Overview
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NE Inc.

NE Inc. operates NextEngine, a leading SaaS-based EC backend management platform serving over 6,700 e-commerce businesses in Japan, providing integrated order management, inventory, and multi-channel operations. The company also offers EC consulting and operations outsourcing, local revitalization support (Locaruco) for municipalities and furusato nozei programs, lifestyle EC retail, and AI reskilling courses for commerce professionals. NE positions itself as the 'Commerce OS for the Agent Era,' aiming to translate EC operators' product data into AI-readable formats to power next-generation agentic commerce.

Market Cap
¥8.83B
US$56.3M
EV
¥5.26B
US$33.6M
Stock¥267▲+3.09%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.3
x
LTM EV/EBIT
3.7
x
LTM PER
9.0
x
LTM PBR
1.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-44.2%pt
1001
Nov 4, 25 – Oct 23, 26StockTOPIX
1Jun 15, 26Full-year FY2026/04 earnings announced
MC → EV Bridge
8.83BUS$56.3MMarket Cap0.00BUS$0.00M+ Debt3.53BUS$22.5M− Cash0.04BUS$0.26M− Inv. Sec.5.26BUS$33.6MEV
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Performance & Balance
Revenue 5Y (¥B)
2.54US$16.2M'23/43.77US$24.0M'24/43.93US$25.0M'25/44.07US$25.9M'26/4
Net Income 5Y (¥B)
0.54US$3.43M'23/41.03US$6.59M'24/40.94US$5.99M'25/41.01US$6.43M'26/4
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
'23/4'24/4'25/43.63US$23.2M'26/4
Shareholders
Top 10 hold 69.9%
1
AOI Co., Ltd.
32.13%
2
Atsushi HIGUCHI
15.35%
3
GOLDMAN SACHS INTERNATIONAL
5.42%
4
The Master Trust Bank of Japan, Ltd. (Trust Account)
3.93%
5
BBH FOR FIDELITY LOW-PRICED STOCK FUND
3.56%
6
Kazuyori KITAMURA
2.87%
7
INTERACTIVE BROKERS LLC
2.53%
8
NORTHERN TRUST CO.(AVFC) RE NON TREATY CLIENTS ACCOUNT
2.41%
9
Custody Bank of Japan, Ltd. (Trust Account)
0.87%
10
Junya SUZUKI
0.86%
Management
7 officers
Junya SUZUKI
Representative Director, Chairman, CRDO
Apr 2002 Joined IVIS Inc. Aug 2005 Joined Hamee Corp. Jul 2013 Director, General Manager, EC System Business Division May 2014 Director, General Manager, Platform Business Division; Manager, System Development Department Feb 2016 Director, General Manager, Platform Business Division; Director, NextEngine AI Lab May 2016 Director, CTO and CCO; General Manager, Platform Business Division; Director, NextEngine AI Lab Nov 2016 Director, CTO and CCO; Head of Exploration Office May 2018 Director; Head of Exploration Office Nov 2018 Director; Manager, Data Mining Department; Manager, Development Department May 2019 Director and Executive Officer; Manager, Data Mining Department; Manager, Development Division May 2020 Director and Executive Officer; Manager, Data Mining Department; Manager, Development Division; Manager, Business Planning Department May 2021 Director and Executive Officer; Manager, Business Planning Department; Head of SX Office May 2022 Established the Company; Representative Director, Chairman, CRDO (current) May 2023 Director and Executive Officer, Hamee Corp.; in charge of Development Department
1979-04-02
Noriyoshi HIGO
Representative Director, President, CEO
May 2000 Joined Hit Co., Ltd. Sep 2008 Joined New Daisys Co., Ltd. May 2009 Joined GMO NetSupport Co., Ltd. Jun 2012 Joined GMO Internet, Inc. Feb 2013 Joined GMO Commerce, Inc. Oct 2014 Joined Hamee Corp. May 2015 Manager, EC Marketing Department Apr 2018 Director, Hamee Consulting Co., Ltd. May 2018 Executive Officer; General Manager, Platform Business Division Jul 2020 Director and Executive Officer; General Manager, Platform Business Division May 2021 Director and Executive Officer; General Manager, Platform Business Division; Head of DX Management Office May 2022 Established the Company; Representative Director, President, CEO (current) May 2026 Representative Director, President, CEO; General Manager, NextEngine Business Division
1976-06-11
Yuka KOGA
Director
Apr 1994 Joined Tokyo Electron Ltd. Jul 2002 Joined Yahoo Japan Corporation Apr 2009 General Manager, Legal Department, Administration Division, Yahoo Japan Apr 2013 General Manager, Corporate Policy Planning Division, Office of the President, Yahoo Japan Apr 2015 General Manager, Financial Services Division, Settlement & Financial Company, Yahoo Japan Jun 2016 Representative Director, Japan Net Bank, Limited (now PayPay Bank Corporation) (resigned Jun 2017) Jun 2021 Senior Consultant, Kioicho Strategy Institute Inc. (current) Jul 2023 Outside Director of the Company (current)
1971-10-07
Saki SUZUKI
Director
Dec 2016 Registered as attorney-at-law (Tokyo Bar Association) Jan 2017 Joined Hori Sogo Law Office Apr 2019 Joined PwC Arata LLC (now PwC Japan LLC) Jul 2021 Joined Hori Sogo Law Office Jun 2022 Outside Director, Chuo Denryoku Co., Ltd. (now Regil Co., Ltd.) Sep 2022 Registered as certified public accountant Nov 2022 Joined Trident Law Corporation (current) Jul 2023 Outside Director of the Company (current) Nov 2024 Supervisory Director, Japan Growth Capital Investment Corporation (current) Feb 2026 Outside Audit & Supervisory Board Member, Ikeuchi Co., Ltd. (current)
1991-03-09
Kyo KITAMURA
Full-time Audit & Supervisory Board Member
Apr 2003 Joined Ryoyu Kosan Co., Ltd. Aug 2006 Joined CarView Corp. Feb 2012 Joined Real World Inc. Sep 2012 Joined Future Scope Inc. Apr 2013 Joined Hamee Corp. May 2018 Executive Officer and Manager, Legal Department Aug 2022 Executive Officer and Manager, Management Administration Department, the Company Jul 2024 Audit & Supervisory Board Member of the Company (current)
1980-01-02
Takayuki HONGYO
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 Director, Shiroma Science Co., Ltd. (current) Jun 2014 Representative Partner, Nozomi Audit Corporation (current) Jul 2014 Audit & Supervisory Board Member, Hamee Corp. Nov 2014 Director, Stand by C Co., Ltd. Mar 2016 Supervisory Director, Ohedo Onsen REIT Investment Corporation (now Japan Hotel and Residential Investment Corporation) (current) Mar 2016 Representative Director, Stand by C Kyoto Co., Ltd. (current) Jun 2016 Audit & Supervisory Board Member, Lightup Co., Ltd. Jun 2016 Audit & Supervisory Board Member, NHK Business Creative Inc. (current) Dec 2016 Audit & Supervisory Board Member, Miraiworks Inc. (current) Jun 2017 Audit & Supervisory Board Member, NHK Art Inc. Jul 2017 Audit & Supervisory Board Member, Infcurion Group Inc. (current) Oct 2020 Representative Partner, Stand by C Tax Accountant Corporation Jul 2023 Audit & Supervisory Board Member of the Company (current) Jul 2025 Audit & Supervisory Board Member, Blue Clean Co., Ltd. (current)
1976-11-07
Yukio CHIBA
Audit & Supervisory Board Member
Apr 2007 Joined Azsa Audit Corporation (now Azsa LLC) Jul 2014 Seconded to Mizuho Securities Co., Ltd. Aug 2016 Returned to Azsa LLC Nov 2019 Established Yukio Chiba CPA Office, Representative (current) Jan 2020 Established four C partners Inc., Representative Director (current) Mar 2020 Outside Director (Audit and Supervisory Committee Member), Nomura System Corporation Apr 2021 Audit & Supervisory Board Member, Isono Asset Management Co., Ltd. (current) Feb 2022 Established Fuente LLC, Representative Member (current) Aug 2024 Audit & Supervisory Board Member of the Company (current)
1984-08-14
Large Shareholding Reports
Fidelity Management & Research Company LLC
2026-06-09
4.64%
FMR LLC
2026-06-09
6.32%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Gordian Capital Singapore Private Limited
2026-05-22
5.01%→6.02%
Gordian Capital Singapore Private Limited
2026-01-08
5.01%
FMR LLC
2025-11-21
6.32%
AOI Co., Ltd.
2025-11-06
32.19%
Annual report (as of 2026-04-30): 32.13%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-09-14
Q1 Earnings Flash
FY ending Apr 2027
EDINET
2026-07-23
Annual Securities Report
Period: May 2025 – Apr 2026
EDINETAmended
2026-06-09
Change Report
EDINET
2026-06-09
Large Shareholding Report
EDINET
2026-05-22
Large Shareholding Report
TDnet
2026-03-13
Q3 Earnings Flash
FY ending Apr 2026
EDINET
2026-01-08
Large Shareholding Report
EDINET
2025-12-15
Semi-Annual Securities Report
Period: May 2025 – Apr 2026
EDINET
2025-11-21
Large Shareholding Report
EDINET
2025-11-06
Large Shareholding Report
EDINETAmended
2025-10-24
Amended Securities Registration Statement
EDINETAmended
2025-10-16
Amended Securities Registration Statement
EDINET
2025-09-30
Securities Registration Statement
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