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Overview

Infcurion,Inc.

Infcurion is a Japanese fintech company that provides payment and financial infrastructure platforms enabling businesses across various industries to embed financial services into their offerings (Embedded Finance). Its core services include digital wallet solutions, international brand card issuance, bank API integration, and cashless payment processing, targeting financial institutions, retailers, telecoms, and other non-financial enterprises. The company also offers specialized consulting services in the payment and financial technology domain, supporting clients' DX initiatives and new business development.

Market Cap

¥19.9B

US$127M

¥—B

Stock¥955▼-3.63%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

—

LTM EV/EBIT

—

LTM PER

85.5

LTM PBR

3.5

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-55.5%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Aug 13, 26Q1 FY2027/03 earnings announced

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Performance & Balance

Revenue 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

66%

34%

EquityD/E 0.52xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 66.8%

as of 2026-03-31 · Source: Annual Securities Report

Sumitomo Mitsui Card Company, Limited

14.42%

Sumitomo Mitsui Banking Corporation

14.41%

Koki MARUYAMA

9.86%

Takenori KIDA

9.66%

PLEIAD-MINERVA JAPAN GROWTH OPPORTUNITIES LP (Standing Proxy: Minerva Growth Partners Co., Ltd.)

4.71%

CEPLUX-ABRDN SICAV I (Standing Proxy: Citibank, N.A., Tokyo Branch)

4.30%

Jun KANZAWA

2.87%

FinTech Business Innovation Investment Limited Partnership

2.53%

QR No. 2 Fund Investment Limited Partnership

2.03%

Custody Bank of Japan, Ltd. (Trust Account)

2.00%

Management

10 officers

Koki MARUYAMA

Representative Director, President

Apr 1999 Joined JCB Co., Ltd. Jan 2008 Joined the Company Feb 2008 Director, the Company Apr 2010 Director, Link Processing Co., Ltd. Feb 2014 Representative Director, Infcurion Co., Ltd. (now Infcurion Consulting Co., Ltd.) Jun 2014 Director, Card Wave Co., Ltd. Sep 2015 Representative Director, the Company Sep 2015 Representative Director, Fintech Association (General Incorporated Association) Apr 2016 Director, Nest Egg Co., Ltd. (current) Oct 2017 Director, Adapt Networks Co., Ltd. (dissolved through merger with the Company in Apr 2024) Jun 2018 Representative Director, Infcurion Digital Co., Ltd. (dissolved through merger with the Company in Nov 2020) Jul 2018 Board Member, Cashless Promotion Council Oct 2018 President and Representative Director, the Company (current) Nov 2020 Managing Director, Fintech Association Jun 2021 Representative Director, Link Processing Co., Ltd. Nov 2022 Executive Advisor, Fintech Association (current) Jun 2024 Director, Link Processing Co., Ltd. (current) Oct 2024 Tokyo Metropolitan Fintech Fellow (current)

1976-11-10

Takenori KIDA

Director, Executive Vice President, Executive Officer

Apr 1999 Joined JCB Co., Ltd. Feb 2008 Joined the Company; Director (current) Feb 2014 Director, Infcurion Co., Ltd. (now Infcurion Consulting Co., Ltd.) Jun 2014 Representative Director, Card Wave Co., Ltd. Jun 2014 Audit & Supervisory Board Member, Link Processing Co., Ltd. Apr 2016 Audit & Supervisory Board Member, Nest Egg Co., Ltd. Oct 2017 Audit & Supervisory Board Member, Adapt Networks Co., Ltd. (dissolved through merger with the Company in Apr 2024) Oct 2018 Representative Director, Infcurion Co., Ltd. (now Infcurion Consulting Co., Ltd.) Jun 2021 Director, Link Processing Co., Ltd. Jan 2022 Director, Infcurion Consulting Co., Ltd. Jun 2022 Executive Officer, the Company (current) Jun 2023 Vice President, the Company (current)

1976-08-30

Kenichi NOGAMI

Director, Executive Officer

Apr 2008 Joined Sumitomo Mitsui Banking Corporation Sep 2010 Joined Morgan Stanley Japan Business Group Co., Ltd. Mar 2016 Representative Director, Metusela Co., Ltd. Apr 2024 Director, Metusela Co., Ltd. Jul 2024 Executive Officer, the Company (current) Nov 2024 Director, the Company (current)

1985-11-13

Kazuki TAKAGI

Director, Executive Officer

Apr 2003 Joined JCB Co., Ltd. Sep 2005 Joined Prudential Life Insurance Co., Ltd. Feb 2007 Joined the Company Feb 2014 Director, Infcurion Co., Ltd. (now Infcurion Consulting Co., Ltd.) Oct 2017 Executive Officer, the Company Oct 2018 Vice President and Director, Infcurion Co., Ltd. (now Infcurion Consulting Co., Ltd.) Jun 2019 Director, the Company Director, Infcurion Digital Co., Ltd. (dissolved through merger with the Company in Nov 2020) Director, Adapt Networks Co., Ltd. (dissolved through merger with the Company in Apr 2024) Jul 2019 Director, Link Processing Co., Ltd. Feb 2022 Representative Director, Infcurion Consulting Co., Ltd. Jun 2022 Retired as Director, the Company; Executive Officer, the Company (current) Jun 2025 Director, Infcurion Consulting Co., Ltd. (current) Director, the Company (current)

1980-10-29

Ryusuke SHIGETOMI

Director

Apr 1984 Joined Nippon Kogyo Ginko (now Mizuho Financial Group, Inc.) Jan 2000 Joined Morgan Stanley Securities Co., Ltd. (now Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.) Feb 2016 Vice Chairman, Global Investment Banking Division, Morgan Stanley & Co. LLC Jun 2016 Managing Executive Officer, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Nov 2021 Representative Director and Chairman, Blackstone Group Japan K.K. (current) Feb 2022 Advisor, CUC Co., Ltd. (current) Mar 2022 Outside Director, the Company (current) Oct 2022 Outside Director, Ubie, Inc. (current) Jun 2024 Outside Director, Panasonic Holdings Corporation (current)

1961-10-10

Kei TOMIOKA

Director

Apr 1999 Joined Oracle Corporation Japan Jun 2007 Director, Sansan, Inc. (current) Jun 2021 Outside Director, Fringe81, Inc. (now Unipos Inc.) Mar 2022 Outside Director, the Company (current) Apr 2024 Director, Sansan Global (Thailand) Co., Ltd. (current)

1976-05-26

Katsuyuki TOKUDA

Director

Apr 1987 Joined Sumitomo Bank (now Sumitomo Mitsui Banking Corporation) Apr 2014 Joined Mitsui Sumitomo Card Co., Ltd. Apr 2019 Executive Officer, Mitsui Sumitomo Card Co., Ltd. Apr 2020 Managing Executive Officer, Mitsui Sumitomo Card Co., Ltd. Apr 2021 Managing Executive Officer, Sumitomo Mitsui Financial Group, Inc. (current) Apr 2023 Director and Senior Managing Executive Officer, Mitsui Sumitomo Card Co., Ltd. Oct 2024 Senior Managing Executive Officer, SMBC Consumer Finance Co., Ltd. (current) Nov 2024 Outside Director, the Company (current) Apr 2025 Representative Director and Senior Managing Executive Officer, Mitsui Sumitomo Card Co., Ltd. Apr 2026 Representative Director and Executive Vice President, Mitsui Sumitomo Card Co., Ltd. (current)

1963-11-01

Hiroshi SEKI

Full-time Audit & Supervisory Board Member

Apr 1987 Joined Ishimaru Co., Ltd. Feb 1994 Joined Asahi Eiko Sangyo Co., Ltd. Oct 1995 Joined Chiyoda Computer Service Co., Ltd. Apr 1996 Joined Nagasaki Prefecture Liquor Distributors Cooperative Jan 2002 Joined Global Security Expert Co., Ltd. May 2010 Joined Okasan Securities Co., Ltd. Dec 2022 Joined the Company Jan 2024 Audit & Supervisory Board Member, the Company (current) Jan 2024 Audit & Supervisory Board Member, Infcurion Consulting Co., Ltd. (current) Jan 2024 Audit & Supervisory Board Member, Link Processing Co., Ltd. (current) Jan 2024 Audit & Supervisory Board Member, Nest Egg Co., Ltd. (current) Jan 2024 Audit & Supervisory Board Member, Adapt Networks Co., Ltd. (dissolved through merger with the Company in Apr 2024)

1963-05-24

Hiroshi SHINAGAWA

Audit & Supervisory Board Member

Oct 2002 Registered as attorney-at-law (Second Tokyo Bar Association) Oct 2002 Joined Hamada & Matsumoto Law Office (now Mori Hamada & Matsumoto) Aug 2010 Admitted to the State Bar of California, USA Jan 2012 Established Kinka-Dori Law Office (now Kinka-Dori Law Office, Kanda Branch, M Partners Law Corporation) (current) Apr 2012 External Member, Compliance and Risk Management Committee, Tokyu Real Estate Investment Management Inc. (current) Mar 2013 Supervisory Executive Officer, Hoshino Resorts REIT Inc. (current) Dec 2014 Outside Audit & Supervisory Board Member, Red Planet Japan, Inc. (now Metaplanet Inc.) Jun 2015 Outside Audit & Supervisory Board Member, Miraiworks Inc. (current) Sep 2015 External Member, Compliance Committee, Takara Asset Management Co., Ltd. (now MIRARTH Asset Management Co., Ltd.) (current) Mar 2016 Outside Audit & Supervisory Board Member, Regenerative Medicine Promotion Organization Co., Ltd. (now Cell Technology Co., Ltd.) Jun 2017 Outside Audit & Supervisory Board Member, the Company (current) Dec 2017 Supervisory Executive Officer, ESR REIT (current) Sep 2018 Outside Audit & Supervisory Board Member, Metusela Co., Ltd. Mar 2020 Outside Director (Audit and Supervisory Committee Member), Japan System Techniques Co., Ltd. May 2020 Outside Audit & Supervisory Board Member, Aderans Co., Ltd. (current) Jun 2020 Outside Audit & Supervisory Board Member, Genetechnology Science Co., Ltd. (now Kidswell Bio Co., Ltd.) (current) Sep 2022 Outside Director (Audit and Supervisory Committee Member), Metusela Co., Ltd. Apr 2024 Outside Audit & Supervisory Board Member, Metusela Co., Ltd. (current)

1976-12-07

Takayuki MOTOYUKI

Audit & Supervisory Board Member

Apr 1999 Joined Century Audit Corporation (now Azsa LLC) Dec 2005 Joined KPMG FAS Co., Ltd. Nov 2011 Representative Partner, Ryudocho Consulting Co., Ltd. Apr 2012 Audit & Supervisory Board Member, Stand by C Advisory Co., Ltd. (now Stand by C Kyoto Co., Ltd.) Jan 2013 Outside Director, Shiroumascience Co., Ltd. (current) Jun 2014 Representative Partner, Nozomi Audit Corporation (current) Jul 2014 Outside Audit & Supervisory Board Member, Hamee Corp. Nov 2014 Director, Stand by C Co., Ltd. Mar 2016 Outside Supervisory Executive Officer, Ohedo Onsen REIT (now Nippon Hotel & Residential Investment Corporation) Mar 2016 Representative Director, Stand by C Kyoto Co., Ltd. Jun 2016 Outside Audit & Supervisory Board Member, Lightup Co., Ltd. Jun 2016 Outside Audit & Supervisory Board Member, NHK Business Creative Inc. (current) Dec 2016 Outside Audit & Supervisory Board Member, Miraiworks Inc. (current) Jun 2017 Outside Audit & Supervisory Board Member, NHK Arts Inc. Jun 2017 Outside Audit & Supervisory Board Member, the Company (current) Oct 2020 Partner, Stand by C Tax Accountant Corporation Jul 2023 Outside Audit & Supervisory Board Member, NE Co., Ltd. (current) Jul 2025 Outside Audit & Supervisory Board Member, Blue Clean Co., Ltd. (current)

1976-11-07

Large Shareholding Reports

SBI Investment Co., Ltd.

2026-06-05

2.58%→2.55%

Sumitomo Mitsui Card Company, Limited

2026-05-11

14.64%→14.42%

Annual report (as of 2026-03-31): 14.42%

Sumitomo Mitsui Banking Corporation

2026-01-21

14.67%→14.64%

Annual report (as of 2026-03-31): 14.41%

SBI Ventures Two Co., Ltd.

2025-11-11

3.12%→3.12%

SBI Securities Co., Ltd.

2025-11-06

4.19%→5.43%

SBI Securities Co., Ltd.

2025-11-04

2.34%→4.19%

Sumitomo Mitsui Banking Corporation

2025-10-31

14.67%

Annual report (as of 2026-03-31): 14.41%

SBI Ventures Two Co., Ltd.

2025-10-31

3.12%

Takenori KITA

2025-10-30

9.83%

Annual report (as of 2026-03-31): 9.66%

Koki MARUYAMA

2025-10-30

11.14%

Annual report (as of 2026-03-31): 9.86%

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-08-12

Q1 Earnings Flash

FY ending Mar 2027

Infcurion,Inc.

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Infcurion,Inc.

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