Overview
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Next Generation Technology Group Inc.

NGTG Inc. (Gijutsu Shokei Kiko) is a serial acquirer of small and medium-sized Japanese manufacturing companies, acquiring businesses outright on a permanent-hold basis rather than reselling them, thereby preserving specialized technologies and skills for future generations. The company targets niche manufacturers facing succession challenges due to Japan's aging population, acquiring them at attractive valuations using bank leverage and then driving value creation through its proprietary NGTG Growth Program covering sales, production improvement, HR, DX, and management. Revenue is generated from the underlying manufacturing operations of acquired subsidiaries, with recurring cash flows reinvested to fund continuous M&A-driven growth.

Market Cap
¥195B
US$1.24B
EV
¥201B
US$1.28B
Stock¥22,040▼-4.59%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
49.7
x
LTM EV/EBIT
65.6
x
LTM PER
44.6
x
LTM PBR
18.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+118.3%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 17, 26Q2 FY2026/12 earnings announced
MC → EV Bridge
195BUS$1.24BMarket Cap18.0BUS$115M+ Debt11.2BUS$71.6M− Cash1.03BUS$6.58M− Inv. Sec.0.10BUS$0.64M+ NCI201BUS$1.28BEV
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Performance & Balance
Revenue 5Y (¥B)
6.80US$43.4M'22/129.33US$59.5M'23/1211.1US$70.5M'24/1215.0US$95.4M'25/12
EBITDA 5Y (¥B)
2.06US$13.1M'24/122.18US$13.9M'25/12
Net Income 5Y (¥B)
0.15US$0.94M'22/121.61US$10.3M'23/120.90US$5.75M'24/123.09US$19.7M'25/12
Capital Structure
37%
63%
EquityD/E 1.68xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
'22/120.40US$2.55M'23/125.74US$36.6M8.82US$56.2M'24/1210.3US$65.6M16.2US$103M'25/12
Shareholders
Top 10 hold 84.1%
1
Eiichi NII
65.54%
2
Yosuke FUJII
5.77%
3
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
2.26%
4
PERSHING-DIV.OF DLJ SECS. CORP. (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.18%
5
Custody Bank of Japan, Ltd. (Trust Account)
1.72%
6
BANQUE DE LUXEMBOURG -CLIENT ACCOUNT (Standing Proxy: MUFG Bank, Ltd.)
1.71%
7
BBH CO FOR GRANDEUR PEAK INTERNATIONAL STALWARTS FUND (Standing Proxy: MUFG Bank, Ltd.)
1.38%
8
Aiko KAMEDA
1.29%
9
Yuichiro TOKUDA
1.14%
10
SBI SECURITIES Co., Ltd.
1.14%
Management
6 officers
Eiichi NII
Representative Director, President
Apr 2007 Joined Mizuho Securities Co., Ltd. Dec 2009 Joined Innovation Network Corporation of Japan (currently INCJ Ltd.) Jul 2018 Established the Company; Representative Director, President (current)
1983-04-05
Aiko HORIE
Director and General Manager, Succession Support Department
Apr 2007 Joined Mizuho Securities Co., Ltd. Feb 2016 Transferred to Mizuho Bank, Ltd. Apr 2019 Transferred to Mizuho Trust & Banking Co., Ltd. Nov 2022 Director and General Manager, Succession Support Department, the Company (current)
1984-12-11
Toshiyuki SHIGA
Director
Apr 1976 Joined Nissan Motor Co., Ltd. Jun 2005 Representative Director and Chief Operating Officer, Nissan Motor Co., Ltd. Nov 2013 Representative Director and Vice Chairman, Nissan Motor Co., Ltd. Jun 2015 Representative Director and Chairman, Innovation Network Corporation of Japan Nov 2022 Outside Director, the Company (current) Jan 2023 Outside Director, and Capital Co., Ltd. (current) Dec 2024 Outside Director, Smart Drive Co., Ltd. (current) Jun 2025 Outside Director, Dynamic Map Platform Co., Ltd. (current)
1953-09-16
Masatoshi IWAMA
Standing Audit & Supervisory Board Member
Apr 1986 Joined Asahi Optical Co., Ltd. Oct 1989 Seconded to PENTAX America, Inc. Jun 1991 Joined Iwama Kogyosho Co., Ltd. Jan 2002 Representative Director, Iwama Kogyosho Co., Ltd. Apr 2013 Director, KS-in (Thailand) Co., Ltd. Aug 2013 Chairman, Taiwan Iwama Co., Ltd. Sep 2018 Director, Modia Systems Co., Ltd. Apr 2022 Specially Appointed Professor, Center for Technological Innovation Frontier Education, National University Corporation Nagaoka University of Technology (current) Jun 2023 Audit & Supervisory Board Member, the Company (current)
1963-06-27
Mieko OKITA
Audit & Supervisory Board Member
Apr 2000 Appointed Public Prosecutor Apr 2005 Registered as Attorney-at-Law (Iwata Godo) Apr 2007 Reinstated as Public Prosecutor Jul 2009 Seconded to Innovation Network Corporation of Japan Jul 2011 Reinstated as Public Prosecutor Mar 2013 Retired as Public Prosecutor Apr 2013 Registered as Attorney-at-Law (Shimada Law Office) (current) Jun 2019 Outside Director, Chimney Co., Ltd. Jun 2023 Audit & Supervisory Board Member, the Company (current)
1975-08-07
Eiji NARAHARA
Audit & Supervisory Board Member
Nov 2005 Joined Azsa LLC Jul 2009 Registered as Certified Public Accountant Dec 2009 Registered as Certified Tax Accountant Nov 2010 Joined Yuwa Tax Corporation Apr 2025 Partner Certified Tax Accountant, Yuwa Tax Corporation (current) May 2025 Temporary Audit & Supervisory Board Member, the Company Mar 2026 Audit & Supervisory Board Member, the Company (current)
1980-11-01
Large Shareholding Reports
Yosuke FUJII
2026-04-07
5.91%→5.77%
Annual report (as of 2026-06-30): 5.77%
Eiichi NII
2025-09-11
67.20%→65.54%
Annual report (as of 2026-06-30): 65.54%
Eiichi NII
2025-09-11
67.20%→65.54%
Annual report (as of 2026-06-30): 65.54%
Eiichi NII
2025-08-27
67.20%→65.54%
Annual report (as of 2026-06-30): 65.54%
Eiichi NII
2025-08-26
65.53%→65.53%
Annual report (as of 2026-06-30): 65.54%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-04-07
Large Shareholding Report
EDINET
2026-03-30
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-11
Q3 Earnings Flash
FY ending Dec 2025
EDINETAmended
2025-09-12
Change Report
EDINET
2025-09-11
Large Shareholding Report
EDINETAmended
2025-08-27
Change Report
EDINET
2025-08-26
Large Shareholding Report
EDINET
2025-08-14
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINETAmended
2025-01-28
Amended Securities Registration Statement
EDINETAmended
2025-01-21
Amended Securities Registration Statement
EDINET
2024-12-27
Securities Registration Statement
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