Fonfun Corporation (JP:2323)
:2323
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Fonfun Corporation
(2323)
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Rating:59Neutral
Price Target:
¥334.00
▼(-57.23% Downside)
Action:DowngradedDate:03/24/26
The score is mainly supported by improved financial performance and solid recent cash conversion, but is held back by increased leverage and a sharp drop in gross margin. Technicals are weak (below major moving averages with negative MACD), while valuation appears moderate at ~14x earnings.
Positive Factors
Revenue Growth
A sustained, sharp rebound in revenue over 2024–2025 indicates the business has regained demand and scale after prior contraction. Durable top-line expansion supports investment in product, customer acquisition, and margin recovery, improving long-term competitive positioning.
Negative Factors
Rising Leverage
A material step-up in leverage reduces balance-sheet flexibility and raises interest and refinancing risk if growth or profitability falters. Higher debt levels make the company more sensitive to cash-flow swings and limit strategic optionality over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
A sustained, sharp rebound in revenue over 2024–2025 indicates the business has regained demand and scale after prior contraction. Durable top-line expansion supports investment in product, customer acquisition, and margin recovery, improving long-term competitive positioning.
Read all positive factors
Fonfun Corporation (2323) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥7.39B
Dividend YieldN/A
Average Volume (3M)38.93K
Price to Earnings (P/E)14.0
Beta (1Y)0.76
Revenue Growth103.49%
EPS Growth620.98%
CountryJP
Employees28
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)5.92
Shares Outstanding21,294,120
10 Day Avg. Volume34,370
30 Day Avg. Volume38,926
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)2.95
Price to Sales (P/S)2.22
P/FCF Ratio15.22
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Fonfun Corporation Business Overview & Revenue Model
Company Description
fonfun corporation provides content services for internet-compatible mobile phones. It offers Remote mail (personal version), an email service; Remote mail (corporate service), a service to view and send and receive company emails from mobile phon...
Fonfun Corporation Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
55
Neutral
Cash Flow
69
Positive
| Breakdown | TTM | Mar 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 680.81M | 1.27B | 699.74M | 393.09M | 556.32M | 592.31M |
| Gross Profit | 391.76M | 489.66M | 407.59M | 217.74M | 357.00M | 408.00M |
| EBITDA | 160.07M | 159.88M | 91.89M | 58.63M | 27.05M | 95.02M |
| Net Income | 121.32M | 169.35M | 68.15M | 18.91M | -17.11M | 41.41M |
Balance Sheet | ||||||
| Total Assets | 952.60M | 2.15B | 1.01B | 939.38M | 950.09M | 904.32M |
| Cash, Cash Equivalents and Short-Term Investments | 568.78M | 711.06M | 677.93M | 533.21M | 614.27M | 531.25M |
| Total Debt | 172.73M | 976.14M | 249.28M | 327.44M | 315.21M | 240.95M |
| Total Liabilities | 291.69M | 1.19B | 386.79M | 389.35M | 396.88M | 333.90M |
| Stockholders Equity | 660.91M | 957.32M | 621.73M | 550.03M | 553.20M | 570.41M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 185.25M | 173.76M | 105.47M | 24.74M | 86.89M |
| Operating Cash Flow | 0.00 | 190.53M | 175.98M | 108.33M | 31.53M | 90.36M |
| Investing Cash Flow | 0.00 | -1.22B | 288.05M | -164.93M | -133.86M | 86.31M |
| Financing Cash Flow | 0.00 | 875.50M | -89.27M | 26.83M | 74.15M | -35.53M |
Fonfun Corporation Technical Analysis
Positive
781.00
Price Trends
367.70
Negative
338.78
Positive
275.02
Positive
Market Momentum
-4.26
Negative
50.76
Neutral
66.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2323, the sentiment is Positive. The current price of 781 is above the 20-day moving average (MA) of 338.90, above the 50-day MA of 367.70, and above the 200-day MA of 275.02, indicating a neutral trend. The MACD of -4.26 indicates Negative momentum. The RSI at 50.76 is Neutral, neither overbought nor oversold. The STOCH value of 66.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2323.
Fonfun Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥18.54B | 7.63 | ― | 2.36% | -2.68% | -12.83% | |
73 Outperform | ¥8.73B | 11.18 | ― | 0.95% | 9.36% | -1.69% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | ¥7.39B | 14.04 | ― | ― | 103.49% | 620.98% | |
45 Neutral | ¥10.86B | -0.86 | ― | 5.03% | 3.97% | 63.06% | |
44 Neutral | ¥21.56B | -6.86 | ― | ― | 25.89% | -285.21% | |
42 Neutral | ¥6.85B | -28.24 | ― | ― | -29.41% | 79.74% |
* Technology Sector Average
JP:2323
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.