Overview
Services

ONDECK Co.,Ltd.

OnDeck is a Japan-based M&A advisory firm founded in 2005, specializing in M&A transactions involving domestic small and medium-sized enterprises (SMEs) as both an intermediary and financial advisor. The company provides comprehensive advisory services spanning deal sourcing, valuation, counterparty matching, negotiation support, and project management through to closing, with a particular focus on business succession M&A and founder exit transactions. In addition to its core M&A advisory business, the company conducts direct investment in SMEs and, through its consolidated subsidiary OnDeck Consulting Co., Ltd., offers M&A strategy, business planning, due diligence, and post-merger integration (PMI) consulting services.

Market Cap
US$21.2M
¥3.38B
EV
US$13.9M
¥2.22B
StockUS$8.10(¥1,293)▲+1.65%
US$1 = ¥159.70 (2026-11-12)
LTM EV/EBITDA
9.7
x
LTM EV/EBIT
10.0
x
LTM PER
22.2
x
LTM PBR
3.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+39.0%pt
100
Nov 13, 25 – Nov 13, 26StockTOPIX
MC → EV Bridge
US$21.2M¥3.38BMarket CapUS$1.37M¥0.22B+ DebtUS$7.98M¥1.27B− CashUS$0.64M¥0.10B− Inv. Sec.US$0.02M¥0.00B+ NCIUS$13.9M¥2.22BEV
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Generating insights…
Performance & Balance
Revenue 5Y (US$)
US$4.87M¥0.78B'21/11US$8.38M¥1.34B'22/11US$5.17M¥0.83B'23/11US$10.4M¥1.67B'24/11US$5.41M¥0.86B'25/11
EBITDA 5Y (US$)
US$0.32M¥0.05B'21/11US$1.38M¥0.22B'22/11-US$1.14M¥-0.18B'23/11US$2.35M¥0.38B'24/11-US$1.34M¥-0.21B'25/11
Net Income 5Y (US$)
US$0.14M¥0.02B'21/11US$0.95M¥0.15B'22/11-US$0.95M¥-0.15B'23/11US$1.50M¥0.24B'24/11-US$0.95M¥-0.15B'25/11
Capital Structure
84%
EquityD/E 0.20xDebt
Liquidity vs Debt 5Y (US$)▲ Net Cash
CashInv. Sec.Debt
US$6.68M¥1.07BUS$0.30M¥0.05B'21/11US$8.62M¥1.38BUS$0.09M¥0.01B'22/11US$3.26M¥0.52B'23/11US$6.21M¥0.99B'24/11US$4.80M¥0.77BUS$0.23M¥0.04B'25/11
Shareholders
Top 10 hold 82.0%
1
Ryosuke KUBO
29.80%
2
Masao FUNATO
29.80%
3
Hikari Tsushin KK Investment Limited Partnership
6.43%
4
PayForward Co., Ltd.
5.74%
5
Takeo Holdings Co., Ltd.
3.10%
6
UHPartners 2 Investment Limited Partnership
2.10%
7
ONDECK Co.,Ltd. Employee Stock Ownership Association
1.92%
8
8G Holdings Co., Ltd.
1.24%
9
HIKARI TSUSHIN,INC.
1.09%
10
Ueda Yagi Tanshi Co., Ltd.
0.78%
Management
8 officers
Ryosuke KUBO
Representative Director, President
Apr 1999 Joined JCB Co., Ltd. Sep 2001 Joined Matsuda Sangyo Co., Ltd. Jul 2005 Launched M&A advisory business together with Masao FUNATO Dec 2007 Founded the Company; assumed office as Representative Director Dec 2014 Assumed office as Representative Director, President of the Company (current)
1976-05-09
Masao FUNATO
Representative Director, Executive Vice President; Managing Director, Alliance Promotion Division
Apr 1999 Joined JCB Co., Ltd. Aug 2000 Joined Ken Onishi Co., Ltd. Jul 2005 Launched M&A advisory business together with Ryosuke KUBO Dec 2007 Founded the Company; assumed office as Representative Director Apr 2012 Part-time Lecturer, Faculty of Commerce, Kwansei Gakuin University Dec 2014 Assumed office as Representative Director, Executive Vice President of the Company Jun 2019 Assumed office as Representative Director, Executive Vice President; General Manager, M&A Advisory Division No. 1 of the Company Dec 2019 Assumed office as Representative Director, Executive Vice President; Managing Director, M&A Advisory Division No. 1 of the Company May 2024 Assumed office as Representative Director, Executive Vice President; Managing Director, Alliance Promotion Division of the Company (current) Jul 2025 Assumed office as Outside Director, Ohkatsu Foods Co., Ltd. (current)
1977-02-28
Daisuke YAMANAKA
Director; General Manager, M&A Advisory Division
Apr 2003 Joined Daiwa Securities Co., Ltd. Jun 2006 Joined SoftBank Investment Corp. (now SBI Investment Co., Ltd.) Mar 2015 Assumed office as Director, Head of Tokyo Office of the Company Jun 2019 Assumed office as Director, Head of Tokyo Office and General Manager, M&A Advisory Division No. 2 of the Company Dec 2019 Assumed office as Director, Head of Tokyo Office and Managing Director, M&A Advisory Division No. 2 of the Company May 2024 Assumed office as Director, Head of Tokyo Office and Managing Director, M&A Advisory Department of the Company Aug 2025 Assumed office as Director, Ondec Consulting Co., Ltd. (current) Dec 2025 Assumed office as Director, General Manager, M&A Advisory Division of the Company (current)
1979-05-09
Yoshitomo KISHIMOTO
Director; Managing Director, Corporate Management Division and Business Promotion Division
Oct 2003 Joined J.S.L. Co., Ltd. (now SUS Co., Ltd.) Jun 2012 Assumed office as Director, Timeline Marketing Co., Ltd. Oct 2012 Assumed office as Head of Corporate Planning Office, J.S.L. Co., Ltd. (now SUS Co., Ltd.) Jun 2013 Assumed office as Director, Qript Co., Ltd. Jun 2015 Assumed office as Director, Funclick Co., Ltd. Dec 2015 Assumed office as Director, Head of Corporate Planning Office, SUS Co., Ltd. Apr 2016 Assumed office as Director, Head of Corporate Management Division, SUS Co., Ltd. Sep 2016 Assumed office as Director, Stonefree Co., Ltd. Sep 2016 Assumed office as Audit & Supervisory Board Member, E-Assessment Co., Ltd. Oct 2017 Assumed office as Director, Head of Corporate Planning Office and in charge of Corporate Management Division, SUS Co., Ltd. Dec 2019 Assumed office as Executive Officer, Head of Corporate Management Division, Enlision Co., Ltd. Nov 2021 Assumed office as Director, CFO, Offshore Co., Ltd. Apr 2023 Assumed office as Director, Executive Vice President, Offshore Co., Ltd. Jul 2025 Assumed office as Executive Officer in charge of HR, Information Systems and Marketing of the Company Aug 2025 Assumed office as Audit & Supervisory Board Member, Ondec Consulting Co., Ltd. (current) Dec 2025 Assumed office as Executive Officer; Managing Director, Corporate Management Division and Business Promotion Division of the Company Feb 2026 Assumed office as Director; Managing Director, Corporate Management Division and Business Promotion Division of the Company (current)
1977-10-11
Taro YAMANE
Director
Apr 2008 Joined Itochu Corporation Apr 2014 Joined Sanwa Company Co., Ltd. (now Miratap Co., Ltd.) Jun 2014 Assumed office as Representative Director, President, Sanwa Company Co., Ltd. (now Miratap Co., Ltd.) (current) Dec 2021 Assumed office as Outside Director, Good News Co., Ltd. (current) Feb 2024 Assumed office as Outside Director of the Company (current)
1983-07-15
Kenichiro MURATA
Full-time Audit & Supervisory Board Member
Apr 1979 Joined The Nippon Kogyo Bank, Ltd. (now Mizuho Bank, Ltd.) Mar 2001 Assumed office as Deputy General Manager, International Finance Division, The Nippon Kogyo Bank, Ltd. Mar 2002 Assumed office as Deputy General Manager, International Sales Division, Mizuho Corporate Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2004 Assumed office as Director, Managing Executive Officer, General Manager of Administration Division, Daiichi Kasei Co., Ltd. Jul 2006 Joined Tsutaya Co., Ltd. (now Culture Convenience Club Co., Ltd.); seconded to Sumiya Co., Ltd. (now Culture Convenience Club Co., Ltd.) Jun 2007 Assumed office as Director in charge of Administration Division and Finance Group Leader, Sumiya Co., Ltd. Jan 2011 Joined Optrex Corporation (now Kyocera Corporation) Mar 2011 Assumed office as Director, General Manager of Corporate Planning Office and in charge of Accounting Division, Optrex Corporation Mar 2012 Joined Elna Co., Ltd. Sep 2013 Assumed office as Representative Director, President, Elna Energy Co., Ltd. (now Elna Co., Ltd.) Mar 2015 Assumed office as Director, Executive Officer, General Manager of Corporate Planning Division, Elna Co., Ltd. Mar 2016 Assumed office as Director, Senior Executive Officer, General Manager of Corporate Planning Division, Elna Co., Ltd. Jun 2018 Assumed office as Advisor, Elna Co., Ltd. Dec 2018 Assumed office as Full-time Audit & Supervisory Board Member of the Company (current)
1955-01-23
Koki MORIYAMA
Audit & Supervisory Board Member
Oct 2000 Joined Nishimura & Partners Aug 2008 Joined RHJ International Japan Apr 2009 Joined Nishimura & Asahi (now Nishimura & Asahi Gaikokuho Kyodo Jigyo) Jan 2013 Joined Nomura Sogo Law Offices Dec 2019 Assumed office as Audit & Supervisory Board Member of the Company (current) Jan 2026 Joined Yanagida International Law Office (current)
1974-07-16
Dai KIYOHARA
Audit & Supervisory Board Member
Apr 1995 Joined Osaka Printing Ink Mfg. Co., Ltd. (now OPI Co., Ltd.) Oct 1999 Joined Ota Showa & Co. (now EY Shinnihon LLC) Jan 2019 Opened Kiyohara Certified Public Accountant Office as Representative (current) Mar 2019 Assumed office as Outside Audit & Supervisory Board Member, Direct Marketing Mix Co., Ltd. Jul 2019 Established Go Public Co., Ltd.; assumed office as Representative Director (current) Oct 2019 Assumed office as Auditor, General Incorporated Association Regional Information Co-creation Center (current) Dec 2019 Assumed office as Outside Director (Audit and Supervisory Committee Member), Joho Kikaku Co., Ltd. (current) Nov 2021 Assumed office as Outside Audit & Supervisory Board Member, Scene Live Co., Ltd. (current) Mar 2025 Assumed office as Outside Audit & Supervisory Board Member, Enecoat Technologies Co., Ltd. (current) Aug 2025 Assumed office as Audit & Supervisory Board Member, iFactory Co., Ltd. (current) Dec 2025 Assumed office as Audit & Supervisory Board Member, Cerebro Pharma Inc. (current) Feb 2026 Assumed office as Audit & Supervisory Board Member of the Company (current)
1971-11-21
Large Shareholding Reports
Mitsu Communications Co., Ltd.
2026-11-12
6.87%→6.87%
Annual report (as of 2026-05-31): 1.09%
Koutsushin Co., Ltd.
2025-09-29
6.87%→6.87%
Annual report (as of 2026-05-31): 1.09%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-11-12
Large Shareholding Report
TDnet
2026-10-15
Q3 Earnings Flash
FY ending Nov 2026
TDnet
2026-07-15
Q2 Earnings Flash
FY ending Nov 2026
EDINET
2026-07-15
Semi-Annual Securities Report
Period: Dec 2025 – Nov 2026
TDnet
2026-04-10
Q1 Earnings Flash
FY ending Nov 2026
EDINET
2026-02-24
Annual Securities Report
Period: Dec 2024 – Nov 2025
TDnet
2026-01-13
Full-Year Earnings Flash
FY ending Nov 2025
TDnet
2025-11-18
業績予想の修正
TDnet
2025-10-10
業績予想の修正
TDnet
2025-10-10
Q3 Earnings Flash
FY ending Nov 2025
EDINET
2025-09-29
Large Shareholding Report
EDINET
2025-07-15
Semi-Annual Securities Report
Period: Dec 2024 – May 2025
TDnet
2025-04-14
Q1 Earnings Flash
FY ending Nov 2025
EDINET
2025-02-27
Annual Securities Report
Period: Dec 2023 – Nov 2024
EDINET
2024-07-12
Quarterly Securities Report
Period: Mar 2024 – May 2024
EDINET
2024-04-10
Quarterly Securities Report
Period: Dec 2023 – Feb 2024
EDINET
2024-02-26
Annual Securities Report
Period: Dec 2022 – Nov 2023
EDINET
2023-10-13
Quarterly Securities Report
Period: Jun 2023 – 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
EDINETAmended
2023-02-28
Amended Annual Securities Report
Period: Dec 2021 – Nov 2022
EDINET
2023-02-24
Annual Securities Report
Period: Dec 2021 – Nov 2022
EDINET
2022-10-14
Quarterly Securities Report
EDINET
2022-07-15
Quarterly Securities Report
EDINET
2022-04-13
Quarterly Securities Report
EDINET
2022-02-25
Annual Securities Report
EDINET
2021-10-15
Quarterly Securities Report
EDINET
2021-07-15
Quarterly Securities Report
EDINET
2021-04-14
Quarterly Securities Report
EDINET
2021-02-19
Annual Securities Report
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