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Overview

Information & Communication

Forval RealStraight Inc.

Forval Realstraight provides comprehensive office relocation solutions for corporate clients, covering the full spectrum of needs from real estate brokerage and interior construction to IT infrastructure, office equipment, and furniture procurement. The company targets businesses undergoing office moves—a moment of peak solution demand—offering a one-stop service model under the brand 'FRS.' Its competitive strength lies in its integrated, end-to-end support capability that eliminates the need for clients to engage multiple vendors during relocation.

Market Cap

¥2.47B

US$15.8M

¥1.69B

US$10.8M

Stock¥102▲+0.00%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

7.9

LTM EV/EBIT

8.3

LTM PER

12.4

LTM PBR

3.6

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-27.7%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

100%

EquityD/E 0.00xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 58.5%

as of 2026-03-31 · Source: Annual Securities Report

FORVAL CORPORATION

51.16%

FRS Employee Stock Ownership Association

1.69%

Masaru ISHIHARA

1.14%

Koichiro IIJIMA

1.04%

Koji YOSHIDA

1.03%

Yutaka SAWAI

0.82%

Akiyoshi HABA

0.45%

Kenichi MIZOBUCHI

0.45%

Ayumu SATOMURA

0.37%

INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)

0.36%

Management

7 officers

Naoki HAGA

Representative Director, President

Apr 1997 Joined Forval Co., Ltd. Jul 2009 General Manager, Second Sales Division, the Company Apr 2017 General Manager, OC Sales Division, the Company Apr 2023 Executive Officer, General Manager, OC Sales Division, the Company Apr 2024 Executive Officer, General Manager, OC Business Division, the Company Jun 2024 Director, General Manager, OC Business Division, the Company Apr 2025 Representative Director, the Company (current)

1974-11-29

Ayumu SATOMURA

Managing Director, General Manager of Business Management Division

Apr 1995 Joined Forval Telecom Co., Ltd. Oct 2010 General Manager, Sales Division, Forval Telecom Co., Ltd. Aug 2014 General Manager, SI Sales Division, the Company Apr 2022 Executive Officer, General Manager, SI Sales Division, the Company Apr 2024 Executive Officer, General Manager, SI Business Division, the Company Jun 2024 Director, General Manager, SI Business Division, the Company Apr 2025 Managing Director, General Manager of Business Management Division, the Company (current)

1971-06-04

Shinichiro HAYAKAWA

Managing Director, General Manager of Administration Division

Apr 1998 Joined Laox Hinata Co., Ltd. Apr 2004 Joined the Company Apr 2009 General Manager, Accounting and Finance Division, the Company Jun 2009 Director, General Manager, Administration Division, the Company Oct 2015 Director, FRS Facilities Co., Ltd. Apr 2025 Managing Director, General Manager of Administration Division, the Company (current)

1972-08-31

Koji KATO

Director

Feb 1996 Joined Forval Co., Ltd. Apr 2003 General Manager, Accounting Division, Forval Co., Ltd. Jun 2006 Director, General Manager of Administration Division, Forval Co., Ltd. Jun 2007 Director, Forval Telecom Co., Ltd. Jun 2009 Director, the Company (current) Apr 2014 Managing Director, Forval Co., Ltd. (current) Aug 2014 Representative Director, President, Vancour Co., Ltd. (current)

1959-03-10

Shizuo MIURA

Director, Audit and Supervisory Committee Member

Mar 1988 Joined Forval Co., Ltd. Apr 2016 Joined the Company Apr 2016 Department Manager attached to Administration Division, the Company Jun 2016 Full-time Audit & Supervisory Board Member, the Company Jun 2022 Full-time Director, Audit and Supervisory Committee Member, the Company (current)

1958-12-16

Masayuki YOSHIKAWA

Director, Audit and Supervisory Committee Member

Oct 1974 Joined Chuo Accounting Office Audit Corporation Mar 1980 Registered as Certified Public Accountant Jun 1995 Senior Partner, Chuo Audit Corporation Aug 2007 Senior Partner, Taiyo ASG LLC (Audit Corporation) Aug 2012 Opened Yoshikawa Certified Public Accountant Office Jun 2015 Outside Audit & Supervisory Board Member, the Company Jun 2022 Director, Audit and Supervisory Committee Member, the Company (current)

1949-01-18

Kimishige NAGAI

Outside Director, Audit and Supervisory Committee Member

Dec 2010 Registered as Attorney at Law Jan 2011 Joined Authence Law Office Jul 2015 Joined Shiroyama Tower Law Office Mar 2017 Outside Audit & Supervisory Board Member, BALMUDA Inc. Feb 2018 Opened Nexeed Law Office (current) Jun 2021 Outside Audit & Supervisory Board Member, BASE Food Inc. Mar 2022 Outside Director, Audit and Supervisory Committee Member, BALMUDA Inc. (current) Jun 2022 Outside Director, Audit and Supervisory Committee Member, the Company (current) Nov 2024 Outside Audit & Supervisory Board Member, Ostearies Co., Ltd. (current) May 2025 Outside Director, Audit and Supervisory Committee Member, BASE Food Inc. (current) Sep 2025 Representative Director, Nexeed Consulting Co., Ltd. (current) Oct 2025 Registered as Certified Management Consultant

1982-08-01

Large Shareholding Reports

Forval Corporation

2026-04-03

54.91%→54.91%

Annual report (as of 2026-03-31): 51.16%

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-08-07

Q1 Earnings Flash

Forval RealStraight Inc.

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Forval RealStraight Inc.

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