FAN Communications, Inc. logo

FAN Communications, Inc.

2461.T

JPXCommunication ServicesAdvertising Agencies

Latest quote

¥398

+¥1.00 · +0.25%

Aug 24, 1:29 PM JST

2461.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Established in 1999 and headquartered in Tokyo, Japan, FAN Communications, Inc. is a key player in the Japanese internet advertising sector, offering a broad spectrum of services. The company's primary focus includes a cost-per-action (CPA) ad network, which incorporates both smartphone app installation advertising and affiliate marketing, a field where ad distribution is strategically fine-tuned. It notably operates A8.net, a widely used affiliate service compatible with PCs, smartphones, and tablets. Beyond CPA, FAN Communications also delivers cost-per-click (CPC) solutions, such as the nend smartphone ad network for web and app media, alongside cost-per-install (CPI) advertising services. Furthermore, it functions as an agency, managing advertising placements on third-party platforms, including listing ads, banner ads for major portal sites, and search engine optimization (SEO) initiatives. Diversifying its portfolio, the company maintains several other platforms: docomo Account Cash Get Mall and monoka, both offering cashback on purchases; Colleee, a points-based shopping service; WorkAny, a platform connecting individuals with part-time and side-business opportunities; A8M&A, an end-to-end marketplace for website mergers and acquisitions; ViiBee, a video review application; and GERA, a podcast app.

Industry
Advertising Agencies
Sector
Communication Services
Headquarters
JP
CEO
Koji Ninomiya
Listed since
Nov 30, 2005
Employees
356

Market position

Day range

Current ¥398

52-week range

Current ¥398

Open
¥396
Previous close
¥397
Volume
78.4K
0.87× average
Average volume
89.87K
Average daily volume
Market cap
26.22B JPY
Beta
0.17
Market reference 1
50-day average
¥404
-1.49% below average
200-day average
¥459.37
-13.36% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
18.83B JPY
EV / EBITDA
8.43×
Earnings yield
3.90%
Free cash flow yield
6.33%

Profitability & efficiency

Return on equity
7.44%
Return on assets
5.70%
Return on invested capital
7.33%

Financial health

Current ratio
3.43×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends95%63%30%-2%Gross margin, FY2021: 23.39%Gross margin, FY2022: 78.82%Gross margin, FY2023: 80.23%Gross margin, FY2024: 84.57%Gross margin, FY2025: 86.85%Operating margin, FY2021: 8.68%Operating margin, FY2022: 31.11%Operating margin, FY2023: 27.96%Operating margin, FY2024: 22.92%Operating margin, FY2025: 27.69%Net margin, FY2021: 6.13%Net margin, FY2022: 19.84%Net margin, FY2023: 16.67%Net margin, FY2024: 20.39%Net margin, FY2025: 18.43%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 23.39%. Gross margin FY2022 78.82%. Gross margin FY2023 80.23%. Gross margin FY2024 84.57%. Gross margin FY2025 86.85%. Operating margin FY2021 8.68%. Operating margin FY2022 31.11%. Operating margin FY2023 27.96%. Operating margin FY2024 22.92%. Operating margin FY2025 27.69%. Net margin FY2021 6.13%. Net margin FY2022 19.84%. Net margin FY2023 16.67%. Net margin FY2024 20.39%. Net margin FY2025 18.43%.

Income trends

Revenue

7.1B JPY+1.94%

Operating income

1.97B JPY+23.14%

Net income

1.31B JPY-7.86%
Income trends across reported periods29.25B JPY19.06B JPY8.87B JPY−1.31B JPYRevenue, FY2021: 26.7B JPYRevenue, FY2022: 7.74B JPYRevenue, FY2023: 7.4B JPYRevenue, FY2024: 6.96B JPYRevenue, FY2025: 7.1B JPYOperating income, FY2021: 2.32B JPYOperating income, FY2022: 2.41B JPYOperating income, FY2023: 2.07B JPYOperating income, FY2024: 1.6B JPYOperating income, FY2025: 1.97B JPYNet income, FY2021: 1.64B JPYNet income, FY2022: 1.54B JPYNet income, FY2023: 1.23B JPYNet income, FY2024: 1.42B JPYNet income, FY2025: 1.31B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 26.7B JPY. Revenue FY2022 7.74B JPY. Revenue FY2023 7.4B JPY. Revenue FY2024 6.96B JPY. Revenue FY2025 7.1B JPY. Operating income FY2021 2.32B JPY. Operating income FY2022 2.41B JPY. Operating income FY2023 2.07B JPY. Operating income FY2024 1.6B JPY. Operating income FY2025 1.97B JPY. Net income FY2021 1.64B JPY. Net income FY2022 1.54B JPY. Net income FY2023 1.23B JPY. Net income FY2024 1.42B JPY. Net income FY2025 1.31B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue7.1B JPY6.96B JPY7.4B JPY7.74B JPY26.7B JPY
Cost of goods sold933.05M JPY1.07B JPY1.46B JPY1.64B JPY20.45B JPY
Gross profit6.16B JPY5.89B JPY5.93B JPY6.1B JPY6.25B JPY
Selling, general, and administrative4.2B JPY4.29B JPY3.87B JPY3.69B JPY3.93B JPY
Operating expenses4.2B JPY4.29B JPY3.87B JPY3.69B JPY3.93B JPY
Interest income44.73M JPY8.84M JPY8.1M JPY6.39M JPY4.94M JPY
Depreciation and amortization252.07M JPY183.61M JPY122.7M JPY140.05M JPY197.1M JPY
Operating income1.97B JPY1.6B JPY2.07B JPY2.41B JPY2.32B JPY
Net income1.31B JPY1.42B JPY1.23B JPY1.54B JPY1.64B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
1.38

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates6.794.923.051.17Q4 '24Q1 '25Q2 '25Q3 '25Q3 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 8, 2024: actual 2.5, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 6, 2025: actual 6.39, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 8, 2025: actual 5.88, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 6, 2025: actual 4.59, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 4.76, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 9, 2026: actual 4.51, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 8, 2026: actual 1.63, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 10, 2026: actual 1.38, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.93B1.82B1.71B1.6BQ4 '24BeatQ1 '25BeatQ2 '25No estimateQ3 '25No estimateQ3 '25No estimateQ1 '26No estimateQ2 '26No estimateQ3 '26No estimate
Q4 2024, reported Nov 8, 2024: actual 1.76B JPY, estimate 1.71B JPY, surprise +2.81%, Beat. Q1 2025, reported Feb 6, 2025: actual 1.8B JPY, estimate 1.71B JPY, surprise +5.15%, Beat. Q2 2025, reported May 8, 2025: actual 1.86B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 6, 2025: actual 1.79B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Sep 30, 2025: actual 1.78B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 9, 2026: actual 1.68B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 8, 2026: actual 1.73B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 10, 2026: actual 1.7B JPY, estimate —, surprise —, Comparison unavailable.

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