Human Made Co., Ltd.

456A HUMAN MADE株式会社

Apparel Manufacturing · TSE

PRICE: ¥1,648 · MKT CAP: ¥151.0B · P/E: 49.6x · P/B: 12.80x · DIV YIELD: 0.0%

PRICE — 5Y

Characteristics & Business Summary

HUMAN MADE Inc. designs and produces apparel and lifestyle products in China. It offers clothing, shirts, and hats; and lifestyle products, such as interior goods and towels. The company sells its products through e-commerce and store channels. HUMAN MADE...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2025
Net Sales	14,273
Operating Profit	4,531
Ordinary Profit	4,334
Net Profit	2,941
EPS	¥128
DPS	¥0

Balance Sheet & Valuation Highlights

Total Assets ¥15B

Net Assets (Equity) ¥12B

Equity Ratio 81.3%

ROE (Return on Equity) 24.9%

Cash & Equivalents ¥10B

Interest-Bearing Debt ¥0B

Capital Expenditure (CapEx) ¥1B

Depreciation & Amort. ¥0B

Major Shareholders

1. 株式会社NIGOLD 42.4%
2. WILLIAMS PHARRELL（国内連絡先：HUMAN MADE株式会社法務部） 18.1%
3. Custody Bank of Japan, Ltd. (Trust Account) 6.2%
4. 長尾智明 3.6%
5. MLI FOR CLIENT GENERAL NON TREATY-PB（常任代理人：BOFA証券株式会社） 3.3%
6. State Street Bank and Trust Company 2.7%
7. 松沼礼 2.4%
8. 柳澤純一 2.4%
9. 鳩山玲人 2.4%
10. State Street Bank and Trust Company 1.7%

Activist Activity

Nagao Tomoaki 46.04%

2025-12-24 · change

Pharrell Williams 18.16%

2025-12-04 · initial_5pct

Nagao Tomoaki 49.76%

2025-12-04 · initial_5pct

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2025
Revenues per share	¥623
FCF/Share	¥98
EPS	¥128
DPS	¥0
Capital Spending per share	¥39
Book Value per share	¥515
Common Shares Outstanding	23M

Financial Aggregates & Margins

Financial Aggregate	FY 2025
Revenues (Net Sales)	¥14B
Operating Margin (%)	31.7%
Net Profit (owners)	¥3B
Net Profit Margin (%)	20.6%
Working Capital	¥9B
Total Debt (Interest-bearing)	¥0B
Net Worth (Common Equity)	¥12B
Return on Total Assets (ROA)	20.3%
Return on Common Equity (ROE)	24.9%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.