Overview
Information & Communication

THECOO Inc.

THECOO operates two core businesses: a Fan Business Platform centered on 'Fanicon,' a subscription-based fan community app connecting artists, influencers, and talent with their fans through live streaming, group chat, e-commerce, and ticketing features; and a Digital Marketing business providing influencer marketing campaign execution and digital advertising consulting services to corporate clients. The company also operates 'iCON Suite,' an influencer planning and analytics tool, and serves a broad entertainment and creator economy market estimated at up to ¥12.6 trillion TAM in Japan.

Market Cap
¥6.84B
US$43.6M
EV
¥4.15B
US$26.5M
Stock¥3,230▲+1.57%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.7
x
LTM EV/EBIT
8.6
x
LTM PER
16.4
x
LTM PBR
8.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+147.9%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 17, 25Continuation of previous day's rally
2Aug 13, 26Q2 FY2026/12 earnings announced
MC → EV Bridge
6.84BUS$43.6MMarket Cap0.00BUS$0.00M+ Debt2.69BUS$17.1M− Cash0.00BUS$0.00M− Inv. Sec.4.15BUS$26.5MEV
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Performance & Balance
Revenue 5Y (¥B)
3.48US$22.2M'21/124.28US$27.3M'22/123.81US$24.3M'23/124.33US$27.6M'24/124.83US$30.8M'25/12
EBITDA 5Y (¥B)
-0.05-US$0.31M'21/12-0.14-US$0.88M'22/12-0.50-US$3.22M'23/12-0.02-US$0.14M'24/120.25US$1.62M'25/12
Net Income 5Y (¥B)
-0.11-US$0.70M'21/12-0.49-US$3.11M'22/12-0.76-US$4.87M'23/12-0.07-US$0.44M'24/120.17US$1.11M'25/12
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
2.04US$13.0M0.11US$0.68M'21/121.84US$11.8M0.06US$0.35M'22/121.52US$9.68M0.03US$0.16M'23/121.60US$10.2M0.00US$0.03M'24/122.04US$13.0M'25/12
Shareholders
Top 10 hold 57.6%
1
High & Dry Inc.
19.79%
2
Masato TAIRA
5.58%
3
YJ No. 2 Investment Limited Partnership
5.38%
4
NVCC No. 8 Investment Limited Liability Partnership
4.22%
5
Naoya KIHARA
4.11%
6
Kōnosuke SAKURADA
4.10%
7
Tetsuya TAKEI
3.87%
8
SBI SECURITIES Co., Ltd.
3.83%
9
HS Asset Management Co., Ltd.
3.36%
10
DX Ventures Inc.
3.36%
Management
9 officers
Masato TAIRA
Representative Director, CEO
Apr 1997 Joined Itochu Corporation Oct 2001 Joined Docomo AOL Inc. Sep 2003 Joined Sony Corporation (current: Sony Group Corporation) Aug 2007 Joined Google K.K. (current: Google LLC) Jan 2014 Representative Director, CEO of the Company (current)
1973-12-22
Hiroki SHIMOKAWA
Director
Apr 2005 Joined Nippon Telegraph and Telephone East Corporation (current: NTT East Corporation) Aug 2006 Joined NTT Communications Corporation (current: NTT Docomo Business, Inc.) Feb 2008 Joined Google K.K. (current: Google LLC) Jan 2014 Director of the Company (current) Jul 2023 General Manager, Corporate Planning Office of the Company Dec 2024 General Manager, Member Success Division of the Company (current)
1979-12-19
Toshimichi NOZAWA
Director
Jul 1996 Joined Recruit Co., Ltd. Oct 1999 Joined DoubleClick K.K. Mar 2003 Joined Google K.K. (current: Google LLC) Nov 2005 Joined ALBA, Inc. Aug 2007 Joined Google K.K. (current: Google LLC) Jun 2014 Joined Freee K.K. Jun 2015 Director of the Company (current) Nov 2016 Outside Director, EM Network Japan Co., Ltd. Dec 2023 Outside Director, Fixstars Corporation
1972-01-07
Tomoki TAKISHIMA
Director
Apr 2003 Joined S Networks Inc. Apr 2010 Executive Officer, S Networks Inc. Aug 2016 Director, Village Vanguard Corporation Jan 2022 Director, Tri Group Co., Ltd. Apr 2024 Joined the Company May 2024 General Manager, Corporate Division of the Company (current) Mar 2025 Director of the Company (current)
1980-04-29
Yasuhiro AIDA
Director
Apr 1984 Joined Sony Corporation (current: Sony Group Corporation) Apr 2001 Joined Sony Communication Network Corporation (current: Sony Network Communications Inc.) Jun 2007 Director and Executive Officer, Sony Communication Network Corporation Jun 2008 Senior Managing Director and Executive Officer, Sony Communication Network Corporation Oct 2021 Established AiTIA Inc.; Representative Director (current) Mar 2022 Director of the Company (current)
1961-08-27
Masaya KUBOTA
Director
Apr 1997 Joined Itochu Corporation Apr 1998 Joined Lehman Brothers Securities Co., Ltd. Nov 2008 Joined Barclays Capital Securities Ltd. (current: Barclays Securities Japan Limited) Sep 2011 Joined SMBC Nikko Securities Inc. Mar 2014 Partner, World Innovation Lab (WiL) Jan 2024 Outside Director, bitbank, Inc. (current) Jun 2024 Outside Director, DeNA Co., Ltd. (current) Mar 2025 Director of the Company (current) Dec 2025 Outside Director, Art to Heritage Inc. (current)
1973-10-28
Noboru ICHIKAWA
Full-time Corporate Auditor
Apr 1978 Joined Osawa & Co., Ltd. Apr 1984 Joined Nippon Chemi-Con Corporation Jun 2013 Full-time Corporate Auditor, Nippon Chemi-Con Corporation Apr 2018 Corporate Auditor, Frontier Consulting Inc. (current) Sep 2020 Full-time Corporate Auditor of the Company (current)
1952-12-16
Daisuke SATO
Corporate Auditor
Apr 2002 Joined JTB Corp. (current: JTB Corp.) Dec 2006 Joined Ohara Publishing Inc. Oct 2008 Joined Shin Nihon & Co. (current: EY ShinNihon LLC) Aug 2015 Joined Itokuro Inc. Nov 2017 Executive Officer, General Manager of Management Administration Division, Itokuro Inc. Mar 2019 Corporate Auditor of the Company (current) Nov 2020 Executive Officer, CFO, Itokuro Inc. Jan 2023 Director, CFO and General Manager of Management Administration Division, Itokuro Inc. (current)
1977-10-07
Saori IGARASHI
Corporate Auditor
Nov 2012 Entered the Legal Training and Research Institute of the Supreme Court of Japan Dec 2013 Registered as attorney-at-law (Dai-Ichi Tokyo Bar Association) Nov 2013 Joined Kuma Hayato Law Office Feb 2015 Joined Nomura Research Institute, Ltd. Nov 2018 Joined freee K.K. Jan 2021 Outside Corporate Auditor, TECRA Inc. Apr 2021 Corporate Auditor of the Company (current) Feb 2022 Outside Corporate Auditor, Vivid Garden Inc. Mar 2023 Full-time Corporate Auditor, Cellid, Inc. Aug 2023 Representative, Hiroo Arisugawa Law Office (current) Oct 2025 Representative, Hiroo Arisugawa Law Office Attorney Corporation (current)
1986-10-29
Large Shareholding Reports
Z Venture Capital Co., Ltd.
2026-08-18
5.64%→3.55%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-08-18
Large Shareholding Report
TDnet
2026-08-12
Q2 Earnings Flash
FY ending Dec 2026
EDINET
2026-08-12
Semi-Annual Securities Report
Period: Jan 2026 – Dec 2026
TDnet
2026-05-14
Q1 Earnings Flash
FY ending Dec 2026
EDINET
2026-03-25
Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-11-13
Q3 Earnings Flash
FY ending Dec 2025
EDINET
2025-08-13
Semi-Annual Securities Report
Period: Jan 2025 – Dec 2025
TDnet
2025-05-14
Q1 Earnings Flash
FY ending Dec 2025
EDINET
2025-03-27
Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-08-13
Semi-Annual Securities Report
Period: Jan 2024 – Dec 2024
EDINET
2024-05-14
Quarterly Securities Report
Period: Jan 2024 – Mar 2024
EDINET
2024-03-27
Annual Securities Report
Period: Jan 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-30
Quarterly Securities Report
Period: Jan 2023 – Mar 2023
EDINET
2023-03-29
Annual Securities Report
Period: Jan 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-12
Quarterly Securities Report
EDINET
2022-05-13
Quarterly Securities Report
EDINET
2022-03-30
Annual Securities Report
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