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Overview

Information & Communication

Fines inc.

Fines Co., Ltd. provides marketing DX solutions centered on video technology, primarily targeting small and medium-sized businesses (SMBs) and individual proprietors in Japan. Its core offerings include Videocloud, a video delivery platform that captures detailed viewer behavioral data for marketing optimization, and Raise, a unified web marketing data management tool covering access analytics, SEO, advertising reporting, and video analytics. The company also offers DX consulting, AI-powered website and MEO management tools, SFA, billing management, and e-learning solutions, leveraging accumulated data to deliver cross-sell opportunities and comprehensive digital transformation support.

Market Cap

US$12.9M

¥2.06B

US$6.44M

¥1.03B

StockUS$2.88(¥460)▲+4.55%

US$1 = ¥159.70 (2026-11-12)

LTM EV/EBITDA

8.4

LTM EV/EBIT

8.1

LTM PER

LTM PBR

0.9

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-41.8%pt

Nov 13, 25 – Nov 13, 26StockTOPIX

1Feb 16, 26Post-quarterly earnings adjustment

2Oct 16, 26Fines confirms issuance terms for stock-option-based compensation warrants

MC → EV Bridge

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Performance & Balance

Revenue 5Y (US$)

EBITDA 5Y (US$)

Net Income 5Y (US$)

Capital Structure

75%

25%

EquityD/E 0.33xDebt

Liquidity vs Debt 5Y (US$)▲ Net Cash

CashInv. Sec.Debt

Business Segments

2026/06 · US$ (¥B)

Dx business

Revenue

US$15.5M(¥2.48B)

Segment profit

US$1.01M(¥0.16B)6.5%

Hr business

Revenue

US$1.74M(¥0.28B)

Segment profit

US$0.27M(¥0.04B)15.4%

Adjustments

Revenue

—

Segment profit

-US$0.48M(¥-0.08B)

Shareholders

Top 10 hold 77.1%

as of 2026-06-30 · Source: Annual Securities Report

Yukimasa MIWA

47.93%

Hikari Tsushin KK Investment Business Limited Partnership

6.63%

EPARK, Inc.

5.90%

UH Partners 2 Investment Business Limited Partnership

4.54%

Masahiro SHIRAKI

4.47%

Shinnosuke TAKAGI

2.14%

Kimihito MIZUMOTO

2.07%

JPMorgan Securities Japan Co., Ltd.

1.48%

HIKARI TSUSHIN,INC.

1.04%

Rakuten Securities, Inc.

0.92%

Management

9 officers

Yukimasa MIWA

Representative Director, President

Jun 2008 Joined Freecell Co., Ltd. (now Branding Technology Co., Ltd.) Apr 2011 Joined Fines Co., Ltd. Jun 2015 Assumed position of Managing Director, Fines Co., Ltd. Feb 2018 Assumed position of Representative Director, President, Admake Co., Ltd. Jun 2018 Assumed position of Representative Director, President, Fines Co., Ltd. Mar 2019 Assumed position of Representative Director, President, SPC Co., Ltd. (now the Company) (current) Jan 2026 Assumed position of Director, Nexil Co., Ltd. (current) Jan 2026 Assumed position of Director, Orupla Co., Ltd. (current)

1984-07-14

Naoki AKAIKE

Director, Executive Officer

Apr 2011 Joined Wise Vision Co., Ltd. (now ytv Nextry Co., Ltd.) Oct 2013 Joined Fines Co., Ltd. Oct 2020 General Manager, Management Administration Division, the Company Jul 2021 Executive Officer, the Company (current) Mar 2022 Assumed position of Director, the Company (current)

1987-11-15

Shota SATO

Director, Executive Officer

Jul 2012 Joined Fines Co., Ltd. Jul 2021 General Manager, Customer Relations Division, the Company Jul 2021 Executive Officer, the Company (current) Sep 2024 Assumed position of Director, the Company (current)

1988-09-26

Masanori TSUCHIYA

Director, Executive Officer

Apr 1991 Joined Fujitsu Business Systems Ltd. (now Fujitsu Japan Ltd.) Oct 2012 Joined Broadleaf Co., Ltd. Jul 2015 Assumed position of Executive Officer, SAS Co., Ltd. Dec 2019 Assumed position of Director, Business Coach Co., Ltd. Nov 2021 Assumed position of Executive Officer, Technos Japan Co., Ltd. Sep 2023 Assumed position of Executive Officer, PAY ROUTE Co., Ltd. Mar 2025 Assumed position of Executive Officer, the Company (current) Sep 2025 Assumed position of Director, the Company (current)

1968-10-04

Takeshi ICHINOZAWA

Director

Dec 2004 Joined Azsa LLC Dec 2014 Registered as attorney-at-law; joined Ogasawara Rokukawa International Law Office Jul 2015 Joined Hanzomon Law Office Jan 2017 Joined Ichinozawa Law Office (current) Jun 2020 Outside Audit & Supervisory Board Member, Solbrain Co., Ltd. (current) Mar 2022 Outside Director, the Company (current) Mar 2023 Outside Audit & Supervisory Board Member, GMO OMAKASE Inc. (current) Dec 2023 Outside Audit & Supervisory Board Member, Albirex Niigata Co., Ltd. (current; scheduled to retire Sep 2026) Mar 2026 Outside Director, SymBio Pharmaceuticals Ltd. (current)

1982-06-07

Masahiro SHIRAKI

Director

Apr 1984 Joined Osaka Toshiba Home Appliance Sales Co., Ltd. Jun 1990 Established Nexus Co., Ltd. (now J Communication Co., Ltd.); assumed position of Representative Director, President May 1997 Assumed position of Representative Director, ND Co., Ltd. (current) Jun 2009 Assumed position of Representative Director, Nexus Co., Ltd. (current) Jun 2014 Assumed position of Director, Fines Co., Ltd. Jun 2019 Assumed position of Director, the Company (current) Jun 2022 Outside Director, Cominka Co., Ltd. (current)

1963-04-12

Kenichi NAKAMURA

Full-time Audit & Supervisory Board Member

Apr 1985 Joined Sumitomo Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Jun 2022 Assumed position of Full-time Audit & Supervisory Board Member, SMBC Consulting Co., Ltd. Oct 2024 Joined Kokusai Jidosha Co., Ltd. Sep 2025 Assumed position of Audit & Supervisory Board Member, the Company (current) Jan 2026 Assumed position of Audit & Supervisory Board Member, Orupla Co., Ltd. (current) Feb 2026 Assumed position of Audit & Supervisory Board Member, Nexil Co., Ltd. (current)

1962-03-01

Hirohisa NOJI

Audit & Supervisory Board Member

Nov 1997 Joined Asahi Audit Corporation (now Azsa LLC) Apr 2003 Registered as Certified Public Accountant Jan 2020 Joined Keikosaka Partners Co., Ltd. (current) Sep 2020 Assumed position of Audit & Supervisory Board Member, the Company (current) Jan 2022 Outside Audit & Supervisory Board Member, Genova Co., Ltd. (current)

1967-01-30

Koichi KATAOKA

Audit & Supervisory Board Member

Apr 1985 Joined Daini Denden Inc. (now KDDI Corporation) Apr 2008 Assumed position of Director and Vice President, UQ Communications Inc. Apr 2016 Assumed position of Representative Director, President, Book Lista Co., Ltd. Apr 2023 Assumed position of Full-time Audit & Supervisory Board Member, Chubu Telecommunications Co., Ltd. Aug 2025 Assumed position of Executive Officer and General Manager, Business Division, JAPANDX Co., Ltd. Sep 2025 Assumed position of Audit & Supervisory Board Member, the Company (current)

1962-08-13

Large Shareholding Reports

Mitsubishi Communications Inc.

2026-09-18

7.36%→7.36%