ValueCommerce Co., Ltd.

2491 バリューコマース株式会社

Advertising Agencies · Prime · TSE: Disclosed

PRICE: ¥457 · MKT CAP: ¥9.9B · P/E: 20.3x · P/B: 0.81x · DIV YIELD: 10.7%

PRICE — 5Y

Characteristics & Business Summary

ValueCommerce Co., Ltd. provides marketing solutions in Japan. It operates through three segments: Marketing Solutions Business, EC Solutions Business, and Travel Tech Business. The company provides performance-based advertising. It offers click-based...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Net Sales	33,560	35,708	29,396	30,410	24,169
Operating Profit	7,905	8,249	5,229	4,160	1,971
Ordinary Profit	7,947	8,319	5,217	4,121	1,481
Net Profit	3,260	5,806	3,400	2,855	487
EPS	¥101	¥180	¥105	¥132	¥22
DPS	¥43	¥56	¥53	¥57	¥49

Balance Sheet & Valuation Highlights

Total Assets ¥16B

Net Assets (Equity) ¥12B

Equity Ratio 75.5%

ROE (Return on Equity) 4.1%

Cash & Equivalents ¥11B

Interest-Bearing Debt ¥0B

Capital Expenditure (CapEx) ¥0B

Depreciation & Amort. ¥0B

Major Shareholders

1. Japan Master Trust Bank 8.1%
2. Japan Custody Bank 2.5%
3. State Street Bank and Trust Company 2.0%
4. Citibank, N.A. 2.0%
5. BNP PARIBAS NEW YORK BRANCH FOR TREATY （常任代理人香港上海銀行東京支店） 1.7%
6. Barclays Bank PLC 1.5%
7. Morgan Stanley 1.5%
8. Nomura Trust and Banking Co., Ltd. 1.3%
9. BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC) 1.1%
10. BNY Mellon (Nominee) 1.0%

Activist Activity

Kaname Capital, L.P. 8.71%

2026-06-09 · increase

Kaname Capital, L.P. 6.86%

2026-05-12 · initial_5pct

Arrowstreet Capital, Limited Partnership 3.56%

2026-03-23 · change

Arrowstreet Capital, Limited Partnership 5.32%

2026-01-09 · initial_5pct

Barclays Capital Securities Ltd. 0.63%

2025-10-07 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues per share	¥1,039	¥1,104	¥909	¥1,404	¥1,115
FCF/Share	¥163	¥209	¥107	¥156	¥86
EPS	¥101	¥180	¥105	¥132	¥22
DPS	¥43	¥56	¥53	¥57	¥49
Capital Spending per share	¥4	¥1	¥1	¥4	¥2
Book Value per share	¥507	¥635	¥686	¥582	¥548
Common Shares Outstanding	32M	32M	32M	22M	22M

Financial Aggregates & Margins

Financial Aggregate	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenues (Net Sales)	¥34B	¥36B	¥29B	¥30B	¥24B
Operating Margin (%)	23.6%	23.1%	17.8%	13.7%	8.2%
Net Profit (owners)	¥3B	¥6B	¥3B	¥3B	¥0B
Net Profit Margin (%)	9.7%	16.3%	11.6%	9.4%	2.0%
Working Capital	¥15B	¥19B	¥21B	¥11B	¥11B
Total Debt (Interest-bearing)	¥0B	¥0B	¥0B	¥0B	¥0B
Net Worth (Common Equity)	¥16B	¥21B	¥22B	¥13B	¥12B
Return on Total Assets (ROA)	13.6%	20.6%	12.0%	14.6%	3.0%
Return on Common Equity (ROE)	19.9%	28.3%	15.3%	22.6%	4.1%

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.