4712
KeyHolder,Inc.
株式会社KeyHolder
Services
KeyHolder, Inc., together with its subsidiaries, engages in entertainment intellectual properties (IP) and operation, TV and video production, and advertising agency businesses in Japan. The company focuses on managing and operating IP, including music, artists/talents, video works, games, characters, etc., as well as holding events. It also produces video content, such as TV dramas and participates in movie production committees; and casts artists/talents to the managing and operating of YouTube video advertisements. The company was formerly known as ADORES, Inc. and changed its name to KeyHolder, Inc. in October 2017. KeyHolder, Inc. was founded in 1964 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
¥35.6B
¥31.1B
¥27.5B
¥22.1B
¥16.8B
Cost of Sales
¥29.3B
¥26.0B
¥23.0B
¥17.8B
¥13.1B
Gross Profit
¥6.3B
¥5.1B
¥4.6B
¥4.2B
¥3.7B
SG&A
¥5.7B
¥5.0B
¥3.9B
¥3.7B
¥3.9B
Operating Income
¥1.6B
¥2.8B
¥2.0B
¥2.0B
¥743M
Non-Operating Income
¥43M
¥22M
¥9M
¥236M
¥255M
Interest Income
¥12M
¥6M
¥4M
¥6M
¥8M
Non-Operating Expenses
¥558M
¥197M
¥72M
¥85M
¥309M
Interest Expense
¥530M
¥176M
¥46M
¥51M
¥63M
Pre-tax Income
¥1.1B
¥2.6B
¥1.9B
¥2.2B
¥689M
Net Income (owners)
¥857M
¥2.5B
¥2.1B
¥1.9B
¥461M
Minority Interest
¥142M
¥-230M
¥-31M
¥-20M
¥-86M
Comprehensive Income
¥1.0B
¥2.3B
¥2.1B
¥1.9B
¥353M
EBITDA
¥4.1B
¥4.4B
¥3.0B
¥3.0B
¥1.8B
EPS
¥45.56
¥133.01
¥113.17
¥99.75
¥26.53
Shares Outstanding
18.8M
18.8M
18.5M
18.8M
18.9M
Shares Issued (total)
19.0M
19.0M
19.0M
19.0M
19.0M
Treasury Shares
0.1M
0.1M
0.5M
0.1M
0.0M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥54.8B
¥54.3B
¥27.2B
¥26.4B
¥27.7B
Current Assets
¥12.3B
¥10.4B
¥10.3B
¥9.6B
¥9.9B
Cash & Deposits
¥5.1B
¥4.1B
¥5.1B
¥4.5B
¥3.6B
Non-Current Assets
¥42.6B
¥43.9B
¥16.9B
¥16.8B
¥17.8B
PP&E
¥22.0B
¥23.2B
¥938M
¥1.2B
¥1.6B
Goodwill
¥5.9B
¥5.6B
¥5.2B
¥5.2B
¥5.2B
Intangible Assets
¥906M
¥1.3B
¥1.6B
¥2.0B
¥1.9B
Deferred Tax Assets
¥278M
¥233M
¥317M
¥61M
¥19M
Total Liabilities
¥32.1B
¥32.3B
¥7.7B
¥8.4B
¥11.3B
Current Liabilities
¥9.9B
¥8.8B
¥5.5B
¥5.4B
¥7.3B
ST Debt
¥1.3B
¥1.2B
¥882M
¥846M
¥1.4B
Non-Current Liabilities
¥22.2B
¥23.5B
¥2.2B
¥3.1B
¥4.0B
Total LT Borrowings
¥3.0B
¥3.1B
¥1.1B
¥1.1B
¥1.7B
Deferred Tax Liab.
¥417M
¥479M
¥135M
¥514M
¥590M
Total Equity
¥22.8B
¥21.9B
¥19.5B
¥18.0B
¥16.4B
Capital Surplus
¥14.2B
¥14.2B
¥14.7B
¥14.7B
¥8.2B
Retained Earnings
¥8.4B
¥7.7B
¥5.6B
¥3.6B
¥2.0B
Treasury Stock
¥-133M
¥-133M
¥-441M
¥-95M
¥-29M
AOCI
¥72M
¥73M
¥74M
¥87M
¥78M
Equity (owners)
¥22.6B
¥21.9B
¥20.0B
¥18.4B
¥16.8B
Minority Interests
¥148M
¥6M
¥-438M
¥-395M
¥-376M
Total Interest-Bearing Debt ⓘ
¥4.3B
¥4.3B
¥2.0B
¥2.0B
¥3.1B
Net Cash ⓘ
¥766M
¥-218M
¥3.1B
¥2.5B
¥477M
NCAV ⓘ
¥-19.8B
¥-21.9B
¥2.6B
¥1.2B
¥-1.4B
NCAV/Share
¥-1,053
¥-1,164
¥143
¥62
¥-77
BV/Share
¥1,201
¥1,165
¥1,080
¥976
¥886
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥3.2B
¥2.3B
¥1.1B
¥1.6B
¥677M
D&A
¥2.5B
¥1.5B
¥1.0B
¥988M
¥1.0B
Investing CF
¥252M
¥-3.9B
¥665M
¥1.5B
¥58M
CapEx
¥159M
¥155M
¥114M
¥77M
¥107M
Purchase Investments
—
¥-6M
—
¥-118M
—
Financing CF
¥-2.4B
¥582M
¥-1.2B
¥-2.2B
¥-522M
Free Cash Flow
¥3.0B
¥2.2B
¥959M
¥1.6B
¥570M
Net Change in Cash
¥986M
¥-973M
¥545M
¥931M
¥213M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
3.8%
12.1%
11.3%
10.9%
2.8%
ROA
1.6%
6.1%
7.9%
6.9%
1.7%
EPS
¥45.56
¥133.01
¥113.17
¥99.75
¥26.53
DPS
¥10.00
¥10.00
¥20.00
¥10.00
¥10.00
FCF/Share
¥160
¥117
¥52
¥83
¥30
NCAV/Share
¥-1,053
¥-1,164
¥143
¥62
¥-77
Payout Ratio
21.9%
7.5%
17.7%
10.0%
37.7%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 12
Date Activist Stake Event Flag Demands Source
2026-05-12
J Trust Co.,Ltd.
37.77%
+7.95%
change
Passive
—
2026-02-02
J Trust Co.,Ltd.
29.82%
change
Passive
—
2024-10-03
Nobuyoshi Fujisawa
7.99%
change
Passive
—
2024-06-14
J Trust Co.,Ltd.
29.82%
change
Passive
—
2024-06-07
Nobuyoshi Fujisawa
7.99%
change
Passive
—
2023-08-16
Nobuyoshi Fujisawa
7.99%
initial_5pct
Passive
—
2023-08-16
Masashi Kurata
—
exit
Passive
—
2023-08-04
Masashi Kurata
5.56%
correction
Passive
—
2023-08-02
Masashi Kurata
5.56%
correction
Passive
—
2023-07-21
SBI SECURITIES Co.,Ltd.
0.9%
change
Passive
—
2023-07-20
Masashi Kurata
5.56%
change
Passive
—
2023-05-24
Masashi Kurata
5.56%
change
Passive
—
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
J Trust Co.,Ltd.
Jトラスト株式会社
5,656
30.06%
2
秋元 康
1,440
7.65%
3
株式会社表参道キャピタル
1,372
7.29%
4
SMEJ Plus
株式会社SMEJ Plus
491
2.61%
5
森田 篤
378
2.01%
6
株式会社フォースリー
299
1.59%
7
赤塚 善洋
297
1.58%
8
DAIICHIKOSHO CO. , LTD.
株式会社第一興商
294
1.57%
9
髙澤 真
262
1.40%
10
野村證券株式会社
226
1.20%
Domestic Nominees
0.0%
+0.0% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
57.0%
+0.0% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
J Trust Co.,Ltd.
Jトラスト
30.61%
30.05%
30.06%
+0.01%
秋元 康
7.79%
7.65%
7.65%
式会社表参道キャピタル
7.42%
7.29%
7.29%
SMEJ Plus
式会社SMEJ Plus
2.66%
2.61%
2.61%
森田 篤
2.04%
2.01%
2.01%
式会社フォースリー
1.62%
1.59%
1.59%
赤塚 善洋
1.61%
1.58%
1.58%
DAIICHIKOSHO CO. , LTD.
式会社第一興商
1.59%
1.57%
1.57%
髙澤 真
—
1.40%
1.40%
野村證券
NEW ENTRY
—
—
—
1.20%
NEW
DENTSU GROUP INC.
式会社電通グループ
last seen 2024
Exited Top 10
1.20%
1.18%
—
楽天証券
last seen 2023
Exited Top 10
0.92%
—
—
Concentration (HHI)
ⓘ
1074
1036
1037
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved