Overview
Information & Communication

Mobile Factory,Inc.

Mobile Factory, Inc. develops and operates location-based mobile games, most notably 'Ekimemo! (Station Memories!)' and 'Ekidasshu (Station Capture)' series, which leverage real-world railroad station data to create collectible, competitive gaming experiences for commuters and travelers across Japan. The company also operates a content business providing ringtone and melody download services for smartphones under both proprietary and OEM models. Its competitive strength lies in long-running IP with deep community engagement, active collaborations with regional railway operators and local governments, and fully in-house system development capabilities.

Market Cap
¥7.05B
US$44.9M
EV
¥4.39B
US$28.0M
Stock¥1,085▲+0.65%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.9
x
LTM EV/EBIT
3.9
x
LTM PER
14.4
x
LTM PBR
2.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-12.8%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jan 29, 26Earnings release, guidance revision up
2Feb 5, 26Profit-taking after earnings
3Jul 24, 26Q2 FY2026/12 earnings announced
MC → EV Bridge
7.05BUS$44.9MMarket Cap0.00BUS$0.00M+ Debt2.55BUS$16.2M− Cash0.11BUS$0.73M− Inv. Sec.4.39BUS$28.0MEV
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Performance & Balance
Revenue 5Y (¥B)
2.90US$18.5M'21/123.14US$20.1M'22/123.37US$21.5M'23/123.32US$21.2M'24/123.43US$21.9M'25/12
EBITDA 5Y (¥B)
0.89US$5.65M'21/120.88US$5.63M'22/120.95US$6.04M'23/121.06US$6.76M'24/121.12US$7.15M'25/12
Net Income 5Y (¥B)
0.54US$3.43M'21/120.56US$3.56M'22/120US$0.00M'23/120.70US$4.46M'24/120.49US$3.11M'25/12
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
2.72US$17.4M'21/122.90US$18.5M'22/122.89US$18.4M'23/123.22US$20.5M'24/123.27US$20.9M'25/12
Shareholders
Top 10 hold 61.0%
1
Yuji MIYAJIMA
47.27%
2
THE BANK OF NEW YORK MELLON 140044 (Standing Proxy: Mizuho Bank, Ltd.)
2.88%
3
Natsuki KATAOKA
2.66%
4
Takaaki MURAKAMI
2.64%
5
Tomohiro YOSHIDA
1.76%
6
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
1.15%
7
Makoto HAGIYA
0.75%
8
BNYM AS AGT/CLTS US PENSION FUND GLOBAL BUSINESS (Standing Proxy: MUFG Bank, Ltd.)
0.70%
9
Mamoru YOKOYAMA
0.62%
10
Chiaki SHINO
0.60%
Management
6 officers
Yuji MIYAJIMA
Representative Director
Apr 1995 Joined SoftBank Corp. (now SoftBank Group Corp.) Jul 1999 Joined CyberAgent, Inc. Oct 2001 Established Mobile Factory Ltd. (Yugen Kaisha) Apr 2003 Reorganized into Mobile Factory, Inc.; appointed Representative Director (current) Jul 2018 Established Bit Factory, Inc.; appointed Representative Director Feb 2025 Appointed Representative Director, G1 Dash, Inc. (current)
1971-07-24
Rie NARUSAWA
Director
Apr 1998 Joined Enix Corp. (now Square Enix Holdings Co., Ltd.) Sep 2013 Joined NubeeTokyo Inc. as Executive Producer; also appointed head of Production, Promotion, Overseas Collaboration, Domestic Collaboration and Legal departments Mar 2016 Appointed Director, Churapps Inc. Jun 2016 Appointed Director, ArAtA Inc. (current) Nov 2016 Appointed Director, AppBeach Inc. (merged into Churapps Inc. in Jul 2018) Mar 2017 Appointed Director of the Company (current) Aug 2017 Appointed Director, Moricatron Co., Ltd. (current) Nov 2017 Appointed Director, Route For Co., Ltd. May 2018 Appointed Director, Amusement Asset Associates Inc. (current) Oct 2018 Appointed Director, Monobit Moricatron Holdings Inc. (now monoAI technology Inc.) Dec 2018 Appointed Director, RingZero Inc. (current) Apr 2023 Appointed Professor, Department of Character Design, Faculty of Arts, Kyoto University of Art and Design
1976-03-04
Shu YAMAGUCHI
Director
Apr 1994 Joined Dentsu Inc. May 2002 Joined Booz Allen Hamilton Inc. (now PwC Strategy&) Jan 2007 Joined Boston Consulting Group K.K. Apr 2010 Joined A.T. Kearney K.K. May 2011 Joined Hay Group K.K. (now Korn Ferry Hay Group) Jan 2015 Appointed Senior Client Partner, Korn Ferry Hay Group Mar 2018 Appointed Director of the Company (current) Sep 2019 Appointed Outside Director, Nakagawa Masashichi Shoten Co., Ltd.
1970-04-12
Gisuke SHIOZAWA
Director (Full-time Audit and Supervisory Committee Member)
Apr 1976 Joined Japan Monopoly Corporation (now Japan Tobacco Inc.) Aug 1995 Appointed General Manager, Finance Department, Japan Tobacco Inc. Sep 1999 Seconded to Japan Beverage Co., Ltd. (now Japan Beverage Holdings Inc.) as General Manager, Accounting Department Jun 2000 Appointed Director, Japan Beverage Co., Ltd. Jun 2003 Appointed Executive Officer and General Manager, Food Business Planning Department, Japan Tobacco Inc. Jun 2005 Appointed Executive Officer and General Manager, Beverage Business Division, Japan Tobacco Inc. Jun 2008 Appointed Full-time Audit & Supervisory Board Member, Japan Tobacco Inc. Jun 2012 Appointed Advisor, Japan Tobacco Inc. Sep 2013 Appointed Audit & Supervisory Board Member of the Company Jul 2015 Appointed Audit & Supervisory Board Member, G1 Dash, Inc. (current) Jul 2018 Appointed Audit & Supervisory Board Member, Bit Factory, Inc. Mar 2022 Appointed Director (Full-time Audit and Supervisory Committee Member) of the Company (current)
1952-04-18
Eisuke ITO
Director (Audit and Supervisory Committee Member)
Oct 2001 Joined Chuo Aoyama Audit Corporation Apr 2005 Registered as Certified Public Accountant Jul 2005 Opened Ito Accounting Office (current) May 2007 Appointed Audit & Supervisory Board Member, Energy Agent Inc. (now Hachimenroppi Co., Ltd.) (current) Jun 2008 Appointed Audit & Supervisory Board Member, Shisa Inc. Mar 2013 Appointed Audit & Supervisory Board Member, Live Revolution Inc. (current) Jun 2013 Appointed Audit & Supervisory Board Member, Market Enterprise Inc. (current) Nov 2014 Appointed Audit & Supervisory Board Member of the Company Dec 2014 Appointed Audit & Supervisory Board Member, Robot Start Inc. Apr 2015 Appointed Audit & Supervisory Board Member, Appirits Inc. (current) Sep 2018 Appointed Audit & Supervisory Board Member, Kinkin Shoji Co., Ltd. Mar 2022 Appointed Director (Audit and Supervisory Committee Member) of the Company (current)
1978-07-24
Kazumasa NAMEKATA
Director (Audit and Supervisory Committee Member)
Jun 1985 Joined H.I.S. Co., Ltd. Sep 1985 Appointed Director and General Manager, Accounting Department, H.I.S. Co., Ltd. Feb 1993 Appointed Director and General Manager, General Affairs Department, H.I.S. Co., Ltd. Nov 1997 Appointed Managing Director and General Manager, Kansai Division, H.I.S. Co., Ltd. Nov 1999 Appointed Managing Director and General Manager, Administration Division, H.I.S. Co., Ltd. Oct 2000 Appointed Managing Director and General Manager, General Affairs Department and Systems Development Office, H.I.S. Co., Ltd. Jun 2004 Appointed Representative Director, Managing Director and General Manager, General Affairs Department, in charge of Personnel, Accounting and Affiliate Management Departments, H.I.S. Co., Ltd. Jan 2005 Appointed Representative Director and Senior Managing Director, H.I.S. Co., Ltd. Apr 2008 Appointed Director and Senior Advisor, H.I.S. Co., Ltd. May 2010 Appointed Director and Senior Advisor, in charge of Social Contribution Business Office, H.I.S. Co., Ltd. Sep 2011 Appointed Director and Senior Advisor, in charge of CSR Promotion, H.I.S. Co., Ltd. Nov 2016 Appointed Director and Senior Advisor, in charge of domestic travel subsidiaries, H.I.S. Co., Ltd. Jan 2017 Appointed Director, in charge of affiliate management, H.I.S. Co., Ltd. Feb 2018 Appointed Special Advisor, H.I.S. Co., Ltd. Mar 2018 Appointed Audit & Supervisory Board Member of the Company Mar 2018 Appointed Director, Delta Co., Ltd. Sep 2019 Appointed Representative Director, Peace Travel Project Inc. (current) Dec 2021 Appointed Director, Daiichi Cutter Kogyo Co., Ltd. (current) Mar 2022 Appointed Director (Audit and Supervisory Committee Member) of the Company (current)
1953-05-04
Large Shareholding Reports
Yuji MIYAJIMA
2026-02-12
41.05%→35.61%
Annual report (as of 2026-06-30): 47.27%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-23
Q3 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-07
Semi-Annual Securities Report
Period: Jan 2026 – Jun 2026
TDnet
2026-07-24
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-04-24
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-13
Annual Securities Report
Period: Jan 2025 – Dec 2025
EDINET
2026-02-12
Large Shareholding Report
TDnet
2025-10-24
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-08
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-04-25
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-26
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-09
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-15
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-25
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-05-15
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-27
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-25
Annual Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-05-14
Quarterly Securities Report
EDINET
2021-03-29
Annual Securities Report
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