Overview
Information & Communication

CERES INC.

Ceres Inc. is a Japanese internet marketing company operating two core segments: Mobile Services and Financial Services. The Mobile Services segment encompasses Japan's largest-class point reward site 'Moppy' (5.72 million active members as of December 2024), the AD.TRACK affiliate ad network, D2C businesses in cosmetics and health foods, an online pill consultation service (Eni-Pill), and DX/digital transformation support for enterprises via subsidiary Yumemi. The Financial Services segment includes cryptocurrency exchange 'CoinTrade,' online factoring service 'labol,' and investment incubation activities.

Market Cap
¥26.1B
US$167M
EV
¥—B
Stock¥2,265▼-1.01%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
—
LTM EV/EBIT
—
LTM PER
12.7
x
LTM PBR
2.0
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-21.9%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Oct 2, 26Board approved share buyback
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Performance & Balance
Revenue 5Y (¥B)
23.4US$149M'21/1220.5US$131M'22/1224.1US$154M'23/1227.7US$177M'24/1229.7US$189M'25/12
EBITDA 5Y (¥B)
2.49US$15.9M'21/121.44US$9.16M'22/121.39US$8.87M'23/122.48US$15.8M'24/122.59US$16.5M'25/12
Net Income 5Y (¥B)
2.78US$17.7M'21/120.05US$0.29M'22/120.45US$2.88M'23/121.48US$9.44M'24/122.50US$15.9M'25/12
Capital Structure
55%
45%
EquityD/E 0.82xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
7.68US$49.0M4.22US$26.9M'21/127.64US$48.7M5.89US$37.5M'22/129.25US$59.0M7.36US$47.0M'23/1212.7US$81.1M9.52US$60.7M'24/1214.2US$90.4M9.42US$60.1M'25/12
Shareholders
Top 10 hold 49.9%
1
Juno & Company Co., Ltd.
10.22%
2
Custody Bank of Japan, Ltd. (Trust Account)
9.62%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
6.69%
4
Satoshi TOGI
6.29%
5
Yoshiaki OTA
4.83%
6
CyberAgent,Inc.
4.33%
7
Toru AKAURA
2.42%
8
Tetsuya NOZAKI
1.98%
9
Yasuhiro KOBAYASHI
1.87%
10
SMBC Nikko Securities Inc.
1.62%
Management
10 officers
Satoshi TOGI
Representative Director, President
Apr 1994 Joined Nomura Securities Co., Ltd. Feb 2000 Joined CyberAgent, Inc. Jan 2003 Established Juno & Company Co., Ltd.; Director (current) Jan 2005 Established the Company; Representative Director, President (current) Jun 2016 Director, Yumemi Inc. Jul 2017 Outside Director, bitbank, Inc. (current) Sep 2017 Established Mercury Co., Ltd.; Representative Director, President Aug 2018 Director, Mercury Co., Ltd. Aug 2018 Established Diana Co., Ltd.; Director Jul 2020 Representative Director, President, Mercury Co., Ltd. (current) Dec 2023 Established Apollo Capital Co., Ltd.; Representative Director, President (current) Dec 2025 Outside Director, CyberBuzz, Inc. (current)
1971-11-09
Tetsuya NOZAKI
Director, Vice President, Head of Media Business Division
Dec 2005 Joined InterSpace Inc. Apr 2007 Joined the Company Apr 2008 Executive Officer, the Company Mar 2009 Director, the Company Mar 2012 Director, Vice President and Head of Media Division, the Company Aug 2018 Established Diana Co., Ltd.; Director Oct 2018 Established Bacchus Co., Ltd.; Representative Director, President Mar 2022 Director, studio15 Co., Ltd. (current) Jul 2024 Director, Vice President and Head of Media Business Division, the Company (current)
1977-03-14
Yasuhiro KOBAYASHI
Managing Director, Head of Administration Division
Apr 1994 Joined Dai-ichi Life Insurance Company, Limited (now Dai-ichi Life Holdings, Inc.) Jul 2004 Joined Mitsubishi Securities Co., Ltd. (now Mitsubishi UFJ Morgan Stanley Securities Co., Ltd.) Oct 2006 Joined the Company; Director and Head of Administration Division Apr 2017 Managing Director and Head of Administration Division, the Company (current) Feb 2018 Outside Director, Orb, Inc. Aug 2018 Established Diana Co., Ltd.; Audit & Supervisory Board Member Aug 2022 Outside Director, Hammock Co., Ltd. (current) Jun 2025 Audit & Supervisory Board Member, Apollo Capital Co., Ltd. (current)
1971-01-18
Yusuke SHIGA
Director, Head of Marketing Business Division
Dec 2010 Joined the Company Jan 2017 Executive Officer, the Company Jan 2018 Head of Content Media Business Department, Internet Business Division, the Company Aug 2018 Established Diana Co., Ltd.; Representative Director, President Mar 2019 Director, the Company (current) May 2022 Established Salus Co., Ltd.; Representative Director, President Jun 2023 Director, studio15 Co., Ltd. (current) Jul 2024 Head of Marketing Business Division, the Company (current) Aug 2024 Representative Director, Diana Co., Ltd. (current) May 2025 Director, DINETTE Co., Ltd. (current) Jun 2025 Representative Director, President, Isis Co., Ltd. (current) Oct 2025 Representative Director, President, Bacchus Co., Ltd. (current)
1987-04-27
Hitoshi TADA
Director
Apr 1978 Joined Nomura Securities Co., Ltd. Jun 1999 Director, Nomura Securities Co., Ltd. Jun 2003 Managing Executive Officer, Nomura Securities Co., Ltd. Apr 2006 Senior Managing Executive Officer, Nomura Securities Co., Ltd. Oct 2008 Executive Officer and Senior Managing Director, Nomura Securities Co., Ltd. Apr 2009 Executive Vice President, Nomura Securities Co., Ltd. Jun 2010 Executive Vice President and CEO of Sales Division, Nomura Securities Co., Ltd. Apr 2011 Co-COO and Executive Vice President, Nomura Securities Co., Ltd. Apr 2012 Director and Chairman of Executive Committee, Nomura Securities Co., Ltd. Aug 2012 Senior Advisor, Nomura Securities Co., Ltd. Apr 2013 Advisor, Nomura Research Institute, Ltd. Jun 2013 Representative Director, President, Daiko Securities Business Co., Ltd. Dec 2013 Representative Director, President, Japan Business Service Co., Ltd. Apr 2015 Representative Director, Chairman, DSB Information Systems Co., Ltd. Dec 2015 Representative Director, Chairman, DSB Sourcing Co., Ltd. Apr 2016 Representative Director, Chairman, Japan Business Service Co., Ltd. Apr 2017 Director, the Company (current); Advisor, Daiko Securities Business Co., Ltd. Jun 2017 Adviser, Daiko Securities Business Co., Ltd. Nov 2017 Outside Director, Right-On Co., Ltd. Aug 2018 Audit & Supervisory Board Member, Mercury Co., Ltd. (current) Dec 2018 Outside Director, Tsunagu Solutions Co., Ltd. Apr 2019 Outside Director, Tsunagu Group Holdings, Inc. (current) Apr 2021 Outside Audit & Supervisory Board Member, 400F Co., Ltd. Jun 2023 Outside Director, 400F Co., Ltd.
1955-06-29
Kana CHITOSE
Full-time Audit and Supervisory Committee Member (Director)
Feb 2006 Joined Astmax Co., Ltd. Feb 2010 Joined Comchua Co., Ltd. Jul 2015 Joined the Company Jan 2016 Manager, Administration Division, the Company Mar 2023 Director (Audit and Supervisory Committee Member), the Company (current)
1977-05-30
Yoshihito TAKAHASHI
Director, Audit and Supervisory Committee Member
Apr 1962 Joined Nomura Securities Co., Ltd. Dec 1985 Director, Nomura Research Institute, Ltd. Jun 1994 Executive Vice President, Nomura Research Institute, Ltd. Jun 1996 Senior Advisor, Nomura Research Institute, Ltd.; President, Nomura Management School Jul 2000 Advisor, Executive Partners Inc. (current) Oct 2000 Outside Audit & Supervisory Board Member, NetPrice Inc. (now BEENOS Inc.) Aug 2007 Audit & Supervisory Board Member, the Company Dec 2015 Outside Director (Audit and Supervisory Committee Member), BEENOS Inc. Oct 2018 Outside Audit & Supervisory Board Member, Tokyo Tsushin Inc. (now Tokyo Tsushin Group Inc.) Mar 2021 Director (Audit and Supervisory Committee Member), the Company (current) Mar 2022 Outside Audit & Supervisory Board Member (Audit and Supervisory Committee Member), Tokyo Tsushin Group Inc. (current)
1940-03-09
Masataka UESUGI
Director, Audit and Supervisory Committee Member
Apr 1995 Registered as attorney-at-law (Tokyo Bar Association); joined Emori & Kawamori Law Office Apr 1999 Established Uesugi Law Office Sep 2000 Co-managing partner, Amrec Law & Accounting Office (now Kasumigaseki Law & Accounting Office) Jun 2003 Outside Audit & Supervisory Board Member, Digital Arts Inc. Jun 2007 Outside Audit & Supervisory Board Member, jig.jp Inc. (current) Jun 2013 Outside Audit & Supervisory Board Member, Commerce One Holdings Co., Ltd. (current) Nov 2013 Audit & Supervisory Board Member, the Company Nov 2014 Outside Audit & Supervisory Board Member, Aiming Inc. (current) Mar 2015 Senior Partner, Sakurada-dori Law Office (current) Mar 2016 Outside Director (Audit and Supervisory Committee Member), Fullcast Holdings Co., Ltd. (current) Jun 2016 Outside Director (Audit and Supervisory Committee Member), Digital Arts Inc. (current) Mar 2021 Director (Audit and Supervisory Committee Member), the Company (current)
1965-07-31
Shoko SATO
Director
Oct 2002 Joined Sophia Inc. Sep 2007 Joined Shimada Construction Co., Ltd. Feb 2015 Joined Signite Inc. Sep 2019 Joined LINE Corporation (now LY Corporation) Mar 2024 Representative Director, President, THE BIGLE Inc. (current) Mar 2025 Director, the Company (current)
1984-08-26
Sanae OKAWA
Director, Audit and Supervisory Committee Member
Apr 2019 Joined EY ShinNihon LLC Aug 2022 Established Aoi Consulting Inc. (now Aoi Plus Inc.); Representative Director (current) Nov 2022 Established Aoi Partners Certified Tax Accountant Corporation (now Aoi Plus Certified Tax Accountant Corporation); Managing Partner (current) Mar 2026 Director (Audit and Supervisory Committee Member), the Company (current)
1996-05-29
Large Shareholding Reports
Asset Management One Co., Ltd.
2026-09-07
7.23%→6.17%
Invesco Capital Management LLC
2026-08-07
5.86%→1.41%
Asset Management One Co., Ltd.
2026-07-23
8.39%→7.23%
Invesco Capital Management LLC
2026-07-08
6.87%→5.86%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Invesco Capital Management LLC
2026-07-07
6.87%→5.86%
Invesco Capital Management LLC
2026-03-05
6.82%→6.87%
Invesco Capital Management LLC
2025-11-19
7.43%→6.82%
Asset Management One Co., Ltd.
2025-09-05
7.30%→8.39%
Invesco Capital Management LLC
2025-08-21
7.16%→7.43%
Invesco Capital Management LLC
2025-08-06
6.35%→7.16%
Nomura Asset Management Co., Ltd.
2025-08-05
2.57%→2.82%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-07
Large Shareholding Report
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-08-13
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-07
Large Shareholding Report
EDINET
2026-07-23
Large Shareholding Report
EDINETAmended
2026-07-08
Change Report
EDINET
2026-07-07
Large Shareholding Report
TDnet
2026-04-30
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-04-01
Securities Registration Statement
EDINET
2026-03-27
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-03-05
Large Shareholding Report
EDINET
2025-11-19
Large Shareholding Report
TDnet
2025-10-31
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-09-05
Large Shareholding Report
EDINET
2025-08-21
Large Shareholding Report
EDINET
2025-08-13
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2025-08-06
Large Shareholding Report
EDINET
2025-08-05
Large Shareholding Report
TDnet
2025-05-08
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-26
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
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-12
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-30
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
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