Under supervision (confirmation) · Designated 2026-05-12 JPX notice
Overview
Services

Kakaku.com,Inc.

Kakaku.com operates Japan's leading consumer-facing digital platforms, centered on its flagship price comparison and product information site 'Kakaku.com' and restaurant search/reservation service 'Tabelog,' which together cover millions of users and listed businesses nationwide. The company generates revenue through performance-based fees from merchants and service providers, online restaurant reservations, listing advertisements, and user subscriptions. Additional businesses include the job search aggregator 'Kyujin Box,' real estate information portal 'Sumaity,' and a portfolio of incubation-stage media and travel services.

Market Cap
¥744B
US$4.74B
EV
¥703B
US$4.47B
Stock¥3,760▼-0.03%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
22.4
x
LTM EV/EBIT
26.2
x
LTM PER
40.2
x
LTM PBR
11.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+17.5%pt
10012345
Oct 23, 25 – Oct 23, 26StockTOPIX
1Dec 25, 25Oasis Management Company Ltd. filed large shareholding report
2Dec 26, 25Oasis Management 5.23% stake acquisition disclosed
3Feb 4, 26Concerns over Oasis increasing stake above 12%
4Mar 10, 26Oasis Management Company Ltd. changed stake (5.23%→7.94%)
5Mar 17, 26Oasis Management Company Ltd. changed stake (7.94%→12.11%)
MC → EV Bridge
744BUS$4.74BMarket Cap8.11BUS$51.6M+ Debt48.0BUS$306M− Cash1.53BUS$9.72M− Inv. Sec.0.21BUS$1.31M+ NCI703BUS$4.47BEV
AI Briefing
EQT-backed Kamgras tender offer at ¥3,682/share underway (through Oct-28), board-agreed, with top holders DG and KDDI locked into non-tender agreements ahead of planned squeeze-out and delisting. Core engine remains Kakaku.com/Tabelog consumer platforms plus Kyujin Box, Sumaity and media/travel verticals; FY26/3 revenue ¥94.1B but OP margin compressed to 28.9% from 37.3% prior year as growth investment ramps. Deal narrative dominates — post-privatization thesis bets on EQT capital/global resources plus DG's payments and marketing know-how to rebuild margin and strengthen platform moats.
Performance & Balance
Revenue 5Y (¥B)
51.7US$329M'22/360.8US$387M'23/366.9US$426M'24/378.4US$499M'25/394.1US$599M'26/3
EBITDA 5Y (¥B)
22.7US$144M'22/327.5US$175M'23/329.5US$188M'24/333.2US$211M'25/331.6US$201M'26/3
Net Income 5Y (¥B)
14.3US$91.0M'22/316.1US$103M'23/318.1US$115M'24/320.0US$128M'25/318.8US$120M'26/3
Capital Structure
89%
EquityD/E 0.13xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
34.3US$218M6.60US$42.0M'22/336.5US$232M5.96US$37.9M'23/337.7US$240M5.18US$33.0M'24/350.9US$324M4.25US$27.1M'25/346.5US$296M3.19US$20.3M'26/3
Shareholders
Top 10 hold 65.1%
1
Digital Garage,Inc.
20.68%
2
KDDI CORPORATION
17.70%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
10.24%
4
Custody Bank of Japan, Ltd. (Trust Account)
3.92%
5
UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.92%
6
GOLDMAN SACHS INTERNATIONAL (Standing Proxy: Goldman Sachs Japan Co., Ltd.)
2.49%
7
JPMSPLC CLIENT ASSETS SK JPY (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.26%
8
JPMorgan Securities Japan Co., Ltd.
1.94%
9
BNP PARIBAS LONDON BRANCH FOR PRIME BROKERAGE SEGREGATION ACC FOR THIRD PARTY (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
1.48%
10
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
1.48%
Management
10 officers
Kaoru HAYASHI
Director, Chairman of the Board
Aug 1995 Founded Digital Garage, Inc.; Representative Director Jul 2002 Representative Director, Chairman, Kakaku.com, Inc. Jun 2003 Director, Chairman of the Board, Kakaku.com, Inc. (current) Nov 2004 Representative Director, President and Group CEO, Digital Garage, Inc. Jun 2009 Representative Director, Chairman, DG Ventures Co., Ltd. Apr 2012 Director, Chairman, Veritrans Inc. (now DG Financial Technology, Inc.) Oct 2013 Director, Chairman, E-Context Inc. (current) Jul 2016 Director, Chairman & CEO, Digital Garage US, Inc. (current) Sep 2016 Representative Director, President and Executive Officer, Group CEO, Digital Garage, Inc. (current) May 2017 Representative Director, Chairman and President, DG Ventures Co., Ltd. (current) Apr 2026 Director, Chairman of the Board, DG Financial Technology, Inc. (current)
1959-12-26
Atsuhiro MURAKAMI
Representative Director, President and Executive Officer
May 1998 Joined Andersen Consulting (now Accenture Japan Ltd.) Oct 2002 Joined Arrows Consulting (now EY Strategy and Consulting Co., Ltd.) Oct 2004 Joined Kakaku.com, Inc. May 2006 General Manager, CGM Promotion Office, Business Development Department, Kakaku.com, Inc. May 2008 Deputy General Manager, Business Development Division, Kakaku.com, Inc. Apr 2009 Executive Officer, General Manager, Tabelog Division, Kakaku.com, Inc. Jun 2011 Senior Executive Officer, General Manager, Tabelog Division, Kakaku.com, Inc. Jun 2012 Director, General Manager, Tabelog Division and New Business Division, Kakaku.com, Inc. Apr 2013 Director, General Manager, New Business Preparation Office, Kakaku.com, Inc. Aug 2014 Outside Director, Bengo4.com, Inc. (current) Apr 2015 Director, Kakaku.com, Inc. Jul 2019 Director, Executive Officer, Kakaku.com, Inc. Jul 2023 Director, Vice President and Executive Officer, Kakaku.com, Inc. Apr 2024 Representative Director, President and Executive Officer, Kakaku.com, Inc. (current)
1975-01-09
Kanako MIYAZAKI
Director, Senior Executive Officer, CSO
Apr 2002 Joined Accenture Japan Ltd. Jan 2005 Joined Grandeur Inc. (now Grandeur International Inc.) Aug 2008 Joined Sedna Inc. Oct 2010 Joined Kakaku.com, Inc. Apr 2013 General Manager, Online Reservation Business Department, Tabelog Division, Kakaku.com, Inc. Apr 2014 General Manager, Restaurant Business Department, Tabelog Division, Kakaku.com, Inc. Apr 2015 Executive Officer, General Manager, Media Planning Division and Price.com Business Department, Kakaku.com, Inc. Apr 2016 Executive Officer, General Manager, Media Planning Division, Kakaku.com, Inc. Apr 2017 Executive Officer, General Manager, Price.com Division, Kakaku.com, Inc. Jun 2019 Director, General Manager, Price.com Division, Kakaku.com, Inc. Jul 2019 Director, Executive Officer, General Manager, Price.com Division, Kakaku.com, Inc. Apr 2020 Director, Executive Officer, General Manager, Shopping Business Division, Kakaku.com, Inc. Apr 2022 Director, Executive Officer, Kakaku.com, Inc. Jul 2023 Director, Executive Officer, General Manager, Human Resources and General Affairs Division, Kakaku.com, Inc. Apr 2024 Director, Executive Officer, CHRO, General Manager, Human Resources and General Affairs Division, Kakaku.com, Inc. Jul 2024 Director, Senior Executive Officer, CHRO, General Manager, Human Resources and General Affairs Division, Kakaku.com, Inc. Jul 2025 Director, Senior Executive Officer, CSO, in charge of Sustainability, Kakaku.com, Inc. Apr 2026 Director, Senior Executive Officer, CSO, in charge of Sustainability and Public Relations, Kakaku.com, Inc. (current)
1979-11-09
Shinichi KASUYA
Director, Senior Executive Officer, CFO
Apr 1989 Joined Yamaichi Securities Co., Ltd. Mar 1998 Joined Rentrax Japan, Inc. (now Culture Convenience Club Co., Ltd.) Jun 2002 Director, General Manager, Administration Division, Rentrax Japan, Inc. Apr 2008 Director, General Manager, Administration Division, TSUTAYA Inc. (now Culture Convenience Club Co., Ltd.) Jun 2009 Director, CSO, Culture Convenience Club Co., Ltd. Jun 2009 Outside Director, Kakaku.com, Inc. Apr 2010 Director, CFO, Culture Convenience Club Co., Ltd. Apr 2013 Director, CSO, Chikara-no-Moto Company, Inc. (now Chikara-no-Moto Holdings Co., Ltd.) Jun 2017 Managing Director, CFO, Chikara-no-Moto Company, Inc. Apr 2019 Representative Director, President, Watanabe Seimen Co., Ltd. Jun 2019 Director, General Manager, Administration Division, Kyoto Kimono Yuzen Co., Ltd. (now Kyoto Kimono Yuzen Holdings Co., Ltd.) Apr 2021 Vice President and Director, Kyoto Kimono Yuzen Co., Ltd. Jun 2023 Director, Executive Officer, General Manager, Corporate Planning Division, Culture Entertainment Co., Ltd. Apr 2024 Executive Officer, CFO, General Manager, Corporate Division, Kakaku.com, Inc. Jun 2024 Director, Executive Officer, CFO, General Manager, Corporate Division, Kakaku.com, Inc. Jul 2024 Director, Senior Executive Officer, CFO, General Manager, Corporate Division, Kakaku.com, Inc. Jul 2025 Director, Senior Executive Officer, CFO, in charge of Finance, Accounting, Legal and Human Resources, Kakaku.com, Inc. Apr 2026 Director, Senior Executive Officer, CFO, in charge of Corporate Planning, Finance, Accounting and Human Resources, Kakaku.com, Inc. (current)
1971-01-14
Masayuki KINOSHITA
Director
Apr 1978 Joined Mitsui & Co., Ltd. Apr 2004 General Manager, Corporate Planning Division, Mitsui & Co., Ltd. Apr 2008 Executive Officer, General Manager, Metal Resources Division, Mitsui & Co., Ltd. Apr 2010 Managing Executive Officer, General Manager, Metal Resources Division, Mitsui & Co., Ltd. Apr 2011 Managing Executive Officer, CIO and CPO, Mitsui & Co., Ltd. Jun 2011 Representative Director, Managing Executive Officer, CIO and CPO, Mitsui & Co., Ltd. Apr 2012 Representative Director, Senior Managing Executive Officer, CIO and CPO, Mitsui & Co., Ltd. Apr 2014 Representative Director, Executive Vice President, CIO and CPO, Mitsui & Co., Ltd. Apr 2016 Director, Mitsui & Co., Ltd. Jun 2016 Advisor, Mitsui & Co., Ltd. Jun 2016 Outside Director, NS United Kaiun Kaisha, Ltd. (resigned Jun 2023) Jun 2020 Outside Director, Kakaku.com, Inc. (current) Feb 2023 Outside Director, Alpha Drive Co., Ltd. (current)
1954-04-11
Hirofumi HIRAI
Director, Full-time Audit and Supervisory Committee Member
Apr 1987 Joined JUKI Corporation Feb 1996 Joined Koei Co., Ltd. (now Koei Tecmo Holdings Co., Ltd.) Jan 1999 Joined Koei Net Co., Ltd. (now Koei Tecmo Net Co., Ltd.) Sep 2002 Joined Kakaku.com, Inc. Nov 2002 General Manager, Accounting and General Affairs Department, Kakaku.com, Inc. Jul 2005 Executive Officer, General Manager, Administration Division, Kakaku.com, Inc. Jun 2011 Managing Executive Officer, General Manager, Administration Division, Kakaku.com, Inc. Jun 2019 Full-time Audit & Supervisory Board Member, Kakaku.com, Inc. Jun 2025 Director, Full-time Audit and Supervisory Committee Member, Kakaku.com, Inc. (current)
1964-09-25
Hisashi KAJIKI
Director, Audit and Supervisory Committee Member
Apr 1977 Appointed Public Prosecutor Jun 2010 Chief Public Prosecutor, Takamatsu High Public Prosecutors Office Dec 2010 Chief Public Prosecutor, Hiroshima High Public Prosecutors Office Sep 2011 Defense Inspector General, Ministry of Defense Apr 2015 Registered as Attorney at Law, Frey Law Office Jun 2015 Special Member, Business Audit Committee, Mizuho Financial Group, Inc. Sep 2015 Chairman, Discipline Committee, Japan Investment Advisers Association Apr 2016 Member, Administrative Appeals Review Committee, Supreme Court of Japan Jun 2016 Outside Director, Maeda Road Construction Co., Ltd. Jun 2018 Outside Audit & Supervisory Board Member, Kakaku.com, Inc. Jul 2024 Joined Ueda Hirokazu Law Office (current) Jun 2025 Outside Director, Audit and Supervisory Committee Member, Kakaku.com, Inc. (current)
1948-09-13
Tomoharu KATO
Director
Apr 1999 Joined Deutsche Securities Inc. Apr 2000 Joined McKinsey & Company Apr 2004 Joined Fields Corporation (now Tsuburaya Fields Holdings Inc.) Dec 2007 Joined Unison Capital Inc.; seconded to Akindo Sushiro Co., Ltd., General Manager, Office of the President Dec 2008 Senior Managing Director, Akindo Sushiro Co., Ltd. Oct 2012 Director, COO, Akindo Sushiro Co., Ltd. Mar 2014 Established Turn Around Management Co., Ltd., Representative Director Jun 2015 Joined Xebio Co., Ltd. Oct 2015 Representative Director, President, Xebio Co., Ltd. Oct 2015 Vice President and Executive Officer, Xebio Holdings Co., Ltd. Jun 2017 Outside Director, Kakaku.com, Inc. (current) Apr 2021 Established Manpuku Holdings Co., Ltd., Representative Director, President (current) Apr 2021 Established VISION UNITED Inc., Representative Director, President Jun 2022 Outside Director, Taiho Corporation (current) Oct 2023 Director, VISION UNITED Inc. (current)
1974-09-08
Daisuke IWASE
Director
Apr 1998 Joined Boston Consulting Group Feb 2009 Representative Director, Vice President, Life Net Insurance Co., Ltd. Jun 2013 Representative Director, President, Life Net Insurance Co., Ltd. Jul 2018 Group Chief Digital Officer, AIA Group Limited Mar 2023 Representative Director, Animoca Brands K.K. Jan 2024 Senior Advisor, Spiral Capital Co., Ltd. (current) Jun 2024 Vice Chairman, Director, Benesse Holdings, Inc. Jun 2024 Chairman, Director, Benesse Corporation Jun 2024 Outside Director, Kakaku.com, Inc. (current) Dec 2024 Chairman, Director, Animoca Brands K.K. Jan 2025 Representative Director, Benesse Holdings, Inc. Jan 2025 Representative Director, Chairman and President, Benesse Corporation Jan 2025 Director, Tokyo Kyoiku Ken Co., Ltd. (current) Jun 2025 Director, Naoshima Bunka Mura Co., Ltd. (current) Sep 2025 Trustee, Fukutake Foundation (current) Jan 2026 Director, Digital Hollywood Co., Ltd. (current) Apr 2026 Representative Director, President, Benesse Corporation (current)
1976-03-17
Miki INOUE
Director, Audit and Supervisory Committee Member
Dec 2004 Joined Chuo Aoyama PricewaterhouseCoopers Jul 2007 Joined Taiyo ASG Audit Corporation (now Taiyo LLC) Sep 2008 Left Taiyo ASG Audit Corporation Jul 2010 Rejoined Taiyo ASG Audit Corporation Sep 2010 Registered as Certified Public Accountant Mar 2018 Joined Recruit Holdings Co., Ltd. Apr 2024 Head, Miki Inoue CPA Office (current) Dec 2024 Full-time Outside Audit & Supervisory Board Member, Decolte Holdings, Inc. (current) Jun 2025 Outside Director, Audit and Supervisory Committee Member, Kakaku.com, Inc. (current)
1976-11-22
Large Shareholding Reports
Digital Garage, Inc.
2026-10-16
20.64%→20.64%
Annual report (as of 2026-03-31): 20.68%
Digital Garage, Inc.
2026-09-30
20.64%→20.64%
Annual report (as of 2026-03-31): 20.68%
Digital Garage, Inc.
2026-09-14
20.64%→20.64%
Annual report (as of 2026-03-31): 20.68%
Digital Garage Inc.
2026-08-31
20.64%→20.64%
Annual report (as of 2026-03-31): 20.68%
Oasis Management Company Ltd.
2026-08-27
19.52%→19.52%
Digital Garage, Inc.
2026-07-23
20.64%→20.64%
Annual report (as of 2026-03-31): 20.68%
Oasis Management Company Ltd.
2026-07-08
19.52%→19.52%
Nomura Asset Management Co., Ltd.
2026-07-07
2.37%→2.27%
Digital Garage, Inc.
2026-07-07
20.64%→20.64%
Annual report (as of 2026-03-31): 20.68%
Nomura Asset Management Co., Ltd.
2026-06-19
2.36%→2.37%
Nomura Asset Management Co., Ltd.
2026-05-21
2.36%
Digital Garage, Inc.
2026-05-20
20.35%→38.31%
Annual report (as of 2026-03-31): 20.68%
KDDI Corporation
2026-05-18
16.63%→38.31%
Annual report (as of 2026-03-31): 17.70%
Digital Garage, Inc.
2026-05-13
20.35%→20.64%
Annual report (as of 2026-03-31): 20.68%
Oasis Management Company Ltd.
2026-05-13
19.52%→19.52%
Digital Garage, Inc.
2026-05-13
20.35%→20.64%
Annual report (as of 2026-03-31): 20.68%
Oasis Management Company Ltd.
2026-05-12
17.17%→19.52%
Oasis Management Company Ltd.
2026-05-11
15.74%→17.17%
Oasis Management Company Ltd.
2026-05-07
12.11%→15.74%
Nomura Asset Management Co., Ltd.
2026-04-06
3.71%→3.67%
Nomura Asset Management Co., Ltd.
2026-03-19
3.69%→3.71%
Oasis Management Company Ltd.
2026-03-17
7.94%→12.11%
Oasis Management Company Ltd.
2026-03-10
5.23%→7.94%
Nomura Asset Management Co., Ltd.
2026-02-05
3.65%→3.69%
Oasis Management Company Ltd.
2025-12-25
5.23%
Nomura Asset Management Co., Ltd.
2025-12-03
3.65%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-16
Large Shareholding Report
EDINETAmended
2026-10-16
訂正意見表明報告書
EDINETAmended
2026-10-14
訂正公開買付届出書
EDINETAmended
2026-10-01
訂正意見表明報告書
EDINET
2026-09-30
Large Shareholding Report
EDINETAmended
2026-09-29
訂正公開買付届出書
EDINETAmended
2026-09-14
訂正意見表明報告書
EDINET
2026-09-14
Large Shareholding Report
EDINETAmended
2026-09-10
訂正公開買付届出書
EDINETAmended
2026-08-31
訂正意見表明報告書
EDINET
2026-08-31
Large Shareholding Report
EDINET
2026-08-27
Large Shareholding Report
EDINETAmended
2026-08-27
訂正公開買付届出書
EDINETAmended
2026-08-17
訂正意見表明報告書
EDINETAmended
2026-08-13
訂正公開買付届出書
TDnet
2026-08-05
Q1 Earnings Flash
FY ending Mar 2027
EDINETAmended
2026-08-04
訂正意見表明報告書
EDINETAmended
2026-07-31
訂正公開買付届出書
EDINET
2026-07-23
Large Shareholding Report
EDINETAmended
2026-07-21
訂正意見表明報告書
EDINETAmended
2026-07-17
訂正公開買付届出書
EDINETAmended
2026-07-09
訂正意見表明報告書
EDINET
2026-07-08
Large Shareholding Report
EDINET
2026-07-07
Large Shareholding Report
EDINET
2026-07-07
Large Shareholding Report
EDINETAmended
2026-07-07
訂正公開買付届出書
EDINETAmended
2026-07-06
訂正意見表明報告書
EDINETAmended
2026-07-03
訂正意見表明報告書
EDINETAmended
2026-07-02
訂正公開買付届出書
EDINET
2026-06-19
Large Shareholding Report
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