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Overview

Services

MicroAd,Inc.

MicroAd operates a data platform business centered on its proprietary 'UNIVERSE' suite, which combines a data platform (UNIVERSE DATA PLATFORM) aggregating behavioral and purchase data from 225+ external data partners with an AI-driven programmatic advertising platform (UNIVERSE Ads) to solve marketing challenges for corporate clients across industries including automotive, food & beverage, healthcare, BtoB, finance, and entertainment. The company also provides consulting services including overseas digital marketing support for clients in Asia-Pacific and media monetization consulting for internet media companies. A secondary business line covers digital signage advertising and, through subsidiary cory, BtoB lead generation tools.

Market Cap

¥15.7B

US$100M

¥15.2B

US$96.8M

Stock¥571▼-1.38%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

12.5

LTM EV/EBIT

15.8

LTM PER

22.8

LTM PBR

4.0

Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+5.9%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Aug 17, 26Q3 FY2026/09 earnings announced

MC → EV Bridge

AI Briefing

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

53%

47%

EquityD/E 0.89xDebt

Liquidity vs Debt 5Y (¥B)▲ Net Cash

CashInv. Sec.Debt

Shareholders

Top 10 hold 65.7%

as of 2026-03-31 · Source: Annual Securities Report

CyberAgent,Inc.

48.51%

SWAY Inc.

6.63%

The Master Trust Bank of Japan, Ltd. (Trust Account)

3.37%

Custody Bank of Japan, Ltd. (Trust Account)

1.40%

Kentaro WATANABE

1.19%

MORGAN STANLEY & CO. LLC (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)

1.03%

Takeshi YAMANAKA

1.01%

Japan Securities Finance Co.,Ltd.

0.86%

MicroAd,Inc. Employee Stock Ownership Association

0.84%

BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC; Standing Proxy: MUFG Bank, Ltd.)

0.84%

Management

6 officers

Kentaro WATANABE

Representative Director, President and Executive Officer

Apr 1997 Joined Otsuka Shokai Co., Ltd. Mar 1999 Joined CyberAgent, Inc. Jul 1999 Head of Osaka Branch, CyberAgent, Inc. Oct 2003 Head of Blog Click Business, CyberAgent, Inc. Oct 2005 General Manager, Ameba Business Division, CyberAgent, Inc. Dec 2006 Director, CyberAgent, Inc. Jul 2007 Founded MicroAd, Inc.; Representative Director, President Oct 2022 Representative Director, President and Executive Officer, MicroAd, Inc. (current)

1974-01-16

Hiroyuki TANAKA

Director, Executive Vice President and Executive Officer

Apr 2002 Joined TIS Inc. Aug 2004 Joined CyberAgent, Inc. Sep 2005 Manager, Blog Click Business Division, CyberAgent, Inc. Jul 2007 Founded MicroAd, Inc.; Director Dec 2012 Managing Director, MicroAd, Inc. Oct 2022 Director, Executive Vice President and Executive Officer, MicroAd, Inc. (current)

1978-08-04

Yoshiki ENOHARA

Director, Executive Vice President and Executive Officer

Apr 1997 Joined Sakura Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Jan 2001 Joined CyberAgent, Inc. Apr 2009 Founded Cowbell Inc.; Representative Director Jun 2011 Joined MicroAd, Inc. Jun 2011 Director, PT. MicroAd Indonesia Oct 2013 Director, PT. MicroAd BLADE Indonesia Oct 2017 Executive Officer, MicroAd, Inc. Dec 2018 Director, MicroAd, Inc. Oct 2022 Director, Executive Vice President and Executive Officer, MicroAd, Inc. (current) May 2025 Representative Director, IZULCA Inc. (current)

1974-07-13

Naoyo MORIMITSU

Director (Full-time Audit and Supervisory Committee Member)

Apr 1985 Joined Nikko Securities Co., Ltd. (now SMBC Nikko Securities Inc.) Apr 2003 General Manager, First Corporate Department, Nikko Securities Co., Ltd. Apr 2016 Seconded to Sumitomo Mitsui Banking Corporation Apr 2018 Returned to SMBC Nikko Securities Inc.; Assistant General Manager, Corporate Public Offering and Investment Banking Division Apr 2020 Transferred to SBI Securities Co., Ltd.; General Manager, Corporate Division II Apr 2022 Senior General Manager, Corporate Finance Division, SBI Securities Co., Ltd. Aug 2025 Resigned from SBI Securities Co., Ltd. Dec 2025 Director (Audit and Supervisory Committee Member), MicroAd, Inc. (current)

1961-12-27

Nozomu YACHIDATE

Director (Audit and Supervisory Committee Member)

Apr 1996 Joined Monitor Company, Inc. (now Monitor Deloitte) Aug 1999 Joined CyberAgent, Inc. Sep 1999 Corporate Auditor, CyberAgent, Inc. Mar 2006 Corporate Auditor, Calling Inc. Mar 2010 Corporate Auditor, Ceres, Inc. Mar 2015 Retired as Corporate Auditor, Ceres, Inc.; left the company Feb 2019 Joined Ceres, Inc. (current) Mar 2020 Corporate Auditor, MicroAd, Inc. Dec 2021 Director (Audit and Supervisory Committee Member), MicroAd, Inc. (current)

1971-09-14

Nao MIYAZAWA

Director (Audit and Supervisory Committee Member)

Apr 2005 Joined Pia Corporation Sep 2016 Registered as attorney; opened TF Law Office Feb 2018 Opened OMM Law Office; Director, S-Pool, Inc. (current) Jun 2020 Joined Mercedes-Benz Financial Services Japan K.K. Sep 2020 TFR Law Office (current) Oct 2020 Corporate Auditor, MicroAd, Inc. May 2021 Corporate Auditor, Giftmall Co., Ltd. (current) Dec 2021 Director (Audit and Supervisory Committee Member), MicroAd, Inc. (current) Dec 2021 Joined Daimler Truck Financial Services Asia Co., Ltd.

1982-05-25

Large Shareholding Reports

ARENA HOLDINGS MANAGEMENT LLC

2026-08-10

11.41%

CyberAgent, Inc.

2026-07-23

49.91%→44.33%

Annual report (as of 2026-03-31): 48.51%

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-08-14

Q3 Earnings Flash

FY ending Sep 2026

MicroAd,Inc.

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MicroAd,Inc.

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