FAN Communications. Inc. (JP:2461)
:2461
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FAN Communications. Inc.
(2461)
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Rating:63Neutral
Price Target:
¥472.00
▼(-11.11% Downside)
Action:ReiteratedDate:03/24/26
The score is anchored by strong financial resilience (no debt), high margins, and solid cash flow quality, but is held back by sustained revenue decline. Technically, the stock is in a downtrend (below key moving averages with negative MACD), while valuation is mixed—an attractive dividend yield is offset by a relatively elevated P/E for a shrinking top line.
Positive Factors
Zero debt, conservative balance sheet
A zero-debt balance sheet materially lowers refinancing and solvency risk, giving management durable optionality to fund AI investments, buybacks, dividends, or pursue M&A during downturns. This structural strength supports multi-quarter resilience in a cyclical ad market.
Negative Factors
Persistent multi-year revenue decline
A sustained top-line contraction erodes operational leverage and challenges growth targets. Even with high margins, shrinking revenue reduces absolute profit pool, limits reinvestment capacity, and makes meeting medium-term operating income and ROE goals more difficult over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero debt, conservative balance sheet
A zero-debt balance sheet materially lowers refinancing and solvency risk, giving management durable optionality to fund AI investments, buybacks, dividends, or pursue M&A during downturns. This structural strength supports multi-quarter resilience in a cyclical ad market.
Read all positive factors
FAN Communications. Inc. (2461) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥29.97B
Dividend Yield5.08%
Average Volume (3M)72.94K
Price to Earnings (P/E)25.6
Beta (1Y)0.31
Revenue Growth3.22%
EPS Growth13.97%
CountryJP
Employees409
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)4.51
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
FAN Communications, Inc. develops Internet advertising related businesses in Japan. The company offers cost per action ad network business that comprises of smartphone app installed advertising and affiliate advertising, which optimizes ad distrib...
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 | 7.20B | 7.10B | 6.96B | 7.40B | 7.74B | 26.70B |
| Gross Profit | 6.33B | 6.16B | 5.89B | 5.93B | 6.10B | 6.25B |
| EBITDA | 2.19B | 2.22B | 1.78B | 2.19B | 2.55B | 2.52B |
| Net Income | 1.28B | 1.31B | 1.42B | 1.23B | 1.54B | 1.64B |
Balance Sheet | ||||||
| Total Assets | 22.95B | 22.93B | 23.36B | 23.38B | 23.86B | 24.65B |
| Cash, Cash Equivalents and Short-Term Investments | 14.60B | 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 | 5.50B | 5.35B | 5.30B | 5.49B | 5.90B | 4.95B |
| Stockholders Equity | 17.45B | 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
475.50
Negative
492.41
Negative
481.12
Negative
Market Momentum
-7.12
Negative
40.75
Neutral
26.67
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 459.35, above the 50-day MA of 475.50, and above the 200-day MA of 481.12, indicating a bearish trend. The MACD of -7.12 indicates Negative momentum. The RSI at 40.75 is Neutral, neither overbought nor oversold. The STOCH value of 26.67 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥28.56B | 3.66 | ― | 5.35% | 58.08% | 29.89% | |
64 Neutral | ¥86.59B | 27.09 | ― | 7.03% | -10.10% | -37.28% | |
63 Neutral | ¥29.97B | 25.63 | ― | 5.08% | 3.22% | 13.97% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | ¥8.97B | 12.89 | ― | 2.61% | 11.84% | 246.10% | |
57 Neutral | ¥13.80B | 29.59 | ― | 7.85% | -3.20% | 34.08% | |
50 Neutral | ¥13.21B | 2.40 | ― | ― | -2.68% | 91.68% |
* Communication Services Sector Average
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FAN Communications. Inc. Corporate Events
FAN Communications Restructures Influencer Operations Into Two New Divisions
Mar 19, 2026
FAN Communications, Inc. has approved an internal reorganization that will abolish its existing Influencer Marketing Division and replace it with two new units, the LUMOS Division and the NOX Division, effective April 1, 2026. The move redistribut...
FAN Communications’ February Revenue Declines as Core CPA Business Weakens
Mar 16, 2026
FAN Communications reported consolidated revenue of ¥535.9 million for February 2026, down from the prior year, as its core CPA Solution Business continued to contract, with revenue falling to ¥404.9 million and transaction volume declin...
FAN Communications Reports Progress on Share Buyback Program
Mar 13, 2026
FAN Communications, Inc. has reported progress on its ongoing share repurchase program authorized by its board of directors on February 9, 2026 under the Companies Act. The company acquired 214,700 common shares on the Tokyo Stock Exchange between...
FAN Communications Keeps Existing Leadership Slate for 2026 Shareholders’ Meeting
Feb 20, 2026
FAN Communications, Inc. has announced a slate of director candidates approved by its Board for election at the 27th Ordinary General Meeting of Shareholders scheduled for March 25, 2026. The proposed board maintains continuity in top management, ...
FAN Communications Moves to Give Board Greater Control Over Dividend Decisions
Feb 20, 2026
FAN Communications’ board has approved a proposal to partially amend its Articles of Incorporation, shifting the authority to decide dividends of retained earnings from the General Meeting of Shareholders to the Board of Directors, except wh...
FAN Communications Corrects Disclosure on Executive Stock Compensation Plans
Feb 16, 2026
FAN Communications, Inc. has clarified its plans to revise its executive compensation structure by introducing performance-condition and time-vesting restricted stock compensation plans for directors who are not audit or outside board members. The...
FAN Communications Sets Price for Restricted Stock Disposal to Employee Share Scheme
Feb 16, 2026
FAN Communications, Inc. has set the disposal price for its planned issuance of restricted stock to its Employee Shareholding Association at 485 yen per share, for a total disposal amount of 48.5 million yen. The price was determined by referencin...
FAN Communications’ January Revenue Slips as Core CPA Business Softens
Feb 16, 2026
FAN Communications reported consolidated revenue of ¥560.9 million for January 2026, down 4.8% year on year, as weakness in its core CPA Solution Business outweighed strong growth in its Strategic Business. The CPA segment’s revenue fel...
FAN Communications Revises Medium-Term Plan to Boost AI Investment and Capital Efficiency
Feb 13, 2026
FAN Communications has partially revised its medium-term management plan for fiscal years 2025 to 2027 after outperforming its initial FY2025 operating profit target, posting 1.965 billion yen versus a goal of 1.81 billion yen. The company remains...
FAN Communications Lifts Sales and Dividend Despite Lower FY2025 Bottom Line
Feb 9, 2026
FAN Communications reported a modest 1.9% rise in net sales to ¥7,096 million for the year ended December 31, 2025, while operating profit climbed 23.1% to ¥1,965 million and ordinary profit grew 20.6%. Profit attributable to owners of p...
FAN Communications to Introduce Performance-Linked Restricted Stock for Directors
Feb 9, 2026
FAN Communications, Inc. has resolved to revise its executive compensation structure by introducing two new equity-based plans for internal directors: a Performance-Condition Restricted Stock Compensation Plan and a Time-Vesting Restricted Stock C...
FAN Communications Launches ¥364 Million Share Buyback for Capital Flexibility and Stock Compensation
Feb 9, 2026
FAN Communications, Inc., a TSE Prime-listed digital advertising and online marketing services provider, has built its business around performance-based advertising solutions and shareholder-aligned compensation structures. The company actively ma...
FAN Communications to Grant Restricted Treasury Shares to Employee Shareholding Association
Feb 9, 2026
FAN Communications, Inc. has approved the disposal of up to 100,000 shares of its treasury stock as restricted stock to its Employee Shareholding Association, with the offering limited to employees who opt into the program. The disposal, scheduled...
FAN Communications Reports Softer December Revenue as Core CPA Business Weakens
Jan 15, 2026
FAN Communications reported monthly consolidated revenue and transaction volumes for December 2025, showing a year-on-year decline in its core CPA Solution Business, partially offset by growth in the Strategic Business segment. Total consolidated ...
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.