KURADASHI. CO.,Ltd.
5884・Growth Market・Retail Trade
Business
Kuradashi Co., Ltd. upholds the mission of "continuing to be a social good company," with its core business being the Social Good Market "Kuradashi," which delivers surplus food destined for disposal to consumers at low prices. The company purchases food that has lost its sales channels due to business customs such as the "one-third rule" from partner companies, creating a "1.5th-order distribution" channel by selling it to members at discounted prices. Since the service launched in 2015, it has grown to a cumulative membership of 598,251 and a cumulative partner company count of 2,132 (as of the end of FY2025 (ending June 2025)). In August 2024, the company made frozen delivery meal service "Dr.Tsurukame Kitchen" a subsidiary, and in June 2025 made online cooking class "L'atelier de SHIORI" a subsidiary, advancing its business expansion into food loss reduction infrastructure. In 2022, the company obtained the international "B Corp" certification, embodying a tri-win model of social, environmental, and economic value.
Business Model
The company purchases food nearing disposal from partner companies at low cost (inventory model), or procures items after receiving orders and ships them directly (marketplace model), selling them to members at discounted prices under these two formats. The EC platform "Kuradashi" accounts for the majority of net sales of ¥3,076 million (FY2025, ended June 2025). The business has a mechanism to donate a portion of sales proceeds to social contribution organizations such as those focused on environmental protection, with cumulative donations reaching ¥168,849 thousand. The company also provides partner companies with branding support (Kuradashi Stores), offline touchpoints (Kuradashi Hub), and logistics services (Kuradashi Base), aiming to diversify its revenue streams.
Company Strengths
As of the end of FY June 2025, the company had 598,251 cumulative members and 2,132 cumulative partner companies. ARPPU rose notably year-on-year to ¥10,109–11,173, up from ¥8,378–9,989 in the prior period, confirming an increase in purchase value per existing member. The company has formed the largest domestic platform among food-loss-reduction e-commerce services.
The company has received numerous commendations from government bodies, including the Minister of the Environment Award (2018, 2022), the Minister of Agriculture, Forestry and Fisheries Award (2020, 2021), and the Consumer Affairs Agency Commissioner's Award (2021). In 2022, it obtained "B Corp" certification, an international certification for companies contributing to society and the environment. These achievements underpin brand credibility with both partner companies and consumers.
In August 2025, the company entered into a capital and business alliance with Japan Post, implementing a third-party allotment of new shares (¥513 million). The alliance is expected to generate multifaceted synergies, including expanding sales channels to non-digital customer segments by leveraging Japan Post's extensive sales channels (e-commerce, catalogs, physical stores, etc.), optimizing logistics costs by shifting to Japan Post's logistics network (Yu-Pack, etc.), and developing a co-branded frozen bento business.
ENVALITH's Perspective
Performance Trend
For the cumulative nine months of FY2026 (ending March 2026) (July 2025–March 2026), net sales were ¥2,605 million (up 11.8% year on year), operating profit was ¥99 million (versus an operating loss of ¥79 million in the same period of the prior year), and EBITDA was ¥200 million (versus ¥-12 million in the same period of the prior year), representing significant improvement. Gross profit margin rose to 48.7% (from 44.3% in the same period of the prior year), and SG&A expenses were contained to ¥1,167 million, up 5.1% year on year, which produced positive operating leverage. On the other hand, interest expense associated with borrowings for the Grid-Connected Battery Storage Business (Tochigi Oyama Storage Station) increased to ¥16 million (from ¥4 million in the same period of the prior year), limiting ordinary profit to ¥66 million. In terms of financial position, total assets were ¥4,018 million, net assets were ¥1,595 million, and the equity ratio was 39.6%, improving from 33.1% at the end of the previous fiscal year. Over the past five fiscal years, net sales have trended upward: ¥2,910 million (FY2023) → ¥2,862 million (FY2024) → ¥3,076 million (FY2025) → a full-year forecast of ¥3,607 million (FY2026).
Growth Strategy
Pursuing discontinuous growth along four axes: EC expansion, supply chain function expansion, M&A, and renewable energy
Continued solid growth even under a challenging market environment through expanded product lineup and efficient marketing activities. Cumulative net sales for the first three quarters of FY2026 (ending June 2026) reached ¥2,605 million (up 11.8% year on year), with progress proceeding smoothly.
Completed a third-party allotment of new shares to Japan Post in August 2025. This achieves expanded reach to new non-digital customer segments by leveraging the nationwide post office network, and strengthens the financial base with an improved equity ratio of 39.6%.
Began trading in the supply-demand adjustment market for the Tochigi Oyama Storage Station from December 2025. Machinery and equipment of ¥702 million and land of ¥80 million have already been recorded as fixed assets. Aims to establish a new revenue pillar utilizing long-term borrowings of ¥1,158 million.
Expanding functions such as logistics, private brand development, and consulting as adjacent areas to the EC business, aiming to deepen relationships with partner companies and diversify revenue. Positioned as a pillar of deepening existing businesses under the ambidextrous management approach in the medium-term management plan.
Promoting expansion into new areas through M&A based on the medium-term management plan. Investment securities have increased significantly from ¥301 thousand at the end of the previous fiscal year to ¥600,301 thousand, indicating active investment activity. Positioned as a key driver for achieving the medium-term target of ¥10,000 million in net sales.
Last updated: July 17, 2026