Overview
Services

Sobal Corporation

Soval Corporation is a Japan-based software engineering company providing one-stop development services across application development (Windows/Mac/Linux, mobile), web and cloud development, and embedded software development for industries including imaging equipment, audio, autonomous driving (AD/ADAS), industrial machinery, and station equipment. The company also offers statistical analysis and technical documentation services, with AI positioned as a key growth pillar. Its competitive strengths lie in end-to-end capabilities from consulting through mass production support, particularly in embedded systems development.

Market Cap
¥7.04B
US$44.9M
EV
¥3.76B
US$24.0M
Stock¥895▼-0.11%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.9
x
LTM EV/EBIT
5.0
x
LTM PER
13.9
x
LTM PBR
1.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-23.1%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
7.04BUS$44.9MMarket Cap0.00BUS$0.00M+ Debt3.28BUS$20.9M− Cash0.00BUS$0.00M− Inv. Sec.3.76BUS$24.0MEV
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Performance & Balance
Revenue 5Y (¥B)
8.16US$52.1M'22/28.16US$52.0M'23/28.17US$52.1M'24/28.68US$55.4M'25/28.98US$57.2M'26/2
EBITDA 5Y (¥B)
0.62US$3.94M'22/20.66US$4.19M'23/20.69US$4.37M'24/20.65US$4.17M'25/20.68US$4.31M'26/2
Net Income 5Y (¥B)
0.45US$2.85M'22/20.68US$4.36M'23/20.51US$3.27M'24/20.43US$2.76M'25/20.46US$2.93M'26/2
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
2.16US$13.8M'22/22.83US$18.0M'23/22.65US$16.9M'24/23.52US$22.5M'25/23.51US$22.4M'26/2
Shareholders
Top 10 hold 65.5%
1
Evercore Co., Ltd.
22.12%
2
NEXCORE Co., Ltd.
22.12%
3
Sobal Corporation Employee Stock Ownership Association
9.02%
4
Nana KAWASHITA
5.05%
5
Atsushi OSHITSU
5.05%
6
Yasunori MACHIDA
0.55%
7
Sachiko OSHITSU
0.51%
8
Eiichiro TOIKE
0.47%
9
Isao WADA
0.35%
10
Shuji SHINKAI
0.29%
Management
8 officers
Atsushi OSHITSU
Representative Director, President
Sep 2005 Joined the Company Mar 2007 Appointed Senior Managing Executive Officer Jul 2007 Appointed General Manager, Planning Office May 2009 Appointed Director; Appointed Senior Managing Executive Officer Mar 2011 Appointed Director and Vice President May 2012 Appointed Chief Operating Officer (COO) Apr 2013 Appointed Director, Cored Co., Ltd. Apr 2014 Appointed Executive Officer May 2014 Appointed Representative Director and Vice President May 2015 Appointed Representative Director, Vice Chairman and Chief Executive Officer (CEO); Appointed Representative Director, Chairman, Cored Co., Ltd.; Appointed Representative Director, Chairman and CEO, Andor System Support Co., Ltd. May 2017 Appointed General Manager, Accounting Department May 2018 Appointed Representative Director, President and CEO May 2023 Appointed Director, Chairman, Cored Co., Ltd. (current); Appointed Director, Chairman, Andor System Support Co., Ltd. Mar 2024 Appointed Outside Director, Paronym Inc. (current) May 2024 Appointed Representative Director, President (current) Dec 2025 Appointed Representative Director, Chairman, Risou Co., Ltd. (current) Mar 2026 Appointed Representative Director, Chairman, Precise Co., Ltd. (current)
1978-08-31
Masao HIGASHITANI
Director
Dec 2006 Joined the Company Apr 2015 Appointed Executive Officer May 2015 Appointed President, Cored Co., Ltd. Jul 2016 Appointed Director, Andor System Support Co., Ltd. May 2017 Appointed Senior Managing Director May 2020 Appointed Director (current) Mar 2022 Appointed General Manager, Sales Department (current) May 2023 Appointed Representative Director, President, Cored Co., Ltd. (current) May 2026 Appointed Representative Director, Andor System Support Co., Ltd. (current)
1978-12-21
Takashi YAMABAYASHI
Director
Apr 2001 Joined the Company Apr 2013 Appointed Executive Officer Mar 2014 Appointed General Manager, System Solutions Department Mar 2016 Appointed General Manager, SS Technology Promotion Department May 2016 Appointed Director, Cored Co., Ltd. (current) May 2016 Appointed Director, Andor System Support Co., Ltd. Mar 2017 Appointed General Manager, System Solutions Department May 2017 Appointed Director (current) Mar 2019 Appointed General Manager, Systems Division (current) Mar 2022 Appointed General Manager, Network Solutions Department (current) Dec 2025 Appointed Director, Risou Co., Ltd. (current)
1974-02-21
Yuichi SHIMATANI
Director
Sep 2001 Joined the Company Apr 2015 Appointed Executive Officer Dec 2015 Appointed General Manager, Human Resources Department Apr 2017 Appointed Senior Managing Executive Officer Mar 2020 Appointed General Manager, Corporate Planning Department (current) Mar 2020 Appointed General Manager, Human Resources and General Affairs Department Apr 2020 Appointed Executive Officer Mar 2024 Appointed General Manager, Human Resources Department (current) May 2024 Appointed Director (current) Mar 2026 Appointed Audit and Supervisory Board Member, Precise Co., Ltd. (current)
1973-04-15
Tomohiro TAKAGI
Director
Sep 1983 Visiting Researcher, Department of Computer Science, University of California, Berkeley Apr 1984 Joined Infofield Systems Inc. Oct 1988 Joined Panasonic Corporation (formerly Matsushita Electric Industrial Co., Ltd.) Apr 2000 Professor, Department of Information Science, School of Science and Technology, Meiji University Apr 2004 Committee Member, Research Center for Academic Systems, Japan Society for the Promotion of Science Jul 2005 Fellow, International Fuzzy Systems Association (current) Nov 2015 Outside Director, Design One Japan Co., Ltd. (current) Oct 2019 Outside Director, Landnet Co., Ltd. (current) May 2022 Appointed Director of the Company (current) Apr 2025 Delegate, The Japanese Society for Artificial Intelligence (current) Oct 2025 Director (Audit and Supervisory Committee Member), GMO TECH Holdings Co., Ltd. (current)
1954-06-08
Kenichi MOROSE
Full-time Audit and Supervisory Board Member
Sep 1988 Joined the Company Mar 2006 Appointed Executive Officer; Appointed General Manager, Wireless Business Division Mar 2007 Appointed Senior Managing Executive Officer Dec 2007 Appointed Executive Officer May 2009 Appointed Senior Managing Executive Officer Apr 2014 Appointed Executive Officer May 2024 Appointed Audit and Supervisory Board Member (current)
1964-05-19
Kazuaki OSHIUMI
Audit and Supervisory Board Member
Apr 1990 Joined Asahi Shinwa Audit Corporation (now Azsa LLC) Mar 1993 Registered as Certified Public Accountant Jul 1993 Joined Yamada Junichiro Certified Public Accountant and Tax Accountant Office (now Yamada & Partners Tax Corporation) Sep 1996 Opened Kazuaki Oshiumi Certified Public Accountant Office Dec 1996 Registered as Certified Tax Accountant Apr 1999 Partner, Yusei Audit Corporation (now Taiyo LLC) Aug 2004 Representative Director, Ex Brain Co., Ltd. (current) Jan 2010 Representative Partner, Oshiumi General Accounting Office Tax Corporation (current) Jun 2016 Representative Director, Rev Partners Co., Ltd. (current) Jul 2018 Partner, Taiyo LLC May 2020 Audit and Supervisory Board Member of the Company (current) Aug 2021 Outside Audit and Supervisory Board Member, Tamahome Co., Ltd. (current) Jul 2022 Outside Audit and Supervisory Board Member, Yaman Co., Ltd. Jun 2025 Director (Audit and Supervisory Committee Member), Reiwa Accounting Holdings Co., Ltd. (current)
1965-07-17
Kenichiro KAWASAKI
Audit and Supervisory Board Member
Apr 1999 Joined Andersen Consulting (now Accenture Japan Ltd.) Jan 2008 Joined Tokyo Surugadai Law Office Mar 2013 Representative, Waseda Legal Commons Law Office (current) May 2020 Audit and Supervisory Board Member of the Company (current) Mar 2023 Outside Director, Foreside Co., Ltd.
1976-03-17
Large Shareholding Reports
Nana KAWASHITA
2026-09-18
26.66%→26.66%
Annual report (as of 2026-08-31): 5.05%
Atsushi Suizu
2026-09-18
26.17%
Annual report (as of 2026-08-31): 5.05%
Evercore Co., Ltd.
2026-09-17
21.30%→21.30%
Annual report (as of 2026-08-31): 22.12%
NEXCORE Co., Ltd.
2026-09-17
21.30%→21.30%
Annual report (as of 2026-08-31): 22.12%
Evercore Co., Ltd.
2026-06-05
40.03%→42.61%
Annual report (as of 2026-08-31): 22.12%
Evercore Co., Ltd.
2026-03-18
40.03%→42.61%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-08-31): 22.12%
Evercore Co., Ltd.
2026-03-17
40.03%→42.61%
Annual report (as of 2026-08-31): 22.12%
Evercore Co., Ltd.
2026-03-16
40.03%→42.61%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-08-31): 22.12%
Evercore Co., Ltd.
2026-03-16
40.03%→42.61%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-08-31): 22.12%
Evercore Co., Ltd.
2026-03-12
40.03%→42.61%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-08-31): 22.12%
Evercore Co., Ltd.
2026-03-04
40.03%→42.61%
Annual report (as of 2026-08-31): 22.12%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-14
Semi-Annual Securities Report
Period: Mar 2026 – Feb 2027
TDnet
2026-10-14
Q2 Earnings Flash
FY ending Feb 2027
EDINETAmended
2026-09-18
Change Report
EDINETAmended
2026-09-18
Change Report
EDINET
2026-09-17
Large Shareholding Report
EDINET
2026-09-17
Large Shareholding Report
TDnet
2026-07-13
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-05-22
Annual Securities Report
Period: Mar 2025 – Feb 2026
EDINETAmended
2026-03-18
Change Report
EDINET
2026-03-17
Large Shareholding Report
EDINETAmended
2026-03-16
Change Report
EDINETAmended
2026-03-16
Change Report
EDINETAmended
2026-03-12
Change Report
EDINET
2026-03-04
Large Shareholding Report
TDnet
2026-01-09
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2025-10-14
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2025-07-11
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-28
Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2025-01-10
Q3 Earnings Flash
FY ending Feb 2025
EDINET
2024-10-10
Semi-Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINET
2024-07-10
Quarterly Securities Report
Period: Mar 2024 – May 2024
TDnet
2024-06-28
Q1 Earnings Flash
FY ending Feb 2025
EDINET
2024-05-30
Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINET
2024-01-12
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-12
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-12
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-05-25
Annual Securities Report
Period: Mar 2022 – Feb 2023
EDINET
2023-01-13
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-13
Quarterly Securities Report
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