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Change Holdings Inc

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3962:TYO

Change Holdings Inc

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TechnologyTechnology
  • Price (JPY)939.00
  • Today's Change-57.00 / -5.72%
  • Shares traded2.06m
  • 1 Year change-29.72%
  • Beta0.2346
Data delayed at least 15 minutes, as of Feb 20 2026 06:30 GMT.
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About the company

Change Holdings Inc is a Japan-based holding company primarily engaged in the NEW- information technology (IT) transformation business and public tech business. The Company operates through two business segments. The NEW-IT Transformation Business segment is divided into the areas of resolving labor shortages and cybersecurity and provides solutions that bring about change to the business operations and business models of Japanese companies through new technologies and digital human resource development, improving productivity and added value, as well as internet security services. The Public Tech Business segment is divided into the regional revitalization and public digital transformation (DX) areas and provides platform business for hometown tax donations and solutions for government agencies.

  • Revenue in JPY (TTM)52.98bn
  • Net income in JPY6.15bn
  • Incorporated2003
  • Employees1.45k
  • Location
    Change Holdings Inc6F, TOKYU REIT Toranomon Bldg3-17-1, ToranomonMINATO-KU 105-0001JapanJPN
  • Phone+81 364357347
  • Fax+81 364357338
  • Websitehttps://www.changeholdings.co.jp/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
3962:TYO since
announced
Transaction
value
Wamazing Inc-Regional Tourism DX & Japan Visit Marketing Partner ProjectDeal completed01 Aug 202501 Aug 2025Deal completed-19.26%--
Perf IncDeal completed25 Feb 202525 Feb 2025Deal completed-28.43%--
Data delayed at least 15 minutes, as of Feb 20 2026 06:30 GMT.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Baudroie Inc15.55bn2.25bn54.99bn1.21k23.837.6621.823.5471.8571.85497.36223.411.34--8.12--19.3019.8626.8426.9335.1236.6114.4415.09--153.110.25790.0058.9334.4954.9845.2032.55--
Softcreate Holdings Corp33.45bn3.93bn56.04bn1.10k13.202.139.631.68154.14154.141,313.46955.630.932257.405.8130,380,050.0012.2912.3817.6018.4041.3540.5513.1812.192.97--0.0029.9910.895.398.9219.9223.7840.63
Mamezo Co Ltd11.09bn1.60bn56.82bn813.0036.4017.5733.485.1297.2697.26674.74201.442.6984.397.4013,646,930.0038.85--54.66--33.99--14.42--2.73--0.0008--10.07--23.64------
I'LL INC19.81bn3.66bn58.50bn1.01k15.785.1514.352.95148.02148.02802.64453.791.3043.214.2219,632,060.0024.0720.4629.2726.0255.8153.2418.4614.524.63--0.0034.3210.208.7620.8124.01-3.3427.23
BrainPad Inc11.79bn102.12m60.01bn589.00605.7510.59120.185.094.444.44558.70254.221.50268.388.2320,014,030.001.3012.181.6715.2146.0444.650.86638.152.73--0.09413.1111.4712.2016.994.40-9.39--
Base Co Ltd21.79bn4.23bn60.37bn1.24k14.094.0914.202.77227.84227.841,173.81785.631.19244.647.34--23.1022.1230.7930.1032.3530.9019.4418.143.74----47.267.7011.939.2119.39-30.2731.28
JFE Systems Inc60.48bn4.90bn64.87bn1.90k13.221.888.211.07156.15156.151,925.451,101.041.19176.704.9431,813,680.0010.0010.6912.9714.7524.3122.978.397.973.80--0.0034.633.135.939.5411.34-2.1715.25
Computer Engineering & Consulting Ltd62.26bn4.36bn68.79bn2.27k14.201.5013.361.10137.76137.761,966.091,301.131.1728.546.1527,426,430.008.178.9210.3210.9526.4225.167.008.313.18--0.009138.195.811.62-11.052.115.326.58
Change Holdings Inc52.98bn6.15bn69.35bn1.45k10.621.387.551.3188.4588.45761.37679.110.390644.041.0836,586,320.004.75--9.28--55.19--12.16--1.55--0.3553--25.32--74.15------
Appier Group Inc43.74bn2.56bn71.82bn708.0027.951.9211.161.6425.0525.05428.24364.440.832--3.54--4.872.866.323.6053.7752.295.853.91--9.850.23028.1228.4237.28-12.61--42.82--
Software Service Inc42.30bn6.11bn71.89bn1.80k11.221.6410.281.701,167.741,167.748,081.568,002.920.871411.215.8623,446,780.0012.5911.9615.5814.7426.7826.6214.4513.572.90--0.0014.2510.0815.5914.7121.09-20.6013.49
Japan Business Systems Inc193.35bn6.23bn74.87bn2.84k11.852.5810.130.3872130.61130.614,054.70600.702.59104.946.4468,103,910.008.376.3615.5110.149.7111.043.232.501.14103.960.438832.7822.5220.39271.8046.5454.93--
Northsand Inc-100.00bn-100.00bn75.21bn713.00--13.39----------81.41----------------------------0.1215--78.68--174.55------
Tsuzuki Denki Co Ltd100.29bn6.36bn75.63bn2.06k11.391.609.830.7541349.99349.995,522.132,491.211.3110.606.0748,661,330.008.474.9412.638.2324.1419.816.483.362.56--0.159833.98-21.30-4.76-13.028.59-9.7412.47
SRA Holdings Inc54.49bn3.53bn75.82bn1.39k17.831.9419.641.39279.01279.014,313.022,562.631.1012.346.7439,257,920.007.407.3710.2910.5424.9125.016.717.032.42--0.002149.009.533.41-26.33---14.1610.35
Mitsubishi Research Institute Inc124.65bn8.03bn80.14bn4.70k9.801.076.440.6429509.82509.827,914.704,654.611.03200.232.6226,549,730.007.426.0510.838.9124.6622.507.215.902.63--0.012338.845.285.7127.64-2.0919.189.46
Data as of Feb 20 2026. Currency figures normalised to Change Holdings Inc's reporting currency: Japanese Yen JPY

Institutional shareholders

8.74%Per cent of shares held by top holders
HolderShares% Held
Nomura Asset Management Co., Ltd.as of 05 Feb 20261.20m1.63%
The Vanguard Group, Inc.as of 04 Feb 20261.20m1.62%
Asset Management One Co., Ltd.as of 05 Feb 2026827.70k1.12%
BlackRock Fund Advisorsas of 06 Feb 2026676.80k0.92%
Amova Asset Management Co., Ltd.as of 06 Feb 2026562.40k0.76%
Daiwa Asset Management Co. Ltd.as of 30 Jan 2026543.30k0.74%
Dimensional Fund Advisors LPas of 05 Feb 2026506.20k0.69%
BlackRock Advisors (UK) Ltd.as of 05 Feb 2026347.70k0.47%
Tokio Marine Asset Management Co., Ltd.as of 18 Jul 2025307.30k0.42%
Norges Bank Investment Managementas of 30 Jun 2025284.17k0.39%
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Data from 31 Dec 2025 - 31 Dec 2025Source: FactSet Research Systems Inc.
Data Provided by LSEG
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