Overview
Information & Communication

Enigmo Inc.

Enigmo Inc. operates BUYMA, a C2C cross-border fashion marketplace that connects buyers in Japan with personal shoppers residing in 182 countries worldwide, offering over 6.5 million items across 18,800+ brands. The platform enables personal shoppers to list and procure fashion, beauty, and lifestyle products without holding inventory, providing Japanese consumers access to global trends at competitive prices. The company also operates BUYMA TRAVEL, a C2C travel platform connecting Japanese travelers with Japan-based local guides abroad for private tours and activity services.

Market Cap
¥16.6B
US$106M
EV
¥7.20B
US$45.9M
Stock¥418▲+0.97%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
71.6
x
LTM PBR
1.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-22.2%pt
1001234
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jan 30, 26Continued decline from previous day
2Feb 27, 26Individual stock rise in market recovery phase
3Mar 24, 26Individual stock rise following market trend
4Jun 12, 26Q1 FY2027/01 earnings announced
MC → EV Bridge
16.6BUS$106MMarket Cap0.06BUS$0.40M+ Debt6.49BUS$41.4M− Cash2.97BUS$18.9M− Inv. Sec.0.01BUS$0.06M+ NCI7.20BUS$45.9MEV
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Performance & Balance
Revenue 5Y (¥B)
7.62US$48.6M'22/16.87US$43.8M'23/16.20US$39.6M'24/15.93US$37.8M'25/16.30US$40.1M'26/1
EBITDA 5Y (¥B)
2.99US$19.1M'22/11.16US$7.38M'23/11.02US$6.51M'24/10.78US$5.00M'25/10.13US$0.80M'26/1
Net Income 5Y (¥B)
2.06US$13.1M'22/10.71US$4.54M'23/10.84US$5.34M'24/10.43US$2.76M'25/10.33US$2.08M'26/1
Capital Structure
99%
EquityD/E 0.01xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
13.1US$83.3M'22/110.9US$69.3M'23/111.8US$75.5M'24/112.8US$81.9M0.21US$1.34M'25/112.7US$81.3M0.07US$0.44M'26/1
Shareholders
Top 10 hold 55.8%
1
SONY GROUP CORPORATION
25.20%
2
Masahiro SUDA
13.00%
3
Hideo ANDO
8.60%
4
The Master Trust Bank of Japan, Ltd. (Trust Account)
3.90%
5
FP Growth Support A Investment Limited Partnership
2.00%
6
SMBC Nikko Securities Inc.
1.00%
7
Yuji NISHIMURA
0.70%
8
Custody Bank of Japan, Ltd. (Trust Account)
0.50%
9
Kiyoshi AKIYAMA
0.50%
10
Hisayuki TSUTSUMI
0.40%
Management
7 officers
Masahiro SUDA
Representative Director, CEO
Apr 2000 Joined Hakuhodo Inc. Feb 2004 Established Enigmo Inc.; Representative Director of the Company Apr 2005 Co-Representative Director and Co-CEO of the Company Apr 2013 Representative Director and CEO of the Company (current)
1974-04-30
Hideo ANDO
Director, COO
Apr 1997 Joined Dentsu International Information Services, Inc. (now Dentsu Soken Inc.) Feb 2004 Established Enigmo Inc.; Audit & Supervisory Board Member of the Company Apr 2005 Director of the Company Apr 2010 Director and COO of the Company (current)
1974-10-14
Yoichi KANEDA
Director, General Manager of Corporate Operations Division
Apr 2001 Joined Seat to Network Co., Ltd. Jul 2004 Joined B-One Foods Co., Ltd. (now Exact Corporation) Jun 2007 Head of Business Planning Office, same company Dec 2008 General Manager, Snack Business Division, same company Oct 2010 Joined Enigmo Inc.; General Manager, Corporate Operations Division Feb 2012 Executive Officer and General Manager, Corporate Operations Division of the Company Apr 2014 Director and General Manager, Corporate Operations Division of the Company (current) Mar 2021 Outside Director, subsclife Inc. (now Social Interia Inc.) (current) Jul 2024 Outside Director, Non Brokers Inc. (now HOUSE REVO Inc.) (current) Mar 2026 Director, BUYMA TRAVEL Inc. (current)
1978-08-19
Nobuyuki ODAJIMA
Director
Apr 2001 Joined Sony Corporation (now Sony Group Corporation) Apr 2014 General Manager, IEP Section, New Business Creation Department, Sony Corporation Dec 2014 Director, Qrio Inc. Aug 2015 Director, Aerosense Inc. Jul 2016 General Manager, COSIA Business Division, Sony Corporation (now Sony Group Corporation) Jul 2017 Deputy General Manager, Business Acceleration and Collaboration Division, same company Apr 2018 Outside Director of the Company (current) Oct 2018 General Manager, Open Innovation & Collaboration Department, Sony Group Corporation Nov 2019 General Manager, Business Acceleration Department, same company Jul 2022 Director, Suprim Inc. (current) Feb 2024 General Manager, Business Acceleration and Collaboration Division, Sony Group Corporation (current) Apr 2024 Director, Sony Global Education Inc. (current)
1978-03-19
Akiko TAKAHARA
Director, Audit and Supervisory Committee Member
Apr 1991 Joined Mitsubishi Corporation Jun 1999 Joined SoftBank Corp. Dec 2000 Joined e-Shopping Books Co., Ltd. (now Seven & i Net Media Inc.) Apr 2005 Director, Pramedo Inc. Mar 2007 Joined Mizuho Securities Co., Ltd. Nov 2008 Joined Benesse Style Care Co., Ltd. May 2012 Joined Revamp Inc. Apr 2014 Full-time Audit & Supervisory Board Member, Wantedly, Inc. Nov 2015 Outside Director (Full-time Audit and Supervisory Committee Member), Wantedly, Inc. Dec 2017 Outside Director, PCI Holdings, Inc. Dec 2018 Outside Director (Audit and Supervisory Committee Member), PCI Holdings, Inc. Feb 2021 Outside Audit & Supervisory Board Member, Vivid Garden Inc. (current) Jul 2021 Outside Audit & Supervisory Board Member, Rev Consulting Inc. Apr 2023 Outside Director (Full-time Audit and Supervisory Committee Member) of the Company (current) May 2024 Outside Director (Audit and Supervisory Committee Member), Rev Consulting Inc. (current) Mar 2026 Audit & Supervisory Board Member, BUYMA TRAVEL Inc. (current)
1967-08-31
Yasumichi EDOGAWA
Director, Audit and Supervisory Committee Member
Mar 1997 Joined Ohta Showa Audit Corporation (now EY ShinNihon LLC) Jul 2010 Partner, same firm Jul 2015 Deputy Director, Enterprise Growth Support Center, same firm Jul 2019 Managing Partner, EDiX Professional Group Edogawa CPA Office (current) Dec 2019 Outside Audit & Supervisory Board Member, INCJ, Ltd. (current) Apr 2020 Audit & Supervisory Board Member of the Company Jan 2021 Outside Audit & Supervisory Board Member, Heartseed Inc. (current) Apr 2022 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Sep 2025 Outside Director, Axis Consulting Inc. (current)
1974-11-30
Naoko SHIMURA
Director, Audit and Supervisory Committee Member
Apr 1999 Registered as attorney; joined Nishimura & Partners (now Nishimura & Asahi) Sep 2004 Joined Debevoise & Plimpton LLP (New York) Apr 2005 Admitted to the New York State Bar Jan 2008 Partner Attorney, Nishimura & Asahi (current) Sep 2008 Part-time Lecturer, Graduate School of International Corporate Strategy, Hitotsubashi University May 2016 Outside Audit & Supervisory Board Member, Tabikobo Co., Ltd. Jun 2018 Outside Director, mixi, Inc. Sep 2018 Part-time Lecturer, Graduate School of Law, Hitotsubashi University (current) Jun 2019 Outside Audit & Supervisory Board Member, Nippon Signal Co., Ltd. Jun 2023 Outside Director, Tsukishima Holdings Co., Ltd. (current) Mar 2025 Outside Director, Nexera Pharma Inc. (current) Apr 2026 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1974-06-05
Large Shareholding Reports
Masahiro SUDA
2025-10-03
12.39%→12.39%
Annual report (as of 2026-07-31): 13.00%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-14
Semi-Annual Securities Report
Period: Feb 2026 – Jan 2027
TDnet
2026-09-14
Q2 Earnings Flash
FY ending Jan 2027
TDnet
2026-06-12
Q1 Earnings Flash
FY ending Jan 2027
EDINET
2026-04-27
Annual Securities Report
Period: Feb 2025 – Jan 2026
TDnet
2025-12-15
Q3 Earnings Flash
FY ending Jan 2026
EDINET
2025-10-03
Large Shareholding Report
EDINET
2025-09-12
Semi-Annual Securities Report
Period: Feb 2025 – Jan 2026
TDnet
2025-06-13
Q1 Earnings Flash
FY ending Jan 2026
EDINET
2025-04-25
Annual Securities Report
Period: Feb 2024 – Jan 2025
TDnet
2024-12-13
Q3 Earnings Flash
FY ending Jan 2025
EDINET
2024-09-13
Semi-Annual Securities Report
Period: Feb 2024 – Jul 2024
TDnet
2024-06-14
Q1 Earnings Flash
FY ending Jan 2025
EDINET
2024-06-14
Quarterly Securities Report
Period: Feb 2024 – Apr 2024
EDINET
2024-04-25
Annual Securities Report
Period: Feb 2023 – Jan 2024
EDINET
2023-12-14
Quarterly Securities Report
Period: Aug 2023 – Oct 2023
EDINET
2023-09-14
Quarterly Securities Report
Period: May 2023 – Jul 2023
EDINET
2023-06-14
Quarterly Securities Report
Period: Feb 2023 – Apr 2023
EDINET
2023-04-27
Annual Securities Report
Period: Feb 2022 – Jan 2023
EDINET
2022-12-14
Quarterly Securities Report
EDINETAmended
2022-11-18
Amended Annual Securities Report
EDINET
2022-09-14
Quarterly Securities Report
EDINET
2022-06-14
Quarterly Securities Report
EDINET
2022-04-28
Annual Securities Report
EDINET
2021-12-14
Quarterly Securities Report
EDINET
2021-09-14
Quarterly Securities Report
EDINET
2021-06-14
Quarterly Securities Report
EDINET
2021-04-28
Annual Securities Report
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