd. Jun 2010 Representative Director, Chairman of the Company Apr 2017 Director, Chairman of the Company (current)
1948-11-17
Masao KOYAMA
Representative Director, President
Mar 1980 Joined the Company May 1996 Director, Koriyama Sato Shokai Co., Ltd. (currently Koriyama Sales Office of the Company) Apr 2004 Manager, Morioka Sales Office of the Company Apr 2008 Representative Director, President, Akita Sato Shokai Co., Ltd. Jun 2022 Representative Director, President of the Company (current)
1957-01-18
Masahito KAJITA
Senior Managing Director
Mar 1989 Joined the Company Sep 2004 General Manager, Prepared Foods Department of the Company Jun 2009 Director, General Manager, Prepared Foods Department of the Company Jun 2010 Director, Deputy General Manager, Sales Division; General Manager, Prepared Foods Department of the Company Jan 2013 Director, Deputy General Manager, Sales Division (in charge of C&C Department, Product Department and Prepared Foods Department) of the Company Jun 2013 Senior Managing Director, General Manager, Sales Division of the Company Apr 2022 Senior Managing Director of the Company (current) May 2024 Representative Director, President, F.P.S. Co., Ltd. (current)
1967-03-15
Yukimasa AIHARA
Director, General Manager, Sales Division
Apr 1995 Joined the Company Jan 2013 General Manager, School Lunch Department of the Company Jan 2022 Deputy General Manager, Sales Division; General Manager, School Lunch Department of the Company Apr 2022 General Manager, Sales Division of the Company Jun 2022 Director, General Manager, Sales Division of the Company Jun 2026 Managing Director, General Manager, Sales Division of the Company (current)
1972-02-03
Shinichi SHIMOYAMADA
Director, General Manager, Administration Division
Apr 1987 Joined Dai-Ichi Kangyo Bank, Ltd. (currently Mizuho Bank, Ltd.) Dec 1988 Joined Tokin Corporation Apr 2019 Joined the Company; Manager, General Affairs Section, General Affairs Department Jan 2020 General Manager, General Affairs Department of the Company Jun 2022 Director, Deputy General Manager, Administration Division; General Manager, General Affairs Department of the Company May 2024 Representative Director, President, Sato Service Co., Ltd. (current) Jun 2025 Director, General Manager, Administration Division; General Manager, General Affairs Department of the Company Apr 2026 Director, General Manager, Administration Division of the Company (current)
1963-07-08
Norihiro SATO
Director
Apr 2005 Joined Kewpie Corporation Dec 2007 Joined the Company Jun 2013 Director, General Manager, President's Office of the Company Jul 2014 Director, General Manager, School Lunch Department of the Company Jan 2017 Director, General Manager, School Lunch Department (in charge of C&C Department) of the Company Apr 2017 Representative Director, Executive Vice President of the Company May 2022 Representative Director, President, F.P.S. Co., Ltd. Jun 2024 Director of the Company (current)
1981-07-24
Noriaki ABE
Director, Deputy General Manager, Sales Division
Apr 1993 Joined the Company Apr 2017 General Manager, School Lunch Department of the Company Apr 2022 Deputy General Manager, Sales Division of the Company Jun 2022 Director, Deputy General Manager, Sales Division of the Company (current)
1971-01-29
Kiichi KO
Director, Deputy General Manager, Administration Division
Apr 1992 Joined Nihon Jutaku Panel Kogyo Kyodo Kumiai (Japan Housing Panel Industry Cooperative) Jun 2001 Joined NEC Infrontia Tohoku Co., Ltd. (currently NEC Platforms, Ltd.) Mar 2019 Joined EM Device Co., Ltd. Apr 2020 Joined the Company; Accounting Section Manager (position-level treatment), Accounting Department Jul 2020 General Manager, Accounting Section, Accounting Department of the Company Jun 2022 Director (Audit and Supervisory Committee Member) of the Company Jun 2025 Director, Deputy General Manager, Administration Division; General Manager, Personnel Department of the Company Apr 2026 Director, Deputy General Manager, Administration Division of the Company (current)
1968-06-02
Takashi KOBAYASHI
Director (Full-time Audit and Supervisory Committee Member)
Apr 2000 Joined the Company Feb 2010 Manager, Sales Administration Section, Accounting Department of the Company Sep 2023 Manager, Finance and Accounting Section, Accounting Department of the Company Jun 2025 Director (Audit and Supervisory Committee Member) of the Company (current)
1976-07-14
Hitoki ABE
Director (Audit and Supervisory Committee Member)
Nov 2006 Joined PricewaterhouseCoopers Tax Corporation Dec 2008 Joined Tohmatsu Audit Corporation (currently Deloitte Touche Tohmatsu LLC) Sep 2010 Joined Tohmatsu Tax Corporation (currently Deloitte Tohmatsu Tax Co.) Sep 2011 Registered as Certified Public Accountant Oct 2011 Registered as Certified Tax Accountant; opened Hitoki Abe Certified Public Accountant and Tax Accountant Office Aug 2013 Representative Director, President, Abe Accounting Office Ltd. (current) Aug 2015 Representative Director, President, Asuka Management Service Co., Ltd. (current) Jun 2018 Director (Audit and Supervisory Committee Member) of the Company (current) Jun 2019 Auditor, Coop Tohoku Sannet Business Federation, Japan Consumers' Co-operative Union (current) Mar 2026 Outside Director, Workport Co., Ltd. (current)
1982-03-19
Tetsuo OKADA
Director (Audit and Supervisory Committee Member)
Apr 1970 Joined Mitsui Seiki Kogyo Co., Ltd. Apr 1973 Joined Okada Mitsuo Certified Public Accountant and Tax Accountant Office Jul 2002 Established Cox Ltd.; Representative Director, President (current) Apr 2007 Part-time Lecturer, Graduate School of Business and Management, Keio University Jun 2008 Auditor of the Company Jun 2016 Director (Audit and Supervisory Committee Member) of the Company (current)
1947-08-24
Takashi SUZUKI
Director (Audit and Supervisory Committee Member)
Sep 2010 Passed the National Bar Examination Jan 2012 Joined Tokaigawara Kyodo Law Office; Attorney at Law (current) Jun 2022 Director (Audit and Supervisory Committee Member) of the Company (current)
1985-07-10
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-12
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-12
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
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
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
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-30
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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