Overview
Information & Communication

Appirits Inc.

Appirits Inc. is a Japan-based digital technology company operating across three segments: Web Solution, Digital Human Resource Development & Staffing, and Online Game. The Web Solution segment provides end-to-end EC site development, web system development, AWS-based cloud integration, SaaS products (e.g., Advantage Search, Push Tracker), digital marketing, UI/UX design, and security diagnostic services to corporate clients on a one-stop basis. The Online Game segment handles planning, development, and operation of both proprietary and partner-commissioned smartphone and PC online games, while the staffing segment deploys digital engineers and creators to client organizations.

Market Cap
¥4.38B
US$27.9M
EV
¥4.59B
US$29.3M
Stock¥1,076▼-6.84%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
2.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+34.6%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Sep 10, 26FY01/27 guidance raised: operating profit ¥228M→¥462M, H1 swings to profit
2Sep 15, 26Q2 earnings: H1 operating profit turns positive to ¥170mn (FY OP revised up to ¥462mn); interim dividend announced
3Sep 28, 26FY01/27 guidance raised: operating profit to ¥462M from ¥228M, H1 swung to profit
MC → EV Bridge
4.38BUS$27.9MMarket Cap2.21BUS$14.1M+ Debt1.99BUS$12.7M− Cash0.02BUS$0.13M− Inv. Sec.4.59BUS$29.3MEV
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Performance & Balance
Revenue 5Y (¥B)
4.80US$30.6M'22/17.32US$46.7M'23/18.43US$53.7M'24/19.01US$57.4M'25/19.96US$63.5M'26/1
EBITDA 5Y (¥B)
0.26US$1.64M'22/10.52US$3.35M'23/10.70US$4.46M'24/10.25US$1.57M'25/1-0.26-US$1.69M'26/1
Net Income 5Y (¥B)
0.11US$0.70M'22/10.21US$1.34M'23/10.39US$2.46M'24/10.05US$0.29M'25/1-0.47-US$2.97M'26/1
Capital Structure
45%
55%
EquityD/E 1.23xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.44US$9.18M0.31US$1.99M'22/11.82US$11.6M0.61US$3.87M'23/11.74US$11.1M0.80US$5.09M'24/12.29US$14.6M1.77US$11.3M'25/12.14US$13.6M1.87US$11.9M'26/1
Shareholders
Top 10 hold 65.3%
1
ATGC Co., Ltd.
38.21%
2
Cryptomeria Co., Ltd.
5.91%
3
Koichi UOTANI
5.88%
4
Junji WADA
5.56%
5
Appirits Inc. Employee Stock Ownership Association
2.31%
6
Shinya KASATANI
1.97%
7
Rakuten Securities, Inc.
1.82%
8
Shigeru TANAKA
1.28%
9
Hiromichi YAGI
1.18%
10
Hideki TOMITA
1.14%
Management
8 officers
Junji WADA
Representative Director, President, Executive Officer and CEO
Apr 1993 Joined Fujitsu Ltd. Apr 2000 Joined Flex Farm Co., Ltd. (now KSK Co., Ltd.) May 2004 Joined Sumisho Admi Service Co., Ltd. Dec 2005 Joined the Company Apr 2007 Executive Officer of the Company Sep 2009 Executive Vice President and Executive Officer of the Company Apr 2010 Director, Executive Vice President and Executive Officer of the Company Apr 2011 Director, Executive Vice President and COO of the Company Apr 2014 Representative Director, President, Executive Officer and CEO of the Company (current) Jan 2022 Director, Moving Crew Co., Ltd. Jul 2022 Director, Y's Co., Ltd. (current) Jun 2024 Director, Bee2B Co., Ltd. (current) Oct 2024 Director, Quail Co., Ltd. (current) Aug 2025 Director, Appirits Fan Culture Partner Co., Ltd. (current)
1975-01-03
Hiroki NAKADATE
Director, Executive Officer and CSO
Apr 2009 Joined Sanyo Shokai Ltd. Apr 2011 Joined Good Staff Co., Ltd. (now DEITA Co., Ltd.) May 2011 General Affairs Section Manager, Good Staff Co., Ltd. Nov 2012 Joined Y's Co., Ltd. as General Affairs Section Manager Apr 2013 Director and Executive Vice President, Y's Co., Ltd. Apr 2020 Director and CEO, Y's Co., Ltd. Jul 2022 Director and Executive Vice President, Y's Co., Ltd. (current) Mar 2025 Director, Moving Crew Co., Ltd. Apr 2025 Director, JUTJOY Co., Ltd. (current) Apr 2025 Director, Executive Officer and CSO of the Company (current) Oct 2025 Audit & Supervisory Board Member, Bee2B Co., Ltd. (current) Oct 2025 Audit & Supervisory Board Member, Quail Co., Ltd. (current)
1986-11-26
Shinichi KITAGAMI
Director
Apr 1981 Joined Nihon Kotsu Kosha Co., Ltd. (now JTB Corp.) Apr 2006 President, i.JTB Corp. (former) Oct 2008 Vice President, JTB Information Systems Co., Ltd. (now I&J Digital Innovation Inc.) Feb 2011 Managing Director, JTB Business Innovators Co., Ltd. Apr 2011 Part-time Lecturer, Faculty of Urban Life Studies, Tokyo City University (concurrent) Apr 2018 Project Professor, Faculty of Management and Information Systems, University of Shizuoka; Project Professor, Graduate School of Management and Information Innovation Apr 2023 Visiting Professor, Faculty of Management and Information Systems, University of Shizuoka (current) Apr 2023 Director of the Company (current)
1957-10-20
Mayu SHONO
Director
Mar 2014 Representative Director, Happy Kira Factory Co., Ltd. (current) Apr 2019 Project Assistant Professor, Graduate School, Keio University Jul 2020 Joined Persol Career Co., Ltd. (current) Mar 2021 Outside Director, Gaiax Co., Ltd. (current) Apr 2023 Director of the Company (current)
1991-08-22
Masaaki UCHIDA
Director
Apr 1994 Joined Sanwa Bank, Ltd. (now MUFG Bank, Ltd.) Apr 2000 Joined Ascot Corp. Apr 2001 Established Office Uchida Co., Ltd.; Representative Director (current) Dec 2001 Secretary General, Japan Venture Council Apr 2004 Representative Director, Shushoku-ka Co., Ltd. Sep 2004 Launched "Gakusei Shimbun" (student newspaper) Jun 2014 Established TOP CONNECT Co., Ltd.; Representative Director (current) Apr 2021 Launched "Chukosei Shimbun" (junior and senior high school newspaper) Oct 2021 Launched "Shogakusei Shimbun" (elementary school newspaper) Apr 2026 Director of the Company (current)
1970-09-08
Jun MIHARA
Full-time Audit & Supervisory Board Member
Apr 1982 Joined Daiei, Inc. Sep 1997 Representative Director, Saknos Co., Ltd. Jul 2005 Joined the Company Apr 2007 Executive Officer and Head of President's Office of the Company Apr 2008 Director, Executive Officer and CFO of the Company Sep 2009 Representative Director, President and Managing Executive Officer of the Company Jan 2010 Director, SBI Navi Co., Ltd. (now Naviplus Co., Ltd.) Apr 2010 Representative Director, President and Executive Officer of the Company Apr 2011 Representative Director, President, Executive Officer and CEO of the Company Apr 2014 Audit & Supervisory Board Member of the Company (current)
1959-07-03
Naohiro ISHIGAMI
Audit & Supervisory Board Member
Apr 1984 Joined Ministry of Labour (now Ministry of Health, Labour and Welfare) Apr 1997 Registered as attorney-at-law; opened Ishigami Law Office Sep 2001 Supervisory Executive, ORIX JREIT Inc. Oct 2002 Opened Ishigami Ikeda Law Office Mar 2013 Opened Ishigami Law Office (current) Apr 2015 Audit & Supervisory Board Member of the Company (current) Feb 2016 Director (Audit and Supervisory Committee Member), Kawaguchi Chemical Industry Co., Ltd. (current)
1960-02-12
Eisuke ITO
Audit & Supervisory Board Member
Apr 2001 Joined Chuo Aoyama Audit Corporation Jul 2005 Ito Accounting Office (current) May 2007 Audit & Supervisory Board Member, Hachimenroppi Co., Ltd. (current) Jun 2008 Audit & Supervisory Board Member, Seesaa Inc. Mar 2013 Audit & Supervisory Board Member, Live Revolution Inc. (current) Jun 2013 Audit & Supervisory Board Member, Market Enterprise Inc. (current) Nov 2014 Audit & Supervisory Board Member, Mobile Factory Inc. Dec 2014 Audit & Supervisory Board Member, Robot Start Inc. Apr 2015 Audit & Supervisory Board Member of the Company (current) Sep 2018 Audit & Supervisory Board Member, Kinsai Shoji Co., Ltd. Mar 2022 Director (Audit and Supervisory Committee Member), Mobile Factory Inc. (current)
1978-07-24
Large Shareholding Reports
ATGC Co., Ltd.
2025-11-17
41.11%→37.12%
Annual report (as of 2026-07-31): 38.21%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-14
Semi-Annual Securities Report
Period: Feb 2026 – Jan 2027
TDnet
2026-09-14
Q2 Earnings Flash
FY ending Jan 2027
TDnet
2026-06-12
Q1 Earnings Flash
FY ending Jan 2027
EDINET
2026-04-28
Annual Securities Report
Period: Feb 2025 – Jan 2026
TDnet
2025-12-12
Q3 Earnings Flash
FY ending Jan 2026
EDINET
2025-11-17
Large Shareholding Report
EDINET
2025-09-12
Semi-Annual Securities Report
Period: Feb 2025 – Jan 2026
TDnet
2025-06-13
Q1 Earnings Flash
FY ending Jan 2026
EDINET
2025-04-25
Annual Securities Report
Period: Feb 2024 – Jan 2025
TDnet
2024-12-13
Q3 Earnings Flash
FY ending Jan 2025
EDINET
2024-09-13
Semi-Annual Securities Report
Period: Feb 2024 – Jan 2025
EDINET
2024-06-14
Quarterly Securities Report
Period: Feb 2024 – Apr 2024
TDnet
2024-06-14
Q1 Earnings Flash
FY ending Jan 2025
EDINET
2024-04-25
Annual Securities Report
Period: Feb 2023 – Jan 2024
EDINET
2023-12-15
Quarterly Securities Report
Period: Aug 2023 – Oct 2023
EDINET
2023-09-14
Quarterly Securities Report
Period: May 2023 – Jul 2023
EDINET
2023-06-13
Quarterly Securities Report
Period: Feb 2023 – Apr 2023
EDINET
2023-04-27
Annual Securities Report
Period: Feb 2022 – Jan 2023
EDINET
2022-12-15
Quarterly Securities Report
EDINET
2022-09-13
Quarterly Securities Report
EDINET
2022-06-14
Quarterly Securities Report
EDINET
2022-04-26
Annual Securities Report
EDINET
2021-12-14
Quarterly Securities Report
EDINET
2021-09-14
Quarterly Securities Report
EDINET
2021-06-11
Quarterly Securities Report
EDINET
2021-04-30
Annual Securities Report
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