Commerce One Holdings Inc.

4496 株式会社コマースOneホールディングス

Software - Infrastructure · Growth

PRICE: ¥798 · MKT CAP: ¥5.7B · P/E: 18.6x · P/B: 2.14x · DIV YIELD: 2.5%

PRICE — 5Y

Characteristics & Business Summary

Commerce One Holdings Inc. provides solutions for e-commerce business operators to start and operate their businesses in Japan. The company provides futureshop, a SaaS e-commerce platform that includes commerce creator. It also offers package software that...

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

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Net Sales	2,520	2,940	3,196	3,557	3,693	3,896	4,345
Operating Profit	572	677	580	644	638	381	500
Ordinary Profit	588	717	608	702	423	472	—
Net Profit	393	496	441	415	92	302	326
EPS	¥105	¥66	¥60	¥58	¥13	¥42	¥47
DPS	¥0	¥0	¥0	¥38	¥20	¥10	¥42

Balance Sheet & Valuation Highlights

Total Assets ¥4B

Net Assets (Equity) ¥3B

Equity Ratio 72.1%

ROE (Return on Equity) 12.5%

Cash & Equivalents ¥2B

Interest-Bearing Debt ¥0B

Capital Expenditure (CapEx) ¥0B

Depreciation & Amort. ¥0B

Major Shareholders

1. 岡本高彰 30.4%
2. Citibank, N.A. 24.0%
3. Hikari Tsushin, Inc. 6.6%
4. 株式会社イー・エージェンシー 4.2%
5. 株式会社フューチャースピリッツ 3.7%
6. 伏見裕子 3.7%
7. 木下圭一郎 3.0%
8. 北川輝信 2.1%
9. Custody Bank of Japan, Ltd. (Trust Account) 2.1%
10. Northern Trust Company 1.5%

Activist Activity

Hikari Tsushin K.K. 7.52%

2026-05-26 · increase

Hikari Tsushin K.K. 7.47%

2025-09-26 · change

Hikari Tsushin K.K. 7.09%

2025-07-07 · change

Future Spirits Co., Ltd. 3.68%

2025-01-30 · correction

Hikari Tsushin K.K. 6.02%

2025-01-14 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues per share	¥670	¥391	¥435	¥495	¥519	¥547	—
FCF/Share	¥123	¥68	¥21	¥108	¥67	¥43	—
EPS	¥105	¥66	¥60	¥58	¥13	¥42	¥47
DPS	¥0	¥0	¥0	¥38	¥20	¥10	¥42
Capital Spending per share	¥1	¥0	¥1	¥0	¥8	¥1	—
Book Value per share	¥414	¥273	¥321	¥343	¥330	¥341	—
Common Shares Outstanding	4M	8M	7M	7M	7M	—	—

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues (Net Sales)	¥3B	¥3B	¥3B	¥4B	¥4B	¥4B	¥4B
Operating Margin (%)	22.7%	23.0%	18.2%	18.1%	17.3%	9.8%	11.5%
Net Profit (owners)	¥0B	¥0B	¥0B	¥0B	¥0B	¥0B	¥0B
Net Profit Margin (%)	15.6%	16.9%	13.8%	11.7%	2.5%	7.8%	7.5%
Working Capital	¥1B	¥1B	¥1B	¥1B	¥1B	¥1B	—
Total Debt (Interest-bearing)	¥0B	¥0B	¥0B	¥0B	¥0B	¥0B	—
Net Worth (Common Equity)	¥2B	¥2B	¥2B	¥2B	¥2B	¥2B	—
Return on Total Assets (ROA)	15.2%	16.0%	12.6%	10.7%	2.6%	8.3%	—
Return on Common Equity (ROE)	25.3%	24.2%	18.7%	16.8%	3.9%	12.5%	—

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.