Overview
Services

Prored Partners CO.,LTD.

ProLed Partners is a comprehensive consulting firm serving large listed companies and private equity funds, offering services spanning growth strategy, digital/DX, organizational and talent strategy, M&A, marketing and sales, operations, and procurement cost management. The company operates under a distinctive performance-based fee model—particularly in indirect cost management—where remuneration is tied to measurable client outcomes such as procurement cost reductions, minimizing client risk and aligning incentives. In addition to consulting, the company runs a fund business that invests primarily in unlisted mid-sized companies, providing hands-on management support as GP while also co-investing as an LP.

Market Cap
¥3.19B
US$20.3M
EV
¥3.80B
US$24.2M
Stock¥292▼-4.26%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
1.7
x
LTM EV/EBIT
NM
LTM PER
17.4
x
LTM PBR
0.5
x
2026-08-25 closing price basis: ranked #69 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-16B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-72.1%pt
10012
Oct 23, 25 – Oct 23, 26StockTOPIX
1Jun 16, 26Q2 FY2026/10 earnings announced
2Sep 15, 26Q3 FY2026/10 earnings announced
MC → EV Bridge
3.19BUS$20.3MMarket Cap0.61BUS$3.90M+ Debt4.16BUS$26.5M− Cash0.57BUS$3.60M− Inv. Sec.4.72BUS$30.1M+ NCI3.80BUS$24.2MEV
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Performance & Balance
Revenue 5Y (¥B)
3.65US$23.2M'21/102.72US$17.3M'22/102.72US$17.3M'23/104.76US$30.3M'24/1012.3US$78.3M'25/10
EBITDA 5Y (¥B)
0.80US$5.11M'21/10-0.10-US$0.62M'22/10-0.34-US$2.18M'23/101.04US$6.60M'24/105.05US$32.1M'25/10
Net Income 5Y (¥B)
0.53US$3.39M'21/10-0.87-US$5.55M'22/100.82US$5.21M'23/100.32US$2.03M'24/100.21US$1.31M'25/10
Capital Structure
92%
EquityD/E 0.09xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
7.13US$45.4M0.31US$1.98M'21/107.93US$50.5M0.81US$5.14M'22/1010.6US$67.7M1.02US$6.52M'23/105.72US$36.5M1.00US$6.34M'24/106.47US$41.2M0.78US$4.95M'25/10
Shareholders
Top 10 hold 71.5%
1
SHINK Investment Co., Ltd.
43.91%
2
Capsule Corporation
6.59%
3
Susumu SAYA
5.64%
4
The Master Trust Bank of Japan, Ltd. (Trust Account)
4.75%
5
Tetsuya KUTOMI
3.72%
6
SBI Ventures Two Co., Ltd.
1.51%
7
Yuji NISHIMURA
1.45%
8
Mitsubishi UFJ eSmart Securities Co., Ltd.
1.34%
9
Daiwa Securities Co. Ltd.
1.30%
10
Rakuten Securities, Inc.
1.29%
Management
4 officers
Susumu SAYA
Representative Director
Apr 2002 Joined Gemini Consulting Japan Inc. Nov 2002 Transferred to Booz Allen Hamilton K.K. (now PwC Consulting LLC) Apr 2005 Joined Japan REIT Advisors Co., Ltd. Apr 2008 Founded the Company; Representative Director (current) Jan 2025 Representative Director, Bullpass Capital Co., Ltd. (current)
1976-05-13
Yukako OSHIMI
Director (Audit and Supervisory Committee Member)
Oct 2002 Registered as attorney-at-law (Daiichi Tokyo Bar Association) Oct 2002 Joined Nagashima Ohno & Tsunematsu Apr 2011 Seconded to Ricoh Company, Ltd. Sep 2014 Joined Shibata, Suzuki & Nakata Law Office; Partner (current) Jun 2015 Outside Audit & Supervisory Board Member, JP Holdings, Inc. Mar 2019 Outside Audit & Supervisory Board Member, Fuji Soft Inc. Jun 2019 Outside Audit & Supervisory Board Member, Kureha Corporation Dec 2020 Outside Audit & Supervisory Board Member, Nihon CMK Co., Ltd. Nov 2021 Supervisory Officer, Orix JREIT, Inc. Jan 2022 Outside Audit & Supervisory Board Member, the Company Jan 2024 Outside Director (Audit and Supervisory Committee Member), the Company (current) Jun 2025 Outside Audit & Supervisory Board Member, EXEO Group, Inc. (current) Jun 2025 Outside Audit & Supervisory Board Member, JEOL Ltd. (current) Jun 2025 Outside Audit & Supervisory Board Member, Innovation Network Corporation of Japan (current) Nov 2025 Executive Officer, Orix JREIT, Inc. (current)
1976-08-11
Kazumasa YANAGISAWA
Director (Audit and Supervisory Committee Member)
Apr 2007 Joined McKinsey & Company, Inc. Mar 2010 Joined Morgan Stanley Securities Co., Ltd. (now Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.) Apr 2011 Established LOGOS Partners LLC; Managing Member (current) Sep 2013 Re-joined McKinsey & Company, Inc. Jan 2019 Partner, McKinsey & Company, Inc. Jan 2022 Director, the Company Mar 2022 Director, Project Holdings, Inc. (formerly Project Company, Inc.) (current) Jan 2024 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1983-03-25
Tadahiro WAKASUGI
Director (Audit and Supervisory Committee Member)
Apr 2002 Joined Gemini Consulting Japan Inc. Nov 2002 Transferred to Booz Allen Hamilton K.K. (now PwC Consulting LLC) Jul 2010 Joined Dagosa Consulting, Ltd. Apr 2013 Joined GLOBIS Corporation Apr 2013 Director, Positive Psychology Association (current) Jul 2015 Director, GLOBIS Corporation Jul 2015 Professor, GLOBIS University (current) Dec 2017 Director, the Company Feb 2019 Director, Jinsei 100-nen Ikikata Juku General Incorporated Association (current) Jul 2020 Faculty Director, GLOBIS Corporation Jul 2023 Senior Faculty Director, GLOBIS Corporation (current) Jan 2026 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1977-10-04
Large Shareholding Reports
Capsule Corporation
2026-10-06
5.86%→4.85%
Annual report (as of 2026-04-30): 6.59%
Capsule Corporation
2026-05-01
6.42%→6.42%
Annual report (as of 2026-04-30): 6.59%
Capsule Corporation
2026-05-01
6.42%→6.42%
Annual report (as of 2026-04-30): 6.59%
Capsule Corporation
2026-03-10
6.42%→6.42%
Annual report (as of 2026-04-30): 6.59%
Capsule Corporation
2026-01-23
6.42%→6.42%
Annual report (as of 2026-04-30): 6.59%
Capsule Corporation
2025-12-23
6.57%→6.42%
Annual report (as of 2026-04-30): 6.59%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-06
Large Shareholding Report
TDnet
2026-09-14
Q3 Earnings Flash
FY ending Oct 2026
EDINET
2026-06-15
Semi-Annual Securities Report
Period: Nov 2025 – Oct 2026
EDINETAmended
2026-05-01
Change Report
EDINET
2026-05-01
Large Shareholding Report
TDnet
2026-03-17
Q1 Earnings Flash
FY ending Oct 2026
EDINET
2026-03-10
Large Shareholding Report
EDINET
2026-01-27
Annual Securities Report
Period: Nov 2024 – Oct 2025
EDINET
2026-01-23
Large Shareholding Report
EDINET
2025-12-23
Large Shareholding Report
TDnet
2025-09-16
Q3 Earnings Flash
FY ending Oct 2025
EDINET
2025-06-16
Semi-Annual Securities Report
Period: Nov 2024 – Apr 2025
TDnet
2025-03-17
Q1 Earnings Flash
FY ending Oct 2025
EDINET
2025-01-30
Annual Securities Report
Period: Nov 2023 – Oct 2024
EDINET
2024-06-14
Quarterly Securities Report
Period: Feb 2024 – Apr 2024
EDINET
2024-03-15
Quarterly Securities Report
Period: Nov 2023 – Jan 2024
EDINETAmended
2024-02-07
Amended Annual Securities Report
Period: Nov 2021 – Oct 2022
EDINETAmended
2024-02-07
Amended Annual Securities Report
Period: Nov 2020 – Oct 2021
EDINET
2024-01-31
Annual Securities Report
Period: Nov 2022 – Oct 2023
EDINET
2023-09-14
Quarterly Securities Report
Period: May 2023 – Jul 2023
EDINETAmended
2023-06-22
Amended Quarterly Securities Report
Period: Feb 2023 – Apr 2023
EDINET
2023-06-14
Quarterly Securities Report
Period: Feb 2023 – Apr 2023
EDINET
2023-03-17
Quarterly Securities Report
Period: Nov 2022 – Jan 2023
EDINETAmended
2023-01-31
Amended Annual Securities Report
Period: Nov 2021 – Oct 2022
EDINET
2023-01-26
Annual Securities Report
Period: Nov 2021 – Oct 2022
EDINET
2022-09-14
Quarterly Securities Report
EDINET
2022-06-14
Quarterly Securities Report
EDINET
2022-03-17
Quarterly Securities Report
EDINETAmended
2022-03-17
Amended Annual Securities Report
EDINET
2022-01-25
Annual Securities Report
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