Overview
Information & Communication

DEMAE-CAN CO.,LTD

Demae-can operates Japan's largest-scale food delivery platform, 'Demae-can,' connecting users with a wide range of restaurant partners via app and website across PC, smartphone, and tablet. The company generates revenue through service fees and delivery commissions charged to member restaurants, as well as delivery fees and other charges collected from users, supplemented by banner and text advertising. Its 'Sharing Delivery' service enables restaurants without their own delivery capabilities to fulfill orders through the platform's courier network, and as of August 2025, the platform serves approximately 4.55 million active users.

Market Cap
¥13.8B
US$87.9M
EV
¥-5.80B
-US$36.9M
Stock¥124▼-3.88%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
—
LTM EV/EBIT
0.7
x
LTM PER
NM
LTM PBR
0.7
x
2026-08-25 closing price basis: ranked #38 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-34B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-44.9%pt
1001
Oct 23, 25 – Oct 23, 26StockTOPIX
1Oct 16, 26Full-year FY2026/08 earnings announced
MC → EV Bridge
13.8BUS$87.9MMarket Cap0.03BUS$0.18M+ Debt19.6BUS$125M− Cash0.00BUS$0.00M− Inv. Sec.-5.80B-US$36.9MEV
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Performance & Balance
Revenue 5Y (¥B)
47.3US$301M'22/851.4US$327M'23/850.4US$321M'24/839.7US$253M'25/839.1US$249M'26/8
EBITDA 5Y (¥B)
-36.4-US$232M'22/8-12.3-US$78.0M'23/8
Net Income 5Y (¥B)
-36.2-US$231M'22/8-12.2-US$77.4M'23/8-3.71-US$23.6M'24/8-4.97-US$31.7M'25/8-8.25-US$52.5M'26/8
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
53.5US$341M'22/841.2US$263M'23/834.5US$220M'24/828.5US$182M0.03US$0.18M'25/819.6US$125M'26/8
Shareholders
Top 10 hold 77.3%
1
LY Corporation
35.36%
2
Mirai Fund Limited Liability Partnership
18.45%
3
KOREA SECURITIES DEPOSITORY-SAMSUNG (Standing Proxy: Citibank, N.A., Tokyo Branch)
13.19%
4
The Bank of New York 133612 (Standing Proxy: Mizuho Bank, Ltd., Settlement & Clearing Services Division)
3.37%
5
BNP PARIBAS LUXEMBOURG/2S/JASDEC/JANUS HENDERSON HORIZON FUND (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
2.54%
6
Rie NAKAMURA (Former registered name: Rie NISHIMURA)
2.33%
7
JPMorgan Securities Japan Co., Ltd.
0.75%
8
UBS AG LONDON ASIA EQUITIES (Standing Proxy: Citibank, N.A., Tokyo Branch)
0.61%
9
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
0.37%
10
Nomura International plc Account Japan Flow (Standing Proxy: Nomura Securities Co., Ltd.)
0.32%
Management
10 officers
Satoshi YANO
Representative Director, President and CEO
Jul 2000 Joined J.P. Morgan Securities Co., Ltd. Jun 2013 Joined Intel K.K. May 2016 Joined LINE Corporation (currently A Holdings Corporation) Jan 2019 Executive Officer, LINE Corporation Jan 2021 Executive Officer and CFO, the Company May 2021 Director, Demae-can Communications Co., Ltd. Nov 2022 Director and Executive Officer (CFO), the Company Sep 2024 Representative Director, President (CEO), the Company (current) May 2025 Representative Director, President, Demae-can Communications Co., Ltd. (current)
1978-04-26
Ayako SHIGA
Director
Feb 2008 Joined Freebit Co., Ltd. Feb 2021 Joined Nint Holdings Co., Ltd. (currently Nint Co., Ltd.) May 2021 Joined Creww Inc., Corporate Team Director Mar 2022 Joined the Company Nov 2022 General Manager, Management Department, Corporate Planning Division, the Company Sep 2023 General Manager, Administration Division, the Company Sep 2024 General Manager, BP Operations Division, the Company Dec 2024 Executive Officer and General Manager, BP Operations Division, the Company Nov 2025 Director and Executive Officer, General Manager, BP Operations Division, the Company (current)
1978-08-19
Shoji YASUOKA
Director
Apr 2004 Joined Livedoor Co., Ltd. Sep 2010 Joined Citigroup Securities Co., Ltd. May 2013 Joined Keiei Sozo Kiban Co., Ltd. Jul 2017 Joined LINE Corporation (currently A Holdings Corporation), Executive Officer and General Manager, Corporate Planning Office Mar 2021 Managing Executive Officer, Z Holdings Corporation (currently LY Corporation); Senior Executive Officer and General Manager, Corporate Planning Office, LINE Corporation (currently Z Intermediate Global Corporation) Oct 2023 Senior Executive Officer and General Manager, Corporate Planning Office, LY Corporation Jan 2025 General Manager, Corporate Planning Division, the Company Nov 2025 Director and General Manager, Corporate Planning Division, the Company (current)
1980-05-06
Hiroki TOYAMA
Director
Oct 2007 Joined Sapporo Drug Store Co., Ltd. May 2015 Representative Director, President, Sapporo Drug Store Co., Ltd. Feb 2016 Director and Vice President, Ezoden Co., Ltd. Aug 2016 Representative Director, President, Satsudora Holdings Co., Ltd. Jul 2019 Representative Director, Chairman and CEO, Regional Marketing Inc. (current); Director and Chairman, GRIT WORKS Inc. (current); Director and CMO, AWL Inc. Aug 2020 Representative Director, President and CEO, Satsudora Holdings Co., Ltd. (current); Representative Director, President and CEO, Sapporo Drug Store Co., Ltd. (current) Nov 2020 Outside Director, Valuence Holdings Inc. (current); Director, the Company (current) Oct 2022 Director, S Ventures Co., Ltd. (current) Oct 2023 Director (part-time), AWL Inc. (current)
1976-09-05
Issei MORI
Director
Dec 2009 Registered as an attorney-at-law Jan 2010 Joined Kobayashi & Todo Law and Patent Office Sep 2012 Assistant Professor, Keio University Graduate School of Law Oct 2016 Established Daikanyama Sogo Law Office; Representative (current) Oct 2017 Outside Audit & Supervisory Board Member, First Logic Inc. (currently Rakumachi Inc.) Nov 2017 Outside Audit & Supervisory Board Member, Tanpei Pharmaceutical Co., Ltd. (current) Dec 2017 Outside Audit & Supervisory Board Member, Sports Field Co., Ltd.; Outside Audit & Supervisory Board Member, Atrae Inc.; Outside Director (Audit and Supervisory Committee Member), Retty Inc. (current) Dec 2018 Representative Director, SDGth Co., Ltd. (current) Nov 2020 Director, the Company (current)
1978-04-26
Jun MASUDA
Director
Oct 2008 Joined Naver Japan Corporation (currently A Holdings Corporation), Head of Business Strategy Office Jan 2012 Executive Officer and Head of Business Strategy Office, NHN Japan Corporation (currently A Holdings Corporation) May 2014 Representative Director, LINE Pay Corporation Sep 2014 Representative Director, LINE Ventures Corporation Dec 2014 Representative Director and CEO, LINE MUSIC Corporation (current) Mar 2015 Director and CSMO, LINE Corporation (currently A Holdings Corporation) Nov 2016 Director, the Company (current) Jul 2020 Director, Sproot Inc. (current) Aug 2020 Director, LINE Digital Frontier Corporation (current) Nov 2020 Director, Webtoon Entertainment Inc. (current) Feb 2021 Director and CSMO, LINE Corporation (currently Z Intermediate Global Corporation) Mar 2021 Director and Senior Managing Executive Officer, Z Holdings Corporation (currently LY Corporation) Apr 2021 Representative Director, President and CPO, Z Entertainment Corporation (currently LY Corporation) Oct 2021 Representative Director, LINE Healthcare Corporation (current) Apr 2022 Director and Senior Managing Executive Officer, Entertainment CPO, Z Holdings Corporation (currently LY Corporation) Mar 2023 Director, GYAO Corporation Apr 2023 Director, Workmobile Japan Inc. (currently LINE WORKS Corporation) Oct 2023 Senior Executive Officer, LY Corporation (current) Nov 2024 Director, LINE STUDIO Corporation (current)
1977-04-22
Ryosuke SAKAUE
Director
Oct 2008 Joined Yahoo Japan Corporation (currently LY Corporation) Apr 2015 General Manager, Finance Division, Finance Headquarters, Yahoo Japan Corporation Apr 2018 Executive Officer, Chief Financial Officer (CFO), and General Manager, Finance Headquarters, Yahoo Japan Corporation Jun 2018 Director, Japan Net Bank, Ltd. (currently PayPay Bank Corporation) Oct 2019 Managing Executive Officer and CFO, Z Holdings Corporation (currently LY Corporation); Director, Managing Executive Officer and CFO, Yahoo Japan Corporation (currently LY Corporation); Director, Z Financial Corporation Apr 2020 Managing Executive Officer and Group CFO (GCFO), Z Holdings Corporation (currently LY Corporation) Mar 2021 Senior Managing Executive Officer and GCFO, Z Holdings Corporation; Representative Director, Z Holdings Chuukan Corporation (current) Sep 2021 Director, LINE Plus Corporation (current) Oct 2023 Senior Executive Officer and CFO, LY Corporation (current); Representative Director, Kioicho No.1 Corporation (current); Representative Director, Z Intermediate Global Corporation (current) Nov 2023 Director, the Company (current) Jun 2024 Director, LINE Financial Corporation (current) Sep 2024 Outside Director, primeNumber Inc. (current)
1975-07-30
Misao YAMAZAKI
Full-time Audit & Supervisory Board Member
Feb 2012 Joined Shinsou Audit Corporation Dec 2013 Joined Arata Audit Corporation (currently PwC Japan LLC) Dec 2015 Registered as a Certified Public Accountant Feb 2019 Established Yamazaki CPA Office; Representative (current) Sep 2022 Outside Audit & Supervisory Board Member, HORIJUKU Inc. (currently UMITO Inc.) Jun 2024 Outside Director (Audit and Supervisory Committee Member), Atom Corporation (current) Nov 2024 Full-time Audit & Supervisory Board Member, the Company (current) Oct 2025 Outside Audit & Supervisory Board Member, Kyobashi Art Residence Inc. (current)
1982-03-04
Noritaka OCHIAI
Audit & Supervisory Board Member
Apr 1998 Joined Nikko Securities Co., Ltd. (currently SMBC Nikko Securities Inc.) Apr 2000 Executive Officer, Alce Inc. Jun 2006 Director and General Manager, Corporate Planning and Management Division, Livedoor Holdings Co., Ltd. Apr 2009 Managing Director, Livedoor Co., Ltd. Jan 2012 Executive Officer, NHN Japan Corporation (currently A Holdings Corporation) Apr 2013 Executive Officer, LINE Corporation (currently LY Corporation) May 2014 Audit & Supervisory Board Member, LINE Pay Corporation May 2016 Representative Director, President, LINE Fukuoka Corporation (currently LY Communications Corporation); Audit & Supervisory Board Member, transcosmos online communications, Inc. Nov 2017 Director, Next Library Inc. Jun 2018 Audit & Supervisory Board Member, LINE Growth Technology Corporation; Representative Director, President, LINE Securities Preparatory Co., Ltd. (currently LINE Securities Corporation) Jul 2019 Director, LINE Business Support Corporation Oct 2021 Director and Chairman, LINE Fukuoka Corporation (currently LY Communications Corporation) (current); Co-Chairman and Director, LINE Securities Corporation; Audit & Supervisory Board Member, Z Entertainment Corporation (currently LY Corporation) Nov 2021 Audit & Supervisory Board Member, the Company (current) Jun 2024 Audit & Supervisory Board Member, LIGHTz Inc. (current)
1974-06-18
Yoshie ITO
Audit & Supervisory Board Member
Apr 2006 Joined Anderson Mori & Tomotsune Sep 2014 Passed the National Bar Examination Nov 2014 Entered the Legal Training and Research Institute of the Supreme Court of Japan Jan 2016 Appointed Judge, Saitama District Court (Criminal Division) Aug 2019 Dispatched to France by the Supreme Court; Visiting Researcher, Universite Paris 2 Pantheon-Assas Apr 2020 Tokyo District Court (Enforcement Center) Jul 2020 Saitama District Court (Enforcement, Preservation and Non-Litigation Division) Apr 2021 Tokyo District Court (Administrative Division) Apr 2022 Ueda Branch, Nagano District and Family Court Mar 2024 Retired as Judge Nov 2024 Audit & Supervisory Board Member, the Company (current)
1981-06-29
Large Shareholding Reports
SHIN JUNGHO
2026-08-18
5.18%→6.22%
SHIN JUNGHO
2026-07-23
5.18%
Baillie Gifford & Co
2025-11-21
5.05%→3.83%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-15
Full-Year Earnings Flash
FY ending Aug 2026
EDINET
2026-08-18
Large Shareholding Report
EDINET
2026-07-23
Large Shareholding Report
TDnet
2026-07-15
Q3 Earnings Flash
FY ending Aug 2026
EDINET
2026-04-14
Semi-Annual Securities Report
Period: Sep 2025 – Aug 2026
TDnet
2026-01-14
Q1 Earnings Flash
FY ending Aug 2026
EDINET
2025-11-26
Annual Securities Report
Period: Sep 2024 – Aug 2025
EDINET
2025-11-21
Large Shareholding Report
TDnet
2025-07-15
Q3 Earnings Flash
FY ending Aug 2025
EDINET
2025-04-14
Semi-Annual Securities Report
Period: Sep 2024 – Aug 2025
TDnet
2025-01-14
Q1 Earnings Flash
FY ending Aug 2025
EDINET
2024-12-02
Annual Securities Report
Period: Sep 2023 – Aug 2024
EDINET
2024-07-12
Quarterly Securities Report
Period: Mar 2024 – May 2024
EDINET
2024-04-15
Quarterly Securities Report
Period: Dec 2023 – Feb 2024
EDINET
2024-01-15
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-11-29
Annual Securities Report
Period: Sep 2022 – Aug 2023
EDINET
2023-07-14
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-04-14
Quarterly Securities Report
Period: Dec 2022 – Feb 2023
EDINETAmended
2023-02-24
Amended Annual Securities Report
Period: Sep 2020 – Aug 2021
EDINET
2023-01-13
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-11-30
Annual Securities Report
EDINET
2022-07-15
Quarterly Securities Report
EDINET
2022-04-14
Quarterly Securities Report
EDINETAmended
2022-04-14
Amended Securities Registration Statement
EDINET
2022-03-10
Securities Registration Statement
EDINETAmended
2022-01-19
Amended Quarterly Securities Report
EDINETAmended
2022-01-19
Amended Quarterly Securities Report
EDINET
2022-01-14
Quarterly Securities Report
EDINETAmended
2021-12-28
Amended Quarterly Securities Report
EDINETAmended
2021-12-28
Amended Quarterly Securities Report
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