July 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. | $12 | -30% | $5.9B | $5.8B | 2.7x | 17.3x | ||
| 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 | -19% | $691M | $835M | 0.3x | 5.4x | ||
| Daiichi Co Ltd is engaged in the business of food supermarket, real estate and rental business. | $10 | -9% | $118M | $65M | 0.2x | 4.4x | ||
| 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. | $9 | +7% | $90M | $66M | 1.9x | 6.2x | ||
| Raccoon Holdings Inc operates as an online discount wholesaler. It primarily offers apparel goods. | $4 | -10% | $78M | $63M | 1.7x | 7.3x | ||
| Median | $9 | -10% | $118M | $66M | 1.7x | 6.2x |
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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