April 2026
📣 VC round data is live. Check it out!
Largest Online Content & News Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
LY Corporation, M3 Inc., Kadokawa, Kakaku.com and Weathernews.
 | LY is a leading Japanese internet services conglomerate. Its main services are Yahoo Japan, the oldest portal site in Japan that offers a wide variety of services, such as news, e-commerce, financial information, and Line, a national messenger application. In 2019, the company acquired Zozo, a leading online apparel retailer, to grow its e-commerce business. In 2022, LY consolidated with its wholly owned subsidiary PayPay, the most popular QR code payment service in Japan. | $3 | -19% | $18B | $23B | 1.8x | 7.2x | ||
| M3 Inc is a Japan-based company engaged in providing medical-related services through internet-based platforms and real-world operations. The company operates six reportable segments: Medical Platform, Evidence Solutions, Career Solutions, Site Solutions, Patient Solutions, and Overseas. Its businesses include online marketing for medical professionals, clinical trial support, human resources services for medical professionals, operational support for medical institutions, and patient support services. The Overseas segment offers similar services internationally, including in the United States, the United Kingdom, China, South Korea, India, France, Germany, and Spain. | $10 | -26% | $6B | $5B | 3.0x | 10.9x | ||
| Kadokawa Corp is a Japan based publisher and digital content platform provider. It is involved in various businesses such as publishing, film, publishing rights, digital contents, planning, development and operation of network entertainment service, and contents and operation of video- sharing website. | $23 | +2% | $3B | $3B | 1.4x | 15.8x | ||
| Kakaku.com Inc. is a Japan-based internet company operating various web services. The company operates through four segments. The Incubation Business includes real estate and housing site Smity, travel review site Fort Travel, movie information site Movie.com, automotive site web CG, dynamic package systems, and the bus comparison site Bus Comparison Navi. The Job Box Business operates the job search site Job Box and job information site Jobcube. The Kakaku.com Business operates the purchasing support site Kakaku.com and engages in insurance services through Kakaku.com Insurance Co., Ltd. The Tabelog Business operates the restaurant search and reservation site Tabelog. It generates the majority of its revenue from the Tabelog business segment. | $16 | +6% | $3B | $3B | 5.6x | 13.4x | ||
| Weathernews Inc is engaged in the provision of weather information content services in Japan. It offers services for logistics, transportation, distribution and theme parks. Its services include mobile content service, aviation industry content service, voyage planning content service, and ocean and off-shore content service, among others. | $13 | +4% | $578M | $472M | 3.0x | 14.5x | ||
| m-up holdings Inc is engaged in Content business, e-commerce business, electronic ticket business, other businesses. It is involved in the official fan site management; entertainment website management; management of music/video distribution site; e-book label management; production of digital contents; and application creation for smartphones. The company also engages in fan club Website operation; YouTube channel construction; and Website creation. | $5 | -30% | $327M | $259M | 1.5x | 9.2x | ||
| ITmedia Inc is a Japan-based company engages in the provision of information and services related to technology and business fields. | $10 | -1% | $194M | $157M | 3.0x | 11.0x | ||
| PR TIMES Corp provides news release distribution services in Japan and internationally. The company operates platform business, which connects companies and consumers with news. Its company users use PR TIMES in news spreading, such as publish of new products and services, notice of events and campaign, and performance trends release to get a high return on investment. It offers PR strategy/tactics planning, media/SNS planning design, and content creation promotion, as well as press release distribution services. | $13 | -8% | $182M | $129M | 2.5x | 10.9x | ||
| Kamakura Shinsho Ltd operates portal sites in Japan. The firm publishes and lectures to communicate knowledge on funerals, altar, tombs, temples. It offers portal sites that gives information on funerals; and responds to various consultations by telephone and e-mails, as well as a mobile search with GPS functions to search the funeral companies and centers. The company also operates sites that offers information on joint funerals and farewell party; family funeral knowledge and family funeral expenses; introduction of expenses to direct funeral and cremation ceremonies. In addition, it operates sites for funeral and funeral night wear, and legal flowers. Further, the company operates sites that offers information on Buddhist altar/Buddhist information; Buddha statues and Buddhist teachers. | $3 | +1% | $122M | $95M | 1.8x | 9.2x | ||
| Cookpad Inc is a Japanese Internet company that specializes in the sharing of user-created food recipes. The company operates Cookpad, Japan's largest recipe-sharing site, which allows users to upload and browse recipes. While the Cookpad site is the company's largest segment, it also offers various services to its online users, such as professional recipes, discussion boards, cooking lessons, weight-loss advice, and home food-delivery services. In 2014, the company expanded outside of Japan, where it still generates the majority of its revenue. Cookpad now also operates in Indonesia, the Philippines, South America, the United States, and the United Kingdom. | $1 | -25% | $63M | ($8M) | (0.2x) | (1.0x) | ||
| Beaglee Inc is a comic publishing company. It is engaged in content platform business which includes comic distribution services. It also provides cloud funding service. | $8 | +0% | $45M | $36M | 0.3x | 2.3x | ||
| Minkabu The Infonoid Co Ltd is engaged in the media and information solution services business. It operates through two primary segments: the Media Business and the Solutions Business. The Media Business centers on the Livedoor platform, offering both user- and professionally generated content through services such as Livedoor Blog, Livedoor News, MINKABU, and specialized media like Kstyle and MINKABU Choice. It earns revenue from advertising, paid services, and contracted production. The Solutions Business provides information solutions for financial institutions, including systems built with proprietary APIs and applications. It also manages Kabutan, a stock information service, generating income from setup fees, system development, and subscription-based services. | $3 | -29% | $41M | $85M | 1.2x | (17.3x) | ||
| All About Inc is engaged in the technology business. The company provides Internet advertising services. It offers editorial advertising, ad impressions, and ad traffic services. | $2 | +9% | $33M | $24M | 0.2x | 9.5x | ||
| Median | $8 | -1% | $194M | $157M | 1.8x | 9.5x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Recent Insights
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.