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Operator of Japan's leading price-comparison website and Tabelog restaurant review platform.
Operator of Japan's leading price-comparison website and Tabelog restaurant review platform.
Both sites are free to consumers; the company is paid by merchants and advertisers. Shops pay when shoppers click through or buy, and restaurants pay Tabelog a monthly fee for upgraded listings and for the reservations it routes to them. Its value rests on user reviews and price data that rivals cannot copy.
In one line: A Japanese mashup of PriceGrabber and Yelp.
Moat: narrow (network effects, brand, data). Large base of user reviews and price data creates a two-sided network effect hard for new entrants to match.
Headquarters: Tokyo, Japan · Founded: 1997 · Employees: 1,421
Size Kakaku.com (2371.T) is a Japan Consumer Discretionary company (Other Consumer Services) with a market value of $4.63B, the 257th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,720 on 6 Nov 2026.
Performance Over six months the shares gained 41.9%, against +0.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 17.1% over the last twelve months (peer median +11.2%); the operating margin is 26.7% (peer median 13.3%).
Valuation It trades at 31.3× forward earnings against a peer median of 17.3× (2nd most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 73.5 points above its cost of capital (5.3% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥102B | ¥94.1B | ¥78.4B | ¥66.9B | ¥60.8B |
| Revenue growth | — | +20% | +17% | +10% | — |
| Gross profit | ¥27.1B | ¥49.3B | ¥49.2B | ¥44.0B | ¥41.0B |
| EBITDA | ¥32.1B | ¥31.5B | ¥33.7B | ¥29.5B | ¥27.6B |
| Net income | ¥18.7B | ¥18.8B | ¥20.0B | ¥18.1B | ¥16.2B |
| Free cash flow | ¥25.5B | ¥24.6B | ¥26.8B | ¥19.2B | ¥22.0B |
| Capital expenditure | ¥3.74B | ¥2.69B | ¥2.89B | ¥2.10B | ¥2.00B |
| Total debt | ¥4.72B | ¥3.19B | ¥4.25B | ¥5.18B | ¥5.96B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Kakaku.com 2371.T | $4.63B | +42% | +17% | 27% | 31.3× | 4.6% |
| Yelp YELP | $1.06B | -28% | +2% | 13% | 8.1× | -18.4% |
| Rakuten 4755.T | $8.59B | -18% | +11% | 6% | n/a | -2.0% |
| Recruit 6098.T | $149B | +133% | +9% | 20% | 30.3× | 22.0% |
| Ly Corporation 4689.T | $23.2B | +31% | +8% | 15% | 18.5× | 0.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2371.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.9% | +9.8% | 6th lowest of 21 |
| 6-month return | +41.9% | +0.2% | 5th highest of 21 |
| Distance from 52-week high | -4.0% | -18.4% | 3rd highest of 21 |
| Revenue growth (TTM) | +17.1% | +11.2% | 5th highest of 21 |
| Operating margin | 26.7% | 13.3% | 3rd highest of 21 |
| Forward P/E | 31.3× | 17.3× | 2nd most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 4.6% | 6.5% | 8th least demanding of 18 |
| Growth delivered (Del g) | +13.0% | +16.0% | 9th lowest of 18 |
| Hurdle (Req g minus delivered) | -8.4 pp | -18.4 pp | 8th most demanding of 18 |
| ROIC minus cost of capital | +73.5 pp | +4.3 pp | 2nd highest of 20 |
| EV / EBITDA | 21.3× | 11.1× | 4th most expensive of 19 |
| Net debt / EBITDA | -1.4× | 1.5× | 4th least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kakaku.com 2371.T | Japan | $4.63B | +42% | +17% | 27% | 31.3× | 4.6% | +13.0% |
| Planet Fitness PLNT | United States | $4.56B | +31% | +13% | 31% | 17.3× | 4.8% | +26.6% |
| Valvoline VVV | United States | $4.44B | -2% | +16% | 18% | 19.4× | 10.3% | -6.2% |
| Tui TUI1.DE | Germany | $4.31B | +17% | -2% | 4% | 7.4× | -2.0% | +24.9% |
| Graham GHC | United States | $5.05B | +7% | +4% | 6% | 16.4× | 8.6% | +11.2% |
| Indian Railway Catering & Tourism IRCTC.NS | India | $3.87B | -20% | +15% | 30% | 24.2× | 28.7% | +46.4% |
| Marriott Vacations Worldwide VAC | United States | $3.80B | +43% | +5% | 11% | 11.4× | 7.7% | +11.8% |
| Covista CVSA | United States | $3.67B | -18% | +9% | 20% | 12.0× | -3.7% | +16.6% |
| Jet2 JET2.L | United Kingdom | $3.61B | +34% | +4% | 6% | 11.1× | n/a | n/a |
| Tongcheng Travel 0780.HK | Hong Kong | $3.38B | -37% | +15% | 17% | 6.1× | -15.0% | +25.8% |
| H&R Block HRB | United States | $6.45B | +43% | +5% | 24% | 8.4× | -15.4% | +2.9% |
| Ferrotec (An Hui) Technology Development 301297.SZ | China | $3.21B | -30% | +37% | 10% | n/a | n/a | n/a |
| Stride LRN | United States | $3.15B | -15% | +2% | 19% | 9.5× | -19.1% | +10.4% |
| OneSpaWorld OSW | United States | $3.12B | +25% | +10% | 10% | 24.5× | 19.5% | +51.4% |
| Andersen ANDG | United States | $7.34B | +78% | +18% | 14% | 32.4× | 29.0% | +18.0% |
| New Oriental Education & Technology 9901.HK | Hong Kong | $7.58B | -3% | +21% | 12% | 12.8× | -16.4% | +5.9% |
| Peloton Interactive PTON | United States | $2.50B | -1% | -2% | 9% | 18.7× | 7.2% | -9.5% |
| Boyd Group Services BYD.TO | Canada | $2.48B | -24% | +16% | 5% | 22.1× | 9.4% | +16.0% |
| Basic-Fit BFIT.AS | Netherlands | $2.23B | +2% | +18% | 12% | 22.0× | 6.5% | +30.4% |
| Service Corporation International SCI | United States | $10.0B | -5% | +3% | 22% | 17.5× | 3.4% | +4.2% |
| Life Time LTH | United States | $10.6B | +48% | +13% | 17% | 26.7× | n/a | n/a |