244A
Growth X Partners, Inc.
グロースエクスパートナーズ株式会社
Information & Communication
Growth X Partners,Inc. engages in the enterprise DX business for enterprises. It is involved in the DX promotion support, and support consulting business. The company was incorporated in 2008 and is based in Tokyo, Japan
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
Net Sales
¥5.1B
¥4.4B
Cost of Sales
¥2.7B
¥2.5B
Gross Profit
¥2.3B
¥1.9B
SG&A
¥1.6B
¥1.3B
Operating Income
¥774M
¥603M
Non-Operating Income
¥114M
¥25M
Non-Operating Expenses
¥18M
¥16M
Interest Expense
¥6M
¥8M
Ordinary Income
¥870M
¥612M
Pre-tax Income
¥870M
¥611M
Income Taxes
¥272M
¥194M
Current Tax
¥273M
¥209M
Deferred Tax
¥-1M
¥-15M
Net Income (owners)
¥600M
¥417M
Minority Interest
¥-2M
—
Comprehensive Income
¥650M
¥449M
EBITDA
¥809M
¥639M
EPS
¥183.91
¥153.89
Shares Outstanding
3.3M
2.7M
Shares Issued (total)
3.4M
2.9M
Treasury Shares
0.0M
0.2M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
Total Assets
¥4.7B
¥3.5B
Current Assets
¥3.1B
¥2.0B
Cash & Deposits
¥2.1B
¥1.1B
Trade Receivables
¥491M
¥436M
Non-Current Assets
¥1.6B
¥1.6B
PP&E
¥628M
¥617M
Intangible Assets
¥21M
¥26M
Investment Securities
¥525M
¥419M
Deferred Tax Assets
¥56M
¥54M
Total Liabilities
¥1.3B
¥1.6B
Current Liabilities
¥1.1B
¥1.3B
ST Debt
¥195M
¥544M
Taxes Payable
¥178M
¥151M
Non-Current Liabilities
¥262M
¥293M
Total LT Borrowings
¥206M
¥261M
Deferred Tax Liab.
¥30M
¥3M
Total Equity
¥3.4B
¥1.9B
Capital Stock
¥368M
¥106M
Capital Surplus
¥571M
¥49M
Retained Earnings
¥2.3B
¥1.7B
Treasury Stock
¥-3M
¥-28M
AOCI
¥145M
¥93M
Equity (owners)
¥3.2B
¥1.8B
Minority Interests
¥1M
—
Total Interest-Bearing Debt ⓘ
¥401M
¥806M
Net Cash ⓘ
¥1.7B
¥308M
NCAV ⓘ
¥1.8B
¥354M
NCAV/Share
¥536
¥130
BV/Share
¥969
¥670
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
Operating CF
¥564M
¥545M
Interest Paid
¥-5M
¥-9M
Interest Received
¥6M
¥3M
D&A
¥34M
¥36M
Investing CF
¥1M
¥-25M
CapEx
¥22M
¥4M
Purchase Investments
¥-29M
¥-28M
Proceeds from Invest.
—
¥38M
Financing CF
¥374M
¥-75M
LT Debt Repaid
¥-44M
¥-44M
Free Cash Flow
¥542M
¥541M
Net Change in Cash
¥939M
¥445M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
ROE
22.7%
24.8%
ROA
14.5%
11.8%
EPS
¥183.91
¥153.89
BPS
¥1,012.84
¥704.30
FCF/Share
¥163
¥199
NCAV/Share
¥536
¥130
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 7
Date Activist Stake Event Flag Demands Source
2026-04-16
Shinichi Watanabe
55.16%
change
Passive
—
2026-04-16
Shinichi Watanabe
55.16%
correction
Passive
—
2025-12-19
Sumitomo Mitsui DS Asset Management Company, Limited
5.0%
initial_5pct
Passive
—
2025-07-25
Shinichi Watanabe
55.69%
correction
Passive
—
2025-07-23
Shinichi Watanabe
55.69%
-2.91%
change
Passive
—
2024-10-07
Shinichi Watanabe
58.6%
correction
Passive
—
2024-10-03
Shinichi Watanabe
58.6%
initial_5pct
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 5
#
Shareholder
Shares (thou.)
% of Total
1
Watanabe&Partners株式会社
1,150,000
34.53%
2
渡邉 伸一
713,400
21.42%
3
ニプロ株式会社
130,000
3.90%
4
豊田通商株式会社
130,000
3.90%
5
奥山 秀朗
100,000
3.00%
6
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
80,800
2.43%
7
三菱UFJeスマート証券株式会社
73,900
2.22%
8
株式会社三越伊勢丹システム・ソリューションズ
50,000
1.50%
9
BBH LUX/BROWN BROTHERS HARRIMAN (LUXEMBOURG) SCA CUSTODIAN FOR SMD-AM FUNDS - DSBI JAPAN EQUITY SMALL CAP ABSOLUTE VALUE(常任代理人 株式会社三井住友銀行)
49,800
1.50%
10
河西 健太郎
48,600
1.46%
Domestic Nominees
2.4%
+2.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
73.4%
-21.8% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2024
2025
Watanabe&Partners
22.11%
34.53%
+12.42%
渡邉 伸一
51.34%
21.42%
-29.92%
豊田通商
4.79%
3.90%
-0.89%
ニプロ
4.79%
3.90%
-0.89%
奥山 秀朗
3.68%
3.00%
-0.68%
日本カストディ銀行
NEW ENTRY
—
—
2.43%
NEW
三菱UFJeスマート証券
NEW ENTRY
—
—
2.22%
NEW
式会社三越伊勢丹システム・ソリューションズ
3.68%
1.50%
-2.18%
BBH LUX/BROWN BROTHERS HARRIMAN (LUXEMBOURG) SCA CUSTODIAN FOR SMD-AM FUNDS - DSBI JAPAN EQUITY SMALL CAP ABSOLUTE VALUE
NEW ENTRY
—
—
1.50%
NEW
河西 健太郎
1.47%
1.46%
-0.01%
小野 純一
last seen 2024
Exited Top 10
1.84%
—
式会社アイティーファーム
last seen 2024
Exited Top 10
0.74%
—
三菱UFJキャピタル8号投資事業有限責任組合無限責任組合員 三菱UFJキャピタル
last seen 2024
Exited Top 10
0.74%
—
Concentration (HHI)
ⓘ
3204
1708
2 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥213M
+28% since 2024
Holdings
5
+2 new
2 exited
Trend
1 building
vs 2024
Held Company
FY2025
¥213M total
FY2024
¥166M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Nipro Co., Ltd.
ニプロ株式会社
178
+9.4%
↑
118,676
140
108,453
M
Isetan Mitsukoshi Holdings Ltd.
株式会社三越伊勢丹ホールディングス
12
NEW
New
5,000
—
M
TOYOTA TSUSHO CORPORATION
豊田通商株式会社
12
3,000
8
3,000
M
Mitsubishi UFJ Financial Group, Inc.
株式会社三菱UFJフィナンシャル・グループ
7
NEW
New
3,000
—
M
The Yamanashi Chuo Bank,Ltd.
株式会社山梨中央銀行
3
1,000
2
1,000
M
株式会社三越伊勢丹 ホールディングス
—
−100%
Exit
—
11
5,000
M
Mitsubishi UFJ Financial Group, Inc.
株式会社 三菱UFJフィナンシャル・グループ
—
−100%
Exit
—
5
3,000
M
Portfolio total
213
166
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding