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Overview

IACE TRAVEL Corporation.

IACE Travel is a Japan-based travel management company specializing in Business Travel Management (BTM) services, primarily targeting corporate clients with comprehensive business trip solutions including flight and accommodation booking, visa application support, expense settlement, crisis management, and travel data analytics. The company operates its proprietary cloud-based travel booking platform 'Smart BTM' and back-office management system 'Travel Manager,' offering a hybrid model combining online self-booking with 24/7 human operator support. In addition to its core corporate travel segment, the company serves Japanese government ministries, U.S. military bases in Japan, individual consumers, and Japanese corporate clients in Canada and Mexico.

Market Cap

¥6.15B

US$39.2M

¥6.03B

US$38.4M

Stock¥1,289▲+2.14%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

7.4

LTM EV/EBIT

7.7

LTM PER

11.2

LTM PBR

1.4

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-34.0%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

83%

EquityD/E 0.21xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 63.5%

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

Shigeharu NISHIZAWA

23.46%

Toshiya HAIDA

10.86%

IACE TRAVEL Corporation. Employee Stock Ownership Association

9.67%

Takuya YOKOTA

3.47%

Adventure,Inc.

3.46%

Business Management Co., Ltd.

3.00%

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

2.85%

Kazuto ASOUDA

2.72%

Nomura Trust and Banking Co., Ltd. (Investment Trust Account)

1.99%

Masatomo OKABE

1.97%

Management

9 officers

Shigeharu NISHIZAWA

Representative Director, President and Executive Officer

Apr 1987 Joined the Company Dec 1992 Director, Tokyo Branch Manager Apr 1993 Director, General Manager Dec 2000 Representative Director, President Apr 2007 Representative Director, President, I Business Support Co., Ltd. (now Business Management Co., Ltd.) (current) Apr 2019 Representative Director, President and Executive Officer (current)

1967-01-31

Toshiya HAIDA

Director, Senior Managing Executive Officer

Apr 1997 Joined the Company Apr 1998 Sapporo Branch Manager Apr 2003 Manager, Business Planning Office Apr 2006 Manager, Corporate Administration Division Apr 2008 General Manager, Corporate Administration Division May 2016 Director, General Manager, Corporate Administration Division Apr 2019 Director, Senior Executive Officer Jun 2022 Director, Senior Managing Executive Officer (current)

1976-09-30

Takuya YOKOTA

Director, Senior Executive Officer

Jan 2002 Joined the Company Jan 2006 Osaka Branch Manager Jun 2009 Kansai Regional Manager Apr 2013 General Manager, Kansai Region Apr 2016 General Manager, Western Japan Sales Coordination Division Apr 2019 Executive Officer Jun 2022 Director, Senior Executive Officer (current)

1976-07-24

Kohei KAWANAKA

Outside Director

Apr 1998 Joined Fuso Kosan Co., Ltd. Oct 2006 Registered as attorney-at-law (59th Legal Training Class) Oct 2006 Joined Ito Mitomi Law Office (now Morrison & Foerster LLP) Jul 2010 Joined Kanto Finance Bureau, Ministry of Finance (Legal Compliance Auditor, Specially Appointed Fixed-Term Staff) Apr 2015 Managing Partner, Unite Law and Accounting Office (current) Sep 2017 Representative Member, Unite Law and Accounting Office, Attorneys at Law Corporation (current) Jun 2019 Outside Director of the Company (current)

1977-12-07

Daisuke SAKAI

Outside Director

Apr 2010 Joined Jafco Co., Ltd. (now Jafco Group Co., Ltd.) Aug 2018 Representative Director, LALALA Ryugaku Support Center Co., Ltd. (now LALALA Plus Co., Ltd.) (current) Jun 2020 Outside Director of the Company (current) Jul 2025 Representative Director, Solentra Co., Ltd. (current)

1986-12-18

Chizuko URABE

Outside Director

Apr 1986 Joined Yamaichi Securities Co., Ltd. Apr 1995 Registered as Certified Public Accountant Apr 1998 Joined Metropolitan Police Department Feb 2016 Section Chief (Investigation) Feb 2017 Promoted to Superintendent, Section Chief (Investigation) Oct 2022 Acting Investigation Officer (Analyst for Organized Crime Funding Sources) Sep 2023 Retired from Metropolitan Police Department Oct 2023 Joined Ebara Corporation Jun 2024 Outside Director of the Company (current) Jun 2024 Outside Director, Audit and Supervisory Committee Member, Shinagawa Refractories Co., Ltd. (now Shinagawa Refra Co., Ltd.) (current)

1963-04-11

Kazuto ASOUDA

Full-time Statutory Auditor

Oct 2006 Joined the Company Oct 2006 Head, CS and Compliance Promotion Office Apr 2016 General Manager, Human Resources and General Affairs Department Apr 2019 Executive Officer Jun 2022 Full-time Statutory Auditor (current)

1972-10-13

Daisuke WAKE

Statutory Auditor

Oct 1998 Joined Chuo Audit Corporation Apr 2003 Registered as Certified Public Accountant Jan 2005 Representative, Wake Certified Public Accountant Office (current) Feb 2005 Registered as Certified Tax Accountant Jun 2016 Outside Director, Audit and Supervisory Committee Member, TOWA Corporation (current) Jun 2019 Outside Statutory Auditor of the Company (current) Mar 2022 Outside Director, Audit and Supervisory Committee Member, Shirai Electronic Industrial Co., Ltd. (current)

1968-08-02

Yoshiki MIYATAKE

Statutory Auditor

Apr 1995 Joined Yusoki Kogyo Co., Ltd. Jan 2001 Joined Ohno Social Insurance Labor Consultant Office (now Ohno Social Insurance Labor Consultant Corporation) Aug 2001 Registered as Social Insurance Labor Consultant Jan 2004 Opened Miyatake Social Insurance Labor Consultant Office May 2008 Designated Specialist Social Insurance Labor Consultant Jul 2018 Representative Member, JPN Social Insurance Labor Consultant Corporation (current) Jun 2019 Outside Statutory Auditor of the Company (current)

1971-06-09

Large Shareholding Reports

No filings

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-08-13

Q1 Earnings Flash

FY ending Mar 2027

IACE TRAVEL Corporation.

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IACE TRAVEL Corporation.

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