LAPINE CO.,LTD (8143) Stock Price

Market cap
¥495.44M
P/E ratio
-1.5x
Lapine designs and manufactures women's apparel and accessories, selling through wholesale distribution and retail stores across Japan via its subsidiary Bellrapika.

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Business Overview

Lapine's primary business is the planning, manufacturing, and sales of women's apparel and fashion accessories. The company produces products through manufacturing at its in-house Fuji Clothing Research Institute and through outsourcing to domestic partner factories. Some products are also sourced from domestic and international suppliers. Sales are conducted mainly through business offices in Tokyo and Osaka, with wholesale distribution to specialty shops and department stores nationwide, as well as retail sales through company-owned stores and e-commerce sites.

Bellrapika, a consolidated subsidiary of Lapine, operates a retail business for women's apparel and fashion accessories. Bellrapika sources Lapine products and products from other companies, operating 28 stores as of the end of February 2025. Through this operation, the company provides products to a wide range of customers.

Another subsidiary, Lapine Dream Farm, operates a disability welfare services business through the cultivation and sales of vegetables using hydroponic farming. This initiative is part of the Lapine Group's contribution to social welfare and aims to provide people with disabilities stable employment opportunities.

Management Policy

Lapine is guided by the management philosophy of "Truth and Trust," prioritizing consumer interests and aiming to improve society's living culture through fashion. The company is working to enhance corporate value with the goals of increasing customer satisfaction and expanding its fan base. In particular, the company focuses on revenue, operating profit, and ordinary income while strengthening cash flow management.

Lapine has adopted the vision of "expanding customer touchpoints through fashion and digital," aiming to create garments chosen worldwide. Specifically, the company conducts business activities based on three core competencies: PRIDE, QUALITY, and MIND. For the period from 2025 to 2026, the company targets revenue of 2,150 million yen and an operating loss of 280 million yen.

As a medium to long-term management strategy, Lapine aims to overcome the decline in sales caused by the COVID-19 pandemic and establish a stable revenue structure. In its medium-term management vision, the company seeks to deepen customer relationships through physical stores and web channels while enhancing brand value.

Key initiatives include expanding new customer acquisition, reducing inventory risk, and achieving low-cost production in the wholesale and retail business of women's apparel and fashion accessories. In the welfare business, the company is focusing on improving vegetable production efficiency and providing education and training to facility users. Through these efforts, Lapine is pursuing sustainable growth.

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