Candidates / 231A

Cross E Holdings Corporation Limited231A・Services

H.I.S. Co., Ltd. owns 70% (controlling). Of the listed companies with this trait in 2021–22, 1 in 4 was bought in the following four years or so — against 1 in 11 for all listed companies.

Taking every trait together, its score is 4.2x the average — #19 of 3,751. The closest type of deal is buyout by the parent.

Score4.2xvs average; #19 of 3,751
Past, similar score1 in 4were bought (24%)
Closest typeParent
Price-to-book1.04xmarket value ¥3.0bn

Why it looks like past targets

Score by type of buyer

Typevs average for the type
Buyout by the parent11.1x
Management buyout0.9x
Private equity2.2x
Strategic buyer4.3x

Ownership

Top 10 shareholders

HolderTypeStake
株式会社エイチ・アイ・エスCompany70.4%
乾 峻輔Individual1.6%
吉田 昭彦Individual1.4%
中西 英俊Individual1.1%
横江 直人Individual1.0%
奥野 貴一Individual0.8%
Cross Eホールディングス従業員持株会Employee/partner plan0.7%
三菱UFJeスマート証券株式会社Custodian/nominee0.5%
山口 勝美Individual0.4%
宮谷 英樹Individual0.4%

From the annual report for the year to 2025-09-30. 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%)
Yes
Largest corporate holder
70.4%
Founder family (individuals and their companies)
6.6%
Officers
0.6%
Net cash ÷ market value
86%
ROE
13.9%
Equity ratio
74%

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