Overview
Transportation Equipment

SERENDIP HOLDINGS Co.,Ltd.

Serendip Holdings is a Japan-based holding company specializing in M&A-driven business succession and management modernization for small and medium-sized manufacturing (monozukuri) companies. The company acquires manufacturing businesses facing succession challenges, dispatches professional managers, and executes post-merger integration (PMI) to restore and enhance enterprise value. Its group operates across three segments: Monozukuri (manufacturing subsidiaries including automotive parts and FA equipment), Professional Solutions (management consulting, pro-manager dispatch, DX tools, and collaborative robot implementation), and Investment (M&A advisory and co-investment).

Market Cap
¥19.8B
US$127M
EV
¥30.5B
US$194M
Stock¥1,092▼-2.85%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.9
x
LTM EV/EBIT
11.4
x
LTM PER
4.8
x
LTM PBR
1.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-51.6%pt
10012345
Oct 24, 25 – Oct 23, 26StockTOPIX
1Oct 24, 25Strong business succession orders
2Nov 14, 25Profit-taking and portfolio adjustment
3Dec 2, 25Institutional investor rebalancing
4Aug 10, 26Q1 FY2027/03 earnings announced
5Aug 19, 26Board approved share buyback
MC → EV Bridge
19.8BUS$127MMarket Cap23.2BUS$148M+ Debt15.5BUS$98.9M− Cash2.65BUS$16.9M− Inv. Sec.5.58BUS$35.6M+ NCI30.5BUS$194MEV
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Performance & Balance
Revenue 5Y (¥B)
13.8US$88.0M'22/315.2US$96.9M'23/319.8US$126M'24/325.1US$160M'25/351.2US$326M'26/3
EBITDA 5Y (¥B)
1.12US$7.15M'22/31.38US$8.81M'23/31.73US$11.0M'24/31.89US$12.1M'25/34.22US$26.9M'26/3
Net Income 5Y (¥B)
0.20US$1.27M'22/30.31US$1.99M'23/30.52US$3.30M'24/32.09US$13.3M'25/34.15US$26.4M'26/3
Capital Structure
37%
63%
EquityD/E 1.74xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
5.72US$36.5M6.86US$43.7M'22/34.74US$30.2M6.20US$39.5M'23/37.35US$46.9M6.96US$44.4M'24/38.92US$56.9M13.4US$85.2M'25/316.6US$106M23.0US$146M'26/3
Shareholders
Top 10 hold 64.3%
1
Zai TAKEUCHI
15.80%
2
Tokuyasu TAKAMURA
15.76%
3
Morotogroup Management Co., Ltd.
9.90%
4
Next Sequence LLC
6.60%
5
Ittoku LLC
6.60%
6
Employee Stock Ownership Association
3.74%
7
GOLDMAN SACHS INTERNATIONAL (Standing Proxy: Goldman Sachs Japan Co., Ltd.)
2.31%
8
Koichi TAKEUCHI
1.37%
9
SBI SECURITIES Co., Ltd.
1.18%
10
The Master Trust Bank of Japan, Ltd. (Trust Account)
1.06%
Management
7 officers
Zai TAKEUCHI
Representative Director, President and CEO
Dec 1994 Joined NIFTY Corporation Jul 1999 Joined Tokai Research & Consulting, Inc. (now Mitsubishi UFJ Research & Consulting Co., Ltd.) Jul 2001 Joined SAP Japan Co., Ltd. Jul 2006 Joined Oracle Corporation Japan Apr 2011 Joined Simplex Consulting Co., Ltd. (now Simplex Holdings, Inc.); appointed Executive Officer, Corporate Innovation Group Mar 2013 Appointed Audit & Supervisory Board Member of the Company Mar 2014 Appointed Representative Director, President of the Company Oct 2014 Appointed Director, Tenryu Seiki Co., Ltd. (current) Jul 2016 Appointed Outside Director, MG Holdings Co., Ltd. (current) Jun 2018 Appointed Director, Sato Kogyo Co., Ltd. Aug 2018 Appointed Director, Mitsuiya Kogyo Co., Ltd. (current) Dec 2018 Appointed Director, Suntect Co., Ltd. (now Axtria Co., Ltd.) (current) Jul 2020 Appointed Director, Serendip Financial Services Co., Ltd. (current) Jul 2020 Appointed President and Executive Officer of the Company (current) Mar 2022 Appointed Outside Director (Audit and Supervisory Committee Member), S Network Works Co., Ltd. (current) Jan 2023 Appointed Director, Apex Co., Ltd. (current) Jun 2023 Appointed Representative Director, President and CEO of the Company (current) Mar 2024 Appointed Director, Ladybird Co., Ltd. (current) Oct 2024 Appointed Director, Iwai Co., Ltd. Dec 2024 Appointed Director, Excel Co., Ltd. (current) Dec 2024 Appointed Director, Excel Holdings Co., Ltd. Dec 2024 Appointed Director, Excel Seisakusho Co., Ltd. Dec 2024 Appointed Director, Excel Engineering Co., Ltd. Dec 2024 Appointed Director, Excel Logistics Co., Ltd. Apr 2025 Appointed Director, Uniclea Co., Ltd. (current) Jun 2025 Appointed Director, Serendip Robocross Co., Ltd. (current) Jul 2025 Appointed Director, Sartech Kariya Co., Ltd. (current) Jan 2026 Appointed Director, Serendip Automotive Co., Ltd. (current) Jun 2026 Appointed Representative Director, President, Monozukuri Business Succession Holdings Co., Ltd. (current)
1970-11-19
Tokuyasu TAKAMURA
Director, CIO
Apr 1990 Joined Okasan Securities Co., Ltd. Dec 1997 Joined Tohmatsu Audit Corporation (now Deloitte Touche Tohmatsu LLC) Aug 2006 Established the Company; appointed Representative Director, President Oct 2006 Established Sync Partners Co., Ltd.; appointed Representative Director Nov 2009 Appointed Outside Audit & Supervisory Board Member, K's Corporation (current) Mar 2014 Resigned as Representative Director, President of the Company Oct 2014 Appointed Director, Tenryu Seiki Co., Ltd. Oct 2015 Appointed Director, Sato Kogyo Co., Ltd. Mar 2016 Appointed Representative Director, Chairman of the Company Feb 2017 Retired as Director, Tenryu Seiki Co., Ltd. Aug 2018 Appointed Director, Mitsuiya Kogyo Co., Ltd. Dec 2018 Appointed Director, Suntect Co., Ltd. (now Axtria Co., Ltd.) Jul 2020 Appointed Representative Director, Serendip Financial Services Co., Ltd. (current) Jul 2020 Appointed Director, M-Gyek Co., Ltd. (now Axtria Co., Ltd.) Jul 2020 Appointed Chairman and Executive Officer of the Company Jun 2022 Retired as Director, Sato Kogyo Co., Ltd. Jun 2022 Retired as Director, Serendip Technologies Co., Ltd. (now Axtria Co., Ltd.) Sep 2022 Appointed Representative Director, Japan Monozukuri Business Succession Investment Co., Ltd. (current) Jun 2023 Resigned as Representative Director, Chairman and Executive Officer of the Company Jun 2023 Appointed Executive Officer of the Company (current) Jun 2023 Appointed Director, CIO of the Company (current) Jun 2026 Appointed Director, Monozukuri Business Succession Holdings Co., Ltd. (current)
1968-02-22
Takashi KITAMURA
Director, CFO
Apr 2000 Joined Matsushita Electric Industrial Co., Ltd. (now Panasonic Corporation) Oct 2004 Joined Tohmatsu Tax Corporation Apr 2008 Joined Toyota Financial Services Corporation Feb 2009 Joined Yagami Corporation Oct 2012 Joined Toyota Media Service Co., Ltd. (now Toyota Connected Co., Ltd.) Mar 2015 Joined Deloitte Touche Tohmatsu LLC May 2018 Appointed Outside Director, Tokai Denshi Co., Ltd. Jun 2018 Joined the Company Aug 2018 Appointed Managing Executive Officer, Mitsuiya Kogyo Co., Ltd. Apr 2022 Appointed Executive Officer in charge of Human Resources and Planning of the Company May 2022 Appointed Director, Tenryu Seiki Co., Ltd. (current) Oct 2023 Appointed Executive Officer in charge of Corporate Planning Headquarters of the Company Mar 2024 Appointed Director, Ladybird Co., Ltd. Jun 2024 Appointed Director, CFO of the Company (current) Dec 2024 Appointed Director, Excel Holdings Co., Ltd. Dec 2024 Appointed Director, Excel Co., Ltd. Dec 2024 Appointed Director, Excel Seisakusho Co., Ltd. Dec 2024 Appointed Director, Excel Engineering Co., Ltd. Dec 2024 Appointed Director, Excel Logistics Co., Ltd. Jul 2025 Appointed Director, Sartech Kariya Co., Ltd. Oct 2025 Appointed Executive Officer in charge of Management Administration Headquarters of the Company (current) Jun 2026 Appointed Director, Monozukuri Business Succession Holdings Co., Ltd. (current)
1976-04-10
Kazuhiko NISHIYAMA
Director (Audit and Supervisory Committee Member)
Apr 1982 Joined Nikko Securities Co., Ltd. (now SMBC Nikko Securities Inc.) Apr 2006 General Manager, Nagoya Corporate Business Department, Nikko Securities Co., Ltd. Sep 2017 Joined Gogo Co., Ltd. as Manager, President's Office Jun 2018 Joined the Company Jun 2018 Appointed Audit & Supervisory Board Member of the Company Jun 2018 Appointed Audit & Supervisory Board Member, Sato Kogyo Co., Ltd. Jul 2018 Appointed Audit & Supervisory Board Member, Tenryu Seiki Co., Ltd. (current) Aug 2018 Appointed Audit & Supervisory Board Member, Mitsuiya Kogyo Co., Ltd. (current) Dec 2018 Appointed Audit & Supervisory Board Member, Suntect Co., Ltd. (now Axtria Co., Ltd.) (current) Mar 2020 Appointed Audit & Supervisory Board Member, Serendip Financial Services Co., Ltd. (current) Jul 2020 Appointed Audit & Supervisory Board Member, M-Gyek Co., Ltd. (now Axtria Co., Ltd.) Dec 2020 Appointed Audit & Supervisory Board Member, Apex Co., Ltd. (current) Mar 2024 Appointed Audit & Supervisory Board Member, Ladybird Co., Ltd. (current) Apr 2024 Appointed Audit & Supervisory Board Member, Serendip Robocross Co., Ltd. (current) Jun 2024 Appointed Director (Audit and Supervisory Committee Member) of the Company (current) Oct 2024 Appointed Audit & Supervisory Board Member, Iwai Co., Ltd. Oct 2024 Appointed Audit & Supervisory Board Member, Trysis Co., Ltd. Dec 2024 Appointed Audit & Supervisory Board Member, Excel Co., Ltd. (current) Dec 2024 Appointed Audit & Supervisory Board Member, Excel Holdings Co., Ltd. Dec 2024 Appointed Audit & Supervisory Board Member, Excel Seisakusho Co., Ltd. Dec 2024 Appointed Audit & Supervisory Board Member, Excel Engineering Co., Ltd. Dec 2024 Appointed Audit & Supervisory Board Member, Excel Logistics Co., Ltd. Apr 2025 Appointed Audit & Supervisory Board Member, Uniclea Co., Ltd. (current) Jul 2025 Appointed Audit & Supervisory Board Member, Sartech Kariya Co., Ltd. (current) Jan 2026 Appointed Audit & Supervisory Board Member, Serendip Automotive Co., Ltd. (current) Jun 2026 Appointed Audit & Supervisory Board Member, Monozukuri Business Succession Holdings Co., Ltd. (current)
1959-07-11
Takao MURAMATSU
Director (Audit and Supervisory Committee Member)
Apr 1979 Joined Tokyo Regional Taxation Bureau Apr 1988 Chief Investigator, Special Investigation Department, Tokyo District Public Prosecutors Office Jul 1991 Tax Investigator, Investigation and Tax Evasion Department, National Tax Agency Jul 1998 Senior Tax Investigator, Investigation and Tax Evasion Department, National Tax Agency Jul 2003 Deputy Director, Shibuya Tax Office Jul 2005 Chief Tax Investigator, Investigation Department, Tokyo Regional Taxation Bureau Jul 2009 Chief Inspector, Osaka Regional Taxation Bureau Jul 2010 Chief Inspector, National Tax Agency Jul 2012 Director-General, General Affairs Department, Nagoya Regional Taxation Bureau Jun 2013 Commissioner, Takamatsu Regional Taxation Bureau Oct 2014 Registered as Certified Tax Accountant; Head, Muramatsu Tax Accounting Office (current) Mar 2016 Outside Audit & Supervisory Board Member of the Company Jun 2016 Outside Director (Audit and Supervisory Committee Member), Globeride, Inc. (current) Apr 2023 Outside Director (Audit and Supervisory Committee Member), Vestera Co., Ltd. (current) Jun 2024 Appointed Director (Audit and Supervisory Committee Member) of the Company (current)
1953-10-01
Go YAMAGUCHI
Director (Audit and Supervisory Committee Member)
Apr 1984 Joined Nissan Motor Co., Ltd. Apr 2008 Appointed Executive Officer, Nissan Motor Co., Ltd. Apr 2014 Appointed Senior Managing Executive Officer, Nissan Motor Co., Ltd. Mar 2022 Retired as Senior Managing Executive Officer, Nissan Motor Co., Ltd. Jun 2023 Appointed Director of the Company May 2024 Appointed Outside Director (Audit and Supervisory Committee Member), Igarashi Electric Works Co., Ltd. (current) Jun 2024 Appointed Outside Director, Future Space Transportation Systems Co., Ltd. (current) Jun 2024 Appointed Director (Audit and Supervisory Committee Member) of the Company (current)
1959-01-08
Mion HASHIZUME
Director (Audit and Supervisory Committee Member)
Jan 2009 Appointed Assistant Judge, Kyoto District Court Apr 2012 Seconded to Litigation Department, Osaka Legal Affairs Bureau Apr 2014 Appointed Assistant Judge, Hamamatsu Branch, Shizuoka District Court Jul 2016 Appointed Judge, Osaka Family Court Jan 2019 Appointed Judge, Supreme Court of Japan Apr 2019 Appointed Judge, Saitama District Court Mar 2022 Registered as Attorney-at-Law; TXL Law Office (current) Jun 2024 Appointed Director (Audit and Supervisory Committee Member) of the Company (current)
1980-07-08
Large Shareholding Reports
Moroto Group Management Co., Ltd. (Representative Director: Atsuyuki NAKANO)
2026-07-14
10.64%→8.92%
Moroto Group Management Co., Ltd. (Representative Director: Atsuyuki NAKANO)
2026-07-13
—
Moroto Group Management Co., Ltd.
2026-07-13
10.64%→8.92%
Annual report (as of 2026-03-31): 9.90%
Moroto Group Management Co., Ltd. (Representative Director: Atsuyuki NAKANO)
2026-07-10
10.64%→9.49%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-31
Securities Registration Statement
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINETAmended
2026-07-14
Change Report
EDINETAmended
2026-07-13
Change Report
EDINET
2026-07-13
Large Shareholding Report
EDINET
2026-07-10
Large Shareholding Report
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-07-01
Securities Registration Statement
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnetAmended
2025-05-12
Q3 Earnings Flash
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Sep 2024
TDnet
2024-08-07
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-09
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-27
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-10
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
2021-06-28
Annual Securities Report
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