Overview
Information & Communication

istyle Inc.

istyle Inc. operates Japan's largest cosmetics and beauty information platform '@cosme,' which aggregates consumer reviews and product data to serve as a comprehensive beauty portal. The company monetizes this platform across four segments: Marketing Support (digital advertising and data-driven solutions for cosmetics brands), Retail (e-commerce via @cosme SHOPPING and physical specialty stores @cosme STORE including flagship locations in Harajuku, Osaka, and Nagoya), Global (EC, wholesale, and media operations across Asia and beyond), and Other (beauty staffing, BtoC subscription services, and venture investment). Its competitive strength lies in the scale of its proprietary consumer review database and cross-industry reach spanning media, retail, and B2B services within the beauty sector.

Market Cap
¥46.6B
US$297M
EV
¥39.8B
US$254M
Stock¥466▲+1.97%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.0
x
LTM EV/EBIT
9.7
x
LTM PER
15.5
x
LTM PBR
2.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-21.3%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 11, 25Q2 earnings announcement
2Aug 14, 26FY6/26 operating profit +29.1% beat, buyback of 7.5% shares (¥2.8bn) announced
MC → EV Bridge
46.6BUS$297MMarket Cap6.18BUS$39.4M+ Debt9.75BUS$62.2M− Cash3.39BUS$21.6M− Inv. Sec.0.14BUS$0.91M+ NCI39.8BUS$254MEV
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Performance & Balance
Revenue 5Y (¥B)
34.4US$219M'22/642.9US$274M'23/656.1US$358M'24/668.8US$439M'25/681.8US$522M'26/6
EBITDA 5Y (¥B)
1.40US$8.94M'22/62.74US$17.4M'23/63.79US$24.2M'24/65.05US$32.2M'25/66.40US$40.8M'26/6
Net Income 5Y (¥B)
-0.57-US$3.64M'22/60.28US$1.75M'23/61.21US$7.74M'24/62.33US$14.8M'25/63.01US$19.2M'26/6
Capital Structure
79%
21%
EquityD/E 0.27xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
7.20US$45.9M9.80US$62.5M'22/67.72US$49.2M4.43US$28.3M'23/69.32US$59.4M4.72US$30.1M'24/610.7US$68.5M8.74US$55.7M'25/613.1US$83.8M6.18US$39.4M'26/6
Shareholders
Top 10 hold 53.0%
1
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
9.56%
2
Y Co., Ltd.
8.73%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.72%
4
Tetsuro YOSHIMATSU
6.66%
5
Custody Bank of Japan, Ltd. (Trust Account)
6.34%
6
MITSUI & CO.,LTD.
5.72%
7
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
2.72%
8
JPMorgan Securities Japan Co., Ltd.
1.99%
9
Tsuzuki International Scholarship Foundation (General Incorporated Foundation)
1.90%
10
Asuka Kaihatsu LLC
1.69%
Management
11 officers
Tetsuro YOSHIMATSU
Representative Director, Chairman
Apr 1996 Joined Andersen Consulting (now Accenture Japan Ltd.) Jul 1999 Founded the Company Representative Director, President Jun 2016 Outside Director, UT Group Co., Ltd. Oct 2018 Outside Director, Planet Co., Ltd. (current) Apr 2019 Representative Director, IS Monozukuri Preparatory Co., Ltd. (now istyle Products Co., Ltd.) Sep 2022 Representative Director, Chairman and CEO, the Company (current)
1972-08-13
So ENDO
Representative Director, President
Apr 1996 Joined Yanase Co., Ltd. May 1998 Joined Funai Soken Inc. Feb 2003 Joined Taiyo System Technology Co., Ltd. (now Digital Forun Co., Ltd.) Mar 2005 Joined Tashiro Yakuhin Co., Ltd. Jan 2007 Director, Cosmenext Co., Ltd. (now istyle Retail Co., Ltd.) Jun 2012 Director, Cosme.com Co., Ltd. (now istyle Retail Co., Ltd.) Jul 2012 Joined the Company Jul 2014 Representative Director, Cosme.com Co., Ltd. (now istyle Retail Co., Ltd.) Jul 2014 Representative Director, Cosmenext Co., Ltd. (now istyle Retail Co., Ltd.) (current) Apr 2016 Director, istyle China Corporation Limited (now istyle Global (Hong Kong) Co., Limited) Sep 2018 Director, istyle Trading Co., Ltd. (current) Jul 2020 Director, istyle Retail (Hong Kong) Co., Limited (current) Sep 2022 Representative Director, President and COO, the Company (current) Jan 2023 Representative Director, istyle Career Co., Ltd. Jul 2023 Representative Director, Sydney Co., Ltd. (current) Jul 2023 Director, istyle China Co., Limited (current) Jul 2025 Director, istyle Career Co., Ltd.
1973-09-10
Takashi SUGAWARA
Director, Vice Chairman
May 1996 Joined Andersen Consulting (now Accenture Japan Ltd.) Jan 2000 Joined Arthur D. Little (Japan), Inc. Sep 2001 Non-Executive Director, the Company Sep 2004 Director, the Company Feb 2008 Representative Director, Cosme.com Co., Ltd. (now istyle Retail Co., Ltd.) Sep 2012 Director and CFO, the Company Sep 2015 Representative Director, istyle Global (Singapore) Pte. Limited (current) Jun 2016 Director, iSGS Investment Works Co., Ltd. (current) Oct 2016 Director, istyle Retail (Hong Kong) Co., Limited (current) Jun 2018 Outside Director, Fringe81 Co., Ltd. (now Unipos Inc.) Jan 2020 Chairman and General Manager, istyle China Co., Limited Mar 2021 Outside Director, Open8 Co., Ltd. (current) Mar 2022 Director, Glowdayz, Inc. Sep 2022 Director, Vice Chairman and CFO, the Company (current) Jul 2023 Outside Director, GENEROSITY Co., Ltd. Jun 2024 Representative Director, Glowdayz, Inc. (current) Jul 2024 Outside Director and Audit and Supervisory Committee Member, GENEROSITY Co., Ltd. (current)
1969-08-13
Meyumi YAMADA
Director
Apr 1995 Joined Kae Kogyo Co., Ltd. May 1997 Joined Kiss Me Cosmetics Co., Ltd. (now Isehan Co., Ltd.) Jul 1999 Founded the Company, Representative Director Dec 2009 Director, the Company (current) May 2012 Representative Director, Cyberstar Inc. (merged into the Company on Jul 1, 2017)* Sep 2015 Director, Media Globe Co., Ltd. Mar 2016 Representative Director, IS Partners Co., Ltd. Jun 2017 Outside Director, Seino Holdings Co., Ltd. Jun 2017 Outside Director, Japan Post Insurance Co., Ltd. Jun 2021 Outside Director, SOMPO Holdings, Inc. (current) May 2022 Outside Director, Seven & i Holdings Co., Ltd. (current)
1972-08-30
Michimasa NAKA
Director
Apr 1989 Joined Salomon Brothers Asia Securities Co., Ltd. Oct 2009 Director, Citigroup Securities Co., Ltd. Dec 2009 Vice President and Director, Citigroup Securities Co., Ltd. Nov 2010 Representative Director and President, Stormharbour Securities Co., Ltd. Mar 2011 Corporate Auditor, GLM Co., Ltd. Jul 2014 Director, Asuka Asset Management Co., Ltd. Jul 2014 Director, eWeLL Co., Ltd. Sep 2014 Director, the Company (current) Oct 2014 Chairman and Director, Stormharbour Securities Co., Ltd. Nov 2014 Director, Geniee, Inc. Jul 2015 Director, Prevent Micro Insurance Co., Ltd. (now Mikata Micro Insurance Co., Ltd.) (current) Jul 2016 Representative Director, Boardwalk Capital Co., Ltd. (current) Jun 2017 Representative Director, Accelerator Co., Ltd. (current) Dec 2018 Representative Director, EARCH-YOU Co., Ltd. (now Boardwalk Trading Co., Ltd.) (current) Mar 2019 Director, Vision Co., Ltd. (current) May 2020 Director, Vector Inc. (current) May 2021 Outside Director, HOUYOU Co., Ltd. (now Houyou Co., Ltd.) (current) Oct 2022 Outside Director, HR Cloud Co., Ltd. (current)
1964-08-14
Shinsuke USAMI
Director
Apr 1996 Joined Tohmatsu Consulting Co., Ltd. (now Deloitte Tohmatsu Consulting LLC) Sep 1999 Founded Axive.com Inc. (now CARTA HOLDINGS, Inc.), Director and COO Sep 2002 Representative Director and CEO, Axive.com Inc. (now CARTA HOLDINGS, Inc.) Dec 2005 Director, CyberAgent, Inc. Oct 2018 Representative Director, VOYAGE GROUP Spin-off Preparatory Company (now CARTA HOLDINGS, Inc.) Jan 2019 Representative Director and Chairman, CARTA HOLDINGS, Inc. Jul 2019 Outside Director, Fringe81 Co., Ltd. (now Unipos Inc.) Jan 2020 Member, Dentsu Group DJN Board Sep 2021 Director, the Company (current) Jan 2023 Member, Dentsu Group DJ Advisory Board Jan 2023 Representative Director, Japan Internet Point Council (current) Jul 2023 Director and Chairman, CARTA COMMUNICATIONS, Inc. (now CARTA ZERO Inc.) Oct 2023 Director and Chairman, CARTA MARKETING FIRM Inc. (now CARTA ZERO Inc.) Jan 2024 Representative Director, President and CEO, CARTA HOLDINGS, Inc. Jan 2025 Representative Director and Chairman, CARTA COMMUNICATIONS, Inc. (now CARTA ZERO Inc.) Jun 2025 Director, Japan Interactive Advertising Association Jul 2025 Representative Director and CEO, CARTA ZERO Inc. Mar 2026 Representative Director, President and CEO, Supporters Holdings Inc. (current) Mar 2026 Outside Director, SmartNews, Inc. (current) Apr 2026 Outside Director, Mirrativ Inc. (current) Apr 2026 Director, Supporters Inc. (current) May 2026 Representative Director, VOYAGE CAPITAL Inc. (current) Jun 2026 Outside Director, Excite Holdings Co., Ltd. (current)
1972-10-12
Hikaru KANOKI
Director
Jun 1989 Joined Booz Allen & Hamilton Japan Inc. (now PwC Consulting LLC), Tokyo Office Aug 1995 Consumer Practice, Booz Allen & Hamilton Inc. (now Booz Allen Hamilton Inc.), Chicago Office Jan 1999 Director, Heinz Japan Co., Ltd. Aug 2003 Vice President, Middle East Region, LVJ Group K.K. (now Louis Vuitton Japan K.K.) Oct 2008 Director, adidas Japan K.K. Dec 2012 Representative Director, G-Star International K.K. Dec 2012 Representative Director, G-Star Retail Japan K.K. Jul 2021 Honorary Advisor, G-Star International K.K. Jul 2021 Honorary Advisor, G-Star Retail Japan K.K. Jul 2023 Outside Director, Graniph Inc. Sep 2024 Director, the Company (current)
1964-06-11
Mie MIURA
Director
Apr 2001 Joined Procter & Gamble (P&G) Jan 2016 CFO, APAC Region, Skin and Personal Care Business, Procter & Gamble (P&G) Mar 2018 Senior Finance Director, CFO for Japan, Korea and Taiwan, Johnson & Johnson K.K. Apr 2021 Chief Financial Officer, Executive Officer, Shiseido Japan Co., Ltd. Apr 2025 Director and CFO, Corporate Division, Sogo Medical Group Co., Ltd. (current) Sep 2025 Director, the Company (current)
1977-02-05
Haruto HARA
Full-time Corporate Auditor
Oct 1992 Joined Asahi Audit Corporation (now Azusa Audit LLC) Apr 1997 Registered as Certified Public Accountant Aug 2001 Joined Interaset Co., Ltd., Head of President's Office Sep 2005 Joined Toyo Shinyaku Co., Ltd., General Manager, Corporate Planning Department and Head of Administration Division Oct 2007 Director, Agel Consulting Co., Ltd. (current) Feb 2008 Corporate Auditor, the Company (current) Dec 2013 Corporate Auditor, Linet Japan Group Co., Ltd. Dec 2021 Outside Director and Audit and Supervisory Committee Member, Linet Japan Group Co., Ltd. (current)
1963-05-14
Kenji MIYAKO
Corporate Auditor
Apr 1983 Joined Arthur Andersen accounting firm Mar 1989 Founded Miyako Accounting Office, Director Aug 1990 Founded Altus Inc., Representative Director (current) Sep 1992 Director, Globis Corporation Sep 2003 Corporate Auditor, Macromill, Inc. Dec 2006 Corporate Auditor, the Company (current) Mar 2011 Corporate Auditor, Trenders Inc. Jul 2011 Director, Digital Coast Inc. (now Team Spirit Inc.) Aug 2012 Corporate Auditor, Glider Associates Inc. Jun 2013 Corporate Auditor, Globis Corporation (current) Nov 2015 Representative Member, Altus Tax Accountant Corporation (current) Jul 2016 Corporate Auditor, toBe Marketing Inc. Sep 2016 Director, SATORI Inc. (current) Jun 2017 Corporate Auditor, Asiro Inc. Jun 2018 Corporate Auditor, Cyber Buzz Inc. Dec 2019 Corporate Auditor, Open8 Co., Ltd. (current) May 2020 Corporate Auditor, Photraction Inc. (current) Dec 2022 Outside Director and Audit and Supervisory Committee Member, Cyber Buzz Inc. (current) Jun 2024 Outside Director and Audit and Supervisory Committee Member, Medix Inc. (current)
1959-11-14
Junko KOMUMORI
Corporate Auditor
Apr 1990 Joined Nikko Securities Co., Ltd. (now SMBC Nikko Securities Inc.) Oct 1995 Joined Century Audit Corporation (now Azusa Audit LLC) Apr 1999 Registered as Certified Public Accountant Oct 2001 Seconded to KPMG Business Assurance Co., Ltd. (now KPMG Consulting Co., Ltd.) Oct 2008 Founded Komumori Certified Public Accountant Office, Representative (current) Mar 2019 Full-time Corporate Auditor, toBe Marketing Inc. Sep 2023 Corporate Auditor, the Company (current) Mar 2026 Outside Director and Audit and Supervisory Committee Member, GMO Internet Group, Inc. (current)
1968-01-16
Large Shareholding Reports
Asset Management One Co., Ltd.
2026-09-07
5.11%→6.17%
Y Co., Ltd.
2026-09-04
11.42%→11.42%
Annual report (as of 2026-06-30): 8.73%
Sumitomo Mitsui DS Asset Management Company, Limited
2026-07-07
4.23%
Asset Management One Co., Ltd.
2026-07-07
5.11%
Y Co., Ltd.
2026-07-02
11.55%→11.42%
Annual report (as of 2026-06-30): 8.73%
Asset Management One Co., Ltd.
2026-05-12
6.62%→4.99%
Societe Generale
2026-03-23
3.95%→2.88%
Societe Generale
2026-03-19
2.88%
Société Générale
2026-03-05
3.95%
Societe Generale Securities Japan Ltd.
2026-03-05
1.26%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Y Co., Ltd.
2025-10-10
11.55%→11.55%
Annual report (as of 2026-06-30): 8.73%
Asset Management One Co., Ltd.
2025-10-07
7.70%→6.62%
Y Co., Ltd.
2025-09-16
12.21%→11.55%
Annual report (as of 2026-06-30): 8.73%
Mitsui & Co., Ltd.
2025-09-11
7.17%→5.59%
Annual report (as of 2026-06-30): 5.72%
Y Co., Ltd.
2025-09-01
12.83%→12.83%
Annual report (as of 2026-06-30): 8.73%
Y Co., Ltd.
2025-09-01
12.83%→12.83%
Annual report (as of 2026-06-30): 8.73%
Y Co., Ltd.
2025-09-01
12.84%→12.83%
Annual report (as of 2026-06-30): 8.73%
Y Co., Ltd.
2025-09-01
12.83%→12.21%
Annual report (as of 2026-06-30): 8.73%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-25
Annual Securities Report
Period: Jul 2025 – Jun 2026
EDINET
2026-09-07
Large Shareholding Report
EDINET
2026-09-04
Large Shareholding Report
TDnet
2026-08-13
Full-Year Earnings Flash
FY ending Jun 2026
EDINET
2026-07-07
Large Shareholding Report
EDINET
2026-07-07
Large Shareholding Report
EDINET
2026-07-02
Large Shareholding Report
EDINET
2026-05-12
Large Shareholding Report
TDnet
2026-05-08
Q3 Earnings Flash
FY ending Jun 2026
EDINETAmended
2026-03-23
Change Report
EDINET
2026-03-19
Large Shareholding Report
EDINETAmended
2026-03-05
Change Report
EDINET
2026-03-05
Large Shareholding Report
EDINET
2026-02-12
Semi-Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2025-11-10
Q1 Earnings Flash
FY ending Jun 2026
EDINET
2025-10-10
Large Shareholding Report
EDINET
2025-10-07
Large Shareholding Report
EDINET
2025-09-26
Annual Securities Report
Period: Jul 2024 – Jun 2025
EDINET
2025-09-16
Large Shareholding Report
EDINET
2025-09-11
Large Shareholding Report
EDINET
2025-09-01
Large Shareholding Report
EDINET
2025-09-01
Large Shareholding Report
EDINET
2025-09-01
Large Shareholding Report
EDINET
2025-09-01
Large Shareholding Report
TDnet
2025-05-13
Q3 Earnings Flash
FY ending Jun 2025
EDINET
2025-02-12
Semi-Annual Securities Report
Period: Jul 2024 – Jun 2025
TDnet
2024-11-08
Q1 Earnings Flash
FY ending Jun 2025
EDINET
2024-09-26
Annual Securities Report
Period: Jul 2023 – Jun 2024
EDINET
2024-05-13
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
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