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Overview

Services

BayCurrent,Inc.

BayCurrent is an independent, full-service management consulting firm serving Japan's leading companies across a wide range of industries. The firm provides advisory services spanning corporate strategy, digital transformation, and operational improvement, supporting top management decision-making through both planning and execution phases. As an independent firm unaffiliated with any corporate group or keiretsu, BayCurrent offers neutral, client-specific recommendations tailored to each organization's culture and values.

Market Cap

¥1,690B

US$10.8B

¥1,645B

US$10.5B

Stock¥11,500▲+0.52%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

27.0

LTM EV/EBIT

28.6

LTM PER

39.5

LTM PBR

16.5

Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+31.6%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Jan 16, 26Q3 guidance downward revision announced

2Feb 4, 26Analyst target price downgrade

3Feb 12, 26Q3 earnings release with margin decline

4Feb 24, 26Q3 earnings release and guidance downward

5Jul 16, 26Q1 FY2027/02 earnings announced

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

92%

EquityD/E 0.09xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 58.5%

as of 2026-08-31 · Source: Annual Securities Report

The Master Trust Bank of Japan, Ltd. (Trust Account)

27.14%

Custody Bank of Japan, Ltd. (Trust Account)

10.54%

Arata EGUCHI

5.48%

STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)

3.02%

STATE STREET BANK AND TRUST CLIENT OMNIBUS ACCOUNT OM02 505002 (Standing Proxy: Mizuho Bank, Ltd.)

2.59%

HSBC BANK PLC (UK) A/C CLIENTS RE UCIT5 JAPAN OMNIBUS TREATY (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)

2.37%

JPMorgan Securities Japan Co., Ltd.

2.23%

Kazumi HAGIHIRA

1.99%

STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)

1.74%

JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)

1.41%

Management

9 officers

Yoshiyuki ABE

Representative Director, Chairman and President

Sep 2008 Joined former BayCurrent Consulting, Inc. Nov 2008 Executive Officer, BayCurrent Consulting, Inc. May 2015 Director, the Company; General Manager, Consulting & IT Business Division, the Company Dec 2016 Representative Director, President, the Company May 2025 Director, Chairman, the Company Nov 2025 Representative Director, Chairman and President, the Company (current)

1966-04-04

Kentaro IKEHIRA

Representative Director, Vice President

Sep 2007 Joined former BayCurrent Consulting, Inc. Apr 2015 Executive Officer, the Company May 2015 Director, the Company Jun 2015 Director, General Manager, Sales Division, the Company May 2021 Representative Director, Vice President, the Company (current)

1977-10-01

Kosuke NAKAMURA

Director, Chief Financial Officer

Jan 2007 Joined former BayCurrent Consulting, Inc. Apr 2015 Executive Officer, the Company May 2015 Director, General Manager, Administration Division, the Company May 2021 Director, Chief Financial Officer, the Company (current)

1982-07-07

Toshimune KOJI

Director

Dec 2013 Registered as attorney-at-law Dec 2013 Joined Chuo Sogo Law Office Mar 2016 Director, the Company (current) Apr 2025 Partner, Yamashita, Tsuge & Futamura Law Office (current)

1984-07-05

Shintaro SATO

Director

Oct 2000 Registered as attorney-at-law; joined TMI Associates Oct 2017 Established Shintaro Sato Law Office; Representative (current) May 2018 Director, the Company (current)

1974-03-01

Yoshitaka OKUYAMA

Director (Full-time Audit and Supervisory Committee Member)

Sep 1981 Joined Nomura Securities Co., Ltd. Jul 1982 Seconded to Nomura Bank (Switzerland) Ltd. Nov 1990 CEO, Nomura Bank (Belgium) S.A./N.V. May 1995 CEO, Banque Nomura France S.A. May 2003 Seconded to Nomura Asset Management Co., Ltd. May 2015 Audit & Supervisory Board Member, the Company May 2023 Director (Audit and Supervisory Committee Member), the Company (current)

1950-04-22

Yuichiro KASUYA

Director (Audit and Supervisory Committee Member)

Dec 2005 Joined Chuo Aoyama Audit Corporation (currently Misuzu Audit Corporation) Jul 2007 Joined Shin Nihon & Co. (currently EY ShinNihon LLC) Jul 2010 Registered as certified public accountant Sep 2014 Established Kasuya CPA Office (currently Kasuya CPA & Tax Accountant Office); Representative (current) Mar 2016 Audit & Supervisory Board Member, the Company Nov 2016 Outside Director, Living Gallery Co., Ltd. Mar 2019 Audit & Supervisory Board Member, Hayashigo Co., Ltd. May 2023 Director (Audit and Supervisory Committee Member), the Company (current)

1980-11-18

Tetsuya FUJIMOTO

Director (Audit and Supervisory Committee Member)

Apr 2008 Joined The Kyoto Bank, Ltd. Oct 2008 Joined Tai Yoshio International Tax Accounting Office Apr 2015 Registered as certified tax accountant Apr 2015 Established Tetsuya Fujimoto Tax Accountant Office; Representative (current) Mar 2016 Audit & Supervisory Board Member, the Company May 2023 Director (Audit and Supervisory Committee Member), the Company (current)

1986-01-08

Yoshie MIDORIKAWA

Director (Audit and Supervisory Committee Member)

Dec 2007 Registered as attorney-at-law Jan 2008 Joined Mori Hamada & Matsumoto Jan 2015 Registered as attorney-at-law in New York State Jan 2019 Partner, Miura & Partners (current) Jun 2019 Outside Audit & Supervisory Board Member, I.P.S. Co., Ltd. Jun 2019 Supervisory Officer, SOSiLA Logistics REIT, Inc. (current) May 2022 Audit & Supervisory Board Member, the Company May 2023 Director (Audit and Supervisory Committee Member), the Company (current) Jun 2023 Outside Director, JUST SYSTEMS INC. (current) Jun 2023 Outside Director, Higashi Pre Co., Ltd. (current)

1979-05-08

Large Shareholding Reports

Daiwa Asset Management Co., Ltd.

2026-09-04

5.27%

Capital Research and Management Company

2026-07-23

4.51%

Fidelity Management & Research Company LLC

2026-06-18

4.50%→2.80%

Fidelity Management & Research Company LLC

2026-06-18

5.87%→4.50%

Fidelity Management & Research Company LLC

2026-06-18

3.99%→4.86%

Fidelity Management & Research Company LLC

2026-06-18

4.86%→5.87%

FMR LLC

2026-06-18

—

FMR LLC

2026-06-18

—

FMR LLC

2026-06-18

8.48%→5.91%

Correction filing (name/detail fix only) — ratio carried over from the original filing

FMR LLC

2026-06-18

7.43%→8.48%

Correction filing (name/detail fix only) — ratio carried over from the original filing

FMR LLC

2026-06-10

—

Fidelity Management & Research Company LLC

2026-06-10

3.27%→3.99%

Fidelity Management & Research Company LLC

2026-06-08

3.27%

FMR LLC

2026-06-08

—

Daiwa Asset Management Co., Ltd.

2026-03-19

6.29%→4.46%

FMR LLC

2026-03-06

5.91%→3.62%

Daiwa Asset Management Co., Ltd.

2026-03-05

6.29%

FMR LLC

2026-02-20

8.48%→5.91%

Mawer Investment Management Ltd.

2026-02-19

5.09%→3.77%

FMR LLC

2025-11-21

7.43%→8.48%

Amova Asset Management Co., Ltd.

2025-10-21

3.08%→4.63%

Nomura Asset Management Co., Ltd.

2025-10-17

9.13%→9.21%

Nomura Asset Management Co., Ltd.

2025-10-06

6.26%→9.13%

BlackRock Japan Co., Ltd.

2025-10-03

2.46%

Amova Asset Management Co., Ltd.

2025-09-19

3.09%→3.08%

Mitsubishi UFJ Trust and Banking Corporation

2025-09-16

1.75%→1.67%

Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.

2025-09-01

1.89%

Arata EGUCHI

2025-08-01

6.98%→5.96%

Annual report (as of 2026-08-31): 5.48%

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-10-15

Q2 Earnings Flash

FY ending Feb 2027

BayCurrent,Inc.

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BayCurrent,Inc.

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