beluuga.ai

Overview

Information & Communication

Accrete Inc.

Acrete Inc. is one of Japan's largest SMS delivery service providers, operating primarily through its Communication segment which offers domestic SMS distribution services, overseas messaging services via its Vietnamese subsidiary (VietGuys J.S.C.), and email distribution services such as 'Gakko Anshin Mail' through domestic subsidiary Technomix. The company has expanded into a Solutions segment encompassing GPU server handling, AI solutions including voice/face analysis technology 'ANOTHER AI' and behavioral change AI 'NudgeMaker® for SMS', as well as an Investment & Incubation segment targeting promising AI and development-stage ventures. Its three reporting segments—Communication, Solutions, and Investment & Incubation—reflect a strategic repositioning announced under a revised medium-term management plan in 2024.

Market Cap

¥6.59B

US$42.0M

¥7.75B

US$49.4M

Stock¥878▼-18.85%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

11.5

LTM EV/EBIT

14.2

LTM PER

22.9

LTM PBR

1.9

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-33.5%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Sep 29, 26Special Investigation Committee report received and published (Sep 28)

2Oct 22, 26Accrete announces recurrence prevention measures, Risk/Compliance Committee, and executive pay cuts following accounting probe

3Oct 23, 26Recurrence prevention measures, new Risk/Compliance Committee, and executive pay cuts announced

MC → EV Bridge

AI Briefing

Generating insights…

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

66%

34%

EquityD/E 0.50xDebt

Liquidity vs Debt 5Y (¥B)▼ Net Debt

CashInv. Sec.Debt

Shareholders

Top 10 hold 43.3%

as of 2025-12-31 · Source: Annual Securities Report

BANA 1 Limited Liability Limited Partnership

18.45%

Masanao TAKASE

6.05%

PotLuck Co., Ltd.

5.42%

Rakuten Securities, Inc. (Joint Account)

3.68%

SIX SIS LTD. (Standing Proxy: MUFG Bank, Ltd.)

2.21%

Morgan Stanley MUFG Securities Co., Ltd.

1.89%

Yusei TANAKA

1.48%

Masaya SHIBATA

1.45%

Kimihiro HASHIMOTO

1.33%

MATSUI SECURITIES CO.,LTD.

1.32%

Management

9 officers

Koji KABUMOTO

Representative Director, President

Apr 1983 Joined Marubeni Corporation Oct 1987 Seconded to Marubeni America Corporation Apr 1990 Established Safari Systems, a joint venture with AT&T Inc. Apr 2002 Seconded to Mighty Card Co., Ltd., Representative Director, President Apr 2010 Marubeni Corporation, General Manager, IT Network Business Department Apr 2012 Marubeni Corporation, Acting General Manager, Finance, Logistics & Information Division; General Manager, ICT Services Business Department Apr 2013 Marubeni Corporation, Acting General Manager, Information, Finance & Real Estate Division Apr 2014 Marubeni Corporation, Executive Officer, Acting General Manager, Information, Finance & Real Estate Division Apr 2015 Marubeni Corporation, Executive Officer, General Manager, Information & Logistics Division Apr 2016 Marubeni Corporation, Executive Officer, General Manager, Information, Logistics & Healthcare Division Apr 2019 Marubeni Corporation, Executive Officer, General Manager, Information & Real Estate Division Arteria Networks Corporation, Representative Director, President and CEO Mar 2024 Representative Director, Chairman of the Company Aug 2024 Representative Director, President of the Company (current)

1959-05-21

Yusei TANAKA

Director, Vice President

Apr 1993 Joined Tomen Corporation (now Toyota Tsusho Corporation) May 2007 Joined Indigo Co., Ltd. May 2014 Director of the Company Jun 2015 Resigned as Director of the Company Aug 2017 Joined the Company, General Manager, Sales & Marketing Division Mar 2018 Managing Director of the Company, General Manager, Sales & Marketing Division Jan 2019 Representative Director, President of the Company Aug 2023 Representative Director, President and General Manager, Sales Division of the Company Aug 2024 Representative Director, Vice President and General Manager, Communication Business Division of the Company Mar 2025 Director, Vice President and General Manager, Communication Business Division of the Company (current)

1968-05-25

Masanao TAKASE

Director, General Manager of the President's Office

Apr 1985 Began career as a television scriptwriter (freelance) Oct 1993 Established G-One Co., Ltd., Managing Director Jul 2004 Established Zuno Co., Ltd., Representative Director (current) Apr 2013 Established Zuno Media Solutions Co., Ltd., Representative Director (currently Chairman of the Board) Sep 2024 Director of the Company Dec 2024 Director, General Manager of the President's Office of the Company Sep 2025 Director, General Manager, Investment & Incubation Business Division of the Company (current)

1961-12-09

Toshiharu YAMAMOTO

Director, General Manager of Management Administration Division

Apr 1988 Joined Humax Co., Ltd. Sep 1996 Joined Shinseisha Co., Ltd. Jun 2000 Joined Office To One Co., Ltd. Feb 2001 Joined Autobytel Japan Co., Ltd. Nov 2002 Joined I.C.F. Co., Ltd. Jan 2012 Director, Zuno Co., Ltd. (current) Jun 2013 Director, Holiday Co., Ltd. Sep 2024 Outside Director of the Company Oct 2024 Director, General Manager of Management Administration Division of the Company (current)

1963-10-04

Takao IIJIMA

Director

Mar 1986 Enlisted in the Ground Self-Defense Force cadet course Apr 1989 Joined Raytec Co., Ltd. Aug 1992 Joined Ad Crew Co., Ltd. Oct 1995 Joined Shubi Co., Ltd. Mar 1999 Joined Meikyosha Co., Ltd. Feb 2001 Joined WetWare Co., Ltd. Aug 2004 Joined Bellwire Co., Ltd. Jan 2011 Joined Zuno Co., Ltd. Jul 2014 Director, Zuno Media Solutions Co., Ltd. Sep 2024 Director of the Company (current) Apr 2025 Representative Director, Zuno Media Solutions Co., Ltd. (current)

1970-02-28

Hiroaki HATANO

Director

Feb 1998 Established Ways Co., Ltd. (Yugen Kaisha), Director and President May 2002 Joined Creek & River Co., Ltd. Oct 2006 Established Forglove Co., Ltd., Representative Director (current)

1977-02-15

Hirotaka ISAYAMA

Director, Audit and Supervisory Committee Member (Note 1)

Apr 2004 Joined EY Japan LLC (formerly Ota Showa Century Audit Corporation) Jun 2003 Registered as Certified Public Accountant Feb 2008 Representative, Isayama Certified Public Accountant Office (current) Apr 2016 Supervisory Director, Sakura Sogo REIT Investment Corporation Mar 2024 Director, Audit and Supervisory Committee Member of the Company (current) Oct 2025 Supervisory Director, Star Asia Investment Corporation (current)

1975-03-24

Junichi HIRAO

Director, Audit and Supervisory Committee Member (Note 1)

Feb 1996 Joined Indigo Co., Ltd. Jul 1999 Director (CTO), Indigo Co., Ltd. Feb 2002 Representative Director, Indigo Co., Ltd. Jul 2008 Director, Indigo Co., Ltd. (current) Oct 2020 Representative Director, Envit Co., Ltd. (current) Mar 2024 Director, Audit and Supervisory Committee Member of the Company (current)

1975-01-09

Kosuke SATO

Director, Audit and Supervisory Committee Member (Note 1)

Dec 2008 Registered as attorney-at-law Joined Fairness Law Office (current) Mar 2024 Director, Audit and Supervisory Committee Member of the Company (current)

1981-09-08

Large Shareholding Reports

Tadashi Komatsu

2026-10-07

21.03%→18.50%

Masanao Takase

2026-08-10

7.53%→6.77%

Annual report (as of 2025-12-31): 6.05%

Tadashi KOMATSU

2026-06-30

22.73%→21.03%

BANA No. 1 Limited Liability Partnership, Partner KOMATSU

2026-06-30

—

BANA No. 1 Limited Liability Partnership, Partner Tadashi KOMATSU

2026-06-29

22.53%→21.03%

Tadashi KOMATSU

2026-01-09

22.53%→22.73%

Tadashi KOMATSU

2025-12-25

23.28%→22.53%

Tadashi KOMATSU

2025-12-25

23.28%→23.53%

Tadashi KOMATSU

2025-12-23

25.73%→23.28%

Tadashi KOMATSU

2025-10-02

23.07%→30.07%

Tadashi KOMATSU

2025-10-02

30.07%→25.73%

Tadashi KOMATSU

2025-09-26

24.86%→21.60%

Tadashi KOMATSU

2025-09-26

23.07%→24.86%

Tadashi KOMATSU

2025-09-25

23.07%→24.86%

Tadashi KOMATSU

2025-09-25

23.37%→20.46%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Tadashi KOMATSU

2025-09-24

23.37%→20.46%

Tadashi KOMATSU

2025-09-24

23.37%→20.46%

Correction filing (name/detail fix only) — ratio carried over from the original filing

Milestone Capital Management Co., Ltd.

2025-09-10

5.10%→4.32%

Milestone Capital Management Co., Ltd.

2025-09-04

6.27%→5.10%

Milestone Capital Management Co., Ltd.

2025-09-01

7.35%→6.27%

Milestone Capital Management Co., Ltd.

2025-08-27

8.25%→7.35%

Disclosures

No disclosures

Primary Source Filings

EDINET

2026-10-07

Large Shareholding Report

Accrete Inc.

Try the full product

Accrete Inc.

Try the full product

More Japanese companies in Information & Communication