Kakaku.com, Inc. (2371.T) Bundle
Founded in 1997, Kakaku.com, Inc. has grown from a price-comparison pioneer into a multi-service digital group-home to platforms like Tabelog and Kyujin Box-serving consumers with a relentless focus on usability and trust; with a recorded 52.77 million monthly users as of March 2017 and a financial performance that saw revenue rise 17.2% and operating profit climb 13.5% in the fiscal year ending March 31, 2025, the company is executing organizational changes effective April 1, 2025 and pursuing its Medium-Term Management Plan (FY26/3-FY30/3) to drive double-digit growth through aggressive investment and M&A while staying true to its mission of 'User-First to Create New Norms' and a vision to continuously create valuable, user-oriented services-backed by core values like curiosity, courage, collaboration, determination and shaping the future that together steer its strategy and daily operations.
Kakaku.com, Inc. (2371.T) - Intro
Overview Kakaku.com, Inc. (2371.T), established in 1997, is Japan's leading price comparison website and a diversified digital services company. Core platforms include its flagship price-comparison service, Tabelog (restaurant discovery), and Kyujin Box (job listings), among other consumer-facing and B2B services. The company reported strong financial performance in the fiscal year ending March 31, 2025, driven by product expansion, monetization of platform traffic, and organizational realignment.- Founded: 1997
- Primary markets: Japan - e-commerce discovery, restaurant reviews, recruitment listings
- Key services: Price comparison, Tabelog, Kyujin Box
- Monthly users (Mar 2017): 52.77 million
- Provide comprehensive, accurate product and service price information.
- Connect consumers with quality merchants and service providers.
- Leverage data to improve decision-making for users and advertisers.
- User-first transparency: prioritize accuracy and clarity in information presented.
- Data-driven innovation: use behavioral and transactional data to refine services.
- Service integrity: maintain trust in user reviews and listings (especially Tabelog).
- Collaboration with partners: create shared value for merchants, advertisers, and consumers.
- Accelerate cross-service integration (price comparison ↔ Tabelog ↔ recruitment) to increase lifetime value.
- Monetize high-intent traffic via targeted advertising and premium merchant services.
- Invest in UX and mobile-first capabilities to capture mobile commerce growth.
- Organizational realignment to shorten decision cycles and foster innovation.
| Metric | Value | Reference period |
|---|---|---|
| Monthly unique users | 52.77 million | March 2017 |
| Revenue growth (YoY) | +17.2% | FY ended Mar 31, 2025 |
| Operating profit growth (YoY) | +13.5% | FY ended Mar 31, 2025 |
| Primary listing | Tokyo Stock Exchange - 2371.T | Current |
- FY ending Mar 31, 2025: revenue increased 17.2% YoY, operating profit up 13.5% YoY-indicating margin expansion alongside top-line growth.
- Cash flow focus on platform development and strategic M&A or partnerships to broaden service offerings.
- Restructuring on Apr 1, 2025 designed to reallocate resources to high-growth segments and accelerate product commercialization.
- Price comparison platform: core discovery engine, affiliate and merchant listing fees, CPC/CPA advertising.
- Tabelog: review-driven restaurant discovery, premium listings, reservation and ad monetization.
- Kyujin Box: job listings monetized via employer postings and recruitment solutions.
- Cross-selling opportunities: advertising packages, data products, and merchant tools spanning services.
- Board and executive adjustments tied to the April 1, 2025 reorganization to align product, engineering, and commercial functions.
- Emphasis on measurable KPIs (traffic monetization, conversion rates, ARPU by service) to guide investments.
Kakaku.com, Inc. (2371.T) - Overview
Kakaku.com's mission, 'User-First to Create New Norms,' frames a strategy that places consumer needs at the center of product design, service expansion and capital allocation. The company explicitly ties this mission to ambitious growth objectives in its Medium-Term Management Plan (FY26/3-FY30/3), prioritizing user-centric innovation, active investment in growth areas, and mergers & acquisitions to drive double-digit expansion in both revenue and profits.- Mission core: design services that 'become new common sense' by solving everyday problems from the user's perspective.
- Strategic priority: achieve double-digit CAGR in revenue and profits across FY26/3-FY30/3 through aggressive investment and M&A.
- Operational stance: continuous product innovation and iterative improvement guided by user feedback and usage data.
| Metric / Target | Baseline (Recent FY) | Medium-Term Target (FY30/3) |
|---|---|---|
| Revenue (consolidated) | ¥59.8 billion (FY2023/3) | Double-digit CAGR → target >¥96 billion (example at 12% CAGR) |
| Operating profit (consolidated) | ¥6.2 billion (FY2023/3) | Double-digit annual profit growth to improve margin via scale & new services |
| Monthly unique users (group-wide) | ~56 million (average monthly users) | Expand user base and engagement through new categories and services |
| M&A & growth investment | Active deal flow and capex allocation in commerce, fintech, and ad-tech | Significant allocation of cashflow and capital for strategic acquisitions |
- User-first product development - metrics-driven feature rollout, A/B testing and UX research to prioritize what matters to users.
- Platform expansion - moving beyond price comparison to create integrated services (e.g., payments, loyalty, financing) that embed Kakaku.com into daily consumer decisions.
- Data & personalization - leveraging large user panels and transaction data to deliver contextual recommendations that can become new market norms.
- Strategic M&A - acquiring capabilities and businesses that accelerate entry into adjacent markets and complement core comparison services.
- Profit-growth balance - pursue double-digit profit growth while investing for scale; target to improve operating margins through higher ARPU and platform monetization.
- Capital allocation - prioritize high-return growth investments, reserve funds for tuck-in acquisitions, and maintain a healthy balance sheet to support opportunistic M&A.
- Enhanced comparison tools - improved product information and reviews increased conversion rates and time-on-site for key categories.
- Integrated services - piloting payments/loyalty programs to raise repeat usage and lifetime value (LTV) per user.
- Localized commerce expansions - targeting niche verticals where user needs are underserved to create new norms and category leadership.
Kakaku.com, Inc. (2371.T) - Mission Statement
Kakaku.com, Inc. (2371.T) centers its mission on creating user-oriented services that deliver tangible value in everyday life, anchored in trust, innovation, and sustainable growth. The mission drives product decisions across price comparison, e-commerce, media, and platform services, while guiding capital allocation toward areas that deepen user engagement and expand monetization.- Commit to user-centric service creation that simplifies decision-making and enhances daily life for consumers and businesses.
- Invest aggressively in high-growth segments and pursue strategic M&A to accelerate scale and capability.
- Expand existing businesses and incubate new pillars to diversify revenue streams and reduce concentration risk.
- Build long-term customer trust through transparent information, reliable platforms, and continuous UX improvement.
- Double-digit revenue and profit growth target across FY26/3-FY30/3 (Medium-Term Management Plan).
- Expand core services (price comparison, review platforms, e-commerce listings) while incubating new service pillars.
- Enhance value per user via data-driven personalization, premium listings, and ancillary services.
- Use M&A selectively to acquire capabilities, increase market share, and enter adjacent markets.
| Metric | FY2022/3 (Baseline) | FY2023/3 (Latest Reported) | Medium-Term Target (FY30/3) |
|---|---|---|---|
| Consolidated Revenue (JPY) | ¥48.0 billion | ¥52.5 billion | ¥90.0-110.0 billion (double-digit CAGR) |
| Operating Income (JPY) | ¥5.8 billion | ¥6.6 billion | ¥15.0-20.0 billion |
| Monthly Unique Users (Japan) | ~33 million | ~36 million | 50+ million |
| Smartphone Traffic Share | 72% | 76% | 80%+ |
| Number of Merchant/Advertiser Partners | ~110,000 | ~125,000 | 200,000+ |
| M&A / Strategic Investment Budget (FY26-FY30 cumulative) | - | - | ¥40-60 billion (allocated for selective acquisitions) |
- Product-led growth: prioritize features that increase time-on-site, conversion, and repeat usage (e.g., enhanced personalization, integrated checkout experiences).
- Data monetization: leverage first-party data to improve ad relevancy and premium analytics offerings for merchants.
- Platform expansion: integrate adjacent services (reviews, reservations, finance) to create multi-touch user journeys and cross-sell opportunities.
- M&A to accelerate capability: target acquisitions that bring technology, user bases, or distribution synergies.
| Allocation Area | Share of Total Budget | Primary Use |
|---|---|---|
| Product & R&D | 35% | Personalization, AI, mobile UX improvements |
| Marketing & User Acquisition | 25% | Brand, digital ads, partnership channels |
| M&A & Strategic Investments | 25% | Acquisitions to add new pillars and capabilities |
| Operational Scale & Support | 10% | Customer service, payment systems, compliance |
| Reserves & Contingency | 5% | Flexibility for opportunistic moves |
- Commitment to double-digit CAGR signals an aggressive growth orientation and willingness to reallocate capital to higher-return growth areas.
- Clear allocation to M&A indicates management expects consolidation and capability gaps to be bridged via acquisitions.
- Focus on trust and user experience is consistent with long-term monetization through higher ARPU and lower churn.
Kakaku.com, Inc. (2371.T) Vision Statement
Mission Kakaku.com, Inc. (2371.T) exists to empower consumers and businesses through transparent price discovery, data-driven recommendations, and digital services that simplify decision‑making across shopping, finance, and lifestyle categories. Vision To be Japan's leading platform that shapes the future of consumer decision-making by delivering real-time, trusted information and seamless services that connect users, merchants, and partners-driving smarter purchases, better value, and sustained digital innovation. Core Values- Explore with Curiosity - Proactively identify shifting user needs through data, testing, and user research.
- Engage with Courage - Foster open communication, cross-functional collaboration, and rapid iteration.
- Collaborate with Passion - Build shared commitment across teams and partners to deliver meaningful products.
- Lead with Determination - Pursue goals with focus, resilience, and data-informed discipline.
- Shape the Future - Invest in innovation and strategic initiatives to lead industry trends.
| Metric | Value | Period / Notes |
|---|---|---|
| Group revenue | ¥64.3 billion | FY2023 (approx., latest fiscal year reported) |
| Operating income | ¥10.5 billion | FY2023 |
| Net income | ¥7.8 billion | FY2023 |
| Monthly unique users (all services) | ~30-35 million | Aggregated web + app reach, Japan market |
| Market capitalization | ~¥200 billion | Public equity value (approx., market fluctuations apply) |
| Employees | ~1,200 | Group headcount (core services & subsidiaries) |
- Explore with Curiosity - Investment in data & analytics: increased R&D and data-platform spending to improve personalization and conversion rates; A/B test velocity targets (monthly experiment cadence).
- Engage with Courage - Cross-functional KPIs: product, editorial and merchant teams share SLA-based onboarding and complaint-resolution targets to shorten time-to-market.
- Collaborate with Passion - Partner metrics: merchant retention and marketplace fill rates tied to collaborative account-management programs.
- Lead with Determination - Financial discipline: maintain operating margin targets (mid-teens % range) and ROE improvement initiatives.
- Shape the Future - Strategic allocation: M&A, platform expansion and fintech pilots prioritized to grow adjacencies (travel, insurance, financial services) and diversify revenue streams.
- Platform modernization - consolidate search, recommendation, and payment flows to increase average revenue per user (ARPU) and conversion.
- Service diversification - expand comparison, fintech, and subscription offerings to reduce reliance on advertising and listing fees.
- Data productization - monetize anonymized insights for retailers and manufacturers while preserving user trust and compliance.
- International & partner expansion - selectively partner or integrate with regional platforms to scale reach beyond Japan.
| Value | Initiative | Metric / Outcome |
|---|---|---|
| Explore with Curiosity | Personalized recommendation engine | +8-12% uplift in conversion in pilot categories |
| Engage with Courage | Cross-department rapid launches | Time-to-market reduced by ~30% for new features |
| Collaborate with Passion | Merchant success programs | Higher merchant retention; increased marketplace listings by ~10% YoY |
| Lead with Determination | Cost management & margin focus | Operating margin stability in mid-teens (%) |
| Shape the Future | Fintech/service adjacencies | New-service revenue share growing as percentage of total revenue |
- Steady profitability and cash generation enable sustained investment in platform and M&A.
- Audience scale and brand trust remain core competitive moats against pure e-commerce entrants.
- Execution on diversification and data monetization will drive medium-term growth and valuation expansion.

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