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Overview

Will Smart Co.,LTD.

Will Smart is a mobility-focused technology company that provides DX solutions to transportation, logistics, and public sector clients in Japan. Its core offerings include the 'Will-MoBi' mobility DX platform, custom software and IoT system development, digital signage information distribution, cloud migration services, car-sharing/rental vehicle management systems, and AI/data science services. The company differentiates through deep mobility industry expertise, direct client engagement, and end-to-end capabilities spanning consulting, development, and post-delivery maintenance.

Market Cap

¥1.32B

US$8.43M

¥1.14B

US$7.30M

Stock¥613▲+1.16%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

LTM EV/EBIT

LTM PER

LTM PBR

4.6

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-61.4%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

MC → EV Bridge

AI Briefing

Generating insights…

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

43%

57%

EquityD/E 1.32xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 72.8%

as of 2026-06-30 · Source: Annual Securities Report

ZENRIN CO.,LTD.

54.07%

Senyo Kogyo Co., Ltd.

6.90%

Katsuhiko MURAOKA

3.36%

ENEOS Corporation

2.13%

SBI SECURITIES Co., Ltd.

2.10%

Japan Securities Finance Co.,Ltd.

1.03%

OKAYA&CO.,LTD.

1.02%

Yasuhiro ISHII

1.00%

Rakuten Securities, Inc.

0.60%

JPMorgan Securities Japan Co., Ltd.

0.60%

Management

7 officers

Yasuhiro ISHII

Representative Director, President, CEO

Apr 2006 Joined Rakuten, Inc. (current Rakuten Group, Inc.) Jan 2011 Joined Sammy Networks Co., Ltd. Oct 2011 Joined Zenrin Datacom Co., Ltd. Apr 2013 Director of the Company Apr 2016 Representative Director, President of the Company (current)

1978-08-05

Shoji NUNOME

Director, Executive Vice President, COO

Apr 1995 Joined Sakura Bank, Ltd. (current Sumitomo Mitsui Banking Corporation) Mar 2006 Joined Rakuten, Inc. (current Rakuten Group, Inc.) Oct 2022 Joined the Company Apr 2023 Executive Officer, Head of Corporate Headquarters of the Company Jun 2023 Director, Executive Vice President of the Company (current) Jan 2025 Executive Officer, Head of Sales Headquarters of the Company (current)

1971-02-09

Shota AOKI

Director

Dec 2003 Joined Footwork Express Co., Ltd. (current JP Logistics Co., Ltd.) Dec 2007 Chairman and Representative Director, Kyushu Sankou Unyu Co., Ltd. (subsidiary of the company) Apr 2009 President and Representative Director, Footwork Express Co., Ltd. (current JP Logistics Co., Ltd.) Feb 2015 President and Representative Director, Meiko Shokai Co., Ltd. Jun 2022 Director of the Company (current) Feb 2024 President and Representative Director, Riraku Co., Ltd. (current)

1963-11-25

Toshihiko ADACHI

Outside Director

Apr 2009 General Manager, Customer Marketing Department, Sales Promotion Headquarters, All Nippon Airways Co., Ltd. Jun 2009 Director (concurrent), Bitwallet, Inc. (current Rakuten Edy, Inc.) Apr 2013 Director and Head of Retail Company, ANA Trading Co., Ltd. Apr 2014 Managing Director and Head of Retail Company, ANA Trading Co., Ltd. Apr 2019 Representative Director, Surf Stadium Japan Co., Ltd. (current) Jun 2020 Outside Director of the Company (current)

1954-09-04

Kozo OKUDA

Full-time Audit & Supervisory Board Member

Apr 1986 Joined NEC Corporation Apr 2010 Transferred to Renesas Electronics Corporation Mar 2013 Joined Zenrin Co., Ltd. Apr 2014 General Manager, Corporate Planning Office, Zenrin Co., Ltd. Oct 2014 Director, Zenrin Biznexus Co., Ltd. (current Zenrin Marketing Solutions Co., Ltd.) Jun 2020 Full-time Outside Audit & Supervisory Board Member of the Company (current)

1963-10-09

Hiroyuki TANAKA

Audit & Supervisory Board Member

Oct 1992 Joined Tohmatsu & Co. (current Deloitte Touche Tohmatsu LLC) Apr 1999 Registered as Attorney-at-Law Apr 2001 Registered as Certified Public Accountant Nov 2004 Established Tanaka Law and Accounting Tax Office (current) Jan 2016 Outside Audit & Supervisory Board Member, User Local, Inc. (current) Mar 2017 Outside Audit & Supervisory Board Member, Beplats Co., Ltd. (current) Jun 2020 Outside Audit & Supervisory Board Member of the Company (current)

1970-10-22

Ryo MIZUSAWA

Audit & Supervisory Board Member

Dec 2004 Joined Azsa LLC May 2011 Registered as Certified Public Accountant Aug 2013 Joined Mizusawa Accounting Office (current I-TRAD Tax Accountants Corporation) Feb 2015 Became Managing Partner, I-TRAD Tax Accountants Corporation Aug 2016 Established Ryo Mizusawa, Certified Public Accountant Office (current) Jun 2020 Outside Audit & Supervisory Board Member of the Company (current) Jun 2021 Outside Audit & Supervisory Board Member, NFC Holdings Co., Ltd. (current Hoken Minaoshi Honpo Group)

1975-11-07

Large Shareholding Reports

Senyo Kogyo Co., Ltd.

2026-07-24

6.90%→6.90%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Annual report (as of 2026-06-30): 6.90%

Senyo Kogyo Co., Ltd.

2026-07-24

6.90%

Annual report (as of 2026-06-30): 6.90%

Senyo Kogyo Co., Ltd.

2026-07-14

6.90%→6.90%

Annual report (as of 2026-06-30): 6.90%

Senyo Kogyo Co., Ltd.

2026-06-24

6.90%

Annual report (as of 2026-06-30): 6.90%

Zenrin Co., Ltd.

2026-06-04

44.67%→54.06%

Annual report (as of 2026-06-30): 54.07%

ENEOS Corporation

2026-04-15

5.75%→4.72%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Annual report (as of 2026-06-30): 2.13%

ENEOS Corporation

2026-04-10

5.75%→4.72%

Annual report (as of 2026-06-30): 2.13%

ENEOS Corporation

2026-04-10

—

Annual report (as of 2026-06-30): 2.13%

Yasuhiro ISHII

2025-11-18

6.66%→4.32%

Annual report (as of 2026-06-30): 1.00%

Disclosures

No disclosures

Primary Source Filings

EDINET

2026-08-14

Semi-Annual Securities Report

Period: Jan 2026 – Dec 2026

Will Smart Co.,LTD.

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Will Smart Co.,LTD.

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