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Overview

Information & Communication

SOFTMAX CO.,LTD

Softmax develops, sells, and provides maintenance support for integrated medical information systems targeting healthcare institutions across Japan, ranging from clinics to general hospitals. Its core product suite, branded 'PlusUs,' includes a Web-based electronic medical record (EMR) system, ordering system, medical accounting system, and departmental support systems (e.g., rehabilitation, health checkup, and surgery). The company differentiates itself through a Web-native architecture that eliminates the need for dedicated client-side software, reduces initial and operational costs, and supports cloud-based deployment with 24-hour remote support, while actively complying with Japan's medical DX initiatives including online eligibility verification, electronic prescriptions, and HL7 FHIR interoperability standards.

Market Cap

US$39.6M

¥6.33B

US$36.2M

¥5.79B

StockUS$1.65(¥263)▼-0.75%

US$1 = ¥159.70 (2026-11-12)

LTM EV/EBITDA

8.4

LTM EV/EBIT

9.5

LTM PER

13.0

LTM PBR

1.6

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-48.4%pt

Nov 13, 25 – Nov 13, 26StockTOPIX

MC → EV Bridge

AI Briefing

Softmax builds Web-native, cloud-ready medical IT systems under the 'PlusUs' brand, serving clinics and hospitals across Japan. FY25/12 revenue jumped to US$43.2M (¥6.9B) from US$33.8M (¥5.4B) a year earlier, with OP steady at US$4.38M (¥0.7B) (10.7% margin) as medical DX tailwinds (online eligibility checks, e-prescriptions, HL7 FHIR) support demand. Ownership is concentrated, with Rinks and founder-chairman Nomura together holding over 46% of shares outstanding.

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Performance & Balance

Revenue 5Y (US$)

EBITDA 5Y (US$)

Net Income 5Y (US$)

Capital Structure

64%

36%

EquityD/E 0.55xDebt

Liquidity vs Debt 5Y (US$)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 67.3%

as of 2026-06-30 · Source: Annual Securities Report

Links Co., Ltd.

24.90%

Toshiro NOMURA

21.30%

Hikari Tsushin KK Investment Limited Partnership, Unlimited Liability Partner: Hikari Tsushin, Inc.

5.20%

The Bank of Kagoshima, Ltd.

4.00%

Seiun Co., Ltd.

3.40%

Rakuten Securities, Inc. (Joint Account)

2.90%

SOFTMAX CO.,LTD Employee Stock Ownership Association

1.70%

Shigeo MAKITA

1.50%

Masahide NAKAZONO

1.40%

HIKARI TSUSHIN,INC.

1.00%

Management

13 officers

Toshiro NOMURA

Representative Director, Chairman

Jan 1974 Victor Keisanki Kyushu Hanbai Co., Ltd. (now Softmax Co., Ltd.) established Aug 1976 Renamed Victor Terminal Systems Co., Ltd. (now Softmax Co., Ltd.); Representative Director May 1979 Miyazaki Business Computer Co., Ltd. (now Softmax Co., Ltd.) established; Representative Director Jun 1982 Nishi-Nihon Business Computer Co., Ltd. (now Softmax Co., Ltd.) established; Representative Director Jun 1985 Spec Co., Ltd. (now Softmax Co., Ltd.) established; Representative Director Sep 1985 Nihon Medical System Co., Ltd. (now Softmax Co., Ltd.) established; Representative Director Jul 1990 Links Co., Ltd. established; Representative Director (current) Jun 1998 CyberWay Co., Ltd. (now Softmax Co., Ltd.) established; Representative Director Aug 1999 Kagoshima Business Computer Co., Ltd. (now Softmax Co., Ltd.); Representative Director, Chairman Jan 2001 Softmax Co., Ltd. (renamed upon merger of five companies); Representative Director, Chairman Mar 2020 Softmax Co., Ltd.; Representative Director, Chairman and President Jan 2022 Softmax Co., Ltd.; Representative Director, Chairman (current)

1947-02-07

Chieko HAGIWARA

Representative Director, President

Apr 1985 Joined Kagoshima Business Computer Co., Ltd. (now Softmax Co., Ltd.) Jan 2001 Managing Director, Softmax Co., Ltd. Dec 2011 Executive Officer, Senior Managing, in charge of Healthcare Systems Technology Division, Softmax Co., Ltd. Mar 2014 Managing Director, in charge of Healthcare Systems Technology Division, Softmax Co., Ltd. Aug 2018 Managing Director, in charge of East Japan Sales, Softmax Co., Ltd. Nov 2019 Managing Director, in charge of East Japan Business Division, Sales Headquarters, Softmax Co., Ltd. Jan 2020 General Manager, Tokyo Branch, Softmax Co., Ltd. Jan 2021 Managing Director, in charge of East Japan Business Division, Business Headquarters, Softmax Co., Ltd. Feb 2022 Managing Director, in charge of Systems Development Business Division, Business Headquarters, Softmax Co., Ltd. Jan 2023 Managing Director, in charge of Consulting Business Division, Business Headquarters, Softmax Co., Ltd. Jan 2024 Managing Director, General Manager of Business Development and in charge of Consulting Headquarters, Softmax Co., Ltd. Jan 2025 Representative Director, President, Softmax Co., Ltd. (current)

1962-05-10

Toshiyuki NOMURA

Senior Managing Director

Apr 1997 Graduated from American University (Washington, D.C.) Nov 1997 Joined Funai Soken Inc. Oct 2000 Joined Toshiba Corporation May 2007 Established IMEX Co., Ltd.; Representative Director (current) Jun 2007 Established Food Ultimate Network Co., Ltd.; Representative Director (current) May 2022 Joined Softmax Co., Ltd. Jan 2024 General Manager, Office of the President, Softmax Co., Ltd. (current) Mar 2024 Managing Director, in charge of East Japan Business Division, Softmax Co., Ltd. Jan 2025 Senior Managing Director, Softmax Co., Ltd. (current)

1970-09-30

Katsushi SAITO

Managing Director, in charge of Administration Division

Apr 1984 Joined Kagoshima Business Computer Co., Ltd. (now Softmax Co., Ltd.) Apr 2007 General Manager, Kagoshima Solutions Systems Department, Softmax Co., Ltd. Jan 2010 Director, General Manager of Sales Department and General Manager of Kagoshima Branch, Softmax Co., Ltd. Dec 2011 Executive Officer, General Manager of Kagoshima Branch, Softmax Co., Ltd. Jun 2013 General Manager, Solutions Department, Softmax Co., Ltd. Jan 2015 Executive Officer, General Manager, Solutions Department, Softmax Co., Ltd. Mar 2017 Director, General Manager, Solutions Department, Softmax Co., Ltd. Jan 2018 Managing Director, General Manager, Solutions Department, Softmax Co., Ltd. Mar 2018 Managing Director, in charge of Solutions Department, Softmax Co., Ltd. Nov 2019 Managing Director, in charge of Solutions Business Division, Sales Headquarters, Softmax Co., Ltd. Jan 2021 Managing Director, in charge of Solutions Business Division, Business Headquarters, Softmax Co., Ltd. Jan 2024 Managing Director, General Manager of Solutions Business and in charge of Solutions Business Division, Softmax Co., Ltd. Jan 2025 Managing Director, in charge of Solutions Business Division, Softmax Co., Ltd. Oct 2025 Managing Director, in charge of Administration Division, Softmax Co., Ltd. (current)

1960-10-25

Tatsuhiko NOMURA

Managing Director, in charge of West Japan Business Division

Mar 2002 Joined Goodwill Group, Inc. (now Techno Pro Holdings, Inc.) Mar 2008 Joined Links Co., Ltd. Feb 2014 Joined Softmax Co., Ltd. Nov 2018 General Manager, Fukuoka Sales Headquarters, Softmax Co., Ltd., Executive Officer Oct 2019 Fukuoka Branch Manager, Softmax Co., Ltd., Executive Officer Nov 2019 Fukuoka Branch Manager and General Manager, West Japan Business Division, Sales Headquarters, Softmax Co., Ltd., Executive Officer Mar 2020 Director, Fukuoka Branch Manager and General Manager, West Japan Business Division, Sales Headquarters, Softmax Co., Ltd. Jul 2020 Director, in charge of West Japan Business Division, Sales Headquarters, and Fukuoka Branch Manager and General Manager, Softmax Co., Ltd. Jan 2021 Director, in charge of West Japan Business Division, Business Headquarters, and Fukuoka Branch Manager and General Manager, Softmax Co., Ltd. Apr 2021 Managing Director, in charge of West Japan Business Division, Business Headquarters, and Fukuoka Branch Manager, Softmax Co., Ltd. Jan 2022 Managing Director, in charge of West Japan Business Division, Business Headquarters, Softmax Co., Ltd. Jan 2024 Managing Director, in charge of West Japan Business Division, Softmax Co., Ltd. (current)

1976-03-01

Kazushi SHIMOTAMARI

Managing Director, in charge of Systems Development Business Division

Apr 2001 Joined CyberWay Co., Ltd. (now Softmax Co., Ltd.) Apr 2006 Joined Softmax Co., Ltd. Jan 2015 General Manager, Systems Development Department I, Softmax Co., Ltd. Oct 2017 Executive Officer, General Manager, Systems Development Department I, Softmax Co., Ltd. Jan 2021 Executive Officer, General Manager, Systems Development Department I, Systems Development Business Division, Business Headquarters, Softmax Co., Ltd. Mar 2021 Executive Officer, Senior General Manager, Systems Development Department I, Systems Development Business Division, Business Headquarters, Softmax Co., Ltd. Jan 2022 Executive Officer, in charge of Systems Development Business Division, Business Headquarters, and Senior General Manager, Systems Development Department I, Softmax Co., Ltd. Mar 2022 Director, in charge of Systems Development Business Division, Business Headquarters, and Senior General Manager, Systems Development Department I, Softmax Co., Ltd. Jan 2024 Director, General Manager of Product Development and Senior General Manager, Systems Development Headquarters, Softmax Co., Ltd. Jan 2025 Managing Director, in charge of Systems Development Business Division, Softmax Co., Ltd. (current)

1978-10-16

Munetoshi NAGASAWA

Director, in charge of Kansai Business Division, General Manager of Kinki-Shikoku Sales Headquarters, and General Manager of Osaka Branch

Apr 2000 Joined Nissan Prince Fukuoka Sales Co., Ltd. May 2007 Joined Softmax Co., Ltd. Jan 2015 General Manager, Sales Department, Marketing Headquarters, Softmax Co., Ltd. Mar 2020 Executive Officer, General Manager and Osaka Branch Manager, Softmax Co., Ltd. Jan 2021 Executive Officer, Branch Manager and General Manager, Head Office Sales Headquarters, East Japan Business Division, Business Headquarters, Softmax Co., Ltd. Jan 2022 Executive Officer, in charge of East Japan Business Division, and Branch Manager and General Manager, Head Office Sales Headquarters, Softmax Co., Ltd. Mar 2022 Director, in charge of East Japan Business Division, and Branch Manager and General Manager, Head Office Sales Headquarters, Softmax Co., Ltd. Jan 2023 Director, in charge of Central Japan Business Division and General Manager, Softmax Co., Ltd. Jan 2024 Director, in charge of Kansai Business Division and General Manager, Kinki-Shikoku Sales Headquarters, Softmax Co., Ltd. (current) Mar 2024 Osaka Branch Manager, Softmax Co., Ltd. (current)

1974-09-18

Shinichi FUKUMOTO

Director

Apr 1989 Registered as attorney-at-law Apr 1989 Joined Teruni Law Office May 1997 Opened Fukumoto Law Office; Head of Office Apr 2011 President, Kagoshima Bar Association May 2014 Chairman, Kagoshima Prefecture Attorneys' Cooperative Mar 2016 Director, Softmax Co., Ltd. (current) Apr 2019 Managing Partner, Fukumoto Law Office Attorneys' Corporation (current)

1958-07-20

Takashi AIKO

Director

Jul 1969 Obtained medical license Apr 1970 Surgery, Kagoshima Prefectural Oshima Hospital Jun 1989 Surgery, NewYork-Presbyterian/Weill Cornell Medical Center Apr 1994 Professor, First Department of Surgery, School of Medicine, Kagoshima University Dec 2002 Hospital Director, Kagoshima University Hospital Jan 2007 Board Member, Kagoshima University Jun 2009 Professor Emeritus, University of Cologne Mar 2010 Professor Emeritus, Kagoshima University Apr 2010 Adviser, Seiunkai Hospital, Shakai Iryo Hojin Seiunkai Mar 2022 Director, Softmax Co., Ltd. (current)

1944-10-09

Satoru IMAIZUMI

Director

Apr 1982 Joined The Kagoshima Bank, Ltd. Jun 2009 General Manager, Takemachi Branch (now Chuo Branch), The Kagoshima Bank, Ltd. Jun 2011 Director, General Manager of Head Office Sales Department, The Kagoshima Bank, Ltd. Jun 2014 Managing Director, General Manager of Head Office Sales Department, The Kagoshima Bank, Ltd. Jun 2015 Managing Director, General Manager of Miyazaki Branch, The Kagoshima Bank, Ltd. Apr 2018 Representative Director, President, Kagoshima Card Co., Ltd. May 2020 Representative Director, President, Kyushu Kyodo Co., Ltd. Mar 2026 Director, Softmax Co., Ltd. (current)

1958-09-25

Shuichi INAMURA

Full-time Corporate Auditor

Apr 1979 Joined Kagoshima Business Computer Co., Ltd. (now Softmax Co., Ltd.) Apr 2004 General Manager, Sales Department, Kagoshima Branch, Softmax Co., Ltd. Oct 2007 Manager, Shikoku Sales Office, Softmax Co., Ltd. Dec 2011 Corporate Auditor, Softmax Co., Ltd. (current)

1956-03-02

Toshiyuki TOKUDOME

Part-time Corporate Auditor

Dec 1991 Registered as certified tax accountant Mar 1992 Opened tax accounting office Jan 2003 Established Konan Sogo Accounting Certified Tax Accountant Corporation; Managing Partner (current) Mar 2016 Corporate Auditor, Softmax Co., Ltd. (current)

1961-04-06

Kazumi WAKAMATSU

Part-time Corporate Auditor

Apr 1977 Joined International Business Machines Corporation (IBM Japan, Ltd.) Oct 2010 Managing Director, IBM Japan Services, Ltd. Mar 2012 President, NI Information Systems Co., Ltd. Apr 2017 Established Wakamatsu Computer Service Mar 2020 Corporate Auditor, Softmax Co., Ltd. (current)

1953-01-03

Large Shareholding Reports

Koutsushin Co., Ltd.

2025-09-26

6.10%→6.29%

Annual report (as of 2026-06-30): 1.00%

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-11-10

Q3 Earnings Flash

FY ending Dec 2026

SOFTMAX CO.,LTD

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