ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Consumer Non-Durables

Ryohin Keikaku Co., Ltd.

Business Summary

Ryohin Keikaku Co., Ltd. engages in the operation of exclusive stores of MUJI. It operates through the following segments: Domestic Business, East Asia Business, Europe and Americas Business, South-West Asia and Oceania Business, and Others. The Domestic Business segment handles the procurement, logistics, and product sales across Japan through the internet and domestic stores. The East Asia Business segment manages the merchandise sold in the East Asia region. The Europe and Americas Business segment handles the products sold in Europe and American region. The South-West Asia and Oceania Business segment manages the product sales in West and South Asia and the Oceania region. The Others segment includes the global procurement business. The company was founded on May 18, 1979 and is headquartered in Tokyo, Japan.

Financial Highlights

Aug 2022 JPYUSD
Gross Profit212,339M1,743.60M
Operating income32,779M269.16M
Income before tax33,204M272.65M
Net income24,558M201.65M
Diluted EPS93.000.76
Dividends Per Share400.32
Total Assets402,118M2,900.76M
Total liabilities157,263M1,134.44M
Total equity242,220M1,747.30M
Operating cash flow23,350M191.73M
Currency in JPYCurrency in USD

Historical Data

 Feb 2018Feb 2019Aug 2020Aug 2021Aug 2022
Revenue 379,550M 409,697M 358,784M 453,689M 496,171M
Gross Profit 183,175M 201,513M 146,672M 203,365M 212,339M
Operating income 45,307M 44,781M 1,746M 42,481M 32,779M
Income before tax 45,163M 53,883M -36,226M 48,589M 33,204M
Net income 30,113M 33,845M -33,834M 33,902M 24,558M
EBITDA 55,171M 55,902M 23,586M 62,603M 56,065M
Diluted EPS 114.41 128.64 -128.63 128.58 93.00
Dividends Per Share 34.50 38.70 41.40 40 40
Total Assets 239,508M 260,524M 346,672M 396,918M 402,118M
Total liabilities 65,079M 65,333M 163,678M 182,046M 157,263M
Total equity 170,323M 191,061M 181,087M 212,803M 242,220M
Operating cash flow 46,982M 23,680M -1,758M 61,447M 23,350M
 Feb 2018Feb 2019Aug 2020Aug 2021Aug 2022
Revenue 3,406.91M 3,708.35M 3,322.39M 4,234.40M 4,074.27M
Gross Profit 1,644.21M 1,823.98M 1,358.20M 1,898.06M 1,743.60M
Operating income 406.68M 405.33M 16.16M 396.48M 269.16M
Income before tax 405.39M 487.71M -335.45M 453.49M 272.65M
Net income 270.29M 306.34M -313.30M 316.41M 201.65M
EBITDA 495.22M 505.99M 218.40M 584.29M 460.37M
Diluted EPS 1.02 1.16 -1.19 1.20 0.76
Dividends Per Share 0.30 0.35 0.38 0.37 0.32
Total Assets 2,244.58M 2,340.31M 3,269.10M 3,612.94M 2,900.76M
Total liabilities 609.89M 586.89M 1,543.47M 1,657.07M 1,134.44M
Total equity 1,596.20M 1,716.32M 1,707.64M 1,937.03M 1,747.30M
Operating cash flow 421.71M 214.33M -16.27M 573.50M 191.73M

Valuation Measures

Aug 2022
Operating margin6.60%
Profit margin4.94%

Key executives

  • President & Representative Director: Satoru Matsuzaki
  • Head-Research & Technology: Yuki Yamamoto
  • Senior MD, GM-Sales & Head-Information System: Nobuo Domae
  • Managing Director & Executive Officer: Satoshi Shimizu
  • Managing Director & Executive Officer: Satoshi Okazaki


  • FIL Investments (Japan) Ltd. (5.4%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (4.0%)
  • Ryohin Keikaku J- Esop (3.9%)
  • Mitsubishi Corp. (3.8%)
  • Nomura Asset Management Co., Ltd. (3.2%)
  • Asset Management One Co., Ltd. (2.4%)
  • Credit Saison Co., Ltd. (2.2%)
  • Lazard Asset Management LLC (2.1%)
  • The Vanguard Group, Inc. (2.1%)
  • Norges Bank Investment Management (1.9%)

Contact Details

  • Website:
  • Address: 4-26-3 Higashi-Ikebukuro, Toshima-Ku, Tokyo, 170-8424, Japan
  • Phone: +81.3.3989.5972

Related Companies

  • Ryohin Keikaku Restricted Stock Compensation Plan
  • Ryohin Keikaku J- Esop
  • MUJI Retail (Vietnam) LLC
  • MUJI Denmark ApS
  • MUJI Finland Oy
  • MUJI Switzerland AG
  • MUJI Sweden AB
  • Ryohin-Keikaku Reliance India Pvt Ltd.
  • Ryohin Keikaku Board Member Incentive Plan
  • Ryohin Keikaku
  • MUJI Philippines Corp.
  • Muji House Co., Ltd.
  • Muji Spain SL
  • Muji Portugal Lda.
  • MUJI Retail (Thailand) Co., Ltd.
  • Muji (Malaysia) Sdn. Bhd.
  • Muji Canada Ltd.
  • Muji Retail (Australia) Pty Ltd.
  • Ryohin Keikaku Employee Incentive Plan
  • Muji Global Sourcing Pte Ltd.
  • Muji U.S.A. Ltd.
  • Hana Ryohin Co. Ltd.
  • MUJI ( Shanghai) Co., Ltd.
  • Muji Beijing Co. Ltd.
  • MUJI Korea Co., Ltd.
  • RK Trucks Co., Ltd.
  • MUJI Deutschland GmbH
  • Ryohin Keikaku France SAS
  • Muji Europe Holdings Ltd.
  • Ryohin Keikaku Europe Ltd.


    Last Updated on 24 Mar, 2023

    Discover the all new Nikkei Asia app

    • Take your reading anywhere with offline reading functions
    • Never miss a story with breaking news alerts
    • Customize your reading experience

    Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

    Celebrate our next chapter
    Free access for everyone - Sep. 30

    Find out more