Overview
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W TOKYO Inc.

W TOKYO Inc. is a branding platform company that operates TOKYO GIRLS COLLECTION (TGC), Japan's premier fashion and entertainment event held biannually since 2005, targeting youth audiences aged 10–30s through fashion shows, music live performances, and brand experience booths. The company generates revenue primarily from corporate sponsorships, ticket sales, and brand exhibition fees, while also expanding TGC to regional cities across Japan as a city promotion and regional revitalization solution for local governments. Beyond TGC, the company offers PR consulting, content production, and talent casting services leveraging its event production expertise.

Market Cap
¥5.01B
US$31.9M
EV
¥3.42B
US$21.8M
Stock¥1,919▼-2.79%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.0
x
LTM EV/EBIT
8.6
x
LTM PER
19.9
x
LTM PBR
2.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-34.4%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
5.01BUS$31.9MMarket Cap0.47BUS$3.02M+ Debt2.04BUS$13.0M− Cash0.01BUS$0.09M− Inv. Sec.3.42BUS$21.8MEV
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Performance & Balance
Revenue 5Y (¥B)
3.62US$23.1M'23/63.96US$25.2M'24/63.93US$25.0M'25/64.38US$27.9M'26/6
EBITDA 5Y (¥B)
0.67US$4.25M'23/60.53US$3.38M'24/60.37US$2.37M'25/60.42US$2.67M'26/6
Net Income 5Y (¥B)
0.41US$2.59M'23/60.33US$2.09M'24/60.17US$1.10M'25/60.25US$1.60M'26/6
Capital Structure
79%
21%
EquityD/E 0.26xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.97US$12.6M1.15US$7.34M'23/61.94US$12.4M0.90US$5.74M'24/61.86US$11.9M0.59US$3.73M'25/62.06US$13.1M0.47US$3.02M'26/6
Shareholders
Top 10 hold 71.8%
1
Noriyoshi MURAKAMI
28.76%
2
SBI Holdings,Inc.
10.59%
3
SBI SECURITIES Co., Ltd.
9.02%
4
Mynavi Corporation
7.05%
5
Hideki MATSUI
3.87%
6
Fujio SHIBASAKI
3.33%
7
Storm Labels Inc.
3.13%
8
Seigo TERAOKA
2.22%
9
TRANSACTION CO.,Ltd.
2.13%
10
Takashi HARATANI
1.69%
Management
6 officers
Noriyoshi MURAKAMI
Representative Director
Apr 2004 Joined Recruit Media Communications Inc. (now Recruit Co., Ltd.) May 2004 Joined Zevel Inc. (now Branding Inc.) May 2006 Limited Liability Partner, Yatomi Food Processing Office (current) Oct 2007 Representative Director, STARLET Inc. May 2009 Joined F1 Media Inc. (renamed W media Inc.; merged into TOKYO GIRLS COLLECTION Inc. (now the Company), after which it ceased to exist) Sep 2014 Representative Director, W media Inc. Sep 2016 Representative Director, TOKYO GIRLS COLLECTION Inc. (now the Company) (current) May 2019 Representative Director, W Inc. (current) Dec 2023 Director, YOAKE entertainment Inc. (current)
1981-04-16
Hokuto INOUE
Director
Apr 2004 Joined Goldman Sachs Securities Co., Ltd. Sep 2013 Representative Director, coromo Inc. (current) Mar 2015 Representative Director, Intellectual Backyard Inc. Jul 2015 Representative Director, Idenshi Kagaku Suishin Kiko Inc. Jul 2015 Representative Director, SHV Inc. (current) Oct 2015 Representative Director, Angel Bridge Inc. Feb 2016 Director, Bios Inc. Nov 2016 Representative Director, IoT Bridge Inc. (now Angel Bridge Deal-by-Deal Fund No. 6 Inc.) (current) Jun 2017 Director, Synapse Innovation Inc. Dec 2017 Director, Haneda Ichiba Inc. Sep 2018 Director, the Company (current) Sep 2018 Director, Animo Inc. (current) Oct 2018 Director, glafit Inc. (current) Oct 2018 Director, WHITE CROSS Inc. (current) Mar 2019 Director, Broad Enterprise Inc. (current) Jun 2019 Director, Lestas Inc. (current) Jul 2019 Representative Director, iMAGINE-X Inc. (current) Sep 2022 Director, I-Grid Solutions Inc. (current)
1980-01-27
Yasuo NAMIKI
Audit & Supervisory Board Member
Nov 1996 Joined Asahi Audit Corporation (now Azsa LLC) Apr 2000 Registered as Certified Public Accountant Jan 2004 Joined Tohmatsu Tax Corporation (now Deloitte Tohmatsu Tax Co.) Feb 2008 Opened Namiki Yasuo Accounting & Tax Office (now Kyodo Accounting Office Suiran Consulting) (current) May 2008 Representative Director, Namiki Zaimu Advisory Co., Ltd. (current) Jul 2008 Representative Director, Signs Transaction Services Inc. Feb 2009 Audit & Supervisory Board Member, D.L.E. Inc. Sep 2012 Audit & Supervisory Board Member, Hanna Instruments Japan Inc. (current) Jul 2015 Audit & Supervisory Board Member, the Company (current) Jul 2017 Audit & Supervisory Board Member, S Inc. (current) Aug 2017 Audit & Supervisory Board Member, GOLDEN HIPPO Inc. (current)
1973-09-16
Yuko HARAGUCHI
Audit & Supervisory Board Member
Dec 2008 Joined Mori Hamada & Matsumoto Oct 2010 Opened Haraguchi Gotanda Law Office Mar 2018 Audit & Supervisory Board Member, the Company (current) Sep 2018 Registered as Attorney-at-Law Sep 2018 Joined Nonaka & Kawarabayashi Law Office Jul 2021 Joined Miyamura & Igeta Law Office Oct 2023 Joined One Asia Law Office (current) Oct 2023 Audit & Supervisory Board Member, Riabroad Inc. Oct 2024 Director (Audit and Supervisory Committee Member), Riabroad Inc.
1982-10-14
Mitsuru AOKI
Director, COO
Apr 1997 Joined Recruit Co., Ltd. Jul 2004 Joined Egao Planning Inc. Aug 2006 Joined MOVIDA Inc. Apr 2008 Joined Zevel Inc. (now Branding Inc.) Sep 2009 Joined F1 Media Inc. (renamed W media Inc.; merged into TOKYO GIRLS COLLECTION Inc. (now the Company), after which it ceased to exist) Jun 2010 Director, W media Inc. Oct 2011 Joined Yoshimoto Kogyo Holdings Co., Ltd. Oct 2011 Seconded to Yoshimoto Creative Agency Inc. (now Yoshimoto Kogyo Holdings Co., Ltd.) Apr 2017 Director, Yoshimoto Creative Agency Inc. Mar 2018 COO, the Company (current) Sep 2018 Representative Director, Yoshimoto Art Entertainment Inc. Jul 2020 Representative Director, W lab Inc. (now TGC Social lab Inc.) Jul 2025 Director, TGC Social lab Inc. (current)
1972-08-28
Taishi KIMURA
Full-time Audit & Supervisory Board Member
Apr 1996 Joined Mitsubishi Corporation Oct 2002 Joined Chuo Aoyama Audit Corporation (now PwC Japan LLC) Jan 2004 Joined Ernst & Young LLP, New York Office Jul 2008 Licensed as U.S. Certified Public Accountant (New York State) Jan 2009 Joined Shin Nihon LLC (now EY Shin Nihon LLC) Jan 2013 Joined Jomon Associates Inc. Oct 2016 Established Ocean Savage Inc.; Representative Director and CEO (current) Dec 2018 Joined Recruit Executive Agent Inc. Sep 2024 Audit & Supervisory Board Member, the Company (current)
1972-12-10
Large Shareholding Reports
Noriyoshi MURAKAMI
2026-10-05
24.19%→24.18%
Annual report (as of 2026-06-30): 28.76%
SBI Holdings, Inc.
2026-06-05
10.03%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-05
Large Shareholding Report
EDINET
2026-09-18
Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2026-08-14
Full-Year Earnings Flash
FY ending Jun 2026
EDINET
2026-06-05
Large Shareholding Report
TDnet
2026-05-15
Q3 Earnings Flash
FY ending Jun 2026
EDINET
2026-02-13
Semi-Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2025-11-14
Q1 Earnings Flash
FY ending Jun 2026
EDINET
2025-09-24
Annual Securities Report
Period: Jul 2024 – Jun 2025
TDnetAmended
2025-05-15
Q3 Earnings Flash
FY ending Jun 2025
TDnet
2025-05-15
Q3 Earnings Flash
FY ending Jun 2025
EDINET
2025-02-14
Semi-Annual Securities Report
Period: Jul 2024 – Jun 2025
TDnet
2024-11-14
Q1 Earnings Flash
FY ending Jun 2025
EDINET
2024-09-30
Annual Securities Report
Period: Jul 2023 – Jun 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-09-29
Annual Securities Report
Period: Jul 2022 – Jun 2023
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