8202
Laox Holdings CO.,LTD.
ラオックスホールディングス株式会社
Consumer Cyclical · Specialty Retail
Laox Holdings CO.,LTD. primarily engages in the retail business. It operates through four reportable segments: Gift Solutions Business, Retail Business, Trading Business, and Asset Service Business segments. The company engages in the sales business of gift items and lifestyle-related goods; and operation of duty-free shops for tourists visiting Japan, as well as sales of men's, women's clothing, and general merchandise. It is also involved in trading business through import and export of private label products and develops global e-commerce; and operation of Japanese restaurants. In addition, it engages in the operation and management of mixed-use commercial facilities, real estate sales and brokerage, and rental property management. Laox Holdings CO.,LTD. was founded in 1930 and is headquartered in Minato, Japan.
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← Companies
⚠ TSE Capital Mandate
P / Book
0.60×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥57.5B
¥61.5B
¥60.2B
¥55.1B
¥68.1B
Cost of Sales
¥37.8B
¥41.1B
¥42.1B
¥40.4B
¥52.5B
Gross Profit
¥19.7B
¥20.4B
¥18.1B
¥14.7B
¥15.7B
SG&A
¥19.7B
¥20.3B
¥17.8B
¥14.6B
¥18.5B
Operating Income
¥69M
¥142M
¥284M
¥49M
¥-2.8B
Non-Operating Income
¥68M
¥225M
¥419M
¥632M
¥912M
Interest Income
¥24M
¥20M
¥23M
¥19M
¥177M
Non-Operating Expenses
¥102M
¥141M
¥148M
¥192M
¥217M
Interest Expense
¥9M
¥14M
¥13M
¥23M
¥89M
Ordinary Income
¥35M
¥226M
¥555M
¥490M
¥-2.2B
Pre-tax Income
¥-72M
¥674M
¥2.1B
¥74M
¥-7.8B
Income Taxes
¥26M
¥3M
¥56M
¥7M
¥-621M
Current Tax
¥45M
¥75M
¥60M
¥52M
¥106M
Deferred Tax
¥-18M
¥-71M
¥-3M
¥-44M
¥-727M
Net Income (owners)
¥-99M
¥670M
¥2.0B
¥69M
¥-7.1B
Minority Interest
—
—
—
¥-2M
¥-38M
Comprehensive Income
¥-122M
¥585M
¥2.1B
¥145M
¥-7.1B
EBITDA
¥943M
¥1.0B
¥1.1B
¥1.1B
¥-1.5B
Goodwill Amort. (J-GAAP)
¥18M
¥7M
—
—
—
EPS
¥-1.09
¥7.34
¥22.35
¥0.76
¥-77.78
Shares Outstanding
91.4M
91.4M
91.4M
91.4M
91.4M
Shares Issued (total)
93.3M
93.3M
93.3M
93.3M
93.3M
Treasury Shares
1.9M
1.9M
1.9M
1.9M
1.9M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥42.4B
¥44.1B
¥46.3B
¥40.9B
¥46.7B
Current Assets
¥31.5B
¥33.2B
¥35.0B
¥30.4B
¥33.0B
Cash & Deposits
¥9.0B
¥10.8B
¥11.2B
¥10.5B
¥10.8B
Non-Current Assets
¥10.9B
¥10.8B
¥11.2B
¥10.5B
¥13.7B
PP&E
¥5.7B
¥5.5B
¥5.4B
¥5.3B
¥6.0B
Intangible Assets
¥848M
¥880M
¥1.1B
¥1.2B
¥1.6B
Deferred Tax Assets
¥17M
¥22M
¥26M
¥79M
¥38M
Total Liabilities
¥19.7B
¥21.1B
¥23.9B
¥20.6B
¥26.6B
Current Liabilities
¥15.8B
¥17.0B
¥19.3B
¥17.1B
¥22.0B
Accounts Payable
¥7.1B
¥7.4B
¥8.4B
¥7.9B
¥8.4B
ST Debt
¥2.5B
¥2.7B
¥2.5B
¥1.2B
¥2.0B
Taxes Payable
¥92M
¥77M
¥51M
¥79M
¥520M
Non-Current Liabilities
¥3.9B
¥4.1B
¥4.5B
¥3.5B
¥4.6B
Total LT Borrowings
¥439M
¥315M
¥192M
¥91M
¥114M
Pension Obligations
¥794M
¥843M
¥976M
¥1.0B
¥1.2B
Deferred Tax Liab.
¥509M
¥523M
¥559M
¥617M
¥625M
Total Equity
¥22.7B
¥23.0B
¥22.4B
¥20.3B
¥20.1B
Capital Stock
¥100M
¥100M
¥100M
¥100M
¥100M
Capital Surplus
¥14.6B
¥17.7B
¥17.7B
¥17.7B
¥42.5B
Retained Earnings
¥9.8B
¥7.1B
¥6.4B
¥4.4B
¥-20.7B
Treasury Stock
¥-2.4B
¥-2.4B
¥-2.4B
¥-2.4B
¥-2.4B
AOCI
¥546M
¥569M
¥655M
¥619M
¥540M
Equity (owners)
¥22.1B
¥22.4B
¥21.7B
¥19.7B
¥19.5B
Minority Interests
—
—
—
—
¥47M
Total Interest-Bearing Debt ⓘ
¥3.0B
¥3.0B
¥2.7B
¥1.3B
¥2.1B
Net Cash ⓘ
¥6.0B
¥7.8B
¥8.4B
¥9.2B
¥8.7B
NCAV ⓘ
¥11.7B
¥12.1B
¥11.2B
¥9.8B
¥6.4B
NCAV/Share
¥129
¥133
¥122
¥107
¥70
BV/Share
¥242
¥245
¥238
¥215
¥214
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥-328M
¥-70M
¥-187M
¥-2.1B
¥928M
Interest Paid
¥-13M
¥-14M
¥-13M
¥-23M
¥-104M
Interest Received
¥23M
¥19M
¥20M
¥19M
¥283M
D&A
¥856M
¥858M
¥818M
¥1.0B
¥1.4B
Goodwill Amort.
¥18M
¥7M
—
—
—
Investing CF
¥-1.2B
¥-652M
¥-747M
¥2.5B
¥1.2B
CapEx
¥521M
¥344M
¥689M
¥171M
¥716M
Purchase Investments
¥-155M
¥-219M
—
—
—
Proceeds from Invest.
—
¥113M
¥37M
—
—
Financing CF
¥-320M
¥238M
¥1.3B
¥-974M
¥-4.2B
Dividends Paid
¥-180M
—
—
—
—
LT Debt Repaid
¥-227M
¥-29M
¥-29M
¥-13M
¥-12M
Free Cash Flow
¥-849M
¥-414M
¥-876M
¥-2.2B
¥212M
Net Change in Cash
¥-1.8B
¥-435M
¥461M
¥-497M
¥-1.9B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
-0.4%
3.0%
9.6%
0.3%
-30.3%
ROA
-0.2%
1.5%
4.7%
0.2%
-15.2%
EPS
¥-1.09
¥7.34
¥22.35
¥0.76
¥-77.78
DPS
¥3.00
¥2.00
—
—
—
BPS
¥248.05
¥251.39
¥244.99
¥222.25
¥219.46
FCF/Share
¥-9
¥-5
¥-10
¥-25
¥2
NCAV/Share
¥129
¥133
¥122
¥107
¥70
Payout Ratio
—
27.2%
—
—
—
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 9
Date Activist Stake Event Flag Demands Source
2026-03-19
GRANDA MAGIC LIMITED
29.77%
+0.01%
correction
Passive
—
2026-03-18
GRANDA MAGIC LIMITED
29.76%
change
Passive
—
2025-11-21
HANMAX INVESTMENT LIMITED
—
correction
Passive
—
2025-11-20
HANMAX INVESTMENT LIMITED
—
exit
Passive
—
2025-11-20
Wisehub International Co., Limited
23.72%
initial_5pct
Passive
—
2025-11-05
NIHON KANKO MENZEI Co., Ltd.
12.73%
correction
Passive
—
2025-11-05
NIHON KANKO MENZEI Co., Ltd.
12.73%
correction
Passive
—
2025-11-04
NIHON KANKO MENZEI Co., Ltd.
12.73%
initial_5pct
Passive
—
2025-11-04
NIHON KANKO MENZEI Co., Ltd.
12.73%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
GRANDA MAGIC LIMITED (常任代理人 大和証券株式会社)
27,783
30.39%
2
WISEHUB INTERNATIONAL CO.,LIMITED (常任代理人 中田 吉昭)
22,144
24.22%
3
日本観光免税株式会社
5,489
6.01%
4
羅 怡文
1,600
1.75%
5
山下 覚史
1,039
1.14%
6
株式会社AIIN
640
0.70%
7
中文産業株式会社
542
0.59%
8
株式会社DMM.com証券
521
0.57%
9
和田 建生
465
0.51%
10
楽天証券株式会社
428
0.47%
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
66.3%
+1.7% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
GRANDA MAGIC LIMITED
NEW ENTRY
—
—
—
30.39%
NEW
WISEHUB INTERNATIONAL CO.,LIMITED
NEW ENTRY
—
—
—
24.22%
NEW
日本観光免税
6.01%
6.01%
6.01%
羅 怡文
NEW ENTRY
—
—
—
1.75%
NEW
山下 覚史
0.94%
1.14%
1.14%
式会社AIIN
0.70%
0.70%
0.70%
中文産業
0.59%
0.59%
0.59%
式会社DMM.com証券
0.32%
0.46%
0.57%
+0.11%
和田 建生
NEW ENTRY
—
—
—
0.51%
NEW
楽天証券
—
0.36%
0.47%
+0.11%
GRANDA MAGIC LIMITED
last seen 2024
Exited Top 10
30.39%
30.39%
—
HANMAX INVESTMENT LIMITED
last seen 2024
Exited Top 10
24.22%
24.22%
—
安東 光輝
last seen 2024
Exited Top 10
0.85%
0.42%
—
グローバルワーカー派遣
last seen 2024
Exited Top 10
0.32%
0.32%
—
張 明
last seen 2023
Exited Top 10
0.32%
—
—
Concentration (HHI)
ⓘ
1549
1549
1552
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥155M
Holdings
1
Held Company
FY2025
¥155M total
Book Val ¥M
Shares
Escli Co., Ltd.
㈱エスクリ
155
780,000
Portfolio total
155
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding
· Only one fiscal year available