Overview
Information & Communication

NIHON FALCOM CORPORATION

The company primarily engages in the planning, production, development, and sale of game software, with a focus on role-playing games (RPGs). Its operations are divided into two segments: a Products Division covering original game software development, localization of overseas titles, and music CD production; and a License Division covering royalty-based licensing of its titles for console platforms, overseas localization, mobile services, digital download sales, and related merchandise such as books.

Market Cap
¥23.0B
US$147M
EV
¥12.2B
US$77.7M
Stock¥2,329▲+0.78%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.1
x
LTM EV/EBIT
5.1
x
LTM PER
13.9
x
LTM PBR
2.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+34.0%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 13, 25Sharp decline on earnings disappointment
2Oct 8, 26Full-year guidance raised: sales ¥4.3bn (+19.4%), ordinary profit ¥2.8bn (+27.2%), dividend hiked to ¥60/share
MC → EV Bridge
23.0BUS$147MMarket Cap0.00BUS$0.00M+ Debt10.8BUS$68.9M− Cash0.00BUS$0.00M− Inv. Sec.12.2BUS$77.7MEV
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Performance & Balance
Revenue 5Y (¥B)
2.48US$15.8M'21/92.53US$16.2M'22/92.47US$15.8M'23/92.52US$16.1M'24/92.61US$16.7M'25/9
EBITDA 5Y (¥B)
1.42US$9.03M'21/91.47US$9.39M'22/91.34US$8.56M'23/91.25US$7.98M'24/91.35US$8.59M'25/9
Net Income 5Y (¥B)
1.00US$6.38M'21/91.03US$6.55M'22/90.91US$5.81M'23/90.85US$5.43M'24/90.90US$5.76M'25/9
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
7.17US$45.8M'21/98.21US$52.3M'22/98.90US$56.8M'23/99.54US$60.9M'24/910.4US$66.0M'25/9
Shareholders
Top 10 hold 79.9%
1
Nihon Falcom Holdings Co., Ltd.
42.15%
2
Kei KATO
10.88%
3
Sho KATO
10.84%
4
Daisuke GOMI
4.71%
5
SBI SECURITIES Co., Ltd.
2.53%
6
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
2.05%
7
NATIONAL FINANCIAL SERVICES LLC (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.97%
8
NORTHERN TRUST CO. (AVFC) RE NON TREATY CLIENTS ACCOUNT (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
1.83%
9
Mieko ISHIKAWA
1.53%
10
Takayuki KUSANO
1.46%
Management
9 officers
Toshihiro KONDO
Representative Director, President
Apr 1998 Joined former Nihon Falcom Corporation Nov 2001 Transferred to the Company through company split Sep 2005 General Manager, Planning Committee Dec 2006 Director, General Manager, Planning Committee Jul 2007 Representative Director, President of the Company (current)
1975-01-14
Takashi NAKANO
Senior Managing Director
Apr 1998 Joined former Nihon Falcom Corporation Nov 2001 Transferred to the Company through company split Apr 2008 General Manager, Corporate Unit Dec 2012 Director, General Manager, Corporate Unit Jan 2020 Director, Executive Manager, Corporate Unit Dec 2024 Senior Managing Director of the Company (current)
1975-09-09
Mieko ISHIKAWA
Director, Executive Manager, Design Unit
Jul 1987 Joined former Nihon Falcom Corporation Nov 2001 Transferred to the Company through company split Director, General Manager, Design Unit Jan 2020 Director, Executive Manager, Design Unit (current)
1964-01-23
Takayuki KUSANO
Director, Creative Director, Creative Unit
Apr 1991 Joined former Nihon Falcom Corporation Nov 2001 Transferred to the Company through company split Director, General Manager, Creative Unit Jan 2020 Director, Creative Director, Creative Unit (current)
1969-01-27
Ippei TANI
Director
Apr 2000 Representative Director, President, Kogadou Studio Co., Ltd. (current) Dec 2021 Director of the Company (current)
1962-12-21
Tomio MURAYAMA
Full-time Corporate Auditor
Jul 1968 Joined Nihon Bell & Howell Co., Ltd. Apr 1975 Registered with Tokyo Tax Accountants Association Nov 2001 Full-time Corporate Auditor of the Company (current)
1941-12-14
Yoshinobu NAKAHARA
Full-time Corporate Auditor
May 1987 Joined Bold Staff Co., Ltd. Apr 1989 Joined former Nihon Falcom Corporation Nov 2001 Transferred to the Company through company split Apr 2002 Full-time Corporate Auditor of the Company (current)
1964-10-17
Akio ISHIHARA
Corporate Auditor
Apr 1986 Representative Director, Kure Software Workshop Ltd. (now Kure Software Workshop Co., Ltd.) (current) Dec 2013 Corporate Auditor of the Company (current)
1952-03-11
Noriko NISHIDA
Corporate Auditor
Sep 2001 Joined EY ShinNihon LLC Sep 2003 Joined EY Tax Corporation Feb 2006 Registered as Certified Public Tax Accountant Mar 2016 Registered as US Certified Public Accountant Oct 2016 Director, Marks Group Co., Ltd. (current) Dec 2025 Corporate Auditor of the Company (current)
1975-07-09
Large Shareholding Reports
Daisuke GOMI
2025-11-27
5.02%→6.03%
Annual report (as of 2026-03-31): 4.71%
Daisuke GOMI
2025-11-20
5.02%→6.03%
Annual report (as of 2026-03-31): 4.71%
Sho KATO
2025-10-06
40.47%→40.47%
Annual report (as of 2026-03-31): 10.84%
Nihon Falcom Holdings Co., Ltd.
2025-09-19
40.47%→40.47%
Annual report (as of 2026-03-31): 42.15%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-12
Q3 Earnings Flash
FY ending Sep 2026
EDINET
2026-05-14
Semi-Annual Securities Report
Period: Oct 2025 – Sep 2026
TDnet
2026-02-13
Q1 Earnings Flash
FY ending Sep 2026
EDINET
2025-12-19
Annual Securities Report
Period: Oct 2024 – Sep 2025
EDINETAmended
2025-11-27
Change Report
EDINET
2025-11-20
Large Shareholding Report
EDINETAmended
2025-10-06
Change Report
EDINET
2025-09-19
Large Shareholding Report
TDnet
2025-08-08
Q3 Earnings Flash
FY ending Sep 2025
EDINET
2025-05-12
Semi-Annual Securities Report
Period: Oct 2024 – Sep 2025
TDnet
2025-02-07
Q1 Earnings Flash
FY ending Sep 2025
EDINET
2024-12-20
Annual Securities Report
Period: Oct 2023 – Sep 2024
EDINET
2024-05-13
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-12-18
Annual Securities Report
Period: Oct 2022 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-12-16
Annual Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-12-17
Annual Securities Report
EDINET
2021-08-13
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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