Overview
Information & Communication

Bell-Park Co.,Ltd.

Bellpark operates a network of carrier shops across Japan, functioning as an authorized agent for major mobile network operators including SoftBank, au (KDDI), NTT Docomo, and Y!mobile. As of December 31, 2024, the group directly operates 280 carrier shops, with an additional 53 franchise stores run by sub-agents under re-consignment agreements. In addition to its retail carrier shop business, the company provides corporate solutions including mobile communication service contracts, cloud services, and security-related products for business clients.

Market Cap
US$231M
¥36.9B
EV
US$97.7M
¥15.6B
StockUS$18.88(¥3,015)▲+0.53%
US$1 = ¥159.70 (2026-11-12)
LTM EV/EBITDA
1.9
x
LTM EV/EBIT
2.0
x
LTM PER
6.5
x
LTM PBR
1.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-4.1%pt
100
Nov 13, 25 – Nov 13, 26StockTOPIX
MC → EV Bridge
US$231M¥36.9BMarket CapUS$0.22M¥0.04B+ DebtUS$110M¥17.5B− CashUS$23.9M¥3.82B− Inv. Sec.US$97.7M¥15.6BEV
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Performance & Balance
Revenue 5Y (US$)
US$672M¥107B'21/12US$644M¥103B'22/12US$723M¥115B'23/12US$727M¥116B'24/12US$810M¥129B'25/12
EBITDA 5Y (US$)
US$32.3M¥5.16B'21/12US$25.1M¥4.01B'22/12US$24.7M¥3.94B'23/12US$28.7M¥4.59B'24/12US$38.5M¥6.14B'25/12
Net Income 5Y (US$)
US$20.5M¥3.28B'21/12US$15.8M¥2.52B'22/12US$14.9M¥2.38B'23/12US$19.9M¥3.18B'24/12US$25.8M¥4.13B'25/12
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (US$)▲ Net Cash
CashInv. Sec.Debt
US$116M¥18.5BUS$0.09M¥0.01B'21/12US$111M¥17.8B'22/12US$137M¥21.9BUS$0.56M¥0.09B'23/12US$152M¥24.3BUS$0.44M¥0.07B'24/12US$109M¥17.4BUS$0.31M¥0.05B'25/12
Shareholders
Top 10 hold 86.9%
1
Olive Glass Co., Ltd.
32.40%
2
Nihon Business Development Co., Ltd.
10.91%
3
Ivy Investment Limited Partnership (General Partner: Ivy Co., Ltd.)
7.78%
4
NOI Investment Limited Partnership (General Partner: NOI Co., Ltd.)
7.78%
5
UH Partners 3 Investment Limited Partnership (General Partner: UH Partners 3 Co., Ltd.)
7.78%
6
UH Partners 2 Investment Limited Partnership (General Partner: UH Partners 2 Co., Ltd.)
7.78%
7
SoftBank Corp.
5.85%
8
Takeshi NISHIKAWA
2.99%
9
HIKARI TSUSHIN,INC.
1.84%
10
Hikari Tsushin KK Investment Limited Partnership (General Partner: Hikari Tsushin, Inc.)
1.79%
Management
9 officers
Takeshi NISHIKAWA
Representative Director, Chairman
Feb 1993 Corporate Auditor of the Company Apr 1995 Representative Director, Executive Vice President of the Company Feb 1996 Representative Director, President of the Company Feb 2014 Representative Director, President, OC Mobile Co., Ltd. (currently Bell Park Next Co., Ltd.) Dec 2014 Vice Chairman, Zenkoku Keitai Denwa Hanbai Dairiten Kyokai (National Association of Mobile Phone Sales Agencies) (current) Apr 2024 Representative Director, Chairman of the Company (current) Feb 2026 Representative Director, Chairman, Bell Park Next Co., Ltd. (current)
1956-11-05
Kento NISHIKAWA
Representative Director, President
Apr 2011 Joined Sompo Japan Insurance Inc. (currently Sompo Japan Inc.) Apr 2019 Joined the Company; Director, Nihon Business Development Co., Ltd. Apr 2020 Representative Director, President, Nihon Business Development Co., Ltd. Mar 2021 Director of the Company Apr 2021 Director, General Manager of Business Development Office of the Company Sep 2022 Established Olive Glass Co., Ltd.; Representative Director (current) Jan 2023 Representative Director, Chairman, Nihon Business Development Co., Ltd. (current) Apr 2023 Managing Director, in charge of Sales and Business Development of the Company Apr 2024 Representative Director, President of the Company (current) Feb 2026 Representative Director, President, Bell Park Next Co., Ltd. (current)
1987-10-21
Tomonori OTO
Director, General Manager of Sales Division
Jun 2005 Joined the Company Feb 2013 General Manager, Direct Store Sales Department, Sales Division of the Company Feb 2015 General Manager, SoftBank Business Department, Sales Division of the Company Apr 2016 Department Manager, Sales Division of the Company Mar 2018 Director, Department Manager, Sales Division of the Company Feb 2020 Director, Deputy General Manager of Sales Division of the Company Oct 2025 Director, General Manager of Sales Division of the Company (current)
1974-03-27
Masaya YOSHIZAWA
Director, General Manager of Corporate Planning Department
Oct 2003 Joined the Company Jul 2011 Department Manager, Administration Division; Manager, Sales Management Department, Sales Division of the Company Feb 2014 General Manager, General Affairs and Human Resources Department, Administration Division; Manager, Sales Management Department, Sales Division of the Company Sep 2015 General Manager, Corporate Planning Department, Administration Division; Manager, Sales Management Department, Sales Division of the Company Oct 2015 General Manager, Corporate Planning Department, Administration Division of the Company Aug 2016 Representative Director, Bell Bride Co., Ltd. (current) Mar 2026 Director, General Manager of Corporate Planning Department of the Company (current)
1980-04-24
Rikako OONISHI
Director
Apr 1997 Joined The Nippon Long-Term Credit Bank, Ltd. (currently SBI Shinsei Bank, Limited) Oct 2002 Founded Partner Staff Co., Ltd. (currently Kotora Inc.); Representative Director (current) Mar 2017 Outside Director of the Company (current) Jun 2019 Outside Director, Towa Bank, Ltd. Dec 2021 Outside Director, Keystone Partners Inc. (current) Apr 2022 Outside Director (Audit and Supervisory Committee Member), Material Group Co., Ltd. Mar 2023 Outside Director, Mercuria Holdings Co., Ltd. (current)
1974-06-16
Oleg ZHURAVLEV
Director
Feb 1998 Joined Fidelity Investment Trust Co., Ltd. Jan 2003 Joined Gartmore Asset Management Co., Ltd. Feb 2009 Founded Shared Research Co., Ltd.; Representative Director Mar 2013 Outside Director of the Company Mar 2014 Outside Director, Legs Co., Ltd. (currently CL Holdings Co., Ltd.) Oct 2016 Representative Director, Chairman, Shared Research Co., Ltd. (current) Mar 2022 Outside Director of the Company (current)
1972-05-08
Satoshi FUJII
Full-time Corporate Auditor
Apr 1985 Joined The Mitsui Bank, Limited (currently Sumitomo Mitsui Banking Corporation) Apr 2008 Deputy General Manager, Global Advisory Department, Sumitomo Mitsui Banking Corporation Apr 2011 Senior Examiner, International Business Audit Group, Audit Department, Sumitomo Mitsui Banking Corporation Aug 2016 Joined Square Enix Holdings Co., Ltd.; General Manager, Group Internal Audit Office Jan 2023 Temporary Corporate Auditor of the Company Mar 2023 Full-time Outside Corporate Auditor of the Company (current) Auditor, Bell Park Next Co., Ltd. (current)
1960-10-11
Takahisa YAMAKAWA
Corporate Auditor
Apr 1981 Joined the Legislative Bureau of the House of Representatives Apr 1985 Registered as attorney-at-law; joined Ishihara Sogo Law Office Mar 2001 Outside Corporate Auditor of the Company (current) Mar 2002 Established Lunes Sogo Law Office (current) May 2011 Outside Corporate Auditor, Ministop Co., Ltd. May 2015 Outside Director, Ministop Co., Ltd. Jun 2015 Outside Director, Kawada Technologies, Inc. (current)
1956-12-28
Makoto SATO
Corporate Auditor
Apr 1972 Joined Sumitomo Corporation Apr 2002 Managing Officer, Automotive Business Division, Sumitomo Corporation Apr 2003 Executive Officer, General Manager, Automotive Business Division, Sumitomo Corporation Apr 2006 Managing Executive Officer, General Manager, Automotive Business Division No. 1, Sumitomo Corporation Apr 2009 Advisor, Sumitomo Corporation Jun 2009 Representative Director, President and CEO, Sumitomo Mitsui Auto Service Co., Ltd. Jun 2013 Special Advisor, Sumitomo Mitsui Auto Service Co., Ltd. Jun 2014 Outside Director, Jutec Holdings Co., Ltd. (currently Geolive Group Co., Ltd.) (current) Mar 2019 Outside Corporate Auditor of the Company Jan 2023 Full-time Outside Corporate Auditor of the Company Mar 2023 Outside Corporate Auditor of the Company (current)
1948-08-05
Large Shareholding Reports
UH Partners 2, Inc.
2026-10-15
7.78%→7.78%
IVY Co., Ltd.
2026-02-26
7.78%→7.78%
Olive Glass Co., Ltd.
2025-12-26
9.48%→32.39%
Annual report (as of 2026-06-30): 32.40%
NOI Co., Ltd.
2025-12-23
7.78%→7.78%
Takeshi NISHIKAWA
2025-12-18
15.70%→25.91%
Annual report (as of 2026-06-30): 2.99%
UH Partners 2 Co., Ltd.
2025-09-29
7.78%→7.78%
IVY Co., Ltd.
2025-09-10
4.71%→7.78%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-11-06
Q3 Earnings Flash
FY ending Dec 2026
EDINET
2026-10-15
Large Shareholding Report
EDINET
2026-08-06
Semi-Annual Securities Report
Period: Jan 2026 – Jun 2026
TDnet
2026-08-06
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-07-28
業績予想の修正
FY ending Dec 2026
TDnet
2026-05-12
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-25
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2026-02-27
株主総会招集通知
EDINET
2026-02-26
Large Shareholding Report
TDnet
2026-02-12
Full-Year Earnings Flash
FY ending Dec 2025
TDnet
2026-01-30
業績予想の修正
EDINET
2025-12-26
Large Shareholding Report
EDINET
2025-12-23
Large Shareholding Report
EDINET
2025-12-18
Large Shareholding Report
TDnet
2025-11-07
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-09-29
Large Shareholding Report
EDINET
2025-09-10
Large Shareholding Report
EDINET
2025-08-06
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-09
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-26
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-08
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-10
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-22
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-07
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-07
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-11
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-23
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-07
Quarterly Securities Report
EDINET
2022-08-04
Quarterly Securities Report
EDINET
2022-05-12
Quarterly Securities Report
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