8167
RETAIL PARTNERS CO., LTD.
株式会社リテールパートナーズ
Retail Trade
Retail Partners Co., Ltd. manages and operates supermarkets in Japan. The company was formerly known as Marukyu Co., Ltd. and changed its name to Retail Partners Co., Ltd. in July 2015. Retail Partners Co., Ltd. was incorporated in 1954 and is headquartered in Hofu, Japan.
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⚠ TSE Capital Mandate
P / Book
0.59×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
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FY 2023
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FY 2022
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FY 2021
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Net Sales
¥268.3B
¥257.1B
¥243.5B
¥226.7B
¥236.8B
Cost of Sales
¥204.1B
¥195.8B
¥184.2B
¥172.1B
¥179.7B
Gross Profit
¥64.2B
¥61.3B
¥59.2B
¥54.7B
¥57.1B
SG&A
¥67.6B
¥64.1B
¥61.2B
¥57.4B
¥54.5B
Operating Income
¥6.5B
¥6.8B
¥6.7B
¥5.3B
¥5.4B
Non-Operating Income
¥1.3B
¥1.3B
¥1.1B
¥993M
¥1.0B
Dividend Income
¥336M
¥323M
¥244M
¥216M
¥227M
Interest Income
¥49M
¥13M
¥7M
¥7M
¥13M
Non-Operating Expenses
¥164M
¥116M
¥106M
¥95M
¥196M
Interest Expense
¥108M
¥63M
¥60M
¥56M
¥57M
Ordinary Income
¥7.6B
¥8.0B
¥7.7B
¥6.2B
¥6.2B
Pre-tax Income
¥7.2B
¥7.6B
¥6.9B
¥4.6B
¥5.1B
Income Taxes
¥2.1B
¥2.4B
¥2.2B
¥1.7B
¥1.7B
Current Tax
¥2.2B
¥2.2B
¥2.3B
¥1.9B
¥1.7B
Deferred Tax
¥-141M
¥211M
¥-111M
¥-166M
¥-28M
Net Income (owners)
¥5.1B
¥5.2B
¥4.7B
¥2.9B
¥3.4B
Comprehensive Income
¥8.9B
¥5.0B
¥7.1B
¥2.9B
¥3.5B
EBITDA
¥10.8B
¥11.0B
¥10.9B
¥9.3B
¥9.4B
Goodwill Amort. (J-GAAP)
¥120M
¥120M
¥111M
¥83M
¥67M
EPS
¥119.70
¥121.75
¥109.87
¥66.78
¥76.89
Shares Outstanding
42.9M
42.9M
42.9M
43.1M
43.8M
Shares Issued (total)
46.6M
46.6M
46.6M
46.6M
46.6M
Treasury Shares
3.7M
3.7M
3.7M
3.5M
2.8M
Metric
FY 2025
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FY 2024
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FY 2023
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FY 2022
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FY 2021
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Total Assets
¥136.2B
¥127.0B
¥126.2B
¥117.2B
¥114.4B
Current Assets
¥41.2B
¥38.4B
¥37.3B
¥32.9B
¥31.9B
Cash & Deposits
¥25.9B
¥24.4B
¥24.0B
¥20.1B
¥20.2B
Trade Receivables
¥3.7B
¥3.3B
¥2.9B
—
—
Inventories
¥9.3B
¥8.6B
¥8.1B
¥7.6B
¥7.1B
Non-Current Assets
¥95.1B
¥88.6B
¥88.9B
¥84.4B
¥82.4B
PP&E
¥67.4B
¥64.8B
¥64.8B
¥63.4B
¥61.6B
Goodwill
¥599M
¥719M
¥841M
¥572M
¥655M
Intangible Assets
¥2.0B
¥1.8B
¥1.8B
¥1.5B
¥1.5B
Investment Securities
¥17.0B
¥12.1B
¥12.0B
¥9.2B
¥9.2B
Deferred Tax Assets
¥2.4B
¥3.6B
¥3.8B
¥4.1B
¥3.9B
Total Liabilities
¥44.5B
¥42.4B
¥45.3B
¥42.1B
¥40.3B
Current Liabilities
¥34.4B
¥32.5B
¥33.6B
¥29.7B
¥28.4B
Accounts Payable
—
—
—
¥13.8B
¥13.7B
ST Debt
¥8.8B
¥8.0B
¥7.8B
¥7.3B
¥7.1B
Taxes Payable
¥1.4B
¥1.3B
¥1.7B
¥1.2B
¥730M
Non-Current Liabilities
¥10.2B
¥9.9B
¥11.7B
¥12.4B
¥11.9B
Total LT Borrowings
¥4.9B
¥4.7B
¥6.4B
¥6.9B
¥6.2B
Pension Obligations
¥60M
¥112M
¥90M
¥132M
¥147M
Deferred Tax Liab.
¥261M
—
—
—
—
Total Equity
¥91.7B
¥84.7B
¥81.0B
¥75.2B
¥74.1B
Capital Stock
¥7.2B
¥7.2B
¥7.2B
¥7.2B
¥7.2B
Capital Surplus
¥19.6B
¥19.6B
¥19.6B
¥19.6B
¥19.6B
Retained Earnings
¥64.3B
¥61.0B
¥57.1B
¥53.3B
¥51.4B
Treasury Stock
¥-4.5B
¥-4.6B
¥-4.6B
¥-4.3B
¥-3.4B
AOCI
¥5.2B
¥1.4B
¥1.7B
¥-691M
¥-682M
Equity (owners)
¥86.5B
¥83.2B
¥79.3B
¥75.8B
¥74.8B
Total Interest-Bearing Debt ⓘ
¥13.7B
¥12.7B
¥14.3B
¥14.2B
¥13.3B
Net Cash ⓘ
¥12.1B
¥11.7B
¥9.7B
¥5.9B
¥6.8B
NCAV ⓘ
¥-3.4B
¥-4.0B
¥-7.9B
¥-9.2B
¥-8.3B
NCAV/Share
¥-79
¥-92
¥-185
¥-214
¥-190
BV/Share
¥2,015
¥1,939
¥1,847
¥1,758
¥1,706
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
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FY 2021
EDINET ↗
Operating CF
¥9.6B
¥8.8B
¥11.5B
¥8.2B
¥5.0B
Interest Paid
¥-112M
¥-66M
¥-61M
¥-56M
¥-57M
Interest Received
¥365M
¥327M
¥246M
¥222M
¥238M
D&A
¥4.3B
¥4.1B
¥4.0B
¥3.9B
¥3.9B
Goodwill Amort.
¥120M
¥120M
¥111M
¥83M
¥67M
Investing CF
¥-6.6B
¥-5.9B
¥-5.1B
¥-6.9B
¥-6.8B
Purchase Investments
¥-207M
¥-306M
¥-214M
¥-102M
¥-376M
Financing CF
¥-2.2B
¥-3.7B
¥-2.7B
¥-1.4B
¥-1.4B
Dividends Paid
¥-1.9B
¥-1.3B
¥-990M
¥-965M
¥-921M
Share Buybacks
¥0M
¥0M
¥-300M
¥-900M
¥-0M
LT Debt Repaid
¥-2.0B
¥-1.8B
¥-2.0B
¥-1.7B
¥-1.8B
Free Cash Flow
¥9.6B
¥8.8B
¥11.5B
¥8.2B
¥5.0B
Net Change in Cash
¥799M
¥-772M
¥3.7B
¥-54M
¥-3.2B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
5.8%
6.3%
6.0%
3.9%
4.6%
ROA
3.9%
4.1%
3.9%
2.5%
2.9%
EPS
¥119.70
¥121.75
¥109.87
¥66.78
¥76.89
DPS
¥40.00
¥38.00
¥28.00
¥22.00
¥22.00
BPS
¥2,135.91
¥1,972.76
¥1,886.74
¥1,742.24
¥1,690.45
FCF/Share
¥224
¥206
¥268
¥190
¥114
NCAV/Share
¥-79
¥-92
¥-185
¥-214
¥-190
Payout Ratio
33.4%
31.2%
25.5%
32.9%
28.6%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 6
Date Activist Stake Event Flag Demands Source
2026-02-24
Ikedakousann Corporation
7.14%
change
Passive
—
2026-02-24
Ikedakousann Corporation
7.14%
correction
Passive
—
2025-11-20
Ikedakousann Corporation
7.14%
-0.85%
change
Passive
—
2024-11-05
Ikedakousann Corporation
7.99%
change
Passive
—
2024-02-13
Marukyukyoeikai chairman Kaneko Mitsuo
—
correction
Passive
—
2023-10-17
Marukyukyoeikai chairman Kaneko Mitsuo
—
exit
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 2
#
Shareholder
Shares (thou.)
% of Total
1
ARCS COMPANY,LIMITED
株式会社アークス
3,136
7.30%
2
VALOR HOLDINGS CO.,LTD.
株式会社バローホールディングス
3,136
7.30%
3
池田興産有限会社
2,800
6.52%
4
Japan Master Trust Bank
日本マスタートラスト信託銀行 株式会社(信託口)
2,751
6.40%
5
株式会社山口銀行
1,411
3.28%
6
株式会社西日本シティ銀行
1,215
2.82%
7
Business Partner Stock Ownership Plan
マルキョウ取引先持株会
1,013
2.36%
8
ヤマエ久野株式会社
1,000
2.32%
9
丸久共栄会
974
2.26%
10
宮野 美代子
955
2.22%
Domestic Nominees
6.4%
+0.2% 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
36.4%
-2.4% vs 2025
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
2026
ARCS COMPANY,LIMITED
式会社アークス
7.27%
7.30%
7.30%
7.30%
VALOR HOLDINGS CO.,LTD.
式会社バローホールディングス
7.27%
7.30%
7.30%
7.30%
池田興産有限会社
5.23%
5.26%
5.26%
6.52%
+1.26%
Japan Master Trust Bank
日本マスタートラスト信託銀行
6.05%
5.80%
6.15%
6.40%
+0.25%
式会社山口銀行
3.27%
3.28%
3.28%
3.28%
式会社西日本シティ銀行
2.81%
2.83%
2.83%
2.82%
-0.01%
Business Partner Stock Ownership Plan
マルキョウ取引先持株会
2.24%
2.29%
2.34%
2.36%
+0.02%
ヤマエ久野
2.31%
2.32%
2.32%
2.32%
丸久共栄会
5.08%
4.87%
4.75%
2.26%
-2.49%
宮野 美代子
NEW ENTRY
—
—
—
—
2.22%
NEW
齊田キミヨ
last seen 2025
Exited Top 10
3.40%
3.42%
3.41%
—
Concentration (HHI)
ⓘ
236
233
236
230
4 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥6,574M
+23% since 2023
Holdings
2
Trend
Stable
vs 2023
Held Company
FY2025
¥6,574M total
FY2023
¥5,366M total
Book Val ¥M
Shares
Book Val ¥M
Shares
ARCS COMPANY,LIMITED
㈱アークス
3,723
1,335,000
2,894
1,335,000
M
VALOR HOLDINGS CO.,LTD.
㈱バローホールディングス
2,851
1,260,000
2,472
1,260,000
M
Portfolio total
6,574
5,366
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding