Overview
Services

Frontier Management Inc.

Frontier Management Inc. is an independent Japanese consulting and advisory firm providing management consulting, M&A advisory, and business turnaround support services across a broad range of industries including retail, logistics, F&B, IT, manufacturing, and healthcare. The firm offers tailored solutions spanning strategy formulation, mid-term business planning, hands-on management execution support, cross-border M&A advisory, and direct investment with management team deployment. As an independent firm unaffiliated with any financial institution or corporate group, it maintains a conflict-free, neutral advisory stance, and operates internationally through offices in Shanghai, Singapore, New York, and Paris, as well as membership in CFI (Corporate Finance International).

Market Cap
¥6.71B
US$42.8M
EV
¥16.9B
US$108M
Stock¥569▼-0.70%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
4.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-39.8%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 17, 25FY2025 September interim earnings announcement
2Mar 5, 26FY2025 December earnings announcement
MC → EV Bridge
6.71BUS$42.8MMarket Cap5.12BUS$32.7M+ Debt3.13BUS$20.0M− Cash0.00BUS$0.00M− Inv. Sec.8.18BUS$52.2M+ NCI16.9BUS$108MEV
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Performance & Balance
Revenue 5Y (¥B)
5.74US$36.6M'21/127.92US$50.5M'22/1210.0US$63.9M'23/129.27US$59.1M'24/1213.5US$86.0M'25/12
EBITDA 5Y (¥B)
0.54US$3.43M'21/120.96US$6.09M'22/121.32US$8.41M'23/12-0.57-US$3.61M'24/12-0.23-US$1.48M'25/12
Net Income 5Y (¥B)
0.34US$2.16M'21/120.56US$3.55M'22/120.78US$4.97M'23/12-0.69-US$4.43M'24/12-1.11-US$7.05M'25/12
Capital Structure
24%
76%
EquityD/E 3.20xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
1.84US$11.7M'21/123.20US$20.4M0.78US$4.96M'22/125.84US$37.2M1.59US$10.1M'23/127.56US$48.2M1.40US$8.91M'24/125.32US$34.0M5.40US$34.4M'25/12
Shareholders
Top 10 hold 54.1%
1
M&A Capital Partners Co.,Ltd.
19.40%
2
Shoichiro OONISHI
18.48%
3
Masaya YAJIMA
5.23%
4
The Master Trust Bank of Japan, Ltd. (Trust Account)
3.71%
5
Tomohiro MURATA
1.94%
6
ANTEMA (Standing Proxy: Mizuho Securities Co., Ltd.)
1.90%
7
Eiichiro IWASE
1.10%
8
Satoshi OTANI
0.92%
9
Akinori NISHIDA
0.73%
10
Shinji HIKO
0.69%
Management
7 officers
Shoichiro OONISHI
Representative Director, Chairman (CEO) and President and Executive Officer
Apr 1992 Joined Okuno & Partners Apr 1997 Partner Attorney, Okuno & Partners Jun 2003 Joined Industrial Revitalization Corporation of Japan Nov 2003 Managing Director, Industrial Revitalization Corporation of Japan Jan 2004 Outside Audit & Supervisory Board Member, Mitsui Mining Co., Ltd. (currently Nippon Coke & Engineering Co., Ltd.) Jun 2004 Outside Director, Kanebo, Ltd. Mar 2005 Outside Director, Daiei, Inc. Jan 2007 Counsel Attorney, Okuno & Partners (current) Jan 2007 Founded the Company; Representative Director (current) Sep 2012 Representative Director and President, Frontier Turnaround Co., Ltd. Jul 2016 Representative Director and Chairman, Frontier Turnaround Co., Ltd. Nov 2017 Representative Director, FCD Partners Co., Ltd. Jun 2020 Outside Director, TEPCO Holdings, Inc. (current) Apr 2022 Representative Director, CEO and COO, Frontier Capital Co., Ltd. (current) Mar 2024 Director, Cerebrain Co., Ltd. Apr 2024 Chairman, Dingtuo Investment Consulting (Shanghai) Co., Ltd. (current) Jan 2025 Representative Director, Chairman (CEO), the Company Jan 2025 Director, Athema (registered name: AT Consei) (current) Mar 2026 Representative Director, Chairman (CEO) and President and Executive Officer, the Company (current)
1963-09-25
Sumio NISHIZAWA
Director, Vice President
Apr 1991 Joined Yamaichi Securities Co., Ltd. Jan 1998 Joined Credit Suisse First Boston Securities, Tokyo Branch Aug 2009 Joined the Company; Senior Director Sep 2010 Executive Officer, General Manager of Business Development Department, Managing Director Jul 2014 Manager, Nagano Branch, the Company Jan 2016 Managing Executive Officer, the Company Aug 2016 Manager, Osaka Branch, the Company Apr 2022 Adviser, Frontier Capital Co., Ltd. (current) Jan 2023 Manager, Fukuoka Branch, the Company Mar 2024 Senior Managing Executive Officer, the Company Jan 2025 Vice President and Executive Officer, the Company Mar 2026 Director, Vice President, the Company (current)
1967-05-23
Masao NISHIHARA
Director
Apr 1975 Joined Ministry of Finance Jul 2004 Director-General, Inspection Bureau, Financial Services Agency Jul 2007 Director-General, Supervisory Bureau, Financial Services Agency Jul 2008 Secretary General, Securities and Exchange Surveillance Commission Aug 2009 Executive Managing Director, Private Urban Development Promotion Organization Jun 2013 Vice Chairman and Executive Managing Director, The Regional Banks Association of Japan Aug 2022 Adviser, the Company Mar 2023 Director, the Company (current) Jul 2024 Financial Specialist, City of Sapporo (current)
1951-05-18
Takeshi UMEMOTO
Director, Audit and Supervisory Committee Member
Mar 1973 Joined Ito-Yokado Co., Ltd. Nov 1992 General Manager, Securities Division, Ito-Yokado Co., Ltd. Jan 1998 General Manager, Fund & Securities Division, Ito-Yokado Co., Ltd. Jan 2004 General Manager, Business Development Department, I-Y Bank Co., Ltd. (currently Seven Bank, Ltd.) Jul 2005 General Manager, General Affairs Department, I-Y Bank Co., Ltd. May 2006 General Manager, Planning Department, I-Y Bank Co., Ltd. Oct 2007 Head, Audit & Supervisory Office, I-Y Bank Co., Ltd. Jun 2011 Senior Adviser, Audit & Supervisory Office, I-Y Bank Co., Ltd. Feb 2012 Outside Audit & Supervisory Board Member, the Company Mar 2024 Director, Audit and Supervisory Committee Member, the Company (current)
1950-06-08
Kyogo MURASE
Director, Executive Vice President and Executive Officer
Apr 1992 Joined Mitsui Engineering & Shipbuilding Co., Ltd. Nov 1997 Joined Proudfoot Japan K.K. Aug 2006 Joined Diva Inc. (currently Avant Inc.) Sep 2007 Director, Diva Inc. Jul 2010 Joined Sigmaxis Inc. Jun 2019 Joined the Company; Managing Director Jan 2023 General Manager, Corporate Strategy Department, the Company Jan 2024 Co-head, Industrial Strategy & Operations Division, the Company Mar 2024 Executive Officer, the Company Mar 2025 Co-head, Strategy & Operations Consulting Division, the Company (current) Feb 2026 Managing Executive Officer, the Company Mar 2026 Director, Executive Vice President and Executive Officer, the Company (current)
1967-05-20
Takashi IMAMURA
Director, Audit and Supervisory Committee Member
Sep 1987 Joined Aoyama Audit Corporation Jul 1991 Joined Seimei Audit Corporation Jul 1996 Representative Partner, Seimei Audit Corporation (current) Apr 1999 Auditor (part-time), Japan Dental Hygienists' Association (current) Jun 2004 Audit & Supervisory Board Member (part-time), Sweet Garden Co., Ltd. Mar 2005 Corporate Auditor (part-time), Benex Co., Ltd. Sep 2006 Corporate Auditor (part-time), Barneys Japan Co., Ltd. Jan 2012 Corporate Auditor (part-time), Aspulund Co., Ltd. Jul 2015 Corporate Auditor (part-time), Shokukai Co., Ltd. Nov 2017 Corporate Auditor (part-time), Francfranc Corporation Jun 2018 Outside Corporate Auditor (part-time), Confex Co., Ltd. Sep 2019 Corporate Auditor (part-time), T Capital Partners Co., Ltd. (current) Dec 2021 Outside Director (part-time), Chair of Nomination and Compensation Committee, Edulab Inc. May 2025 Chair, Nomination Committee, The Eiken Foundation of Japan (current) Mar 2026 Director, Audit and Supervisory Committee Member, the Company (current)
1964-02-25
Maoko KIKUCHI
Director, Audit and Supervisory Committee Member
Apr 1992 Appointed Public Prosecutor, Public Prosecutors Office, Ministry of Justice Aug 1997 Joined Paul Hastings LLP, Los Angeles Office Mar 1999 Joined Nagashima Ohno & Tsunematsu Apr 2004 Joined Secretariat, Japan Fair Trade Commission May 2006 Executive Officer and Chief Compliance Officer, Vodafone K.K. (currently SoftBank Corp.) Apr 2014 Executive Officer, Legal & Policy Planning, Microsoft Japan Co., Ltd. Jun 2016 Full-time Outside Audit & Supervisory Board Member, Mitsui-Soko Holdings Co., Ltd. Jun 2020 Outside Director, Mitsui-Soko Holdings Co., Ltd. (current) Jun 2020 Outside Audit & Supervisory Board Member, KADOKAWA Corporation Jul 2020 Outside Director, Hitachi Construction Machinery Co., Ltd. Aug 2020 Representative, Compass Law Office (current) Nov 2023 Outside Corporate Auditor, Ryohin Keikaku Co., Ltd. (current) Mar 2026 Director, Audit and Supervisory Committee Member, the Company (current)
1965-07-14
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-14
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
EDINETAmended
2026-05-19
Amended Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINETAmended
2026-05-19
Amended Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2026-05-14
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-25
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
TDnetAmended
2025-08-15
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-13
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
2024-08-13
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINETAmended
2024-05-13
Amended Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2024-03-27
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2023-08-10
Amended Securities Registration Statement
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-07-14
Securities Registration Statement
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-24
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-24
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-05-13
Quarterly Securities Report
EDINET
2021-03-25
Annual Securities Report
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