(3093) Stock Price

Market cap
¥43B
P/E ratio
12.2x
Treasure Factory runs secondhand stores and online auctions for used clothing, electronics, furniture and other goods, plus moving and rental services.

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Business Overview

Treasure Factory operates a diverse range of businesses centered on the reuse sector. Its main business segments include reuse shops, auctions, moving services, rental, real estate, and systems operations. Through these businesses, the company provides a wide range of products and services.

In the reuse business, Treasure Factory handles used and unused items across multiple categories including clothing, electronics, furniture, household goods, branded items, sports equipment, musical instruments, and hobby products. The company operates six store formats, each specializing in specific product categories.

The specific store formats include "Treasure Factory" (general reuse shop), "Trefac Style" (clothing specialist), "Brand Collect" (branded vintage clothing), "Trefac Sports Outdoor" (sports equipment), "Uselet" (discount clothing), and "Trefac Market" (furniture specialist). The company also conducts sales through the internet.

Product procurement is conducted through purchases from individual customers and wholesale suppliers. Purchase methods include in-store buyback, home visit buyback, and mail-in buyback, establishing an efficient procurement system. The company utilizes distribution centers to ensure stable product supply.

Treasure Factory also provides online B2B auctions, "Trefac Moving" (an integrated reuse moving service), and "Regacy" (a household goods buyback service). These offerings address diverse customer needs.

Consolidated subsidiaries also operate reuse businesses: Kaind Oll specializes in branded vintage clothing, Pickup Japan operates general reuse shops, and GK Factory runs golf equipment-specialized stores. Internationally, Treasure Factory operates in Thailand and Taiwan.

Other business operations include "Cariru" (fashion rental service) and "Trefac Real Estate" (real estate business). In the systems division, Trefac Technologies develops applications and websites. These diverse operations enable the company to meet a wide range of customer needs.

Management Policy

Treasure Factory operates based on a reuse business model and is expanding into sectors closely aligned with consumer needs. The company aims to maximize employee capabilities and generate significant organizational results. Its management philosophy is to contribute to the realization of a circular economy.

The medium-term management plan outlines five growth strategies. First, the company is expanding its reuse business, opening 30-40 new stores annually, primarily in the Kanto, Kansai, Chubu, and Kyushu regions. This strengthens the reuse network and reinforces the business foundation.

The company is also actively investing in new businesses. It invests in adjacent businesses that create synergies with the reuse operation and new ventures aligned with its management philosophy, thereby expanding its growth base. This approach supports sustainable growth.

Growth in overseas markets is another key strategy. The company is establishing business operations in Thailand and Taiwan, improving profitability, and planning expansion into new regions. This strengthens international business development.

Growth through M&A is also under consideration. The company accelerates business expansion and growth through acquisitions of reuse companies and businesses that can generate synergies, thereby enhancing competitiveness.

Additionally, the company promotes operational efficiency and innovation through digital transformation investments. By leveraging IT and AI to create new business opportunities, it aims to increase group-wide revenue. This advances the company's digitalization efforts.

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