Overview
Information & Communication

Neural Group Inc.

Neural Group Inc. is an AI engineering company that provides edge AI-powered solutions for smart city and digital transformation applications, including parking lot/logistics facility occupancy detection (DegiPark), people flow analysis and safety monitoring (DegiFlow), LED digital signage systems (Neural Vision/DegiLook), mansion signage advertising media (Focus Channel), and fashion trend analytics for apparel retailers (AIMD). The company develops proprietary deep learning libraries and edge computing technology that processes AI inference locally on-device, enabling privacy-compliant, low-cost, and scalable AI services across retail, logistics, real estate, and municipal sectors. Additional offerings include a 1-on-1 meeting support tool (KizunaNavi) co-developed with Sony Corporation, and a web content management service powered by ChatGPT.

Market Cap
¥3.13B
US$20.0M
EV
¥3.55B
US$22.6M
Stock¥182▼-1.62%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
2.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-88.3%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jan 15, 26Speculative buying in New Year trading
MC → EV Bridge
3.13BUS$20.0MMarket Cap2.15BUS$13.7M+ Debt1.54BUS$9.80M− Cash0.20BUS$1.25M− Inv. Sec.3.55BUS$22.6MEV
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Performance & Balance
Revenue 5Y (¥B)
1.01US$6.44M'21/122.88US$18.4M'22/123.18US$20.3M'23/123.56US$22.7M'24/123.30US$21.0M'25/12
EBITDA 5Y (¥B)
0.11US$0.67M'21/12-0.15-US$0.94M'22/12-0.59-US$3.78M'23/120.08US$0.53M'24/120.04US$0.25M'25/12
Net Income 5Y (¥B)
0.01US$0.07M'21/12-0.91-US$5.80M'22/12-0.65-US$4.15M'23/12-0.06-US$0.38M'24/12-0.12-US$0.74M'25/12
Capital Structure
41%
59%
EquityD/E 1.43xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.43US$9.09M0.96US$6.13M'21/121.28US$8.16M2.85US$18.2M'22/120.98US$6.24M2.42US$15.4M'23/120.83US$5.28M1.88US$12.0M'24/122.37US$15.1M1.91US$12.2M'25/12
Shareholders
Top 10 hold 65.4%
1
Michitake SHIGEMATSU
49.94%
2
Trustee of Specified Money Trust (Trust Account), SMBC Trust Bank Ltd.
4.06%
3
Yu SHIMIZU
3.32%
4
Nomura Securities Co., Ltd.
1.82%
5
Takaya SHINOZUKA
1.64%
6
SBI SECURITIES Co., Ltd.
1.15%
7
Rakuten Securities, Inc.
1.04%
8
Dmitry MISHUSTIN
0.99%
9
MATSUI SECURITIES CO.,LTD.
0.75%
10
Signifiant Entrepreneurs Fund Investment Limited Partnership
0.64%
Management
6 officers
Michitake SHIGEMATSU
Representative Director, President
Apr 2006 Joined McKinsey & Company Jan 2016 Became Partner, McKinsey & Company Jan 2018 Established the Company; assumed office as Representative Director, President (current) Nov 2020 Assumed office as President and Executive Officer of the Company (current)
1980-08-23
Masaaki YAMAMOTO
Director, General Manager, Group Alliance Business Division
Apr 2004 Joined Sony Corporation Apr 2019 Joined the Company Feb 2020 Assumed office as Executive Officer of the Company Nov 2020 Assumed office as Managing Executive Officer of the Company (current) Feb 2022 Assumed office as Representative Director, President and CEO, NetTen Co., Ltd. (now Neural Marketing Inc.) (current) Mar 2023 Assumed office as Director of the Company (current)
1978-11-18
Maiko HASUMI
Director
Apr 1997 Joined Fuji Television Network, Inc. Aug 2005 Joined Fidelity Investments Japan Limited Jul 2009 Joined Ever Rich Asset Management Ltd. (current) Jun 2018 Outside Director, CyberBuzz, Inc. (current) Mar 2021 Outside Director (Independent Officer) and Audit and Supervisory Committee Member, Z Holdings Corporation (now LY Corporation) (current) Mar 2021 Outside Director, ABCash Technologies, Inc. (current) Mar 2021 Assumed office as Director of the Company (current)
1974-09-09
Miho TAKEMURA
Director, Full-time Audit and Supervisory Committee Member
Dec 2005 Joined Shin Nihon & Co. (now EY ShinNihon LLC) Aug 2009 Registered as Certified Public Accountant Dec 2013 Assumed office as Full-time Audit & Supervisory Board Member, iRidge, Inc. Mar 2019 Assumed office as Full-time Audit & Supervisory Board Member of the Company Oct 2021 Assumed office as Audit & Supervisory Board Member, Neural Engineering Inc. (current) Nov 2021 Assumed office as Audit & Supervisory Board Member, Focus Channel, Inc. Feb 2022 Assumed office as Audit & Supervisory Board Member, NetTen Co., Ltd. (now Neural Marketing Inc.) (current) Mar 2024 Assumed office as Director (Full-time Audit and Supervisory Committee Member) of the Company (current) Jan 2025 Assumed office as Outside Audit & Supervisory Board Member, Revasta, Inc. (current)
1984-01-31
Toshiki WAKAMATSU
Director, Audit and Supervisory Committee Member
Oct 2005 Registered with the Daini Tokyo Bar Association Oct 2005 Joined Sato Sogo Law Offices Jun 2011 Assumed office as Audit & Supervisory Board Member, Iwaki Co., Ltd. Jun 2016 Assumed office as Director, Orchestra Holdings, Inc. (current) Aug 2018 Assumed office as Director, Voicy, Inc. (current) Sep 2018 Assumed office as Audit & Supervisory Board Member, Engate Inc. (current) Mar 2019 Assumed office as Audit & Supervisory Board Member of the Company Oct 2019 Opened Saltus Law Office (current) Apr 2021 Assumed office as Director, Vestera Inc. (current) Jul 2022 Assumed office as Director, Haronet Inc. (now SFIDA X Inc.) Mar 2024 Assumed office as Director (Audit and Supervisory Committee Member) of the Company (current)
1977-09-19
Yoichi YAMAGISHI
Director, Audit and Supervisory Committee Member
Apr 1989 Joined Nomura Securities Co., Ltd. Sep 2011 Registered as Certified Public Accountant Jul 2015 Joined Mizuho Securities Co., Ltd., General Manager, Public Offering Department Jul 2019 Established Career Philosophy Inc.; assumed office as Representative Director, President (current) Oct 2019 Assumed office as Outside Director, D.L.E. Inc. (current) Mar 2020 Assumed office as Director of the Company Mar 2020 Assumed office as Outside Audit & Supervisory Board Member, Laox Co., Ltd. Mar 2020 Assumed office as Audit & Supervisory Board Member, Laox SCD Co., Ltd. Feb 2021 Assumed office as Outside Audit & Supervisory Board Member, BionicM, Inc. (current) Mar 2022 Assumed office as Outside Audit & Supervisory Board Member, Phymex Co., Ltd. Mar 2022 Assumed office as Audit & Supervisory Board Member, Shadi Co., Ltd. Mar 2024 Assumed office as Director (Audit and Supervisory Committee Member) of the Company (current) Jun 2024 Assumed office as Audit & Supervisory Board Member, Crewt Medical Systems Co., Ltd. (current)
1964-09-21
Large Shareholding Reports
Michitaka SHIGEMATSU
2026-09-09
26.59%→25.37%
Annual report (as of 2026-06-30): 49.94%
Michitaka SHIGEMATSU
2026-06-04
31.35%→27.61%
Annual report (as of 2026-06-30): 49.94%
Michitaka SHIGEMATSU
2026-06-03
31.35%→27.61%
Annual report (as of 2026-06-30): 49.94%
Michitaka SHIGEMATSU
2025-09-04
31.35%→30.87%
Annual report (as of 2026-06-30): 49.94%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-09
Large Shareholding Report
EDINET
2026-08-13
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-10
Q2 Earnings Flash
FY ending Dec 2026
EDINETAmended
2026-06-04
Change Report
EDINET
2026-06-03
Large Shareholding Report
TDnet
2026-05-13
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-30
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-10
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-09-04
Large Shareholding Report
EDINETAmended
2025-09-02
Amended Securities Registration Statement
EDINETAmended
2025-09-02
Amended Securities Registration Statement
EDINET
2025-08-26
Securities Registration Statement
EDINET
2025-08-26
Securities Registration Statement
EDINETAmended
2025-08-20
Amended Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2025-08-13
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-12
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-13
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-29
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-12-22
Securities Registration Statement
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINETAmended
2023-08-10
Amended Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINETAmended
2023-08-10
Amended Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-31
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
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