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Overview

Retail Trade

Laox Holdings CO.,LTD.

LAOX Group operates four core business segments: Gift Solution (sale of gift and lifestyle products through Shady Co., Ltd. and related brands), Retail (duty-free retail targeting inbound tourists as well as apparel and accessories including Barneys Japan), Trading (import/export of private-brand products and global e-commerce), and Asset & Services (operation and management of mixed-use commercial facilities and real estate transactions). The group leverages its strong ties with Chinese retail conglomerate Suning to drive inbound and cross-border commerce. Its diversified portfolio spans gift distribution, luxury/apparel retail, and commercial property management primarily across Japan and China.

Market Cap

¥13.3B

US$84.5M

¥9.36B

US$59.7M

Stock¥145▼-0.68%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

10.2

LTM EV/EBIT

108.8

LTM PER

38.1

LTM PBR

0.6

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-33.4%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

87%

EquityD/E 0.15xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 67.1%

as of 2026-06-30 · Source: Annual Securities Report

GRANDA MAGIC LIMITED (Standing Proxy: Daiwa Securities Co. Ltd.)

30.39%

WISEHUB INTERNATIONAL CO., LIMITED (Standing Proxy: Yoshiaki NAKATA)

24.22%

Japan Tourist Duty Free Co., Ltd.

6.01%

Yiwen LUO

1.75%

Satoshi YAMASHITA

1.17%

Rakuten Securities, Inc.

1.12%

AIIN Co., Ltd.

0.70%

Takeo WADA

0.63%

Chubun Sangyo Co., Ltd.

0.59%

DMM.com Securities Co., Ltd.

0.57%

Management

13 officers

Yiwen LUO

Representative Director, Chairman and President, CEO

Apr 1992 Opened Chinese-language bookstore Chugoku Shoten; launched Chinese-language newspaper Chūbun Dōhō Oct 1995 Established Chubun Sangyo Co., Ltd.; Representative Director May 2006 Established Shanghai Xintiandi Co., Ltd. (now Japan Tourist Duty Free Co., Ltd.); Representative Director Aug 2009 Joined the Company; Representative Director, President Dec 2017 Established Rakukohyoh (Shanghai) Enterprise Management Co., Ltd.; Representative Director (current) Oct 2019 Representative Director, Chairman and President, Shady Co., Ltd. Oct 2019 Established R&L Holdings Co., Ltd.; Representative Director (current) Mar 2021 Representative Director, Chairman, the Company May 2021 Representative Director, Chairman, Ascot Corporation Jun 2022 Chairman of the Board, Kosaido Holdings Co., Ltd. Mar 2023 Representative Director, Chairman and CEO, the Company Apr 2024 Director, Iwate Hotel & Resort Co., Ltd. (current) Jun 2024 Representative Director, Hong Kong Yiluo Co., Ltd. (current) Jun 2024 Representative Director, Chairman and CEO, Kosaido Holdings Co., Ltd. (current) Mar 2026 Representative Director, Chairman and President, CEO, the Company (current)

1963-04-29

Masataka TANIGUCHI

Director

Apr 2001 Joined Japan New Alpha Co., Ltd. May 2013 Representative Director and President, Lirafuru Co., Ltd. Aug 2018 Joined the Company Nov 2023 Director, Laox Real Estate Co., Ltd. (current) Nov 2023 Director, Laox Logistics Co., Ltd. Jan 2026 General Manager, Group Management Office, the Company (current) Jan 2026 Representative Director, Laox Logistics Co., Ltd. (current) Jan 2026 Director, Shady Co., Ltd. (current) Jan 2026 Director, Laox Trading Co., Ltd. (current) Mar 2026 Director, Barneys Japan Co., Ltd. (current)

1973-01-01

Ang GUO

Director

Apr 2007 Joined NIS Group Co., Ltd. Jun 2009 Joined Iwai Securities Co., Ltd. (now Iwai Cosmo Holdings, Inc.) Jun 2010 Joined IS Holdings Co., Ltd. Feb 2019 Joined the Company Nov 2019 Obtained Chinese lawyer qualification Apr 2021 General Manager, Business Strategy Department, the Company Jan 2023 Deputy General Manager, Group Management Planning Office, the Company Feb 2023 Representative Director, Laox Real Estate Co., Ltd. (current) Mar 2023 General Manager, Business Strategy Office, the Company (current); Director, the Company (current) May 2023 Director, Barneys Japan Co., Ltd. Jan 2024 Director, Nihon Kayo Renshu Digital Solutions Co., Ltd. (current)

1978-05-14

Yasuhiro AKUTSU

Outside Director

Apr 1990 Joined Dai-Ichi Kangyo Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2002 Senior Corporate Officer, Business Planning Department, Mizuho Corporate Bank, Ltd. Apr 2003 Counselor, HR Group, HR Department, Mizuho Bank, Ltd. Sep 2004 Executive Consultant, KFI Co., Ltd. Jun 2007 Representative Director, KFI Co., Ltd. Nov 2009 Established Tokyo International Consulting Co., Ltd.; Representative Director (current) Mar 2020 Outside Director, the Company (current)

1967-02-03

Yao LU

Outside Director

Jan 2007 General Manager, Home Appliances Division, Philips (China) Investment Co., Ltd. Oct 2009 General Manager, Lilanz (Shanghai) Co., Ltd. Jul 2011 General Manager, Ariston (China) Co., Ltd. Sep 2013 Vice President, Samsung (China) Investment Co., Ltd. Mar 2021 Vice President, Suning.com Group Co., Ltd. (current) Mar 2024 Outside Director, the Company (current)

1965-07-01

Yoshiaki NAKATA

Outside Director

Nov 2011 Registered as attorney-at-law (Daiichi Tokyo Bar Association) Dec 2011 Joined Takekawa, Oka & Yoshino Law Office (now Oka Sogo Law Office) Oct 2020 Joined OMM Law Office (current) Aug 2022 Outside Director, the Company (current)

1982-11-30

Bin ZHOU

Outside Director

Mar 2006 Joined PricewaterhouseCoopers Consulting, Shanghai Branch Mar 2008 Joined CITIC Securities Co., Ltd. Apr 2015 Vice President, Strategic Client Department, CITIC Securities Co., Ltd. Oct 2015 Executive Officer, Investment Banking Division, Investment Management Department, Suning Investment Group Mar 2017 Director, the Company Feb 2018 President, Consumer Retail Business Division, Suning Investment Group Apr 2023 CFO, Suning.com Group Co., Ltd. (current) Mar 2024 Outside Director, the Company (current)

1981-09-02

Takumi FUKUDA

Outside Director

Apr 2005 Joined UFJ Bank, Ltd. (now MUFG Bank, Ltd.) Jan 2007 Joined Lisa Partners Co., Ltd. Sep 2008 Joined Milestone Turnaround Management Co., Ltd. Aug 2012 Joined Enterprise Turnaround Initiative Corporation of Japan (now Regional Economy Vitalization Corporation of Japan) Jul 2014 Director, Topaz Capital Co., Ltd. Nov 2021 Representative Director, SDF Capital Co., Ltd. (current) Mar 2024 Outside Director, the Company (current)

1981-05-30

Yaqing LIN

Outside Director

Jun 2011 Joined Jiangsu Shiji Tongren Law Firm Dec 2020 Partner, Jiangsu Shiji Tongren Law Firm (current) Mar 2024 Outside Director, the Company (current)

1988-06-18

Yoichi KITAZAWA

Full-time Audit & Supervisory Board Member

Apr 1984 Joined Marui Co., Ltd. Sep 1992 Joined Geos Corporation Sep 2007 Joined Chubun Sangyo Co., Ltd. Apr 2013 Joined the Company; General Manager, Internal Audit Office Jan 2015 General Manager, Legal Department, the Company Apr 2022 Deputy General Manager, Group General Affairs and Legal Office, the Company Mar 2023 Full-time Audit & Supervisory Board Member, the Company (current) Mar 2025 Audit & Supervisory Board Member, Shady Co., Ltd. (current)

1961-01-24

Akira KAMIMURA

Outside Audit & Supervisory Board Member

2000 Passed the Japanese bar examination Jul 2002 Joined Anderson Mori & Tomotsune Aug 2004 Joined Nishikawa Sidley Austin Law Office Sep 2008 Joined Sidley Austin LLP (Los Angeles) Aug 2009 Joined Soga Uri Itoga Law Office Jan 2010 Partner Attorney, Soga Uri Itoga Law Office Mar 2013 Established Kamimura Sogo Law Office; Representative Attorney Mar 2014 Outside Audit & Supervisory Board Member, the Company (current) Aug 2014 Established KP Transaction Advisory Services Co., Ltd. (now KPTAS Co., Ltd.); Representative Director (current) May 2016 Established Kamimura, Ohira & Mizuno Law Office; Representative Attorney (current) Jun 2021 Outside Director, Kosaido Co., Ltd. (now Kosaido Holdings Co., Ltd.) (current)

1973-07-11

Zhisong HUA

Outside Audit & Supervisory Board Member

2004 Joined Suning Yunshang Group Co., Ltd. (now Suning.com Group Co., Ltd.) Apr 2012 Deputy Chief Accountant, Accounting Center, Financial Management Center, Finance Division, Suning Yunshang Group Apr 2013 Chief Financial Planning Officer, Finance Division, Suning Yunshang Group May 2013 Supervisor, Rogo Shi (Shanghai) Trading Co., Ltd. Dec 2013 Supervisor, Suning Yunshang Group Feb 2014 Chief Financial Planning Officer, Financial Management Center, Suning Yunshang Group Mar 2014 Audit & Supervisory Board Member, the Company Dec 2017 Supervisor, Rakukohyoh (Shanghai) Enterprise Management Co., Ltd. May 2019 Executive Director and Secretary, Finance Division, Suning.com Group Co., Ltd. Feb 2021 Executive Vice President, Finance Division, Suning.com Group Co., Ltd. (current) Mar 2026 Outside Audit & Supervisory Board Member, the Company (current)

1981-05-02

Masanori KATO

Outside Audit & Supervisory Board Member

Oct 1995 Joined Ota Showa & Co. (now EY ShinNihon LLC) Feb 2003 Joined KPMG FAS Co., Ltd. Oct 2012 Established Kato Certified Public Accountant Office; Representative (current) Jun 2019 Outside Audit & Supervisory Board Member, Kosaido Co., Ltd. (now Kosaido Holdings Co., Ltd.) (current) Jun 2020 Outside Director (Audit and Supervisory Committee Member), Nakayo Co., Ltd. Oct 2022 Outside Director (Audit and Supervisory Committee Member), Mitsuboshi Co., Ltd. (current) Mar 2025 Outside Audit & Supervisory Board Member, the Company (current)

1971-02-15

Large Shareholding Reports

GRANDA MAGIC LIMITED

2026-03-19

45.74%→29.77%

GRANDA MAGIC LIMITED

2026-03-18

45.74%→29.76%

Hammax Investment Limited

2025-11-21

24.34%→0.00%

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

Hammax Investment Limited

2025-11-20

24.34%→0.00%

Wise Hub International Corporation Limited

2025-11-20

0.00%→23.72%

Japan Duty Free Tourism Co., Ltd.

2025-11-05

5.88%→5.88%

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

Annual report (as of 2026-06-30): 6.01%

Japan Duty Free Tourism Co., Ltd.

2025-11-05

5.88%→5.88%

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

Annual report (as of 2026-06-30): 6.01%

Japan Duty Free Tourism Co., Ltd.

2025-11-04

5.88%→5.88%

Annual report (as of 2026-06-30): 6.01%

Japan Duty Free Tourism Co., Ltd.

2025-11-04

5.88%→5.88%

Annual report (as of 2026-06-30): 6.01%

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-08-14

Q2 Earnings Flash

FY ending Dec 2026

Laox Holdings CO.,LTD.

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Laox Holdings CO.,LTD.

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