Overview
Information & Communication

KAYAC Inc.

KAYAC Inc. is a Japanese creative technology company operating across four core segments: (1) 'Omoshiro Produce' (creative digital marketing, web campaigns, SNS promotions, branding, and gamification for corporate clients); (2) 'Game & Entertainment' (proprietary mobile casual/hypercasual game development and contract game development via subsidiary Kayac Akiba Studio, with hypercasual games achieving the #1 app download ranking among Japanese companies globally for five consecutive years); (3) 'eSports' (tournament platform 'Tonamel', esports event planning and operations via subsidiary GLOE); and (4) 'Chiiki Capitalism' (regional revitalization services including the migration matching platform 'SMOUT' and community currency service 'Machi no Coin'). The company also operates 'Unko Museum' experiential entertainment facilities and holds an equity stake in Okinawa J.League football club FC Ryukyu.

Market Cap
¥6.21B
US$39.6M
EV
¥3.04B
US$19.4M
Stock¥403▼-2.42%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.2
x
LTM EV/EBIT
2.1
x
LTM PER
11.5
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-29.3%pt
1001234
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 14, 25Rising expectations for earnings revision
2Nov 25, 25Stock rise on strong interim earnings
3Nov 27, 25Continued buying on strong earnings
4Feb 17, 26Profit-taking after previous day's surge
MC → EV Bridge
6.21BUS$39.6MMarket Cap2.68BUS$17.1M+ Debt6.16BUS$39.3M− Cash0.19BUS$1.19M− Inv. Sec.0.50BUS$3.21M+ NCI3.04BUS$19.4MEV
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Performance & Balance
Revenue 5Y (¥B)
12.6US$80.1M'21/1216.5US$105M'22/1217.5US$111M'23/1216.7US$107M'24/1220.1US$128M'25/12
EBITDA 5Y (¥B)
1.30US$8.30M'21/121.37US$8.74M'22/121.23US$7.83M'23/120.56US$3.57M'24/121.27US$8.08M'25/12
Net Income 5Y (¥B)
0.83US$5.29M'21/120.78US$4.99M'22/120.51US$3.26M'23/120.15US$0.95M'24/120.68US$4.36M'25/12
Capital Structure
69%
31%
EquityD/E 0.45xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
2.71US$17.3M2.29US$14.6M'21/124.44US$28.3M2.34US$14.9M'22/125.32US$33.9M2.12US$13.5M'23/125.42US$34.6M3.27US$20.8M'24/125.49US$35.0M3.23US$20.6M'25/12
Shareholders
Top 10 hold 70.5%
1
Daisuke YANAGISAWA
23.01%
2
Masanori KAIHATA
19.46%
3
Tomoki KUBA
15.82%
4
CAINZ CORPORATION
3.50%
5
Custody Bank of Japan, Ltd. (Trust Account)
3.00%
6
Rakuten Securities, Inc.
1.80%
7
Shintaro WATANABE
1.23%
8
SBI SECURITIES Co., Ltd.
1.02%
9
Tomonori YAMADA
1.01%
10
Shigetaka MOCHIZUKI
0.62%
Management
6 officers
Daisuke YANAGISAWA
Representative Director, CEO
Apr 1996 Joined Sony Music Entertainment (Japan) Inc. Aug 1998 Established KAYAC Limited Partnership Company as unlimited liability partner Jan 2005 Established KAYAC Inc.; assumed office as Representative Director (current) Sep 2015 Assumed office as Director, T.O.W. Inc. (current) Nov 2015 Assumed office as Director, Pracore Inc. (current) Mar 2016 Assumed office as Outside Director, Cookpad Inc. May 2017 Assumed office as Director, Inamuragasaki Sanchome Fudosan Inc. (now Kamakura R Estate Inc.) (current) Jun 2017 Assumed office as Director, WellPlayed Inc. (now GLOE Inc.) Oct 2019 Assumed office as Outside Director, INCLUSIVE Inc. (now INCLUSIVE Holdings Inc.) May 2021 Assumed office as Representative Director, KAYAC Zero Inc. (current) Nov 2022 Assumed office as Outside Director, Living House Inc. (current) Feb 2023 Assumed office as Outside Director, Phil Company Inc. (current) Mar 2024 Assumed office as Director, Ryukyu Football Club Inc. Apr 2024 Assumed office as Director, Gemtre Inc. (current) Apr 2024 Assumed office as Representative Director, Ryukyu Football Club Inc. (current)
1974-02-19
Masanori KAIHATA
Representative Director, CTO
Aug 1998 Established KAYAC Limited Partnership Company as unlimited liability partner Jan 2005 Established KAYAC Inc.; assumed office as Representative Director (current) Mar 2016 Assumed office as Director, Garuchi Inc. (now KAYAC Akihabara Studio Inc.) Mar 2018 Assumed office as Representative Director, Garuchi Inc. (now KAYAC Akihabara Studio Inc.) Sep 2021 Assumed office as Representative Director, Adore Inc. (now KAYAC Bond Inc.) (current) Jul 2022 Assumed office as Director, KAYAC Polaris Inc. (current) Dec 2024 Assumed office as Director, Aslan Film Inc. (current) Dec 2024 Assumed office as Director, Lazo Inc. (current) Mar 2025 Assumed office as Chairman, KAYAC Akihabara Studio Inc. (current)
1974-02-02
Tomoki KUBA
Representative Director, CBO
Aug 1998 Established KAYAC Limited Partnership Company as unlimited liability partner Jan 2005 Established KAYAC Inc.; assumed office as Representative Director (current) Nov 2020 Assumed office as Director, SANKO Inc. (now KAYAC SANKO Inc.)
1971-02-14
Yohei SADOSHIMA
Director (Audit and Supervisory Committee Member)
Apr 2002 Joined Kodansha Ltd. Oct 2012 Established Cork Inc.; assumed office as Representative Director (current) Oct 2013 Established Magnet Inc. (now Manba Inc.); assumed office as Director (current) May 2015 Assumed office as Representative Director, Magnet Inc. (now Manba Inc.) Jan 2017 Established Oshiro Inc.; assumed office as Director (current) Mar 2017 Assumed office as Outside Director, KAYAC Inc. Jun 2018 Assumed office as Outside Director, SMN Inc. Jan 2019 Assumed office as Director, Manba Inc. (current) Feb 2019 Assumed office as Director, tecture Inc. (current) Jul 2024 Established THE PEN Inc.; assumed office as Director (current) Mar 2025 Assumed office as Outside Director (Audit and Supervisory Committee Member), KAYAC Inc. (current) Oct 2025 Assumed office as Director, Nakagawa Masashichi Shoten Inc. (current)
1979-07-24
Yuri ABE
Director (Audit and Supervisory Committee Member)
Apr 1990 Joined Kokusai Investment Trust Co., Ltd. (now Mitsubishi UFJ Asset Management Co., Ltd.) Nov 1997 Joined D-Brain Inc. (now CloudBank Incurabo Inc.) Oct 2003 Joined D-Brain Securities Inc. (now Japan Cloud Securities Inc.) Dec 2010 Joined KAYAC Inc. Sep 2013 Joined Japan Cloud Securities Inc. Mar 2015 Assumed office as Full-time Audit and Supervisory Board Member, KAYAC Inc. Nov 2015 Assumed office as Audit and Supervisory Board Member, Pracore Inc. (current) Mar 2018 Assumed office as Director (Audit and Supervisory Committee Member), KAYAC Inc. (current) Apr 2021 Assumed office as Audit and Supervisory Board Member, SANKO Inc. (now KAYAC SANKO Inc.) May 2024 Assumed office as Audit and Supervisory Board Member, Eiji Press Inc. (current)
1966-10-01
Naoto MATSUMOTO
Director (Audit and Supervisory Committee Member)
Apr 2002 Joined Future Venture Capital Co., Ltd. Jan 2016 Assumed office as President and Representative Director, Future Venture Capital Co., Ltd. Jun 2017 Assumed office as Outside Director, Dejiara Holdings Inc. (current) Jul 2022 Assumed office as Representative Director, ABAKAM Inc. (current) Sep 2022 Assumed office as Outside Director (Nomination and Compensation Committee Member), Smart Value Inc. (current) Feb 2023 Assumed office as Outside Director (Audit and Supervisory Committee Member), Phil Company Inc. (current) Jun 2023 Assumed office as Outside Director, Kokopelli Inc. (current) Nov 2024 Assumed office as Representative Director, Team Local Capital Inc. (current) Nov 2024 Assumed office as Representative Director, Creww Capital Inc. (current) Dec 2025 Assumed office as Outside Director, RELIC Inc. (current) Mar 2026 Assumed office as Outside Director (Audit and Supervisory Committee Member), KAYAC Inc. (current)
1980-03-23
Large Shareholding Reports
Tomoki Kuba
2026-08-04
15.62%→13.95%
Annual report (as of 2026-06-30): 15.82%
Tomoki KUBA
2025-12-08
18.18%→15.62%
Annual report (as of 2026-06-30): 15.82%
Tomoki KUBA
2025-12-08
18.18%→15.59%
Annual report (as of 2026-06-30): 15.82%
Daisuke YANAGISAWA
2025-12-08
23.47%→22.01%
Annual report (as of 2026-06-30): 23.01%
Masanori KAIHATA
2025-12-08
20.48%→18.61%
Annual report (as of 2026-06-30): 19.46%
Daisuke YANAGISAWA
2025-12-08
23.47%→22.01%
Annual report (as of 2026-06-30): 23.01%
Masanori KAIHATA
2025-12-05
20.48%→18.61%
Annual report (as of 2026-06-30): 19.46%
Daisuke YANAGISAWA
2025-12-05
23.79%→22.01%
Annual report (as of 2026-06-30): 23.01%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-14
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
EDINET
2026-08-04
Large Shareholding Report
TDnet
2026-05-14
Q1 Earnings Flash
FY ending Dec 2026
EDINETAmended
2026-03-26
Amended Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-03-25
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINETAmended
2025-12-08
Change Report
EDINET
2025-12-08
Large Shareholding Report
EDINETAmended
2025-12-08
Change Report
EDINETAmended
2025-12-08
Change Report
EDINETAmended
2025-12-08
Change Report
EDINET
2025-12-05
Large Shareholding Report
EDINET
2025-12-05
Large Shareholding Report
TDnet
2025-11-13
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-14
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-15
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-28
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-14
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-22
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-14
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-11
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINETAmended
2023-03-31
Amended Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2023-03-27
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-15
Quarterly Securities Report
EDINET
2022-05-12
Quarterly Securities Report
EDINET
2022-03-28
Annual Securities Report
EDINET
2021-11-15
Quarterly Securities Report
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