Overview
Information & Communication

M - mart Inc.

M-mart operates a B2B e-marketplace platform ('Mマート') specializing in wholesale food ingredients and related products, connecting seller companies (food producers, distributors) with buyer companies in the restaurant, hospitality, and prepared-food industries. The platform offers two primary service models: a storefront subscription model (fixed monthly fee plus variable marketplace usage fee) and a listing model (fully performance-based system usage fee), enabling sellers to reduce sales overhead and expand distribution while allowing buyers to source competitively priced ingredients efficiently. As of March 2026, the platform has registered over 241,000 buyer member companies, with revenue derived primarily from seller-side listing fees and transaction-based charges.

Market Cap
¥6.47B
US$41.2M
EV
¥3.74B
US$23.9M
Stock¥661▼-1.34%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.3
x
LTM EV/EBIT
5.4
x
LTM PER
13.5
x
LTM PBR
2.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-18.8%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
6.47BUS$41.2MMarket Cap0.00BUS$0.00M+ Debt2.72BUS$17.4M− Cash0.00BUS$0.00M− Inv. Sec.3.74BUS$23.9MEV
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Performance & Balance
Revenue 5Y (¥B)
0.90US$5.75M'22/10.99US$6.29M'23/11.17US$7.47M'24/11.29US$8.25M'25/11.36US$8.69M'26/1
EBITDA 5Y (¥B)
0.27US$1.73M'22/10.35US$2.24M'23/10.49US$3.10M'24/10.52US$3.35M'25/10.64US$4.07M'26/1
Net Income 5Y (¥B)
0.18US$1.16M'22/10.24US$1.50M'23/10.32US$2.07M'24/10.35US$2.20M'25/10.42US$2.70M'26/1
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.37US$8.73M'22/11.60US$10.2M'23/11.96US$12.5M'24/12.22US$14.2M'25/12.57US$16.4M'26/1
Shareholders
Top 10 hold 80.8%
1
Sumio MURAHASHI
30.52%
2
M Holdings LLC
15.55%
3
Yukino UI
7.77%
4
Toshie KUTANDA
7.77%
5
Katsuko MURAHASHI
4.91%
6
THE BANK OF NEW YORK MELLON 140040 (Standing Proxy: Mizuho Bank, Ltd.)
4.65%
7
Nobushige MURAHASHI
4.51%
8
Daisuke GOMI
2.70%
9
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd., Operations Division)
1.39%
10
Keiichiro KINOSHITA
1.03%
Management
7 officers
Sumio MURAHASHI
Representative Director, President
Feb 1954 Joined Den'en Sightseeing Café, Beppu City Jul 1959 Joined Buckingham; Manager Apr 1980 Founded Maruwa Jitsugyo Co., Ltd.; Director Apr 1993 Founded Matsuri Limited Company; Director Feb 2000 Founded the Company; Representative Director, President (current)
1936-05-04
Toshie KUTANDA
Managing Director, General Manager of Sales Headquarters
Apr 1977 Joined Teijin Papilio Co., Ltd. Feb 1987 Joined Mita Home Co., Ltd. Feb 1990 Joined Maruwa Jitsugyo Co., Ltd. Apr 1993 Founded Matsuri Limited Company; Representative Director Apr 2012 Joined the Company; Director Apr 2016 Managing Director, General Manager of Sales Headquarters (current)
1959-03-28
Yukino UI
Director, General Manager of Business Management Headquarters
Apr 1992 Joined Mizuguchi Hospital Oct 1996 Joined Matsuri Limited Company Jun 1997 Joined Kouei Hoan Co., Ltd. Dec 2000 Joined the Company; Director Apr 2016 Director, General Manager of President's Office Jan 2017 Director, General Manager of Business Management Headquarters (current)
1973-04-27
Atsunobu ISHIDA
Outside Director
Oct 1994 Joined Aoyama Audit Corporation Oct 1999 Joined Chuo Audit Corporation Jul 2000 Joined Esplede Inc. Oct 2004 Executive Officer, General Manager of Corporate Planning Office, Esplede Inc. Jun 2007 Partner, Tokiwa United Partners LLP (current) Jun 2007 Representative Director, Tokiwa Financial Advisory Co., Ltd. (current) Dec 2017 Joined the Company; Outside Audit & Supervisory Board Member Apr 2021 Outside Director (current)
1972-11-25
Yasushi ONODERA
Full-time Audit & Supervisory Board Member
Apr 1974 Joined Tokyu Land Corporation Apr 2008 Joined Tokyu Resort Corporation; Representative Director, President Apr 2009 Joined Tokyu Sports Oasis Corporation; Representative Director, President Apr 2014 Joined the Company; Director, Vice President May 2020 Director Apr 2021 Full-time Audit & Supervisory Board Member (current)
1949-11-03
Hideyuki NAKATA
Outside Audit & Supervisory Board Member
Apr 1973 Joined Marubishi Sogo Co., Ltd. May 1975 Joined Ishihara Tax Accounting Office Apr 1984 Founded Nakata Accounting Office (current) Aug 2016 Joined the Company; Outside Audit & Supervisory Board Member (current)
1951-10-09
Akifumi DOI
Outside Audit & Supervisory Board Member
Apr 1997 Joined Deloitte Touche Tohmatsu LLC Sep 2006 Joined Citia Certified Public Accountants Joint Office (current) Feb 2007 Outside Audit & Supervisory Board Member, Oben Co., Ltd. May 2010 Joined Eizon Partners Co., Ltd.; Representative Partner (current) Apr 2017 Joined the Company; Outside Audit & Supervisory Board Member (current)
1971-05-12
Large Shareholding Reports
No filings
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
TDnet
2026-06-15
Q1 Earnings Flash
FY ending Jan 2027
EDINET
2026-04-23
Annual Securities Report
Period: Feb 2025 – Jan 2026
TDnet
2025-12-15
Q3 Earnings Flash
FY ending Jan 2026
EDINET
2025-09-16
Semi-Annual Securities Report
Period: Feb 2025 – Jan 2026
TDnet
2025-06-16
Q1 Earnings Flash
FY ending Jan 2026
EDINET
2025-04-25
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
EDINET
2024-04-23
Annual Securities Report
Period: Feb 2023 – Jan 2024
EDINET
2023-12-15
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
2023-04-24
Annual Securities Report
Period: Feb 2022 – Jan 2023
EDINET
2022-12-15
Quarterly Securities Report
EDINET
2022-09-14
Quarterly Securities Report
EDINET
2022-06-14
Quarterly Securities Report
EDINET
2022-04-22
Annual Securities Report
EDINET
2021-12-15
Quarterly Securities Report
EDINET
2021-09-14
Quarterly Securities Report
EDINET
2021-06-14
Quarterly Securities Report
EDINET
2021-04-23
Annual Securities Report
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