Overview
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Liberaware Co.,Ltd.

Liberaware develops and operates world-class ultra-compact indoor drones (the 'IBIS' series, approximately 20cm square) purpose-built for inspecting narrow, dark, and hazardous indoor environments such as boilers, pipelines, tunnels, chimneys, and nuclear containment vessels where human access is impossible or dangerous. The company provides end-to-end infrastructure DX solutions spanning drone inspection services, product sales/rental, 3D data processing via its proprietary cloud platform 'LAPIS', AI-based anomaly detection, BIM modeling, and digital twin services through its affiliate CalTa's 'TRANCITY' platform. Primary customers include steel, railway, construction, manufacturing, and government sectors, with approximately 59% of inspection solution revenues derived from recurring customers.

Market Cap
¥17.6B
US$112M
EV
¥16.9B
US$108M
Stock¥885▼-0.67%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
14.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-71.9%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jun 15, 26Q3 FY2026/07 earnings announced
2Sep 15, 26Full-year FY2026/07 earnings announced
MC → EV Bridge
17.6BUS$112MMarket Cap0.21BUS$1.35M+ Debt0.83BUS$5.31M− Cash0.03BUS$0.19M− Inv. Sec.16.9BUS$108MEV
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Performance & Balance
Revenue 5Y (¥B)
0.26US$1.66M'22/70.38US$2.42M'23/70.82US$5.20M'24/71.41US$8.97M'25/71.60US$10.2M'26/7
EBITDA 5Y (¥B)
-0.38-US$2.40M'24/7-1.54-US$9.83M'25/7-2.34-US$14.9M'26/7
Net Income 5Y (¥B)
-0.46-US$2.91M'22/7-0.64-US$4.09M'23/7-0.44-US$2.79M'24/70.05US$0.29M'25/7-0.81-US$5.17M'26/7
Capital Structure
85%
EquityD/E 0.17xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
'22/7'23/71.06US$6.77M'24/70.75US$4.80M0.49US$3.14M'25/70.86US$5.50M0.21US$1.35M'26/7
Shareholders
Top 10 hold 43.7%
1
Hirokei MIN
18.17%
2
East Japan Railway Company
11.69%
3
Tetsuya WADA
4.21%
4
Kosuke NODAIRA
3.37%
5
Custody Bank of Japan, Ltd.
1.77%
6
Keisuke IKEDA
1.12%
7
Yuji OGAWA
1.09%
8
BANK SINOPAC-YUANTA JAPAN LEADERS EQUITY FUND (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.02%
9
SBI SECURITIES Co., Ltd.
0.62%
10
Norifumi KANDA
0.60%
Management
8 officers
Hirokei MIN
Representative Director
Apr 2013 Specially Appointed Researcher, National University Corporation Chiba University Aug 2016 Founded the Company; appointed Representative Director (current) Jun 2021 Outside Director, CalTa Inc. (current)
1985-06-26
Kohei HAYASHI
Director
Apr 2009 Joined Nippon Steel Corporation Dec 2011 Joined Toray Industries, Inc. Jan 2020 Joined Raksul Inc. May 2021 Joined the Company Sep 2022 Appointed General Manager, DX Business Division May 2023 Appointed Executive Officer and General Manager, DX Business Division Oct 2023 Appointed Director and General Manager, DX Business Division Aug 2024 Appointed Director (current)
1985-09-01
Junya ICHIKAWA
Director and CFO, General Manager of Administration Division
Dec 2007 Joined Tohmatsu LLC Jan 2013 Registered as Certified Public Accountant Apr 2019 Joined FUNDBOOK Inc. Dec 2021 Joined the Company; appointed General Manager, Administration Division Sep 2023 Appointed Executive Officer and General Manager, Administration Division Oct 2024 Appointed Director, CFO and General Manager, Administration Division Nov 2024 Appointed Director and CFO (current) Jun 2025 Outside Corporate Auditor, CalTa Inc. (current)
1979-12-31
Tetsuya WADA
Director, General Manager of Technology Development Division and General Manager of Quality Assurance Division
Jan 2015 Joined Autonomous Control Systems Laboratory Ltd. (now ACSL Ltd.) Aug 2016 Founded the Company; appointed Director Aug 2017 Appointed Director and General Manager, Administration Division Aug 2019 Appointed Director and CFO Oct 2021 Appointed Director and General Manager, Technology Development Division (current) Aug 2025 Appointed General Manager, Quality Assurance Division (current)
1987-09-15
Minoru MORIYA
Director
Apr 1992 Joined MISUMI Corporation (now MISUMI Group Inc.) Aug 2002 Director, M-Out Inc. Sep 2010 Representative Director, Minoru Moriya Office Inc. (current) Sep 2010 Vice President and Director, Care Pro Inc. Apr 2011 Vice President and Director, Raksul Inc. Apr 2015 Director, Sound Fan Inc. Oct 2015 Director, AμB Inc. Oct 2015 Outside Director, SEEDATA Inc. Nov 2016 Director, Boutiques Inc. Nov 2017 Representative Director, Medical Care Design Inc. (now Think Health Care Inc.) Dec 2017 Outside Director, Japan Cloud Capital Inc. (now FUNDINNO Inc.) (current) Apr 2018 Outside Director, Techfeed Inc. Jun 2018 Director, Future Venture Capital Inc. Jun 2018 Outside Director, Selm Inc. Aug 2019 Outside Director, Japan Agriculture Co., Ltd. (current) Sep 2020 Outside Director, Galapagos Inc. (current) Sep 2022 Outside Director, the Company (current) Nov 2022 Outside Director, VALT JAPAN Inc. (current) Feb 2023 Outside Director, Doctormate Inc. (current) Jun 2024 Outside Director, Toyoko Co., Ltd. (current)
1969-05-01
Shigeki HITOMI
Full-time Corporate Auditor
Sep 1987 Joined Tokyo CPA Accounting School Sep 1988 Joined Aoyama Audit Corporation (now PricewaterhouseCoopers Japan LLC) Mar 1991 Registered as Certified Public Accountant Aug 1995 Joined Tohmatsu LLC Apr 2000 Joined Mobile Station.com Inc. Apr 2001 Joined Takefuji Corporation (now Nihon Hoshō Co., Ltd.) Jun 2004 Executive Officer, Takefuji Corporation Oct 2005 Joined Cross Marketing Inc.; appointed Vice President and Director Aug 2010 Corporate Auditor, Research & Development Inc. Mar 2011 Director and CFO, Cross Marketing Inc. Dec 2011 Corporate Auditor, Cross Communication Inc. Feb 2012 Auditor, Cross Marketing China Inc. Jun 2013 Director and CFO, Cross Marketing Group Inc. Nov 2022 Outside Corporate Auditor, the Company (current)
1963-10-16
Ryozo AOKI
Corporate Auditor
Apr 1981 Joined NEC Corporation Apr 2006 Head of Tohoku Branch, NEC Corporation Apr 2006 Director, NEC Software Tohoku, Ltd. (now NEC Solution Innovators, Ltd.) Mar 2008 Director, Techno Mind Co., Ltd. Apr 2012 Executive Officer and Senior Managing Sales Manager, NEC Capital Solutions Limited Apr 2013 Executive Officer, NEC Capital Solutions Limited Apr 2013 Director, Denshi Saiken Acceptance Co., Ltd. Jun 2013 Director and Executive Officer, NEC Capital Solutions Limited Apr 2014 Director and Managing Executive Officer, NEC Capital Solutions Limited Mar 2015 Director, Denshi Saiken Acceptance Co., Ltd. Jun 2017 Representative Director and Managing Executive Officer, NEC Capital Solutions Limited Jun 2020 Advisor, NEC Capital Solutions Limited Mar 2021 Outside Corporate Auditor, the Company (current) Jun 2021 Executive Advisor, NEC Capital Solutions Limited
1958-09-07
Shunsuke INOUE
Corporate Auditor
Dec 2009 Registered as Attorney-at-law Dec 2009 Joined Nagashima Ohno & Tsunematsu Sep 2012 Joined Freshfields Bruckhaus Deringer Nov 2016 Joined Hibiya Nakata Law Office Jan 2020 Partner, Hibiya Nakata Law Office (current) Jul 2022 Director, certified NPO 3keys (current) Oct 2023 Outside Corporate Auditor, the Company (current)
1982-08-27
Large Shareholding Reports
Min Hongkyu
2026-08-04
18.25%→17.55%
Annual report (as of 2026-01-31): 18.17%
NOMURA INTERNATIONAL PLC
2026-04-21
5.13%→2.84%
NOMURA INTERNATIONAL PLC
2026-03-19
5.64%→5.13%
NOMURA INTERNATIONAL PLC
2026-03-05
5.64%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-09-14
Full-Year Earnings Flash
FY ending Jul 2026
EDINET
2026-08-04
Large Shareholding Report
TDnet
2026-06-12
Q3 Earnings Flash
FY ending Jul 2026
EDINET
2026-04-21
Large Shareholding Report
EDINET
2026-03-19
Large Shareholding Report
EDINET
2026-03-13
Securities Registration Statement
EDINET
2026-03-13
Semi-Annual Securities Report
Period: Aug 2025 – Jul 2026
EDINET
2026-03-05
Large Shareholding Report
TDnet
2025-12-10
Q1 Earnings Flash
FY ending Jul 2026
EDINET
2025-10-31
Annual Securities Report
Period: Aug 2024 – Jul 2025
TDnet
2025-06-13
Q3 Earnings Flash
FY ending Jul 2025
EDINET
2025-03-14
Semi-Annual Securities Report
Period: Aug 2024 – Jul 2025
TDnet
2024-12-13
Q1 Earnings Flash
FY ending Jul 2025
EDINET
2024-10-31
Annual Securities Report
Period: Aug 2023 – Jul 2024
EDINETAmended
2024-07-19
Amended Securities Registration Statement
EDINETAmended
2024-07-10
Amended Securities Registration Statement
EDINET
2024-06-25
Securities Registration Statement
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