Innovation Inc.

3970 株式会社イノベーション

Information & Communication · Growth

PRICE: ¥805 · MKT CAP: ¥2.2B · P/E: — · P/B: 0.75x · DIV YIELD: 5.0%

PRICE — 5Y

Characteristics & Business Summary

Innovation Inc., together with its subsidiaries, engages in the online media business in Japan. It operates through Online Media Business, IT Solution Business, Financial Platform Business, and VC Fund Business segments. The company operates IT Trend, an IT...

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

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Net Sales	3,084	4,380	4,571	4,813	5,344	6,968	7,030
Operating Profit	518	778	343	400	352	-248	130
Ordinary Profit	523	784	346	404	340	-335	—
Net Profit	293	448	63	245	67	-458	25
EPS	¥123	¥187	¥25	¥91	¥25	¥-168	—
DPS	¥0	¥38	¥39	¥40	¥40	¥0	—

Balance Sheet & Valuation Highlights

Total Assets ¥8B

Net Assets (Equity) ¥4B

Equity Ratio 36.9%

ROE (Return on Equity) -15.8%

Cash & Equivalents ¥3B

Interest-Bearing Debt ¥2B

Capital Expenditure (CapEx) ¥0B

Depreciation & Amort. ¥0B

Major Shareholders

1. 富田直人 31.6%
2. NTI 7.3%
3. 株式会社日経ビーピー 5.1%
4. Japan Custody Bank 3.2%
5. Custody Bank of Japan, Ltd. (Trust Account) 3.0%
6. 内藤征吾 2.0%
7. 池原邦彦 2.0%
8. JPMorgan Securities Japan Co., Ltd. 1.8%
9. 遠藤俊一 1.7%
10. 西村裕二 1.7%

Activist Activity

Nikkei BP Inc. 7.27%

2026-03-17 · correction

NIKKEI BP Inc. 0.0%

2026-03-17 · correction

Nikkei BP Inc. 5.07%

2026-03-16 · change

Nikkei BP Inc. 7.27%

2026-03-16 · correction

FindstarGroup Corp. 5.07%

2026-03-13 · initial_5pct

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues per share	¥1,289	¥1,825	¥1,810	¥1,797	¥1,959	¥2,555	—
FCF/Share	¥172	¥194	¥43	¥127	¥16	¥79	—
EPS	¥123	¥187	¥25	¥91	¥25	¥-168	—
DPS	¥0	¥38	¥39	¥40	¥40	¥0	—
Capital Spending per share	¥5	¥1	¥2	¥2	¥11	¥36	—
Book Value per share	¥1,051	¥1,244	¥1,257	¥1,316	¥1,256	¥1,063	—
Common Shares Outstanding	2M	2M	3M	3M	3M	—	—

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Forecast
Revenues (Net Sales)	¥3B	¥4B	¥5B	¥5B	¥5B	¥7B	¥7B
Operating Margin (%)	16.8%	17.8%	7.5%	8.3%	6.6%	-3.6%	1.8%
Net Profit (owners)	¥0B	¥0B	¥0B	¥0B	¥0B	¥-0B	¥0B
Net Profit Margin (%)	9.5%	10.2%	1.4%	5.1%	1.3%	-6.6%	0.4%
Working Capital	¥2B	¥2B	¥2B	¥3B	¥1B	¥1B	—
Total Debt (Interest-bearing)	¥0B	¥0B	¥0B	¥0B	¥3B	¥2B	—
Net Worth (Common Equity)	¥3B	¥3B	¥3B	¥4B	¥3B	¥3B	—
Return on Total Assets (ROA)	9.4%	11.9%	1.7%	5.2%	0.8%	-5.8%	—
Return on Common Equity (ROE)	11.7%	15.0%	2.0%	6.9%	2.0%	-15.8%	—

Business Summary & Analysis

Capital Strategy Targets

No active capital policy disclosure records found.