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Overview

Retail Trade

Gyet Co.,Ltd.

Gyet Co., Ltd. operates a nationwide chain of casual apparel retail stores in Japan under brands including Mac-House and COEN, offering menswear, womenswear, and kidswear through both physical stores and online channels. The company is pursuing a hybrid business model combining its core apparel and lifestyle segment with a Bitcoin treasury strategy as a new earnings engine. Listed on the Tokyo Stock Exchange Standard Market (Code: 7603), Gyet aims to evolve into a composite leading company bridging fashion and financial investment.

Market Cap

¥2.49B

US$15.9M

¥0.55B

US$3.52M

Stock¥28▼-3.45%

US$1 = ¥157.05 (2026-10-22)

LTM EV/EBITDA

LTM EV/EBIT

LTM PER

LTM PBR

0.8

2026-08-25 closing price basis: ranked #107 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-5B).

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-107.2%pt

Oct 23, 25 – Oct 23, 26StockTOPIX

1Jan 26, 26Activist shareholder management change proposal

MC → EV Bridge

AI Briefing

Generating insights…

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

62%

38%

EquityD/E 0.61xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 69.5%

as of 2026-08-31 · Source: Annual Securities Report

G Future Fund No. 1 Investment Limited Partnership (General Partner: Trustup Co., Ltd.)

59.50%

Michael LERCH, Evo Fund Director (Domestic Contact)

2.90%

Rakuten Securities, Inc. (Joint Account)

2.10%

SBI SECURITIES Co., Ltd.

1.80%

BNP PARIBAS LONDON BRANCH FOR PRIME BROKERAGE CLEARANCE ACC FOR THIRD PARTY (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)

0.90%

BNYM SA/NV FOR BNYM FOR BNY GCM CLIENT ACCOUNTS M LSCB RD (Standing Proxy: MUFG Bank, Ltd.)

0.70%

Kiyoshi KAIDO

0.50%

NOMURA INTERNATIONAL PLC A/C JAPAN FLOW (Standing Proxy: Nomura Securities Co., Ltd.)

0.40%

UBS AG London A/C IPB Segregated Client Account (Custodian: Citibank, N.A., Tokyo Branch)

0.40%

SBI Neotrade Securities Co., Ltd.

0.30%

Management

10 officers

Kazuhiro KODAMA

Representative Director, Chairman

Jan 1992 Joined GF Co., Ltd. Sep 1996 Director, GF Co., Ltd. Jan 1999 Managing Director, GF Co., Ltd. Nov 2003 Representative Director, President, GF Co., Ltd. Oct 2011 Representative Director, President, GF Holdings Co., Ltd. Jul 2018 Representative Director, Chairman and President, GF Holdings Co., Ltd. (current) Jul 2018 Director, Chairman, GF Co., Ltd. (current) Sep 2024 Outside Director, E-Logit Co., Ltd. Feb 2025 Representative Director, Chairman, E-Logit Co., Ltd. (current) May 2025 Representative Director, Chairman, the Company (current) Jan 2026 Representative Director, AI Operations Co., Ltd. (current)

1966-08-01

Tatsuya KIMURA

Representative Director, President

Jan 2002 Joined United Arrows Ltd. Apr 2016 Executive Officer, United Arrows Ltd. Apr 2017 Senior Executive Officer, United Arrows Ltd. Jun 2018 Director, Managing Executive Officer, United Arrows Ltd. Nov 2020 Director, Senior Managing Executive Officer, United Arrows Ltd. Apr 2021 Director, Senior Managing Executive Officer, COO, United Arrows Ltd. Apr 2022 Representative Director, President, Coen Co., Ltd. (current) May 2026 Representative Director, President, the Company (current)

1976-10-07

Daisuke KOBAYASHI

Director

Mar 1996 Joined the Company Mar 2020 Sales Promotion Section Manager, Sales Department, the Company Mar 2023 General Manager, Business Planning Office, the Company Jan 2024 Deputy General Manager, Administration Department and General Manager, Business Planning Office, the Company Feb 2024 General Manager, Administration Department and General Manager, Business Planning Office, the Company May 2024 Director, General Manager, Administration Department, the Company May 2025 Director, General Manager, Administration Division and General Manager, Administration Department, the Company (current) Mar 2026 Director, Coen Co., Ltd. (current)

1972-05-28

Nobuhiko UCHINO

Director

Apr 1977 Joined World Co., Ltd. May 2001 Representative Director, President, B.F.C. Co., Ltd. Oct 2006 Representative Director, D&B Business Partners Co., Ltd. May 2009 Representative Director, Olive de Olive Co., Ltd. Apr 2017 Representative Director, gf.A Co., Ltd. Apr 2017 Representative Director, President, B.F.C Co., Ltd. (current) Apr 2018 Representative Director, Morie Co., Ltd. Apr 2019 Representative Director, Tet Aum Co., Ltd. Apr 2019 Representative Director, gf.R Co., Ltd. Apr 2020 Representative Director, gf.S Co., Ltd. Apr 2021 Representative Director, Java Corporation Co., Ltd. Oct 2022 Representative Director, gf.G Co., Ltd. (current) May 2025 Director, General Manager, Sales Division, the Company (current)

1954-03-13

Takahisa TACHIBANA

Director

Oct 2002 Joined Cross Company Co., Ltd. Apr 2005 Director, Cross Company Co., Ltd. Apr 2007 Managing Director, Cross Company Co., Ltd. Mar 2014 Senior Managing Director, Cross Company Co., Ltd. Jan 2015 Representative Director, President and CEO, Can Co., Ltd. Mar 2016 Senior Managing Director and COO, Stripe International Co., Ltd. Mar 2020 Representative Director, President and CEO, Stripe International Co., Ltd. Apr 2020 Representative Director, Chairman, Can Co., Ltd. Mar 2023 Representative Director, President, gf.B Co., Ltd. (current) Jul 2023 Director, Cityhill Co., Ltd. (current) May 2025 Director, the Company (current)

1971-11-08

Naoya INOUE

Director

Apr 1987 Joined Itochu Corporation Apr 2003 Representative Director, President, Magaseek Co., Ltd. Jan 2025 Outside Director, AB&Company Co., Ltd. (current) May 2026 Director, the Company (current)

1965-02-18

Kenshiro MICHISHITA

Director

Dec 2017 Registered as attorney-at-law; joined Nishimura & Asahi Jan 2020 SAKURA Law Office (current) Jul 2025 Registered as Certified Administrative Scrivener May 2026 Director, the Company (current)

1989-04-17

Minoru SATAKI

Full-time Audit & Supervisory Board Member

Nov 1999 Joined the Company Jun 2007 General Manager, Business Planning Office, the Company Mar 2010 General Manager, Business Process Reform Office, the Company May 2021 Executive Officer, General Manager, Administration Department, the Company May 2022 Director, General Manager, Administration Department, the Company Jun 2022 Director in charge of Administration Department and IT Digital Division, the Company Mar 2023 Director in charge of Administration Department and OMO Promotion Department, the Company Apr 2023 Director, the Company May 2023 Full-time Audit & Supervisory Board Member, the Company (current) Mar 2026 Audit & Supervisory Board Member, Coen Co., Ltd. (current)

1964-09-14

Hitoshi IO

Audit & Supervisory Board Member

Apr 1986 Joined Ricoh Co., Ltd. Oct 1992 Joined Asahi Shinwa Accounting Firm (now Azsa LLC) Jul 2000 Established Io Accounting Office (current) Jun 2008 Representative Partner, Mahoroba Audit Corporation (current) Oct 2019 Audit & Supervisory Board Member, Ginco Co., Ltd. (current) Mar 2023 Outside Director, AppBank Co., Ltd. (current) May 2023 Audit & Supervisory Board Member, the Company (current)

1961-07-17

Takako IKEGAMI

Audit & Supervisory Board Member

Apr 1984 Joined Nippon Roche K.K. Jul 1999 Registered as Certified Social Insurance and Labor Consultant Nov 1999 Opened Hikari Social Insurance and Labor Consultant Office Nov 2016 Established Sayaka Social Insurance and Labor Consultant Corporation; Representative Partner Mar 2018 Additionally designated as Specialized Social Insurance and Labor Consultant Oct 2024 Partner, M&Partners Social Insurance and Labor Consultant Corporation May 2025 Audit & Supervisory Board Member, the Company (current) Nov 2025 Partner, Hitori-oyakata Industrial Accident Insurance Association (current) Mar 2026 Audit & Supervisory Board Member, AI Operations Co., Ltd. (current)

1963-11-01

Large Shareholding Reports

Evo Fund

2026-10-22

11.90%→11.30%

Evo Fund

2026-10-16

12.98%→11.90%

Evo Fund

2026-10-07

13.98%→12.98%

Evo Fund

2026-09-18

15.24%→13.98%

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

Evo Fund

2026-09-17

15.24%→13.98%

Evo Fund

2026-09-10

16.39%→15.24%

Evo Fund

2026-09-03

16.75%→16.39%

Evo Fund

2026-09-02

18.06%→16.75%

Evo Fund

2026-07-23

23.76%→22.94%

Evo Fund

2026-07-17

25.00%→23.76%

Evo Fund

2026-07-14

25.84%→25.00%

Evo Fund

2026-07-08

26.86%→25.84%

Evo Fund

2026-06-26

27.83%→26.86%

Evo Fund

2026-06-17

28.89%→27.83%

Evo Fund

2026-06-02

29.78%→28.89%

Evo Fund

2026-05-13

29.96%→29.78%

Evo Fund

2026-04-30

30.87%→29.96%

Evo Fund

2026-04-22

32.37%→30.87%

Evo Fund

2026-04-07

9.95%→32.37%

TrustUp Co., Ltd.

2026-04-06

36.66%→77.23%

Evo Fund

2026-03-09

9.95%

Evo Fund

2026-03-09

8.66%→0.00%

TrustUp Co., Ltd.

2026-03-02

37.32%→36.66%

Evo Fund

2026-01-13

8.66%→0.36%

Evo Fund

2026-01-09

16.04%→8.66%

TrustUp Co., Ltd.

2026-01-07

66.62%→37.32%

Evo Fund

2025-09-17

17.24%→16.04%

Evo Fund

2025-09-03

18.73%→17.24%

Evo Fund

2025-09-01

19.29%→18.73%

Evo Fund

2025-08-29

19.29%

Evo Fund

2025-08-27

7.56%→2.52%

Evo Fund

2025-08-26

9.91%→7.56%

Evo Fund

2025-08-15

9.91%

Disclosures

No disclosures

Primary Source Filings

EDINET

2026-10-22

Large Shareholding Report

Gyet Co.,Ltd.

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Gyet Co.,Ltd.

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