7806
MTG Co., Ltd.
株式会社MTG
Consumer Defensive · Household & Personal Products
MTG Co., Ltd. manufactures and sells health, beauty, and wellness products in Japan and internationally. The company offers its products under the ReFa, SIXPAD, NEWPEACE, GOTO no TSUBAKI, MEGLY, ReD, MDNA SKIN, PLOSION, ON&DO, e-3X, Style, PAO, INBEAUTE, CAXAUP, Obleu, and TAIKAN STREAM brands. It markets its products through stores, as well as online. The company was formerly known as MTG BLAZE Corporation and changed its name to MTG Co., Ltd. in August 1999. MTG Co., Ltd. was incorporated in 1996 and is headquartered in Nagoya, 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
¥98.8B
¥71.9B
¥60.2B
¥49.0B
¥42.8B
Cost of Sales
¥36.8B
¥28.8B
¥23.3B
¥17.6B
¥12.6B
Gross Profit
¥62.0B
¥43.1B
¥36.9B
¥31.4B
¥30.2B
SG&A
¥51.3B
¥39.8B
¥33.3B
¥28.2B
¥26.2B
Operating Income
¥10.7B
¥3.3B
¥3.6B
¥3.2B
¥3.9B
Non-Operating Income
¥169M
¥493M
¥626M
¥693M
¥504M
Non-Operating Expenses
¥103M
¥94M
¥55M
¥207M
¥181M
Interest Expense
¥26M
¥2M
¥0M
¥0M
¥0M
Ordinary Income
¥10.7B
¥3.7B
¥4.2B
¥3.7B
¥4.2B
Pre-tax Income
¥9.4B
¥3.2B
¥3.0B
¥3.9B
¥4.3B
Income Taxes
¥1.6B
¥1.3B
¥1.3B
¥1.4B
¥-1.3B
Current Tax
¥2.0B
¥1.3B
¥2.0B
¥1.3B
¥793M
Deferred Tax
¥-415M
¥-18M
¥-661M
¥158M
¥-2.1B
Net Income (owners)
¥7.9B
¥2.3B
¥2.0B
¥2.7B
¥5.6B
Minority Interest
¥-163M
¥-320M
¥-275M
¥-168M
¥-49M
Comprehensive Income
¥8.3B
¥2.0B
¥1.2B
¥2.2B
¥5.5B
EBITDA
¥13.1B
¥4.9B
¥4.4B
¥3.8B
¥4.5B
Goodwill Amort. (J-GAAP)
¥9M
¥1M
—
—
—
EPS
¥201.68
¥57.68
¥50.35
¥68.50
¥141.76
Shares Outstanding
39.3M
40.0M
39.4M
39.4M
39.1M
Shares Issued (total)
40.1M
40.1M
40.1M
40.1M
39.7M
Treasury Shares
0.9M
0.1M
0.7M
0.7M
0.7M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
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Total Assets
¥75.2B
¥58.5B
¥54.4B
¥49.9B
¥46.9B
Current Assets
¥44.8B
¥38.2B
¥36.5B
¥34.6B
¥32.1B
Cash & Deposits
¥11.3B
¥13.0B
¥16.1B
¥16.5B
¥15.7B
Trade Receivables
¥10.0B
¥7.0B
¥6.0B
¥4.8B
—
Non-Current Assets
¥30.4B
¥20.3B
¥18.0B
¥15.3B
¥14.8B
PP&E
¥20.2B
¥12.7B
¥10.3B
¥9.8B
¥9.9B
Goodwill
¥35M
¥44M
—
—
—
Intangible Assets
¥2.8B
¥1.4B
¥630M
¥476M
¥362M
Investment Securities
¥3.7B
¥3.2B
¥3.6B
¥2.7B
¥2.0B
Deferred Tax Assets
¥2.7B
¥2.3B
¥2.6B
¥1.9B
¥2.1B
Total Liabilities
¥24.2B
¥14.0B
¥11.7B
¥8.7B
¥8.8B
Current Liabilities
¥19.7B
¥13.2B
¥11.3B
¥8.3B
¥8.2B
Accounts Payable
¥3.9B
¥4.2B
¥1.8B
¥1.6B
¥1.7B
Taxes Payable
¥1.5B
¥954M
¥1.5B
¥964M
¥598M
Non-Current Liabilities
¥4.5B
¥741M
¥406M
¥377M
¥554M
Total LT Borrowings
¥3.7B
—
—
—
—
Total Equity
¥51.0B
¥44.5B
¥42.7B
¥41.3B
¥38.2B
Capital Stock
¥16.8B
¥16.8B
¥16.8B
¥16.8B
¥16.6B
Capital Surplus
¥15.8B
¥16.0B
¥16.2B
¥16.2B
¥15.4B
Retained Earnings
¥19.9B
¥12.5B
¥10.7B
¥9.1B
¥6.9B
Treasury Stock
¥-1.3B
¥-143M
¥-889M
¥-904M
¥-904M
AOCI
¥-219M
¥-758M
¥-824M
¥-292M
¥59M
Equity (owners)
¥51.2B
¥45.2B
¥42.8B
¥41.1B
¥38.0B
Minority Interests
¥3M
¥65M
¥779M
¥436M
¥102M
Total Interest-Bearing Debt ⓘ
¥3.7B
—
—
—
—
Net Cash ⓘ
¥7.6B
¥13.0B
¥16.1B
¥16.5B
¥15.7B
NCAV ⓘ
¥20.6B
¥24.2B
¥24.8B
¥25.9B
¥23.3B
NCAV/Share
¥525
¥606
¥628
¥659
¥597
BV/Share
¥1,304
¥1,131
¥1,085
¥1,044
¥973
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥7.8B
¥983M
¥2.7B
¥1.9B
¥3.9B
Taxes Paid
—
—
—
—
¥-209M
Interest Paid
¥-35M
¥-4M
¥0M
¥-14M
¥-8M
Interest Received
¥26M
¥27M
¥19M
¥23M
¥14M
D&A
¥2.4B
¥1.7B
¥796M
¥552M
¥588M
Goodwill Amort.
¥9M
¥1M
—
—
—
Investing CF
¥-11.3B
¥-4.5B
¥-2.8B
¥-1.9B
¥-750M
CapEx
¥8.7B
¥3.3B
¥1.2B
¥564M
¥438M
Purchase Investments
¥-312M
¥-439M
¥-1.1B
¥-903M
¥-330M
Proceeds from Invest.
¥202M
¥207M
—
¥49M
¥145M
Financing CF
¥1.9B
¥195M
¥195M
¥1.1B
¥-779M
Dividends Paid
¥-519M
¥-393M
¥-393M
¥-389M
¥0M
Share Buybacks
¥-1.2B
¥0M
¥0M
¥0M
¥-904M
LT Debt Repaid
¥-170M
¥-5M
¥-17M
¥-15M
¥-2M
Free Cash Flow
¥-821M
¥-2.3B
¥1.5B
¥1.3B
¥3.5B
Net Change in Cash
¥-1.7B
¥-3.3B
¥-391M
¥877M
¥2.2B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
16.6%
5.3%
4.8%
6.8%
15.7%
ROA
11.9%
4.0%
3.8%
5.5%
11.9%
EPS
¥201.68
¥57.68
¥50.35
¥68.50
¥141.76
DPS
¥25.00
¥13.00
¥10.00
¥10.00
¥10.00
BPS
¥1,298.25
¥1,111.65
¥1,063.78
¥1,036.89
¥974.25
FCF/Share
¥-21
¥-58
¥38
¥33
¥89
NCAV/Share
¥525
¥606
¥628
¥659
¥597
Payout Ratio
12.4%
22.5%
19.9%
14.6%
7.1%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 13
Date Activist Stake Event Flag Demands Source
2025-11-18
Tsuyoshi Matsushita
62.59%
-2.09%
change
Passive
—
2025-04-24
Tsuyoshi Matsushita
64.68%
change
Passive
—
2025-04-04
Meiji Yasuda Asset Management Company Ltd.
3.74%
-1.3%
change
Passive
—
2024-11-21
Meiji Yasuda Asset Management Company Ltd.
5.04%
initial_5pct
Passive
—
2024-11-19
Tsuyoshi Matsushita
66.56%
change
Passive
—
2024-11-19
Tsuyoshi Matsushita
64.68%
-1.88%
change
Passive
—
2024-08-19
Tsuyoshi Matsushita
66.56%
change
Passive
—
2024-08-09
Tsuyoshi Matsushita
66.56%
change
Passive
—
2024-08-06
Sumitomo Mitsui Trust Bank,Limited
3.22%
change
Passive
—
2024-08-06
Tsuyoshi Matsushita
66.56%
change
Passive
—
2024-08-02
Tsuyoshi Matsushita
67.24%
correction
Passive
—
2024-08-02
Tsuyoshi Matsushita
66.56%
-0.68%
change
Passive
—
2023-09-13
Capital Research and Management Company
3.6%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 3
#
Shareholder
Shares (thou.)
% of Total
1
松下 剛
10,988
27.97%
2
株式会社Mマネジメント
8,000
20.37%
3
株式会社Mコーポレーション
6,360
16.19%
4
MTG持株会
724
1.84%
5
エスカワゴエ株式会社
575
1.47%
6
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
505
1.29%
7
BNY Mellon (Nominee)
BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCTS M ILM FE (常任代理人 株式会社三菱UFJ銀行)
326
0.83%
8
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC) (常任代理人 株式会社三菱UFJ銀行)
322
0.82%
9
佐川印刷株式会社
293
0.75%
10
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
292
0.74%
Domestic Nominees
2.0%
-6.7% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.8%
+0.8% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
69.4%
+1.6% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
松下 剛
43.13%
27.01%
27.97%
+0.96%
式会社Mマネジメント
—
20.00%
20.37%
+0.37%
式会社Mコーポレーション
16.13%
15.90%
16.19%
+0.29%
MTG持株会
2.14%
1.92%
1.84%
-0.08%
エスカワゴエ
1.55%
1.53%
1.47%
-0.06%
日本カストディ銀行
10.07%
6.70%
1.29%
-5.41%
BNY Mellon
NEW ENTRY
—
—
—
0.83%
NEW
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)
NEW ENTRY
—
—
—
0.82%
NEW
佐川印刷
0.74%
0.73%
0.75%
+0.02%
日本マスタートラスト信託銀行
1.47%
2.03%
0.74%
-1.29%
西 智彦
last seen 2024
Exited Top 10
—
0.72%
—
本島 一
last seen 2023
Exited Top 10
0.62%
—
—
長友 孝二
last seen 2023
Exited Top 10
0.61%
—
—
川嶋 光貴
last seen 2023
Exited Top 10
0.61%
—
—
Concentration (HHI)
ⓘ
2233
1438
1469
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥143M
+134% since 2023
Holdings
3
+2 new
Trend
Stable
vs 2023
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding