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Overview

Information & Communication

FLECT Co.,Ltd.

Flect is a multi-cloud integrator that supports enterprise digital transformation (DX) leveraging cloud technologies and design. The company provides end-to-end professional services spanning CRM/Salesforce implementation, B2B/B2C e-commerce, IoT/AI solutions, API orchestration, identity management, and AWS integration, primarily targeting large Japanese corporations. Its competitive strength lies in delivering 'offensive DX'—creating new customer experiences and driving business model transformation—through a one-stop offering from service design and development to operations on multi-cloud environments.

Market Cap

US$35.6M

¥5.69B

US$29.0M

¥4.63B

StockUS$6.59(¥1,053)▼-14.81%

US$1 = ¥159.70 (2026-11-12)

LTM EV/EBITDA

4.3

LTM EV/EBIT

4.6

LTM PER

10.6

LTM PBR

2.5

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-58.9%pt

Nov 13, 25 – Nov 13, 26StockTOPIX

1Aug 14, 26Q1 FY2027/03 earnings announced

2Nov 13, 26Provision for loss on orders received recorded alongside Q2 FY2027 interim earnings (disclosed Nov 12, 2026)

MC → EV Bridge

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Performance & Balance

Revenue 5Y (US$)

EBITDA 5Y (US$)

Net Income 5Y (US$)

Capital Structure

84%

EquityD/E 0.19xDebt

Liquidity vs Debt 5Y (US$)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 76.4%

as of 2026-09-30 · Source: Annual Securities Report

Kuro LLC

53.20%

Hikari Tsushin KK Investment Limited Partnership, General Partner: HIKARI TSUSHIN, INC.

6.66%

Salesforce, Inc. (Domestic Contact)

5.07%

CACEIS BANK/QUINTET LUXEMBOURG SUB AC / UCITS CUSTOMERS ACCOUNT (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)

2.37%

Masaoki OHASHI

1.93%

Custody Bank of Japan, Ltd. (Trust Account)

1.90%

FLECT Co.,Ltd. Employee Stock Ownership Association

1.58%

日本マスタートラスト信託銀行株式会社（株式付与ＥＳＯＰ信託口・８００９８口）

1.54%

Rakuten Securities, Inc. (Joint Account)

1.43%

Koichiro SHINAGAWA

0.73%

Management

5 officers

Kouji KUROKAWA

Representative Director, CEO; General Manager, Cloud Integration Business Division

May 2000 Established Fiacom Communications Inc. Representative Director, Fiacom Communications Inc. Aug 2005 Established the Company; Representative Director, CEO of the Company (current) Mar 2017 Established GK Kuro; Representative Partner (current) Apr 2022 General Manager, Cariot Business Division Jul 2024 Director, Cariot Inc. (current); Representative Director of the same company Apr 2025 General Manager, Cloud Integration Business Division of the Company (current)

1979-02-27

Masaoki OHASHI

Director; General Manager, Identity & AI Business Division

Apr 2004 Joined Sony Ericsson Mobile Communications Japan, Inc. Mar 2007 Joined the Company Jun 2009 Director and COO of the Company; General Manager, Cloud Integration Business Division Apr 2025 Director of the Company, in charge of technology strategy Apr 2026 Director; General Manager, Identity & AI Business Division of the Company (current)

1979-08-28

Yosuke TETSUKAWA

Director (Audit and Supervisory Committee Member)

Apr 2002 Joined Asahi Audit Corporation (currently Azusa Audit LLC) Jul 2006 Joined Dentsu Inc. Jul 2009 Joined Spiral & Company Inc. Nov 2012 Established Improve Tax Accountant Corporation; Managing Partner (current) May 2014 Established Growth Continue Inc.; Representative Director (current) Jul 2017 Audit & Supervisory Board Member of the Company Apr 2018 Director (Audit and Supervisory Committee Member) of the Company (current)

1980-03-25

Shouichi FUJIWARA

Director (Audit and Supervisory Committee Member)

Aug 1986 Joined Recruit Co., Ltd. (currently Recruit Holdings Co., Ltd.) Apr 2006 Executive Officer, Recruit Co., Ltd. Oct 2012 Executive Officer, Recruit Marketing Partners Co., Ltd. Jun 2014 Full-time Audit & Supervisory Board Member, Recruit Holdings Co., Ltd. Apr 2018 Director (Audit and Supervisory Committee Member) of the Company (current)

1962-09-08

Shuya OGAWA

Director (Audit and Supervisory Committee Member)

Dec 2008 Registered with the Daini Tokyo Bar Association Jan 2009 Joined TMI Associates May 2014 Completed LL.M. program, Duke University School of Law Aug 2014 Worked at TMI Associates Silicon Valley Office Nov 2014 Admitted as attorney in New York State Jul 2015 Returned to TMI Associates Tokyo Office Jan 2018 Partner, TMI Associates (current) Apr 2018 Director (Audit and Supervisory Committee Member) of the Company (current)

1980-10-13

Large Shareholding Reports

Mitsu Communications Co., Ltd.

2026-11-13

6.08%→6.91%

Hikari Tsushin, Inc.

2026-10-23

5.06%→6.08%

Koutsushin Co., Ltd.

2026-07-15

5.06%

PALM INVESTMENT MANAGEMENT PTE. LTD.

2026-04-07

5.12%→0.48%

PALM INVESTMENT MANAGEMENT PTE. LTD.

2026-03-06

5.12%

Kuro LLC

2026-02-20

60.59%→46.77%

Annual report (as of 2026-09-30): 53.20%

Disclosures

No disclosures

Primary Source Filings

EDINET

2026-11-13

Large Shareholding Report

FLECT Co.,Ltd.

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