What Lapine does

Lapine Co., Ltd. (株式会社ラピーヌ, TYO: 8143) is a Japanese women's apparel company founded in 1950 and headquartered in Tokyo (千代田区神田東松下町17番地, postal code 101-0042), with an Osaka sales office and directly operated store. The company develops and retails prestige ready-to-wear (プレタポルテ) women's fashion under a portfolio of distinct sub-brands including LAPINE BLANCHE, LAPINE ROUGE, JOCONDE ROYAL, MADAM JOCONDE, LA JOCONDE, MISS J, GUEST JOCONDE, LA FESTA CHIC, LAPINE FORMAL, VICE VERSA, and INSTRUMENT, targeting active urban women across multiple life stages. Products span tops, bottoms, dresses, outerwear, formal/occasion wear, bags, and fashion accessories, with individual SKU pricing ranging from roughly ¥9,900 to over ¥145,000 and seasonal discounts up to 70% off. The company also operates the LAPINE Fuji Fashion Research Institute (ラピーヌ富士服飾研究所) in Fujiyoshida City, Yamanashi Prefecture — anchored by a 'Made in Fuji' production identity — and contributes to the Yoshida Fire Festival as a regional initiative.

Lapine distributes through three channels: branded shop-in-shop counters inside major Japanese department stores (with joint customer-information handling agreements), directly operated retail stores, and a company-owned e-commerce platform at store.lapine.co.jp supporting member registration, multiple payment methods, and email/newsletter campaigns. Twice-yearly seasonal fashion exhibitions are held in Tokyo and Osaka for wholesale buyers and press, and limited-time pop-up shops are used for regional market testing. The company has a small group structure that includes Belle Pique Co., Ltd. (株式会社ベルラピカ) and Lapine Dream Farm Co., Ltd. (ラピーヌ夢ファーム株式会社) — the latter a wholly-owned subsidiary established in September 2012 under the Disability Self-Support Act (Type A) that operates a hydroponic leafy-vegetable farm in Iga City, Mie Prefecture, providing employment for persons with disabilities. The Lapine brand portfolio was expanded via two key business transfers: the Joconde and J divisions from Pop International Co., Ltd. (acquired August 2005) and the Vice Versa and Vista Fiore brands from Bovani Co., Ltd. (acquired December 2008).

The company's revenue trajectory shows sustained contraction over multiple years, from approximately ¥38.0B in 2022 to roughly ¥12.0B in 2026 (a ~68% decline), with operating losses registered in 2024 through 2026 and EBITDA negative across the same window. Net income, however, remained positive in 2022 and 2023 before turning to losses of approximately ¥2.1B (2024), ¥857M (2025), and ¥1.7B (2026), indicating a deteriorating operating model even as enterprise value has expanded over the period (from roughly ¥7.2B to ¥10.8B). The company employs 51–100 staff and is treated as publicly listed per firmographic data, although one source-block flagged it as privately held — the public listing on TYO under ticker 8143 is the controlling reference.

Name

Lapine

Legal name

株式会社ラピーヌ (LAPINE CO.,LTD.)

Website

https://lapine.co.jp

Company type

Private

Founded year

1950

Operating status

Operating

Headcount range

51–100 employees

Short description

Lapine Co., Ltd. (TYO: 8143) is a Japanese women's prestige ready-to-wear apparel company founded in 1950, retailing multi-brand pret-a-porter collections for adult women through department store counters, directly operated stores, and an owned e-commerce platform.

Ownership category

akta.pro rank

Headquarters

HQ city

Osaka-shi

HQ country

Japan

HQ region

Asia

Offices4 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Direct Retail Sales: Revenue is generated through the sale of women's fashion apparel and accessories at directly operated retail stores and through the company's e-commerce platform (store.lapine.co.jp). Products are sold at per-unit retail prices ranging from approximately ¥9,900 to over ¥145,000 depending on item category.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Lapine designs, produces, and sells prestige ready-to-wear (pret-a-porter) women's apparel and accessories across multiple sub-brands — including LAPINE BLANCHE, JOCONDE ROYAL, MADAM JOCONDE, LA FESTA CHIC, LAPINE FORMAL, INSTRUMENT, VICE VERSA, MISS J, LA JOCONDE, GUEST JOCONDE, and LAPINE ROUGE — targeting adult urban women in Japan across professional, elegant, formal, and casual segments. Distribution occurs through branded shop counters inside major Japanese department stores, company-operated retail stores, and an own e-commerce platform (store.lapine.co.jp) supporting nationwide delivery and multiple Japanese payment methods. The group also operates a Type-A disability welfare subsidiary (Lapine Dream Farm Co., Ltd.) producing hydroponically grown leafy vegetables at Iga Farm in Mie Prefecture.

Product overview

LAPINE CO., LTD. is a Japanese women's pret-a-porter fashion company with over half a century of history. The company operates a portfolio of fashion brands including LAPINE BLANCHE, LAPINE ROUGE, VICE VERSA, JOCONDE ROYAL, MADAM JOCONDE, LA JOCONDE, MISS J, GUEST JOCONDE, LA FESTA CHIC, LAPINE FORMAL, and INSTRUMENT. These brands target different market segments from active urban women to professional working women and those seeking elegant formal wear. The company also maintains an e-commerce platform (LAPINE ONLINE STORE) alongside physical retail locations. The product range includes tops, bottoms, dresses, outerwear, suits, formal wear, bags, fashion accessories, and jewelry.

Differentiator

Problem solved

Functional benefit

Brands

• LAPINE BLANCHE (ラピーヌブランシュ): Brand targeting active urban women with prestige ready-to-wear.
• JOCONDE ROYAL (ジョコンダ ロイヤル)
• MADAM JOCONDE (マダム ジョコンダ)
• LA JOCONDE (ラ ジョコンダ)
• LAPINE ROUGE (ラピーヌ ルージュ)
• MISS J (ミス ジェイ)
• GUEST JOCONDE (ゲスト ジョコンダ)
• La Festa Chic (ラフェスタ シック)
• LAPINE FORMAL (ラピーヌ フォーマル)
• instrument (インストゥルメント)
• VICE VERSA (バイス バーサ)
• BC (Brand Collection)

Products and services

• LAPINE BLANCHE (ラピーヌブランシュ / BC Brand Collection) Women's pret-a-porter fashion brand from Lapine targeting active urban women with adaptable styles across different life stages, sold through department store counters, directly operated stores, and the LAPINE ONLINE STORE.
• LAPINE ROUGE (ラピーヌ ルージュ) Sub-brand under the LAPINE BLANCHE line offering elegant and decorative styles for women who enjoy fashionable coordination.
• VICE VERSA (バイス バーサ) Women's pret-a-porter brand with stylish contemporary designs, acquired by Lapine from Bovani Co., Ltd. in December 2008.
• JOCONDE ROYAL — JR (ジョコンダ ロイヤル) Premium career-oriented women's pret-a-porter brand for working professional women valuing intelligence, dignity, and reliability, branded as 'Precious Career' under the Joconde Royal label.
• MADAM JOCONDE (マダム ジョコンダ) Elegant pret-a-porter brand targeting women who enjoy sophisticated coordinated looks with attention to occasion and quality under the TPO-aware Madam Joconde label.
• LA JOCONDE (ラ ジョコンダ) Sub-brand under the Joconde line of women's fashion.
• MISS J (ミス ジェイ) Women's fashion brand under the LAPINE family targeting young professional women.
• GUEST JOCONDE (ゲスト ジョコンダ) Guest brand under the Joconde line, offering contemporary women's fashion.
• LA FESTA CHIC (ラフェスタ シック) Women's fashion brand specializing in formal and celebration wear including dresses, suits, and accessories.
• LAPINE FORMAL (ラピーヌ フォーマル) Formal and occasion wear brand within the LAPINE family.
• INSTRUMENT (インストルメント) Select-shop brand offering contemporary women's fashion styles.
• LAPINE ONLINE STORE (store.lapine.co.jp) Official direct-to-consumer e-commerce platform selling the LAPINE brand portfolio (clothing, accessories, and fashion items across all sub-brands) with nationwide delivery within Japan and multiple Japanese payment methods (credit card, PayPay, d-barai, Amazon Pay, convenience store payment, and cash on delivery). E-commerce operations are partially outsourced to Jade Group Co., Ltd. (Magaséek Co., Ltd.).
• Lapine Dream Farm Hydroponic Leafy Vegetables Hydroponically grown leafy vegetables (水耕栽培の葉物野菜) produced and sold by Lapine Group subsidiary Lapine Dream Farm Co., Ltd. at its Iga Farm in Mie Prefecture to general consumers; operated under Type-A disability welfare services framework.

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered core and minor.

• Department Stores ( 百貨店 )coreStrategic or Co-development Partner · 11 July 2013Lapine operates branded shop counters within department stores. Under 'Customer Information Handling Agreements' (顧客情報の取扱いに関する覚書), Lapine jointly manages customer information with department stores for purposes including in-store consulting, after-sales service, purchasing history management, promotional campaigns, and direct marketing. Customer data is co-managed with department stores within the scope of these agreements.
• Bovani Co., Ltd. — Vice Versa and Vista FioreminorStrategic or Co-development Partner · 31 December 2008In December 2008, Lapine acquired the Vice Versa and Vista Fiore brand business from Bovani Co., Ltd., taking over event-related customer data for these brands.
• Pop International Co., Ltd. — Joconde Division and J DivisionminorStrategic or Co-development Partner · 1 August 2005In August 2005, Lapine acquired the Joconde Division and J Division (Joconde, La Joconde, Guest Joconde, Miss J brands) from Pop International Co., Ltd. through a business transfer, taking over customer data and operation of directly managed stores for these brands.
• Belle Pique Co., Ltd. (株式会社ベルラピカ)coreOthersBelle Pique Co., Ltd. is a subsidiary/affiliate within the Lapine Group (ラピーヌグループ). It is listed alongside Lapine Co., Ltd. and Lapine Dream Farm Co., Ltd. as part of the group's shared personal information protection policy.
• Lapine Dream Farm Co., Ltd. (ラピーヌ夢ファーム株式会社)coreOthersLapine Dream Farm Co., Ltd. is a subsidiary within the Lapine Group, established in September 2012 under the Disability Self-Support Act (Type A). It operates a hydroponic farm in Iga, Mie Prefecture producing leafy vegetables and provides employment for persons with disabilities as part of the group's CSR activities.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Direct peers

• United Arrows: Japanese select shop operator curating premium and contemporary women's and men's apparel across directly operated stores and e-commerce. Comparable positioning in prestige/multi-brand women's apparel and DTC channel mix.
• Baroque Japan Limited: Japanese women's apparel company behind brands like MOUSSY, SLY, and RODEO CROWNS, selling through directly operated stores and e-commerce. Directly comparable as a multi-brand women's pret-a-porter operator targeting similar life-stage demographics.
• Renown Incorporated: Heritage Japanese apparel company producing prestige women's and men's clothing, including licensed and original brands, primarily through department stores. Comparable heritage positioning, prestige ready-to-wear focus, and department-store-led distribution.
• World Co. Japanese apparel company that designs, manufactures, and sells multiple women's fashion brands through department stores and directly operated retail. Closely comparable multi-brand, multi-channel model and customer demographic to Lapine.

Others

• Sanrio Company, Ltd. Japanese lifestyle brand company operating Hello Kitty and other character brands across apparel, accessories, and gifts. Comparable as a publicly listed Japanese consumer brand operator with diversified portfolio and DTC channels, though in a different category.

Broad incumbents

• TSI Holdings: Japanese apparel holding company with a portfolio of women's brands (e.g., Tokyo Soir, NATURAL BEAUTY BASIC) sold through department stores and select shops. Comparable multi-brand structure, channel mix, and target demographic to Lapine.
• Adastria Co., Ltd. Japanese apparel retailer operating multiple women's fashion brands (LOWRYS FARM, JEANASIS, GLOBAL WORK) through directly operated stores and e-commerce. Comparable multi-brand women's apparel strategy with stronger DTC emphasis.
• Sanyo Shokai: Heritage Japanese apparel manufacturer and retailer specializing in women's outerwear and prestige ready-to-wear sold through department stores. Overlapping product categories (coats, formal wear, prestige women's apparel) and channel strategy with Lapine.
• ONWARD Holdings: Japanese apparel conglomerate operating multiple women's and men's brands across department store and select-shop channels. Directly comparable as a multi-brand Japanese apparel group serving prestige and mid-market segments with department store and DTC distribution.
• PAL Group Holdings: Japanese apparel holding company operating 3COINS, Cia Cia Pan, and other women's brands through directly operated stores. Comparable multi-brand apparel operator with a heavy DTC retail footprint.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/sharer/sharer.php?u=https%3A%2F%2Fstore.lapine.co.jp%2Fcommodity%2FSLPN2050D%2FLA5969EW001190%2F

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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 Lapine