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BBD Initiative Inc.
BBDイニシアティブ株式会社
Technology · Software - Infrastructure
BBD Initiative Inc., together with its subsidiaries, develops and sells SaaS cloud services for corporations in Japan. It operates through Digital Transformation (DX) Business and Business Process Outsourcing (BPO) Business segments. The company offers Knowledge Suite, a cloud-based sales support tool that integrates sales support, customer management, groupware, and other applications necessary for business; Knowledge Suite Plus, a business card management CRM; AI Agent X AI File Box, which create an AI that utilizes internal information by uploading PDF or Word files; Ojidosan ARPA, a robotic process automation tool; Shelter, a business application platform; Robot ID, a secure authentication integrated management application; and AI x Inside Sales (BDR), which uses AI to extract companies to support inside sales. It also provides Papatto Cloud, a sales list creation service; and Business Boost, a customer acquisition support service that provides stock photos, as well as implementation support services. In addition, the company offers contracted website production and maintenance to support companies' web marketing activities; contracted development and maintenance services for various systems; operation and maintenance of OEM services; digital transformation training services; system engineering; and IT human resources services. BBD Initiative Inc. was founded in 2006 and is headquartered in Minato, Japan.
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
Net Sales
¥4.4B
¥4.1B
¥3.6B
Cost of Sales
¥2.7B
¥2.4B
¥2.0B
Gross Profit
¥1.7B
¥1.7B
¥1.6B
SG&A
¥1.5B
¥1.4B
¥1.4B
Operating Income
¥-352M
¥285M
¥23M
Non-Operating Income
¥2M
¥0M
¥0M
Interest Income
¥2M
¥0M
¥0M
Non-Operating Expenses
¥21M
¥19M
¥12M
Interest Expense
¥21M
¥19M
¥12M
Pre-tax Income
¥-371M
¥267M
¥10M
Net Income (owners)
¥-377M
¥165M
¥31M
Comprehensive Income
¥-390M
¥165M
¥34M
EBITDA
¥-10M
¥597M
¥344M
EPS
¥-63.60
¥31.22
¥5.93
Shares Outstanding
6.1M
5.3M
5.3M
Shares Issued (total)
6.1M
5.3M
5.3M
Treasury Shares
0.0M
0.0M
0.0M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
Total Assets
¥4.0B
¥4.1B
¥3.7B
Current Assets
¥2.0B
¥1.4B
¥1.2B
Cash & Deposits
¥1.4B
¥743M
¥668M
Non-Current Assets
¥2.0B
¥2.7B
¥2.5B
PP&E
¥40M
¥45M
¥53M
Goodwill
¥628M
¥844M
¥628M
Intangible Assets
¥828M
¥1.3B
¥1.2B
Deferred Tax Assets
¥207M
¥91M
¥153M
Total Liabilities
¥2.2B
¥2.9B
¥2.7B
Current Liabilities
¥1.6B
¥1.9B
¥1.6B
Non-Current Liabilities
¥584M
¥936M
¥1.0B
Deferred Tax Liab.
¥10M
¥17M
¥16M
Total Equity
¥1.8B
¥1.3B
¥1.1B
Capital Surplus
¥714M
¥286M
¥264M
Retained Earnings
¥-119M
¥258M
¥96M
Treasury Stock
¥-0M
¥-0M
—
AOCI
¥-13M
¥2M
¥0M
Equity (owners)
¥1.8B
¥1.3B
¥1.1B
Net Cash ⓘ
¥1.4B
¥743M
¥668M
NCAV ⓘ
¥-210M
¥-1.4B
¥-1.5B
NCAV/Share
¥-34
¥-275
¥-276
BV/Share
¥287
¥243
¥207
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
Operating CF
¥677M
¥555M
¥530M
D&A
¥342M
¥312M
¥321M
Investing CF
¥-235M
¥-530M
¥-371M
CapEx
¥6M
¥5M
¥3M
Purchase Investments
—
¥-11M
—
Financing CF
¥177M
¥50M
¥-214M
Free Cash Flow
¥672M
¥550M
¥527M
Net Change in Cash
¥619M
¥75M
¥-55M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
ROE
-24.8%
13.9%
2.8%
ROA
-9.3%
4.2%
0.8%
EPS
¥-63.60
¥31.22
¥5.93
DPS
—
¥7.00
—
FCF/Share
¥110
¥104
¥100
NCAV/Share
¥-34
¥-275
¥-276
Payout Ratio
—
22.4%
—
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 25
Date Activist Stake Event Flag Demands Source
2025-08-29
Headwaters Co.,Ltd.
26.13%
initial_5pct
Passive
—
2025-08-29
Headwaters Co.,Ltd.
26.13%
correction
Passive
—
2025-08-28
Tatsuro Kiyohara
—
correction
Passive
—
2025-08-27
Tatsuro Kiyohara
—
exit
Passive
—
2025-03-07
YUICHI INABA
28.54%
change
Passive
—
2025-03-07
YUICHI INABA
28.54%
correction
Passive
—
2025-02-07
Growth Capital Inc.
4.35%
-0.76%
change
Passive
—
2025-01-30
Growth Capital Inc.
5.11%
-1.15%
change
Passive
—
2025-01-27
Growth Capital Inc.
6.26%
-0.8%
change
Passive
—
2025-01-22
Growth Capital Inc.
7.06%
-1.02%
change
Passive
—
2025-01-15
Growth Capital Inc.
8.08%
-0.48%
change
Passive
—
2025-01-14
Growth Capital Inc.
8.56%
-1.15%
change
Passive
—
2024-12-25
Growth Capital Inc.
9.71%
-0.56%
change
Passive
—
2024-12-04
Growth Capital Inc.
10.27%
-1.64%
change
Passive
—
2024-12-02
Growth Capital Inc.
11.91%
-1.26%
change
Passive
—
2024-11-28
Growth Capital Inc.
13.17%
-1.17%
change
Passive
—
2024-11-26
Growth Capital Inc.
14.34%
-2.71%
change
Passive
—
2024-11-22
Growth Capital Inc.
17.05%
-0.01%
change
Passive
—
2024-04-17
Growth Capital Inc.
17.06%
initial_5pct
Passive
—
2024-04-02
YUICHI INABA
33.1%
change
Passive
—
2023-11-14
Tatsuro Kiyohara
30.31%
initial_5pct
Passive
—
2023-11-14
Tower Investment Management Co., Ltd.
—
exit
Passive
—
2023-09-01
Tower Investment Management Co., Ltd.
30.31%
change
Passive
—
2023-07-12
YUICHI INABA
33.1%
correction
Passive
—
2023-07-10
YUICHI INABA
33.1%
change
Passive
—
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
株式会社ヘッドウォータース
1,599,100
26.13%
2
稲葉 雄一
1,375,747
22.48%
3
インフィニティアセットマネジメント株式会社
300,786
4.91%
4
柳沢 貴志
214,100
3.50%
5
飯岡 晃樹
182,233
2.98%
6
飯沼 達也
129,200
2.11%
7
株式会社WOW WORLD
103,000
1.68%
8
稲葉 貴美子
70,000
1.14%
9
米田 幸雄
30,700
0.50%
10
宮地 晃照
20,000
0.33%
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
65.8%
-11.6% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
式会社ヘッドウォータース
NEW ENTRY
—
—
—
26.13%
NEW
稲葉 雄一
26.08%
22.28%
22.48%
+0.20%
インフィニティアセットマネジメント
5.70%
5.70%
4.91%
-0.79%
柳沢 貴志
4.03%
4.03%
3.50%
-0.53%
飯岡 晃樹
3.87%
3.65%
2.98%
-0.67%
飯沼 達也
—
3.72%
2.11%
-1.61%
式会社WOW WORLD
1.95%
1.95%
1.68%
-0.27%
稲葉 貴美子
1.33%
1.33%
1.14%
-0.19%
米田 幸雄
NEW ENTRY
—
—
—
0.50%
NEW
宮地 晃照
NEW ENTRY
—
—
—
0.33%
NEW
清原 達郎
last seen 2024
Exited Top 10
—
30.31%
—
グロース・キャピタル
last seen 2024
Exited Top 10
—
3.79%
—
宮地 清嗣
last seen 2024
Exited Top 10
—
0.65%
—
岡原 達也
last seen 2023
Exited Top 10
3.83%
—
—
NOMURA CUSTODY NOMINEES LTD - TK1 LIMITED
last seen 2023
Exited Top 10
20.43%
—
—
NOMURA CUSTODY NOMINEES LIMITED OMNIBUS-FULLY PAID (CASHPB)
last seen 2023
Exited Top 10
6.66%
—
—
NCSN-SHOKORO LIMITED
last seen 2023
Exited Top 10
3.21%
—
—
Concentration (HHI)
ⓘ
1236
1511
1242
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved