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Overview

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iRidge,Inc.

Airidge is a technology company specializing in smartphone app development, app marketing, and OMO (Online-Merges-Offline) solutions for enterprise clients in retail, financial services, and mobility sectors. The company offers end-to-end services including app planning, development, and post-launch growth support, underpinned by its proprietary app business platform 'APPBOX' and marketing tool 'FANSHIP.' Through its three business segments—App Business, Business Produce, and Fintech—Airidge also provides integrated marketing support and a digital local currency platform 'MoneyEasy' targeting local governments and financial institutions.

Market Cap

¥3.68B

US$23.5M

¥2.29B

US$14.6M

Stock¥470▼-0.63%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

5.2

LTM EV/EBIT

35.8

LTM PER

6.1

LTM PBR

1.3

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-26.3%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Aug 10, 26Q1 FY2027/03 earnings announced

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

68%

32%

EquityD/E 0.47xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 48.9%

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

Kentaro ODA

29.79%

dip Corporation

4.58%

Daisuke GOMI

3.38%

Custody Bank of Japan, Ltd. (Trust Account)

1.93%

Masuo HATSUKARI

1.92%

Hakuhodo Inc.

1.82%

SBI SECURITIES Co., Ltd.

1.68%

NTT DATA Japan Corporation

1.66%

iRidge,Inc. Employee Stock Ownership Association

1.45%

Satoshi YOSHINAGA

0.68%

Management

9 officers

Kentaro ODA

Representative Director, President and General Manager, App Business Division

Apr 1999 Joined NTT DATA Corporation Aug 2004 Joined Boston Consulting Group Aug 2008 Founded the Company; Representative Director, President Jun 2018 Director, FinoValley Inc.; Director, DG Marketing Design Inc. (currently Qoil Inc.) Jul 2018 Director, DG Communications Inc. Oct 2018 Representative Director, Chairman, DG Marketing Design Inc. (currently Qoil Inc.) Feb 2021 Representative Director, President, the same company Oct 2022 Director, Plugin Inc. Jun 2023 Representative Director, FinoValley Inc. Jun 2024 Representative Director, Chairman, Qoil Inc. (current) Jul 2024 Representative Director, President and General Manager, App Business Division, the Company (current) Feb 2025 Director, HAKUHODO BRIDGE Inc. (current)

1975-06-23

Tomoya WATANABE

Director, CHRO

Apr 2003 Joined Rakuten, Inc. (currently Rakuten Group, Inc.) Aug 2013 Joined the Company Jun 2018 Director, DG Marketing Design Inc. (currently Qoil Inc.) Aug 2018 General Manager, O2O Business Division and Head of Corporate Planning Group, the Company Oct 2018 Director; General Manager, O2O Business Division and Head of Corporate Planning Group, the Company Apr 2019 Director; General Manager, O2O Business Division, the Company Apr 2020 Director; General Manager, Technology Partner Division, the Company Apr 2021 Director; General Manager, Sales Division, the Company Jun 2023 Director, Plugin Inc. (current) Jul 2025 Director, CHRO, the Company (current)

1980-02-17

Ryohei MORITA

Director, CFO and General Manager, Corporate Management Division

Apr 2009 Joined Nomura Securities Co., Ltd. Aug 2017 Joined DBJ Investment Advisory Co., Ltd. Oct 2019 Joined Shitatel Inc. May 2020 Joined the Company; General Manager, Corporate Planning Department and Deputy General Manager, Administration Department, the Company Jun 2020 Director, CFO and General Manager, Corporate Management Division, the Company (current); Director, FinoValley Inc.; Audit & Supervisory Board Member, DG Marketing Design Inc. (currently Qoil Inc.) (current) Oct 2022 Audit & Supervisory Board Member, Plugin Inc. (current) Jun 2024 Audit & Supervisory Board Member, FinoValley Inc.

1986-04-30

Hiroshi YAMASHITA

Director; General Manager, Business Produce Division; Deputy General Manager, App Business Division

Apr 2003 Joined Daiei, Inc. Feb 2005 Joined A Technology Inc. Jun 2009 Joined Thousand Face Inc. Jan 2010 Joined E-Junction Inc. Apr 2012 Joined Mix Network Inc. Apr 2013 Joined D2C Inc. Jun 2019 Director, D2Cdot Inc. Feb 2021 Director, GYOKU Inc. (current) Dec 2021 Industrial DX Advisor, Okinawa Prefectural Government (current) Oct 2022 Joined the Company Apr 2023 Director, Qoil Inc. Apr 2024 General Manager, Business Produce Division, the Company Jun 2024 Representative Director, President, Qoil Inc. (current); Director; General Manager, Business Produce Division, the Company Apr 2026 Director; General Manager, Business Produce Division; Deputy General Manager, App Business Division, the Company (current)

1980-01-17

Takahito KOGI

Director, CTO

Apr 2007 Joined Future Architect, Inc. Feb 2013 Founded Keysmith World Inc. (merged into the Company later); Representative Director Oct 2019 Executive Officer, CTO, the Company Jul 2024 Executive Officer, CTO and General Manager, EX Business Promotion Department, the Company (current) Jun 2026 Director, CTO, the Company

1983-09-05

Kazuyuki TAMURA

Director, Audit and Supervisory Committee Member

Oct 2003 Joined Chuo Aoyama Audit Corporation Mar 2007 Joined Nomura Securities Co., Ltd. Nov 2012 Joined Recruit Holdings Co., Ltd. May 2019 Joined DBJ Investment Advisory Co., Ltd. Sep 2020 Joined Deloitte Tohmatsu Financial Advisory LLC Sep 2023 Representative, Kazuyuki Tamura CPA Office (current) Jun 2024 Managing Partner, Five Tree Advisor LLC (current) Jul 2024 Executive Officer, Co Partners Inc. (current) Mar 2025 Temporary Director, Audit and Supervisory Committee Member, the Company Jun 2025 Outside Director, Audit and Supervisory Committee Member, the Company (current)

1979-07-05

Yoshiyuki KUMAMOTO

Director, Audit and Supervisory Committee Member

Apr 1986 Joined Bridgestone Corporation Apr 1994 Registered as attorney with the Tokyo Bar Association Apr 2001 Joined Hori Yutaka Law Office (currently Hori Sogo Law Office) (current) Jun 2003 Audit & Supervisory Board Member, Pasona Career Inc. (currently Pasona Inc.) Apr 2004 Audit & Supervisory Board Member, Medical Associa Inc. Jun 2007 Audit & Supervisory Board Member, Ogura Clutch Co., Ltd. (current) Jul 2010 Audit & Supervisory Board Member, Alt Plus Inc. Oct 2011 Audit & Supervisory Board Member, the Company Dec 2012 Audit & Supervisory Board Member, Nano Egg Inc. Aug 2014 Audit & Supervisory Board Member, AppBroadCast Inc. Mar 2015 Audit & Supervisory Board Member, Otsuka Furniture Inc. Oct 2016 Outside Director, Audit and Supervisory Committee Member, the Company (current); Audit & Supervisory Board Member, Living Style Inc. Aug 2017 Audit & Supervisory Board Member, Hacosco Inc. Dec 2017 Audit & Supervisory Board Member, Sugano Agricultural Machinery Co., Ltd. (current) Apr 2023 Audit & Supervisory Board Member, Minto Inc. (current) Feb 2024 Audit & Supervisory Board Member, Shinko Holdings Co., Ltd. (current)

1962-12-26

Shoji FUJIWARA

Director

Dec 2006 Joined Fullspeed Inc. Dec 2007 Joined transcosmos inc. Apr 2010 Joined Global Search Inc. Feb 2013 Joined OPT Inc. Jul 2015 Joined LINE Corporation (currently LINE Yahoo Corporation) Feb 2019 CMO, O2O Company, LINE Corporation Mar 2019 Director, Venture Republic Inc. Jan 2020 CMO, LINE Pay Corporation Jun 2020 Director and Executive Officer, COO, Demaecan Inc. May 2022 Executive Officer, DIP Corporation Oct 2023 Outside Director, Bespo Inc. Jun 2024 Outside Director, the Company (current) Apr 2025 Managing Executive Officer, DIP Corporation (current) Feb 2026 Director, Spot Work Association (General Incorporated Association) (current) Mar 2026 Standing Committee Member, National Association of Job Information (Public Interest Incorporated Association) (current)

1984-01-23

Teiichi ARIGA

Director, Audit and Supervisory Committee Member

Jun 1990 Director, Nomura Research Institute, Ltd. Jun 1994 Managing Director, the same company Jun 1997 Senior Managing Director, CSK Corporation Jun 2000 Representative Director, Executive Vice President, the same company Oct 2005 Representative Director, CSK Holdings Corporation Jun 2008 Representative Director, Executive Vice President, MISUMI Group Inc. Oct 2011 Founded AIT Consulting Co., Ltd.; Representative Director (current) Oct 2015 Outside Director, the Company Dec 2015 Director, Real World Inc. Oct 2016 Chairman, the same company; Outside Director, Audit and Supervisory Committee Member, the Company (current) Oct 2021 Outside Director, I3 Design Inc. Mar 2025 Outside Director, Bywill Inc. (current)

1947-10-13

Large Shareholding Reports

Asset Management One Co., Ltd.

2026-02-06

5.12%→2.77%

Kentaro ODA

2025-08-14

33.79%→35.04%

Correction filing (name/detail fix only) — ratio carried over from the original filing