Buy Or Sell Opportunity • Jul 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to JP¥1,296. The fair value is estimated to be JP¥1,625, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last year. Earnings per share has grown by 177%. Revenue is forecast to grow by 77% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Announcement • Jul 23
HUMAN MADE Inc. Announces Executive Changes, Effective August 1, 2026 HUMAN MADE Inc. announced that the Board of Directors at its meeting held on July 23, 2026, resolved to introduce an Executive Officer system and change the title of the Representative Director. Introduction of the Executive Officer System: The Company will introduce an Executive Officer system to respond to business expansion and rapid changes in the management environment. This transition is intended to accelerate decision-making, improve the efficiency of business execution, establish a more agile management structure, expand opportunities for the appointment of management personnel, and foster management talent over the medium to long term. Overview of the Executive Officer System: Executive Officers shall be engaged under mandate contract with the Company. The appointment and dismissal of Executive Officers shall be resolved by the Board of Directors. The term of office for Executive Officers shall be one year, and they are not precluded from being reappointed. Executive Officers shall execute business operations based on the business policies determined by the Board of Directors. Scheduled Date of Introduction: August 1, 2026. Change in Title of Representative Director (effective as of August 1, 2026): Effective August 1, 2026, Rei Matsunuma's title will change from Representative Director, CEO and COO to Representative Director and CEO. At the same time, Yuki Yamanaka, currently General Manager of the Product Department, will be appointed as Head of Product; Tatsuya Shiraishi, currently General Manager of the Global Business Department, will be appointed as Head of Revenue; and Itaru Yamamoto, currently Team Leader of FP&A and IR in the Accounting & Finance Department and Team Leader of Corporate Strategy in the Corporate Planning Department, will be appointed Head of Finance. Yuki Yamanaka, born on January 16, 1989, began his career at UNIQLO Co. Ltd. in March 2011 before joining the Company in March 2021. He was appointed Unit Manager of the Product Development and Product Planning Unit within the Business Management Department in May 2022 and later became General Manager of the Product Department in May 2024. Tatsuya Shiraishi, born on July 22, 1976, started his career at Pioneer Corporation in April 1999 and joined UNIQLO Co. Ltd. in January 2011. He subsequently joined Rakuten Group Inc. in January 2019 and giftee Inc. in January 2021 before joining the Company in September 2021. In May 2022, he was appointed Unit Manager of the E-commerce & Logistics Unit within the Business Management Department, and in May 2024, he became General Manager of the Global Business Department. Itaru Yamamoto, born on August 4, 1980, began his professional career with AZSA & Co. (now KPMG AZSA LLC) in October 2005 and later joined PricewaterhouseCoopers Co. Ltd. (now PwC Advisory LLC) in November 2012. He joined the Company in April 2025 . Announcement • Jul 17
HUMAN MADE Inc. to Report Q2, 2027 Results on Sep 11, 2026 HUMAN MADE Inc. announced that they will report Q2, 2027 results on Sep 11, 2026 
