JTC

Name

JTC

Legal name

株式会社JTC (JTC Inc.)

Website

https://groupjtc.com

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Tax-Free Retail

NAICS

Convenience Retailers and Vending Machine Operators (44513), Pharmacies and Drug Retailers (45611)

SIC

Retail-Convenience Stores (5412), Retail-Drug Stores And Proprietary Stores (5912)

akta.pro primary industry

Bulk Frozen & Refrigerated Wholesale-to-Consumer (CRAHAMAL)

akta.pro secondary industries

Mass Beauty & Drugstore Beauty Distribution (CRAOAEAA), Mobile Carrier Devices & Bundling (Operator-branded devices, subsidy/bundle programs) (CRACALAF)

Keywords

• Tax-free retail stores
• Inbound tourism retail
• Duty-free shopping Japan
• Japanese consumer goods
• Cruise tourism services

Headquarters

HQ city

Hakata

HQ country

Japan

HQ region

Asia

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure, Others

Revenue model

1. Tax-free retail sales to non-resident foreign tourists: Core revenue stream from selling general merchandise and consumables to non-resident foreign visitors under Japan's consumption-tax exemption regime. Sales are point-of-sale one-time transactions (no subscription), with the 10% Japanese consumption tax exempted at the till upon presentation of passport and satisfaction of the ¥5,000 minimum per-store daily threshold. Consolidated group revenue reached ¥31.8 billion (IFRS) in FY2025 and approximately ¥16.3 billion in FY2024 (with operating profit of ¥2.37 billion and recurring profit of ¥2.22 billion), reflecting the post-COVID inbound tourism recovery.
2. Own-brand e-commerce retail (EVERYSHOP): Online retail of tax-free and duty-free merchandise via the EVERYSHOP storefront distributed across Rakuten, Amazon Japan, Yahoo Shopping, DOKODEMO, Qoo10 Japan and Gift Mall. Operates as a complementary channel to physical stores.
3. Cruise-tour charter bus transportation (subsidiary): Bus transportation services for foreign tour groups via subsidiary Ieyasu Corporation (formerly Ieyasu Kanko), operated with a fleet of 107 owned large buses to move tourists between cruise ports, hotels and JTC stores. Provides ancillary revenue and a captive customer-acquisition channel for the retail business.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

JTC operates a multi-brand chain of 23 tax-free retail stores across 14 Japanese prefectures selling general merchandise and consumables (cosmetics, electronics, food, jewelry, OTC pharmacy) to non-resident foreign visitors under Japan's consumption-tax exemption regime. The company serves inbound tourists through captive demand channels including a fleet of 107 buses and a network of 1,400+ land-operator partners, complemented by the EVERYSHOP online storefront distributed across six Japanese marketplaces.

Product overview

JTC (株式会社JTC) operates a multi-brand tax-free retail platform primarily serving inbound foreign tourists in Japan. Its core offering is the JTC brand tax-free shop, complemented by eight additional sub-brands that target specific customer segments and product categories — 楽一 (Rakuichi, lifestyle/general tax-free), KOO SKIN (cosmetics), AKA JEWELRY (jewelry), DOTON PLAZA (multi-tenant FIT-focused facility in Osaka), 生活広場 (Seikatsu Hiroba, daily-goods mass-market), ドラッグ ヨシヨシ (Drug Yoshiyoshi, drugstore), 京茶庵 (Kyōchaan, Japanese tea), and the newer WASABI NAGOYA MUSEUM (experience-based tax-free concept). The company also operates the EVERYSHOP e-commerce storefront across six third-party marketplaces (Rakuten, Amazon Japan, Yahoo Shopping, DOKODEMO, Qoo10, Giftmall), runs a premium health-food product line, and supports cruise-ship tourist flows through dedicated bus logistics. As of February 2026, the platform comprises 23 stores across Japan, 9 store brands, 107 large buses, 22,616 SKUs, and ¥31.8 billion in consolidated FY2025 IFRS revenue.

Differentiator

Problem solved

Functional benefit

Brands

• JTC: Core tax-free retail store brand with 8 stores in Japan (Hokkaido, Tokyo, Osaka, Toyama, Miyagi, Fukuoka, Nagasaki, etc.)
• 楽一 (Rakuichi)
• KOO SKIN
• AKA JEWELRY
• DOTON PLAZA
• 生活広場 (Seikatsu Hiroba)
• ドラッグ ヨシヨシ (Drug Yoshiyoshi)
• 京茶庵 (Kyōchaan)
• WASABI NAGOYA MUSEUM
• Dr.+BK
• EVERYSHOP (formerly DUTY FREE 365)

Products and services

• JTC (flagship store brand) Flagship tax-free retail store brand with 8 locations across Japan (Hokkaido, Tokyo, Osaka, Toyama, Miyagi, Fukuoka, Nagasaki, etc.), serving general inbound tourist demand with electronics, lifestyle goods, and general merchandise under Japan's consumption-tax exemption.
• 楽一 (Rakuichi) Cruise-ship-oriented tax-free store format with 2 locations (Fukuoka and Takamatsu), targeting cruise-ship tourist volumes within short shore-excursion windows.
• KOO SKIN Cosmetics-focused tax-free store format with 2 stores (Beppu, Shinbashi) targeting beauty-product demand from inbound tourists.
• AKA JEWELRY Jewelry-focused tax-free store brand with 1 store in Shinjuku (Tokyo); re-opened in June 2024 after pandemic-era closure; one of the first three JTC stores to accept UnionPay QR-code payment.
• DOTON PLAZA 3-story multi-tenant retail facility in Osaka (Dotonbori area) targeting Free Independent Traveler (FIT) demand with multiple tenants and Japanese cultural experience spaces.
• 生活広場 (Seikatsu Hiroba) Daily-goods mass-market tax-free store brand with 3 stores (Tsushima, Ishigaki, Kyushu region) targeting broader consumer-goods demand beyond the typical tourist souvenir basket.
• ドラッグ ヨシヨシ (Drug Yoshiyoshi) Drugstore-format tax-free store brand with 2 stores (including Nagasaki), targeting pharmaceutical, health, and personal-care demand from inbound tourists.
• 京茶庵 (Kyōchaan) Japanese tea/matcha-themed experiential tax-free store concept with 1 location in Kyoto, designed as a Japanese-culture-focused retail experience.
• WASABI NAGOYA MUSEUM Experience-and-learning tax-free concept store in Nagoya, described by JTC as a new-sensation tax-free shop combining experience and learning.
• EVERYSHOP (formerly DUTY FREE 365) JTC-operated online tax-free and duty-free retail storefront distributed across six Japanese marketplaces: Rakuten, Amazon Japan, Yahoo Shopping, DOKODEMO, Qoo10 Japan, and Gift Mall. Originated as DUTY FREE 365 internet shop launched in 2005.
• Premium Health Food Product Series (プレミアム商品シリーズ) JTC's premium private-label health-food product line, sold exclusively through designated Japanese tax-free stores and the EVERYSHOP e-commerce channel; not distributed in mainland China; tagged with serial numbers and verification QR codes to combat counterfeiting.
• Dr.+BK (Doctor + BK) JTC-registered trademark (Japanese Trademark Registration No. 5069804) used on JTC products; subject of a successful 2019 Japan Patent Office invalidation ruling voiding a near-identical competing trademark (Registration No. 5933440) held by Nagayama Corporation.
• Cruise-tourist bus transportation (Ieyasu Corporation) Bus-transportation service for cruise-ship tourist groups, operated via subsidiary Ieyasu Corporation (株式会社家康コーポレーション) with a fleet of 107 owned large buses, providing a captive transport channel feeding cruise passengers to JTC retail stores.

Quantifiable outcome

• FY2025 consolidated revenue (IFRS) of ¥31.8 billion
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature4 records

Partnerships

Six partnerships are on record, tiered flagship / first-mover, standard / distribution-enabler, standard / governance partner, core / flagship demand channel, core / captive subsidiary and standard / store-format tenants.

• UnionPay International & Sumitomo Mitsui Card Co., Ltd.flagship / first-moverTechnology or IntegrationIn July 2018, JTC became the first merchant in Japan to introduce UnionPay QR-code payment, working with UnionPay International and Sumitomo Mitsui Card (三井住友カード). Initial rollout was on 17 July 2018 across JTC Shinjuku, AKA JEWELRY Shinjuku and DOTON PLAZA Osaka using a "merchant-presented" QR-code model on tablet terminals. The integration gave JTC first-mover differentiation in serving Chinese-tourist customers who could pay via UnionPay QR.
• SBI Securities (株式会社SBI証券) and Aizawa Securities (藍澤証券株式会社)standard / distribution-enablerChannel Partner/ Reseller/ DistributorTwo Japanese brokerages — SBI Securities and Aizawa Securities — handle trading of JTC shares on behalf of Japanese retail investors, since JTC's stock is listed on Korea's KOSDAQ market (not on a Japanese exchange). This enables Japanese investors to invest in JTC equity.
• Samcheong Accounting Corporation (三晸会計法人) & Chidorigafuchi Audit Corporation (千鳥ヶ淵監査法人)standard / governance partnerImplementation/ SI/ Consulting PartnerJTC's statutory auditors (会計監査人). Required audit-firm relationship for JTC's KOSDAQ-listed consolidated financial statements under IFRS.
• 1,400+ Japanese land operators (travel agencies / tour operators)core / flagship demand channelGTM or Marketing PartnerJTC works with 1,400+ land-operator (travel-agency and tour-operator) companies in Japan who channel foreign tour groups — particularly Asian visitors from Korea, China, Thailand, Vietnam, Taiwan — into JTC's tax-free stores. JTC describes strengthening ties with this network as the principal reason for relocating its headquarters from Fukuoka to Tokyo in 2023.
• Ieyasu Corporation (株式会社家康コーポレーション, formerly Ieyasu Kanko Co., Ltd.)core / captive subsidiaryOEM/ Whitelabel/ Licensing PartnerIeyasu Corporation is JTC's 100%-owned subsidiary established in 2013 to operate bus-transportation services for foreign tour groups, with a fleet of 107 owned large buses serving as a captive transport channel for JTC's retail customers.
• Dot Plaza Osaka (DOTON PLAZA) tenant partnersstandard / store-format tenantsChannel Partner/ Reseller/ DistributorDOTON PLAZA is JTC's 3-story multi-tenant retail facility in Osaka opened in April 2017 to serve the growing FIT (free independent traveler) market. It houses multiple third-party tenant stores alongside JTC-operated brands, offering Japanese-culture experiences and a diverse tenant mix for non-group tourists.

Scale indicators12 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• Bic Camera: Bic Camera is a major Japanese electronics retailer with strong tax-free service infrastructure for tourists; competes with JTC on electronics and consumer-electronics SKUs but operates from a broader nationwide electronics-retail base rather than a tourist-destination specialty model.
• Yamada Holdings: Yamada Holdings operates a major electronics retail and home-services platform in Japan with tax-free offerings for inbound visitors; broader incumbent with overlapping tax-free service but in a far larger and more diversified group than JTC.
• Tsuruha Holdings: Tsuruha is one of Japan's leading drugstore chains offering tax-free service to inbound tourists; comparable to JTC's drugstore-format ambitions but as a broad incumbent with dominant domestic positioning.
• Pan Pacific International Holdings (Don Quijote): PPIH operates Don Quijote, Japan's largest discount retail chain with extensive tax-free services for inbound tourists; a broad incumbent that competes with JTC across product categories and tourist shopping missions but as part of a much larger diversified retail portfolio.
• Yodobashi Camera: Yodobashi Camera is one of Japan's largest electronics retailers with prominent tax-free counters serving foreign tourists in major cities and tourist destinations; comparable to JTC for inbound-electronics demand but with a substantially larger domestic and B2B retail footprint.
• Welcia Holdings: Welcia is one of Japan's top drugstore chains offering tax-free service to inbound visitors; comparable to JTC's drugstore-format and consumables positioning but as a broad incumbent focused on the domestic resident market.
• AEON: AEON is a major Japanese retail conglomerate operating supermarkets, drugstores, and mini-marts with tax-free services for inbound tourists; a broad incumbent with overlapping tourist-facing retail categories but operating a fundamentally different mass-market store model than JTC.
• Matsumoto Kiyoshi Holdings: Matsumoto Kiyoshi is Japan's largest drugstore chain with active tax-free service for inbound tourists; directly comparable to JTC's Drug Yoshiyoshi format but operating at much greater scale and with a primarily domestic (resident) revenue base.

Direct peers

• Wego: Wego operates tourist-focused retail stores (electronics, cosmetics, lifestyle) in major Japanese destinations and is closely comparable to JTC in target customer (foreign visitors), product mix, and dependence on tax-free spending.
• Laox: Laox is Japan's most direct tax-free retail peer — a multi-store chain focused on selling electronics, watches and lifestyle goods to inbound foreign tourists via the same consumption-tax exemption framework JTC uses, with similar cruise-port and tourist-destination real estate exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCAseGACp27qJmEIpvB-dmow
• LinkedInlinkedin.com/company/groupjtc

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JTC