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Fonfun Corporation (2323) AI Stock Analysis
Fonfun Corporation
(TSE/TYO:2323)
The score is driven primarily by improving profitability and rapid growth, tempered by higher leverage and unclear/weak latest free-cash-flow visibility. Technical signals are generally supportive, and valuation appears reasonable based on the provided P/E, though lack of dividend data limits valuation support.
Fonfun Corporation (2323) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 6.43B
- Dividend Yield
- ―
- Average Volume (3M)
- 75.88K
- Price to Earnings (P/E)
- 14.9
- Beta (1Y)
- 0.92
- Revenue Growth
- 72.29%
- EPS Growth
- 130.05%
- Country
- Japan
- Employees
- 273
- Sector
- General
- Sector Strength
- 55
- Industry
- Information Technology Services
Fonfun Corporation Business Overview & Revenue Model
Company Description
Fonfun Corporation provides a comprehensive suite of internet-based services, primarily designed for mobile platforms. Their diverse offerings cater to various business and personal needs, encompassing: Remote Access and Productivity Tools: Remote Ma...
Fonfun Corporation Financial Statement Overview
Summary
Strong revenue growth and a clear shift from losses (2022) to solid profitability (2024–2026) support a positive view. However, rising leverage (debt-to-equity around ~1.0x in 2025 vs ~0.4x in 2024) and weaker/unclear free-cash-flow quality in 2026 (FCF reported as 0) reduce confidence and add risk.
Income Statement
78PositiveBalance Sheet
62PositiveCash Flow
55Neutral| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 411.12M | 1.27B | 2.11B | 699.74M | 393.09M | 556.32M |
| Gross Profit | 148.19M | 489.66M | 832.65M | 407.59M | 217.74M | 357.00M |
| EBITDA | 34.18M | 159.88M | 400.42M | 91.89M | 62.23M | 27.05M |
| Net Income | 92.75M | 169.35M | 424.80M | 68.15M | 18.91M | -17.11M |
Balance Sheet | ||||||
| Total Assets | 2.15B | 2.15B | 3.29B | 1.01B | 939.38M | 950.09M |
| Cash, Cash Equivalents and Short-Term Investments | 711.06M | 711.06M | 830.06M | 677.93M | 533.21M | 614.27M |
| Total Debt | 976.14M | 976.14M | 1.34B | 249.28M | 327.44M | 315.21M |
| Total Liabilities | 1.19B | 1.19B | 1.87B | 386.79M | 389.35M | 396.88M |
| Stockholders Equity | 957.32M | 957.32M | 1.41B | 621.73M | 550.03M | 553.20M |
Cash Flow | ||||||
| Free Cash Flow | 0 | 185.25M | 0 | 173.76M | 105.47M | 24.74M |
| Operating Cash Flow | 0 | 190.53M | 251.18M | 175.98M | 108.33M | 31.53M |
| Investing Cash Flow | 0 | -1.22B | -472.05M | 288.05M | -164.93M | -133.86M |
| Financing Cash Flow | 0 | 875.50M | 339.87M | -89.27M | 26.83M | 74.15M |
Fonfun Corporation Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2323, the sentiment is Negative. The current price of 306.00 is below the 20-day moving average (MA) of 329.45, below the 50-day MA of 332.58, and below the 200-day MA of 340.93, indicating a bearish trend. The MACD of -6.80 indicates Positive momentum. The RSI at 37.60 is Neutral, neither overbought nor oversold. The STOCH value of 27.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2323.
Fonfun Corporation Peers Comparison
Overall Rating
JP:444272Outperform- JP:232369Neutral
JP:367655Neutral
JP:365753Neutral
JP:481348Neutral
JP:525545Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:4442 | 72Outperform | JPY 9.77B | 22.00 | ― | 0.87% | 9.86% | -35.09% |
| JP:2323 | 69Neutral | JPY 6.50B | 14.88 | ― | ― | 72.29% | 130.05% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| JP:3676 | 55Neutral | JPY 22.73B | 21.78 | ― | 2.47% | 0.26% | 22.01% |
| JP:3657 | 53Neutral | JPY 12.02B | -4.53 | ― | 4.71% | -10.31% | -194.96% |
| JP:4813 | 48Neutral | JPY 14.42B | -10.79 | ― | ― | 24.78% | 83.28% |
| JP:5255 | 45Neutral | JPY 4.33B | -31.42 | ― | ― | -1.67% | 98.41% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:2323 | Fonfun Corporation | 306.00 | 39.67 | 14.89% | |
| JP:3657 | Pole To Win Holdings.Inc. | 340.00 | 24.72 | 7.84% | |
| JP:3676 | DIGITAL HEARTS HOLDINGS Co., Ltd. | 1051.00 | 105.03 | 11.10% | |
| JP:4442 | VALTES HOLDINGS CO. LTD. | 460.00 | 18.89 | 4.28% | |
| JP:4813 | Access Co., Ltd. | 365.00 | -178.00 | -32.78% | |
| JP:5255 | Monstarlab Holdings Inc. | 67.00 | -96.00 | -58.90% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 17, 2026