beluuga.ai

Overview

Retail Trade

TORICO Co.,Ltd.

TORICO operates a manga-centered multi-service business comprising three pillars: EC services (including 'Manga Zenkan Dot Com,' a specialized online retailer for complete manga series sets, as well as niche stores targeting female readers, male readers, and trading card enthusiasts); digital comic distribution services ('Sukima' for domestic users and 'MANGA.CLUB' for international users); and manga event services ('Manga-ten') featuring collaborative cafes, merchandise stores, and fan events at physical locations in Japan as well as overseas stores in Taiwan and Singapore. The company leverages cross-service synergies to guide users from free or light-use digital platforms toward higher-engagement EC and event services. International reach is expanded through cross-border EC channels including its own 'World Manga10' site and third-party platforms such as Tmall Global and Shopee.

Market Cap

¥2.08B

US$13.2M

¥1.65B

US$10.5M

Stock¥123▼-0.81%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

LTM EV/EBIT

LTM PER

LTM PBR

1.4

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-53.7%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

MC → EV Bridge

AI Briefing

Generating insights…

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

91%

EquityD/E 0.09xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 58.8%

as of 2026-03-31 · Source: Annual Securities Report

ShootingStar No.1 Investment Limited Partnership

22.06%

Takuro ANDO

12.18%

Akira ISHII

6.52%

TAY TWO CO.,LTD.

4.49%

SBI SECURITIES Co., Ltd.

3.49%

Mitsuru KOINUMA

2.54%

Morgan Stanley MUFG Securities Co., Ltd.

2.50%

Rakuten Securities, Inc. (Joint Account)

2.11%

Nomura Securities Co., Ltd.

1.62%

A Co., Ltd.

1.28%

Management

8 officers

Takuro ANDO

Representative Director, President

Apr 1998 Joined Oracle Corporation Japan Oct 2003 Joined Mitsui & Co., Ltd. Feb 2005 Joined VIBE Inc. Jul 2005 Founded the Company; Representative Director, President Oct 2012 Outside Director, Taiyosha Co., Ltd. Sep 2015 Resigned from Taiyosha Co., Ltd. Oct 2020 Representative Director, President, Manga Zenkan.com Co., Ltd. (current) Nov 2020 Representative Director, President, Skima Inc. (current) Nov 2021 Representative Director, President, ROLL Inc. (current) Jul 2023 Branch Manager, Taiwan Branch of the Company (current) Oct 2023 Director, TORICO SINGAPORE PTE. LTD. (current) Jan 2026 Director, TORICO Ethereum Inc. (current)

1973-06-04

Mitsuru KOINUMA

Senior Managing Director, General Manager of Administration Division

Apr 1998 Joined Daiichi Kosho Co., Ltd. Aug 2007 Joined the Company Oct 2007 Director of the Company Jul 2018 Senior Managing Director, General Manager of Administration Division of the Company (current)

1973-05-20

Jun HAMADA

Director, General Manager of Media Division

Apr 2007 Joined Fullspeed Inc. Dec 2010 Joined the Company Jun 2018 Director of the Company Apr 2021 Director, General Manager of Media Division of the Company (current)

1982-03-18

Junji OSHITA

Director

Apr 1998 Joined Dai-2 Denden Inc. (now KDDI Corporation) Jul 2001 Director, Netgene Inc. Feb 2005 Joined ICP Inc. Feb 2006 Director, Bitratings Co., Ltd. (renamed Efflute Inc. in Jun 2007) Nov 2007 Vice President and Director, Efflute Inc. Aug 2008 Representative Director, President, Efflute Inc. Oct 2011 Representative Director, President, Axelmark Inc. (joined upon merger of Efflute Inc. into Axelmark Inc.) Mar 2021 Chairman of the Board, Axelmark Inc. Apr 2023 Director, PlaySync Inc. (current) Dec 2023 Representative Director, PlaySync Inc. Apr 2025 Director, MONSTER DIVE Inc. (current) Jan 2026 Representative Director, TORICO Ethereum Inc. (current) Jun 2026 Director, TORICO Inc. (current)

1974-10-28

Hirohisa KUNIMITSU

Director

Apr 2007 Founded @Movies Pirates Co., Ltd. (now gumi Inc.) Jun 2007 Representative Director, @Movies Pirates Co., Ltd. Jul 2018 Representative Director, Chairman, gumi Inc. Mar 2020 Director, Chairman, gumi Inc. Aug 2021 Representative Director, Thirdverse Inc. (now Mint Town Inc.) (current) Aug 2021 Representative Director, Financier Inc. (current) May 2023 Representative Director, Thirdverse Inc. (new entity established following company split) Jul 2025 Director, Thirdverse Inc. (current) Jun 2026 Director, TORICO Inc. (current)

1974-01-28

Masayuki YAMATO

Full-time Corporate Auditor

Apr 1975 Joined Taiyosha Co., Ltd. Apr 2000 Director, General Manager of Administration Division, Taiyosha Co., Ltd. Sep 2012 Adviser, Taiyosha Co., Ltd. Jul 2014 Joined Hourindo Bookstore Co., Ltd. as Adviser Feb 2016 Transferred to Shosen Co., Ltd. following business transfer Jul 2016 Joined Eirindo Co., Ltd. as Adviser Jun 2020 Corporate Auditor of the Company (current)

1952-06-29

Shoichi KANEKO

Corporate Auditor

Apr 1994 Joined Yamaichi Securities Co., Ltd. Feb 1998 Joined Nikko Securities Co., Ltd. Sep 1999 Joined Shoeisha Co., Ltd. (now SE Holdings & Incubations Co., Ltd.) Aug 2005 Joined Mitsubishi Securities Co., Ltd. (now Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.) Apr 2015 Director, JX Tsushinsha Inc. Jan 2021 Full-time Corporate Auditor, BTM Inc. (current) Jun 2023 Outside Corporate Auditor, Nokisaki Co., Ltd. (current) Sep 2023 Outside Corporate Auditor, SABU Inc. Nov 2025 Part-time Corporate Auditor of the Company (current)

1971-05-27

Shigeru SHIRAKAWA

Corporate Auditor

Apr 2003 Joined LAC Co., Ltd. Oct 2008 Joined Taiyo ASG Audit LLC (now Taiyo Audit LLC) Oct 2012 Registered as Certified Public Accountant Nov 2013 Joined Mirai Consulting Co., Ltd. Sep 2014 Joined Deloitte Touche Tohmatsu LLC Oct 2017 Opened Shigeru Shirakawa Certified Public Accountant Office Dec 2017 Registered as Certified Tax Accountant Feb 2024 Director, Takusei Doconsulting Co., Ltd. (current)

1980-08-27

Large Shareholding Reports

Evo Fund

2026-10-08

32.78%→34.35%

Evo Fund

2026-10-07

34.35%→32.78%

Evo Fund

2026-09-01

35.78%→34.35%

Evo Fund

2026-08-31

38.05%→35.78%

Evo Fund

2026-05-14

38.32%→38.05%

T2 Co., Ltd.

2026-04-27

5.52%→4.30%

Annual report (as of 2026-03-31): 4.49%

Evo Fund

2026-04-24

39.24%→38.32%

Evo Fund

2026-04-08

37.82%→39.24%

Evo Fund

2026-04-06

39.85%→37.82%

Evo Fund

2026-03-27

41.34%→39.85%

Mint Town Co., Ltd.

2026-03-25

23.04%→21.95%

Mint Town Co., Ltd.

2026-03-25

23.04%→21.95%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Evo Fund

2026-03-19

42.25%→41.34%

Takuro ANDO

2026-03-17

16.09%→15.71%

Annual report (as of 2026-03-31): 12.18%

Evo Fund

2026-02-27

43.46%→42.25%

Evo Fund

2026-02-19

43.46%

T2 Co., Ltd.

2026-02-13

9.30%→5.52%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Annual report (as of 2026-03-31): 4.49%

T2 Co., Ltd.

2026-02-13

19.25%→13.04%

Annual report (as of 2026-03-31): 4.49%

T2 Co., Ltd.

2026-02-13

13.04%→9.30%

Annual report (as of 2026-03-31): 4.49%

Takuro ANDO

2026-01-30

16.09%→16.09%

Annual report (as of 2026-03-31): 12.18%

A Co., Ltd.

2026-01-27

—

Annual report (as of 2026-03-31): 1.28%

Takuro ANDO

2026-01-27

—

Annual report (as of 2026-03-31): 12.18%

Takuro ANDO

2026-01-23

23.55%→23.55%

Annual report (as of 2026-03-31): 12.18%

Takuro ANDO

2026-01-23

29.66%→23.55%

Annual report (as of 2026-03-31): 12.18%

Takuro ANDO

2026-01-23

23.55%→16.09%

Annual report (as of 2026-03-31): 12.18%

Mint Town Co., Ltd.

2026-01-14

9.94%→23.04%

T2 Co., Ltd.

2026-01-14

9.30%→5.52%

Annual report (as of 2026-03-31): 4.49%

T2 Co., Ltd.

2026-01-14

19.25%→9.30%

Annual report (as of 2026-03-31): 4.49%

Growth Partners Co., Ltd.

2026-01-05

4.52%→0.00%

Tokuatsu FURUKAWA

2025-12-25

5.13%→4.52%

Mint Town Co., Ltd.

2025-12-24

9.94%

Tokuatsu FURUKAWA

2025-10-24

7.52%→6.96%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Growth Partners Co., Ltd.

2025-10-24

8.38%→7.52%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Tokuatsu FURUKAWA

2025-10-24

9.83%→8.38%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Tokuatsu FURUKAWA

2025-10-24

6.40%→5.80%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Tokuatsu FURUKAWA

2025-10-24

6.96%→6.40%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Tokuatsu FURUKAWA

2025-10-22

5.80%→5.13%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Growth Partners Co., Ltd.

2025-10-21

5.80%→5.13%

Tokuatsu FURUKAWA

2025-10-10

6.40%→5.80%

Growth Partners Co., Ltd.

2025-10-06

6.96%→6.40%

Tokuatsu FURUKAWA

2025-10-01

7.52%→6.96%

Growth Partners Co., Ltd.

2025-09-26

8.38%→7.52%

Tokuatsu FURUKAWA

2025-09-22

9.83%→8.38%

Growth Partners Co., Ltd.

2025-09-22

10.93%→9.83%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Tokuatsu FURUKAWA

2025-09-18

11.19%→10.93%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Growth Partners Co., Ltd.

2025-09-18

10.93%→9.83%

Tokuatsu FURUKAWA

2025-09-11

11.19%→10.93%

Growth Partners Co., Ltd.

2025-09-10

12.06%→11.19%

Tokuatsu FURUKAWA

2025-09-09

12.49%→12.06%

Growth Partners Co., Ltd.

2025-09-05

14.41%→13.23%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Growth Partners Co., Ltd.

2025-09-05

13.23%→12.49%

Tokuatsu FURUKAWA

2025-09-04

14.41%→13.23%

Tokuatsu FURUKAWA

2025-09-02

15.68%→14.41%

Growth Partners Co., Ltd.

2025-09-01

16.80%→15.68%

Growth Partners Co., Ltd.

2025-08-29

16.91%→16.80%

Tokuatsu FURUKAWA

2025-08-28

17.19%→16.91%

Growth Partners Co., Ltd.

2025-08-27

18.13%→17.19%

Growth Partners Co., Ltd.

2025-08-26

18.73%→18.13%

Growth Partners Co., Ltd.

2025-08-25

21.26%→19.87%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Growth Partners Co., Ltd.

2025-08-25

19.87%→18.73%

Growth Partners Co., Ltd.

2025-08-22

21.26%→19.87%

Growth Partners Co., Ltd.

2025-08-14

22.08%→21.26%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Tokuatsu FURUKAWA

2025-08-13

22.08%→21.26%

Growth Partners Co., Ltd.

2025-08-13

22.08%→21.26%

Disclosures

No disclosures

Primary Source Filings

EDINET

2026-10-08

Large Shareholding Report

TORICO Co.,Ltd.

Try the full product

TORICO Co.,Ltd.

Try the full product

More Japanese companies in Retail Trade