Overview
Information & Communication

Human Technologies,Inc.

Human Technologies develops and provides cloud-based workforce management SaaS solutions, with its flagship product 'KING OF TIME' — a time and attendance management and HR/payroll system launched in 2003. The company serves a broad range of customers from SMEs to large enterprises across industries, offering features including biometric authentication, shift management, workflow automation, and API-based integration with third-party HR and payroll services. Approximately 64% of billing IDs are acquired through an indirect sales channel via partner companies, enabling efficient customer acquisition with lower marketing costs.

Market Cap
¥16.6B
US$106M
EV
¥12.2B
US$77.5M
Stock¥1,730▲+1.11%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
8.1
x
LTM EV/EBIT
8.9
x
LTM PER
16.4
x
LTM PBR
3.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-47.3%pt
10012345
Oct 23, 25 – Oct 23, 26StockTOPIX
1Mar 6, 26VIS Advisors, LP filed large shareholding report
2Mar 23, 26VIS Advisors, LP changed stake (5.54%→6.65%)
3Apr 2, 26VIS Advisors, LP changed stake (6.65%→7.68%)
4May 8, 26VIS Advisors, LP changed stake (7.68%→8.8%)
5Aug 17, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
16.6BUS$106MMarket Cap0.00BUS$0.00M+ Debt3.67BUS$23.4M− Cash0.75BUS$4.77M− Inv. Sec.12.2BUS$77.5MEV
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Performance & Balance
Revenue 5Y (¥B)
5.03US$32.1M'24/36.06US$38.6M'25/37.50US$47.7M'26/3
EBITDA 5Y (¥B)
0.55US$3.51M'24/30.98US$6.24M'25/31.50US$9.57M'26/3
Net Income 5Y (¥B)
0.34US$2.13M'24/30.66US$4.17M'25/31.02US$6.47M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
3.32US$21.2M0.03US$0.17M'24/33.97US$25.3M'25/33.65US$23.2M'26/3
Shareholders
Top 10 hold 82.1%
1
New Horizon Co., Ltd.
37.53%
2
Custody Bank of Japan, Ltd. (Trust Account)
12.42%
3
ESHI Akio
11.99%
4
DAIWA CM SINGAPORE LTD - NOMINEE OKUHATA KAZUYUKI AND/OR OKUHATA MAMIKO (Standing Proxy: Daiwa Securities Co. Ltd.)
4.69%
5
LICHFIELD LP (Standing Proxy: MUFG Bank, Ltd.)
3.90%
6
TAKUMI CAPITAL MANAGEMENT MASTER FUND LP (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
3.83%
7
Mitsuru IIZUMI
2.35%
8
Nomura Securities Co., Ltd.
2.22%
9
Shiyo YOSHIDA
1.65%
10
GOLDMAN SACHS INTERNATIONAL (Standing Proxy: Goldman Sachs Japan Co., Ltd.)
1.53%
Management
8 officers
ESHI Akio
Representative Director, Chairman
Apr 1985 Joined IBM Japan, Ltd. Nov 1990 Joined Itochu Corporation Apr 1991 Seconded to Itochu Techno-Science Corporation Apr 1996 Seconded to Itochu Electronics Corporation Apr 2000 Representative Director, IT Agent Co., Ltd. Jun 2008 Outside Director, Human Technologies Co., Ltd. Jun 2010 Representative Director, Human Technologies Co., Ltd. Dec 2011 Established H&T Holdings Co., Ltd. (currently the Company), Representative Director Nov 2020 Representative Director, New Horizon Co., Ltd. (current) Jun 2022 Representative Director, Chairman, the Company (current)
1961-05-16
IEZAKI Koichi
Representative Director, President
Apr 1998 Joined Ryosan Co., Ltd. Jun 2001 Seconded to Singapore Ryosan Private Limited Aug 2009 Joined the Company Jun 2021 Director, the Company Sep 2021 Representative Director, IT Agent Co., Ltd. Jun 2022 Representative Director, President, the Company (current)
1974-04-01
SHINODA Osamu
Director
Apr 1985 Joined Sharp Corporation Oct 1990 Joined Ohta Showa Audit Corporation (currently EY ShinNihon LLC) Jan 1997 Director, Future Systems Consulting Co., Ltd. (currently Future Corporation) Apr 2005 Director, Popins Corporation (currently Popins Co., Ltd.) Jul 2008 Director, Replex Co., Ltd. Aug 2016 Representative, Shinoda Osamu Certified Public Accountant Office (current) Jun 2018 Representative, Shinoda Osamu Tax Accountant Office (current) Jan 2019 Joined AI Square Co., Ltd. Oct 2019 Joined the Company Jun 2021 Director, the Company (current)
1961-12-30
AOSHIMA Yaichi
Director
Apr 1999 Assistant Professor, Innovation Research Center, Hitotsubashi University Apr 2007 Associate Professor, Innovation Research Center, Hitotsubashi University Apr 2012 Professor, Innovation Research Center, Hitotsubashi University (current) Dec 2014 Expert Member, Basic Plan Subcommittee, Council for Science, Technology and Innovation, Cabinet Office Jun 2015 Outside Director, NS Solutions Corporation (currently Nippon Steel Solutions Corporation) Jul 2016 Outside Director, TechPoint Inc. Apr 2018 Director, Innovation Research Center, Hitotsubashi University Apr 2023 Director, the Company (current)
1965-02-11
TAKIZAWA Miho
Director
Apr 2007 JSPS Research Fellow (PD), Hitotsubashi University Apr 2008 Full-time Lecturer, Faculty of Economics, Toyo University Apr 2011 Associate Professor, Faculty of Economics, Toyo University Sep 2013 Research Fellow, Program on U.S.-Japan Relations, Harvard University Apr 2017 Professor, Faculty of Economics, Toyo University Apr 2019 Associate Professor, Faculty of Economics, Gakushuin University Apr 2020 Professor, Faculty of Economics, Gakushuin University (current) Apr 2023 Director, the Company (current) Jun 2024 Outside Director, Descente, Ltd.
1979-06-27
WAKABAYASHI Takatoshi
Full-time Corporate Auditor
Apr 1980 Joined Daiwa Securities Co., Ltd. Jun 2002 General Manager, Corporate Planning Department, Daiwa Securities Group Inc. Apr 2005 Executive Officer, Daiwa Securities Group Inc. Apr 2010 Representative Director, Daiwa Securities Capital Markets Co., Ltd. Jun 2010 Director and Managing Executive Officer, Daiwa Securities Group Inc. Apr 2012 Senior Managing Director, Daiwa Securities Co., Ltd. Apr 2013 Representative Director, Daiwa Business Center Co., Ltd. Jun 2021 Corporate Auditor, the Company (current)
1956-11-15
MINOMO Seiko
Corporate Auditor
Apr 1997 Registered as attorney; joined Honma & Komatsu Law Office (currently Honma Godo Law Office) (current) Nov 2018 Outside Director, E-Tai Co., Ltd. (current) Jun 2019 Outside Director, Mimaki Engineering Co., Ltd. Jun 2021 Outside Director (Audit and Supervisory Committee Member), Mimaki Engineering Co., Ltd. (current) Aug 2022 Corporate Auditor, the Company (current)
1971-05-09
AKIYAMA Masanori
Corporate Auditor
Apr 1970 Joined Itochu Corporation Apr 1997 General Manager, Development Department, Space, Information & Multimedia Company, Itochu Corporation Jun 1999 Director, Japan Satellite Systems Inc. Apr 2007 Representative Director, Chairman, SKY Perfect JSAT Corporation (currently SKY Perfect JSAT Holdings Inc.) Jun 2008 Representative Director, President, SKY Perfect JSAT Holdings Inc. Jul 2013 Director, Chairman, NHG Inc. (current) Sep 2020 Director, Imacreate Co., Ltd. (current) Mar 2021 Director (Audit and Supervisory Committee Member), AppBank Inc. Jun 2023 Corporate Auditor, the Company (current)
1947-11-29
Large Shareholding Reports
New Horizon Co., Ltd.
2026-08-27
39.56%→49.51%
Annual report (as of 2026-03-31): 37.53%
Sparx Asset Management Co., Ltd.
2026-07-02
5.11%→3.24%
VIS Advisors, LP
2026-05-08
7.68%→8.80%
VIS Advisors,LP
2026-04-02
6.65%→7.68%
VIS Advisors,LP
2026-03-23
5.54%→6.65%
VIS Advisors,LP
2026-03-06
5.54%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-27
Large Shareholding Report
TDnet
2026-08-14
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-02
Large Shareholding Report
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-05-08
Large Shareholding Report
EDINET
2026-04-02
Large Shareholding Report
EDINET
2026-03-23
Large Shareholding Report
EDINET
2026-03-06
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-14
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
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
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINETAmended
2023-12-13
Amended Securities Registration Statement
EDINETAmended
2023-12-05
Amended Securities Registration Statement
EDINET
2023-11-17
Securities Registration Statement
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