Overview
Services

WILLTEC Co.,Ltd.

Willtec is a diversified manufacturing and technical staffing services group operating across four core segments: Manufacturing Support (manufacturing outsourcing, dispatch, and repair services), Construction Support (construction engineer dispatch and electrical contracting), IT Support (system development and IT engineer dispatch), and EMS (electronics manufacturing services, electronic components distribution, and lighting equipment manufacturing/sales under the HotaluX brand). The company serves manufacturers, construction firms, and IT enterprises primarily in Japan, with additional overseas operations including foreign engineer recruitment. Its competitive strengths lie in end-to-end 'monozukuri' (manufacturing) support capabilities spanning design, production, after-sales service, and international talent sourcing.

Market Cap
¥8.54B
US$54.4M
EV
¥4.71B
US$30.0M
Stock¥1,348▼-1.03%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.4
x
LTM EV/EBIT
2.8
x
LTM PER
7.7
x
LTM PBR
1.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-17.4%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
8.54BUS$54.4MMarket Cap1.94BUS$12.3M+ Debt5.71BUS$36.4M− Cash0.05BUS$0.31M− Inv. Sec.4.71BUS$30.0MEV
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Performance & Balance
Revenue 5Y (¥B)
30.0US$191M'22/333.2US$212M'23/335.7US$228M'24/344.6US$284M'25/345.9US$293M'26/3
EBITDA 5Y (¥B)
0.49US$3.09M'22/31.11US$7.05M'23/30.47US$2.98M'24/31.26US$8.02M'25/31.61US$10.2M'26/3
Net Income 5Y (¥B)
0.29US$1.86M'22/30.66US$4.18M'23/30.67US$4.25M'24/30.71US$4.53M'25/30.90US$5.72M'26/3
Capital Structure
82%
18%
EquityD/E 0.22xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
3.76US$24.0M0.63US$4.02M'22/34.37US$27.9M0.51US$3.25M'23/34.70US$30.0M0.83US$5.28M'24/34.97US$31.7M1.11US$7.05M'25/34.95US$31.6M1.12US$7.13M'26/3
Shareholders
Top 10 hold 72.1%
1
Shuji OGURA
41.06%
2
RAS Asset Co., Ltd.
13.58%
3
Chikara MIYAGI
6.94%
4
WILLTEC Co.,Ltd. Employee Stock Ownership Association
3.13%
5
THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED - HONGKONG PRIVATE BANKING DIVISION CLIENT A/C 802839484 (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd., Operations Headquarters General Manager Andrew HERSHAN)
2.54%
6
Yasuo NOJI
1.49%
7
Tsuyoshi WATANABE
1.11%
8
Takahiro NISHI
1.04%
9
Kazuto HIGASHI
0.79%
10
Toshihiko MORI
0.45%
Management
11 officers
Shuji OGURA
Director, Chairman and Executive Officer
Apr 1986 Joined Asahi Photo News Development Center Co., Ltd. Dec 1986 Joined Osaka Sogo Service Co., Ltd. Dec 1990 Director, Daitec Co., Ltd. Apr 1991 Joined IPN Center Co., Ltd. Apr 1992 Established the Company; Representative Director, President Dec 1994 Director, Asahi Photo News Development Co., Ltd. Oct 2001 Director, Japan Create Co., Ltd. Nov 2003 Director, Human Assist Co., Ltd. Oct 2004 Representative Director, Chairman of the Company Jan 2005 Director, Wiltech (Shanghai) Business Consulting Co., Ltd. Mar 2005 Director, FOS Co., Ltd. (now the Company) May 2005 Representative Director, Electronic and Mechanical Parts Manufacturing Cooperative Jul 2005 Director, Wiltech Kyushu Co., Ltd. (now the Company) Jan 2006 Representative Director, President, Human Assist Co., Ltd. (current) Jun 2007 Director, Chairman of the Company Jun 2008 Director of the Company Jul 2008 Director, Electronic and Mechanical Parts Manufacturing Cooperative Jun 2012 Representative Director, Chairman of the Company Mar 2018 Representative Director, President, RAS Asset Co., Ltd. (current) Jun 2019 Director, Chairman of the Company Jun 2022 Director, Chairman and Executive Officer of the Company (current)
1962-10-21
Chikara MIYAGI
Representative Director, President and Executive Officer
Jan 1999 Part-time employee, IPN Co., Ltd. (now the Company) Jan 2000 Full-time employee, IPN Co., Ltd. (now the Company) Oct 2008 Senior Manager, Manufacturing Technology Section, Manufacturing Technology Department, the Company Jan 2013 General Manager, Business Development Department, the Company Jun 2013 Director of the Company Jun 2014 Director, Housing Equipment Warranty Co., Ltd. Jun 2016 Managing Director of the Company Oct 2016 Representative Director, President of the Company Jun 2022 Representative Director, President and Executive Officer of the Company (current)
1977-09-17
Yasuo NOJI
Director, Managing Executive Officer
Apr 1990 Joined Yamatake Corporation Apr 1991 Joined Fukuya Co., Ltd. Jul 1993 Joined Ozaki Setsubi Ltd. Jun 1997 Joined Actis Co., Ltd. Jun 2006 Joined Wiltech Kyushu Co., Ltd. (now the Company) Jun 2010 Plant Manager, Oita Plant, Wiltech Kyushu Co., Ltd. Jun 2013 Director of the Company Jun 2016 Managing Director of the Company Oct 2016 General Manager, Manufacturing Business Headquarters, the Company Apr 2018 General Manager, Manufacturing Business Headquarters, and Hokuriku Division Head, Manufacturing Business Headquarters, the Company Jun 2022 Director, Managing Executive Officer of the Company (current)
1972-03-14
Takahiro NISHI
Director, Senior Executive Officer, General Manager of Customer Service Business Headquarters
Apr 1994 Joined Namita Sekiyu Co., Ltd. Nov 1998 Joined Daitec Co., Ltd. Nov 2002 Joined the Company Aug 2012 General Manager, Business Promotion Department, the Company Jun 2013 Director of the Company Oct 2016 General Manager, Business Development Department, the Company Apr 2018 General Manager, Customer Service Business Headquarters, and Division Head, Customer Service Business Division, Customer Service Business Headquarters, the Company (current) Jun 2022 Director, Senior Executive Officer of the Company (current)
1971-02-09
Tsuyoshi WATANABE
Director, Senior Executive Officer, General Manager of Administration Headquarters
Apr 1991 Joined Five Fox Co., Ltd. Oct 1994 Joined Pazzo Co., Ltd. Feb 1997 Joined Koutsu Co., Ltd. Oct 1998 Transferred to OBM Co., Ltd. Mar 2002 Joined Eiwa Kousan Co., Ltd. Apr 2003 Joined Watt Consulting Co., Ltd. Feb 2012 General Manager, Administration Department, the Company Jun 2013 Director of the Company Jun 2014 Director, Housing Equipment Warranty Co., Ltd. Apr 2018 General Manager, Administration Headquarters, the Company (current) Jun 2022 Director, Senior Executive Officer of the Company (current)
1973-02-12
Hideaki ISHII
Director, Senior Executive Officer, General Manager of Manufacturing Business Headquarters
Apr 1996 Joined American Life Insurance Company, Japan Branch Apr 1998 Joined Reliance Co., Ltd. Jul 2005 Absorbed by Collaborate Co., Ltd. Nov 2007 Renamed Premier Line Co., Ltd. Jan 2009 Director, Premier Line Co., Ltd. Mar 2009 Director, TTM Co., Ltd. Sep 2011 Representative Director, President, TTM Co., Ltd. Sep 2011 Director, Trust Tech Co., Ltd. Jul 2015 Joined the Company Oct 2015 Director of the Company Apr 2018 General Manager, Engineering Business Headquarters, the Company Jun 2022 Director, Senior Executive Officer of the Company (current) Apr 2024 General Manager, Manufacturing Business Headquarters, the Company (current)
1972-12-02
Tatsuo MIZUTANI
Director, Senior Executive Officer
Apr 1986 Joined Morita Koumuten Co., Ltd. Aug 1990 Self-employed Oct 1998 Joined Alpha Architectural Design Office Co., Ltd. Sep 2000 Joined Nice Corporation Co., Ltd. Aug 2004 Joined Watt Consulting Co., Ltd. Jun 2012 Director, Watt Consulting Co., Ltd. Jun 2018 Representative Director, President, Watt Consulting Co., Ltd. (current) Jun 2022 Director, Senior Executive Officer of the Company (current)
1965-12-22
Daisuke SHIOZUKA
Director
Aug 2006 Joined the Company Oct 2016 General Manager, Manufacturing Technology Department, the Company Apr 2024 General Manager, Engineering Business Headquarters, the Company (current) Jun 2025 Director, Watt Consulting Co., Ltd. Jun 2026 Director, Southern Plan Co., Ltd. (current)
Yuji ASADA
Director (Audit and Supervisory Committee Member)
Oct 1997 Joined Audit Corporation Tohmatsu (now Tohmatsu LLC) Apr 2000 Transferred to Tohmatsu Tax Corporation (now Deloitte Tohmatsu Tax Co.) Apr 2000 Registered as Certified Public Accountant May 2004 Joined Edion Corporation; General Manager, Accounting Department Jun 2008 Director, Edion Corporation Jun 2012 Managing Director, Edion Corporation Apr 2014 Established Brain Assist Co., Ltd.; Representative Director, President (current) Apr 2014 Audit & Supervisory Board Member, Serio Co., Ltd. Jun 2014 Audit & Supervisory Board Member of the Company Jun 2017 Director (Audit and Supervisory Committee Member), SERIO Holdings Co., Ltd. Jun 2018 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Jun 2022 Outside Director, i-plug Co., Ltd. (current) Aug 2024 Outside Director, Like Co., Ltd. (current)
1972-06-15
Daisuke MIMIYA
Director (Audit and Supervisory Committee Member)
Apr 1997 Entered Legal Training and Research Institute Mar 1999 Completed Legal Training and Research Institute (51st class) Apr 1999 Assistant Judge, Osaka District Court Apr 2001 Assistant Judge, Tsu District and Family Court Nov 2003 Joined Midosuji Law Office Jan 2008 Partner, Midosuji Law Office (current) Jun 2018 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Dec 2020 Outside Audit & Supervisory Board Member, Natsume Atari Co., Ltd.
1974-09-30
Noriyoshi HANAKI
Director (Audit and Supervisory Committee Member)
Apr 2001 General Manager, Planning Division, Recruit Staffing Co., Ltd. Apr 2011 General Manager, Compliance Department, Recruit Staffing Co., Ltd. Feb 2015 General Manager, Market Development Promotion Office, Meitec Corporation Apr 2017 Executive Officer, Meitec Corporation Oct 2019 Joined the Company Apr 2020 General Manager, Business Development Department, Engineering Business Headquarters, the Company Dec 2020 Representative Director, Partner Co., Ltd. Jun 2026 Audit & Supervisory Board Member, Watt Consulting Co., Ltd. (current) Jun 2026 Audit & Supervisory Board Member, Device Sales Techno Co., Ltd. (current) Jun 2026 Audit & Supervisory Board Member, Wilhearts Co., Ltd. (current) Jun 2026 Audit & Supervisory Board Member, Southern Plan Co., Ltd. (current) Jun 2026 Audit & Supervisory Board Member, Partner Co., Ltd. (current) Jun 2026 Audit & Supervisory Board Member, Hotalux Co., Ltd. (current)
Large Shareholding Reports
RAS Asset Co., Ltd.
2026-10-09
13.28%→13.27%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 13.58%
Shuji OGURA
2026-10-07
40.24%→39.06%
Annual report (as of 2026-03-31): 41.06%
Shuji OGURA
2026-05-08
43.95%→42.31%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 41.06%
Shuji OGURA
2026-03-11
42.31%→40.24%
Annual report (as of 2026-03-31): 41.06%
Shuji OGURA
2026-03-03
42.31%→40.25%
Annual report (as of 2026-03-31): 41.06%
Shuji OGURA
2025-12-18
43.95%→42.31%
Annual report (as of 2026-03-31): 41.06%
Shuji OGURA
2025-11-20
43.95%→42.31%
Annual report (as of 2026-03-31): 41.06%
Shuji OGURA
2025-10-15
43.95%→42.31%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 41.06%
Shuji OGURA
2025-09-19
43.95%→42.31%
Annual report (as of 2026-03-31): 41.06%
Disclosures
No disclosures
Primary Source Filings
EDINETAmended
2026-10-09
Change Report
EDINET
2026-10-07
Large Shareholding Report
TDnet
2026-08-12
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-06-03
株主総会招集通知
EDINETAmended
2026-05-08
Change Report
EDINETAmended
2026-03-11
Change Report
EDINET
2026-03-03
Large Shareholding Report
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-12-18
Change Report
EDINETAmended
2025-11-20
Change Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2025-10-15
Change Report
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-12
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
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
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
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
2022-08-10
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
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