Overview
Services

ispace,inc.

Inter Space Planning is a Tokyo-based IT solutions provider founded in 1998, offering system development, network infrastructure, and cloud services to corporate clients. The company's core offerings include custom software development, its proprietary dedicated server service 'AQUILA' (single-tenant policy), and VPN package solutions tailored for remote work and multi-branch network environments. With offices in Tokyo and Nagoya, the company serves clients across internet-related, network, and computer hardware sales businesses.

Market Cap
¥54.7B
US$349M
EV
¥59.0B
US$376M
Stock¥374▼-1.32%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
6.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-43.1%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 12, 26Adjustment selling on receding expectations
MC → EV Bridge
54.7BUS$349MMarket Cap30.0BUS$191M+ Debt25.7BUS$164M− Cash0.00BUS$0.00M− Inv. Sec.59.0BUS$376MEV
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Performance & Balance
Revenue 5Y (¥B)
0.99US$6.31M'23/32.36US$15.0M'24/34.74US$30.2M'25/33.31US$21.1M'26/3
EBITDA 5Y (¥B)
-11.0-US$69.8M'23/3-5.42-US$34.6M'24/3-9.63-US$61.4M'25/3-11.4-US$72.4M'26/3
Net Income 5Y (¥B)
-11.4-US$72.7M'23/3-2.37-US$15.1M'24/3-11.9-US$76.2M'25/3-8.15-US$52.0M'26/3
Capital Structure
22%
78%
EquityD/E 3.50xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
3.38US$21.6M6.78US$43.2M'23/314.3US$91.3M12.5US$79.8M'24/313.1US$83.7M16.4US$105M'25/329.7US$189M29.7US$189M'26/3
Shareholders
Top 10 hold 33.4%
1
Takeshi HAKAMATA
8.21%
2
Takasago Thermal Engineering Co.,Ltd.
4.79%
3
JICVGI Opportunity Fund No. 1 Investment Limited Partnership
4.38%
4
Incubate Fund No. 3 Investment Limited Partnership
4.10%
5
Kurita Water Industries Ltd.
2.92%
6
Toru AKAURA
2.20%
7
STATE STREET BANK AND TRUST COMPANY 505019 (Standing Proxy: Mizuho Bank, Ltd.)
2.04%
8
Development Bank of Japan Inc.
1.93%
9
IF GROWTH OPPORTUNITY FUND 1, L.P. (Standing Proxy: SMBC Nikko Securities Inc.)
1.46%
10
Sumitomo Mitsui Trust Bank, Limited
1.35%
Management
10 officers
Takeshi HAKAMATA
Representative Director, CEO
Sep 2006 Joined Masai Japan K.K. (currently Aiming Japan K.K.) Sep 2010 Established White Label Space Japan LLC (currently ispace, Inc.), Representative Member May 2013 Representative Director, CEO, ispace, Inc. (current) Mar 2015 Director, ispace technologies, inc. Sep 2016 President, ispace technologies U.S., inc. (current) Mar 2017 Director, ispace EUROPE S.A. (current) Jul 2021 Representative Director, ispace Japan K.K. (currently ispace Ops Japan K.K.) (current)
1979-09-03
Junpei NOZAKI
Director, CFO
Apr 2005 Joined Merrill Lynch Japan Securities Co., Ltd. (currently BofA Securities Japan Co., Ltd.) Jan 2015 Director, General Industries Group, Investment Banking Division, Merrill Lynch Japan Securities Co., Ltd. Apr 2017 Joined ispace, Inc. Apr 2017 EVP, Finance Control, ispace, Inc. Dec 2018 Director, CFO, ispace, Inc. Mar 2019 Director, ispace EUROPE S.A. (current) Jul 2021 Director, ispace Japan K.K. (current) Jun 2023 Director, ispace technologies U.S., inc. (current) Nov 2024 Director, CFO, and Executive, Business Management, ispace, Inc. (current)
1980-06-10
Toru AKAURA
Director
Apr 1991 Joined Nihon Godo Finance Co., Ltd. (currently Jafco Group Co., Ltd.) Oct 1999 General Partner, Incubate Capital Partners Mar 2000 Outside Director, S-Pool, Inc. (current) Jun 2005 Outside Director, jig.jp Inc. (current) Aug 2007 Director, Sansan, Inc. Sep 2010 Representative Director, Incubate Fund, Inc. (current) Oct 2014 Audit & Supervisory Board Member, Double Standard Inc. Aug 2015 Director (Audit and Supervisory Committee Member), Sansan, Inc. (current) Mar 2017 Representative Director, IF Holdings Inc. (current) Dec 2017 Outside Director, ispace, Inc. (current) Jul 2019 Chairman, Japan Venture Capital Association Jun 2021 Director, Double Standard Inc. (current) Jun 2021 Outside Director, Space BD Inc. (current) Jul 2023 Special Advisor, Japan Venture Capital Association (current)
1968-08-07
Koichi KAWANA
Director
Apr 1982 Joined JGC Corporation (currently JGC Holdings Corporation) Aug 2007 Executive Officer, Head of New Business Development Division, Business Development Group, JGC Corporation Jul 2009 Managing Director, Head of Business Development Group, JGC Corporation Jul 2010 Director and Executive Vice President, JGC Corporation Jul 2011 President and Chief Operating Officer (COO), JGC Corporation Jun 2012 President, JGC Corporation Jun 2017 Director and Vice Chairman, JGC Corporation Jun 2018 Vice Chairman, JGC Corporation Jun 2019 Outside Director, Tokyo Electron Device Limited Jun 2019 Outside Director, Bandai Namco Holdings Inc. Jun 2019 Outside Director, Comsys Holdings Corporation Jun 2020 Outside Director, Renova, Inc. Dec 2020 Outside Director, ispace, Inc. (current) Apr 2021 Representative Director, Lubrist K.K. (current) Mar 2023 Outside Director, Kubota Corporation (current) Jun 2023 Chairman of the Board (non-executive, non-operating), Renova, Inc. (current) Jun 2026 Outside Director, Eisai Co., Ltd. (current)
1958-04-23
Kazuko NAKATA
Director
Apr 1987 Joined Dentsu Young & Rubicam Inc. Jan 1997 Joined Starbucks Coffee Japan, Ltd. Jan 2005 Joined GABA Co., Ltd. Apr 2008 Joined Lifenet Insurance Company Apr 2011 Managing Director, Lifenet Insurance Company May 2019 Outside Director, Money Square Inc. Dec 2019 Outside Director, Advance Create Co., Ltd. Mar 2020 Representative Director, Actuary Inc. (current) Jun 2021 Outside Director, Forum Engineering, Inc. (current) Jul 2021 Outside Audit & Supervisory Board Member, ispace, Inc. Jun 2022 Outside Director, ispace, Inc. (current) Dec 2023 Outside Director, Enito Group Co., Ltd. (current)
1965-01-15
Kojiro HATADA
Director
Apr 2004 Joined Ministry of Economy, Trade and Industry Jun 2012 Seconded to Ministry of Foreign Affairs, Mission of Japan to the European Union (concurrently Embassy of Japan in the Kingdom of Belgium) Jul 2015 Seconded to Cabinet Office, Space Strategy Office (currently Secretariat for Space Development Strategy Promotion) Jul 2018 Joined Digital Hearts Holdings Co., Ltd. Oct 2019 Representative Director, Digital Hearts Plus Co., Ltd. Oct 2021 Outside Director, ARKEDGE SPACE, Inc. (current) May 2022 Director, Digital Hearts Plus Co., Ltd. May 2022 Representative Director, Future Space Transportation System Inc. (established) (current) Jun 2022 Outside Director, ispace, Inc. (current)
1979-05-18
Takashi MAKINO
Director
Jul 1989 Joined Nissan Motor Co., Ltd. Jul 2000 Joined Ishikawajima-Harima Heavy Industries Co., Ltd. (currently IHI Corporation) through business transfer Apr 2011 Executive Director, IHI Corporation Jun 2012 Director, IHI Aerospace Co., Ltd. Jul 2015 Executive Officer, IHI Corporation Jun 2016 Managing Director, IHI Aerospace Co., Ltd. Jun 2017 President and Representative Director, IHI Aerospace Co., Ltd. Jul 2021 Advisor, IHI Aerospace Co., Ltd. (current) Apr 2022 Advisor, IHI Corporation Jun 2022 Outside Director, ispace, Inc. (current) Apr 2024 Executive Director, Aerospace, Defense and Space Business Area, IHI Corporation (current)
1957-08-15
Yuji INOUE
Audit & Supervisory Board Member
Apr 1977 Joined Mitsubishi Heavy Industries, Ltd. Apr 2002 Deputy General Manager, Accounting Department, Head Office, Mitsubishi Heavy Industries, Ltd. Jan 2009 Deputy General Manager, Special Vehicles and General-Purpose Machinery Business Division, Mitsubishi Heavy Industries, Ltd. Jun 2014 Audit & Supervisory Board Member, M.H.I. Finance Co., Ltd. Aug 2018 Joined ispace, Inc. Aug 2018 General Manager, Internal Audit Office, ispace, Inc. Mar 2020 Audit & Supervisory Board Member, ispace, Inc. (current) Jul 2021 Audit & Supervisory Board Member, ispace Japan K.K. (currently ispace Ops Japan K.K.)
1954-01-10
Yoshihide TODOROKI
Audit & Supervisory Board Member
Oct 1989 Joined Asahi Shinwa Accounting Firm (currently Azsa LLC) Mar 1993 Registered as Certified Public Accountant May 2002 Member (currently Partner), Asahi Shinwa Accounting Firm May 2007 Representative Member (currently Partner), Asahi Shinwa Accounting Firm May 2021 Director, General Research Forum (Incorporated Association) (current) Jul 2021 Opened Todoroki Certified Public Accountant Office, Representative (current) Sep 2021 Outside Audit & Supervisory Board Member, MICIN Inc. (current) Oct 2021 Director, Duushi Minanushima Co., Ltd. Apr 2022 Audit & Supervisory Board Member, MICIN Insurance Co., Ltd. (current) Jun 2022 Outside Audit & Supervisory Board Member, ispace, Inc. (current) Nov 2024 Outside Audit & Supervisory Board Member, ZenmuTech Inc. May 2025 Partner and CSO, Crafts Audit Corporation (current) Mar 2026 Outside Director (Audit and Supervisory Committee Member), ZenmuTech Inc. (current)
1964-08-17
Aisa NAITO
Audit & Supervisory Board Member
Oct 2001 Joined Nagashima Ohno & Tsunematsu May 2008 Registered as Attorney-at-Law, New York State, USA Jun 2011 Joined Tanabe & Partners Apr 2013 Partner, Tanabe & Partners (current) Jun 2020 Outside Director, Nitto Boseki Co., Ltd. (current) Aug 2021 Outside Director (Audit and Supervisory Committee Member), BOOKOFF GROUP HOLDINGS LIMITED Jun 2022 Supervisory Director, GLP J-REIT (current) Apr 2023 Member, Research Ethics Review Committee, Tokyo Foundation for Policy Research (current) Jun 2023 Outside Audit & Supervisory Board Member, ispace, Inc. (current) Feb 2026 Outside Audit & Supervisory Board Member, Tokyo Tanshi Co., Ltd. (current)
1976-10-02
Large Shareholding Reports
Toru AKAURA
2026-04-30
6.98%→6.30%
Annual report (as of 2026-03-31): 2.20%
Takeshi HAKAMADA
2026-03-09
11.32%→8.21%
Annual report (as of 2026-03-31): 8.21%
Heights Capital Management, Inc.
2026-03-06
8.98%→7.07%
Heights Capital Management, Inc.
2026-03-04
8.98%→8.98%
Heights Capital Management, Inc.
2026-03-02
9.10%→8.98%
Heights Capital Management, Inc.
2025-10-29
12.00%→9.10%
Toru AKAURA
2025-10-28
9.25%→6.98%
Annual report (as of 2026-03-31): 2.20%
Takeshi HAKAMADA
2025-10-22
12.86%→11.32%
Annual report (as of 2026-03-31): 8.21%
Toru AKAURA
2025-10-21
10.53%→9.25%
Annual report (as of 2026-03-31): 2.20%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-06-03
株主総会招集通知
EDINET
2026-04-30
Large Shareholding Report
EDINET
2026-03-09
Large Shareholding Report
EDINET
2026-03-06
Large Shareholding Report
EDINET
2026-03-04
Large Shareholding Report
EDINET
2026-03-02
Large Shareholding Report
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-29
Large Shareholding Report
EDINET
2025-10-28
Large Shareholding Report
EDINET
2025-10-22
Large Shareholding Report
EDINET
2025-10-21
Large Shareholding Report
EDINETAmended
2025-10-15
Amended Securities Registration Statement
EDINETAmended
2025-10-15
Amended Securities Registration Statement
TDnet
2025-10-06
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-10-06
Securities Registration Statement
EDINET
2025-10-06
Securities Registration Statement
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-12-13
Securities Registration Statement
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
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