2484 Demaecan
- Japan Guru
- Jun 1, 2025
- 1 min read
Demaecan operates the food delivery platform "Demaecan," a top-tier player in the industry. Emphasizes in-site advertising. Under the LINE Yahoo umbrella.
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it turns out widespread Japanese poverty hurts Demaecan’s topline more than it benefits from the expanded delivery gig worker base
excerpt from Nikkei today👇️
On the 15th, Demae-can announced that its consolidated net loss for the fiscal year ending August 2025 is expected to be 4.9 billion yen (compared to a 3.7 billion yen loss in the previous year). This revises downward the previous forecast of a 1 million yen profit, now expecting a loss. This marks seven consecutive years of net losses. Amid rising prices and growing frugality, consumers are shying away from delivery services perceived as expensive, leading to lower-than-expected order numbers and total transaction value.
Sales are projected to fall 22% from the previous year to 39.5…
Demaecan has been trading below 1x PBR since May last year, and on May 8th Baillie Gifford reported 5%+ holding
Parent co "Line Yahoo" has been consistently hitting the market little by little, and its stake has fallen 38% → 31% since July last year
April 30 2025, Baillie Gifford's ownership crossed 5%, owning appx 5.7 mil shares
Is 2484 Demaecan the ultimate beneficiary of the Japanese poverty?
PBR 0.7, Mkt cap 24 bil, Net cash.....34 bil
https://substack.com/home/post/p-158409700