Major investors are Polaris Capital Group (60.99%), Fuji Media Holdings (13.21%), Increment P (8.64%), Ekitan (5.87%). Toshiba (4.73%) and five board members (6.56%).
Ekitan started in 1997 as an internal venture of Toshiba and was spun off as a 100% subsidiary in 2003 January. At the end of October of 2007, Polaris and management of Ekitan conducted MBO.
Ekitan Mobile has 851,657 paid-users and 1,751,579 free users. The revenue of a fiscal year ending March 2010 is 2,429 million yen, and the operating profit is 511 million yen.
Venture Now 1/27/2011
- There are some competitors in train route search service, such as Jorudan or NaviTime. Jorudan has already got IPO.