Overview
Wholesale Trade

BuySell Technologies Co.,Ltd.

BuySell Technologies operates a comprehensive reuse business encompassing both home-visit buying services ('BuySell' and 'Fuku Chan') and retail store buying (418 group stores nationwide as of December 2024), primarily targeting senior customers for the purchase of kimono, stamps, branded goods, precious metals, and antiques. The company sells acquired goods through B2B channels (antique markets and dealer auctions) as well as its own B2C channels including two proprietary e-commerce sites ('BuySell Online' and 'BUYSELL brandchée') and department store events. Leveraging technology-driven operations and an active M&A strategy, BuySell has established a leading position in Japan's home-visit buying market.

Market Cap
¥153B
US$974M
EV
¥150B
US$955M
Stock¥2,469▲+0.73%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
10.1
x
LTM EV/EBIT
11.1
x
LTM PER
18.0
x
LTM PBR
5.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+16.6%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 17, 25Rise following Q3 earnings release
2Nov 19, 25Continued rise on positive earnings
3Aug 17, 26Q2 FY2026/12 earnings announced
MC → EV Bridge
153BUS$974MMarket Cap25.8BUS$165M+ Debt28.6BUS$183M− Cash0.04BUS$0.23M− Inv. Sec.150BUS$955MEV
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Performance & Balance
Revenue 5Y (¥B)
24.8US$158M'21/1233.7US$215M'22/1242.6US$272M'23/1260.0US$382M'24/12101US$642M'25/12
EBITDA 5Y (¥B)
2.53US$16.1M'21/123.96US$25.3M'22/123.20US$20.4M'23/125.31US$33.9M'24/129.95US$63.5M'25/12
Net Income 5Y (¥B)
1.31US$8.38M'21/122.27US$14.5M'22/121.45US$9.27M'23/122.41US$15.4M'24/125.27US$33.6M'25/12
Capital Structure
51%
49%
EquityD/E 0.97xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
4.78US$30.5M3.00US$19.1M'21/127.01US$44.7M4.90US$31.3M'22/127.77US$49.5M7.98US$50.9M'23/1213.2US$84.5M27.0US$172M'24/1220.0US$128M24.0US$153M'25/12
Shareholders
Top 10 hold 72.1%
1
Hidetake YOSHIMURA - Midas A Investment Limited Partnership
35.44%
2
Midas No. 2 Investment Limited Partnership
11.70%
3
Kyohei IWATA
6.55%
4
Custody Bank of Japan, Ltd. (Trust Account)
5.87%
5
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
3.05%
6
The Master Trust Bank of Japan, Ltd. (Trust Account)
2.72%
7
Morgan Stanley MUFG Securities Co., Ltd.
1.86%
8
Hidetake YOSHIMURA
1.84%
9
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
1.56%
10
JP JPMSE LUX RE UBS AG LONDON BRANCH EQ CO (Standing Proxy: MUFG Bank, Ltd.)
1.50%
Management
10 officers
Kyohei IWATA
Representative Director, Chairman
Apr 2008 Joined Hakuhodo Inc. Apr 2014 President and Representative Director, OWL Inc. (now AViC Inc.) Oct 2016 Director, Ace Inc. (now the Company) Sep 2017 President, Representative Director and CEO, the Company Oct 2020 Director, Timeless Inc. Jul 2022 Director, Fournine Inc. Mar 2024 Director, Musubi Inc. Apr 2024 Representative Director, Chairman, the Company (current) Oct 2024 Director, Lex Holdings Co., Ltd.
1984-05-29
Kosuke TOKUSHIGE
Representative Director, President and CEO
Apr 2006 Joined Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) Apr 2015 Executive Officer, Head of Planning Office and Head of Ad Optimization Promotion Office, Recruit Marketing Partners Co., Ltd. (now Recruit Co., Ltd.) Apr 2016 Executive Officer and General Manager, High School Support Division (Learning Field), Recruit Marketing Partners Co., Ltd. (now Recruit Co., Ltd.) Apr 2019 Executive Officer and General Manager, Food & Beverage Information Sales Division, Recruit Lifestyle Co., Ltd. (now Recruit Co., Ltd.) Apr 2020 Division Head, Food & Beverage Division, Recruit Co., Ltd. Apr 2024 President and CEO, the Company (current) Oct 2024 Director, Lex Holdings Co., Ltd.
1982-06-07
Koji ONO
Director, CFO
Dec 2006 Joined Tohmatsu Audit Corporation (now Deloitte Touche Tohmatsu LLC) Jul 2011 Seconded to Nomura Securities Co., Ltd. (returned in 2012) Oct 2016 Director and CFO, Ace Inc. (now the Company) (current) Oct 2020 Director, Timeless Inc. Jul 2022 Director, Fournine Inc. Mar 2024 Director, Musubi Inc. May 2024 Outside Director, Class Inc. (current) Oct 2024 Director, Lex Holdings Co., Ltd. Mar 2025 Outside Director, AlbaLink Inc. (current)
1981-03-07
Yuki AKIYAMA
Director
Jan 2007 Joined UBS Securities Japan Co., Ltd. Jun 2008 Joined Speedwell Co., Ltd. Jan 2011 Joined Nezu Asia Capital Management (Singapore) Pte Ltd Apr 2013 Joined Nezu Asia Capital Management Limited Jan 2017 Joined Millennium Capital Management Asia Limited, Tokyo Branch Nov 2019 Joined Gyosho Capital Co., Ltd. Aug 2021 Partner, Grove Advisors Ventures LPS (current) Mar 2022 Outside Director, the Company (current) Feb 2023 Outside Director, Sarowin Inc. (current)
1982-08-09
Tsuneo WATANABE
Director
Apr 2008 Joined Nihon M&A Center Inc. (now Nihon M&A Center Holdings, Inc.) Jun 2020 Director, Nihon M&A Center Holdings, Inc. Jun 2020 Director, Nihon Investment Fund Co., Ltd. Jun 2021 Director, Batons Inc. Oct 2021 Director, Nihon M&A Center Inc. Apr 2023 Outside Director, Geolonia Inc. Oct 2023 Outside Director, LDT Inc. Mar 2024 Outside Director, the Company (current) Feb 2026 Outside Director, CyMed Inc. (current) Outside Director, Lightblue Inc. (current)
1983-09-22
Kayo GADO
Director, Audit and Supervisory Committee Member
Apr 2005 Joined Nippon Life Insurance Company Sep 2006 Joined J:COM Co., Ltd. (now Like Co., Ltd.) Dec 2012 Director, J:COM Co., Ltd. (now Like Staffing Co., Ltd.) Aug 2014 Director, J:COM Holdings Co., Ltd. (now Like Co., Ltd.) Sep 2015 Director, Success Holdings Co., Ltd. (now Like Kids Co., Ltd.) Dec 2018 Representative Director, Like Care Next Co., Ltd. (now Like Care Co., Ltd.) Mar 2022 Outside Director, the Company Sep 2024 Representative Director, Gado Co., Ltd. (current) Mar 2026 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1982-09-18
Takayuki NAKAMURA
Director, CSO
Apr 2002 Joined Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) Apr 2013 General Manager, Business Promotion Department, Travel Sales Division, Recruit Holdings Co., Ltd. Apr 2016 General Manager, Business Promotion Department, Beauty Sales Division, Recruit Holdings Co., Ltd. Jul 2018 Unit Head (Division Director), Beauty Unit, Product Division, Recruit Holdings Co., Ltd. Oct 2020 Unit Head (Division Director), Mid-Career Product Management Unit, Product Division, Recruit Holdings Co., Ltd. Nov 2021 Executive Officer, Medical Platform Division, Medley Inc. Nov 2021 Director, Minacolla Inc. Jun 2022 Senior Executive Officer and General Manager, Medical Platform Division, Medley Inc. Jul 2025 Executive Officer and General Manager, Corporate Planning Division, the Company Mar 2026 Director and CSO, the Company (current)
1978-01-25
Taichi HATTORI
Director
Apr 1998 Joined Nippon Telegraph and Telephone Corporation (now NTT Docomo Business, Inc.) Jun 2006 Joined Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) Oct 2012 Seconded to Indeed, Inc. as Director Apr 2014 Vice President, Finance, Indeed, Inc. Apr 2018 Senior Vice President, Finance, Indeed, Inc. Apr 2019 CFO, Indeed, Inc. Jul 2021 Director and CFO, SHIFT Inc. Sep 2025 Outside Director, Tebiki Inc. (current) Jan 2026 Outside Director, Sarowin Inc. (current) Mar 2026 Outside Director, the Company (current)
1974-11-16
Mami SUZUKI
Director, Audit and Supervisory Committee Member
Dec 2005 Joined Shin Nihon & Co. (now EY ShinNihon LLC) Feb 2008 Joined Sitefright Inc. Aug 2009 Joined Seiwa Audit Corporation (now RSM Seiwa Audit Corporation) Feb 2014 Joined KPMG FAS Co., Ltd. Jan 2019 Seconded to Mitsui & Co., Ltd. (returned Jan 2021) Mar 2021 Full-time Audit & Supervisory Board Member, the Company Mar 2022 Outside Director, Audit and Supervisory Committee Member, the Company (current) Jul 2023 Outside Audit & Supervisory Board Member, TO Books Co., Ltd. (current) Feb 2024 Outside Audit & Supervisory Board Member, Acompany Inc. (current)
1982-08-31
Mika HORASAWA
Director, Audit and Supervisory Committee Member
Apr 1999 Joined Yokosuka Sogo Law Office Apr 2000 Joined Adachi & Koseki Law Office Apr 2002 Established Hanabuchi & Horasawa Law Office Nov 2006 Joined Shin-Tokyo Law & Accounting Office (merged with Hanabuchi & Horasawa Law Office) Jun 2008 Joined Tatsuki Sogo Law Office Apr 2010 Advisor, Tokyo Metropolitan Government Consumer Affairs Center Jun 2011 Member, Expert Review Committee, Japan Consumer Counselors Association (Qualified Consumer Organization) (current) May 2012 Member, Tokyo Metropolitan Consumer Policy Council Apr 2013 Expert Advisor on Prevention of Unfair Transactions, Tokyo (current) Apr 2017 Special Member, Dispute Resolution Committee, National Consumer Affairs Center of Japan (current) Aug 2019 Outside Audit & Supervisory Board Member, YAMANAKA Inc. (current) Jan 2020 Member, Tokyo Metropolitan Consumer Damage Relief Committee Jan 2022 Joined Harago Sogo Law Office Apr 2022 Part-time Lecturer, Faculty of Sociology, Daito Bunka University (current) Mar 2024 Outside Director, Audit and Supervisory Committee Member, the Company (current) Jan 2025 Partner, Kojimachi Sakura Law Office (current)
1972-03-22
Large Shareholding Reports
Midas Capital Inc.
2026-09-04
49.02%→48.92%
Midas Capital Co., Ltd.
2026-08-06
49.02%→49.02%
Kyohei IWATA
2026-07-31
6.98%→6.55%
Annual report (as of 2026-06-30): 6.55%
Midas Capital Co., Ltd.
2026-07-03
49.02%→49.02%
Midas Capital Co., Ltd.
2026-06-15
49.02%→49.02%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Midas Capital Co., Ltd.
2026-06-12
49.02%→49.02%
Midas Capital Co., Ltd.
2026-06-02
49.02%→49.02%
Midas Capital Co., Ltd.
2026-05-12
49.02%→49.02%
Midas Capital Co., Ltd.
2026-04-15
49.02%→49.02%
Midas Capital Co., Ltd.
2026-04-15
49.02%→49.02%
Midas Capital Co., Ltd.
2026-04-15
49.02%→49.02%
Midas Capital Co., Ltd.
2026-04-03
49.06%→49.02%
Midas Capital Co., Ltd.
2025-12-10
51.74%→49.06%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-04
Large Shareholding Report
TDnet
2026-08-14
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
EDINET
2026-08-06
Large Shareholding Report
EDINET
2026-07-31
Large Shareholding Report
EDINET
2026-07-03
Large Shareholding Report
EDINETAmended
2026-06-15
Change Report
EDINET
2026-06-12
Large Shareholding Report
EDINET
2026-06-02
Large Shareholding Report
TDnet
2026-05-14
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-05-12
Large Shareholding Report
EDINET
2026-04-15
Large Shareholding Report
EDINET
2026-04-15
Large Shareholding Report
EDINET
2026-04-15
Large Shareholding Report
EDINET
2026-04-03
Large Shareholding Report
EDINET
2026-03-25
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2025-12-10
Large Shareholding Report
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
2025-05-14
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-26
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-14
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-22
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
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-23
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINETAmended
2023-02-13
Amended Quarterly Securities Report
Period: Jul 2022 – Sep 2022
EDINET
2022-11-14
Quarterly Securities Report
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