Overview
Information & Communication

AGS Corporation

AGS Co., Ltd. is an independent IT services company providing comprehensive information services to financial institutions, public sector entities, and corporations across Japan. The company offers four core service lines: information processing services (including data center operations via its Saitama iDC facility, cloud services, and BPO), custom software development, IT consulting and solutions (including security, infrastructure, and public cloud management), and computer hardware sales. AGS differentiates itself as a vendor-neutral, multi-vendor IT partner with over 50 years of operational history, CMMI Level 3-certified development quality standards, and a full suite of security certifications including ISO/IEC 27001, ISO/IEC 27017, and ISO/IEC 20000.

Market Cap
¥17.9B
US$114M
EV
¥11.0B
US$69.9M
Stock¥1,071▼-2.10%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.1
x
LTM EV/EBIT
4.9
x
LTM PER
9.9
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-50.2%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 4, 26Disappointment selling after activist proposal
2Jul 31, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
17.9BUS$114MMarket Cap1.19BUS$7.59M+ Debt5.88BUS$37.5M− Cash2.22BUS$14.1M− Inv. Sec.11.0BUS$69.9MEV
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Performance & Balance
Revenue 5Y (¥B)
21.2US$135M'22/321.1US$134M'23/322.1US$141M'24/324.9US$159M'25/328.6US$183M'26/3
EBITDA 5Y (¥B)
2.23US$14.2M'22/32.09US$13.3M'23/32.53US$16.1M'24/33.06US$19.5M'25/33.70US$23.6M'26/3
Net Income 5Y (¥B)
0.64US$4.07M'22/30.68US$4.35M'23/30.94US$5.97M'24/31.38US$8.79M'25/31.93US$12.3M'26/3
Capital Structure
93%
EquityD/E 0.07xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
7.19US$45.8M1.38US$8.82M'22/37.83US$50.0M2.06US$13.1M'23/38.69US$55.4M2.05US$13.1M'24/37.79US$49.7M1.65US$10.6M'25/38.44US$53.8M1.32US$8.40M'26/3
Shareholders
Top 10 hold 53.1%
1
AGS Employee Stock Ownership Association
10.32%
2
Daiei Real Estate & Development Co.,Ltd.
8.57%
3
Fuji Soko Unyu Co., Ltd.
6.29%
4
Saitama Kenmin Kyosai Consumers' Cooperative Society
6.29%
5
Chiba Kenmin Kyosai Consumers' Cooperative Society
5.99%
6
Resona Bank, Limited
4.80%
7
T.I.C. Co., Ltd.
3.60%
8
Bushu Gas Co., Ltd.
2.40%
9
KANEMATSU ELECTRONICS LTD.
2.40%
10
KSK CO.,LTD
2.40%
Management
12 officers
Shinji NAKANO
Representative Director, President and Executive Officer
Apr 1985 Joined Saitama Bank, Ltd. Jun 2011 Executive Officer, General Manager of Human Resources Services, Saitama Resona Bank, Ltd.; in charge of Human Resources Services Apr 2013 Executive Officer, General Manager of Saitama Sales Division, Saitama Resona Bank; in charge of Public Sector Corporate Division Apr 2015 Managing Executive Officer, General Manager of Saitama Sales Division, Saitama Resona Bank; in charge of Public Sector Corporate Division Apr 2016 Director, Kinki Osaka Bank, Ltd. Apr 2016 Managing Executive Officer, Resona Bank, Ltd.; in charge of Compliance Division Apr 2016 Executive Officer, Resona Holdings, Inc.; in charge of Compliance Division Apr 2017 Managing Executive Officer, Resona Bank, Ltd.; in charge of Consumer Business Division, Private Banking Division, Loan Business Division and Loan Management Division Apr 2018 Senior Managing Executive Officer, Resona Bank, Ltd.; overall supervision of Private Banking, Loan Business, Loan Management and Consumer Business Divisions Apr 2019 Director and Senior Managing Executive Officer, Saitama Resona Bank, Ltd.; in charge of Management Administration and Human Resources Services Apr 2020 Representative Director and Senior Managing Executive Officer, Saitama Resona Bank; overall supervision of Sales Support and in charge of Human Resources Services Apr 2022 Joined the Company; Executive Advisor Jun 2022 Director and Senior Managing Executive Officer, the Company; in charge of Financial Business, Deputy in charge of Business Promotion and Planning Administration May 2023 Chairman, Saitama Prefecture Information Service Industry Association (current) Jun 2023 Representative Director, President and Executive Officer, the Company; in charge of Business Audit Office Jun 2024 Representative Director, President and Executive Officer, the Company (current)
1961-11-27
Kazuhiro OIKAWA
Director and Senior Managing Executive Officer; General Manager, Planning and Administration Division; in charge of Human Resources and General Affairs
Apr 1987 Joined Showa Computer System Co., Ltd. (now the Company) Jun 2012 General Manager, Planning Department, the Company May 2015 Executive Officer; in charge of Planning and Human Resources; General Manager, Planning Department, the Company Jun 2016 Director and Executive Officer; in charge of Planning and Human Resources; General Manager, Planning Department, the Company Jul 2016 Director and Executive Officer; in charge of Planning and Human Resources, the Company Jun 2017 Director and Managing Executive Officer; in charge of Planning and Human Resources, the Company Jul 2018 Director and Managing Executive Officer; Deputy General Manager, Planning and Administration Division; in charge of Planning, Human Resources and General Affairs, the Company Oct 2018 Director and Managing Executive Officer; Deputy General Manager, Planning and Administration Division; in charge of Planning, Human Resources, General Affairs and Work Style Reform Promotion Office, the Company Jun 2019 Director and Managing Executive Officer; General Manager, Planning and Administration Division; in charge of Planning, Human Resources, General Affairs and Work Style Reform Promotion Office, the Company Jun 2020 Director and Managing Executive Officer; General Manager, Planning and Administration Division; in charge of Accounting, Human Resources, General Affairs and Work Style Reform Promotion Office, the Company Jun 2022 Director and Managing Executive Officer; General Manager, Planning and Administration Division; in charge of Accounting and General Affairs, the Company Jun 2023 Director and Managing Executive Officer; General Manager, Planning and Administration Division; in charge of General Affairs, the Company Apr 2024 Director and Managing Executive Officer; General Manager, Planning and Administration Division; in charge of Human Resources and General Affairs, the Company Jun 2025 Director and Senior Managing Executive Officer; General Manager, Planning and Administration Division; in charge of Human Resources and General Affairs, the Company (current)
1964-02-12
Koji NOZAWA
Director and Managing Executive Officer; General Manager, Business Promotion Division; in charge of Public Sector Business Division
Apr 1990 Joined Saigin Computer Service Co., Ltd. (now the Company) Aug 2011 General Manager, Human Resources Department, the Company Aug 2014 Department Manager attached to Public Sector Business Division, the Company Jan 2015 General Manager, Sales Administration Department, the Company Apr 2016 Deputy General Manager, Corporate Business Division and General Manager, Corporate Sales Department, the Company Jan 2017 Executive Officer and General Manager, Corporate Business Division, the Company Jun 2017 Corporate Auditor, AGS System Advisory Co., Ltd. Jun 2018 Director, AGS Business Computers Co., Ltd. Jun 2019 Executive Officer and General Manager, Business Promotion Division, the Company Jun 2021 Corporate Auditor, AGS System Advisory Co., Ltd. Jun 2022 Director and Executive Officer, General Manager, Business Promotion Division, the Company Jun 2023 Director and Managing Executive Officer, General Manager, Business Promotion Division, the Company Jun 2024 Director and Managing Executive Officer, General Manager, Business Promotion Division; in charge of Insurance and Healthcare Business Division, the Company Jun 2025 Director and Managing Executive Officer, General Manager, Business Promotion Division; in charge of Insurance and Healthcare Business Division and General Manager, Sales Administration Department, the Company Jun 2025 Director and Managing Executive Officer, General Manager, Business Promotion Division and General Manager, Sales Administration Department, the Company Oct 2025 Director and Managing Executive Officer, General Manager, Business Promotion Division, the Company Feb 2026 Director and Managing Executive Officer, General Manager, Business Promotion Division; in charge of Public Sector Business Division, the Company (current)
1969-12-10
Kiyohiko ISHIHARA
Director and Managing Executive Officer; Deputy General Manager, Planning and Administration Division; in charge of Planning, Accounting and Management Strategy Office
Apr 1993 Joined Asahi Ginko Sogo System Co., Ltd. (now the Company) Jan 2015 General Manager, Human Resources Department, the Company Jul 2016 General Manager, Mutual Aid Solutions Department, the Company Jul 2017 General Manager, Mutual Aid Sales Planning Department, the Company Jul 2018 General Manager, Planning Department, the Company Apr 2019 Executive Officer and General Manager, Planning Department; Deputy in charge of Legal Affairs Office, the Company Jun 2020 Executive Officer, Deputy General Manager, Planning and Administration Division and General Manager, Planning Department; Deputy in charge of Legal Affairs Office, the Company Jun 2021 Executive Officer, Deputy General Manager, Planning and Administration Division and General Manager, Planning Department; in charge of Planning, the Company Jun 2022 Part-time Corporate Auditor, AGS System Advisory Co., Ltd. Apr 2023 Executive Officer, Deputy General Manager, Planning and Administration Division; in charge of Planning, the Company Jun 2023 Director and Executive Officer, Deputy General Manager, Planning and Administration Division; in charge of Planning and Accounting, the Company Jul 2024 Director and Executive Officer, Deputy General Manager, Planning and Administration Division; in charge of Planning, Accounting and Management Strategy Office, the Company Jun 2025 Director and Managing Executive Officer, Deputy General Manager, Planning and Administration Division; in charge of Planning, Accounting and Management Strategy Office, the Company (current)
1970-12-28
Takayoshi IZU
Director
Apr 1988 Registered as attorney-at-law Apr 1988 Joined Agatsuma & Kaiya Law Office Apr 1994 Established Izu Takayoshi Law Office Dec 2000 Co-founded Tokyo Green Law Office (current) Oct 2010 Managing Director, Japan Federation of Bar Associations Legal Research Foundation (current) Sep 2020 Councillor, Japan Federation of Bar Associations Traffic Accident Consultation Center (current) Jun 2022 Secretary General, Japan Federation of Bar Associations Legal Research Foundation (current) Jun 2023 Director, the Company (current) Jun 2025 Auditor, Automobile Liability Security and Mutual Aid Dispute Settlement Organization (current)
1959-05-06
Yumi TANOI
Director
Feb 2002 Joined Tanoi Seisakusho Co., Ltd. Jun 2009 Vice President and Director, Tanoi Seisakusho Co., Ltd. Nov 2013 President and Representative Director, Tanoi Seisakusho Co., Ltd. (current) Jun 2024 Director, the Company (current)
1976-08-31
Ritsuko INOUE
Director
Apr 1985 Joined Saitama Bank, Ltd. Apr 2008 General Manager, Customer Service Department, Myogadani Branch, Resona Bank, Ltd. Oct 2011 General Manager, Customer Service Department, Nishi-Kasai Branch, Resona Bank, Ltd. Apr 2014 Branch Manager, Gyotoku Branch, Resona Bank, Ltd. Apr 2016 General Manager, Fifth Sales Department, Tokyo Chuo Branch, Resona Bank, Ltd. Oct 2018 General Manager, Diversity Promotion Office, Human Resources Department, Resona Business Service Co., Ltd. Apr 2019 Executive Officer; Deputy in charge of Human Resources Department and General Manager, Diversity Promotion Office, Resona Business Service Co., Ltd. Apr 2021 Executive Officer; in charge of Diversity Promotion and Human Capital Development Office, Resona Business Service Co., Ltd. Apr 2022 Executive Officer; in charge of Internal Audit Department, Resona Business Service Co., Ltd. Apr 2024 Adviser, Resona Business Service Co., Ltd. Jun 2024 Director, the Company (current) Jun 2024 Outside Director, Furuhashi EPO Co., Ltd. (current) Oct 2024 Outside Director (Audit and Supervisory Committee Member), General Packer Co., Ltd. (current)
1964-05-18
Hiroshi IIJIMA
Director
Apr 1980 Joined Saitama Prefectural Government Apr 2005 Vice Mayor, Kitamoto City Apr 2007 Director, School Affairs Division, Saitama Prefectural Government Apr 2010 Director, Industrial Labor Policy Division, Industrial Labor Department, Saitama Prefectural Government Apr 2011 Senior Official (Director, Personnel Division), General Affairs Department, Saitama Prefectural Government Jul 2013 Attached Official, Prefectural Life Department, Saitama Prefectural Government (Chairman, Ikiiki Saitama Public Interest Foundation) Apr 2014 Director-General, Hospital Bureau, Saitama Prefectural Government Apr 2015 Director-General, General Affairs Department, Saitama Prefectural Government Apr 2017 Vice Governor, Saitama Prefectural Government Apr 2020 Special Adviser, Daiei Fudosan Co., Ltd. Apr 2021 Chairman, Saitama Prefecture Credit Guarantee Corporation Jun 2024 Auditor, Council of Local Authorities for International Relations (current) Jun 2025 Director, the Company (current)
1956-05-27
Shinji IGARASHI
Full-time Corporate Auditor
Apr 1989 Joined Saitama Bank, Ltd. Jul 2007 Group Leader, Human Resources Services Department, Resona Holdings, Inc. Jul 2010 General Manager, Third Sales Department (Higashimurayama, Kodaira and Higashiyamato Area), Resona Bank, Ltd. Apr 2013 General Manager, Waseda Branch Management Department, Resona Bank, Ltd. Jan 2014 Senior Auditor, Internal Audit Department, Resona Bank, Ltd. Jul 2015 General Manager, Information Asset Management Office, Resona Holdings, Inc. Apr 2017 General Manager, Customer Protection Promotion Office, Compliance Division, Resona Holdings, Inc. Jul 2020 Joined the Company; Senior Partner, Human Resources Department Jun 2022 Full-time Corporate Auditor, the Company (current) Jun 2024 Auditor, AGS Business Computers Co., Ltd. (current)
1966-05-31
Kazuyo NIIYA
Full-time Corporate Auditor
Apr 1987 Joined Saitama Bank, Ltd. Jul 2006 Branch Manager, Nisshin Branch, Saitama Resona Bank, Ltd. Apr 2008 General Manager, Compliance Division, Saitama Resona Bank, Ltd. Apr 2012 Branch Manager, Yono Branch, Saitama Resona Bank, Ltd. Jul 2014 General Manager, Human Resources Services Department, Saitama Resona Bank, Ltd. Apr 2015 Executive Officer, General Manager, Human Resources Services Department, Resona Holdings, Inc. Apr 2015 Executive Officer, General Manager, Human Resources Services Department, Resona Bank, Ltd. Apr 2018 Managing Executive Officer; in charge of Human Resources Services and Human Resources Development, Deputy in charge of Corporate Governance Office, Resona Bank, Ltd. Apr 2018 Executive Officer, Deputy in charge of Human Resources Services, Saitama Resona Bank, Ltd. Apr 2018 Executive Officer; in charge of Human Resources Services, Deputy in charge of Corporate Governance Office, Resona Holdings, Inc. Apr 2019 Managing Executive Officer; in charge of Human Resources Services and Human Resources Development, Resona Bank, Ltd. Apr 2019 Executive Officer; in charge of Human Resources Services, Resona Holdings, Inc. Apr 2021 Managing Executive Officer; in charge of Human Resources Services, Resona Bank, Ltd. Apr 2021 Executive Officer, Deputy in charge of Human Resources Services, Saitama Resona Bank, Ltd. Apr 2022 Director, Saitama Resona Bank, Ltd. Apr 2025 Adviser, Management Planning Department, Saitama Resona Bank, Ltd. Jun 2025 Full-time Corporate Auditor, the Company (current)
1964-04-25
Michiro AOYAMA
Corporate Auditor
Apr 1981 Joined Saitama Bank, Ltd. Nov 1998 Branch Manager, Itsukaichi Branch, Asahi Bank, Ltd. Jul 2004 General Manager, Second Lending Department, Saitama Resona Bank, Ltd. Jun 2010 Executive Officer; in charge of Lending Department and Loan Administration Department, Saitama Resona Bank, Ltd. Apr 2012 Managing Executive Officer; in charge of Lending Department and Loan Administration Department, Saitama Resona Bank, Ltd. Apr 2015 Senior Managing Director, Resona Research Institute Co., Ltd. Jun 2017 Executive Officer, Nihon Dempa Kogyo Co., Ltd. Jun 2021 Corporate Auditor, the Company (current)
1957-05-16
Masato SHIBASAKI
Corporate Auditor
Apr 1982 Joined Nippon Telegraph and Telephone Public Corporation Jun 2011 Executive Officer; General Manager, Third Financial Business Division, NTT DATA Corporation Jun 2014 President and Representative Director, NTT DATA System Technologies Corporation Jun 2018 President and Representative Director, Kampo System Solutions Co., Ltd. Jun 2020 President and Representative Director, NTT DATA Sophia Corporation Jun 2022 Corporate Auditor, NTT DATA University Co., Ltd. Jun 2022 Corporate Auditor, NTT DATA Frontier Corporation Jun 2023 Corporate Auditor, the Company (current)
1959-04-22
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-30
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-30
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-19
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-29
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2024-08-16
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
TDnet
2024-07-30
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-20
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-22
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-22
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-10
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-06-22
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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