Overview
Information & Communication

Kaizen Platform,Inc.

Kaizen Platform is a Japanese AI integrator and DX partner that provides UX optimization and digital transformation solutions to enterprise clients across marketing, sales, and customer service functions. Its core offerings include 'Magical UX' (a semi-custom suite of generative AI-powered UX applications such as smart search, multilingual support, form assistance, and voice booking), 'Kaizen Cloud Service' (a PaaS/API-based managed cloud platform integrating generative AI, personalization, and A/B testing), and 'Professional Solution' (consulting, creative production, IT development, and SES services). The company leverages proprietary tag-based UX technology to implement improvements on top of legacy systems without system overhaul, and has accumulated knowhow from over 1,200 client accounts.

Market Cap
¥1.76B
US$11.2M
EV
¥-0.54B
-US$3.41M
Stock¥103▼-1.90%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.4
x
LTM EV/EBIT
5.2
x
LTM PER
NM
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-63.4%pt
1001234
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 14, 25Strong Q2 earnings results
2Jan 26, 26Strong Q3 earnings results
3Feb 16, 26Post-earnings profit taking
4Aug 27, 26TSE raised margin requirement to 50% on speculative short-squeeze rally, triggering sharp reversal
MC → EV Bridge
1.76BUS$11.2MMarket Cap0.61BUS$3.91M+ Debt2.76BUS$17.6M− Cash0.15BUS$0.96M− Inv. Sec.-0.54B-US$3.41MEV
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Performance & Balance
Revenue 5Y (¥B)
2.26US$14.4M'21/122.67US$17.0M'22/124.34US$27.7M'23/124.52US$28.8M'24/124.35US$27.8M'25/12
EBITDA 5Y (¥B)
0.21US$1.36M'21/120.13US$0.80M'22/120.16US$1.01M'23/120.12US$0.76M'24/120.05US$0.30M'25/12
Net Income 5Y (¥B)
-0.10-US$0.64M'21/12-0.29-US$1.82M'22/12-0.02-US$0.13M'23/12-0.17-US$1.09M'24/120.03US$0.18M'25/12
Capital Structure
83%
EquityD/E 0.21xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
3.08US$19.7M0.67US$4.28M'21/123.40US$21.7M1.34US$8.53M'22/122.60US$16.6M0.60US$3.82M'23/123.01US$19.2M0.91US$5.83M'24/123.08US$19.6M0.72US$4.57M'25/12
Shareholders
Top 10 hold 52.4%
1
Kenji SUDO
17.79%
2
SBI SECURITIES Co., Ltd.
14.34%
3
Hack Shikō Co., Ltd.
5.26%
4
Toshimasa ISHIBASHI
3.91%
5
Rakuten Securities, Inc.
3.45%
6
Ueda Yagi Tanshi Co., Ltd.
2.92%
7
Dai Nippon Printing Co.,Ltd.
2.34%
8
Toru EII
0.95%
9
KaizenPlatform Employee Stock Ownership Association
0.73%
10
MATSUI SECURITIES CO.,LTD.
0.67%
Management
7 officers
Kenji SUDO
Representative Director, Executive Officer, CEO
Apr 2003: Joined Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) Apr 2011: Head of Ad Optimization Promotion Office, Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) Mar 2013: Established KAIZEN platform Inc. Jul 2013: Assumed office as Co-founder & CEO, KAIZEN platform Inc. Apr 2017: Established the Company; assumed office as Director Apr 2017: Assumed office as President, Kaizen Platform USA, Inc. (current) Jun 2017: Assumed office as Representative Director, the Company Jan 2019: Assumed office as Representative Director and Executive Officer, the Company Mar 2021: Assumed office as Representative Director, Executive Officer, CEO, the Company (current) Jan 2026: Assumed office as Representative Director, Kaizen AIX Consulting Co., Ltd. (current)
1980-04-19
Hajime TAKASAKI
Director, Executive Officer, CFO
Apr 2002: Joined Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) Jan 2012: Joined Macromill, Inc. Jul 2012: Executive Officer, Head of Corporate Strategy Office, Macromill, Inc. Oct 2013: Senior Executive Officer, Head of Corporate Strategy Office and in charge of Accounting & Finance Division, Macromill, Inc. Mar 2019: Joined the Company Jun 2019: Assumed office as Executive Officer, the Company Mar 2021: Assumed office as Director, Executive Officer, CFO, the Company (current) Aug 2022: Assumed office as Director, D-Zero Co., Ltd. (current) Jan 2026: Assumed office as Director, Kaizen AIX Consulting Co., Ltd. (current)
1978-07-01
Masanori SUGIYAMA
Director
Sep 1989: Assumed office as Director, Dial Q Network Co., Ltd. Jun 1991: Assumed office as Director, Tokuma Intelligence Network Co., Ltd. Jun 2000: Joined Index Corporation Mar 2004: Assumed office as Representative Director and President, Zappallas, Inc. Aug 2009: Assumed office as Outside Director, Nikkatsu Corporation (current) Jun 2011: Assumed office as Representative Director and President, Synphonie Inc. (now enish Inc.) Jun 2014: Assumed office as Outside Director, Jiban Net Holdings Co., Ltd. Aug 2018: Assumed office as Outside Director, Autonomous Control Systems Laboratory Ltd. (now ACSL Ltd.) Apr 2019: Assumed office as Outside Director, ROXX Co., Ltd. (current) Aug 2020: Assumed office as Outside Director, the Company (current) Aug 2024: Assumed office as Outside Director, Axelspace Holdings, Inc. (current)
1965-04-16
Akiko SUGINOHARA
Director
Apr 2010: Joined GAIAX Co., Ltd. Oct 2014: Assumed office as Director, Head of Administration Division, Adish Co., Ltd. Mar 2020: Assumed office as Director in charge of Organizational Strategy Office, Adish Co., Ltd. Jan 2021: Assumed office as Director, Adish Co., Ltd. Apr 2021: Assumed office as COO, Minna no Code (NPO) May 2021: Assumed office as Outside Director, Slogan Co., Ltd. (current) Mar 2022: Assumed office as Outside Director, the Company (current) Jul 2025: Assumed office as Representative Director, Minna no Code (NPO) (current)
1986-11-20
Kaori ODA
Full-time Corporate Auditor
Oct 2001: Joined Asahi Audit Corporation (now Ernst & Young ShinNihon LLC) Mar 2012: Assumed office as Outside Corporate Auditor, Ortplus Inc. Oct 2015: Assumed office as Outside Corporate Auditor, L.M.G. Co., Ltd. (now Rabble Marketing Group Co., Ltd.) Jul 2018: Assumed office as Outside Corporate Auditor, the Company Jan 2019: Assumed office as Outside Corporate Auditor, Goodcom Asset Co., Ltd. Jan 2022: Assumed office as Outside Director, Goodcom Asset Co., Ltd. (current) Dec 2024: Assumed office as Outside Corporate Auditor, PRONI Inc. (current)
1972-05-13
Eriko HAYASHI
Corporate Auditor
Oct 2001: Joined Oebashi LPC & Partners (Attorneys at Law Corporation) Jan 2010: Assumed office as Partner, Oebashi LPC & Partners Mar 2019: Assumed office as Outside Corporate Auditor, the Company (current) Nov 2019: Assumed office as Head of Eri Law Office (current) Dec 2019: Assumed office as Outside Director, Change Inc. (now Change Holdings, Inc.) Aug 2021: Assumed office as Representative Partner, ERIO (current) Jun 2022: Assumed office as Outside Director, Rohto Pharmaceutical Co., Ltd. (current)
1976-08-14
Tomokazu IMAI
Corporate Auditor
Dec 2010: Joined Kuribayashi Sogo Law Office Feb 2013: Joined Shimizu Sunao Law Office Feb 2013: Assumed office as Director, Wilshire Corporation Co., Ltd. (current) Jul 2016: Assumed office as Outside Corporate Auditor, L.M.G. Co., Ltd. (now Rabble Marketing Group Co., Ltd.) (current) Jul 2017: Assumed office as Representative Director, Finess Consulting Co., Ltd. (current) Mar 2018: Opened Imai Sekiguchi Law Office (now Heki Law Office); Representative Attorney (current) Jan 2020: Assumed office as External Member, Compliance Committee, Roadster Capital Co., Ltd. Jun 2021: Assumed office as Outside Corporate Auditor, Rakuraku Holdings Co., Ltd. (current) Mar 2024: Assumed office as Outside Corporate Auditor, the Company (current)
1977-12-08
Large Shareholding Reports
Naoki KURODA
2026-09-02
—
SBI SECURITIES Co., Ltd.
2026-09-01
11.07%→9.85%
Annual report (as of 2026-06-30): 14.34%
Rakuten Securities, Inc.
2026-07-23
5.39%→2.98%
Annual report (as of 2026-06-30): 3.45%
SBI Securities Co., Ltd.
2026-07-07
14.00%→11.07%
Annual report (as of 2026-06-30): 14.34%
SBI Securities Co., Ltd.
2026-07-02
10.85%→14.00%
Annual report (as of 2026-06-30): 14.34%
SBI Securities Co., Ltd.
2026-06-25
10.65%→10.85%
Annual report (as of 2026-06-30): 14.34%
Naoki KURODA
2026-06-23
8.43%→9.52%
SBI Securities Co., Ltd.
2026-06-19
10.66%→10.65%
Annual report (as of 2026-06-30): 14.34%
SBI Securities Co., Ltd.
2026-06-18
9.24%→10.66%
Annual report (as of 2026-06-30): 14.34%
Naoki KURODA
2026-06-03
7.36%→8.43%
SBI Securities Co., Ltd.
2026-05-12
8.78%→9.24%
Annual report (as of 2026-06-30): 14.34%
SBI Securities Co., Ltd.
2026-04-21
8.07%→8.78%
Annual report (as of 2026-06-30): 14.34%
Rakuten Securities, Inc.
2026-03-23
5.21%→5.39%
Annual report (as of 2026-06-30): 3.45%
Naoki KURODA
2026-02-27
6.08%→7.36%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Naoki KURODA
2026-02-25
6.08%→7.36%
Naoki KURODA
2026-02-18
6.08%→7.02%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Naoki KURODA
2026-02-16
6.08%→7.02%
Rakuten Securities, Inc.
2026-02-06
6.24%→5.21%
Annual report (as of 2026-06-30): 3.45%
SBI Securities Co., Ltd.
2026-01-13
10.93%→8.07%
Annual report (as of 2026-06-30): 14.34%
SBI Securities Co., Ltd.
2026-01-07
6.77%→10.93%
Annual report (as of 2026-06-30): 14.34%
Naoki KURODA
2025-12-16
5.00%→6.08%
Naoki KURODA
2025-12-03
5.00%→6.08%
Naoki KURODA
2025-08-25
5.00%
Correction filing (name/detail fix only) — ratio carried over from the original filing
SBI Securities Co., Ltd.
2025-08-22
5.60%→6.77%
Annual report (as of 2026-06-30): 14.34%
Naoki KURODA
2025-08-12
5.00%
Disclosures
No disclosures
Primary Source Filings
EDINETAmended
2026-09-02
Change Report
EDINET
2026-09-01
Large Shareholding Report
TDnet
2026-08-14
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
EDINET
2026-07-23
Large Shareholding Report
EDINET
2026-07-07
Large Shareholding Report
EDINET
2026-07-02
Large Shareholding Report
EDINET
2026-06-25
Large Shareholding Report
EDINET
2026-06-23
Large Shareholding Report
EDINET
2026-06-19
Large Shareholding Report
EDINET
2026-06-18
Large Shareholding Report
EDINET
2026-06-03
Large Shareholding Report
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-05-12
Large Shareholding Report
EDINET
2026-04-21
Large Shareholding Report
EDINET
2026-03-30
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-03-23
Large Shareholding Report
EDINETAmended
2026-02-27
Change Report
EDINET
2026-02-25
Large Shareholding Report
EDINETAmended
2026-02-18
Change Report
EDINET
2026-02-16
Large Shareholding Report
EDINET
2026-02-06
Large Shareholding Report
EDINET
2026-01-13
Large Shareholding Report
EDINET
2026-01-07
Large Shareholding Report
EDINETAmended
2025-12-16
Change Report
EDINET
2025-12-03
Large Shareholding Report
TDnet
2025-11-13
Q3 Earnings Flash
FY ending Dec 2025
EDINETAmended
2025-08-25
Change Report
EDINET
2025-08-22
Large Shareholding Report
EDINET
2025-08-14
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
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