Overview
Information & Communication

Fast Accounting Co.,Ltd.

First Accounting provides AI-powered SaaS solutions specialized in accounting and finance operations for Japanese enterprises. Its core offerings include the Robota series (AI-OCR tools for automated data extraction from invoices, receipts, and bank statements) and the Remota platform (an end-to-end accounting workflow automation and remote-work enablement platform). The company targets large enterprises with annual revenues exceeding JPY 50 billion, offering monthly recurring and usage-based pricing, with an average customer contract duration of approximately 28 months and an LTV of JPY 120 million as of December 2024.

Market Cap
¥7.37B
US$47.0M
EV
¥5.34B
US$34.0M
Stock¥665▲+0.15%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
10.1
x
LTM EV/EBIT
15.3
x
LTM PER
31.0
x
LTM PBR
4.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-69.4%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 13, 26Earnings-related performance concerns
2Feb 18, 26Guidance downward revision disappointment
MC → EV Bridge
7.37BUS$47.0MMarket Cap0.00BUS$0.00M+ Debt1.50BUS$9.59M− Cash0.53BUS$3.38M− Inv. Sec.5.34BUS$34.0MEV
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Performance & Balance
Revenue 5Y (¥B)
1.23US$7.86M'23/121.71US$10.9M'24/122.37US$15.1M'25/12
EBITDA 5Y (¥B)
0.18US$1.12M'23/120.30US$1.92M'24/120.45US$2.88M'25/12
Net Income 5Y (¥B)
0.13US$0.80M'23/120.47US$2.97M'24/120.20US$1.29M'25/12
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.30US$8.31M0.03US$0.18M'23/121.60US$10.2M'24/121.77US$11.3M'25/12
Shareholders
Top 10 hold 71.2%
1
Keitaro MORI
23.32%
2
MoriSpace Management Co., Ltd.
21.65%
3
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
5.88%
4
Pro-Ship Incorporated
5.68%
5
Mynavi Corporation
4.51%
6
DAIWA CM SINGAPORE LTD-NOMINEE ALL STAR SAAS FUND PTE.LTD. (Standing Proxy: Daiwa Securities Co. Ltd.)
3.74%
7
Custody Bank of Japan, Ltd. (Trust Account)
2.37%
8
The Master Trust Bank of Japan, Ltd. (Trust Account)
1.67%
9
Naoyuki NAKAZONO
1.31%
10
Hongpeng GE
1.08%
Management
10 officers
Keitaro MORI
Representative Director, President
Apr 2000 Joined SoftBank Corp. Jul 2001 Head of Sales, Akamai Technologies LLC Mar 2011 Founded White Contact Co., Ltd.; Representative Director Apr 2012 Representative Director, White Food Co., Ltd. Jun 2016 Founded the Company; Representative Director, President (current)
1974-06-03
Akira MATSUDA
Director, Executive Officer, CTO
Apr 1998 Joined HMV Japan Co., Ltd. (now Lawson Entertainment, Inc.) Jul 1999 Joined Brian Computer Co., Ltd. Jul 2000 Started software engineering business as sole proprietor Mar 2003 Founded Wonderwall Co., Ltd.; Representative Director May 2011 Founded Dozens Co., Ltd.; Representative Director Dec 2017 Joined the Company Mar 2020 General Manager, Product Development Department, the Company Aug 2021 General Manager, Office of the President, the Company (current) Mar 2025 Director, Executive Officer, CTO, the Company (current) Apr 2025 General Manager, Product Development Division, the Company
1975-10-27
Naoyuki NAKAZONO
Director, Executive Officer, CRO
Apr 1996 Joined Digital Equipment Corporation Japan K.K. Apr 2001 Joined Microsoft Japan Co., Ltd. Sep 2015 Head of Device & Mobility Division, Enterprise Solutions Business Group, Microsoft Japan Co., Ltd. Nov 2017 Head of Partner Solutions Division, UiPath K.K. Nov 2020 General Manager, Marketing & Partner Sales Department, the Company Mar 2021 Director, CRO, the Company Feb 2024 General Manager, Marketing & Partner Sales Division, the Company Mar 2025 Director, Executive Officer, CRO, the Company (current) Apr 2025 General Manager, Sales Division, the Company (current)
1973-12-03
Akira KAMIMURA
Director, CFO
Apr 1988 Joined Fujisawa Pharmaceutical Co., Ltd. (now Astellas Pharma Inc.) Apr 2008 General Manager, Finance Division, Astellas Pharma Inc. Apr 2017 General Manager, Accounting Department, Astellas Pharma Inc. Apr 2017 Audit & Supervisory Board Member, Astellas Amgen Biopharma K.K. (now Amgen K.K.) May 2019 Joined KH Neochem Co., Ltd. Mar 2020 Executive Officer, in charge of Corporate (Finance, Public Relations, IR) and General Manager, Finance Department, KH Neochem Co., Ltd. Apr 2021 Executive Officer, General Manager, Accounting & Finance Division, KH Neochem Co., Ltd. Mar 2025 Director, CFO, the Company (current)
1964-05-24
Masayuki MAKINO
Director
Jul 1996 Founded Works Applications Co., Ltd. Sep 2000 Representative Director, Works Applications Co., Ltd. Jan 2020 Advisor, MediaDo Holdings Co., Ltd. (now MediaDo Co., Ltd.) May 2020 Visiting Professor, Research Institute for Informatics, Kindai University (current) Oct 2020 Representative Director, Pathos Logos Co., Ltd. (current) Dec 2023 Outside Director, AUCFAN Co., Ltd. (current) Mar 2024 Director, the Company (current)
1963-02-05
Masamune MIMURA
Director
Apr 1993 Joined SAP Japan Co., Ltd. Oct 2006 Joined McKinsey & Company Feb 2008 Joined Microsoft Japan Co., Ltd. Apr 2009 Joined Better Place Japan K.K. Oct 2011 Representative Director, Concur K.K. Aug 2023 Outside Director, Integrity Healthcare Inc. (current) Jun 2024 Founded U-ZERO Inc.; Representative Director (current) Dec 2024 Outside Director, PLAID Inc. (current) Mar 2025 Director, the Company (current)
1969-08-15
Kayoko ISEKI
Director
Apr 1985 Joined Sony Corporation (now Sony Group Corporation) Apr 2017 General Manager, Accounting Planning & Promotion Division, Sony Corporate Services Co., Ltd. Oct 2022 General Manager, Financial BPR, Unicharm Corporation Mar 2024 Director, the Company (current) Jan 2025 Financial BPR Consultant, Unicharm Corporation (current)
1964-12-28
Katsuhide SAKUNO
Full-time Audit & Supervisory Board Member
Apr 1978 Joined Orient Corporation Sep 2003 General Manager, Branch Operations Headquarters (Chubu), Orient Corporation Oct 2006 General Manager, Housing Renovation Sales Division, Orient Corporation Jun 2008 Director, Business Orico Inc. Jun 2018 Full-time Audit & Supervisory Board Member, Fuji Soft Service Bureau Inc. Jun 2020 Executive Officer, Fuji Soft Service Bureau Inc. Mar 2023 Audit & Supervisory Board Member, the Company (current)
1956-01-07
Takaharu YASUMOTO
Audit & Supervisory Board Member
Nov 1978 Joined Asahi Accounting Corporation (now Azsa LLC) Aug 1982 Registered as Certified Public Accountant Apr 1992 Director, Yasumoto Certified Public Accountant Office (current) Nov 1993 Outside Audit & Supervisory Board Member, Fast Retailing Co., Ltd. Aug 2001 Outside Audit & Supervisory Board Member, ASKUL Corporation Jun 2010 Outside Audit & Supervisory Board Member, UBIC, Inc. (now FRONTEO, Inc.) (current) Mar 2020 Audit & Supervisory Board Member, the Company (current) Jan 2023 Outside Audit & Supervisory Board Member, Better Place Inc.
1954-03-10
Masahiro OHAMA
Audit & Supervisory Board Member
Oct 2005 Registered as Attorney-at-Law (Tokyo Bar Association) Oct 2005 Joined Lore United Law Office Jan 2009 Representative Attorney, Rays Consulting Law Office Sep 2015 Outside Audit & Supervisory Board Member, N-Links Inc. (now Colec Holdings Corp.) (current) Apr 2016 Representative Partner, Rays Consulting Law Firm (current) Nov 2017 Audit & Supervisory Board Member, the Company (current) Oct 2022 Outside Audit & Supervisory Board Member, Information Strategy Technology Co., Ltd. (current)
1980-10-31
Large Shareholding Reports
Wojciech Jakub Podobas
2026-10-06
6.41%→4.61%
Proship Co., Ltd.
2026-06-01
5.04%
Annual report (as of 2026-06-30): 5.68%
Proship Co., Ltd.
2026-06-01
5.04%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-06-30): 5.68%
Asset Management One Co., Ltd.
2026-02-20
5.17%→3.96%
Asset Management One Co., Ltd.
2026-01-09
6.41%→5.17%
Asset Management One Co., Ltd.
2025-12-05
7.37%→6.41%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-06
Large Shareholding Report
TDnet
2026-08-14
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
EDINET
2026-06-01
Large Shareholding Report
EDINETAmended
2026-06-01
Change Report
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-27
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-02-20
Large Shareholding Report
EDINET
2026-01-09
Large Shareholding Report
EDINET
2025-12-05
Large Shareholding Report
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-14
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-14
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-28
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
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