Overview
Information & Communication

freee K.K.

freee K.K. develops and provides cloud-based integrated ERP and SaaS solutions targeting small businesses, sole proprietors, and corporations with up to 1,000 employees in Japan. Its core product suite includes freee Accounting, freee HR & Payroll, freee Sales Management, freee Sign (electronic contracts), and freee Expense Management, among others, enabling back-office automation without specialized accounting knowledge. The company differentiates through AI-driven automation, deep financial institution data integration, a highly rated mobile app, and a continuously expanding platform built via both organic development and M&A.

Market Cap
¥246B
US$1.57B
EV
¥224B
US$1.43B
Stock¥4,150▲+5.06%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
87.1
x
LTM EV/EBIT
205.4
x
LTM PER
228.8
x
LTM PBR
11.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-1.9%pt
1001234
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 13, 26Earnings disappointment
2Mar 6, 26Earnings improvement confirmation
3Mar 10, 26Earnings guidance downward revision
4Aug 14, 26FY6/26 results: operating profit +78.9%, FY6/27 revenue guidance +23% beats consensus
MC → EV Bridge
246BUS$1.57BMarket Cap14.3BUS$91.2M+ Debt36.2BUS$231M− Cash0.43BUS$2.76M− Inv. Sec.224BUS$1.43BEV
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Performance & Balance
Revenue 5Y (¥B)
14.4US$91.7M'22/619.2US$123M'23/625.4US$162M'24/633.3US$212M'25/642.4US$271M'26/6
EBITDA 5Y (¥B)
-2.72-US$17.3M'22/6-7.89-US$50.3M'23/6-8.30-US$52.9M'24/60.93US$5.93M'25/62.41US$15.4M'26/6
Net Income 5Y (¥B)
-11.6-US$74.0M'22/6-12.3-US$78.7M'23/6-10.2-US$64.7M'24/61.37US$8.74M'25/61.08US$6.87M'26/6
Capital Structure
60%
40%
EquityD/E 0.68xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
43.1US$275M0.58US$3.67M'22/636.9US$236M'23/632.1US$205M4.70US$30.0M'24/636.2US$231M9.60US$61.2M'25/636.6US$234M14.3US$91.2M'26/6
Shareholders
Top 10 hold 63.7%
1
Daisuke SASAKI
18.30%
2
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
9.49%
3
MSCO CUSTOMER SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
7.47%
4
GOLDMAN SACHS & CO.REG (Standing Proxy: Goldman Sachs Japan Co., Ltd.)
5.10%
5
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
5.03%
6
RAKUS Co.,Ltd.
4.94%
7
Recruit Co., Ltd.
3.81%
8
BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCTS M ILM FE (Standing Proxy: MUFG Bank, Ltd.)
3.51%
9
Takashi YOKOJI
3.45%
10
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC) (Standing Proxy: MUFG Bank, Ltd.)
2.56%
Management
6 officers
Daisuke SASAKI
Representative Director, CEO
Apr 2004 Joined Hakuhodo Inc. Jul 2006 Joined CLSA Capital Partners Japan Co., Ltd. May 2007 Joined ALBERT Inc. May 2008 Joined Google K.K. (current: Google LLC) Jul 2012 Established the Company; assumed office as Representative Director, CEO (current) Apr 2020 Member, Management Council, Hitotsubashi University (National University Corporation)
1980-09-18
Takashi YOKOJI
Director, CTO
Apr 2010 Joined Sony Corporation (current: Sony Group Corporation) Jul 2012 Established the Company; assumed office as Director Sep 2015 Assumed office as Executive Officer, CTO Sep 2021 Assumed office as Director, CTO (current)
1984-08-24
Yumi Hosaka CLARK
Director
May 1995 Joined Navteq Jan 2003 Director, Business Operations (Investment & Acquisitions) and Director, International Expansion Products, eBay Inc. (PayPal, Inc.) Nov 2007 Director, Development, Payments Division, Intuit Incorporated Jan 2015 Head of Consumer Money Movement and Head of Small Business New Product Development, Capital One, Incorporated Jun 2018 Head of Product & Solutions Japan, Visa Worldwide Japan K.K. Sep 2018 Outside Director, Paidy Inc. Mar 2021 Head of Integrated Financial Services, Quicken Incorporated Sep 2021 Outside Director, the Company (current) Jun 2023 Chief Transformation Officer, OPN Holdings Co., Ltd. May 2024 Executive Advisor, Verdigris Technologies Inc. (current) May 2024 Director and Advisor, Kueski Inc. Feb 2025 Outside Director and Chair of the Audit Committee, Kueski Inc. (current) Feb 2026 Outside Director, Zina Payment, LLC (current)
1969-12-29
Tomomi AMAGO
Director (Full-time Audit and Supervisory Committee Member)
Feb 2012 Joined Deloitte Touche Tohmatsu LLC Feb 2015 Joined PricewaterhouseCoopers Co., Ltd. (current: PwC Advisory LLC) Sep 2020 Assumed office as Full-time Outside Corporate Auditor, AViC Inc. Dec 2021 Assumed office as Outside Director (Full-time Audit and Supervisory Committee Member), AViC Inc. Sep 2025 Assumed office as Outside Director (Full-time Audit and Supervisory Committee Member), the Company (current)
1988-01-14
Masao HIRANO
Director (Audit and Supervisory Committee Member)
Apr 1980 Joined JGC Corporation (current: JGC Holdings Corporation) Nov 1987 Joined McKinsey & Company, Inc. Jul 1998 Director and Head of Japan Office, McKinsey & Company, Inc. Nov 2007 Managing Director and Co-Head of Japan, Carlyle Japan LLC Jan 2012 Representative Director, President, M&I Co., Ltd. (current) Apr 2012 Professor, Graduate School of Business and Management, Waseda University May 2015 Outside Director, Dexerials Corporation Jun 2017 Outside Director, LITALICO Inc. Mar 2019 Outside Director, Uzabase, Inc. Mar 2019 Outside Director, PLAID, Inc. Sep 2023 Assumed office as Outside Director (non-full-time Audit and Supervisory Committee Member), the Company (current) Apr 2026 Vice President and Distinguished Professor, Shizenkan University (current)
1955-08-03
Sumito TOGO
Director (Audit and Supervisory Committee Member)
Apr 2005 Joined McKinsey & Company, Inc. Japan Feb 2010 Joined Google K.K. (current: Google LLC) Jul 2013 Assumed office as COO, the Company Sep 2013 Assumed office as Director and COO, the Company Jul 2018 Assumed office as Director and CFO, the Company Apr 2020 Assumed office as Outside Director, WealthNavi Inc. Oct 2022 Assumed office as Director and CPO, the Company Jan 2025 Assumed office as CSO, AstroX Inc. Sep 2025 Assumed office as Director (non-full-time Audit and Supervisory Committee Member), the Company (current) Jan 2026 Director and CSO, AstroX Inc. (current)
1981-03-19
Large Shareholding Reports
Mizuho Securities Co., Ltd.
2026-09-25
2.85%
Asset Management One Co., Ltd.
2026-06-05
1.96%→2.01%
Mizuho Securities Co., Ltd.
2026-05-22
3.10%
Daisuke SASAKI
2026-02-26
18.40%→18.37%
Annual report (as of 2026-06-30): 18.30%
Daisuke SASAKI
2025-08-22
19.51%→18.40%
Annual report (as of 2026-06-30): 18.30%
Daisuke SASAKI
2025-08-22
—
Annual report (as of 2026-06-30): 18.30%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-28
Annual Securities Report
Period: Jul 2025 – Jun 2026
EDINET
2026-09-25
Large Shareholding Report
TDnet
2026-08-13
Full-Year Earnings Flash
FY ending Jun 2026
EDINET
2026-06-05
Large Shareholding Report
EDINET
2026-05-22
Large Shareholding Report
TDnet
2026-05-13
Q3 Earnings Flash
FY ending Jun 2026
EDINET
2026-02-26
Large Shareholding Report
EDINET
2026-02-12
Semi-Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2025-11-13
Q1 Earnings Flash
FY ending Jun 2026
EDINET
2025-09-25
Annual Securities Report
Period: Jul 2024 – Jun 2025
EDINET
2025-08-22
Large Shareholding Report
EDINETAmended
2025-08-22
Change Report
EDINET
2025-07-18
Securities Registration Statement
TDnet
2025-05-15
Q3 Earnings Flash
FY ending Jun 2025
EDINET
2025-02-14
Semi-Annual Securities Report
Period: Jul 2024 – Jun 2025
EDINET
2024-12-17
Securities Registration Statement
TDnet
2024-11-14
Q1 Earnings Flash
FY ending Jun 2025
EDINETAmended
2024-09-30
Amended Securities Registration Statement
EDINET
2024-09-27
Annual Securities Report
Period: Jul 2023 – Jun 2024
EDINET
2024-09-27
Securities Registration Statement
EDINET
2024-06-17
Securities Registration Statement
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-09-28
Annual Securities Report
Period: Jul 2022 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-09-29
Annual Securities Report
EDINET
2022-05-13
Quarterly Securities Report
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