BeMap, Inc. engages in the mobile system integration business in Japan. The company operates through Mobility Innovation, Wireless Innovation, and Solution Business segments. It offers systems for railways, including route search services, as well as allows railway service companies to provide users with information using content management system (CMS) Wi-Fi infrastructures. The company also develops and maintains CMS for Wi-Fi; and Wi-Fi authentication systems that supports public wireless LAN services for telecommunication carriers. In addition, it provides systems for individuals to use a public wireless LAN at railway stations, airports, convenience stores, restaurants, and other places through telecommunication carriers and railway operators; and cloud-based digital video recording services. Further, the company offers 02020, an on-air to online to offline solution; TV metadata services; MMS business, content print business; and website/software development services. BeMap, Inc. was incorporated in 1998 and is based in Tokyo, Japan.
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Financials
Ownership
Material Events
Income Statement
Balance Sheet
Cash Flow
Ratios & Growth
Metric
FY 2025
TDnet
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
FY 2020
EDINET โ
Net Sales
ยฅ1.7B
ยฅ1.5B
ยฅ1.6B
ยฅ1.0B
ยฅ1.0B
ยฅ1.3B
Cost of Sales
ยฅ1.1B
ยฅ829M
ยฅ876M
ยฅ572M
ยฅ556M
ยฅ728M
Gross Profit
ยฅ670M
ยฅ666M
ยฅ723M
ยฅ470M
ยฅ465M
ยฅ616M
SG&A
ยฅ768M
ยฅ848M
ยฅ795M
ยฅ651M
ยฅ610M
ยฅ569M
Operating Income
ยฅ-98M
ยฅ-183M
ยฅ-72M
ยฅ-181M
ยฅ-145M
ยฅ47M
Non-Operating Income
ยฅ3M
ยฅ2M
ยฅ4M
ยฅ5M
ยฅ6M
ยฅ14M
Dividend Income
โ
โ
ยฅ2M
ยฅ3M
โ
โ
Interest Income
โ
ยฅ0M
ยฅ0M
ยฅ1M
ยฅ1M
ยฅ1M
Non-Operating Expenses
โ
ยฅ10M
ยฅ5M
ยฅ12M
ยฅ10M
ยฅ2M
Interest Expense
โ
ยฅ2M
ยฅ1M
โ
ยฅ0M
ยฅ2M
Ordinary Income
ยฅ-101M
ยฅ-190M
ยฅ-73M
ยฅ-188M
ยฅ-148M
ยฅ59M
Pre-tax Income
ยฅ-143M
ยฅ-180M
ยฅ148M
ยฅ-226M
ยฅ-173M
ยฅ56M
Income Taxes
ยฅ3M
ยฅ-1M
ยฅ11M
ยฅ-2M
ยฅ-17M
ยฅ15M
Current Tax
โ
ยฅ1M
ยฅ11M
ยฅ1M
ยฅ1M
ยฅ15M
Deferred Tax
โ
โ
โ
ยฅ-3M
ยฅ-18M
ยฅ-1M
Net Income (owners)
ยฅ-152M
ยฅ-180M
ยฅ156M
ยฅ-225M
ยฅ-156M
ยฅ41M
Minority Interest
โ
ยฅ0M
ยฅ-18M
ยฅ1M
ยฅ-1M
ยฅ0M
Comprehensive Income
โ
ยฅ-198M
ยฅ167M
ยฅ-224M
ยฅ-157M
ยฅ42M
EBITDA
ยฅ-97M
ยฅ-182M
ยฅ-65M
ยฅ-166M
ยฅ-137M
ยฅ57M
Goodwill Amort. (J-GAAP)
โ
โ
โ
ยฅ9M
โ
โ
EPS
ยฅ-43.38
ยฅ-55.49
ยฅ48.19
ยฅ-69.54
ยฅ-48.32
ยฅ12.85
Shares Outstanding
โ
3.2M
3.2M
3.2M
3.2M
3.2M
Shares Issued (total)
โ
3.2M
3.2M
3.2M
3.2M
3.2M
Treasury Shares
โ
0.0M
0.0M
0.0M
0.0M
0.0M
Metric
FY 2025
TDnet
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
FY 2020
EDINET โ
Total Assets
ยฅ938M
ยฅ929M
ยฅ1.2B
ยฅ1.0B
ยฅ941M
ยฅ1.3B
Current Assets
ยฅ856M
ยฅ836M
ยฅ1.1B
ยฅ895M
ยฅ759M
ยฅ1.1B
Cash & Deposits
ยฅ282M
ยฅ155M
ยฅ433M
ยฅ397M
ยฅ365M
ยฅ545M
Trade Receivables
โ
ยฅ525M
ยฅ489M
ยฅ389M
ยฅ255M
ยฅ551M
Non-Current Assets
ยฅ82M
ยฅ93M
ยฅ107M
ยฅ116M
ยฅ183M
ยฅ181M
PP&E
ยฅ9M
ยฅ9M
ยฅ9M
ยฅ38M
ยฅ35M
ยฅ32M
Intangible Assets
โ
ยฅ0M
ยฅ0M
ยฅ0M
ยฅ1M
ยฅ2M
Investment Securities
ยฅ27M
ยฅ38M
ยฅ50M
ยฅ28M
ยฅ94M
ยฅ98M
Total Liabilities
ยฅ435M
ยฅ424M
ยฅ467M
ยฅ433M
ยฅ189M
ยฅ384M
Current Liabilities
ยฅ355M
ยฅ330M
ยฅ357M
ยฅ310M
ยฅ161M
ยฅ356M
ST Debt
ยฅ134M
ยฅ14M
ยฅ14M
ยฅ4M
ยฅ0M
ยฅ200M
Taxes Payable
โ
ยฅ4M
ยฅ11M
ยฅ6M
ยฅ3M
ยฅ8M
Non-Current Liabilities
ยฅ80M
ยฅ94M
ยฅ110M
ยฅ123M
ยฅ28M
ยฅ28M
Total LT Borrowings
ยฅ54M
ยฅ68M
ยฅ82M
ยฅ96M
ยฅ0M
โ
Deferred Tax Liab.
โ
โ
ยฅ1M
โ
ยฅ3M
ยฅ4M
Total Equity
ยฅ503M
ยฅ505M
ยฅ703M
ยฅ578M
ยฅ753M
ยฅ931M
Capital Stock
โ
ยฅ935M
ยฅ933M
ยฅ933M
ยฅ931M
ยฅ930M
Capital Surplus
โ
ยฅ12M
ยฅ10M
ยฅ15M
ยฅ13M
ยฅ12M
Retained Earnings
ยฅ-729M
ยฅ-577M
ยฅ-398M
ยฅ-554M
ยฅ-329M
ยฅ-139M
Treasury Stock
โ
ยฅ-2M
ยฅ-2M
ยฅ-2M
ยฅ-2M
ยฅ-2M
AOCI
โ
ยฅ11M
โ
โ
โ
โ
Equity (owners)
ยฅ374M
ยฅ368M
ยฅ543M
ยฅ392M
ยฅ612M
ยฅ802M
Minority Interests
โ
ยฅ17M
ยฅ17M
ยฅ38M
ยฅ5M
ยฅ6M
Total Interest-Bearing Debt โ
ยฅ188M
ยฅ82M
ยฅ96M
ยฅ100M
ยฅ0M
ยฅ200M
Net Cash โ
ยฅ94M
ยฅ73M
ยฅ336M
ยฅ297M
ยฅ365M
ยฅ345M
NCAV โ
ยฅ421M
ยฅ411M
ยฅ596M
ยฅ462M
ยฅ570M
ยฅ750M
NCAV/Share
โ
ยฅ127
ยฅ184
ยฅ143
ยฅ177
ยฅ232
BV/Share
โ
ยฅ113
ยฅ168
ยฅ121
ยฅ190
ยฅ249
Metric
FY 2025
TDnet
FY 2024
EDINET โ
FY 2023
EDINET โ
FY 2022
EDINET โ
FY 2021
EDINET โ
FY 2020
EDINET โ
Operating CF
ยฅ-122M
ยฅ-250M
ยฅ-159M
ยฅ-177M
ยฅ66M
ยฅ-28M
Taxes Paid
โ
ยฅ12M
ยฅ-39M
โ
โ
โ
Interest Paid
โ
ยฅ-2M
ยฅ-1M
โ
ยฅ-0M
ยฅ-2M
Interest Received
โ
ยฅ0M
ยฅ3M
ยฅ3M
โ
โ
D&A
ยฅ1M
ยฅ1M
ยฅ7M
ยฅ6M
ยฅ8M
ยฅ10M
Goodwill Amort.
โ
โ
โ
ยฅ9M
โ
โ
Investing CF
ยฅ-9M
ยฅ-13M
ยฅ205M
ยฅ309M
ยฅ-46M
ยฅ-45M
CapEx
ยฅ17M
ยฅ2M
ยฅ3M
ยฅ0M
ยฅ9M
ยฅ6M
Purchase Investments
โ
โ
โ
โ
ยฅ-32M
ยฅ-50M
Proceeds from Invest.
โ
ยฅ11M
ยฅ210M
โ
ยฅ2M
โ
Financing CF
ยฅ258M
ยฅ-14M
ยฅ-10M
ยฅ0M
ยฅ-200M
ยฅ200M
LT Debt Repaid
โ
ยฅ-14M
ยฅ-4M
โ
โ
โ
Free Cash Flow
ยฅ-139M
ยฅ-253M
ยฅ-162M
ยฅ-178M
ยฅ57M
ยฅ-34M
Net Change in Cash
โ
ยฅ-278M
ยฅ36M
ยฅ132M
ยฅ-180M
ยฅ127M
Metric
FY 2025
TDnet
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
-30.1%
-29.7%
24.3%
-33.8%
-18.5%
4.5%
Return on Assets (ROA) โ
-16.2%
-17.1%
14.3%
-23.0%
-13.8%
3.2%
Gross Margin โ
38.9%
44.5%
45.2%
45.1%
45.5%
45.8%
Operating Margin โ
-5.7%
-12.2%
-4.5%
-17.4%
-14.2%
3.5%
Net Margin โ
-8.8%
-12.0%
9.7%
-21.6%
-15.3%
3.1%
Current Ratio โ
2.41x
2.53x
2.98x
2.89x
4.70x
3.18x
Quick Ratio โ
2.41x
2.53x
2.98x
2.89x
4.70x
3.18x
Revenue / Share โ
โ
ยฅ461
ยฅ494
ยฅ322
ยฅ317
ยฅ417
BV/Share โ
โ
ยฅ113
ยฅ168
ยฅ121
ยฅ190
ยฅ249
NCAV/Share โ
โ
ยฅ127
ยฅ184
ยฅ143
ยฅ177
ยฅ232
EPS โ
ยฅ-43.38
ยฅ-55.49
ยฅ48.19
ยฅ-69.54
ยฅ-48.32
ยฅ12.85
DPS โ
ยฅ0.00
ยฅ0.00
ยฅ0.00
ยฅ0.00
ยฅ0.00
ยฅ0.00
Payout Ratio โ
โ
โ
0.0%
โ
โ
0.0%
FCF/Share โ
โ
ยฅ-77.99
ยฅ-50.07
ยฅ-54.95
ยฅ17.68
ยฅ-10.50
Market Valuation
Avg daily close price for calendar year ร most recently reported EPS / DPS
Metric
CY2023
CY2024
CY2025
Avg P/E โ
34.7ร
EPS from 2021-03
8.5ร
EPS from 2024-03
14.8ร
EPS from 2024-03
Avg Div Yield โ
0.00%
DPS from 2023-03
0.00%
DPS from 2024-03
0.00%
DPS from 2025-03
Avg Daily Close
ยฅ446
ยฅ411
ยฅ715
Growth Rates (CAGR)
Metric
3yr CAGR (FY2022โ2025)
5yr CAGR (FY2020โ2025)
Stock Price
-36.7%
-28.8%
Sales
+18.2%
+5.1%
FCF/Share
โ
โ
EPS
โ
โ
DPS
โ
โ
BV/Share
-15.8%
โ
NCAV/Share
-10.4%
โ
No capital allocation signals recorded for this company.
Top 10 Shareholders
Ownership DNA
Large Shareholder Reports 8
#
Shareholder
Shares (thou.)
% of Total
1
ๆ้ ๆๅ
226,700
2
Rakuten Securities, Inc.
ๆฅฝๅคฉ่จผๅธๆ ชๅผไผ็คพ
120,400
3
้ต่ฐท ๆๅ
64,500
4
ๆธ
ๆฐด ๅ็พ
60,300
5
Matsui Securities Co., Ltd.
ๆพไบ่จผๅธๆ ชๅผไผ็คพ
48,800
6
NOMURA INTERNATIONAL PLC A/C JAPAN FLOW ๏ผๅธธไปปไปฃ็ไบบ ้ๆ่ญๅธๆ ชๅผไผ็คพ๏ผ
42,598
7
ๅไน
็ฐ ไธๅไปฃ
40,800
8
SBI Securities Co., Ltd.
ๆ ชๅผไผ็คพ๏ผณ๏ผข๏ผฉ่จผๅธ
27,981
9
ๆจช็ฐ ๅคง่ผ
25,700
10
ๆฌๅฑๆท ไผธไธ
25,000
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
21.0%
-1.6% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2022
2023
2024
2025
ๆ้ ๆๅ
14.84%
7.07%
7.12%
6.99%
-0.13%
Rakuten Securities, Inc.
ๆฅฝๅคฉ่จผๅธ
2.64%
0.94%
1.95%
3.71%
+1.76%
้ต่ฐท ๆๅ
2.18%
1.87%
1.93%
1.99%
+0.06%
ๆธ
ๆฐด ๅ็พ
3.08%
1.68%
1.86%
1.86%
Matsui Securities Co., Ltd.
ๆพไบ่จผๅธ
3.36%
1.74%
1.35%
1.50%
+0.15%
NOMURA INTERNATIONAL PLC A/C JAPAN FLOW
NEW ENTRY
โ
โ
โ
โ
1.31%
NEW
ๅไน
็ฐ ไธๅไปฃ
2.28%
1.17%
1.26%
1.25%
-0.01%
SBI Securities Co., Ltd.
SBI่จผๅธ
8.48%
3.63%
4.37%
0.86%
-3.51%
ๆจช็ฐ ๅคง่ผ
NEW ENTRY
โ
0.77%
โ
0.79%
NEW
ๆฌๅฑๆท ไผธไธ
NEW ENTRY
โ
โ
โ
โ
0.77%
NEW
ๆฐด้ ่ฆชๅ
last seen 2024
Exited Top 10
โ
โ
1.10%
โ
ๅฉๅท ็พๆบๅญ
last seen 2024
Exited Top 10
โ
โ
0.88%
โ
JPMorgan Securities Japan Co., Ltd.
JPใขใซใฌใณ่จผๅธ
last seen 2024
Exited Top 10
โ
1.00%
0.82%
โ
ไฝใ
ๆจ ็ๅธ
last seen 2022
Exited Top 10
1.48%
โ
โ
โ
ๆธ็ฐ ๅฎ้
last seen 2022
Exited Top 10
1.50%
โ
โ
โ
ๆธก้ ไฟๅ
ธ
last seen 2023
Exited Top 10
3.62%
1.16%
โ
โ
Concentration (HHI)
โ
347
78
87
78
4 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
2026-04-02
SpicyCompany.Inc
4.22%
-6.34%
change
Passive
โ
2026-02-06
SpicyCompany.Inc
10.56%
+1.0%
change
Passive
โ
2026-01-19
SpicyCompany.Inc
9.56%
+0.56%
change
Passive
โ
2026-01-16
SpicyCompany.Inc
9.0%
+1.0%
change
Passive
โ
2025-12-09
SpicyCompany.Inc
8.0%
+1.0%
change
Passive
โ
2025-07-29
SpicyCompany.Inc
7.0%
correction
Passive
โ
2025-07-25
SpicyCompany.Inc
7.0%
initial_5pct
Passive
โ
2025-04-21
HAMA medical services inc
7.34%
initial_5pct
Passive
โ
Date
Category
Summary
Amount
2026-02-10
๐ค Governance
Shareholder Rights
SpicyCompany has increased its shareholding from 9.56% to 10.57% of total voting rights, crossing a significant threshold as a major shareholder. This change is reported pursuant to the Financial Instruments and Exchange Act Article 24-5(4) and the Cabinet Office Ordinance on Disclosure of Corporate Information. The shareholding change occurred on February 2, 2026, based on a large shareholding report submitted by the investor.
โ
โบ
Summary
SpicyCompany has increased its shareholding from 9.56% to 10.57% of total voting rights, crossing a significant threshold as a major shareholder. This change is reported pursuant to the Financial Instruments and Exchange Act Article 24-5(4) and the Cabinet Office Ordinance on Disclosure of Corporate Information. The shareholding change occurred on February 2, 2026, based on a large shareholding report submitted by the investor.
Counterparty: SpicyCompany
ๅฝ็คพใฎไธป่ฆๆ ชไธปใซ็ฐๅใใใใพใใใฎใงใ้่ๅๅๅๅผๆณ็ฌฌ24ๆกใฎ5็ฌฌ4้
ๅใณไผๆฅญๅ
ๅฎน็ญใฎ้็คบใซ้ขใใๅ
้ฃๅบไปค็ฌฌ19ๆก็ฌฌ2้
็ฌฌ4ๅทใฎ่ฆๅฎใซๅบใฅใๆๅบใใใใฎใงใใใพใใ
โ