Overview
Retail Trade

WILLPLUS Holdings Corporation

Willplus Holdings is a holding company operating a multi-brand imported automobile dealership group in Japan, with 6 operating subsidiaries holding authorized dealer contracts with importers of brands including BMW, MINI, Volvo, Porsche, Fiat, Alfa Romeo, Abarth, Jeep, Peugeot, Citroën, DS Automobiles, Range Rover, Defender, Discovery, Jaguar, BYD, and Hyundai. The group's core activities encompass new and certified pre-owned vehicle sales, vehicle maintenance and repair, and non-life insurance agency services across approximately 44 showroom locations primarily in the Kanto and Kyushu regions. In addition, the group conducts used vehicle export business primarily to Malaysia through its subsidiary ENG Co., Ltd., acquired in May 2024.

Market Cap
¥9.08B
US$57.9M
EV
¥21.3B
US$136M
Stock¥998▼-0.40%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.8
x
LTM EV/EBIT
14.2
x
LTM PER
8.2
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-21.5%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 14, 26Full-year FY2026/06 earnings announced
MC → EV Bridge
9.08BUS$57.9MMarket Cap21.6BUS$138M+ Debt10.5BUS$66.8M− Cash0.00BUS$0.00M− Inv. Sec.1.17BUS$7.45M+ NCI21.3BUS$136MEV
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Performance & Balance
Revenue 5Y (¥B)
39.7US$253M'22/644.1US$281M'23/647.7US$304M'24/688.6US$565M'25/696.8US$618M'26/6
EBITDA 5Y (¥B)
3.49US$22.2M'22/63.12US$19.9M'23/63.06US$19.5M'24/63.82US$24.4M'25/63.65US$23.3M'26/6
Net Income 5Y (¥B)
1.55US$9.89M'22/61.30US$8.30M'23/61.12US$7.17M'24/61.44US$9.20M'25/61.11US$7.07M'26/6
Capital Structure
35%
65%
EquityD/E 1.85xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
5.54US$35.3M4.62US$29.4M'22/64.29US$27.4M6.43US$41.0M'23/67.51US$47.9M13.2US$84.0M'24/68.25US$52.6M16.6US$106M'25/610.5US$66.8M21.6US$138M'26/6
Shareholders
Top 10 hold 67.3%
1
Takaaki NARUSE
22.55%
2
ICS Co., Ltd.
7.66%
3
ETH Co., Ltd.
7.66%
4
MMZ Co., Ltd.
7.66%
5
ZERO CO.,LTD.
5.33%
6
日本マスタートラスト信託銀行株式会社(役員報酬BIP信託口・80321口)
5.07%
7
Isamu SAITA
3.50%
8
Seigo NAITO
3.16%
9
NOMURA PB NOMINEES LIMITED OMNIBUS-MARGIN (CASHPB) (Standing Proxy: Nomura Securities Co., Ltd.)
2.65%
10
Japan Securities Finance Co.,Ltd.
2.04%
Management
7 officers
Takaaki NARUSE
Representative Director, President
Apr 1995 Joined Chiba Toyopet Co., Ltd. Aug 1996 Joined Sunflower Co., Ltd. Mar 1998 Director, Sunflower Co., Ltd. Director, Mazda Unfini Sunflower Co., Ltd. Director, Ford Sunflower Co., Ltd. Dec 1998 Director, Fukuoka Chrysler Co., Ltd. (now Will Plus Checker Motors Co., Ltd.) Oct 2000 Director, Car Seven Development Co., Ltd. Feb 2001 Representative Director, Mazda Unfini Sunflower Co., Ltd. Mar 2004 Representative Director, Fukuoka Chrysler Co., Ltd. (now Will Plus Checker Motors Co., Ltd.) Oct 2007 Representative Director, President of the Company (current) Jan 2008 Representative Director, Four Pillars Co., Ltd. Jul 2008 Representative Director, Checker Motors Co., Ltd. (now Will Plus Checker Motors Co., Ltd.) Apr 2010 Representative Director, President, Will Plus Motoren Co., Ltd. (current) Apr 2012 Director, Shonan Bellmare Co., Ltd. Apr 2014 Representative Director, President, Teiou Auto Co., Ltd. (now Will Plus Teiou Orion Co., Ltd.) (current) Representative Director, Teiou Auto Service Co., Ltd. Feb 2017 Representative Director, MMZ Co., Ltd. (current) Nov 2017 Representative Director, President, Will Plus Eins Co., Ltd. (current) Mar 2018 Representative Director, ETH Co., Ltd. (current) Representative Director, ICS Co., Ltd. (current) Sep 2018 Representative Director, Chairman, Checker Motors Co., Ltd. (now Will Plus Checker Motors Co., Ltd.) (current) Jan 2023 Representative Director, President, Will Plus Enhance Co., Ltd. May 2024 Representative Director, Chairman, ENG Co., Ltd. Dec 2024 Representative Director, President, Will Plus Orion Co., Ltd. Jan 2025 Representative Director, President, Will Plus Richt Co., Ltd. Jul 2025 Representative Director, Chairman, Will Plus Enhance Co., Ltd. (current) Representative Director, President, ENG Co., Ltd. Oct 2025 Representative Director, Chairman, Will Plus Motoren Tokyo Co., Ltd. (current) May 2026 Representative Director, Chairman, ENG Co., Ltd. (current) Jul 2026 Representative Director, President, OGUNI Co., Ltd. (current) Jul 2026 Representative Director, President, Will Plus OGUNI Co., Ltd. (current) Aug 2026 Representative Director, Chairman, Will Plus Richt Co., Ltd. (current)
1970-07-21
Isamu SAITA
Director
Apr 1994 Joined K-You Co., Ltd. Jan 2005 Joined Toyota Usezac Co., Ltd. Aug 2005 Joined Fukuoka Chrysler Co., Ltd. (now Will Plus Checker Motors Co., Ltd.); Director, Chrysler Jeep Fukuoka Branch Manager Apr 2006 Executive Officer, General Manager of Fukuoka Sales Division, Fukuoka Chrysler Co., Ltd. Sep 2007 Director, Fukuoka Chrysler Co., Ltd. Oct 2007 Director of the Company (current) Apr 2008 Senior Managing Director, Fukuoka Chrysler Co., Ltd. (now Will Plus Checker Motors Co., Ltd.) Sep 2014 Representative Managing Director, Will Plus Motoren Co., Ltd. Director, Checker Motors Co., Ltd. (now Will Plus Checker Motors Co., Ltd.) Director, Teiou Auto Co., Ltd. (now Will Plus Teiou Orion Co., Ltd.) (current) Sep 2015 Representative Managing Director, Checker Motors Co., Ltd. (now Will Plus Checker Motors Co., Ltd.) Director, Will Plus Motoren Co., Ltd. (current) Nov 2017 Director, Will Plus Eins Co., Ltd. (current) Sep 2018 Representative Director, President, Checker Motors Co., Ltd. (now Will Plus Checker Motors Co., Ltd.) (current) Jan 2023 Director, Will Plus Enhance Co., Ltd. (current) May 2024 Director, ENG Co., Ltd. (current) Dec 2024 Director, Will Plus Orion Co., Ltd. Jan 2025 Director, Will Plus Richt Co., Ltd. (current) Oct 2025 Director, Will Plus Motoren Tokyo Co., Ltd. (current) Jul 2026 Director, OGUNI Co., Ltd. (current) Jul 2026 Director, Will Plus OGUNI Co., Ltd. (current)
1972-02-03
Sora UDAGAWA
Director
Apr 1998 Joined UBS Warburg Securities Co., Ltd. (now UBS Securities Co., Ltd.) Mar 2007 Managing Director, UBS Securities Co., Ltd. Aug 2013 Executive Officer, UBS Securities Co., Ltd. Mar 2014 Head of Equity Syndicate Division, UBS Securities Co., Ltd. Jan 2015 Managing Executive Officer, With Partners Co., Ltd. Jul 2016 Deputy Head, Equity Division, Global Markets, Mizuho Securities Co., Ltd. Sep 2018 Managing Executive Officer, SBI Securities Co., Ltd. Jun 2019 Director, SBI Securities Co., Ltd. Jun 2020 Managing Director, SBI Securities Co., Ltd. Apr 2021 Senior Executive Officer, TBM Co., Ltd. Aug 2021 Director, TBM Co., Ltd. Apr 2022 Joined the Company, Executive Officer, Business Strategy Office Sep 2022 Director of the Company (current) Aug 2023 Representative Director, Tycoon37 Co., Ltd. (current) May 2024 Director, ENG Co., Ltd. Oct 2024 Auditor, Will Plus Checker Motors Co., Ltd. (current) Auditor, Will Plus Motoren Co., Ltd. (current) Auditor, Will Plus Teiou Orion Co., Ltd. (formerly Will Plus Teiou Auto Co., Ltd.) (current) Auditor, Will Plus Eins Co., Ltd. (current) Auditor, Will Plus Enhance Co., Ltd. (current) Dec 2024 Auditor, Will Plus Orion Co., Ltd. Jan 2025 Auditor, Will Plus Richt Co., Ltd. (current) Oct 2025 Auditor, Will Plus Motoren Tokyo Co., Ltd. (current) Jul 2026 Auditor, OGUNI Co., Ltd. (current) Auditor, Will Plus OGUNI Co., Ltd. (current) Aug 2026 Auditor, ENG Co., Ltd. (current)
1974-12-29
Satoshi HIROTA
Director, Audit and Supervisory Committee Member
Oct 2002 Registered as attorney-at-law (Daini Tokyo Bar Association) Joined Mitsui Yasuda Law Office (now Mitsui Law Office) Aug 2008 Joined Haynes and Boone, LLP Oct 2009 Joined Ant Capital Partners Co., Ltd. Apr 2010 Outside Director, Will Plus Motoren Co., Ltd. Apr 2014 Joined Beagle Co., Ltd. Apr 2015 Opened HCA Law Office, Representative Attorney (current) Sep 2015 Outside Director of the Company Nov 2015 Auditor, Japan-Dominican Republic Friendship Association (current) May 2016 Outside Auditor, Locondo Co., Ltd. Outside Auditor, Psychic VR Lab Co., Ltd. (now STYLY Inc.) (current) Jul 2016 Outside Auditor, Loco Partners Co., Ltd. May 2017 Outside Director, Audit and Supervisory Committee Member, Locondo Co., Ltd. (now Jade Group Co., Ltd.) (current) Aug 2018 Outside Auditor, Casa Co., Ltd. (current) Sep 2022 Outside Director, Audit and Supervisory Committee Member of the Company (current)
1977-07-08
Kaori SUZUKI
Director, Audit and Supervisory Committee Member
Aug 2010 Registered as attorney-at-law (Tokyo Bar Association) Mar 2015 Affiliated with Wakabayashi & Watanabe Law Office (current) Sep 2019 Auditor of the Company Sep 2022 Outside Director, Audit and Supervisory Committee Member of the Company (current)
1980-08-09
Kazuhiro UENO
Director, Audit and Supervisory Committee Member
Oct 2001 Joined Shin Nihon & Co. (now EY Shin Nihon LLC) Jan 2006 Joined Fuji Television Network, Inc. Sep 2009 Joined Shin Nihon & Co. (now EY Shin Nihon LLC) Apr 2019 Principal, Kazuhiro Ueno Certified Public Accountant Office (current) May 2019 Senior Manager, RSTANDARD Co., Ltd. (current) Jul 2019 Principal, Kazuhiro Ueno Tax Accountant Office (current) Mar 2020 Outside Auditor, Gifty Co., Ltd. (current) Jul 2020 Representative Partner, ES Next Audit Corporation (now ES Next LLC) Oct 2020 Representative Director, Leagress Co., Ltd. (current) Aug 2021 Outside Director, Audit and Supervisory Committee Member, First Corporation Co., Ltd. (current) Feb 2022 Partner, ES Next Audit Corporation (now ES Next LLC) Mar 2022 Outside Director, KIYO Learning Co., Ltd. (current) Oct 2024 Outside Director, Audit and Supervisory Committee Member of the Company (current)
1977-03-08
Tomoya SUZUKI
Director, Audit and Supervisory Committee Member
Apr 2000 Joined East Japan Telegraph Telephone Corporation (now NTT East Japan) Jan 2001 Co-founder and Director, Ucurate Co., Ltd. Apr 2004 Joined M Out Co., Ltd. Nov 2007 Nikko Ant Factory Co., Ltd. Jun 2008 Outside Director, waja Inc. Jan 2010 Outside Director, Cerevo Inc. Sep 2011 Outside Director, Locondo Co., Ltd. (now Jade Group Co., Ltd.) Sep 2012 Outside Director, Summary Co., Ltd. Nov 2012 Transferred, Partner, Lead Capital Management Co., Ltd. Dec 2014 Director and Partner, Lead Capital Management Co., Ltd. Dec 2016 Outside Director, Emotion Intelligence Co., Ltd. Mar 2018 Director and General Partner, Accord Ventures Co., Ltd. (current) Dec 2018 Outside Director, Housmart Co., Ltd. May 2019 Outside Director, Audit and Supervisory Committee Member, Locondo Co., Ltd. (now Jade Group Co., Ltd.) (current) Sep 2019 Auditor, Tsukurink Co., Ltd. Dec 2021 Outside Director, Solvrain Co., Ltd. (current) Nov 2023 Outside Director, CAMELORS Co., Ltd. (current) Dec 2023 Outside Director, PID Co., Ltd. (current) Sep 2025 Outside Director, Audit and Supervisory Committee Member of the Company (current)
1977-04-08
Large Shareholding Reports
Takaaki NARUSE
2026-05-29
21.31%→21.31%
Annual report (as of 2026-06-30): 22.55%
Takaaki NARUSE
2026-05-29
21.22%→21.31%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-06-30): 22.55%
Takaaki NARUSE
2026-05-26
21.22%→21.31%
Annual report (as of 2026-06-30): 22.55%
Meiji Yasuda Asset Management Company Ltd.
2025-08-22
5.00%→3.88%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-28
Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2026-08-13
Full-Year Earnings Flash
FY ending Jun 2026
EDINETAmended
2026-05-29
Change Report
EDINET
2026-05-29
Large Shareholding Report
EDINET
2026-05-26
Large Shareholding Report
TDnet
2026-05-14
Q3 Earnings Flash
FY ending Jun 2026
EDINET
2026-02-13
Semi-Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2025-11-13
Q1 Earnings Flash
FY ending Jun 2026
EDINET
2025-09-24
Annual Securities Report
Period: Jul 2024 – Jun 2025
EDINET
2025-08-22
Large Shareholding Report
TDnet
2025-05-13
Q3 Earnings Flash
FY ending Jun 2025
EDINET
2025-02-14
Semi-Annual Securities Report
Period: Jul 2024 – Jun 2025
TDnet
2024-11-12
Q1 Earnings Flash
FY ending Jun 2025
EDINETAmended
2024-10-24
Amended Annual Securities Report
Period: Jul 2023 – Jun 2024
EDINET
2024-09-27
Annual Securities Report
Period: Jul 2023 – Jun 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-09-28
Annual Securities Report
Period: Jul 2022 – Jun 2023
EDINETAmended
2023-08-22
Amended Securities Registration Statement
EDINETAmended
2023-08-18
Amended Securities Registration Statement
EDINET
2023-08-17
Securities Registration Statement
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-15
Securities Registration Statement
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-09-29
Annual Securities Report
EDINET
2022-05-12
Quarterly Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
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