Neural Group Inc. offers AI and media services. The company provides DigiFlow for creation of smart city solutions for people, goods and security, mobility and moving vehicles, and infrastructure and facilities; and DigiPark, which provides parking lot operators, logistics facilities, real estate developers, commercial facilities, tourist facilities, SA/PA, and public parking lots with safety monitoring and guidance services. It also provides SIGN DIGI that provides AI signage services to commercial facilities, office buildings, and smart cities; RemoDesk, a service that ensures business security in a remote environment; and AI MD, an AI-driven fashion trend analysis service that offers information on fashion trends to analyze data from SNS sites, shopping sites, and other services. In addition, the company provides KizunaNavi, 1-on-1 support service; FOCUS CHANNEL, a signage media platform; NeuralVision, an end-to-end service for AI-powered LED vision displays; and Generative Web to edit web pages. Neural Group Inc. was formerly known as Neural Pocket Inc. and changed its name to Neural Group Inc. in June 2023. The company was incorporated in 2018 and is headquartered in Tokyo, Japan.
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Financials
Ownership
Material Events
Income Statement
Balance Sheet
Cash Flow
Ratios & Growth
Metric
FY 2025
EDINET โ
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
FY 2020
EDINET โ
Net Sales
ยฅ3.3B
ยฅ3.6B
ยฅ3.2B
ยฅ2.9B
ยฅ1.0B
ยฅ763M
Cost of Sales
ยฅ1.2B
ยฅ1.2B
ยฅ1.1B
ยฅ969M
ยฅ223M
ยฅ93M
Gross Profit
ยฅ2.1B
ยฅ2.4B
ยฅ2.1B
ยฅ1.9B
ยฅ788M
ยฅ670M
SG&A
ยฅ2.2B
ยฅ2.3B
ยฅ2.7B
ยฅ2.2B
ยฅ767M
ยฅ499M
Operating Income
ยฅ-7M
ยฅ36M
ยฅ-659M
ยฅ-251M
ยฅ20M
ยฅ171M
Non-Operating Income
ยฅ8M
ยฅ11M
ยฅ4M
ยฅ31M
ยฅ1M
ยฅ0M
Dividend Income
ยฅ0M
ยฅ0M
ยฅ0M
ยฅ0M
โ
โ
Interest Income
ยฅ1M
ยฅ0M
ยฅ0M
ยฅ0M
ยฅ0M
ยฅ0M
Non-Operating Expenses
ยฅ48M
ยฅ35M
ยฅ32M
ยฅ27M
ยฅ7M
ยฅ23M
Interest Expense
ยฅ27M
ยฅ19M
ยฅ23M
ยฅ23M
ยฅ6M
ยฅ6M
Ordinary Income
ยฅ-47M
ยฅ12M
ยฅ-687M
ยฅ-247M
ยฅ14M
ยฅ148M
Pre-tax Income
ยฅ-53M
ยฅ12M
ยฅ-749M
ยฅ-904M
ยฅ14M
ยฅ148M
Income Taxes
ยฅ54M
ยฅ75M
ยฅ-93M
ยฅ-24M
ยฅ2M
ยฅ1M
Current Tax
ยฅ43M
ยฅ4M
ยฅ4M
ยฅ82M
ยฅ2M
ยฅ1M
Deferred Tax
ยฅ12M
ยฅ70M
ยฅ-97M
ยฅ-106M
โ
โ
Net Income (owners)
ยฅ-116M
ยฅ-61M
ยฅ-650M
ยฅ-880M
ยฅ11M
ยฅ147M
Minority Interest
ยฅ8M
ยฅ-2M
ยฅ-7M
โ
โ
โ
Comprehensive Income
ยฅ-111M
ยฅ-63M
ยฅ-658M
ยฅ-878M
ยฅ11M
โ
EBITDA
ยฅ143M
ยฅ187M
ยฅ-490M
ยฅ39M
ยฅ111M
ยฅ202M
Goodwill Amort. (J-GAAP)
ยฅ104M
ยฅ104M
ยฅ104M
ยฅ126M
ยฅ6M
โ
EPS
ยฅ-7.29
ยฅ-3.97
ยฅ-43.65
ยฅ-61.29
ยฅ0.79
ยฅ10.85
Shares Outstanding
17.2M
15.3M
15.2M
14.4M
14.3M
14.0M
Shares Issued (total)
17.2M
15.3M
15.2M
14.4M
14.3M
14.0M
Treasury Shares
0.0M
0.0M
0.0M
โ
โ
โ
Metric
FY 2025
EDINET โ
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
FY 2020
EDINET โ
Total Assets
ยฅ4.2B
ยฅ3.0B
ยฅ3.3B
ยฅ3.9B
ยฅ2.4B
ยฅ1.9B
Current Assets
ยฅ2.9B
ยฅ1.5B
ยฅ1.6B
ยฅ2.1B
ยฅ1.8B
ยฅ1.7B
Cash & Deposits
ยฅ2.2B
ยฅ670M
ยฅ821M
ยฅ1.1B
ยฅ1.4B
ยฅ1.4B
Trade Receivables
ยฅ320M
ยฅ465M
ยฅ402M
ยฅ534M
ยฅ191M
ยฅ192M
Inventories
โ
โ
โ
โ
ยฅ121M
ยฅ38M
Non-Current Assets
ยฅ1.3B
ยฅ1.5B
ยฅ1.7B
ยฅ1.8B
ยฅ661M
ยฅ248M
PP&E
ยฅ61M
ยฅ55M
ยฅ66M
ยฅ89M
ยฅ212M
ยฅ71M
Goodwill
ยฅ840M
ยฅ944M
ยฅ1.0B
ยฅ1.2B
ยฅ229M
โ
Intangible Assets
ยฅ986M
ยฅ1.1B
ยฅ1.2B
ยฅ1.4B
ยฅ367M
ยฅ106M
Investment Securities
ยฅ157M
ยฅ157M
ยฅ157M
ยฅ167M
โ
โ
Deferred Tax Assets
ยฅ1M
ยฅ6M
ยฅ63M
โ
โ
โ
Total Liabilities
ยฅ2.3B
ยฅ2.4B
ยฅ2.8B
ยฅ3.4B
ยฅ1.1B
ยฅ715M
Current Liabilities
ยฅ1.4B
ยฅ1.5B
ยฅ1.6B
ยฅ1.6B
ยฅ989M
ยฅ603M
ST Debt
ยฅ1.1B
ยฅ1.1B
ยฅ1.3B
ยฅ1.2B
ยฅ853M
ยฅ453M
Taxes Payable
ยฅ43M
ยฅ4M
ยฅ18M
ยฅ5M
ยฅ2M
ยฅ1M
Non-Current Liabilities
ยฅ934M
ยฅ836M
ยฅ1.2B
ยฅ1.8B
ยฅ108M
ยฅ111M
Total LT Borrowings
ยฅ844M
ยฅ755M
ยฅ1.1B
ยฅ1.7B
ยฅ108M
ยฅ111M
Pension Obligations
ยฅ70M
ยฅ67M
ยฅ60M
ยฅ55M
โ
โ
Deferred Tax Liab.
ยฅ20M
ยฅ13M
โ
ยฅ64M
โ
โ
Total Equity
ยฅ1.9B
ยฅ614M
ยฅ468M
ยฅ462M
ยฅ1.3B
ยฅ1.2B
Capital Stock
ยฅ10M
ยฅ12M
ยฅ419M
ยฅ79M
ยฅ65M
ยฅ19M
Capital Surplus
ยฅ2.3B
ยฅ2.4B
ยฅ1.8B
ยฅ1.4B
ยฅ1.4B
ยฅ1.4B
Retained Earnings
ยฅ-420M
ยฅ-1.8B
ยฅ-1.7B
ยฅ-1.1B
ยฅ-163M
ยฅ-175M
Treasury Stock
ยฅ-1M
ยฅ-1M
ยฅ-1M
ยฅ-0M
ยฅ-0M
ยฅ-0M
AOCI
ยฅ-3M
ยฅ0M
ยฅ-0M
ยฅ2M
โ
โ
Equity (owners)
ยฅ1.9B
ยฅ595M
ยฅ451M
ยฅ450M
ยฅ1.3B
ยฅ1.2B
Minority Interests
ยฅ9M
โ
ยฅ1M
ยฅ0M
โ
โ
Total Interest-Bearing Debt โ
ยฅ1.9B
ยฅ1.9B
ยฅ2.4B
ยฅ2.8B
ยฅ961M
ยฅ565M
Net Cash โ
ยฅ317M
ยฅ-1.2B
ยฅ-1.6B
ยฅ-1.7B
ยฅ465M
ยฅ860M
NCAV โ
ยฅ550M
ยฅ-853M
ยฅ-1.2B
ยฅ-1.3B
ยฅ662M
ยฅ959M
NCAV/Share
ยฅ32
ยฅ-56
ยฅ-79
ยฅ-91
ยฅ46
ยฅ68
BV/Share
ยฅ108
ยฅ39
ยฅ30
ยฅ31
ยฅ92
ยฅ86
Metric
FY 2025
EDINET โ
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
FY 2020
EDINET โ
Operating CF
ยฅ150M
ยฅ195M
ยฅ-387M
ยฅ-318M
ยฅ-1M
ยฅ138M
Interest Paid
ยฅ-27M
ยฅ-20M
ยฅ-23M
ยฅ-24M
ยฅ-6M
ยฅ-7M
Interest Received
ยฅ1M
ยฅ0M
ยฅ0M
ยฅ0M
ยฅ0M
โ
D&A
ยฅ46M
ยฅ48M
ยฅ65M
ยฅ164M
ยฅ86M
ยฅ31M
Goodwill Amort.
ยฅ104M
ยฅ104M
ยฅ104M
ยฅ126M
ยฅ6M
โ
Investing CF
ยฅ-29M
ยฅ5M
ยฅ-56M
ยฅ-263M
ยฅ-495M
ยฅ-142M
CapEx
ยฅ1M
ยฅ1M
ยฅ64M
ยฅ137M
ยฅ158M
ยฅ43M
Proceeds from Invest.
โ
โ
ยฅ10M
โ
โ
โ
Financing CF
ยฅ1.4B
ยฅ-344M
ยฅ238M
ยฅ163M
ยฅ497M
ยฅ603M
Share Buybacks
โ
ยฅ-0M
โ
ยฅ-0M
ยฅ-0M
ยฅ-0M
LT Debt Repaid
ยฅ-546M
ยฅ-557M
ยฅ-461M
ยฅ-369M
ยฅ-3M
ยฅ-3M
Free Cash Flow
ยฅ149M
ยฅ194M
ยฅ-451M
ยฅ-455M
ยฅ-159M
ยฅ95M
Net Change in Cash
ยฅ1.5B
ยฅ-144M
ยฅ-205M
ยฅ-418M
ยฅ1M
ยฅ599M
Metric
FY 2025
EDINET โ
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
FY 2020
EDINET โ
Return on Equity (ROE) โ
-9.3%
-11.3%
-139.9%
-98.6%
0.9%
12.2%
Return on Assets (ROA) โ
-3.2%
-1.9%
-18.2%
-28.0%
0.5%
7.7%
Gross Margin โ
65.0%
66.4%
64.9%
66.4%
78.0%
87.8%
Operating Margin โ
-0.2%
1.0%
-20.7%
-8.7%
2.0%
22.4%
Net Margin โ
-3.5%
-1.7%
-20.5%
-30.6%
1.1%
19.3%
Current Ratio โ
2.07x
0.99x
1.00x
1.29x
1.78x
2.77x
Quick Ratio โ
2.07x
0.99x
1.00x
1.29x
1.66x
2.71x
Revenue / Share โ
ยฅ192
ยฅ232
ยฅ210
ยฅ199
ยฅ71
ยฅ54
BV/Share โ
ยฅ108
ยฅ39
ยฅ30
ยฅ31
ยฅ92
ยฅ86
NCAV/Share โ
ยฅ32
ยฅ-56
ยฅ-79
ยฅ-91
ยฅ46
ยฅ68
EPS โ
ยฅ-7.29
ยฅ-3.97
ยฅ-43.65
ยฅ-61.29
ยฅ0.79
ยฅ10.85
DPS โ
ยฅ0.00
ยฅ0.00
ยฅ0.00
ยฅ0.00
ยฅ0.00
ยฅ0.00
Payout Ratio โ
โ
โ
โ
โ
0.0%
0.0%
FCF/Share โ
ยฅ8.69
ยฅ12.62
ยฅ-29.79
ยฅ-31.54
ยฅ-11.12
ยฅ6.80
Market Valuation
Avg daily close price for calendar year ร most recently reported EPS / DPS
Metric
CY2023
CY2024
CY2025
Avg P/E โ
1438.4ร
EPS from 2021-12
โ
โ
Avg Div Yield โ
0.00%
DPS from 2023-12
0.00%
DPS from 2024-12
0.00%
DPS from 2025-12
Avg Daily Close
ยฅ1,136
ยฅ963
ยฅ703
Growth Rates (CAGR)
Metric
3yr CAGR (FY2022โ2025)
5yr CAGR (FY2020โ2025)
Stock Price
-47.1%
-46.6%
Sales
+4.6%
+34.0%
FCF/Share
โ
+5.0%
EPS
โ
โ
DPS
โ
โ
BV/Share
+51.3%
+4.6%
NCAV/Share
โ
-14.1%
No capital allocation signals recorded for this company.
Top 10 Shareholders
Ownership DNA
Large Shareholder Reports 3
#
Shareholder
Shares (thou.)
% of Total
1
้ๆพ ่ทฏๅจ
8,666,400
2
็นๅฎ้ๅคไฟก่จๅ่จ่
ๆ ชๅผไผ็คพ๏ผณ๏ผญ๏ผข๏ผฃไฟก่จ้่ก
698,000
3
ใฝใใผๆ ชๅผไผ็คพ
690,000
4
ๆธ
ๆฐด ๅช
550,000
5
SBI Securities Co., Ltd.
ๆ ชๅผไผ็คพ๏ผณ๏ผข๏ผฉ่จผๅธ
300,354
6
็ฏ ๅก ๅญๅ
282,300
7
ใใทใฅใผในใใฃใณ ใใใผใใช
170,300
8
Rakuten Securities, Inc.
ๆฅฝๅคฉ่จผๅธๆ ชๅผไผ็คพ
161,000
9
ใทใใใฃใขใณใปใขใณใใฌใใฌใใผใบใใกใณใๆ่ณไบๆฅญๆ้่ฒฌไปป็ตๅ
110,200
10
ไธ่ฌ็คพๅฃๆณไบบๅ
ฑๅ้ไฟก็คพ
90,416
Domestic Nominees
0.0%
+0.0% vs 2024
Trust bank custodians โ GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
68.2%
-7.7% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2021
2022
2023
2024
2025
้ๆพ ่ทฏๅจ
126.82%
61.40%
57.20%
56.49%
50.41%
-6.08%
็นๅฎ้ๅคไฟก่จๅ่จ่
ๆ ชๅผไผ็คพSMBCไฟก่จ้่ก
9.76%
4.83%
4.61%
4.55%
4.06%
-0.49%
ใฝใใผ
โ
โ
4.55%
4.50%
4.01%
-0.49%
ๆธ
ๆฐด ๅช
3.74%
2.82%
3.03%
3.28%
3.20%
-0.08%
SBI Securities Co., Ltd.
SBI่จผๅธ
โ
1.04%
โ
2.11%
1.75%
-0.36%
็ฏ ๅก ๅญๅ
3.94%
1.95%
1.86%
1.84%
1.64%
-0.20%
ใใทใฅใผในใใฃใณ ใใใผใใช
2.38%
1.17%
1.12%
1.11%
0.99%
-0.12%
Rakuten Securities, Inc.
ๆฅฝๅคฉ่จผๅธ
โ
โ
0.66%
0.64%
0.94%
+0.30%
ใทใใใฃใขใณใปใขใณใใฌใใฌใใผใบใใกใณใๆ่ณไบๆฅญๆ้่ฒฌไปป็ตๅ
1.54%
0.76%
0.73%
0.72%
0.64%
-0.08%
ไธ่ฌ็คพๅฃๆณไบบๅ
ฑๅ้ไฟก็คพ
โ
โ
โ
0.59%
0.53%
-0.06%
Nomura Securities Co., Ltd.
้ๆ่จผๅธ
last seen 2021
Exited Top 10
1.40%
โ
โ
โ
โ
Custody Bank of Japan, Ltd. (Trust Account)
ๆฅๆฌใซในใใใฃ้่ก
last seen 2023
Exited Top 10
1.78%
0.77%
0.52%
โ
โ
ๅฐไบๅ ๅคชไธ
last seen 2022
Exited Top 10
โ
0.45%
โ
โ
โ
UBS AG
UBS
last seen 2021
Exited Top 10
0.72%
โ
โ
โ
โ
JPMorgan Chase Bank, N.A.
JP Morgan
last seen 2023
Exited Top 10
โ
โ
0.46%
โ
โ
Mizuho Securities Co., Ltd.
ใฟใใป่จผๅธ
last seen 2022
Exited Top 10
โ
0.53%
โ
โ
โ
Morgan Stanley
Morgan Stanley
last seen 2021
Exited Top 10
1.12%
โ
โ
โ
โ
Concentration (HHI)
โ
16223
3809
3329
3253
2592
5 fiscal years ยท top-10 holders per year ยท >2,500 HHI = high concentration ยท entity-resolved
โ CSV
Date Shareholder Stake Event Flag Demands Source
2026-06-03
Roi Shigematsu (individual) and Office Shigematsu K.K.
50.41%
decrease
Passive
โ
2025-09-04
Roi Shigematsu
56.37%
-0.87%
change
Passive
โ
2023-05-25
Roi Shigematsu
57.24%
change
Passive
โ
Date
Category
Summary
Amount
2026-03-05
๐ค Management Change
Board
The company announced a change in its accounting auditor effective March 27, 2026. ES Next Limited Liability Audit Corporation will retire upon completion of the 8th Regular Shareholders Meeting, and will be replaced by Avantia Audit Corporation. The change is driven by the need for audit capabilities better suited to the company's M&A-focused growth strategy and group expansion.
โ
โบ
Summary
The company announced a change in its accounting auditor effective March 27, 2026. ES Next Limited Liability Audit Corporation will retire upon completion of the 8th Regular Shareholders Meeting, and will be replaced by Avantia Audit Corporation. The change is driven by the need for audit capabilities better suited to the company's M&A-focused growth strategy and group expansion.
Counterparty: ็ฃๆปๆณไบบใขใดใกใณใใฃใข (Avantia Audit Corporation); ESใใฏในใๆ้่ฒฌไปป็ฃๆปๆณไบบ (ES Next Limited Liability Audit Corporation)
ๅฝ็คพใฐใซใผใใฎใใใชใไบๆฅญๆกๅคงใ่ฆๆฎใใ็พๅจใฎไบๆฅญๅ
ๅฎนใM&Aใไธญๅฟใจใใๆ้ทๆฆ็ฅใจใใใซไผดใใฐใซใผใใฎๆกๅคงใธใฎๅฏพๅฟใซ้ฉใใ็ฃๆปไฝๅถใธใฎ็งป่กใๆค่จใใฆใพใใใพใใใ
โ
2026-02-12
๐ค M&A
Acquisition
The company decided via board resolution on February 12, 2026, to acquire 100% of the shares of two subsidiaries: Pomato Pro Inc. (Tokyo-based event planning company) and Cactus Inc. (Osaka-based event/promotion company). The acquisitions are scheduled to close on February 28, 2026 and April 1, 2026 respectively, with the goal of accelerating AI technology development and solutions in the entertainment sector.
โ
โบ
Summary
The company decided via board resolution on February 12, 2026, to acquire 100% of the shares of two subsidiaries: Pomato Pro Inc. (Tokyo-based event planning company) and Cactus Inc. (Osaka-based event/promotion company). The acquisitions are scheduled to close on February 28, 2026 and April 1, 2026 respectively, with the goal of accelerating AI technology development and solutions in the entertainment sector.
Counterparty: ๆ ชๅผไผ็คพใใใใปใใญ, ๆ ชๅผไผ็คพใซใฏใฟใน
ๅฝ็คพใฏใ2026ๅนด๏ผๆ12ๆฅไปใฎๅ็ท ๅฝนไผๆฑบ่ญฐใซใใใๆ ชๅผไผ็คพใใใใปใใญๅใณๆ ชๅผไผ็คพใซใฏใฟในใฎๅ
จๆ ชๅผใๅๅพใใๅญไผ็คพๅใใใใจใๆฑบๅฎใใใใพใใใ
โ