Adways Inc. logo

Adways Inc.

2489.T

JPXCommunication ServicesAdvertising Agencies

Latest quote

¥371

−¥9.00 · -2.37%

Aug 24, 1:21 PM JST

2489.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Adways Inc. offers affiliate advertising services across PC and mobile platforms, in addition to mobile application and content development, with operations spanning Japan, China, Taiwan, the Philippines, and the United States. Its diverse portfolio includes mobile marketing platforms such as Unicorn for comprehensive app marketing, AppDriver for CPI-based mobile advertisements, and Yoyaku Top10 for smartphone app pre-registration. For broader advertising needs, the company provides STROBELIGHTS for performance ad management, Oct-pass for smartphone native advertisements, and web affiliate services like Smart-C and JANet, catering to feature phones, smartphones, and personal computers. Creative support is offered via YACLE, while adna delivers analytics across all device types, and Rewardplus specializes in reward-based advertising for both PC and mobile. Additional specialized tools encompass Dobel for video advertising, MASSIVE for automated banner creation, and Keynet for keyword advertising on Chinese web search engines. Its programmatic ad capabilities feature Blue Bee Box, a DSP trading desk, and Blue Bee Native, a CPM-based native ad network. Beyond its core advertising and development activities, Adways also manages SPOT, an online media platform delivering travel and leisure information through personal experiences, and Leyifan, an international shipping agent facilitating e-commerce for global users. Adways Inc. was established in Tokyo, Japan, in 2001.

Industry
Advertising Agencies
Sector
Communication Services
Headquarters
JP
CEO
Sho Yamada
Listed since
Jun 20, 2006
Employees
941

Market position

Day range

Current ¥371

52-week range

Current ¥371

Open
¥380
Previous close
¥380
Volume
74.3K
0.29× average
Average volume
254.43K
Average daily volume
Market cap
14.5B JPY
Beta
-0.1
Market reference 1
50-day average
¥311.78
+18.99% above average
200-day average
¥283.63
+30.81% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
393.39M JPY
P/E (TTM)
10.32×
P/B (TTM)
1.01×
P/S (TTM)
1.15×
EV / EBITDA
0.5×
Earnings yield
2.45%
Free cash flow yield
-1.23%
Dividend yield
1.73%

Profitability & efficiency

Gross margin
83.97%
Operating margin
10.10%
Net margin
11.11%
Return on equity
1.85%
Return on assets
1.13%
Return on invested capital
0.97%

Financial health

Debt / equity
Current ratio
2.24×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends91%57%22%-12%Gross margin, FY2021: 82.07%Gross margin, FY2022: 80.55%Gross margin, FY2023: 80.97%Gross margin, FY2024: 81.61%Gross margin, FY2025: 82.64%Operating margin, FY2021: 13.37%Operating margin, FY2022: 8.81%Operating margin, FY2023: 6.81%Operating margin, FY2024: 1.31%Operating margin, FY2025: 2.43%Net margin, FY2021: 10.61%Net margin, FY2022: 18.91%Net margin, FY2023: 7.14%Net margin, FY2024: -3.73%Net margin, FY2025: 2.07%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 82.07%. Gross margin FY2022 80.55%. Gross margin FY2023 80.97%. Gross margin FY2024 81.61%. Gross margin FY2025 82.64%. Operating margin FY2021 13.37%. Operating margin FY2022 8.81%. Operating margin FY2023 6.81%. Operating margin FY2024 1.31%. Operating margin FY2025 2.43%. Net margin FY2021 10.61%. Net margin FY2022 18.91%. Net margin FY2023 7.14%. Net margin FY2024 -3.73%. Net margin FY2025 2.07%.

Income trends

Revenue

12.22B JPY-3.67%

Operating income

297.23M JPY+78.64%

Net income

252.9M JPY+726.36M JPY
Income trends across reported periods14.92B JPY9.32B JPY3.73B JPY−1.87B JPYRevenue, FY2021: 12.93B JPYRevenue, FY2022: 13.42B JPYRevenue, FY2023: 13.52B JPYRevenue, FY2024: 12.68B JPYRevenue, FY2025: 12.22B JPYOperating income, FY2021: 1.73B JPYOperating income, FY2022: 1.18B JPYOperating income, FY2023: 921.54M JPYOperating income, FY2024: 166.39M JPYOperating income, FY2025: 297.23M JPYNet income, FY2021: 1.37B JPYNet income, FY2022: 2.54B JPYNet income, FY2023: 966.14M JPYNet income, FY2024: −473.46M JPYNet income, FY2025: 252.9M JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 12.93B JPY. Revenue FY2022 13.42B JPY. Revenue FY2023 13.52B JPY. Revenue FY2024 12.68B JPY. Revenue FY2025 12.22B JPY. Operating income FY2021 1.73B JPY. Operating income FY2022 1.18B JPY. Operating income FY2023 921.54M JPY. Operating income FY2024 166.39M JPY. Operating income FY2025 297.23M JPY. Net income FY2021 1.37B JPY. Net income FY2022 2.54B JPY. Net income FY2023 966.14M JPY. Net income FY2024 −473.46M JPY. Net income FY2025 252.9M JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue12.22B JPY12.68B JPY13.52B JPY13.42B JPY12.93B JPY
Cost of goods sold2.12B JPY2.33B JPY2.57B JPY2.61B JPY2.32B JPY
Gross profit10.1B JPY10.35B JPY10.95B JPY10.81B JPY10.61B JPY
Research and development43.7M JPY92.24M JPY56.94M JPY60.91M JPY
Selling, general, and administrative9.8B JPY10.14B JPY9.94B JPY9.57B JPY8.83B JPY
Operating expenses9.8B JPY10.18B JPY10.03B JPY9.62B JPY8.88B JPY
Interest income26.62M JPY20.83M JPY16.85M JPY10.85M JPY1.18M JPY
Depreciation and amortization152.74M JPY236.08M JPY228.9M JPY246.15M JPY213.03M JPY
Operating income297.23M JPY166.39M JPY921.54M JPY1.18B JPY1.73B JPY
Net income252.9M JPY−473.46M JPY966.14M JPY2.54B JPY1.37B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
17.24

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates20.026.59-6.85-20.28Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 31, 2024: actual 0.82, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 7, 2025: actual -17.5, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 8, 2025: actual 5.13, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 6, 2025: actual -7.07, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 6, 2025: actual 4.47, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 10, 2026: actual 3.97, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 7, 2026: actual 10.25, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 12, 2026: actual 17.24, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates3.76B3.38B3B2.62BQ4 '24MissQ1 '25MissQ2 '25No estimateQ3 '25No estimateQ4 '25No estimateQ1 '26No estimateQ2 '26No estimateQ3 '26No estimate
Q4 2024, reported Oct 31, 2024: actual 3.05B JPY, estimate 3.43B JPY, surprise -11.19%, Miss. Q1 2025, reported Feb 7, 2025: actual 3.24B JPY, estimate 3.62B JPY, surprise -10.39%, Miss. Q2 2025, reported May 8, 2025: actual 3.14B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 6, 2025: actual 2.77B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 6, 2025: actual 2.96B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 10, 2026: actual 3.35B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 7, 2026: actual 3.28B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 12, 2026: actual 3.04B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥6.42

2025 complete year-17.4% since 2021

Corporate action history

DividendUpcoming

Ex-dividend Dec 29, 2026

¥12.06

Annual

Record Dec 31, 2026 · Payment Dec 29, 2026

Dividend

Ex-dividend Dec 29, 2025

¥6.42

Annual

Record Dec 31, 2025 · Payment Mar 26, 2026

Dividend

Ex-dividend Dec 27, 2024

¥3.00

Semi-Annual

Record Dec 31, 2024 · Payment Mar 27, 2025

Dividend

Ex-dividend Dec 28, 2023

¥5.77

Annual

Record Dec 31, 2023 · Payment Mar 27, 2024

Dividend

Ex-dividend Dec 29, 2022

¥14.10

Annual

Record Dec 31, 2022 · Payment Mar 24, 2023

Dividend

Ex-dividend Dec 29, 2021

¥5.17

Annual

Record Dec 31, 2021 · Payment Mar 25, 2022

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