Overview
Services

NexTone Inc.

NexTone is a comprehensive music rights management and distribution company registered with the Agency for Cultural Affairs as a copyright management business operator. The company provides music copyright management services (licensing, royalty collection and distribution across performance, reproduction, broadcast, and interactive distribution rights), digital content distribution (DD) services supplying music content to domestic and international streaming platforms, and music distribution services for both individual consumers and corporate clients (stores, karaoke venues, wedding halls). Operating as one of Japan's leading independent digital distributors since 2003, NexTone serves record labels, music production companies, publishers, and anime/game content holders, differentiating itself through proprietary rights management systems, YouTube content management services, and integrated copyright and distribution capabilities.

Market Cap
¥17.5B
US$111M
EV
¥6.11B
US$39.0M
Stock¥1,788▼-1.16%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.6
x
LTM EV/EBIT
3.3
x
LTM PER
19.1
x
LTM PBR
3.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-34.8%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Oct 27, 25Rise due to strong interim results
2Nov 11, 25Profit-taking pressure
3Aug 7, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
17.5BUS$111MMarket Cap0.00BUS$0.00M+ Debt12.4BUS$79.0M− Cash0.00BUS$0.00M− Inv. Sec.1.03BUS$6.55M+ NCI6.11BUS$39.0MEV
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Performance & Balance
Revenue 5Y (¥B)
7.49US$47.8M'22/38.81US$56.2M'23/313.4US$85.7M'24/319.4US$124M'25/320.8US$132M'26/3
EBITDA 5Y (¥B)
0.83US$5.29M'22/30.98US$6.23M'23/31.08US$6.87M'24/31.65US$10.5M'25/31.95US$12.4M'26/3
Net Income 5Y (¥B)
0.48US$3.07M'22/30.63US$4.02M'23/30.53US$3.39M'24/30.69US$4.41M'25/30.79US$5.04M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
5.19US$33.1M'22/36.04US$38.5M'23/38.05US$51.3M'24/39.63US$61.4M'25/311.1US$70.6M'26/3
Shareholders
Top 10 hold 33.9%
1
AMUSE INC.
7.37%
2
JRC Holdings Co., Ltd.
4.28%
3
Sony Music Entertainment (Japan) Inc.
4.05%
4
Faith,Inc.
4.05%
5
Avex Music Publishing Inc.
3.80%
6
Hakuhodo Inc.
3.07%
7
Nomura Trust and Banking Co., Ltd. (Investment Trust Account)
2.54%
8
Marukido Co., Ltd.
2.01%
9
The Master Trust Bank of Japan, Ltd. (Trust Account)
1.51%
10
Mitsuhiko MINAMIZUMI
1.18%
Management
11 officers
Masahiro ANAN
Representative Director, CEO; Compliance Officer; Chairman, Compliance Committee
Apr 1986 Joined CBS Sony Group Inc. (now Sony Music Entertainment (Japan) Inc.) Feb 2002 General Manager, Contract Department, Contract Group, Sony Music Entertainment (Japan) Inc. Jun 2004 General Manager, Corporate Staff Group, and General Manager, Contract Department, Contract Group, Sony Music Entertainment (Japan) Inc. Apr 2005 Representative Director, Music Rain Inc.; General Manager, Corporate Staff Group, and General Manager, Contract Department, Contract Group, Sony Music Entertainment (Japan) Inc. Jun 2006 Director, Music On TV Inc. (now Sony Music Solutions Inc.) Sep 2007 Executive Officer, Avex Group Holdings Inc. (now Avex Inc.) Jun 2014 Representative Director, President, Avex Music Publishing Inc. Mar 2015 Director, e-Licence Inc. (now the Company) Oct 2015 Representative Director, President, the Company Feb 2016 Representative Director, CEO, the Company (current) Jan 2018 Compliance Officer, the Company (current) Jun 2021 Member, Remuneration Committee, the Company (until Nov 2022) Jun 2025 Chairman, Compliance Committee, the Company (current)
1962-09-01
Yuji ARAKAWA
Representative Director, COO; in charge of Sales Division
Jun 1992 Joined Dentsu Cortech Inc. (now Dentsu Promax Inc.) Apr 1995 Director, Promax Inc. Dec 2000 Representative Director, Japan Rights Clearance Inc. Aug 2003 Representative Director, JRC Holdings Inc. Oct 2010 Representative Director, JRC Accounting Inc. Feb 2016 Representative Director, COO, the Company (current) Jun 2017 Director, NexTone Systems Inc. (current) Apr 2020 in charge of Copyright Management Division (now Copyright Business Division), the Company Jan 2025 Outside Director, Cab Inc. (current) Jun 2025 in charge of Sales Division, the Company (current)
1965-04-14
Fumihiro WATANABE
Managing Director; in charge of Corporate Services Division and Business Management Division; Member, Nomination and Remuneration Committee
Apr 1984 Joined Toho Life Insurance Co., Ltd. Apr 2000 Joined Kenkyusha Pharmaceutical Co., Ltd. Apr 2007 General Manager, Accounting Department, Kenkyusha Pharmaceutical Co., Ltd. Apr 2013 General Manager, General Affairs Department, Kenkyusha Pharmaceutical Co., Ltd. Jul 2013 Executive Officer, General Manager, General Affairs Department, Kenkyusha Pharmaceutical Co., Ltd. Jun 2016 Director, Kenkyusha Pharmaceutical Co., Ltd. Jun 2021 Director, Kenkyusha Pharmaceutical Co., Ltd. (resigned) Jun 2022 Director, in charge of Corporate Services Division and Business Management Division, the Company Nov 2022 Member, Remuneration Committee, the Company Jun 2025 Director, Recochoku Inc. (current); Managing Director, in charge of Corporate Services Division and Business Management Division, the Company (current) Mar 2026 Member, Nomination and Remuneration Committee, the Company (current)
1960-05-14
Daisuke ADACHI
Director; in charge of Copyright Business Division
Apr 1997 Joined Asahi Bank (now Resona Bank, Ltd.) Oct 2005 Joined Japan Rights Clearance Inc. (now the Company) Apr 2007 Executive Officer, Japan Rights Clearance Inc. Feb 2016 Executive Officer, General Manager, Copyright Management Department, JRC Business Division, the Company Apr 2017 Executive Officer, General Manager, Sales Department, Sales Division, the Company Jun 2017 Director, MCJP Inc. Apr 2020 Executive Officer, General Manager, Sales Division, the Company Apr 2022 Executive Officer, General Manager, Copyright Management Division (now Copyright Business Division), the Company Sep 2023 Director, Recochoku Inc. Jun 2024 Auditor, Japan Music Publishers Association (current) Jun 2025 Representative Director, MCJP Inc. (current); Director, in charge of Copyright Business Division, the Company (current)
1974-12-02
Yuko ABE
Director; Chairperson, Nomination and Remuneration Committee
Apr 1985 Joined the Secretariat of the House of Representatives Aug 2002 Seconded to the Ministry of Health, Labour and Welfare, Survey Officer, Part-time and Home-based Work Division, Equal Employment, Children and Families Bureau Sep 2004 Returned from secondment to the Secretariat of the House of Representatives, Planning Office, Personnel Division, General Affairs Department Sep 2005 Director, Personnel Division, General Affairs Department Jan 2008 Director, House Management Division, Committee Department Jul 2008 Deputy Director-General, Committee Department Aug 2009 Deputy Director-General, Secretariat of the Commission on the Constitution Jul 2010 Director-General, Records Department Oct 2012 Director-General, Proceedings Department Jul 2013 Director-General, Secretariat of the Commission on the Constitution Jan 2016 Director-General, Committee Department Jul 2016 Deputy Secretary-General Jan 2019 Director-General, Research Bureau Feb 2020 Retired from the Secretariat of the House of Representatives Jun 2021 Outside Director, the Company (current); Member, Remuneration Committee, the Company Sep 2021 Chairperson, Remuneration Committee, the Company Mar 2026 Chairperson, Nomination and Remuneration Committee, the Company (current)
1961-09-02
Junki KOSAKA
Director; Member, Compliance Committee; Member, Nomination and Remuneration Committee
Nov 2007 Joined the Legal Training and Research Institute of the Supreme Court of Japan Dec 2008 Registered with the Tokyo Bar Association Jan 2009 Joined TMI Associates Jul 2012 Copyright Researcher, Copyright Division, Agency for Cultural Affairs Jan 2015 Returned to TMI Associates Aug 2016 Visiting Researcher, Max Planck Institute for Innovation and Competition, Munich (until Mar 2018) Oct 2017 Joined Arqis Law Firm, Munich Jan 2018 Joined Taylor Wessing Law Firm, Munich Feb 2018 Joined LaLiga, Madrid Feb 2018 Joined Boemer Boemer Law Firm, Munich Mar 2018 Joined Altana Law Firm, Paris Apr 2018 Internship, Kodansha USA, Inc., New York Jul 2018 Returned to TMI Associates Jan 2020 Partner, TMI Associates (current) Apr 2022 Visiting Lecturer (Intellectual Property Strategy), Chuo University Business School (current) Jun 2022 Outside Director, the Company (current); Member, Compliance Committee, the Company (current) Jun 2023 Member, Remuneration Committee, the Company Jun 2023 Director, Japan Badminton Association (current) Mar 2026 Member, Nomination and Remuneration Committee, the Company (current)
1981-09-30
Atsuko OGI
Director; Member, Compliance Committee
Apr 1993 Joined Sony Music Entertainment (Japan) Inc. Apr 2010 Director, Roots Music Publishing Inc. Aug 2012 Director, Arabesque Inc. (now Production Ogi Inc.); Director, Production Ogi Inc. Jun 2015 Director, Japan Music Business Association (current) May 2019 Representative Director, Login Inc. (current) Oct 2023 Vice President and Director, KJ MANA Entertainment Inc. (current) Jun 2025 Outside Director, the Company (current); Member, Compliance Committee, the Company (current) Mar 2026 Representative Director, Production Ogi Inc. (current); Representative Director, Roots Music Publishing Inc. (current)
1971-01-22
Yu TAMURA
Director
Jun 2004 Representative Director, President, Incstudent Inc. (current) Nov 2006 Representative Director, Ixy Music Inc. Apr 2012 Director, Japan Dance Music Federation (NPO) (current) Oct 2018 Representative Director, Kunnel Inc. (current) Jun 2019 Director, Japan Music Producers Federation Jun 2021 Director, Independent Music Coalition Japan (current) Sep 2021 Director, Japan Net Creators Association (current) Jun 2023 Managing Director, Japan Music Producers Federation (current) Jan 2025 Director, Ixy Music Inc. (current) Jun 2025 Outside Director, the Company (current)
1980-03-28
Kazutoshi WATANABE
Full-time Audit & Supervisory Board Member; Vice Chairperson, Compliance Committee
Apr 1991 Joined Kangaku Securities Co., Ltd. (now Mizuho Securities Co., Ltd.) Mar 1995 Joined Tokyo Accounting and Law College (now Rissha Group) Apr 1996 Joined Commy Inc. (now TBC Group Inc.) Mar 2000 Joined Honda Development Co., Ltd. Mar 2005 Joined Avex Group Holdings Inc. (now Avex Inc.) Jun 2009 Part-time Audit & Supervisory Board Member, Memorytech Corporation (now Memorytech Holdings Corporation) Jul 2011 General Manager, Accounting Department, Business Information Management Division, Avex Group Holdings Inc. Jul 2015 Chief General Manager, Accounting Department, Business Information Management Division, Avex Group Holdings Inc. Jul 2018 General Manager, Business Management Group, Avex Pictures Inc.; General Manager, Business Management Group, Avex Digital Inc. (now Avex Fan Marketing Inc.) Jun 2019 Audit & Supervisory Board Member, Memorytech Holdings Corporation (part-time from Jun 2023) (current); Audit & Supervisory Board Member, Memorytech Corporation (part-time) (current) Jun 2023 Audit & Supervisory Board Member, MCJP Inc. (current); Audit & Supervisory Board Member, NexTone Systems Inc. (current); Full-time Audit & Supervisory Board Member, the Company (current); Vice Chairperson, Compliance Committee, the Company (current) Oct 2023 Part-time Audit & Supervisory Board Member, Recochoku Inc. (current)
1970-02-21
Nobuyuki KOBAYASHI
Audit & Supervisory Board Member; Member, Compliance Committee
Apr 1979 Joined Pioneer Corporation Oct 1998 Joined Avex Distribution Inc. (now Avex Entertainment Inc.) Jul 1999 Director, Avex Distribution Inc. Apr 2004 Managing Director, Avex Distribution Inc. Apr 2007 Director, Avex Marketing Inc. (now Avex Entertainment Inc.) May 2010 Executive Officer, General Manager, Second Sales Promotion Division, Avex Marketing Inc. Jul 2011 Executive Officer, General Manager, Administration Division, Avex Marketing Inc. Jun 2013 Full-time Audit & Supervisory Board Member, Avex Group Holdings Inc. (now Avex Inc.) Mar 2015 Audit & Supervisory Board Member, Animetimes Co., Ltd. (current) Feb 2016 Outside Audit & Supervisory Board Member, the Company (current) Jan 2018 Member, Compliance Committee, the Company (current) Jun 2020 Director, Full-time Audit and Supervisory Committee Member, Avex Inc. (current)
1956-09-04
Toshifumi OSHIMA
Audit & Supervisory Board Member
Oct 1992 Joined Ernst & Young ShinNihon LLC (formerly Ota Showa & Co.) Apr 1997 Registered as Certified Public Accountant May 2008 Left Ernst & Young ShinNihon LLC (formerly Shin Nihon & Co.) Jun 2008 Opened Oshima Certified Public Accountant Office (current) Jun 2008 Outside Audit & Supervisory Board Member, Amuse Inc. Jun 2014 Outside Audit & Supervisory Board Member, Amuse Inc. (resigned) Jul 2014 Executive Producer, General Affairs Division (now Accounting and Finance Division), Amuse Inc. Apr 2016 Executive Officer, General Affairs Division and Group Finance Division (now Accounting and Finance Division), Amuse Inc. Jun 2018 Outside Audit & Supervisory Board Member, the Company (current) Jun 2021 Member, Remuneration Committee, the Company (until Jun 2023) Apr 2022 Senior Executive Officer, in charge of Administration and Finance Divisions (now Accounting and Finance Division), Amuse Inc. Jul 2023 Director, Senior Executive Officer, Amuse Inc. Oct 2024 Director, Amuse Inc. Jun 2025 Managing Director, Amuse Inc. (current)
1967-04-08
Large Shareholding Reports
Nomura Asset Management Co., Ltd.
2026-06-05
4.03%
Face Co., Ltd.
2025-09-05
5.47%→4.34%
Annual report (as of 2026-03-31): 4.05%
Face Co., Ltd.
2025-08-27
6.57%→5.47%
Annual report (as of 2026-03-31): 4.05%
Face Co., Ltd.
2025-08-20
7.79%→6.57%
Annual report (as of 2026-03-31): 4.05%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-05
Large Shareholding Report
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-05
Large Shareholding Report
EDINET
2025-08-27
Large Shareholding Report
EDINET
2025-08-20
Large Shareholding Report
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-07-03
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINET
2025-06-26
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
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
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
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
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
2021-11-12
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-24
Annual Securities Report
EDINETAmended
2021-03-01
Amended Quarterly Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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