NEOJAPAN Inc.

3921 株式会社ネオジャパン

Software - Application · Prime · TSE: Disclosed

PRICE: ¥1,456 · MKT CAP: ¥20.4B · P/E: 11.3x · P/B: 2.73x · DIV YIELD: 3.6%

PRICE — 5Y

Characteristics & Business Summary

NEOJAPAN Inc. engages in the development and sale of packaged software in Japan and internationally. The company offers desknet's NEO, a groupware software; AppSuite, a no-code app development platform; and ChatLuck, a chat-based business communication tool...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	5,325	5,920	6,007	6,616	7,263	8,230
Operating Profit	921	1,247	1,241	1,297	1,951	2,498
Ordinary Profit	949	1,361	1,336	1,375	2,050	2,610
Net Profit	677	866	813	956	1,414	1,810
EPS	¥45	¥58	¥54	¥64	¥101	¥129
DPS	¥11	¥14	¥20	¥23	¥40	¥52

Balance Sheet & Valuation Highlights

Total Assets ¥11B

Net Assets (Equity) ¥7B

Equity Ratio 69.9%

ROE (Return on Equity) 24.6%

Cash & Equivalents ¥6B

Interest-Bearing Debt ¥0B

Capital Expenditure (CapEx) ¥0B

Depreciation & Amort. ¥0B

Major Shareholders

1. 株式会社プロシードゥス 37.1%
2. 大坪克也 9.8%
3. 齋藤晶議（戸籍名：齊藤章浩） 8.8%
4. 松倉二美 7.1%
5. Japan Master Trust Bank 4.7%
6. JAPAN ABSOLUTE VALUE FUND (常任代理人立花証券株式会社) 2.8%
7. PERSHING-DIV.OF DLJ SECS.CORP. 1.8%
8. Japan Custody Bank 1.5%
9. CACEIS BK ES IICS CLIENTS （常任代理人香港上海銀行東京支店） 1.4%
10. Employee Stock Ownership Plan 1.3%

Activist Activity

Akihiro Saito 45.73%

2026-05-11 · change

Kaname Capital, L.P. 5.0%

2026-05-01 · correction

Kaname Capital, L.P. 5.07%

2026-05-01 · initial_5pct

Kaname Capital, L.P. 5.0%

2026-04-30 · initial_5pct

Katsuya Otsubo 9.17%

2024-03-18 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥358	¥397	¥403	¥446	¥519	¥587
FCF/Share	¥66	¥73	¥80	¥68	¥147	¥151
EPS	¥45	¥58	¥54	¥64	¥101	¥129
DPS	¥11	¥14	¥20	¥23	¥40	¥52
Capital Spending per share	¥1	¥1	¥0	¥1	¥1	¥9
Book Value per share	¥295	¥341	¥381	¥422	¥443	¥526
Common Shares Outstanding	15M	15M	15M	15M	14M	14M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥5B	¥6B	¥6B	¥7B	¥7B	¥8B
Operating Margin (%)	17.3%	21.1%	20.7%	19.6%	26.9%	30.3%
Net Profit (owners)	¥1B	¥1B	¥1B	¥1B	¥1B	¥2B
Net Profit Margin (%)	12.7%	14.6%	13.5%	14.5%	19.5%	22.0%
Working Capital	¥2B	¥3B	¥4B	¥4B	¥4B	¥5B
Total Debt (Interest-bearing)	¥0B	¥0B	¥0B	¥0B	¥0B	¥0B
Net Worth (Common Equity)	¥4B	¥5B	¥6B	¥6B	¥6B	¥7B
Return on Total Assets (ROA)	10.0%	11.9%	10.1%	11.1%	15.3%	16.9%
Return on Common Equity (ROE)	15.4%	17.1%	14.3%	15.3%	22.8%	24.6%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.