Ashibi Company
Ashibi Company is an Okinawa-based general entertainment firm providing game porting, localization, and remaster services to publishers like KADOKAWA and SEGA, alongside owned metaverse, VTuber (Nema Ui), music label, and digital billboard assets targeting both B2B enterprise clients and Japanese consumers.
- Company typePrivate
- Founded2014
- HeadquartersNaha-shi, Japan
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Ashibi Company does
Ashibi Company Co., Ltd. (株式会社あしびかんぱにー) is an Okinawa-based general entertainment company founded in July 2014 and headquartered in Naha, with a regional office in Nagoya. The company operates a multi-product portfolio spanning game development, XR/metaverse content, VTuber operations, music label management, physical retail, digital out-of-home advertising, and logistics software. Its B2B services include porting, remastering, and localization of external IPs across Steam, PlayStation, Nintendo Switch, Xbox, and mobile platforms — with named clients including KADOKAWA, ATLUS/SEGA, and IDEA FACTORY/COMPILE HEART — as well as XR and metaverse production for corporate and government clients.
The company's owned-IP and consumer-facing assets include the Nema Ui (Nemaui) Okinawa-based virtual talent with 66% in-prefecture awareness, the Virtual Okinawa metaverse on VRChat, the AtelierZ metaverse fashion brand, the ASHIBI MUSIC label, the Shisa Cookie souvenir brand with a physical store on Kokusai-dori, and the ASHIBI VISION large-format digital billboard at the entrance of Kokusai-dori (reaching approximately 7.94 million annual tourists). Ashibi also runs the OKIVFES (OKINAWA JAPAN VIRTUAL FES) virtual festival, the Kokusai-dori shopping district official e-commerce platform, and the Hisai Order SaaS ordering system for local retailers. The company employs 86 people as of December 2024, up from 57 in April 2023.
The business model combines project-based professional services (game development, XR production, event production), advertising (ASHI BI VISION), subscription/transaction fees (Hisai Order SaaS, AtelierZ e-commerce, Kokusai-dori EC), retail sales (Shisa Cookie, Shishi no Odoshi merchandise), and licensing/royalty income (VTuber character IP, Sister Princess 25th anniversary project, Nema Ui). The company is privately held with no disclosed parent, subsidiaries, or external funding rounds, and reports 30 million yen in registered capital. Ashibi is led by President & CEO Yoshihiko Katagiri, with board members Masahiro Yamamoto and Harusato Akenaga (who also leads affiliated company Preapp Co., Ltd.).
Ashibi Company firmographics
Firmographics- Name
- Ashibi Company
- Legal name
- 株式会社あしびかんぱにー
- Website
- https://ashibi.jp
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Ashibi Company is an Okinawa-based general entertainment firm providing game porting, localization, and remaster services to publishers like KADOKAWA and SEGA, alongside owned metaverse, VTuber (Nema Ui), music label, and digital billboard assets targeting both B2B enterprise clients and Japanese consumers.
- Ownership category
- akta.pro rank
Ashibi Company industry classification
Industry- Product category
- Digital Entertainment Services
- NAICS
- Broadcasting and Content Providers (516)
- SIC
- Services-Motion Picture & Video Tape Distribution (7822)
- akta.pro primary industry
- Outsourced Art/Audio Production Services (2D/3D, Animation, VFX, Audio/VO) (MPAFAKAM)
- akta.pro secondary industries
- Immersive/Interactive Animation (AR/VR/Real-Time) (MPAHACAN), VR/AR/XR Game Studios (MPAFAAAE), Interactive & Immersive Content Production (AR/VR/3D) (BPAFAIAL), Animation Services for VFX (Creature/Character, Crowd, Simulation Support) (MPADAHAF)
Keywords
Where Ashibi Company is headquartered
LocationHeadquarters
- HQ city
- Naha-shi
- HQ country
- Japan
- HQ region
- Asia
Offices2 records
Markets served
Ashibi Company business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Supply Chain
Revenue model
- ゲーム開発・移植・Localization事業: 外部IPのゲーム移植・Localization業務（ペルソナシリーズ、ネプテューヌシリーズ、薄桜鬼など）。また自社IP（琉球異聞 朱桜の繋など）の開発・Steam版リリース。請負型開発。
- XR/メタバース制作事業: 企業・自治体向けXR・メタバースコンテンツの制作サービス。版権ものと共同制作も多い（超かぐや姫！、シスタープリンセスなど）。
- VTuber/バーチャルタレント事業: 根間ういをはじめとするバーチャルタレントの運営・グッズ販売・タイアップ収益。キャラクターIPからのライセンス収益。
- 物流DX/EC事業: 国際通り商店街の公式ECサイト運営、おまとめ配送サービス、物流システム構築による流通活性化への収益化。
- 音楽レーベル/ASHIBI MUSIC: What at lazzなどのアーティスト発掘・育成・マネジメント、音楽配信収益。自主企画ライブのチケット収益など。
- Advertising/Vision広告収入: ASHIBI VISION大型ビジョンでの広告収入。法人向け映像制作パッケージ тоже含む。
- シーサークッキー零售事業: シーサークッキーの直営店運営（国際通り）。小売販売収益。
- メタバースファッション（AtelierZ）: 3Dアバター衣装・ファッションアイテムをBOOTH.pmにて販売。デジタルファッション-commerce収益。
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | ASHIBI VISION看板 視聴覚時間套餐（15秒CM 单位） |
Go-to-market motion3 records
Distribution channels8 records
Marketing channels7 records
Ashibi Company product offering
Product offeringCore offering
Ashibi Company is a general entertainment firm that develops, ports, and localizes video games; produces XR/metaverse content and virtual events; operates the Okinawa-based virtual talent Nemaui and its music label ASHIBI MUSIC; sells the Shisa Cookie souvenir brand and AtelierZ metaverse fashion; and runs ASHIBI VISION digital signage at Naha's Kokusai-dori, alongside logistics DX and e-commerce services for the Kokusai-dori shopping district.
Product overview
Ashibi Company (株式会社あしびかんぱにー) is an Okinawa-based general entertainment company organized around multiple distinct products and services spanning digital and physical domains. The core digital offerings include: (1) 根間うい (Nema Ui), a local virtual talent promoting Okinawan culture; (2) バーチャル沖縄 (Virtual Okinawa), a metaverse/recreation of Okinawa on VRChat hosting virtual events; (3) AtelierZ, a metaverse fashion brand selling 3D avatar models and costumes; and (4) ASHIBI VISION, a large-format digital billboard service targeting Naha's tourist foot traffic. Complementing these are: (5) ゲーム制作事業 (Game Development), handling original IP development, remasters, and ports/localization across Steam, console, and mobile platforms; (6) ASHIBI MUSIC, a music label managing Okinawan artists; (7) シーサークッキー (Shisa Cookie), a physical souvenir cookie retail brand; (8) 国際通り商店街 EC, an official e-commerce platform for the Kokusai-dori shopping district; and (9) 物流DX, logistics digital transformation services for Okinawa's retail distribution. The portfolio also includes OKIVFES virtual festival events, シスター・プリンセス IP management projects, and おきなわ部 owned media. The company operates as a multi-product entertainment conglomerate rather than a single unified platform.
Differentiator
Problem solved
Functional benefit
Brands
- バーチャル沖縄: 沖縄を仮想化したメタバース空間。VRChat上で国際通りや首里城を再現し、バーチャルイベントや観光体験を提供。
- 根間うい
- ASHIBI MUSIC
- シーサークッキー
- ASHIBI VISION
- AtelierZ
- シシノオドシ
- What at lazz
- 少年少女
- ししんちゅ
Products and services
- Nemaui (根間うい) Okinawa-based virtual talent (VTuber) who promotes Okinawan culture, tourism, cuisine, and traditional performing arts both virtually and in real life; also active as an artist under ASHIBI MUSIC.
- Virtual Okinawa (バーチャル沖縄) Metaverse space that virtually recreates Okinawa, featuring Kokusai-dori, Shuri Castle, and event spaces; used for tourism promotion, virtual events, and cultural experiences via VRChat.
- Game Development Business (ゲーム制作事業) Development, localization, porting, and remastering of game titles across Steam, PlayStation, Nintendo Switch, Xbox, and mobile; works on both original IPs (e.g., Ryukyu Monogatari) and licensed titles for KADOKAWA, ATLUS/SEGA, and IDEA FACTORY/COMPILE HEART.
- ASHIBI MUSIC
- Shisa Cookie (シーサークッキー) Okinawa souvenir cookie brand featuring the Shisa guardian lion-dog motif, made with Okinawan ingredients via a dedicated recipe and sold at a physical store on Kokusai-dori.
- ASHIBI VISION Large digital billboard service located at the entrance of Kokusai-dori in Naha, reaching approximately 7.94 million annual tourists; offers full-service support from planning and creative production to screen management, with ad inventory sold in 15-second CM units.
- AtelierZ Metaverse fashion brand providing 3D avatar clothing and accessories; all core members are 3D artists handling design, production, and sales of original avatar costumes via BOOTH.pm.
- Kokusai-dori Shopping District Official E-commerce Site (国際通り商店街 公式ECサイト)
- Hisai Order (ハイサイオーダー)
- OKIVFES (OKINAWA JAPAN VIRTUAL FES) Large-scale virtual festival event held in the Virtual Okinawa metaverse; first edition achieved 100,000 attendees, 2025 edition exceeded 500,000 cumulative attendees; used to host corporate-sponsored booths and tourism promotion.
- Logistics DX / EC Operations (物流DX/EC事業) Logistics system construction, e-commerce operations, and bundled delivery services for the Kokusai-dori shopping district, expanding the reach of Okinawan products nationwide through digital distribution transformation.
- XR / Metaverse Content Production (XR・メタバース制作事業)
- Ryukyu Monogatari: Shuoen no Tsunagari (琉球異聞 朱桜の縁) Okinawa-set romance adventure game, Ashibi's first original IP; released on iOS/Android in 2015 and re-released on Steam in 2025.
- Sister Princess Project (シスター・プリンセス プロジェクト)
Quantifiable outcome
- OKIVFES 2022 初開催で動員数10万人超
- +2 more outcomes
Companies that use Ashibi Company
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
Ashibi Company technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Ashibi Company partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered major, minor and core.
- ヤマハ発動機（Yamaha Motor）majorVRChatワールド「Yamaha Motor – VR TRAIL」への企画・制作協力。位置情報連動型アプリケーションの开发にも協力。
- 双葉館（YOMIKO GAME CHANGE FORUM 2024）minor虎ノ門ヒルズで開催された「YOMIKO GAME CHANGE FORUM 2024」へのバーチャル沖縄取り組みの登壇・発信協力。
- アサヒオリオン飲料（アサヒ Orion Drinks）minorOKIVFES 2023での「沖縄バヤリースヒストリーミュージアム」特設ブース制作。企業のメタバース空间でのPR支援。
- 沖縄セルラー（日本最大手移动通信之一）major共同メタバースプロジェクト「あつまれ！全力応援ランド in バーチャル沖縄」の実施。観光DX実証。
- HIKKY社（VketCloud / Virtual Market）core世界最大のVRイベント運営企業との協業。「バーチャル沖縄」world development及应用的技術提携。Virtual Market系技术供货商。
- ヤマト運輸（Yamato Transport / Yamato HD）major那覇国際通り商店街の活性化に向けた物流DX共同プロジェクト第1弾。EC物流の構築・配送サービス連携。
- 那覇国際通り商店街組合core商店街官方ECサイト運営、物流DX、おまとめ配送サービスの推進母体。TikTok Shop Local in 沖縄での共同販売も実施。
- 株式会社プリアップパートナーズ（Preapp Partners Co., Ltd.）core関連会社（グループ企业）。神奈川県横浜市に所在。ゲームコンテンツの企画・制作、Animation制作、XR企画・制作を担当。资本関係・董事の明永敏悟が兼務。
- 株式会社プリアップ（Preapp Co., Ltd.）core関連会社。神奈川県横浜市に所在。eコマースへの総合卸・小売業、海外コンサルティング・ライセンシング、輸出入、物流システム・アプリの企画開発、飲食店経営。董事明永敏悟が代表。
Scale indicators5 records
Recent moves7 records
Expansion highlights7 records
Ashibi Company competitors and assessment
Company assessmentDirect peers
- 8ing/Raizing: Japanese game development studio known for outsourced co-development on major franchises. Comparable to Ashibi's third-party game development services for tier-1 publishers.
- ANYCOLOR Inc. Operator of Nijisanji, one of Japan's leading VTuber agencies listed on TSE. Comparable to Ashibi's VTuber business model across talent operation, IP licensing, and live commerce revenue streams.
- M2 Co., Ltd. Japanese game developer specializing in retro game remasters (e.g., Sega Ages series), with a niche similar to Ashibi's LUNAR Remastered Collection and Persona remaster work for established Japanese IP holders.
- Tose Co., Ltd. Japan's largest game development outsourcing company, providing multi-platform game porting, remastering, and development services to major publishers — directly comparable to Ashibi's Persona/LUNAR/Neptunia port and localization work.
- HIKKY: Operator of VketCloud and Virtual Market, Japan's largest VR event platform. Directly comparable to Ashibi's Virtual Okinawa metaverse and OKIVFES virtual festival, and is also a disclosed technology partner.
- Cover Corp: Operator of Hololive Production, Japan's largest VTuber agency. Comparable to Ashibi's VTuber operations (Nemaui, Sister Princess VTuber project) on talent management, IP licensing, and merchandise revenue models.
- Psychic VR Lab: Operator of STYLY, a Japanese VR/AR content creation and distribution platform. Comparable to Ashibi's XR/metaverse content production services for enterprises such as Yamaha Motor and the Cabinet Office.
- Brave Group: Japanese VTuber technology and agency company operating multiple VTuber projects. Comparable to Ashibi on the IP-driven VTuber project management side, including brand merchandise and live event production.
Broad incumbents
- Koei Tecmo Holdings: Major Japanese game publisher (Dynasty Warriors, Atelier, Neptunia co-developer) that both outsources localization/porting work and self-publishes. Relevant incumbent comparator for Ashibi's role within the Japanese publisher ecosystem.
- Bandai Namco Entertainment: One of Japan's largest game publishers with extensive outsourcing relationships for ports, remasters, and XR content. Establishes the broader context for Ashibi's enterprise customer profile and pricing benchmarks.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
Ashibi Company social profiles
Digital presenceAshibi Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ashibi Company leadership team
Management profileNumber of profiles
Profiles3 records
Ashibi Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ashibi Company M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ashibi Company
What does Ashibi Company do?
Ashibi Company is a general entertainment firm that develops, ports, and localizes video games; produces XR/metaverse content and virtual events; operates the Okinawa-based virtual talent Nemaui and its music label ASHIBI MUSIC; sells the Shisa Cookie souvenir brand and AtelierZ metaverse fashion; and runs ASHIBI VISION digital signage at Naha's Kokusai-dori, alongside logistics DX and e-commerce services for the Kokusai-dori shopping district.
Is Ashibi Company a public or private company?
Ashibi Company is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Ashibi Company founded?
Ashibi Company was founded in 2014. It employs 51 to 100 people.
Where is Ashibi Company based?
Ashibi Company is headquartered in Naha-shi, Japan, in the Asia region.
How does Ashibi Company make money?
Eight revenue lines are on record. ゲーム開発・移植・Localization事業 is the primary driver. The others are XR/メタバース制作事業, VTuber/バーチャルタレント事業, 物流DX/EC事業, 音楽レーベル/ASHIBI MUSIC, advertising/Vision広告収入, シーサークッキー零售事業 and メタバースファッション（AtelierZ）.
Who are Ashibi Company's main competitors?
Direct peers on record are 8ing/Raizing, ANYCOLOR Inc., M2 Co., Ltd., Tose Co., Ltd., HIKKY, Cover Corp, Psychic VR Lab and Brave Group. Broad incumbents are Koei Tecmo Holdings and Bandai Namco Entertainment.
Does Ashibi Company have an API?
No public API is recorded for Ashibi Company.
What industry is Ashibi Company in?
Ashibi Company's product category is Digital Entertainment Services. Its primary akta.pro industry code is MPAFAKAM, Outsourced Art/Audio Production Services (2D/3D, Animation, VFX, Audio/VO), with a secondary code of MPAHACAN, Immersive/Interactive Animation (AR/VR/Real-Time). Its NAICS code is 516 and its SIC code is 7822.