Overview
Information & Communication

fonfun corporation

fonfun Corporation is a Tokyo-based information services company operating two core segments: Cloud Solutions and DX Solutions. The Cloud Solutions segment provides SaaS-based communication and business efficiency tools, including its flagship SMS delivery platform 'Bansou SMS' and cloud telephony service 'CallConnect,' targeting corporate clients across diverse industries. The DX Solutions segment offers end-to-end digital transformation support—from consulting and system development to implementation and operations—leveraging technology acquired through active M&A activity to enhance client business value.

Market Cap
¥6.72B
US$42.9M
EV
¥7.51B
US$47.9M
Stock¥320▼-0.62%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
25.4
x
LTM EV/EBIT
29.6
x
LTM PER
15.6
x
LTM PBR
4.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+5.0%pt
1001234
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jan 9, 26Continued activist-led turnaround expectations
2Jan 30, 26Continued expectations for activist strategy results
3Aug 13, 26Q1 earnings: FY27/3 guidance revenue ¥3.6bn, operating profit ¥470mn, accelerating M&A
4Aug 14, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
6.72BUS$42.9MMarket Cap1.61BUS$10.3M+ Debt0.79BUS$5.01M− Cash0.04BUS$0.23M− Inv. Sec.7.51BUS$47.9MEV
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Performance & Balance
Revenue 5Y (¥B)
0.56US$3.55M'22/30.64US$4.07M'23/30.70US$4.46M'24/31.27US$8.09M'25/32.11US$13.5M'26/3
EBITDA 5Y (¥B)
0.02US$0.10M'22/30.05US$0.31M'23/30.08US$0.50M'24/30.15US$0.96M'25/30.24US$1.56M'26/3
Net Income 5Y (¥B)
-0.02-US$0.11M'22/30.04US$0.26M'23/30.07US$0.43M'24/30.17US$1.08M'25/30.42US$2.70M'26/3
Capital Structure
46%
54%
EquityD/E 1.15xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
0.64US$4.05M0.32US$2.01M'22/30.55US$3.51M0.33US$2.09M'23/30.68US$4.32M0.25US$1.59M'24/30.71US$4.53M0.98US$6.23M'25/30.87US$5.58M1.34US$8.54M'26/3
Shareholders
Top 10 hold 76.3%
1
Cybridge LLC
47.95%
2
Cybridge Group Inc.
14.23%
3
Cleardela Inc.
4.80%
4
Japan Securities Finance Co.,Ltd.
1.72%
5
Masanobu KAGAWA
1.67%
6
EGIJ Inc.
1.49%
7
Atsuhiko SANO
1.43%
8
Takumi HARIGAYA
1.26%
9
Shiro MAKINO
0.89%
10
Marine Growth Inc.
0.86%
Management
9 officers
Tsubasa MIZUGUCHI
Representative Director, President
May 2004 Established Syncmark Inc. (now Cybridge Group Inc.); Representative Director (current) Dec 2005 Value Press Inc.; Audit & Supervisory Board Member (current) Jan 2011 Established All Coupon Japan Inc. (now Cybridge Inc.); Director (current) Oct 2011 Sora Tobu Inc. (now Cybridge Inc.); Representative Director (current) Jan 2013 User Centered Design Inc. (now Cybridge Holdings Inc.); Representative Director (current) Mar 2013 Digitalize Inc. (now Cybridge Group Inc.); Representative Director (current) Jul 2014 CBI LLC (now Cybridge Inc.); Representative Member Jun 2015 the Company; Outside Director (retired Jun 2019) Jun 2020 the Company; Outside Director Sep 2022 r.c.o Inc. (now Cybridge Inc.); Representative Director (current) Mar 2023 Cybridge LLC; Officer Executing Duties (current) Jun 2023 the Company; Representative Director (current) Jul 2025 M&A DX Inc.; Representative Director (current) Mar 2026 YNP Inc.; Director (current) Mar 2026 PostPrime Inc.; Chairman of the Board (current) Jun 2026 Image Information Development Inc.; Director (current)
1982-09-08
Miyako MATSUI
Director, General Manager of DX Solutions Division
Apr 1989 Joined Systemsoft Corp. Jul 1991 Transferred to PA Inc. Dec 2010 Transferred to Cybridge Inc. (now Cybridge Group Inc.) Apr 2020 Representative Director, r.c.o Inc. (now Cybridge Inc.) Jun 2023 Director, the Company (current) Mar 2026 Representative Director, YNP Inc. (current) Jun 2026 Director, Image Information Development Inc. (current)
1966-12-27
Shuzo HATTA
Director, General Manager of Corporate Solutions Division
Apr 1993 Joined Nihon InterSystems Co., Ltd. Jan 2002 Joined Netvillage Corp. (now fonfun Inc.) Apr 2007 the Company; General Manager, Development and Production Department Apr 2008 the Company; Manager, Solution Business Division Apr 2009 the Company; Manager, Remote Mail Business Division Mar 2011 the Company; Manager, Management Administration Department Jun 2011 the Company; Director, Executive Officer, General Manager of Management Administration Department Jun 2011 FunFusion Inc. (now the Company); Director Jul 2011 the Company; General Manager of Management Administration Department and General Manager of Systems Department Oct 2014 e-Entry Inc.; Representative Director Apr 2016 FunFusion Inc. (now the Company); Audit & Supervisory Board Member Nov 2016 the Company; Director, Executive Officer, General Manager of Management Administration Department Jun 2023 the Company; Representative Director, President (resigned same month; remained as Director) Apr 2026 YNP Inc.; Director (current)
1967-04-06
Kensuke OGATA
Outside Director
Apr 1995 Joined Dai-Ichi Kangyo Bank (now Mizuho Bank, Ltd.) Feb 2002 Joined Inspire Inc. Oct 2004 Director, Techno Blood Inc. Sep 2006 Joined BSL Co., Ltd. (now UNIVA Oak Holdings Co., Ltd.) Mar 2009 Executive Officer, UNIVA Oak Holdings Co., Ltd. Jun 2012 Director, UNIVA Oak Holdings Co., Ltd. Apr 2014 Joined A.T. Kearney (Tokyo Office) Mar 2015 Executive Officer, Tristage Co., Ltd. Oct 2018 Established Asia Accelerate Partners Inc.; Representative Director (current) Jun 2022 the Company; Outside Director (current) Oct 2022 Promotool Co., Ltd.; Senior Managing Director Jan 2024 Promotool Co., Ltd.; Representative Director (current)
1971-07-04
Hajime KOYANAGI
Outside Director
Apr 1988 Joined Dentsu Inc. Jun 2014 Cyber Communications Inc.; Representative Director and Vice President, CFO Dec 2016 Director, Fringe81 Inc. (now Unipos Inc.) Jan 2019 Dentsu Inc.; Executive Transformation Director Sep 2019 Augmentation Bridge Inc.; Representative Director (current) Jun 2023 the Company; Outside Director (current)
1965-09-13
Takenori FURUKUBO
Outside Director
Mar 1986 Joined Isetan Co., Ltd. (now Isetan Mitsukoshi Holdings Ltd.) Apr 2005 Isetan Co., Ltd.; Chief Manager, Sales Planning Division Jun 2005 JR West Isetan Co., Ltd.; Outside Director Apr 2008 Isetan Mitsukoshi Holdings Ltd.; Group Leader, Management Planning Group Apr 2010 Mitsukoshi Ltd. (now Isetan Mitsukoshi Ltd.); Chief Manager, General Planning, Management Planning Department Apr 2012 Mitsukoshi Isetan Food Service Co., Ltd.; General Manager of Administration and Head of Management Planning Office Apr 2016 Isetan Mitsukoshi Ltd.; Chief Manager, Overseas Business Division Oct 2018 Tiger Resort Leisure & Entertainment (OkadaManila); Vice President, Retail & Leasing Jul 2022 Philippines Consulting Inc.; Representative Director, CEO (current) Jun 2023 the Company; Outside Director (current)
1962-11-02
Hisashi KAMAGATA
Full-time Audit & Supervisory Board Member
Jan 2018 Joined TMI Associates Apr 2020 Established Kamagata Law Office (current) May 2020 selfLegal Inc.; Representative Director Aug 2021 Joined Cybridge Group Inc. Aug 2022 DX Engagement Partners LLC (now Cybridge Inc.); Officer Executing Duties Jun 2023 the Company; Audit & Supervisory Board Member (current) Aug 2023 Oe, Tanaka, Oya Law Office; Partner Attorney (current)
1991-12-05
Kotaro TAKAMORI
Outside Audit & Supervisory Board Member
Apr 1994 Joined The Long-Term Credit Bank of Japan, Ltd. Jul 2000 Joined Globis Corp. Feb 2005 Joined USEN Corp. Apr 2010 Visiting Professor, Digital Hollywood University Graduate School (current) Mar 2016 Director, Sitevisit Inc. Mar 2016 Registered Small and Medium Enterprise Management Consultant Jul 2017 Presea Consulting Inc.; Representative Director (current) Sep 2019 Japan Partner CFO Association; Representative Director (current) Jun 2023 the Company; Outside Audit & Supervisory Board Member (current)
1971-02-17
Michihiro HASUO
Outside Audit & Supervisory Board Member
Apr 2001 Joined Mitsubishi Electric Corp. Dec 2008 Joined Arata Audit Corp. (now PwC Japan LLC) Nov 2020 Established Hasuo General Accounting Office (current) Dec 2022 UPDATER Inc.; Outside Audit & Supervisory Board Member (current) Jun 2023 the Company; Outside Audit & Supervisory Board Member (current) Sep 2024 SMASH International Audit Corp.; Representative Partner (current)
1977-07-21
Large Shareholding Reports
Cybridge Group Co., Ltd.
2026-03-31
14.95%→14.03%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 14.23%
Cybridge G.K.
2026-03-27
49.65%→47.29%
Annual report (as of 2026-03-31): 47.95%
Cybridge G.K.
2026-03-06
—
Annual report (as of 2026-03-31): 47.95%
Cybridge G.K.
2026-03-06
—
Annual report (as of 2026-03-31): 47.95%
Cybridge Group Co., Ltd.
2026-03-06
—
Annual report (as of 2026-03-31): 14.23%
Cybridge Group Co., Ltd.
2026-03-06
14.95%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 14.23%
Cybridge G.K.
2026-03-06
49.65%→49.65%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 47.95%
Tsubasa MIZUGUCHI
2026-03-05
7.06%
Cybridge G.K.
2026-03-05
49.65%
Annual report (as of 2026-03-31): 47.95%
Cybridge G.K.
2026-03-05
49.65%
Annual report (as of 2026-03-31): 47.95%
Cybridge G.K.
2026-03-05
49.65%→49.65%
Annual report (as of 2026-03-31): 47.95%
Cybridge G.K.
2026-03-05
49.65%→49.65%
Annual report (as of 2026-03-31): 47.95%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-13
Q1 Earnings Flash
FY ending Mar 2027
EDINETAmended
2026-07-02
Amended Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-03-31
Change Report
EDINET
2026-03-27
Large Shareholding Report
EDINETAmended
2026-03-06
Change Report
EDINETAmended
2026-03-06
Change Report
EDINETAmended
2026-03-06
Change Report
EDINETAmended
2026-03-06
Change Report
EDINETAmended
2026-03-06
Change Report
EDINET
2026-03-05
Large Shareholding Report
EDINETAmended
2026-03-05
Change Report
EDINETAmended
2026-03-05
Change Report
EDINETAmended
2026-03-05
Change Report
EDINET
2026-03-05
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-13
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2025-03-10
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2024-08-13
Amended Securities Registration Statement
TDnet
2024-08-13
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-07-30
Securities Registration Statement
EDINETAmended
2024-07-18
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
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