Overview
Electric Appliances

SAXA,Inc.

SAXA Group develops, manufactures, and sells information and communications systems equipment and components, along with related services. Its core product lines include business phones, network appliances, security and disaster prevention systems, OEM products (business phones, amusement, security), EMS (electronics manufacturing services), system solutions, and video solutions. The Group targets corporate clients in Japan, leveraging proprietary connectivity technologies as a competitive strength.

Market Cap
¥34.9B
US$223M
EV
¥-0.31B
-US$1.96M
Stock¥2,003▼-0.60%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
2.2
x
LTM PBR
0.7
x
2026-08-25 closing price basis: ranked #28 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-45B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-11.0%pt
100123
Oct 23, 25 – Oct 23, 26StockTOPIX
1Feb 19, 26Asset Value Investors Limited filed large shareholding report
2Mar 5, 26Asset Value Investors Limited changed stake (5.03%→6.07%)
3Mar 16, 26Asset Value Investors Limited changed stake (6.07%→7.37%)
MC → EV Bridge
34.9BUS$223MMarket Cap1.45BUS$9.25M+ Debt19.2BUS$123M− Cash17.4BUS$111M− Inv. Sec.-0.31B-US$1.96MEV
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Performance & Balance
Revenue 5Y (¥B)
30.8US$196M'22/337.3US$238M'23/340.9US$261M'24/344.0US$280M'25/344.1US$281M'26/3
EBITDA 5Y (¥B)
1.16US$7.42M'22/33.21US$20.5M'23/34.13US$26.3M'24/33.97US$25.3M'25/33.01US$19.2M'26/3
Net Income 5Y (¥B)
1.21US$7.70M'22/30.60US$3.83M'23/32.80US$17.9M'24/33.50US$22.3M'25/31.38US$8.77M'26/3
Capital Structure
97%
EquityD/E 0.03xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
11.0US$70.3M2.86US$18.3M'22/313.2US$84.4M3.11US$19.9M'23/313.9US$88.4M1.40US$8.95M'24/313.2US$84.3M2.75US$17.6M'25/314.3US$91.1M6.62US$42.2M'26/3
Shareholders
Top 10 hold 52.0%
1
Oki Electric Industry Company,Limited
14.02%
2
GLOBAL MANAGEMENT PARTNERS LIMITED (Standing Proxy: Citibank, N.A., Tokyo Branch)
12.29%
3
AVI JAPAN OPPORTUNITY TRUST PLC (Standing Proxy: Mizuho Bank, Ltd.)
6.88%
4
Mizuho Bank, Ltd.
4.03%
5
Mitsubishi Estate Company,Limited
3.96%
6
Sumitomo Mitsui Banking Corporation
3.04%
7
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
3.00%
8
MUFG Bank, Ltd.
1.65%
9
SG/UCITS V/INV (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
1.60%
10
Mizuho Trust & Banking Co., Ltd.
1.55%
Management
8 officers
Masatoshi SAITO
Representative Director, President and Executive Officer
Apr 1986 Joined Oki Electric Industry Co., Ltd. Apr 2016 General Manager, Corporate Planning Department, Oki Electric Industry Co., Ltd. Apr 2017 Executive Officer, General Manager, Corporate Planning Department, Oki Electric Industry Co., Ltd. Apr 2018 Senior Executive Officer, General Manager, Corporate Planning Headquarters, and Chief Information Officer, Oki Electric Industry Co., Ltd. Apr 2019 Senior Executive Officer, Deputy General Manager, Mechatronics Systems Business Headquarters, and General Manager, Automated Machinery Business Division, Oki Electric Industry Co., Ltd. Apr 2020 Managing Executive Officer, Deputy General Manager, Component & Platform Business Headquarters, Oki Electric Industry Co., Ltd. Jun 2020 Executive Vice President and Executive Officer, Oki Data Corporation Apr 2021 Managing Executive Officer, General Manager, Component & Platform Business Headquarters, Oki Electric Industry Co., Ltd. Jun 2021 Director, Oki Electric Industry Co., Ltd. Apr 2023 Advisor to the Company Jun 2023 Director of the Company Oct 2023 Representative Director, President of the Company Director (part-time), System K Co., Ltd. Jul 2024 Representative Director, President and Executive Officer, CEO of the Company Apr 2026 Representative Director, President and Executive Officer of the Company Jun 2026 Representative Director, President and Executive Officer of the Company (current)
1963-12-20
Shutaro OTAWARA
Director, Senior Managing Executive Officer, General Manager, Finance Department
Apr 1988 Joined Sumitomo Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Apr 2012 General Manager, Corporate & Investment Banking Promotion Department, SMBC Nikko Securities Inc. Apr 2013 General Manager, Wholesale Business Promotion Department, SMBC Nikko Securities Inc. Apr 2014 General Manager, Second Department, Corporate Advisory Division, Sumitomo Mitsui Banking Corporation Apr 2016 General Manager, Public & Financial Institutions Department, Sumitomo Mitsui Banking Corporation May 2017 Senior Chief Specialist, Corporate Planning Department, Corporate Planning Headquarters, Oki Electric Industry Co., Ltd. Apr 2018 General Manager, Global Group Office, Corporate Planning Department, Corporate Planning Headquarters, Oki Electric Industry Co., Ltd.; Director, Oki Wintech Co., Ltd. (now OKI Cross Tech Co., Ltd.) Oct 2018 Director, Oki Customer Adtech Co., Ltd. (now OKI Cross Tech Co., Ltd.) Apr 2019 Director, OKI Cross Tech Co., Ltd.; Director, OKI Pro Serve Co., Ltd.; Executive Participating Officer and General Manager, Global Group Office, Corporate Planning Department, Corporate Planning Headquarters, Oki Electric Industry Co., Ltd. Apr 2020 Executive Officer, General Manager, Corporate Planning Department, Corporate Headquarters, Oki Electric Industry Co., Ltd. Apr 2021 Director, JECC Corporation Apr 2022 Executive Officer, Deputy General Manager, Corporate Headquarters, and General Manager, Corporate Communications Division, Oki Electric Industry Co., Ltd. Jun 2022 Outside Director (part-time) of the Company Apr 2023 Executive Officer, Special Assignment, Oki Electric Industry Co., Ltd. Apr 2024 Executive Director, Special Assignment, Oki Electric Industry Co., Ltd.; Managing Executive Officer, OKI Cross Tech Co., Ltd. Apr 2026 Advisor to the Company Jun 2026 General Manager, Finance Department of the Company Jun 2026 Director, Senior Managing Executive Officer, General Manager, Finance Department of the Company (current)
1963-09-09
Taizo SAITO
Director, Managing Executive Officer, and Chairman, Business Structure Transformation Committee
Apr 1990 Joined Yasuda Trust & Banking Co., Ltd. (now Mizuho Trust & Banking Co., Ltd.) Jan 2010 Deputy Manager, Structured Products Planning Department, Mizuho Trust & Banking Co., Ltd. Apr 2012 Deputy Manager, Corporate Business Department, Mizuho Trust & Banking Co., Ltd. Oct 2013 Manager, Corporate Sales Department, Nagoya Branch, and Counselor, Compliance Control Department, Mizuho Trust & Banking Co., Ltd. Apr 2016 Branch Manager, Urawa Branch, Mizuho Trust & Banking Co., Ltd. Apr 2018 General Manager, Osaka Securities Agency Department, Mizuho Trust & Banking Co., Ltd. Oct 2022 Head of Internal Control Office, Group, the Company Apr 2023 Head of Compliance Promotion Office, the Company Jul 2024 Executive Officer, Deputy General Manager of Administration Division, and General Manager, General Affairs Department, the Company Apr 2026 Managing Executive Officer, and Chairman, Business Structure Transformation Committee, the Company Jun 2026 Director, Managing Executive Officer, and Chairman, Business Structure Transformation Committee, the Company (current)
1968-03-24
Kei HAMANO
Director
Jul 2013 Executive Director, Japan External Trade Organization (JETRO) Oct 2015 Policy Advisor to the Cabinet Secretariat (Cool Japan Strategy) Apr 2016 Policy Advisor, Intellectual Property Strategy Headquarters Secretariat, Cabinet Office (Cool Japan Strategy); Councilor, JETRO Executive Director, Shinshu University (current) Apr 2017 Member, Evaluation Division Committee, Independent Administrative Institution Evaluation System Committee, Ministry of Internal Affairs and Communications Dec 2019 Member, Citizens' Council, Japan Federation of Bar Associations (current) Jun 2020 Outside Director, Glosel Co., Ltd. Jun 2021 Outside Director, Hachijuni Bank, Ltd. (now Hachijuni Nagano Bank, Ltd.) (current) Jun 2025 Outside Director (part-time) of the Company (current)
1955-04-17
Satoshi HIRANO
Director
Jun 2013 Representative Director, President and CEO, Topcon Corporation Apr 2023 Representative Director, Chairman, Topcon Corporation Jun 2024 Outside Director, JVCKENWOOD Corporation (current) Jun 2025 Outside Director (part-time) of the Company (current)
1957-12-12
Masaharu HASEGAWA
Director, Audit and Supervisory Committee Member
Apr 1991 Joined Tamura Electric Works, Ltd. Apr 2015 Deputy General Manager, General Affairs, CSR Promotion Office, and Deputy General Manager, General Affairs, General Affairs & HR Department, the Company; Deputy General Manager, General Affairs, General Affairs Department, Management Division, Saxa Inc. Apr 2017 Deputy General Manager, General Affairs, General Affairs & HR Department, the Company; Deputy General Manager, General Affairs, Management Division, Business Planning Headquarters, Saxa Inc. Apr 2018 Deputy General Manager, Accounting & Finance, Accounting Department, the Company; Deputy General Manager, Accounting & Finance, Management Division, Business Planning Headquarters, Saxa Inc. Jun 2019 General Manager, Accounting Department, the Company; Deputy General Manager, Accounting & Finance, Management Division, Saxa Inc. Apr 2020 General Manager, Accounting Department, Saxa Inc. Nov 2020 Audit & Supervisory Board Member, Saxa Techno Co., Ltd. Dec 2020 General Manager, Finance Department, the Company; General Manager, Accounting Department, Management Division, Saxa Inc. Jun 2021 Executive Officer, General Manager, Management Division, and General Manager, General Affairs & HR Department, Saxa Inc. Apr 2022 Executive Officer, General Manager, Corporate Headquarters, and General Manager, General Affairs & HR Department, Saxa Inc. Jul 2022 Executive Officer, General Manager, Corporate Headquarters, Saxa Inc. Apr 2023 Managing Executive Officer, General Manager, Corporate Headquarters, Saxa Inc. Jun 2024 Director of the Company Jul 2024 Director, Managing Executive Officer, CFO, General Manager, Management Division, and General Manager, Finance Department, the Company Apr 2026 Director, Managing Executive Officer, General Manager, Finance Department, the Company Jun 2026 Director, Managing Executive Officer of the Company Jun 2026 Director, Audit and Supervisory Committee Member of the Company (current)
1969-03-06
Yuto YAMAZAKI
Director, Audit and Supervisory Committee Member
Oct 2005 Registered as Attorney-at-Law Jul 2013 Partner, Showa Sogo Law Office (current) Jun 2016 Substitute Audit & Supervisory Board Member, the Company; Member, Independent Committee, the Company Nov 2022 Outside Audit & Supervisory Board Member (part-time), the Company May 2023 Outside Director, ITABA Co., Ltd. (current) Jun 2026 Director, Audit and Supervisory Committee Member (part-time), the Company (current)
1977-07-18
Mitsuhiko SAIJO
Director, Audit and Supervisory Committee Member
Apr 1999 Joined ORIX Corporation Jul 2012 Executive Director, Deputy General Manager, Business Investment Headquarters, ORIX Corporation Mar 2014 Executive Director, Assistant to Specialty Investments Group Management, Assistant to Lending Business Division Management, ORIX Corporation Jan 2015 Executive Director, General Manager, Lending Business Division, ORIX Corporation; President & Director, ORIX Loan Guarantee Co., Ltd.; President & Director, Chubu Credit Guarantee Co., Ltd.; President & Director, Hanwa Guarantee Finance Co., Ltd. Mar 2016 Executive Director, Deputy General Manager, OQL & Sales Promotion Headquarters, ORIX Corporation Jan 2017 Executive Director, Deputy General Manager, East Japan Sales Headquarters, ORIX Corporation Mar 2018 Executive Director, Deputy General Manager, Domestic Sales Management Headquarters, ORIX Corporation Jan 2019 Executive Director, Deputy General Manager, Corporate Sales Headquarters, in charge of OQL Sales, ORIX Corporation Jan 2022 Executive Officer, ORIX Debt Collection Co., Ltd. Jun 2023 Outside Director (part-time), Saxa Inc. Jun 2024 Outside Director (part-time) of the Company Oct 2025 Assistant to General Manager, RM Business Headquarters (Relationship Management Headquarters), docomo Finance Co., Ltd. (current) Jun 2026 Director, Audit and Supervisory Committee Member (part-time) of the Company (current)
1966-07-23
Large Shareholding Reports
Asset Value Investors Limited
2026-03-16
6.07%→7.37%
Asset Value Investors Limited
2026-03-05
5.03%→6.07%
Asset Value Investors Limited
2026-02-19
5.03%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-03-16
Large Shareholding Report
EDINET
2026-03-05
Large Shareholding Report
EDINET
2026-02-19
Large Shareholding Report
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-02
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-04
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-05
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINETAmended
2021-06-18
Amended Quarterly Securities Report
EDINETAmended
2021-06-18
Amended Quarterly Securities Report
EDINETAmended
2021-06-18
Amended Quarterly Securities Report
EDINET
2021-02-15
Quarterly Securities Report
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