Overview
Information & Communication

CyberStep Holdings,Inc.

CyberStep Holdings is a diversified Japanese group operating across online gaming, entertainment, fintech, Web3, and sales businesses. Its core gaming subsidiary develops and operates online games such as 'GetAmped,' 'Onigiri,' and 'Terabit' in Japan, North America, and Taiwan/Hong Kong/Macau, both through direct self-operation and international licensing/royalty arrangements. The group also operates an online crane game platform (Toreba), VTuber content production, audio production for film and animation, and is expanding into fintech and Web3 via dedicated subsidiaries.

Market Cap
¥13.4B
US$85.2M
EV
¥10.6B
US$67.9M
Stock¥163▲+1.88%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
2.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-77.5%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 25, 25Gaming-related stock correction
2Jul 16, 26Full-year FY2026/05 earnings announced
MC → EV Bridge
13.4BUS$85.2MMarket Cap0.13BUS$0.85M+ Debt2.84BUS$18.1M− Cash0.00BUS$0.00M− Inv. Sec.0.00BUS$0.01M+ NCI10.6BUS$67.9MEV
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Performance & Balance
Revenue 5Y (¥B)
7.42US$47.3M'22/54.06US$25.9M'23/52.99US$19.0M'24/52.50US$16.0M'25/52.14US$13.7M'26/5
EBITDA 5Y (¥B)
-1.26-US$8.04M'22/5-1.15-US$7.33M'23/5-1.44-US$9.20M'24/5-1.76-US$11.2M'25/5-1.62-US$10.4M'26/5
Net Income 5Y (¥B)
-2.10-US$13.4M'22/5-1.38-US$8.80M'23/5-1.46-US$9.30M'24/5-1.70-US$10.8M'25/5-3.42-US$21.8M'26/5
Capital Structure
98%
EquityD/E 0.02xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.67US$10.7M0.23US$1.46M'22/52.28US$14.5M0.44US$2.78M'23/50.90US$5.76M0.21US$1.33M'24/50.30US$1.93M0.12US$0.77M'25/53.63US$23.2M0.14US$0.88M'26/5
Shareholders
Top 10 hold 61.7%
1
QL Limited Liability Business Partnership
15.54%
2
QL No. 2 Limited Liability Business Partnership
11.72%
3
Tiger Japan Investment Co., Ltd.
10.13%
4
Tsunagaru LLC
7.90%
5
Exhume Limited Liability Business Partnership
7.81%
6
CD One LLC
2.53%
7
Cools '97 Co., Ltd.
1.90%
8
Rights Cube Co., Ltd.
1.59%
9
Kiyoshi YASUNO
1.34%
10
Ming ZHANG
1.22%
Management
12 officers
Rui SATO
Representative Director, Chairman; in charge of New Business Division
Apr 2000 Started business Jul 2000 Established Cyberstep.com Co., Ltd. (now the Company); assumed office as Director Aug 2001 Reorganized into a stock company; concurrently assumed office as Representative Director and President of the Company Jul 2005 Assumed office as Representative Director and Chairman of the Company Nov 2006 Assumed office as Representative Director and President of the Company Aug 2025 Assumed office as Representative Director and Chairman of the Company (current)
1977-07-14
Shinji YUASA
Representative Director, President
Nov 2006 Established Yuasa Office LLC; Representative Member (current) Feb 2008 Director, Techno Venture Co., Ltd. Sep 2009 Vice President and Director, Nihon Sangyo Holdings, Inc. Jun 2010 Outside Director, Satou Foods Industry Co., Ltd. Dec 2010 Outside Director, Maruman Ltd. Oct 2012 Vice President and Director, Dosanko Co., Ltd. Jun 2015 Group Managing Director, Nippack Co., Ltd. Jul 2024 Person Executing Duties, Netprice Business Restructuring LLC Oct 2024 Vice President Executive Officer and Director, ANAP Inc. (now ANAP Holdings Inc.) Feb 2025 President and Director, ANAP Inc. Jul 2025 Director, ANAP Inc. Aug 2025 Assumed office as Representative Director and President of the Company (current)
1965-07-25
Seshiki TANAKA
Director
Apr 2019 Established Piano Investment Co., Ltd.; Director (current) May 2019 Established Hyutre Co., Ltd.; Representative Director (current) Aug 2025 Assumed office as Director of the Company (current)
1998-07-08
Shinji TANABE
Director
Feb 2012 Joined Comlac Co., Ltd. Aug 2018 Opened practice as sole proprietor (current) Feb 2019 Joined Zakuro Investment Advisory Co., Ltd. Aug 2025 Assumed office as Director of the Company (current)
1985-07-12
Kanehisa WATANABE
Director
May 1986 Joined Olive de Olive Co., Ltd. May 2013 Chairman of the Board and Director, Olive de Olive Co., Ltd. Jun 2018 Chairman of the Board and Director, mokk Co., Ltd. (current) Aug 2018 Established gf.N Co., Ltd.; Representative Director (current) Jul 2019 Established R&D Co., Ltd.; Representative Director (current) Aug 2024 Outside Audit and Supervisory Board Member of the Company Aug 2026 Assumed office as Director of the Company (current)
1966-05-10
Kenichi MATSUI
Director
Apr 2003 Joined KOBE Securities Co., Ltd. Jul 2007 Joined Tamagawa Holdings Co., Ltd. Apr 2011 Joined First Village Co., Ltd. Apr 2013 Joined Lexem Co., Ltd. Oct 2014 Joined Forside Co., Ltd. Feb 2023 Joined Nihon Enerize Co., Ltd. Aug 2025 Assumed office as Outside Director of the Company (current)
1980-07-18
Satoshi ONO
Director
Apr 1989 Entered Supreme Court Legal Training and Research Institute; 43rd Class Legal Trainee Apr 1991 Registered as attorney at law, Daini Tokyo Bar Association Apr 2006 Opened Libra Law & Accounting Office; Head of Office (current) Sep 2019 Outside Director, BRUNO Inc. (current) Apr 2024 Outside Audit and Supervisory Board Member, REXT Holdings Inc. (current) Jun 2025 Outside Director and Audit and Supervisory Committee Member, Horita Marusho Co., Ltd. (now Bitcoin Japan Inc.) (current) Mar 2026 Outside Director, Toho Remac Co., Ltd. (current) Aug 2026 Assumed office as Director of the Company (current)
1964-10-22
Hikaru CHIHARA
Director
Apr 1988 Entered Supreme Court Legal Training and Research Institute; 43rd Class Legal Trainee Apr 1988 Registered as attorney at law, Daini Tokyo Bar Association Jun 1994 Partner of the same law office (current) Mar 2005 Outside Audit and Supervisory Board Member, Tsukada Global Holdings Co., Ltd. (current) Dec 2008 Outside Audit and Supervisory Board Member, Management Solutions Co., Ltd. (current) Aug 2026 Assumed office as Director of the Company (current)
1961-12-12
Takeshi MIURA
Full-time Audit and Supervisory Board Member
Apr 1984 Joined Dai-Ichi Kangyo Bank, Ltd. Dec 1996 Joined Nihon Investors Service Co., Ltd. Feb 2000 Joined Goldman Sachs Securities Co., Ltd. Jan 2001 General Manager, Financial Strategy Department, Goldman Sachs Securities Co., Ltd. Aug 2006 General Manager, Credit Trading Department, Goldman Sachs Securities Co., Ltd. May 2012 Joined Morgan Stanley MUFG Securities Co., Ltd. Apr 2013 Joined Tokyo Star Bank, Ltd. Jun 2014 Joined Credit Suisse Securities (Japan) Ltd. Feb 2018 Joined Masabayashi International Patent & Trademark Office Nov 2019 Established Japan Intellectual Property Research Institute, Inc.; Representative Director (current) Apr 2020 Joined Wells Partners Inc. as contract staff Nov 2021 Established Financial Platform Hub Inc.; Representative Director (current) Aug 2025 Assumed office as Outside Audit and Supervisory Board Member of the Company (current)
1961-10-29
Nobukatsu HANASHIMA
Audit and Supervisory Board Member
Aug 1996 Joined Fukayo Accounting Office (now Fukayo Tax Corporation) Aug 1996 Non-regular staff, Seiwa Audit Corporation (now Deloitte Touche Tohmatsu LLC) Feb 2008 Registered as Certified Public Accountant Sep 2010 Registered as Certified Tax Accountant Mar 2016 Representative Member, Fukayo Tax Corporation (current) Aug 2016 Head of Office, Fukayo Tax Corporation (current) Dec 2016 Registered as Administrative Scrivener Aug 2024 Outside Audit and Supervisory Board Member of the Company (current)
1972-09-27
Hideaki NUMAI
Audit and Supervisory Board Member
Jan 2011 Joined Yoshida Shuhei Law Office Jun 2014 Joined Nijubashi Law Office (now Iwata Law Office) Feb 2016 Partner, Kotohira Sogo Law Office Jun 2019 Outside Audit and Supervisory Board Member, Kosaido Holdings Co., Ltd. (current) Jun 2021 Director and Audit and Supervisory Committee Member, Pass Co., Ltd. Jun 2021 Outside Audit and Supervisory Board Member, Plako Co., Ltd. (current) Jun 2023 Opened Numai Sogo Law Office; Founding Partner (current) Nov 2024 Outside Director, ANAP Inc. (now ANAP Holdings Inc.) (current) Jun 2025 Director and Audit and Supervisory Committee Member, Luckland Co., Ltd. (current) Aug 2025 Assumed office as Outside Audit and Supervisory Board Member of the Company (current)
1982-11-29
Yoshihito OSHIGE
Audit and Supervisory Board Member
Sep 2007 Joined a U.S. law firm in Seattle, USA Apr 2009 Joined a Japanese law firm Jun 2011 Established Frontier Legal & Accounting Consulting LLC (now Legalcourt LLC) as an internal startup at the same law firm Jun 2022 Auditor, General Incorporated Association Legalcourt (current) Sep 2024 Part-time Audit and Supervisory Board Member, ANAP Inc. (now ANAP Holdings Inc.) Mar 2025 Part-time Audit and Supervisory Board Member, affiliated subsidiary of ANAP Inc. Sep 2025 Part-time Audit and Supervisory Board Member, Nihon Cloud Securities Co., Ltd. (current) Sep 2025 Part-time Audit and Supervisory Board Member, Miraiwo Tsunagu Co., Ltd., a subsidiary of the Company (current) Nov 2025 Assumed office as Outside Audit and Supervisory Board Member of the Company (current)
1981-05-04
Large Shareholding Reports
Rei ADACHI
2026-06-08
34.17%→29.57%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Tiger Japan Investment Co., Ltd.
2026-06-08
15.87%→10.74%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-05-31): 10.13%
Rei ADACHI
2026-06-08
29.57%→27.93%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Tiger Japan Investment Co., Ltd.
2026-06-05
15.87%→10.74%
Annual report (as of 2026-05-31): 10.13%
Rei ADACHI
2026-06-05
34.17%→29.57%
Rei ADACHI
2026-06-05
29.57%→27.93%
Rei ADACHI
2026-04-06
35.33%→34.17%
Takahiro YAMASHITA
2026-04-03
6.15%→3.23%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Takahiro YAMASHITA
2026-03-17
6.15%→3.23%
Tsunagaru LLC
2026-01-14
18.66%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-05-31): 7.90%
Tsunagaru LLC
2026-01-14
18.66%→12.66%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-05-31): 7.90%
Takahiro YAMASHITA
2026-01-09
6.15%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Takahiro YAMASHITA
2026-01-09
6.15%
Tiger Japan Investment Co., Ltd.
2026-01-07
16.61%→15.87%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-05-31): 10.13%
Tiger Japan Investment Co., Ltd.
2026-01-07
16.61%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-05-31): 10.13%
Tiger Japan Investment Co., Ltd.
2026-01-06
16.61%→15.87%
Annual report (as of 2026-05-31): 10.13%
Rei ADACHI
2026-01-06
35.72%→35.33%
Tsunagaru LLC
2026-01-06
18.66%→12.66%
Annual report (as of 2026-05-31): 7.90%
Yoshitsugu NAGOSHI
2026-01-06
9.84%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Tiger Japan Investment Co., Ltd.
2026-01-05
16.61%
Annual report (as of 2026-05-31): 10.13%
Rei ADACHI
2026-01-05
8.32%→35.72%
Yoshitsugu NAGOSHI
2026-01-05
9.84%
Tsunagaru LLC
2026-01-05
18.66%
Annual report (as of 2026-05-31): 7.90%
Rui SATO
2025-12-05
5.03%→1.42%
Rei ADACHI
2025-08-25
0.00%→10.56%
Rei ADACHI
2025-08-25
10.56%→8.32%
Rei ADACHI
2025-08-22
10.56%
Chamber Management Co., Ltd. (Representative Director: Hiroyuki SUGIYAMA)
2025-08-19
—
Chamber Management Co., Ltd. (Representative Director: Hiroyuki SUGIYAMA)
2025-08-19
25.50%→24.39%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Chamber Management Co., Ltd. (Representative Director: Hiroyuki SUGIYAMA)
2025-08-14
24.39%→24.34%
Chamber Management Co., Ltd. (Representative Director: Hiroyuki SUGIYAMA)
2025-08-14
24.34%→22.86%
Rei ADACHI
2025-08-14
0.00%→11.67%
Chamber Management Co., Ltd. (Representative Director: Hiroyuki SUGIYAMA)
2025-08-14
—
Chamber Management Co., Ltd. (Representative Director: Hiroyuki SUGIYAMA)
2025-08-14
25.50%→24.39%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-15
Q1 Earnings Flash
FY ending May 2027
EDINET
2026-08-28
Annual Securities Report
Period: Jun 2025 – May 2026
TDnet
2026-07-31
Full-Year Earnings Flash
FY ending May 2026
TDnetAmended
2026-07-15
Q3 Earnings Flash
FY ending May 2026
EDINETAmended
2026-06-08
Change Report
EDINETAmended
2026-06-08
Change Report
EDINETAmended
2026-06-08
Change Report
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-06-05
Large Shareholding Report
TDnetAmended
2026-04-20
Q3 Earnings Flash
FY ending May 2026
TDnet
2026-04-14
Q3 Earnings Flash
FY ending May 2026
EDINET
2026-04-06
Large Shareholding Report
EDINETAmended
2026-04-03
Change Report
EDINET
2026-03-17
Large Shareholding Report
EDINETAmended
2026-01-14
Change Report
EDINETAmended
2026-01-14
Change Report
EDINET
2026-01-14
Semi-Annual Securities Report
Period: Jun 2025 – May 2026
EDINET
2026-01-09
Large Shareholding Report
EDINETAmended
2026-01-09
Change Report
EDINETAmended
2026-01-07
Change Report
EDINETAmended
2026-01-07
Change Report
EDINETAmended
2026-01-06
Change Report
EDINET
2026-01-06
Large Shareholding Report
EDINET
2026-01-06
Large Shareholding Report
EDINET
2026-01-06
Large Shareholding Report
EDINET
2026-01-05
Large Shareholding Report
EDINET
2026-01-05
Large Shareholding Report
EDINET
2026-01-05
Large Shareholding Report
EDINET
2026-01-05
Large Shareholding Report
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