Overview
Information & Communication

DIGITAL PLUS,Inc.

Digital Plus, Inc. operates two core business segments: a Fintech business and a Digital Marketing business. The Fintech segment, operated primarily through subsidiary Digital Fintech Co., Ltd., provides a digital gift and reward payment infrastructure ('Digital Gift®') targeting marketing/advertising, human resources, and financial DX sectors, achieving an annual gross merchandise value of ¥13 billion (78% YoY growth) with expanding adoption in shareholder benefit programs. The Digital Marketing segment manages owned media properties. The company has also obtained a second-class funds transfer business license, enabling compensation and refund payment processing.

Market Cap
¥6.91B
US$44.1M
EV
¥4.47B
US$28.5M
Stock¥1,585▼-2.52%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
25.5
x
LTM EV/EBIT
52.8
x
LTM PER
NM
LTM PBR
8.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+11.3%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 17, 26Q3 FY2026/09 earnings announced
MC → EV Bridge
6.91BUS$44.1MMarket Cap1.64BUS$10.5M+ Debt4.11BUS$26.2M− Cash0.00BUS$0.00M− Inv. Sec.0.03BUS$0.20M+ NCI4.47BUS$28.5MEV
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Performance & Balance
Revenue 5Y (¥B)
0.30US$1.93M'21/90.62US$3.97M'22/90.67US$4.24M'23/90.84US$5.34M'24/90.93US$5.95M'25/9
EBITDA 5Y (¥B)
-0.13-US$0.84M'21/90.03US$0.16M'22/9-0.19-US$1.18M'23/90.10US$0.61M'24/90.05US$0.32M'25/9
Net Income 5Y (¥B)
0.03US$0.21M'21/9-0.18-US$1.14M'22/9-0.29-US$1.84M'23/90.02US$0.13M'24/9-0.07-US$0.45M'25/9
Capital Structure
33%
67%
EquityD/E 2.05xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
0.62US$3.98M0.24US$1.52M'21/90.92US$5.87M0.36US$2.27M'22/90.44US$2.84M0.56US$3.57M'23/90.80US$5.11M0.78US$4.99M'24/91.11US$7.10M1.36US$8.67M'25/9
Shareholders
Top 10 hold 60.4%
1
Masaaki KIKUCHI
23.63%
2
PC Investment Limited Partnership
9.24%
3
Macbee Planet,Inc.
8.46%
4
Tsuyoshi WATANABE
5.03%
5
Dokoyorimo Co., Ltd.
4.39%
6
SBI SECURITIES Co., Ltd.
3.42%
7
Yu FUKUI
2.63%
8
Takayuki TOKI
1.31%
9
CERES INC.
1.25%
10
Noboru KANEKO
1.06%
Management
7 officers
Masaaki KIKUCHI
Representative Director, President
Oct 2001 Joined CyberAgent, Inc. Mar 2004 Manager, CyberAgent, Inc. Mar 2005 Seconded to CA Capital Co., Ltd. (now CyberAgent Ventures, Inc.) Jul 2005 Founded the Company; assumed office as Representative Director, President (current)
1978-03-25
Hirofumi CHIBA
Director
Apr 2013 Joined the Company Mar 2018 Representative Director, Real X Co., Ltd. May 2020 Executive Officer, the Company Dec 2020 Director, the Company (current)
1990-08-22
Ryo KATO
Director
Apr 2004 Joined Chuo Aoyama Audit Corporation Nov 2005 Joined Morgan Stanley Securities Co., Ltd. Jan 2009 Director, Fortravel Co., Ltd. May 2010 Joined Barclays Securities Japan Limited Sep 2012 Joined Coach Japan LLC Sep 2014 Chief Investment Officer, S-team LLC Oct 2015 Representative Director, the GUEST Co., Ltd. Feb 2016 Director, United & Collective Co., Ltd. Sep 2016 Representative Director, YAP JAPAN Co., Ltd. (current) Dec 2018 Designated Member, AltGate LLC Jun 2019 Director, Inbound Technology Co., Ltd. (current) Dec 2020 Executive Officer, CFO and General Manager of Group Headquarters, the Company Mar 2022 Director (Audit and Supervisory Committee Member), bitFlyer Holdings, Inc. (current) Dec 2022 Director, CFO and General Manager of Group Headquarters, the Company (current)
1980-04-27
Hiroshi SAWA
Outside Director
Apr 2009 Representative Director, DataSection Inc. Apr 2013 Director, Solid Intelligence Inc. Oct 2018 Outside Director, Tranzax Co., Ltd. Oct 2018 Outside Director, Progress Co., Ltd. (now TOKYO BIG HOUSE Co., Ltd.) Dec 2018 Outside Director, Macbee Planet, Inc. (current) Mar 2019 Representative Director, Estate Technologies Co., Ltd. (current) Oct 2019 Outside Director, ROBOT PAYMENT Inc. (current) Mar 2020 Outside Director, Adish Co., Ltd. (current) Dec 2022 Outside Director, the Company (current)
1969-01-28
Masayuki SHIMURA
Director, Audit and Supervisory Committee Member
Apr 1982 Joined The Mitsui Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Apr 2010 Managing Executive Officer, Head of Asia and Oceania Division, Sumitomo Mitsui Banking Corporation Apr 2015 Senior Managing Executive Officer, Sumitomo Mitsui Banking Corporation May 2017 Senior Managing Executive Officer, Sumitomo Mitsui Card Company, Limited Jun 2018 Representative Director, Senior Managing Executive Officer, Sumitomo Mitsui Card Company, Limited Jul 2019 Representative Director, Shimura & Partners Co., Ltd. (current) Aug 2019 Outside Director, BASE, Inc. (current) Mar 2020 Outside Director, bitFlyer Holdings, Inc. (current) Dec 2022 Outside Director (Audit and Supervisory Committee Member), the Company (current) Apr 2025 Outside Audit & Supervisory Board Member, HashPort Inc. (current)
1958-09-07
Kenjiro NISHII
Director, Audit and Supervisory Committee Member
Apr 1994 Joined Sanwa Bank, Ltd. (now MUFG Bank, Ltd.) Sep 2007 Joined Morgan Stanley Securities Co., Ltd. (now Morgan Stanley MUFG Securities Co., Ltd.) Nov 2010 Joined Daiwa Securities Group Inc. Sep 2012 Joined Seven Bank, Ltd. Mar 2019 Director, TORANOTEC Co., Ltd. (current) Jul 2020 Executive Officer, Seven Bank, Ltd. (current) Nov 2021 Director, Fintech Association of Japan (current) Dec 2023 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1971-08-14
Yuma MATSUMOTO
Director, Audit and Supervisory Committee Member
Jan 2018 Registered as attorney-at-law Jan 2018 Joined Sato Sogo Law Office Apr 2021 Joined Recruit Co., Ltd. Oct 2024 Joined Sato Sogo Law Office (current) Dec 2024 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1990-07-12
Large Shareholding Reports
SBI Capital Co., Ltd.
2026-04-03
9.07%→9.04%
Masaaki KIKUCHI
2025-12-16
24.11%→26.53%
Annual report (as of 2026-03-31): 23.63%
Masaaki KIKUCHI
2025-10-03
31.21%→24.11%
Annual report (as of 2026-03-31): 23.63%
SBI Capital Co., Ltd.
2025-07-31
9.78%→9.07%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-14
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-05-15
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
EDINET
2026-04-03
Large Shareholding Report
TDnet
2026-02-13
Q1 Earnings Flash
FY ending Sep 2026
EDINETAmended
2025-12-24
Amended Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
EDINET
2025-12-24
Annual Securities Report
Period: Oct 2024 – Sep 2025
EDINETAmended
2025-12-17
Change Report
EDINET
2025-12-16
Large Shareholding Report
EDINETAmended
2025-10-03
Change Report
TDnet
2025-08-14
Q3 Earnings Flash
FY ending Sep 2025
EDINET
2025-07-31
Large Shareholding Report
EDINET
2025-05-15
Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-02-14
Q1 Earnings Flash
FY ending Sep 2025
EDINET
2024-12-26
Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINET
2024-08-30
Securities Registration Statement
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-22
Securities Registration Statement
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2024-01-04
Annual Securities Report
Period: Oct 2022 – Sep 2023
TDnet
2024-01-04
Full-Year Earnings Flash
FY ending Sep 2023
EDINET
2023-08-15
Securities Registration Statement
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-21
Annual Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-12-22
Annual Securities Report
EDINET
2021-08-13
Quarterly Securities Report
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