Overview
Services

ZETA INC.

ZETA INC. develops and provides the 'ZETA CX Series,' a suite of generative AI-powered customer experience (CX) solutions centered on EC site product search, including search engines, recommendation engines, retail media advertising, review/UGC tools, and OMO/DX solutions. The company targets primarily apparel and retail EC operators, leveraging accumulated first-party data from search, reviews, and purchases to enhance customer experience and marketing sophistication. ZETA aims to become Japan's largest commerce CX platform by monetizing commerce data through retail media, agentic AI search, and commerce media services.

Market Cap
¥5.31B
US$33.8M
EV
¥5.26B
US$33.5M
Stock¥260▼-2.62%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
14.6
x
LTM EV/EBIT
20.5
x
LTM PER
32.8
x
LTM PBR
6.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-48.1%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 10, 26Sharp drop on earnings release
MC → EV Bridge
5.31BUS$33.8MMarket Cap1.97BUS$12.6M+ Debt1.99BUS$12.7M− Cash0.03BUS$0.21M− Inv. Sec.5.26BUS$33.5MEV
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Performance & Balance
Revenue 5Y (¥B)
2.60US$16.5M'22/62.44US$15.5M'23/61.74US$11.1M'24/60.68US$4.34M'24/121.86US$11.8M'25/12
EBITDA 5Y (¥B)
0.40US$2.52M'23/60.52US$3.32M'24/6-0.11-US$0.67M'24/120.42US$2.70M'25/12
Net Income 5Y (¥B)
-1.15-US$7.31M'22/60.26US$1.66M'23/60.31US$1.99M'24/60.19US$1.22M'24/120.23US$1.47M'25/12
Capital Structure
30%
70%
EquityD/E 2.34xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
'22/61.17US$7.44M1.22US$7.76M'23/61.14US$7.30M1.02US$6.53M'24/61.50US$9.57M1.70US$10.9M'24/121.69US$10.8M1.75US$11.2M'25/12
Shareholders
Top 10 hold 53.7%
1
I-Asset Management LLC
18.62%
2
Red Point Co., Ltd.
9.41%
3
Shinichiro YOSHII
8.41%
4
Kakutaro KITAJO
4.92%
5
Kazuyuki MORIKAWA
3.05%
6
ORSARA ELIO
2.27%
7
Hisanao MITSU
2.05%
8
Akira SHIMIZU
1.97%
9
NOMURA INTERNATIONAL PLC A/C JAPAN FLOW (Standing Proxy: Nomura Securities Co., Ltd.)
1.62%
10
Michihiro SAGAE
1.37%
Management
10 officers
Tokuyuki YAMASAKI
Representative Director, President and CEO
Apr 1995 Joined Digital Technology Co., Ltd. Nov 1996 Joined ASCII Corporation Oct 1997 Joined Sony Communication Network Corporation May 2000 Joined On the Edge Inc. Dec 2001 Director, On the Edge Inc. Feb 2006 Representative Director, On the Edge Inc. (Livedoor Co., Ltd.) Jun 2006 Founded ZERO START Inc. (ZETA Inc.), Representative Director Dec 2012 Founded Red Point Co., Ltd., Representative Director (current) Jul 2021 President, the Company Feb 2023 Representative Director and President, Sygnia Advanced Research Institute Inc. (now Sygnia Inc.) Jul 2023 President and CEO, the Company Sep 2024 Representative Director, President and CEO, the Company (current) Mar 2025 Representative Director, VOICE Inc. (now LAMBDA Inc.) (current) Dec 2025 Representative Director, DELTA Inc. (current)
1971-11-17
Shinichiro YOSHII
Representative Director, Executive Officer, Senior Executive Vice President and CSO
Apr 1996 Research Fellow (DC), Japan Society for the Promotion of Science (JSPS) Apr 1999 Research Fellow (PD), JSPS Aug 1999 Visiting Researcher, Hokkaido Regional Technology Promotion Center Aug 2001 Joined SoftBank Commerce Corp. (now SoftBank Commerce & Service Corp.); Manager, Technology, Information Systems Division Apr 2002 Director, R&D Center, Information Systems Division, SoftBank Commerce Corp. Apr 2003 Joined SoftBank BB Corp. (now SoftBank Corp.); Manager, Technology Division Apr 2004 Associate Professor, Complex Systems Engineering, Graduate School of Information Science and Technology, Hokkaido University Apr 2007 President and Representative Director, the Company Sep 2016 Representative Director and CEO, the Company Jul 2021 Representative Director and Chairman, the Company Jul 2021 Director, ZETA Inc. Jul 2022 Representative Director, DEKUWASU Inc. Feb 2023 Representative Director and Director of Institute, Sygnia Advanced Research Institute Inc. (now Sygnia Inc.) (current) Jul 2023 Representative Director, Chairman and COO, the Company Sep 2024 Representative Director, Executive Officer, Senior Executive Vice President and CSO, the Company (current)
1971-08-06
Kazuyuki MORIKAWA
Director, Executive Officer, Senior Executive Vice President and CFO
Sep 2002 Joined Planex Communications Inc. Nov 2002 Joined Planex Co., Taiwan Branch Jun 2006 Founded ZERO START Inc. (ZETA Inc.), Director Apr 2010 Director, General Manager of Sales Division, ZETA Inc. Jul 2010 Director and Executive Vice President, General Manager of Sales Division, ZETA Inc. Jun 2013 Director and Executive Officer, Executive Vice President in charge of Corporate Business, ZETA Inc. Dec 2013 Director and Executive Officer, Executive Vice President in charge of Product Business, ZETA Inc. Apr 2015 Director, Executive Officer and Executive Vice President, General Manager of EC Solutions Division, ZETA Inc. Feb 2016 Director, Executive Officer and Executive Vice President, General Manager of Enterprise Division, ZETA Inc. May 2021 Director, COO, Executive Officer and Senior Executive Vice President, ZETA Inc. Sep 2024 Director, Executive Officer, Senior Executive Vice President and CFO, the Company (current)
1978-11-11
Junya DEBARI
Director, Executive Officer, Senior Executive Vice President and CTO
Apr 2012 Joined Goga Inc. Jun 2015 Joined ZERO START Inc. (ZETA Inc.) Oct 2017 Executive Officer, ZETA Inc. May 2021 Executive Officer and Executive Vice President, ZETA Inc. Oct 2024 Executive Vice President, the Company Mar 2026 Director, Executive Officer, Senior Executive Vice President and CTO, the Company (current)
1984-11-02
Kengo ITO
Director
Apr 1998 Joined Mitsui & Co., Ltd. Jul 2002 Mitsui Comtek Corp. (California, USA) Apr 2008 Representative Director, Metacast Inc. Oct 2010 Representative Director, 01STUDIO Inc. (current) Oct 2011 Chief Accelerator, MOVIDA JAPAN Inc. Mar 2013 Representative Partner, GSF1 Limited Liability Partnership (current) Dec 2016 Representative Partner, D4V Limited Liability Partnership (current) Sep 2018 Representative Director, Rakumie Inc. (current) Sep 2023 Director, the Company (current) Nov 2025 Representative Member, S&I LLC (current)
1972-07-13
Eiji WATANABE
Director
Apr 1996 Joined MSC Software Japan Ltd. Oct 2000 Registered as Certified Public Tax Accountant; Representative Tax Accountant, Watanabe Tax Office (current) May 2005 Corporate Auditor, PNF Laboratory Inc. May 2008 Corporate Auditor, Gain Inc. (now Monitas Inc.) Aug 2010 Corporate Auditor, Regain Inc. (now REGAIN GROUP Inc.) Sep 2012 Outside Corporate Auditor, Ignis Inc. Dec 2015 Director (Audit and Supervisory Committee Member), Ignis Inc. Dec 2016 Director (Audit and Supervisory Committee Member), Freak Out Holdings Inc. Aug 2017 Director, ZETA Inc. Sep 2024 Director, the Company (current) May 2025 Corporate Auditor, REGAIN GROUP Inc. (current)
1969-08-21
Shiori MATSUZONO
Director
Apr 2014 Joined CyberAgent, Inc. Aug 2016 Office of the President, W TOKYO Inc. Sep 2018 Founded AND ART Inc. (now AND OWNERS Inc.), Representative Director and CEO Sep 2024 Director, the Company (current)
1988-07-25
Naoyasu UCHIDA
Full-time Corporate Auditor
Apr 1979 Joined Toyo Engineering Corporation Apr 1999 Transferred to Toyo Business Engineering Co., Ltd. Apr 2001 Deputy Head of SAP Business Division and Deputy Head of NB Promotion Division, Toyo Business Engineering Co., Ltd. Mar 2003 Seconded to Toyo Business System Service Co., Ltd. as Director Jun 2007 Assigned to Office of Head of Solutions Division, Toyo Business Engineering Co., Ltd. Jun 2008 Full-time Corporate Auditor, Toyo Business Engineering Co., Ltd. Jun 2016 Director (Audit and Supervisory Committee Member), Toyo Business Engineering Co., Ltd. Jun 2020 Advisor, Toyo Business Engineering Co., Ltd. Jul 2021 Corporate Auditor, ZETA Inc. Sep 2024 Corporate Auditor, the Company (current)
1954-12-04
Toshihiro INOKI
Corporate Auditor
Apr 1998 Registered as attorney, Dai-Ni Tokyo Bar Association; joined Mitsui Yasuda Law Office Sep 2009 Representative Director, Cyberbond Inc. (current) Jul 2011 Founded Inoki Law Office (current) Feb 2013 Outside Corporate Auditor, Mercari, Inc. Oct 2014 Outside Corporate Auditor, ZETA Inc. Jun 2016 Outside Director, Sakura Internet Inc. (current) Nov 2020 Outside Corporate Auditor, ZEALS Inc. (current) Feb 2023 Outside Corporate Auditor, FABRIC TOKYO Inc. (current) Sep 2024 Corporate Auditor, the Company (current)
1968-07-06
Naoya OKAMOTO
Corporate Auditor
Aug 2010 Registered as attorney Sep 2018 Director, General Incorporated Association Sports Career Advisors (current) Aug 2020 Outside Director, Chuo Vilt Kogyo Co., Ltd. Sep 2023 Representative Attorney, Okamoto Law Office (current) May 2024 Outside Director, JASON Co., Ltd. (current) Jun 2025 Part-time Lecturer, Japan University of Health Sciences (current) Jun 2025 Outside Corporate Auditor, Implex & Company Inc. (current) Mar 2026 Corporate Auditor, the Company (current)
1980-11-03
Large Shareholding Reports
I Asset Management LLC
2025-09-01
16.70%→14.75%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-06-30): 18.62%
I Asset Management LLC
2025-09-01
16.70%→14.75%
Annual report (as of 2026-06-30): 18.62%
I Asset Management LLC
2025-08-29
16.70%→16.70%
Annual report (as of 2026-06-30): 18.62%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-10
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-10
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-05-11
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-31
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-10
Q3 Earnings Flash
FY ending Dec 2025
EDINETAmended
2025-09-01
Change Report
EDINET
2025-09-01
Large Shareholding Report
EDINET
2025-08-29
Large Shareholding Report
EDINET
2025-08-12
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-12
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-31
Annual Securities Report
Period: Jul 2024 – Dec 2024
EDINETAmended
2025-02-25
Amended Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINETAmended
2025-02-25
Amended Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINETAmended
2025-02-25
Amended Quarterly Securities Report
Period: Jul 2022 – Sep 2022
EDINETAmended
2025-02-25
Amended Annual Securities Report
Period: Jul 2023 – Jun 2024
EDINETAmended
2025-02-25
Amended Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINETAmended
2025-02-25
Amended Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINETAmended
2025-02-25
Amended Annual Securities Report
Period: Jul 2022 – Jun 2023
EDINETAmended
2025-02-25
Amended Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2024-09-30
Annual Securities Report
Period: Jul 2023 – Jun 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2023-10-02
Amended Annual Securities Report
Period: Jul 2022 – Jun 2023
EDINET
2023-09-29
Annual Securities Report
Period: Jul 2022 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-09-29
Annual Securities Report
EDINETAmended
2022-09-22
Amended Quarterly Securities Report
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