3415
TOKYO BASE Co., Ltd.
株式会社TOKYO BASE
Consumer Cyclical · Apparel Retail
TOKYO BASE Co.,Ltd. provides clothing products in Japan. The company operates stores under the STUDIOUS, THE TOKYO, UNITED TOKYO, PUBLIC TOKYO, CITY TOKYO, CONZ, RITAN, and JAPAN EDITION brand names. It offers its products through physical and online stores. The company was formerly known as Studious Co., Ltd. and changed its name to TOKYO BASE Co., Ltd. in June 2016. TOKYO BASE Co.,Ltd. was incorporated in 2008 and is headquartered in Tokyo, 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
¥23.7B
¥20.2B
¥20.0B
¥19.2B
¥17.6B
Cost of Sales
¥11.4B
¥9.8B
¥10.0B
¥9.6B
¥8.4B
Gross Profit
¥12.3B
¥10.4B
¥10.0B
¥9.6B
¥9.3B
SG&A
¥10.3B
¥9.0B
¥9.1B
¥9.4B
¥8.3B
Operating Income
¥2.0B
¥1.5B
¥881M
¥215M
¥947M
Non-Operating Income
¥27M
¥41M
¥280M
¥110M
¥180M
Non-Operating Expenses
¥94M
¥38M
¥39M
¥59M
¥45M
Interest Expense
¥55M
¥31M
¥35M
¥56M
¥40M
Ordinary Income
¥1.9B
¥1.5B
¥1.1B
¥265M
¥1.1B
Pre-tax Income
¥1.8B
¥1.2B
¥853M
¥-209M
¥1.1B
Income Taxes
¥564M
¥467M
¥517M
¥330M
¥315M
Current Tax
¥621M
¥435M
¥535M
¥339M
¥333M
Deferred Tax
¥-56M
¥32M
¥-18M
¥-8M
¥-19M
Net Income (owners)
¥1.2B
¥777M
¥335M
¥-540M
¥763M
Comprehensive Income
¥1.3B
¥660M
¥236M
¥-536M
¥769M
EBITDA
¥2.5B
¥1.9B
¥1.8B
¥1.4B
¥1.7B
EPS
¥27.81
¥17.85
¥7.31
¥-11.76
¥17.15
Shares Outstanding
44.0M
43.5M
46.0M
45.9M
45.9M
Shares Issued (total)
44.0M
43.5M
46.0M
48.5M
48.5M
Treasury Shares
—
—
—
2.6M
2.6M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥14.9B
¥11.5B
¥11.9B
¥11.2B
¥11.5B
Current Assets
¥10.1B
¥8.3B
¥8.7B
¥6.5B
¥6.5B
Cash & Deposits
¥4.4B
¥3.7B
¥4.2B
¥2.5B
¥3.1B
Trade Receivables
¥1.6B
¥1.4B
¥1.0B
¥1.2B
¥1.0B
Inventories
¥3.7B
¥2.9B
¥3.1B
¥2.6B
¥2.1B
Non-Current Assets
¥4.7B
¥3.1B
¥3.2B
¥4.7B
¥5.1B
PP&E
¥2.5B
¥1.4B
¥1.7B
¥3.1B
¥3.4B
Intangible Assets
¥28M
¥25M
¥38M
¥65M
¥77M
Deferred Tax Assets
¥165M
¥108M
¥141M
¥123M
¥114M
Total Liabilities
¥8.6B
¥6.3B
¥6.4B
¥5.8B
¥5.6B
Current Liabilities
¥7.0B
¥4.8B
¥4.3B
¥4.6B
¥4.2B
ST Debt
¥3.9B
¥2.3B
¥2.3B
¥1.9B
¥1.2B
Taxes Payable
¥463M
¥210M
¥390M
¥201M
¥315M
Non-Current Liabilities
¥1.6B
¥1.6B
¥2.0B
¥1.2B
¥1.4B
Total LT Borrowings
¥1.4B
¥1.6B
¥1.9B
¥697M
¥748M
Total Equity
¥6.3B
¥5.1B
¥5.5B
¥5.4B
¥5.9B
Capital Stock
¥683M
¥624M
¥576M
¥565M
¥565M
Capital Surplus
¥667M
¥608M
¥560M
¥863M
¥863M
Retained Earnings
¥5.1B
¥4.1B
¥4.5B
¥5.3B
¥5.8B
Treasury Stock
¥-0M
¥-0M
—
¥-1.4B
¥-1.4B
AOCI
¥-155M
¥-198M
¥-81M
¥19M
¥15M
Equity (owners)
¥6.4B
¥5.3B
¥5.6B
¥5.3B
¥5.9B
Total Interest-Bearing Debt ⓘ
¥5.3B
¥3.9B
¥4.1B
¥2.6B
¥2.0B
Net Cash ⓘ
¥-918M
¥-216M
¥49M
¥-112M
¥1.2B
NCAV ⓘ
¥1.5B
¥2.0B
¥2.3B
¥693M
¥845M
NCAV/Share
¥35
¥46
¥51
¥15
¥18
BV/Share
¥146
¥122
¥122
¥116
¥128
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥1.3B
¥1.7B
¥829M
¥64M
¥884M
Taxes Paid
—
—
—
¥-449M
¥57M
Interest Paid
¥-55M
¥-31M
¥-35M
¥-56M
¥-39M
Interest Received
¥5M
¥1M
¥0M
¥0M
¥1M
D&A
¥537M
¥468M
¥954M
¥1.1B
¥740M
Investing CF
¥-1.7B
¥-758M
¥-115M
¥-731M
¥-1.6B
CapEx
¥1.1B
¥418M
¥105M
¥762M
¥969M
Financing CF
¥1.1B
¥-1.5B
¥935M
¥-4M
¥1.2B
Dividends Paid
¥-217M
¥-183M
¥-91M
—
—
Share Buybacks
—
¥-1.0B
—
—
—
LT Debt Repaid
¥-2.1B
¥-1.6B
¥-1.0B
¥-1.2B
¥-1.3B
Free Cash Flow
¥204M
¥1.3B
¥724M
¥-697M
¥-85M
Net Change in Cash
¥728M
¥-494M
¥1.7B
¥-641M
¥540M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
21.3%
14.6%
6.2%
-9.6%
16.8%
ROA
9.2%
6.7%
2.9%
-4.7%
6.6%
EPS
¥27.81
¥17.85
¥7.31
¥-11.76
¥17.15
DPS
¥6.00
¥5.00
¥4.00
¥2.00
—
BPS
¥142.16
¥117.28
¥120.22
¥116.83
¥128.59
FCF/Share
¥5
¥31
¥16
¥-15
¥-2
NCAV/Share
¥35
¥46
¥51
¥15
¥18
Payout Ratio
21.6%
28.0%
54.7%
—
—
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 42
Date Activist Stake Event Flag Demands Source
2026-05-22
Goldman Sachs International
4.26%
-1.66%
change
Passive
—
2026-05-21
Nomura Asset Management Co., Ltd.
4.26%
-1.19%
change
Passive
—
2026-04-22
Goldman Sachs International
5.92%
+1.62%
initial_5pct
Passive
—
2026-03-19
Nomura Asset Management Co., Ltd.
5.45%
+0.41%
initial_5pct
Passive
—
2026-02-06
Nomura Securities Co.,Ltd.
4.47%
change
Passive
—
2025-12-11
Masato Tani
36.37%
-0.33%
change
Passive
—
2025-12-10
TANI MASATO
36.37%
correction
Passive
—
2025-12-09
TANI MASATO
36.37%
initial_5pct
Passive
—
2025-12-05
Nomura Asset Management Co., Ltd.
5.04%
initial_5pct
Passive
—
2025-12-05
Goldman Sachs International
4.3%
-1.05%
change
Passive
—
2025-10-02
HIDEKI NAKAMIZU
4.45%
-1.02%
change
Passive
—
2025-09-05
Goldman Sachs International
5.35%
initial_5pct
Passive
—
2025-09-04
HIDEKI NAKAMIZU
5.47%
change
Passive
—
2025-09-04
HIDEKI NAKAMIZU
5.47%
correction
Passive
—
2025-07-31
HIDEKI NAKAMIZU
8.65%
correction
Passive
—
2025-07-31
HIDEKI NAKAMIZU
7.6%
-1.05%
correction
Passive
—
2025-07-23
HIDEKI NAKAMIZU
7.49%
-1.16%
change
Passive
—
2025-06-24
HIDEKI NAKAMIZU
8.65%
-1.28%
change
Passive
—
2025-06-20
Sumitomo Mitsui DS Asset Management Company, Limited
3.66%
-1.39%
change
Passive
—
2025-05-27
HIDEKI NAKAMIZU
11.2%
change
Passive
—
2025-05-27
HIDEKI NAKAMIZU
9.93%
-1.27%
change
Passive
—
2025-04-18
HIDEKI NAKAMIZU
11.2%
-1.11%
change
Passive
—
2025-04-07
Sumitomo Mitsui DS Asset Management Company, Limited
5.05%
initial_5pct
Passive
—
2025-02-21
SMBC Nikko Securities Inc.
3.99%
-1.73%
change
Passive
—
2025-02-13
HIDEKI NAKAMIZU
12.31%
-1.24%
change
Passive
—
2025-01-10
SMBC Nikko Securities Inc.
5.72%
+0.47%
change
Passive
—
2024-12-17
HIDEKI NAKAMIZU
13.55%
-1.18%
change
Passive
—
2024-11-29
HIDEKI NAKAMIZU
14.73%
correction
Passive
—
2024-11-08
SMBC Nikko Securities Inc.
5.25%
initial_5pct
Passive
—
2024-11-08
HIDEKI NAKAMIZU
14.73%
-1.52%
change
Passive
—
2024-08-08
HIDEKI NAKAMIZU
16.25%
-0.07%
change
Passive
—
2024-07-05
Masato Tani
36.7%
correction
Passive
—
2024-06-28
HIDEKI NAKAMIZU
16.32%
-1.05%
change
Passive
—
2024-06-21
Masato Tani
36.7%
+3.95%
change
Passive
—
2024-04-03
Meiji Yasuda Asset Management Company Ltd.
2.76%
-2.79%
change
Passive
—
2024-04-02
HIDEKI NAKAMIZU
17.37%
+3.14%
correction
Passive
—
2024-03-29
HIDEKI NAKAMIZU
14.23%
change
Passive
—
2023-12-01
Meiji Yasuda Asset Management Company Ltd.
5.55%
initial_5pct
Passive
—
2023-09-25
FIL Investments (Japan) Limited
4.62%
-1.34%
change
Passive
—
2023-08-22
FIL Investments (Japan) Limited
5.96%
-2.16%
change
Passive
—
2023-08-07
FIL Investments (Japan) Limited
8.12%
change
Passive
—
2023-06-21
Masato Tani
32.75%
change
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-18
15:30
Buyback
¥500M 3.4%
TOKYO BASE (TSE Prime 3415) board authorized share repurchase of up to 1.5 million shares (3.4% of outstanding) for maxi…
Summary
TOKYO BASE (TSE Prime 3415) board authorized share repurchase of up to 1.5 million shares (3.4% of outstanding) for maximum ¥500 million through market purchases from May 19 to June 30, 2026. The buyback aims to enhance shareholder returns and improve capital efficiency while considering future investment plans and financial position.
Deadline: 2026-06-30
% of Shares: 3.4%
Shares: 1,500,000
Source (JP)
株主還元の充実および資本効率の向上を図るため、今後の投資計画及び財政状態、資本構成等を総合的に勘案して、⾃⼰株式の取得を実施いたします。
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
谷 正人
10,137,500
23.06%
2
株式会社MT7
3,048,000
6.93%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行(信託口)
2,917,600
6.63%
4
株式会社K Asset Management
1,731,400
3.93%
5
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)(常任代理人株式会社三菱UFJ銀行)
1,562,934
3.55%
6
THE NOMURA TRUST AND BANKING CO., LTD. AS THE TRUSTEE OF REPURCHASE AGREEMENT MOTHER FUND(常任代理人シティバンク、エヌ・エイ東京支店)
852,800
1.93%
7
上田八木短資株式会社
788,600
1.79%
8
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
726,600
1.65%
9
GOLDMAN SACHS INTERNATIONAL(常任代理人ゴールドマン・サックス証券株式会社)
561,351
1.27%
10
中水 英紀
550,200
1.25%
Domestic Nominees
8.3%
+1.0% vs 2025
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2025
Sub-custodians for foreign asset managers
Direct / Strategic
43.7%
-6.3% vs 2025
Named entities with disclosed investment intent
Shareholder
Trend
2024
2025
2026
谷 正人
24.73%
23.97%
23.06%
-0.91%
式会社MT7
NEW ENTRY
—
—
—
6.93%
NEW
Japan Master Trust Bank
日本マスタートラスト信託銀行
9.49%
5.19%
6.63%
+1.44%
式会社K Asset Management
NEW ENTRY
—
—
—
3.93%
NEW
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)
NEW ENTRY
—
—
—
3.55%
NEW
THE NOMURA TRUST AND BANKING CO., LTD. AS THE TRUSTEE OF REPURCHASE AGREEMENT MOTHER FUND
NEW ENTRY
—
—
—
1.93%
NEW
上田八木短資
NEW ENTRY
—
—
—
1.79%
NEW
Japan Custody Bank
日本カストディ銀行
4.43%
2.10%
1.65%
-0.45%
Goldman Sachs
NEW ENTRY
—
—
—
1.27%
NEW
中水 英紀
13.09%
7.52%
1.25%
-6.27%
MT7
式会社MT7
last seen 2025
Exited Top 10
6.89%
7.28%
—
K Asset Management
式会社K Asset Management
last seen 2025
Exited Top 10
3.76%
3.98%
—
AAM
式会社AAM
last seen 2025
Exited Top 10
3.72%
3.14%
—
Nomura Securities
野村証券
last seen 2025
Exited Top 10
—
1.48%
—
BBH LUX/BROWN BROTHERS HARRIMAN (LUXEMBOURG) SCA CUSTODIAN FOR SMD-AM FUNDS - DSBI JAPAN EQUITY SMALL CAP ABSOLUTE VALUE
BBH LUX/BROWN BROTHERS HARRIMAN (LUXEMBOURG) SCA CUSTODIAN FOR SMD-AM FUNDS - DSBI JAPAN EQUITY SMALL CAP ABSOLUTE VALUE
last seen 2025
Exited Top 10
—
1.35%
—
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)
last seen 2025
Exited Top 10
—
1.26%
—
鹿島 克美
last seen 2024
Exited Top 10
0.91%
—
—
BNYMSANV RE GCLB RE JP RD LMGC
last seen 2024
Exited Top 10
0.65%
—
—
Concentration (HHI)
ⓘ
969
747
665
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved