Overview
Services

Bleach,Inc.

Bleach Co., Ltd. operates a sharing-type integrated marketing business, providing revenue-share-based digital marketing support primarily to e-commerce companies in cosmetics, daily necessities, functional foods, beauty salons, and financial services. Unlike traditional budget-based marketing firms, the company charges no upfront fees and earns compensation only upon achieving agreed new user acquisition results, enabling small and mid-sized enterprises without in-house marketing expertise to access high-quality digital marketing. The company fully in-houses its marketing strategy, ad creation, and ad operations, leveraging large-scale A/B testing and high-speed PDCA cycles to maximize marketing effectiveness.

Market Cap
¥5.71B
US$36.4M
EV
¥-0.19B
-US$1.22M
Stock¥222▼-0.45%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
0.7
x
LTM EV/EBIT
0.6
x
LTM PER
NM
LTM PBR
0.6
x
2026-08-25 closing price basis: ranked #136 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-1B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-56.8%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
5.71BUS$36.4MMarket Cap1.08BUS$6.88M+ Debt6.79BUS$43.2M− Cash0.20BUS$1.25M− Inv. Sec.-0.19B-US$1.22MEV
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Performance & Balance
Revenue 5Y (¥B)
16.4US$104M'23/613.8US$87.9M'24/617.2US$109M'25/617.2US$109M'26/6
EBITDA 5Y (¥B)
2.21US$14.0M'23/6-0.33-US$2.10M'24/60.49US$3.14M'25/6-0.26-US$1.66M'26/6
Net Income 5Y (¥B)
1.47US$9.33M'23/6-0.55-US$3.53M'24/60.30US$1.93M'25/6-0.29-US$1.87M'26/6
Capital Structure
90%
EquityD/E 0.12xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
5.97US$38.0M3.24US$20.6M'23/69.69US$61.7M2.52US$16.0M'24/69.11US$58.0M1.80US$11.5M'25/66.98US$44.5M1.08US$6.88M'26/6
Shareholders
Top 10 hold 82.4%
1
Ohira Office Co., Ltd.
53.02%
2
Keisuke OHIRA
18.39%
3
Kazunari MIYATA
2.60%
4
Masashi KURATA
1.71%
5
Ueda Yagi Tanshi Co., Ltd.
1.55%
6
SBI SECURITIES Co., Ltd.
1.42%
7
Japan Securities Finance Co.,Ltd.
0.97%
8
Rakuten Securities, Inc.
0.96%
9
Tomoko MIYATA
0.90%
10
Sense LLC
0.88%
Management
7 officers
Keisuke OHIRA
Representative Director, President
Apr 2010 Japan Web Link Inc. (now the Company) established; assumed office as Representative Director, President Nov 2018 Keisuke Ohira Office Co., Ltd. (now Ohira Office Co., Ltd.) established; assumed office as Representative Director (current) Mar 2025 Assumed office as Representative Director, President of Aurum Tech Co., Ltd. (current) Jun 2026 Assumed office as Representative Director, President of Minori Shizen Shokuhin Co., Ltd. (current)
1987-06-11
Isao KONISHI
Director, CFO
Dec 2007 Joined Shin Nihon & Co. (now EY ShinNihon LLC) Oct 2011 Registered as Certified Public Accountant Sep 2019 Joined Digital Arts Inc. Feb 2024 Joined the Company Jun 2024 Assumed office as Executive Officer and General Manager of Administration Division Sep 2024 Assumed office as Director, CFO (current) Mar 2025 Assumed office as Director of Aurum Tech Co., Ltd. (current) Jun 2026 Assumed office as Director of Minori Shizen Shokuhin Co., Ltd. (current)
1984-02-16
Yutaka TOGAWA
Director
Apr 1994 Joined Hakuhodo Inc. Mar 2000 Joined CyberAgent, Inc. May 2000 Assumed office as Representative Director, President of CA Mobile, Inc. (now CAM Inc.) Dec 2003 Assumed office as Senior Managing Director of CyberAgent, Inc. Dec 2015 Assumed office as Representative Director, Chairman of Tokyo Tsushin, Inc. (now Tokyo Tsushin Group Inc.) Dec 2017 Assumed office as Representative Partner (Executive Officer) of basepartners LPS (now TT1 LPS) Sep 2019 Assumed office as Director of the Company (current) Mar 2022 Assumed office as Director, Chairman of Tokyo Tsushin Group Inc. (current) Nov 2022 Assumed office as Unlimited Liability Partner of basepartners No. 2 Investment LPS (current)
1971-12-29
Shuhei NAKAGAWA
Director
Apr 2003 Joined Sumitomo Mitsui Banking Corporation Jul 2007 Joined Mizuho Securities Co., Ltd. Oct 2018 Joined Coconala Inc.; assumed office as Executive Officer and CFO Dec 2021 Assumed office as Director of the Company (current) Jun 2022 Joined Fast Doctor Inc.; assumed office as CFO Nov 2023 Assumed office as Director and CFO of Fast Doctor Inc. (current)
1978-06-14
Koji NODA
Full-time Audit & Supervisory Board Member
Apr 1977 Joined Sumitomo Marine & Fire Insurance Co., Ltd. (now Mitsui Sumitomo Insurance Co., Ltd.) Apr 2004 Assumed office as General Manager, Hokkaido Loss Service Department, Hokkaido Division of the same company Apr 2008 Assumed office as Executive Officer and General Manager, Saitama Loss Support Department, Chiba-Saitama Division of the same company Apr 2010 Assumed office as Audit & Supervisory Board Member, National Agency for Automotive Safety and Victims' Aid Apr 2014 Assumed office as Audit & Supervisory Board Member, Wilplus Holdings Inc. Sep 2014 Assumed office as Audit & Supervisory Board Member, Checker Motors Co., Ltd. Sep 2014 Assumed office as Audit & Supervisory Board Member, Wilplus Motoren Co., Ltd. Sep 2014 Assumed office as Audit & Supervisory Board Member, Teio Auto Co., Ltd. Nov 2017 Assumed office as Audit & Supervisory Board Member, Wilplus Eins Co., Ltd. Nov 2019 Assumed office as Full-time Audit & Supervisory Board Member of the Company (current) Mar 2025 Assumed office as Audit & Supervisory Board Member of Aurum Tech Co., Ltd. (current) Jun 2026 Assumed office as Audit & Supervisory Board Member of Minori Shizen Shokuhin Co., Ltd. (current)
1954-02-21
Norihide ISOBE
Audit & Supervisory Board Member
Dec 2008 Registered as attorney-at-law Jan 2009 Joined ITJ Law Firm Apr 2012 Established Nakachi & Isobe Law Office; assumed office as Representative Attorney Sep 2014 Established Advance Law Corporation (now Protect Stance Law Corporation); assumed office as Representative Partner (current) Oct 2016 Assumed office as Representative Director of Answer Inc. (current) Jan 2017 Assumed office as Representative Director of Asia M&A Consulting Co., Ltd. Sep 2017 Established ADVANCE TAC Tax Accountant Corporation; assumed office as Representative Partner Feb 2018 Assumed office as Audit & Supervisory Board Member of Ryukyu Astidar Sports Club Co., Ltd. Mar 2018 Established ADVANCE ASC Administrative Scrivener Corporation (now Protect Stance Administrative Scrivener Corporation); assumed office as Representative Partner (current) Jun 2018 Assumed office as Outside Director of Rentracks Inc. (current) Jun 2018 Established Advance Sports Management Inc. (now Protect Stance Sports Management Inc.); assumed office as Representative Director (current) Dec 2018 Established Advance Social Insurance and Labor Consultants Corporation (now Protect Stance Social Insurance and Labor Consultants Corporation); assumed office as Representative Partner (current) Jun 2019 Established ADVANCE Patent Attorney Corporation (now Protect Stance Patent Attorney Corporation); assumed office as Representative Partner (current) Nov 2019 Established ADVANCE Tax Accountant Corporation (now Protect Stance Tax Accountant Corporation); assumed office as Representative Partner (current) Apr 2020 Assumed office as Outside Audit & Supervisory Board Member of the Company (current) Feb 2021 Assumed office as Director of canow Inc. Sep 2021 Assumed office as Outside Director (Audit and Supervisory Committee Member) of Birdman Inc. (current) Sep 2021 Assumed office as Outside Director of Specific Inc. (now HANDICAP CLOUD Inc.) (current) Oct 2021 Assumed office as Outside Director of STARS Space Service Inc. (current) Dec 2021 Assumed office as Outside Audit & Supervisory Board Member of Kakekomu Inc. Apr 2023 Established Protect Stance Consulting Inc.; assumed office as Representative Director (current) Jun 2023 Assumed office as Outside Audit & Supervisory Board Member of Raffle Inc. (current) Jul 2023 Assumed office as Representative Director of LOLO Inc. (current) Aug 2023 Assumed office as Director of ICTSG Japan (general incorporated association) Nov 2023 Assumed office as Outside Director of Media Kobo Inc. (current) May 2024 Assumed office as Representative Director of HEAD LOUNGE Inc. (now FANIF Inc.) (current) Sep 2024 Assumed office as Director of Sista Inc. (current) Jan 2026 Established PSR 1st Inc.; assumed office as Representative Director, President (current)
1987-07-02
Chiyako YAMANO
Audit & Supervisory Board Member
Feb 2010 Joined Arata Audit Corporation (now PwC Japan LLC) Mar 2017 Joined Pernod Ricard Japan Ltd. Feb 2019 Joined Meikou Network Japan Co., Ltd. Sep 2020 Assumed office as Audit & Supervisory Board Member of One Link Inc. Jun 2021 Joined Clean Top Inc. Sep 2021 Established Yamano CPA Office (now Chiyako Yamano CPA Office) Jul 2022 Assumed office as Outside Audit & Supervisory Board Member of the Company (current) Jan 2023 Assumed office as Full-time Audit & Supervisory Board Member of Classico Inc. (current) Jun 2025 Assumed office as Outside Director of Kojin Bio Co., Ltd. (current)
1983-07-25
Large Shareholding Reports
Ohira Jimusho Co., Ltd.
2026-03-18
53.17%→53.03%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-06-30): 53.02%
Ohira Jimusho Co., Ltd.
2026-03-16
53.17%→53.03%
Annual report (as of 2026-06-30): 53.02%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-29
Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2026-05-15
Q3 Earnings Flash
FY ending Jun 2026
EDINETAmended
2026-03-18
Change Report
EDINET
2026-03-16
Large Shareholding Report
EDINET
2026-02-13
Semi-Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2025-11-14
Q1 Earnings Flash
FY ending Jun 2026
EDINETAmended
2025-11-14
Amended Annual Securities Report
Period: Jul 2024 – Jun 2025
EDINET
2025-09-25
Annual Securities Report
Period: Jul 2024 – Jun 2025
TDnet
2025-05-15
Q3 Earnings Flash
FY ending Jun 2025
EDINET
2025-02-14
Semi-Annual Securities Report
Period: Jul 2024 – Jun 2025
TDnet
2024-11-14
Q1 Earnings Flash
FY ending Jun 2025
EDINET
2024-09-30
Annual Securities Report
Period: Jul 2023 – Jun 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINETAmended
2023-12-06
Amended Annual Securities Report
Period: Jul 2022 – Jun 2023
EDINETAmended
2023-12-06
Amended Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINETAmended
2023-12-06
Amended Securities Registration Statement
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-09-29
Annual Securities Report
Period: Jul 2022 – Jun 2023
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