Overview
Retail Trade

Fujisan Magazine Service Co.,Ltd.

Fujisan.co.jp operates Japan's leading magazine subscription e-commerce platform, 'Fujisan.co.jp,' offering subscription services for over 13,600 magazine titles in both print and digital formats to approximately 4.3 million registered users. The company serves both individual consumers and corporate clients (including beauty salons, pharmacies, financial institutions, and libraries) through its B2C and B2B subscription services, as well as providing digital magazine distribution wholesale services to other e-book platforms via its subsidiary magaport. Additional business lines include publisher support services (order-to-delivery fulfillment), digital article data curation, and EdTech services launched in 2024 through its subsidiary Create Education Online.

Market Cap
¥3.84B
US$24.5M
EV
¥1.22B
US$7.76M
Stock¥1,164▲+0.26%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.6
x
LTM EV/EBIT
7.4
x
LTM PER
81.8
x
LTM PBR
1.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-10.4%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Dec 29, 25Selling pressure from ABEJA's shareholding disclosure
MC → EV Bridge
3.84BUS$24.5MMarket Cap0.55BUS$3.51M+ Debt3.31BUS$21.1M− Cash0.02BUS$0.14M− Inv. Sec.0.15BUS$0.98M+ NCI1.22BUS$7.76MEV
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Performance & Balance
Revenue 5Y (¥B)
5.93US$37.8M'21/125.97US$38.1M'22/125.77US$36.8M'23/125.62US$35.8M'24/125.81US$37.1M'25/12
EBITDA 5Y (¥B)
0.73US$4.65M'21/120.65US$4.12M'22/120.58US$3.70M'23/120.57US$3.65M'24/120.48US$3.04M'25/12
Net Income 5Y (¥B)
0.35US$2.21M'21/120.29US$1.84M'22/120.22US$1.42M'23/120.17US$1.09M'24/120.08US$0.50M'25/12
Capital Structure
81%
19%
EquityD/E 0.24xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
3.20US$20.4M0.55US$3.51M'21/123.33US$21.2M0.55US$3.51M'22/123.42US$21.8M0.55US$3.51M'23/123.24US$20.7M0.55US$3.51M'24/123.00US$19.1M0.45US$2.87M'25/12
Shareholders
Top 10 hold 68.8%
1
Shinichiro NISHINO
26.57%
2
Antonio KAMIYA
12.17%
3
Toshokan Ryutsu Center Co., Ltd.
10.59%
4
ABEJA,Inc.
9.32%
5
581Wilcox Ave. LLC
6.26%
6
Henri AIUCHI
1.15%
7
Fujisan Magazine Service Co.,Ltd. Employee Stock Ownership Association
0.85%
8
Marukido Co., Ltd.
0.74%
9
Kiyoshi NISHIKAWA
0.64%
10
THE BANK OF NEWYORK MELLON 140040 (Standing Proxy: Mizuho Bank, Ltd.)
0.56%
Management
8 officers
Shinichiro NISHINO
Representative Director, Chairman and President, CEO
Apr 1988 Joined Nippon Telegraph and Telegraph Corporation Nov 1998 Director, NetAge Group Inc. (current: United Inc.) Jun 1999 International Director/Japan and Founder, Amazon.com, Inc. Nov 2000 General Manager, Amazon.com Japan Jul 2002 Established the Company; Representative Director, President Aug 2012 Outside Director, AsiaQuest Inc. (current) Jun 2013 Outside Director, Neko Publishing Inc. Jan 2014 Established 581Wilcox Ave. LLC; Representative Member (current) Apr 2014 Representative Director, President and CEO, Head of Marketing Group, the Company May 2016 Representative Director, President and CEO, the Company Mar 2018 Director, magaport Inc. Jul 2018 Outside Director, TEPCO Ventures Inc. Oct 2019 Director, IDEA Inc. Mar 2022 Representative Director, Chairman and CEO, the Company Jul 2024 Director, Create Education Online Inc. (current) Mar 2025 Director, Showa Shuppan Inc. (current) Mar 2025 Director, Create Research Association Inc. (current) Feb 2026 Representative Director, Chairman and President, CEO, the Company (current)
1964-10-25
Antonio KAMIYA
Director, COO and Head of President's Office
Mar 1994 Established KamiyaConsulting, Inc.; Representative Director (current) Jul 1998 Co-founded Fujisan.com, Inc. (current: 3776 HOLDINGS KK); Director (current) Jul 2002 Established the Company; CTO Apr 2007 Representative Director, Fujisan Magazine Service USA, Inc. (current) Sep 2007 Director, the Company Mar 2009 Outside Director, paperboy&co. Inc. (current: GMO Pepabo, Inc.) Dec 2011 CTO and Head of Digital Magazine Strategy, the Company Apr 2014 Director and Head of Systems Group, the Company May 2016 Director, CTO and Head of Marketing Group, the Company Aug 2016 Outside Director, CAMPFIRE, Inc. Nov 2017 Director, COO and Head of Sales & Marketing Group, the Company Mar 2018 Director, magaport Inc. Mar 2018 Representative Director, President, magaport Inc. Mar 2019 Director, Showa Shuppan Inc. (current) Jan 2020 Director, COO and Head of Membership Group, the Company Jan 2021 Director, COO, Head of Membership Group and Head of COO Office, the Company Mar 2022 Director, President, COO, Head of President's Office and Head of Membership Group, the Company May 2022 Representative Director, President, COO, Head of President's Office and Head of Membership Group, the Company Jan 2023 Representative Director, President, COO and Head of President's Office, the Company Mar 2023 Director, IDEA Inc. Mar 2025 Representative Director, magaport Inc. (current) Mar 2025 Representative Director, IDEA Inc. (current) Aug 2025 Representative Director, Seeds Factory Inc. (current) Feb 2026 Director, COO and Head of President's Office, the Company (current)
1972-11-27
Teppei SATO
Director, CFO
Apr 2000 Joined NIF Ventures Co., Ltd. (current: Daiwa Corporate Investment Co., Ltd.) Sep 2004 Head of IPO Preparation Office and Head of Internal Audit Office, NetAge Group Inc. (current: United Inc.) Dec 2005 Deputy Head of Related Business Division, J-Bridge Inc. (current: Asia Development Capital Co., Ltd.) Sep 2007 Principal, Rakuten Strategic Partners Inc. (current: Rakuten Securities, Inc.) Dec 2007 Director, O-NET Co., Ltd. Oct 2009 Transferred to Rakuten, Inc. Jun 2012 PI Group, Industrial Innovation Fund (INCJ) Sep 2013 Joined the Company; Head of President's Office Mar 2014 Director, the Company Apr 2014 Director, CFO and Head of Management Group, the Company Oct 2017 Outside Director, Fujisan Magazine Services USA, Inc. (current) Mar 2018 Director, magaport Inc. (current) Mar 2019 Representative Director, Showa Shuppan Inc. (current) Mar 2022 Director, IDEA Inc. May 2022 Director, CFO, Head of Management Group and Head of Internal Audit Office, the Company Mar 2023 Audit & Supervisory Board Member, IDEA Inc. Jul 2024 Representative Director, President, Create Education Online Inc. (current) Jan 2025 Director, CFO, the Company (current) Mar 2025 Representative Director, Create Research Association Inc. (current)
1977-12-01
Takanori TAKAHASHI
Director
Apr 1997 Joined Culture Convenience Club Co., Ltd. Apr 2012 Executive Officer, General Manager of Vice President's Office, Culture Convenience Club Co., Ltd. Mar 2014 Outside Director of the Company Apr 2015 Managing Director, TSUTAYA Inc. Nov 2016 Director, Asahiya Shoten Co., Ltd. Apr 2021 Representative Director, President, Catalyst Data Partners Inc. Apr 2021 Outside Director, MPD Inc. (current) Apr 2021 Outside Director, SKIYAKI Inc. (current) May 2021 Director, Tsumiki Inc. (current) Jun 2021 Outside Director, SHOWROOM Inc. (current) Aug 2021 Outside Director, One More Inc. (current) Mar 2022 Outside Director of the Company (current) Apr 2022 Representative Director, Vice President and COO, Culture Convenience Club Co., Ltd. Sep 2022 Representative Director, President and CEO, CCC MK Holdings Co., Ltd. (current) Apr 2023 Representative Director, Catalyst Data Partners Inc. (current) Apr 2023 Representative Director, President, COO and CHRO, Culture Convenience Club Co., Ltd. Oct 2023 Non-Executive Director, Culture Experience Inc. (current) Apr 2024 Representative Director, President and CEO, Culture Convenience Club Co., Ltd. (current)
1973-06-25
Michinari MATSUURA
Director
Apr 2003 Joined TeleWave Inc. (current: iFLAG Inc.) Mar 2004 Joined NPO Venture Tsushin Apr 2005 Joined Bakumatsu Inc. (current: Ishin Co., Ltd.) Mar 2006 Director, Ishin Co., Ltd. Dec 2007 Managing Director, Ishin Co., Ltd. Oct 2015 Director (non-executive), GMO Venture Tsushin Startup Support Co., Ltd. Jun 2016 Director (non-executive), Ishin Global Fund I Limited Apr 2021 Director, Ishin SG Pte. Ltd. Apr 2022 Japan Representative, Ishin Global Fund I Limited (current; non-executive) Mar 2024 Left Ishin Co., Ltd. May 2024 Established Another Team Inc.; Representative Director (current) Aug 2024 Established Matsuura LLC; Representative Member (current) Mar 2025 Outside Director, the Company (current)
1980-11-05
Sanpachi ITO
Full-time Audit & Supervisory Board Member
May 2000 Established Sanpachi Ito Certified Public Accountant and Tax Accountant Office; Representative (current) Feb 2019 Audit & Supervisory Board Member, Chokuden Inc. (current) Mar 2021 Audit & Supervisory Board Member, Fashion Shiraishi Ltd. (current) Dec 2022 Audit & Supervisory Board Member, M-NES Inc. (current) Nov 2023 Outside Director, High Altitude Management Inc. (current)
1972-01-28
Takayuki TOYAMA
Audit & Supervisory Board Member
Aug 2003 Joined Culture Convenience Club Co., Ltd. (CCC) Aug 2012 Outside Audit & Supervisory Board Member, Neko Publishing Inc. Apr 2013 Audit & Supervisory Board Member, Morioka Tsutaya Shoten Co., Ltd. Apr 2014 Audit & Supervisory Board Member, TSUTAYA Stationery Network Inc. Oct 2014 Director and General Manager of General Affairs, CCC Media House Co., Ltd. Dec 2014 Head of Management Support Unit, Business Support Division, TSUTAYA Inc. Mar 2015 Outside Audit & Supervisory Board Member, the Company (current) Jun 2017 Audit & Supervisory Board Member, CCC Media House Co., Ltd. Feb 2018 Representative Director, BTCompany Inc. Apr 2018 Representative Director, Bijutsu Shuppan-sha Co., Ltd. May 2018 Director, CCC Art Lab Inc. Apr 2022 Director of SHIRO Inc., Vintage Shonan Inc. (current), MOTOTECA Inc. and La Sale Ltd.; Audit & Supervisory Board Member of Wakuii Shokai Inc., Flat Four Inc., Bijutsu Shuppan-sha Co., Ltd., Mitsumura Kosuisha Co., Ltd. and New Art Diffusion Inc. Jun 2022 Audit & Supervisory Board Member, TTC Lifestyle Inc. Apr 2023 Head of Internal Audit Office, CCCMK Holdings Co., Ltd. (current)
1967-11-26
Shusuke FUKAMACHI
Audit & Supervisory Board Member
Oct 2004 Registered as attorney-at-law Jan 2011 Joined Foresight Law Office Jan 2013 Partner, Foresight Law Office (current) Dec 2013 Outside Audit & Supervisory Board Member, Bank of Innovation, Inc. Jul 2015 Outside Audit & Supervisory Board Member, Silver Life Co., Ltd. Mar 2016 Outside Audit & Supervisory Board Member, the Company (current) Oct 2018 Outside Director (Audit and Supervisory Committee Member), Silver Life Co., Ltd. Nov 2018 Outside Audit & Supervisory Board Member, Meltin MMI Co., Ltd. Dec 2019 Outside Director (Audit and Supervisory Committee Member), Bank of Innovation, Inc. (current)
1976-01-23
Large Shareholding Reports
Catalyst Data Partners Co., Ltd.
2026-01-06
9.29%→0.00%
Shinichiro NISHINO
2026-01-06
26.39%→26.47%
Annual report (as of 2026-06-30): 26.57%
Antonio KAMIYA
2026-01-06
11.99%→12.07%
Annual report (as of 2026-06-30): 12.17%
Catalyst Data Partners Co., Ltd.
2026-01-06
9.29%→9.29%
ABEJA Co., Ltd.
2025-12-26
9.29%
Annual report (as of 2026-06-30): 9.32%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-13
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-13
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-14
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-26
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-01-06
Large Shareholding Report
EDINET
2026-01-06
Large Shareholding Report
EDINET
2026-01-06
Large Shareholding Report
EDINET
2026-01-06
Large Shareholding Report
EDINET
2025-12-26
Large Shareholding Report
TDnet
2025-11-14
Q3 Earnings Flash
FY ending Dec 2025
EDINETAmended
2025-10-01
Amended Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2025-08-14
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-13
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-27
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-13
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-13
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-27
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-27
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-25
Annual Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-05-13
Quarterly Securities Report
EDINET
2021-03-25
Annual Securities Report
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