October 2026
Largest B2B E-commerce Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
MonotaRO, ASKUL, Daiichi Co, Boutiques and Raccoon Holdings.
 | MonotaRO Co is a Japanese e-commerce company selling industrial supply products. | $15 | +8% | $7.4B | $7.3B | 3.5x | 21.9x | ||
| ASKUL Corp is a Japanese company mainly offering office products and accessories. The business has two main segments: the office-related products and other delivery. The office-related product segment consists of personal computer and accessories, office supplies, and furniture. The other delivery segment provides cargo transportation services for corporations. | $8 | -16% | $688M | $844M | 0.3x | (8.6x) | ||
| Daiichi Co Ltd is engaged in the business of food supermarket, real estate and rental business. | $10 | 0% | $117M | $61M | 0.2x | 4.0x | ||
| Boutiques Inc is engaged in the internet sales of nursing care products and others, organizing exhibitions related to nursing care, and M&A intermediary services to nursing care facilities, and web matching business which include matching opportunities for sellers and buyers in the nursing care and elderly market. | $10 | +11% | $95M | $74M | 2.2x | 11.1x | ||
| Raccoon Holdings Inc operates as an online discount wholesaler. It primarily offers apparel goods. | $4 | +2% | $86M | $71M | 1.7x | 8.0x | ||
| Median | $10 | +2% | $117M | $74M | 1.7x | 8.0x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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