Overview
Information & Communication

AltPlusInc.

Altplus Co., Ltd. operates in the Entertainment & Solutions segment through three core businesses: a Game Business developing and operating smartphone-focused online games (including self-published IP-based titles and contracted game operations), a Service Development Business providing comprehensive development solutions for corporate clients through both contracted and joint development arrangements, and a Technology & Human Resources Support Business supplying experienced game development personnel to third-party game companies via its subsidiary STAND Co., Ltd. Key titles include the rhythm game 'Hypnosis Mic -Alternative Rap Battle-' and casual puzzle game 'Everybody Shogi,' distributed on iOS, Android, and Apple Arcade platforms using a free-to-play, in-app purchase model. The company leverages accumulated development know-how and an in-house talent cultivation pipeline to serve both consumer and B2B markets.

Market Cap
¥1.98B
US$12.6M
EV
¥1.20B
US$7.66M
Stock¥22▼-8.33%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
1.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-89.4%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
1.98BUS$12.6MMarket Cap0.00BUS$0.00M+ Debt0.78BUS$4.96M− Cash0.00BUS$0.00M− Inv. Sec.0.00BUS$0.02M+ NCI1.20BUS$7.66MEV
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Performance & Balance
Revenue 5Y (¥B)
7.29US$46.5M'21/96.00US$38.3M'22/94.39US$28.0M'23/93.52US$22.4M'24/92.90US$18.5M'25/9
EBITDA 5Y (¥B)
-0.54-US$3.47M'21/9-0.79-US$5.05M'22/9-0.55-US$3.53M'23/9-0.45-US$2.87M'24/9-0.46-US$2.97M'25/9
Net Income 5Y (¥B)
-0.39-US$2.47M'21/9-0.78-US$4.97M'22/9-0.42-US$2.68M'23/9-0.45-US$2.88M'24/9-0.43-US$2.77M'25/9
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.53US$9.78M0.17US$1.09M'21/90.78US$5.00M0.12US$0.74M'22/90.85US$5.40M'23/90.77US$4.92M'24/90.87US$5.54M'25/9
Shareholders
Top 10 hold 55.0%
1
Gyet Co.,Ltd.
25.54%
2
G Future Fund No. 1 Investment Limited Partnership
9.76%
3
Taisuke OKAZAKI
9.53%
4
Rakuten Securities, Inc.
3.47%
5
Takeshi ISHII
2.16%
6
NHN Techorus Corp.
1.32%
7
GMO CLICK Securities, Inc.
1.09%
8
SBI SECURITIES Co., Ltd.
0.75%
9
DMM.com Securities Co., Ltd.
0.75%
10
Kimiko MAEDA
0.63%
Management
6 officers
Takeshi ISHII
Representative Director
Apr 1992 Joined Kokusai Finance Co., Ltd. Jul 2000 Joined Genki Co., Ltd.; Head of Corporate Planning Office Jan 2005 Director, Genki Co., Ltd. Feb 2005 Director, Genki Mobile Co., Ltd. May 2005 Joined Amuse Capital Co., Ltd.; Head of Group Corporate Planning Office Oct 2005 Joined AQ Interactive Inc. (now Marvelous Inc.); Head of IPO Preparation Office Apr 2006 Head of Corporate Planning Office, AQ Interactive Inc. Jun 2007 Executive Officer, in charge of Corporate Planning and IR; Head of Corporate Planning Office, AQ Interactive Inc. Sep 2009 Executive Officer, Network Contents Business Division General Manager, AQ Interactive Inc. May 2010 Established the Company; Representative Director (current) Mar 2013 Representative Director, Alt Dash Co., Ltd. Oct 2014 Director, Alt Dash Co., Ltd. Jun 2019 Outside Director, Tribal Media House Inc. Jan 2020 Director, Idea Factory Plus Co., Ltd. (current) Sep 2021 Director, DMM Onkure Co., Ltd. (now DMM.com LLC) Jun 2023 Representative Director, STAND Co., Ltd. (current)
1969-06-10
Toshihiko HOMMA
Director
Apr 1994 Joined Maruko Kogyo Co., Ltd. Aug 1998 Joined Softlab Co., Ltd. Jun 2001 Joined Mebius Co., Ltd. Apr 2007 Director, Business Division General Manager, Mebius Co., Ltd. Aug 2009 Joined Cross Games Co., Ltd. Aug 2014 Executive Officer, Producer, Cross Games Co., Ltd. Oct 2016 Joined the Company May 2019 Executive Officer, Game Development Division General Manager, the Company Jan 2020 Director, Idea Factory Plus Co., Ltd. (current) Jan 2022 Executive Officer, Game Business Division General Manager, the Company May 2022 Executive Officer, Entertainment Business Headquarters General Manager, the Company (current) Dec 2022 Director, the Company (current) Nov 2025 Director, STAND Co., Ltd. (current)
1976-01-28
Yu ISHIHARA
Director
Apr 2007 Joined Brighton Corporation Aug 2010 Joined Aizumi Co., Ltd. Feb 2011 Joined Snowdrop Co., Ltd. Oct 2015 Joined Doka Japan Co., Ltd. May 2019 Joined the Company Jan 2022 General Manager, Finance and Accounting Department, the Company (current) Apr 2024 Executive Officer, the Company (current) Nov 2024 Director, STAND Co., Ltd. Dec 2024 Director, the Company (current) Apr 2025 General Manager, Administration Division, the Company (current) Nov 2025 Corporate Auditor, STAND Co., Ltd. (current) Nov 2025 Corporate Auditor, Alt Plus Kochi Co., Ltd. (current) Nov 2025 Corporate Auditor, Idea Factory Plus Co., Ltd. (current)
1985-03-18
Hideaki IRIE
Director (Audit and Supervisory Committee Member)
Apr 1983 Joined Kaga Electronics Co., Ltd. Apr 1988 General Manager, Consumer Business Division, TAXAN USA Corporation Oct 1992 President & CEO, Renovation Products Inc. Aug 1994 President & COO, ASCII Entertainment Software Inc. Apr 1999 President & CEO, Agetec, Inc. Oct 2003 President & COO, SEGA of America Inc. Apr 2005 President & CEO, Agetec, Inc. Mar 2015 Executive Vice President & COO, Bandai Namco Entertainment America, Inc. Dec 2021 Director, the Company Dec 2024 Director (Audit and Supervisory Committee Member), the Company (current)
1959-03-08
Minoru SENGOKU
Director (Audit and Supervisory Committee Member)
Oct 2002 Joined Tohmatsu Audit Corporation (now Deloitte Touche Tohmatsu LLC) Jul 2011 Joined AKJ Partners Tax Accounting Corporation Mar 2013 Representative Director, Minami Aoyama Advisory Group Co., Ltd. (current) Apr 2013 Representative Director, Minami Aoyama Tax Accountants Corporation (current) Dec 2015 Auditor, Concourse Co., Ltd. (now StockTech Co., Ltd.) Nov 2016 Representative Director, Minami Aoyama HR Co., Ltd. (now Minami Aoyama Leaders Co., Ltd.) (current) Dec 2016 Outside Director (Audit and Supervisory Committee Member), Concourse Co., Ltd. (now StockTech Co., Ltd.) (current) Jun 2019 Outside Director (Audit and Supervisory Committee Member), AIRCROSS Co., Ltd. (current) Jul 2020 Representative Director, General Incorporated Association IPO M&A ACADEMY (current) Dec 2020 Representative Director, Minami Aoyama Holdings Co., Ltd. (current) Apr 2022 Director, MINAMI AOYAMA ADVISORY SINGAPORE PTE. LTD. (current) Dec 2022 Director (Audit and Supervisory Committee Member) of the Company (current) Jul 2024 Outside Auditor, Nexus Agent Co., Ltd. (current) Aug 2025 Representative Director, Engagement Stock Co., Ltd. (current)
1974-07-30
Motokazu ENDO
Director (Audit and Supervisory Committee Member)
Apr 1992 Registered as attorney-at-law (Second Tokyo Bar Association) Aug 1996 Partner, Kiyotsuka Katsuhisa Law Office (now Tokyo Kasumigaseki Law Office) (current) Jun 2005 Outside Corporate Auditor, T-Gaia Corporation Dec 2007 Outside Corporate Auditor, Asia Air Survey Co., Ltd. Jun 2011 Outside Corporate Auditor, Relo Holdings, Inc. (now Relo Group, Inc.) Mar 2014 Director, General Incorporated Association GBL (Global Business Law) Research Institute (current) May 2016 Outside Corporate Auditor, Good Cycle Systems Co., Ltd. Oct 2016 Director, Japan Governance Research Society (current) Dec 2017 Outside Director (Audit and Supervisory Committee Member), Looop Inc. Dec 2022 Director (Audit and Supervisory Committee Member), the Company (current)
1957-05-25
Large Shareholding Reports
TrustUp Inc.
2026-10-21
58.82%→56.78%
Evo Fund
2026-10-08
37.71%→42.34%
Evo Fund
2026-10-07
42.58%→37.71%
Evo Fund
2026-07-02
42.76%→42.58%
Evo Fund
2026-06-02
43.85%→42.76%
Evo Fund
2026-05-13
43.94%→43.85%
Evo Fund
2026-05-07
45.51%→43.94%
Evo Fund
2026-04-20
46.62%→45.51%
TrustUp Co., Ltd.
2026-04-10
58.82%→58.82%
TrustUp Co., Ltd.
2026-04-09
70.47%→58.82%
Correction filing (name/detail fix only) — ratio carried over from the original filing
TrustUp Co., Ltd.
2026-04-08
70.47%→58.82%
Evo Fund
2026-04-08
42.20%→46.62%
Evo Fund
2026-04-07
47.45%→42.20%
TrustUp Co., Ltd.
2026-04-07
72.68%→58.82%
TrustUp Co., Ltd.
2026-04-07
49.95%→73.93%
TrustUp Co., Ltd.
2026-04-06
72.68%→56.94%
TrustUp Co., Ltd.
2026-04-06
49.95%→72.68%
Evo Fund
2026-03-09
48.58%→47.45%
Taisuke OKAZAKI
2026-03-09
10.62%→25.46%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 9.53%
Taisuke OKAZAKI
2026-02-27
10.62%→10.62%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 9.53%
Evo Fund
2026-02-24
49.63%→48.58%
Evo Fund
2026-02-18
50.38%→49.63%
Evo Fund
2026-02-02
51.46%→50.38%
Evo Fund
2026-01-21
52.47%→51.46%
Evo Fund
2026-01-09
8.31%→52.47%
Taisuke OKAZAKI
2026-01-07
10.62%→25.46%
Annual report (as of 2026-03-31): 9.53%
TrustUp Co., Ltd.
2026-01-07
49.95%→73.93%
Evo Fund
2026-01-05
9.99%→8.31%
Takeshi ISHII
2026-01-05
8.35%→25.23%
Annual report (as of 2026-03-31): 2.16%
Takeshi ISHII
2026-01-05
8.35%→25.23%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 2.16%
Taisuke OKAZAKI
2025-12-04
10.62%→10.62%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 9.53%
Taisuke OKAZAKI
2025-12-02
10.62%→10.62%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 9.53%
Taisuke OKAZAKI
2025-12-02
10.62%→10.62%
Annual report (as of 2026-03-31): 9.53%
Taisuke OKAZAKI
2025-12-01
10.62%
Annual report (as of 2026-03-31): 9.53%
Evo Fund
2025-11-28
9.99%
TrustUp Co., Ltd.
2025-11-28
54.75%→54.75%
TrustUp Co., Ltd.
2025-11-28
54.75%→49.95%
TrustUp Co., Ltd.
2025-11-17
54.75%→54.75%
TrustUp Co., Ltd.
2025-09-24
69.52%→54.75%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-21
Large Shareholding Report
EDINET
2026-10-08
Large Shareholding Report
EDINET
2026-10-07
Large Shareholding Report
TDnet
2026-08-06
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-07-02
Large Shareholding Report
EDINET
2026-06-02
Large Shareholding Report
EDINET
2026-05-15
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
EDINET
2026-05-13
Large Shareholding Report
EDINET
2026-05-07
Large Shareholding Report
EDINET
2026-04-20
Large Shareholding Report
EDINET
2026-04-10
Large Shareholding Report
EDINETAmended
2026-04-09
Change Report
EDINET
2026-04-08
Large Shareholding Report
EDINET
2026-04-08
Large Shareholding Report
EDINET
2026-04-07
Large Shareholding Report
EDINETAmended
2026-04-07
Change Report
EDINETAmended
2026-04-07
Change Report
EDINETAmended
2026-04-06
Change Report
EDINET
2026-04-06
Large Shareholding Report
EDINET
2026-03-09
Large Shareholding Report
EDINETAmended
2026-03-09
Change Report
EDINETAmended
2026-02-27
Change Report
EDINET
2026-02-24
Large Shareholding Report
EDINET
2026-02-18
Large Shareholding Report
TDnet
2026-02-12
Q1 Earnings Flash
FY ending Sep 2026
EDINET
2026-02-02
Large Shareholding Report
EDINET
2026-01-21
Large Shareholding Report
EDINET
2026-01-09
Large Shareholding Report
EDINETAmended
2026-01-07
Change Report
EDINET
2026-01-07
Large Shareholding Report
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