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:Reiterated
Date: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
Balance Sheet Strength
Zero reported debt materially reduces financial risk and increases resilience through advertising cycles. This structural strength preserves liquidity for dividend payouts, selective M&A, and product investment without relying on external financing, supporting durable operational flexibility.
Negative Factors
Sustained Revenue Decline
A multi-year top-line contraction undermines scale benefits and threatens long-term growth prospects. Persistent revenue decline can erode bargaining power with advertisers and partners, limit reinvestment capacity, and eventually pressure margins and shareholder returns if not reversed.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Zero reported debt materially reduces financial risk and increases resilience through advertising cycles. This structural strength preserves liquidity for dividend payouts, selective M&A, and product investment without relying on external financing, supporting durable operational flexibility.
Read all positive factors
FAN Communications. Inc. (2461) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥28.05B
Dividend Yield5.08%
Average Volume (3M)72.94K
Price to Earnings (P/E)67.5
Beta (1Y)0.30
Revenue Growth-1.98%
EPS Growth-20.66%
CountryJP
Employees409
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)19.36
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
Positive
531.00
Price Trends
462.26
Positive
484.65
Negative
482.54
Negative
Market Momentum
-0.68
Negative
61.23
Neutral
95.21
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2461, the sentiment is Positive. The current price of 531 is above the 20-day moving average (MA) of 450.35, above the 50-day MA of 462.26, and above the 200-day MA of 482.54, indicating a neutral trend. The MACD of -0.68 indicates Negative momentum. The RSI at 61.23 is Neutral, neither overbought nor oversold. The STOCH value of 95.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | ¥29.37B | 3.66 | ― | 5.35% | 5.51% | -3.23% | |
66 Neutral | ¥8.76B | 12.89 | ― | 2.61% | 11.54% | 222.33% | |
64 Neutral | ¥86.38B | 25.32 | ― | 7.03% | 7.16% | -36.88% | |
63 Neutral | ¥28.05B | 67.47 | ― | 5.08% | -1.98% | -20.66% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | ¥15.16B | -10.28 | ― | 7.85% | -38.96% | -127.02% | |
50 Neutral | ¥12.91B | 2.40 | ― | ― | -0.41% | ― |
* Communication Services Sector Average
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FAN Communications. Inc. Corporate Events
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 ...
FAN Communications Completes ¥303.7 Million Share Buyback Program
May 1, 2026
FAN Communications, Inc. has completed a share repurchase program authorized by its board in February 2026, acquiring a total of 654,600 common shares on the Tokyo Stock Exchange for approximately 303.7 million yen. The latest tranche, executed be...
FAN Communications Completes Treasury Share Allotment for Director Stock Compensation
Apr 20, 2026
FAN Communications has completed the allotment procedures for the disposal of 3,000 shares of its treasury stock under a time-vesting restricted stock compensation plan. The shares, valued at 450 yen each based on the market closing price before t...
FAN Communications’ March Data Highlight Weak Core Ads, Strong Strategic Growth
Apr 15, 2026
FAN Communications reported consolidated March 2026 monthly figures showing continued softness in its core CPA Solution Business, with revenue down year-on-year to ¥433.3 million and transaction volume declining to ¥1.82 billion. This se...
FAN Communications Reports Progress on Share Repurchase Program
Apr 6, 2026
FAN Communications, Inc. reported the status of its ongoing share repurchase program authorized by its board in February 2026, under which it is buying back common shares on the Tokyo Stock Exchange. Between March 1 and March 31, 2026, the company...
FAN Communications Affirms Independence Despite Major Stake by Hikari Tsushin
Apr 1, 2026
FAN Communications has disclosed its relationship with major shareholder HIKARI TSUSHIN, INC., which indirectly holds 22.37% of its voting rights through several affiliated investment entities. Despite this significant stake, FAN Communications em...
FAN Communications Adopts New Performance-Based and Time-Vesting Stock Compensation for Directors
Mar 25, 2026
FAN Communications, Inc. has introduced two new equity-based compensation plans for its directors, excluding audit committee members and outside directors, following shareholder approval at its 27th Annual General Meeting. The plans consist of a P...
FAN Communications Confirms Leadership Team and Adds DX Chief
Mar 25, 2026
FAN Communications, Inc. has reaffirmed its current leadership structure, with Representative Director and President Koji Ninomiya, Executive Vice President and Director Takashi Yoshinaga, Director Masato Kato, and outside directors Kazusuke Obi a...
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...
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.