Candidates ／ 175A
Will Smart Co.,LTD.175A・IT & telecoms
ZENRIN CO., LTD. owns 44%. Of the listed companies with this trait in 2021–22, 1 in 6 was bought in the following four years or so — against 1 in 11 for all listed companies.
Taking every trait together, its score is 3.4x the average — #67 of 3,751. The closest type of deal is strategic buyer.
Why it looks like past targets
- ZENRIN CO., LTD. owns 44%1 in 6 such companies were bought (1.8x the average)
- Price-to-book 297.22x
- Market value ¥1.4bn
Score by type of buyer
| Type | vs average for the type | |
|---|---|---|
| Buyout by the parent | 1.0x | |
| Management buyout | 0.8x | |
| Private equity | 11.9x | |
| Strategic buyer | 6.9x |
Ownership
Top 10 shareholders
| Holder | Type | Stake | |
|---|---|---|---|
| 株式会社ゼンリン | Company | 43.8% | |
| ENEOS株式会社 | Company | 5.6% | |
| 日本証券金融株式会社 | Company | 4.9% | |
| 株式会社SBI証券 | Company | 2.1% | |
| 岡谷鋼機株式会社 | Company | 1.5% | |
| 飛島建設株式会社 | Company | 1.5% | |
| 石 井 康 弘 | Individual | 1.3% | |
| NOMURA INTERNATIONAL PLC A/C JAPAN FLOW | Custodian/nominee | 1.1% | |
| J.P.Morgan Securiti es plc | Custodian/nominee | 0.9% | |
| WillSmart社員持株会 | Employee/partner plan | 0.6% |
From the annual report for the year to 2025-12-31. Holder types are assigned by name and can be wrong (for example, a founder’s company can look like an operating company). Annual report (PDF, EDINET)
Key figures
- Controlling shareholder (over 50%)
- No
- Largest corporate holder
- 43.8%
- Founder family (individuals and their companies)
- 1.3%
- Officers
- 1.5%
- Net cash ÷ market value
- —
- ROE
- —
- Equity ratio
- 1%
This site ranks listed companies by how closely their public filings (annual reports and large-shareholding reports) resemble past tender-offer and MBO targets. It is not a prediction that any company will be bought, is not based on any non-public information, and is not a recommendation to buy or sell. Not investment advice.
Updated 29 Sep 2026 00:48 JST