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Overview

Information & Communication

Innovation Inc.

Innovation, Inc. operates a B2B-focused digital marketing platform group in Japan, covering the full corporate sales funnel from lead generation to deal closure. Its flagship service 'IT Trend' is a comparison and document-request site for enterprise IT products, serving approximately 1,925 companies and 3,529 products across 351 service categories, with nearly 20 million annual site visits. The group also provides marketing automation tools ('List Finder' and 'SHANON MARKETING PLATFORM'), online exhibition services ('IT Trend EXPO'), a B2B video platform ('bizplay'), and sales support cloud tools, enabling end-to-end BtoB marketing support.

Market Cap

¥2.14B

US$13.7M

¥2.24B

US$14.3M

Stock¥797▼-1.97%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

8.3

LTM EV/EBIT

LTM PER

LTM PBR

0.8

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-39.6%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Aug 17, 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

55%

45%

EquityD/E 0.83xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 61.8%

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

Naoto TOMITA

31.55%

NTI Co., Ltd.

7.24%

Findstar Group Co., Ltd.

5.07%

Sense LLC

4.12%

Custody Bank of Japan, Ltd. (Trust Account)

2.76%

Custody Bank of Japan, Ltd. (Trust Account E)

2.66%

Fuminori SATO

2.49%

Hikari Tsushin, Inc. Investment Limited Partnership

2.17%

Seigo NAITO

2.01%

Shunichi ENDO

1.77%

Management

5 officers

Naoto TOMITA

Representative Director, President and CEO

Apr 1987 Joined Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) Dec 2000 Founded the Company; Representative Director, President and CEO (current) Apr 2015 Representative Director, NTI Co., Ltd. (current) Jun 2019 Representative Director, Cocripo Co., Ltd. (now Innovation X Solutions Co., Ltd.) Feb 2020 Director, Innovation IFA Consulting Co., Ltd. Oct 2020 Director, Innovation M&A Partners Co., Ltd. Oct 2021 Representative Director, Shizuoka Innovation Base General Incorporated Association (current) Jun 2022 Representative Director, Innovation M&A Partners Co., Ltd. Nov 2022 Representative Director, Shizuoka Innovation Scholarship Foundation (general incorporated foundation) Apr 2023 Director, Innovation M&A Partners Co., Ltd. Jan 2024 Director, xIB JAPAN General Incorporated Association (current) Apr 2024 Director, Shizuoka Venture Startup Association (current) Apr 2024 Representative Director, Shizuoka Innovation Scholarship Foundation (public interest incorporated foundation) (current)

1965-02-21

Hiroshi YAMASAKI

Chairman of the Board, Director

Apr 1990 Joined Kuraray Co., Ltd. Jul 2000 Joined Trans Cosmos Inc. Apr 2005 Joined Zappallas, Inc. Jul 2005 Director, Zappallas, Inc. Jul 2010 Audit & Supervisory Board Member, Zappallas, Inc. May 2013 Joined Barocco Japan Limited May 2015 Director, Managing Executive Officer, Barocco Japan Limited May 2017 Senior Managing Director, Barocco Japan Limited Jun 2018 Joined the Company; Director Oct 2023 Chairman of the Board, the Company (current) Apr 2025 Representative Director, CEO, Shannon Inc. (current)

1965-10-10

Masakazu HASEGAWA

Director (Audit and Supervisory Committee Member)

Apr 1989 Joined Tokio Marine Fire Insurance Co., Ltd. (now Tokio Marine & Nichido Fire Insurance Co., Ltd.) Sep 1996 Joined Mizukami Tax Accounting Office Feb 2005 Joined Maeyama Tax Accounting Office Jan 2007 Established Operation Co., Ltd.; Representative Director Aug 2007 Audit & Supervisory Board Member, Happiness & Dee Co., Ltd. Dec 2010 Director, the Company Aug 2012 Established Masakazu Hasegawa Tax Accounting Office; Office Head May 2016 Audit & Supervisory Board Member, Fusion Co., Ltd. Nov 2018 Director (Audit and Supervisory Committee Member), Happiness & Dee Co., Ltd. Jun 2019 Director (Audit and Supervisory Committee Member), the Company (current) Jun 2020 Outside Audit & Supervisory Board Member, Chowa Giken Co., Ltd. (current) Aug 2024 Representative Partner, ES Next Tax Corporation (current)

1966-12-06

Hiromasa KURATA

Director (Audit and Supervisory Committee Member)

Apr 1998 Joined Red Fox Co., Ltd. Jul 2003 Director, Red Fox Co., Ltd. Jul 2006 Established EVERRISE Co., Ltd.; Representative Director (current) Jun 2019 Director (Audit and Supervisory Committee Member), the Company (current)

1976-05-02

Kazuhiro GOTO

Director (Audit and Supervisory Committee Member)

Feb 1998 Established D-Pops Co., Ltd.; Representative Director (current) Oct 2015 Established D-Pops Group Co., Ltd.; Representative Director (current) Jun 2020 Director (Audit and Supervisory Committee Member), the Company (current)

1972-06-16

Large Shareholding Reports