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Overview

Terra Drone Corporation

Terra Drone is a global industrial drone solutions provider operating across two business segments: Drone Solutions and UTM (Unmanned Traffic Management). The Drone Solutions segment delivers integrated hardware, software, and services for surveying, inspection, and agricultural applications, targeting construction, energy, oil & gas, and agriculture sectors across Japan, Indonesia, the Netherlands, Malaysia, and Saudi Arabia. The UTM segment, anchored by Belgian subsidiary Unifly NV, develops and operates drone traffic management platforms for government and aviation authorities, positioning the company as a global platform operator in the low-altitude airspace economy.

Market Cap

¥116B

US$740M

¥108B

US$692M

Stock¥5,580▼-3.29%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

71.1

LTM EV/EBIT

109.5

LTM PER

LTM PBR

11.8

Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+210.8%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Jun 16, 26Q1 FY2027/01 earnings announced

2Aug 4, 26TSE lifted temporary margin trading restrictions effective Aug 4 trading

3Aug 27, 26Stock split announced, share hits new high on hopes of wider investor base

4Sep 2, 26Partnership with Malaysia's DRB-Hicom defense unit, entering SE Asia defense market

5Sep 15, 26Q2 FY2027/01 earnings announced

MC → EV Bridge

AI Briefing

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

99%

EquityD/E 0.01xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 58.2%

as of 2026-07-31 · Source: Annual Securities Report

tella,Inc.

37.08%

Toru TOKUSHIGE

12.73%

BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC) (Standing Proxy: MUFG Bank, Ltd.)

1.56%

Morgan Stanley MUFG Securities Co., Ltd.

1.35%

NOMURA INTERNATIONAL PLC A/C JAPAN FLOW (Standing Proxy: Nomura Securities Co., Ltd.)

1.27%

Teppei SEKI

0.92%

Kota KANDORI

0.91%

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

0.88%

Nomura Securities Co., Ltd.

0.84%

Nanto CVC No. 2 Investment Limited Partnership

0.64%

Management

8 officers

Toru TOKUSHIGE

Representative Director, President

Apr 1994 Joined Sumitomo Marine & Fire Insurance Co., Ltd. (current: Mitsui Sumitomo Insurance Co., Ltd.) Dec 2000 Joined Business Café, Inc. (USA) May 2004 Appointed Representative Director, Shoyo Kaiun Co., Ltd. Apr 2010 Established Terra Motors Co., Ltd. (current: Terra Charge Co., Ltd.); appointed Representative Director, President Feb 2016 Established the Company; appointed Representative Director, President (current) Nov 2016 Appointed Director, Unifly NV (current) Feb 2022 Appointed Representative Director, President, Terra Global Co., Ltd. Feb 2024 Appointed Representative Director, President, Terra Charge Co., Ltd. (current) Mar 2025 Appointed Director, Terra DX Solutions Co., Ltd. Dec 2025 Appointed Representative Director, President, Terra DX Solutions Co., Ltd. (current)

1970-01-23

Teppei SEKI

Director

Apr 2012 Joined Terra Motors Co., Ltd. (current: Terra Charge Co., Ltd.) May 2017 Joined the Company Feb 2021 Appointed Director, the Company (current) Mar 2022 Appointed Director, Terra Global Co., Ltd. Jun 2022 Executive Officer in charge of Administration, the Company Jul 2023 Appointed Director, Terra Drone Agri Sdn. Bhd. (current) Nov 2023 Appointed Komisaris, PT. Terra Drone Indonesia (current) Mar 2025 Appointed Director, Terra DX Solutions Co., Ltd. (current) Feb 2026 Executive Officer in charge of HR/IR and Business, the Company (current)

1989-11-07

Kota KANDORI

Director

Apr 2011 Joined Terra Motors Co., Ltd. (current: Terra Charge Co., Ltd.) Aug 2015 Appointed Director, Terra Motors India Private Limited Jan 2018 Appointed Representative Director, Terra Drone India Private Limited Jul 2019 Joined the Company Jun 2021 Appointed Executive Officer in charge of Business and Development, the Company Feb 2023 Appointed Representative Director, Terra Drone Arabia for Drone (current) Apr 2023 Appointed Director, the Company (current) Jul 2023 Appointed Director, Terra Drone Agri Sdn. Bhd. (current) Nov 2023 Appointed Director, PT. Terra Drone Indonesia (current) Dec 2023 Appointed Director, Terra Inspectioneering B.V. (current) Feb 2026 In charge of New Business Development, the Company (current)

1987-01-12

Keisuke FUKADA

Outside Director

Oct 2002 Joined The Tokyo-Mitsubishi Bank, Ltd. (current: MUFG Bank, Ltd.) Nov 2004 Joined Lehman Brothers Securities Co., Ltd. Sep 2008 Joined Nomura Securities Co., Ltd. Jun 2016 Appointed Director, ZUU Co., Ltd. Sep 2019 Appointed Director, Star Festival Co., Ltd. (current) May 2021 Appointed Corporate Auditor, EAGLYS Inc. Jun 2021 Appointed Outside Director, the Company (current) Sep 2021 Appointed Representative Director, SBI Equity Cloud Co., Ltd. Jul 2025 Appointed Representative Director, Angel Navi Capital Co., Ltd. (current)

1978-07-11

Nobutoshi MAEDA

Outside Director

Apr 1998 Joined Nippon Investment Finance Co., Ltd. (current: Daiwa Corporate Investment Co., Ltd.) Mar 2000 Joined Cross Head Co., Ltd. Feb 2002 Joined NIF Ventures Co., Ltd. (current: Daiwa Corporate Investment Co., Ltd.) Jan 2008 Joined Well Investment Co., Ltd. Apr 2019 Established NV Ventures Co., Ltd.; appointed Representative Director (current) Jun 2019 Technology Management Advisor, New Energy and Industrial Technology Development Organization (NEDO) (current) Apr 2020 Supporter, K-NIC (Kawasaki-NEDO Innovation Center) (current) Apr 2021 Member, Startup Support Committee, Japan Atomic Energy Agency (current) Jun 2021 Mentor, Nexus Ecosystem Xs Tokyo Project (NEXs Tokyo), Tokyo Metropolitan Government (current) Apr 2023 Appointed Corporate Auditor, the Company Jul 2023 Advisor, General Incorporated Association Kapion Education (current) Nov 2023 Appointed Director, the Company (current) Mar 2024 Corporate Auditor, Hachiraku Co., Ltd. (current) Apr 2024 Specially Appointed Professor, Organization for Academic Research and Industry-Academia-Government Collaboration, Shinshu University (current) Apr 2024 Venture Partner, Vision Incubate Co., Ltd. (current)

1974-10-29

Yoshifumi OTANI

Full-time Corporate Auditor

Apr 1983 Joined Japan Travel Bureau Inc. (current: JTB Corp.) Mar 1994 Obtained MBA, Keio University Nov 2008 Appointed Representative Director, President, JTB Media Retailing Co., Ltd. Mar 2021 Left JTB Media Retailing Co., Ltd. and JTB Corp. Aug 2021 Senior Advisor, Tokyu Hotels & Resorts Co., Ltd. (current) Apr 2025 Appointed Corporate Auditor, the Company (current)

1958-11-15

Kazuki HIDA

Part-time Corporate Auditor

Dec 2007 Joined Deloitte Touche Tohmatsu LLC May 2011 Left Deloitte Touche Tohmatsu LLC Jun 2011 Enrolled, Thunderbird School of Global Management Dec 2012 Graduated, Thunderbird School of Global Management Jan 2013 Joined Hida Certified Public Accountant Office Jun 2016 Established Hida Tax Accountant Corporation (current: Sherpa Tax Accountant Corporation); Partner (current) Dec 2016 Director and CFO, AI Inside Inc. Nov 2019 Appointed Director, Admi Share Inc. (current) May 2022 Appointed Representative Member, Sherpa LLC (current) Apr 2025 Appointed Corporate Auditor, the Company (current)

1984-08-28

Naoko TOKUMOTO

Part-time Corporate Auditor

Oct 2011 Passed Japanese Bar Examination Dec 2012 Registered as Attorney-at-Law (Daini Tokyo Bar Association) Jan 2013 Joined Jones Day Gaikokuhou Joint Enterprise Oct 2019 Ministry of Foreign Affairs, Economic Treaties Division, International Law Bureau (fixed-term staff) Mar 2022 Passed New York State Bar Examination May 2022 Joined ZeLo Law Office (current) Nov 2022 Registered as attorney in New York State Sep 2023 Appointed Part-time Corporate Auditor, Commerce Robotics Inc. (current) Nov 2023 Appointed Corporate Auditor, the Company (current)

1986-04-30

Large Shareholding Reports

Tera Co., Ltd.

2026-09-15

38.17%→34.10%

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

Annual report (as of 2026-07-31): 37.08%

Tera Co., Ltd.

2026-09-14

38.17%→34.10%

Annual report (as of 2026-07-31): 37.08%

Mizuho Securities Co., Ltd.

2026-08-07

6.11%→4.73%

Mizuho Securities Co., Ltd.

2026-07-23

6.11%

Saudi Aramco Entrepreneurship Ventures Company Limited

2026-04-22

5.19%→3.44%

SBI Investment Co., Ltd.

2026-04-09

3.86%→2.29%

SBI Investment Co., Ltd.

2026-03-18

4.13%→3.86%

SBI Investment Co., Ltd.

2026-01-20

4.13%

SBI Investment Co., Ltd.

2026-01-09

4.90%→4.14%

Tera Co., Ltd.

2026-01-09

41.28%→39.57%

Annual report (as of 2026-07-31): 37.08%

Tera Co., Ltd.

2026-01-09

39.57%→39.57%

Annual report (as of 2026-07-31): 37.08%

Tera Co., Ltd.

2026-01-09

39.57%→39.57%

Annual report (as of 2026-07-31): 37.08%

Disclosures

No disclosures

Primary Source Filings

EDINETAmended

2026-09-15

Change Report

Terra Drone Corporation

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Terra Drone Corporation

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