October 2026
Largest Social Networks Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
LY Corporation, mixi, DeNA, IBJ Inc. and Wantedly.
 | 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 | +11% | $23B | $34B | 2.6x | 11.4x | ||
| mixi Inc is a Japanese company that provides social networking services. The company conducts its business activities mainly through the operation of websites and the provision of native smartphone games on the Internet. Its business segments include the Digital Entertainment Business, Sports Business, Lifestyle Business, and Investment Business. Mixi provides games mainly including native smartphone games through the Entertainment Business, and operates business-to-consumer and consumer-to-consumer services utilizing the Internet and invests in operating companies of these services through the Media Platform Business. | $24 | +18% | $1.6B | $974M | 0.9x | 4.5x | ||
| DeNA is a Japanese internet, games and sports company headquartered in Shibuya, Tokyo. Founded in 1999 by Tomoko Namba, it started with the online auction site Bidders, listed on the Tokyo Stock Exchange in 2005 and built the Mobage mobile gaming platform, which had 20.5 million users and ¥48 billion of digital goods sales by 2010. It later developed mobile games with partners such as Nintendo, including Super Mario Run and Pokémon Masters, and in 2022 formed the joint venture Nintendo Systems with Nintendo. It also runs e-commerce services such as DeNA Shopping. In sport it bought the Yokohama BayStars baseball club from TBS Holdings, renaming it the Yokohama DeNA BayStars in 2012, and acquired the B.League basketball team Kawasaki Brave Thunders in 2018. DeNA earns revenue from game and in-app item sales, e-commerce, advertising, and ticketing, sponsorship and merchandise at its sports teams. Through corporate venture investments it also backs Japanese startups such as ALGO ARTIS, Justincase and the AI character startup Shizuku AI. | $16 | -9% | $1.5B | $982M | 1.1x | 5.7x | ||
| IBJ Inc operates marriage consultation business in Japan. | $6 | +12% | $222M | $237M | 1.9x | 9.0x | ||
| Wantedly Inc develops a social-networking service for business professionals. | $6 | -18% | $58M | $15M | 0.5x | 1.4x | ||
| 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 | -30% | $55M | - | - | - | ||
| Median | $6 | +1% | $855M | $974M | 1.1x | 5.7x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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