Overview
Information & Communication

Commerce One Holdings Inc.

Commerce One Holdings is a pure holding company overseeing five consolidated subsidiaries that collectively provide a comprehensive, one-stop EC platform for domestic small-to-medium-sized e-commerce operators in Japan. Core services include SaaS-based EC site construction (futureshop, with 2,790+ stores), multi-channel order and inventory management (Softel), trust authentication and analytics tools (TradeSafe), web-based marketing communication and LTV enhancement solutions (Soraiiro), and generative AI-powered creative content production (Kidoku). The group's competitive strength lies in its integrated, end-to-end infrastructure covering storefront design, back-office operations, customer engagement, and AI-driven marketing, enabling growth-oriented EC operators to scale efficiently.

Market Cap
US$34.2M
¥5.47B
EV
US$20.8M
¥3.32B
StockUS$4.93(¥787)▲+5.64%
US$1 = ¥159.70 (2026-11-12)
LTM EV/EBITDA
6.4
x
LTM EV/EBIT
9.6
x
LTM PER
19.3
x
LTM PBR
2.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-18.8%pt
100
Nov 13, 25 – Nov 13, 26StockTOPIX
MC → EV Bridge
US$34.2M¥5.47BMarket CapUS$0.39M¥0.06B+ DebtUS$10.5M¥1.68B− CashUS$3.35M¥0.54B− Inv. Sec.US$0.05M¥0.01B+ NCIUS$20.8M¥3.32BEV
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Performance & Balance
Revenue 5Y (US$)
US$18.4M¥2.94B'22/3US$20.0M¥3.20B'23/3US$22.3M¥3.56B'24/3US$23.1M¥3.69B'25/3US$24.4M¥3.90B'26/3
EBITDA 5Y (US$)
US$4.71M¥0.75B'22/3US$4.37M¥0.70B'23/3US$4.97M¥0.79B'24/3US$4.80M¥0.77B'25/3US$3.32M¥0.53B'26/3
Net Income 5Y (US$)
US$3.10M¥0.50B'22/3US$2.76M¥0.44B'23/3US$2.59M¥0.41B'24/3US$0.57M¥0.09B'25/3US$1.89M¥0.30B'26/3
Capital Structure
98%
EquityD/E 0.02xDebt
Liquidity vs Debt 5Y (US$)▲ Net Cash
CashInv. Sec.Debt
US$13.7M¥2.19B'22/3US$13.6M¥2.17BUS$0.29M¥0.05B'23/3US$17.1M¥2.74BUS$0.29M¥0.05B'24/3US$14.5M¥2.31BUS$0.44M¥0.07B'25/3US$14.5M¥2.31BUS$0.39M¥0.06B'26/3
Shareholders
Top 10 hold 82.4%
1
Takaaki OKAMOTO
30.82%
2
UBS AG HONG KONG (Standing Proxy: Citibank, N.A., Tokyo Branch)
25.21%
3
Hikari Tsushin Inc. Investment Limited Partnership
6.69%
4
e-Agency Inc.
4.28%
5
Future Spirits Inc.
3.77%
6
Yuko FUSHIMI
3.73%
7
Keiichiro KINOSHITA
3.06%
8
Terunobu KITAGAWA
2.14%
9
NORTHERN TRUST CO. (AVFC) RE NON TREATY CLIENTS ACCOUNT (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
1.47%
10
Custody Bank of Japan, Ltd. (Trust Account)
1.27%
Management
8 officers
Takaaki OKAMOTO
Representative Director
Apr 1991 Joined Fuji Bank, Ltd. (now Mizuho Bank, Ltd.) Oct 2005 Joined Opt Inc. (now Digital Holdings Inc.) Aug 2006 Representative Director, TradeSafe Inc. (now Commerce One Holdings Inc.) (current) Mar 2010 Director, Futureshop Inc. (current) May 2010 Representative Director, Ecosystem Holdings Inc. (current) Dec 2010 Director, Japan Cycle Inc. (current) Sep 2011 Director, Softel Inc. (current) Jul 2015 Director, Enecycle Inc. (current) Sep 2017 Representative Director, TradeSafe Inc. (current) Nov 2022 Director, SAMURAI TECHNOLOGY Inc. (merged with Softel Inc. in Jan 2025) Mar 2023 Director, Sorairo Inc. (current) Apr 2025 Director, Commerce Connect Inc. (current) Jun 2025 Director, PINES Inc. (renamed AttendMe Inc. in Mar 2026) (current)
1968-08-26
Kiwamu SHIMIZU
Director and General Manager of Administration Division
Jan 2007 Joined Kasumigaseki Audit Corporation Jan 2010 Joined NPC Inc. Jun 2011 Joined Opt Inc. (now Digital Holdings Inc.) Sep 2021 Established SQA Inc.; Representative Director (current) Mar 2023 Director, Sorairo Inc. (current) Jun 2023 Director and General Manager of Administration Division, the Company (current) Jun 2025 Director, PINES Inc. (renamed AttendMe Inc. in Mar 2026) (current)
1979-09-01
Yuko HOSHINO
Director
Apr 1990 Joined S.P. Ken Inc. Mar 1999 Joined Digital Insurance Inc. Sep 2002 Joined Future Spirits Inc. Mar 2010 Representative Director, Futureshop Inc. (current) Feb 2020 Director, the Company (current) Mar 2023 Director, Sorairo Inc. (current) Apr 2025 Director, Commerce Connect Inc. (current)
1967-03-12
Terunobu KITAGAWA
Director
Apr 1997 Joined Densan System Inc. Aug 2001 Established Softel Ltd. (now Softel Inc.); Representative Director (current) Feb 2020 Director, the Company (current) Nov 2022 Director, SAMURAI TECHNOLOGY Inc. (merged with Softel Inc. in Jan 2025) Apr 2025 Director, Commerce Connect Inc. (current) Jun 2025 Director, PINES Inc. (renamed AttendMe Inc. in Mar 2026) (current)
1974-08-12
Yuta ITO
Director
Dec 2004 Joined Tohmatsu & Co. (now Deloitte Touche Tohmatsu LLC) Mar 2014 Representative, Ito Accounting Office (current) Jun 2018 Director, the Company (current)
1977-09-28
Kazunori TAKAGI
Full-time Audit & Supervisory Board Member
Apr 1978 Joined Shin Nihon Securities Co., Ltd. (now Mizuho Securities Co., Ltd.) Apr 2009 General Manager, Corporate Support Department, Mizuho Securities Co., Ltd. Oct 2011 Advisor, Fukuda Denshi Co., Ltd. Jun 2016 Outside Director, Dental Support Inc. Oct 2016 Audit & Supervisory Board Member, Landix Inc. Jun 2018 Full-time Audit & Supervisory Board Member, Landix Inc. Jun 2022 Full-time Audit & Supervisory Board Member, the Company (current); Audit & Supervisory Board Member, Futureshop Inc. and TradeSafe Inc. (concurrent, current)
1955-03-02
Masataka UESUGI
Audit & Supervisory Board Member
Apr 1995 Registered as attorney (Tokyo Bar Association); joined Emori & Kawamori Law Office Apr 1999 Opened Uesugi Law Office Jun 2003 Co-partner, Amlec Law & Accounting Office (now Kasumigaseki Law & Accounting Office) Jun 2004 Audit & Supervisory Board Member, Digital Arts Inc. Jun 2007 Audit & Supervisory Board Member, jig.jp Inc. (current) Jun 2013 Audit & Supervisory Board Member, the Company (current) Dec 2013 Audit & Supervisory Board Member, Ceres Inc. Nov 2014 Audit & Supervisory Board Member, Aiming Inc. (current) Mar 2015 Co-partner, Sakuradori Sogo Law Office (current) Mar 2016 Director (Audit and Supervisory Committee Member), Fullcast Holdings Co., Ltd. (current) Jun 2016 Director (Audit and Supervisory Committee Member), Digital Arts Inc. (current) Mar 2021 Director (Audit and Supervisory Committee Member), Ceres Inc. (current)
1965-07-31
Takumi ISHIHARA
Audit & Supervisory Board Member
Dec 2005 Joined Takano Judicial Scrivener Office Jan 2009 Co-partner, Light Advisors Judicial Scrivener Office Jun 2016 Audit & Supervisory Board Member, the Company (current) Nov 2020 Part-time Audit & Supervisory Board Member, SAKURUG Inc. (current)
1982-02-20
Large Shareholding Reports
Asian Asset Acquisition Pte. Ltd.
2026-10-16
22.70%→24.58%
Koutsushin Co., Ltd.
2026-08-05
7.52%→7.52%
Koutsushin Co., Ltd.
2026-06-19
7.52%→7.52%
Koutsushin Co., Ltd.
2026-05-26
7.06%→7.52%
Koutsushin Co., Ltd.
2025-09-26
6.88%→7.06%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-11-13
Q2 Earnings Flash
FY ending Mar 2027
EDINET
2026-11-13
Semi-Annual Securities Report
Period: Apr 2026 – Mar 2027
EDINET
2026-10-16
Large Shareholding Report
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-08-05
Large Shareholding Report
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-19
Large Shareholding Report
EDINET
2026-05-26
Large Shareholding Report
TDnet
2026-05-14
Full-Year Earnings Flash
FY ending Mar 2026
TDnet
2026-05-14
業績予想の修正
FY ending Mar 2026
TDnet
2026-02-13
特別損益
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-26
Large Shareholding Report
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-14
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
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