Overview
Retail Trade

CUBE CO.,LTD.

Cube Co., Ltd. is a Japanese premium luxury apparel company primarily engaged in the planning, retail, and wholesale of golf-related clothing and accessories. Its flagship brand, MARK & LONA, founded in 2008, disrupted the traditionally conservative golf wear market by offering distinctive, fashion-forward golf casual wear combining high-end materials with superior functionality, targeting affluent consumers. The company operates through multiple channels including domestic retail stores in major Japanese cities, domestic and global e-commerce platforms, and wholesale partnerships across South Korea, Taiwan, Italy, and the United States.

Market Cap
¥3.31B
US$21.1M
EV
¥1.50B
US$9.55M
Stock¥540▼-1.64%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
31.9
x
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-33.9%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 5, 26Q3 earnings disappointment
MC → EV Bridge
3.31BUS$21.1MMarket Cap0.00BUS$0.00M+ Debt1.81BUS$11.5M− Cash0.00BUS$0.00M− Inv. Sec.1.50BUS$9.55MEV
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Performance & Balance
Revenue 5Y (¥B)
4.86US$31.0M'23/120.56US$3.60M'24/34.86US$31.0M'24/120.54US$3.47M'25/34.86US$31.0M'25/12
EBITDA 5Y (¥B)
0.36US$2.28M'23/120.26US$1.68M'24/120.19US$1.23M'25/12
Net Income 5Y (¥B)
0.19US$1.21M'23/120.00US$0.03M'24/30.11US$0.69M'24/12-0.11-US$0.71M'25/30.03US$0.22M'25/12
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
2.84US$18.1M'23/12'24/32.90US$18.5M'24/12'25/32.11US$13.5M'25/12
Shareholders
Top 10 hold 85.3%
1
NXC Japan LLC
35.50%
2
Tomoaki MATSUMURA
20.20%
3
Rie MATSUMURA
16.60%
4
Nobuo KIDA
3.00%
5
Kazumi HASEGAWA
2.30%
6
MATSUI SECURITIES CO.,LTD.
2.20%
7
Rakuten Securities, Inc.
1.70%
8
Yosuke YAMASAKI
1.60%
9
SBI SECURITIES Co., Ltd.
1.20%
10
Tencho Shokuhin Kogyo Co., Ltd.
1.00%
Management
7 officers
Tomoaki MATSUMURA
Representative Director, Chairman and President
Apr 1992 Joined Hitachi Computer Electronics, Ltd. (now Hitachi Information & Telecommunication Engineering, Ltd.) Oct 1994 Founded SPINY Dec 1994 Joined Cube Corporation Co., Ltd. (now the Company) upon its establishment as a limited liability company Jun 2004 Representative Director, President of the Company Apr 2025 Representative Director, Chairman of the Company Mar 2026 Representative Director, Chairman and President of the Company (current)
1967-05-25
Yuta FUKUOKA
Director, CFO
Feb 2013 Joined Tohmatsu LLC Sep 2015 Registered as Certified Public Accountant Oct 2018 Joined the Company Mar 2023 Executive Officer of the Company Mar 2024 Director of the Company (current)
1990-07-29
Kazuhiko YOSHINARI
Director (Note 1)
Apr 1986 Joined The Nippon Credit Bank, Ltd. (now SBI Shinsei Bank, Ltd.) Mar 1998 Joined Nippon Life Insurance Company May 2000 Joined Cerberus Japan K.K. Dec 2005 Director, Seibu Railway Co., Ltd. Dec 2006 Director, Seibu Holdings Inc. Jun 2008 Vice President, Kokusai Kogyo Co., Ltd. Oct 2017 Director of the Company (current) Jan 2018 Designated Executive, Tokyo Seimitsu LLC (now NXC Japan LLC), Senior Managing Director
1962-08-11
Hidetsugu OONISHI
Director (Note 1)
Apr 1986 Joined Fuji Bank, Ltd. (now Mizuho Bank, Ltd.) Dec 1999 Investment Officer, Fuji Capital Management Co., Ltd. (now MCP Partners Co., Ltd.) Feb 2002 CFO, Link Theory Holdings Co., Ltd. (now Link Theory Japan Co., Ltd.) Sep 2009 Executive Officer and CFO, Fast Retailing Co., Ltd. Jun 2011 Co-Representative, Integrity LLC (current) Jan 2012 Representative Director, Abergence Inc. (current) Mar 2016 Outside Director, Gungho Online Entertainment, Inc. (current) Mar 2016 Outside Director, Basic Co., Ltd. Apr 2018 Outside Director (Audit and Supervisory Committee Member), Basic Co., Ltd. (current) May 2019 Outside Corporate Auditor, Arclands Sakamoto Co., Ltd. (now Arclands Co., Ltd.) Apr 2021 Director of the Company (current) May 2022 Outside Director (Audit and Supervisory Committee Member), Arclands Sakamoto Co., Ltd. (now Arclands Co., Ltd.) Jan 2024 Outside Director, Classico Co., Ltd. (current)
1964-03-07
Kohki KAKEHASHI
Full-time Corporate Auditor (Note 2)
Apr 1987 Joined Yasuda Trust & Banking Co., Ltd. (now Mizuho Trust & Banking Co., Ltd.) Feb 2002 Joined Tokyo Tomin Bank, Ltd. (now Kiraboshi Bank, Ltd.) Aug 2009 Joined SBS Holdings, Inc. Mar 2015 Executive Officer and Head of Finance Department, SBS Holdings, Inc. Mar 2020 Full-time Corporate Auditor, SBS Holdings, Inc. Mar 2021 Full-time Corporate Auditor of the Company (current) Oct 2024 Outside Director, Mitsuba Co., Ltd. (current)
1961-10-08
Akari OTSUKA
Corporate Auditor (Note 2)
Mar 1999 Completed the 51st Legal Training Course, Legal Training and Research Institute Apr 1999 Registered as attorney (Tokyo Bar Association); joined Matsuo Sogo Law Office Feb 2017 Established Otsuka Law Office, Representative Jun 2019 Outside Director, Noritsu Koki Co., Ltd. Jun 2021 Joined OMM Law Office (current) Dec 2021 Corporate Auditor of the Company (current) Jun 2022 Corporate Auditor, Openstream Holdings Inc.
1972-05-27
Akiko TAKAYASU
Corporate Auditor (Note 2)
Oct 1999 Joined Asahi Audit Corporation (now Azusa Audit LLC) Apr 2003 Registered as Certified Public Accountant Jul 2006 Joined LVMH Cosmetics K.K. (now L.C.S. K.K.) Nov 2012 Joined Louis Vuitton Japan K.K. Oct 2017 Joined LVMH Watch & Jewelry Japan K.K. Mar 2022 Full-time Corporate Auditor, Fairy Devices Inc. (current) Mar 2023 Corporate Auditor of the Company (current)
1976-08-26
Large Shareholding Reports
Rie MATSUMURA
2026-10-01
37.88%→15.54%
Annual report (as of 2026-06-30): 16.60%
Rie MATSUMURA
2026-09-30
17.09%→15.54%
Annual report (as of 2026-06-30): 16.60%
Disclosures
No disclosures
Primary Source Filings
EDINETAmended
2026-10-01
Change Report
EDINET
2026-09-30
Large Shareholding Report
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-14
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-25
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-14
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-14
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-28
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-29
Annual Securities Report
Period: Jan 2022 – Dec 2022
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