Tri-Stage Inc.
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Tri-Stage Inc. - overview
Established
2006
Location
Tokyo, Tokyo, Japan
Primary Industry
Marketing/Advertising
About
Based in Tokyo, Japan, and founded in 2006 and led by President Ikuhisa Kurata, Tri-Stage Inc. , operates as a, adtech-based company providing marketing consulting services with support in sales of products and services as well as the acquisition of consumers through the use of television, the internet, and other media. In April 2022, Bain Capital bid to acquire a 77. 45% stake in Tri-Stage Inc.
from Sojitz and other shareholders for approximately JPY 10. 99 billion at JPY 565 per share via tender offer. The tender offer closed as expected in June 2022. Bain Capital acquired a majority stake of 66.
43% for JPY 9. 43 billion at JPY 565 per share. In March 2025, Nojima agreed to fully acquire Tri-Stage Inc. from Bain Capital for JPY 12.
5 billion. Tri-Stage Inc. provides television media operations services to engage the customer through it, that includes having an advertising spaces and broadcast slots with high KPI achievement rates and media operations, media buying and planning, artificial order prediction, monitoring, and many more. The company offers a variety of solutions such as video production, tv shopping program caravan projects, analyze of creative qualitatively and quantitatively, TRI call vision, visual of the data, and marketing support.
Current Investors
Bain Capital
Primary Industry
Marketing/Advertising
Sub Industries
eMarketing/Digital Marketing, Market Research & Consulting, Advertising Agencies & Media Buyers, Outsourcing, Sales & Marketing Software, Media
Website
www.tri-stage.jp
Verticals
AdTech
Company Stage
Mature
Total Amount Raised
Subscriber access only
Tri-Stage Inc. - timeline of key events

Tri-Stage Inc. - financials
| Fiscal Year Ended | Feb 29, 2012 | Feb 28, 2013 | Feb 28, 2014 | Feb 28, 2015 | Feb 28, 2016 | Feb 28, 2017 | Feb 28, 2018 | Feb 28, 2019 | Feb 29, 2020 | Feb 28, 2021 | Feb 28, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 34,556,111,000 | 33,826,160,000 | 36,023,571,000 | 32,185,232,000 | 37,131,747,000 | 47,302,061,000 | 55,775,816,000 | 53,843,891,000 | - | - | - |
| % Revenue Growth (YoY) | - | (2.1%) | 6.5% | (10.7%) | 15.4% | 27.4% | 17.9% | (3.5%) | - | - | - |
| EBITDA (USD) | 2,030,097,000 | 603,270,000 | 935,962,000 | 1,111,388,000 | 1,089,400,000 | 1,664,184,000 | 1,402,282,000 | 1,103,709,000 | - | - | - |
| Operating Income (USD) | 1,979,264,000 | 496,720,000 | 775,448,000 | 919,426,000 | 898,213,000 | 1,394,999,000 | 1,032,367,000 | 809,612,000 | - | - | - |
| Operating Margin | 5.7% | 1.5% | 2.2% | 2.9% | 2.4% | 2.9% | 1.9% | 1.5% | - | - | - |
| % EBITDA Margin | 5.9% | 1.8% | 2.6% | 3.5% | 2.9% | 3.5% | 2.5% | 2.0% | - | - | - |
| NET Income (USD) | 1,147,712,000 | 250,162,000 | 374,949,000 | 533,380,000 | 479,364,000 | 771,054,000 | 397,305,000 | (1,004,829,000) | - | - | - |
| % Net Margin | 3.3% | 0.7% | 1.0% | 1.7% | 1.3% | 1.6% | 0.7% | (1.9%) | - | - | - |
Tri-Stage Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Tri-Stage Inc. | - | ||||||||
| Public to Private | Completed | Tri-Stage Inc. | - |
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Tri-Stage Inc. - employee data


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