Want to see JP:2461 full AI Analyst Report?
Top Page
FAN Communications. Inc.
(2461)
Select Model
Select Model
Rating:65Neutral
Price Target:
¥431.00
▼(-18.83% Downside)
Action:Reiterated
Date:08/07/26
The score is primarily supported by strong financial resilience (no debt), high margins, and solid cash generation. It is held back by sustained revenue contraction and weak technical momentum (below longer-term moving averages with negative MACD). Valuation is mixed: the very high dividend yield helps, but the P/E remains relatively high.
Positive Factors
Debt-free Balance Sheet
Zero reported debt materially reduces financial risk and gives management flexibility to fund operations, survive advertising cycles, and maintain dividends or capex without relying on external financing. This conservatism supports resilience through downturns and underwriting strategic moves over the next several months.
Negative Factors
Sustained Revenue Decline
Multi-year top-line contraction and a 2025 net-income step-down indicate shrinking scale and weakening demand for core services. Continued revenue erosion undermines operating leverage, constrains growth investments, and raises the risk that margins and dividend levels will be harder to sustain absent a credible revenue stabilization or new growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free Balance Sheet
Zero reported debt materially reduces financial risk and gives management flexibility to fund operations, survive advertising cycles, and maintain dividends or capex without relying on external financing. This conservatism supports resilience through downturns and underwriting strategic moves over the next several months.
Read all positive factors
FAN Communications. Inc. (2461) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥26.46B
Dividend Yield7.39%
Average Volume (3M)72.94K
Price to Earnings (P/E)32.5
Beta (1Y)0.24
Revenue Growth-4.37%
EPS Growth-36.60%
CountryJP
Employees356
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)12.28
Shares Outstanding66,310,430
10 Day Avg. Volume80,840
30 Day Avg. Volume72,940
Financial Highlights & Ratios
PEG Ratio-3.25
Price to Book (P/B)1.91
Price to Sales (P/S)4.72
P/FCF Ratio15.79
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)15.1
Revenue Forecast (FY)¥6.90B
FAN Communications. Inc. Business Overview & Revenue Model
Company Description
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 net...
How the Company Makes Money
null...
FAN Communications. Inc. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
86
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.89B | 7.10B | 6.96B | 7.40B | 7.74B | 26.70B |
| Gross Profit | 5.58B | 6.16B | 5.89B | 5.93B | 6.10B | 6.25B |
| EBITDA | 1.57B | 2.23B | 1.88B | 2.01B | 2.44B | 2.68B |
| Net Income | 812.76M | 1.31B | 1.42B | 1.23B | 1.54B | 1.64B |
Balance Sheet | ||||||
| Total Assets | 21.24B | 22.93B | 23.36B | 23.38B | 23.86B | 24.65B |
| Cash, Cash Equivalents and Short-Term Investments | 12.62B | 15.09B | 17.42B | 17.90B | 17.36B | 19.56B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 4.97B | 5.35B | 5.30B | 5.49B | 5.90B | 4.95B |
| Stockholders Equity | 16.27B | 17.58B | 18.06B | 17.89B | 17.95B | 19.71B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.12B | 1.27B | 1.48B | 2.47B | 1.35B |
| Operating Cash Flow | 0.00 | 2.13B | 1.28B | 1.51B | 2.50B | 1.36B |
| Investing Cash Flow | 0.00 | -2.69B | -346.62M | 18.43M | -1.56B | 802.91M |
| Financing Cash Flow | 0.00 | -1.76B | -1.26B | -1.32B | -3.30B | -2.39B |
FAN Communications. Inc. Technical Analysis
Negative
531.00
Price Trends
402.02
Negative
415.91
Negative
448.63
Negative
Market Momentum
-2.39
Positive
47.85
Neutral
48.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2461, the sentiment is Negative. The current price of 531 is above the 20-day moving average (MA) of 401.80, above the 50-day MA of 402.02, and above the 200-day MA of 448.63, indicating a bearish trend. The MACD of -2.39 indicates Positive momentum. The RSI at 47.85 is Neutral, neither overbought nor oversold. The STOCH value of 48.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2461.
FAN Communications. Inc. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥29.31B | 11.42 | ― | 5.35% | 4.88% | -5.77% | |
75 Outperform | ¥106.72B | 18.42 | ― | 7.03% | 7.63% | 69.82% | |
67 Neutral | ¥9.50B | 22.83 | ― | 2.61% | 10.50% | ― | |
65 Neutral | ¥26.46B | 32.49 | ― | 5.08% | -4.37% | -36.60% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
51 Neutral | ¥15.16B | -5.47 | ― | 7.85% | -55.40% | -157.50% | |
43 Neutral | ¥10.71B | 7.09 | ― | ― | 10.01% | ― |
* Communication Services Sector Average
JP:2461
FAN Communications. Inc.
399.00
-89.55
-18.33%
JP:2122
Interspace Co., Ltd.
1,401.00
490.89
53.94%
JP:2491
ValueCommerce Co., Ltd.
469.00
-298.22
-38.87%
JP:4293
Septeni Holdings Co., Ltd.
509.00
129.23
34.03%
JP:6094
FreakOut Holdings, Inc.
599.00
76.00
14.53%
JP:6535
i-mobile Co., Ltd.
507.00
-106.94
-17.42%
FAN Communications. Inc. Corporate Events
FAN Communications June Results Show Weakness in CPA Ads but Strong Strategic Growth
Jul 15, 2026
FAN Communications reported consolidated revenue of ¥554.98 million for June 2026, down from ¥582.04 million a year earlier, reflecting continued weakness in its core CPA Solution Business, where revenue fell to ¥384.25 million and ...
FAN Communications Reshapes Development Leadership Structure
Jun 19, 2026
FAN Communications, Inc. announced board-approved personnel changes aimed at strengthening its development organization, effective July 1, 2026. The moves appear designed to streamline management responsibilities within the Development Department ...
FAN Communications’ May Revenue Declines as Core CPA Business Softens, Strategic Segment Grows
Jun 15, 2026
FAN Communications reported consolidated revenue for May 2026 of ¥546.7 million, down 9.1% year on year, reflecting continued weakness in its core CPA Solution Business, where revenue fell to ¥391.7 million, or 81.6% of the prior-year le...
FAN Communications Cuts Size of Restricted-Stock Treasury Share Disposal After Lower Employee Uptake
May 29, 2026
FAN Communications has completed payment procedures for the disposal of a portion of its treasury shares as restricted stock to its Employee Shareholding Association, under a third-party allotment framework approved earlier by the board. Following...
FAN Communications’ April Revenue Dips as Strategic Business Offsets Weak Core Ads
May 15, 2026
FAN Communications reported consolidated revenue of ¥598.9 million for April 2026, down slightly year on year as total sales reached 99.0% of the prior-year level, reflecting continued softness in its main CPA Solution Business. The CPA segme...
FAN Communications Q1 Profit Slumps but Full-Year Outlook and Dividend Plan Intact
May 8, 2026
FAN Communications reported a weak first quarter for 2026, with net sales down 6.6% year-on-year to ¥1.73 billion and operating profit dropping 53.9% to ¥273 million. Ordinary profit fell 60.1% and profit attributable to owners declined ...
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.