Overview
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SORACOM,INC.

SORACOM operates an IoT platform business, providing a one-stop suite of services including IoT SIMs, cellular/LPWA connectivity, data storage, visualization, cloud integration, remote access, and closed network solutions under the 'SORACOM' platform. As a cloud-native MVNO procuring network capacity from MNOs such as KDDI and NTT Docomo, the company builds its mobile core entirely in software on the cloud, enabling cost-competitive pricing and rapid scalability from a single SIM connection. The platform serves a wide range of customers—from startups to large enterprises—across verticals such as smart metering, shared mobility, smart factories, remote healthcare, and surveillance, supported by a growing ecosystem of certified partner companies in Japan and internationally.

Market Cap
¥42.4B
US$271M
EV
¥34.2B
US$218M
Stock¥928▼-1.28%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
28.0
x
LTM EV/EBIT
35.3
x
LTM PER
61.5
x
LTM PBR
3.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-19.8%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 13, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
42.4BUS$271MMarket Cap0.70BUS$4.46M+ Debt9.26BUS$59.0M− Cash0.05BUS$0.32M− Inv. Sec.0.39BUS$2.48M+ NCI34.2BUS$218MEV
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Performance & Balance
Revenue 5Y (¥B)
5.45US$34.8M'22/36.30US$40.2M'23/37.93US$50.6M'24/38.99US$57.4M'25/312.4US$79.2M'26/3
EBITDA 5Y (¥B)
0.81US$5.19M'24/30.77US$4.93M'25/31.10US$7.01M'26/3
Net Income 5Y (¥B)
0.34US$2.15M'22/30.07US$0.45M'23/30.49US$3.09M'24/30.35US$2.24M'25/30.63US$4.02M'26/3
Capital Structure
94%
EquityD/E 0.06xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
'22/30.20US$1.26M'23/37.90US$50.4M0.03US$0.16M'24/39.08US$57.9M0.95US$6.06M'25/39.32US$59.4M0.77US$4.89M'26/3
Shareholders
Top 10 hold 77.8%
1
KDDI CORPORATION
42.13%
2
WiL Ventures III, L.P. (Standing Proxy: Mizuho Securities Co., Ltd.)
7.15%
3
Ken TAMAGAWA
6.54%
4
Daichi FUNATO
6.44%
5
Custody Bank of Japan, Ltd. (Trust Account)
4.57%
6
Kenta YASUKAWA (Standing Proxy: Mizuho Securities Co., Ltd.)
2.48%
7
THE BANK OF NEW YORK 133652 (Standing Proxy: Mizuho Bank, Ltd.)
2.19%
8
SECOM CO.,LTD.
2.11%
9
SONY GROUP CORPORATION
2.11%
10
NIPPON GAS CO.,LTD.
2.11%
Management
7 officers
Ken TAMAGAWA
Representative Director, President and CEO
Apr 2000 Joined Nihon IBM Co., Ltd. Sep 2010 Joined Amazon Data Services Japan K.K. Nov 2014 Founded Vi-Connex Inc. (current Company); assumed office as Representative Director, President (current) Concurrent position: Director, Soracom Global, Inc.
1976-01-10
Kenta YASUKAWA
Managing Director, CTO
Apr 2008 Joined Ericsson Japan K.K. Jun 2012 Joined Amazon Data Services Japan K.K. Feb 2015 Assumed office as Director of the Company Aug 2017 Assumed office as Managing Director of the Company (current) Concurrent position: CEO, Soracom Global, Inc.
1980-08-11
Kazuhiro NOGUCHI
Director
Apr 2000 Joined KDD Corporation (currently KDDI Corporation) Oct 2019 General Manager, 5G/IoT Service Planning Department, Service Planning and Development Headquarters, Solutions Business Division, KDDI Apr 2023 General Manager, DX Service Strategy Department, DX Promotion Headquarters, Solutions Business Division, KDDI Apr 2024 Deputy General Manager, Product Headquarters, Business Division, and Deputy General Manager, Open Innovation Promotion Headquarters, KDDI Nov 2024 Assumed office as Outside Director, Ecomott Inc. (current) Oct 2025 Deputy General Manager, Product Headquarters, Business Division; Deputy General Manager, Business Innovation Headquarters; and Deputy General Manager, Open Innovation Promotion Headquarters, KDDI Apr 2026 Deputy General Manager, Growth Business Development Headquarters, Business Growth Division, KDDI (current)
Akiyoshi IRIYAMA
Director (Audit and Supervisory Committee Member)
Apr 1998 Joined Mitsubishi Research Institute, Inc. Sep 2008 Assistant Professor, School of Management, State University of New York at Buffalo Sep 2013 Associate Professor, Waseda University Graduate School of Business May 2016 Outside Director, Macromill, Inc. Apr 2019 Professor, Waseda University Graduate School of Business (current) Jun 2019 Outside Director, Rohto Pharmaceutical Co., Ltd. (current) Jun 2020 Outside Director, Sanoh Industrial Co., Ltd. (current) Dec 2020 Outside Director, Septeni Holdings Co., Ltd. (current) Jun 2021 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Concurrent positions: Professor, Waseda University Graduate School of Business; Outside Director, Rohto Pharmaceutical Co., Ltd.; Outside Director, Sanoh Industrial Co., Ltd.; Outside Director, Septeni Holdings Co., Ltd.
1972-12-08
Gen ISAYAMA
Director (Audit and Supervisory Committee Member)
Apr 1997 Joined Nippon Kogyo Ginko (currently Mizuho Bank, Ltd.) Sep 2003 Partner, DCM Ventures Aug 2013 Representative Director, WiL, Inc. (current) Jul 2013 General Partner & CEO, World Innovation Lab (current) Oct 2016 Outside Director, Intertrust Technologies Corporation (current) Jun 2017 Outside Director, BlueLab Inc. (current) Jun 2021 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Apr 2023 Outside Director, Mizuho Innovation Frontier Co., Ltd. (current) Sep 2023 Outside Director, UPSIDER Inc. (current) Concurrent positions: General Partner & CEO, World Innovation Lab; Representative Director, WiL, Inc.; Outside Director, Intertrust Technologies Corporation; Outside Director, BlueLab Inc.; Outside Director, Mizuho Innovation Frontier Co., Ltd.; Outside Director, UPSIDER Inc.
1973-02-26
Seigo FUKUHARA
Director (Audit and Supervisory Committee Member)
Apr 1987 Joined Kokusai Denshin Denwa Co., Ltd. (currently KDDI Corporation) Apr 2011 President, KDDI France Apr 2012 President, KDDI Germany Apr 2014 Chairman, KDDI France Apr 2015 Deputy General Manager, Solutions Sales Headquarters, Solutions Business Division, KDDI Apr 2019 Executive Officer and Deputy General Manager, Solutions Sales Headquarters, Solutions Business Division, KDDI Apr 2021 President, KDDI Europe Mar 2024 Resigned from KDDI Apr 2024 Advisor to the Company May 2024 Director (Audit and Supervisory Committee Member) of the Company (current)
1963-10-24
Mio TAKAOKA
Director (Audit and Supervisory Committee Member)
Jul 1999 Joined Goldman Sachs Securities Co., Ltd. Jul 2002 Vice President, Tokyo Branch, Morgan Stanley Securities Co., Ltd. (currently Morgan Stanley MUFG Securities Co., Ltd.) Apr 2006 Senior Vice President and General Manager, Capital Markets Department, Investment Banking Division, Lehman Brothers Securities Co., Ltd. Jan 2009 Executive Officer and General Manager, New Business Planning Office, Monex Group, Inc.; Director, Monex Ventures Co., Ltd. Sep 2017 CFO and Director, Medical Note Inc.; Partner, Arbor Ventures Dec 2020 Outside Director, Septeni Holdings Co., Ltd. (current) Mar 2021 Outside Director, KAYAC Inc. Apr 2021 Partner, DNX Ventures Dec 2021 Outside Director, HENNGE K.K. (current) Mar 2022 Outside Director, Dentsu Soken Inc. (current)
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-12
Q1 Earnings Flash
FY ending Mar 2027
TDnet
2026-07-07
株主総会招集通知
FY ending Mar 2026
EDINET
2026-06-30
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
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
EDINETAmended
2024-03-14
Amended Securities Registration Statement
EDINETAmended
2024-03-06
Amended Securities Registration Statement
EDINET
2024-02-20
Securities Registration Statement
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