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Overview

Retail Trade

Applied Co.,Ltd.

Applied Co., Ltd. operates a multi-segment business centered on PC and gaming products, with 26 directly managed specialty PC stores ('Applied') across Kyushu, Chugoku/Shikoku, Kansai, Hokuriku, and Tokai regions, complemented by system integration (SI) services targeting universities, government agencies, and research institutions with HPC (High Performance Computing) solutions across 25 locations nationwide. The company also manufactures custom PCs and workstations at its Fukuoka facility, and operates industrial computer sales and mail-order channels. Additionally, the group runs cosmetics and miscellaneous goods retail through subsidiary Howz Co., Ltd. (5 stores), and a publishing and advertising business through subsidiary City Information Fukuoka Co., Ltd., which publishes local magazines and operates the 'Fukuoka Navi' content service.

Market Cap

¥12.6B

US$80.1M

¥6.10B

US$38.9M

Stock¥4,645▲+0.98%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

1.6

LTM EV/EBIT

1.7

LTM PER

5.4

LTM PBR

0.9

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-1.7%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Nov 10, 25Strong interim results, FY upgrade

2Dec 8, 25Q3 earnings, dividend increase

MC → EV Bridge

AI Briefing

Fukuoka-based PC retailer/SI integrator with HPC niche in academic & public-sector clients, 26 stores plus 25 SI sites across Japan. FY26/3 revenue ¥48.0B with OP margin expanding to 7.1%, steady growth from ¥38.6B in FY23/3. Net cash balance sheet (EV ¥6.1B vs Market Cap ¥12.5B) with top shareholder Palm KK holding 49.06% — tightly controlled float.

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

100%

EquityD/E 0.00xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 68.8%

as of 2026-03-31 · Source: Annual Securities Report

Palm Co., Ltd.

49.06%

Japan Securities Finance Co.,Ltd.

3.12%

Yoshiharu OKA

2.96%

Applied Co.,Ltd. Employee Stock Ownership Association

2.75%

Seigo NAITO

2.49%

The Nishi-Nippon City Bank, Ltd.

2.49%

Hikari Tsushin Investment Limited Liability Partnership

1.89%

INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)

1.59%

Ueda Yagi Tanshi Co., Ltd.

1.25%

Seizaburo WAKASUGI

1.17%

Management

14 officers

Yoshiharu OKA

Representative Director, Chairman and President

Apr 1976 Joined Sanko Denki Co., Ltd. Aug 1976 Joined Yamaei Tsusho Co., Ltd. Jun 1977 Founded Fukuoka Electronic Parts as a sole proprietorship Sep 1982 Established Applied Co., Ltd. (formerly Fukuoka Electronic Parts Co., Ltd.); Representative Director, President May 2007 Representative Director, City Information Fukuoka Co., Ltd. (current) Jun 2008 Representative Director, Chairman, the Company Jul 2009 Representative Director, Plebi Co., Ltd. (now Hows Co., Ltd.) (current) Nov 2009 Representative Director, Chairman and President, the Company (current)

1952-12-23

Masami SAKAI

Managing Director

Apr 1995 Joined the Company Oct 2001 Deputy General Manager, Product Planning Department Jan 2005 Executive Officer, General Manager, President's Office Jun 2008 Senior Managing Director, General Manager, Corporate Planning Department Jun 2011 Director, City Information Fukuoka Co., Ltd. Jul 2013 Managing Director Jun 2019 Managing Director; Senior Managing Director, City Information Fukuoka Co., Ltd. (current) Oct 2022 Managing Director, General Manager, Production Business Division; General Supervisor, Store Systems Sales Department Feb 2026 Managing Director, General Manager, Production Business Division (current) Feb 2026 General Manager, AI Business Promotion Department (current) Feb 2026 General Manager, Store Measures Office (current)

1971-08-24

Shinya HOKI

Managing Director

Apr 1995 Joined the Company Jun 2006 Executive Officer, Fifth Area Manager Oct 2007 Executive Officer, General Manager, SI Business Division Jun 2009 Director, General Manager, SI Business Division Oct 2013 Managing Director, General Manager, Special Equipment Sales Division Mar 2019 Managing Director, General Manager, Corporate Planning Department; General Manager, Store Sales Headquarters Jun 2019 Managing Director; Director, Hows Co., Ltd. Apr 2023 Managing Director, General Manager, Special Equipment Sales Division (current) Apr 2024 Managing Director, General Manager, External Sales Headquarters (current)

1972-10-17

Takayasu UNO

Managing Director

Apr 1997 Joined the Company Apr 2012 General Manager, SI Tokyo Sales Department Apr 2016 Executive Officer, General Manager, BtoB Promotion Headquarters Aug 2018 Executive Officer, General Manager, SI Sales Headquarters; General Manager, Special Equipment Sales Division Jun 2019 Director Apr 2020 Managing Director, Deputy General Manager, Sales Promotion Headquarters Apr 2023 Managing Director, General Manager, Regional Systems Sales Department (current)

1973-12-13

Hiroshi FUJITA

Director

Apr 1994 Joined the Company May 2013 General Manager, General Affairs Department, Corporate Planning May 2015 General Manager, Chairman's Office Jun 2015 Director, General Manager, Chairman's Office; General Manager, Company Promotion Headquarters; Director, City Information Fukuoka Co., Ltd. Jun 2020 Director Feb 2026 Director, General Manager, CJF Business Division (current) Feb 2026 Director, City Information Fukuoka Co., Ltd.; General Manager, Editorial Division (current)

1971-02-16

Miwako OKA

Director

Sep 1988 Joined Fukuoka Electronic Parts Co., Ltd. (now Applied Co., Ltd.) Jun 1989 Director, General Manager, President's Office Jun 2002 Senior Managing Director May 2007 Director, City Information Fukuoka Co., Ltd. (current) Jun 2007 Director, Adviser Jul 2009 Director, Plebi Co., Ltd. (now Hows Co., Ltd.) (current) Jun 2016 Director, Adviser (current)

1952-12-08

Sakurako OKA

Director

May 2011 Joined the Company May 2015 Deputy General Manager, Chairman's Office; Manager, Overseas Sales Department; Project Manager, Plebi Co., Ltd. (now Hows Co., Ltd.) Jun 2017 Director, Deputy General Manager, Chairman's Office; Director, Hows Co., Ltd. (current) Jun 2020 Director, General Manager, Chairman's Office (current)

1987-11-03

Keisuke YAMAGUCHI

Director

Apr 1999 Joined the Company Apr 2007 Store Manager and Manager, Kanazawa Store Jun 2009 Deputy General Manager, Product Planning Department Sep 2015 General Manager, Special Equipment Sales Division; General Manager, Overseas Sales Department Aug 2019 General Manager, General Affairs Department Jun 2020 Executive Officer, General Manager, General Affairs Department Jun 2022 Director, General Manager, General Affairs Department (current)

1976-08-19

Masahiro MARUYAMA

Director

Apr 1987 Joined Alps Electric Co., Ltd. (now Alps Alpine Co., Ltd.) Feb 1994 Joined the Company May 1995 Store Manager, Hakata Store Jun 2003 Section Manager, Accounting Section Jun 2007 Deputy General Manager, Management Promotion Department Jul 2013 General Manager, Accounting Department Jun 2018 Executive Officer, General Manager, Accounting Department Jun 2024 Director, General Manager, Accounting Department (current)

1965-03-30

Kozo HAYASHI

Director

Apr 1999 Joined the Company Apr 2019 General Manager, Sales Promotion Department Jun 2022 Executive Officer, General Manager, Sales Promotion Department; General Manager, Program Promotion Department; General Manager, Hina Farm Promotion Department (current) Jul 2024 General Manager, Sales Promotion Department, City Information Fukuoka Co., Ltd.; Deputy General Manager, Digital Promotion Business Division (Sales) Apr 2025 Executive Officer, General Manager, Store Sales Headquarters Jun 2025 Director, General Manager, Store Sales Headquarters; General Manager, Sales Promotion Department Feb 2026 Director, General Manager, Store Sales Headquarters (current) Feb 2026 General Manager, Store Systems Sales Headquarters (current) Feb 2026 General Manager, Store Measures Office (current)

1976-07-21

Junichi ZENDA

Outside Director

Apr 1973 Joined Toda Corporation Feb 2008 Deputy General Manager, Kyushu Branch, Toda Corporation Apr 2012 Joined Toda Building Partners Co., Ltd.; General Manager, Kyushu Branch Jun 2021 Outside Director, the Company (current)

1949-12-08

Toru SUZUKI

Full-time Audit & Supervisory Board Member

Apr 1981 Joined Brother Hanbai Co., Ltd. Apr 1990 Transferred to Comroad Co., Ltd.; Managing Director Jun 2002 Representative Director, Senior Managing Director, Comroad Co., Ltd. Jun 2004 Representative Director, President, Comroad Co., Ltd. Jun 2008 Director, the Company Jun 2009 Senior Managing Director, the Company Jun 2018 Full-time Audit & Supervisory Board Member, the Company Jun 2020 Managing Director, General Manager, Internal Control Office, the Company Jun 2024 Full-time Audit & Supervisory Board Member, the Company (current)

1958-02-16

Hiroyuki TSURU

Outside Audit & Supervisory Board Member (Part-time)

Apr 1976 Joined The Nishi-Nippon Bank, Ltd. (now The Nishi-Nippon City Bank, Ltd.) Jan 1999 Doi Branch Manager, The Nishi-Nippon Bank, Ltd. Jun 2003 Kumamoto Branch Manager; Chief, Central Kyushu Block, The Nishi-Nippon Bank, Ltd. Feb 2005 Omuta Branch Manager; Chief, Chikugo South Block, The Nishi-Nippon Bank, Ltd. May 2007 Director, Kyushu Debt Collection Co., Ltd. Jul 2017 Part-time Audit & Supervisory Board Member, Y System Support Co., Ltd. (current) Jan 2022 Outside Audit & Supervisory Board Member, the Company (current)

1954-03-08

Kunihiro SAKURAI

Outside Audit & Supervisory Board Member (Part-time)

Apr 1985 Joined The Nishi-Nippon Bank, Ltd. (now The Nishi-Nippon City Bank, Ltd.) Oct 2006 Miyakonojo Branch Manager, The Nishi-Nippon Bank, Ltd. May 2009 Senior Research Officer, Management Administration Department, The Nishi-Nippon Bank, Ltd. May 2010 Senior Research Officer, Internal Audit Department, The Nishi-Nippon Bank, Ltd. May 2013 Hiki Branch Manager, The Nishi-Nippon Bank, Ltd. May 2016 Kumamoto Branch Manager, Nishi-Nippon Yuko Shoji Co., Ltd. (transferred) Jul 2022 Established Kunihiro Sakurai Social Insurance Labor Consultant Office (current) Jun 2025 Outside Audit & Supervisory Board Member, the Company (current)

1962-01-05

Large Shareholding Reports

No filings

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-08-07

Q1 Earnings Flash

Applied Co.,Ltd.

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Applied Co.,Ltd.

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