Overview
Services

Orchestra Holdings Inc.

Orchestra Holdings is a Japanese holding company operating across two core segments: Digital Transformation (DX) and Digital Marketing. The DX segment provides system development, software testing, and cloud integration services through subsidiaries such as Sharing Innovations and Vess, while the Digital Marketing segment offers performance advertising, SEO consulting, and creative services through Digital Identity. The group also incubates emerging businesses in areas including SaaS (talent management system 'SkillNavi'), IT staffing, game development, and M&A advisory through its corporate venture capital arm, Orchestra Investment.

Market Cap
¥20.9B
US$133M
EV
¥23.1B
US$147M
Stock¥2,234▼-0.49%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.2
x
LTM EV/EBIT
11.3
x
LTM PER
17.0
x
LTM PBR
3.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+165.8%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 17, 25Announced Ves acquisition for software market entry
2Sep 28, 26Dividend forecast raised from ¥30 to ¥50 per share, 9th consecutive increase, yield to 4.07%
3Sep 29, 26Dividend hike (¥30→¥50) and expanded shareholder benefits raising yield to 10.17%
MC → EV Bridge
20.9BUS$133MMarket Cap6.89BUS$43.9M+ Debt4.25BUS$27.1M− Cash0.96BUS$6.12M− Inv. Sec.0.54BUS$3.45M+ NCI23.1BUS$147MEV
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Performance & Balance
Revenue 5Y (¥B)
16.6US$106M'21/1210.4US$66.2M'22/1212.1US$77.2M'23/1214.0US$89.5M'24/1215.8US$101M'25/12
EBITDA 5Y (¥B)
1.28US$8.16M'21/121.39US$8.87M'22/120.83US$5.29M'23/121.40US$8.92M'24/121.81US$11.5M'25/12
Net Income 5Y (¥B)
0.76US$4.83M'21/120.85US$5.44M'22/120.47US$3.02M'23/120.33US$2.11M'24/120.82US$5.20M'25/12
Capital Structure
49%
51%
EquityD/E 1.03xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
5.54US$35.3M1.53US$9.78M'21/123.98US$25.4M1.71US$10.9M'22/124.18US$26.7M3.01US$19.2M'23/124.25US$27.1M2.88US$18.4M'24/123.54US$22.6M5.29US$33.7M'25/12
Shareholders
Top 10 hold 68.6%
1
Keiro NAKAMURA
17.83%
2
Koki SATO
16.51%
3
Kei Capital Co., Ltd.
8.30%
4
TSK Capital Co., Ltd.
8.30%
5
Kishu WAKIYAMA
4.39%
6
The Master Trust Bank of Japan, Ltd. (Trust Account)
3.97%
7
Kenji SUZUKI
3.47%
8
Kyoichi KAGEYAMA
2.14%
9
Naomi GODAIGI
1.87%
10
Taiji IWASAKI
1.79%
Management
9 officers
Keiro NAKAMURA
Representative Director, President
Apr 1998: Joined Nomura Securities Co., Ltd. Apr 1999: Joined Morgan Stanley Investment Management Co., Ltd. Mar 2001: Joined Bank of America, N.A. Jul 2005: Completed MBA program, University of London Sep 2005: Joined Japan L'Oréal Co., Ltd. Jun 2009: Founded the Company; assumed office as Director Mar 2011: Assumed office as Representative Director of the Company Jun 2017: Assumed office as Representative Director, Orchestra Investment Co., Ltd. (current) Apr 2019: Assumed office as Representative Director, President of the Company (current) Mar 2021: Assumed office as Outside Director, Eyes Co., Ltd. (current) Nov 2021: Assumed office as Director, R-Stone Co., Ltd. (current) Apr 2023: Assumed office as Representative Director, VES Co., Ltd. (current) Aug 2024: Assumed office as Outside Director, NEXT ONE Co., Ltd. (current) Oct 2024: Assumed office as Director, Land-Ho Co., Ltd. (current)
1974-10-22
Koki SATO
Representative Director
Apr 2002: Joined Daiko Advertising Inc. Jun 2009: Founded the Company Feb 2011: Assumed office as Director of the Company Mar 2016: Assumed office as Representative Director and COO of the Company Jun 2017: Assumed office as Representative Director, Orchestra Investment Co., Ltd. (current) Dec 2018: Assumed office as Outside Director, NEXYZ.Group Co., Ltd. (current) Apr 2019: Assumed office as Representative Director of the Company (current) Oct 2020: Assumed office as Outside Audit & Supervisory Board Member, Balnibarbi Co., Ltd. Nov 2021: Assumed office as Director, R-Stone Co., Ltd. (current) Apr 2023: Assumed office as Representative Director, VES Co., Ltd. (current)
1979-03-01
Kenji SUZUKI
Director
Apr 2004: Joined Accenture Consulting Co., Ltd. (Abeam Consulting Ltd.) Feb 2006: Joined CyberAgent, Inc. Sep 2011: Joined Bizstyle Inc. Jan 2012: Joined the Company Mar 2013: Assumed office as Director of the Company in charge of Digital Marketing (current) Jul 2017: Assumed office as Representative Director, Digital Identity Co., Ltd. (current) Nov 2021: Assumed office as Director, Pam Co., Ltd., and Director, Peace Co., Ltd. Mar 2022: Assumed office as Representative Director, Pam Co., Ltd. (current) and Representative Director, Peace Co., Ltd. (current)
1980-11-18
Naomi GODAIGI
Director, CFO
Apr 1998: Joined Nomura Securities Co., Ltd. Jun 2000: Joined EY Transaction Advisory Services Co., Ltd. Oct 2003: Joined ShinNihon Audit Corporation (now EY ShinNihon LLC) Aug 2007: Joined Goldman Sachs Japan Holdings Ltd. Sep 2014: Joined the Company; assumed office as General Manager, Corporate Management Division Oct 2014: Assumed office as Director of the Company Nov 2015: Assumed office as Director and CFO of the Company (current) Jun 2017: Assumed office as Director, Orchestra Investment Co., Ltd. (current) Apr 2023: Assumed office as Director, VES Co., Ltd. (current)
1975-08-26
Toshiki WAKAMATSU
Director
Oct 2005: Registered with the Daini Tokyo Bar Association Oct 2005: Joined Sato Law Offices Jun 2011: Assumed office as Audit & Supervisory Board Member, Iwaki Co., Ltd. Jun 2016: Assumed office as Director of the Company (current) Mar 2019: Assumed office as Audit & Supervisory Board Member, Neural Group Inc. Oct 2019: Established Saltus Law Office as Representative (current) Apr 2021: Assumed office as Outside Director, Vestera Inc. (current) Mar 2024: Assumed office as Outside Director, Neural Group Inc. (current)
1977-09-19
Hiroyuki IWAI
Director
Apr 1995: Joined Seiko-do Inc. May 2005: Joined NetProtections Inc. Jan 2011: Founded Kakko Inc.; assumed office as Representative Director, President (current) Mar 2022: Assumed office as Outside Director of the Company (current) Apr 2022: Assumed office as Outside Director, Dive Inc. (current)
1971-09-15
Yukiko NAKAJIMA
Full-time Statutory Auditor
Apr 2005: Joined Tokyo Kumi Co., Ltd. Feb 2013: Joined Azusa Audit LLC May 2018: Established Nakajima CPA Office as Representative (current) Aug 2018: Assumed office as Outside Audit & Supervisory Board Member, BitStar Inc. Mar 2020: Assumed office as Full-time Outside Statutory Auditor of the Company (current) Mar 2020: Assumed office as Statutory Auditor, Sharing Innovations Inc. Mar 2020: Assumed office as Statutory Auditor, Digital Identity Co., Ltd. (current) Mar 2020: Assumed office as Statutory Auditor, One O One Inc. (current) May 2021: Assumed office as Outside Director, Studio Atao Co., Ltd. (current)
1982-11-24
Naoki SUGIURA
Statutory Auditor
Apr 1999: Joined Nomura Securities Co., Ltd. Dec 2003: Joined ShinNihon Audit Corporation (now EY ShinNihon LLC) Aug 2005: Established Sugiura CPA Office as Representative (current) Dec 2008: Assumed office as Representative Director, Asset Prime Co., Ltd. (current) Jun 2009: Assumed office as Outside Statutory Auditor of the Company (current) Feb 2010: Assumed office as Director, Salina Co., Ltd. Nov 2016: Assumed office as Representative Partner, Asset Prime Tax Accountant Corporation (current)
1973-12-07
Ryutaro IWANAMI
Statutory Auditor
Oct 2000: Joined Ota Showa Sentury Audit Corporation (now EY ShinNihon LLC) Feb 2014: Joined Kuniumi Asset Management Co., Ltd. May 2015: Assumed office as Representative, Iwanami CPA Office (current) Mar 2016: Assumed office as Outside Statutory Auditor of the Company (current) Oct 2016: Assumed office as Representative Director, i-Plus Advisory Co., Ltd. (current) Mar 2022: Assumed office as Outside Audit & Supervisory Board Member, Integrity Healthcare Inc. Apr 2022: Assumed office as Outside Audit & Supervisory Board Member, Kingsoft Japan Co., Ltd. Jun 2025: Assumed office as Outside Statutory Auditor, Global Vascular Co., Ltd. (current) Jul 2025: Assumed office as Partner, Kosei Audit Corporation (current)
1975-12-17
Large Shareholding Reports
Koki SATO
2026-02-04
17.18%→15.76%
Annual report (as of 2026-06-30): 16.51%
Koki SATO
2026-02-04
17.18%→15.76%
Annual report (as of 2026-06-30): 16.51%
Kouki SATO
2026-02-04
15.76%→15.76%
Annual report (as of 2026-06-30): 16.51%
Disclosures
M&A / Other
2026-08-25
Primary Source Filings
TDnet
2026-08-25
M&A / Other
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-14
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-25
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-02-04
Large Shareholding Report
EDINET
2026-02-04
Large Shareholding Report
EDINET
2026-02-04
Large Shareholding Report
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-14
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-14
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-27
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-14
Semi-Annual Securities Report
Period: Jan 2024 – Jun 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-29
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2023-09-08
Amended Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINETAmended
2023-09-08
Amended Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-27
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-30
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-31
Annual Securities Report
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