Overview
Information & Communication

Eltes Co.,Ltd.

Eltes Group operates four business segments under the mission of 'creating a safe digital society and continuously advancing Japan': (1) Digital Risk, providing social media monitoring, crisis response consulting, and internal threat detection services; (2) AI Security, offering security guard DX platforms ('AIK order', 'AIK assign') alongside physical security services across multiple Japanese regions; (3) DX Promotion, supporting municipal and corporate digital transformation with proven delivery to over 140 local governments; and (4) Smart City, focused on digitizing property management and expanding into regional revitalization through marketing support for local governments and enterprises. The company leverages proprietary big data analytics and AI technologies to address emerging risks from digital technology advancement.

Market Cap
¥4.32B
US$27.5M
EV
¥4.86B
US$31.0M
Stock¥698▼-6.56%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.5
x
LTM EV/EBIT
10.3
x
LTM PER
NM
LTM PBR
2.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-16.7%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Oct 15, 26Q2 FY2027/02 earnings announced
MC → EV Bridge
4.32BUS$27.5MMarket Cap2.39BUS$15.2M+ Debt1.43BUS$9.14M− Cash0.41BUS$2.63M− Inv. Sec.4.86BUS$31.0MEV
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Performance & Balance
Revenue 5Y (¥B)
2.68US$17.1M'22/24.69US$29.9M'23/26.54US$41.7M'24/27.32US$46.7M'25/28.96US$57.1M'26/2
EBITDA 5Y (¥B)
0.12US$0.74M'22/20.25US$1.61M'23/20.28US$1.79M'24/20.24US$1.55M'25/20.63US$3.99M'26/2
Net Income 5Y (¥B)
0.13US$0.81M'22/20.04US$0.27M'23/20.26US$1.64M'24/2-0.86-US$5.48M'25/2-0.17-US$1.07M'26/2
Capital Structure
43%
57%
EquityD/E 1.33xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.52US$9.67M0.73US$4.67M'22/22.17US$13.8M2.71US$17.3M'23/22.08US$13.3M3.33US$21.2M'24/22.94US$18.7M4.21US$26.9M'25/22.28US$14.6M3.71US$23.7M'26/2
Shareholders
Top 10 hold 40.4%
1
TS Partners Co., Ltd.
15.58%
2
LAC Co.,Ltd.
10.02%
3
Takahiro SUGAWARA
5.12%
4
Sumitomo Mitsui Trust Bank, Limited (Standing Proxy: Custody Bank of Japan, Ltd.)
2.69%
5
Rakuten Securities, Inc. (Joint Account)
1.81%
6
Terutsuki TOMIMOTO
1.63%
7
Mynavi Corporation
1.34%
8
Kokusai Sogo Gakuen (School Corporation)
0.97%
9
Yutaka ITO
0.80%
10
Kayo OSHITA
0.41%
Management
7 officers
Takahiro SUGAWARA
Representative Director, President
Apr 2004 Established former Eltes Co., Ltd., Representative Director Apr 2012 Established the Company, Representative Director, President (current) May 2018 Representative Director, Eltes Capital Co., Ltd. (current) May 2019 Representative Director, Eltes Security Intelligence Co., Ltd. (now AIK Co., Ltd.) Jun 2020 Outside Director, gooddays Holdings Co., Ltd. (current) Dec 2020 Representative Director, JAPANDX Co., Ltd.; Director, Asahi Anzen Gyomusha Co., Ltd. (now And Security Co., Ltd.); Outside Audit & Supervisory Board Member, Ambis Holdings Co., Ltd. (current) Oct 2021 Director, AIK Co., Ltd. (current) Mar 2025 Representative Director, Metaun Co., Ltd. (now e-Realty Co., Ltd.) (current) Feb 2026 Representative Director, Actor Co., Ltd. (current) Mar 2026 Director, GloLing Co., Ltd. (current)
1979-12-23
Hiroyuki MOTOHASHI
Director (Audit and Supervisory Committee Member)
Apr 1997 Joined Asahi Audit Corporation (now Azsa LLC) Sep 2012 Established Motohashi Certified Public Accountant Office, Head (current) Dec 2012 Audit & Supervisory Board Member, Minna no Wedding Co., Ltd. (now Kufu Wedding Co., Ltd.) Sep 2013 Audit & Supervisory Board Member, former Eltes Co., Ltd. Mar 2014 Audit & Supervisory Board Member, the Company Mar 2017 Outside Director, State of Mind Co., Ltd. (current) May 2021 Outside Audit & Supervisory Board Member, PR Table Co., Ltd. (now talentbook Co., Ltd.) (current) Sep 2023 Outside Audit & Supervisory Board Member, Uridoki Co., Ltd. Sep 2024 Outside Audit & Supervisory Board Member, SHOWROOM Co., Ltd. (current) Feb 2026 Outside Director (Audit and Supervisory Committee Member), Uridoki Co., Ltd. (current) May 2026 Director (Audit and Supervisory Committee Member), the Company (current)
1974-08-15
Yoshiharu TAKAHASHI
Director (Audit and Supervisory Committee Member)
Apr 1974 Joined Nihon Recruit Center Co., Ltd. (now Recruit Holdings Co., Ltd.) Feb 1994 Joined Sega Enterprises, Ltd. (now Sega Games Co., Ltd.) Sep 1996 Established Wise Stage Co., Ltd., Representative Director Dec 1999 Director, Matsunoki Pharmaceutical Co., Ltd. Apr 2002 Audit & Supervisory Board Member, Nissen Co., Ltd. (now Nissen Holdings Co., Ltd.) Feb 2011 Chairman, Wise Stage Co., Ltd. (current) Apr 2012 Audit & Supervisory Board Member, Shady Co., Ltd. Sep 2013 Audit & Supervisory Board Member, former Eltes Co., Ltd. Mar 2014 Audit & Supervisory Board Member, the Company Jun 2020 Vice President and Representative Director, Saitama Prefectural Urawa High School Alumni Association (current) Sep 2021 Director and Secretary General, Directforce General Incorporated Association May 2026 Director (Audit and Supervisory Committee Member), the Company (current)
1951-04-18
Yutaka ITO
Vice President, Director
Apr 2000 Joined IBM Japan, Ltd. Oct 2005 Established Slogan Co., Ltd., Representative Director, President Sep 2015 Established KMFG Co., Ltd., Representative Director (current) Oct 2016 Director, Slogan Advisory Co., Ltd.; Director, Teamup Co., Ltd. Mar 2023 Director, Slogan Co., Ltd. May 2023 Director, the Company (current); Representative Director, Ruby Foundation (current) Jul 2023 Outside Director, TOUCH TO GO Co., Ltd. (current) Aug 2024 Outside Director, Kuzen Co., Ltd. (current); Outside Director, Flex Group Co., Ltd. (current) May 2025 Vice President, Director, the Company (current) Jun 2025 Head of Corporate Strategy Division, the Company (current)
1977-11-03
Sayuri SHINOCHI
Director
Apr 1994 Joined Jardine Fleming Securities (now J.P. Morgan Securities) Dec 1994 Joined Japan Airlines Co., Ltd. Jan 1999 Joined Citibank Apr 2004 Joined Nikko Citigroup Securities (now Citigroup Securities) Mar 2008 Joined UBS AG Tokyo Branch Nov 2011 Joined Barclays Capital Securities Ltd. Feb 2013 Established Chanty Beaute, Representative Oct 2016 Established Aging Management Research Institute Co., Ltd. (now Asset Growth Co., Ltd.), Representative Director (current) Dec 2018 Established U-RIZM Co., Ltd., Director Nov 2022 Joined H fund Investment Co., Ltd., Executive Officer, Head of Client Relations (current) May 2025 Director, the Company (current)
1971-12-28
Norihiro FURUKAWA
Director
Apr 2007 Joined McKinsey & Company, Inc. Japan Jul 2010 Joined Advantage Partners LLP (now Advantage Partners Co., Ltd.) Dec 2014 Outside Director, Pixela Corporation Jun 2019 Outside Director, E Store Co., Ltd. Oct 2019 Outside Director, Hiramatsu Inc. Mar 2020 Outside Director, Arkland Service Holdings Co., Ltd.; Outside Director, Japan Power Fastening Co., Ltd. Sep 2022 Representative Director, Growth Partners Co., Ltd. (current) Jan 2023 Outside Director, Pro-Red Partners Co., Ltd. Feb 2023 Outside Director, GRCS Inc. May 2024 Outside Director, Takakyu Co., Ltd. (current) Jun 2024 Outside Director (Audit and Supervisory Committee Member), Lancers Inc. (current) Jun 2025 Outside Director, Beplats Co., Ltd. (current) Sep 2025 Outside Director, Via Holdings Co., Ltd. (current) May 2026 Director, the Company (current)
1981-05-01
Sonoko MIYAZAKI
Director (Audit and Supervisory Committee Member)
Apr 1997 Joined Toyota Tochi Tatemono Co., Ltd. Sep 2002 Joined Allied Co., Ltd. Apr 2004 Joined former Eltes Co., Ltd. Apr 2009 Audit & Supervisory Board Member, same company Jun 2011 Director, same company Mar 2014 Director, General Manager of Administration Division, the Company Jul 2014 Advisor, the Company May 2022 Full-time Audit & Supervisory Board Member, the Company May 2026 Director (Audit and Supervisory Committee Member), the Company (current)
1952-10-29
Large Shareholding Reports
TS Partners Co., Ltd.
2026-01-14
21.78%→16.30%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-08-31): 15.58%
TS Partners Co., Ltd.
2026-01-09
21.78%→16.30%
Annual report (as of 2026-08-31): 15.58%
Tokuatsu FURUKAWA
2026-01-07
3.41%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-14
Semi-Annual Securities Report
Period: Mar 2026 – Feb 2027
TDnet
2026-10-14
Q2 Earnings Flash
FY ending Feb 2027
TDnet
2026-07-14
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-05-27
Annual Securities Report
Period: Mar 2025 – Feb 2026
EDINETAmended
2026-01-14
Change Report
TDnet
2026-01-13
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2026-01-09
Large Shareholding Report
EDINET
2026-01-07
Large Shareholding Report
EDINETAmended
2025-12-16
Amended Securities Registration Statement
EDINET
2025-12-11
Securities Registration Statement
EDINETAmended
2025-12-08
Amended Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
EDINET
2025-10-14
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2025-07-14
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-30
Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINETAmended
2025-05-30
Amended Annual Securities Report
Period: Mar 2023 – Feb 2024
TDnetAmended
2025-03-05
Q3 Earnings Flash
FY ending Feb 2025
EDINETAmended
2025-01-16
Amended Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINETAmended
2025-01-16
Amended Quarterly Securities Report
Period: Jun 2023 – Aug 2023
TDnet
2025-01-10
Q3 Earnings Flash
FY ending Feb 2025
EDINET
2024-10-11
Semi-Annual Securities Report
Period: Mar 2024 – Aug 2024
TDnet
2024-07-12
Q1 Earnings Flash
FY ending Feb 2025
EDINET
2024-07-12
Quarterly Securities Report
Period: Mar 2024 – May 2024
EDINET
2024-05-30
Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINET
2024-01-12
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-13
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-24
Securities Registration Statement
EDINET
2023-07-14
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-05-25
Annual Securities Report
Period: Mar 2022 – Feb 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-14
Quarterly Securities Report
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