Overview
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Flier Inc.

Flier Inc. operates 'flier,' a subscription-based book summary service that delivers concise, 10-minute summaries of curated business books in text, audio, and video formats, targeting both individual professionals and corporate clients. The enterprise-facing SaaS product, 'flier business,' is deployed by corporations for employee learning and development, human capital investment tracking, and organizational capability building, and accounted for over two-thirds of total revenues in FY2025/2. With over 1,200 cumulative corporate contracts and a permission-based content model developed in partnership with publishers and authors, the company differentiates itself through content credibility and a scalable SaaS platform for workforce upskilling.

Market Cap
¥1.20B
US$7.63M
EV
¥1.28B
US$8.16M
Stock¥350▼-4.37%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
38.2
x
LTM EV/EBIT
45.4
x
LTM PER
4449.8
x
LTM PBR
4.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-62.1%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jul 15, 26Q1 FY2027/02 earnings announced
MC → EV Bridge
1.20BUS$7.63MMarket Cap0.61BUS$3.90M+ Debt0.54BUS$3.43M− Cash0.00BUS$0.00M− Inv. Sec.0.01BUS$0.06M+ NCI1.28BUS$8.16MEV
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Performance & Balance
Revenue 5Y (¥B)
0.52US$3.30M'22/20.63US$4.04M'23/20.79US$5.01M'24/20.95US$6.05M'25/21.07US$6.81M'26/2
EBITDA 5Y (¥B)
0.01US$0.09M'25/20.04US$0.23M'26/2
Net Income 5Y (¥B)
-0.28-US$1.77M'22/2-0.27-US$1.73M'23/2-0.14-US$0.87M'24/20.01US$0.07M'25/20.01US$0.08M'26/2
Capital Structure
33%
67%
EquityD/E 2.06xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
'22/2'23/2'24/20.43US$2.72M0.18US$1.12M'25/20.48US$3.05M0.54US$3.45M'26/2
Shareholders
Top 10 hold 78.6%
1
MEDIA DO Co.,Ltd.
56.28%
2
Yasushi OGA
5.46%
3
XTech No. 2 Investment Limited Partnership
4.70%
4
Rakuten Securities, Inc. (Joint Account)
3.08%
5
Keizo KAJIWARA
1.92%
6
JPMorgan Securities Japan Co., Ltd.
1.75%
7
CARTA VENTURES Inc.
1.62%
8
SBI SECURITIES Co., Ltd.
1.38%
9
Oita VC Success Fund No. 6 Investment Limited Partnership
1.32%
10
Insource Co.,Ltd.
1.13%
Management
8 officers
Yasushi OGA
Representative Director, CEO
May 2003 Joined Accenture K.K. May 2010 Joined Frontier Management Inc. Jun 2013 Established the Company; Representative Director, CEO (current) Jul 2019 Director, REAH Technologies Inc.
1978-12-01
Tsuyoshi MOCHIZUKI
Director, CFO
Apr 2005 Joined Chuo Aoyama Audit Corporation (now PwC Japan LLC) Sep 2008 Registered as Certified Public Accountant (current) Oct 2010 Joined Bain & Company Ltd. Mar 2014 Joined Lenovo Japan GK Jun 2017 Head of Management Division and Head of Tag Business Division, Qrio Inc. Apr 2019 Joined Bizreach, Inc. Jun 2020 Executive Officer and CFO, the Company May 2022 Director, CFO, the Company (current)
1981-06-02
Yuka HATTORI
Director
Apr 2004 Joined Recruit Co., Ltd. (now Recruit Holdings Co., Ltd.) Nov 2011 Founded Inclusion Japan Inc.; Representative Director (current) Aug 2015 Audit & Supervisory Board Member, Coconala Inc. Aug 2021 Visiting Associate Professor, Osaka University Graduate School (current) May 2022 Director, the Company (current) Nov 2022 Director, Coconala Inc. (current) Aug 2023 Director, ovgo Inc. Jan 2024 Board Member, Japan Venture Capital Association (current)
1979-08-21
Masahiko YASUDA
Director
Apr 1989 Joined Seiyu Ltd. Nov 2001 Joined Gucci Group Japan K.K. (now Kering Japan K.K.) Jun 2008 Joined Johnson & Johnson K.K. Sep 2013 Joined AstraZeneca K.K. May 2015 Joined Lush Japan LLC Dec 2020 Founded We Are The People Inc.; Representative Director (current) Dec 2023 Founded so far so good Inc.; Representative Director (current) May 2024 Director, the Company (current)
1967-02-07
Aya KUBO
Director
Apr 2001 Joined Fuji Xerox Co., Ltd. (now FUJIFILM Business Innovation Corp.) Mar 2016 Joined Cunie Inc. Feb 2020 Joined the Company; Executive Officer Mar 2024 Executive Officer and CCO, the Company Mar 2026 Executive Officer and CRO and CCO, the Company (current)
Jun SATO
Full-time Audit & Supervisory Board Member
Oct 2001 Joined Tohmatsu Audit Corporation (now Deloitte Touche Tohmatsu LLC) Apr 2005 Registered as Certified Public Accountant (current) Jun 2016 Director, Saxseed Inc. (current) Mar 2019 Director, Sky Palace Associates Inc. May 2019 Director and Audit and Supervisory Committee Member, Rio Holdings Inc. Sep 2021 Audit & Supervisory Board Member, the Company (current) Sep 2023 Audit & Supervisory Board Member, JPH Inc. (current)
1974-11-01
Katsumasa SUZUKI
Audit & Supervisory Board Member
Dec 1986 Joined Takahashi Accounting Office Jun 1997 Director, Red Hot Company Inc. Oct 1997 Joined Asahi Intecc Co., Ltd. Nov 2001 Director, World Bridal Inc. Nov 2007 Joined Mediado Inc. May 2016 Director and General Manager of Administration Division, Mediado Inc. Jun 2021 Director, Internet Research Institute Inc. May 2022 Audit & Supervisory Board Member, the Company (current) Oct 2022 Audit & Supervisory Board Member, CROSS Inc. Sep 2023 Director, CROSS Inc.
1963-08-20
Takashi HIROSE
Audit & Supervisory Board Member
Sep 2007 Registered as Attorney at Law Sep 2007 Joined Ohebashi Law Office Jul 2015 Registered as Attorney in California Jan 2016 Part-time Lecturer, Tokyo University of Foreign Studies (current) Jan 2017 Partner, Ohebashi Law Office (current) May 2022 Audit & Supervisory Board Member, the Company (current)
1980-06-28
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-14
Semi-Annual Securities Report
Period: Mar 2026 – Feb 2027
TDnet
2026-10-14
Q2 Earnings Flash
FY ending Feb 2027
TDnet
2026-07-14
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-05-25
Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2026-05-02
株主総会招集通知
TDnet
2026-01-14
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2025-10-15
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2025-07-10
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-29
Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINETAmended
2025-02-10
Amended Securities Registration Statement
EDINETAmended
2025-01-31
Amended Securities Registration Statement
EDINET
2025-01-17
Securities Registration Statement
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