3687
Fixstars Corporation
株式会社フィックスターズ
Information & Communication
Fixstars Corporation operates as a software company in Japan and internationally. It operates through Solution Business and Saas Business segments. The company provides embedded acceleration, image processing algorithm development, distributed parallel system development, GPU acceleration, FPGA systems development, quantum computing, AI and deep learning, automotive software development, and firmware development for flash memory solutions. It also offers Fixstars Amplify, a cloud platform for application development of various Ising machines; Smart Opinion, a telemedical platform for AI-based breast cancer analysis, aiding early detection and promoting women's health; CloneTracker, a tool for managing duplicate code; and Fixstars AIBooster, a GPU cloud service for the development and operations of generative AI and large language models. In addition, the company is involved in the multicore processor related business. Fixstars Corporation was incorporated in 2002 and is headquartered in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥9.6B
¥8.0B
¥7.0B
¥6.3B
¥5.5B
Cost of Sales
¥4.6B
¥3.8B
¥3.5B
¥3.3B
¥3.2B
Gross Profit
¥5.0B
¥4.2B
¥3.6B
¥3.0B
¥2.3B
SG&A
¥2.4B
¥1.9B
¥1.5B
¥1.4B
¥1.3B
Operating Income
¥2.6B
¥2.3B
¥2.1B
¥1.6B
¥972M
Non-Operating Income
¥8M
¥5M
¥1M
¥74M
¥1M
Interest Income
¥5M
¥0M
¥0M
—
—
Non-Operating Expenses
¥4M
¥4M
¥11M
¥8M
¥13M
Interest Expense
¥1M
¥2M
¥4M
¥6M
¥8M
Ordinary Income
¥2.6B
¥2.3B
¥2.1B
¥1.7B
¥960M
Pre-tax Income
¥2.6B
¥2.3B
¥2.1B
¥1.7B
¥944M
Income Taxes
¥574M
¥752M
¥632M
¥584M
¥399M
Current Tax
¥685M
¥812M
¥602M
¥677M
¥406M
Deferred Tax
¥-111M
¥-60M
¥30M
¥-93M
¥-7M
Net Income (owners)
¥1.9B
¥1.5B
¥1.4B
¥1.1B
¥543M
Minority Interest
¥67M
¥44M
¥15M
¥14M
¥2M
Comprehensive Income
¥2.0B
¥1.5B
¥1.5B
¥1.2B
¥572M
EBITDA
¥2.7B
¥2.5B
¥2.2B
¥1.8B
¥1.1B
EPS
¥60.34
¥46.39
¥45.01
¥33.53
¥16.64
Shares Outstanding
32.3M
32.2M
32.2M
32.1M
32.5M
Shares Issued (total)
33.6M
33.6M
33.6M
33.6M
33.6M
Treasury Shares
1.4M
1.4M
1.5M
1.5M
1.1M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥9.9B
¥8.7B
¥8.2B
¥8.2B
¥7.4B
Current Assets
¥8.7B
¥7.8B
¥7.3B
¥7.2B
¥6.4B
Cash & Deposits
¥5.2B
¥4.9B
¥4.6B
¥5.1B
¥4.7B
Trade Receivables
¥2.8B
¥2.3B
¥2.4B
¥2.0B
¥1.7B
Non-Current Assets
¥1.2B
¥957M
¥871M
¥957M
¥960M
PP&E
¥258M
¥323M
¥254M
¥352M
¥453M
Intangible Assets
¥2M
¥3M
¥2M
¥3M
¥2M
Investment Securities
¥116M
¥84M
¥116M
¥69M
¥47M
Deferred Tax Assets
¥319M
¥208M
¥137M
¥190M
¥100M
Total Liabilities
¥1.3B
¥1.8B
¥2.4B
¥3.6B
¥3.8B
Current Liabilities
¥1.3B
¥1.8B
¥1.9B
¥2.3B
¥1.6B
ST Debt
—
¥493M
¥804M
¥796M
¥796M
Taxes Payable
¥317M
¥528M
¥301M
¥500M
¥206M
Non-Current Liabilities
¥22M
¥32M
¥493M
¥1.3B
¥2.1B
Total LT Borrowings
—
—
¥493M
¥1.3B
¥2.1B
Total Equity
¥8.5B
¥6.9B
¥5.8B
¥4.6B
¥3.6B
Capital Stock
¥554M
¥554M
¥554M
¥554M
¥554M
Capital Surplus
¥698M
¥573M
¥559M
¥544M
¥477M
Retained Earnings
¥8.1B
¥6.7B
¥5.7B
¥4.5B
¥3.6B
Treasury Stock
¥-1.3B
¥-1.3B
¥-1.3B
¥-1.4B
¥-1.1B
AOCI
¥186M
¥158M
¥198M
¥144M
¥-5M
Equity (owners)
¥8.1B
¥6.6B
¥5.4B
¥4.3B
¥3.5B
Minority Interests
¥275M
¥216M
¥184M
¥169M
¥109M
Total Interest-Bearing Debt ⓘ
—
¥493M
¥1.3B
¥2.1B
¥2.9B
Net Cash ⓘ
¥5.2B
¥4.4B
¥3.3B
¥3.0B
¥1.8B
NCAV ⓘ
¥7.3B
¥6.0B
¥5.0B
¥3.6B
¥2.7B
NCAV/Share
¥226
¥186
¥154
¥113
¥83
BV/Share
¥250
¥204
¥169
¥133
¥109
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥2.0B
¥1.7B
¥719M
¥1.5B
¥865M
Interest Paid
¥-1M
¥-2M
¥-4M
¥-6M
¥-8M
Interest Received
¥5M
¥0M
¥1M
¥0M
¥0M
D&A
¥167M
¥146M
¥136M
¥148M
¥88M
Investing CF
¥-632M
¥-167M
¥-28M
¥-76M
¥-488M
CapEx
¥110M
¥165M
¥38M
¥41M
¥434M
Purchase Investments
¥-22M
—
—
¥-33M
—
Proceeds from Invest.
¥6M
—
¥20M
—
—
Financing CF
¥-1.0B
¥-1.2B
¥-1.1B
¥-1.2B
¥-1.3B
Dividends Paid
¥-611M
¥-418M
¥-321M
¥-162M
¥-196M
Share Buybacks
¥-0M
¥-0M
—
¥-292M
¥-300M
LT Debt Repaid
¥-493M
¥-804M
¥-788M
¥-796M
¥-796M
Free Cash Flow
¥1.9B
¥1.5B
¥682M
¥1.4B
¥431M
Net Change in Cash
¥322M
¥227M
¥-428M
¥375M
¥-912M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
26.0%
24.2%
28.8%
27.2%
15.6%
ROA
20.9%
17.7%
17.7%
13.9%
7.3%
EPS
¥60.34
¥46.39
¥45.01
¥33.53
¥16.64
DPS
¥18.00
¥19.00
¥13.00
¥10.00
¥5.00
BPS
¥255.71
¥208.81
¥175.32
¥137.34
¥108.68
FCF/Share
¥58
¥46
¥21
¥45
¥13
NCAV/Share
¥226
¥186
¥154
¥113
¥83
Payout Ratio
29.8%
41.0%
28.9%
29.8%
30.0%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 36
Date Activist Stake Event Flag Demands Source
2026-04-22
Mizuho Securities Co., Ltd.
4.59%
-1.43%
change
Passive
—
2026-04-02
Goodhart Partners LLP
8.75%
-1.15%
change
Passive
—
2026-02-06
Mizuho Securities Co., Ltd.
6.02%
+0.02%
change
Passive
—
2026-01-22
Mizuho Securities Co., Ltd.
6.0%
initial_5pct
Passive
—
2026-01-16
Goodhart Partners LLP
9.9%
-1.07%
change
Passive
—
2025-12-23
Goodhart Partners LLP
10.97%
-1.24%
change
Passive
—
2025-09-19
Sumitomo Mitsui Trust Bank,Limited
5.9%
+0.72%
change
Passive
—
2025-09-05
Asset Management One Co., Ltd.
4.8%
-1.12%
change
Passive
—
2025-08-29
Satoshi Miki
10.32%
-0.6%
change
Passive
—
2025-06-06
Tomohiko Hasegawa
6.38%
-1.67%
change
Passive
—
2025-02-19
Satoshi Miki
10.92%
-1.03%
change
Passive
—
2025-02-07
Asset Management One Co., Ltd.
5.92%
-2.02%
change
Passive
—
2025-01-22
Asset Management One Co., Ltd.
7.94%
-0.73%
change
Passive
—
2024-11-15
Goodhart Partners LLP
12.21%
-1.12%
change
Passive
—
2024-10-04
Sumitomo Mitsui Trust Bank,Limited
5.18%
+0.15%
change
Passive
—
2024-07-17
Goodhart Partners LLP
13.33%
+1.04%
change
Passive
—
2024-07-02
Goodhart Partners LLP
12.29%
+1.04%
change
Passive
—
2024-06-18
Goodhart Partners LLP
11.25%
+1.1%
change
Passive
—
2024-04-22
Asset Management One Co., Ltd.
8.67%
-1.18%
change
Passive
—
2024-04-22
Satoshi Miki
11.95%
change
Passive
—
2024-04-02
Yukinori Hara
4.02%
-1.19%
change
Passive
—
2024-03-19
Asset Management One Co., Ltd.
9.85%
-0.17%
change
Passive
—
2024-03-18
Goodhart Partners LLP
10.15%
+1.46%
change
Passive
—
2024-03-01
Yukinori Hara
5.21%
+0.3%
correction
Passive
—
2024-02-29
Yukinori Hara
4.91%
change
Passive
—
2024-02-02
Goodhart Partners LLP
7.29%
correction
Passive
—
2024-02-02
Goodhart Partners LLP
8.69%
+1.4%
change
Passive
—
2024-01-25
Goodhart Partners LLP
7.3%
+1.03%
change
Passive
—
2024-01-23
Goodhart Partners LLP
6.27%
+1.26%
change
Passive
—
2024-01-17
Goodhart Partners LLP
5.01%
initial_5pct
Passive
—
2023-11-10
Asset Management One Co., Ltd.
10.02%
+1.0%
change
Passive
—
2023-11-07
Sumitomo Mitsui Trust Bank,Limited
5.03%
-1.54%
change
Passive
—
2023-07-19
Tomohiko Hasegawa
8.05%
change
Passive
—
2023-07-07
Asset Management One Co., Ltd.
9.02%
+1.5%
change
Passive
—
2023-06-21
Sumitomo Mitsui Trust Bank,Limited
6.57%
change
Passive
—
2023-06-07
Asset Management One Co., Ltd.
7.52%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 0
#
Shareholder
Shares (thou.)
% of Total
1
三木 聡
3,470
10.75%
2
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505025 (常任代理人 株式会社みずほ銀行決済営業部)
3,202
9.92%
3
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
3,149
9.76%
4
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
1,791
5.55%
5
長谷川 智彦
1,431
4.43%
6
原 行範
1,000
3.10%
7
Employee Stock Ownership Plan
フィックスターズ従業員持株会
761
2.36%
8
Dエンジン株式会社
715
2.21%
9
Northern Trust Company
NORTHERN TRUST CO.(AVFC) RE 009-016064- 326 CLT (常任代理人 香港上海銀行東京支店)
671
2.08%
10
キオクシア株式会社
500
1.55%
Domestic Nominees
15.3%
-1.8% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
12.0%
-2.6% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
24.4%
-2.1% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
三木 聡
12.59%
11.94%
10.75%
-1.19%
State Street
—
10.15%
9.92%
-0.23%
Japan Master Trust Bank
日本マスタートラスト信託銀行
12.05%
8.30%
9.76%
+1.46%
Japan Custody Bank
日本カストディ銀行
12.43%
8.83%
5.55%
-3.28%
長谷川 智彦
6.00%
5.99%
4.43%
-1.56%
原 行範
6.75%
4.19%
3.10%
-1.09%
Employee Stock Ownership Plan
フィックスターズ従業員持株会
1.95%
2.11%
2.36%
+0.25%
Dエンジン
2.41%
2.30%
2.21%
-0.09%
Northern Trust
—
2.60%
2.08%
-0.52%
キオクシア
NEW ENTRY
1.55%
—
1.55%
NEW
BNY Mellon
last seen 2024
Exited Top 10
—
1.89%
—
堀 美奈子
last seen 2023
Exited Top 10
1.15%
—
—
蜂須賀 利幸
last seen 2023
Exited Top 10
1.47%
—
—
Concentration (HHI)
ⓘ
555
466
386
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥0M
-100% since 2023
Holdings
0
1 exited
Trend
Stable
vs 2023
Held Company
FY2025
¥0M total
FY2023
¥97M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Fusic Co.,Ltd.
㈱Fusic
—
−100%
Exit
—
97
20,000
Portfolio total
0
97
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding