Overview
Services

Ray Corporation

Ray Co., Ltd. is a Japan-based advertising and video production group that operates through two core segments: Advertising Solutions and Technical Solutions. The Advertising Solutions segment provides end-to-end planning and production services for sales promotions, events, exhibitions, trade shows, and TV commercials, primarily serving clients and advertising agencies. The Technical Solutions segment owns digital video editing studios and AV equipment rental infrastructure, offering integrated production services from shooting through post-production as well as rental and operation of video systems for events, concerts, and conferences.

Market Cap
¥7.70B
US$49.1M
EV
¥5.28B
US$33.7M
Stock¥585▼-2.66%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.3
x
LTM EV/EBIT
3.3
x
LTM PER
6.5
x
LTM PBR
1.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-32.4%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
7.70BUS$49.1MMarket Cap0.53BUS$3.38M+ Debt2.55BUS$16.2M− Cash0.40BUS$2.52M− Inv. Sec.5.28BUS$33.7MEV
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Performance & Balance
Revenue 5Y (¥B)
11.1US$70.5M'22/212.5US$79.4M'23/211.2US$71.6M'24/210.5US$66.7M'25/213.4US$85.6M'26/2
EBITDA 5Y (¥B)
1.44US$9.20M'22/21.87US$11.9M'23/21.61US$10.3M'24/21.45US$9.24M'25/22.43US$15.5M'26/2
Net Income 5Y (¥B)
0.42US$2.67M'22/20.72US$4.56M'23/20.82US$5.22M'24/20.75US$4.75M'25/21.30US$8.31M'26/2
Capital Structure
94%
EquityD/E 0.07xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
3.68US$23.5M2.05US$13.1M'22/23.22US$20.6M1.29US$8.25M'23/22.99US$19.1M1.02US$6.48M'24/23.11US$19.8M0.77US$4.91M'25/23.43US$21.9M0.56US$3.59M'26/2
Shareholders
Top 10 hold 65.6%
1
TV Asahi Corporation
21.69%
2
S.W. Project Ltd.
16.00%
3
Hideo WAKEBE
8.31%
4
SBI SECURITIES Co., Ltd.
4.97%
5
Ray Corporation Employee Stock Ownership Association
3.45%
6
Shigenori KONUMA
3.19%
7
Shiro WAKEBE
3.16%
8
Jun AMANO
1.72%
9
Ryohei ISHII
1.63%
10
Custody Bank of Japan, Ltd. (Trust Account)
1.45%
Management
8 officers
Yoichi ISOBE
Representative Director, President
Jun 1987 Joined the Company Mar 2010 Senior Team Leader, Promotion Business Division, T.C. Max Co., Ltd. (now Kray Co., Ltd.) Feb 2014 Managing Director, Shanghai Guangquan Huizhan Co., Ltd. Jun 2018 General Manager, Produce Department 2, Communication Design Business Division, the Company Mar 2021 General Manager, Communication Design Business Division, the Company Mar 2023 General Manager, Administration Unit, the Company Aug 2023 Director, the Company Mar 2026 Representative Director, President, the Company (current)
1966-07-04
Shiro WAKEBE
Director
Jun 1981 Founded the Company; Director Nov 1991 Representative Director, Executive Vice President, the Company Nov 2007 Director, the Company Nov 2008 Representative Director, Executive Vice President, the Company Sep 2009 Representative Director, President, the Company Mar 2026 Director, the Company (current)
1957-08-26
Jun AMANO
Director
Apr 1985 Joined the Company Mar 2007 Group Manager, Account Group, Wiz Brain Co., Ltd. (now Communication Design Business Division of the Company) Mar 2013 General Manager, Communication Design Business Division, the Company Mar 2014 Executive Officer, in charge of Communication Design Business Division, the Company Mar 2018 Executive Officer, in charge of Event Business Division, the Company May 2018 Director and Executive Officer, in charge of Event Business Division, the Company Mar 2023 Director and Executive Officer, Administration Unit, the Company (current) May 2023 Representative Director, President, Kray Co., Ltd. (current)
1963-02-24
Takahiro KONAI
Director
Apr 1990 Joined the Company Mar 2007 Senior Team Leader, Solutions Group, Prent Co., Ltd. (now the Company) Mar 2008 Group Manager, Solutions Group, Prent Co., Ltd. Mar 2009 General Manager, Show Technical Sales Department, Prent Unit, Mac Ray Co., Ltd. (now the Company) Mar 2021 General Manager, Event Business Division, the Company Mar 2023 Executive Officer, Show Technical Unit, the Company May 2025 Director and Executive Officer, Show Technical Unit, the Company (current)
1969-07-03
Sachiko FUJIMOTO
Director
Apr 1990 Joined Zenkoku Asahi Broadcasting Co., Ltd. (now TV Asahi Holdings Corporation) Jul 2014 General Manager, Media Marketing Department, Sales Division, TV Asahi Corporation Jul 2016 General Manager, Sales Department, Sales Division, TV Asahi Corporation Jul 2018 Deputy General Manager, Sales Division, and General Manager, Sales Department, TV Asahi Corporation Jul 2019 Deputy General Manager, Sales Division, TV Asahi Corporation Jul 2020 Deputy General Manager, Business Produce Bureau, Business Solutions Division, and General Manager, Rights Management Center, TV Asahi Corporation Jul 2021 General Manager, Business Produce Bureau, Business Solutions Division, TV Asahi Corporation Dec 2021 General Manager, Business Produce Bureau, and Deputy General Manager, SDGs Promotion Office, TV Asahi Corporation May 2024 Director, the Company (current) Jun 2024 Director, TV Asahi Corporation (current)
1967-07-03
Masahiko SUGIURA
Full-time Corporate Auditor
Apr 1982 Joined Mitsubishi Corporation Oct 1995 General Manager, Corporate Planning Office, Mitsubishi Office Machinery Co., Ltd. (now Tata Consultancy Services Japan Ltd.) Apr 2002 Unit Manager, Education and Information Services Unit, Mitsubishi Corporation Apr 2005 Vice President, Mitsubishi International Corporation (U.S.A.) Jul 2009 Unit Manager, Overseas and BPO Business Unit, Mitsubishi Corporation Nov 2014 Joined the Company; General Manager, Corporate Planning Office Mar 2018 Executive Officer, assistant in charge of Administration Division, and General Manager, Corporate Planning Office, the Company Mar 2019 Executive Officer, in charge of Administration Division, the Company May 2019 Director and Executive Officer, in charge of Administration Division, the Company Mar 2023 Director, the Company Aug 2023 Adviser, the Company May 2024 Corporate Auditor, the Company (current)
1958-10-03
Naoki KANZAKI
Corporate Auditor
Apr 1978 Registered as attorney-at-law (Daiichi Tokyo Bar Association) Jan 1990 Sato & Kanzaki Law Office Sep 1998 Akasaka Sanno Law Office Feb 2004 Corporate Auditor, Kawaguchi Chemical Industry Co., Ltd. Aug 2010 Attorney-at-law, Naoki Kanzaki Law Office (current) May 2012 Corporate Auditor, the Company (current)
1950-03-08
Naoji KOBAYASHI
Corporate Auditor
Apr 1998 Joined Zenkoku Asahi Broadcasting Co., Ltd. (now TV Asahi Holdings Corporation) Jul 2014 General Manager, Corporate Strategy Department, Corporate Strategy Bureau, TV Asahi Holdings Corporation; General Manager, Corporate Strategy Department, Corporate Strategy Bureau, TV Asahi Corporation Jul 2018 Deputy General Manager, Corporate Strategy Bureau, TV Asahi Holdings Corporation Jul 2019 General Manager, Accounting Bureau, TV Asahi Holdings Corporation; General Manager, Accounting Bureau, TV Asahi Corporation Jun 2021 General Manager, Accounting Bureau, with director-equivalent status, TV Asahi Corporation May 2024 Corporate Auditor, the Company (current) Jun 2024 Corporate Auditor, TV Asahi Corporation (current)
1962-12-25
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-15
Semi-Annual Securities Report
Period: Mar 2026 – Feb 2027
TDnet
2026-07-14
Q1 Earnings Flash
EDINET
2026-05-29
Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2026-01-13
Q3 Earnings Flash
EDINET
2025-10-15
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2025-07-14
Q1 Earnings Flash
EDINET
2025-05-30
Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2025-01-14
Q3 Earnings Flash
EDINET
2024-10-15
Semi-Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINET
2024-07-16
Quarterly Securities Report
Period: Mar 2024 – May 2024
TDnet
2024-07-12
Q1 Earnings Flash
EDINET
2024-05-30
Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINET
2024-01-15
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-13
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINETAmended
2023-07-18
Amended Annual Securities Report
Period: Mar 2022 – Feb 2023
EDINET
2023-07-14
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINETAmended
2023-06-30
Amended Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2023-06-30
Annual Securities Report
Period: Mar 2022 – Feb 2023
EDINETAmended
2023-06-30
Amended Quarterly Securities Report
Period: Jun 2022 – Aug 2022
EDINETAmended
2023-06-30
Amended Quarterly Securities Report
Period: Mar 2022 – May 2022
EDINETAmended
2023-06-30
Amended Quarterly Securities Report
Period: Sep 2021 – Nov 2021
EDINETAmended
2023-06-30
Amended Annual Securities Report
Period: Mar 2021 – Feb 2022
EDINET
2023-01-13
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-14
Quarterly Securities Report
EDINET
2022-07-15
Quarterly Securities Report
EDINET
2022-05-30
Annual Securities Report
EDINET
2022-01-14
Quarterly Securities Report
EDINET
2021-10-15
Quarterly Securities Report
EDINET
2021-07-15
Quarterly Securities Report
EDINETAmended
2021-06-01
Amended Annual Securities Report
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