Overview
Information & Communication

BTM,Inc.

BTM provides DX (digital transformation) promotion services in Japan, centered on two core offerings: IT Engineering Services, which supplies IT engineers (primarily via a nationwide network of over 2,300 partner companies and approximately 9,200 accounts) to client firms facing resource shortages, and DX Solution Services, which delivers end-to-end system development outcomes using in-house engineers. IT Engineering Services accounts for approximately 80% of total revenue, with clients ranging from startups to large enterprises across diverse industries. The company differentiates itself through the scale and quality of its engineer-project matching infrastructure, regional lab network enabling remote development participation, and a subsidiary (BTMAIZ) focused on AI-driven solutions.

Market Cap
¥1.40B
US$8.93M
EV
¥1.06B
US$6.75M
Stock¥497▼-1.58%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.0
x
LTM EV/EBIT
8.3
x
LTM PER
19.4
x
LTM PBR
1.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-61.5%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
1.40BUS$8.93MMarket Cap0.80BUS$5.10M+ Debt1.14BUS$7.27M− Cash0.00BUS$0.00M− Inv. Sec.1.06BUS$6.75MEV
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Performance & Balance
Revenue 5Y (¥B)
3.55US$22.6M'23/34.15US$26.5M'24/35.10US$32.5M'25/36.04US$38.5M'26/3
EBITDA 5Y (¥B)
0.13US$0.84M'23/30.15US$0.98M'24/30.09US$0.59M'25/30.11US$0.72M'26/3
Net Income 5Y (¥B)
0.08US$0.49M'23/30.11US$0.70M'24/30.06US$0.40M'25/30.07US$0.41M'26/3
Capital Structure
48%
52%
EquityD/E 1.08xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
0.67US$4.25M0.33US$2.10M'23/30.69US$4.42M'24/30.77US$4.88M0.38US$2.43M'25/30.95US$6.05M0.62US$3.98M'26/3
Shareholders
Top 10 hold 66.6%
1
yoshida investment Co., Ltd.
39.05%
2
MT Investment Co., Ltd.
7.99%
3
Masanori TAGUCHI
7.11%
4
Satoru YOSHIDA
3.26%
5
Headwaters Co.,Ltd
3.17%
6
Rakuten Securities, Inc. (Joint Account)
1.87%
7
Yasunaga AOYAMA
1.14%
8
JPMorgan Securities Japan Co., Ltd.
1.11%
9
Shinichi OGISO
1.04%
10
Takashi SEKIGUCHI
0.81%
Management
8 officers
Satoru YOSHIDA
Representative Director, Chairman
Apr 2003 Joined KDDI Telemarketing Co., Ltd. (now KDDI Evolve Corporation) Apr 2005 Started business as a sole proprietor Aug 2011 Founded the Company; assumed office as Representative Director, President Mar 2018 Assumed office as Representative Director, yoshida investment Co., Ltd. (current) Jun 2020 Assumed office as Representative Director, Chairman of the Company (current)
1982-05-03
Masanori TAGUCHI
Representative Director, President and CEO
Apr 2004 Joined the office of House of Representatives Member Keisuke TSUMURA Jun 2006 Joined Leverages Inc. Jan 2012 Joined the Company Dec 2014 Assumed office as Director of the Company Mar 2018 Assumed office as Representative Director, MT Investment Co., Ltd. (current) Jun 2020 Assumed office as Representative Director, President and CEO of the Company (current) Jan 2025 Assumed office as Representative Director, BTMAIZ Co., Ltd. (current) Oct 2025 Assumed office as Representative Director, Quest System Design Co., Ltd. (current)
1981-11-26
Takayuki KAKEGAWA
Director and CFO
Dec 2008 Joined Azsa LLC Dec 2015 Joined Skymark Airlines Inc. Jul 2020 Joined the Company; assumed office as General Manager, Management Business Promotion Division (current) Feb 2021 Assumed office as Director and CFO of the Company (current)
1983-05-26
Hirokazu NAGAI
Director
Apr 1995 Joined Nihon Asia Investment Co., Ltd. May 2001 Joined EY ShinNihon LLC Aug 2006 Joined Allied Architects Inc. Mar 2008 Assumed office as Director, Allied Architects Inc. Jan 2021 Assumed office as Outside Director of the Company (current) Sep 2022 Assumed office as Outside Statutory Auditor, GreenSnap Inc. (current) Dec 2023 Assumed office as Outside Director, Yokohama Yupos Co., Ltd. (current)
1971-09-20
Sou AOKI
Director
Apr 2007 Joined Recruit Co., Ltd. Jun 2016 Joined Gibraltar Life Insurance Co., Ltd. Feb 2018 Assumed office as Representative Director, President, Loveable Inc. (current) Oct 2019 Joined Surpass Inc.; assumed office as Director May 2024 Assumed office as Outside Director, Arbeit Times Inc. (current) Sep 2024 Assumed office as Outside Director, F-ON Inc. (current)
Shoichi KANEKO
Full-time Statutory Auditor
Apr 1994 Joined Yamaichi Securities Co., Ltd. Feb 1998 Joined Nikko Securities Co., Ltd. Sep 1999 Joined Shoeisha Co., Ltd. (now SE Holdings & Incubations Co., Ltd.) Aug 2005 Joined Mitsubishi Securities Co., Ltd. (now Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.) Apr 2015 Assumed office as Director, JX Press Inc. Jan 2021 Assumed office as Full-time Statutory Auditor of the Company (current) Jun 2023 Assumed office as Outside Statutory Auditor, Nokisaki Co., Ltd. (current) Sep 2023 Assumed office as Outside Statutory Auditor, SABU Inc. Nov 2025 Assumed office as Outside Statutory Auditor, TORICO Inc. (current)
1971-05-27
Daisuke EBINA
Statutory Auditor
Apr 2009 Joined Azsa LLC Sep 2015 Opened Ebina Certified Public Accountant Office; assumed office as Representative (current) Sep 2015 Assumed office as Representative Director, &B Inc. (current) Jan 2021 Assumed office as Outside Statutory Auditor of the Company (current)
1986-06-20
Dai GOTO
Statutory Auditor
Jan 2009 Joined Munemura Law Office Mar 2010 Joined Dono Law Office Mar 2015 Assumed office as Partner, Harumi Partners Law Office (current) May 2016 Assumed office as Auditor, Medical Corporation Heishinkai (current) Jul 2020 Assumed office as Director, Lawyers' Digital Transformation Promotion Association (current) Dec 2021 Assumed office as Outside Statutory Auditor of the Company (current) Jul 2023 Assumed office as Visiting Researcher, ELSI Research Institute for Advanced Science, Meiji University Intellectual Property Institute (current) Sep 2024 Assumed office as Representative Director, Studio Monochrome Ltd. (current)
1975-12-24
Large Shareholding Reports
yoshida investment Co., Ltd., Representative Director Satoru YOSHIDA
2026-01-07
38.91%→38.91%
MT Investment Co., Ltd., Representative Director Masanori TAGUCHI
2025-08-19
7.96%→7.96%
MT Investment Co., Ltd., Representative Director Masanori TAGUCHI
2025-08-01
7.96%→7.96%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-26
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-06-05
株主総会招集通知
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-07
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-08-19
Large Shareholding Report
TDnet
2025-08-13
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-08-01
Large Shareholding Report
EDINET
2025-06-30
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-13
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-30
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
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