Overview
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VRAIN Solution,Inc.

The company provides AI and IoT-based digital transformation (DX) solutions exclusively to the Japanese manufacturing industry, operating under the mission of 'changing manufacturing and changing the world.' Its core offering is the proprietary AI visual inspection system 'Phoenix Vision/Eye,' which automates defect detection on production lines by replacing manual inspection with AI-powered image recognition, delivered as a complete hardware-software package including cameras and imaging equipment. The company also offers DX consulting services to accelerate clients' digital transformation, with both solutions cross-sold within the same client base to maximize per-account revenue.

Market Cap
¥38.1B
US$243M
EV
¥38.3B
US$244M
Stock¥3,710▼-4.63%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
30.3
x
LTM EV/EBIT
31.2
x
LTM PER
44.3
x
LTM PBR
16.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+4.3%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Oct 15, 26Q2 FY2027/02 earnings announced
MC → EV Bridge
38.1BUS$243MMarket Cap0.40BUS$2.55M+ Debt0.14BUS$0.88M− Cash0.00BUS$0.00M− Inv. Sec.38.3BUS$244MEV
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Performance & Balance
Revenue 5Y (¥B)
1.41US$9.00M'24/21.41US$9.00M'24/22.14US$13.7M'25/23.28US$20.9M'26/2
EBITDA 5Y (¥B)
0.53US$3.36M'24/20.63US$4.02M'25/2
Net Income 5Y (¥B)
0.33US$2.10M'24/20.33US$2.10M'24/20.43US$2.71M'25/20.65US$4.16M'26/2
Capital Structure
85%
EquityD/E 0.17xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
'24/20.96US$6.14M0.07US$0.44M'24/20.49US$3.12M0.01US$0.03M'25/20.43US$2.72M0.40US$2.55M'26/2
Shareholders
Top 10 hold 77.1%
1
Y&N G.K.
37.63%
2
Yusuke NANBA
28.54%
3
Custody Bank of Japan, Ltd. (Trust Account)
3.57%
4
The Master Trust Bank of Japan, Ltd. (Trust Account)
1.80%
5
Norio SHIRAKAWA
1.26%
6
Seiki OGIMOTO
0.96%
7
Yoshihiro KIKUCHI
0.96%
8
Ikuo YAMADA
0.96%
9
Rakuten Securities, Inc. (Joint Account)
0.77%
10
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
0.64%
Management
8 officers
Yusuke NANBA
Representative Director, President
Apr 2016 Joined Keyence Corporation Oct 2018 Joined M3, Inc. Feb 2019 Established Z-Will Inc., Representative Director Jul 2019 Executive Officer, STANDARD Inc. Mar 2020 Representative Director, President, the Company (current)
1992-08-06
Seiki OGIMOTO
Director, General Manager of DX Business Development Department
Apr 2020 Joined the Company Dec 2020 Director, the Company Mar 2021 Director, General Manager of Technology Development Department, the Company May 2022 Director, General Manager of DX Business Development Department, the Company (current)
1998-10-19
Yoshihiro KIKUCHI
Director, General Manager of Corporate Department
Apr 2007 Joined Mizuho Bank, Ltd. Jan 2021 Joined the Company May 2022 Director, General Manager of Corporate Department, the Company (current)
1985-02-27
Ikuo YAMADA
Director, General Manager of Technology Development Department
Apr 2006 Joined Keyence Corporation Jul 2021 Joined the Company Aug 2021 General Manager of Technology Development Department, the Company May 2022 Director, General Manager of Technology Development Department, the Company (current)
1982-01-11
Shinji KITADA
Outside Director
Apr 1982 Joined Toyota Motor Sales, Co., Ltd. (now Toyota Motor Corporation) Apr 2011 Managing Officer, Toyota Motor Corporation; Director, President, Toyota Motor (China) Investment Co., Ltd. Apr 2017 Joined Prime Earth EV Energy Co., Ltd. (now Toyota Battery Co., Ltd.) Jun 2017 Representative Director, Executive Vice President, Prime Earth EV Energy Co., Ltd. Jun 2019 Representative Director, President, Prime Earth EV Energy Co., Ltd. Jun 2022 Executive Advisor, Prime Earth EV Energy Co., Ltd. Dec 2022 Outside Director, the Company (current)
1958-11-21
Norihiko IESHIRO
Full-time Audit & Supervisory Board Member
Apr 1980 Joined Sumitomo Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Feb 2004 Joined Meiho Enterprise Co., Ltd. Apr 2005 Joined Ecology Asset Management Co., Ltd. May 2005 Director, General Manager of General Planning Department, Ecology Asset Management Co., Ltd. Jul 2008 Director, General Manager of General Affairs Department, Nihon Kyoiku Create Co., Ltd. Apr 2009 Executive Officer, General Manager of Management Planning Department, Wellnet Corporation Dec 2010 Joined Tokyo Aviation Cleaning Co., Ltd. May 2012 Director, General Manager of Accounting Department, Tokyo Aviation Cleaning Co., Ltd. Oct 2017 Audit & Supervisory Board Member, Realize Inc. (now Netamoto Inc.) Apr 2020 Joined Nexus Agent Inc. Sep 2020 Audit & Supervisory Board Member, NextEnergy & Resources Co., Ltd. Mar 2022 Audit & Supervisory Board Member, the Company Jun 2022 Full-time Audit & Supervisory Board Member, the Company (current)
1956-06-28
Yuichi HARAKAWA
Audit & Supervisory Board Member
May 2004 Joined Tohmatsu Audit Corporation (now Deloitte Touche Tohmatsu LLC) Jun 2008 Registered as Certified Public Accountant Oct 2018 Established Harakawa CPA Office, Representative (current) Dec 2020 Established Forbury Inc., Representative Director (current) Jun 2022 Audit & Supervisory Board Member, the Company (current) Aug 2025 Audit & Supervisory Board Member, Everage Inc. (current)
1981-02-12
Masanori KIMURA
Audit & Supervisory Board Member
Oct 2006 Registered as Attorney-at-Law (Tokyo Bar Association) Oct 2006 Joined Sakai & Mimura Law Offices (now Anderson Mori & Tomotsune) Jan 2014 Established Kimura Law Office Aug 2020 Established Kimura & Koga Law Office (current) Nov 2022 Audit & Supervisory Board Member, the Company (current)
1981-12-24
Large Shareholding Reports
Y&N LLC
2025-09-03
38.18%→37.72%
Annual report (as of 2026-08-31): 37.63%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-14
Q2 Earnings Flash
FY ending Feb 2027
EDINET
2026-10-14
Semi-Annual Securities Report
Period: Mar 2026 – Feb 2027
TDnet
2026-07-14
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-05-27
Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2026-01-14
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2025-10-14
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
EDINET
2025-09-03
Large Shareholding Report
TDnet
2025-07-14
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-29
Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2025-01-14
Q3 Earnings Flash
FY ending Feb 2025
EDINET
2024-10-15
Semi-Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINET
2024-07-11
Quarterly Securities Report
Period: Mar 2024 – May 2024
TDnet
2024-07-11
Q1 Earnings Flash
FY ending Feb 2025
EDINET
2024-05-29
Annual Securities Report
Period: Mar 2023 – Feb 2024
TDnet
2024-04-15
Full-Year Earnings Flash
FY ending Feb 2024
EDINETAmended
2024-02-14
Amended Securities Registration Statement
EDINETAmended
2024-02-05
Amended Securities Registration Statement
EDINET
2024-01-18
Securities Registration Statement
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