Enigmo Inc. has acquired Krystal Enterprise Limousine in Hawaii to enhance its travel services, streamline operations, and meet growing customer demand.

Information on the Target

Enigmo Inc. (Ticker: 3665) has expanded its business by acquiring Krystal Enterprise Limousine, a leading provider of limousine services based in Hawaii. Krystal Enterprise Limousine specializes in offering premium transport solutions, especially in Oahu, catering to the growing demand for transportation services among travelers. In the fiscal year ending December 2024, Krystal reported revenue of JPY 575 million, an operating profit of JPY 65 million, and net assets amounting to JPY 282 million.

The acquisition allows Enigmo to internalize its transportation services, complementing its existing offerings of online shopping through its platform 'BUYMA' and travel booking services under 'BUYMA TRAVEL.' By enhancing its service capabilities, Enigmo aims to meet the diverse needs of its customer base while improving profitability.

Industry Overview

The limousine service industry in Hawaii has shown promising growth, fueled by an influx of tourists seeking premium transport experiences. With Hawaii being a popular vacation destination, demand

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エニグモ

invested in

Krystal Enterprise Limousine, Inc.

in 2026

in a Other deal

Disclosed details

Transaction Size: $8M

Revenue: $5M

EBITDA: $1M

EBIT: $0M

Net Income: $0M

Enterprise Value: $5M

Equity Value: $3M


Multiples

EV/EBITDA: 8.4x

EV/EBIT: 82.3x

EV/Revenue: 0.9x

P/E: 127.5x

P/Revenue: 0.5x

Deal Parameters
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