7938
REGAL CORPORATION
株式会社リーガルコーポレーション
Other Products
Regal Corporation manufactures, sells, and repairs various shoes for men and women. The company serves its products under the REGAL, SHETLANDFOX, KENFORD, ESSENTIAL PRODUCTS, BEAUFIT, camelot, R., REDWOOD RIVER, Clarks, POLO RALPH LAUREN, LAUREN RALPH LAUREN, CLAE, Himiko, NICAL, and other brands. It sells its products through stores and online stores. The company was formerly known as Nippon Shoe Co., Ltd. and changed its name to Regal Corporation in October 1990. Regal Corporation was incorporated in 1902 and is headquartered in Urayasu, Japan.
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⚠ TSE Capital Mandate
P / Book
0.51×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥22.9B
¥23.6B
¥23.7B
¥22.6B
¥20.8B
Cost of Sales
—
¥12.1B
¥12.5B
¥11.7B
¥11.1B
Gross Profit
—
¥11.4B
¥11.3B
¥10.8B
¥9.7B
SG&A
—
¥11.0B
¥10.7B
¥10.5B
¥9.6B
Operating Income
¥22.9B
¥397M
¥518M
¥293M
¥159M
Non-Operating Income
—
¥206M
¥174M
¥240M
¥276M
Dividend Income
—
¥132M
¥68M
¥55M
¥58M
Interest Income
—
¥1M
¥4M
¥8M
¥9M
Non-Operating Expenses
—
¥106M
¥156M
¥132M
¥136M
Interest Expense
—
¥92M
¥79M
¥85M
¥92M
Ordinary Income
¥22.9B
¥497M
¥536M
¥401M
¥299M
Pre-tax Income
—
¥793M
¥557M
¥427M
¥204M
Income Taxes
—
¥93M
¥129M
¥-63M
¥66M
Current Tax
—
¥55M
¥144M
¥119M
¥87M
Deferred Tax
—
¥38M
¥-14M
¥-182M
¥-21M
Net Income (owners)
¥1M
¥700M
¥427M
¥491M
¥138M
Minority Interest
—
—
¥0M
¥0M
¥0M
Comprehensive Income
—
¥758M
¥1.6B
¥704M
¥166M
EBITDA
—
¥813M
¥886M
¥544M
¥389M
EPS
—
¥219.41
¥133.92
¥153.78
¥43.49
Shares Outstanding
—
3.1M
3.2M
3.2M
3.2M
Shares Issued (total)
—
3.2M
3.2M
3.2M
3.2M
Treasury Shares
—
0.1M
0.1M
0.1M
0.1M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
—
¥26.3B
¥27.8B
¥27.5B
¥27.4B
Current Assets
—
¥15.0B
¥16.5B
¥17.1B
¥17.8B
Cash & Deposits
—
¥3.8B
¥5.2B
¥6.7B
¥8.0B
Trade Receivables
—
¥3.2B
¥3.7B
¥3.2B
¥3.1B
Non-Current Assets
—
¥11.3B
¥11.3B
¥10.4B
¥9.5B
PP&E
—
¥5.0B
¥5.0B
¥4.9B
¥5.3B
Intangible Assets
—
¥800M
¥934M
¥973M
¥143M
Investment Securities
—
¥3.8B
¥3.8B
¥2.5B
¥2.4B
Deferred Tax Assets
—
¥382M
¥452M
¥755M
¥591M
Total Liabilities
—
¥13.5B
¥15.3B
¥16.5B
¥17.1B
Current Liabilities
—
¥9.3B
¥12.8B
¥10.6B
¥10.6B
Accounts Payable
—
¥875M
¥1.0B
¥1.9B
¥2.3B
ST Debt
—
¥6.3B
¥9.4B
¥6.2B
¥6.5B
Taxes Payable
—
¥79M
¥153M
¥126M
¥103M
Non-Current Liabilities
—
¥4.2B
¥2.5B
¥6.0B
¥6.5B
Total LT Borrowings
—
¥2.8B
¥909M
¥4.3B
¥4.8B
Pension Obligations
—
¥997M
¥1.1B
¥1.4B
¥1.4B
Deferred Tax Liab.
—
—
—
¥0M
¥1M
Total Equity
—
¥12.7B
¥12.4B
¥11.0B
¥10.3B
Capital Stock
—
¥5.4B
¥5.4B
¥5.4B
¥5.4B
Capital Surplus
—
¥757M
¥755M
¥755M
¥754M
Retained Earnings
—
¥4.1B
¥3.6B
¥3.4B
¥2.9B
Treasury Stock
—
¥-310M
¥-119M
¥-117M
¥-124M
AOCI
—
¥2.8B
¥2.7B
¥1.5B
¥1.3B
Equity (owners)
—
¥9.9B
¥9.6B
¥9.4B
¥8.9B
Minority Interests
—
—
¥29M
¥31M
¥29M
Total Interest-Bearing Debt ⓘ
—
¥9.1B
¥10.3B
¥10.5B
¥11.3B
Net Cash ⓘ
—
¥-5.3B
¥-5.1B
¥-3.8B
¥-3.4B
NCAV ⓘ
—
¥1.4B
¥1.1B
¥601M
¥734M
NCAV/Share
—
¥463
¥355
¥189
¥231
BV/Share
—
¥3,183
¥3,026
¥2,943
¥2,799
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
—
¥226M
¥-1.0B
¥102M
¥1.5B
Interest Paid
—
¥-94M
¥-81M
¥-85M
¥-85M
Interest Received
—
¥206M
¥72M
¥64M
¥68M
D&A
—
¥416M
¥368M
¥251M
¥230M
Investing CF
—
¥183M
¥-296M
¥-485M
¥45M
CapEx
—
¥175M
¥374M
¥57M
¥88M
Purchase Investments
—
¥-5M
¥-6M
¥-10M
¥-10M
Proceeds from Invest.
—
¥370M
¥72M
¥101M
¥5M
Financing CF
—
¥-1.7B
¥-186M
¥-884M
¥-593M
Dividends Paid
—
¥-217M
¥-158M
¥-32M
¥0M
Share Buybacks
—
¥-223M
¥0M
¥0M
¥0M
LT Debt Repaid
—
¥-4.2B
¥-678M
¥-620M
¥-501M
Free Cash Flow
—
¥51M
¥-1.4B
¥45M
¥1.5B
Net Change in Cash
—
¥-1.3B
¥-1.5B
¥-1.2B
¥1.1B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
—
5.6%
3.7%
4.7%
1.4%
ROA
—
2.6%
1.5%
1.8%
0.5%
EPS
—
¥219.41
¥133.92
¥153.78
¥43.49
DPS
—
¥75.00
¥68.00
¥50.00
¥10.00
BPS
—
¥4,065.07
¥3,873.88
¥3,410.71
¥3,201.58
FCF/Share
—
¥16
¥-447
¥14
¥457
NCAV/Share
—
¥463
¥355
¥189
¥231
Payout Ratio
—
34.2%
50.8%
32.5%
23.0%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 6
Date Activist Stake Event Flag Demands Source
2026-04-16
Nippi,Incorporated
13.69%
-0.64%
change
Passive
—
2025-12-05
Mizuho Bank, Ltd.
5.07%
+1.9%
initial_5pct
Passive
—
2025-11-25
Nippi,Incorporated
14.33%
change
Passive
—
2025-08-22
Mizuho Bank, Ltd.
3.17%
change
Passive
—
2024-09-24
SBI SECURITIES Co.,Ltd.
0.9%
-4.57%
change
Passive
—
2024-04-19
SBI SECURITIES Co.,Ltd.
5.47%
initial_5pct
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-14
15:30
Div Cut
¥223M ¥75.0/sh
+0%
Regal CORPORATION board resolved on a dividend of ¥75 per share (¥223 million total) for fiscal year ending March 31, 20…
Summary
Regal CORPORATION board resolved on a dividend of ¥75 per share (¥223 million total) for fiscal year ending March 31, 2026, unchanged from the prior year despite significant operational deterioration. However, this represents an implicit cut as the company posted operating and ordinary losses and funded dividends primarily through strategic equity sales rather than operating profits. The company maintained its dividend guidance while undergoing structural reforms to improve future earnings.
YoY: +0%
Source (JP)
当期の業績につきましては、営業損失、経常損失の計上となりました。...政策保有株式の売却等により財務基盤および十分な配当原資が確保されていること...1株当たり配当金につきましては、直近の配当予想から変更せず、前期と同額の75円とすることといたしました。
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 15
#
Shareholder
Shares (thou.)
% of Total
1
Nippi,Incorporated
株式会社ニッピ
465
14.85%
2
平和株式会社
159
5.07%
3
Mizuho Trust & Banking
みずほ信託銀行株式会社
137
4.38%
4
中央建物株式会社
108
3.44%
5
Business Partner Stock Ownership Plan
リーガル取引先持株会
104
3.34%
6
WA,Inc.
株式会社ダブルエー
100
3.19%
7
Mizuho Bank
株式会社みずほ銀行
68
2.19%
8
ミツワ産業株式会社
59
1.88%
9
株式会社イオスビジネスハウス
50
1.60%
10
株式会社三井住友銀行
50
1.59%
Domestic Nominees
4.4%
+0.1% 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
37.1%
+0.1% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Nippi,Incorporated
式会社ニッピ
14.55%
14.56%
14.85%
+0.29%
平和
4.97%
4.97%
5.07%
+0.10%
Mizuho Trust & Banking
みずほ信託銀行
4.30%
4.30%
4.38%
+0.08%
中央建物
3.38%
3.38%
3.44%
+0.06%
Business Partner Stock Ownership Plan
リーガル取引先持株会
3.20%
3.15%
3.34%
+0.19%
WA,Inc.
式会社ダブルエー
↑
1.58%
2.07%
3.19%
+1.12%
Mizuho Bank
みずほ銀行
2.15%
2.15%
2.19%
+0.04%
ミツワ産業
1.84%
1.84%
1.88%
+0.04%
式会社イオスビジネスハウス
NEW ENTRY
—
—
—
1.60%
NEW
三井住友銀行
NEW ENTRY
—
—
—
1.59%
NEW
Aioi Nissay Dowa Insurance Co.
あいおいニッセイ同和損害保険
last seen 2024
Exited Top 10
2.49%
2.49%
—
MUFG Bank
式会社三菱UFJ銀行
last seen 2024
Exited Top 10
2.46%
2.46%
—
Concentration (HHI)
ⓘ
299
301
312
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥3,623M
+53% since 2023
Holdings
15
4 exited
Trend
2 unwinding
vs 2023
Held Company
FY2025
¥3,623M total
FY2023
¥2,370M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Nippi,Incorporated
㈱ニッピ
2,372
415,545
1,579
415,545
M
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
755
-22.6%
↓
375,900
411
485,900
M
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
348
85,996
161
85,996
M
The Chiba Bank, Ltd.
㈱千葉銀行
69
50,000
42
50,000
M
譬ェ蠑丈シ夂、セ繧√�カ縺阪ヵ繧」繝翫Φ繧キ繝」繝ォ繧ー繝ォ繝シ繝�
㈱めぶきフィナンシャルグループ
20
-66.2%
↓
28,070
26
83,070
M
starts corporation inc.
スターツコーポレーション㈱
20
5,200
13
5,200
M
TSI HOLDINGS CO., LTD.
㈱TSIホールディングス
18
16,500
10
16,500
ORIENTAL LAND CO.,LTD.
㈱オリエンタルランド
14
+465.0%
↑
4,774
19
845
MATSUYA CO., LTD.
㈱松屋
7
+20.3%
↑
7,406
6
6,156
Tokyo Tatemono Co., Ltd.
東京建物㈱
—
—
GFOOT CO.,LTD.
㈱ジーフット
—
—
taisei corporation
大成建設㈱
—
—
J.フロントリテイリング㈱
—
—
CHIYODA CO.,LTD
㈱チヨダ
—
—
Showa Holdings Co.,Ltd.
昭和ホールディングス㈱
—
—
Resona Holdings, Inc.
㈱りそなホールディングス
—
−100%
Exit
—
11
17,743
㈱コンコルディア・フィナンシャルグループ
—
−100%
Exit
—
6
13,525
MS&AD Insurance Group Holdings, Inc.
MS&ADインシュアランスグループホールディングス㈱
—
−100%
Exit
—
32
8,016
M
Isetan Mitsukoshi Holdings Ltd.
㈱三越伊勢丹ホールディングス
—
−100%
Exit
—
54
36,611
M
Portfolio total
3,623
2,370
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding