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Overview

Information & Communication

ULS Group,Inc.

ULS Group provides strategic IT consulting and custom software development services to corporate clients, leveraging advanced IT expertise from a client-side perspective. The group's subsidiaries serve diverse sectors: Ulsystems focuses on financial, telecommunications, services, and manufacturing industries; Piecemeal Technology targets local governments and public entities; and Arcway specializes in IT architecture consulting for services, manufacturing, and financial companies. The group positions itself as delivering dual expertise in both business and technology through professionals who operate from the client's standpoint.

Market Cap

¥32.3B

US$206M

¥22.3B

US$142M

Stock¥570▲+1.79%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

6.8

LTM EV/EBIT

7.0

LTM PER

15.7

LTM PBR

2.7

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-45.6%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Nov 10, 25Correction on concerns over high valuation

2Feb 24, 26Profit-taking, DX demand momentum pausing

3Aug 13, 26Q1 FY2027/03 earnings announced

MC → EV Bridge

AI Briefing

Generating insights…

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

100%

EquityD/E 0.00xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 67.6%

as of 2026-03-31 · Source: Annual Securities Report

Shigeru URUSHIHARA

45.40%

Keiichi TAKAHASHI

5.16%

ULS Group,Inc. Employee Stock Ownership Association

4.24%

INTEC Inc.

3.89%

Custody Bank of Japan, Ltd. (Trust Account)

2.13%

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

2.05%

NORTHERN TRUST CO.(AVFC) RE NON TREATY CLIENTS ACCOUNT (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)

1.61%

Daizo ONODERA

1.14%

Yumiko BABA

1.09%

BBH FOR GRANDEUR PEAK GLOBAL OPPORTUNITIES FUND (Standing Proxy: MUFG Bank, Ltd.)

0.87%

Management

7 officers

Shigeru URUSHIHARA

Representative Director, Chairman

Apr 1987 Joined Oki Electric Industry Co., Ltd. Sep 1989 Visiting Researcher, Computer Systems Laboratory, Stanford University Apr 1999 Joined System Solutions Group, Oki Electric Industry Co., Ltd. Apr 2000 Joined System Solutions Company, Oki Electric Industry Co., Ltd. Jul 2000 President and Representative Director, the Company Jan 2008 Director, Open Source CRM Co., Ltd. Oct 2011 President and Representative Director, ULS Systems Co., Ltd. (now ULS Consulting Co., Ltd.) Sep 2014 Outside Director, BrainPad Inc. Feb 2020 Director, Arcway Co., Ltd. Sep 2020 President and Representative Director, Arcway Co., Ltd. (current) May 2022 Chairman and Representative Director, ULS Systems Co., Ltd. (now ULS Consulting Co., Ltd.) May 2025 Director and Chairman, ULS Consulting Co., Ltd. (current) Jun 2025 Chairman and Representative Director, the Company (current)

1965-02-24

Yoshinari YOKOYAMA

Representative Director, President

Apr 1997 Joined NEC Information Systems, Ltd. Oct 2005 Joined the Company Oct 2011 Joined ULS Systems Co., Ltd. (now ULS Consulting Co., Ltd.), Deputy General Manager, Business Development Department Apr 2013 Deputy General Manager, Business Development Division, ULS Systems Co., Ltd. Apr 2016 General Manager, Technology Service Planning Department, ULS Systems Co., Ltd. Apr 2017 Head of Innovation Center, ULS Systems Co., Ltd. Apr 2018 General Manager, Technology Service Department, ULS Systems Co., Ltd. Apr 2019 General Manager, Technology Service Division, ULS Systems Co., Ltd. May 2019 Director, ULS Systems Co., Ltd. May 2022 President and Representative Director, ULS Consulting Co., Ltd. (current) Jun 2022 Director, the Company Jun 2025 President and Representative Director, the Company (current)

1974-01-04

Keiichi TAKAHASHI

Director, CFO

Oct 1994 Joined Chuo Audit Corporation Apr 1998 Registered as Certified Public Accountant Oct 2000 Joined the Company as Director (managerial title) Jun 2002 Executive Officer in charge of Finance, the Company Dec 2003 Director, the Company (current) Jan 2008 Director, Open Source CRM Co., Ltd. Oct 2009 Director, Piecemeal Technology Co., Ltd. (current) Oct 2011 Director, ULS Consulting Co., Ltd. (current) Oct 2011 Outside Director, Nautilus Technologies Inc. (current) Feb 2017 Director, Ocean Bridge Co., Ltd. (current) Sep 2020 Director, Arcway Co., Ltd. (current)

1970-10-12

Kenichi FURUSAWA

Director

Apr 1990 Joined A.S.T. Co., Ltd. Apr 1998 Joined E.C. One Co., Ltd. Oct 2004 Director, Trust Convection Co., Ltd. Oct 2008 Joined E.C. One Co., Ltd. Jun 2010 Director, E.C. One Co., Ltd. Jun 2011 Director, the Company Oct 2011 Director, ULS Systems Co., Ltd. (now ULS Consulting Co., Ltd.) (current)

Yasushi INUBUSHI

Director (Full-time Audit and Supervisory Committee Member)

Apr 1990 Joined Oki Electric Industry Co., Ltd. Sep 2000 Joined the Company Apr 2011 General Manager, Consulting Division III, the Company Oct 2011 Joined ULS Systems Co., Ltd. (now ULS Consulting Co., Ltd.), General Manager, Consulting Division III Apr 2012 General Manager, Professional Services Division IV, ULS Systems Co., Ltd. Apr 2016 General Manager, Information and Communications Division I, ULS Systems Co., Ltd. Apr 2017 General Manager, IT Innovation Division IV, ULS Systems Co., Ltd. Mar 2021 General Manager, IT Innovation Division III, ULS Systems Co., Ltd. May 2022 Audit & Supervisory Board Member, ULS Consulting Co., Ltd. (current) May 2022 Audit & Supervisory Board Member, Piecemeal Technology Co., Ltd. (current) May 2022 Audit & Supervisory Board Member, Arcway Co., Ltd. (current) Jun 2022 Director (Full-time Audit and Supervisory Committee Member), the Company (current)

1969-06-16

Mami KARATSU

Director, Audit and Supervisory Committee Member

Apr 1996 Registered as attorney-at-law Apr 1996 Joined Tokyo Eiwa Law Office Feb 1999 Joined Freshfields Law Office Jan 2005 Joined Kotto-dori Law Office, Partner Jun 2006 Outside Audit & Supervisory Board Member, the Company Jan 2016 Of Counsel, Kotto-dori Law Office Mar 2018 Founded Takagicho Law Office, Partner (current) Jul 2018 Outside Audit & Supervisory Board Member, Wedding Park Co., Ltd. May 2021 Outside Director, Central Security Patrols Co., Ltd. Jun 2021 Outside Director (Audit and Supervisory Committee Member), the Company (current) May 2023 Outside Director (Audit and Supervisory Committee Member), Central Security Patrols Co., Ltd. (current)

1968-08-05

Yuka MASUNARI

Director, Audit and Supervisory Committee Member

Jan 2011 Registered as attorney-at-law Jan 2011 Joined Kojima International Law Office Jul 2014 Joined Kunihiro Sogo Law Office May 2023 Joined Ushigome-bashi Law Office Sep 2024 Founded Shiratori-bashi Law Office, Representative Attorney (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), the Company (current)

1984-10-04

Large Shareholding Reports

No filings

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-08-12

Q1 Earnings Flash

FY ending Mar 2027

ULS Group,Inc.

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ULS Group,Inc.

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