Overview
Services

Japaniace Co.,Ltd.

The company operates an advanced engineering business, providing onsite development support and contract development services primarily to clients in the IT/telecommunications and manufacturing (monozukuri) industries. Its four core technical domains are software, infrastructure, mechatronics, and electronics, with approximately 90% of engineers stationed at client sites participating in design and development projects. Since 2020, the company has expanded into emerging technology areas including AI, IoT, and cloud computing, with 13 offices across major Japanese cities and a dedicated contract development center (Yokohama Development Center) offering one-stop software and hardware development.

Market Cap
¥7.96B
US$50.8M
EV
¥5.31B
US$33.8M
Stock¥2,022▼-1.17%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.0
x
LTM EV/EBIT
6.2
x
LTM PER
11.5
x
LTM PBR
2.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-39.7%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jul 7, 26Q2 FY2026/11 earnings announced; Board approved share buyback
MC → EV Bridge
7.96BUS$50.8MMarket Cap0.15BUS$0.96M+ Debt2.77BUS$17.7M− Cash0.03BUS$0.19M− Inv. Sec.5.31BUS$33.8MEV
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Performance & Balance
Revenue 5Y (¥B)
7.24US$46.2M'21/118.32US$53.1M'22/119.89US$63.0M'23/1111.2US$71.5M'24/1112.1US$77.1M'25/11
EBITDA 5Y (¥B)
0.36US$2.29M'21/110.63US$3.99M'22/110.85US$5.43M'23/110.96US$6.14M'24/111.00US$6.37M'25/11
Net Income 5Y (¥B)
0.44US$2.82M'22/110.62US$3.93M'23/110.72US$4.60M'24/110.77US$4.88M'25/11
Capital Structure
96%
EquityD/E 0.05xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
1.72US$11.0M0.00US$0.01M'21/112.36US$15.1M0.00US$0.00M'22/112.69US$17.1M'23/113.02US$19.3M'24/113.72US$23.7M0.30US$1.91M'25/11
Shareholders
Top 10 hold 69.4%
1
West River Co., Ltd.
40.30%
2
Saburo NISHIKAWA
15.60%
3
Ryota MATSUSHIMA
3.00%
4
Akihiro NISHIKAWA
2.60%
5
Yu NISHIKAWA
2.60%
6
Kayoko NISHIKAWA
2.50%
7
NOMURA PB NOMINEES LIMITED OMNIBUS-MARGIN (CASHPB; Standing Proxy: Nomura Securities Co., Ltd.)
0.90%
8
Kenichi MARUYAMA
0.70%
9
DANSKE BANK A/S FINNISH CLIENTS (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
0.60%
10
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
0.60%
Management
8 officers
Saburo NISHIKAWA
Representative Director, Chairman and President
Apr 1973 Joined Chiyoda Life Insurance Mutual Company (currently Gibraltar Life Insurance Co., Ltd.) Oct 1991 Director, Head of Corporate Planning Office, Tokyo Machinery Co., Ltd. (currently TMC System Co., Ltd.) Oct 1992 Senior Managing Director and Representative Director, the same company Dec 1999 Founded the Company; Representative Director, President Dec 2018 Representative Director, Chairman of the Company Oct 2021 Representative Director, Chairman and President of the Company (current)
1948-04-08
Ryota MATSUSHIMA
Senior Managing Director, General Manager of Business Division
Apr 2002 Joined Toyo Shoji Co., Ltd. (currently Toyo Trusty Securities Co., Ltd.) Apr 2003 Joined Billion Counsel Ltd. Apr 2006 Joined the Company Dec 2011 General Manager, Human Resources Department, the Company Dec 2016 Director, Head of Corporate Planning Office and General Manager, Human Resources and General Affairs Department Dec 2017 Director, General Manager of Administration Division Dec 2018 Managing Director, General Manager of Administration Division Dec 2020 Senior Managing Director, General Manager of Administration Division Apr 2023 Senior Managing Director, General Manager of Business Division (current)
1977-06-13
Akihiro NISHIKAWA
Managing Director, General Manager of Administration Division
Apr 2004 Joined Sakurai Shokai Co., Ltd. Apr 2006 Joined the Company Dec 2016 General Manager, Sales Development Department, the Company Dec 2018 Director, General Manager of Sales Division Dec 2020 Director, General Manager of Business Division Dec 2021 Managing Director, General Manager of Business Division Apr 2023 Managing Director, General Manager of Administration Division (current)
1980-04-26
Shinichi MURAKAMI
Director, General Manager of Human Resources Development Division
Apr 2004 Joined Ito-gumi Doken Co., Ltd. Nov 2004 Joined ISF Net Inc. Jan 2007 General Manager, Technology Division, ISF Net Inc. Jan 2011 Deputy General Manager, Technology Division, ISF Net Inc. Jan 2013 Deputy General Manager, Sales Division and Deputy General Manager, Technology Division, ISF Net Inc. Sep 2013 Joined Pleiades Corporation Oct 2014 Joined the Company Dec 2018 Deputy General Manager, Sales Division, the Company Dec 2019 General Manager, Tokyo Branch, the Company Dec 2020 General Manager, Embedded Business Division, the Company Aug 2021 General Manager, Business Planning Department, the Company Oct 2021 Director, General Manager of Business Planning Department, the Company Dec 2022 Director, General Manager of Human Resources Development Division (current)
1981-01-11
Hidetoshi OSAWA
Director
Apr 1977 Joined Matsushita Electric Industrial Co., Ltd. (currently Panasonic Corporation) Apr 2000 General Manager, Planning Department, AVC Networks Company, Panasonic Corporation Apr 2007 Executive Officer, Panasonic Corporation Apr 2009 Executive Officer, General Manager of Corporate Communications Division, Panasonic Corporation Apr 2012 Executive Officer, Chief Representative for China and Northeast Asia, and Chairman, Matsushita China, Panasonic Corporation Apr 2013 Managing Executive Officer, Panasonic Corporation Apr 2017 Advisor, Panasonic Corporation Jul 2019 Director of the Company (current) Aug 2019 Director, Tokkyo Kiki Co., Ltd. (current) Jun 2020 Representative Director and Chairman, Japan China Economic and Trade Center (General Incorporated Association)
1953-07-14
Shuhei SAKUNO
Director (Audit and Supervisory Committee Member)
Apr 1977 Joined Yokogawa Electric Works, Ltd. (currently Yokogawa Electric Corporation) Oct 1997 Assistant General Manager, Budget Planning Section, Accounting Department, Yokogawa Electric Corporation Dec 1997 Section Manager, Component Business Division, Yokogawa Electric Corporation Oct 1999 Manager, Affiliated Companies Control Office, Yokogawa Electric Corporation Apr 2003 General Manager, Accounting and Finance Center, Management Division, Yokogawa Electric Corporation Apr 2005 Executive Officer, General Manager of Accounting and Finance Center, Yokogawa Electric Corporation Jun 2008 Managing Executive Officer, General Manager of Business Audit Division, Yokogawa Electric Corporation Apr 2014 Senior Advisor, Business Innovation Division, Yokogawa Electric Corporation Jun 2016 Audit & Supervisory Board Member, Yokogawa Solution Service Corporation Jun 2017 Audit & Supervisory Board Member, Kitz Corporation Oct 2019 Audit & Supervisory Board Member of the Company Mar 2024 Director, Kitz Corporation (current) Feb 2026 Director (Audit and Supervisory Committee Member) of the Company (current)
1954-02-17
Tatsuya NAGAKIYO
Director (Audit and Supervisory Committee Member)
Apr 1981 Joined Kokusai Denshin Denwa Co., Ltd. (currently KDDI Corporation) Sep 2000 Managing Director, KDDI Australia Pty Ltd Apr 2007 General Manager, Customer Information Management Audit Department, Risk Management Division, KDDI Corporation Apr 2010 General Manager, Internal Control Department, Risk Management Division, KDDI Corporation Jul 2011 Audit & Supervisory Board Member, Evolver Business Support Inc. (currently Altius Link Inc.) Jul 2013 Audit & Supervisory Board Member, Evolver Call Advance Inc. (currently Altius Link Inc.) Apr 2017 Audit & Supervisory Board Member, ARISE analytics Inc. Jun 2017 Audit & Supervisory Board Member, Japan Internet Exchange Inc. (currently JPIX Inc.) Aug 2017 Audit & Supervisory Board Member, SORACOM, Inc. Jul 2019 Audit & Supervisory Board Member, Creema, Ltd. Oct 2019 Audit & Supervisory Board Member of the Company May 2020 Audit & Supervisory Board Member, GeoCode Co., Ltd. Jun 2021 Audit & Supervisory Board Member, Dynamic Map Foundation Co., Ltd. (currently Dynamic Map Platform Co., Ltd.) Jun 2022 Director (Audit and Supervisory Committee Member), Perseus Proteomics Inc. (current) Jun 2023 Audit & Supervisory Board Member, B-Dot Medical Co., Ltd. (current) Feb 2026 Director (Audit and Supervisory Committee Member) of the Company (current)
1956-12-07
Michiko SAITO
Director (Audit and Supervisory Committee Member)
Apr 2000 Joined Citibank Japan Ltd. Dec 2009 Registered as attorney-at-law Dec 2009 Joined Nihon Odori Law Office (current) Feb 2022 Director of the Company Sep 2025 Audit & Supervisory Board Member, Gix Co., Ltd. (current) Feb 2026 Director (Audit and Supervisory Committee Member) of the Company (current)
1976-09-27
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-05
Q3 Earnings Flash
FY ending Nov 2026
EDINET
2026-07-07
Semi-Annual Securities Report
Period: Dec 2025 – Nov 2026
TDnet
2026-07-06
Q2 Earnings Flash
FY ending Nov 2026
TDnet
2026-04-06
Q1 Earnings Flash
FY ending Nov 2026
EDINET
2026-02-25
Annual Securities Report
Period: Dec 2024 – Nov 2025
TDnet
2025-10-06
Q3 Earnings Flash
FY ending Nov 2025
EDINET
2025-07-08
Semi-Annual Securities Report
Period: Dec 2024 – Nov 2025
TDnet
2025-04-07
Q1 Earnings Flash
FY ending Nov 2025
EDINET
2025-02-25
Annual Securities Report
Period: Dec 2023 – Nov 2024
EDINET
2024-07-09
Quarterly Securities Report
Period: Mar 2024 – May 2024
EDINET
2024-04-09
Quarterly Securities Report
Period: Dec 2023 – Feb 2024
EDINET
2024-02-27
Annual Securities Report
Period: Dec 2022 – Nov 2023
EDINET
2023-10-12
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-11
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-04-11
Quarterly Securities Report
Period: Dec 2022 – Feb 2023
EDINETAmended
2023-02-28
Amended Annual Securities Report
Period: Dec 2021 – Nov 2022
EDINET
2023-02-27
Annual Securities Report
Period: Dec 2021 – Nov 2022
EDINET
2022-10-12
Quarterly Securities Report
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