Overview
Information & Communication

NSW Inc.

NSW Inc. is a Japanese IT solutions and services company operating across four business segments: Enterprise Solutions (IT systems for manufacturing, retail, logistics, financial, and public sectors), Service Solutions (IoT/AI services, cloud/infrastructure services, and proprietary data center operations), Embedded Solutions (embedded software development for automotive and industrial equipment), and Device Solutions (LSI/FPGA design and development for image processing and communications applications). The company serves a broad range of industries with end-to-end capabilities spanning system integration, cloud ERP, managed services, and semiconductor device design. Its competitive strengths lie in deep automotive and embedded technology expertise, proprietary data center infrastructure, and a growing DX-focused service portfolio.

Market Cap
¥40.2B
US$256M
EV
¥17.5B
US$112M
Stock¥2,696▼-0.70%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.1
x
LTM EV/EBIT
3.3
x
LTM PER
10.9
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-19.1%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
40.2BUS$256MMarket Cap0.15BUS$0.92M+ Debt16.8BUS$107M− Cash6.00BUS$38.3M− Inv. Sec.17.5BUS$112MEV
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Performance & Balance
Revenue 5Y (¥B)
43.5US$277M'22/346.2US$295M'23/350.3US$321M'24/350.0US$319M'25/352.4US$334M'26/3
EBITDA 5Y (¥B)
5.46US$34.8M'22/35.80US$37.0M'23/36.30US$40.2M'24/36.60US$42.1M'25/35.76US$36.7M'26/3
Net Income 5Y (¥B)
3.47US$22.1M'22/34.09US$26.1M'23/34.29US$27.3M'24/33.66US$23.4M'25/33.71US$23.7M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
15.2US$97.2M'22/315.5US$98.9M'23/319.6US$125M'24/320.7US$132M'25/321.7US$138M0.15US$0.92M'26/3
Shareholders
Top 10 hold 69.2%
1
Tada Corporation Co., Ltd.
33.55%
2
Osamu TADA
10.31%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.04%
4
STATE STREET BANK AND TRUST CLIENT OMNIBUS ACCOUNT OM02 505002 (Standing Proxy: Mizuho Bank, Ltd.)
3.17%
5
Hikari Tsushin KK Investment Limited Partnership (General Partner: Hikari Tsushin, Inc.)
3.08%
6
Nomura Trust and Banking Co., Ltd. (Investment Trust Account)
2.81%
7
Custody Bank of Japan, Ltd. (Trust Account)
2.70%
8
BNP PARIBAS LUXEMBOURG/2S/JASDEC/FIM/LUXEMBOURG FUNDS/UCITS ASSETS (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
2.38%
9
Shoji TADA
2.13%
10
Naoki TADA
2.01%
Management
10 officers
Shoji TADA
Representative Director, Chairman (CEO)
May 1989 Director, Nakaya Co., Ltd. Jul 1999 Senior Managing Director, Nakaya Co., Ltd. Sep 2002 Representative Director, President, NSW Hanbai Co., Ltd. (now NSS Co., Ltd.) Jun 2004 Director, the Company Jun 2006 Senior Managing Director, the Company; in charge of Strategic Planning Apr 2007 Director, the Company; General Manager, Corporate Planning Office Apr 2008 Representative Director, President, the Company Apr 2009 Director, Executive Officer, Executive Vice President, the Company; in charge of Sales Jun 2009 Representative Director, President, NSW Hanbai Co., Ltd. (now NSS Co., Ltd.) May 2011 Representative Director, President, Tada Corporation Co., Ltd. (current) Oct 2011 in charge of Sales and Strategy Office, the Company Apr 2013 Representative Director, Executive Officer, President, the Company Nov 2015 Representative Director, President, NSW Techno Service Co., Ltd. (now NSS Co., Ltd.) Jul 2025 Representative Director, President, Nakaya Co., Ltd. (current) Apr 2026 Representative Director, Chairman, the Company (current)
1969-05-14
Daisuke TAKEMURA
Representative Director, Executive Officer, President (COO); in charge of Service Solutions Business Division and Enterprise Solutions Business Division
May 2000 Joined Digital Headquarters Co., Ltd. Dec 2001 Joined the Company Apr 2011 General Manager, Cloud Solutions Department, Basic Solutions Division, IT Solutions Business Division, the Company Jan 2015 General Manager, Business Innovation Division, IT Solutions Business Division, the Company Apr 2018 Executive Officer; Deputy General Manager of Service Solutions Business Division and General Manager of Business Innovation Division, the Company Jun 2019 Managing Executive Officer; General Manager, Service Solutions Business Division, the Company Jun 2020 Director, Executive Officer, the Company Apr 2022 Director, Managing Executive Officer; in charge of Enterprise Solutions Business Division, the Company (current) Apr 2024 Director, Senior Managing Executive Officer, the Company Apr 2026 Representative Director, Executive Officer, President, the Company (current); in charge of Service Solutions Business Division (current)
1977-12-26
Noriyuki ABE
Director, Executive Officer, Executive Vice President; General Manager, Device Solutions Business Division and in charge of Embedded Solutions Business Division (CTO, CIO)
Apr 1987 Joined the Company Apr 2006 General Manager, Second System Logic Solutions Department, System Logic Technology Business Division, the Company Apr 2011 General Manager, Device Solutions Department, Product Solutions Business Division, the Company Apr 2017 Executive Officer; Deputy General Manager, Product Solutions Business Division, the Company Apr 2018 Managing Executive Officer; General Manager, Product Solutions Business Division, the Company Oct 2019 Chairman, Jingshi Kexin Information Technology (Beijing) Co., Ltd. (now Nsda Information Technology (Beijing) Co., Ltd.) Jun 2020 Director, Managing Executive Officer, the Company; in charge of IT Solutions Business Division Apr 2022 Director, Senior Managing Executive Officer; General Manager, Device Solutions Business Division, the Company (current); in charge of Embedded Solutions Business Division (current) Apr 2024 Director, Executive Vice President, the Company (current) Apr 2025 Representative Director, Executive Officer, President, NSS Co., Ltd. Apr 2026 Representative Director, President, NSW Solution Malaysia Sdn. Bhd. (current)
1965-03-05
Yuzuru SUGA
Director, Executive Officer, Executive Vice President; General Manager, Corporate Services Division (CFO, CHRO)
Apr 1987 Joined Fuji Bank, Ltd. (now Mizuho Bank, Ltd.) Jul 2008 Branch Manager, Toride Branch, Mizuho Bank, Ltd. May 2010 Deputy General Manager, Corporate Planning Department, Mizuho Information & Research Institute, Inc. (now Mizuho Research & Technologies, Ltd.) Jan 2015 General Manager, Legal and Compliance Department, Mizuho Bank, Ltd. Dec 2017 Seconded to the Company Aug 2018 Executive Officer; General Manager, General Affairs and Human Resources Department, the Company Apr 2019 General Manager, General Affairs and Human Resources Department; in charge of Planning Office, the Company Jun 2019 Director, Managing Executive Officer, the Company; in charge of General Affairs and Human Resources Department, Planning Office and Accounting Department Apr 2020 General Manager, Corporate Division, the Company; President, NSW With Co., Ltd. (now NSA Co., Ltd.) (current) Apr 2022 Director, Senior Managing Executive Officer; General Manager, Corporate Services Division, the Company (current) Jul 2022 General Manager, Planning Office, the Company Apr 2023 General Manager, Accounting Department, the Company Apr 2024 Director, Executive Vice President, the Company (current)
1963-07-28
Shigeru SANO
Director (Full-time Audit and Supervisory Committee Member)
Apr 1982 Joined NEC Corporation Oct 2003 General Manager, Management Division, Accounting Department, NEC Corporation Jul 2005 Vice President, NEC (China) Co., Ltd. Apr 2010 Deputy General Manager, Business Planning and Management Division, and General Manager, Accounting Department, NEC Nexsolutions, Ltd. Apr 2010 Non-Executive Audit & Supervisory Board Member, NEC Business Processing, Ltd. (now NEC VALWAY, Ltd.) Jun 2015 Full-time Audit & Supervisory Board Member, NEC Solution Innovators, Ltd. Jul 2021 General Manager, Internal Audit Office, the Company Jun 2022 Director (Audit and Supervisory Committee Member), the Company (current)
1959-10-25
Ikuko SHIMOKAWARABA
Director
Apr 1987 Joined Toshiba Corporation Apr 2017 General Manager, Intellectual Property Office, Technology Management Division, Toshiba Corporation Apr 2021 Executive Officer, Toshiba Corporation Apr 2022 Director, Toshiba Device & Storage Corporation May 2023 Chairperson, Japan Intellectual Property Association Oct 2023 Expert, Storage Product Business Division, Toshiba Device & Storage Corporation Jun 2024 Director, the Company (current) Jan 2025 Senior Director, Rapidus Corporation (current)
1964-09-21
Masayuki MASUI
Director (Audit and Supervisory Committee Member)
Apr 1972 Joined Mitsubishi Yuka Co., Ltd. (now Mitsubishi Chemical Corporation) Apr 2004 Transferred to Ryoka Systems Co., Ltd. (now Mitsubishi Chemical Systems Corporation) Apr 2005 General Manager, Third Sales Division, Mitsubishi Chemical Systems Corporation Apr 2011 Executive Officer; Deputy General Manager, Sales Division, Mitsubishi Chemical Systems Corporation Mar 2015 Joined Tokai Carbon Co., Ltd. as Senior Manager; General Manager, Information Systems Office, Management Division Mar 2016 Advisor; General Manager, Information Systems Office, Tokai Carbon Co., Ltd. Mar 2019 Information Systems Office, Tokai Carbon Co., Ltd. Jun 2019 Director (Audit and Supervisory Committee Member), the Company (current)
1954-02-04
Naoko ISHII
Director (Audit and Supervisory Committee Member)
Oct 2004 Registered as attorney-at-law (Second Tokyo Bar Association) Oct 2004 Joined Eiedu Sogo Law Office Oct 2015 Audit Board Member (part-time), The Open University of Japan May 2016 Joined ENISHI Law Firm LLP as Partner Oct 2018 Joined Sakuradori Law Office as Partner (current) Jun 2020 Director (Audit and Supervisory Committee Member), the Company (current)
1978-01-11
Miyuki YAMAGUCHI
Director (Audit and Supervisory Committee Member)
Oct 1996 Joined Century Audit Corporation (now Azsa LLC) Apr 1998 Joined Kotanino Certified Public Accountant Office (current) Apr 2001 Registered as Certified Public Accountant May 2016 Registered as Certified Tax Accountant Jan 2017 Partner, Kotanino Certified Tax Accountant Corporation (current) Jul 2020 Audit & Supervisory Board Member (part-time), General Incorporated Association Shureikai (current) Jun 2023 Director (Audit and Supervisory Committee Member), the Company (current)
1973-09-15
Kiyoe SAWADA
Director (Audit and Supervisory Committee Member)
Apr 1996 Joined Hitachi Electronics Service Co., Ltd. (now Hitachi Systems, Ltd.) Mar 2002 Joined Softbank Commerce Corporation (now SoftBank Corp.) Jan 2010 Manager, Human Resource Development Section, Human Resource Development Department, SoftBank Commerce Corporation Aug 2015 Corporate General Manager, APAC, Foliofolio Japan Inc. Aug 2016 Representative Director, Cadle Inc. (current)
1973-04-16
Large Shareholding Reports
Tada Corporation
2026-09-03
33.56%→47.13%
Annual report (as of 2026-03-31): 33.55%
Tada Corporation
2026-07-01
33.56%→33.56%
Annual report (as of 2026-03-31): 33.55%
FMR LLC
2026-06-17
—
Fidelity Management & Research Company LLC
2026-06-17
4.12%→4.12%
Fidelity Management & Research Company LLC
2026-06-17
5.31%→5.28%
Fidelity Management & Research Company LLC
2026-06-17
4.81%→5.31%
FMR LLC
2026-06-17
—
FMR LLC
2026-06-17
—
FMR LLC
2026-06-17
—
Fidelity Management & Research Company LLC
2026-06-17
4.12%→4.81%
FMR LLC
2026-06-09
—
Fidelity Management & Research Company LLC
2026-06-09
4.12%
Tada Corporation
2026-04-30
33.56%→33.56%
Annual report (as of 2026-03-31): 33.55%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-03
Large Shareholding Report
TDnet
2026-08-03
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-01
Large Shareholding Report
EDINET
2026-06-26
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-06-17
Change Report
EDINETAmended
2026-06-17
Change Report
EDINET
2026-06-17
Large Shareholding Report
EDINET
2026-06-17
Large Shareholding Report
EDINET
2026-06-17
Large Shareholding Report
EDINET
2026-06-17
Large Shareholding Report
EDINETAmended
2026-06-17
Change Report
EDINETAmended
2026-06-17
Change Report
EDINET
2026-06-09
Large Shareholding Report
EDINETAmended
2026-06-09
Change Report
EDINET
2026-04-30
Large Shareholding Report
TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-06
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-23
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-07
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 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
2023-06-21
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINETAmended
2023-03-08
Amended Annual Securities Report
Period: Apr 2019 – Mar 2020
EDINETAmended
2023-03-08
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
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