8143
LAPINE CO.,LTD
株式会社ラピーヌ
Textiles & Apparels
Lapine Co., Ltd. engages in the planning, manufacturing, and sale of women's clothing and accessories in Japan. It operates through Wholesale Business, Retail Business, and Welfare Business segments. The company also produces and sells vegetables for the purpose of welfare for persons with disabilities. The company was formerly known as Daito Co., Ltd. and changed its name to Lapine Co., Ltd. in April 1967. Lapine Co., Ltd. was incorporated in 1950 and is headquartered in Chiyoda, Japan.
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⚠ TSE Capital Mandate
P / Book
0.50×
Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥2.0B
¥2.3B
¥3.3B
¥4.4B
Cost of Sales
¥734M
¥721M
¥1.3B
¥2.4B
Gross Profit
¥1.3B
¥1.6B
¥2.0B
¥1.9B
SG&A
¥1.7B
¥2.0B
¥2.7B
¥2.9B
Operating Income
¥-361M
¥-343M
¥-650M
¥-929M
Non-Operating Income
¥253M
¥53M
¥936M
¥1.1B
Dividend Income
¥13M
¥11M
¥10M
¥9M
Interest Income
¥0M
¥0M
¥0M
¥0M
Non-Operating Expenses
¥26M
¥24M
¥18M
¥15M
Interest Expense
¥25M
¥17M
¥17M
¥15M
Ordinary Income
¥-134M
¥-314M
¥269M
¥179M
Pre-tax Income
¥-126M
¥-312M
¥168M
¥166M
Income Taxes
¥3M
¥9M
¥10M
¥11M
Current Tax
¥3M
¥9M
¥10M
¥11M
Deferred Tax
¥0M
¥0M
¥0M
¥0M
Net Income (owners)
¥-129M
¥-322M
¥158M
¥155M
Comprehensive Income
¥-74M
¥-231M
¥358M
¥74M
EBITDA
¥-359M
¥-342M
¥-650M
¥-925M
EPS
¥-54.67
¥-136.03
¥66.92
¥65.74
Shares Outstanding
2.4M
2.4M
2.4M
2.4M
Shares Issued (total)
2.6M
2.6M
2.6M
2.6M
Treasury Shares
0.2M
0.2M
0.2M
0.2M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥3.0B
¥3.4B
¥4.0B
¥3.7B
Current Assets
¥1.3B
¥1.8B
¥2.5B
¥2.2B
Cash & Deposits
¥761M
¥1.3B
¥2.1B
¥1.6B
Trade Receivables
¥217M
¥243M
¥246M
—
Non-Current Assets
¥1.7B
¥1.6B
¥1.5B
¥1.5B
PP&E
¥941M
¥944M
¥941M
¥941M
Investment Securities
¥517M
¥430M
¥317M
¥259M
Total Liabilities
¥2.2B
¥2.5B
¥2.9B
¥2.9B
Current Liabilities
¥1.3B
¥1.5B
¥1.8B
¥2.0B
Accounts Payable
¥111M
¥138M
¥188M
¥250M
ST Debt
¥895M
¥904M
¥1.1B
¥1.1B
Taxes Payable
¥8M
¥14M
¥14M
¥14M
Non-Current Liabilities
¥920M
¥1.1B
¥1.0B
¥880M
Total LT Borrowings
¥680M
¥730M
¥730M
¥570M
Pension Obligations
—
—
—
¥117M
Deferred Tax Liab.
¥72M
¥56M
¥34M
¥1M
Total Equity
¥844M
¥919M
¥1.2B
¥798M
Capital Stock
¥30M
¥30M
¥30M
¥30M
Capital Surplus
¥849M
¥849M
¥849M
¥849M
Retained Earnings
¥-134M
¥-5M
¥316M
¥158M
Treasury Stock
¥-246M
¥-246M
¥-246M
¥-246M
AOCI
¥346M
¥291M
¥200M
¥1M
Equity (owners)
¥499M
¥628M
¥950M
¥791M
Total Interest-Bearing Debt ⓘ
¥1.6B
¥1.6B
¥1.8B
¥1.6B
Net Cash ⓘ
¥-814M
¥-355M
¥288M
¥-80M
NCAV ⓘ
¥-871M
¥-707M
¥-359M
¥-663M
NCAV/Share
¥-368
¥-299
¥-152
¥-280
BV/Share
¥211
¥266
¥402
¥335
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥-452M
¥-661M
¥361M
¥358M
Interest Paid
¥-28M
¥-14M
¥-17M
¥-15M
Interest Received
¥13M
¥11M
¥10M
¥9M
D&A
¥2M
¥0M
¥0M
¥4M
Investing CF
¥-6M
¥19M
¥9M
¥-26M
CapEx
¥14M
¥3M
—
—
Purchase Investments
¥-1M
¥-0M
¥-0M
¥-0M
Financing CF
¥-60M
¥-168M
¥157M
¥-3M
Dividends Paid
—
—
¥-0M
¥-0M
Share Buybacks
¥-0M
¥-0M
¥-0M
¥-0M
Free Cash Flow
¥-466M
¥-664M
¥361M
¥358M
Net Change in Cash
¥-518M
¥-809M
¥528M
¥329M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
-14.7%
-31.0%
16.3%
20.6%
ROA
-4.0%
-8.6%
4.1%
4.2%
EPS
¥-54.67
¥-136.03
¥66.92
¥65.74
DPS
¥0.00
¥0.00
¥0.00
¥0.00
BPS
¥357.14
¥388.60
¥486.23
¥334.98
FCF/Share
¥-197
¥-281
¥153
¥151
NCAV/Share
¥-368
¥-299
¥-152
¥-280
Payout Ratio
—
—
0.0%
0.0%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 1
Date Activist Stake Event Flag Demands Source
2026-03-18
FREESIA MACROSS CORPORATION
34.61%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 10
#
Shareholder
Shares (thou.)
% of Total
1
FREESIA MACROSS CORPORATION
フリージア・マクロス株式会社
836
35.36%
2
MUFG Bank
株式会社三菱UFJ銀行
100
4.23%
3
SBI SECURITIES Co., Ltd.
株式会社SBI証券
92
3.91%
4
Giken Holdings Co., Ltd.
技研ホールディングス株式会社
50
2.13%
5
吉江 克己
45
1.90%
6
GMOクリック証券株式会社
39
1.68%
7
白井 貢
34
1.45%
8
吉田 功
34
1.43%
9
花染 忠明
33
1.40%
10
Employee Stock Ownership Plan
ラピーヌ社員持株会
31
1.34%
Domestic Nominees
0.0%
+0.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
54.8%
-0.4% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
FREESIA MACROSS CORPORATION
フリージア・マクロス
35.35%
35.36%
35.36%
MUFG Bank
式会社三菱UFJ銀行
4.22%
4.22%
4.23%
+0.01%
SBI SECURITIES Co., Ltd.
式会社SBI証券
—
1.99%
3.91%
+1.92%
Giken Holdings Co., Ltd.
技研ホールディングス
2.13%
2.13%
2.13%
吉江 克己
1.90%
1.90%
1.90%
GMOクリック証券
NEW ENTRY
—
—
—
1.68%
NEW
白井 貢
NEW ENTRY
—
—
—
1.45%
NEW
吉田 功
NEW ENTRY
1.05%
—
1.43%
NEW
花染 忠明
NEW ENTRY
—
—
—
1.40%
NEW
Employee Stock Ownership Plan
ラピーヌ社員持株会
1.74%
1.62%
1.34%
-0.28%
Sumitomo Mitsui Banking Corporation
三井住友銀行
last seen 2024
Exited Top 10
4.22%
3.85%
—
楽天証券
last seen 2024
Exited Top 10
1.72%
1.51%
—
中野 隆一
last seen 2024
Exited Top 10
1.26%
1.43%
—
田 健人
last seen 2024
Exited Top 10
—
1.26%
—
ラピーヌ取引先持株会
last seen 2023
Exited Top 10
1.11%
—
—
Concentration (HHI)
ⓘ
1303
1304
1302
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥462M
+67% since 2023
Holdings
10
Trend
6 building
vs 2023
Held Company
FY2025
¥462M total
FY2023
¥277M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
211
111,000
107
111,000
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
101
+200.0%
↑
26,598
53
8,866
TOC Co.,Ltd
㈱テーオーシー
57
90,000
61
90,000
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
27
6,400
14
6,400
The Hyakujushi Bank,Ltd.
㈱百十四銀行
24
7,269
15
7,269
M
Isetan Mitsukoshi Holdings Ltd.
㈱三越伊勢丹ホールディングス
13
+2.5%
↑
5,642
8
5,504
Takashimaya Company,Limited
㈱髙島屋
10
+105.4%
↑
7,919
7
3,856
エイチ・ツー・オー リテイリング㈱
9
+2.8%
↑
4,127
6
4,016
J.フロント リテイリング㈱
9
+4.0%
↑
4,571
6
4,396
Kintetsu Department Store Co.
㈱近鉄百貨店
2
+0.3%
↑
933
2
930
Portfolio total
462
277
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding