Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥322, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 17x in the Software industry in Japan. Total returns to shareholders of 345% over the past three years. Aankondiging • Jun 05
fonfun corporation to Report Q1, 2027 Results on Aug 13, 2026 fonfun corporation announced that they will report Q1, 2027 results on Aug 13, 2026 Aankondiging • May 18
fonfun corporation, Annual General Meeting, Jun 26, 2026 fonfun corporation, Annual General Meeting, Jun 26, 2026. Aankondiging • Jan 07
fonfun corporation to Report Q3, 2026 Results on Feb 13, 2026 fonfun corporation announced that they will report Q3, 2026 results on Feb 13, 2026 Aankondiging • Dec 03
fonfun corporation (TSE:2323) acquired remaining 80% stake in Microwave Digital Inc. fonfun corporation (TSE:2323) acquired remaining 80% stake in Microwave Digital Inc on December 1, 2025.
fonfun corporation (TSE:2323) completed the acquisition of remaining 80% stake in Microwave Digital Inc on December 1, 2025. Aankondiging • Oct 02
fonfun corporation to Report Q2, 2026 Results on Nov 13, 2025 fonfun corporation announced that they will report Q2, 2026 results on Nov 13, 2025 Aankondiging • Aug 06
fonfun corporation (TSE:2323) acquired Online Medical Consultation Platform Service Business from portera Co., Ltd. fonfun corporation (TSE:2323) acquired Online Medical Consultation Platform Service Business from portera Co., Ltd on August 5, 2025.
fonfun corporation (TSE:2323) completed the acquisition of Online Medical Consultation Platform Service Business from portera Co., Ltd on August 5, 2025. Aankondiging • Jun 27
fonfun corporation to Report Q1, 2026 Results on Aug 13, 2025 fonfun corporation announced that they will report Q1, 2026 results on Aug 13, 2025 Aankondiging • May 15
fonfun corporation, Annual General Meeting, Jun 26, 2025 fonfun corporation, Annual General Meeting, Jun 26, 2025. Aankondiging • Mar 13
fonfun corporation to Report Fiscal Year 2025 Results on May 15, 2025 fonfun corporation announced that they will report fiscal year 2025 results on May 15, 2025 New Risk • Feb 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Share price has been highly volatile over the past 3 months (7.3% average weekly change). Minor Risk Market cap is less than US$100m (JP¥3.26b market cap, or US$21.4m). New Risk • Dec 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Market cap is less than US$100m (JP¥3.10b market cap, or US$19.6m). Aankondiging • Dec 14
fonfun corporation to Report Q3, 2025 Results on Feb 13, 2025 fonfun corporation announced that they will report Q3, 2025 results on Feb 13, 2025 Aankondiging • Aug 27
fonfun corporation to Report Q2, 2025 Results on Nov 13, 2024 fonfun corporation announced that they will report Q2, 2025 results on Nov 13, 2024 New Risk • Aug 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Revenue is less than US$5m (JP¥638m revenue, or US$4.4m). Market cap is less than US$100m (JP¥2.95b market cap, or US$20.2m). Buy Or Sell Opportunity • Aug 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to JP¥934. The fair value is estimated to be JP¥773, however this is not to be taken as a sell recommendation but rather should be used as a guide only. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Revenue is less than US$5m (JP¥638m revenue, or US$4.5m). Market cap is less than US$100m (JP¥2.21b market cap, or US$15.6m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥664, the stock trades at a trailing P/E ratio of 55.4x. Average trailing P/E is 20x in the Software industry in Japan. Total returns to shareholders of 49% over the past three years. Buy Or Sell Opportunity • Jul 01
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.6% to JP¥845. The fair value is estimated to be JP¥691, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Aankondiging • Jun 30
fonfun corporation to Report Q1, 2025 Results on Aug 13, 2024 fonfun corporation announced that they will report Q1, 2025 results on Aug 13, 2024 New Risk • Jun 29
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Minor Risks Revenue is less than US$5m (JP¥638m revenue, or US$4.0m). Market cap is less than US$100m (JP¥2.77b market cap, or US$17.2m). Buy Or Sell Opportunity • Jun 27
Now 20% overvalued Over the last 90 days, the stock has fallen 3.4% to JP¥831. The fair value is estimated to be JP¥691, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Aankondiging • May 17
fonfun corporation, Annual General Meeting, Jun 26, 2024 fonfun corporation, Annual General Meeting, Jun 26, 2024. Buy Or Sell Opportunity • May 14
Now 20% overvalued Over the last 90 days, the stock has fallen 34% to JP¥820. The fair value is estimated to be JP¥682, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Apr 26
Now 22% overvalued Over the last 90 days, the stock has fallen 4.1% to JP¥840. The fair value is estimated to be JP¥690, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Apr 24
Now 22% overvalued Over the last 90 days, the stock has fallen 2.7% to JP¥844. The fair value is estimated to be JP¥690, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Aankondiging • Apr 20
fonfun corporation to Report Fiscal Year 2024 Results on May 15, 2024 fonfun corporation announced that they will report fiscal year 2024 results on May 15, 2024 Buy Or Sell Opportunity • Apr 04
Now 20% overvalued Over the last 90 days, the stock has fallen 11% to JP¥816. The fair value is estimated to be JP¥679, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥805, the stock trades at a trailing P/E ratio of 67.1x. Average trailing P/E is 23x in the Software industry in Japan. Total returns to shareholders of 33% over the past three years. New Risk • Jan 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Revenue is less than US$5m (JP¥638m revenue, or US$4.4m). Market cap is less than US$100m (JP¥3.35b market cap, or US$23.1m). Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥950, the stock trades at a trailing P/E ratio of 79.2x. Average trailing P/E is 23x in the Software industry in Japan. Total returns to shareholders of 87% over the past three years. Aankondiging • Dec 22
fonfun corporation to Report Q3, 2024 Results on Feb 13, 2024 fonfun corporation announced that they will report Q3, 2024 results on Feb 13, 2024 Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥746, the stock trades at a trailing P/E ratio of 62.2x. Average trailing P/E is 23x in the Software industry in Japan. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥748, the stock trades at a trailing P/E ratio of 62.4x. Average trailing P/E is 25x in the Software industry in Japan. Total returns to shareholders of 24% over the past three years. Buying Opportunity • Aug 14
Now 21% undervalued Over the last 90 days, the stock is up 6.7%. The fair value is estimated to be JP¥600, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥519, the stock trades at a trailing P/E ratio of 43.3x. Average trailing P/E is 25x in the Software industry in Japan. Total returns to shareholders of 43% over the past three years. Aankondiging • Jun 28
fonfun corporation to Report Q1, 2024 Results on Aug 10, 2023 fonfun corporation announced that they will report Q1, 2024 results on Aug 10, 2023 New Risk • Jun 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.40b (US$9.75m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (JP¥1.40b market cap, or US$9.75m). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Revenue is less than US$5m (JP¥638m revenue, or US$4.4m). Reported Earnings • May 19
Full year 2023 earnings released: EPS: JP¥11.99 (vs JP¥5.10 loss in FY 2022) Full year 2023 results: EPS: JP¥11.99 (up from JP¥5.10 loss in FY 2022). Revenue: JP¥638.0m (up 15% from FY 2022). Net income: JP¥40.0m (up JP¥57.0m from FY 2022). Profit margin: 6.3% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥445, the stock trades at a trailing P/E ratio of 41.2x. Average trailing P/E is 23x in the Software industry in Japan. Total returns to shareholders of 29% over the past three years. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: JP¥6.30 (vs JP¥0.90 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥6.30 (up from JP¥0.90 loss in 3Q 2022). Revenue: JP¥185.0m (up 38% from 3Q 2022). Net income: JP¥21.0m (up JP¥24.0m from 3Q 2022). Profit margin: 11% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Aankondiging • Jan 18
fonfun corporation to Report Q3, 2023 Results on Feb 13, 2023 fonfun corporation announced that they will report Q3, 2023 results on Feb 13, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent External Director Tsubasa Mizuguchi was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥2.10 (vs JP¥6.60 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥2.10 (up from JP¥6.60 loss in 2Q 2022). Revenue: JP¥140.0m (up 8.5% from 2Q 2022). Net income: JP¥7.00m (up JP¥29.0m from 2Q 2022). Profit margin: 5.0% (up from net loss in 2Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Aankondiging • Oct 21
fonfun corporation (TSE:2323) agreed to acquire SMS transmission business of K.B.Company Co., Ltd. for JPY 145 million. fonfun corporation (TSE:2323) agreed to acquire SMS transmission business of K.B.Company Co., Ltd. for JPY 145 million on October 19, 2022. The consideration will be paid in cash and will be funded partially through internal cash and partially through borrowing. For the year ended march 31, 2022, SMS transmission business generated sales of ¥39 million and operating profit of ¥23 million. As of October 19, 2022, the board of fonfun corporation approved the transaction and the transaction is expected to complete on November 1, 2022. Aankondiging • Aug 28
fonfun corporation to Report Q2, 2023 Results on Nov 11, 2022 fonfun corporation announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: JP¥0.30 (vs JP¥0.30 in 1Q 2022) First quarter 2023 results: EPS: JP¥0.30 (vs JP¥0.30 in 1Q 2022). Revenue: JP¥136.0m (down 7.5% from 1Q 2022). Net income: JP¥1.00m (flat on 1Q 2022). Profit margin: 0.7% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Aankondiging • Jun 29
fonfun corporation to Report Q1, 2023 Results on Aug 12, 2022 fonfun corporation announced that they will report Q1, 2023 results on Aug 12, 2022 Aankondiging • May 18
fonfun corporation, Annual General Meeting, Jun 22, 2022 fonfun corporation, Annual General Meeting, Jun 22, 2022. Reported Earnings • May 17
Full year 2022 earnings released: JP¥5.10 loss per share (vs JP¥12.29 profit in FY 2021) Full year 2022 results: JP¥5.10 loss per share (down from JP¥12.29 profit in FY 2021). Revenue: JP¥556.0m (down 6.1% from FY 2021). Net loss: JP¥17.0m (down 142% from profit in FY 2021). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 10% per year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent External Director Tsubasa Mizuguchi was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 08
fonfun corporation to Report Fiscal Year 2022 Results on May 13, 2022 fonfun corporation announced that they will report fiscal year 2022 results on May 13, 2022 Reported Earnings • Feb 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥0.90 loss per share (down from JP¥5.70 profit in 3Q 2021). Revenue: JP¥134.0m (down 8.8% from 3Q 2021). Net loss: JP¥3.00m (down 116% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 15
Second quarter 2022 earnings released: JP¥6.60 loss per share (vs JP¥1.80 profit in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: JP¥129.0m (down 13% from 2Q 2021). Net loss: JP¥22.0m (down 467% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 22
First quarter 2022 earnings released: EPS JP¥0.30 (vs JP¥2.40 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥147.0m (down 3.9% from 1Q 2021). Net income: JP¥1.00m (down 88% from 1Q 2021). Profit margin: 0.7% (down from 5.2% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorated over the past week After last week's 18% share price decline to JP¥365, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 28x in the Software industry in Japan. Total loss to shareholders of 7.1% over the past three years. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥12.29 (vs JP¥1.00 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥592.0m (up 8.6% from FY 2020). Net income: JP¥41.0m (up JP¥38.0m from FY 2020). Profit margin: 6.9% (up from 0.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 04
fonfun corporation to Report Fiscal Year 2021 Results on May 14, 2021 fonfun corporation announced that they will report fiscal year 2021 results on May 14, 2021 Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥5.70 (vs JP¥0.34 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥147.0m (up 9.7% from 3Q 2020). Net income: JP¥19.0m (up JP¥18.0m from 3Q 2020). Profit margin: 13% (up from 0.7% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 22
New 90-day high: JP¥635 The company is up 16% from its price of JP¥549 on 23 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 8.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day low: JP¥494 The company is down 3.0% from its price of JP¥509 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period. Is New 90 Day High Low • Nov 17
New 90-day low: JP¥498 The company is down 13% from its price of JP¥575 on 19 August 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 5.0% over the same period. Is New 90 Day High Low • Oct 12
New 90-day high: JP¥659 The company is up 67% from its price of JP¥394 on 14 July 2020. The Japanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 5.0% over the same period. Aankondiging • Oct 11
fonfun corporation to Report Q2, 2021 Results on Nov 13, 2020 fonfun corporation announced that they will report Q2, 2021 results on Nov 13, 2020