Overview
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Fuller,Inc.

Fuller, Inc. is a digital partner company primarily serving large Japanese enterprises, offering end-to-end solutions spanning business development consulting, smartphone app development (iOS/Android), web application development, UI/UX design, and cloud infrastructure. The company also provides 'App Ape,' a smartphone app market analytics service that delivers MAU, usage time, and co-usage trend data through a dashboard and custom analysis reports. Fuller differentiates itself by delivering integrated, one-stop digital transformation (DX) solutions through dedicated cross-functional teams of engineers, designers, data scientists, and directors, eliminating the fragmentation common when multiple vendors are engaged.

Market Cap
¥1.53B
US$9.76M
EV
¥0.57B
US$3.65M
Stock¥881▼-1.56%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.5
x
LTM EV/EBIT
10.1
x
LTM PER
11.6
x
LTM PBR
1.3
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-77.1%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 13, 26Full-year FY2026/06 earnings announced
MC → EV Bridge
1.53BUS$9.76MMarket Cap0.33BUS$2.12M+ Debt1.29BUS$8.22M− Cash0.00BUS$0.00M− Inv. Sec.0.57BUS$3.65MEV
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Performance & Balance
Revenue 5Y (¥B)
1.25US$7.94M'22/61.51US$9.61M'23/61.52US$9.68M'24/62.01US$12.8M'25/62.01US$12.8M'26/6
EBITDA 5Y (¥B)
0.03US$0.19M'24/60.21US$1.32M'25/60.08US$0.49M'26/6
Net Income 5Y (¥B)
0.23US$1.43M'22/60.12US$0.78M'23/60.03US$0.18M'24/60.20US$1.26M'25/60.13US$0.84M'26/6
Capital Structure
79%
21%
EquityD/E 0.27xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
'22/6'23/60.89US$5.65M0.23US$1.46M'24/61.36US$8.65M0.43US$2.75M'25/61.29US$8.22M0.33US$2.12M'26/6
Shareholders
Top 10 hold 61.5%
1
Yappli,Inc.
21.25%
2
DENTSU GROUP INC.
19.91%
3
Shuta SHIBUYA
4.85%
4
SBI SECURITIES Co., Ltd.
3.32%
5
Yuichi NAGAI
2.30%
6
Kimiya YAMAMOTO
2.22%
7
Masashi YAMASAKI
2.15%
8
Rakuten Securities, Inc. (Joint Account)
2.09%
9
Yuki SAKURAI
1.73%
10
The Master Trust Bank of Japan, Ltd. (Trust Account)
1.72%
Management
9 officers
Masashi YAMASAKI
Representative Director, President
Apr 2014 Joined Fujitsu Design Ltd. (currently Fujitsu Ltd.) Mar 2015 Joined the Company Nov 2016 Executive Officer, CDO Jul 2017 Executive Officer, CDO; General Manager, Smartphone Business Co-creation Division Aug 2018 Executive Officer, CDO; General Manager, Co-creation Group Oct 2019 Executive Officer, CDO; General Manager, Co-creation Business Division Apr 2020 Executive Officer, COO; General Manager, Co-creation Business Division Jul 2020 Executive Officer, COO Sep 2020 Representative Director, President (current)
1988-07-07
Hiroyuki HAYASHI
Director, Vice President
Jan 2013 Established REVENTIVE Inc.; Representative Director, Vice President Sep 2016 Joined Dwango Co., Ltd. Aug 2018 Joined the Company Jul 2020 Executive Officer, General Manager, Customer Success Group Nov 2021 Executive Officer, General Manager, Digital Partner Group Sep 2026 Director, Vice President (current)
1991-01-15
Atsushi ITSU
Director, CTO
Apr 2011 Joined Nihon Seiki Co., Ltd. Apr 2017 Joined the Company Jul 2020 Representative, Fula Studio Division Nov 2021 Executive Officer, CTO; Representative, Fula Studio Division Apr 2022 Executive Officer, CTO; General Manager, Engineering Group Oct 2025 Executive Officer, CTO Sep 2026 Director, CTO (current)
1989-03-19
Yosuke NAGAYA
Outside Director
Apr 2002 Joined Nomura Research Institute, Ltd. May 2005 Joined Broadtech Co., Ltd. Oct 2010 Director, Ulure Inc. Apr 2015 Director, General Manager, Second Business Division, Ulure Inc. Apr 2016 Representative Director, Vice President, Ulure BPO Inc. Apr 2019 Director, Executive Officer in charge of Shufti Business, Ulure Inc. Apr 2021 Director, Executive Officer in charge of IT Strategy and Risk Management, Ulure Inc. Sep 2022 Outside Director, the Company (current) Apr 2023 Director, Executive Officer in charge of IT Strategy, Risk Management and HR (Labor), Ulure Inc. Apr 2024 Director, Executive Officer in charge of IT and Risk Management, Ulure Inc. Oct 2025 Executive Officer, VPoE, Ulure Inc. (current)
1978-10-31
Yasufumi ANBARA
Outside Director
Apr 2001 Joined Trans World Japan Co., Ltd. Feb 2006 Joined Yahoo Japan Corporation (currently LINE Yahoo Corporation) Nov 2010 Joined Citibank Japan Ltd. Feb 2013 Established Fastmedia Inc. (currently Yappli Inc.); Representative Director, President and CEO (current) Sep 2024 Outside Director, the Company (current) Nov 2025 Director, Chooz Monster Inc. (currently Yappli Food Connect Inc.) (current)
1977-02-28
Makoto YOSHIOKA
Outside Director
Oct 2000 Joined Udo Music Office Co., Ltd. Oct 2005 Joined Digital Palette Co., Ltd. (currently Dentsu Digital Inc.) Jan 2009 Joined Dentsu Razorfish Inc. (currently Dentsu Digital Inc.); General Manager, Kansai Department Jan 2016 Joined Dentsu Isobar Inc. (currently Dentsu Digital Inc.); General Manager, Kansai Division Jan 2020 General Manager, Kansai Division and General Manager, Business Development Division, Dentsu Digital Inc. Jul 2021 General Manager, Kansai Department and General Manager, Business Development Department, Dentsu Digital Inc. Jan 2022 General Manager, Kansai Department and General Manager, Account Innovation Department, Dentsu Digital Inc. Jan 2025 Executive Officer, General Manager, Business Development Department, Dentsu Digital Inc. (current) Sep 2026 Outside Director, the Company (current)
1976-08-15
Yahō TOMIKAWA
Outside Audit & Supervisory Board Member (Full-time)
Apr 1988 Joined Yamaichi Securities Co., Ltd. Feb 1998 Joined Fuji Television Network, Inc. Jun 2008 Senior Manager, Digital Planning Office, Digital Content Bureau, Fuji Television Network, Inc. Jun 2009 Senior Manager, Content Business Division, Content Business Center, Rights Development Bureau, Fuji Television Network, Inc. Jun 2010 General Manager, Video Content Business Division, Creative Business Bureau, Fuji Television Network, Inc. Mar 2012 General Manager, Special Zone Promotion Department, Special Zone Preparation Office, Fuji Television Network, Inc. Jun 2013 Head of Content Design Center and General Manager, Content Design Department, Content Business Bureau, Fuji Television Network, Inc. Mar 2014 Representative Director, President, Storia Inc. Jul 2017 Deputy Bureau Chief, Content Business Center, General Business Bureau, Fuji Television Network, Inc. Sep 2019 Audit & Supervisory Board Member, YourCast Inc. (currently TVer Technologies Inc.) Mar 2021 Bureau Chief, Content Business Center, Programming & Production Bureau, Fuji Television Network, Inc. Jul 2021 Bureau Chief, Digital Solutions Center, Technology Bureau, Fuji Television Network, Inc. Jun 2022 Representative, Tomikawa Shoten (current) Sep 2022 Substitute Audit & Supervisory Board Member, the Company Mar 2024 Outside Audit & Supervisory Board Member, the Company Jul 2024 Outside Audit & Supervisory Board Member (Full-time), the Company (current)
1964-04-03
Takanori MIKI
Outside Audit & Supervisory Board Member
Oct 1997 Joined Aoyama Audit Corporation Apr 2001 Registered as Certified Public Accountant Jan 2003 Joined Deloitte Touche Tohmatsu (currently Deloitte Touche Tohmatsu LLC) Oct 2010 Established Bizsupport Inc.; Representative Director Oct 2010 Representative, Takanori Miki Certified Public Accountant Office (current) Jul 2016 Established Bizsupport Group; Representative Partner (current) Jun 2018 Outside Audit & Supervisory Board Member, the Company (current) Jan 2022 Representative Director, Bizsupport Inc. (current)
1975-11-27
Shino TANAKA
Outside Audit & Supervisory Board Member
Apr 1998 Joined Fuji Television Network, Inc. Nov 2010 Joined Legal Training and Research Institute of the Supreme Court of Japan Nov 2011 Joined Vasco da Gama Law and Accounting Office Dec 2011 Registered as Attorney at Law (Daiichi Tokyo Bar Association) Jan 2014 Joined Sakai Law Office (current) Jun 2019 Outside Audit & Supervisory Board Member, the Company (current)
1973-04-18
Large Shareholding Reports
B Dash Ventures
2025-08-22
5.55%→3.85%
B Dash Ventures
2025-08-21
7.62%→5.55%
Shuta SHIBUYA
2025-08-18
7.04%→4.94%
Annual report (as of 2026-06-30): 4.85%
B Dash Ventures, Inc.
2025-08-13
8.65%→7.62%
Joyo Capital Partners Co., Ltd.
2025-08-06
5.31%→4.16%
B Dash Ventures
2025-08-05
8.97%→8.65%
B Dash Ventures
2025-07-31
8.97%
Dentsu Group Inc.
2025-07-30
20.41%
Annual report (as of 2026-06-30): 19.91%
Yappli Inc.
2025-07-29
21.79%
Annual report (as of 2026-06-30): 21.25%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-09-29
Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2026-05-12
Q3 Earnings Flash
FY ending Jun 2026
EDINET
2026-02-12
Semi-Annual Securities Report
Period: Jul 2025 – Jun 2026
TDnet
2025-11-12
Q1 Earnings Flash
FY ending Jun 2026
EDINET
2025-09-26
Annual Securities Report
Period: Jul 2024 – Jun 2025
EDINET
2025-08-22
Large Shareholding Report
EDINET
2025-08-21
Large Shareholding Report
EDINET
2025-08-18
Large Shareholding Report
EDINET
2025-08-13
Large Shareholding Report
EDINET
2025-08-06
Large Shareholding Report
EDINETAmended
2025-08-05
Change Report
EDINET
2025-07-31
Large Shareholding Report
EDINET
2025-07-30
Large Shareholding Report
EDINET
2025-07-29
Large Shareholding Report
EDINETAmended
2025-07-14
Amended Securities Registration Statement
EDINETAmended
2025-07-04
Amended Securities Registration Statement
EDINET
2025-06-19
Securities Registration Statement
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