Overview
Services

WELLNET CORPORATION

Wellnet Corporation provides multi-channel payment and authentication services connecting businesses (billers) with consumers across Japan. Its core offerings include billing and collection services via convenience store networks (~55,200 stores), paperless E-billing solutions, remittance services, and a server-based electronic money service through its smartphone app 'Shiharai Hisho.' The company also offers transportation DX solutions, including the 'Basmori!' app for bus/rail ticket reservation and digital ticketing, serving major airlines, railways, bus operators, and e-commerce platforms.

Market Cap
¥11.6B
US$73.9M
EV
¥-1.01B
-US$6.43M
Stock¥612▼-0.65%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
10.7
x
LTM PBR
1.3
x
2026-08-25 closing price basis: ranked #70 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-16B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-34.5%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
11.6BUS$73.9MMarket Cap1.50BUS$9.55M+ Debt13.3BUS$84.8M− Cash0.80BUS$5.09M− Inv. Sec.-1.01B-US$6.43MEV
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Performance & Balance
Revenue 5Y (¥B)
8.95US$57.0M'22/69.42US$60.0M'23/610.1US$64.5M'24/610.9US$69.5M'25/610.1US$64.0M'26/6
EBITDA 5Y (¥B)
1.19US$7.55M'22/61.34US$8.56M'23/61.54US$9.78M'24/61.82US$11.6M'25/61.70US$10.8M'26/6
Net Income 5Y (¥B)
0.53US$3.39M'22/60.64US$4.04M'23/60.84US$5.32M'24/61.08US$6.86M'25/61.08US$6.88M'26/6
Capital Structure
86%
EquityD/E 0.16xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
13.4US$85.3M1.90US$12.1M'22/614.1US$89.9M1.80US$11.5M'23/616.8US$107M1.73US$11.0M'24/617.6US$112M1.60US$10.2M'25/614.1US$89.9M1.50US$9.55M'26/6
Shareholders
Top 10 hold 25.7%
1
Sumitomo Mitsui Banking Corporation
4.84%
2
Tokyo Small and Medium Business Investment & Consultation Co., Ltd.
3.23%
3
Kazuhiro MIYAZAWA
3.04%
4
Hikari Tsushin, Inc. Investment Limited Liability Partnership
2.62%
5
Custody Bank of Japan, Ltd. (Trust Account)
2.51%
6
Tadao SUDA
2.34%
7
RE FUND 107-CLIENT AC (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.90%
8
Yoshiaki WATANABE
1.81%
9
Nippon Life Insurance Company
1.79%
10
Masayuki TAKAHASHI
1.65%
Management
8 officers
Kazuhiro MIYAZAWA
Representative Director, Executive Officer, President
Mar 1983 Joined Toyo Keiki Co., Ltd. Mar 1996 Joined Ichitaka Takahashi Co., Ltd. (now Ichitaka Gas One Co., Ltd.) Sep 1996 Joined the Company as Director, General Manager of Sales Department Sep 2009 Representative Director, Executive Officer, President of the Company (current)
1960-02-24
Tatsuya KATO
Director, Executive Officer, General Manager of Head Office Sales Department
Apr 1988 Joined Sumitomo Bank (now Sumitomo Mitsui Banking Corporation) Apr 2009 Seconded to Sumitomo Mitsui Banking (China) Co., Ltd. (Shanghai) Apr 2013 Sumitomo Mitsui Banking Corporation, General Manager of Payment Operations Department Apr 2017 Same bank, General Manager of Global Payment Operations Department Apr 2020 Same bank, General Manager of Transaction Banking Sales Department Apr 2021 The Company, Executive Officer, General Manager of President's Office Jul 2021 The Company, Executive Officer, General Manager of Payment Innovation Promotion Department and President's Office Sep 2021 The Company, Director, Executive Officer, General Manager of Payment Innovation Promotion Department May 2023 Tokyo Beauty Co., Ltd., Chairman of the Board of Directors (current) Jul 2024 The Company, Director, Executive Officer, General Manager of Head Office Sales Department (current)
1965-02-01
Keisuke YOSHIMOTO
Director, Executive Officer, Head of West Japan Branch and General Manager of Head Office President's Office
Apr 1986 Joined Mitsui & Co., Ltd. Dec 1993 Same company, Deputy Manager, Machinery, Information and Fuel Division, Hokkaido Branch Apr 1999 Same company, Manager, Telecom Business Department, Information & Industry Division Apr 2001 Mitsui Tele-Park Co., Ltd. (now T-Gaia Corporation), General Manager, Sales Division, Mobile Business Division Oct 2009 T-Gaia Corporation, Executive Officer, Head of Sales Division 1 Jun 2011 Same company, Senior Executive Officer, Head of Sales Division 1 Apr 2017 Same company, Managing Executive Officer, Head of Mobile Division 1 Apr 2023 The Company, General Manager of President's Office and Business Promotion Department Jul 2023 The Company, Executive Officer, Head of West Japan Branch and General Manager of President's Office Sep 2023 The Company, Director, Executive Officer, Head of West Japan Branch and General Manager of President's Office Jul 2024 The Company, Director, Executive Officer, Head of West Japan Branch and General Manager of Head Office President's Office (current)
1963-05-12
Yukio HIGASHIHARA
Director, Executive Officer, General Manager of Administration Department
Apr 1982 Joined Hokuyo Mutual Bank (now The Hokuyo Bank, Ltd.) Jan 2006 The Hokuyo Bank, Ltd., General Manager, Nishisen Branch Oct 2008 Same bank, General Manager, Sapporo Minami Branch Jun 2010 Same bank, Managing General Manager, Systems Department Jun 2011 Same bank, General Manager, Systems Department Jun 2012 Same bank, Executive Officer, General Manager, Hakodate Chuo Branch Jun 2014 Same bank, Director, General Manager, Business Strategy Department Jun 2016 Same bank, Managing Director Jun 2017 Kouyou Fudosan Co., Ltd., Representative Director, President Jun 2023 Same company, Adviser Sep 2023 The Company, Director (Audit and Supervisory Committee Member) Sep 2024 The Company, Director, Executive Officer, General Manager of Administration Department (current)
1959-03-12
Yoji CHUJO
Director, Executive Officer, General Manager of Service Development Department
Apr 1988 Joined Fuji Bank (now Mizuho Bank, Ltd.) May 2009 Mizuho Bank, Ltd., Deputy General Manager, IT Systems Division Apr 2014 Mizuho Information & Research Institute, Inc. (now Mizuho Bank, Ltd.), General Manager, Business Division Jun 2019 Nippon Investor Solution and Technology Co., Ltd., Managing Director Aug 2024 The Company, Adviser Sep 2024 The Company, Director, Executive Officer, General Manager of Service Development Department (current)
1964-05-29
Takashi HANAZAWA
Director, Audit and Supervisory Committee Member
Apr 1976 Joined Nippon Telegraph and Telephone Public Corporation (now NTT, Inc.) Jun 2007 Same company, Director, General Manager of Research Planning Division Jun 2010 NTT Advanced Technology Corporation, Representative Director, President Jun 2015 Same company, Director, Senior Adviser Sep 2017 The Company, Director (Audit and Supervisory Committee Member) (current)
1951-05-09
Yoshinori URATA
Director, Audit and Supervisory Committee Member
Apr 1983 Joined Hokkaido Bank, Ltd. Jun 2005 Same bank, Deputy General Manager, Head Office Sales Department Jun 2008 Same bank, General Manager, Kitami Branch Jul 2011 Same bank, General Manager, Corporate Planning Department Oct 2012 Dogin Regional Research Institute Co., Ltd., Managing Executive Officer Feb 2016 Same company, Senior Managing Executive Officer Jun 2019 Hokkaido Venture Capital Co., Ltd., Representative Director (current) Sep 2021 The Company, Director (Audit and Supervisory Committee Member) (current) Aug 2024 Impl Co., Ltd., Outside Director Jun 2026 Nihon Grande Co., Ltd., Audit & Supervisory Board Member (current)
1961-01-13
Yumi YAMAMOTO-TYRRELL
Director, Audit and Supervisory Committee Member
Jan 2001 Nomura International plc, London, UK, Director Mar 2009 Pronet Analytics plc, IIR Group, London, UK, PSQ Analytics Sales Director Oct 2009 Sosei Group Corporation (now Nexera Pharma Corporation), London Branch, CSR & IR Director May 2011 ARJ (Europe) Limited (Advanced Research Japan), London Branch, Managing Director Jun 2014 Nippon Investment Bespoke Research UK Ltd., Representative Director (current) Sep 2024 The Company, Director (Audit and Supervisory Committee Member) (current)
1970-03-02
Large Shareholding Reports
Sumitomo Mitsui DS Asset Management Company, Limited
2025-11-10
3.14%→4.77%
Sumitomo Mitsui Banking Corporation
2025-09-22
4.74%→4.74%
Annual report (as of 2026-06-30): 4.84%
Sumitomo Mitsui Banking Corporation
2025-08-07
4.74%→4.74%
Annual report (as of 2026-06-30): 4.84%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-24
Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2026-08-10
Full-Year Earnings Flash
FY ending Jun 2026
TDnet
2026-04-30
Q3 Earnings Flash
FY ending Jun 2026
EDINET
2026-02-13
Semi-Annual Securities Report
Period: Jul 2025 – Jun 2026
EDINET
2025-11-10
Large Shareholding Report
TDnet
2025-10-30
Q1 Earnings Flash
FY ending Jun 2026
EDINET
2025-09-25
Annual Securities Report
Period: Jul 2024 – Jun 2025
EDINET
2025-09-22
Large Shareholding Report
EDINET
2025-08-07
Large Shareholding Report
TDnet
2025-04-30
Q3 Earnings Flash
FY ending Jun 2025
EDINET
2025-02-14
Semi-Annual Securities Report
Period: Jul 2024 – Jun 2025
TDnet
2024-10-30
Q1 Earnings Flash
FY ending Jun 2025
EDINETAmended
2024-10-25
Amended Annual Securities Report
Period: Jul 2023 – Jun 2024
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
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-09-22
Annual Securities Report
Period: Jul 2022 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-09-22
Annual Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-09-24
Annual Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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