Added to YB: 2026-07-31
Pitch date: 2026-07-28
456A.T [neutral]
HUMAN MADE Inc.
-5.58%
current return
Author Info
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Company Info
HUMAN MADE Inc. sells apparel and lifestyle products in Japan. The company offers mugs, caps, bags, containers, rugs, shoes, t-shirts, hoodies, sweatshirts, sweaters, denim jackets, down jackets, oxford shirts, work shirts, denim, chinos, and cargo pants; and interior goods and towels.
Market Cap
N/A
Pitch Price
JPY 1.4K
Price Target
6.3K (+383%)
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Specialty Retail
Category
growth
Human Made (456A.JP)
456A.T (watchlist): Japanese streetwear brand (Nigo/BAPE founder, Pharrell owns 18%) via scarcity marketing: weekly drops, 100% sell-through, ~30% EBIT margin, 1% ad spend. FY1/26 rev $90mn, targets ~30% growth to $500mn+. At Y1,400 (~$800mn cap) fairly-to-richly valued as single brand; Supreme cautionary tale ($500mn scarcity ceiling, VF failure). Optionality in multi-brand platform (UNDERCOVER LOI). Base case Y1,100-3,000; bull Y4,500-6,300. Wait for Y1,100 entry.
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