Overview
Construction

COMSYS Holdings Corporation

COMSYS Holdings Corporation is a pure holding company heading the COMSYS Group, which provides telecommunications infrastructure engineering, IT solutions, and social systems-related services across Japan. The Group operates through eight core operating subsidiaries—including Nippon COMSYS, Sanwa Comsys Engineering, TOSYS, Tsūken, NDS, SYSKEN, Hokuriku Telephone Construction, and COMSYS Information Systems—supported by 86 subsidiaries and 17 affiliated companies. Its primary customers include major telecommunications carriers, and the Group's competitive strength lies in its nationwide engineering network and integrated service capabilities spanning network construction, IT systems development, and social infrastructure.

Market Cap
¥644B
US$4.10B
EV
¥549B
US$3.49B
Stock¥5,589▼-0.36%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
8.5
x
LTM EV/EBIT
10.2
x
LTM PER
16.5
x
LTM PBR
1.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+21.4%pt
100123
Oct 23, 25 – Oct 23, 26StockTOPIX
1Mar 3, 26Oasis Management Company Ltd. filed large shareholding report
2May 13, 26Oasis Management Company Ltd. changed stake (5.61%→6.32%)
3Aug 26, 26Oasis Management Company Ltd. changed stake (6.32%→7.36%)
MC → EV Bridge
644BUS$4.10BMarket Cap3.79BUS$24.2M+ Debt71.3BUS$454M− Cash34.3BUS$219M− Inv. Sec.7.00BUS$44.6M+ NCI549BUS$3.49BEV
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Performance & Balance
Revenue 5Y (¥B)
589US$3.75B'22/3563US$3.59B'23/3571US$3.64B'24/3615US$3.91B'25/3631US$4.02B'26/3
EBITDA 5Y (¥B)
52.9US$337M'22/342.5US$270M'23/349.9US$317M'24/357.5US$366M'25/362.1US$395M'26/3
Net Income 5Y (¥B)
29.2US$186M'22/319.3US$123M'23/327.5US$175M'24/330.1US$192M'25/336.3US$231M'26/3
Capital Structure
99%
EquityD/E 0.01xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
58.0US$369M32.3US$206M'22/366.8US$425M4.13US$26.3M'23/385.4US$544M4.05US$25.8M'24/370.0US$446M4.22US$26.9M'25/383.6US$532M3.43US$21.8M'26/3
Shareholders
Top 10 hold 48.7%
1
The Master Trust Bank of Japan, Ltd. (Investment Trust Account)
19.79%
2
Custody Bank of Japan, Ltd. (Investment Trust Account)
9.72%
3
The Master Trust Bank of Japan, Ltd. (Other Trust Account)
6.60%
4
Nippon Life Insurance Company
2.80%
5
Custody Bank of Japan, Ltd. (Other Trust Account)
2.08%
6
COMSYS Holdings Corporation Employee Stock Ownership Association
2.07%
7
STATE STREET BANK AND TRUST COMPANY 505001
1.58%
8
JP MORGAN CHASE BANK 385781
1.38%
9
HSBC HONG KONG-TREASURY SERVICES A/C ASIAN EQUITIES DERIVATIVES
1.38%
10
Meiji Yasuda Life Insurance Company
1.34%
Management
11 officers
Hiroshi TANABE
Representative Director, President
Jun 2015 Director, Service Operations Department General Manager, Network Business Promotion Headquarters, and Engineering Department General Manager, Business Promotion Headquarters, Nippon Telegraph and Telephone East Corporation (now NTT East Corporation) Jun 2018 Managing Director, General Manager, Network Business Promotion Headquarters, NTT East Jun 2020 Representative Director, Executive Vice President, General Manager, Digital Innovation Headquarters, NTT East Jun 2022 Executive Officer, Comsys Holdings Corporation Jun 2022 Representative Director, Executive Vice President, Nippon Comsys Co., Ltd. Apr 2023 Representative Director, President, Nippon Comsys Co., Ltd. (current) Jun 2023 Representative Director, Executive Vice President, Comsys Holdings Corporation Apr 2024 Representative Director, President, Comsys Holdings Corporation (current) Concurrent position: Apr 2023 Representative Director, President, Nippon Comsys Co., Ltd.
1962-06-02
Hideyuki NOIKE
Director
Jul 2014 General Manager, Hokkaido Business Division, and General Manager, Hokkaido Branch, Nippon Telegraph and Telephone East Corporation (now NTT East Corporation) Jun 2016 Director, General Manager, Hokkaido Business Division, and General Manager, Hokkaido Branch, NTT East Jun 2017 Director, General Manager, Tokyo Business Division, NTT East Jun 2019 Managing Executive Officer, General Manager, Corporate Planning Department, Nippon Comsys Co., Ltd. Jun 2019 General Manager, Corporate Planning Department, Comsys Holdings Corporation Jun 2020 Director, General Manager, Corporate Planning Department, in charge of DX Promotion, Comsys Holdings Corporation Apr 2021 Managing Executive Officer, General Manager, NTT Business Division, Nippon Comsys Co., Ltd. Jun 2021 Director, in charge of Carrier Business Promotion, TOSYS Co., Ltd., SYSKEN Co., Ltd., and Hokuriku Telephone Construction Co., Ltd., Comsys Holdings Corporation Jun 2023 Director, Managing Executive Officer, General Manager, NTT Business Division and General Manager, DOCOMO Business Division, Nippon Comsys Co., Ltd. Jun 2023 Director, in charge of Business Strategy (Carrier Business), Comsys Holdings Corporation Apr 2024 Director, Managing Executive Officer, General Manager, Telecommunications Infrastructure EX Business Division, Nippon Comsys Co., Ltd. Jun 2024 Director, Senior Managing Executive Officer, General Manager, Telecommunications Infrastructure EX Business Division, Nippon Comsys Co., Ltd. (current) Jun 2025 Director, in charge of Business Strategy (Telecommunications Carrier Business), Comsys Holdings Corporation (current)
1964-02-26
Tamaki ENDO
Director
Jul 2012 General Manager, Facilities Department, Tokyo Branch, Nippon Telegraph and Telephone East Corporation (now NTT East Corporation) Jul 2015 General Manager, Network Solutions Department, Business & Office Sales Promotion Headquarters, NTT East Jun 2019 Director, Deputy General Manager, Business Innovation Headquarters, NTT East Jun 2019 Director, NTT East-Minami Kanto Corporation Jul 2020 Director, NEXTMODE Co., Ltd. Jun 2021 Executive Officer, Deputy General Manager, Business Innovation Headquarters, NTT East Jun 2022 Managing Executive Officer, General Manager, Business Innovation Headquarters, NTT East Jun 2022 Representative Director, President, NTT DX Partners Corporation Jun 2024 Director, Managing Executive Officer, General Manager, Corporate Planning Department, Nippon Comsys Co., Ltd. Jun 2024 General Manager, Corporate Planning Department, Comsys Holdings Corporation Jul 2024 Executive Officer, General Manager, Corporate Planning Department, Comsys Holdings Corporation Jun 2026 Director, Senior Managing Executive Officer, General Manager, IT Business Division, Nippon Comsys Co., Ltd. (current) Jun 2026 Director, in charge of Business Strategy (IT Solutions Business, Social Systems-related Business), Comsys Holdings Corporation (current)
1963-11-22
Toru MASHIMO
Director, General Manager, Finance Department, and Manager, Business Expansion Promotion Office
Jul 2013 General Manager, Planning Department, Tokyo Branch, Nippon Telegraph and Telephone East Corporation (now NTT East Corporation) Jul 2017 General Manager, Interconnection Promotion Department, NTT East Jul 2021 Project Leader, Carrier Business Production Project, Business Development Headquarters, NTT East Jul 2022 Executive Officer, General Manager, Corporate Planning Department, Comsys Holdings Corporation Jul 2022 Executive Officer, General Manager, Corporate Planning Department, Nippon Comsys Co., Ltd. Jun 2023 Director, Executive Officer, General Manager, Corporate Planning Department, Nippon Comsys Co., Ltd. Jun 2023 Director, General Manager, Finance Department, General Manager, Corporate Planning Department, and Manager, Business Expansion Promotion Office, in charge of Corporate Management (Finance, Corporate), Comsys Holdings Corporation Jun 2024 Director, Executive Officer, Nippon Comsys Co., Ltd. (current) Jun 2024 Director, General Manager, Finance Department, and Manager, Business Expansion Promotion Office, in charge of Corporate Management (Finance, Corporate), Comsys Holdings Corporation (current)
1965-02-01
Koichi KAWANA
Director
Apr 1982 Joined JGC Corporation (now JGC Holdings Corporation) Jul 2009 Managing Director, General Manager, Sales Division, JGC Corporation Jun 2010 Representative Director, Executive Vice President, JGC Corporation Jul 2011 Representative Director, President, Chief Operating Officer (COO), JGC Corporation Jun 2017 Director, Vice Chairman, JGC Corporation Jun 2019 Outside Director, Tokyo Electron Device Limited Jun 2019 Outside Director, Bandai Namco Holdings Inc. Jun 2019 Outside Director (Audit and Supervisory Committee Member), Comsys Holdings Corporation Jun 2020 Outside Director, Renova, Inc. Dec 2020 Outside Director, ispace, Inc. (current) Mar 2023 Outside Director, Kubota Corporation (current) Jun 2023 Chairman of the Board (Non-executive, Non-full-time), Renova, Inc. (current) Apr 2026 Visiting Professor, Hitotsubashi University (current) Jun 2026 Outside Director, Eisai Co., Ltd. (current) Jun 2026 Outside Director, Comsys Holdings Corporation (current)
1958-04-23
Atsushi YASUNAGA
Director (Full-time) Audit and Supervisory Committee Member
Apr 1986 Joined Nippon Tsushin Kensetsu Co., Ltd. (now Nippon Comsys Co., Ltd.) Apr 2007 General Manager, Operations Department, Kyushu Branch, Nippon Tsushin Kensetsu Co., Ltd. Apr 2013 General Manager, Human Resources Department, Human Resource Development Division, Nippon Tsushin Kensetsu Co., Ltd. Jul 2017 Executive Officer, Nippon Tsushin Kensetsu Co., Ltd. Jul 2017 Director, General Manager, Business Management Division, Kando Co., Ltd. Jun 2020 Audit & Supervisory Board Member, Nippon Comsys Co., Ltd. (current) Jun 2020 Manager, Audit and Supervisory Committee Office, Comsys Holdings Corporation Jun 2021 Director (Full-time) Audit and Supervisory Committee Member, Comsys Holdings Corporation (current)
1962-05-21
Hiroyuki ASAI
Director, Audit and Supervisory Committee Member
Apr 1980 Joined Sumitomo Metal Mining Co., Ltd. Oct 2008 General Manager, Aomé Plant, Functional Materials Business Division, Sumitomo Metal Mining Co., Ltd. Jun 2012 Executive Officer, General Manager, Human Resources Department, Sumitomo Metal Mining Co., Ltd. Oct 2015 Executive Officer, General Manager, Human Resource Development Department, Sumitomo Metal Mining Co., Ltd. Jun 2017 Managing Executive Officer, General Manager, Public Relations and IR Department, Sumitomo Metal Mining Co., Ltd. Jun 2018 Director, Managing Executive Officer, General Manager, Corporate Planning Department, Sumitomo Metal Mining Co., Ltd. Jun 2019 Director, Senior Managing Executive Officer, General Manager, Corporate Planning Department, Sumitomo Metal Mining Co., Ltd. Jun 2020 Advisor, Sumitomo Metal Mining Co., Ltd. Jun 2021 Outside Director (Audit and Supervisory Committee Member), Comsys Holdings Corporation (current)
1958-02-05
Kyoko ICHIKAWA
Director, Audit and Supervisory Committee Member
Oct 1995 Joined Ohta Showa Audit Corporation (now EY ShinNihon LLC) Apr 1999 Registered as Certified Public Accountant Jul 2003 Joined Tax Accountant Corporation ATO Asset Consulting Office Sep 2003 Registered as Certified Tax Accountant Apr 2011 Head, Ichikawa Certified Public Accountant Office (current) Jan 2012 Joined Toyo Audit Corporation Jul 2021 Representative Partner, Mitsuba Audit Corporation (current) Jun 2023 Outside Director (Audit and Supervisory Committee Member), Comsys Holdings Corporation (current) Jun 2025 Outside Audit & Supervisory Board Member, AZ-COM MARUWA Holdings Inc. (current)
1972-01-30
Masaya HIRANO
Director, Audit and Supervisory Committee Member
Apr 1995 Joined Tokyo Electric Power Company Apr 1999 Registered with Tokyo Bar Association Apr 1999 Joined TMI Associates Mar 2005 Admitted to the New York State Bar Jul 2006 Attorney at Law, TMI Associates (current) Jun 2023 Outside Director (Audit and Supervisory Committee Member), Comsys Holdings Corporation (current)
1972-12-24
Kenzo MORIYAMA
Director, Audit and Supervisory Committee Member
Apr 1982 Joined Asahi Glass Co., Ltd. (now AGC Inc.) Jan 2015 Executive Officer, Group Leader, Management Strategy Group, Corporate Strategy Office, AGC Inc. Jan 2016 Executive Officer, Director, Strategic Planning Office, Corporate Planning Department, AGC Inc. Jan 2018 Managing Executive Officer, General Manager, Corporate Planning Division, AGC Inc. Oct 2019 Managing Executive Officer, President, Electronics Company, AGC Inc. Jun 2021 Chairman, Electric Glass Industries Association Jan 2022 Senior Managing Executive Officer, President, Electronics Company, AGC Inc. Jun 2022 Chairman, Glass Industry Federation Jun 2023 Advisor, Electric Glass Industries Association (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), Comsys Holdings Corporation (current)
1960-01-25
Ritsue MIYASHITA
Director, Audit and Supervisory Committee Member
Apr 1986 Joined JAL Infotec Co., Ltd. Apr 2005 General Manager, Passenger Systems Department, Airline Business Division, JAL Infotec Co., Ltd. Apr 2015 Executive Officer, Airline Business Division, JAL Infotec Co., Ltd. Oct 2018 Director, Brighton Consulting Co., Ltd. Dec 2018 Established Eternalia Co., Ltd., Representative Director (current) Jun 2022 Outside Director, Endo Lighting Corporation Jun 2023 Outside Director, Tokushu Tokai Paper Co., Ltd. (current) Jun 2024 Outside Director (Audit and Supervisory Committee Member), Nitto Fuji Flour Milling Co., Ltd. (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), Comsys Holdings Corporation (current) Concurrent position: Dec 2018 Representative Director, Eternalia Co., Ltd.
1962-05-03
Large Shareholding Reports
BlackRock Japan Co., Ltd.
2026-10-05
2.15%
Oasis Management Company Ltd.
2026-09-15
—
Oasis Management Company Ltd.
2026-08-26
6.32%→7.36%
Amova Asset Management Co., Ltd.
2026-07-22
5.41%→5.11%
Oasis Management Company Ltd.
2026-05-13
5.61%→6.32%
Mitsubishi UFJ Asset Management Co., Ltd.
2026-04-28
3.04%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Mitsubishi UFJ Asset Management Co., Ltd.
2026-04-20
3.04%
Nomura Asset Management Co., Ltd.
2026-04-07
9.70%→10.99%
Amova Asset Management Co., Ltd.
2026-04-06
4.76%→5.41%
Amova Asset Management Co., Ltd.
2026-03-05
4.79%→4.76%
Oasis Management Company Ltd.
2026-03-03
5.61%
Nomura Asset Management Co., Ltd.
2026-01-20
9.76%→9.70%
Nomura Asset Management Co., Ltd.
2025-09-30
9.70%→9.76%
Amova Asset Management Co., Ltd.
2025-09-19
4.60%→4.79%
Nomura Asset Management Co., Ltd.
2025-09-01
9.29%→9.70%
Silchester International Investors LLP
2025-05-08
5.73%→4.68%
Silchester International Investors LLP
2025-03-21
6.09%→5.73%
Silchester International Investors LLP
2025-03-10
7.09%→6.09%
Silchester International Investors LLP
2024-04-04
8.11%→7.09%
Silchester International Investors LLP
2024-02-01
9.19%→8.11%
Silchester International Investors LLP
2023-06-19
8.18%→9.19%
Silchester International Investors LLP
2023-05-15
7.18%→8.18%
Silchester International Investors LLP
2023-02-09
6.13%→7.18%
Silchester International Investors LLP
2023-01-10
5.11%→6.13%
Silchester International Investors LLP
2022-05-18
5.11%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-05
Large Shareholding Report
EDINETAmended
2026-09-15
Change Report
EDINET
2026-08-26
Large Shareholding Report
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-22
Large Shareholding Report
EDINET
2026-06-22
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-13
Large Shareholding Report
EDINETAmended
2026-04-28
Change Report
EDINET
2026-04-20
Large Shareholding Report
EDINET
2026-04-07
Large Shareholding Report
EDINET
2026-04-06
Large Shareholding Report
EDINET
2026-03-05
Large Shareholding Report
EDINET
2026-03-03
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-20
Large Shareholding Report
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-30
Large Shareholding Report
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-09-01
Large Shareholding Report
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-05-08
Large Shareholding Report
EDINET
2025-03-21
Large Shareholding Report
EDINET
2025-03-10
Large Shareholding Report
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-04-04
Large Shareholding Report
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