Overview
Information & Communication

Shobunsha Holdings,Inc.

Shobunsha Holdings operates through four business segments: Media (publication and sale of printed maps, travel guidebooks, e-books, and apps under the 'Mapple' brand, along with magazine and web advertising and licensing of brand/trademark rights), Solutions (sale of proprietary map and guide databases and related system products/solutions through subsidiary Mapple Co., Ltd.), Sales Agency (acting as a contract window for government and public sector clients outsourcing data production work, earning commission income), and Real Estate (effective utilization of the group's tangible fixed assets including land and buildings). The group leverages its core competency in geographic and travel guide database assets accumulated over six decades of map publishing.

Market Cap
¥9.70B
US$61.8M
EV
¥0.18B
US$1.14M
Stock¥539▲+0.94%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
0.3
x
LTM EV/EBIT
0.3
x
LTM PER
8.0
x
LTM PBR
0.7
x
2026-08-25 closing price basis: ranked #145 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-0B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+5.5%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
9.70BUS$61.8MMarket Cap0.49BUS$3.11M+ Debt6.80BUS$43.3M− Cash3.26BUS$20.7M− Inv. Sec.0.05BUS$0.32M+ NCI0.18BUS$1.14MEV
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Performance & Balance
Revenue 5Y (¥B)
4.62US$29.4M'22/35.55US$35.4M'23/36.41US$40.8M'24/36.26US$39.8M'25/36.73US$42.8M'26/3
EBITDA 5Y (¥B)
-1.21-US$7.71M'22/30.29US$1.84M'23/30.59US$3.75M'24/30.33US$2.12M'25/30.66US$4.22M'26/3
Net Income 5Y (¥B)
-1.58-US$10.0M'22/30.03US$0.19M'23/31.77US$11.3M'24/30.54US$3.44M'25/31.21US$7.70M'26/3
Capital Structure
97%
EquityD/E 0.03xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
6.21US$39.5M0.77US$4.90M'22/36.84US$43.6M0.77US$4.90M'23/38.95US$57.0M0.77US$4.90M'24/39.35US$59.5M0.64US$4.08M'25/39.53US$60.7M0.49US$3.13M'26/3
Shareholders
Top 10 hold 68.8%
1
MTI Ltd.
29.90%
2
MSE Co., Ltd.
19.02%
3
Shigeo KURODA
10.43%
4
Hikari Tsushin KK Investment Limited Liability Partnership
5.11%
5
Shobunsha Holdings,Inc. Employee Stock Ownership Association
1.16%
6
Founder Mapple Co., Ltd.
0.99%
7
UHPartners 2 Investment Limited Liability Partnership
0.70%
8
MUFG Bank, Ltd.
0.68%
9
Mitsubishi UFJ Trust and Banking Corporation
0.40%
10
Seiichi KAWAMURA
0.36%
Management
6 officers
Shigeo KURODA
Representative Director, President
Mar 1992 Joined the Company Jul 1998 General Manager, GIS Sales Division, the Company Mar 1999 Representative Director, President, N.S.T. Co., Ltd. Apr 1999 General Manager, Development Division, the Company Jun 1999 Director, General Manager, Development Division, the Company Dec 1999 Representative Director, President, KHK Investment Co., Ltd. Dec 2000 Director, General Manager, Digital Content Business Division, the Company Jun 2002 Managing Director, General Manager, Digital Content Business Division, the Company Dec 2002 Chairman and Representative Director, Nippon Computer Graphic Co., Ltd. (now SHOBUNSHA Creative Co., Ltd.) Jun 2004 Managing Director, the Company Oct 2005 Representative Director, President, the Company (current) May 2017 President, SHOBUNSHA HAWAII CORPORATION Jun 2017 President, SHOBUNSHA GUAM CORPORATION Jul 2017 Representative Director, President, Mapple Spring Co., Ltd. (current) Aug 2017 President, SHOBUNSHA SINGAPORE PTE. LTD. Dec 2017 Representative Director and Representative Executive Officer, the Company Oct 2019 Representative Director, Mapple Co., Ltd.
1965-07-10
Hiroyuki KATO
Director
Apr 2007 Joined the Company Dec 2017 Executive Officer, General Manager, Administration Division, the Company Apr 2019 Executive Officer, General Manager, General Administration Division, the Company Jan 2020 Director, General Manager, General Administration Division, the Company Apr 2020 Director, General Manager, Administration Division, the Company (current)
1974-06-20
Tsugunori UEHARA
Director
Sep 2014 Established Guruyaku Co., Ltd., Representative Director, President Mar 2016 Joined Travelers Co., Ltd. Feb 2017 Joined the Company Apr 2017 Executive Officer, General Manager, Digital Media Business Division, the Company Dec 2017 General Manager, President's Office, the Company Jun 2018 Director, the Company Sep 2018 President, GUAM OCEAN PARK CORPORATION (now MMS GUAM Corporation) Jun 2019 Managing Director, the Company Oct 2019 Representative Director, President, MEGURU Co., Ltd. (now BUYMA TRAVEL Co., Ltd.) (current) Jun 2021 Director, the Company (current)
1968-09-08
Shinma IIZUKA
Director (Audit and Supervisory Committee Member)
Mar 1986 Joined the Company Apr 2012 General Manager, Digital Content Sales Division, the Company Apr 2013 General Manager, Solution Sales Division, the Company Apr 2017 Director, SHOBUNSHA Creative Co., Ltd. Dec 2017 Internal Audit Office, the Company Jun 2018 Director (Audit and Supervisory Committee Member), the Company (current)
1962-11-26
Sosuke SEKI
Outside Director (Audit and Supervisory Committee Member)
Apr 1993 Registered as attorney-at-law Apr 1993 Joined Motobayashi, Aoki & Chiba Law Office Jun 2003 Audit & Supervisory Board Member, the Company Jan 2004 Opened Ginza Prime Law Office (current) Jun 2016 Outside Director (Audit and Supervisory Committee Member), the Company (current)
1966-06-29
Yuichiro KUWANO
Outside Director (Audit and Supervisory Committee Member)
Apr 1993 Registered as attorney-at-law Apr 1993 Joined Hamada & Matsumoto Law Office Sep 2003 Opened Kottoori Law Office Jun 2005 Audit & Supervisory Board Member, the Company Jun 2016 Outside Director (Audit and Supervisory Committee Member), the Company (current) Mar 2018 Opened Takagicho Law Office Sep 2024 Opened Tsurumakicho Law Office (current)
1966-05-18
Large Shareholding Reports
Koutsushin Co., Ltd.
2026-04-20
4.88%→5.07%
Koutsushin Co., Ltd.
2026-04-20
4.88%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Koutsushin Co., Ltd.
2025-10-20
4.88%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-04-20
Change Report
EDINET
2026-04-20
Large Shareholding Report
TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-10-20
Large Shareholding Report
TDnet
2025-08-04
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-05
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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