Overview
Retail Trade

TOKYO BASE Co.,Ltd.

TOKYO BASE is a Japanese fashion retailer operating multiple select shop and original brand formats under the corporate philosophy of 'From Japan to the World,' selling apparel and lifestyle goods targeting fashion-conscious consumers aged 20–50. The company operates key formats including STUDIOUS (trend-driven select shop), THE TOKYO (high-end select shop), UNITED TOKYO, PUBLIC TOKYO, and CITY TOKYO (all-made-in-Japan original brands), as well as the CONZ select shop, across physical stores and e-commerce channels including its own online stores and ZOZOTOWN. As of early 2025, the group operates approximately 99 stores globally—81 domestic and 18 overseas—with a presence in Japan, Hong Kong, China (Shanghai), the United States (New York), and Korea (Seoul).

Market Cap
¥14.1B
US$90.0M
EV
¥16.4B
US$105M
Stock¥331▼-0.30%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.1
x
LTM EV/EBIT
8.1
x
LTM PER
11.2
x
LTM PBR
2.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-53.9%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jun 16, 26Q1 FY2027/01 earnings announced
MC → EV Bridge
14.1BUS$90.0MMarket Cap5.82BUS$37.1M+ Debt3.52BUS$22.5M− Cash0.00BUS$0.00M− Inv. Sec.16.4BUS$105MEV
AI Briefing
Generating insights…
Performance & Balance
Revenue 5Y (¥B)
17.6US$112M'22/119.2US$122M'23/120.0US$127M'24/120.2US$129M'25/123.7US$151M'26/1
EBITDA 5Y (¥B)
1.69US$10.8M'22/11.35US$8.63M'23/11.83US$11.7M'24/11.94US$12.4M'25/12.49US$15.9M'26/1
Net Income 5Y (¥B)
0.76US$4.86M'22/1-0.54-US$3.44M'23/10.34US$2.14M'24/10.78US$4.95M'25/11.21US$7.71M'26/1
Capital Structure
51%
49%
EquityD/E 0.96xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
3.15US$20.1M3.22US$20.5M'22/12.50US$16.0M3.65US$23.3M'23/14.16US$26.6M4.44US$28.3M'24/13.67US$23.4M3.95US$25.2M'25/14.40US$28.0M5.74US$36.6M'26/1
Shareholders
Top 10 hold 59.8%
1
Masato TANI
23.79%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
8.64%
3
MT7 Co., Ltd.
7.15%
4
Custody Bank of Japan, Ltd. (Trust Account)
5.07%
5
K Asset Management Co., Ltd.
4.06%
6
GOLDMAN SACHS INTER NATIONAL (Standing Proxy: Goldman Sachs Japan Co., Ltd.)
2.78%
7
JP JPMSE LUX RE UBS AG LONDON BRANCH EQ CO (Standing Proxy: MUFG Bank, Ltd.)
2.65%
8
SBI SECURITIES Co., Ltd.
2.46%
9
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
1.79%
10
Masaharu CHONAN
1.39%
Management
8 officers
Masato TANI
Representative Director, CEO
Apr 2006 Joined Daytona International Co., Ltd. Apr 2007 Head of Business Division, Daytona International Co., Ltd. Dec 2008 Founded the Company; assumed office as Representative Director, CEO (current) Sep 2016 Director, TOKYO BASE HONG KONG., Ltd. (current) Mar 2019 Executive Director, Tokyo Base International Trade (Shanghai) Co., Ltd. Oct 2021 Director, Tokyo Base International Trade (Shanghai) Co., Ltd. (current) Feb 2024 President, TOKYO BASE NEWYORK. Inc. (current) Feb 2025 Representative Director, TOKYO BASE KOREA CO., LTD. (current)
1983-10-12
Katsu TAKAGI
Director, CFO
Apr 1996 Joined World Textile Co., Ltd. (now World Co., Ltd.) Sep 2005 Seconded to Shijie Shizhuang (China) Co., Ltd.; General Manager, Corporate Planning Office Sep 2012 Joined Point Co., Ltd. (now ADASTRIA Co., Ltd.) Oct 2012 Seconded to Fangzhen (Shanghai) Trading Co., Ltd.; General Manager, North China Region Feb 2014 Seconded to ADASTRIA KOREA CO., LTD.; President and Director Apr 2016 Seconded to Fangzhen (Shanghai) Trading Co., Ltd.; Managing Director Apr 2019 Joined the Company Jan 2020 Managing Director, Tokyo Base International Trade (Shanghai) Co., Ltd. Jun 2020 Director, TOKYO BASE HONG KONG., Ltd. (current) Oct 2021 Executive Director, Tokyo Base International Trade (Shanghai) Co., Ltd. (current) Apr 2022 Director of the Company Apr 2025 Director, CFO of the Company (current)
1973-06-26
Ayumi KUBO
Director
Mar 2011 Joined the Company Dec 2012 Store Manager, STUDIOUS Minami-Horie Store Sep 2019 General Manager, STUDIOUS Sales Division Mar 2020 General Manager, Education Promotion Office Dec 2020 General Manager, A+ TOKYO Business Division Dec 2022 General Manager, Sales Division Apr 2024 Director of the Company (current)
1988-07-02
Hiroaki TAKASHITA
Director
Feb 1986 Representative Director, Lucel Bleu Co., Ltd. (now Lystere Co., Ltd.) Jun 2005 Representative Director, BALENCIAGA JAPAN Apr 2007 Representative Director, Lystere Investment Aug 2021 Representative Director, 246 Co., Ltd. (current) Apr 2024 Outside Director of the Company (current)
1962-02-21
Yozaburo SASAKI
Director (Audit and Supervisory Committee Member)
Apr 1994 Joined Nihon Asia Investment Co., Ltd. Apr 2000 Joined Synox Corporation Apr 2001 Joined Dream Incubator Inc. Jan 2004 Joined Art Food International Co., Ltd. Jun 2004 Joined Rains International Inc. Apr 2011 Registered as Certified Management Consultant May 2014 Full-time Outside Audit and Supervisory Board Member of the Company May 2017 Full-time Outside Director (Audit and Supervisory Committee Member) of the Company (current) Jun 2024 Audit and Supervisory Board Member, KYC Consulting Co., Ltd. (current)
1971-11-05
Susumu JO
Director (Audit and Supervisory Committee Member)
Apr 1995 Joined Mitsubishi Electric Corporation Jun 1996 Joined Crossways Co., Ltd. Apr 2000 Joined Accessport Co., Ltd. (now JWord Co., Ltd.) Mar 2003 Founded Taijin Co., Ltd.; assumed office as Representative Director Feb 2007 Full-time Audit and Supervisory Board Member, S-Pool, Inc. (current) Feb 2010 Audit and Supervisory Board Member, S-Pool Human Solutions, Inc. (current) Jun 2010 Audit and Supervisory Board Member, Work Happiness Farm Co., Ltd. (now S-Pool Plus Co., Ltd.) (current) Dec 2013 Audit and Supervisory Board Member, S-Pool Logistics Co., Ltd. (current) Nov 2014 Audit and Supervisory Board Member, S-Pool Sales Support Co., Ltd. (current) Dec 2014 Outside Audit and Supervisory Board Member of the Company May 2017 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Dec 2019 Audit and Supervisory Board Member, S-Pool Link Co., Ltd. (current) Jun 2020 Audit and Supervisory Board Member, Blue Dot Green Co., Ltd. (current) Dec 2021 Audit and Supervisory Board Member, S-Pool Glocal Co., Ltd. (current)
1968-07-25
Koichi MATSUMOTO
Director (Audit and Supervisory Committee Member)
Sep 2003 Joined AGS Consulting Co., Ltd. Jan 2006 Joined Shinko Securities Co., Ltd. (now Mizuho Securities Co., Ltd.) Sep 2012 Joined Plus Alpha Consulting Co., Ltd. Oct 2014 Joined SMBC Nikko Securities Inc. Sep 2017 Outside Director, Valuable Marketing Group Co., Ltd. (current) Jul 2018 Representative Director, Appia Co., Ltd. (current) Jun 2021 Outside Audit and Supervisory Board Member, Gimmick Co., Ltd. (current) Apr 2023 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Mar 2025 Director, Showcase Co., Ltd. (current) Jun 2025 Vice President and Director, AI Fusion Capital Group Co., Ltd. (current) Jun 2025 Outside Director, e-Grand Co., Ltd. (current) Jan 2026 Outside Director, H.I.S. Co., Ltd. (current) Jan 2026 Outside Director, Tameny Co., Ltd. (current) Jan 2026 Outside Director, ReYuu Japan Co., Ltd. (current)
1980-03-26
Munenori SHIBUYA
Director (Audit and Supervisory Committee Member)
Sep 2001 Joined Nihon System Create Co., Ltd. Apr 2011 Registered as Certified Management Consultant Apr 2020 Representative Partner, Shinteisha LLC (current) Apr 2025 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1977-12-21
Large Shareholding Reports
Sumitomo Mitsui DS Asset Management Company, Limited
2026-06-22
4.91%
Goldman Sachs International
2026-05-22
5.92%→4.26%
Nomura Asset Management Co., Ltd.
2026-05-21
3.70%→3.74%
Goldman Sachs International
2026-04-22
5.92%
Nomura Asset Management Co., Ltd.
2026-03-19
3.70%
Nomura Asset Management Co., Ltd.
2026-02-06
3.69%→3.64%
Masato TANI
2025-12-11
27.56%→27.32%
Annual report (as of 2026-07-31): 23.79%
Masato TANI
2025-12-10
27.56%→27.32%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-07-31): 23.79%
Masato TANI
2025-12-09
27.56%→27.32%
Annual report (as of 2026-07-31): 23.79%
Nomura Asset Management Co., Ltd.
2025-12-05
3.69%
Goldman Sachs International
2025-12-05
5.35%→4.30%
Hidenori NAKAMIZU
2025-10-02
4.13%→3.37%
Goldman Sachs International
2025-09-05
5.35%
Hidenori NAKAMIZU
2025-09-04
5.17%→4.13%
Hidenori NAKAMIZU
2025-09-04
5.17%→4.13%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Hidenori NAKAMIZU
2025-08-12
6.07%→5.17%
Hidenori NAKAMIZU
2025-07-31
—
Hidenori NAKAMIZU
2025-07-31
6.52%→6.07%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-09-14
Q2 Earnings Flash
FY ending Jan 2027
EDINET
2026-09-14
Semi-Annual Securities Report
Period: Feb 2026 – Jan 2027
EDINET
2026-06-22
Large Shareholding Report
TDnet
2026-06-15
Q1 Earnings Flash
FY ending Jan 2027
EDINET
2026-05-22
Large Shareholding Report
EDINET
2026-05-21
Large Shareholding Report
EDINET
2026-04-22
Large Shareholding Report
EDINET
2026-04-22
Annual Securities Report
Period: Feb 2025 – Jan 2026
EDINET
2026-03-19
Large Shareholding Report
EDINET
2026-02-06
Large Shareholding Report
TDnet
2025-12-15
Q3 Earnings Flash
FY ending Jan 2026
EDINET
2025-12-11
Large Shareholding Report
EDINETAmended
2025-12-10
Change Report
EDINET
2025-12-09
Large Shareholding Report
EDINET
2025-12-05
Large Shareholding Report
EDINET
2025-12-05
Large Shareholding Report
EDINET
2025-10-02
Large Shareholding Report
EDINET
2025-09-16
Semi-Annual Securities Report
Period: Feb 2025 – Jan 2026
EDINET
2025-09-05
Large Shareholding Report
EDINET
2025-09-04
Large Shareholding Report
EDINETAmended
2025-09-04
Change Report
EDINET
2025-08-12
Large Shareholding Report
EDINETAmended
2025-07-31
Change Report
EDINETAmended
2025-07-31
Change Report
TDnet
2025-06-16
Q1 Earnings Flash
FY ending Jan 2026
EDINET
2025-04-23
Annual Securities Report
Period: Feb 2024 – Jan 2025
TDnet
2024-12-16
Q3 Earnings Flash
FY ending Jan 2025
EDINET
2024-09-17
Semi-Annual Securities Report
Period: Feb 2024 – Jan 2025
EDINET
2024-06-14
Quarterly Securities Report
Period: Feb 2024 – Apr 2024
TDnet
2024-06-14
Q1 Earnings Flash
FY ending Jan 2025
Ask AI
I have this company's financials, ownership, and management on hand. Ask me anything from an M&A perspective.
End of Preview

Try the full product

Free demo (no time limit, up to 10 companies). Explore Comps, DCF, LBO, WACC on every screen. Excel export is on the paid plan.

Free Demo (No Time Limit, 10 Companies) →