Overview
Wholesale Trade

GDEP ADVANCE,Inc.

GDEP Advance is a Japan-based AI and visualization solution provider offering GPU-accelerated hardware and software solutions under its 'System Incubation' business. The company designs, builds, and sells turnkey AI deep learning servers (DeeplearningBOX, DGX series), inference edge devices (InferenceBOX), and graphic workstations (GWS series) for CAD/CAE/CG applications, targeting researchers and developers across industries. As NVIDIA's first Elite Partner in Japan, GDEP Advance also provides cloud, rental, and subscription-based GPU services, along with ongoing maintenance and development environment update support.

Market Cap
¥17.2B
US$110M
EV
¥15.7B
US$100M
Stock¥3,130▼-2.49%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
11.0
x
LTM EV/EBIT
11.6
x
LTM PER
18.6
x
LTM PBR
4.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-13.4%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 25, 26Market: Outperformed TOPIX gains
2Jul 15, 26Full-year FY2026/05 earnings announced
MC → EV Bridge
17.2BUS$110MMarket Cap0.00BUS$0.00M+ Debt1.49BUS$9.49M− Cash0.00BUS$0.00M− Inv. Sec.15.7BUS$100MEV
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Generating insights…
Performance & Balance
Revenue 5Y (¥B)
3.78US$24.1M'23/54.42US$28.2M'24/56.63US$42.3M'25/56.95US$44.3M'26/5
EBITDA 5Y (¥B)
0.58US$3.73M'23/50.69US$4.39M'24/50.89US$5.70M'25/51.20US$7.66M'26/5
Net Income 5Y (¥B)
0.38US$2.41M'23/50.43US$2.76M'24/50.54US$3.42M'25/50.79US$5.01M'26/5
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.88US$12.0M'23/53.01US$19.2M'24/53.33US$21.3M'25/51.77US$11.3M'26/5
Shareholders
Top 10 hold 72.3%
1
IAM Co., Ltd.
55.15%
2
Ayako IINO
5.50%
3
Nomura Trust and Banking Co., Ltd. (Investment Trust Account)
3.53%
4
Shuji KAMISHIMA
1.92%
5
Masamichi IINO
1.92%
6
Atsushi OMOTO
1.11%
7
Tatsuo OHASHI
1.00%
8
Josho Co., Ltd.
0.94%
9
Hiroshi KOJIMA
0.68%
10
JPMorgan Securities Japan Co., Ltd.
0.57%
Management
7 officers
Masamichi IINO
Representative Director, President, CEO and Executive Officer
Jun 1988 Joined Omron Microsystems Co., Ltd. (currently SoftBank Corp.) Nov 1993 Joined Towa Denki Co., Ltd. Aug 2001 Director, Towa Denki Co., Ltd. Mar 2010 Chairman, Japan GPU Computing Limited Liability Partnership Jun 2012 Vice Chairman, Japan GPU Computing Limited Liability Partnership (current) Jan 2016 President and Representative Director of the Company Apr 2025 Representative Director, President, CEO and Executive Officer of the Company (current)
1965-07-03
Tatsuo OHASHI
Director, CFO and Executive Officer, General Manager of Corporate Management Division
Dec 2005 Joined Tohmatsu Audit Corporation (currently Deloitte Touche Tohmatsu LLC) Aug 2006 Joined Azusa Audit Corporation (currently Azusa Audit LLC) Aug 2016 Joined Sky Palace Associates Inc. Apr 2019 Joined manaby Inc. Aug 2019 Joined Floudia Inc. Nov 2019 Joined Towa Denki Co., Ltd. Jan 2020 Director of the Company Apr 2020 General Manager of Corporate Management Department of the Company Apr 2025 Director, CFO and Executive Officer, General Manager of Corporate Management Division of the Company (current)
1978-09-14
Sayaka KURIHARA
Director
Apr 2003 Entered the Legal Training and Research Institute of Japan Oct 2004 Completed the Legal Training and Research Institute; registered as attorney; joined Iwata Godo law firm Mar 2012 Established Sendai Asahi Law Office; became partner attorney (current) Jun 2021 Director of the Company (current) Jun 2026 Outside Director, The Shichijushichi Bank, Ltd. (current)
1977-11-08
Toru KAMIYAMA
Director
Apr 2000 Joined Nomura Securities Co., Ltd. Aug 2017 Representative Partner, Kakeru Partners LLC (current) Nov 2017 Outside Director (Audit and Supervisory Committee Member), HEROZ, Inc. (current) Jun 2020 Outside Director (Audit and Supervisory Committee Member), Itsumo Co., Ltd. Mar 2023 Outside Director, M&A Research Institute Holdings, Inc. (currently Quants Research Holdings Inc.) (current) Aug 2025 Director of the Company (current) Mar 2026 Outside Director, Alpha Purchase Co., Ltd. (current)
1977-10-11
Kunio YAMAGATA
Full-time Statutory Auditor
Apr 1983 Joined NEC Corporation Jun 2016 Statutory Auditor, NEC Aerospace Systems, Ltd.; Statutory Auditor, NEC Management Partner, Ltd. (currently NEC Business Intelligence, Ltd.); Statutory Auditor, NEC Livex, Ltd. Jun 2017 Statutory Auditor, Nihon Denki Tokkyo Gijutsu Joho Center Co., Ltd. Jun 2019 Statutory Auditor, NEC Fielding, Ltd.; Statutory Auditor, Sunnet Co., Ltd. Jan 2022 Full-time Statutory Auditor of the Company (current)
1959-11-23
Nobuyuki HOSHI
Statutory Auditor
Apr 1997 Joined Iwate Bank, Ltd. Oct 2001 Joined Asahi Audit Corporation (currently Azusa Audit LLC) Aug 2016 Established B&C General Accounting Office; Director (current) Nov 2016 Representative Member, B&C Consultant LLC (current) Jun 2021 Outside Statutory Auditor of the Company (current)
1974-11-18
Toshihiro FUKAZAWA
Statutory Auditor
Dec 2012 Registered as attorney; joined Eru Law Office Apr 2020 Legal Advisor, Japan Legal Support Center (Houterasu) (current) Jun 2021 Outside Statutory Auditor of the Company (current) Apr 2022 Established Sendai Kagayaki Law Office; Representative Attorney (current)
1984-07-22
Large Shareholding Reports
Nomura Asset Management Co., Ltd.
2026-08-06
4.29%
Nomura Asset Management Co., Ltd.
2026-01-19
4.46%→3.20%
Nomura Asset Management Co., Ltd.
2025-11-20
4.26%→4.46%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-14
Q1 Earnings Flash
FY ending May 2027
EDINET
2026-08-21
Annual Securities Report
Period: Jun 2025 – May 2026
EDINET
2026-08-06
Large Shareholding Report
TDnet
2026-07-14
Full-Year Earnings Flash
FY ending May 2026
TDnet
2026-04-14
Q3 Earnings Flash
FY ending May 2026
EDINET
2026-01-19
Large Shareholding Report
EDINET
2026-01-14
Semi-Annual Securities Report
Period: Jun 2025 – May 2026
EDINET
2025-11-20
Large Shareholding Report
TDnet
2025-10-14
Q1 Earnings Flash
FY ending May 2026
EDINET
2025-08-22
Annual Securities Report
Period: Jun 2024 – May 2025
TDnet
2025-04-14
Q3 Earnings Flash
FY ending May 2025
EDINET
2025-01-14
Semi-Annual Securities Report
Period: Jun 2024 – May 2025
TDnet
2024-10-11
Q1 Earnings Flash
FY ending May 2025
EDINET
2024-08-28
Annual Securities Report
Period: Jun 2023 – May 2024
EDINET
2024-04-12
Quarterly Securities Report
Period: Dec 2023 – Feb 2024
EDINET
2024-01-12
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-12
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-08-25
Annual Securities Report
Period: Jun 2022 – May 2023
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