Overview
Services

TWOSTONE&Sons Inc.

TWOSTONE&Sons operates at the intersection of technology and human resources, providing an integrated platform spanning IT engineer matching (including freelance and full-time placement via Midworks and related brands), programming education (tech boost), digital marketing consulting, and M&A/strategy advisory services. Its Engineer Platform Service addresses Japan's IT talent shortage by connecting freelance and employed engineers with enterprise clients through flexible engagement models, while its Marketing Platform Service delivers digital marketing solutions and ASP tools to corporate clients. The group has expanded through active M&A, building a diversified portfolio of 13 consolidated subsidiaries as of November 2025.

Market Cap
¥20.6B
US$131M
EV
¥19.5B
US$125M
Stock¥460▼-11.03%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
15.0
x
LTM EV/EBIT
24.0
x
LTM PER
47.9
x
LTM PBR
5.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-58.7%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jul 16, 26Q3 FY2026/08 earnings announced
2Oct 16, 26FY2026 full-year earnings: Sales and gross profit renew all-time highs since founding
3Oct 19, 26FY26/8 results: ordinary profit +5.0%; FY27/8 guidance +75.0% ordinary profit
MC → EV Bridge
20.6BUS$131MMarket Cap3.52BUS$22.4M+ Debt4.57BUS$29.2M− Cash0.04BUS$0.23M− Inv. Sec.0.09BUS$0.56M+ NCI19.5BUS$125MEV
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Performance & Balance
Revenue 5Y (¥B)
6.87US$43.8M'22/810.1US$64.1M'23/814.3US$91.1M'24/818.1US$115M'25/821.8US$139M'26/8
EBITDA 5Y (¥B)
0.22US$1.40M'22/80.35US$2.25M'23/80.52US$3.29M'24/80.86US$5.48M'25/80.88US$5.62M'26/8
Net Income 5Y (¥B)
0.13US$0.85M'22/80.17US$1.08M'23/80.19US$1.20M'24/80.49US$3.15M'25/80.43US$2.74M'26/8
Capital Structure
52%
48%
EquityD/E 0.92xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
0.95US$6.07M0.82US$5.23M'22/81.33US$8.49M1.81US$11.6M'23/83.72US$23.7M1.97US$12.6M'24/84.60US$29.3M3.64US$23.2M'25/84.61US$29.4M3.52US$22.4M'26/8
Shareholders
Top 10 hold 79.5%
1
Yasushi KAWABATA
28.58%
2
Katsuya TAKAHARA
28.18%
3
Custody Bank of Japan, Ltd. (Trust Account)
7.23%
4
Masashi KURATA
6.56%
5
Mynavi Corporation
3.51%
6
Mayumi UEDA
2.74%
7
Hajime HASEGAWA
0.93%
8
Rakuten Securities, Inc.
0.93%
9
JSH Holdings LLC
0.43%
10
JP JPMSE LUX RE UBS AG LONDON BRANCH EQ CO (Standing Proxy: MUFG Bank, Ltd.)
0.42%
Management
8 officers
Yasushi KAWABATA
Representative Director, CEO
Oct 2013 Established the Company; Representative Director, CEO (current) Jan 2021 Director, Monkey Inc. (currently 2Hundred Inc.) (current) Feb 2022 Director, TSR Solutions Co., Ltd. Mar 2023 Director, M&A Succession Organization, Inc. (current) Jun 2023 Representative Director, CEO, Branding Engineer Inc. Jun 2023 Representative Director, CEO, Digital Arrow Partners Inc. Jun 2023 Representative Director, CEO, Yellowstone Consulting Inc. (currently enableX Inc.) Jun 2023 Representative Director, CEO, DeProp Inc. Jun 2023 Director, Jinearth Inc. (current) Jun 2023 Director, UPTORY Inc. Jun 2023 Director, TSR Inc. (current) Sep 2023 Director, Growth One Inc. (current) Sep 2023 Director, Branding Career Inc. (current) Nov 2023 Director, Digital Arrow Partners Inc. (current) Feb 2024 Director, MapleSystems Inc. (current) Jul 2024 Representative Director, Yellowstone Consulting Inc. (currently enableX Inc.) Oct 2024 Director, Carecon Inc. (current) Apr 2025 Director, SAICOOL Inc. Jun 2025 Director, enableX Inc. (current) Sep 2025 Director, Branding Engineer Inc. (current)
1989-07-25
Katsuya TAKAHARA
Representative Director, COO
Oct 2013 Established the Company; Representative Director, COO (current) Jan 2021 Director, Monkey Inc. (currently 2Hundred Inc.) (current) Feb 2022 Director, TSR Solutions Co., Ltd. Sep 2022 Representative Director, COO, Brandingu Engineer Inc. (currently Branding Engineer Inc.) Sep 2022 Director, Yellowstone Consulting Inc. (currently enableX Inc.) Sep 2022 Representative Director, DeProp Inc. (COO) Feb 2023 Representative Director, COO, Yellowstone Consulting Inc. (currently enableX Inc.) Mar 2023 Director, M&A Succession Organization, Inc. (current) Apr 2023 Director, Jinearth Inc. (current) Apr 2023 Director, UPTORY Inc. Apr 2023 Representative Director, UPTORY Inc. Jun 2023 Representative Director, COO, Digital Arrow Partners Inc. Jun 2023 Director, TSR Inc. (current) Sep 2023 Director, Growth One Inc. (current) Sep 2023 Director, Branding Career Inc. (current) Nov 2023 Director, Digital Arrow Partners Inc. (current) Feb 2024 Director, MapleSystems Inc. (current) Jul 2024 Representative Director, Yellowstone Consulting Inc. (currently enableX Inc.) Oct 2024 Director, Carecon Inc. (current) Apr 2025 Director, SAICOOL Inc. Jun 2025 Director, enableX Inc. (current) Sep 2025 Director, Branding Engineer Inc. (current)
1991-07-15
Makoto KATO
Director, CFO and General Manager, Management Strategy Headquarters
Apr 2007 Joined YE Data Co., Ltd. (currently Yaskawa Control Co., Ltd.) Sep 2010 Transferred to Yaskawa Electric Corporation Jan 2011 Joined Frente Co., Ltd. (currently Koikeya, Inc.) May 2016 Joined CIN GROUP Inc. Jul 2017 Joined Aman Holdings Inc. Mar 2018 Joined BitStar Inc. Sep 2019 Joined the Company; General Manager, Internal Audit Office Sep 2019 General Manager, Corporate Planning Office May 2020 Executive Officer Sep 2020 General Manager, Business Strategy Headquarters Nov 2021 General Manager, Management Strategy Headquarters (current) May 2022 Senior Executive Officer Nov 2023 Director, CFO (current) Feb 2024 Director, MapleSystems Inc. (current) Dec 2024 Director, M&A Succession Organization, Inc. Oct 2025 Director, enableX Inc. (current)
1984-12-17
Hajime HASEGAWA
Director
Apr 1995 Joined Ministry of Posts and Telecommunications (currently Japan Post Holdings Co., Ltd.) Apr 1997 Joined Vector Inc. May 2001 Director, Vector Inc. May 2004 Representative Director, Vectorstandard Inc. (currently Antil Inc.) Sep 2015 Chairman, Weiku Public Relations Consulting (Shanghai) Co., Ltd. May 2017 Director, PR TIMES Inc. Nov 2018 Representative Director, Direct Tech Inc. May 2020 Representative Director, President, Vector Inc. Mar 2022 Director, Vice President, Vector Inc. May 2023 Director, Vice President, Group COO, Vector Inc. Nov 2023 Director of the Company (current)
1971-04-26
Taku NAGAO
Director
Dec 2009 Joined AZX Sogo Law Office Jun 2018 Representative Attorney, Procommit Partners Law Office (current) Aug 2018 Outside Director of the Company (current) Nov 2022 Director, StarPass Inc. (current)
1983-04-09
Satoshi NAKAMURA
Audit & Supervisory Board Member
Apr 1980 Joined Kinsho Mataichi Co., Ltd. (currently Mitsubishi Corporation RtM Japan Ltd.) Nov 1999 General Manager, Corporate Planning Office, Kinsho Mataichi Co., Ltd. Jun 2005 Director, Kinsho Mataichi Co., Ltd. Apr 2012 Managing Executive Officer, Kinsho Mataichi Co., Ltd. Jun 2016 Full-time Audit & Supervisory Board Member, Kinsho Mataichi Co., Ltd. Apr 2021 Outside Audit & Supervisory Board Member of the Company (current) Jun 2023 Audit & Supervisory Board Member, Branding Engineer Inc. (current) Jun 2023 Audit & Supervisory Board Member, Digital Arrow Partners Inc. (current)
1956-07-05
Keisuke ASARI
Audit & Supervisory Board Member
Apr 2005 Joined Chuo Aoyama Audit Corporation Apr 2007 Opened Asari CPA Office; Representative (current) Nov 2008 Opened Asari Tax Accountant Office (currently NEXPERT Accounting Firm) Aug 2010 Director, CFO, Kiramex Inc. Jun 2012 Representative Director, NEXPERT Advisory Inc. (current) Oct 2015 Audit & Supervisory Board Member, GoodCoffee Inc. Jul 2017 Audit & Supervisory Board Member, Infostella Inc. Jan 2018 Outside Audit & Supervisory Board Member of the Company (current) Jan 2020 Managing Partner, NEXPERT Tax Accounting Corporation (current) Jan 2020 Representative Director, NEXPERT Consulting Inc. (current) Jan 2020 Director, CFO-Partners Inc. (current) Oct 2020 Outside Audit & Supervisory Board Member, Excite Holdings Co., Ltd. Oct 2020 Audit & Supervisory Board Member, Excite Ltd. Dec 2020 Outside Director (Audit and Supervisory Committee Member), Excite Holdings Co., Ltd. (current) May 2023 Representative Director, NEXAM Inc. (current) Sep 2023 Outside Audit & Supervisory Board Member, Daybreak Inc.
1982-10-29
Masayuki NUMATA
Audit & Supervisory Board Member
Apr 1997 Part-time Lecturer, Kitasato School of Nursing Apr 2000 Lecturer, Hosei University Apr 2000 Labor Consultant, Kawasaki City Aug 2000 Specialist Counselor, Kanagawa Prefecture Apr 2003 Part-time Lecturer, Komazawa University Apr 2003 Part-time Lecturer, Rissho University Apr 2010 Associate Professor, Osaka University of Economics and Law Apr 2013 Part-time Lecturer, Daito Bunka University Apr 2013 Part-time Lecturer, Josai University Apr 2013 Part-time Lecturer, Toyo University Apr 2013 Part-time Lecturer, Komazawa University Apr 2014 Concurrent Professor, Hosei University Apr 2016 Professor, Faculty of Law, Hosei University (current) Jan 2018 Outside Audit & Supervisory Board Member of the Company (current) Jul 2018 Public Interest Member, Chiba Prefectural Labor Relations Commission Apr 2019 Specialist Counselor on Foreign Worker Labor, Kanagawa Prefecture (current) Apr 2020 Public Interest Member, Seafarers Subcommittee, Kanto Regional Transport Council, MLIT (current) Oct 2021 Member, Dispute Adjustment Committee, Kanagawa Labour Bureau, MHLW (current) Jul 2023 Member, Disciplinary Committee for Contracting Authorities, Kanto Regional Transport Bureau, MLIT (current) Jul 2023 External Expert, Bid Investigation Committee, Kanto Regional Transport Bureau, MLIT (current) Jul 2023 Member, Bid Monitoring Committee, Kanto Regional Transport Bureau, MLIT (current) Apr 2024 Part-time Lecturer, Waseda University (current)
1970-02-04
Large Shareholding Reports
Masashi KURATA
2026-07-24
5.06%→6.19%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-02-28): 6.56%
Masashi KURATA
2026-07-15
5.06%→6.19%
Annual report (as of 2026-02-28): 6.56%
Sumitomo Mitsui Trust Bank, Limited
2026-07-06
7.62%→9.89%
Yasushi KAWABATA
2026-07-06
33.80%→33.80%
Annual report (as of 2026-02-28): 28.58%
Katsuya TAKAHARA
2026-06-18
33.73%→33.73%
Annual report (as of 2026-02-28): 28.18%
Yasushi KAWABATA
2026-05-12
35.11%→33.80%
Annual report (as of 2026-02-28): 28.58%
Yasushi KAWABATA
2026-05-01
35.11%→35.02%
Annual report (as of 2026-02-28): 28.58%
Katsuya TAKAHARA
2026-03-31
34.94%→33.73%
Annual report (as of 2026-02-28): 28.18%
Masashi KURATA
2026-02-12
5.36%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-02-28): 6.56%
Masashi KURATA
2025-12-24
5.36%→5.06%
Annual report (as of 2026-02-28): 6.56%
Yasushi KAWABATA
2025-12-17
35.12%→35.11%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-02-28): 28.58%
Katsuya TAKAHARA
2025-12-16
34.95%→34.94%
Annual report (as of 2026-02-28): 28.18%
Yasushi KAWABATA
2025-12-16
35.12%→35.11%
Annual report (as of 2026-02-28): 28.58%
Masashi KURATA
2025-10-21
5.36%
Annual report (as of 2026-02-28): 6.56%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-15
Full-Year Earnings Flash
FY ending Aug 2026
EDINETAmended
2026-07-24
Change Report
EDINET
2026-07-15
Large Shareholding Report
TDnet
2026-07-15
Q3 Earnings Flash
FY ending Aug 2026
EDINET
2026-07-06
Large Shareholding Report
EDINET
2026-07-06
Large Shareholding Report
EDINET
2026-06-18
Large Shareholding Report
EDINETAmended
2026-05-12
Change Report
EDINET
2026-05-01
Large Shareholding Report
EDINET
2026-04-14
Semi-Annual Securities Report
Period: Sep 2025 – Aug 2026
EDINET
2026-03-31
Large Shareholding Report
EDINETAmended
2026-02-12
Change Report
TDnet
2026-01-14
Q1 Earnings Flash
FY ending Aug 2026
EDINETAmended
2025-12-24
Change Report
EDINETAmended
2025-12-17
Change Report
EDINET
2025-12-16
Large Shareholding Report
EDINET
2025-12-16
Large Shareholding Report
EDINET
2025-11-27
Annual Securities Report
Period: Sep 2024 – Aug 2025
TDnet
2025-11-04
株主総会招集通知
EDINET
2025-10-21
Large Shareholding Report
TDnet
2025-07-14
Q3 Earnings Flash
FY ending Aug 2025
EDINET
2025-04-14
Semi-Annual Securities Report
Period: Sep 2024 – Aug 2025
TDnet
2025-01-14
Q1 Earnings Flash
FY ending Aug 2025
EDINET
2024-11-28
Annual Securities Report
Period: Sep 2023 – Aug 2024
EDINET
2024-07-12
Quarterly Securities Report
Period: Mar 2024 – May 2024
EDINET
2024-04-12
Quarterly Securities Report
Period: Dec 2023 – Feb 2024
EDINET
2024-01-12
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-11-29
Annual Securities Report
Period: Sep 2022 – Aug 2023
EDINET
2023-07-14
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-04-14
Quarterly Securities Report
Period: Dec 2022 – Feb 2023
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