7111
INEST,Inc.
INEST株式会社
Wholesale Trade
INEST, Inc. engages in the solutions support business for corporate enterprises and individual consumers. The company offers mobile devices, new power companies, and office equipment; and business process outsourcing, as well as providers services to customers, such as water servers, new electricity providers, and internet lines. It also engages in the development of marketing solutions that provide product planning and development, sales, support, and business processing support; and subscription-based products, as well as provides mobile products and digital marketing services. The company was formerly known as Universal Solution Systems Inc. and changed name to INEST, Inc. in July 2016. INEST, Inc. was founded in 1996 and is headquartered in Minato, Japan.
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⚠ TSE Capital Mandate
P / Book
0.70×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Net Sales
¥18.2B
¥19.0B
¥10.5B
¥7.9B
Cost of Sales
¥3.2B
¥2.8B
¥1.2B
¥434M
Gross Profit
¥15.0B
¥16.2B
¥9.3B
¥7.5B
SG&A
¥15.2B
¥16.0B
¥9.2B
¥7.4B
Operating Income
¥255M
¥208M
¥238M
¥202M
Non-Operating Income
—
¥0M
¥0M
¥0M
Non-Operating Expenses
—
¥108M
¥56M
¥45M
Ordinary Income
¥160M
—
—
—
Pre-tax Income
¥160M
¥101M
¥179M
¥156M
Net Income (owners)
¥180M
¥42M
¥-149M
¥450M
Minority Interest
—
¥-19M
¥7M
—
Comprehensive Income
—
¥-5M
¥217M
¥1.1B
EBITDA
¥681M
¥692M
¥530M
¥400M
EPS
¥24.74
¥0.39
¥-1.49
¥4.95
Shares Outstanding
—
109.6M
109.6M
90.9M
Shares Issued (total)
—
109.6M
109.6M
90.9M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Total Assets
¥11.2B
¥13.7B
¥13.2B
¥8.1B
Current Assets
¥5.0B
¥4.8B
¥5.0B
¥4.7B
Cash & Deposits
¥2.1B
¥1.7B
¥1.6B
¥1.6B
Non-Current Assets
¥6.2B
¥8.9B
¥8.2B
¥3.4B
PP&E
¥157M
¥229M
¥177M
¥118M
Goodwill
—
¥4.1B
¥4.1B
¥1.6B
Intangible Assets
—
¥1.2B
¥1.3B
¥83M
Deferred Tax Assets
—
¥120M
¥128M
¥62M
Total Liabilities
¥6.1B
¥8.7B
¥8.3B
¥4.5B
Current Liabilities
¥3.1B
¥4.6B
¥4.1B
¥3.0B
Non-Current Liabilities
¥3.0B
¥4.1B
¥4.2B
¥1.5B
Deferred Tax Liab.
—
¥131M
¥233M
—
Total Equity
¥5.1B
¥4.9B
¥4.9B
¥3.6B
Capital Surplus
—
¥3.4B
¥3.4B
¥2.3B
Retained Earnings
¥1.6B
¥1.4B
¥1.4B
¥1.2B
Equity (owners)
¥5.1B
¥4.9B
¥4.9B
¥3.6B
Minority Interests
—
¥17M
¥36M
—
Net Cash ⓘ
¥2.1B
¥1.7B
¥1.6B
¥1.6B
NCAV ⓘ
¥-1.1B
¥-4.0B
¥-3.3B
¥179M
NCAV/Share
—
¥-36
¥-30
¥2
BV/Share
—
¥45
¥45
¥39
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
Operating CF
¥-530M
¥924M
¥21M
¥231M
D&A
¥426M
¥484M
¥292M
¥198M
Investing CF
¥1.5B
¥-212M
¥-2.3B
¥-61M
Purchase Investments
—
¥-29M
¥-2M
—
Financing CF
¥-544M
¥-624M
¥2.3B
¥85M
Free Cash Flow
¥-530M
¥924M
¥21M
¥231M
Net Change in Cash
—
¥87M
¥-43M
¥256M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
ROE
3.6%
0.9%
-3.5%
12.6%
ROA
1.4%
0.3%
-1.4%
5.6%
EPS
¥24.74
¥0.39
¥-1.49
¥4.95
DPS
¥0.00
—
—
—
BPS
¥700.29
—
—
—
FCF/Share
—
¥8
¥0
¥3
NCAV/Share
—
¥-36
¥-30
¥2
Payout Ratio
0.0%
—
—
—
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 25
Date Activist Stake Event Flag Demands Source
2025-10-21
SBI CAPITAL Co., Ltd.
7.21%
+1.04%
change
Passive
—
2025-10-01
SBI CAPITAL Co., Ltd.
6.17%
-1.74%
change
Passive
—
2025-07-18
SBI CAPITAL Co., Ltd.
7.91%
-0.91%
change
Passive
—
2025-07-04
SBI CAPITAL Co., Ltd.
8.82%
+1.93%
change
Passive
—
2024-11-28
HIKARI TSUSHIN, Inc.
42.49%
-2.49%
change
Passive
—
2024-09-13
HIKARI TSUSHIN, Inc.
44.98%
-1.03%
change
Passive
—
2024-07-22
HIKARI TSUSHIN, Inc.
46.01%
-1.08%
change
Passive
—
2024-06-19
HIKARI TSUSHIN, Inc.
47.09%
-1.16%
change
Passive
—
2024-06-14
HIKARI TSUSHIN, Inc.
48.25%
-0.91%
change
Passive
—
2024-06-07
HIKARI TSUSHIN, Inc.
49.16%
-0.87%
change
Passive
—
2024-05-31
HIKARI TSUSHIN, Inc.
50.03%
-1.33%
change
Passive
—
2024-04-11
HIKARI TSUSHIN, Inc.
51.36%
-1.32%
change
Passive
—
2024-03-07
HIKARI TSUSHIN, Inc.
52.68%
-1.28%
change
Passive
—
2024-03-06
HIKARI TSUSHIN, Inc.
53.96%
change
Passive
—
2024-02-28
HIKARI TSUSHIN, Inc.
53.96%
-0.98%
change
Passive
—
2024-02-26
HIKARI TSUSHIN, Inc.
54.94%
-1.33%
change
Passive
—
2024-02-08
HIKARI TSUSHIN, Inc.
56.27%
-1.32%
change
Passive
—
2024-02-07
HIKARI TSUSHIN, Inc.
57.59%
+9.64%
change
Passive
—
2024-02-07
SBI CAPITAL Co., Ltd.
6.89%
+1.2%
change
Passive
—
2024-01-31
HIKARI TSUSHIN, Inc.
47.95%
change
Passive
—
2023-12-15
HIKARI TSUSHIN, Inc.
47.95%
+22.88%
change
Passive
—
2023-12-15
SBI CAPITAL Co., Ltd.
5.69%
change
Passive
—
2023-12-04
HIKARI TSUSHIN, Inc.
25.07%
-1.24%
change
Passive
—
2023-11-24
HIKARI TSUSHIN, Inc.
26.31%
-2.55%
change
Passive
—
2023-11-22
HIKARI TSUSHIN, Inc.
28.86%
change
Passive
—
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
株式会社プレミアムウォーターホールディングス
41,379,400
37.76%
2
SBIイノベーションファンド1号
6,756,756
6.17%
3
株式会社光通信 (注)
3,323,984
3.03%
4
INEST従業員持株会
2,253,100
2.06%
5
東京短資株式会社
2,102,500
1.92%
6
株式会社SBI証券
1,976,400
1.80%
7
小泉 まり
1,441,000
1.31%
8
伊藤 圭二
1,422,700
1.30%
9
前田 喜美子
1,233,400
1.13%
10
松井証券株式会社
853,800
0.78%
Domestic Nominees
0.0%
-7.7% 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
57.3%
+0.2% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
式会社プレミアムウォーターホールディングス
NEW ENTRY
—
—
—
37.76%
NEW
SBIイノベーションファンド1号
NEW ENTRY
—
—
—
6.17%
NEW
式会社光通信 (注)
NEW ENTRY
—
—
—
3.03%
NEW
INEST従業員持株会
↑
1.47%
1.09%
2.06%
+0.97%
東京短資
—
2.83%
1.92%
-0.91%
式会社SBI証券
NEW ENTRY
2.36%
—
1.80%
NEW
小泉 まり
—
1.31%
1.31%
伊藤 圭二
—
1.27%
1.30%
+0.03%
前田 喜美子
1.00%
0.63%
1.13%
+0.50%
松井証券
NEW ENTRY
—
—
—
0.78%
NEW
式会社プレミアムウォーターホールディングス(注)1
last seen 2024
Exited Top 10
—
37.76%
—
日本カストディ銀行
last seen 2024
Exited Top 10
—
7.72%
—
SBIイノベーションファンド1号
last seen 2024
Exited Top 10
7.43%
6.17%
—
式会社光通信 (注)2
last seen 2024
Exited Top 10
—
5.35%
—
本橋 和文
last seen 2024
Exited Top 10
0.77%
0.66%
—
式会社光通信
last seen 2023
Exited Top 10
25.77%
—
—
楽天証券
last seen 2023
Exited Top 10
0.69%
—
—
式会社HBD
last seen 2023
Exited Top 10
24.98%
—
—
式会社マイナビ
last seen 2023
Exited Top 10
0.76%
—
—
式会社エフティグループ
last seen 2023
Exited Top 10
0.55%
—
—
Concentration (HHI)
ⓘ
1354
1565
1490
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved