Overview
Information & Communication

BPLATS,Inc.

Bplats provides subscription management platforms and related SaaS solutions to enterprises undergoing digital transformation in Japan. Its flagship product, Bplats®, is an integrated subscription platform covering front-end sales, contract management, billing/invoicing, and ecosystem (multi-tier distribution) functions, serving clients such as Bridgestone, Kyocera, Konica Minolta, and Dell Technologies. The company also offers Sabukan® for corporate SaaS contract management, SaaSplats® as a B2B SaaS marketplace, and Bplats® Collabo for optical fiber (hikari collaboration) telecom operators, with a growing focus on monetization support for generative AI service providers.

Market Cap
¥0.76B
US$4.85M
EV
¥0.89B
US$5.70M
Stock¥227▼-2.58%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
4.1
x
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
NM
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-79.4%pt
1001234
Oct 24, 25 – Oct 23, 26StockTOPIX
1Apr 1, 26Growth Partners filed amendment report (40.64%, -1.0%)
2Aug 12, 26Q1 FY3/27 turns operating profit positive, progress on resolving capital deficiency, stock hits limit-up
3Sep 4, 26Growth Partners & Tokuatsu Furukawa filed changes to large shareholding report (Sep 2 & Aug 31)
4Oct 16, 26Announced AI Adoption Consortium membership expanded to 15 companies
MC → EV Bridge
0.76BUS$4.85MMarket Cap0.38BUS$2.39M+ Debt0.24BUS$1.54M− Cash0.00BUS$0.00M− Inv. Sec.0.89BUS$5.70MEV
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Performance & Balance
Revenue 5Y (¥B)
0.81US$5.15M'22/30.95US$6.03M'23/30.90US$5.72M'24/30.71US$4.50M'25/30.73US$4.64M'26/3
EBITDA 5Y (¥B)
0.25US$1.61M'22/30.30US$1.94M'23/30.11US$0.69M'24/30.04US$0.28M'25/30.15US$0.93M'26/3
Net Income 5Y (¥B)
0.01US$0.06M'22/30.18US$1.16M'23/3-0.10-US$0.63M'24/3-0.30-US$1.90M'25/3-0.93-US$5.90M'26/3
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
0.25US$1.57M0.42US$2.70M'22/30.40US$2.55M0.54US$3.48M'23/30.28US$1.80M0.63US$4.00M'24/30.07US$0.43M0.70US$4.44M'25/30.29US$1.86M0.41US$2.60M'26/3
Shareholders
Top 10 hold 51.7%
1
Tokyo Century Corporation
25.78%
2
GP Listed Company Investment Limited Partnership
6.91%
3
Akira SHINOZAKI
4.53%
4
TKS Asset Management Co., Ltd.
3.43%
5
Kenji FUJITA
3.04%
6
Takuma MIYAZAKI
2.48%
7
Networld Inc.
2.17%
8
Katsutoshi SHIBUMI
1.23%
9
TKS Partners Co., Ltd.
1.10%
10
Shoichi HANAWA
1.05%
Management
10 officers
Kenji FUJITA
Representative Director, President
Apr 1992 Joined Mitsui & Co., Ltd. Jul 2002 Established License Online Co., Ltd. (then a 100%-owned subsidiary of Mitsui & Co., Ltd.); Representative Director, President Nov 2006 Established the Company; Representative Director, President (current) Jul 2008 Director, TKS Partners Co., Ltd. (current) Apr 2019 Director, Subscription Research Institute Co., Ltd. (current) Jan 2020 Director, TKS Asset Management Co., Ltd. (current)
1969-08-22
Takuma MIYAZAKI
Director and Vice President
Apr 1998 Joined Sony Corporation Jul 2005 Joined License Online Co., Ltd. Jan 2007 Director, the Company Jun 2018 Director and Vice President, the Company (current) Apr 2019 Representative Director, President, Subscription Research Institute Co., Ltd. (current)
1972-08-03
Junichi ITO
Director and Vice President
Apr 1987 Joined Dai-Ichi Kangyo Bank, Ltd. (now Mizuho Bank, Ltd.) Jul 2013 Deputy General Manager, Sales Department No. 2, Mizuho Bank, Ltd. Apr 2016 Joined Tokyo Century Lease Co., Ltd. (now Tokyo Century Corporation); General Manager, Auto Business Department No. 1 Apr 2018 Managing Director, TC Business Services Co., Ltd. Jul 2018 Executive Officer, Accounting, Administration Division, U.M.C. Electronics Co., Ltd. Jun 2019 Director, the Company Apr 2020 Director, Subscription Research Institute Co., Ltd. (current) Jun 2021 Director and Vice President, the Company (current)
1963-12-14
Shoichi HANAWA
Director
Apr 2000 Joined Twintech Inc. Aug 2002 Joined License Online Co., Ltd. Jul 2008 Joined the Company Mar 2016 Executive Officer, the Company Jun 2017 Director, the Company (current)
1978-01-07
Dai TERUNUMA
Outside Director
May 1991 Joined Andersen Consulting (now Accenture Japan Ltd.) Sep 1995 Joined Prestige International Inc. Jul 1998 Joined Japan Venture Capital Co., Ltd. Jul 2008 Outside Director, the Company Jun 2014 Executive Officer, Japan Venture Capital Co., Ltd. Apr 2018 Outside Director, Kotozna Inc. (current) Dec 2020 Outside Director, Camera B Co., Ltd. (now GOOPASS Co., Ltd.) (current) Jun 2021 Managing Executive Officer, Japan Venture Capital Co., Ltd. Jun 2022 Outside Director, the Company (current) Sep 2022 Director, General Incorporated Association NOHL (current) Jan 2023 Outside Director, Puzzle Ring Inc. (current)
1968-01-22
Koji YOSHIDA
Outside Director
Apr 1991 Joined Century Leasing System Co., Ltd. (now Tokyo Century Corporation) Apr 2009 Deputy General Manager, Information Equipment Department No. 1, Tokyo Century Lease Co., Ltd. (now Tokyo Century Corporation) Apr 2016 General Manager, Information Equipment Department No. 1, the same company Oct 2016 General Manager, Information Equipment Department No. 1, Tokyo Century Corporation Apr 2023 Director, General Manager, Sales Division No. 3, Tokyo Century Corporation Apr 2023 Director, FLCS Co., Ltd. (current) Apr 2024 Executive Officer, Tokyo Century Corporation (current) Jun 2024 Outside Director, the Company (current)
1968-06-15
Tokuatsu FURUKAWA
Director
Apr 2007 Joined McKinsey & Company, Inc. Japan Jul 2010 Joined Advantage Partners LLP (now Advantage Partners, Inc.) Dec 2014 Outside Director, Pixela Corporation Jan 2018 Director, seconded to Advantage Advisors Co., Ltd. Jun 2019 Outside Director, E-Store Inc. Oct 2019 Outside Director, Hiramatsu Inc. Mar 2020 Outside Director, Arkland Service Holdings Co., Ltd. Mar 2020 Outside Director, Japan Power Fastening Co., Ltd. Jun 2020 Director and Partner, Advantage Advisors Co., Ltd. Sep 2022 Representative Director, Growth Partners Co., Ltd. (current) Jan 2023 Outside Director, Pro-Red Partners Inc. Feb 2023 Outside Director, GRCS Inc. May 2024 Outside Director, Takakyu Co., Ltd. (current) Jun 2024 Outside Director, Lancers Inc. (current) Nov 2024 Outside Director, MV Holdings Inc. (current) Nov 2024 Outside Director, Merveille Inc. (current) Nov 2024 Outside Director, MV Marketing Inc. (current) Nov 2024 Outside Director, United Values Inc. (current) Jun 2025 Outside Director, the Company (current) Oct 2025 Outside Director, Via Holdings Inc. (current) Oct 2025 Outside Director, Y Corporation Co., Ltd. (current) Oct 2025 Outside Director, Y's Group Co., Ltd. (current) Oct 2025 Outside Director, Y's Reuse Co., Ltd. (current) Oct 2025 Outside Director, Prelas Inc. (current) Feb 2026 Outside Director, SaLaDa Inc. (current) Feb 2026 Outside Director, Hooome Inc. (current) May 2026 Outside Director, eLTES Inc. (current)
1981-05-01
Mitsuo OTA
Full-time Audit and Supervisory Board Member
Apr 1982 Joined Dai-Ichi Kangyo Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2002 Deputy General Manager, Planning Team, System Operations Department No. 2, Mizuho Bank, Ltd. May 2005 Chief Auditor, IT and Systems Audit Office, Audit Department, Mizuho Bank, Ltd. May 2007 Director, Shibuya Processing Center, System Operations Department, Mizuho Bank, Ltd. Jun 2010 Audit & Supervisory Board Member, Mizuho Information & Research Institute, Inc. (now Mizuho Research & Technologies, Ltd.) Sep 2012 General Manager, System Operations Department No. 1, the same company Oct 2016 General Manager, Platform Services Department No. 1, the same company May 2019 Office Head, Business Management Department, the same company Jun 2021 Outside Audit & Supervisory Board Member, the Company (current)
1959-05-24
Koichiro HIRATA
Audit and Supervisory Board Member
Apr 1990 Joined Yasuda Fire & Marine Insurance Co., Ltd. (now Sompo Japan Insurance Inc.) Oct 1992 Joined Tohmatsu & Co. (now Deloitte Tohmatsu LLC) Aug 1997 Joined Chuo Coopers & Lybrand Broad Advisors (now PwC Tax Japan) Aug 1999 Opened Hirata CPA Office; Director (current) May 2001 Established Advance One Co., Ltd.; Representative Director (current) Jul 2006 Outside Audit & Supervisory Board Member, Dears Brain Inc. Mar 2007 Outside Audit & Supervisory Board Member, Catalyst Inc. (current) Jul 2008 Outside Audit & Supervisory Board Member, the Company (current) Mar 2010 Outside Audit & Supervisory Board Member, Dai-Ichi Kankyo Co., Ltd. (current) Aug 2011 Outside Audit & Supervisory Board Member, BIJIN&Co. Inc. (current) Jun 2013 Outside Director (Audit and Supervisory Committee Member), Enbio Holdings Inc. (current) Jan 2014 Outside Audit & Supervisory Board Member, Lancers Inc. May 2014 Outside Audit & Supervisory Board Member, Catalysm Inc. (now Asobu Co., Ltd.) (current) May 2017 Director, Kowa Kosan Co., Ltd. (current) Jul 2017 Outside Audit & Supervisory Board Member, TIMERS Inc. (current) Sep 2017 Outside Audit & Supervisory Board Member, Every Inc. (current) May 2018 Outside Audit & Supervisory Board Member, Kakehashi Inc. (current) Sep 2019 Audit & Supervisory Board Member, Matsumoto Kosho Co., Ltd. (current) Oct 2020 Audit & Supervisory Board Member, Aru Inc. (current) Feb 2021 Audit & Supervisory Board Member, Techtouch Inc. (current) Mar 2021 Audit & Supervisory Board Member, Planetwork Inc. Jan 2024 Audit & Supervisory Board Member, SKYPROJECT Inc. (now Dears Brain Holdings Inc.) (current)
1967-11-05
Hiroyuki TANAKA
Audit and Supervisory Board Member
Oct 1992 Joined Tohmatsu & Co. (now Deloitte Tohmatsu LLC) Apr 1999 Registered as Attorney, Daiichi Tokyo Bar Association Apr 2001 Registered as Certified Public Accountant Nov 2004 Opened Tanaka Law, Accounting and Tax Office; Director (current) Nov 2005 Established TCP Co., Ltd.; Representative Director (current) Oct 2012 Audit & Supervisory Board Member, International Alloy Co., Ltd. (current) Oct 2013 Audit & Supervisory Board Member, elephant design Inc. (current) Dec 2014 Audit & Supervisory Board Member, Regimmune Inc. (current) Jan 2016 Outside Director (Audit and Supervisory Committee Member), User Local Inc. (current) Mar 2017 Outside Audit & Supervisory Board Member, the Company (current) Jun 2020 Outside Audit & Supervisory Board Member, Will Smart Inc. (current)
1970-10-22
Large Shareholding Reports
Akira SHINOZAKI
2026-10-06
5.97%→4.45%
Annual report (as of 2026-03-31): 4.53%
Growth Partners Inc.
2026-10-02
16.48%→15.98%
Akira SHINOZAKI
2026-10-02
8.29%→6.75%
Annual report (as of 2026-03-31): 4.53%
Akira SHINOZAKI
2026-10-02
6.75%→5.97%
Annual report (as of 2026-03-31): 4.53%
Growth Partners Co., Ltd.
2026-09-29
17.03%→16.48%
Akira SHINOZAKI
2026-09-25
8.29%→6.75%
Annual report (as of 2026-03-31): 4.53%
NOMURA INTERNATIONAL PLC
2026-09-24
7.14%
Growth Partners Co., Ltd.
2026-09-18
17.53%→17.03%
Growth Partners Co., Ltd.
2026-09-16
17.94%→17.53%
Tokuatsu FURUKAWA
2026-09-09
18.84%→17.94%
Tokuatsu FURUKAWA
2026-09-04
19.41%→18.84%
Tokuatsu FURUKAWA
2026-09-02
20.26%→19.41%
Growth Partners Co., Ltd.
2026-08-31
21.08%→20.26%
Growth Partners Co., Ltd.
2026-08-27
21.64%→21.08%
Growth Partners Co., Ltd.
2026-08-26
22.28%→21.64%
Tokuatsu FURUKAWA
2026-08-25
23.02%→22.28%
Tokuatsu FURUKAWA
2026-08-07
35.05%→33.67%
Norihiro Furukawa
2026-08-06
36.13%→35.05%
Tokuatsu FURUKAWA
2026-07-22
37.51%→37.20%
Growth Partners Co., Ltd.
2026-07-17
40.70%→37.51%
Growth Partners Co., Ltd.
2026-06-23
40.92%→40.70%
Tokuatsu FURUKAWA
2026-06-22
25.15%→40.92%
Growth Partners Co., Ltd.
2026-04-02
25.15%→24.81%
Tokuatsu FURUKAWA
2026-03-31
25.77%→25.15%
Growth Partners Co., Ltd.
2026-03-18
26.19%→25.77%
Growth Partners Co., Ltd.
2026-03-11
26.84%→26.19%
Tokuatsu FURUKAWA
2026-02-04
27.47%→26.84%
Tokuatsu FURUKAWA
2026-02-04
27.47%→26.84%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Growth Partners Co., Ltd.
2026-01-05
28.35%→27.47%
Tokuatsu FURUKAWA
2025-12-09
29.05%→28.35%
Tokuatsu FURUKAWA
2025-12-09
29.68%→29.05%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Tokuatsu FURUKAWA
2025-12-05
29.68%→29.05%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-06
Large Shareholding Report
EDINETAmended
2026-10-02
Change Report
EDINET
2026-10-02
Large Shareholding Report
EDINET
2026-10-02
Large Shareholding Report
EDINET
2026-09-29
Large Shareholding Report
EDINET
2026-09-25
Large Shareholding Report
EDINET
2026-09-24
Large Shareholding Report
EDINET
2026-09-18
Large Shareholding Report
EDINET
2026-09-16
Large Shareholding Report
EDINET
2026-09-09
Large Shareholding Report
EDINET
2026-09-04
Large Shareholding Report
EDINET
2026-09-02
Large Shareholding Report
EDINET
2026-08-31
Large Shareholding Report
EDINET
2026-08-27
Large Shareholding Report
EDINET
2026-08-26
Large Shareholding Report
EDINET
2026-08-25
Large Shareholding Report
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-08-07
Large Shareholding Report
EDINET
2026-08-06
Large Shareholding Report
EDINET
2026-07-22
Large Shareholding Report
EDINET
2026-07-17
Large Shareholding Report
EDINETAmended
2026-06-23
Change Report
EDINET
2026-06-22
Large Shareholding Report
EDINET
2026-06-18
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-29
Securities Registration Statement
TDnet
2026-05-29
株主総会招集通知
EDINET
2026-04-02
Large Shareholding Report
EDINET
2026-03-31
Large Shareholding Report
EDINET
2026-03-18
Large Shareholding Report
EDINET
2026-03-11
Large Shareholding Report
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