Candidates / 8185

CHIYODA CO., LTD.8185・Retail

Activist stake: Ichigo. Of the listed companies with this trait in 2021–22, 1 in 5 was bought in the following four years or so — against 1 in 11 for all listed companies.

Taking every trait together, its score is 1.9x the average — #462 of 3,751. The closest type of deal is management buyout.

Score1.9xvs average; #462 of 3,751
Past, similar score1 in 5were bought (19%)
Closest typeMBO
Price-to-book0.68xmarket value ¥34.1bn

Why it looks like past targets

Score by type of buyer

Typevs average for the type
Buyout by the parent0.4x
Management buyout2.4x
Private equity3.5x
Strategic buyer1.7x

Ownership

Top 10 shareholders

HolderTypeStake
いちごトラスト・ピーティーイー・リミテッドActivist19.4%
舟橋政男Individual9.5%
株式会社中央商事Company8.8%
日本マスタートラスト信託銀行株式会社(信託口)Custodian/nominee5.0%
有限会社大知Company4.9%
チヨダ共栄会Individual2.9%
JP JPMSE LUX RE MACQUARIE BANK LTD LONDON EQ COCompany2.2%
丸紅株式会社Company1.8%
楽天証券株式会社Custodian/nominee1.5%
岡秀朋Individual1.5%

From the annual report for the year to 2026-02-28. Holder types are assigned by name and can be wrong (for example, a founder’s company can look like an operating company). Annual report (PDF, EDINET)

Key figures

Controlling shareholder (over 50%)
No
Largest corporate holder
8.8%
Founder family (individuals and their companies)
14.0%
Officers
1.3%
Net cash ÷ market value
58%
ROE
0.5%
Equity ratio
70%

Activist filings

Estimated cost = total acquisition funds ÷ shares held, from the latest report (or the previous one if the latest does not state the funds). Trades after the report's base date are not included. Stakes whose reports give no funding figure are left out. Share splits after the report are adjusted using the change in shares outstanding. Costs outside the stock's price range while held (0.8x the monthly low to 1.2x the high) are treated as reporting quirks (e.g. funds not updated after selling) and not shown. Stakes cut below 5% (mostly sold) are left out of the totals.

This site ranks listed companies by how closely their public filings (annual reports and large-shareholding reports) resemble past tender-offer and MBO targets. It is not a prediction that any company will be bought, is not based on any non-public information, and is not a recommendation to buy or sell. Not investment advice.

Updated 29 Sep 2026 00:48 JST