Overview
Information & Communication

FLIGHT SOLUTIONS Inc.

Flight Solutions provides system consulting, development, and maintenance services primarily for logistics and financial sector clients, alongside cloud-based system development support (SI Solutions segment). The company develops and sells proprietary electronic payment solutions including the 'Incredist' series, the Android-based tap payment solution 'Tapion' series, the MyNumber Card identity verification solution 'myVerifist', and payment solutions for unmanned automated checkout machines (Payment Solutions segment). Additionally, the company develops and sells the B2B e-commerce site construction package 'EC-Rider B2B', offering related consulting and system integration services (EC Solutions segment).

Market Cap
¥3.83B
US$24.4M
EV
¥4.11B
US$26.2M
Stock¥261▼-7.45%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.6
x
LTM EV/EBIT
23.5
x
LTM PER
35.8
x
LTM PBR
4.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+17.5%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 10, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
3.83BUS$24.4MMarket Cap0.51BUS$3.22M+ Debt0.23BUS$1.46M− Cash0.00BUS$0.00M− Inv. Sec.4.11BUS$26.2MEV
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Performance & Balance
Revenue 5Y (¥B)
3.25US$20.7M'22/33.01US$19.2M'23/33.21US$20.5M'24/33.06US$19.5M'25/32.93US$18.7M'26/3
EBITDA 5Y (¥B)
0.19US$1.19M'22/30.11US$0.70M'23/3-0.03-US$0.20M'24/3-0.10-US$0.64M'25/3-0.04-US$0.25M'26/3
Net Income 5Y (¥B)
0.11US$0.73M'22/30.04US$0.26M'23/3-0.11-US$0.67M'24/3-0.38-US$2.44M'25/3-0.25-US$1.61M'26/3
Capital Structure
64%
36%
EquityD/E 0.56xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
0.68US$4.31M0.64US$4.11M'22/30.79US$5.03M0.78US$5.01M'23/30.55US$3.49M0.78US$4.99M'24/30.45US$2.89M0.67US$4.24M'25/30.22US$1.41M0.42US$2.67M'26/3
Shareholders
Top 10 hold 13.6%
1
SBI SECURITIES Co., Ltd.
3.25%
2
Rakuten Securities, Inc. (Joint Account)
2.81%
3
Fusao KATAOKA
1.32%
4
JPMorgan Securities Japan Co., Ltd.
1.18%
5
Keiichiro KATAYAMA
1.02%
6
Takao MATSUMOTO
1.01%
7
Norinobu SUGITA
0.86%
8
Yutaka OSAWA
0.75%
9
Keiichi KONO
0.69%
10
Masato TANAKA
0.69%
Management
7 officers
Keiichiro KATAYAMA
Representative Director, President
Apr 1985 Joined Ezel Inc. Apr 1988 Established Flight Co., Ltd. (now the Company); Representative Director, President of Flight Co., Ltd. Oct 2002 Representative Director, President of the Company (current) Dec 2014 CEO, FLIGHT SYSTEM USA Inc. (current) Oct 2023 General Manager, Product & Financial Services Division of the Company (current)
1962-03-10
Takao MATSUMOTO
Representative Director, Vice President
Apr 1979 Joined Computer Services Corporation (now SCSK Corporation) Jul 1989 Established CSK Tohoku System Corporation; Representative Director, Senior Managing Director of CSK Tohoku System Corporation Oct 2002 Director, Vice President of the Company Mar 2005 Director in charge of Administration of the Company Jun 2011 Representative Director, Vice President of the Company (current) Oct 2023 General Manager, Administration Division of the Company (current)
1956-09-04
Katsuaki WADA
Managing Director
Apr 1987 Joined Conam Inc. Aug 1990 Joined CSK Tohoku System Corporation Apr 2005 General Manager, SI Business Division of the Company Apr 2007 General Manager, SI Business Division of the Company May 2008 Executive Officer, General Manager, SI Business Division of the Company Jun 2011 Director of the Company Oct 2023 Managing Director, General Manager, Value Creation Division of the Company (current)
1965-07-06
Sachiko ITO
Director (Audit and Supervisory Committee Member)
Apr 1987 Joined International Business Machines Corporation (IBM) Japan, Ltd. Sep 2000 Part-time Lecturer, Musashino Women's University (now Musashino University) Feb 2005 Established Career Development Research Institute Co., Ltd.; Representative Outside Audit & Supervisory Board Member of the Company Jun 2024 Project Professor, Student Support Center, Tokyo Institute of Technology (now Institute of Science Tokyo) Oct 2024 Deputy Director, Student Support Center, Tokyo Institute of Technology (now Institute of Science Tokyo); Professor, Director, Future Talent Development Support Office Outside Director, Summit System Service Co., Ltd. (current) Director (Audit and Supervisory Committee Member) of the Company (current) Vice President for Student Affairs, Institute of Science Tokyo (current); Director, Student Support Center; Professor (current)
1964-01-19
Yoshiharu HAGIWARA
Director (Audit and Supervisory Committee Member)
May 1994 Registered as Judicial Scrivener Apr 1997 Opened Beck One Partners General Law Office / Hagiwara Judicial Scrivener Office (now Alex Counsel & Services Judicial Scrivener Office); Representative Partner (current) Oct 2008 Auditor, T.Y.O Inc. (now FIELD MANAGEMENT EXPAND Inc.) Nov 2013 Full-time Auditor, T.Y.O Inc. (now FIELD MANAGEMENT EXPAND Inc.) Feb 2015 Representative Director, Alex Real Estate Co., Ltd. (current) Jan 2017 Director (Audit and Supervisory Committee Member), AOI TYO Holdings Inc. (now KANAMEL Inc.) Jan 2021 Director, Hagijim Co., Ltd. (current) Director (Audit and Supervisory Committee Member) of the Company (current)
1969-02-04
Masaharu KURODA
Director (Audit and Supervisory Committee Member)
Apr 2003 Joined NEC Corporation Apr 2014 Head of NEC Mobile POS Service Business, NEC Corporation Apr 2019 General Manager, Payment Platform Business Development Division, NEC Corporation Apr 2023 Senior Business Manager, Retail Solutions Business Division (now Distribution & Service Solutions Business Division), NEC Corporation (current) Jun 2025 Director (Audit and Supervisory Committee Member) of the Company (current) Director, NEC Lifebex Corporation (current)
1979-04-03
Emi TORII
Director (Audit and Supervisory Committee Member)
Nov 2005 Passed the National Bar Examination Apr 2006 Judicial Apprentice Sep 2007 Joined Nozomi Sogo Law Office Apr 2015 Member, Pension Record Correction Review Board, Kanto-Shinetsu Regional Bureau, Ministry of Health, Labour and Welfare Apr 2019 Partner, Nozomi Sogo Law Office (current) May 2019 Outside Director, AEON MALL Co., Ltd. (current) Director (Audit and Supervisory Committee Member) of the Company (current)
1978-09-04
Large Shareholding Reports
Mita Securities Co., Ltd.
2026-03-06
9.08%→1.13%
Mita Securities Co., Ltd.
2026-02-09
10.08%→9.08%
Mita Securities Co., Ltd.
2026-01-15
11.14%→10.08%
Mita Securities Co., Ltd.
2025-12-11
15.67%→11.14%
Mita Securities Co., Ltd.
2025-11-21
16.69%→15.67%
Mita Securities Co., Ltd.
2025-10-22
17.78%→16.69%
Mita Securities Co., Ltd.
2025-10-01
18.85%→17.78%
Mita Securities Co., Ltd.
2025-09-19
19.93%→18.85%
Mita Securities Co., Ltd.
2025-09-11
19.93%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-03-06
Large Shareholding Report
TDnetAmended
2026-02-19
Q3 Earnings Flash
FY ending Mar 2026
TDnet
2026-02-16
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-02-09
Large Shareholding Report
EDINET
2026-01-15
Large Shareholding Report
EDINET
2025-12-11
Large Shareholding Report
EDINET
2025-11-21
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-22
Large Shareholding Report
EDINET
2025-10-01
Large Shareholding Report
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-09-11
Large Shareholding Report
EDINET
2025-08-19
Securities Registration Statement
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2024-08-30
Securities Registration Statement
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
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
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
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