Overview
Information & Communication

Digital Arts Inc.

Digital Arts Inc. develops and sells internet security software and appliance products for enterprises, public institutions, and consumers in Japan. Its core product lineup includes i-FILTER (web security/filtering), m-FILTER (email security), FinalCode (file encryption and remote deletion), and DigitalArts@Cloud (integrated cloud security covering web, email, and file protection). The company's proprietary 'white-list' database approach, covering over 99% of domestically searchable URLs and verified safe email senders, differentiates its solutions by blocking both known and unknown cyber threats including targeted attacks, phishing, and malware infections.

Market Cap
¥80.7B
US$515M
EV
¥56.8B
US$362M
Stock¥6,040▲+4.14%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.4
x
LTM EV/EBIT
11.3
x
LTM PER
22.5
x
LTM PBR
4.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-44.0%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
80.7BUS$515MMarket Cap0.00BUS$0.00M+ Debt24.0BUS$153M− Cash0.00BUS$0.00M− Inv. Sec.56.8BUS$362MEV
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Performance & Balance
Revenue 5Y (¥B)
9.05US$57.7M'22/310.4US$66.6M'23/311.5US$73.4M'24/39.98US$63.7M'25/310.8US$69.1M'26/3
EBITDA 5Y (¥B)
5.02US$32.0M'22/35.30US$33.8M'23/35.31US$33.9M'24/35.47US$34.9M'25/35.77US$36.8M'26/3
Net Income 5Y (¥B)
2.90US$18.5M'22/33.06US$19.5M'23/34.38US$27.9M'24/33.18US$20.3M'25/33.43US$21.9M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
15.9US$101M'22/317.1US$109M'23/318.4US$118M'24/318.0US$114M'25/323.1US$147M'26/3
Shareholders
Top 10 hold 59.1%
1
Toshio DOGU
16.80%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
13.35%
3
Custody Bank of Japan, Ltd. (Trust Account)
8.05%
4
DAM Co., Ltd.
5.28%
5
BNYMSANV RE BNYMSANVDUB RE LEGAL (AND) GENERAL UCITS ETF PLC (Standing Proxy: MUFG Bank, Ltd.)
5.27%
6
BNP PARIBAS LUXEMBOURG/2S/JASDEC/FIM/LUXEMBOURG FUNDS/UCITS ASSETS (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
2.90%
7
BNYM AS AGT/CLTS NON TREATY JASDEC (Standing Proxy: MUFG Bank, Ltd.)
2.53%
8
THE BANK OF NEW YORK MELLON 140040 (Standing Proxy: Mizuho Bank, Ltd.)
1.85%
9
THE CHASE MANHATTAN BANK, N. A. LONDONSECS LENDING OMNIBUS ACCOUNT (Standing Proxy: Mizuho Bank, Ltd.)
1.67%
10
Hikari Tsushin K.K. Investment Limited Partnership
1.41%
Management
5 officers
Toshio DOGU
Representative Director, President; Head of Corporate Planning Headquarters
Oct 1997 Appointed Representative Director, President, the Company Nov 2005 Representative Director, President, IQS Inc. Dec 2006 Representative Director, President, DAM Co., Ltd. (current) Apr 2011 Director, President and CEO, Digital Arts America, Inc. (current) Jun 2012 Director, Digital Arts Investment, Inc. May 2013 Representative Director, President, Porcast Japan Co., Ltd. Oct 2013 Representative Director, President, DA Co., Ltd. (current) Oct 2013 Representative Director, President, DM Co., Ltd. (current) Apr 2014 Director, President and CEO, FinalCode, Inc. Nov 2015 Director, Digital Arts Asia Pacific Pte. Ltd. (current) Sep 2016 Director, Digital Arts Europe Limited (current) Jan 2026 Representative Director, President, the Company; Head of Corporate Planning Headquarters (current)
1968-02-17
Takuya MATSUMOTO
Director; Head of Development Headquarters
Apr 1999 Joined Comas Inc. Apr 2003 Joined the Company, Development Department Apr 2014 Manager in charge, Development Department Oct 2016 General Manager, Development Department Jun 2017 Director, General Manager, Development Department Dec 2017 Director, General Manager, Development Department; concurrently General Manager, New Development Department Apr 2018 Director, General Manager, Development Department Jun 2025 Director, Head of Development Headquarters (current)
1976-11-04
Masataka UESUGI
Director (Audit and Supervisory Committee Member)
Apr 1995 Joined Emori, Kawamori & Atsumi Law Office Apr 1999 Opened Uesugi Law Office; Head Sep 2000 Partner Attorney, AMREC Law & Accounting Office Jun 2003 Outside Audit & Supervisory Board Member, the Company Jun 2007 Outside Audit & Supervisory Board Member, jig.jp Inc. (current) Jun 2013 Outside Audit & Supervisory Board Member, Commerce One Holdings Inc. (current) Dec 2013 Outside Audit & Supervisory Board Member, Ceres Inc. Nov 2014 Outside Audit & Supervisory Board Member, Aiming Inc. (current) Mar 2015 Senior Partner, Sakuradori Sogo Law Office (current) Mar 2016 Outside Director (Audit and Supervisory Committee Member), Fullcast Holdings Co., Ltd. (current) Jun 2016 Outside Director (Audit and Supervisory Committee Member), the Company (current) Mar 2021 Outside Director (Audit and Supervisory Committee Member), Ceres Inc. (current)
1965-07-31
Chise KUWAYAMA
Director (Audit and Supervisory Committee Member)
Apr 1995 Joined The Dai-ichi Life Insurance Company, Limited Nov 2004 Joined Deloitte Touche Tohmatsu LLC Mar 2015 Full-time Outside Audit & Supervisory Board Member, Ceres Inc. Mar 2015 Head, Kuwayama Certified Public Accountant Office (current) Mar 2021 Full-time Outside Director (Audit and Supervisory Committee Member), Ceres Inc. Jun 2021 Outside Director (Audit and Supervisory Committee Member), the Company Jun 2022 Full-time Outside Audit & Supervisory Board Member, Sony Network Communications Smart Platform Inc. (now MEEQ Inc.) (current)
1971-05-02
Arisa YANO
Director (Audit and Supervisory Committee Member)
Dec 2015 Joined Seiwa Meitetsu Law Office Sep 2018 Joined Comm&Path Law Office Mar 2023 Outside Audit & Supervisory Board Member, Labol Inc. May 2023 Substitute Audit and Supervisory Committee Member, Ricksoft Inc. (current) Oct 2023 Joined Dojima Law Office (current) Mar 2025 Outside Director (Audit and Supervisory Committee Member), Labol Inc. (current) Sep 2025 Outside Audit & Supervisory Board Member, S-FIT Inc. (current) Jun 2026 Outside Director (Audit and Supervisory Committee Member), the Company
1988-06-15
Large Shareholding Reports
BlackRock Japan Co., Ltd.
2026-06-05
1.62%→1.65%
Amova Asset Management Co., Ltd.
2026-06-04
2.65%→2.20%
Asset Management One Co., Ltd.
2026-01-09
6.46%→4.71%
Toshio DOGU
2025-09-19
18.42%→18.46%
Annual report (as of 2026-03-31): 16.80%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
3.09%→3.09%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-04
2.67%→3.09%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-06-04
Large Shareholding Report
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-09
Large Shareholding Report
EDINET
2025-11-06
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-09-04
Large Shareholding Report
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-06
Quarterly Securities Report
Period: Apr 2023 – Dec 2023
EDINET
2023-11-08
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-04
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-03
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-04
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINET
2022-06-22
Annual Securities Report
EDINET
2022-02-04
Quarterly Securities Report
EDINET
2021-11-05
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-23
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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