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Overview

Information & Communication

Densan System Holdings Co.,Ltd.

Densan System Holdings operates as a holding company overseeing two core segments: Information Services and Payment Collection Agency Services. The Information Services segment provides end-to-end IT solutions including system integration, software development, cloud solutions (including Google-related services), generative AI support, BPO services, data center operations, and information security—serving as an independent IT vendor across diverse industries including the energy sector. The Payment Collection Agency Services segment, a pioneer in Japan's private-sector payment collection since 1973, offers comprehensive payment infrastructure including convenience store bill payment, bank account transfer, mobile and online payments, refund/remittance services, and the proprietary 'TREE PAYMENT' platform.

Market Cap

¥35.8B

US$229M

¥12.7B

US$81.2M

Stock¥3,340▼-0.15%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

2.7

LTM EV/EBIT

3.1

LTM PER

11.4

LTM PBR

1.4

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-28.6%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

98%

EquityD/E 0.02xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 41.8%

as of 2026-06-30 · Source: Annual Securities Report

Juroku Financial Group,Inc.

12.61%

The Master Trust Bank of Japan, Ltd. (Trust Account)

7.89%

Employee Stock Ownership Association

5.26%

The Ogaki Kyoritsu Bank,Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)

3.93%

The Gifu Shinkin Bank

3.33%

TOKAI Corp.

2.38%

Yuka YASHIMA

2.12%

Nomura Trust and Banking Co., Ltd. (Investment Trust Account)

1.63%

Business Partners' Stock Ownership Association

1.31%

Gifu Prefecture Credit Federation of Agricultural Cooperatives

1.29%

Management

9 officers

Ryoji KOBAYASHI

Representative Director, President

Mar 1981 Joined Densan System Co., Ltd. Jan 2003 General Manager, System Service Business Division, Densan System Co., Ltd. Mar 2005 Director, Densan System Co., Ltd. Jan 2009 General Manager, EC Solutions Business Division, Densan System Co., Ltd. Apr 2011 Managing Director and Executive Officer, Densan System Co., Ltd. Jan 2014 General Manager, ID Solutions Business Division, Densan System Co., Ltd. Mar 2014 Senior Managing Director and Executive Officer, Densan System Co., Ltd. Jan 2017 General Manager, IT Development Division, Densan System Co., Ltd. Mar 2022 Representative Director, Deputy President, Juroku Densan Digital Service Co., Ltd. Mar 2023 Representative Director, President and Group Chief Executive Officer, the Company (current)

1958-08-23

Jota TAKAHASHI

Director

Apr 1983 Joined Mitsui Information Development Co., Ltd. (now Mitsui Information Co., Ltd.) Jan 2007 Joined E-Bank Co., Ltd. (now Rakuten Bank, Ltd.) Apr 2009 Representative Director, IT Stream Co., Ltd. Dec 2012 Representative Director, Needs Agency Co., Ltd. (now DSK Payment Co., Ltd.) Mar 2017 Director and Executive Officer, Densan System Co., Ltd. Mar 2017 General Manager, SI Solutions Business Division, Densan System Co., Ltd. May 2017 General Manager, ICT Innovation Business Division, Densan System Co., Ltd. Mar 2018 Director, Deputy President and Executive Officer, Densan System Co., Ltd. Jul 2021 Representative Director, President and Executive Officer, Densan System Co., Ltd. (current) Jul 2021 Director, General Supervisor of Group Information Services Business, the Company Jan 2023 Director, General Supervisor of Group Business, the Company Mar 2023 Director, General Manager of Group Business, the Company (current)

1959-08-10

Kentaro YASHIMA

Director

Apr 1993 Joined Koyo Seiko Co., Ltd. (now JTEKT Corporation) Jul 2010 Left Koyo Seiko Co., Ltd. Sep 2010 Joined Densan System Co., Ltd. Apr 2012 Executive Officer, Densan System Co., Ltd. Oct 2017 Director, CIS Bayad Center, Inc. (Philippines) Jan 2018 General Manager, Payment Innovation Business Division, EC Solutions Business Headquarters, and in charge of Overseas Business, Densan System Co., Ltd. Mar 2018 Director and Executive Officer, Densan System Co., Ltd. Jul 2021 Managing Director and Executive Officer, Densan System Co., Ltd. (current) Jan 2022 General Manager, BPO Business Headquarters, and in charge of Overseas Business, Densan System Co., Ltd. Jan 2024 General Manager, Business Innovation Business Headquarters, and in charge of Overseas Business, Densan System Co., Ltd. Jan 2025 In charge of Group Company Collaboration, Densan System Co., Ltd. (current) Mar 2025 Director, General Manager of Group Operations, the Company (current)

1969-01-28

Takashi USAMI

Director

Apr 1984 Joined The Juroku Bank, Ltd. Jun 2016 General Manager, Tajimi Branch, The Juroku Bank, Ltd. Oct 2017 Managing Director, Juroku Lease Co., Ltd. Jan 2018 Seconded to Densan System Co., Ltd. Apr 2018 Executive Officer, General Manager of Administration Division, Densan System Co., Ltd. Jan 2020 Executive Officer, General Manager of Administration Division and General Manager of Human Resources Department, Densan System Co., Ltd. Jul 2021 Executive Officer, General Manager of Administration Division and General Manager of Human Resources Department, the Company Mar 2022 Director and Executive Officer, General Manager of Administration Division and General Manager of Human Resources Department, Densan System Co., Ltd. Mar 2023 Director, General Manager of Administration Division and General Manager of Human Resources Department, the Company (current) Jul 2024 Director and Executive Officer, General Manager of Administration Division, Densan System Co., Ltd. (current)

1961-10-06

Norihiko SAWAFUJI

Director (Full-time Audit and Supervisory Committee Member)

Apr 1981 Joined Dai Nippon Doboku Co., Ltd. Nov 2002 Joined Densan System Co., Ltd. Jan 2009 General Manager, Accounting Department, Administration Division, Densan System Co., Ltd. Apr 2011 General Manager, General Affairs Department, Administration Division, Densan System Co., Ltd. Apr 2016 General Manager, Secretariat of Audit and Supervisory Committee, Densan System Co., Ltd. Mar 2018 Director (Full-time Audit and Supervisory Committee Member), Densan System Co., Ltd. Jul 2021 Audit & Supervisory Board Member, Densan System Co., Ltd. (current) Jul 2021 Director (Audit and Supervisory Committee Member), the Company (current)

1958-01-01

Keiko NAKADA

Director

Apr 1991 Joined Fujitsu Limited Jun 2016 General Manager, Third Sales Department, Kansai Healthcare Division, Fujitsu Limited Apr 2019 Fukui Branch Manager, Hokuriku Branch Office, Fujitsu Limited Jul 2021 Senior Director, Tokai and Hokuriku Area Headquarters, Fujitsu Japan Limited Apr 2022 General Manager, Partner Business Department, Tokai Branch Office, Fujitsu Japan Limited Mar 2023 Director, the Company (current) Apr 2024 General Manager, Partner Support Management Division, Partner Business Headquarters (now Partner Relations Management Division), Fujitsu Limited (current)

1968-07-06

Hiroaki MIYOSHI

Director

Apr 1983 Joined Mitsui Information Development Co., Ltd. (now Mitsui Information Co., Ltd.) Apr 1991 Joined Research Institute, Mitsui Information Development Co., Ltd. Oct 2003 Joined Contemporary Culture Research Institute Co., Ltd. Apr 2004 Full-time Fellow (Professor), Research and Development Promotion Organization, Doshisha University Apr 2008 Professor, Graduate School of Policy and Management, Doshisha University Oct 2011 Visiting Fellow, Clare Hall, University of Cambridge Apr 2016 Director, Center for Technology, Enterprise and Global Competitiveness, Doshisha University Apr 2017 Professor, Faculty of Policy Studies, Doshisha University Apr 2025 Professor Emeritus, Doshisha University (current)

1960-02-09

Hiroshi TOMISAKA

Director (Audit and Supervisory Committee Member)

Apr 1970 Registered as Attorney-at-Law, admitted to Dai-Ichi Tokyo Bar Association Jun 1973 Representative, Tomisaka Law Office (current) Mar 2007 Audit & Supervisory Board Member, Densan System Co., Ltd. Mar 2016 Director (Audit and Supervisory Committee Member), Densan System Co., Ltd. Jul 2021 Director (Audit and Supervisory Committee Member), the Company (current)

1941-10-08

Yuji NODA

Director (Audit and Supervisory Committee Member)

Mar 1973 Joined Peat Marwick Mitchell CPA Office Sep 1975 Joined Marunouchi Accounting Office (now Deloitte Tohmatsu LLC) Oct 1981 Opened Noda CPA Office, Representative (current) Mar 2007 Audit & Supervisory Board Member, Densan System Co., Ltd. Mar 2016 Director (Audit and Supervisory Committee Member), Densan System Co., Ltd. Jul 2021 Director (Audit and Supervisory Committee Member), the Company (current)

1950-04-12

Large Shareholding Reports

Fidelity Management & Research Company LLC

2026-10-07

2.88%

Juroku Financial Group, Inc.

2026-03-05

8.24%→12.61%

Annual report (as of 2026-06-30): 12.61%

Hirota Co., Ltd.

2026-01-16

8.24%

Hirota Co., Ltd.

2026-01-15

8.25%→8.25%

Juroku Financial Group, Inc.

2026-01-15

8.24%

Annual report (as of 2026-06-30): 12.61%

Juroku Financial Group, Inc.

2025-12-26

8.24%

Annual report (as of 2026-06-30): 12.61%

Hirota Co., Ltd.

2025-12-26

8.25%→0.00%

Disclosures

No disclosures

Primary Source Filings

EDINET

2026-10-07

Large Shareholding Report

Densan System Holdings Co.,Ltd.

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Densan System Holdings Co.,Ltd.

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