9993
YAMAZAWA CO.,LTD.
株式会社ヤマザワ
Retail Trade
Yamazawa Co., Ltd. engages in the retail business in Japan. The company primarily operates food supermarkets. It also operates drug stores; and manufacture and supplies milk, tofu, natto, noodles, rice, and sugar beet products. Yamazawa Co., Ltd. was founded in 1962 and is based in Yamagata, Japan.
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⚠ TSE Capital Mandate
P / Book
0.44×
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
¥105.4B
¥102.6B
¥101.9B
¥99.5B
¥110.7B
Cost of Sales
¥75.8B
¥74.0B
¥73.8B
¥71.8B
¥79.0B
Gross Profit
¥29.6B
¥28.6B
¥28.1B
¥27.6B
¥31.7B
SG&A
¥28.5B
¥29.4B
¥27.5B
¥26.9B
¥30.6B
Operating Income
¥1.1B
¥-821M
¥625M
¥710M
¥1.1B
Non-Operating Income
¥188M
¥523M
¥117M
¥250M
¥152M
Dividend Income
¥15M
¥12M
¥11M
¥11M
¥10M
Interest Income
¥13M
¥5M
¥3M
¥1M
¥0M
Non-Operating Expenses
¥99M
¥109M
¥65M
¥32M
¥91M
Interest Expense
¥67M
¥58M
¥37M
¥14M
¥13M
Ordinary Income
¥1.2B
¥-407M
¥677M
¥928M
¥1.2B
Pre-tax Income
¥2.1B
¥-1.9B
¥243M
¥603M
¥778M
Income Taxes
¥694M
¥706M
¥-207M
¥397M
¥410M
Current Tax
¥267M
¥74M
¥71M
¥450M
¥535M
Deferred Tax
¥427M
¥631M
¥-279M
¥-53M
¥-124M
Net Income (owners)
¥1.4B
¥-2.6B
¥451M
¥205M
¥368M
Comprehensive Income
¥1.6B
¥-2.6B
¥506M
¥246M
¥374M
EBITDA
¥4.5B
¥2.8B
¥4.0B
¥3.6B
¥4.0B
Goodwill Amort. (J-GAAP)
—
¥6M
¥11M
¥11M
¥11M
EPS
¥128.91
¥-242.84
¥41.92
¥18.90
¥33.76
Shares Outstanding
10.3M
10.8M
10.8M
10.8M
10.9M
Shares Issued (total)
11.0M
11.0M
11.0M
11.0M
11.0M
Treasury Shares
0.7M
0.2M
0.2M
0.2M
0.1M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥52.0B
¥55.6B
¥58.2B
¥54.3B
¥49.4B
Current Assets
¥14.4B
¥14.3B
¥14.1B
¥13.0B
¥12.4B
Cash & Deposits
¥5.4B
¥5.8B
¥6.0B
¥5.4B
¥6.1B
Trade Receivables
¥837M
—
—
—
—
Non-Current Assets
¥37.5B
¥41.3B
¥44.1B
¥41.3B
¥37.0B
PP&E
¥31.4B
¥35.0B
¥37.7B
¥35.8B
¥31.7B
Goodwill
—
—
¥6M
¥18M
¥29M
Intangible Assets
¥2.5B
¥2.3B
¥1.9B
¥1.2B
¥1.4B
Investment Securities
¥603M
¥437M
¥424M
¥382M
¥357M
Deferred Tax Assets
¥1.3B
¥1.8B
¥2.5B
¥2.2B
¥2.1B
Total Liabilities
¥25.2B
¥29.6B
¥29.3B
¥25.6B
¥20.6B
Current Liabilities
¥17.2B
¥21.1B
¥20.4B
¥20.9B
¥16.3B
Accounts Payable
—
¥7.0B
¥6.8B
¥6.7B
¥6.9B
ST Debt
¥3.2B
¥8.6B
¥8.4B
¥7.6B
¥3.2B
Taxes Payable
¥310M
¥133M
¥97M
¥276M
¥264M
Non-Current Liabilities
¥8.0B
¥8.5B
¥8.9B
¥4.7B
¥4.2B
Total LT Borrowings
¥3.1B
¥3.6B
¥4.2B
¥1.8B
¥1.0B
Pension Obligations
¥135M
¥199M
¥174M
¥192M
¥441M
Total Equity
¥26.7B
¥26.0B
¥28.9B
¥28.6B
¥28.8B
Capital Stock
¥2.4B
¥2.4B
¥2.4B
¥2.4B
¥2.4B
Capital Surplus
¥2.2B
¥2.2B
¥2.2B
¥2.2B
¥2.2B
Retained Earnings
¥22.5B
¥21.5B
¥24.4B
¥24.2B
¥24.2B
Treasury Stock
¥-761M
¥-227M
¥-235M
¥-246M
¥-67M
AOCI
¥352M
¥128M
¥117M
¥62M
¥21M
Equity (owners)
¥26.4B
¥25.8B
¥28.7B
¥28.6B
¥28.8B
Total Interest-Bearing Debt ⓘ
¥6.3B
¥12.2B
¥12.7B
¥9.4B
¥4.2B
Net Cash ⓘ
¥-931M
¥-6.5B
¥-6.6B
¥-4.0B
¥2.0B
NCAV ⓘ
¥-10.8B
¥-15.3B
¥-15.2B
¥-12.6B
¥-8.2B
NCAV/Share
¥-1,050
¥-1,420
¥-1,413
¥-1,173
¥-749
BV/Share
¥2,570
¥2,396
¥2,666
¥2,653
¥2,640
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥6.0B
¥3.3B
¥1.6B
¥1.9B
¥2.3B
Interest Paid
¥-67M
¥-59M
¥-35M
¥-12M
¥-12M
Interest Received
¥25M
¥14M
¥15M
¥11M
¥11M
D&A
¥3.4B
¥3.6B
¥3.3B
¥2.8B
¥2.8B
Goodwill Amort.
—
¥6M
¥11M
¥11M
¥11M
Investing CF
¥1.1B
¥-2.4B
¥-3.5B
¥-7.1B
¥-3.1B
CapEx
¥527M
¥1.6B
¥3.5B
¥6.2B
¥2.9B
Financing CF
¥-7.4B
¥-1.2B
¥2.6B
¥4.4B
¥-699M
Dividends Paid
¥-291M
¥-291M
¥-290M
¥-294M
¥-294M
Share Buybacks
¥-543M
¥0M
¥0M
¥-185M
¥0M
LT Debt Repaid
¥-717M
¥-525M
¥-466M
¥-230M
¥-164M
Free Cash Flow
¥5.4B
¥1.7B
¥-1.9B
¥-4.2B
¥-603M
Net Change in Cash
¥-382M
¥-279M
¥685M
¥-794M
¥-1.6B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
5.2%
-9.6%
1.6%
0.7%
1.3%
ROA
2.6%
-4.6%
0.8%
0.4%
0.7%
EPS
¥128.91
¥-242.84
¥41.92
¥18.90
¥33.76
DPS
¥27.00
¥27.00
¥27.00
¥27.00
¥27.00
BPS
¥2,603.96
¥2,407.53
¥2,677.32
¥2,658.44
¥2,641.72
FCF/Share
¥528
¥159
¥-173
¥-394
¥-55
NCAV/Share
¥-1,050
¥-1,420
¥-1,413
¥-1,173
¥-749
Payout Ratio
20.9%
—
64.4%
142.9%
80.0%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 12
Date Activist Stake Event Flag Demands Source
2026-02-26
susumu yamazawa
32.32%
correction
Passive
—
2026-02-09
Yamazawa Hiroshi
32.41%
correction
Passive
—
2026-02-09
Yamazawa Hiroshi
32.41%
correction
Passive
—
2026-02-09
Yamazawa Hiroshi
27.66%
-4.75%
correction
Passive
—
2026-01-22
Yamazawa Hiroshi
27.66%
change
Passive
—
2026-01-15
Yamazawa Hiroshi
27.66%
correction
Passive
—
2025-12-26
Yamazawa Hiroshi
27.66%
-4.75%
change
Passive
—
2025-12-25
Yamazawa Hiroshi
32.41%
correction
Passive
—
2025-12-25
Yamazawa Hiroshi
32.41%
correction
Passive
—
2025-12-10
Yamazawa Hiroshi
32.41%
change
Passive
—
2025-12-09
Yamazawa Hiroshi
32.41%
change
Passive
—
2025-02-10
susumu yamazawa
32.32%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 6
#
Shareholder
Shares (thou.)
% of Total
1
公益財団法人ヤマザワ教育振興基金
893
8.70%
2
ヤマザワ産業株式会社
834
8.13%
3
Business Partner Stock Ownership Plan
ヤマザワ取引先持株会
658
6.41%
4
株式会社山景
611
5.96%
5
有限会社ヤマザワコーポレーション
531
5.18%
6
有限会社ヤマザワ興産
491
4.79%
7
有限会社ヤマザワホーム
487
4.75%
8
株式会社ヤマザワ・エージェンシー
481
4.69%
9
The Yamagata Bank, Ltd.
株式会社山形銀行
340
3.32%
10
山澤 廣
203
1.99%
Domestic Nominees
0.0%
+0.0% 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
53.9%
-1.7% vs 2025
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
2026
公益財団法人ヤマザワ教育振興基金
8.30%
8.29%
8.29%
8.70%
+0.41%
ヤマザワ産業
5.89%
5.89%
5.88%
8.13%
+2.25%
Business Partner Stock Ownership Plan
ヤマザワ取引先持株会
6.05%
6.12%
6.35%
6.41%
+0.06%
式会社山景
5.68%
5.67%
5.67%
5.96%
+0.29%
限会社ヤマザワコーポレーション
4.94%
4.93%
4.93%
5.18%
+0.25%
限会社ヤマザワ興産
9.39%
9.39%
9.38%
4.79%
-4.59%
限会社ヤマザワホーム
4.53%
4.53%
4.52%
4.75%
+0.23%
式会社ヤマザワ・エージェンシー
4.47%
4.46%
4.46%
4.69%
+0.23%
The Yamagata Bank, Ltd.
式会社山形銀行
3.17%
3.16%
3.16%
3.32%
+0.16%
山澤 廣
NEW ENTRY
—
—
—
—
1.99%
NEW
山澤 進
last seen 2025
Exited Top 10
2.95%
2.95%
2.95%
—
Concentration (HHI)
ⓘ
344
345
347
328
4 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥207M
+44% since 2023
Holdings
6
+1 new
Trend
1 building
vs 2023
Held Company
FY2025
¥207M total
FY2023
¥144M total
Book Val ¥M
Shares
Book Val ¥M
Shares
The 77Bank,Ltd.
㈱七十七銀行
98
22,000
53
22,000
M
The Yamagata Bank, Ltd.
㈱山形銀行
83
61,050
75
61,050
M
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
15
3,682
7
3,682
FIDEA Holdings Co. Ltd.
フィデアホールディングス㈱
10
+9.5%
↑
7,154
9
6,536
THE AKITA BANK,LTD.
㈱秋田銀行
1
NEW
New
834
—
Jimoto Holdings,Inc.
㈱じもとホールディングス
—
—
Portfolio total
207
144
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding