Overview
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FORCIA,Inc.

Forcia, Inc. is a digital business platform company that develops systems, provides services, and delivers consulting based on its proprietary search technology platform 'Spook,' which enables rapid and accurate extraction of information from large and complex datasets. The company serves clients in industries requiring sophisticated data processing—most notably the travel and tourism sector—through two core offerings: solution-type services (on-premises custom search systems for large enterprises such as major travel booking sites and specialty trading company e-commerce platforms) and SaaS-type services (its 'webConnect' platform, a cloud-based e-commerce and inventory management solution for travel and tourism operators featuring dynamic pricing, multi-channel data feeds, and reservation management). Forcia's competitive strength lies in its proprietary 'Spook' engine, which combines data compression, lightweight processing, and high-speed database technology to handle dynamically changing inventory and pricing data in real time, underpinned by deep domain expertise accumulated since the company's founding.

Market Cap
¥2.34B
US$14.9M
EV
¥1.47B
US$9.35M
Stock¥1,899▼-2.06%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.2
x
LTM EV/EBIT
3.8
x
LTM PER
10.2
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-36.2%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jul 15, 26Q1 FY2027/02 earnings announced
2Oct 16, 26Q2 FY2027/02 earnings announced
MC → EV Bridge
2.34BUS$14.9MMarket Cap0.00BUS$0.00M+ Debt0.87BUS$5.57M− Cash0.00BUS$0.00M− Inv. Sec.1.47BUS$9.35MEV
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Performance & Balance
Revenue 5Y (¥B)
1.65US$10.5M'22/22.15US$13.7M'23/21.95US$12.4M'24/22.31US$14.7M'25/22.20US$14.0M'26/2
EBITDA 5Y (¥B)
0.27US$1.71M'25/20.14US$0.92M'26/2
Net Income 5Y (¥B)
0.03US$0.17M'22/20.13US$0.83M'23/20.10US$0.63M'24/20.13US$0.84M'25/20.05US$0.31M'26/2
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
'22/2'23/2'24/21.23US$7.85M'25/21.29US$8.21M'26/2
Shareholders
Top 10 hold 82.6%
1
Tetsuro YASHIRO
33.01%
2
Hiroko YASHIRO
32.87%
3
FORCIA,Inc. Employee Stock Ownership Association
8.70%
4
Kimihito MIZUMOTO
2.49%
5
SBI SECURITIES Co., Ltd.
1.20%
6
ZETA INC.
1.01%
7
Naoki YAMADA
0.97%
8
Shinichi TANIMOTO
0.81%
9
Ryugo YOSHIMURA
0.81%
10
Hiroyuki SHIMAZAKI
0.77%
Management
8 officers
Hiroko YASHIRO
Representative Director, President
Apr 1988 Joined Nomura Securities Co., Ltd. Apr 1993 Joined Goldman Sachs Securities Co., Ltd. (formerly Goldman Sachs Securities Company) Mar 2001 Founded the Company; Representative Director, President Jun 2018 Outside Director, Saison Information Systems Co., Ltd. (currently Saison Technology Co., Ltd.) Mar 2026 Representative Director, President and CEO (current)
1965-03-31
Tetsuro YASHIRO
Representative Director
Apr 1987 Joined Nomura Securities Co., Ltd. Sep 1994 Joined Morgan Stanley Securities Co., Ltd. (currently Morgan Stanley MUFG Securities Co., Ltd.) Aug 2001 Joined the Company Dec 2001 Representative Director, COO Mar 2026 Representative Director, COO (current)
1965-02-19
Takaaki ONISHI
Director
Apr 1996 Joined Nippon Express Co., Ltd. May 2001 Joined JTB Information Systems Co., Ltd. (currently I&J Digital Innovation Co., Ltd.) May 2002 Joined JTB Corp. (currently JTB Corp.) Feb 2011 Joined the Company Jan 2014 General Manager, Sales Department Mar 2018 General Manager, Sales Division May 2018 Director, General Manager, Sales Division Mar 2020 Director, General Manager of Sales Mar 2026 Director in charge of Business Promotion (current)
1973-01-29
Kenji INAOKA
Director
Apr 1979 Joined All Nippon Airways Co., Ltd. Apr 2009 Executive Officer and General Manager, Nagoya Branch, ANA Jun 2011 Senior Executive Officer and Deputy General Manager, Sales Division, ANA; Representative Director, President, ANA Sales Co., Ltd. Apr 2012 Senior Executive Officer, ANA; Representative Director, President, ANA Sales Co., Ltd. Jun 2013 Representative Director, Executive Vice President, Airport Facilities Co., Ltd. Jul 2016 Director, Executive Vice President, ANA Research Institute Co., Ltd. Dec 2020 Director of the Company (current) Apr 2021 Full-time Advisor, ANA Research Institute Co., Ltd. Apr 2021 Representative Director, Regional Innovation Inbound Council (General Incorporated Association) May 2023 Co-Representative Director (current) Apr 2023 Advisor, SHONAI Inc. (current) Dec 2023 Advisor, Medilism Inc. Apr 2026 Representative Director, President, New Tokyo International Airport Co., Ltd. (current)
1956-08-09
Shinichi TANIMOTO
Full-time Audit & Supervisory Board Member
Jul 1991 Registered as Certified Public Accountant Apr 1986 Joined Eiwa Audit Corporation (Arthur Andersen Audit Department) (currently Certified Public Accountants Ernst & Young ShinNihon... see note) Sep 1990 Uno Koichi Tax Accountant Office (Arthur Andersen Tax Department) (currently KPMG Tax Corporation) Jan 1992 Joined Morgan Stanley Securities Co., Ltd. (currently Morgan Stanley MUFG Securities Co., Ltd.) Mar 2001 Outside Audit & Supervisory Board Member of the Company Apr 2004 Joined Shin Nihon & Co. Tax Corporation (currently EY Tax Co., Ltd.) Jun 2018 Joined the Company as Advisor Nov 2019 Entered into outsourcing contract (advisory role) with Tricor K.K. (currently Vistra Japan K.K.) Mar 2020 Audit & Supervisory Board Member, Tricor K.K. (currently Vistra Japan K.K.) (current) Mar 2020 Audit & Supervisory Board Member of the Company (current) Jun 2023 Substitute Audit & Supervisory Board Member, Circraith K.K. (current)
1963-04-27
Ryugo YOSHIMURA
Audit & Supervisory Board Member
Apr 1990 Registered as Attorney-at-law; joined Anderson Mori & Tomotsune Sep 1995 Joined Morgan Stanley Securities Co., Ltd. (currently Morgan Stanley MUFG Securities Co., Ltd.) Apr 2000 Joined Anderson Mori & Tomotsune Jun 2003 Ito Mitomi Law Office (currently Morrison & Foerster Law Office) Jul 2009 Outside Audit & Supervisory Board Member, Prometech Software Inc. (current) May 2018 Audit & Supervisory Board Member of the Company (current) Mar 2019 Outside Audit & Supervisory Board Member, Synspective Inc. (current) Sep 2022 Outside Audit & Supervisory Board Member, KINS Inc. (current) Jan 2023 Kensei Sogo Law Office (current)
1965-02-17
Ken NISHIMURA
Audit & Supervisory Board Member
Apr 1988 Joined Nomura Securities Co., Ltd. Mar 2000 Joined General Electric International, Inc. May 2001 Transferred to GE Capital Consumer Finance Co., Ltd. Aug 2004 Joined Sparx Asset Management Co., Ltd. Nov 2006 Joined Advantage Partners, LLP Jun 2008 Transferred to Advantage Advisers Co., Ltd. Jan 2011 Joined TriOptima Japan K.K. Nov 2014 Joined the Financial Services Agency Dec 2016 Joined IHS Markit Group Japan K.K. (currently IHS Markit Japan LLC) May 2021 Audit & Supervisory Board Member of the Company (current) Oct 2023 Advisor, ATS Co., Ltd. (current)
1965-09-19
Shinichi KITAGAMI
Director
Apr 1981 Joined Japan Travel Bureau Inc. (currently JTB Corp.) Apr 2006 Representative Director, President, i.JTB Corp. Oct 2008 Representative Director, Executive Vice President, JTB Information Systems Co., Ltd. (currently I&J Digital Innovation Co., Ltd.) Feb 2011 Representative Director, Managing Director, JTB Business Innovators Co., Ltd. Apr 2018 Project Professor, Faculty of Management and Information Systems, University of Shizuoka; Project Professor, Graduate School of Management and Information Innovation Apr 2023 Visiting Professor, Faculty of Management and Information Systems, University of Shizuoka (current) Apr 2023 Outside Director, Appirits Inc. (current) May 2026 Director of the Company (current)
1957-10-20
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-15
Semi-Annual Securities Report
Period: Mar 2026 – Feb 2027
TDnet
2026-10-15
Q2 Earnings Flash
FY ending Feb 2027
TDnet
2026-07-14
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-05-27
Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2026-01-14
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2025-10-15
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2025-07-14
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-29
Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2025-01-14
Q3 Earnings Flash
FY ending Feb 2025
EDINETAmended
2024-12-17
Amended Securities Registration Statement
EDINETAmended
2024-12-09
Amended Securities Registration Statement
EDINET
2024-11-22
Securities Registration Statement
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