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Overview

Batonz.Co.,Ltd.

BATONZ operates Japan's largest M&A and business succession support platform, holding the No.1 position in users, listings, and completed deals for five consecutive years (2021–2025, per Deloitte Tohmatsu MIC Research Institute). The platform serves small and mid-sized businesses seeking buyers or sellers, reducing the average deal completion period from nine months to three months and lowering advisory fees from a minimum of ¥20 million to a range of ¥0–¥2 million. In addition to its core marketplace, BATONZ offers SaaS tools for M&A advisors and financial institutions, including B MASS and B NEXUS, to digitize and streamline deal processes.

Market Cap

¥5.24B

US$33.4M

¥4.51B

US$28.8M

Stock¥1,214▲+1.17%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

11.0

LTM EV/EBIT

12.4

LTM PER

20.0

LTM PBR

5.5

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-43.0%pt

Apr 22, 26 – Oct 23, 26StockTOPIX

MC → EV Bridge

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Generating insights…

Performance & Balance

Revenue 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

100%

EquityDebt

Liquidity vs Debt 5Y (¥B)

CashInv. Sec.Debt

Shareholders

Top 10 hold 97.0%

as of 2026-03-31 · Source: Annual Securities Report

Nihon M&A Center Holdings Inc.

32.47%

Yuichi KANSE

22.03%

Shutaro MIYATAKE

13.91%

XTech No. 2 Investment Limited Partnership

8.46%

Animal Spirits No. 1 Investment Limited Partnership

8.17%

DIMENSION No. 2 Investment Limited Partnership

7.30%

Batonz.Co.,Ltd. Employee Stock Ownership Association

2.02%

Yasuo SUZUKI

1.51%

Tsuneo WATANABE

0.70%

Yusuke ASAKURA

0.46%

Management

9 officers

Yuichi KANSE

Representative Director, President and CEO

Apr 2000 Joined Nihon Unisys, Ltd. (currently BIPROGY Inc.) Jun 2005 Joined NTT DATA Institute of Management Consulting, Inc. Jul 2012 Joined Recruit Co., Ltd. (currently Recruit Holdings Co., Ltd.) Apr 2015 Executive Officer, Recruit Marketing Partners Co., Ltd. (currently Recruit Co., Ltd.) Apr 2018 Executive Officer, Recruit Sumai Company, Inc. (currently Recruit Co., Ltd.) Apr 2018 Director, Recruit Lifestyle Co., Ltd. (currently Recruit Co., Ltd.) Apr 2019 Director and CMO of the Company Mar 2022 Representative Director, President and CEO of the Company (current)

1977-11-19

Shutaro MIYATAKE

Managing Director

Apr 2003 Joined Sagawa Express Co., Ltd. Apr 2005 Joined Goodwill Group, Inc. Nov 2007 Managing Executive Officer, Starship Holdings Co., Ltd. Apr 2016 Joined Nihon M&A Center Inc. (currently Nihon M&A Center Holdings, Inc.) Apr 2018 Director and COO of the Company Jun 2024 Managing Director and CQO of the Company Jun 2026 Managing Director of the Company (current)

1978-11-04

Yasuo SUZUKI

Director

Apr 1995 Joined The Ashikaga Bank, Ltd. Jun 2003 Seconded to Nikko Cordial Securities Inc. (currently SMBC Nikko Securities Inc.) Jun 2004 Joined Nihon M&A Center Inc. (currently Nihon M&A Center Holdings, Inc.) Apr 2018 Non-Executive Director of the Company Apr 2020 Director and CSO of the Company Jun 2024 Director and CAO of the Company Jun 2026 Director of the Company (current)

1972-05-18

Tatsuaki UMIYAMA

Director and COO

Apr 2013 Joined Deloitte Tohmatsu Consulting LLC Jun 2015 Representative Director, HIT Co., Ltd. Jan 2021 Executive Officer and CXO, Wiz Co., Ltd. Jan 2021 Representative Director, Focus Channel Co., Ltd. May 2022 Senior Advisor, Focus Channel Co., Ltd. Jun 2022 Executive Officer and CSO, Wiz Co., Ltd. Aug 2023 Executive Officer of the Company Apr 2024 Executive Officer and CMO of the Company Jun 2024 Director and CMO of the Company Apr 2025 Director and COO of the Company (current)

1989-07-23

Hiroshi KIMURA

Director and CFO

Apr 2008 Joined NTT DATA Institute of Management Consulting, Inc. Jan 2013 Joined Frontier Management Inc. Apr 2020 General Manager, Corporate Planning Division, Recruit Marketing Partners Co., Ltd. (currently Recruit Co., Ltd.) Apr 2021 General Manager, Corporate Planning Division, Recruit Co., Ltd. Jan 2022 Representative Director and CEO, RNF Co., Ltd. Jan 2022 Executive Officer, Centurio Co., Ltd. Dec 2024 Executive Officer of the Company Apr 2025 Executive Officer and CFO of the Company Jun 2026 Director and CFO of the Company (current)

1985-10-12

Yuko TANAKA

Director

Apr 1999 Joined Toyota Motor Corporation Apr 2003 Joined A.T. Kearney K.K. Feb 2006 Joined Jupiter Shop Channel Co., Ltd. Jul 2011 Consumer Goods Practice Manager, A.T. Kearney K.K. Apr 2014 Executive Officer, Crowdworks, Inc. Mar 2018 Audit & Supervisory Board Member, Space Market, Inc. Dec 2019 Director and General Manager, Corporate Planning Office, Crowdworks, Inc. Mar 2021 Outside Director (Audit and Supervisory Committee Member), Space Market, Inc. May 2021 Outside Director (Audit and Supervisory Committee Member), ServerWorks Co., Ltd. (current) Oct 2021 Audit & Supervisory Board Member, Codeal Co., Ltd. Mar 2023 Outside Director, Space Market, Inc. (current) May 2023 Representative Director, Yucot Co., Ltd. (current) Jun 2023 Outside Director of the Company (current) Apr 2026 COO, Vitalite Co., Ltd. (current) May 2026 Outside Director, SkillUp NeXt Co., Ltd. (current)

1975-05-31

Yasuko NAGATA

Director, Audit and Supervisory Committee Member

Nov 1994 Joined Nihon M&A Center Inc. (currently Nihon M&A Center Holdings, Inc.) Dec 2005 Audit & Supervisory Board Member, Private Equity Co., Ltd. May 2006 Audit & Supervisory Board Member, Keiei Planning Institute Co., Ltd. Apr 2017 Senior Executive Officer, Deputy General Manager of Administration Division and General Manager of Accounting Department, Nihon M&A Center Inc. (currently Nihon M&A Center Holdings, Inc.) Apr 2018 Audit & Supervisory Board Member of the Company Jun 2018 Audit & Supervisory Board Member, Corporate Value Research Institute Co., Ltd. Jun 2023 Full-time Outside Audit & Supervisory Board Member of the Company Jun 2025 Outside Director (Full-time Audit and Supervisory Committee Member) of the Company (current)

1970-09-19

Eri ASANO

Director, Audit and Supervisory Committee Member

Apr 1993 Joined The Sanwa Bank, Ltd. (currently MUFG Bank, Ltd.) Aug 1997 Joined S.A. Service Co., Ltd. (currently Mitsubishi UFJ Wealth Advisors Co., Ltd.) Jul 2002 Joined Tsuji Hongo Certified Public Tax Accountants' Corporation Sep 2020 Senior Partner of the same firm (current) Aug 2022 Joined Tsuji Hongo Family Office Co., Ltd. Jun 2023 Outside Audit & Supervisory Board Member of the Company Nov 2023 Representative Director, Tsuji Hongo Family Office Co., Ltd. Jun 2025 Outside Director (Audit and Supervisory Committee Member) of the Company (current)

1970-05-24

Shigenobu EBATA

Director, Audit and Supervisory Committee Member

Oct 2002 Registered as attorney-at-law; joined Miyakezaka Sogo Law Office Jan 2012 Partner of the same firm (current) Jun 2023 Outside Audit & Supervisory Board Member of the Company Jun 2025 Outside Director (Audit and Supervisory Committee Member) of the Company (current)

1976-11-11

Large Shareholding Reports

Shutaro MIYATAKE

2026-10-05

1.97%

Annual report (as of 2026-03-31): 13.91%

Yuichi KAMISE

2026-10-05

1.97%

Annual report (as of 2026-03-31): 22.03%

Shutaro MIYATAKE

2026-09-30

15.30%→14.39%

Annual report (as of 2026-03-31): 13.91%

Yuichi KAMISE

2026-09-30

20.95%→19.72%

Annual report (as of 2026-03-31): 22.03%

Animal Spirits LLC, Representative Member Yusuke ASAKURA

2026-05-13

7.45%

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

DIMENSION No. 2 LLC

2026-05-13

—

Nihon M&A Center Holdings, Inc.

2026-04-30

27.04%

Annual report (as of 2026-03-31): 32.47%

XTech Ventures Co., Ltd., Representative Director Hiroki TESHIMA

2026-04-28

7.26%

Animal Spirits LLC, Representative Member Yusuke ASAKURA

2026-04-28

7.45%

DIMENSION No. 2 LLC

2026-04-28

6.27%

Shutaro MIYATAKE

2026-04-24

15.30%

Annual report (as of 2026-03-31): 13.91%

Yuichi KAMISE

2026-04-24

20.95%

Annual report (as of 2026-03-31): 22.03%

Disclosures

No disclosures

Primary Source Filings

EDINETAmended

2026-10-05

Change Report

Batonz.Co.,Ltd.

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Batonz.Co.,Ltd.

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