Overview
Construction

EXEO Group,Inc.

EXEO Group is a leading Japanese engineering and IT solutions company operating through two core segments: Engineering Solutions and System Solutions. The Engineering Solutions segment covers construction and maintenance of telecommunications infrastructure for NTT Group and other carriers, as well as urban infrastructure projects including electrical, HVAC, civil engineering, and environmental plant works for municipalities, railways, data centers, and private enterprises. The System Solutions segment provides system integration and network integration services—including system construction, maintenance, server/LAN design, and internet environment deployment—primarily to telecommunications carriers, financial institutions, and manufacturers.

Market Cap
¥523B
US$3.33B
EV
¥551B
US$3.51B
Stock¥2,572▼-0.83%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
7.9
x
LTM EV/EBIT
9.6
x
LTM PER
15.3
x
LTM PBR
1.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-5.5%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
523BUS$3.33BMarket Cap126BUS$803M+ Debt52.2BUS$332M− Cash50.6BUS$322M− Inv. Sec.4.96BUS$31.6M+ NCI551BUS$3.51BEV
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Performance & Balance
Revenue 5Y (¥B)
595US$3.79B'22/3628US$4.00B'23/3614US$3.91B'24/3671US$4.27B'25/3788US$5.02B'26/3
EBITDA 5Y (¥B)
49.8US$317M'22/341.3US$263M'23/344.3US$282M'24/353.9US$343M'25/364.8US$413M'26/3
Net Income 5Y (¥B)
27.8US$177M'22/322.2US$142M'23/320.1US$128M'24/326.9US$171M'25/331.0US$198M'26/3
Capital Structure
73%
27%
EquityD/E 0.37xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
89.1US$568M78.8US$502M'22/384.3US$537M112US$716M'23/383.7US$533M102US$652M'24/372.5US$462M134US$852M'25/377.4US$493M142US$903M'26/3
Shareholders
Top 10 hold 45.5%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
16.90%
2
Custody Bank of Japan, Ltd. (Trust Account)
9.50%
3
EXEO Group,Inc. Employee Stock Ownership Association
5.65%
4
BBH(LUX) FOR FIDELITY FUNDS - JAPAN ADVANTAGE POOL (Standing Proxy: MUFG Bank, Ltd.)
3.23%
5
Sumitomo Life Insurance Company
2.37%
6
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.84%
7
Custody Bank of Japan, Ltd. (Mitsui Sumitomo Trust Retirement Benefit Trust Account)
1.80%
8
株式会社日本カストディ銀行(三井住友信託銀行再信託分・住友電気工業株式会社退職給付信託口)
1.47%
9
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.41%
10
GOVERNMENT OF NORWAY (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.37%
Management
18 officers
Tetsuya FUNABASHI
Representative Director, Chairman
Jun 2010 Director, Head of Customer Service Department, NTT Communications Corporation (now NTT Docomo Business, Inc.) Jun 2014 Representative Director, Executive Vice President, NTT Communications Corporation Aug 2016 Representative Director, Executive Vice President, Head of Customer Service Department, NTT Communications Corporation Jun 2017 Representative Director, Executive Vice President, NTT Communications Corporation Jun 2018 Representative Director, Executive Vice President, the Company Jun 2019 Representative Director, President, the Company Jun 2023 Representative Director, Chairman, The Information and Communications Engineering Association Jun 2025 Representative Director, Chairman, the Company (current)
1956-12-09
Keigo KAJIMURA
Representative Director, President
Jul 2009 Head of Integrated Customer Service Department, Network Business Division, NTT Communications Corporation (now NTT Docomo Business, Inc.) Jun 2012 Head of Systems Department, NTT Communications Corporation Jun 2015 Head of Solution Service Department, NTT Communications Corporation Jun 2017 Director, Head of Solution Service Department, NTT Communications Corporation Apr 2020 Director, Head of Solution Service Department, Business Solutions Division, NTT Communications Corporation Jun 2020 Representative Director, President, NTT COM Engineering Corporation (now NTT Docomo Business Engineering, Inc.) Jun 2022 Representative Director, Executive Vice President, Executive Officer, Head of Platform Service Division, NTT Communications Corporation (now NTT Docomo Business, Inc.) Jun 2024 Representative Director, Executive Vice President, the Company Jun 2025 Representative Director, President, the Company (current)
1965-03-20
Noriyuki WATABE
Director, Senior Managing Executive Officer, Segment Head of Urban Infrastructure; Head of Electric, Environment and Smart Energy Business Division
Sep 1985 Joined the Company Jun 2017 Executive Officer, Head of Corporate Sales Department, Electric Business Division, and Head of Public Sales Department, Electric and Environment Business Division, the Company Jul 2017 Executive Officer, Deputy Head of Electric Business Division, Electric and Environment Business Division, the Company Jun 2019 Managing Executive Officer, Head of Electric and Environment Business Division, and Head of Electric Business Division, the Company Jun 2020 Senior Managing Executive Officer, Head of Electric and Environment Business Division, the Company Apr 2022 Senior Managing Executive Officer, Head of Electric, Environment and Smart Energy Business Division, the Company Jun 2022 Director, Senior Managing Executive Officer, Head of Electric, Environment and Smart Energy Business Division, the Company Jun 2025 Director, Senior Managing Executive Officer, Segment Head of Urban Infrastructure; Head of Electric, Environment and Smart Energy Business Division, the Company (current)
1958-07-28
Fumitoshi IMAIZUMI
Director, Managing Executive Officer, Head of Global Business Division; Representative Director, President, EXEO GLOBAL Pte. Ltd.
Jul 2014 Head of Data Center Services Department, Cloud Services Department, NTT Communications Corporation (now NTT Docomo Business, Inc.) Jul 2017 Deputy Head of Sales Division, ICT Solutions Business Division, and Deputy Head of Solution Promotion Division, the Company Jul 2018 Head of Solution Promotion Division, ICT Solutions Business Division, and Deputy Head of Sales Division, the Company Dec 2018 Representative Director, President, EXEO GLOBAL Pte. Ltd. (current) Apr 2019 Head of Global Business Division, ICT Solutions Business Division, the Company Jun 2019 Executive Officer, Head of Global Business Division, ICT Solutions Business Division, the Company Jun 2021 Managing Executive Officer, Head of Global Business Division, ICT Solutions Business Division, the Company Jun 2022 Director, Managing Executive Officer, Head of Global Business Division, ICT Solutions Business Division, the Company Jul 2022 Director, Managing Executive Officer, Head of Global Business Division, the Company (current)
1963-12-31
Shigeki HAYASHI
Director, Managing Executive Officer, General Manager of Finance Department and General Manager of Corporate Planning Department; CFO (Chief Financial Officer)
Jun 2016 Head of Corporate Planning Division and Head of Career Relations Division, Global Business Promotion Department, NTT Communications Corporation (now NTT Docomo Business, Inc.) Jul 2019 Head of Corporate Planning Division, NTT Limited Japan Corporation Jul 2021 Management Officer, Group Business Promotion Department, the Company Jun 2022 Executive Officer, General Manager of Finance Department, CFO, the Company Jun 2023 Director, Executive Officer, General Manager of Finance Department, CFO, the Company Jun 2024 Director, Managing Executive Officer, General Manager of Finance Department, CFO, the Company Jun 2025 Director, Managing Executive Officer, General Manager of Finance Department and General Manager of Corporate Planning Department, CFO, the Company (current)
1967-06-22
Koji TANAKA
Director, Managing Executive Officer, Representative of Western Japan Head Office; General Manager of Kansai Branch
Jun 2018 General Manager of Interconnection Promotion Department, Facilities Division, West Nippon Telegraph and Telephone Corporation (now NTT West Corporation) Jun 2021 Executive Officer, General Manager of Interconnection Promotion Department, Facilities Division, NTT West Corporation Jun 2023 Managing Executive Officer, Representative of Western Japan Head Office, Deputy General Manager of Kansai Branch, Deputy Head of Communications Business Division, and Deputy Head of Solution Business Division, the Company Jul 2023 Managing Executive Officer, Representative of Western Japan Head Office, Deputy General Manager of Kansai Branch, Deputy Head of Communications Business Sales Division, Head of Public Sales Division, Communications Business Sales Division, and Deputy Head of Solution Business Division, the Company Apr 2024 Managing Executive Officer, Representative of Western Japan Head Office, and General Manager of Kansai Branch, the Company Jun 2024 Director, Managing Executive Officer, Representative of Western Japan Head Office, and General Manager of Kansai Branch, the Company (current)
1968-05-28
Koichi MAEDA
Director, Managing Executive Officer, Segment Head of System Solutions; Head of Solution Business Division; Representative Director, President, Exeo Digital Solutions Co., Ltd.
Aug 2014 Head of Planning Department, ICT Consulting Division, NTT Communications Corporation (now NTT Docomo Business, Inc.) Jul 2019 Deputy Head of Sales Division, ICT Solutions Business Division, the Company Oct 2019 Head of Digital Consulting Division, Business Solutions Division, the Company Jun 2021 Executive Officer, Head of Digital Consulting Division, Business Solutions Division, the Company Jul 2022 Executive Officer, Head of Digital Consulting Division, Solution Business Division, the Company; Director, Executive Officer, Head of Digital Consulting Division, Exeo Digital Solutions Co., Ltd. Jun 2023 Managing Executive Officer, Head of Digital Consulting Division, Solution Business Division, the Company Jun 2024 Managing Executive Officer, Head of Solution Business Division, and Head of Digital Consulting Division, the Company; Representative Director, President, Exeo Digital Solutions Co., Ltd. Jun 2025 Director, Managing Executive Officer, Segment Head of System Solutions; Head of Solution Business Division, and Head of Digital Consulting Division, the Company; Representative Director, President, Exeo Digital Solutions Co., Ltd. Jul 2025 Director, Managing Executive Officer, Segment Head of System Solutions; Head of Solution Business Division, the Company (current); Representative Director, President, Exeo Digital Solutions Co., Ltd. (current)
1965-10-22
Masaki KOBAYASHI
Director, Managing Executive Officer, Head of Civil Engineering Business Division
Jul 2019 Director, Head of Smart Infra Promotion Office, NTT Infranet Co., Ltd. (now NTT Infranet Co., Ltd.) Jun 2023 Managing Director, Head of Smart Infra Promotion Department and Head of Solution Business Promotion Division, NTT Infranet Co., Ltd. Jun 2024 Managing Executive Officer, Head of Civil Engineering Business Division, the Company Jun 2025 Director, Managing Executive Officer, Head of Civil Engineering Business Division, the Company (current)
1966-01-14
Yasushi OHARA
Director
Jun 2007 Managing Officer, Toyota Motor Corporation Jun 2011 Representative Director, President, Toyota Tokyo Corolla Co., Ltd. Jun 2015 Representative Director, President, Osaka Toyota Motor Co., Ltd. Jun 2018 Director, the Company (current)
1953-06-29
Naoko IWASAKI
Director
Apr 2017 Professor, Waseda University, Institute of e-Government and Local Government Research Apr 2017 Chairperson, Japan CIO Association (NPO) (current) Apr 2017 Advisory Committee Member, ARISE, Nanyang Technological University, Singapore Sep 2018 Member, Study Group on Standardization of Business Processes and Systems in Local Governments and Utilization of AI and Robotics, Ministry of Internal Affairs and Communications Jan 2019 Chair, APEC Smart Silver Innovation Committee (current) Jun 2019 Outside Director, ITOCHU Techno-Solutions Corporation Jun 2019 Director, the Company (current) Sep 2019 Member, Policy Evaluation Council, Ministry of Internal Affairs and Communications (current) Apr 2021 Expert Member, Official Document Management Committee, Cabinet Office (current) Jan 2022 Member, Local Government System Research Council, Cabinet Office Nov 2023 Research Professor, Waseda University, Institute of e-Government and Local Government Research (current) Apr 2025 Member, Digital Society Concept Council, Digital Agency (current) Jun 2025 Part-time Director, Local Government Information Systems Organization (current) Jan 2026 Member, Local Government System Research Council, Cabinet Office (current) Jan 2026 Member, Digital and Cybersecurity Working Group, Japan Growth Strategy Council (current)
1975-05-30
Tatsushi MOCHIZUKI
Director
Jul 2006 Vice Governor, Mie Prefecture Oct 2008 Senior Councilor, Minister's Secretariat, Ministry of Internal Affairs and Communications Jan 2010 Deputy Director-General, Regional Sovereignty Strategy Office, Cabinet Office Sep 2012 Director-General, Local Administration Bureau, Ministry of Internal Affairs and Communications Sep 2013 Adviser, Nippon Life Insurance Company Apr 2014 Vice President, Local Government Information Systems Organization Sep 2017 President, Fire and Disaster Management Science Center Foundation Aug 2019 Secretary General, National Association of Town and Village Assembly Chairpersons Jun 2020 Director, the Company (current) May 2024 President, Administrative Scrivener Examination Research Center Foundation (current)
1956-04-19
Yoshiji YOSHIDA
Director
Apr 2013 Director, Managing Executive Officer, Head of Urban Environment Division, JFE Engineering Corporation Apr 2014 Representative Director, Managing Executive Officer, Head of Urban Environment Division, JFE Engineering Corporation Apr 2016 Representative Director, Executive Vice President, JFE Engineering Corporation May 2017 Chairman, Japan Water Pipe and Steel Association Apr 2020 Adviser, JFE Engineering Corporation Jun 2021 Director, the Company (current)
1953-11-23
Tomoko ARAMAKI
Director
Oct 1991 Joined Century Audit Corporation (now EY ShinNihon LLC) Mar 1995 Registered as Certified Public Accountant Jul 1999 Seconded to Regional Cooperation Division, Trade Policy Bureau, Ministry of International Trade and Industry May 2002 Joined IBM Japan, Ltd. Feb 2006 Head, Aramaki Certified Public Accountant Office (current) Apr 2006 Registered as Certified Tax Accountant Jun 2008 Audit & Supervisory Board Member, Sanjo Holdings Co., Ltd. (now Parimiki Holdings Co., Ltd.) Jun 2015 Director in charge of IR, Parimiki Holdings Co., Ltd. Dec 2015 Outside Audit & Supervisory Board Member, Sacos Corporation Apr 2018 Expert Member, Advisory Committee for Postal Savings, Simple Life Insurance and Post Office Network Support Organization Jun 2018 Audit & Supervisory Board Member, the Company Mar 2022 Outside Director, Fuji Soft Inc. Jan 2023 Member, Information and Communications Council, Ministry of Internal Affairs and Communications (current) Jun 2023 Director, the Company (current) Jun 2023 Outside Director (Audit and Supervisory Committee Member), TRE Holdings Co., Ltd. (current) Jun 2024 Outside Director (Audit and Supervisory Committee Member), Astellas Pharma Inc. (current) Apr 2025 Member, Expert Committee on Evaluation of Independent Administrative Institutions, Ministry of Health, Labour and Welfare (current) Jul 2025 Expert Member, Market Verification Committee, Telecommunications Business Subcommittee, Information and Communications and Postal Administration Council, Ministry of Internal Affairs and Communications (current)
1968-11-07
Shigehiko YAMADA
Full-time Audit & Supervisory Board Member
Apr 1987 Joined the Company Jun 2020 Executive Officer, Head of Tokai Branch, the Company Jun 2021 Executive Officer, General Manager of Human Resources Department, the Company Jun 2024 Full-time Audit & Supervisory Board Member, the Company (current)
1963-11-23
Yoshikazu MITSUYAMA
Full-time Audit & Supervisory Board Member
Jun 2013 General Manager of Office Sales Department, Business & Office Business Promotion Division, East Nippon Telegraph and Telephone Corporation (now NTT East Corporation) Jun 2014 Director, Deputy Head of Business & Office Sales Promotion Division, and General Manager of Office Sales Department, Business & Office Division, NTT East Corporation Jun 2016 Managing Executive Officer, Head of Communications Business Division, the Company Jun 2017 Director, Managing Executive Officer, Head of Communications Business Division, the Company Jun 2019 Director, Managing Executive Officer, General Manager of Group Business Promotion Department, the Company Jun 2025 Full-time Audit & Supervisory Board Member, the Company (current)
1959-10-06
Eiko OSAWA
Audit & Supervisory Board Member
Oct 1989 Joined Asahi Shinwa Auditing Company (now Azsa LLC) Jun 1993 Joined Ota Showa Audit Corporation (now EY ShinNihon LLC) Aug 1993 Registered as Certified Public Accountant Aug 2005 Seconded as Senior Research Fellow, Accounting Standards Board of Japan Oct 2006 Seconded as Visiting Research Fellow, International Accounting Standards Board Jul 2008 Partner, Shin Nihon LLC (now EY ShinNihon LLC) Jul 2021 Representative, Osawa Certified Public Accountant Office (current) Sep 2021 Registered as Certified Tax Accountant Nov 2021 Supervisory Officer, Mitsui Fudosan Logistics Park Investment Corporation (current) Jun 2023 Audit & Supervisory Board Member, the Company (current) Jun 2024 Outside Director (Audit and Supervisory Committee Member), Nintendo Co., Ltd. (current) May 2026 Outside Director, J. Front Retailing Co., Ltd. (current)
1963-02-27
Akira HARASHIMA
Audit & Supervisory Board Member
Apr 2014 Executive Officer, General Manager of Corporate Planning Department, Tokio Marine Holdings, Inc. Apr 2015 Executive Officer, Tokio Marine Holdings, Inc. Apr 2016 Managing Executive Officer, Tokio Marine Holdings, Inc. Apr 2019 Senior Managing Executive Officer, Tokio Marine Holdings, Inc. Jun 2019 Senior Managing Director, Tokio Marine & Nichido Fire Insurance Co., Ltd. Jun 2019 Senior Managing Director (Representative Director), Tokio Marine Holdings, Inc. Apr 2022 Deputy President (Representative Director), Tokio Marine Holdings, Inc. Apr 2022 Deputy President, Tokio Marine & Nichido Fire Insurance Co., Ltd. Jun 2023 Senior Adviser, Tokio Marine Holdings, Inc. Jun 2024 Full-time Audit & Supervisory Board Member, Tokio Marine Holdings, Inc. (current) Jun 2024 Audit & Supervisory Board Member, the Company (current)
1960-11-19
Yukako OSHIMI
Audit & Supervisory Board Member
Oct 2002 Registered as Attorney-at-Law Oct 2002 Joined Nagashima Ohno & Tsunematsu Apr 2011 Seconded to Ricoh Company, Ltd. Sep 2014 Partner Attorney, Shibata Suzuki Nakata Law Office (now LBX Law Office) (current) Jun 2015 Outside Audit & Supervisory Board Member, JP Holdings, Inc. Mar 2019 Outside Audit & Supervisory Board Member, Fuji Soft Inc. Jun 2019 Outside Audit & Supervisory Board Member, Kureha Corporation Dec 2020 Outside Audit & Supervisory Board Member, CMK Corporation Nov 2021 Supervisory Officer, Orix Real Estate Investment Corporation Jan 2022 Outside Audit & Supervisory Board Member, Prored Partners Inc. Jan 2024 Outside Director (Audit and Supervisory Committee Member), Prored Partners Inc. (current) Jun 2025 Audit & Supervisory Board Member, the Company (current) Jun 2025 Outside Audit & Supervisory Board Member, JEOL Ltd. (current) Jun 2025 Outside Audit & Supervisory Board Member, INCJ, Ltd. (current) Nov 2025 Executive Officer, Orix Real Estate Investment Corporation (current)
1976-08-11
Large Shareholding Reports
Asset Management One Co., Ltd.
2026-04-07
3.38%
Fidelity Investment Trust Company, Limited
2026-03-23
5.26%→6.35%
Fidelity Investments Japan Limited
2026-01-09
5.26%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
3.01%→3.48%
Silchester International Investors LLP
2025-07-15
5.97%→4.94%
Silchester International Investors LLP
2025-06-10
6.98%→5.97%
Silchester International Investors LLP
2025-04-15
8.04%→6.98%
Silchester International Investors LLP
2025-03-21
8.25%→8.04%
Silchester International Investors LLP
2025-03-03
9.26%→8.25%
Silchester International Investors LLP
2024-06-17
8.26%→9.26%
Silchester International Investors LLP
2023-08-16
7.21%→8.26%
Silchester International Investors LLP
2023-06-22
6.15%→7.21%
Silchester International Investors LLP
2023-06-09
5.06%→6.15%
Silchester International Investors LLP
2023-04-27
5.06%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINETAmended
2026-06-26
Amended Securities Registration Statement
EDINET
2026-06-25
Securities Registration Statement
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-05-29
株主総会招集通知
EDINET
2026-05-13
中期経営計画
EDINET
2026-04-07
Large Shareholding Report
EDINET
2026-03-23
Large Shareholding Report
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-09
Large Shareholding Report
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-07-15
Large Shareholding Report
EDINETAmended
2025-06-26
Amended Securities Registration Statement
EDINET
2025-06-25
Securities Registration Statement
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-06-10
Large Shareholding Report
EDINET
2025-04-15
Large Shareholding Report
EDINET
2025-03-21
Large Shareholding Report
EDINET
2025-03-03
Large Shareholding Report
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
EDINETAmended
2024-06-27
Amended Securities Registration Statement
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-06-26
Securities Registration Statement
EDINET
2024-06-17
Large Shareholding Report
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
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