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DONUTS
DONUTS is a Japanese tech company founded by 西村啓成 in 2007, operating cloud HR, gaming, live-streaming, and healthcare businesses.
DONUTS
西村啓成 and 根岸 co-founded the company in February 2007 after leaving DeNA, starting with systems integration before pivoting to consumer and enterprise services. DONUTS is headquartered in Tokyo's Shibuya ward and operates as a self-capitalized entity with no disclosed external investors. The firm's four main business lines are cloud services (the Jobcan series covering attendance, payroll, accounting, and workflow), gaming (titles such as "暴走列伝 単車の虎", "Tokyo 7th シスターズ", and "機兵とドラゴン"), video and live streaming (the MixChannel app, rebranded from MixChannel in 2020), and healthcare (the CLIUS cloud-based electronic medical record system). It also has a publishing media business, including the fashion magazine "Ray". The Jobcan series passed 250,000 cumulative corporate subscribers (per the firm, as of 2025). Geographic reach spans Japan, Thailand, Vietnam, and South Korea through direct offices. As of April 2026, DONUTS reported 857 full-time employees and standalone revenue of ¥18.18 billion (approx. $120 million) for the fiscal year ended March 2025. Additional offices include Kyoto, Osaka, Kochi, Niigata, Fukuoka, Sapporo, Akita, Bangkok, and Seoul. October 2024: The company launched a short-form vertical drama app called "タテドラ". DONUTS maintains a diversified but internally-funded structure rare among Japanese tech companies, allocating capital across four distinct verticals without taking outside equity. Its growth has come through organic expansion and bolt-on acquisitions—such as the purchase of Bizsoft Co., Ltd. in 2021—rather than venture funding or a public listing.
General information
Firm type
other
Year founded
2007
AUM
Undisclosed
Location
Region
Asia
Country
Japan
City
Tokyo
Corporate office
Tokyo, Japan
Additional offices
Kyoto · Osaka · Kochi · Niigata · Fukuoka · Sapporo · Akita · Bangkok · Seoul
Principals
西村 啓成
代表取締役
Sector focus
Frequently asked questions
Who runs investment decisions at DONUTS?
西村啓成 serves as the representative director (代表取締役) and leads the company. He and co-founder 根岸, both former DeNA employees, set the strategic direction. The firm has no disclosed CIO or dedicated investment committee separate from its executive management.
How does DONUTS fund its operations and growth?
DONUTS operates on a self-capitalized (自己資本) basis, reinvesting operating profits from its four business lines into new ventures and acquisitions. It has not disclosed any venture capital or private equity funding rounds and remains unlisted.
What investment stages or types does DONUTS target?
DONUTS does not function as an investment firm. It builds and operates its own products internally across cloud services, gaming, media, and healthcare. It also acquires companies—such as Bizsoft Co., Ltd. in 2021—and forms joint ventures, but these are operational integrations rather than portfolio investments.
Does DONUTS have a single-family office or multi-family office structure?
No. DONUTS is an operating company, not a family office. Its structure is a joint-stock corporation (kabushiki gaisha) with founders as managers. It has no disclosed wealth management or allocator function for external families.
Where does the underlying wealth at DONUTS come from?
The company's founding capital was ¥77.7 million, contributed by the two co-founders. Revenue is generated entirely from product sales and subscriptions across its operating businesses. No external family or endowment wealth is involved.
Which sectors does DONUTS explicitly avoid?
DONUTS has not publicly stated any exclusions. Its current portfolio covers cloud enterprise software, mobile gaming, social video, electronic medical records, and fashion publishing—indicating a wide, consumer- and SME-facing scope with no specific sector avoidance.
How is DONUTS related to its group companies?
DONUTS lists multiple group subsidiaries, including Donuts Bangkok Co., Ltd., Donuts Hanoi Co., Ltd., and VARREL (an esports company, renamed from DONUTS USG in 2023). It also has stakes in entities like ANYLAND (fan club operations) and a joint label with Twin Planet and Inkstoenter. These are majority-owned or controlled affiliates.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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