Overview
Information & Communication

CELSYS,Inc.

Celsys develops and sells digital content creation software, most notably CLIP STUDIO PAINT, a leading illustration, manga, Webtoon, and animation production application available globally in multiple languages via subscription and perpetual license models. The company also provides content distribution solutions through its DC3 platform, which enables unique digital content ownership and cross-service content management utilizing blockchain technology, as well as e-book distribution solutions such as CLIP STUDIO READER. Celsys targets professional and hobbyist creators worldwide, leveraging its proprietary graphic technology R&D capabilities as a core competitive advantage.

Market Cap
¥54.4B
US$347M
EV
¥48.5B
US$309M
Stock¥1,834▲+0.71%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
11.2
x
LTM EV/EBIT
13.3
x
LTM PER
23.5
x
LTM PBR
10.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-12.8%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 16, 26Declined while market remained flat
2Mar 6, 26Rose while market remained flat
3Jul 31, 26Q2 FY2026/12 earnings announced
MC → EV Bridge
54.4BUS$347MMarket Cap0.00BUS$0.00M+ Debt5.41BUS$34.5M− Cash0.53BUS$3.39M− Inv. Sec.48.5BUS$309MEV
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Performance & Balance
Revenue 5Y (¥B)
6.89US$43.9M'21/127.54US$48.1M'22/128.09US$51.6M'23/128.20US$52.3M'24/129.47US$60.4M'25/12
EBITDA 5Y (¥B)
2.08US$13.3M'21/122.32US$14.8M'22/122.13US$13.6M'23/122.80US$17.9M'24/123.64US$23.2M'25/12
Net Income 5Y (¥B)
1.22US$7.79M'21/121.05US$6.68M'22/120.63US$3.99M'23/121.40US$8.92M'24/121.68US$10.7M'25/12
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
5.75US$36.7M'21/126.81US$43.5M'22/125.63US$35.9M'23/126.05US$38.6M'24/124.65US$29.7M'25/12
Shareholders
Top 10 hold 47.5%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
11.84%
2
LINE Digital Frontier Corporation
10.66%
3
Wacom Co.,Ltd.
6.11%
4
Custody Bank of Japan, Ltd. (Trust Account)
5.71%
5
Japan Securities Finance Co.,Ltd.
4.70%
6
Masahiro SUMIYAMA
3.99%
7
Nomura Securities Co., Ltd.
1.67%
8
Custody Bank of Japan, Ltd. (Trust Account 4)
1.27%
9
CACEIS BANK/QUINTET LUXEMBOURG SUB AC / UCITS CUSTOMERS ACCOUNT (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
0.86%
10
Yuya TAKADA
0.72%
Management
10 officers
Kei NARUSHIMA
Representative Director, President
Apr 1997 Joined Celsys, Inc. Feb 2001 Director, Celsys, Inc. Jan 2008 Senior Managing Director, Celsys, Inc. Jan 2009 Representative Director and Vice President, Celsys, Inc. Jan 2010 Director, Celsys, Inc. Jul 2015 Representative Director and Vice President, Celsys, Inc. Mar 2016 Representative Director and President, Celsys, Inc. Mar 2017 Director, the Company (then Artspark Holdings, Inc.) Mar 2018 Director and Vice President, the Company Mar 2021 Representative Director and Vice President, the Company Mar 2022 Representative Director and President, the Company Sep 2022 Representative Director and President, Celsys, Inc. (the Company absorbed former Celsys, Inc. through merger and changed its name to Celsys, Inc.) (current)
1974-08-15
Ryo INABA
Director
Apr 2012 Joined Celsys, Inc. Jul 2021 General Manager, App Development Dept. 3, Celsys, Inc. Apr 2022 General Manager, App Development Dept. 1, Celsys, Inc. Sep 2022 General Manager, App Development Dept. 1, the Company (merged with former Celsys, Inc.) Jan 2023 Executive Officer, the Company Mar 2023 Director, the Company (current)
1990-01-23
Masamichi TAKAHASHI
Director
Apr 2020 Joined Celsys, Inc. Sep 2022 General Manager, Web Services Dept., the Company (merged with former Celsys, Inc.) Jan 2023 General Manager, Platform Development Dept., &DC3 Co., Ltd. Feb 2023 Representative Director and President, &DC3 Co., Ltd. Mar 2023 Director, the Company (current)
1997-01-06
Ken ITO
Director
Apr 1991 Joined P-ARC Co., Ltd. (now P-ARC Holdings Co., Ltd.) Feb 2001 Joined Celsys, Inc. Aug 2002 General Manager, General Affairs Dept., Celsys, Inc. Jan 2003 Director, General Manager, General Affairs Dept., Celsys, Inc. Dec 2006 Director, General Manager, Finance Dept., Celsys, Inc. Nov 2008 Director, General Manager, Finance and Accounting Dept., Celsys, Inc. Jan 2011 Director, General Manager, Administration Dept., Celsys, Inc. Apr 2012 Director, the Company (then Artspark Holdings, Inc.) Jun 2022 Director, &DC3 Co., Ltd. Sep 2022 Director, the Company (merged with former Celsys, Inc.) (current)
1968-03-26
Maki IKEDA
Director
Oct 2006 Joined Celsys, Inc. Feb 2008 General Manager, Marketing Dept., Celsys, Inc. May 2011 General Manager, Web Services Dept., Celsys, Inc. Aug 2014 Deputy General Manager, Development Division, Celsys, Inc. Jul 2015 General Manager, Advanced Development Dept., Celsys, Inc. Jan 2016 General Manager, Product Dept., HI Inc. (now MICWARE Automotive Co., Ltd.) Apr 2017 General Manager, HMI Business Division, MIC-Ware Automotive Co., Ltd. Oct 2018 Director and General Manager, HMI Business Division, MIC-Ware Automotive Co., Ltd. Jun 2019 Representative Director and Vice President, CJ Co., Ltd. Mar 2020 Director, the Company (then Artspark Holdings, Inc.) Aug 2023 Executive Officer and General Manager, Management Support Dept., the Company Mar 2024 Director, the Company (current)
1972-09-04
Kota KINOSHITA
Director
Apr 1971 Joined Japan Telegraph and Telephone Public Corporation (now Nippon Telegraph and Telephone Corporation) Jun 1998 Director, NTT Mobile Communications Network, Inc. (now NTT DOCOMO, INC.) Jun 2002 Managing Director, NTT DOCOMO, INC. Jun 2004 Representative Director and President, DoCoMo Technology, Inc. Jun 2008 Full-time Audit & Supervisory Board Member, East Japan Telegraph and Telephone Corporation Jun 2011 Special Advisor, NTT DOCOMO, INC. Jan 2012 Director, Morpho, Inc. Mar 2016 Director, the Company (then Artspark Holdings, Inc.) Sep 2022 Director, the Company (merged with former Celsys, Inc.) (current)
1947-01-02
Masamine TAKAHASHI
Director
Jul 2006 Joined Yahoo Japan Corporation (now LINE Yahoo Corporation) Aug 2013 Director, Oseonic Co., Ltd. Mar 2014 Representative Director, Oseonic Co., Ltd. Oct 2015 General Manager, Game Division, Personal Services Company, Yahoo Japan Corporation (now LINE Yahoo Corporation) May 2016 Director, GameBank Co., Ltd. Apr 2017 General Manager, Game and Matching Division, Personal Services Company, Yahoo Japan Corporation (now LINE Yahoo Corporation) Apr 2018 General Manager, Digital Content Business Division, Business Promotion Office, Commerce Company, Yahoo Japan Corporation (now LINE Yahoo Corporation) Jun 2018 Director, Neoald Co., Ltd.; Director, Animate Bookstore Co., Ltd.; Director and Vice President, Executive Vice President and Chief Operating Officer, e-Book Initiative Japan Co., Ltd. Apr 2019 Representative Director and President, Chief Executive Officer, e-Book Initiative Japan Co., Ltd. (current) Apr 2022 Chairman, Japan Electronic Bookstore Alliance (JEBA) Jul 2022 Representative Director and CEO, LINE Digital Frontier Corporation (current) Mar 2024 Director, the Company (current)
1974-11-28
Shinya NOZAKI
Director (Full-time Audit and Supervisory Committee Member)
May 1991 Established Celsys, Inc. and became Director Jan 2005 Senior Managing Director, Celsys, Inc. Jan 2007 Representative Director and President, Celsys, Inc. Mar 2016 Representative Director and President, the Company (then Artspark Holdings, Inc.) Mar 2022 Advisor, the Company Sep 2022 Advisor, the Company (merged with former Celsys, Inc.) May 2023 General Manager, Internal Audit Dept., the Company Mar 2025 Director (Audit and Supervisory Committee Member), the Company (current)
1965-08-24
Nobuyoshi SUZUKI
Director (Audit and Supervisory Committee Member)
Apr 1999 Registered as attorney-at-law; joined Kawagoe Law Office Sep 2011 Opened Nobuyoshi Suzuki Law Office (current) Nov 2016 Outside Director, Ore no Co., Ltd. May 2017 Outside Director, Three F Co., Ltd. (current) Jul 2018 Outside Audit & Supervisory Board Member, Ore no Co., Ltd. Mar 2025 Director (Audit and Supervisory Committee Member), the Company (current)
1965-09-17
Takayuki MIYAHARA
Director (Audit and Supervisory Committee Member)
Dec 2005 Joined Azusa Audit LLC Jul 2009 Registered as Certified Public Accountant Sep 2019 Joined Asahi Kaikei Tax Accountants Corporation (current) Aug 2020 Partner, Seirei Audit Corporation (current) Mar 2025 Director (Audit and Supervisory Committee Member), the Company (current)
1983-01-02
Large Shareholding Reports
Sumitomo Mitsui DS Asset Management Company, Limited
2026-05-22
4.93%
LINE Digital Frontier
2025-11-13
8.39%→8.72%
Annual report (as of 2026-06-30): 10.66%
LINE Digital Frontier Corporation
2025-10-30
8.39%→8.72%
Annual report (as of 2026-06-30): 10.66%
Mitsubishi UFJ Trust and Banking Corporation
2025-10-20
3.26%→2.45%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-13
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-07-31
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-05-22
Large Shareholding Report
TDnet
2026-05-08
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-31
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2026-03-05
株主総会招集通知
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINETAmended
2025-11-13
Change Report
EDINET
2025-10-30
Large Shareholding Report
EDINET
2025-10-20
Large Shareholding Report
EDINET
2025-08-13
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-09
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-31
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-13
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-29
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2023-10-24
Amended Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-10
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINETAmended
2023-04-04
Amended Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2023-03-31
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-31
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-31
Annual Securities Report
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