Overview
Information & Communication

Showcase Inc.

Showcase Inc. is a Japan-based DX cloud services company that provides SaaS solutions to improve online business conversion rates and streamline customer-facing digital processes. Its core offerings include the NaviCast Series (web form optimization / EFO, holding 10 consecutive years of No.1 market share in Japan's input form optimization market), the ProTech Series (eKYC / online identity verification including My Number Card IC chip-based verification, email validation, and multi-factor authentication), and the 'Omotenashi Suite' platform (low-code form creation, AI chatbot, and kintone integration). The company also operates advertising and owned media businesses targeting financial and IT sectors, an investment-related business connecting startups with investors via 'SmartPitch,' and an information and communications business dealing in used smartphones.

Market Cap
¥6.88B
US$43.9M
EV
¥6.52B
US$41.6M
Stock¥803▼-8.23%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
4.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+138.6%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Oct 8, 26Third-party allotment (~¥362mn) forfeited; 14,110 stock warrants issuance completed
MC → EV Bridge
6.88BUS$43.9MMarket Cap0.68BUS$4.32M+ Debt0.89BUS$5.70M− Cash0.15BUS$0.93M− Inv. Sec.6.52BUS$41.6MEV
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Performance & Balance
Revenue 5Y (¥B)
1.59US$10.2M'21/124.63US$29.5M'22/125.68US$36.2M'23/126.21US$39.6M'24/123.26US$20.8M'26/3
EBITDA 5Y (¥B)
0.09US$0.59M'21/12-0.41-US$2.64M'22/12-0.19-US$1.20M'23/12-0.00-US$0.02M'24/120.19US$1.21M'26/3
Net Income 5Y (¥B)
0.06US$0.38M'21/12-0.53-US$3.35M'22/12-0.12-US$0.75M'23/12-0.74-US$4.73M'24/120.85US$5.42M'26/3
Capital Structure
71%
29%
EquityD/E 0.40xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
2.03US$12.9M0.29US$1.88M'21/121.71US$10.9M1.20US$7.68M'22/121.36US$8.69M1.60US$10.2M'23/121.28US$8.14M1.86US$11.9M'24/120.87US$5.57M0.59US$3.75M'26/3
Shareholders
Top 10 hold 67.0%
1
AI FUSION CAPITAL GROUP CORP.
51.00%
2
Masahiro MORI
4.05%
3
Nobuo KURAIN
3.15%
4
PHILLIP SECURITIES CLIENTS (RETAIL; Standing Proxy: Phillip Securities Japan, Ltd.)
3.13%
5
Rakuten Securities, Inc. (Joint Account)
1.84%
6
Tomohiro SUZUKI
1.30%
7
SBI SECURITIES Co., Ltd.
0.77%
8
Tamaei NAKAYAMA
0.73%
9
Nomura Securities Co., Ltd.
0.56%
10
Yasuo NAKATANI
0.50%
Management
7 officers
Daisuke SAWADA
Representative Director, Chairman
Dec 1996 Started business as a sole proprietor Jan 2018 Representative Director, DSG1 Co., Ltd. (current) Nov 2023 Representative Director, Chairman and President, Future Venture Capital Co., Ltd. (now Miraidoor Co., Ltd.) Oct 2024 Representative Director, President, AI Fusion Capital Group Co., Ltd. (current) Nov 2024 Representative Director, Chairman, Kawai Seika Co., Ltd. (current) Mar 2025 Representative Director, Chairman, the Company (current) Sep 2025 Vice Chairman, Nagoya Vegetable and Fruit Credit Cooperative (current) Jan 2026 Outside Director, ReYuu Japan Co., Ltd. (current); Outside Director, Tameny Co., Ltd. Apr 2026 Director, Tameny Co., Ltd. (current)
1976-04-06
Koichi MATSUMOTO
Representative Director, President
Sep 2003 Joined AGS Consulting Co., Ltd. Jan 2006 Joined Shinko Securities Co., Ltd. (now Mizuho Securities Co., Ltd.) Sep 2012 Joined Plus Alpha Consulting Co., Ltd. Oct 2014 Joined SMBC Nikko Securities Inc. Sep 2017 Outside Director, Labable Marketing Group Co., Ltd. Aug 2018 Representative Director, Appia Inc. (current) Apr 2023 Outside Director (Audit and Supervisory Committee Member), TOKYO BASE Co., Ltd. (current) Oct 2024 Outside Director (Audit and Supervisory Committee Member), AI Fusion Capital Group Co., Ltd. Mar 2025 Director, the Company Jun 2025 Vice President and Director, AI Fusion Capital Group Co., Ltd. (current) Jan 2026 Outside Director, Tameny Co., Ltd.; Outside Director, ReYuu Japan Co., Ltd. (current); Director, Labable Marketing Group Co., Ltd. (current); Outside Director, H.I.S. Co., Ltd. (current) Apr 2026 Representative Director, President, the Company (current); Representative Director, President, Showcase Capital Co., Ltd. (current); Director, Tameny Co., Ltd. (current)
1980-03-26
Junichi HIRANOI
Director
Apr 1998 Joined Wakachiku Construction Co., Ltd. Oct 2016 Head of Group Business Promotion Office, Softfront Holdings Inc. Jun 2018 Director, Softfront Holdings Inc. Oct 2018 Representative Director, President, Softfront Holdings Inc. Jun 2019 Joined the Company; General Manager, Accounting and Finance Department Jul 2019 Executive Officer, CFO and General Manager, Accounting and Finance Department, the Company; Executive Officer, CFO, Showcase Capital Co., Ltd. Mar 2021 Director, CFO and Executive Officer in charge of Corporate Division, the Company Apr 2022 Representative Director, Showcase Capital Co., Ltd. Jul 2022 Director, CFO, Nihon Telephone Co., Ltd. (now ReYuu Japan Co., Ltd.) Jan 2024 Representative Director, President, the Company; Representative Director, Chairman, Nihon Telephone Co., Ltd. (now ReYuu Japan Co., Ltd.) Jan 2025 Director, ReYuu Japan Co., Ltd. Apr 2026 Director, the Company (current)
1976-01-09
Taro UKAWA
Outside Director
Nov 2008 Director, Comnico Inc. Jul 2010 Director, Ortplus Inc. Aug 2014 Outside Director, Labable Marketing Group Co., Ltd. (current) Jan 2015 President, ALT PLUS VIETNAM Co., Ltd. Apr 2015 Director, SHIFT PLUS Inc. Apr 2023 Director, Playsync Inc. Apr 2024 Representative Director, Lirudense Inc. (current) May 2024 Outside Director, ABAL Inc. (current) Mar 2025 Outside Director, the Company (current)
1976-01-14
Takashi KUBO
Director, Audit and Supervisory Committee Member
Apr 1988 Registered as an attorney, Osaka Bar Association; joined Morita Hiroshi Law Office (now Tenma Sogo Law Office) Jan 1994 Partner, Tenma Sogo Law Office (current) Mar 2025 Director, Audit and Supervisory Committee Member, the Company (current) Jun 2025 Outside Director, Audit and Supervisory Committee Member, AI Fusion Capital Group Co., Ltd. (current); Auditor, Miraidoor Co., Ltd. (current) Jan 2026 Outside Director, Audit and Supervisory Committee Member, ReYuu Japan Co., Ltd. (current) Director, Labable Marketing Group Co., Ltd. (current)
1954-11-07
Yuichi KAKINUMA
Outside Director, Audit and Supervisory Committee Member
Apr 2005 Joined the Supreme Court Legal Training and Research Institute Jan 2007 Registered as an attorney, Saitama Bar Association; joined Takashino Law Office (now Takashino Kakinuma Law Office) Oct 2010 Partner, Takashino Kakinuma Law Office (current) Jun 2015 Outside Director, Tsutsumi Co., Ltd. Jun 2017 Outside Director, Audit and Supervisory Committee Member, Tsutsumi Co., Ltd. (current) Mar 2021 Outside Director, Audit and Supervisory Committee Member, Laqualia Pharma Inc. (current) Mar 2025 Outside Director, Audit and Supervisory Committee Member, the Company (current) Jan 2026 Outside Director, Labable Marketing Group Co., Ltd. (current) Apr 2026 Outside Director, Miraidoor Co., Ltd. (current)
1977-11-16
Hirohiko NAKAHARA
Outside Director, Audit and Supervisory Committee Member
Apr 1977 Joined Fuji Xerox Co., Ltd. (now FUJIFILM Business Innovation Corp.) Apr 2002 General Manager, beat Business Division, Internet Security Services, Fuji Xerox Co., Ltd. Feb 2008 General Manager, Partner Sales Department, Cybozu, Inc. Feb 2009 Executive Officer, General Manager of Customer Division and Sales Division, Cybozu, Inc. Jan 2015 Managing Executive Officer, General Manager of Sales Division, Cybozu, Inc. Jun 2016 Representative Director, President, FN Inc. (current) Mar 2023 Outside Director, the Company Mar 2025 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1952-12-15
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-26
Annual Securities Report
Period: Jan 2025 – Mar 2026
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-08-14
Semi-Annual Securities Report
Period: Jan 2025 – Mar 2026
EDINETAmended
2025-05-15
Amended Annual Securities Report
Period: Jan 2024 – Dec 2024
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-03-24
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINETAmended
2024-11-18
Amended Securities Registration Statement
EDINET
2024-11-14
Securities Registration Statement
EDINET
2024-08-14
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINETAmended
2024-03-29
Amended Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2024-03-25
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINETAmended
2024-03-25
Amended Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
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
2023-03-23
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-24
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-25
Annual Securities Report
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