Overview
Information & Communication

GreenBee,Inc.

GreenBee Co., Ltd. (formerly sMedio, Inc., rebranded April 2024) operates three business segments: Technology License, DX Services, and GX Services. The Technology License segment licenses proprietary software IPs—including 4K/8K content players (VAlution, TrueBD), embedded browsers (tourbillon), and device-to-device data transfer tools—to consumer electronics and PC manufacturers on a royalty and subscription basis. The DX Services segment provides AI-driven solutions such as cloud data backup, construction-site AI evaluation tools for tunnel excavation, and mobile app vulnerability diagnostics (RiskFinder), while the GX Services segment supports corporate decarbonization through EMS cloud systems, battery storage packages, solar modules, and EV chargers.

Market Cap
¥2.33B
US$14.8M
EV
¥2.02B
US$12.9M
Stock¥1,143▼-1.97%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.3
x
LTM EV/EBIT
8.9
x
LTM PER
8.8
x
LTM PBR
1.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-4.7%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 14, 25Q3 earnings guidance revision upward
2Feb 13, 26Q4 earnings guidance downward revision
3Feb 16, 26Full-year guidance downward revision
MC → EV Bridge
2.33BUS$14.8MMarket Cap0.43BUS$2.74M+ Debt0.73BUS$4.63M− Cash0.01BUS$0.09M− Inv. Sec.2.02BUS$12.9MEV
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Performance & Balance
Revenue 5Y (¥B)
0.72US$4.60M'21/120.83US$5.27M'22/120.81US$5.18M'23/120.81US$5.14M'24/120.96US$6.13M'25/12
EBITDA 5Y (¥B)
0.02US$0.10M'21/12-0.19-US$1.19M'22/12-0.03-US$0.21M'23/120.06US$0.36M'24/120.17US$1.09M'25/12
Net Income 5Y (¥B)
0.00US$0.01M'21/12-0.19-US$1.18M'22/12-0.16-US$1.04M'23/120.06US$0.40M'24/120.20US$1.29M'25/12
Capital Structure
74%
26%
EquityD/E 0.36xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
0.57US$3.64M'21/120.89US$5.67M'22/120.78US$4.98M'23/120.95US$6.03M'24/121.29US$8.23M0.10US$0.64M'25/12
Shareholders
Top 10 hold 53.4%
1
SEN-CHOU LO (Standing Proxy: SMBC Nikko Securities Inc.)
26.08%
2
SBI SECURITIES Co., Ltd.
5.80%
3
Rakuten Securities, Inc. (Joint Account)
4.94%
4
West Holdings Corporation
3.44%
5
Sadanori IWAMOTO
3.39%
6
Takayuki MATSUSHITA
2.09%
7
Yuichiro OTANI
2.06%
8
Liqun YU
2.04%
9
Gaku TANIGUCHI
1.99%
10
BANK JULIUS BAER AND CO. LTD. SINGAPORE CLIENTS (Standing Proxy: MUFG Bank, Ltd.)
1.62%
Management
7 officers
Sadanori IWAMOTO
Representative Director, President
Jul 1996 Joined Nichimen Electronic Components Corporation (current: E-Globaledge Corporation) as Product Manager Jun 2002 Joined InterVideo Japan K.K. (current: Corel K.K.) as Senior Sales Director Feb 2008 Joined Bideys Inc. (current: the Company) as General Manager, Sales Division Mar 2010 Director, Sales and Marketing Division Head, the Company Jan 2011 Director, sMedio Technology (Shanghai) Inc. (current: GreenBee Technology (Shanghai) Inc.) (current) Mar 2015 Managing Director, the Company Nov 2016 Director, Tao Software Inc. (current) Feb 2017 Representative Director, President, the Company (current)
1971-05-31
Masao USAMI
Director
Apr 1998 Joined Nichimen Electronic Components Corporation (current: E-Globaledge Corporation) Feb 2006 Joined InterVideo Japan K.K. (current: Corel K.K.) Sep 2010 Joined CyberLink Corp. Sep 2013 Joined Eassy Technology Co., Ltd. Apr 2015 General Manager, Sales and Marketing Division, the Company Apr 2017 General Manager, Service Business Division, the Company (current) Apr 2018 Representative Director and Vice President, Joho Space Co., Ltd. Mar 2023 Director, sMedio Technology (Shanghai) Inc. (current: GreenBee Technology (Shanghai) Inc.) (current) Mar 2024 Director, the Company (current)
1973-06-20
Yoshichika HONGO
Statutory Auditor
Apr 2000 Senior Manager, Legal Department, Kocho Capital Co., Ltd. Oct 2001 Senior Manager, Legal Department, SBI Holdings, Inc. Aug 2006 Established Indie Pa Co., Ltd. as Representative Director, President (current) Sep 2009 Statutory Auditor, Roll-Tech Co., Ltd. (current: the Company) (current)
1973-01-05
Yoji OCHIAI
Director
Apr 1987 Entered the Legal Training and Research Institute of the Supreme Court of Japan Apr 1989 Public Prosecutor, Tokyo District Public Prosecutors Office Sep 2000 Joined Yahoo Japan Corporation (former: LY Corporation) Oct 2000 Registered as attorney-at-law (Tokyo Bar Association) Nov 2001 Joined Yaesu Daiichi Law Office Sep 2008 Opened Sengakuji-mae Law Office Apr 2010 Project Professor, Graduate School of Law (Law School), Tokai University Dec 2013 Statutory Auditor (Outside), Webcrew Co., Ltd. Mar 2015 Outside Director, the Company (current) Apr 2018 Representative, Takanawa Kyodo Law Office (current: Edo Nihonbashi Law Office) (current) Jan 2020 Statutory Auditor, AS Japan Co., Ltd. (current)
1964-03-29
Yoshiyuki SHIBUSAWA
Director
Apr 1992 Joined Nihon Godo Finance Co., Ltd. (current: JAFCO Group Co., Ltd.) Jun 2007 Director, JAFCO Group Co., Ltd. Oct 2012 President, JAFCO Investment (Asia Pacific) Ltd. (current: JIF Capital Ltd.) Apr 2014 Managing Director, JAFCO Group Co., Ltd. Jan 2026 Representative Director, President, Merkia Co., Ltd. (current)
1969-10-05
Yuichiro ETO
Full-time Statutory Auditor
Apr 1989 Joined Asahi Shinwa Certified Public Accountants (current: Azusa Audit LLC) Mar 1992 Registered as Certified Public Accountant Nov 1999 Joined Audit Corporation Ohta Showa Century (current: EY ShinNihon LLC) Jul 2018 Representative, Eto CPA Office (current) Mar 2019 Statutory Auditor, the Company (current) Jan 2024 Statutory Auditor, Remedy & Company Co., Ltd. (current)
1964-06-16
Yoshihiko SUGIMOTO
Statutory Auditor
Oct 1989 Joined Ohta Showa Audit Corporation (current: EY ShinNihon LLC) Aug 1993 Registered as Certified Public Accountant (current) Jul 2015 Director (Outside), Matsumoto Co., Ltd. (current) Mar 2023 Statutory Auditor (Outside), the Company (current)
1964-12-26
Large Shareholding Reports
Kiwi Technology Co., Ltd.
2026-03-03
0.00%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-13
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-13
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-05-14
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-24
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-03-03
Large Shareholding Report
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-14
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-26
Annual Securities Report
Period: Jan 2024 – Dec 2024
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
EDINET
2024-03-29
Annual Securities Report
Period: Jan 2023 – Dec 2023
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
2023-03-28
Annual Securities Report
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-07-01
Securities Registration Statement
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-28
Annual Securities Report
EDINET
2021-11-01
Quarterly Securities Report
EDINET
2021-08-02
Quarterly Securities Report
EDINET
2021-05-07
Quarterly Securities Report
EDINET
2021-03-25
Annual Securities Report
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