These profiles preserve JII company research published before the current Compounder format began with NJS on September 2, 2026. They remain available as dated records and are not maintained. View current profiles.
Prestige International Inc.
Prestige International handles roadside-assistance intake, dispatch and administration for insurers as an integrated service. FY3/27 company guidance implies a 12.6% operating margin. Net cash equals 24.4% of market capitalization. The question is whether price revisions can absorb Katagami campus start-up costs and restore margins.
エスケー化研株式会社
SK Kaken is Japan’s largest architectural coatings supplier, selling through specification proposals and a dealer and applicator network. The shares trade at a modest roughly 7x FY3/27 company-guided operating profit, but the value of ¥147.2bn in financial assets depends on future capital allocation.
NIPPON GEAR CO., LTD.
Nippon Gear sells actuators that operate critical valves and maintains previously sold gear equipment and products for decades. Its installation and service business earns a 32.5% operating margin; enterprise value net of cash is 4.69x company-guided operating profit.
文化シヤッター
Bunka Shutter is Japan’s second-largest maker and installer of building shutters and doors. Post-installation maintenance generates recurring high-margin earnings; net cash and securities equal 27.5% of market capitalization. The shares trade at 7.9x operating profit. Dalton Investments’ September 2025 action brought takeover defenses into focus; the defense was approved with 71.75% support at the June 17, 2026 AGM.
ＫＰＰグループホールディングス
KPP Group Holdings is Japan’s largest paper trading company. It buys from manufacturers including Oji and Nippon Paper, manages inventory and credit, and resells worldwide. On July 21, 2026, the board doubled its buyback authorization to ¥7.2bn and approved cancellation of 3 million shares.
ロードスターキャピタル株式会社
Loadstar acquires neglected, undervalued mid-sized Tokyo offices with low occupancy, poor management or complex ownership, improves them through repairs and leasing, earns rent and sells them. On July 1, 2026, it distributed 0.2 treasury shares per existing share free of charge, broadening tradable shares; its payout ratio rose to 21.7%.
藤田観光株式会社
Fujita Kanko leases and operates 34 business hotels under Washington Hotel and Hotel Gracery, and owns two land-and-building properties in Tokyo and Hakone. On February 10, 2026, DOWA sold its 25.00% stake held for 70 years to private equity firm NSSK at ¥2,603 per share; NSSK entered a hotel-acquisition partnership.
空港施設株式会社
Airport Facilities is a landlord inside Haneda’s fence, leasing offices, hangars and airport utilities to the JAL and ANA groups, which each hold 21.3%. FY3/26 brought record profit, a doubled dividend at a record ¥42, share buybacks and cancellation, and a move to TSE Standard.
株式会社あらた
ARATA is Japan’s second-largest wholesaler of daily necessities, cosmetics and pet products. It sources from about 1,100 manufacturers and delivers daily to roughly 3,370 retailers in a high-volume, low-margin model: about 9.7% gross margin and 1.3% operating margin. On May 14, 2026, it designated FY3/27 as the earnings trough and announced its 2030 plan for margin recovery.
塩水港精糖株式会社
Ensuiko Sugar Refining is a 120-year independent refiner outsourcing production to joint-venture factories with peers and selling the Oligo no Okage gut-health brand. On May 8, 2026, record profit was accompanied by guidance for a 21% FY3/27 operating profit decline, highlighting about ¥11.2bn in investment securities against ¥12.4bn market capitalization.
岩谷産業株式会社
Iwatani is Japan’s largest household and industrial gas supplier and its only integrated producer and supplier of liquid hydrogen. LPG and gas cash flow funds hydrogen investment and entry into government-backed critical minerals. Operating profit is at a cyclical trough; the case rests on option value rather than a low valuation.
南海辰村建設株式会社
A 100-year Kansai general contractor building offices, condominiums and civil works. Nankai Tatsumura is the Nankai railway group’s only listed subsidiary, with NANKAI holding 62% of voting rights, and builds many stations and commercial facilities. April 2026 brought its first buyback and a dividend increase. Net cash equals about 48% of market capitalization.
ジェコス株式会社
GECOSS, a JFE Steel affiliate, rents heavy temporary steel including H-beams and sheet piles for major construction sites, with design and installation services. In 2024–2025 JFE Steel reduced its stake to 27.6%, while Mizuho Leasing acquired 20% through a capital and business alliance.
株式会社ルネサンス
Renaissance operates full-service sports clubs nationwide with gyms, pools and swimming and tennis schools for about 440,000 members. It began as a DIC internal venture in 1979. On May 8, 2026, ¥3.06bn in impairments across 38 facilities resulted in a net loss and a change of president; its 2026–2030 plan redirects capital toward less capital-intensive health businesses.
株式会社エフピコ
FP Corporation is the largest maker of disposable containers for supermarket fresh foods, packed meals and prepared dishes. Its recycling network turns used trays collected in stores into new containers at its own factories. On April 30, 2026, Middle East-driven raw-material inflation left FY3/27 guidance undecided and prompted price increases of at least 20% on shipments from June 1.
荏原実業株式会社
Ebara Jitsugyo designs and builds municipal water and sewer plants, sells Ebara pumps and develops its own environmental products. ROCE is about 22%. At June 30, 2026, EV/operating profit was about 7.2x and net cash about 21% of market capitalization. Order backlog is at a record high.
株式会社アシロ
ASIRO operates recurring legal media centered on lawyer portal Bennavi, earning monthly listing fees from lawyers. FY2025 operating profit rose about 3.6x and ROE recovered to 37.8%. In March 2026 it raised its payout ratio above 40%, with UK activist AVI holding 35%, more than the founder.
アライドテレシスホールディングス株式会社
Allied Telesis develops and manufactures network switches and wireless LAN equipment, combining implementation support and multi-year maintenance for mainly Japanese schools, hospitals and local governments. On June 16, 2026, it approved a new buyback. The shares trade at about 4x EV/EBIT, with net cash equal to roughly 46% of market capitalization.
日本駐車場開発株式会社
Nippon Parking Development’s core is a less capital-intensive business leasing idle or underused assets and operating them as parking. It also runs Hakuba Valley ski resorts and regional theme parks. ROE fell from 42% to 28% as owned assets increased, but on June 5, 2026 it approved a buyback of up to ¥1bn and set a target of more than 30% ROE.
株式会社学情
Gakujo operates Japan’s most-used recruitment media and joint career events for people in their twenties, including Re-katsu and graduate services. It is debt-free, cash-rich and run by the founding family. On June 8, 2026, it lowered full-year operating profit guidance to ¥2.6bn while approving a ¥650m buyback.
手間いらず株式会社
TEMAIRAZU lets hotels and inns manage inventory and prices across reservation sites including Rakuten Travel and Booking.com. Most revenue is monthly subscription income, with an operating margin above 73% in FY2025. Despite no debt and ¥6.4bn net cash, the shares have returned to their level two years earlier. Growth durability and stronger capital returns are the questions.
株式会社ベイカレント
BayCurrent provides major Japanese companies with consulting from strategy to digitalization and generative AI implementation. About 5,600 consultants are deployed from a common pool, earning revenue by project. On March 18, 2026, it approved a ¥30bn buyback, ten times the prior year’s amount, with all repurchased shares to be canceled. Purchases continue through July 31.
サイバーセキュリティクラウド
Cyber Security Cloud provides Japan’s leading cloud WAF Shadankun and automated AWS WAF service WafCharm. Its proprietary AI engine accumulates over 2 billion attack records annually. About 90% of sales are recurring and churn is below 1%. Sales and operating profit have both grown more than 25% for six consecutive years.
株式会社ジェノバ
JENOBA delivers GNSS correction data on monthly subscription, reducing positioning errors from meters to centimeters, with a 56% operating margin. Its platform uses roughly 1,300 Geospatial Information Authority of Japan reference stations. The questions are whether contract growth can exceed 6% and how ¥3bn in net cash will be deployed or returned.
楽待株式会社
Rakumachi is a property investment platform earning monthly listing fees from 5,459 real estate agencies and delivering rental-apartment and small commercial property information to 487,000 individual investors. On May 25, 2026, it corrected historical page views, a key customer-acquisition metric.
株式会社ワンキャリア
ONE CAREER operates a graduate recruitment platform used by two in three graduating job seekers, with 700,000 recruitment-experience records. Competitors cannot easily replicate that database. With ROCE of 38%, the question is whether the founder, who owns 57%, reinvests the cash generated by the profitable business or returns it to shareholders.
株式会社ユーザーローカル
User Local is a single-segment SaaS company providing website and social-media analytics and internal AI chat tools. Low churn in established analytics services supports stable monthly subscriptions. New AI-DX demand, high margins and disciplined costs sustain earnings.
株式会社ヤプリ
Yappli provides a no-code platform for retailers, restaurant operators and others to run native apps. Churn below 1% makes continued customer use a source of competitive strength. Four products can connect to the same ID platform. A clear capital-return policy has yet to be formalized.
株式会社図研
Zuken supplies software connecting circuit design to physical printed circuit boards and wire harnesses. Its 50-year franchise is embedded in Japanese OEM design environments, with maintenance and service income building as software is updated. The question is whether its newly initiated capital returns become a continuing policy.
株式会社プラスアルファ・コンサルティング
Plus Alpha Consulting is a Japanese HR SaaS company led by Talent Palette. Large-company contracts have low churn and returns on capital are high. Clearer disclosure to help investors assess growth and capital policy could support an equity-market rerating.
ニッポンインシュア株式会社
Nippon Insure guarantees Japanese tenants’ rent as more landlords reject individual joint guarantors, with aging further expanding demand. As cash accumulates in a business earning 32% ROCE, its 10% payout ratio and cash deployment policy are central to valuation.
トヨクモ株式会社
Toyokumo provides three cloud software services for Japanese SMEs: disaster safety confirmation, kintone business-app extensions and internal information sharing. The questions are whether the NotePM acquisition generates returns commensurate with goodwill, and how ¥4.4bn cash is deployed and returned to shareholders.
サイボウズ株式会社
Cybozu provides kintone, a no-code platform used by 39,000 Japanese companies to build internal business apps. FY25 price revisions sharply increased profit, but costs have also risen. The questions are whether that profit level can hold and whether May’s ¥3bn buyback becomes a formal continuing capital-return policy.
ＨＥＮＮＧＥ株式会社
HENNGE supplies cloud security software for Japanese companies to access business email and apps securely, expanding into data protection and endpoints. The questions are whether ARR growth reaccelerates from 14.7% and where margins settle as investment in new products continues.
ビジョナル株式会社
Visional operates BizReach, a direct recruitment platform for mid-career professionals, and HR management SaaS HRMOS. HRMOS turned profitable, but investors need to distinguish improvement in HRMOS itself from sonar ATS consolidation. Deployment of ¥70bn cash is another central question.