Overview
Services

Open Up Group Inc.

OpenUp Group Inc. is a holding company providing staffing and outsourcing services across three core segments: Mechanical/Electrical & IT, Construction, and Overseas. The company dispatches engineers specializing in mechanical, electrical, electronics, and IT fields to domestic manufacturers and IT firms, as well as construction site managers and CAD engineers to the domestic construction industry. Additional businesses include disability employment promotion and online programming education.

Market Cap
¥175B
US$1.12B
EV
¥170B
US$1.09B
Stock¥2,065▲+0.05%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.9
x
LTM EV/EBIT
10.2
x
LTM PER
14.8
x
LTM PBR
2.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-1.5%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
175BUS$1.12BMarket Cap18.2BUS$116M+ Debt23.2BUS$148M− Cash0.37BUS$2.33M− Inv. Sec.0.06BUS$0.38M+ NCI170BUS$1.09BEV
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Performance & Balance
Revenue 5Y (¥B)
149US$948M'22/6162US$1.03B'23/6173US$1.10B'24/6188US$1.20B'25/6167US$1.07B'26/6
EBITDA 5Y (¥B)
13.1US$83.6M'22/615.0US$95.7M'23/616.4US$105M'24/618.6US$119M'25/619.1US$121M'26/6
Net Income 5Y (¥B)
6.98US$44.5M'22/69.53US$60.8M'23/611.8US$75.1M'24/612.6US$80.1M'25/611.8US$75.4M'26/6
Capital Structure
81%
19%
EquityD/E 0.23xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
12.4US$79.1M2.11US$13.4M'22/616.1US$103M1.74US$11.1M'23/621.5US$137M7.99US$51.0M'24/620.4US$130M12.7US$80.9M'25/623.2US$148M18.2US$116M'26/6
Shareholders
Top 10 hold 55.2%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
12.40%
2
Hayao NAKAYAMA
9.80%
3
Custody Bank of Japan, Ltd. (Trust Account)
8.50%
4
Amuse Capital Co., Ltd.
7.30%
5
STATE STREET BANK AND TRUST COMPANY 505301 (Standing Proxy: Mizuho Bank, Ltd.)
5.20%
6
BNP PARIBAS LONDON BRANCH FOR PRIME BROKERAGE CLEARANCE ACC FOR THIRD PARTY (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
3.20%
7
Amuse Capital Investment Co., Ltd.
2.80%
8
Yugen Kaisha Shi
2.10%
9
HSCB HONG KONG-TREASURYSERVICES A/C ASIAN EQUITIES DERIVATIVES (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
2.10%
10
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)
1.80%
Management
9 officers
Minoru NISHIDA
Representative Director, Chairman and President & CEO
Apr 1987 Joined Recruit Co., Ltd. Apr 1990 Joined Recruit Seeds Staff Co., Ltd. (now Recruit Staffing Co., Ltd.) Oct 2003 Director, Head of Sales Division, Olifa Inc. Apr 2005 Executive Officer, Recruit Staffing Co., Ltd. Apr 2007 Director, Recruit Staffing Cities Co., Ltd. Apr 2010 Representative Director, Mates Co., Ltd. Apr 2011 Representative Director, Recruit From A Casting Co., Ltd. Apr 2014 Advisor, the Company Sep 2014 Representative Director, President and COO, the Company Jul 2016 Representative Director, President, the Company Mar 2017 Director, Fusion Eye Inc. (now OpenUp IT Engineer Co., Ltd.) Dec 2017 Director, Gap Personnel Holdings Limited Aug 2018 Director, Quattro Recruitment Limited Jul 2019 Representative Director, Beanx Technologies Co., Ltd. (now OpenUp Next Engineer Co., Ltd.) Apr 2021 Representative Director, Chairman, the Company Jul 2021 Representative Director, Chairman and CEO, the Company Jun 2025 Outside Director, MS-Japan Co., Ltd. (current) Jul 2025 Representative Director, Chairman and President & CEO, the Company (current)
1963-03-17
Hiroshi SATO
Director, CFO
Apr 1979 Joined NEC Corporation May 2002 Head of Accounting and Head of Planning Division, Electron Device Company, NEC Corporation Dec 2002 Head of Finance Division (CFO), NEC Electronics Corporation Oct 2003 Executive Officer, Head of Finance Division (CFO), NEC Electronics Corporation Apr 2010 Executive Officer, CFO and Head of Planning Department, NEC Networks & System Integration Corporation Apr 2013 Executive Officer, CFO, NEC Networks & System Integration Corporation Feb 2014 Director and CFO, Techno Pro Holdings, Inc. Jul 2014 Director and Senior Managing Executive Officer, Techno Pro Co., Ltd. May 2020 Advisor, the Company Sep 2020 Director, the Company Jul 2022 Outside Director, HRnetGroup Limited (current) Jun 2023 Director and CFO, the Company (current)
1956-12-26
Mari OSHIMA
Director
Apr 1992 Research Associate, Institute of Industrial Science, The University of Tokyo Apr 1995 Visiting Researcher, Stanford University, USA (Ministry of Education, Japan) Jun 1998 Lecturer, Institute of Industrial Science, The University of Tokyo Apr 1999 Associate Professor, Faculty of Engineering, University of Tsukuba / Associate Professor, Institute of Industrial Science, The University of Tokyo Apr 2000 Associate Professor, Institute of Industrial Science, The University of Tokyo Jul 2005 Professor, Institute of Industrial Science, The University of Tokyo Apr 2006 Professor, Interfaculty Initiative in Information Studies, The University of Tokyo / Professor, Institute of Industrial Science, The University of Tokyo Apr 2014 Director, National Institute of Technology (KOSEN) Apr 2017 President, The Japan Society of Mechanical Engineers (95th term) Oct 2017 Member, Science Council of Japan Jul 2018 Outside Director, Toyota Central R&D Labs., Inc. (current) Aug 2020 Advisor, Japan Society for Science Education (current) Sep 2022 Outside Director, the Company (current) Oct 2023 Associate Member, Science Council of Japan (current) Nov 2023 Director, Japanese Society for Vascular Biology and Hemodynamics (current) Apr 2024 Deputy Director, Tokyo College, UTokyo Institute for Advanced Study (current) Apr 2024 Visiting Professor, Faculty of Engineering, Tokyo University of Technology (current) Jun 2024 Director and Vice President, Japan Academy of Engineering (current) Jun 2024 Director, International Foundation for Science Promotion (current) Jun 2025 Outside Director, Sysmex Corporation (current) Apr 2026 Director, Japan Talent Research Society (current) Apr 2026 Professor, Institute of Industrial Science, The University of Tokyo (current)
1962-03-25
Tomoko KAWAKAMI
Director
Apr 2000 Full-time Lecturer, Faculty of Commerce, Kansai University Apr 2002 Associate Professor, Faculty of Commerce, Kansai University Apr 2003 Visiting Researcher, Foster School of Business, University of Washington Apr 2007 Associate Professor, Faculty of Commerce, Kansai University Apr 2009 Professor, Faculty of Commerce, Kansai University Aug 2012 Visiting Researcher, INSEAD Blue Ocean Strategy Institute (current) Jan 2013 Fulbright Scholar, Foster School of Business, University of Washington Oct 2013 Research Fellow, Asian Consumer Insight Institute, Nanyang Technological University Apr 2015 Professor, Graduate School of Business and Management, Waseda University (current) Apr 2016 Secretary, Waseda Blue Ocean Strategy Institute (now Waseda Blue Ocean Shift Institute) (current) Apr 2019 Director, Institute of Marketing and International Studies (now Institute for Marketing & Sustainability), Waseda University (current) Jun 2019 Outside Director, Takara Holdings Inc. (current) Dec 2019 Examiner, Certified Public Accountant Examination Sep 2022 Outside Director, the Company (current) Sep 2022 Visiting Professor, Copenhagen Business School Mar 2023 Visiting Researcher, Shidler College of Business, University of Hawaii at Manoa Sep 2024 Research Fellow, Graduate School of Business Administration, Kobe University (current) Jun 2026 Outside Director, NS Solutions Corporation (current)
1965-05-03
Yoichi WADA
Director
Apr 1984 Joined Nomura Securities Co., Ltd. Apr 2000 Joined Square Co., Ltd. Dec 2001 President and CEO, Square Co., Ltd. Apr 2003 President, Square Enix Co., Ltd. (now Square Enix Holdings Co., Ltd.) Aug 2016 Outside Director, Wonderplanet Inc. (current) Mar 2018 Outside Director, MYNET Inc. Mar 2019 Outside Director (Audit and Supervisory Committee Member), MYNET Inc. (current) Sep 2021 Outside Director, the Company (current) Jun 2022 Outside Director, Cover Corporation (current) Oct 2024 Outside Director (Audit and Supervisory Committee Member), Classico Inc. (current)
1959-05-28
Asako HAYATA
Director
Apr 1994 Joined Yamaichi Securities Co., Ltd. Jan 1996 Joined Kyocera Communication Systems Co., Ltd. Jan 2013 Head of Division, Microsoft Japan Co., Ltd. Oct 2016 Executive Officer, Nihon Business Systems, Ltd. Mar 2018 Managing Director, Accenture Japan Ltd. Apr 2021 Invited Researcher, Transnational HRM Institute, Waseda University (current) Aug 2026 Special Advisor, the Company (current)
Rieko ZANMA
Director (Audit and Supervisory Committee Member)
Apr 1970 Joined Shizuoka Broadcasting Co., Ltd., as announcer Jun 1973 Joined Kobunsha Co., Ltd., reporter, Josei Jishin editorial department May 1980 President, Candid Inc. (now Candid Produce Inc.) (current) Feb 2001 Member, Social Infrastructure Development Council, Ministry of Land, Infrastructure, Transport and Tourism Mar 2004 Chief Producer, 2007 WorldSkills International Competition (Universal), Ministry of Health, Labour and Welfare Jul 2005 President, Creative Senior Inc. (now Candid Produce Inc.) (current) Jan 2007 Member, Fiscal System Council, Ministry of Finance Jan 2009 Representative, Otona no Network Club Willbe (current) Aug 2009 Member, Study Group on the Lay Judge System, Ministry of Justice Mar 2010 Outside Director, Fujita Kanko Inc. Jun 2016 Outside Director, Shima Seiki Mfg., Ltd. (current) Sep 2016 Outside Director, the Company Sep 2023 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1950-03-21
Shintaro TAKAHASHI
Director (Audit and Supervisory Committee Member)
Apr 1989 Joined Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) Oct 2001 Joined Magclick Inc. (now GMO Internet, Inc.) Mar 2006 President and Representative Director, Magclick Inc. Mar 2008 Director, GMO Internet, Inc. (now GMO Internet Group, Inc.) Mar 2013 Managing Director, Head of Group Media Division, GMO Internet, Inc. Mar 2015 Chairman and Director, GMO AdPartners Inc. (now GMO Internet, Inc.) Apr 2016 Representative Director, Head of Sales Division, Indeed Japan K.K. Jul 2016 Outside Director, gumi Inc. Oct 2017 Representative Director, General Manager and Head of Sales Division, Indeed Japan K.K. Nov 2020 Director, USEN NEXT HOLDINGS Inc. (now U-NEXT HOLDINGS Co., Ltd.) (current) Dec 2021 President and Representative Director, U-POWER Inc. Sep 2023 Director, USEN NETWORKS Inc. (current) Sep 2023 Director, USEN ICT Solutions Inc. (current) Sep 2023 Director, USEN Smart Works Inc. (current) Sep 2023 Director, U-MX Inc. (current) Sep 2023 Director, TACT Inc. (current) Sep 2023 Director, Next Innovation Inc. (now USEN WORKING Inc.) (current) Sep 2023 Outside Director (Audit and Supervisory Committee Member), the Company (current) Sep 2024 Director, USEN WORK WELL Inc. (current) Mar 2026 Director, U-POWER Inc. (current)
1965-01-08
Noriko SAKAI
Director (Audit and Supervisory Committee Member)
Apr 1997 Registered as attorney-at-law (Japan) Apr 1997 Joined Nagashima Ohno & Tsunematsu (now Nagashima Ohno & Tsunematsu) Jan 2003 New York Office, Paul, Hastings, Janofsky & Walker LLP (now Paul Hastings LLP) Jun 2003 Registered as attorney-at-law (California, USA) Sep 2003 Joined Taiyo Law Offices (now Paul Hastings Gaikokuho Kyodo Jigyo Law Office) Dec 2005 Joined Omelveny & Myers Law Office (Foreign Law Joint Enterprise) Feb 2008 Partner, Omelveny & Myers Law Office (Foreign Law Joint Enterprise) Jan 2011 Partner, TMI Associates Jan 2013 Participated in establishing Marunouchi International Law Office Jan 2017 Partner, Hirakawa International Law Office (current) Mar 2021 Outside Director, KOKUSAI ELECTRIC CORPORATION Jun 2025 Outside Director (Audit and Supervisory Committee Member), KOKUSAI ELECTRIC CORPORATION (current) Sep 2025 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1969-06-02
Large Shareholding Reports
M&G Investment Management Limited
2026-03-06
8.59%→9.90%
Sumitomo Mitsui Trust Bank, Limited
2025-09-19
2.49%→2.48%
Hayao NAKAYAMA
2025-09-04
9.15%→9.13%
Annual report (as of 2026-06-30): 9.80%
Yugen Kaisha Shi
2025-08-20
6.52%→4.56%
Annual report (as of 2026-06-30): 2.10%
Disclosures
Executive Change
2026-09-28
Primary Source Filings
TDnet
2026-09-28
Executive Change
EDINET
2026-09-18
Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2026-09-03
株主総会招集通知
TDnet
2026-08-07
Full-Year Earnings Flash
FY ending Jun 2026
TDnet
2026-05-12
Q3 Earnings Flash
FY ending Jun 2026
EDINET
2026-03-06
Large Shareholding Report
EDINET
2026-02-09
Semi-Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2026-02-06
Q2 Earnings Flash
FY ending Jun 2026
TDnet
2025-11-07
Q1 Earnings Flash
FY ending Jun 2026
EDINET
2025-09-22
Annual Securities Report
Period: Jul 2024 – Jun 2025
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-09-04
Large Shareholding Report
EDINET
2025-08-20
Large Shareholding Report
TDnet
2025-05-09
Q3 Earnings Flash
FY ending Jun 2025
EDINET
2025-02-10
Semi-Annual Securities Report
Period: Jul 2024 – Jun 2025
TDnet
2024-11-08
Q1 Earnings Flash
FY ending Jun 2025
EDINET
2024-09-26
Annual Securities Report
Period: Jul 2023 – Jun 2024
EDINET
2024-05-13
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-09-27
Annual Securities Report
Period: Jul 2022 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-07
Quarterly Securities Report
EDINETAmended
2022-10-14
Amended Annual Securities Report
EDINET
2022-09-28
Annual Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-08
Quarterly Securities Report
EDINET
2021-09-29
Annual Securities Report
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