Overview
Services

HOPE,INC.

Hope Co., Ltd. is a Japan-based company specializing in services exclusively for local governments (municipalities), helping them secure revenue sources and reduce costs. Its core Advertisement Business (SR and SC services) involves procuring advertising space from municipalities—across websites, public relations materials, tax notices, and printed booklets—and selling it to private companies, while its JICHITAI WORKS Business connects private enterprises with municipalities through media, B-to-G marketing solutions, and an information-sharing platform. Additional services include corporate hometown tax donation support, a vacant property consultation service (Akisol), and a municipal information distribution app (Machiiro).

Market Cap
¥2.69B
US$17.2M
EV
¥2.25B
US$14.4M
Stock¥199▲+0.00%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
8.2
x
LTM EV/EBIT
9.1
x
LTM PER
15.7
x
LTM PBR
3.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-19.8%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jan 23, 26Q3 earnings announcement
2Feb 16, 26Profit-taking selling
MC → EV Bridge
2.69BUS$17.2MMarket Cap0.41BUS$2.60M+ Debt0.79BUS$5.04M− Cash0.06BUS$0.36M− Inv. Sec.2.25BUS$14.4MEV
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Performance & Balance
Revenue 5Y (¥B)
35.6US$227M'22/32.16US$13.8M'23/32.55US$16.3M'24/33.14US$20.0M'25/33.63US$23.2M'26/3
EBITDA 5Y (¥B)
-16.6-US$106M'22/30.20US$1.26M'23/30.25US$1.57M'24/30.31US$1.99M'25/30.37US$2.35M'26/3
Net Income 5Y (¥B)
-19.7-US$126M'22/35.03US$32.1M'23/30.26US$1.66M'24/30.36US$2.28M'25/30.26US$1.68M'26/3
Capital Structure
69%
31%
EquityD/E 0.46xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
0.92US$5.89M1.60US$10.2M'22/31.52US$9.66M0.80US$5.08M'23/31.03US$6.56M0.10US$0.64M'24/30.98US$6.27M0.14US$0.89M'25/31.20US$7.67M0.58US$3.72M'26/3
Shareholders
Top 10 hold 49.9%
1
CHANGE Holdings,Inc.
18.80%
2
E.T. Co., Ltd.
9.75%
3
Takayasu TOKITSU
9.65%
4
Shohei SAITO
2.08%
5
Hiroshi FUKUDOME
1.80%
6
BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCT E PSMPJ (Standing Proxy: MUFG Bank, Ltd.)
1.72%
7
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
1.66%
8
Rakuten Securities, Inc. (Joint Account)
1.57%
9
Koji KONDO
1.49%
10
Tairo TAKEDA
1.34%
Management
8 officers
Takayasu TOKITSU
Representative Director, President and CEO
Feb 2005 Representative Director, President, Hope Capital Co., Ltd. (now the Company) Jun 2017 Representative Director, President and CEO, the Company (current) Dec 2021 President, Jichitai Ad Co., Ltd. (current) Dec 2021 President, Jichitai Works Co., Ltd. Mar 2024 President, Machiiro Co., Ltd. (current) Mar 2024 Representative Director, Jichitai Mirai Research Foundation, General Incorporated Foundation (current) Apr 2024 Director, Jichitai Works Co., Ltd. (current) Jul 2025 Director, Jichitai Link Co., Ltd. (current)
1981-01-22
Shimpei MORI
Director, Vice President and COO
Apr 2008 Joined the Company Nov 2011 Director, the Company May 2013 General Manager, Sales Promotion Department, the Company Oct 2014 General Manager, Media Creation Department, the Company Jul 2016 General Manager, Human Resources Department and General Manager, Corporate Planning Department, the Company Jun 2017 Director and COO, the Company Dec 2021 Director, Jichitai Ad Co., Ltd. (current) Dec 2021 Director, Jichitai Works Co., Ltd. Apr 2024 Representative Director, President, Jichitai Works Co., Ltd. (current) Mar 2025 Director, Chiho Sosei Technology Lab Co., Ltd. (current) Jun 2026 Director, Vice President and COO, the Company (current)
1983-04-30
Kensuke OSHIMA
Senior Managing Director and CFO
Oct 2011 Joined the Company May 2013 General Manager, Administration Department, the Company Dec 2013 Director, the Company Jun 2017 Director and CFO, the Company Dec 2021 Director, Jichitai Ad Co., Ltd. (current) Dec 2021 Director, Jichitai Works Co., Ltd. (current) Jun 2026 Senior Managing Director and CFO, the Company (current)
1981-11-25
Eri HIRATA
Director
Dec 2012 Registered as attorney-at-law; joined Kitahama Law Office May 2017 Joined Nishimura & Asahi Law Office Jan 2019 Fukuoka Office, Nishimura & Asahi Law Office (current) Sep 2021 Director, the Company (current)
1985-12-29
Shinya SAKURAI
Director
Apr 2010 Joined KPMG AZSA LLC Aug 2013 Joined Recruit Holdings Co., Ltd. Feb 2015 Registered as Certified Public Accountant (withdrew Apr 2020; re-registered May 2021) Jun 2021 Joined Linc'well Inc. (General Manager, Corporate Management Department) Apr 2022 Executive Officer and General Manager, Corporate Management Department, Linc'well Inc. Apr 2024 Joined Change Holdings, Inc. (Head of CFO Office) Jun 2025 Director, the Company (current) Jul 2025 Executive Officer and Head of CFO Office, Change Holdings, Inc. (current) Apr 2026 Director (non-executive), Digital Growth Academia Inc. (current)
1986-04-06
Takaaki MATSUYAMA
Full-time Audit & Supervisory Board Member
Mar 1974 Joined Fukuoka Sogo Bank, Ltd. (now The Nishi-Nippon City Bank, Ltd.) Jun 2001 Managing Director and General Manager, Sales Division, Kyushu Lease Service Co., Ltd. Jun 2004 Director and General Manager, General Affairs Department, NCB Business Services Co., Ltd. Jun 2006 Audit & Supervisory Board Member, Kyushu Credit Collection Co., Ltd. Dec 2014 Registered as Certified Social Insurance and Labor Consultant (Fukuoka Prefectural Association of Social Insurance and Labor Consultants) Jun 2015 Audit & Supervisory Board Member, Beta Soft Co., Ltd. Mar 2017 Audit & Supervisory Board Member, the Company (current)
1951-01-12
Yasuhiro KAWAKAMI
Audit & Supervisory Board Member
Apr 2001 Joined Pietro Co., Ltd. Jan 2007 Joined Fukuoka Realty Co., Ltd. Jul 2007 Opened Yasuhiro Kawakami Certified Tax Accountant Office; Head (current) Apr 2011 Established Suito Fukuoka Project LLC (now Kawakami SME Management Consultant Office LLC); Representative Member (current) Nov 2011 Audit & Supervisory Board Member, the Company (current) Jul 2020 Auditor, Kyushu no Shoku General Incorporated Association (current) Aug 2020 Fukuoka Prefectural Association of Small and Medium Enterprise Management Consultants, General Incorporated Association (current)
1976-05-13
Kazuya MATSUMOTO
Audit & Supervisory Board Member
Oct 2002 Joined Deloitte Touche Tohmatsu (currently Deloitte Touche Tohmatsu LLC) Jun 2006 Registered as Certified Public Accountant Feb 2022 Resigned from Deloitte Touche Tohmatsu LLC Mar 2022 Established MBBR Inc., Representative Director, President (current) Mar 2022 Opened Kazuya Matsumoto CPA Office Mar 2022 Outside Corporate Auditor, Ongrit Holdings Inc. (current) Mar 2022 Outside Director, M.E.M. Inc. (current) Sep 2022 Outside Corporate Auditor, Answer Holdings Inc. May 2023 Outside Corporate Auditor, Aeon Kyushu Co., Ltd. (current) Jun 2023 Corporate Auditor of the Company (current) Dec 2023 Senior Partner (Representative Member), Kitakyushu Audit Corporation (current)
1974-07-23
Large Shareholding Reports
Takayasu Tokitsu
2026-10-07
9.46%→8.30%
Annual report (as of 2026-03-31): 9.65%
Shimpei Mori
2026-07-31
5.51%→2.01%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-07
Large Shareholding Report
TDnet
2026-08-12
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-31
Large Shareholding Report
EDINET
2026-06-29
Annual Securities Report
Period: Apr 2025 – Mar 2026
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
2025-08-12
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-30
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
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-30
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINETAmended
2022-12-23
Amended Quarterly Securities Report
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-30
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-15
Quarterly Securities Report
EDINET
2021-09-29
Annual Securities Report
EDINET
2021-05-10
Quarterly Securities Report
EDINET
2021-02-15
Quarterly Securities Report
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