Japanese Media Undervalued over 20% based on DCF

LY

Market Cap: JP¥4.0t

Engages in the online advertising and e-commerce businesses in Japan.

TBS HoldingsInc

Market Cap: JP¥806.4b

Engages in the broadcasting and real estate businesses primarily in Japan.

Kadokawa

Market Cap: JP¥553.4b

Operates as an entertainment company in Japan.

SKY Perfect JSAT Holdings

Market Cap: JP¥417.4b

Provides satellite-based multichannel pay TV and satellite communications services primarily in Asia.

TVhi Holdings

Market Cap: JP¥294.8b

Engages in the television (TV) broadcasting business in Japan and internationally.

DeNA

Market Cap: JP¥266.9b

Develops and operates mobile and online services worldwide.

COVER

Market Cap: JP¥141.2b

Engages in the virtual platform, VTuber production, and media mix businesses.

Septeni Holdings

Market Cap: JP¥93.1b

Through its subsidiaries, engages in the digital marketing and media platform businesses in Japan and internationally.

GREE Holdings

Market Cap: JP¥86.5b

Engages in game and Metaverse businesses.

dely

Market Cap: JP¥77.9b

Plans, develops, manages, and operates multiple smartphone apps and web media.

MTI

Market Cap: JP¥51.9b

Engages in the content distribution for mobile phones in Japan.

ZIGExN

Market Cap: JP¥51.6b

Operates the life service platform worldwide.

Akatsuki

Market Cap: JP¥43.5b

Engages in the game, comic, and other businesses primarily in Japan.

AlphaPolis

Market Cap: JP¥43.3b

Engages in Internet site management and books publishing businesses in Japan.

PR TIMES

Market Cap: JP¥38.1b

Operates PR TIMES platform that connects companies, media, and consumer with news in Japan.

i-mobileLtd

Market Cap: JP¥35.0b

Engages in the Internet advertising business in Japan.

ITmedia

Market Cap: JP¥32.1b

Engages in the development and operation of Internet-only media providing information on various topics in Japan.

note

Market Cap: JP¥21.9b

Engages in the media platform business in Japan.

Auto Server

Market Cap: JP¥17.2b

Operates a used car distribution platform for used car dealers and automobile-related businesses in Japan.

Cookpad

Market Cap: JP¥16.7b

Engages in the cooking video business in Japan.

Starts Publishing

Market Cap: JP¥16.5b

Engages in the book content and media solutions business in Japan.

Brangista

Market Cap: JP¥10.2b

Produces and publishes e-magazines primarily in Japan.

Oricon

Market Cap: JP¥10.0b

Designs and operates websites.

NIFTY Lifestyle

Market Cap: JP¥9.2b

Provides action support platforms and solutions in Japan.

CL Holdings

Market Cap: JP¥8.7b

Provides marketing services in Japan and internationally.

Zenken

Market Cap: JP¥8.2b

Provides IT, language education, and real estate services in Japan.

Hobonichi

Market Cap: JP¥7.9b

Engages in the operation and content creation of Hobonichi Itoi Shimbun website and the Hobonichi web store in Japan.

Shobunsha Holdings

Market Cap: JP¥7.6b

Engages in the planning, producing, and publishing maps, magazines, and guidebooks in Japan.

Hatena

Market Cap: JP¥4.2b

Engages in the internet-related business in Japan.

Livesense

Market Cap: JP¥4.0b

Engages in the internet media business in Japan.

Value CreationLtd

Market Cap: JP¥3.7b

Engages in the marketing DX and digital media businesses.

CommSeed

Market Cap: JP¥2.7b

Engages in the mobile content business in Japan.

GLOE

Market Cap: JP¥2.6b

A gaming lifestyle company, provides games and esports planning and production, consulting, promotion, facility management, etc.

visumo

Market Cap: JP¥1.7b

Engages in the design and development of a SaaS based visual marketing platform for digital marketing and enrich website content.