3121
MBK Co.,Ltd.
マーチャント・バンカーズ株式会社
Financial Services · Asset Management
MBK Co.,Ltd. engages in investment business in Japan. The company offers merchant banking business, such as investment business policy, real estate investment, and investment performance. It is also involved in the provision of digital advertising distribution services, as well as real estate sales, brokerage, rental, and management services; and block chain business. The company was incorporated in 1947 and is headquartered in Minato, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥3.4B
¥4.4B
¥1.5B
¥4.4B
¥2.7B
Cost of Sales
¥2.6B
¥3.5B
¥1.1B
¥3.4B
¥1.8B
Gross Profit
¥790M
¥984M
¥474M
¥999M
¥916M
SG&A
¥504M
¥658M
¥488M
¥644M
¥581M
Operating Income
¥285M
¥326M
¥-13M
¥356M
¥335M
Non-Operating Income
¥108M
¥107M
¥24M
¥43M
¥19M
Dividend Income
¥1M
¥0M
¥2M
¥5M
¥0M
Interest Income
¥3M
¥5M
¥2M
¥4M
¥0M
Non-Operating Expenses
¥425M
¥334M
¥96M
¥254M
¥136M
Interest Expense
¥243M
¥223M
¥85M
¥96M
¥96M
Ordinary Income
¥-32M
¥100M
¥-85M
¥144M
¥219M
Pre-tax Income
¥-82M
¥187M
¥105M
¥-38M
¥99M
Income Taxes
¥4M
¥5M
¥6M
¥29M
¥35M
Current Tax
¥2M
¥7M
¥16M
¥28M
¥35M
Deferred Tax
¥2M
¥-3M
¥-10M
¥1M
¥0M
Net Income (owners)
¥-86M
¥182M
¥99M
¥-66M
¥71M
Minority Interest
—
—
—
—
¥-7M
Comprehensive Income
¥-86M
¥183M
¥97M
¥-69M
¥85M
EBITDA
¥567M
¥618M
¥134M
¥556M
¥542M
Goodwill Amort. (J-GAAP)
—
—
—
¥1M
¥5M
EPS
¥-2.90
¥6.23
¥3.37
¥-2.25
¥2.48
Shares Outstanding
31.1M
29.3M
29.3M
29.3M
29.5M
Shares Issued (total)
31.8M
29.5M
29.5M
29.5M
29.5M
Treasury Shares
0.7M
0.2M
0.2M
0.2M
—
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥15.4B
¥16.4B
¥14.0B
¥10.2B
¥10.8B
Current Assets
¥2.3B
¥2.4B
¥1.5B
¥1.9B
¥1.3B
Cash & Deposits
¥1.6B
¥1.3B
¥1.3B
¥1.6B
¥1.1B
Trade Receivables
¥4M
¥9M
¥4M
¥88M
—
Non-Current Assets
¥13.2B
¥14.0B
¥12.4B
¥8.3B
¥9.5B
PP&E
¥12.7B
¥13.3B
¥11.8B
¥7.8B
¥8.9B
Goodwill
—
—
—
—
¥3M
Intangible Assets
¥3M
¥3M
¥179M
¥192M
¥43M
Investment Securities
¥64M
¥69M
¥34M
¥91M
¥186M
Deferred Tax Assets
¥6M
¥9M
¥8M
—
¥1M
Total Liabilities
¥10.8B
¥12.2B
¥9.9B
¥6.2B
¥6.7B
Current Liabilities
¥550M
¥669M
¥518M
¥549M
¥925M
Accounts Payable
¥0M
¥0M
¥9M
¥30M
¥35M
ST Debt
¥390M
¥444M
¥378M
¥233M
¥754M
Non-Current Liabilities
¥10.2B
¥11.5B
¥9.4B
¥5.7B
¥5.8B
Total LT Borrowings
¥10.1B
¥11.4B
¥9.3B
¥5.6B
¥5.7B
Deferred Tax Liab.
—
¥0M
¥0M
¥2M
¥4M
Total Equity
¥4.7B
¥4.2B
¥4.0B
¥3.9B
¥4.1B
Capital Stock
¥3.6B
¥3.2B
¥3.2B
¥3.2B
¥3.2B
Capital Surplus
¥1.2B
¥812M
¥812M
¥812M
¥812M
Retained Earnings
¥97M
¥241M
¥93M
¥-6M
¥122M
Treasury Stock
¥-212M
¥-65M
¥-65M
¥-65M
¥-0M
AOCI
¥-0M
¥-0M
¥-1M
¥1M
¥3M
Equity (owners)
¥4.7B
¥4.2B
¥4.0B
¥3.9B
¥4.1B
Total Interest-Bearing Debt ⓘ
¥10.5B
¥11.8B
¥9.7B
¥5.9B
¥6.5B
Net Cash ⓘ
¥-8.9B
¥-10.6B
¥-8.4B
¥-4.3B
¥-5.4B
NCAV ⓘ
¥-8.5B
¥-9.8B
¥-8.4B
¥-4.3B
¥-5.4B
NCAV/Share
¥-274
¥-335
¥-288
¥-148
¥-182
BV/Share
¥150
¥143
¥138
¥134
¥140
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥2.4B
¥3.1B
¥-242M
¥2.9B
¥981M
Interest Paid
¥-243M
¥-225M
¥-88M
¥-96M
¥-98M
Interest Received
¥4M
¥6M
¥4M
¥9M
¥0M
D&A
¥282M
¥291M
¥147M
¥198M
¥201M
Goodwill Amort.
—
—
—
¥1M
¥5M
Investing CF
¥-1.3B
¥-5.0B
¥-3.8B
¥-2.1B
¥-733M
CapEx
¥946M
¥5.5B
¥4.8B
¥1.7B
¥339M
Purchase Investments
¥-62M
¥-42M
—
¥-27M
¥-130M
Proceeds from Invest.
¥20M
¥6M
¥248M
¥96M
¥33M
Financing CF
¥-776M
¥2.1B
¥3.8B
¥-689M
¥280M
Dividends Paid
¥-59M
¥-29M
¥-0M
¥-59M
¥-56M
Share Buybacks
¥-147M
—
¥-0M
¥-65M
—
LT Debt Repaid
¥-2.0B
¥-2.5B
¥-664M
¥-3.1B
¥-1.3B
Free Cash Flow
¥1.4B
¥-2.3B
¥-5.0B
¥1.2B
¥642M
Net Change in Cash
¥279M
¥295M
¥-262M
¥83M
¥529M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
-1.9%
4.4%
2.5%
-1.6%
1.9%
ROA
-0.5%
1.2%
0.8%
-0.6%
0.7%
EPS
¥-2.90
¥6.23
¥3.37
¥-2.25
¥2.48
DPS
¥2.00
¥2.00
¥1.00
—
¥2.00
BPS
¥149.67
¥142.71
¥137.64
¥134.32
¥139.96
FCF/Share
¥45
¥-79
¥-172
¥42
¥22
NCAV/Share
¥-274
¥-335
¥-288
¥-148
¥-182
Payout Ratio
—
32.1%
29.7%
—
80.6%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 46
Date Activist Stake Event Flag Demands Source
2026-05-22
TOTAL NETWORK HOLDINGS LIMITED
7.6%
correction
Passive
—
2026-05-15
TOTAL NETWORK HOLDINGS LIMITED
7.6%
-2.47%
change
Passive
—
2026-04-13
Porte, Inc.
14.64%
-1.02%
change
Passive
—
2026-04-03
TOTAL NETWORK HOLDINGS LIMITED
14.07%
change
Passive
—
2026-04-03
TOTAL NETWORK HOLDINGS LIMITED
10.07%
-4.0%
change
Passive
—
2026-03-06
Art Port Invest, Inc.
36.05%
+1.23%
change
Passive
—
2025-12-16
Art Port Invest, Inc.
34.82%
correction
Passive
—
2025-12-15
Art Port Invest, Inc.
34.82%
+2.01%
change
Passive
—
2025-11-04
Art Port Invest, Inc.
32.81%
+1.09%
change
Passive
—
2025-10-07
Hong Kong Sunlight House Limited
4.23%
correction
Passive
—
2025-10-06
Hong Kong Sunlight House Limited
4.23%
-1.98%
change
Passive
—
2025-10-06
Art Port Invest, Inc.
31.72%
+1.04%
change
Passive
—
2025-09-17
Hong Kong Sunlight House Limited
6.21%
-1.07%
change
Passive
—
2025-09-17
Hong Kong Sunlight House Limited
7.28%
change
Passive
—
2025-09-17
Hong Kong Sunlight House Limited
6.21%
-1.07%
correction
Passive
—
2025-08-07
Art Port Invest, Inc.
30.68%
change
Passive
—
2025-07-25
Hong Kong Sunlight House Limited
28.08%
-0.52%
correction
Passive
—
2025-07-24
Hong Kong Sunlight House Limited
28.6%
+21.32%
correction
Passive
—
2025-07-23
TOTAL NETWORK HOLDINGS LIMITED
15.07%
-1.2%
change
Passive
—
2025-07-23
Hong Kong Sunlight House Limited
7.28%
initial_5pct
Passive
—
2025-07-22
Porte, Inc.
15.66%
-1.87%
change
Passive
—
2025-07-18
TOTAL NETWORK HOLDINGS LIMITED
16.27%
-1.01%
change
Passive
—
2025-06-24
TOTAL NETWORK HOLDINGS LIMITED
17.28%
-1.11%
change
Passive
—
2025-06-12
Porte, Inc.
17.53%
-1.06%
change
Passive
—
2025-05-09
TOTAL NETWORK HOLDINGS LIMITED
18.39%
correction
Passive
—
2025-05-02
TOTAL NETWORK HOLDINGS LIMITED
18.39%
change
Passive
—
2024-12-18
Porte, Inc.
18.59%
+1.01%
change
Passive
—
2024-12-06
Porte, Inc.
17.58%
correction
Passive
—
2024-11-22
Porte, Inc.
17.58%
+1.21%
change
Passive
—
2024-09-05
JKMT Finance, Inc.
4.04%
-2.77%
change
Passive
—
2024-08-07
Porte, Inc.
16.37%
+1.02%
change
Passive
—
2024-07-05
JKMT Finance, Inc.
6.81%
-1.0%
change
Passive
—
2024-05-16
JKMT Finance, Inc.
7.81%
-1.01%
change
Passive
—
2024-03-29
JKMT Finance, Inc.
8.82%
-1.07%
change
Passive
—
2024-02-19
Porte, Inc.
15.35%
+1.09%
change
Passive
—
2024-02-01
JKMT Finance, Inc.
9.89%
correction
Passive
—
2024-01-31
JKMT Finance, Inc.
9.89%
-1.05%
change
Passive
—
2024-01-05
JKMT Finance, Inc.
10.94%
-1.06%
change
Passive
—
2023-12-22
JKMT Finance, Inc.
12.0%
-2.04%
change
Passive
—
2023-12-05
JKMT Finance, Inc.
14.04%
+1.03%
correction
Passive
—
2023-12-01
JKMT Finance, Inc.
13.01%
-1.03%
change
Passive
—
2023-11-09
JKMT Finance, Inc.
14.04%
-1.0%
change
Passive
—
2023-10-20
Porte, Inc.
14.26%
+1.0%
change
Passive
—
2023-08-17
Porte, Inc.
13.26%
+1.04%
change
Passive
—
2023-07-19
JKMT Finance, Inc.
15.04%
change
Passive
—
2023-07-06
Porte, Inc.
12.22%
change
Passive
—
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
アートポートインベスト株式会社
10,196
32.80%
2
株式会社ぽると
4,885
15.72%
3
TOTAL NETWORK HOLDINGS LIMITED (常任代理人 三浦法律事務所 弁護士 寺田 昌弘)
4,585
14.75%
4
PHILLIP SECURITIES(HONG KONG)LIMITED(常任代理人 信田 淳)
913
2.94%
5
株式会社Colors Japan
661
2.13%
6
KGI ASIA LIMITED-CLIENT ACCOUNT(常任代理人 香港上海銀行東京支店)
338
1.09%
7
戸谷 松一
300
0.97%
8
株式会社ケイ・アイ・シー
250
0.80%
9
KAY LEO BROTHERS LIMITED(常任代理人 山内 真澄)
200
0.64%
10
野村證券株式会社
175
0.57%
Domestic Nominees
0.0%
+0.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
72.4%
-5.5% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2023
2024
2025
アートポートインベスト
33.33%
33.33%
33.33%
32.80%
-0.53%
式会社ぽると
10.88%
14.60%
17.30%
15.72%
-1.58%
TOTAL NETWORK HOLDINGS LIMITED
NEW ENTRY
—
—
—
—
14.75%
NEW
PHILLIP SECURITIES(HONG KONG)LIMITED
NEW ENTRY
—
—
—
—
2.94%
NEW
式会社Colors Japan
—
—
2.26%
2.13%
-0.13%
KGI ASIA LIMITED-CLIENT ACCOUNT
NEW ENTRY
—
—
—
—
1.09%
NEW
戸谷 松一
NEW ENTRY
—
—
—
—
0.97%
NEW
式会社ケイ・アイ・シー
0.85%
0.85%
0.85%
0.80%
-0.05%
KAY LEO BROTHERS LIMITED
NEW ENTRY
—
—
—
—
0.64%
NEW
野村證券
NEW ENTRY
—
—
—
—
0.57%
NEW
トータルネットワークホールディングスリミテッド
last seen 2024
Exited Top 10
18.54%
18.54%
18.54%
—
式会社JKMTファイナンス
last seen 2024
Exited Top 10
15.64%
14.24%
3.08%
—
ビ-エヌワイエム エスエ-エヌブイ ビ-エヌワイ エム ジ-シ-エム クライアント アカウンツ エム エルエスシービー アールディ
last seen 2024
Exited Top 10
—
—
0.79%
—
ホワイトナイト インベストメント リミテッド
last seen 2024
Exited Top 10
0.68%
0.68%
0.68%
—
Morgan Stanley
last seen 2024
Exited Top 10
0.79%
0.76%
0.63%
—
JPモルガン証券
last seen 2024
Exited Top 10
—
—
0.47%
—
JPモルガン証券
last seen 2023
Exited Top 10
1.07%
0.92%
—
—
ビーエヌワイエム エスエーエヌブイ ビーエヌワイエム ジーシーエム クライアント アカウンツ エム アイエルエム エフィー
last seen 2023
Exited Top 10
0.70%
0.58%
—
—
上田八木短資
last seen 2023
Exited Top 10
0.56%
0.76%
—
—
Concentration (HHI)
ⓘ
1821
1874
1771
1557
4 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved