Overview
Information & Communication

SHANON Inc.

SHANON Inc. develops and provides cloud-based marketing automation (MA) tools and integrated marketing support services, primarily targeting B2B companies in Japan. Its flagship product, SHANON MARKETING PLATFORM, enables lead acquisition, nurturing, event management, and sales force automation (SFA) in a single integrated platform, serving approximately 3,000 client companies across various industries. The company also offers a content management system (SHANON CMS), DSP digital advertising services (SHANON Ad Cloud), and a metaverse event platform (ZIKU) through its subsidiaries.

Market Cap
¥2.67B
US$17.0M
EV
¥1.45B
US$9.26M
Stock¥451▼-4.45%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.3
x
LTM EV/EBIT
3.2
x
LTM PER
5.1
x
LTM PBR
1.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-12.4%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 17, 26Q2 FY2026/12 earnings announced
MC → EV Bridge
2.67BUS$17.0MMarket Cap0.07BUS$0.41M+ Debt1.29BUS$8.20M− Cash0.00BUS$0.00M− Inv. Sec.1.45BUS$9.26MEV
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Performance & Balance
Revenue 5Y (¥B)
2.20US$14.0M'21/102.46US$15.7M'22/102.93US$18.7M'23/103.21US$20.4M'24/103.21US$20.5M'25/12
EBITDA 5Y (¥B)
0.15US$0.93M'21/10-0.17-US$1.10M'22/10-0.09-US$0.59M'23/100.10US$0.63M'24/100.30US$1.93M'25/12
Net Income 5Y (¥B)
0.11US$0.68M'21/10-0.37-US$2.33M'22/10-0.45-US$2.84M'23/10-0.10-US$0.64M'24/10-0.03-US$0.17M'25/12
Capital Structure
96%
EquityD/E 0.05xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
0.49US$3.13M0.56US$3.60M'21/100.26US$1.68M0.74US$4.75M'22/100.40US$2.56M1.13US$7.23M'23/100.76US$4.87M1.35US$8.60M'24/101.01US$6.44M0.10US$0.62M'25/12
Shareholders
Top 10 hold 74.2%
1
Innovation Inc.
56.71%
2
Kiichiro NAGASHIMA
4.69%
3
Fumiyoshi HATA
4.03%
4
SBI SECURITIES Co., Ltd.
2.29%
5
Joji HORI
1.33%
6
Ryo FUJIMOTO
1.21%
7
Takashi TAKEDA
1.20%
8
Rakuten Securities, Inc. (Joint Account)
0.98%
9
Sunbridge Corporation
0.87%
10
Makoto HIGASHINO
0.84%
Management
5 officers
Manabu TOMOKIYO
Director, CFO, Head of Management Administration Division
Oct 2003 Joined Tohmatsu Audit Corporation (currently Deloitte Touche Tohmatsu LLC) Jul 2009 Registered as Certified Public Accountant Nov 2012 Joined the Company; appointed Head of Business Planning Office Aug 2013 Appointed Full-time Audit & Supervisory Board Member of the Company May 2015 Appointed Director of the Company; appointed Head of Management Administration Division (current) Mar 2016 Appointed Director in charge of Management Administration of the Company Aug 2022 Appointed Audit & Supervisory Board Member of Gotoh Brand Co., Ltd. Jan 2024 Jan 2026 Appointed Executive Officer and CFO of the Company (current) Director of Innovation X Solutions Inc. (current) Mar 2026 Appointed Director and CFO of the Company
1978-05-04
Hirofumi YAMASAKI
Representative Director, CEO
Apr 1990 Joined Kuraray Co., Ltd. Jul 2000 Joined trans cosmos inc. Apr 2004 Head of Administration Division, trans cosmos inc. Apr 2005 Joined Zappallas, Inc. Jul 2005 Director, Head of Administration Division, Zappallas, Inc. May 2008 Senior Managing Director, Zappallas, Inc. Jul 2010 Full-time Audit & Supervisory Board Member, Zappallas, Inc. May 2013 Joined Barock Japan Limited May 2015 Director, Managing Executive Officer, Barock Japan Limited May 2017 Senior Managing Director, Chief Strategy Officer, Barock Japan Limited Jun 2018 Joined Innovation Inc. as Director, CFO Oct 2023 Chairman of the Board, Innovation Inc. (current) Apr 2025 Representative Director, CEO of the Company (current)
1965-10-10
Yoshitaka MATSUBARA
Director (Audit and Supervisory Committee Member)
Apr 1974 Joined NEC Corporation Jul 1984 Joined Ungermann-Bass, Inc. (USA) / Ungermann-Bass K.K. Mar 1987 Founded Allied Telesis K.K., Representative Director and President Apr 1994 Chairman, Allied Telesis K.K. Apr 1994 Founded Lancept Corporation, Representative Director Jan 2002 Director, Abix Corporation Nov 2010 Joined Intercom Inc. as Executive Officer Jun 2012 Director, Intercom Inc. Jun 2014 Representative Director and President, Intercom Inc. Feb 2024 Full-time Audit & Supervisory Board Member, STYLY, Inc. Apr 2025 Jan 2026 Outside Director (Audit and Supervisory Committee Member) of the Company (current) Audit & Supervisory Board Member of Innovation X Solutions Inc. (current)
1951-05-30
Hideaki OKADA
Director (Audit and Supervisory Committee Member)
Apr 1987 Joined Recruit Co., Ltd. Oct 1996 Joined Recruit Building Management Co., Ltd. (currently Xymax Corporation) Jan 2001 Representative Director and President, Quest Properties Co., Ltd. Mar 2001 Director and Vice President, Area Quest Co., Ltd. Oct 2003 Representative Director and President, Max Leasing Co., Ltd. Nov 2011 Representative Director and President, Green Park Co., Ltd. (currently Pit Design Inc.) Jan 2014 Joined Laesome Co., Ltd. Jun 2014 Director, Laesome Co., Ltd. Jun 2016 Managing Director, Laesome Co., Ltd. Jun 2022 Director, Full-time Audit and Supervisory Committee Member, Laesome Co., Ltd. Mar 2025 Representative Director and President, Pit Design Inc. (current) Apr 2025 Outside Director (Audit and Supervisory Committee Member) of the Company (current)
1964-10-04
Taishi SASAOKA
Director (Audit and Supervisory Committee Member)
Nov 2006 Joined Landstar Inc. Jul 2008 Joined Da Vinci Advisors Inc. Jul 2009 Joined Hitachi Consulting Co., Ltd. May 2012 Joined Park24 Co., Ltd. Nov 2015 Joined Skylark Holdings Co., Ltd. Feb 2016 Joined NTT Facilities, Inc. Feb 2018 Joined DMM.com Securities Co., Ltd. Feb 2024 Joined Innovation Inc. Jul 2024 Executive Officer, Unit Head, Corporate Design Unit, Innovation Inc. (current) Apr 2025 Director (Audit and Supervisory Committee Member) of the Company (current)
1982-02-08
Large Shareholding Reports
Kenichiro NAKAMURA
2026-03-03
6.51%→3.50%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Kenichiro NAKAMURA
2026-02-16
6.51%→3.50%
Kenichiro NAKAMURA
2025-12-09
7.52%→6.51%
Kenichiro NAKAMURA
2025-08-28
7.91%→7.52%
Kenichiro NAKAMURA
2025-08-27
8.94%→7.91%
Kenichiro NAKAMURA
2025-08-21
8.94%→7.91%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-14
Semi-Annual Securities Report
Period: Jan 2026 – Jun 2026
TDnet
2026-08-14
Q2 Earnings Flash
FY ending Dec 2026
TDnet
2026-05-15
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-27
Annual Securities Report
Period: Nov 2024 – Dec 2025
EDINETAmended
2026-03-03
Change Report
EDINET
2026-02-16
Large Shareholding Report
EDINET
2025-12-09
Large Shareholding Report
EDINETAmended
2025-09-19
Amended Semi-Annual Securities Report
Period: Nov 2024 – Apr 2025
TDnet
2025-09-12
Q3 Earnings Flash
FY ending Dec 2025
EDINETAmended
2025-08-28
Change Report
EDINET
2025-08-27
Large Shareholding Report
EDINET
2025-08-21
Large Shareholding Report
EDINET
2025-06-13
Semi-Annual Securities Report
Period: Nov 2024 – Apr 2025
TDnet
2025-03-14
Q1 Earnings Flash
FY ending Oct 2025
EDINET
2025-01-31
Annual Securities Report
Period: Nov 2023 – Oct 2024
EDINET
2024-06-14
Quarterly Securities Report
Period: Feb 2024 – Apr 2024
EDINET
2024-03-15
Quarterly Securities Report
Period: Nov 2023 – Jan 2024
EDINET
2024-01-29
Annual Securities Report
Period: Nov 2022 – Oct 2023
EDINET
2023-12-22
Securities Registration Statement
EDINET
2023-09-12
Quarterly Securities Report
Period: May 2023 – Jul 2023
EDINET
2023-06-13
Quarterly Securities Report
Period: Feb 2023 – Apr 2023
EDINET
2023-03-15
Quarterly Securities Report
Period: Nov 2022 – Jan 2023
EDINETAmended
2023-02-28
Amended Securities Registration Statement
EDINET
2023-02-24
Securities Registration Statement
EDINET
2023-01-30
Annual Securities Report
Period: Nov 2021 – Oct 2022
EDINET
2022-10-31
Securities Registration Statement
EDINET
2022-09-13
Quarterly Securities Report
EDINET
2022-06-13
Quarterly Securities Report
EDINET
2022-03-15
Quarterly Securities Report
EDINET
2022-01-31
Annual Securities Report
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