Overview
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Ishin Co.,Ltd.

Ishin Co., Ltd. operates three core businesses: Public-Private Co-creation (connecting private enterprises with local governments through media, digital transformation support, and B2G marketing platforms); Global Innovation (supporting open innovation at major Japanese corporations by connecting them with domestic and overseas startups via information portals such as BLITZ Portal); and Media PR (providing media and promotional services for venture and growth-stage companies). The company leverages proprietary media assets—including the magazines 'Jichitai Tsushin' and 'Keieisha Tsushin'—alongside digital platforms, telemarketing, and webinar solutions to create end-to-end marketing and business-matching services. Its competitive strength lies in its unique position as an intermediary between public-sector bodies, large corporations, and startups, underpinned by a growing recurring-revenue platform model.

Market Cap
¥1.30B
US$8.28M
EV
¥0.06B
US$0.39M
Stock¥673▲+0.00%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
0.9
x
LTM EV/EBIT
NM
LTM PER
185.9
x
LTM PBR
1.1
x
2026-08-25 closing price basis: ranked #117 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-4B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-54.8%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
1.30BUS$8.28MMarket Cap0.02BUS$0.10M+ Debt1.30BUS$8.29M− Cash0.46BUS$2.91M− Inv. Sec.0.50BUS$3.21M+ NCI0.06BUS$0.39MEV
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Performance & Balance
Revenue 5Y (¥B)
1.02US$6.52M'22/31.15US$7.31M'23/31.28US$8.15M'24/31.39US$8.87M'25/31.43US$9.09M'26/3
EBITDA 5Y (¥B)
0.21US$1.36M'24/30.25US$1.62M'25/30.07US$0.45M'26/3
Net Income 5Y (¥B)
0.10US$0.62M'22/30.08US$0.53M'23/30.13US$0.80M'24/30.18US$1.13M'25/30.00US$0.03M'26/3
Capital Structure
99%
EquityD/E 0.01xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
'22/30.42US$2.66M'23/31.73US$11.0M'24/31.77US$11.3M'25/31.65US$10.5M'26/3
Shareholders
Top 10 hold 77.2%
1
Bright Stone Co., Ltd.
39.32%
2
Tomoyoshi AKASHI
22.36%
3
Enjin Co.,Ltd.
3.10%
4
Kenji OKADA
2.86%
5
Kazutaka MURAGUCHI
2.86%
6
Satoshi KATAOKA
1.65%
7
Manabu NIIE
1.44%
8
Morgan Stanley MUFG Securities Co., Ltd.
1.30%
9
Kazuto YAMAMOTO
1.19%
10
Dai MATSUMOTO
1.10%
Management
6 officers
Tomoyoshi AKASHI
Representative Director, Chairman
Mar 2004 Appointed Representative Director, Venture Tsushin (NPO) Apr 2005 Established Bakumatsu Co., Ltd. (now the Company); appointed Representative Director, President May 2011 Appointed Representative Director, Chairman of the Company (current) Dec 2012 Established Ishin SG Pte. Ltd. (formerly Bakumatsu Singapore Pte. Ltd.); appointed Director Dec 2012 Established Ishin Group Pte. Ltd. (formerly Bakumatsu Holdings Pte. Ltd.); appointed Director Jan 2014 Appointed Senior Managing Director, GMO Venture Tsushin Startup Support Co., Ltd. (current) Jul 2015 Established Ishin USA, Inc.; appointed Director Nov 2015 Appointed Director, Ishin Global Fund I Limited
1979-01-05
Taishi NISHINAKA
Representative Director, President
Apr 2011 Joined Sumitomo Mitsui Banking Corporation Sep 2015 Joined Ishin USA, Inc. Jan 2017 Transferred to the Company Jun 2023 Appointed Director of the Company Apr 2025 Appointed Representative Director, President of the Company (current) Apr 2026 Appointed CEO, Ishin USA, Inc. (current)
1988-06-23
Kei YOSHIKAWA
Director
Apr 2005 Joined Oracle Corporation Japan Mar 2007 Joined Recruit Co., Ltd. Oct 2012 Transferred to Recruit Career Co., Ltd. Apr 2015 Transferred to Recruit Lifestyle Co., Ltd. Oct 2016 Transferred to Recruit Marketing Partners Co., Ltd. Mar 2018 Joined the Company Apr 2019 Appointed General Manager, Public-Private Co-creation Business Division of the Company Oct 2020 Appointed Executive Officer of the Company Apr 2025 Appointed Executive Officer and General Manager, Corporate Headquarters of the Company (current) Apr 2025 Appointed Director, Ishin Global Fund I Limited (current) Apr 2025 Appointed Director, Ishin USA, Inc. (current) Jun 2025 Appointed Director of the Company (current) May 2026 Appointed Representative Director, OK Junction Co., Ltd. (current)
1981-10-29
Mai TANAKA
Director, Audit and Supervisory Committee Member
Dec 2005 Joined Azsa LLC Oct 2020 Appointed Full-time Audit & Supervisory Board Member, AIGATE Corporation Sep 2021 Joined Rarejob Inc. Apr 2023 Established Mai Tanaka CPA Office, Representative (current) Sep 2023 Appointed Outside Director of the Company Jun 2024 Appointed Full-time Audit & Supervisory Board Member of the Company (current) Mar 2025 Appointed Representative Director, EnHo Co., Ltd. (current) Jun 2025 Appointed Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1983-02-14
Shoai KAKU
Director, Audit and Supervisory Committee Member
Apr 2002 Joined Mitsui & Co., Ltd. Jun 2007 Joined Trenders Inc. Jun 2010 Appointed Director, Trenders Inc. Apr 2020 Established Tasuki LLC; appointed Representative Member (current) Jun 2020 Appointed Full-time Audit & Supervisory Board Member, Trenders Inc. (current) Jun 2024 Appointed Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1978-07-29
Hideshi IWAKI
Director, Audit and Supervisory Committee Member
Apr 2007 Joined Jafco Co., Ltd. Aug 2010 Joined PikuMedia Inc. Feb 2012 Appointed Representative Director, Beans Inc. Sep 2017 Appointed Representative Director, Blue Partners Inc. (current) Jun 2025 Appointed Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1980-10-09
Large Shareholding Reports
Bright Stone Co., Ltd.
2026-05-25
41.30%→39.32%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Bright Stone Co., Ltd.
2026-05-22
41.30%→39.32%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-05-25
Change Report
EDINET
2026-05-22
Large Shareholding Report
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-11-14
Amended Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnetAmended
2025-11-14
Q1 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-11-14
Amended Securities Registration Statement
EDINETAmended
2025-11-14
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2025-11-14
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2024-03-13
Amended Securities Registration Statement
EDINETAmended
2024-03-05
Amended Securities Registration Statement
EDINET
2024-02-20
Securities Registration Statement
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