Overview
Information & Communication

ULURU.CO.,LTD.

Uluru operates three interconnected business segments leveraging crowdworkers to address Japan's labor shortage: CGS (Crowd Generated Service), BPO, and Crowdsourcing. Its flagship SaaS products include NJSS (a government tender information service), fondesk (a cloud-based telephone answering service), and enPhoto (a photo sales management system for nurseries and kindergartens), all powered by its proprietary crowdsourcing platform 'Shufti.' The company combines human crowdworker labor with IT and AI to deliver services that pure software solutions cannot replicate, targeting corporate clients across public procurement, childcare, and back-office outsourcing markets.

Market Cap
US$78.3M
¥12.5B
EV
US$48.1M
¥7.68B
StockUS$2.84(¥454)▼-4.82%
US$1 = ¥159.70 (2026-11-12)
LTM EV/EBITDA
5.1
x
LTM EV/EBIT
6.8
x
LTM PER
16.0
x
LTM PBR
3.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-16.3%pt
100
Nov 13, 25 – Nov 13, 26StockTOPIX
MC → EV Bridge
US$78.3M¥12.5BMarket CapUS$3.51M¥0.56B+ DebtUS$29.6M¥4.73B− CashUS$4.11M¥0.66B− Inv. Sec.US$48.1M¥7.68BEV
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Performance & Balance
Revenue 5Y (US$)
US$25.2M¥4.03B'22/3US$30.4M¥4.86B'23/3US$37.2M¥5.94B'24/3US$42.0M¥6.70B'25/3US$48.5M¥7.75B'26/3
EBITDA 5Y (US$)
-US$1.03M¥-0.16B'22/3US$0.66M¥0.11B'23/3US$9.50M¥1.52B'24/3US$6.27M¥1.00B'25/3US$7.98M¥1.28B'26/3
Net Income 5Y (US$)
-US$0.40M¥-0.06B'22/3-US$0.28M¥-0.05B'23/3US$4.51M¥0.72B'24/3US$2.87M¥0.46B'25/3US$4.61M¥0.74B'26/3
Capital Structure
87%
EquityD/E 0.15xDebt
Liquidity vs Debt 5Y (US$)▲ Net Cash
CashInv. Sec.Debt
US$19.6M¥3.13BUS$0.51M¥0.08B'22/3US$17.8M¥2.84BUS$0.24M¥0.04B'23/3US$25.4M¥4.05BUS$1.24M¥0.20B'24/3US$24.5M¥3.92BUS$0.99M¥0.16B'25/3US$32.5M¥5.19BUS$3.69M¥0.59B'26/3
Business Segments
2026/03 · US$ (¥B)
48%
CGS Segment NJSS
Revenue
US$23.3M(¥3.73B)
Segment profit
US$10.3M(¥1.64B)44.0%
22%
BPO Segment
Revenue
US$10.9M(¥1.74B)
Segment profit
US$1.46M(¥0.23B)13.5%
14%
CGS Segment fondesk
Revenue
US$7.00M(¥1.12B)
Segment profit
US$0.64M(¥0.10B)9.1%
14%
CGS Segment photo
Revenue
US$6.89M(¥1.10B)
Segment profit
-US$0.17M(¥-0.03B)-2.4%
0.7%
Crowdsourcing Segment
Revenue
US$0.32M(¥0.05B)
Segment profit
-US$0.04M(¥-0.01B)-10.8%
0.6%
CGS Segment others
Revenue
US$0.30M(¥0.05B)
Segment profit
-US$0.71M(¥-0.11B)-234.1%
Adjustments
Revenue
-US$0.20M(¥-0.03B)
Segment profit
-US$5.64M(¥-0.90B)
No segment changes in the last 5 years
Shareholders
Top 10 hold 69.6%
1
Tomoya HOSHI
17.67%
2
Ayers Rock Co., Ltd.
9.64%
3
UH Partners 3 Investment Limited Partnership
7.73%
4
UH5 Co., Ltd.
7.58%
5
HIKARI TSUSHIN, Inc. Investment Limited Partnership
6.65%
6
SIL Investment Limited Partnership
6.44%
7
Yuhei OKEYAMA
5.58%
8
UH Partners 2 Investment Limited Partnership
2.84%
9
Nippon Life Insurance Company
2.77%
10
Yosuke NAGAYA
2.69%
Management
7 officers
Tomoya HOSHI
Representative Director, President and CEO
Oct 1995 Joined Telemarker Co., Ltd. Apr 1999 Joined Season Global Works Co., Ltd. Oct 2003 Appointed Representative Director, President of the Company May 2013 Appointed Audit & Supervisory Board Member of PT. ULURU BALI Jan 2023 Appointed Director of Brain Feed Co., Ltd. Jan 2024 Appointed Outside Director of Lightblue Inc. Oct 2025 Appointed Representative Director, President and CEO of the Company (current)
1976-10-01
Yuhei OKEYAMA
Director, Executive Vice President and COO
May 2005 Joined the Company Nov 2005 Appointed Corporate Auditor of the Company Oct 2010 Appointed Director, Executive Vice President of the Company Oct 2014 Appointed Representative Director, President of Uruuru BPO Co., Ltd. (current) Apr 2015 Appointed Director, Executive Vice President and General Manager of Administration Division of the Company Feb 2023 Appointed Director of Japan Data Engineering Association (current) Oct 2025 Appointed Director, Executive Vice President and COO of the Company (current)
1980-09-29
Takahiro ICHIKAWA
Director
Apr 2002 Joined Daiwa SMBC Securities Co., Ltd. (now Daiwa Securities Co., Ltd.) Feb 2006 Established Value Field Co., Ltd.; appointed Representative Director (current) Mar 2007 Opened Takahiro Ichikawa Certified Tax Accountant Office; appointed Representative Dec 2007 Opened Takahiro Ichikawa Administrative Scrivener Office; appointed Representative Feb 2008 Established Fun Value Co., Ltd.; appointed Representative Director Oct 2008 Established Ichikawa Accounting Tax Corporation; appointed Representative Partner May 2013 Appointed Outside Corporate Auditor of O-My Glass Co., Ltd. Apr 2015 Appointed Outside Corporate Auditor of Stardust Communications Co., Ltd. (current) May 2015 Appointed Outside Corporate Auditor of BEARTAIL Inc. (now TOKIUM Inc.) (current) Jun 2016 Appointed Director of the Company (current) Jun 2017 Appointed Outside Corporate Auditor of Lifestyle Design Co., Ltd. (now FABRIC TOKYO Inc.) Mar 2023 Appointed Outside Corporate Auditor of Asuene Inc. (current) Nov 2023 Established Takahiro Ichikawa Certified Tax Accountant Office; appointed Representative (current)
1977-07-25
Tsuyoshi MATSUOKA
Director
Apr 2001 Joined Yahoo Japan Corporation (now LY Corporation) Dec 2007 Joined mixi, Inc. (now MIXI, Inc.) Jul 2012 Appointed Executive Officer, Chief Technology Officer and General Manager of Systems Division of MIXI, Inc. Jun 2013 Appointed Director, Chief Technology Officer of MIXI, Inc. Apr 2015 Appointed Chief Technology Officer of Viibar Inc. Jun 2016 Established Lector Inc.; appointed Representative Director Jun 2018 Appointed Director of the Company Sep 2019 Established Japan CTO Association; appointed Representative Director Aug 2022 Appointed Executive Officer and CTO of Coincheck, Inc. Apr 2023 Appointed Executive Officer, CTO and CSO of Coincheck, Inc. Sep 2023 Appointed Executive Officer, CTO and General Manager of Development and Human Resources Division of Coincheck, Inc. Jun 2024 Appointed Managing Executive Officer, CTO and General Manager of Development and Human Resources Division of Coincheck, Inc. Jul 2025 Appointed Director of Japan CTO Association (current) Oct 2025 Appointed Managing Executive Officer, CTO and General Manager of Development and AI Division of Coincheck, Inc. Jun 2026 Appointed Managing Executive Officer, CRO of Coincheck, Inc. (current)
1977-10-07
Hidekazu SUZUKI
Full-time Corporate Auditor
Dec 1986 Joined Arbeit Times Co., Ltd. Oct 1995 Appointed Director of the same company Apr 1999 Appointed Representative Director, President of the same company May 2008 Appointed Director of QLife Co., Ltd. Jun 2009 Appointed Corporate Auditor of the same company May 2010 Appointed Director of the Company May 2011 Appointed Director of Dip Corporation Jun 2014 Appointed Director of APCs Co., Ltd. Dec 2014 Appointed Corporate Auditor of the Company (current) Oct 2017 Appointed Outside Director of Alto Inc. Nov 2018 Appointed Director, Audit and Supervisory Committee Member of AI Medical Service Inc. (current) Feb 2021 Appointed Outside Corporate Auditor of GRAS Group, Inc. (current)
1962-07-28
Norio SUZUKI
Corporate Auditor
Oct 1993 Joined Ota Showa & Co. (now EY ShinNihon LLC) Apr 2002 Joined Partners International Accounting Office Oct 2006 Joined City-Yuwa Partners (Attorney-at-Law and Certified Public Accountant) Dec 2014 Appointed Corporate Auditor of the Company (current) Jun 2015 Appointed Outside Director of Sophia Holdings Co., Ltd. Jan 2018 Joined Atsumi & Sakai Foreign Law Joint Enterprise (Attorney-at-Law and Certified Public Accountant) Nov 2018 Appointed Outside Corporate Auditor of Triple Eyes Co., Ltd. Jul 2021 Appointed Corporate Auditor of Linc'well Inc. (current) May 2022 Opened Act Partners Law Office; appointed Representative Sep 2022 Appointed Outside Corporate Auditor of Pair Capital Co., Ltd. Nov 2022 Appointed Co-Representative Partner of Act Advisors Law Office (now Koyama & Suzuki Law Office) (current) Apr 2023 Appointed Specially Appointed Professor of Teikyo University (current) Sep 2023 Appointed Outside Corporate Auditor of Dicim Co., Ltd. Nov 2023 Appointed Outside Director of Triple Eyes Co., Ltd. (current)
1971-06-08
Rena HAGIWARA
Corporate Auditor
Dec 2009 Registered as Attorney-at-Law Dec 2009 Joined Hayashi Sonobe Law Office Aug 2015 Joined Toshima Sogo Law Office (current) Jun 2024 Appointed Outside Corporate Auditor of Naka-Nihon Highway Engineering Tokyo Co., Ltd. (current) Jun 2024 Appointed Corporate Auditor of the Company (current)
1978-11-08
Large Shareholding Reports
UH Partners 3 Co., Ltd.
2026-03-09
7.64%→7.64%
UH Partners 3 Co., Ltd.
2025-09-26
7.64%→7.64%
UH Partners 3 Co., Ltd.
2025-08-05
7.64%→7.64%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-11-12
Q2 Earnings Flash
FY ending Mar 2027
EDINET
2026-11-12
Semi-Annual Securities Report
Period: Apr 2026 – Mar 2027
EDINETAmended
2026-11-05
Amended Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-11-05
Amended Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-08-13
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-06-03
株主総会招集通知
TDnet
2026-05-13
Full-Year Earnings Flash
FY ending Mar 2026
TDnet
2026-05-13
業績予想の修正
EDINET
2026-03-09
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
TDnet
2026-02-13
業績予想の修正
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-26
Large Shareholding Report
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-08-05
Large Shareholding Report
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnetAmended
2024-11-14
Q1 Earnings Flash
FY ending Mar 2025
TDnet
2024-08-14
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
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
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
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
2022-06-29
Annual Securities Report
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