Overview
Information & Communication

CAICA DIGITAL Inc.

CAICA DIGITAL Inc. operates two core business segments: IT Services, encompassing system development, IT consulting, system maintenance and support, cryptocurrency-related system research/development/sales, and enterprise support platform operations; and Financial Services, including cryptocurrency investment and asset management, NFT marketplace operations, and group management support. The company also has an IoT-related business through subsidiary Nexs Co., Ltd., which develops and sells wireless communication devices and provides system solutions. The group targets corporate clients seeking digital transformation and crypto-asset-related technology solutions in Japan.

Market Cap
¥10.3B
US$65.9M
EV
¥8.57B
US$54.7M
Stock¥60▲+0.00%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
58.7
x
LTM EV/EBIT
73.9
x
LTM PER
NM
LTM PBR
1.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-58.8%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 21, 25ZED Holdings divestiture announcement
2Nov 27, 25ZED Holdings divestiture completion
3Jun 16, 26Q2 FY2026/10 earnings announced
MC → EV Bridge
10.3BUS$65.9MMarket Cap0.00BUS$0.00M+ Debt1.22BUS$7.78M− Cash0.61BUS$3.91M− Inv. Sec.0.07BUS$0.43M+ NCI8.57BUS$54.7MEV
AI Briefing
IT services meets crypto/NFT infrastructure play, straddling enterprise DX and Japan's digital asset market. FY25/10 revenue ¥5.2B, OP ¥0.1B (1.3%) — swung back to thin profitability after two loss-making years. No tender offer in play; ¥10.3B cap trades near EV ¥8.6B with net cash position, modest EBITDA base.
Performance & Balance
Revenue 5Y (¥B)
5.95US$37.9M'21/106.44US$41.1M'22/105.41US$34.5M'23/105.61US$35.8M'24/105.20US$33.1M'25/10
EBITDA 5Y (¥B)
-0.84-US$5.37M'21/10-1.32-US$8.42M'22/10-2.36-US$15.1M'23/100.12US$0.79M'24/100.07US$0.47M'25/10
Net Income 5Y (¥B)
-0.80-US$5.10M'21/10-6.24-US$39.8M'22/10-3.89-US$24.8M'23/100.03US$0.19M'24/100.17US$1.06M'25/10
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
4.81US$30.7M0.75US$4.78M'21/103.20US$20.4M0.43US$2.74M'22/101.30US$8.32M'23/101.32US$8.42M0.17US$1.08M'24/101.79US$11.4M'25/10
Shareholders
Top 10 hold 37.5%
1
FISCO Ltd.
11.50%
2
JN Group Inc.
9.52%
3
Jitsugyo no Nihon Digital Inc.
4.09%
4
High Voltage Capital Inc.
3.82%
5
Kaika Financial Holdings Inc.
2.00%
6
Sachi SHIRAI
2.00%
7
Rakuten Securities, Inc. (Joint Account)
1.46%
8
Kazunari SHIRAI
1.33%
9
Saki SHIRAI
1.00%
10
SBI SECURITIES Co., Ltd.
0.73%
Management
8 officers
Shin SUZUKI
Representative Director, President
Aug 2019 Director, FISCO Crypto Asset Exchange Co., Ltd. (now Zaif Inc.) Oct 2019 Representative Director, President, Kaika Spin-off Preparation Co., Ltd. (now CAICA Technologies Inc.) (current) Oct 2019 Director, Aim Soft Co., Ltd. (now Nexsoft Inc.) Mar 2020 Representative Director, Vice President, Kushim Insight Inc. Nov 2020 Company: in charge of CAICA Technologies Business Division, Internal Audit Office, Public Relations; General Manager, CAICA Technologies Business Division Nov 2020 Representative Director, CAICA Digital Partners Inc. Jan 2021 Director, e-Warrant Securities Co., Ltd. (now EWJ Inc.) Feb 2021 Director, NEX Inc. Mar 2021 Director, Zaif Holdings Inc. (now NEX Digital Group Inc.) Nov 2021 Director, Kaika Financial Holdings Inc. Dec 2021 Representative Director, President, Kaika Finance Inc. Dec 2021 Representative Director, Vice President, Kaika Exchange Holdings Inc. (now NEX Digital Group Inc.) Dec 2021 Representative Director, Vice President, Kaika Exchange Inc. (now Zaif Inc.) Dec 2021 Representative Director, President, Kaika Financial Holdings Inc. (current) Apr 2022 Representative Director, President, Kaika Exchange Holdings Inc. (now NEX Digital Group Inc.) Apr 2022 Representative Director, President, Kaika Exchange Inc. (now Zaif Inc.) Nov 2022 Company: Representative Director, President; in charge of Scrum Business Division, Web3 Business Division, Internal Audit Office, Public Relations; General Manager, Web3 Business Division (current) Jan 2023 Director, EWARRANT INTERNATIONAL LTD. Jan 2023 Director, EWARRANT FUND LTD. (current) Jan 2023 Representative Director, President, Kaika Securities Inc. (now EWJ Inc.) (current) Nov 2023 Representative Director, Chairman, Zaif Inc. Oct 2025 Director, NEX Inc. (current)
1968-03-05
Kenji YAMAGUCHI
Representative Director, Vice President
Feb 2003 Joined Sequedge Inc. (now Sequedge Japan Holdings Inc.) Sep 2003 Director, same company Feb 2010 Director, Sequedge Partners Inc. (now Vantage Partners Inc.) Jul 2011 Director, SEQUEDGE INVESTMENT INTERNATIONAL LIMITED Mar 2014 Representative Director, Sequedge Investment Inc. (now Sequedge Japan Holdings Inc.) Jun 2015 Representative Director, Company; in charge of General Affairs and Governance Promotion Office; General Manager, Management Division Sep 2015 Director, SJ Asia Pacific Limited (current) Nov 2015 Representative Director, Company; in charge of Management Division and Governance Promotion Office; General Manager, Management Division and Finance & Accounting Division Jan 2016 Representative Director, Senior Managing Director, Company; in charge of Governance Promotion Office and Finance & Accounting Division; General Manager, Finance & Accounting Division Feb 2017 Director, Tokyo Tech Co., Ltd. (now Nexsoft Inc.) Mar 2017 Representative Director, Senior Managing Director, Company; in charge of Finance & Accounting Division; General Manager, Finance & Accounting Division Aug 2017 Director, NEX Solutions Inc. (now Jitsugyo no Nihon Sogo Kenkyusho Inc.) Aug 2017 Director, NEX Inc. Nov 2017 Director, CCCT Inc. (now Kushim Insight Inc.) Jan 2018 Representative Director, Senior Managing Director, Company; in charge of Finance & Accounting Division and General Affairs & HR Department; General Manager, Finance & Accounting Division and General Affairs & HR Division Feb 2018 Director, e-Warrant Securities Co., Ltd. (now EWJ Inc.) (current) Feb 2018 Director, EWARRANT INTERNATIONAL LTD. Feb 2018 Director, EWARRANT FUND LTD. (current) Jan 2019 Representative Director, Vice President, Company; in charge of Finance & Accounting Division and General Affairs & HR Division; General Manager, Finance & Accounting Division and General Affairs & HR Division Mar 2019 Director (Audit and Supervisory Committee Member), i-Study Co., Ltd. (now Kushim Inc.) Aug 2019 Director, FISCO Crypto Asset Exchange Co., Ltd. (now Zaif Inc.) Oct 2019 Director, Kaika Spin-off Preparation Co., Ltd. (now CAICA Technologies Inc.) (current) Nov 2020 Director, CAICA Digital Partners Inc. Mar 2021 Director, Zaif Holdings Inc. (now NEX Digital Group Inc.) Nov 2021 Director, Kaika Financial Holdings Inc. (current) Dec 2021 Director, Kaika Finance Inc. Sep 2024 Representative Director, Vice President, Company; in charge of Administration Division; General Manager, Administration Division (current) Oct 2025 Director, NEX Inc. (current)
1970-11-19
Osamu FUKAMI
Director
Mar 2011 General Manager, Business Strategy Division, FISCO Inc. Oct 2011 Representative Director, Yashima Co., Ltd. (current) Oct 2012 Director, NEX Group Inc. (current) Mar 2013 Director, General Manager, Business Strategy Division, FISCO Inc. (current) Feb 2015 Director, E-Ryokou.com Co., Ltd. (current) Apr 2015 Director, NEX Inc. (current) Aug 2016 Director, Chichikaka Co., Ltd. (now High Voltage Capital Inc.) (current) Oct 2016 Director, Gloria Tours Inc. (current) Nov 2018 Director, NEX Premium Group Inc. (current) Nov 2018 Director, NEX Farm Holdings Inc. (current) Aug 2019 Director, FISCO Crypto Asset Exchange Co., Ltd. (now Zaif Inc.) Jan 2021 Director, CAICA Technologies Inc. (current) Jan 2021 Director, CAICA Digital Partners Inc. Nov 2021 Director, Kaika Financial Holdings Inc. (current) Dec 2021 Director, Kaika Exchange Holdings Inc. (now NEX Digital Group Inc.) Jan 2022 Director, Kaika Securities Inc. (now EWJ Inc.) (current) Apr 2022 Director, Jitsugyo no Nihon Digital Inc. (current) Oct 2023 Director, ITAL-J JAPAN Inc. (current) Jan 2024 Director, Company (current) May 2024 Director, KSP Inc. (current) Jul 2024 Director, Sukebu Inc. (current) Feb 2025 Director, ZED Holdings Inc. (now NEX Digital Group Inc.) (current) Feb 2025 Director, Web3 Technologies Inc. (current)
1972-03-17
Mitsuo KAWASAKI
Director
Apr 1996 Joined At Home Co., Ltd. Aug 2003 Joined Funai Soken Inc. Jan 2011 Established Catenasia Inc., Representative Director (current) Aug 2011 Representative Director, Media Contents Inc. Sep 2012 Auditor, General Incorporated Foundation Asia Medical Support Organization (current) Dec 2012 Director, Medical Corporation Mother Key Dec 2013 Director, Social Welfare Corporation Zenkokai Jun 2015 Director, Company (current) Jul 2017 Director, Medical Corporation Hakuyokai Apr 2020 Director, Medical Corporation Michi Umi Hashii Obstetrics and Gynecology (current) Jul 2022 Auditor, Medical Corporation Hashii Obstetrics and Gynecology (current) Nov 2023 Representative Director, Sofile Inc. (current) Apr 2024 Director, Medical Corporation Hayashi Obstetrics and Gynecology (current)
1972-05-28
Yusaku IKEDA
Director
Apr 2004 Joined Seven-Eleven Japan Co., Ltd. Oct 2007 Joined Takahashi Certified Public Accountant Office Feb 2010 Registered as Certified Tax Accountant Oct 2012 Opened Ikeda Tax Accountant Office, Representative (current) Jan 2016 Designated Partner, IKEDA LLC (current) Jan 2021 Director, Company (current)
1982-03-15
Masaru KOGA
Full-time Corporate Auditor
Feb 2006 Joined Sequedge Inc. (now Sequedge Investment Inc.) Jul 2009 Joined Sequedge Finance Inc. Dec 2011 Joined Fisco Capital Inc. Mar 2012 Director, same company Jun 2015 Corporate Auditor, Company (current) Feb 2017 Corporate Auditor, Tokyo Tech Co., Ltd. (now Nexsoft Inc.) Aug 2017 Corporate Auditor, NEX Solutions Inc. (now Jitsugyo no Nihon Sogo Kenkyusho Inc.) Nov 2017 Corporate Auditor, CCCT Inc. (now Kushim Insight Inc.) Feb 2018 Corporate Auditor, e-Warrant Securities Co., Ltd. (now EWJ Inc.) (current) May 2018 Outside Corporate Auditor, Seeds Men Inc. (now Star Seeds Inc.) Jun 2018 Corporate Auditor, FISCO Crypto Asset Exchange Co., Ltd. (now Zaif Inc.) Mar 2019 Director, Valkyrie Capital Inc. (current) Oct 2019 Corporate Auditor, Kaika Spin-off Preparation Co., Ltd. (now CAICA Technologies Inc.) (current) Nov 2020 Director, CAICA Digital Partners Inc. Mar 2021 Corporate Auditor, Zaif Holdings Inc. (now NEX Digital Group Inc.) Nov 2021 Corporate Auditor, Kaika Financial Holdings Inc. (current) Dec 2021 Corporate Auditor, Kaika Finance Inc. Dec 2021 Director, Kushim Insight Inc. Jan 2025 Corporate Auditor, E-Ryokou.com Co., Ltd. (current) Jan 2025 Corporate Auditor, Web Travel Inc. (current) Jan 2025 Corporate Auditor, Gloria Tours Inc. (current) Oct 2025 Corporate Auditor, NEX Inc. (current)
1965-10-15
Shinichi SUGIMOTO
Part-time Corporate Auditor
Apr 1990 Joined The Boston Consulting Group K.K. Nov 1996 Joined Fuji Chemical Industries Co., Ltd. Jan 2000 Joined Arthur D. Little Japan Inc. Apr 2000 Joined Monitor Company Inc. Oct 2003 Joined Prophet International Inc. May 2007 Established Bonafide Consulting Co., Ltd., Representative Director (current) Jun 2015 Corporate Auditor, Company (current) Oct 2021 Auditor, Medical Corporation Chokahokai (current)
1967-01-13
Masahiko HOSOGI
Part-time Corporate Auditor
Apr 1978 Joined Kawasaki Heavy Industries, Ltd. Oct 1985 Joined Asahi Shinwa Audit Corporation (now Azsa LLC) Jul 1986 Joined Aoyama Audit Corporation (Price Waterhouse Japan) Mar 1989 Registered as Certified Public Accountant Oct 1992 Opened Hosogi Certified Public Accountant Office Apr 1994 Established Will Consulting Co., Ltd., Representative Director (current) Jun 2007 Corporate Auditor, Gokurakuyu Holdings Inc. Jun 2008 Auditor, Asuka Credit Cooperative (current) Mar 2013 Corporate Auditor, Takaya Co., Ltd. Jan 2016 Corporate Auditor, Company (current)
1955-08-14
Large Shareholding Reports
High Voltage Capital Co., Ltd.
2026-06-18
3.81%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-04-30): 3.82%
High Voltage Capital Co., Ltd.
2026-05-13
3.81%
Annual report (as of 2026-04-30): 3.82%
JN Group Co., Ltd.
2026-03-06
10.30%→9.52%
Annual report (as of 2026-04-30): 9.52%
FISCO Ltd.
2026-02-13
14.89%→11.49%
Annual report (as of 2026-04-30): 11.50%
Nex Group Co., Ltd.
2025-10-23
0.55%→10.30%
Web3 Technologies Co., Ltd.
2025-09-25
—
Web3 Technologies Co., Ltd.
2025-09-25
—
Nex Group Co., Ltd.
2025-08-14
—
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-09-14
Q3 Earnings Flash
FY ending Oct 2026
EDINETAmended
2026-06-18
Change Report
EDINET
2026-06-15
Semi-Annual Securities Report
Period: Nov 2025 – Oct 2026
EDINET
2026-05-13
Large Shareholding Report
TDnet
2026-03-17
Q1 Earnings Flash
FY ending Oct 2026
EDINET
2026-03-06
Large Shareholding Report
EDINET
2026-02-13
Large Shareholding Report
EDINETAmended
2026-01-30
Amended Securities Registration Statement
EDINETAmended
2026-01-29
Amended Securities Registration Statement
EDINET
2026-01-29
Annual Securities Report
Period: Nov 2024 – Oct 2025
EDINETAmended
2025-12-26
Amended Securities Registration Statement
EDINET
2025-12-23
Securities Registration Statement
EDINET
2025-10-23
Large Shareholding Report
EDINETAmended
2025-09-25
Change Report
EDINETAmended
2025-09-25
Change Report
TDnet
2025-09-12
Q3 Earnings Flash
FY ending Oct 2025
EDINETAmended
2025-08-14
Change Report
EDINET
2025-06-13
Semi-Annual Securities Report
Period: Nov 2024 – Apr 2025
TDnetAmended
2025-06-09
Q1 Earnings Flash
FY ending Oct 2025
EDINETAmended
2025-06-09
Amended Quarterly Securities Report
Period: Feb 2024 – Apr 2024
EDINETAmended
2025-06-09
Amended Annual Securities Report
Period: Nov 2022 – Oct 2023
EDINETAmended
2025-06-09
Amended Annual Securities Report
Period: Nov 2023 – Oct 2024
EDINETAmended
2025-06-09
Amended Quarterly Securities Report
Period: Nov 2023 – Jan 2024
TDnet
2025-03-14
Q1 Earnings Flash
FY ending Oct 2025
EDINET
2025-01-30
Annual Securities Report
Period: Nov 2023 – Oct 2024
EDINET
2024-06-14
Quarterly Securities Report
Period: Feb 2024 – Apr 2024
EDINET
2024-03-15
Quarterly Securities Report
Period: Nov 2023 – Jan 2024
EDINET
2024-01-30
Annual Securities Report
Period: Nov 2022 – Oct 2023
EDINET
2023-09-14
Quarterly Securities Report
Period: May 2023 – Jul 2023
EDINET
2023-06-14
Quarterly Securities Report
Period: Feb 2023 – Apr 2023
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