Overview
-

HUMAN MADE Inc.

HUMAN MADE Inc. is a Tokyo-based lifestyle and apparel brand company operating under the 'HUMAN MADE' brand, founded by designer NIGO® in 2010 and incorporated in 2016. The company designs, produces, and sells high-quality apparel and lifestyle goods under the concept 'The Future Is In The Past,' distributing through its own e-commerce platform and directly operated retail stores in Japan, as well as wholesale and licensed partner stores across China, South Korea, Hong Kong, and other international markets. Revenue is further diversified through collaborations with global creators and brands (e.g., KAWS, VERDY, NIKE, Levi's), food and beverage operations (CURRY UP, Blue Bottle Coffee), creative branding solutions for corporate clients, and IP licensing.

Market Cap
¥176B
US$1.12B
EV
¥166B
US$1.06B
Stock¥1,920▲+2.13%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
35.0
x
LTM EV/EBIT
36.6
x
LTM PER
59.8
x
LTM PBR
13.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+98.9%pt
1001
Nov 27, 25 – Oct 23, 26StockTOPIX
1Jun 16, 26Q1 FY2027/01 earnings announced
MC → EV Bridge
176BUS$1.12BMarket Cap0.18BUS$1.17M+ Debt10.4BUS$66.4M− Cash0.00BUS$0.00M− Inv. Sec.166BUS$1.06BEV
AI Briefing
Generating insights…
Performance & Balance
Capital Structure
99%
EquityD/E 0.01xDebt
Shareholders
Top 10 hold 83.0%
1
NIGOLD Co., Ltd.
42.41%
2
Pharrell WILLIAMS (Domestic Contact: HUMAN MADE Co., Ltd.)
18.15%
3
Custody Bank of Japan, Ltd. (Trust Account)
5.99%
4
Tomoaki NAGAO
3.61%
5
Rei MATSUNUMA
2.45%
6
Junichi YANAGISAWA
2.45%
7
Reito HATOYAMA (Domestic Contact)
2.45%
8
STATE STREET BANK AND TRUST COMPANY 505025 (Standing Proxy: Mizuho Bank, Ltd.)
2.40%
9
The Master Trust Bank of Japan, Ltd. (Trust Account)
1.58%
10
Nomura Securities Co., Ltd.
1.49%
Management
8 officers
Rei MATSUNUMA
Representative Director, CEO and COO
Feb 2004 Joined Fast Retailing Co., Ltd. Nov 2005 Transferred to UNIQLO Co., Ltd. May 2017 General Manager, PR Division, Global Marketing Department, and General Manager, UT & Collaboration Business Promotion Division, UNIQLO Co., Ltd. Mar 2020 General Manager, Japan Marketing Division, UNIQLO Co., Ltd. Jul 2021 Director of the Company Aug 2021 Director and COO of the Company Sep 2022 Representative Director, President and COO of the Company May 2024 Representative Director, CEO and COO of the Company (current)
1978-07-25
Junichi YANAGISAWA
Director, CFO
Apr 2002 Joined Venture Link Co., Ltd. Sep 2003 Joined Five Eyes Networks Co., Ltd. Dec 2009 Joined Deloitte Touche Tohmatsu LLC Sep 2012 Registered as Certified Public Accountant Oct 2012 Transferred to Deloitte Tohmatsu Financial Advisory LLC Feb 2016 Non-executive Director of the Company; Founded Izanagi Partners LLC, Representative Partner (current) Oct 2018 Director and CFO of the Company (current)
1978-07-13
Reito HATOYAMA
Director, CSO
Apr 1997 Joined Mitsubishi Corporation May 2008 Joined Sanrio Co., Ltd.; COO, Sanrio, Inc. Jun 2010 Director, Sanrio Co., Ltd. Apr 2013 Managing Director, Sanrio Co., Ltd. Jun 2013 Outside Director, DeNA Co., Ltd. Jun 2015 CEO, Sanrio Media & Pictures Entertainment, Inc. Mar 2016 Outside Director, LINE Corporation (now LY Corporation) Apr 2016 Outside Director, Pigeon Corporation Jun 2016 Outside Director, trans cosmos inc. (current) Jul 2016 Founded Hatoyama Research Institute Inc., Representative Director (current); Advisory Board Member, UUUM Inc. (current); Venture Partner, Sozo Ventures L.C.C. (current) Mar 2019 Outside Director, Mythical Games, Inc. Jan 2021 Director and CSO of the Company (current) Mar 2021 Outside Director and Audit and Supervisory Committee Member, Z Holdings Corporation (now LY Corporation) Mar 2023 Outside Director and Chairman of the Board, Pigeon Corporation (current)
1974-01-12
Shion OKAMOTO
Outside Director
Sep 2008 Registered as attorney (Daini Tokyo Bar Association); joined Mori Hamada & Matsumoto Aug 2016 Joined Yahoo Japan Corporation (now LY Corporation); seconded to YJ Capital Inc. (now Z Venture Capital Inc.) Aug 2021 CFO and General Counsel, Z Venture Capital Inc. Apr 2022 Seconded to Z Holdings Corporation (now LY Corporation), Finance Division, Engagement Manager May 2022 Outside Audit & Supervisory Board Member, AEON FANTASY Co., Ltd. (current) Sep 2022 Outside Audit & Supervisory Board Member, WAKUWAKU Co., Ltd. Jan 2023 Outside Director of the Company (current) Nov 2023 Advisor, Seino Holdings Co., Ltd. Jan 2024 Founded neo Shukatsu Inc., Representative Director (current) Mar 2025 Outside Director, OKAN Co., Ltd. (current)
1984-08-14
David MARKS
Outside Director
Jun 2010 Joined Google LLC Nov 2021 Asia-Pacific Senior Director, Corporate and Product Communications, Google LLC Jan 2023 Outside Director of the Company (current) Apr 2024 Joined NOT A HOTEL Inc. May 2024 Executive Officer (Expert Committee) of NOT A HOTEL Inc. (current)
1978-11-30
Mika KAWASAKI
Full-time Outside Audit & Supervisory Board Member
Apr 1997 Joined Bank of Japan Oct 2003 Joined Asahi Audit Corporation (now Azsa LLC) Jun 2007 Registered as Certified Public Accountant Oct 2016 Joined KPMG Tax Corporation Jun 2019 Full-time Audit & Supervisory Board Member, TableCheck Inc. Feb 2021 Established Mika Kawasaki CPA Office (current) Jun 2021 Full-time Outside Audit & Supervisory Board Member of the Company (current)
1974-05-17
Hiroshi YUGEDA
Outside Audit & Supervisory Board Member
Mar 2000 Registered as attorney (Daini Tokyo Bar Association) Apr 2000 Joined Tamiya & Partners Apr 2003 Joined Toranomon Sogo Law Office Mar 2004 Joined Yuasahara Law & Patent Office Mar 2007 Joined Kobayashi Yukio Law Office (now Kobayashi & Yugeda Law Office); Partner (current) Jun 2007 Outside Audit & Supervisory Board Member, Zenrin Co., Ltd. Apr 2010 Full-time Associate Professor, Toin Law School May 2013 Auditor, General Incorporated Association Institute for High Visibility Safety Clothing Oct 2016 Re-registered as patent attorney Feb 2018 Outside Audit & Supervisory Board Member, Total Environment Co., Ltd. (current) Apr 2021 Outside Audit & Supervisory Board Member of the Company (current)
1974-01-09
Masato OKUMA
Outside Audit & Supervisory Board Member
Apr 1999 Joined Mitsubishi Corporation Mar 2011 Joined Fast Retailing Co., Ltd. Nov 2016 Joined Digital Garage, Inc. Apr 2017 Executive Officer and COO of DG Lab, Digital Garage, Inc. Dec 2017 Director and COO, Digital Garage US, Inc. Jun 2018 Director and Senior Executive Officer (SEVP) and COO of DG Lab, Head of Group CEO Office and Head of Business Innovation Division, Digital Garage, Inc. Apr 2019 CEO, Crypto Garage Inc. (current) Apr 2021 Vice President and COO, DG Ventures Inc. Jun 2021 Director, DG Financial Technology Inc.; Vice President and COO, DG Incubation Inc. Jun 2023 Director, DG Ventures US, Inc. Jun 2024 Director, kakaku.com, Inc.; President, DG Strategic Investment Inc.; Director and Senior Managing Executive Officer (CBDO) in charge of Long-Term Incubation Segment, Digital Garage, Inc. Apr 2025 Outside Audit & Supervisory Board Member of the Company (current) Jun 2025 Director and Senior Executive Officer in charge of Discontinuous Business, Digital Garage, Inc. (current)
1975-10-24
Large Shareholding Reports
NIGOLD Co., Ltd.
2025-12-24
42.42%→42.42%
Annual report (as of 2026-07-31): 42.41%
NIGOLD Co., Ltd.
2025-12-04
42.42%
Annual report (as of 2026-07-31): 42.41%
Pharrell Williams
2025-12-04
18.16%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-14
Semi-Annual Securities Report
Period: Feb 2026 – Jan 2027
TDnet
2026-09-11
Q2 Earnings Flash
FY ending Jan 2027
TDnet
2026-06-15
Q1 Earnings Flash
FY ending Jan 2027
EDINET
2026-04-28
Annual Securities Report
Period: Feb 2025 – Jan 2026
EDINET
2025-12-24
Large Shareholding Report
TDnet
2025-12-12
Q3 Earnings Flash
FY ending Jan 2026
EDINET
2025-12-04
Large Shareholding Report
EDINET
2025-12-04
Large Shareholding Report
EDINETAmended
2025-11-17
Amended Securities Registration Statement
EDINETAmended
2025-11-10
Amended Securities Registration Statement
EDINET
2025-10-23
Securities Registration Statement
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) →