Overview
Information & Communication

Nihon Knowledge Co,Ltd.

Nihon Knowledge Co., Ltd. is a comprehensive ICT services company providing software verification (testing) services and system development services. Its Verification Business offers third-party software testing across the full development lifecycle—including test planning, design, execution, and automation—serving major SIers and enterprise software vendors. Its Development Business delivers industry-specific ERP packages (e.g., PowerSteel for steel distributors, PowerCubic for building materials dealers) and security products such as operation log and screen recording solutions.

Market Cap
US$26.0M
¥4.15B
EV
US$24.4M
¥3.89B
StockUS$6.26(¥1,000)▲+6.95%
US$1 = ¥159.70 (2026-11-12)
LTM EV/EBITDA
28.8
x
LTM EV/EBIT
47.5
x
LTM PER
38.4
x
LTM PBR
3.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+77.2%pt
10012
Nov 13, 25 – Nov 13, 26StockTOPIX
1Apr 1, 26Hopes of Mideast de-escalation as Trump signals end to Iran strikes
2Oct 21, 26Mitsubishi Komsn/UH Partners 2 filed changed shareholding reports (10/20), shareholder structure shift
MC → EV Bridge
US$26.0M¥4.15BMarket CapUS$2.48M¥0.40B+ DebtUS$3.93M¥0.63B− CashUS$0.17M¥0.03B− Inv. Sec.US$24.4M¥3.89BEV
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Performance & Balance
Revenue 5Y (US$)
US$20.2M¥3.23B'22/3US$22.2M¥3.55B'23/3US$25.5M¥4.08B'24/3US$26.0M¥4.15B'25/3US$28.5M¥4.56B'26/3
EBITDA 5Y (US$)
US$0.94M¥0.15B'22/3US$1.40M¥0.22B'23/3US$1.69M¥0.27B'24/3US$0.87M¥0.14B'25/3US$0.74M¥0.12B'26/3
Net Income 5Y (US$)
US$0.59M¥0.09B'22/3US$0.86M¥0.14B'23/3US$1.26M¥0.20B'24/3US$0.51M¥0.08B'25/3US$0.54M¥0.09B'26/3
Capital Structure
74%
26%
EquityD/E 0.34xDebt
Liquidity vs Debt 5Y (US$)▲ Net Cash
CashInv. Sec.Debt
US$3.23M¥0.52BUS$1.87M¥0.30B'22/3US$5.86M¥0.94BUS$1.35M¥0.22B'23/3US$5.45M¥0.87BUS$2.00M¥0.32B'24/3US$4.85M¥0.77BUS$2.33M¥0.37B'25/3US$4.45M¥0.71BUS$2.60M¥0.41B'26/3
Business Segments
2026/03 · US$ (¥B)
57%
Testing/Verification Business
Revenue
US$16.4M(¥2.62B)
Segment profit
US$2.37M(¥0.38B)14.5%
43%
Development Business
Revenue
US$12.2M(¥1.94B)
Segment profit
US$2.19M(¥0.35B)18.0%
Adjustments
Revenue
—
Segment profit
-US$4.15M(¥-0.66B)
No segment changes in the last 5 years
Shareholders
Top 10 hold 80.0%
1
Wisteria Trust Co., Ltd.
43.06%
2
OTSUKA CORPORATION
9.68%
3
Hikari Tsushin KK Investment Limited Partnership
6.63%
4
Nihon Knowledge Co,Ltd. Employee Stock Ownership Association
6.25%
5
UH Partners 2 Investment Limited Partnership
5.37%
6
Rakuten Securities, Inc. (Joint Account)
2.81%
7
Yoichi FUJII
1.97%
8
Japan Securities Finance Co.,Ltd.
1.51%
9
Takashi HASEGAWA
1.51%
10
MATSUI SECURITIES CO.,LTD.
1.16%
Management
7 officers
Yoichi FUJII
Representative Director, President
Oct 1985 Established Nihon Space Soft Co., Ltd.; assumed office as Representative Director Dec 1986 Changed trade name to Nihon Knowledge Engineering Co., Ltd.; assumed office as Representative Director Jun 1988 Changed trade name to Nihon Knowledge Co., Ltd.; assumed office as Representative Director and President of the Company (current) Jun 2016 Assumed office as Chairman, IT Verification Industry Association (General Incorporated Association) Jun 2023 Assumed office as Auditor, IT Verification Industry Association Jun 2025 Assumed office as Honorary Chairman, IT Verification Industry Association (current)
1957-10-15
Yusuke FUJII
Director, General Manager of Business Support Office
Aug 2008 Joined NEC NetSI Service Co., Ltd. Oct 2011 Joined the Company Feb 2017 Assumed office as Representative Director, Wisteria Trust Co., Ltd. (current) Oct 2019 Assumed office as Deputy General Manager, Development Business Division Apr 2020 Assumed office as Executive Officer, General Manager of Sales Division Apr 2023 Assumed office as Senior Executive Officer, General Manager of Sales Headquarters Apr 2024 Assumed office as Senior Executive Officer, General Manager of Business Headquarters Jun 2024 Assumed office as Director, General Manager of Business Headquarters Apr 2026 Assumed office as Director, General Manager of Business Support Office (current)
1983-10-25
Takashi HASEGAWA
Director
May 1989 Joined the Company May 2012 Assumed office as Director Apr 2015 Assumed office as Director, General Manager of Technology Department, Development Business Division Jul 2019 Assumed office as Director, General Manager of Development Business Division Sep 2022 Assumed office as Director, General Manager of Business Headquarters Apr 2024 Assumed office as Director, General Manager of DX Promotion Headquarters Apr 2026 Assumed office as Director (current)
1969-06-20
Kazuo AOKI
Director, General Manager of Administration Division
Apr 1977 Joined Nihon Denko Co., Ltd. (currently NEC Netsu SI Co., Ltd.) Jul 2001 Assumed office as Head of Finance Office, Accounting Department of the same company Oct 2007 Assumed office as General Manager, Audit Department of the same company Jun 2013 Assumed office as Full-time Corporate Auditor, Q&A Co., Ltd. Apr 2016 Joined the Company; assumed office as Advisor Jun 2016 Assumed office as Full-time Corporate Auditor of the Company Oct 2019 Assumed office as Director, General Manager of Administration Division (current)
1953-06-07
Hiroyuki ITO
Director, Audit and Supervisory Committee Member
Apr 1982 Joined Sharp Corporation Sep 1987 Joined Ricoh Co., Ltd. May 2007 Seconded to Ricoh Imaging Technology (Shanghai) Co., Ltd. as Head of Verification Department Apr 2011 Seconded to Ricoh IT Solutions Co., Ltd. Jun 2015 Joined IT Verification Industry Association (General Incorporated Association) Apr 2016 Ricoh IT Solutions Co., Ltd., IT Verification Service Division, Deputy General Manager Sep 2019 Joined the Company Apr 2021 Assumed office as General Manager, Internal Audit Office (current) Jun 2026 Scheduled to assume office as Director, Audit and Supervisory Committee Member
1960-03-26
Taemi KOIZUMI
Director, Audit and Supervisory Committee Member
Apr 1992 Joined The Tokyo Bank, Ltd. (currently MUFG Bank, Ltd.) Oct 2001 Joined Tohmatsu Audit Corporation (currently Deloitte Touche Tohmatsu LLC) Oct 2005 Joined Azusa Audit Corporation (currently Azusa Audit LLC) Nov 2006 Joined Tohmatsu Audit Corporation (currently Deloitte Touche Tohmatsu LLC) Dec 2016 Assumed office as Full-time Corporate Auditor, Amazia Co., Ltd. (current) Nov 2022 Assumed office as Director of the Company (current) Dec 2023 Assumed office as Corporate Auditor, Cellid, Inc. (current) Jun 2026 Scheduled to assume office as Director, Audit and Supervisory Committee Member
1968-11-29
Koichi TABATA
Director, Audit and Supervisory Committee Member
Sep 2008 Registered as attorney-at-law (Daini Tokyo Bar Association); joined Ushijima Sogo Law Office Nov 2009 Joined Mirai Sogo Law Office Jan 2015 Assumed office as Partner, Mirai Sogo Law Office Jun 2019 Assumed office as Auditor, IT Verification Industry Association (current) Nov 2020 Assumed office as Corporate Auditor, C.O. Medical Co., Ltd. (current) Jun 2024 Assumed office as Corporate Auditor of the Company (current) Jun 2026 Scheduled to assume office as Director, Audit and Supervisory Committee Member
1982-08-05
Large Shareholding Reports
Wisteria Trust Co., Ltd.
2026-11-11
43.30%→33.79%
Annual report (as of 2026-03-31): 43.06%
Business Brain Ota Showa Co., Ltd.
2026-11-10
20.37%→20.36%
Hikari Tsushin, Inc.
2026-11-10
7.60%→6.10%
Wisteria Trust Co., Ltd.
2026-11-05
33.79%
Annual report (as of 2026-03-31): 43.06%
Business Brain Ota Showa Co., Ltd.
2026-11-02
20.37%
Hikari Tsushin, Inc.
2026-11-02
7.60%→7.60%
Hikari Tsushin, Inc.
2026-10-20
7.62%→7.60%
Wisteria Trust Co., Ltd.
2025-10-31
43.30%→43.30%
Annual report (as of 2026-03-31): 43.06%
Yoichi FUJII
2025-10-31
—
Annual report (as of 2026-03-31): 1.97%
Wisteria Trust Co., Ltd.
2025-10-31
—
Annual report (as of 2026-03-31): 43.06%
Koutsushin Co., Ltd.
2025-09-29
7.67%→7.62%
Disclosures
No disclosures
Primary Source Filings
EDINETAmended
2026-11-11
Change Report
EDINET
2026-11-10
Large Shareholding Report
EDINETAmended
2026-11-10
Change Report
EDINET
2026-11-05
Large Shareholding Report
EDINET
2026-11-02
Large Shareholding Report
EDINET
2026-11-02
Large Shareholding Report
EDINET
2026-10-20
Large Shareholding Report
EDINET
2026-09-25
Securities Registration Statement
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-05-15
Full-Year Earnings Flash
FY ending Mar 2026
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
TDnet
2026-02-13
業績予想の修正
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2025-10-31
Change Report
EDINETAmended
2025-10-31
Change Report
EDINET
2025-10-31
Large Shareholding Report
EDINET
2025-09-29
Large Shareholding Report
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-14
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
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