Overview
Services

KeyHolder,Inc.

KeyHolder is a diversified entertainment group operating across four core segments: comprehensive entertainment (talent and idol management, event planning), video production (planning and production of video content, staff training and dispatch), advertising agency services (talent casting, digital advertising and promotion), and logistics (nationwide freight and warehouse operations). The company manages prominent artists and idols including Nogizaka46 and SKE48, and produces films and television content through its group companies including AOI and bijoux. The group leverages its entertainment assets to generate synergies across production, promotion, and distribution.

Market Cap
¥18.3B
US$117M
EV
¥35.5B
US$226M
Stock¥975▼-0.51%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.9
x
LTM EV/EBIT
17.9
x
LTM PER
16.8
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+13.9%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
18.3BUS$117MMarket Cap22.6BUS$144M+ Debt5.62BUS$35.9M− Cash0.00BUS$0.00M− Inv. Sec.0.18BUS$1.14M+ NCI35.5BUS$226MEV
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Performance & Balance
Revenue 5Y (¥B)
16.8US$107M'21/1222.1US$141M'22/1227.5US$175M'23/1231.1US$198M'24/1235.6US$227M'25/12
EBITDA 5Y (¥B)
1.76US$11.2M'21/123.01US$19.2M'22/122.98US$19.0M'23/124.35US$27.8M'24/124.07US$26.0M'25/12
Net Income 5Y (¥B)
0.46US$2.94M'21/121.88US$12.0M'22/122.11US$13.5M'23/122.50US$15.9M'24/120.86US$5.47M'25/12
Capital Structure
50%
50%
EquityD/E 0.98xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
3.61US$23.0M3.24US$20.6M'21/124.54US$28.9M2.33US$14.8M'22/125.08US$32.4M2.30US$14.7M'23/124.11US$26.2M23.5US$150M'24/125.10US$32.5M22.4US$143M'25/12
Shareholders
Top 10 hold 56.6%
1
J Trust Co.,Ltd.
30.06%
2
Yasushi AKIMOTO
7.65%
3
Omotesando Capital Co., Ltd.
7.29%
4
SMEJ Plus Co., Ltd.
2.61%
5
Atsushi MORITA
2.01%
6
Forsley Co., Ltd.
1.59%
7
Yoshihiro AKATSUKA
1.58%
8
DAIICHIKOSHO CO.,LTD.
1.57%
9
Makoto TAKAZAWA
1.40%
10
Ikuhiro YAMAMOTO
0.86%
Management
9 officers
Atsushi MORITA
Director and Vice President
Apr 2001 Joined Marubeni Corporation Jan 2002 Joined Shion Co., Ltd. Sep 2008 Representative Partner, Fuurinraji LLC (now TechCarry Inc.) Jul 2012 Representative Director and President, Easy Movie Inc. (now GROVE Inc.) Jun 2014 Director, Lectlab Co., Ltd. Jun 2016 Representative Director and President, BANDAGE Inc. Oct 2016 Representative Director and President, Wysenraji Inc. (now UNITED PRODUCTIONS Inc.) (current) Oct 2017 Representative Director and President, Fuurinraji Inc. (now TechCarry Inc.) Jan 2018 Representative Director, Epockle Inc. May 2018 Director, MADURO ONLINE Inc. Jul 2018 Director, Chau Ti Chau Ka Co., Ltd.; Director, GROVE Inc. Aug 2018 Director, bea's up online Inc. Apr 2019 Director, KeyProduction Inc. (now TechCarry Inc.) Jun 2019 Director, the Company Mar 2021 Director and Vice President, the Company Jun 2021 Representative Director and Vice President, the Company Jan 2022 Representative Director and President, TechCarry Inc. Mar 2022 Director, TechCarry Inc. Mar 2023 Director and Vice President, the Company (current) Mar 2024 Director, macaroni Inc. (current) May 2024 Representative Director and President, TechCarry Inc. Jul 2024 Director, TechCarry Inc. (current) Aug 2025 Director, Aoi Corporation Co., Ltd. (current) Principal Concurrent Positions: Representative Director and President, UNITED PRODUCTIONS Inc.; Director, TechCarry Inc.; Director, macaroni Inc.; Director, Aoi Corporation Co., Ltd.
1978-08-16
Nobuyoshi FUJISAWA
Chairman and Director
Aug 2007 Representative Chairman, Kazaka Debt Collection Co., Ltd. (now Partir Debt Collection Co., Ltd.) Jun 2008 Representative Chairman, J Trust Co., Ltd.; Director, Masuwork Co., Ltd. (now Groberus Co., Ltd.) Jun 2010 Director, the Company; Director, J Trust Co., Ltd. Oct 2010 Director and Chief Adviser, J Trust Co., Ltd. May 2011 Representative Chairman, the Company Jun 2011 Representative President, J Trust Co., Ltd. Oct 2013 Representative President, J TRUST ASIA PTE. LTD. (current) Jan 2014 Chairman, Shinai Savings Bank, Ltd. (now JT Shinai Savings Bank, Ltd.) May 2014 Chairman and Director, the Company Jun 2015 Director in charge of New Business Division, the Company; Representative President and Chief Executive Officer, J Trust Co., Ltd.; Representative, PT JTRUST INVESTMENTS INDONESIA Jun 2016 Director, the Company Mar 2017 Outside Director, Digital Design Inc. (now J Trust Co., Ltd.) Jun 2019 Chairman and Director, the Company (current) Mar 2020 Chairman and Director, J Trust Co., Ltd. Jun 2020 Outside Director, Prospect Co., Ltd. (now J Trust Co., Ltd.); Representative Director and President, Prospect Energy Management Co., Ltd. (now J Grand Co., Ltd.) Jul 2020 Representative Chairman and Chief Executive Officer, Prospect Co., Ltd. (now J Trust Co., Ltd.) Oct 2020 Representative President and Chief Operating Officer, J Trust Co., Ltd. (current); Chairman and Director, Prospect Co., Ltd. (now J Trust Co., Ltd.) Mar 2022 Chairman and Director, H.S. Securities Co., Ltd. (now J Trust Global Securities Co., Ltd.) May 2022 Chairman and Director, Clear Co., Ltd. (current) Jun 2023 Chairman and Director, Groberus Co., Ltd. Oct 2023 Director, bijoux Co., Ltd. (now FA Project Co., Ltd.) Nov 2024 Visiting Professor, Shunan Public University (current) Apr 2025 Director, Gifu Football Club Co., Ltd. (current) Principal Concurrent Positions: Representative Director, President and Chief Operating Officer, J Trust Co., Ltd.; Representative Director and President, J TRUST ASIA PTE. LTD.; Chairman and Director, Clear Co., Ltd.; Director, Gifu Football Club Co., Ltd.; Visiting Professor, Shunan Public University
1970-01-17
Akira KANAYA
Director
Oct 1991 Joined Nihon System Gijutsu Co., Ltd. Oct 1996 Joined Nunokame Co., Ltd. Apr 1997 Joined Ikko Co., Ltd. (now J Trust Co., Ltd.) Oct 2009 General Manager, Accounting Department, Corporate Management Division, same company May 2010 General Manager, Accounting Department, same company Oct 2011 Deputy General Manager, Accounting Department, same company Jan 2012 Deputy General Manager, Accounting Planning Department, same company Jun 2014 Corporate Auditor, Crédia Co., Ltd.; Corporate Auditor, AAD Co., Ltd. (now Hokuto Printing Co., Ltd.) Jul 2014 Deputy General Manager, Accounting and Finance Department, J Trust Co., Ltd. Jun 2015 Deputy General Manager, Accounting Department, same company Jun 2017 Joined the Company; Executive Officer in charge of Accounting Department; Director in charge of Accounting Department, the Company Jun 2018 Director in charge of Accounting and General Affairs Departments, the Company Apr 2019 Director, allfuz Co., Ltd. (current) Aug 2020 Director, North River Co., Ltd. (current) Mar 2022 Director in charge of Accounting, General Affairs and Real Estate Divisions, the Company (current) Oct 2024 Director, Topos Enterprise Co., Ltd. (current); Director, TYG Shoji Co., Ltd. May 2025 Director, Red List Co., Ltd. (current) Principal Concurrent Positions: Director, allfuz Co., Ltd.; Director, North River Co., Ltd.; Director, Topos Enterprise Co., Ltd.; Director, Red List Co., Ltd.
1970-02-27
Makoto WASHIO
Director
Oct 1990 Passed the National Bar Examination Apr 1992 Joined Yamamoto Eisoku Law Office; Registered with Tokyo Bar Association Apr 1995 Joined Otsuka Tanaka Law Office; Changed registration to Second Tokyo Bar Association Apr 1998 Partner, Ginza Daiichi Law Office (current) Jul 2015 Director, Third Wave Exchange Co., Ltd. (Janpara Co., Ltd.) Aug 2015 Director, Onoda Seiki Co., Ltd. Nov 2015 Auditor, Medical Corporation Shomeikai (current) Jun 2016 Outside Director, the Company (current) Aug 2017 Corporate Auditor, Noboru Seimitsu Kogyo Co., Ltd. Mar 2021 Representative Director, Onoda Seiki Co., Ltd. (current) Principal Concurrent Positions: Partner, Ginza Daiichi Law Office; Representative Director, Onoda Seiki Co., Ltd.; Auditor, Medical Corporation Shomeikai
1960-06-30
Toshiaki KURIOKA
Corporate Auditor
Apr 1974 Joined Fuji Bank, Ltd. (now Mizuho Financial Group, Inc.) Oct 1997 Branch Manager, Ikeda Branch, same bank Apr 2002 General Manager, Foreign Exchange Center, Mizuho Corporate Bank, Ltd. (now Mizuho Bank, Ltd.) Aug 2004 General Manager, Administration Department, Mizuho International Business Services Co., Ltd. Oct 2004 Executive Officer and General Manager, Administration Department, same company Jun 2008 Outside Full-time Corporate Auditor, the Company Apr 2018 Corporate Auditor, KeyStudio Co., Ltd. (now allfuz Co., Ltd.) Jul 2018 Corporate Auditor, KeyProduction Co., Ltd. (now TechCarry Inc.) Oct 2018 Corporate Auditor, FA Project Co., Ltd. Jan 2019 Corporate Auditor, SKE Co., Ltd. (now Zest Co., Ltd.) Apr 2019 Corporate Auditor, allfuz Co., Ltd.; Corporate Auditor, Fuurinraji Inc. (now TechCarry Inc.) Jan 2020 Corporate Auditor, Hall World Media Co., Ltd. Jan 2022 Corporate Auditor, UNITED PRODUCTIONS Inc. Mar 2024 Outside Corporate Auditor, the Company (current)
1951-01-10
Yuji OIDE
Representative Director and President
Apr 2005 Joined Sumitomo Mitsui Banking Corporation Jan 2017 Joined the Company; General Manager, Business Planning Department Apr 2017 Outside Corporate Auditor, Digital Design Inc. (now J Trust Co., Ltd.) Jun 2017 Director, the Company; Director in charge of Business Planning Department and Real Estate Division Apr 2018 Representative Director and President, KeyStudio Co., Ltd. (now allfuz Co., Ltd.) Jun 2018 Director in charge of Business Planning, Finance and Real Estate Divisions, the Company; Director, Keynote Co., Ltd. (now Groberus Co., Ltd.) Jul 2018 Director, KeyProduction Co., Ltd. (now TechCarry Inc.); Representative Director and President, FA Project Co., Ltd. Jan 2019 Director, SKE Co., Ltd. (now Zest Co., Ltd.) Apr 2019 Director, allfuz Co., Ltd. (current); Director, Fuurinraji Inc. (now TechCarry Inc.); Outside Director, Cave Co., Ltd. Jan 2020 Director, Hall World Media Co., Ltd. Mar 2020 Director in charge of Business Planning and Finance Divisions, the Company Aug 2020 Director, North River Co., Ltd. Sep 2020 Director in charge of Business Planning, Finance and Real Estate Divisions, the Company Dec 2020 Director, FA Project Co., Ltd. Mar 2021 Senior Managing Director in charge of Business Planning, Finance and Real Estate Divisions, the Company; Director, UNITED PRODUCTIONS Inc. (now TechCarry Inc.) Jan 2022 Director, UNITED PRODUCTIONS Inc. Mar 2022 Representative Director and President, the Company; in charge of Business Planning, Finance and Internal Control and Audit Divisions (current); Director, Zest Co., Ltd. (current) Mar 2025 Representative Director and President, FA Project Co., Ltd. (current) May 2025 Director, Red List Co., Ltd. (current) Principal Concurrent Positions: Representative Director and President, FA Project Co., Ltd.; Director, allfuz Co., Ltd.; Director, Zest Co., Ltd.; Director, Red List Co., Ltd.
1982-04-19
Kenji KITAGAWA
Director and Vice President
Apr 2000 Joined Heat One Co., Ltd. Jan 2006 Joined Totsu Co., Ltd. May 2007 Joined KR Care Produce Co., Ltd. May 2011 Representative Director and President, North River Co., Ltd. (current) Jul 2013 General Manager, AKS Co., Ltd. (now Vernalossom Co., Ltd.) Apr 2016 Operations Department Manager, same company Apr 2020 Operations Department Manager, DH Co., Ltd. Jun 2020 Producer, same company Jul 2020 Director, the Company Mar 2023 Director and Vice President, the Company (current); Director, A Company Co., Ltd. (current) Oct 2023 Director, bijoux Co., Ltd. (now FA Project Co., Ltd.) Jan 2024 Director, 10ANTZ Co., Ltd. (current) Aug 2025 Director, Aoi Corporation Co., Ltd. (current) Jan 2026 Director, FA Project Co., Ltd. (current) Principal Concurrent Positions: Representative Director and President, North River Co., Ltd.; Director, A Company Co., Ltd.; Director, 10ANTZ Co., Ltd.; Director, Aoi Corporation Co., Ltd.; Director, FA Project Co., Ltd.
1979-08-11
Yoshihide IIMORI
Full-time Corporate Auditor
Apr 1980 Joined Nihon Shinpan Co., Ltd. (now Nexus Card Co., Ltd.) Jun 2006 Executive Officer, Rakuten KC Co., Ltd. (now Nexus Card Co., Ltd.) Aug 2011 Managing Director, KC Card Co., Ltd. (now Nexus Card Co., Ltd.) Mar 2012 Director, same company Dec 2012 Managing Director, same company Jul 2014 Director, KC Co., Ltd. (now PayPay Card Co., Ltd.) Jan 2015 Joined Y.J Card Co., Ltd. (now PayPay Card Co., Ltd.); General Manager, Compliance Division Feb 2015 Joined J Trust Co., Ltd.; General Manager, Management Department; Director, J Trust Card Co., Ltd. (now Nexus Card Co., Ltd.) Jun 2015 Executive Officer and General Manager, Management Department, J Trust Co., Ltd.; Representative Director and President, J Trust Card Co., Ltd. (now Nexus Card Co., Ltd.); General Manager, Internal Control and Audit Office Nov 2015 Executive Officer and General Manager, Management Department, J Trust Co., Ltd. Jun 2016 Director and Executive Officer, General Manager, Management Department, same company Nov 2017 Director and Executive Officer, General Manager, Human Resources and General Affairs Department, same company Jun 2018 Director, Nihon Hosho Co., Ltd. Oct 2018 Representative Director and President, Keynote Co., Ltd. (now Groberus Co., Ltd.) Dec 2018 Director and Executive Officer, General Manager, General Affairs Department, J Trust Co., Ltd. Jun 2019 Director and Executive Officer, General Manager, Audit Office, same company; Auditor, J Trust Card Co., Ltd. (now Nexus Card Co., Ltd.) Mar 2020 Representative Director and President, same company Mar 2025 Full-time Corporate Auditor, the Company (current); Auditor, FA Project Co., Ltd. (current); Auditor, Zest Co., Ltd. (current); Auditor, allfuz Co., Ltd. (current); Auditor, UNITED PRODUCTIONS Inc. (current); Auditor, Topos Enterprise Co., Ltd. (current) May 2025 Auditor, Red List Co., Ltd. (current) Aug 2025 Auditor, Aoi Corporation Co., Ltd. (current) Principal Concurrent Positions: Auditor, FA Project Co., Ltd.; Auditor, Zest Co., Ltd.; Auditor, allfuz Co., Ltd.; Auditor, UNITED PRODUCTIONS Inc.; Auditor, Topos Enterprise Co., Ltd.; Auditor, Red List Co., Ltd.; Auditor, Aoi Corporation Co., Ltd.
1956-12-02
Hideo HIRAOKA
Corporate Auditor
Apr 1978 Joined Yamaguchi Mutual Bank, Ltd. (now Saikyo Bank, Ltd.) Jun 2005 Director and Executive Officer, same bank Jun 2008 Managing Director, General Manager, Corporate Planning Division (Representative Director), same bank Jun 2009 Senior Managing Director, General Manager, Corporate Planning Division (Representative Director), same bank Jun 2010 Director and President (Representative Director), same bank Apr 2022 Director and Chairman (Representative Director), same bank Apr 2025 Chairman, same bank (current) Principal Concurrent Positions: Chairman, Saikyo Bank, Ltd.
1956-02-14
Large Shareholding Reports
J Trust Co., Ltd.
2026-06-17
29.78%→29.78%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-06-30): 30.06%
J Trust Co., Ltd.
2026-06-16
29.78%→29.78%
Annual report (as of 2026-06-30): 30.06%
J Trust Co., Ltd.
2026-05-12
29.82%→29.78%
Annual report (as of 2026-06-30): 30.06%
J Trust Co., Ltd.
2026-02-02
29.82%→29.82%
Annual report (as of 2026-06-30): 30.06%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
EDINETAmended
2026-06-17
Change Report
EDINET
2026-06-16
Large Shareholding Report
TDnet
2026-05-14
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-05-12
Large Shareholding Report
EDINET
2026-03-24
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-02-02
Large Shareholding Report
TDnet
2025-11-13
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-14
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-26
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-10
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-27
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINETAmended
2023-11-14
Amended Securities Registration Statement
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-11-13
Securities Registration Statement
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-29
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-30
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-05-13
Quarterly Securities Report
EDINET
2021-03-31
Annual Securities Report
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