beluuga.ai

Overview

Information & Communication

SHIFT Inc.

SHIFT Inc. is a Japan-based IT solutions company specializing in software quality assurance, testing services, and IT consulting aimed at helping clients develop market-ready, high-quality services. The company offers a comprehensive suite of IT solutions including AI-driven development, DX (digital transformation) support, and contact center automation across a broad range of industries. With over 2,177 client companies served and a group of 40 companies, SHIFT leverages its testing expertise and growing M&A strategy to expand its service offerings and market reach.

Market Cap

¥295B

US$1.88B

¥295B

US$1.88B

Stock¥1,156▲+0.78%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

13.6

LTM EV/EBIT

16.9

LTM PER

39.8

LTM PBR

7.1

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-20.6%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Oct 16, 26FY2026/8 adjusted operating profit +14.8% to ¥20.3bn; FY2027/8 guidance +23.4% to ¥25bn; first-ever dividend ¥4.1

MC → EV Bridge

AI Briefing

Generating insights…

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

54%

46%

EquityD/E 0.84xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 55.4%

as of 2026-02-28 · Source: Annual Securities Report

Dai TANGE

31.57%

The Master Trust Bank of Japan, Ltd. (Trust Account)

9.00%

BROWN BROTHERS HARRIMAN (LUXEMBOURG) SCA CUSTODIAN FOR ARCUS FUND SICAV - ARCUS JAPAN FUND (Standing Proxy: MUFG Bank, Ltd.)

4.49%

Custody Bank of Japan, Ltd. (Trust Account)

3.98%

STATE STREET BANK AND TRUST COMPANY 505025 (Standing Proxy: Mizuho Bank, Ltd.)

1.28%

Japan Master Trust Bank, Ltd. (Stock Grant ESOP Trust Account No. 75876)

1.24%

Nomura Trust and Banking Co., Ltd. (Investment Trust Account)

1.04%

SBI SECURITIES Co., Ltd.

1.02%

BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCT E PSMPJ (Standing Proxy: MUFG Bank, Ltd.)

0.98%

JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)

0.84%

Management

9 officers

Dai TANGE

Representative Director, President

Apr 2000 Joined INX Inc. (now SOLIZE Inc.) Sep 2005 Established the Company; Representative Director, President (current) Sep 2012 Director, SHIFTGLOBAL PTE. LTD. (current)

1974-09-22

Michio SASAKI

Chairman, Director

Mar 1982 Joined Lead Electric Co., Ltd. (now KEYENCE CORPORATION) Jun 1999 Director, APSULT Business Division General Manager and Business Promotion Division General Manager, KEYENCE CORPORATION Dec 2000 Representative Director, President, KEYENCE CORPORATION Dec 2010 Director, Special Advisor, KEYENCE CORPORATION Jun 2018 Outside Director, Tokyo Electron Limited (current) Nov 2018 Outside Director, the Company Nov 2019 Outside Director (Audit and Supervisory Committee Member), the Company Nov 2020 Director, Vice President, the Company Nov 2024 Chairman, Director, the Company (current)

1957-03-07

Motoya KOBAYASHI

Director

Apr 2003 Joined INX Inc. (now SOLIZE Inc.) Apr 2007 Joined the Company Nov 2009 General Manager, Software Testing Business Division, the Company May 2013 Executive Officer, the Company Nov 2014 Director, the Company (current) Apr 2015 Director, SHIFT PLUS Inc. Jun 2019 Director, SHIFTASIA CO., LTD. Nov 2021 Director, VISH Inc. Oct 2023 Representative Director, ALH Inc.

1979-02-13

Seiten MURAKAMI

Director

Apr 2003 Joined Goldman Sachs Securities Co., Ltd. Jul 2017 Established Signifiant Inc.; Representative Director (current) Mar 2020 Outside Director, Bellface Inc. Nov 2020 Outside Director, the Company (current) Jan 2022 Outside Director, Bitstar Inc. (current) Mar 2022 Outside Director, hacomono Inc. (current) Mar 2022 Outside Director, SmartHR, Inc. (current) Apr 2022 Outside Director, Saica Inc. (current)

1978-08-16

Fumiko MOTOYA

Director

Apr 1966 Joined Fukui Shinkin Bank Jun 1971 Director, Shinkin Development Co., Ltd. (now APA Co., Ltd.) (current) Dec 1980 Established APA Hotel Co., Ltd.; Director Feb 1994 Representative Director, President, APA Hotel Co., Ltd. (current) Dec 2015 Established APA Holdings Co., Ltd.; Director (current) Nov 2020 Outside Director, the Company (current) May 2021 Outside Director, TKP Corporation (current)

1947-07-08

Tetsujiro NAKAGAKI

Director, Audit and Supervisory Committee Member (Non-Executive)

Apr 1996 Joined Nihon Asia Investment Co., Ltd. Apr 2011 General Manager, Investment Division, Nihon Asia Investment Co., Ltd. Apr 2011 Established DFJ JAIC Venture Partners, LLC (now DraperNexus Venture Partners, LLC) Mar 2013 Established DJ Partners Co., Ltd.; Representative Director (current) Sep 2014 Director, Innova Inc. (current) Nov 2014 Outside Director, the Company Apr 2018 Director, favy Inc. (current) Nov 2020 Outside Director (Audit and Supervisory Committee Member), the Company (current) Jan 2025 Representative Director, Theta Times Partners Inc. (current)

1973-02-02

Amy Shigemi HATTA

Director

Apr 1996 Joined ASTRA AB (now AstraZeneca PLC) May 2000 Obtained MBA, New York University Aug 2000 Joined Merrill Lynch & Co. (now BofA Securities) Apr 2002 Joined TIAA-CREF (now Nuveen, A TIAA Company) Apr 2023 Established Aglow Management Inc. Aug 2023 Outside Director, Nomura Holding America Inc. (current) Nov 2023 Outside Director, the Company (current) Mar 2024 Outside Director (Audit and Supervisory Committee Member), SUMCO Corporation (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), Nomura Asset Management Co., Ltd. (current)

1968-03-07

Yusuke ARAI

Director, Audit and Supervisory Committee Member (Full-Time)

Apr 1998 Joined Tatsumi Shoji Co., Ltd. Jan 2004 Joined Sanko Techno Co., Ltd. Jan 2006 Joined Misuzu Audit Corporation (formerly Chuo Aoyama Audit Corporation) Aug 2007 Joined Ryusei Audit Corporation Dec 2008 Joined Shin Nihon LLC (now EY ShinNihon LLC) Jul 2010 Registered as Certified Public Accountant Jul 2016 Joined Toyo Audit Corporation Nov 2021 Outside Director (Audit and Supervisory Committee Member), the Company (current) Mar 2022 Corporate Auditor, SHIFT Growth Capital Inc. (current) Nov 2022 Corporate Auditor, SNC Co., Ltd. (current) Sep 2023 Outside Corporate Auditor, Sourcing Brothers Inc. (current) Jun 2024 Outside Director (Audit and Supervisory Committee Member), Postas Inc. (current)

1975-01-01

Naoko YANAKA

Director, Audit and Supervisory Committee Member (Non-Executive)

Oct 2001 Registered as attorney-at-law (Second Tokyo Bar Association); joined Anderson Mori & Tomotsune Jan 2021 Joined Tokyo International Law Office (current) Mar 2022 Corporate Auditor, SHIFT Growth Capital Inc. (current) May 2023 Supervisory Director, Mitsubishi Estate Logistics REIT Investment Corporation (current) Nov 2023 Outside Director (Audit and Supervisory Committee Member), the Company (current)

1976-09-13

Large Shareholding Reports

Arcus Investment Limited

2026-10-23

7.14%→6.14%

Nomura Asset Management Co., Ltd.

2026-10-06

5.11%→5.13%

Nomura Asset Management Co., Ltd.

2026-09-24

5.28%→5.11%

Amova Asset Management Co., Ltd.

2026-09-04

3.02%→2.92%

Nomura Asset Management Co., Ltd.

2026-07-22

4.96%→4.96%

Nomura Asset Management Co., Ltd.

2026-06-19

5.01%→4.96%

Nomura Asset Management Co., Ltd.

2026-05-21

5.01%→5.01%

Nomura Asset Management Co., Ltd.

2026-05-11

4.96%→5.01%

Amova Asset Management Co., Ltd.

2026-05-11

2.87%→3.02%

Amova Asset Management Co., Ltd.

2026-04-06

2.90%→2.87%

Nomura Asset Management Co., Ltd.

2026-04-06

4.98%→4.96%

Arcus Investment Limited

2026-04-03

6.04%→7.14%

Arcus Investment Limited

2026-03-23

5.01%→6.04%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Nomura Asset Management Co., Ltd.

2026-03-19

5.38%→4.98%

Arcus Investment Limited

2026-03-19

5.01%→6.04%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Arcus Investment Limited

2026-03-18

5.01%→6.04%

Arcus Investment Limited

2026-03-18

5.01%→6.04%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Nomura Asset Management Co., Ltd.

2026-03-05

5.71%→5.38%

Amova Asset Management Co., Ltd.

2026-03-05

2.97%→2.90%

Arcus Investment Limited

2026-03-03

5.01%

Dai TANGE

2026-03-03

33.18%→33.18%

Annual report (as of 2026-02-28): 31.57%

Nomura Asset Management Co., Ltd.

2026-02-19

5.01%→5.71%

Dai TANGE

2026-02-13

34.09%→33.18%

Annual report (as of 2026-02-28): 31.57%

Nomura Asset Management Co., Ltd.

2026-02-06

4.84%→5.01%

Goldman Sachs Asset Management Co., Ltd.

2026-02-06

2.82%→1.68%

Dai TANGE

2026-02-06

34.09%→33.18%

Annual report (as of 2026-02-28): 31.57%

Sumitomo Mitsui Trust Asset Management Co., Ltd.

2026-02-05

4.71%→3.25%

Goldman Sachs Asset Management Co., Ltd.

2026-01-22

3.22%→2.82%

Nomura Asset Management Co., Ltd.

2026-01-21

4.84%

Nomura Asset Management Co., Ltd.

2026-01-09

5.15%→4.57%

Sumitomo Mitsui Trust Asset Management Co., Ltd.

2026-01-08

5.42%→4.71%

Nomura Asset Management Co., Ltd.

2025-12-22

5.66%→5.15%

Nomura Asset Management Co., Ltd.

2025-11-20

5.42%→5.66%

Goldman Sachs Asset Management Co., Ltd.

2025-10-22

3.04%→3.22%

Nomura Asset Management Co., Ltd.

2025-10-21

5.71%→5.42%

Sumitomo Mitsui Trust Asset Management Co., Ltd.

2025-10-21

5.20%→5.42%

Nomura Asset Management Co., Ltd.

2025-10-07

5.71%

Capital Research and Management Company

2025-09-22

5.24%→4.01%

Sumitomo Mitsui Trust Asset Management Co., Ltd.

2025-09-19

5.58%→5.20%

Disclosures

No disclosures

Primary Source Filings

EDINET

2026-10-23

Large Shareholding Report

SHIFT Inc.

Try the full product

SHIFT Inc.

Try the full product

More Japanese companies in Information & Communication