9731
Hakuyosha Co.
株式会社白洋舍
Services
Hakuyosha Company, Ltd. engages in the cleaning, rental, real estate, and other businesses in Japan. It provides a range of products for home clothing care, including detergents and fabric softeners that are used in home washing machines, as well as insect repellents and clothes covers. The company also rents various linen items, including sheets, towels, tablecloths, and napkins for hotel and restaurant operations, as well as uniforms; and engages in the rental and management of real estate properties. In addition, it offers bedding and interior cleaning services; cleaning and storage services for clothes, such as coats and jackets, as well as for household items comprising carpets and futons; pick-up and delivery cleaning, dry cleaning delivery, and house cleaning services; and used clothing purchase services. Further, the company operates Texcare, which offers maintenance and restoration services; and sells sell machines and materials for cleaning business. The company was founded in 1906 and is headquartered in Ota, 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
¥44.6B
¥43.6B
¥43.3B
¥39.2B
¥35.1B
Cost of Sales
¥37.7B
¥36.9B
¥36.6B
¥34.1B
¥33.0B
Gross Profit
¥6.9B
¥6.7B
¥6.6B
¥5.1B
¥2.2B
SG&A
¥4.5B
¥4.4B
¥4.8B
¥4.4B
¥5.1B
Operating Income
¥2.4B
¥2.3B
¥1.8B
¥665M
¥-2.9B
Non-Operating Income
¥432M
¥440M
¥552M
¥908M
¥1.0B
Dividend Income
¥37M
¥45M
¥42M
¥53M
¥40M
Interest Income
¥0M
¥0M
¥0M
¥0M
¥0M
Non-Operating Expenses
¥228M
¥234M
¥218M
¥216M
¥303M
Interest Expense
¥220M
¥203M
¥183M
¥187M
¥211M
Ordinary Income
¥2.6B
¥2.5B
¥2.1B
¥1.4B
¥-2.2B
Pre-tax Income
¥2.6B
¥2.9B
¥2.0B
¥2.3B
¥-927M
Income Taxes
¥400M
¥672M
¥66M
¥698M
¥434M
Current Tax
¥565M
¥423M
¥291M
¥662M
¥486M
Deferred Tax
¥-164M
¥248M
¥-225M
¥36M
¥-52M
Net Income (owners)
¥2.1B
¥2.2B
¥1.9B
¥1.7B
¥-1.2B
Minority Interest
¥34M
¥43M
¥6M
¥-76M
¥-112M
Comprehensive Income
¥2.6B
¥2.3B
¥2.3B
¥2.0B
¥-1.7B
EBITDA
¥3.6B
¥3.5B
¥3.1B
¥2.1B
¥-1.4B
EPS
¥562.80
¥584.76
¥514.83
¥447.09
¥-329.59
Shares Outstanding
3.9M
3.9M
3.9M
3.9M
3.9M
Shares Issued (total)
3.9M
3.9M
3.9M
3.9M
3.9M
Treasury Shares
0.0M
0.0M
0.0M
0.0M
0.0M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥35.3B
¥32.8B
¥33.2B
¥31.4B
¥31.4B
Current Assets
¥13.6B
¥11.8B
¥11.6B
¥10.0B
¥9.3B
Cash & Deposits
¥1.5B
¥1.3B
¥1.4B
¥1.1B
¥1.0B
Trade Receivables
¥4.6B
¥4.2B
¥4.2B
¥4.2B
—
Non-Current Assets
¥21.7B
¥20.9B
¥21.5B
¥21.4B
¥22.1B
PP&E
¥14.6B
¥14.4B
¥14.4B
¥14.6B
¥15.3B
Intangible Assets
¥354M
¥364M
¥408M
¥501M
¥587M
Investment Securities
¥3.0B
¥2.5B
¥2.7B
¥2.3B
¥2.0B
Deferred Tax Assets
¥1.6B
¥1.7B
¥2.1B
¥2.0B
¥2.1B
Total Liabilities
¥22.4B
¥22.2B
¥24.8B
¥25.2B
¥27.0B
Current Liabilities
¥12.0B
¥10.2B
¥12.2B
¥11.6B
¥11.2B
Accounts Payable
¥2.6B
¥2.6B
¥3.0B
¥2.5B
¥2.4B
ST Debt
¥5.9B
¥4.4B
¥6.4B
¥5.9B
¥5.9B
Taxes Payable
¥424M
¥358M
¥20M
¥498M
¥488M
Non-Current Liabilities
¥10.5B
¥12.0B
¥12.6B
¥13.6B
¥15.8B
Total LT Borrowings
¥3.1B
¥5.4B
¥5.6B
¥6.1B
¥7.9B
Pension Obligations
¥3.5B
¥3.7B
¥3.9B
¥4.1B
¥4.2B
Deferred Tax Liab.
—
¥12M
¥127M
¥69M
¥124M
Total Equity
¥12.9B
¥10.5B
¥8.4B
¥6.1B
¥4.4B
Capital Stock
¥2.4B
¥2.4B
¥2.4B
¥2.4B
¥2.4B
Capital Surplus
¥1.6B
¥1.6B
¥1.6B
¥1.6B
¥1.6B
Retained Earnings
¥7.3B
¥5.4B
¥3.4B
¥1.6B
¥107M
Treasury Stock
¥-323M
¥-334M
¥-358M
¥-364M
¥-364M
AOCI
¥1.8B
¥1.4B
¥1.3B
¥885M
¥497M
Equity (owners)
¥11.0B
¥9.1B
¥7.0B
¥5.2B
¥3.7B
Minority Interests
¥128M
¥92M
¥54M
¥73M
¥151M
Total Interest-Bearing Debt ⓘ
¥9.0B
¥9.8B
¥12.0B
¥12.0B
¥13.8B
Net Cash ⓘ
¥-7.4B
¥-8.5B
¥-10.5B
¥-10.9B
¥-12.7B
NCAV ⓘ
¥-8.8B
¥-10.4B
¥-13.1B
¥-15.2B
¥-17.7B
NCAV/Share
¥-2,273
¥-2,687
¥-3,398
¥-3,933
¥-4,585
BV/Share
¥2,838
¥2,349
¥1,820
¥1,341
¥964
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥3.0B
¥2.9B
¥1.6B
¥1.3B
¥-29M
Interest Paid
¥-221M
¥-206M
¥-182M
¥-186M
¥-215M
Interest Received
¥50M
¥59M
¥49M
¥60M
¥46M
D&A
¥1.2B
¥1.2B
¥1.3B
¥1.4B
¥1.6B
Investing CF
¥-1.0B
¥-89M
¥-597M
¥815M
¥1.8B
CapEx
¥939M
¥760M
¥586M
¥313M
¥224M
Purchase Investments
¥-1M
¥-1M
¥-3M
¥-4M
¥-5M
Proceeds from Invest.
¥12M
¥696M
¥9M
¥44M
¥397M
Financing CF
¥-1.7B
¥-2.9B
¥-657M
¥-2.1B
¥-1.8B
Dividends Paid
¥-253M
¥-194M
¥-97M
—
—
Share Buybacks
¥0M
¥-30M
¥0M
¥0M
¥-38M
LT Debt Repaid
¥-2.2B
¥-3.0B
¥-2.8B
¥-3.0B
¥-5.0B
Free Cash Flow
¥2.0B
¥2.2B
¥980M
¥1.0B
¥-253M
Net Change in Cash
¥227M
¥-114M
¥323M
¥62M
¥-21M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
18.4%
23.6%
27.0%
32.8%
-25.1%
ROA
6.3%
6.7%
6.0%
5.4%
-4.0%
EPS
¥562.80
¥584.76
¥514.83
¥447.09
¥-329.59
DPS
¥80.00
¥60.00
¥40.00
¥10.00
¥0.00
BPS
¥3,365.28
¥2,759.37
¥2,200.41
¥1,607.87
¥1,118.49
FCF/Share
¥521
¥559
¥253
¥259
¥-65
NCAV/Share
¥-2,273
¥-2,687
¥-3,398
¥-3,933
¥-4,585
Payout Ratio
14.2%
10.3%
7.8%
2.2%
—
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 4
Date Activist Stake Event Flag Demands Source
2026-03-23
Mizuho Bank, Ltd.
5.44%
+0.69%
initial_5pct
Passive
—
2025-07-04
BUSHIDO Asset Management Co., Ltd.
6.51%
initial_5pct
Passive
—
2024-02-07
Mizuho Bank, Ltd.
4.75%
-1.41%
change
Passive
—
2023-06-07
Mizuho Bank, Ltd.
6.16%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 10
#
Shareholder
Shares (thou.)
% of Total
1
GOLDMAN SACHS INTERNATIONAL(常任代理人 ゴールドマン・サックス証券株式会社)
288
7.39%
2
Kyokuto Co., Ltd.
株式会社きょくとう
202
5.18%
3
東京ホールセール株式会社
178
4.59%
4
Asahi Mutual Life Insurance
朝日生命保険相互会社
163
4.20%
5
白和会
163
4.19%
6
Dai-ichi Life Insurance
第一生命保険株式会社
140
3.59%
7
Plus Corporation
プラス株式会社
140
3.59%
8
Mizuho Bank
株式会社みずほ銀行
127
3.27%
9
ワタキューセイモア株式会社
118
3.03%
10
株式会社廣瀬商会
105
2.69%
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
41.7%
+5.4% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Goldman Sachs
NEW ENTRY
—
—
—
7.39%
NEW
Kyokuto Co., Ltd.
式会社きょくとう
5.18%
5.18%
5.18%
東京ホールセール
4.59%
4.59%
4.59%
Asahi Mutual Life Insurance
朝日生命保険相互会社
4.20%
4.20%
4.20%
白和会
4.04%
4.02%
4.19%
+0.17%
Dai-ichi Life Insurance
第一生命保険
3.59%
3.59%
3.59%
Plus Corporation
プラス
—
3.59%
3.59%
Mizuho Bank
みずほ銀行
4.68%
3.27%
3.27%
ワタキューセイモア
3.03%
3.03%
3.03%
式会社廣瀬商会
2.69%
2.69%
2.69%
Sompo Japan Insurance Inc.
損害保険ジャパン
last seen 2024
Exited Top 10
—
2.20%
—
式会社大丸松坂屋百貨店
last seen 2023
Exited Top 10
2.22%
—
—
日本マスタートラスト信託銀行
last seen 2023
Exited Top 10
2.90%
—
—
Concentration (HHI)
ⓘ
146
139
191
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥2,001M
+8% since 2023
Holdings
10
2 exited
Trend
1 unwinding
vs 2023
Held Company
FY2025
¥2,001M total
FY2023
¥1,852M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
721
-50.1%
↓
126,550
611
253,550
M
FUJITA KANKO INC.
藤田観光㈱
453
34,343
202
34,343
SAKATA SEED CORPORATION
㈱サカタのタネ
405
95,000
371
95,000
M
MITSUBISHI PENCIL CO.,LTD.
三菱鉛筆㈱
143
66,000
137
66,000
M
Imperial Hotel, Ltd.
㈱帝国ホテル
122
101,600
96
101,600
FUJI KYUKO CO., LTD.
富士急行㈱
99
48,187
203
48,187
M
Isetan Mitsukoshi Holdings Ltd.
㈱三越伊勢丹ホールディングス
54
23,800
36
23,800
ROYAL HOLDINGS Co., Ltd.
ロイヤルホールディングス㈱
4
1,700
4
1,700
BIKEN TECHNO CORPORATION
㈱ビケンテクノ
—
—
Keikyu Corporation
京浜急行電鉄㈱
—
—
㈱ホテルニューグランド
—
−100%
Exit
—
8
2,000
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
—
−100%
Exit
—
184
26,800
M
Portfolio total
2,001
1,852
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding