Overview
Information & Communication

OBIC BUSINESS CONSULTANTS CO.,LTD.

Obic Business Consultants (OBC) develops and provides cloud-based enterprise software solutions under the '奉行 (Bugyo)' series, covering core back-office functions including accounting, payroll, HR, and sales management primarily targeting Japanese SMEs and mid-sized enterprises. The company distributes its products through a partner network and has expanded its offerings to include AI-powered agents for consolidated accounting and lease accounting compliance, as well as invoice DX (digital transformation) services aligned with Japan's electronic invoicing regulations. OBC holds a leading market share in back-office cloud solutions for the Japanese corporate market, differentiating through deep regulatory compliance expertise, a broad SaaS/IaaS product lineup, and a well-established partner ecosystem built over 40 years.

Market Cap
¥708B
US$4.52B
EV
¥561B
US$3.58B
Stock¥9,420▲+0.06%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
22.1
x
LTM EV/EBIT
22.8
x
LTM PER
37.4
x
LTM PBR
4.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-14.0%pt
1001234
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jan 30, 26Q3 earnings guidance downward revision
2Feb 4, 26Disappointing Q3 earnings & flat guidance
3Feb 5, 26Share buyback announcement & enhanced returns
4Feb 26, 26Mid-term plan announcement & growth strategy
MC → EV Bridge
708BUS$4.52BMarket Cap0.00BUS$0.00M+ Debt114BUS$730M− Cash33.1BUS$211M− Inv. Sec.561BUS$3.58BEV
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Performance & Balance
Revenue 5Y (¥B)
34.8US$222M'22/333.7US$215M'23/342.0US$268M'24/347.0US$300M'25/351.4US$328M'26/3
EBITDA 5Y (¥B)
16.8US$107M'22/315.1US$96.3M'23/319.3US$123M'24/322.3US$142M'25/324.2US$155M'26/3
Net Income 5Y (¥B)
11.8US$75.3M'22/311.0US$70.4M'23/313.8US$88.3M'24/316.2US$103M'25/318.1US$116M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
157US$1.00B'22/3163US$1.04B'23/3181US$1.16B'24/3192US$1.23B'25/3151US$960M'26/3
Shareholders
Top 10 hold 80.1%
1
OBIC Co.,Ltd.
36.81%
2
Seiji WADA
21.07%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
6.77%
4
Hiroko WADA
4.80%
5
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
3.88%
6
Custody Bank of Japan, Ltd. (Trust Account)
2.24%
7
JP MORGAN CHASE BANK 380055 (Standing Proxy: Mizuho Bank, Ltd.)
1.49%
8
THE BANK OF NEW YORK MELLON 140044 (Standing Proxy: Mizuho Bank, Ltd.)
1.11%
9
UBS AG SINGAPORE (Standing Proxy: Citibank, N.A., Tokyo Branch)
0.97%
10
STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)
0.96%
Management
9 officers
Yorihiro NODA
Chairman of the Board, Non-Executive Director
Apr 1968 Established OBIC Co., Ltd.; assumed office as Representative Director, President of the same company Nov 1979 Assumed office as Representative Director, President, OBIC Office Automation Co., Ltd. May 1981 Assumed office as Representative Director, Chairman of the Company Jan 1996 Assumed office as Representative Director, Chairman, OBIC Office Automation Co., Ltd. (current) Jun 1996 Assumed office as Director, Chairman of the Company (current) Apr 2003 Assumed office as Representative Director, Chairman, OBIC Co., Ltd. Feb 2006 Assumed office as Representative Director, Chairman and President, OBIC Co., Ltd. Apr 2013 Assumed office as Representative Director, Chairman, OBIC Co., Ltd. (current)
1938-08-24
Seiji WADA
Representative Director, President and Executive Officer
Dec 1980 Established the Company; assumed office as Representative Director, President of the Company Apr 2009 Assumed office as Representative Director, President and General Manager of Sales Division of the Company Mar 2020 Representative Director, President of the Company Jun 2025 Assumed office as Representative Director, President and Executive Officer of the Company (current)
1952-08-30
Hiroko WADA
Representative Director, Executive Vice President and Executive Officer, General Manager of Administration Division
Dec 1980 Established the Company; assumed office as Director of the Company Jan 1983 Assumed office as Managing Director of the Company Jan 1990 Managing Director, General Manager of Administration Division of the Company Jun 1999 Assumed office as Senior Managing Director, General Manager of Administration Division of the Company Mar 2020 Assumed office as Representative Director, Executive Vice President, General Manager of Administration Division of the Company Jun 2025 Assumed office as Representative Director, Executive Vice President and Executive Officer, General Manager of Administration Division of the Company (current)
1953-05-22
Seiichi KUROZU
Audit & Supervisory Board Member
Jan 1982 Joined Showa Audit Corporation (currently EY ShinNihon LLC) Jul 1985 Joined the Company Apr 1991 General Manager, Product Management Department, Development Division of the Company Apr 1996 Assumed office as Director of the Company Jul 2003 General Manager, Application Development Department of the Company Jun 2004 Assumed office as Audit & Supervisory Board Member of the Company (current)
1955-04-29
Shoichi TACHIBANA
Non-Executive Director
Apr 1985 Joined OBIC Co., Ltd. Apr 2008 Assumed office as Vice President and Director of OBIC Co., Ltd.; General Manager, Solution Division and General Manager, Solution Promotion Division of the same company; Director, OBIC Office Automation Co., Ltd. Jun 2009 Assumed office as Director of the Company (current) Apr 2013 Assumed office as Representative Director, President of OBIC Co., Ltd. (current) Jun 2014 Assumed office as Managing Director of OBIC Office Automation Co., Ltd. Jun 2018 Assumed office as Representative Director, President of OBIC Office Automation Co., Ltd. (current)
1961-04-26
Junji NARITA
Non-Executive Director
Aug 1965 Joined Hakuhodo Inc. Feb 1995 Assumed office as Director of Hakuhodo Inc.; Director, Head of TV Station Division Dec 1998 Assumed office as Managing Director of Hakuhodo Inc. Jun 2002 Assumed office as Director, Senior Executive Officer of Hakuhodo Inc. Oct 2003 Assumed office as Representative Director, President of Hakuhodo Inc. Concurrently Director (non-executive) of Hakuhodo DY Holdings Inc. Jun 2010 Representative Director of Hakuhodo DY Holdings Inc.; concurrently Representative Director, Chairman of Hakuhodo Inc. Jun 2015 Director, Chairman of Hakuhodo DY Holdings Inc.; concurrently Director, Chairman of Hakuhodo Inc. Apr 2017 Director, Chairman of Hakuhodo DY Holdings Inc.; concurrently Director, Senior Advisor of Hakuhodo Inc. Jun 2019 Director, Senior Advisor of Hakuhodo DY Holdings Inc.; concurrently Director, Senior Advisor of Hakuhodo Inc. Jun 2020 Senior Advisor of Hakuhodo DY Holdings Inc.; concurrently Senior Advisor of Hakuhodo Inc. Jun 2024 Assumed office as Director of the Company (current) Apr 2025 Senior Advisor of Hakuhodo Inc. (current)
1940-11-18
Shintaro TOMINAGA
Non-Executive Director
Apr 1990 Joined Tokio Marine & Nichido Fire Insurance Co., Ltd. Jul 1997 Resigned from Tokio Marine & Nichido Fire Insurance Co., Ltd. Oct 2001 Registered as attorney-at-law (Dai-Ichi Tokyo Bar Association) Oct 2002 Joined Matsuo Sogo Law Office (currently Matsuo Sogo Law Office, Attorneys at Law) (current) Jun 2026 Assumed office as Director of the Company (current)
1966-07-05
Toshiro TAKAHASHI
Non-Executive Audit & Supervisory Board Member
Apr 1998 Registered as attorney-at-law (Second Tokyo Bar Association); joined Yonezu Partners Law Office Apr 2001 Joined Nagatacho Law Office as Partner (current) Jun 2019 Assumed office as Audit & Supervisory Board Member of the Company (current)
1971-10-07
Tomonori ANAN
Non-Executive Audit & Supervisory Board Member
Apr 1999 Joined OBIC Co., Ltd. Apr 2017 General Manager, Strategy Planning Office, Marketing Promotion Division of OBIC Co., Ltd. Apr 2018 General Manager, Management Planning Office of OBIC Co., Ltd. Apr 2020 Executive Officer, General Manager, Management Planning Office and General Manager, Accounting Division of OBIC Co., Ltd. Jun 2020 Assumed office as Audit & Supervisory Board Member of OBIC Office Automation Co., Ltd. (current) Jun 2021 Assumed office as Audit & Supervisory Board Member of the Company (current) Apr 2025 Executive Officer, General Manager, Accounting Division of OBIC Co., Ltd. (current)
1976-10-13
Large Shareholding Reports
First Eagle Investment Management, LLC
2026-07-21
7.05%→8.07%
First Eagle Investment Management, LLC
2026-06-18
5.98%→7.05%
First Eagle Investment Management, LLC
2026-05-20
5.98%
Invesco Asset Management Co., Ltd.
2025-12-19
2.71%→1.85%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-22
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-21
Large Shareholding Report
EDINET
2026-06-18
Large Shareholding Report
EDINET
2026-06-18
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-20
Large Shareholding Report
TDnet
2026-01-26
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-19
Large Shareholding Report
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-23
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-19
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-24
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-24
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-02
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-06
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-07
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-27
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-03
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-04
Quarterly Securities Report
EDINET
2022-08-03
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-03
Quarterly Securities Report
EDINET
2021-11-04
Quarterly Securities Report
EDINET
2021-08-03
Quarterly Securities Report
EDINET
2021-06-22
Annual Securities Report
EDINET
2021-02-05
Quarterly Securities Report
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