Overview
Information & Communication

WirelessGate,Inc.

WirelessGate provides wireless broadband services in Japan, including public Wi-Fi access across approximately 40,000 hotspots nationwide (stations, airports, cafes, and commercial facilities) as well as mobile internet services combining WiMAX2+, au 4G LTE, and au 5G networks. The company operates a subscription-based recurring revenue model (Wireless Remote Service) targeting individual consumers, primarily distributed through consumer electronics retailers, mobile phone shops, and its own e-commerce channels. Since 2024, the company has expanded into a Digital Marketing business centered on prepaid e-SIM products for inbound tourists to Japan, alongside cross-selling of digital goods and direct-sales WiMAX services.

Market Cap
US$20.4M
¥3.26B
EV
US$13.7M
¥2.18B
StockUS$1.88(¥300)▲+0.00%
US$1 = ¥159.70 (2026-11-12)
LTM EV/EBITDA
5.8
x
LTM EV/EBIT
8.5
x
LTM PER
11.1
x
LTM PBR
1.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-2.9%pt
100
Nov 13, 25 – Nov 13, 26StockTOPIX
MC → EV Bridge
US$20.4M¥3.26BMarket CapUS$5.15M¥0.82B+ DebtUS$11.7M¥1.86B− CashUS$0.27M¥0.04B− Inv. Sec.US$13.7M¥2.18BEV
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Performance & Balance
Revenue 5Y (US$)
US$61.2M¥9.78B'21/12US$53.4M¥8.53B'22/12US$53.1M¥8.48B'23/12US$53.0M¥8.46B'24/12US$52.3M¥8.35B'25/12
EBITDA 5Y (US$)
-US$1.51M¥-0.24B'21/12US$1.32M¥0.21B'22/12US$1.49M¥0.24B'23/12US$1.98M¥0.32B'24/12US$1.13M¥0.18B'25/12
Net Income 5Y (US$)
-US$2.43M¥-0.39B'21/12US$0.16M¥0.03B'22/12US$1.51M¥0.24B'23/12US$1.77M¥0.28B'24/12US$1.76M¥0.28B'25/12
Capital Structure
67%
33%
EquityD/E 0.49xDebt
Liquidity vs Debt 5Y (US$)▲ Net Cash
CashInv. Sec.Debt
US$11.1M¥1.78BUS$4.33M¥0.69B'21/12US$9.00M¥1.44BUS$3.70M¥0.59B'22/12US$11.6M¥1.85BUS$3.13M¥0.50B'23/12US$11.8M¥1.89BUS$1.88M¥0.30B'24/12US$10.8M¥1.73BUS$5.90M¥0.94B'25/12
Shareholders
Top 10 hold 46.3%
1
Yodobashi Camera Co., Ltd.
13.02%
2
UH Partners 2 Investment Limited Partnership
7.54%
3
Hikari Tsushin, Inc. Investment Limited Partnership
6.51%
4
Life in 24 Group Co., Ltd.
5.46%
5
Takehiro IKEDA
4.56%
6
Showa FUJISAWA
3.68%
7
Minoru HARADA
1.97%
8
Masayuki OBATA
1.61%
9
HIKARI TSUSHIN,INC.
1.00%
10
WRI Solution Co., Ltd.
0.90%
Management
5 officers
Toru NARITA
Representative Director, CEO
Born Jan 1975 Apr 1998 Joined DDI Pocket, Inc. (currently SoftBank Corp.) Oct 2010 Joined Tripletgate Inc. (currently the Company) Nov 2012 Director, Wireless Marketing Lab Inc. Oct 2014 Head of Sales Division, the Company Mar 2015 Executive Officer, Head of Sales Division, the Company Mar 2020 Director, Executive Officer, Head of Sales Division, the Company Apr 2021 Director, Executive Officer, Head of Sales Division and Head of New Business Division, the Company Oct 2023 Director, COO, Executive Officer, Head of Sales Division and Head of New Business Division, the Company Mar 2024 Representative Director, CEO, the Company (current)
1975-01-30
Minoru HARADA
Director, COO and CFO
Born Jul 1965 Apr 1990 Joined Manufacturers Hanover Bank (currently JPMorgan Chase Bank) Jan 1997 Joined NEC Research Institute, Ltd. (currently NEC Business Intelligence, Ltd.) Oct 1998 Joined Lycos Japan K.K. (currently Rakuten Group, Inc.) Nov 1999 Joined Livedoor Co., Ltd. (currently NHN Techorus Corp.) Jun 2000 Joined C-Pro Co., Ltd. as Senior Managing Director, COO Jan 2004 Established Tripletgate Inc. (currently the Company), Director Dec 2010 Director, COO, Head of Sales and Marketing Group, Tripletgate Inc. (currently the Company) Nov 2012 Representative Director, Wireless Marketing Lab Inc. Mar 2014 Retired as Director, COO, the Company Mar 2015 Director, CAO, the Company Mar 2016 Outside Director, Fon Japan K.K. Sep 2016 Audit & Supervisory Board Member, LTE-X Inc. (currently closip Inc.) Mar 2018 Director, LTE-X Inc. (currently closip Inc.) Oct 2018 Director, CFO and CAO, the Company Mar 2020 Director, CAO, the Company Mar 2022 Director, CFO and CAO, the Company Mar 2024 Director, COO and CFO, the Company (current)
1965-07-19
Yasuhiro NISHI
Director (Audit and Supervisory Committee Member)
Born May 1959 Apr 1982 Joined The Industrial Bank of Japan, Ltd. (currently Mizuho Bank, Ltd.) Jun 1999 Director, Internet Initiative Japan Inc. Mar 2005 Director, Aucnet Inc. Mar 2009 Director, Vice President, Nihon Verisign K.K. (currently DigiCert Japan G.K.) Mar 2012 Executive Officer, Japan Display Inc. Aug 2015 Director, TAK-Circulator Co., Ltd. (currently MySkin Co., Ltd.) Mar 2016 Outside Director (Audit and Supervisory Committee Member), the Company (current) Jan 2017 Representative Director, TAK-Circulator Co., Ltd. (currently MySkin Co., Ltd.) (current) Apr 2022 Representative Director, TAK-Circulator Co., Ltd. Aug 2023 Director, TAK-Circulator Co., Ltd. (current)
1959-05-08
Tatsuo WATANABE
Director (Audit and Supervisory Committee Member)
Born Jun 1964 Apr 1987 Joined Sumitomo Life Insurance Company Jun 2001 Director, Sitedesign Inc. Jun 2004 Full-time Audit & Supervisory Board Member, All About Inc. Jun 2004 Audit & Supervisory Board Member, SD Holdings Inc. Mar 2005 Audit & Supervisory Board Member, Design Exchange Inc. Jun 2007 Director, Wave Lock Holdings Inc. Jun 2007 Audit & Supervisory Board Member, HR Solutions Inc. Mar 2012 Outside Director, the Company Jun 2014 Retired as Outside Director, the Company Jun 2014 Audit & Supervisory Board Member, All About Life Marketing Inc. (current) Jun 2014 Audit & Supervisory Board Member, All About Life Works Inc. Sep 2014 Outside Director, Internet Infinity Inc. Mar 2015 Outside Director, the Company Mar 2016 Outside Director (Audit and Supervisory Committee Member), the Company (current) Aug 2016 Outside Director, Hoshino Inc. Mar 2018 Audit & Supervisory Board Member, LTE-X Inc. (currently closip Inc.) Jun 2020 Audit & Supervisory Board Member, Internet Infinity Inc. (current) Jun 2020 Outside Director, Selm Inc. Mar 2021 Outside Director, ORJ Inc. (currently BREXA CrossBorder Inc.) Mar 2023 Outside Director, CAC Holdings Inc. (current) Jun 2023 Outside Director (Audit and Supervisory Committee Member), All About Inc. (current) Jun 2023 Outside Director (Audit and Supervisory Committee Member), Selm Inc. (current)
1964-06-11
Marie EGUCHI
Director (Audit and Supervisory Committee Member)
Born Sep 1985 Dec 2011 Registered as Attorney-at-Law Jan 2012 Joined Atsumi & Sakai Foreign Law Joint Enterprise Jul 2014 Joined Iwata Godo Mar 2021 Outside Director (Audit and Supervisory Committee Member), the Company (current) Nov 2022 Outside Director (Audit and Supervisory Committee Member), Saizeriya Co., Ltd. (current) May 2024 Outside Director (Audit and Supervisory Committee Member), Igarashi Electric Works Co., Ltd. (current) Jul 2024 Partner Attorney, Iwata Godo (current)
1985-09-28
Large Shareholding Reports
UH Partners 2 Co., Ltd.
2026-01-30
6.69%→7.50%
Koutsushin Co., Ltd.
2026-01-09
7.48%→7.48%
Annual report (as of 2026-06-30): 1.00%
Koutsushin Co., Ltd.
2025-09-29
7.48%→7.48%
Annual report (as of 2026-06-30): 1.00%
Koutsushin Co., Ltd.
2025-08-18
7.48%→7.48%
Annual report (as of 2026-06-30): 1.00%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-11-13
Q3 Earnings Flash
FY ending Dec 2026
TDnet
2026-08-13
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-13
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-05-13
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-24
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2026-02-13
業績予想の修正
TDnet
2026-02-13
Full-Year Earnings Flash
FY ending Dec 2025
TDnet
2026-02-12
業績予想の修正
EDINET
2026-01-30
Large Shareholding Report
EDINET
2026-01-09
Large Shareholding Report
TDnet
2025-11-13
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-09-29
Large Shareholding Report
EDINET
2025-08-18
Large Shareholding Report
EDINET
2025-08-14
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-13
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-25
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-14
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-13
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-26
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-28
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-24
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-05-13
Quarterly Securities Report
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