Overview
Services

Caster Co.Ltd.

Caster provides BPaaS (Business Process as a Service) solutions leveraging a nationwide network of remote workers to handle back-office functions—including secretarial, accounting, HR, recruiting, and sales/marketing support—for primarily small and medium-sized enterprises in Japan. Its flagship 'CASTER BIZ' series and 'My Assistant' service deliver flexible, time-unit-based outsourcing starting from as little as 10 hours/month, enabled by a proprietary auto-matching system that assigns optimal remote workers to client tasks. The company differentiates itself from traditional BPO, staffing, and crowdsourcing models by combining SaaS-based workflow tools, AI technology, and managed remote labor to deliver end-to-end business process optimization at low entry costs.

Market Cap
¥1.08B
US$6.89M
EV
¥0.43B
US$2.76M
Stock¥551▼-5.33%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.9
x
LTM EV/EBIT
8.7
x
LTM PER
360.0
x
LTM PBR
1.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-52.3%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jul 15, 26Q3 FY2026/08 earnings announced
2Oct 15, 26FY2026/8 full-year earnings release: company disclosed discrepancy between forecast and actual results (announced 10/14)
MC → EV Bridge
1.08BUS$6.89MMarket Cap0.59BUS$3.74M+ Debt1.23BUS$7.87M− Cash0.00BUS$0.00M− Inv. Sec.0.43BUS$2.76MEV
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Performance & Balance
Revenue 5Y (¥B)
4.18US$26.7M'23/84.44US$28.3M'24/84.59US$29.3M'25/84.45US$28.4M'26/8
EBITDA 5Y (¥B)
0.00US$0.02M'23/8-0.15-US$0.95M'24/8-0.37-US$2.39M'25/80.06US$0.37M'26/8
Net Income 5Y (¥B)
0.03US$0.18M'23/8-0.22-US$1.38M'24/8-0.39-US$2.51M'25/80.00US$0.02M'26/8
Capital Structure
55%
45%
EquityD/E 0.82xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.49US$9.48M'23/81.64US$10.4M0.53US$3.39M'24/81.18US$7.55M0.46US$2.95M'25/81.23US$7.87M0.59US$3.74M'26/8
Shareholders
Top 10 hold 73.7%
1
Money Forward,Inc.
20.30%
2
Blue Monday Co., Ltd.
17.34%
3
Incubate Fund No. 2 Investment Limited Partnership
9.93%
4
Wiz Co., Ltd.
8.24%
5
WiL Fund II, L.P. (Standing Proxy: Daiwa Securities Co. Ltd.)
5.66%
6
Shota NAKAGAWA
3.06%
7
IF Growth Opportunity FundI,L.P. (Standing Proxy: SMBC Nikko Securities Inc.)
2.87%
8
Green Coin Invest Investment Limited Partnership
2.87%
9
Kota CHIBA
1.73%
10
SBI SECURITIES Co., Ltd.
1.69%
Management
8 officers
Shota NAKAGAWA
Representative Director
Apr 2008 Opened a secondhand clothing store as a sole proprietor Jan 2011 Joined Opt Inc. (now Digital Holdings, Inc.) Apr 2012 Joined E-Guardian Inc. Sep 2014 Founded the Company; assumed office as Representative Director (current) Feb 2019 Assumed office as Representative Director, Blue Monday Co., Ltd. (current) Sep 2020 Assumed office as Director, Remote Worker Association (General Incorporated Association) Jun 2024 Assumed office as Executive Officer of the Company (current; Representative Director and Executive Officer) Sep 2024 Assumed office as Director, LUVO Inc. (now Casters Tech Japan Inc.) (current)
1986-06-04
Yufuko MORIOKA
Director
Apr 2005 Joined Cable Television Kobe Co., Ltd. Oct 2006 Joined Recruit Staffing Co., Ltd. Feb 2008 Joined E-Guardian Inc. Feb 2017 Joined the Company Nov 2017 Assumed office as Director of the Company (current) Dec 2022 Assumed office as Manager, New Business Division of the Company Aug 2023 Assumed office as Designated Member, LLC jinbee (current) Jun 2024 Assumed office as Executive Officer of the Company (current; Director and Executive Officer)
1982-05-03
Hiroyuki HONDA
Director
Apr 1984 Joined Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) Apr 2000 Assumed office as Executive Officer in charge of next-generation business development, Recruit Co., Ltd. Apr 2003 Assumed office as Executive Officer of Recruit Co., Ltd., and Representative Director and President of Recruit HR Marketing Co., Ltd. (now Recruit Jobs Co., Ltd.) Apr 2005 Assumed office as Director and Managing Executive Officer, Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) Apr 2005 Assumed office as Director, 51job, Inc. Apr 2008 Assumed office as Director and Senior Managing Executive Officer, 51job, Inc. Jun 2012 Assumed office as Adviser, 51job, Inc. Apr 2013 Assumed office as Adviser, Ortplus Co., Ltd. Jul 2013 Assumed office as Outside Director, Ortplus Co., Ltd. Mar 2014 Assumed office as Director, Geniee, Inc. Mar 2014 Assumed office as Outside Director, Libsense, Inc. Sep 2014 Assumed office as Adviser, Retty Inc. Oct 2014 Assumed office as Outside Director, Double Standard Inc. Mar 2016 Assumed office as Outside Director, TVISION INSIGHTS Inc. (now REVISIO Inc.) (current) Dec 2017 Assumed office as Outside Director, Retty Inc. Nov 2022 Assumed office as Director of the Company (current) Dec 2022 Assumed office as Outside Director, Emotion Tech Co., Ltd. Aug 2025 Assumed office as Outside Director, Artemis Hokkaido Co., Ltd. (current)
1960-10-30
Kimio IKEMURA
Director
May 2002 Joined Goodwill Group, Inc. Aug 2005 Joined Opt Inc. (now Digital Holdings, Inc.) Jan 2010 Joined SoldOut Inc. (seconded from Opt Inc.) Apr 2013 Assumed office as Executive Officer and CFO, SoldOut Inc. Mar 2014 Assumed office as Director, Searchlife Inc. (now SO Technologies Inc.) Mar 2015 Assumed office as Director, Growth Gear Inc. (now And Digital Inc.) Jun 2015 Assumed office as Director, Dentsu Digital Networks Inc. Mar 2016 Assumed office as Director and CFO, SoldOut Inc. Jan 2018 Assumed office as Director, Teclroco Inc. (now SO Technologies Inc.) Apr 2020 Assumed office as Designated Member, LLC Ichihaku Apr 2021 Assumed office as Director, Kouan Co., Ltd. Aug 2023 Assumed office as Representative Director, Kouan Co., Ltd. (current) Nov 2023 Assumed office as Director of the Company (current)
1978-11-21
Yusuke SAKAI
Director
Apr 2001 Joined Sanwa Bank, Ltd. (now MUFG Bank, Ltd.) Jul 2005 Joined Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) Jan 2013 Joined Lancers Inc. Jan 2014 Joined Team Spirit Inc. Jun 2014 Joined NeoCareer Inc. Nov 2015 Assumed office as Representative Director, NeoLab Inc. Sep 2016 Assumed office as Executive Officer and Head of Business Development Office, NeoCareer Inc. Mar 2021 Joined Nequino Inc. Jul 2021 Joined SKY Inc. Sep 2021 Assumed office as Executive Officer and PMO Officer, Nequino Inc. Nov 2023 Assumed office as Director, Grams Inc. Sep 2024 Assumed office as Outside Director, Grams Inc. (current) Sep 2024 Joined the Company Dec 2024 Assumed office as Executive Officer of the Company (current) May 2025 Assumed office as Representative Director, LUVO Inc. (now Casters Tech Japan Inc.) Nov 2025 Assumed office as Director of the Company (current; Director and Executive Officer)
1977-06-24
Tatsuhiro TAKAMOTO
Full-time Corporate Auditor
Apr 2007 Joined JAFCO Co., Ltd. Jun 2011 Joined Mediator Inc. Jun 2014 Joined Paradigm Shift Inc. Nov 2014 Founded TBM Research (sole proprietorship) Oct 2015 Incorporated TBM Research as LLC TBM Research; assumed office as Designated Member (current) Oct 2016 Assumed office as Corporate Auditor of the Company (current) Apr 2025 Assumed office as Corporate Auditor, TAIAN Inc. (current)
1982-06-13
Kanako KIKUCHI
Corporate Auditor
Apr 2001 Joined Royal Contract Service Co., Ltd. Oct 2003 Joined Amend Inc. Dec 2010 Opened Kanako Kikuchi Certified Social Insurance and Labor Consultant Office as Head Sep 2012 Assumed office as Representative Director, Work Innovation Inc. Jun 2017 Incorporated social insurance labor consultant office as Work Innovation Social Insurance and Labor Consultant Corporation; assumed office as Representative (current) May 2019 Assumed office as Corporate Auditor of the Company (current) Feb 2023 Assumed office as Representative Director, General Incorporated Association Research Institute for Work Styles Supporting the Future of Children (current)
1977-04-22
Mio SATO
Corporate Auditor
Apr 1997 Joined Nihon Systemware Co., Ltd. Jun 2001 Joined Delta Agent Inc. Apr 2006 Entered the Legal Training and Research Institute of the Supreme Court of Japan Sep 2007 Registered as attorney-at-law (Tokyo Bar Association) Sep 2007 Joined Furuta & Associates Law Office (now Claire Law Office) Jan 2015 Assumed office as Partner Attorney, Furuta & Associates Law Office (now Claire Law Office) May 2015 Assumed office as Outside Director, Eigel Inc. (current) Nov 2015 Assumed office as Partner Attorney, A. Sagawa Law Office (current) Mar 2019 Assumed office as Outside Corporate Auditor, KIYO Learning Inc. (current) Jun 2021 Assumed office as Outside Director, IX Knowledge Inc. (current) Jul 2021 Assumed office as Outside Corporate Auditor, CLUE Inc. Nov 2022 Assumed office as Corporate Auditor of the Company (current) Jun 2025 Assumed office as Director (Audit and Supervisory Committee Member), ITmedia Inc. (current)
1975-03-19
Large Shareholding Reports
Wiz Co., Ltd. (Representative Director: YAMASAKI)
2026-06-04
7.35%→8.49%
Wiz Co., Ltd. (Representative Director: Shun YAMASAKI)
2026-06-03
7.35%→8.49%
Wiz Co., Ltd. (Representative Director: Shun YAMASAKI)
2025-12-12
6.30%→7.35%
Wiz Co., Ltd. (Representative Director: Shun YAMASAKI)
2025-11-14
5.14%→6.30%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-14
Full-Year Earnings Flash
FY ending Aug 2026
TDnet
2026-07-14
Q3 Earnings Flash
FY ending Aug 2026
EDINETAmended
2026-06-04
Change Report
EDINET
2026-06-03
Large Shareholding Report
EDINET
2026-04-13
Semi-Annual Securities Report
Period: Sep 2025 – Aug 2026
TDnet
2026-01-14
Q1 Earnings Flash
FY ending Aug 2026
EDINET
2025-12-12
Large Shareholding Report
EDINET
2025-11-26
Annual Securities Report
Period: Sep 2024 – Aug 2025
EDINET
2025-11-14
Large Shareholding Report
TDnet
2025-07-11
Q3 Earnings Flash
FY ending Aug 2025
EDINET
2025-04-11
Semi-Annual Securities Report
Period: Sep 2024 – Feb 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
EDINETAmended
2023-09-26
Amended Securities Registration Statement
EDINETAmended
2023-09-15
Amended Securities Registration Statement
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