Overview
Information & Communication

RACCOON HOLDINGS,Inc.

Raccoon Holdings operates as a holding company overseeing two core business segments focused on B2B e-commerce and financial services for inter-company transactions. Its EC segment operates 'Super Delivery,' a B2B online marketplace connecting apparel and sundry goods manufacturers with small and mid-sized retailers domestically, as well as an export-facing platform 'SD export' enabling Japanese SME manufacturers to sell to overseas retailers without handling export procedures. Its Financial segment provides 'URIHO,' a subscription-based accounts receivable guarantee service for B2B transactions, and 'Paid,' a B2B deferred payment and invoicing/collections outsourcing service, both designed to reduce credit risk and administrative burden for SMEs.

Market Cap
¥12.9B
US$82.2M
EV
¥—B
Stock¥666▼-0.45%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
—
LTM EV/EBIT
—
LTM PER
15.1
x
LTM PBR
3.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-26.9%pt
10012
Oct 23, 25 – Oct 23, 26StockTOPIX
1Jun 12, 26Full-year FY2026/04 earnings announced
2Sep 1, 26Q1 FY2027/04 earnings announced
AI Briefing
Raccoon Holdings runs B2B marketplace 'Super Delivery' plus SME fintech (URIHO guarantees, Paid payment outsourcing), targeting Japan's underserved SME trade market. FY26/4 revenue ¥6.6B, OP ¥1.3B (20.1% margin), rebounding from FY24/4's margin dip and tracking steady multi-year growth. Market cap ¥13.0B vs ¥5.2B cash and modest ¥2.9B debt; founder-led with concentrated insider ownership, no tender offer in play.
Performance & Balance
Revenue 5Y (¥B)
4.79US$30.5M'22/45.32US$33.9M'23/45.81US$37.0M'24/46.10US$38.8M'25/46.57US$41.9M'26/4
EBITDA 5Y (¥B)
1.24US$7.88M'22/41.30US$8.29M'23/40.69US$4.41M'24/41.40US$8.92M'25/41.48US$9.43M'26/4
Net Income 5Y (¥B)
0.35US$2.25M'22/40.67US$4.25M'23/40.33US$2.07M'24/40.84US$5.32M'25/40.80US$5.12M'26/4
Capital Structure
58%
42%
EquityD/E 0.72xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
5.53US$35.2M1.20US$7.63M'22/45.65US$36.0M1.02US$6.49M'23/45.09US$32.4M0.97US$6.18M'24/45.02US$32.0M1.27US$8.07M'25/46.07US$38.6M2.91US$18.5M'26/4
Shareholders
Top 10 hold 33.9%
1
Isao OGATA
14.92%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
5.89%
3
Custody Bank of Japan, Ltd. (Trust Account E)
5.24%
4
Toshiyuki ISHII
1.85%
5
Satoshi KONNO
1.78%
6
CGMI PB CUSTOMER ACCOUNT (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.27%
7
BCSL CLIENT RE BBPLC NYBR (Standing Proxy: Barclays Securities Japan Limited)
0.92%
8
Custody Bank of Japan, Ltd. (Trust Account)
0.69%
9
RACCOON HOLDINGS,Inc. Employee Stock Ownership Association
0.67%
10
Osamu FUJIMAKI
0.63%
Management
8 officers
Isao OGATA
Representative Director, President
Apr 1988 Joined Pacific Consultants Co., Ltd. Sep 1993 Founded Raccoon Trade Service (sole proprietorship) Sep 1995 Established Raccoon Trade Service Co., Ltd.; Director, President May 1996 Reorganized into Raccoon Co., Ltd.; Representative Director, President May 2013 Representative Director, President and General Manager, SD Division Feb 2015 Representative Director, President (current)
1963-07-05
Satoshi KONNO
Director, Executive Vice President in charge of Finance and General Manager, Corporate Management Division
Nov 1994 Joined Asahi & Co. (currently Azusa Audit LLC) Apr 1998 Registered as Certified Public Accountant Jun 1998 Joined Tsutomu Fukuda Certified Public Accountant Office Jan 1999 Joined Tokyo Kyodo Accounting Office Jul 2000 Joined Raccoon Co., Ltd.; General Manager, Accounting and Finance Department Jul 2000 Director, General Manager, Accounting and Finance Department Apr 2003 Director, Executive Vice President, General Manager, Accounting and Finance Department May 2004 Director, Executive Vice President, General Manager, Administration Department Jul 2008 Director, Executive Vice President in charge of Finance, General Manager, Administration Department Dec 2010 Director, Trust & Growth Co., Ltd. (currently Raccoon Financial Co., Ltd.) (current) May 2018 Director, Executive Vice President in charge of Finance, General Manager, Corporate Management Division and General Manager, Accounting and Finance Department Jul 2018 Director, Executive Vice President, General Manager, Corporate Management Division and General Manager, Accounting and Finance Department Nov 2018 Director, Raccoon Commerce Co., Ltd. (current) Jul 2023 Director, Executive Vice President in charge of Finance, General Manager, Corporate Management Division and General Manager, Accounting and Finance Department Nov 2023 Director, Executive Vice President in charge of Finance, General Manager, Corporate Management Division (current) Significant concurrent positions: Director, Raccoon Financial Co., Ltd.; Director, Raccoon Commerce Co., Ltd.
1972-01-25
Tomohiro TAMURA
Director, Executive Vice President in charge of Technology
Apr 2000 Joined System House I.N.G. Co., Ltd. Feb 2004 Joined Human System Co., Ltd. Jun 2008 Joined Raccoon Co., Ltd. May 2013 General Manager, Technology Strategy Department May 2018 General Manager, Technology Strategy Department and General Manager, Design Strategy Department Jul 2018 Director, General Manager, Technology Strategy Department and General Manager, Design Strategy Department May 2019 Director, General Manager, Design Strategy Department May 2020 Director, General Manager, Technology Strategy Department and General Manager, Design Strategy Department May 2021 Director, General Manager, Technology Strategy Department May 2023 Director Jul 2023 Director, Executive Vice President in charge of Technology (current)
1976-09-25
Ryuka OKUBO
Director
Apr 2007 Joined Bascos Co., Ltd. Jan 2009 Joined Raccoon Co., Ltd.; President's Office May 2012 President's Office, PR Team May 2013 Corporate Planning & Development Department, Strategy Team Jun 2014 Corporate Planning & Development Department, Promotion Team May 2015 President's Office, Promotion Team May 2020 President's Office Jul 2021 Director in charge of PR and Sustainability (current) Feb 2023 Director in charge of Risk Management (current)
1984-04-17
Tokichiro HAYASHI
Director (Audit and Supervisory Committee Member)
Mar 1996 Joined Japan Sleeve Co., Ltd. Mar 2005 Joined Raccoon Co., Ltd. May 2006 Team Leader, Distribution Development, Sales Management Department May 2008 Management Team, OG Business Promotion Department Jul 2008 General Affairs and Human Resources Team, Administration Department Jul 2015 Internal Audit, President's Office Jul 2017 Audit & Supervisory Board Member Jul 2018 Director (Audit and Supervisory Committee Member) (current) Jul 2018 Audit & Supervisory Board Member, Trust & Growth Co., Ltd. (currently Raccoon Financial Co., Ltd.) (current) Nov 2018 Audit & Supervisory Board Member, Raccoon Commerce Co., Ltd. (current) Nov 2019 Audit & Supervisory Board Member, ALEMO Co., Ltd. (currently Raccoon Rent Co., Ltd.) Significant concurrent positions: Audit & Supervisory Board Member, Raccoon Financial Co., Ltd.; Audit & Supervisory Board Member, Raccoon Commerce Co., Ltd.
1969-10-21
Tetsujiro NAKAGAKI
Director
Apr 1996 Joined Nihon Asia Investment Co., Ltd. Apr 2002 Outside Director, Raccoon Co., Ltd. Apr 2011 Head of Investment Division, Nihon Asia Investment Co., Ltd. Apr 2011 Established DFJ JAIC Venture Partners, LLC (currently Draper Nexus Venture Partners, LLC) Sep 2014 Outside Director, Innova Inc. (current) Nov 2014 Outside Director, SHIFT Inc. Apr 2018 Outside Director, favy Inc. (current) Nov 2020 Outside Director (Audit and Supervisory Committee Member), SHIFT Inc. (current) Jan 2025 Established Theta Times Partners Co., Ltd.; Representative Director (current) May 2025 General Partner, Theta Times Ventures LPS (current) Jul 2025 Director, Raccoon Co., Ltd. (current) Significant concurrent positions: Outside Director, Innova Inc.; Outside Director, favy Inc.; Outside Director (Audit and Supervisory Committee Member), SHIFT Inc.; Representative Director, Theta Times Partners Co., Ltd.; General Partner, Theta Times Ventures LPS
1973-02-02
Motohiro FUKUDA
Director (Audit and Supervisory Committee Member)
Apr 1998 Joined Kyushu Bureau of Economy, Trade and Industry, Ministry of Economy, Trade and Industry Mar 2008 Joined Tohmatsu Audit Corporation (currently Tohmatsu LLC) Jun 2015 Seconded to Deloitte China and Hong Kong offices Jul 2019 Returned to Tohmatsu LLC Apr 2020 Established Motohiro Fukuda Certified Public Accountant Office; Representative (current) Jul 2020 Director (Audit and Supervisory Committee Member), Raccoon Co., Ltd. (current) Aug 2021 Representative Member, A.Co-tion LLC (current) Jan 2022 Representative Partner, Bloom Audit Corporation Significant concurrent positions: Representative, Motohiro Fukuda Certified Public Accountant Office; Representative Member, A.Co-tion LLC
1975-12-18
Koichiro HISHIKAWA
Director (Audit and Supervisory Committee Member)
Oct 2001 Registered as attorney-at-law Oct 2001 Joined Ushijima & Partners (currently Ushijima & Partners Law Office) Feb 2002 Joined Kataoka Law Office Jan 2010 Registered as attorney-at-law in New York State, USA Aug 2011 Joined IPAX Law Office May 2012 Director, ACS Debt Collection & Recovery Co., Ltd. Jun 2012 Established Hishikawa Law Office; Managing Attorney (current) Jun 2014 Outside Audit & Supervisory Board Member, Minori Solutions Co., Ltd. (currently SCSK Minori Solutions Co., Ltd.) Jun 2016 Outside Director (Audit and Supervisory Committee Member), Minori Solutions Co., Ltd. Jun 2019 Auditor, Sohatsu Platform General Incorporated Association Jun 2020 Director, Seigijuku Public Interest Foundation Apr 2026 Member, Japanese Law Translation Promotion Council, Ministry of Justice (current) Jul 2026 Director (Audit and Supervisory Committee Member) (current) Significant concurrent positions: Managing Attorney, Hishikawa Law Office; Member, Japanese Law Translation Promotion Council, Ministry of Justice
1974-09-14
Large Shareholding Reports
Mizuho Trust & Banking Co., Ltd.
2026-05-12
5.05%
Isao OGATA
2026-05-01
17.16%→17.16%
Annual report (as of 2026-04-30): 14.92%
Isao OGATA
2026-04-27
20.62%→17.16%
Annual report (as of 2026-04-30): 14.92%
AAGS Investment, Inc.
2025-12-24
25.83%
Isao OGATA
2025-11-05
20.42%→20.62%
Annual report (as of 2026-04-30): 14.92%
Taiyo Pacific Partners L.P.
2025-09-11
8.52%→0.00%
Taiyo Pacific Partners L.P.
2025-08-08
9.55%→8.52%
Taiyo Pacific Partners L.P.
2025-07-25
10.55%→9.55%
Taiyo Pacific Partners L.P.
2025-07-18
11.63%→10.55%
Taiyo Pacific Partners L.P.
2025-07-09
12.73%→11.63%
Taiyo Pacific Partners L.P.
2025-06-30
13.93%→12.73%
Taiyo Pacific Partners L.P.
2025-06-11
14.97%→13.93%
Taiyo Pacific Partners L.P.
2025-05-16
16.04%→14.97%
Taiyo Pacific Partners L.P.
2025-05-15
16.04%→14.97%
Taiyo Pacific Partners L.P.
2025-05-07
17.34%→16.04%
Taiyo Pacific Partners L.P.
2025-04-21
18.36%→17.34%
Taiyo Pacific Partners L.P.
2025-04-18
19.36%→18.36%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Taiyo Pacific Partners L.P.
2025-03-28
19.36%→18.36%
Taiyo Pacific Partners L.P.
2023-04-13
18.28%→19.36%
Taiyo Pacific Partners L.P.
2022-12-28
17.24%→18.28%
Taiyo Pacific Partners L.P.
2022-12-09
16.18%→17.24%
Taiyo Pacific Partners L.P.
2022-11-02
15.13%→16.18%
Taiyo Pacific Partners L.P.
2022-10-17
14.05%→15.13%
Taiyo Pacific Partners L.P.
2022-09-30
13.01%→14.05%
Taiyo Pacific Partners L.P.
2022-08-22
11.97%→13.01%
Taiyo Pacific Partners L.P.
2022-05-24
10.91%→11.97%
Taiyo Pacific Partners L.P.
2022-04-19
9.91%→10.91%
Taiyo Pacific Partners L.P.
2022-04-15
9.91%
Taiyo Pacific Partners L.P.
2022-01-05
5.21%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-31
Q1 Earnings Flash
FY ending Apr 2027
EDINET
2026-07-22
Annual Securities Report
Period: May 2025 – Apr 2026
EDINET
2026-05-12
Large Shareholding Report
EDINET
2026-05-01
Large Shareholding Report
EDINET
2026-04-27
Large Shareholding Report
TDnet
2026-02-27
Q3 Earnings Flash
FY ending Apr 2026
EDINET
2025-12-24
Large Shareholding Report
EDINET
2025-12-11
Semi-Annual Securities Report
Period: May 2025 – Apr 2026
EDINETAmended
2025-12-11
Amended Securities Registration Statement
EDINET
2025-11-28
Securities Registration Statement
EDINET
2025-11-05
Large Shareholding Report
EDINET
2025-09-11
Large Shareholding Report
TDnet
2025-08-29
Q1 Earnings Flash
FY ending Apr 2026
EDINET
2025-08-08
Large Shareholding Report
EDINET
2025-07-25
Large Shareholding Report
EDINET
2025-07-23
Annual Securities Report
Period: May 2024 – Apr 2025
EDINET
2025-07-18
Large Shareholding Report
EDINET
2025-07-09
Large Shareholding Report
EDINET
2025-06-30
Large Shareholding Report
EDINET
2025-06-11
Large Shareholding Report
EDINETAmended
2025-05-16
Change Report
EDINET
2025-05-15
Large Shareholding Report
EDINET
2025-05-07
Large Shareholding Report
EDINET
2025-04-21
Large Shareholding Report
EDINETAmended
2025-04-18
Change Report
EDINET
2025-03-28
Large Shareholding Report
TDnet
2025-02-28
Q3 Earnings Flash
FY ending Apr 2025
EDINET
2024-12-12
Semi-Annual Securities Report
Period: May 2024 – Apr 2025
TDnet
2024-08-30
Q1 Earnings Flash
FY ending Apr 2025
EDINET
2024-07-30
Annual Securities Report
Period: May 2023 – Apr 2024
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