Japanese Media Undervalued over 20% based on DCF

Fuji Media Holdings

Market Cap: JP¥567.6b

Through its subsidiaries, engages in the broadcasting activities in Japan.

Toei Company

Market Cap: JP¥358.7b

A content company, engages in the production and distribution of movies, television (TV) shows, and other video products in Japan.

TVhi Holdings

Market Cap: JP¥345.4b

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

ZIGExN

Market Cap: JP¥41.6b

Operates the life service platform worldwide.

Asahi Broadcasting Group Holdings

Market Cap: JP¥37.0b

Engages in the television and radio broadcasting activities in Japan and internationally.

giftee

Market Cap: JP¥33.5b

Engages in the internet service business in Japan.

AlphaPolis

Market Cap: JP¥33.2b

Engages in site management and books publishing businesses in Japan.

Port

Market Cap: JP¥31.4b

Operates various domain-specific vertical media and develops content marketing for user needs in Japan.

Chubu-Nippon Broadcasting

Market Cap: JP¥31.3b

Through its subsidiaries, engages in the television and radio broadcasting businesses.

RAKUMACHIInc

Market Cap: JP¥20.5b

Operates a real estate investment portal site under the Rakumachi name in Japan.

OVERLAP HoldingsInc

Market Cap: JP¥20.1b

Engages in the planning, production, and sale of entertainment IP contents of manga, novels, comics, and animations.

MarkLines

Market Cap: JP¥19.7b

Operates an automotive industry portal in Japan, China, the rest of Asia, North America, Europe, and internationally.

halmek holdingsLtd

Market Cap: JP¥17.2b

Engages in the content, mail order, store, consulting and advertising agency, and healthcare businesses in Japan.

Hit

Market Cap: JP¥16.8b

An advertising company, engages in outdoor and transit advertising business.

Boutiques

Market Cap: JP¥15.6b

Operates in exhibition, M&A brokerage, and recruitment support businesses in Japan.

TOWLtd

Market Cap: JP¥15.5b

Engages in the planning, production, construction, creation, and management of events and seminars primarily in Japan.

NexTone

Market Cap: JP¥14.9b

Provides music copyright management and licensing solutions in Japan and internationally.

RentracksLTD

Market Cap: JP¥13.1b

Offers WEB consulting and Internet media services in Japan and internationally.

ValueCommerce

Market Cap: JP¥10.3b

Provides marketing solutions in Japan.

Orchestra Holdings

Market Cap: JP¥10.1b

Engages in the digital transformation, digital marketing, and other businesses in Japan.

Uluru.Co.Ltd

Market Cap: JP¥9.4b

Provides crowd generated, business process outsourcing, and crowdsourcing services in Japan.

AViC

Market Cap: JP¥9.2b

Provides digital marketing services in Japan.

Kyodo Public Relations

Market Cap: JP¥8.6b

Operates as an integrated communications and public relations agency in Japan and internationally.

Zenken

Market Cap: JP¥8.4b

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

Mobile Factory

Market Cap: JP¥7.8b

Engages in the development of mobile games in Japan.

Ray

Market Cap: JP¥6.9b

Engages in the video production business in Japan.

GMO Commerce

Market Cap: JP¥6.7b

Provides marketing support for e-commerce and brick-and-mortar stores.

coconala

Market Cap: JP¥6.5b

Operates a platform to buy and sell knowledge, skills, and experience in production, business support, and consultation categories in Japan.

PRONI

Market Cap: JP¥6.3b

Owns and operates a business to business (B2B) ordering platform.

geechs

Market Cap: JP¥5.9b

Engages in the IT human resources businesses.

Enjin

Market Cap: JP¥5.7b

Provides public relation (PR) support services for small and medium sized enterprises and business owners in Japan.

KG Intelligence

Market Cap: JP¥5.6b

Operates as a content provider company.

All About

Market Cap: JP¥5.1b

Engages in the internet advertising business in Japan.

Nissen

Market Cap: JP¥4.7b

Engages in marketing management, strategy planning, solutions, consulting, and consumer survey businesses in Japan.

IID

Market Cap: JP¥4.5b

Engages in the media, research, and media commerce businesses in Japan.

Chuokeizai-Sha Holdings

Market Cap: JP¥4.0b

Engages in publishing business in Japan.