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Overview

Growth xPartners,Inc.

Growth xPartners provides Enterprise DX (Digital Transformation) services to large Japanese corporations across industries including healthcare, retail, mobility, telecommunications, construction, manufacturing, and finance. The company supports clients through DX consulting, agile system development, legacy IT modernization, and data-driven platform construction, with a distinctive 'Dejima-type' approach that helps clients build self-sustaining in-house DX organizations. Key clients include leading enterprises such as Isetan Mitsukoshi Holdings and Taisei Corporation, with 21 enterprise clients as of FY2025 and a customer retention rate of 86.6%.

Market Cap

¥3.96B

US$25.3M

¥1.69B

US$10.7M

Stock¥1,181▼-1.42%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

3.1

LTM EV/EBIT

3.3

LTM PER

10.0

LTM PBR

1.0

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-56.1%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Jul 16, 26Q3 FY2026/08 earnings announced

2Oct 16, 26Full-year FY2026/08 earnings announced

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

95%

EquityD/E 0.06xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 77.3%

as of 2026-02-28 · Source: Annual Securities Report

Watanabe & Partners Co., Ltd.

34.27%

Shinichi WATANABE

21.26%

TOYOTA TSUSHO CORPORATION

3.87%

NIPRO CORPORATION

3.87%

Custody Bank of Japan, Ltd. (Trust Account)

3.31%

The Master Trust Bank of Japan, Ltd. (Trust Account)

3.25%

Hideaki OKUYAMA

2.74%

BBH LUX/BROWN BROTHERS HARRIMAN (LUXEMBOURG) SCA CUSTODIAN FOR SMD-AM FUNDS - DSBI JAPAN EQUITY SMALL CAP ABSOLUTE VALUE (Standing Proxy: Sumitomo Mitsui Banking Corporation)

1.79%

Mitsukoshi Isetan Systems & Solutions Co., Ltd.

1.49%

Kentaro KAWANISHI

1.45%

Management

10 officers

Shinichi WATANABE

Representative Director, President

Jul 2008 Founded the Company; Representative Director, President (current) May 2012 Representative Director, President, GR Solutions Co., Ltd. Sep 2014 Director, Growth Inc. Co., Ltd. Mar 2015 Representative Director, President, G's Diner Co., Ltd. Mar 2015 Director, Mieruka Co., Ltd. Jun 2016 Representative Director, President, Nipro System Software Engineering Co., Ltd. (now Nipro Digital Technologies Co., Ltd.) Aug 2016 Representative Director, President, Comdeck Co., Ltd. Nov 2018 Director, Growth Architecture & Teams Co., Ltd. (current) Oct 2019 Director, IM Digital Lab Co., Ltd. (current) Dec 2019 Director, Nipro Digital Technologies Europe N.V. (current) Jul 2020 Representative Director, Watanabe & Partners Co., Ltd. (current) Jun 2022 Director, Nipro System Software Engineering Co., Ltd. (now Nipro Digital Technologies Co., Ltd.) (current) Sep 2022 Representative Director, GxP Co., Ltd. Sep 2023 Director, GxP Co., Ltd.

1969-04-02

Kentaro KAWANISHI

Director, General Manager of Corporate Administration Division

Apr 1987 Joined Nomura Securities Co., Ltd. Mar 1990 Registered as Certified Public Accountant Jul 1997 Director, D-Brain Securities Co., Ltd. (now Nippon Cloud Securities Co., Ltd.) Jul 1999 Director, ATL Systems Co., Ltd. Sep 2002 Joined Nomura Securities Co., Ltd. Jan 2018 Opened Kentaro Kawanishi Certified Public Accountant and Tax Accountant Office (current) Jan 2018 Advisor to the Company Feb 2018 Director, General Manager of Business Planning Division Nov 2018 Representative Director, GxP Co., Ltd. Nov 2023 Director, General Manager of Corporate Administration Division (current) Apr 2025 Director, GxP Technologies India Pvt. Ltd. (current)

1963-06-18

Satoru KAMATA

Director, General Manager of Sales Planning

Apr 1991 Joined Nichisho Electronics Co., Ltd. (now Sojitz Tech Innovation Corporation) Dec 1993 Joined Sybase K.K. (now SAP Japan Co., Ltd.) Nov 1996 Joined Hewlett-Packard Japan, Ltd. (now Hewlett Packard Japan, G.K.) Dec 2014 Joined the Company; Representative Director, GR Solutions Co., Ltd. Apr 2015 Executive Officer, the Company Oct 2019 Director, GxP Co., Ltd. (current) Sep 2023 Representative Director, GxP Co., Ltd. Nov 2023 Director, General Manager of Sales Planning (current) Nov 2025 Advisor, MONO-X Co., Ltd. (current)

1968-12-23

Minoru IKUMA

Director

Apr 1991 Joined Nomura Securities Co., Ltd. Jul 1999 Joined Capitaldotcom Co., Ltd. (now SBI Financial Support Co., Ltd.) Sep 1999 Joined H.I.S. Co., Ltd. Feb 2004 Managing Director, General Manager of Corporate Information Division, Value Creation Co., Ltd. Mar 2004 Representative Director, Michinoku Co., Ltd. (current) Dec 2006 Executive Officer, General Manager of Capital Markets Division, H.S. Securities Co., Ltd. (now J Trust Global Securities Co., Ltd.) Nov 2007 Director, General Manager of Investment Banking Division, H.S. Securities Co., Ltd. Jun 2016 Joined SBI Securities Co., Ltd.; Executive Officer Feb 2021 Advisor to the Company Apr 2021 Director and Partner, Hibiki Partners Co., Ltd. (current) Apr 2021 Director, Las Cars Capital Co., Ltd. (current) Oct 2021 Director, the Company (current) Jun 2023 Audit & Supervisory Board Member, Oyanokoto Station Co., Ltd. (current) Mar 2025 Director, Klearance Smeared Co., Ltd. (current)

1967-07-24

Tomohiro KAGAWA

Full-time Audit & Supervisory Board Member

May 2002 Joined Jewel Fujimi Co., Ltd. Apr 2004 Joined Tokyo Financial Exchange Inc. Jan 2006 Joined Nomura Securities Co., Ltd. Dec 2016 Joined Tsumura Law Office Jan 2017 Registered as attorney-at-law Apr 2020 Specialist Advisor, Tokyo Metropolitan Foundation for Education Support (current) Dec 2020 Advisor to the Company Oct 2021 Full-time Outside Audit & Supervisory Board Member, the Company (current) Nov 2022 Outside Audit & Supervisory Board Member, the Company (current) Audit & Supervisory Board Member, GR Solutions Co., Ltd. Audit & Supervisory Board Member, Growth Inc. Co., Ltd. Audit & Supervisory Board Member, Growth Architecture & Teams Co., Ltd. (current) Audit & Supervisory Board Member, GxP Co., Ltd. (current)

1973-06-06

Shoichi NAGAMATSU

Director

Apr 1982 Joined Nomura Securities Co., Ltd. Apr 2004 Executive Officer, Nomura Securities Co., Ltd. Oct 2008 Executive Officer, Nomura Holdings, Inc.; Executive Officer, Nomura Securities Co., Ltd. Jun 2010 Managing Executive Officer, Nomura Holdings, Inc.; Managing Executive Officer, Nomura Securities Co., Ltd. Jun 2012 Representative Executive Officer and Managing Executive Officer, Nomura Securities Co., Ltd. Apr 2013 Executive Officer, Corporate Administration, Nomura Holdings, Inc.; Executive Officer and Senior Managing Executive Officer, Nomura Securities Co., Ltd. Apr 2016 Representative Executive Vice President, Nomura Securities Co., Ltd. Apr 2017 Representative Executive Vice President, Corporate Administration, Nomura Holdings, Inc.; Director, Nomura Securities Co., Ltd. Apr 2018 Representative Executive Vice President, Nomura Holdings, Inc. Jun 2018 Director and Representative Executive Vice President, Nomura Holdings, Inc. Apr 2020 Director, Nomura Holdings, Inc. Jun 2020 Advisor, Nomura Holdings, Inc. Jun 2020 Director (non-executive), Nomura Real Estate Holdings, Inc. Apr 2021 Chairman of the Board, Nomura Real Estate Holdings, Inc. Apr 2021 Director, Nomura Real Estate Development Co., Ltd. Apr 2023 Director, Nomura Real Estate Holdings, Inc.; Advisor, Nomura Real Estate Development Co., Ltd. Aug 2023 Director, the Company (current) Feb 2024 Chairman of the Board, Newton Investment Partners Co., Ltd. (now Japan Activation Capital Co., Ltd.) (current)

1958-07-06

Mari SOGANO

Director

Apr 1986 Joined Citibank, N.A., Tokyo Branch Jan 1994 Joined Japan Personnel & Labor Research Institute Co., Ltd. Sep 1995 Joined RKC Associates Co., Ltd. Jun 2004 General Manager, Personnel System, Labor and Recruitment, Lawson, Inc. Nov 2008 General Manager, Human Resources, Tokyo Star Bank, Ltd. Jul 2010 General Manager, Strategic HR and Labor, Human Resources Division, Amazon Japan G.K. Dec 2023 Director, the Company (current) Dec 2023 Director, Cyclers Co., Ltd. (current)

1963-04-29

Hajime KAWAMURA

Director

Apr 1981 Joined Marubeni Corporation Apr 2012 Executive Officer, Deputy General Manager, Plant & Industrial Machinery Division, Marubeni Corporation Apr 2013 Executive Officer, General Manager, Plant & Industrial Machinery Division, Marubeni Corporation Apr 2014 Executive Officer, General Manager, Plant Division, Marubeni Corporation Apr 2016 Managing Executive Officer, General Manager, Plant Division, Marubeni Corporation Apr 2018 Managing Executive Officer, Americas; President & CEO, Marubeni America Corporation Apr 2019 Senior Managing Executive Officer, Group CEO, Social Infrastructure & Financial Group, Marubeni Corporation Jun 2020 Outside Director, Mizuho Leasing Company, Limited Apr 2023 Special Advisor, Marubeni Corporation Jun 2023 Senior Advisor, Newton Investment Partners Co., Ltd. (now Japan Activation Capital Co., Ltd.) (current) Feb 2024 Outside Director, Tsudakoma Corporation (current) Oct 2025 Advisor to the Company Nov 2025 Director, the Company (current)

1958-11-11

Yuji UCHIDA

Audit & Supervisory Board Member

Apr 1985 Joined Isetan Co., Ltd. (now Mitsukoshi Isetan Co., Ltd.) Apr 2007 Director, General Manager of Planning Office, Isetan Data Center Co., Ltd. (now Mitsukoshi Isetan Systems & Solutions Co., Ltd.) Jul 2008 Director, General Manager of General Administration Division, Mitsukoshi Isetan Systems & Solutions Co., Ltd. Apr 2020 Managing Director, General Manager of Management Planning Office, Mitsukoshi Isetan Facilities Co., Ltd. Apr 2022 Advisor to the Company Nov 2022 Outside Audit & Supervisory Board Member, the Company (current) Audit & Supervisory Board Member, GR Solutions Co., Ltd. Audit & Supervisory Board Member, Growth Inc. Co., Ltd. Audit & Supervisory Board Member, Growth Architecture & Teams Co., Ltd. (current) Audit & Supervisory Board Member, GxP Co., Ltd. (current)

1962-08-03

Yoshinori KUBOTA

Audit & Supervisory Board Member

Apr 2003 Joined Daiwa Securities Co., Ltd. Dec 2006 Joined Arata Audit Corporation (now PwC Japan LLC) Jul 2010 Registered as Certified Public Accountant Jun 2015 Opened Yoshinori Kubota Certified Public Accountant and Tax Accountant Office (current) May 2020 Designated Member, KAF LLC (current) Mar 2021 Audit & Supervisory Board Member, Fujikemi Trading Co., Ltd. (current) Nov 2022 Outside Audit & Supervisory Board Member, the Company (current) Audit & Supervisory Board Member, GxP Co., Ltd. (current)

1980-03-12

Large Shareholding Reports

Watanabe&Partners

2026-04-16

34.37%→34.04%

Annual report (as of 2026-02-28): 34.27%

Shinichi WATANABE

2026-04-16

21.32%→21.12%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Annual report (as of 2026-02-28): 21.26%

Sumitomo Mitsui DS Asset Management Company, Limited

2025-12-19

5.00%

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-10-15

Full-Year Earnings Flash

FY ending Aug 2026

Growth xPartners,Inc.

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Growth xPartners,Inc.

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