Overview
Information & Communication

Fuva Brain Limited

Hoover Brain provides a comprehensive security solution platform combining proprietary security tools (endpoint software, network appliances) and work-style reform tools (business log monitoring and analysis) with IT services including maintenance, contract development, SES (engineer staffing), and recruitment support. The company targets Japanese enterprises seeking integrated cybersecurity and digital transformation solutions, operating through an IT Tools segment and an IT Services segment. The group expands through organic growth, active M&A, and strategic partnerships, with subsidiaries specializing in network/cloud infrastructure, IT staffing, system development, and investment.

Market Cap
¥5.29B
US$33.7M
EV
¥3.26B
US$20.7M
Stock¥987▼-11.40%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
11.7
x
LTM EV/EBIT
12.0
x
LTM PER
40.1
x
LTM PBR
2.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+3.4%pt
100123
Oct 23, 25 – Oct 23, 26StockTOPIX
1Mar 23, 26SilverCape Investments Limited filed large shareholding report
2Mar 27, 26SilverCape Investments Limited changed stake (5.1%→7.18%)
3Apr 16, 26SilverCape Investments Limited changed stake (7.18%→9.0%)
MC → EV Bridge
5.29BUS$33.7MMarket Cap0.65BUS$4.12M+ Debt1.91BUS$12.2M− Cash1.04BUS$6.60M− Inv. Sec.0.27BUS$1.71M+ NCI3.26BUS$20.7MEV
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Performance & Balance
Revenue 5Y (¥B)
1.68US$10.7M'22/32.34US$14.9M'23/33.08US$19.6M'24/34.37US$27.8M'25/35.64US$35.9M'26/3
EBITDA 5Y (¥B)
-0.05-US$0.33M'22/30.07US$0.42M'23/30.04US$0.23M'24/30.20US$1.29M'25/30.23US$1.47M'26/3
Net Income 5Y (¥B)
-0.03-US$0.18M'22/30.03US$0.17M'23/30.03US$0.17M'24/30.11US$0.69M'25/30.31US$1.96M'26/3
Capital Structure
77%
23%
EquityD/E 0.30xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.47US$9.36M'22/31.55US$9.84M0.08US$0.53M'23/31.56US$9.91M0.07US$0.43M'24/31.66US$10.6M0.36US$2.31M'25/32.97US$18.9M0.93US$5.90M'26/3
Shareholders
Top 10 hold 37.3%
1
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
8.41%
2
Teruo IGAHATA
5.01%
3
MC Holdings, Inc.
4.12%
4
Osao IMAIZUMI
3.74%
5
Yuji NAGANO
3.31%
6
Hisaki HIRUMA
2.86%
7
Ueda Yagi Tanshi Co., Ltd.
2.79%
8
Ryoji TSURUTA
2.49%
9
Toru YOSHIDA
2.30%
10
Atsushi OKUAKI
2.30%
Management
8 officers
Hideyuki KOSHIMIZU
Representative Director, President
Apr 1989 Joined Seiyo Kankyo Kaihatsu Co., Ltd. Oct 1993 Joined Arthur Andersen accounting firm Nov 1997 Joined Cargill Japan K.K. Dec 2008 Representative Director, President, Fontis Co., Ltd. (current) May 2012 Representative Director, President, Izumi Capital Co., Ltd. (current) May 2014 Outside Audit & Supervisory Board Member, Palma Co., Ltd. (current) Jun 2018 Vice President and Director, the Company Oct 2018 Representative Director, President, the Company (current) Apr 2021 Representative Director, Chairman, GH Integration Co., Ltd. (current) Nov 2022 Representative Director, Chairman, Ad Top Co., Ltd. Jul 2023 Representative Director, Chairman, Hoover Investment Co., Ltd. Oct 2023 Representative Director, Chairman and President, Ad Top Co., Ltd. Dec 2023 Representative Director, President, Hoover Cross Technologies Co., Ltd. Apr 2024 Representative Director, Chairman, CONVICTION Co., Ltd. (current) Jun 2024 In charge of Management Administration Division, the Company (current) Oct 2024 In charge of Product Division, the Company (current) Representative Director, Chairman, ARPEGGIO Co., Ltd. (now Assemble Co., Ltd.) Representative Director, Chairman, Ichiaru Co., Ltd. (current) May 2025 Representative Director, Chairman, Ad Top Co., Ltd. (current) Jun 2025 Representative Director, President, Hoover Investment Co., Ltd. (current) Oct 2025 Representative Director, Chairman, Hoover Cross Technologies Co., Ltd. (current) Dec 2025 Representative Director, Chairman and President, Assemble Co., Ltd. (current) Feb 2026 Representative Director, Chairman, Youth Planet Co., Ltd. (current) Mar 2026 Representative Director, Chairman, ProofX Co., Ltd. (current) Apr 2026 Director, Field Tech Co., Ltd. (current)
1967-03-14
Keisei ITABASHI
Senior Managing Director; General Manager, Solution Sales Department; General Manager, Cloud Security Sales Department
Apr 1985 Joined Kanagawa Ricoh Co., Ltd. Oct 1996 Branch Manager, Yokohama Sales Department (Middle Branch), Area No.1 Business Division, Kanagawa Ricoh Co., Ltd. Oct 2003 General Manager, Document Solution Sales Department, Kanagawa Ricoh Co., Ltd. Oct 2008 Branch Manager, Niigata Branch, Kanto Sales Headquarters, Ricoh Japan Co., Ltd. Jan 2011 Branch Manager, Chiba Branch, Metropolitan Sales Headquarters, Ricoh Japan Co., Ltd. Jun 2016 Joined Itochu Techno-Solutions Corporation Jun 2018 Senior Managing Director, the Company (current); General Manager, Solution Sales Department Dec 2018 In charge of Sales Division, the Company Apr 2020 General Manager, Network Security Business Division, the Company Apr 2021 General Manager, West Japan Sales Department, the Company; Head, Business Development Office Apr 2021 Senior Managing Director, GH Integration Co., Ltd. (current) Oct 2021 In charge of Sales Headquarters, the Company (current); Head, IT Service Strategy Office Nov 2022 In charge of Network Headquarters, the Company Feb 2023 General Manager, Cloud Security Sales Department, the Company (current) Apr 2023 General Manager, Solution Sales Department, the Company (current) Apr 2026 Director, Field Tech Co., Ltd. (current)
1963-07-09
Ryuichi NISHIKORI
Director
Apr 1995 Engaged as engineer in mobile communications and network infrastructure development at affiliates of Samsung Group and LG Group in South Korea May 2010 General Manager, SI Sales Headquarters, GH Solution Co., Ltd. Apr 2018 Representative Director, President, GH Integration Co., Ltd. (current) Jun 2021 Director, the Company (current) Mar 2024 Director, Ad Top Co., Ltd.
1971-02-03
Takao SAKAI
Director
Apr 1985 Joined TSD Co., Ltd. May 1993 Director, Splendor Consulting Co., Ltd. (formerly Splendor Consulting, LLC) Nov 2000 Representative Director, President, Tabi Web Co., Ltd. Dec 2008 Representative Director, President, Life Festa Co., Ltd. (current) May 2009 Representative Director, President, Vintage Co., Ltd. Apr 2011 Representative Director, President, Splendor Consulting Co., Ltd. (current) Nov 2012 Representative Director, President, Skyscope Solutions Co., Ltd. (current) Apr 2017 Director, Japan Drone Consortium (general incorporated association) Sep 2017 Director, Japan Construction Drone Association (general incorporated association) (current) Mar 2018 Outside Director, the Company (current)
1961-10-11
Takuya KAMIMURA
Director
Dec 1997 Joined Cargill Japan K.K. Jul 2001 Joined Shinkin Capital Co., Ltd. Jan 2007 Joined Dear Life Co., Ltd. May 2009 Director, Palma Co., Ltd. Mar 2018 Director, Keiei Shokei Shien Co., Ltd. (current) Dec 2019 Managing Executive Officer, Dear Life Co., Ltd. (current) Jan 2021 Vice President and Director, DLX Holdings Co., Ltd. Jun 2021 Outside Director, the Company (current) Jul 2023 Audit & Supervisory Board Member, Hoover Investment Co., Ltd. Dec 2023 Director, Palma Co., Ltd. (current) Jan 2024 Representative Director, President, Archie Co., Ltd. (current) Jun 2025 Director, Hoover Investment Co., Ltd. (current)
1970-08-23
Tomohisa HIKAGE
Full-time Corporate Auditor
Apr 1977 Joined Nikko Securities Co., Ltd. (now SMBC Nikko Securities Inc.) Jan 1982 Joined Orient Leasing Co., Ltd. (now ORIX Corporation) Sep 1986 Deputy Manager, Hokuriku Branch, ORIX Corporation Mar 1998 Deputy General Manager, Osaka Real Estate Business Division, ORIX Corporation Oct 2002 Deputy General Manager, Second Lending Business Division, ORIX Corporation Nov 2003 General Manager, Second Sales Department, Second Business Headquarters, ORIX Credit Corporation Jun 2007 General Manager, Third Sales Department, Second Business Headquarters, ORIX Credit Corporation May 2008 General Manager, Investment Management Department, ORIX Capital Corporation Jul 2017 Chief, ORIX Bank Corporation Jun 2019 Outside Corporate Auditor, the Company (current)
1954-02-14
Nozomi KANEKO
Corporate Auditor
May 1993 Joined Cargill Japan K.K. Jul 1997 Joined KPMG Global Solutions K.K. Sep 2000 Joined Cargill Investments Japan K.K. Jun 2012 Co-Representative, Tokyo Branch, Carval Investors Jun 2017 Representative Director, President, Gleam & Grace Co., Ltd. Jun 2018 Outside Corporate Auditor, the Company (current) Jan 2022 Representative Member, Kaneko Business Consulting LLC (current)
1969-09-27
Masayasu KATORI
Corporate Auditor
Apr 1972 Joined Nihon Keiei System Co., Ltd. May 1985 Representative Director, President, Katori Management Consulting Co., Ltd. (current) Jun 2005 Outside Corporate Auditor, Komatsu NTC Ltd. Mar 2018 Outside Director, the Company Jun 2018 Corporate Auditor, the Company (current)
1950-03-25
Large Shareholding Reports
SilverCape Investments Limited
2026-04-16
7.18%→9.00%
SilverCape Investments Limited
2026-03-27
5.10%→7.18%
SilverCape Investments Limited
2026-03-23
5.10%
Hideyuki KOSHIMIZU
2026-02-02
4.19%→4.70%
Hideyuki KOSHIMIZU
2025-12-08
1.50%→4.19%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-04-16
Large Shareholding Report
EDINET
2026-03-27
Large Shareholding Report
EDINET
2026-03-23
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-02-02
Large Shareholding Report
EDINET
2025-12-08
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-05-23
Securities Registration Statement
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-27
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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