Candidates / 3921

NEOJAPAN Inc.3921・IT & telecoms

Activist stake: Kaname Capital. Of the listed companies with this trait in 2021–22, 1 in 5 was bought in the following four years or so — against 1 in 11 for all listed companies.

Taking every trait together, its score is 3.5x the average — #56 of 3,751. The closest type of deal is management buyout.

Score3.5xvs average; #56 of 3,751
Past, similar score1 in 4were bought (24%)
Closest typeMBO
Price-to-book3.14xmarket value ¥23.5bn

Why it looks like past targets

Score by type of buyer

Typevs average for the type
Buyout by the parent0.5x
Management buyout7.3x
Private equity1.8x
Strategic buyer3.3x

Ownership

Top 10 shareholders

HolderTypeStake
株式会社プロシードゥスCompany37.1%
大坪 克也Individual9.8%
齋藤 晶議(戸籍名:齊藤 章浩)Individual8.8%
松倉 二美Individual7.1%
日本マスタートラスト信託銀行株式会社(信託口)Custodian/nominee4.7%
JAPAN ABSOLUTE VALUE FUNDCompany2.8%
PERSHING-DIV.OF DLJ SECS.CORP.Company1.8%
株式会社日本カストディ銀行(信託口)Custodian/nominee1.5%
CACEIS BK ES IICS CLIENTSCustodian/nominee1.4%
ネオジャパン従業員持株会Employee/partner plan1.3%

From the annual report for the year to 2026-01-31. 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
37.1%
Founder family (individuals and their companies)
25.7%
Officers
47.0%
Net cash ÷ market value
33%
ROE
26.3%
Equity ratio
70%

Activist filings

Estimated cost = total acquisition funds ÷ shares held, from the latest report (or the previous one if the latest does not state the funds). Trades after the report's base date are not included. Stakes whose reports give no funding figure are left out. Share splits after the report are adjusted using the change in shares outstanding. Costs outside the stock's price range while held (0.8x the monthly low to 1.2x the high) are treated as reporting quirks (e.g. funds not updated after selling) and not shown. Stakes cut below 5% (mostly sold) are left out of the totals.

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