KKKUF - Kakaku.Com Inc.: Heavy Headwind On Tabelog Makes It Hard To Draw A Conclusion
Overview
Kakaku (KKKUF) [TYO: 2371] is a 23-year-old Japanese internet company that mainly operates Kakaku.com, a price-comparison site, as well as Tabelog, a restaurant review and reservation site. Kakaku.com and Tabelog both represent +80% of the business, while the other 20% of the business is made up of online insurance and a network of price comparison sites from various verticals. The company generated over ¥60 billion (~$558 million) of revenue at the end of its FY 2020 in March, which represents ~11% growth. While the growth is relatively modest, its niche market leadership in