Overview
Information & Communication

POPER Co.,Ltd.

POPER develops and provides 'Comiru,' a SaaS-based back-office management platform purpose-built for cram schools (juku) and other education operators in Japan. The platform digitizes administrative workflows—including student management, billing, parent communication, and staff scheduling—enabling instructors to focus on teaching rather than paperwork. The company has expanded its service suite to include ComiruAir (online/home learning support), ComiruHR (instructor labor management), BIT CAMPUS (acquired legacy system for juku management), and ComiruPay (fintech-based tuition billing and direct-debit payment service).

Market Cap
US$9.27M
¥1.48B
EV
US$4.87M
¥0.78B
StockUS$2.39(¥382)▲+0.00%
US$1 = ¥159.70 (2026-11-12)
LTM EV/EBITDA
8.2
x
LTM EV/EBIT
10.0
x
LTM PER
77.9
x
LTM PBR
1.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-75.2%pt
10012
Nov 13, 25 – Nov 13, 26StockTOPIX
1Dec 12, 25Full-year FY2025/10 earnings announced
2Jun 12, 26Q2 FY2026/10 earnings announced
MC → EV Bridge
US$9.27M¥1.48BMarket CapUS$0.50M¥0.08B+ DebtUS$4.90M¥0.78B− CashUS$0.00M¥0.00B− Inv. Sec.US$4.87M¥0.78BEV
AI Briefing
POPER runs Comiru, a SaaS back-office platform for Japan's SME-heavy cram school market, expanding into fintech via ComiruPay. FY25/10 revenue US$8.77M (¥1.4B), OP margin up to 12.5%, continuing a steady four-year climb from near-breakeven. Ownership is founder-concentrated with a school-operator strategic holder among top shareholders, underscoring the sector's structural fragmentation and digitization runway.
Performance & Balance
Revenue 5Y (US$)
US$4.16M¥0.67B'22/10US$5.19M¥0.83B'23/10US$6.71M¥1.07B'24/10US$8.70M¥1.39B'25/10
EBITDA 5Y (US$)
-US$0.10M¥-0.02B'22/10US$0.25M¥0.04B'23/10US$0.52M¥0.08B'24/10US$1.19M¥0.19B'25/10
Net Income 5Y (US$)
US$0.04M¥0.01B'22/10US$0.16M¥0.03B'23/10US$0.52M¥0.08B'24/10US$0.86M¥0.14B'25/10
Capital Structure
92%
EquityD/E 0.09xDebt
Liquidity vs Debt 5Y (US$)▲ Net Cash
CashInv. Sec.Debt
US$3.17M¥0.51BUS$1.03M¥0.16B'22/10US$4.13M¥0.66BUS$0.72M¥0.11B'23/10US$4.42M¥0.71BUS$1.17M¥0.19B'24/10US$5.32M¥0.85BUS$0.81M¥0.13B'25/10
Shareholders
Top 10 hold 73.6%
1
Shingo KURIHARA
29.97%
2
Surugadai Gakuen School Corporation
14.57%
3
UH6 Inc.
6.60%
4
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
5.50%
5
KVP Seed Innovation No. 1 Investment Limited Partnership
3.79%
6
Renjun MIAO
3.58%
7
Mynavi Corporation
3.11%
8
Kyo ITO
2.27%
9
EPARK, Inc.
2.13%
10
Zhipeng YAO
2.11%
Management
8 officers
Shingo KURIHARA
Representative Director
Apr 2007 Joined Sumitomo 3M Limited (current: 3M Japan Limited) Jul 2011 Joined Soulout Inc. Jun 2012 Joined ST Shingaku Kyoshitsu Jan 2015 Established the Company; assumed office as Representative Director (current)
1983-11-02
Renjun MIAO
Director, CTO
Apr 2012 Joined Yume Technology Inc. Jan 2013 Joined Wano Inc. Feb 2014 Established Toki Shoji Co., Ltd.; assumed office as Representative Director Nov 2014 Established Hangzhou Qiuzun Network Technology Jan 2016 Joined Odigo Japan Inc. (current: Tokyo Creative Inc.) Jul 2016 Joined WhatzMoney Inc. Jan 2017 Joined the Company Jul 2017 Assumed office as Director, CTO (current)
1986-03-25
Keisuke HAYASHI
Director, COO
Apr 2007 Joined DesignUnit-a Apr 2009 Established Khayashi Design Office Sep 2011 Joined Gakuu Inc. Oct 2013 Joined Willgate Inc. Apr 2018 Joined the Company Sep 2018 Assumed office as Director, COO (current)
1983-07-05
Zhipeng YAO
Director, CFO
Apr 2008 Joined Daiwa Securities SMBC Co., Ltd. (current: Daiwa Securities Co. Ltd.) Jul 2012 Joined A.T. Kearney K.K. Apr 2016 Joined Welby Inc. Jun 2017 Assumed office as Executive Officer and General Manager of Administration Department at Welby Inc. Apr 2019 Assumed office as Executive Officer and General Manager of Corporate Planning Office at Welby Inc. Jul 2020 Joined the Company Feb 2021 Assumed office as Director, CFO (current)
1983-05-06
Keiji WADA
Director
Apr 2006 Joined Mizuho Bank, Ltd. Jan 2010 Joined Shinsei Legal Accounting Co., Ltd. (current: KTM Presence Co., Ltd.) Apr 2010 Assumed office as Representative Partner of Block LLC Jan 2012 Joined Aoyama Sogo Accounting Office Ltd. Feb 2013 Joined Shinsei Legal Accounting Co., Ltd. (current: KTM Presence Co., Ltd.) Apr 2013 Assumed office as Director of the same company Jun 2014 Assumed office as Director of Shinsei Asset Management Co., Ltd. Nov 2017 Assumed office as Outside Audit & Supervisory Board Member of Aube System Co., Ltd. Apr 2018 Joined Edot Inc. (current: Birdman Inc.) Jul 2019 Assumed office as Outside Audit & Supervisory Board Member of E-Tai Co., Ltd. Feb 2021 Assumed office as Outside Director of the Company (current) Sep 2022 Assumed office as Director of E-Tai Co., Ltd. Jan 2025 Assumed office as Representative Director of Breakthrough Partner Management Co., Ltd. (current)
1983-03-13
Yumiko NOGUCHI
Audit & Supervisory Board Member
Oct 2002 Joined Asahi Audit Corporation (current: Azsa LLC) Feb 2006 Assumed office as Director of Eijif Co., Ltd. May 2006 Registered as Certified Public Accountant Aug 2020 Assumed office as Outside Audit & Supervisory Board Member of the Company (current) Sep 2021 Assumed office as Director of Asunoba, a Public Interest Incorporated Foundation (current) Jun 2022 Assumed office as Outside Director (Audit and Supervisory Committee Member) of Welbe Inc. Aug 2023 Assumed office as Outside Audit & Supervisory Board Member of Table Cloth Inc. Nov 2025 Assumed office as Outside Audit & Supervisory Board Member of PRAP Japan Inc. (current)
1978-06-09
Masahiro ITO
Audit & Supervisory Board Member
May 1996 Joined Andersen Consulting (current: Accenture K.K.) Oct 2000 Joined Skylight Consulting Inc. Dec 2008 Registered as Attorney-at-Law Jan 2009 Joined Uchida Samejima Law Office Dec 2010 Assumed office as Outside Audit & Supervisory Board Member of waja Inc. Sep 2011 Assumed office as Outside Audit & Supervisory Board Member of Team Spirit Inc. Mar 2012 Assumed office as Outside Audit & Supervisory Board Member of Webledge Inc. Jun 2014 Assumed office as Outside Audit & Supervisory Board Member of Sophia Holdings Inc. Jun 2015 Assumed office as Outside Audit & Supervisory Board Member of Information Technology Development Co., Ltd. Sep 2017 Assumed office as Outside Audit & Supervisory Board Member of Matsurica Inc. (current) Dec 2017 Assumed office as Partner of City Lights Law Office (current) Jul 2020 Assumed office as Outside Audit & Supervisory Board Member of Unbalance Inc. Feb 2021 Assumed office as Outside Audit & Supervisory Board Member of StoreHero Inc. (current) Feb 2021 Assumed office as Outside Audit & Supervisory Board Member of the Company (current) Apr 2021 Assumed office as Outside Audit & Supervisory Board Member of Karakuri Inc. (current) Apr 2021 Assumed office as Outside Audit & Supervisory Board Member of MyBest Inc. (current) Jun 2023 Assumed office as Outside Director (Audit and Supervisory Committee Member) of Information Technology Development Co., Ltd. (current)
1971-10-13
Fumitaka NAGAI
Audit & Supervisory Board Member
Dec 2005 Joined Deloitte Touche Tohmatsu LLC Jul 2010 Registered as Certified Public Accountant Sep 2011 Established Fumitaka Nagai CPA Office; assumed office as Representative (current) Oct 2011 Registered as Certified Tax Accountant Jan 2013 Registered as U.S. Certified Public Accountant Jun 2015 Assumed office as Outside Director of Cruise Inc. Jun 2016 Assumed office as Outside Director (Audit and Supervisory Committee Member) of Cruise Inc. (current) Jun 2018 Assumed office as Representative Director of AURUM Inc. (current) Dec 2019 Assumed office as Outside Audit & Supervisory Board Member of Sumasapo Inc. (current) Feb 2021 Assumed office as Outside Audit & Supervisory Board Member of the Company (current)
1977-02-20
Large Shareholding Reports
UH6 Co., Ltd.
2026-06-19
6.48%→6.48%
Annual report (as of 2026-04-30): 6.60%
UH6 Co., Ltd.
2026-04-07
6.48%
Annual report (as of 2026-04-30): 6.60%
Koutsushin Co., Ltd.
2026-04-01
7.48%→7.48%
Koutsushin Co., Ltd.
2026-03-05
7.48%→7.48%
SBI Securities Co., Ltd.
2025-11-07
5.20%→4.20%
SBI Securities Co., Ltd.
2025-10-21
5.92%→5.20%
Koutsushin Co., Ltd.
2025-09-29
7.52%→7.48%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-09-11
Q3 Earnings Flash
FY ending Oct 2026
EDINET
2026-06-19
Large Shareholding Report
EDINET
2026-06-11
Semi-Annual Securities Report
Period: Nov 2025 – Apr 2026
EDINET
2026-04-07
Large Shareholding Report
EDINET
2026-04-01
Large Shareholding Report
TDnet
2026-03-12
Q1 Earnings Flash
FY ending Oct 2026
EDINET
2026-03-05
Large Shareholding Report
EDINET
2026-01-26
Annual Securities Report
Period: Nov 2024 – Oct 2025
TDnet
2025-12-11
Full-Year Earnings Flash
FY ending Oct 2025
EDINET
2025-11-07
Large Shareholding Report
EDINET
2025-10-21
Large Shareholding Report
EDINET
2025-09-29
Large Shareholding Report
TDnet
2025-09-11
Q3 Earnings Flash
FY ending Oct 2025
EDINET
2025-06-12
Semi-Annual Securities Report
Period: Nov 2024 – Oct 2025
TDnet
2025-03-13
Q1 Earnings Flash
FY ending Oct 2025
EDINET
2025-01-30
Annual Securities Report
Period: Nov 2023 – Oct 2024
EDINET
2024-06-13
Quarterly Securities Report
Period: Feb 2024 – Apr 2024
EDINET
2024-03-14
Quarterly Securities Report
Period: Nov 2023 – Jan 2024
EDINET
2024-01-26
Annual Securities Report
Period: Nov 2022 – Oct 2023
EDINET
2023-09-14
Quarterly Securities Report
Period: May 2023 – Jul 2023
EDINET
2023-06-14
Quarterly Securities Report
Period: Feb 2023 – Apr 2023
EDINET
2023-03-14
Quarterly Securities Report
Period: Nov 2022 – Jan 2023
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