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Overview

NS Group,Inc.

NS Group, Inc. is a holding company whose core operating subsidiary, Nihon Safety Co., Ltd. (founded 1997), provides rent guarantee (家賃債務保証) and rent collection agency services across Japan. The company acts as a joint-and-several guarantor for residential, commercial, and other lease contracts, assuming liability for unpaid rent and restoration costs on behalf of tenants, while collecting guarantee fees from tenants at contract inception and renewal. Key competitive strengths include a proprietary core system (SIONS) incorporating AI-driven credit scoring, a high-approval-rate underwriting philosophy, a differentiated split-remittance collection agency service with minimal competition, and a registered tenant network exceeding 60,000 real estate outlets nationwide.

Market Cap

¥78.7B

US$502M

¥—B

Stock¥1,509▲+1.41%

US$1 = ¥156.80 (2026-10-23)

ROE

25.0%

* LTM NI / end-of-period equity

PBR

2.9

Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+0.8%pt

Dec 16, 25 – Oct 23, 26StockTOPIX

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Performance & Balance

Revenue 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

51%

49%

EquityD/E 0.97xDebt

Liquidity vs Debt 5Y (¥B)▼ Net Debt

CashInv. Sec.Debt

Shareholders

Top 10 hold 68.3%

as of 2026-06-30 · Source: Annual Securities Report

BV Asset Co., Ltd.

45.79%

The Master Trust Bank of Japan, Ltd. (Trust Account)

7.11%

Akihiro OTANI

4.07%

BiVa Holdings Co., Ltd.

4.03%

Custody Bank of Japan, Ltd. (Trust Account)

2.09%

Shin SHIMIZU

1.31%

BBH FOR MATTHEWS JAPAN FUND (Standing Proxy: MUFG Bank, Ltd.)

1.23%

Nomura Securities Co., Ltd.

1.01%

BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)

0.84%

JPMorgan Securities Japan Co., Ltd.

0.82%

Management

7 officers

Takayuki OTSUKA

Representative Director, President

Apr 1987 Joined Recruit Co., Ltd. Jul 1992 Joined CIS Co., Ltd. (now Sony Global Solutions Inc.) Jan 1997 General Manager, Sales Department, CIS Co., Ltd. Jul 1998 General Manager, Corporate Planning Department, CIS Co., Ltd. Oct 1999 Executive Officer and General Manager, Learning Company, CIS Co., Ltd. Jul 2004 Joined GE Consumer Finance Co., Ltd. (now Shinsei Financial Co., Ltd.); Master Black Belt (MBB) Oct 2006 General Manager, New Business Division, GE Consumer Finance Co., Ltd. Jul 2008 General Manager, Healthcare IT Business Division, GE Healthcare Japan Co., Ltd. Jun 2013 Executive Officer and General Manager, Marketing Division, Nihon GE K.K. (now GE Japan Co., Ltd.) Apr 2017 Joined Panasonic Healthcare Co., Ltd. (now PHC Corporation); Executive Officer and Deputy General Manager, Medico Business Division Apr 2017 Director, Panasonic Healthcare Medicom Networks Co., Ltd. (now WiMEX Co., Ltd.) Jul 2017 Director and General Manager, Medico Business Division, Panasonic Healthcare Co., Ltd.; Director, Shinko Service Co., Ltd. (now SHINKO Co., Ltd.) Apr 2018 Director, PHC Medicom Networks Co., Ltd. (now WiMEX Co., Ltd.); Director and Executive Officer, and General Manager, Medico Business Division, PHC Co., Ltd. Apr 2020 Executive Officer and Head of Healthcare Solutions Joint Domain, PHC Holdings Corporation Apr 2021 Director, PHC Medicom Co., Ltd. (now WiMEX Co., Ltd.) Jul 2022 Director, LSI Medience Corporation Apr 2023 Representative Director, President, WiMEX Co., Ltd. Oct 2023 Director, WiMEX Healthcare Systems Co., Ltd. Sep 2024 Director, NS Group Co., Ltd. (formerly NS Group Co., Ltd.) Nov 2024 Director, Nihon Safety Co., Ltd. Dec 2024 Representative Director, President, NS Group Co., Ltd. (formerly NS Group Co., Ltd.); Representative Director, President, Nihon Safety Co., Ltd. (current) Jan 2025 Representative Director, President, NS Group Co., Ltd. (formerly NS Group Co., Ltd.); Member, Nomination and Remuneration Committee Oct 2025 Representative Director, President, the Company; Member, Nomination and Remuneration Committee (current)

1964-01-07

Kazuhiro HOYAMA

Senior Managing Director

Apr 1991 Joined JSS Co., Ltd. Aug 1994 Joined Saison Co., Ltd. Oct 1995 Joined Taishin Co., Ltd. May 1999 Joined Mitaka Sangyo Co., Ltd. Sep 1999 Joined Nihon Safety Co., Ltd. (formerly Nihon Safety Co., Ltd.) Mar 2000 Director, Nihon Safety Co., Ltd. Jan 2005 General Manager, Kobe Branch, Nihon Safety Co., Ltd. Jan 2007 Managing Director, Nihon Safety Co., Ltd. Feb 2016 Senior Managing Director, Nihon Safety Co., Ltd. Dec 2021 Director, the Company (BCJ-53 Co., Ltd.); Senior Managing Director, BV Asset Co., Ltd. (now Nihon Safety Co., Ltd.) (current); Senior Managing Director, NS Group Co., Ltd. (formerly NS Group Co., Ltd.) Oct 2025 Senior Managing Director, the Company (current)

1973-02-03

Shin SHIMIZU

Director and Senior Adviser

Apr 1988 Joined Osaka Kogin Credit Cooperative Aug 1990 Joined Minori Co., Ltd. Nov 1999 Director, Kyoshin Ltd. Nov 2008 Representative Director, Admi Co., Ltd. Sep 2009 Director, Nihon Safety Co., Ltd. (formerly Nihon Safety Co., Ltd.) Feb 2010 Representative Director, Nihon Safety Co., Ltd. Mar 2018 Representative Director, Sakamoto Corporation (now Landia Co., Ltd.) Aug 2020 Director, BiVa Holdings Co., Ltd. Dec 2021 Director, the Company (BCJ-53 Co., Ltd.); Representative Director, BV Asset Co., Ltd. (now Nihon Safety Co., Ltd.); Representative Director, NS Group Co., Ltd. (formerly NS Group Co., Ltd.) Sep 2022 Representative Director, Grand Marine Co., Ltd. Mar 2023 Director, Nihon Safety Co., Ltd. (current); Director, NS Group Co., Ltd. (formerly NS Group Co., Ltd.) Dec 2023 Director and Senior Adviser, NS Group Co., Ltd. (formerly NS Group Co., Ltd.) Oct 2025 Director and Senior Adviser, the Company (current)

1967-09-05

Shoko SHIGENO

Director

Oct 2002 Joined Midosuji Law Office (Attorney Corporation); registered as attorney-at-law Jan 2014 Partner, Midosuji Law Office (current) Jun 2023 Outside Audit & Supervisory Board Member, Chubu Shiryo Co., Ltd. (current) Mar 2025 Outside Director, NS Group Co., Ltd. (formerly NS Group Co., Ltd.); Member, Nomination and Remuneration Committee Oct 2025 Outside Director, the Company; Member, Nomination and Remuneration Committee (current)

1976-09-27

Motoo MATSUZAWA

Director (Full-time Audit and Supervisory Committee Member)

Apr 1978 Joined Dai-Ichi Kangyo Bank, Ltd. Apr 2001 Transferred to Mizuho Holdings, Inc. (now Mizuho Financial Group, Inc.) Jun 2003 Joined Ferragamo Japan Co., Ltd. Mar 2007 Director and General Manager, Accounting and Finance Division (CFO), Ferragamo Japan Co., Ltd. Feb 2012 Joined Taiko Pharmaceutical Co., Ltd. Jun 2012 Audit & Supervisory Board Member, Taiko Pharmaceutical Co., Ltd. Feb 2017 Outside Director, Morito Co., Ltd. (current) Jun 2018 Director, Audit and Supervisory Committee Member, Taiko Pharmaceutical Co., Ltd. Oct 2019 Audit & Supervisory Board Member, CureApp, Inc. Dec 2023 Outside Director, Audit and Supervisory Committee Member, NS Group Co., Ltd. (formerly NS Group Co., Ltd.) Jan 2025 Outside Director, Audit and Supervisory Committee Chair, NS Group Co., Ltd. (formerly NS Group Co., Ltd.); Chair, Nomination and Remuneration Committee Oct 2025 Outside Director, Audit and Supervisory Committee Chair, the Company; Chair, Nomination and Remuneration Committee (current)

1955-01-01

Tomosada YOSHIKAWA

Director (Audit and Supervisory Committee Member)

Apr 1989 Joined Tokyu Land Corporation Apr 1993 Joined Capital Sangyo Co., Ltd. Jul 1996 Joined Parametric Technology (Japan) K.K. (now PTC Japan Co., Ltd.) May 2000 Joined Cyberbird Co., Ltd. Feb 2001 Executive Officer, Cyberbird Co., Ltd. Jun 2001 Director, Cyberbird Co., Ltd. Jun 2004 Director and Vice President, Cyberbird Co., Ltd. Apr 2005 Director and Executive Vice President, Cyberbird Co., Ltd. Sep 2006 Director, JIMOS Co., Ltd. Oct 2006 Senior Executive Officer, Cyberbird Holdings Co., Ltd. (now Cyberbird Co., Ltd.); Director, Cyberbird Investment Partners Co., Ltd.; Director, Cyberbird Co., Ltd. Jun 2007 Director, Taiko Pharmaceutical Co., Ltd. Jun 2009 Managing Director, Taiko Pharmaceutical Co., Ltd. Jul 2010 Part-time Lecturer, Graduate School of Medicine, Kyoto University (current) Jun 2013 Senior Managing Director, Taiko Pharmaceutical Co., Ltd. Apr 2017 Industry-Academia Collaboration Fellow, Graduate School of Medicine, Kyoto University (current) Mar 2018 Outside Director, Audit and Supervisory Committee Member, Klab Inc. (current); Outside Director, Tera Co., Ltd. Oct 2018 Executive Officer, SUS Co., Ltd. Dec 2018 Director, SUS Co., Ltd. Aug 2019 Audit & Supervisory Board Member, Visualize Co., Ltd. Sep 2019 Director, CrossReality Inc. (current); Outside Director, Paradigm Shift Co., Ltd. Dec 2019 Vice President and Director, SUS Co., Ltd. (current) Jun 2020 Outside Director, Meis Technology Co., Ltd. Aug 2021 Representative Director, President, Primeroad Co., Ltd. (current) Dec 2021 Outside Director, the Company (BCJ-53 Co., Ltd.); Outside Director, BV Asset Co., Ltd. (now Nihon Safety Co., Ltd.); Outside Director, NS Group Co., Ltd. (formerly NS Group Co., Ltd.) Apr 2023 Director, AMP.KYOTO Inc. (current) Sep 2023 Outside Director, Audit and Supervisory Committee Member, T.O.W. Co., Ltd. (current) Dec 2023 Outside Director, Audit and Supervisory Committee Member, NS Group Co., Ltd. (formerly NS Group Co., Ltd.) Jan 2025 Outside Director, Audit and Supervisory Committee Member, Nomination and Remuneration Committee, NS Group Co., Ltd. (formerly NS Group Co., Ltd.) Oct 2025 Outside Director, Audit and Supervisory Committee Member, Nomination and Remuneration Committee, the Company (current)

1966-11-02

Shinkichi MATSUO

Director (Audit and Supervisory Committee Member)

Apr 1991 Joined Mitsubishi Electric Corporation Apr 1993 Joined City of Yokohama Oct 1995 Joined Ohta Showa Audit Corporation (now EY ShinNihon LLC) Apr 1999 Registered as Certified Public Accountant Jul 2010 Partner, Shin Nihon LLC (now EY ShinNihon LLC) Jul 2018 Representative Director, NextLeap Co., Ltd. (current) Oct 2018 Outside Audit & Supervisory Board Member, Ambis Holdings Co., Ltd. Jun 2019 Outside Audit & Supervisory Board Member, Seikagaku Corporation (current) Aug 2019 Outside Audit & Supervisory Board Member, Takara Printing Co., Ltd. (now TAKARA & COMPANY Inc.) (current) Dec 2023 Outside Director, Audit and Supervisory Committee Member, NS Group Co., Ltd. (formerly NS Group Co., Ltd.) Jun 2024 Outside Director, Audit and Supervisory Committee Member, Fujars Holdings Co., Ltd. (current) Jan 2025 Outside Director, Audit and Supervisory Committee Member, Nomination and Remuneration Committee, NS Group Co., Ltd. (formerly NS Group Co., Ltd.) Oct 2025 Outside Director, Audit and Supervisory Committee Member, Nomination and Remuneration Committee, the Company (current)

1969-01-09

Large Shareholding Reports

BV Asset Co., Ltd.

2026-10-02

45.00%→45.00%

Annual report (as of 2026-06-30): 45.79%

BV Asset Co., Ltd.

2026-09-30

45.00%→45.00%

Annual report (as of 2026-06-30): 45.79%

BCPE Say Cayman2, L.P.

2026-06-04

1.43%→0.00%

BV Asset Co., Ltd.

2026-04-01

45.00%→45.00%

Annual report (as of 2026-06-30): 45.79%

BV Asset Co., Ltd.

2026-03-10

45.00%→45.00%

Annual report (as of 2026-06-30): 45.79%

BV Asset Co., Ltd.

2026-03-10

45.00%→45.00%

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

Annual report (as of 2026-06-30): 45.79%

BV Asset Co., Ltd.

2026-02-12

45.00%→45.00%

Annual report (as of 2026-06-30): 45.79%

BCPE Say Cayman, L.P.

2025-12-22

5.22%

BV Asset Co., Ltd.

2025-12-19

45.00%

Annual report (as of 2026-06-30): 45.79%

Disclosures

No disclosures

Primary Source Filings

EDINETAmended

2026-10-02

Change Report

NS Group,Inc.

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NS Group,Inc.

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