Overview
Services

Retty Inc.

Retty operates Japan's leading real-name restaurant review platform 'Retty,' which enables users to discover dining options recommended by trusted individuals via SNS-linked profiles. The company generates revenue through two core services: a subscription-based restaurant support service (online promotion, reservation systems, and customer management tools for paying restaurant clients) and an advertising/content service including display advertising and a 'Food Data Platform' that licenses accumulated restaurant data, reviews, and user logs to clients across industries such as travel, cosmetics, apparel, and real estate. The platform has accumulated data on approximately 800,000 restaurant listings, real-name reviews, and behavioral log data, enabling personalized restaurant recommendations.

Market Cap
¥2.24B
US$14.3M
EV
¥2.32B
US$14.8M
Stock¥150▲+7.14%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
90.5
x
LTM EV/EBIT
1162.0
x
LTM PER
31.6
x
LTM PBR
5.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-35.1%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 25, 25Activist-related shareholder activity
MC → EV Bridge
2.24BUS$14.3MMarket Cap0.47BUS$3.01M+ Debt0.39BUS$2.49M− Cash0.00BUS$0.00M− Inv. Sec.2.32BUS$14.8MEV
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Performance & Balance
Revenue 5Y (¥B)
1.94US$12.4M'21/91.72US$10.9M'22/91.56US$9.92M'23/91.56US$9.96M'24/91.63US$10.4M'25/9
EBITDA 5Y (¥B)
-0.27-US$1.72M'21/9-0.74-US$4.69M'22/9-0.53-US$3.35M'23/9-0.09-US$0.58M'24/90.03US$0.18M'25/9
Net Income 5Y (¥B)
-0.36-US$2.28M'21/9-0.86-US$5.48M'22/9-0.61-US$3.90M'23/9-0.08-US$0.50M'24/90.01US$0.07M'25/9
Capital Structure
45%
55%
EquityD/E 1.21xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
0.63US$4.01M0.38US$2.41M'21/90.89US$5.71M1.18US$7.54M'22/90.87US$5.57M0.70US$4.47M'23/90.66US$4.21M0.60US$3.80M'24/90.37US$2.35M0.45US$2.90M'25/9
Shareholders
Top 10 hold 68.0%
1
Kazuya TAKEDA
22.47%
2
Jo HIRAO
18.99%
3
YJ No. 2 Investment Limited Partnership
10.62%
4
Noriaki YAMADA
4.24%
5
LY Corporation
2.69%
6
Tetsuya NAGATSUKA
2.40%
7
Masae HAYASHI
1.93%
8
Rakuten Securities, Inc.
1.65%
9
JPMorgan Securities Japan Co., Ltd.
1.50%
10
ZIGExN Co.,Ltd.
1.49%
Management
7 officers
Masaya HIRANO
Representative Director, President
Apr 2014 Joined the Company Jul 2018 Manager, the Company Oct 2024 General Manager, Business Strategy and Data Promotion Department, the Company Nov 2025 Executive Officer, the Company Dec 2025 Representative Director, President, the Company (current)
1990-06-21
Kazuya TAKEDA
Director, Chairman
Apr 2006 Joined Ubiquitous Exchange Inc. Apr 2007 Joined Netage Inc. (currently United Inc.) Nov 2010 Founded the Company; Representative Director, President Dec 2022 Representative Director, Executive Officer, CEO, the Company Dec 2025 Director, Chairman, the Company (current)
1983-09-02
Tetsuya NAGATSUKA
Director, Executive Officer
Apr 2006 Joined DOWA Holdings Co., Ltd. Apr 2008 Joined Fractalist Inc. (currently United Inc.) Nov 2010 Founded the Company; Director Dec 2022 Executive Officer, the Company Dec 2023 Director, Executive Officer, the Company (current)
1983-03-05
Jo HIRAO
Director
Apr 2005 Joined Recruit Co., Ltd. (currently Recruit Holdings Co., Ltd.) Oct 2006 Seconded to Dorikomu Generated Media Inc. (currently Zigexn Co., Ltd.) Mar 2007 Director, Dorikomu Generated Media Inc. Jan 2008 Representative Director, President, Dorikomu Generated Media Inc. Oct 2014 Director, Rejob Inc. (current) Feb 2018 Director, Upworld Inc. Jun 2018 Representative Director, President and CEO, Zigexn Co., Ltd. (current) Apr 2019 Director, Sanko Ad Inc. May 2019 Director, BizMo Inc. Oct 2022 Director, Tiz Co., Ltd. (current) Dec 2022 Outside Director, the Company (current) Jun 2023 Director, Apple World Inc.; Director, T.S.D. Co., Ltd. Nov 2025 Representative Director, President, Apple World Inc. (current) Representative Director, Alpha Staff Co., Ltd. (current)
1982-11-25
Mayuko MIKAMO
Director, Audit and Supervisory Committee Member
Oct 2000 Joined Ota Showa Century Audit Corporation (currently EY ShinNihon LLC) Apr 2004 Registered as Certified Public Accountant Apr 2005 Joined Kyobashi Audit Corporation Jul 2008 Joined Arata Audit Corporation (currently PricewaterhouseCoopers Japan LLC) Sep 2015 Assigned to PricewaterhouseCoopers LLP (US) Mar 2019 Head, Mikamo Certified Public Accountant Office (current) Jun 2020 Audit & Supervisory Board Member, HRBrain Inc. Jun 2021 Audit & Supervisory Board Member, JCG Inc. Dec 2023 Outside Director (Audit and Supervisory Committee Member), the Company (current) Audit & Supervisory Board Member, Ashaly Design Inc. (current)
1977-02-04
Issei MORI
Director, Audit and Supervisory Committee Member
Dec 2009 Registered as Attorney at Law Jan 2010 Joined Kobayashi & Todo Law and Patent Office Sep 2012 Assistant Professor, Keio University Graduate School of Law Oct 2016 Founded and became Representative, Daikanyama Sogo Law Office (current) Oct 2017 Outside Audit & Supervisory Board Member, FirstLogic Inc. (currently Rakumachi Inc.) Nov 2017 Outside Audit & Supervisory Board Member, Tanpei Pharmaceutical Co., Ltd. (current) Dec 2017 Outside Audit & Supervisory Board Member, Sports Field Co., Ltd. Dec 2017 Outside Audit & Supervisory Board Member, Atrae Inc. Dec 2017 Outside Director (Audit and Supervisory Committee Member), the Company (current) Dec 2018 Representative Director, SDGth Inc. (current) Nov 2020 Outside Director, Demae-can Co., Ltd. (current)
1978-04-26
Yuka UEHARA
Director, Audit and Supervisory Committee Member
Apr 1993 Joined Goldman Sachs Securities Co., Ltd. Jul 1994 Joined Merrill Lynch Japan Securities Co., Ltd. (currently BofA Securities Japan Co., Ltd.) Feb 2007 Managing Director, Equity Capital Markets Department, BofA Securities Japan Co., Ltd. Mar 2012 Managing Director, General Manager, Equity Capital Markets Department, Capital Markets Division, BofA Securities Japan Co., Ltd. Nov 2015 Joined Mizuho Securities Co., Ltd.; Director, Financial Strategy Department, Equity Group Apr 2016 General Manager, First Equity Capital Markets Department, Products Division, Mizuho Securities Co., Ltd. Apr 2018 Senior Executive, Investment Banking Division, Mizuho Securities Co., Ltd. Jul 2019 Joined J.P. Morgan Securities Japan Co., Ltd.; Managing Director, Equity Capital Markets Department, Investment Banking Division Dec 2021 Outside Director (Audit and Supervisory Committee Member), the Company (current) May 2022 Executive Officer, General Manager, Corporate Communications Division, Premier Anti-Aging Co., Ltd. (current) Jun 2024 Outside Director, NetOne Systems Co., Ltd.
1969-10-02
Large Shareholding Reports
Rakuten Securities, Inc.
2026-02-06
6.19%→1.99%
Annual report (as of 2026-03-31): 1.65%
Rakuten Securities, Inc.
2026-01-21
6.19%
Annual report (as of 2026-03-31): 1.65%
Nomura Securities Co., Ltd.
2025-10-31
6.67%
Nomura Securities Co., Ltd.
2025-10-31
6.67%→3.50%
Rakuten Securities, Inc.
2025-10-02
5.43%→2.17%
Annual report (as of 2026-03-31): 1.65%
Rakuten Securities, Inc.
2025-08-06
5.60%→5.43%
Annual report (as of 2026-03-31): 1.65%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-13
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-05-14
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
TDnet
2026-02-13
Q1 Earnings Flash
FY ending Sep 2026
EDINET
2026-02-06
Large Shareholding Report
EDINET
2026-01-21
Large Shareholding Report
EDINET
2025-12-19
Annual Securities Report
Period: Oct 2024 – Sep 2025
EDINET
2025-10-31
Large Shareholding Report
EDINET
2025-10-31
Large Shareholding Report
EDINET
2025-10-02
Large Shareholding Report
TDnet
2025-08-13
Q3 Earnings Flash
FY ending Sep 2025
EDINET
2025-08-06
Large Shareholding Report
EDINET
2025-05-14
Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-02-13
Q1 Earnings Flash
FY ending Sep 2025
EDINET
2024-12-23
Annual Securities Report
EDINET
2024-05-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-12-20
Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-23
Annual Securities Report
EDINET
2022-11-11
Securities Registration Statement
EDINETAmended
2022-10-25
Amended Annual Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-12-24
Annual Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-02-15
Quarterly Securities Report
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