| Market Cap | JPY 1.77T | |
| Enterprise Value | JPY 2.07T | |
| Revenue | JPY 2.06T | +5.8% |
| Gross Profit | JPY 258.09B | +32.0% |
| EBITDA | JPY 152.18B | +45.6% |
| Net Income | JPY 126.62B | +91.8% |
| Diluted EPS | — | — |
| Free Cash Flow | JPY 140.29B | −27.4% |
| Ratio | 2025 | 2026 | Trend · 2y | vs own |
|---|---|---|---|---|
| ▾Margins | ||||
| Gross Margin | 10.05% | 12.54% | 75% | |
| Operating Margin | 3.65% | 5.77% | 75% | |
| EBITDA Margin | 5.37% | 7.40% | 75% | |
| NOPAT Margin | 2.37% | 3.85% | 75% | |
| Net Margin | 3.40% | 6.15% | 75% | |
| FCF Margin | 9.93% | 6.82% | 25% | |
| OCF Margin | 8.18% | 2.02% | 25% | |
| Gross Profitability | 7.74% | 9.72% | 75% | |
| Capex Intensity | −1.75% | −4.79% | 25% | |
| ▸Returns on Capital · 6 ratios | ||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||
| ▸Earnings quality · 7 ratios | ||||
| ▸Liquidity & coverage · 5 ratios | ||||
| ▸Leverage · 9 ratios | ||||
| ▸Working capital · 1 ratios | ||||
| ▸Capital allocation · 1 ratios | ||||
The five drivers multiply to 13.3% vs reported ROE 13.8%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | JPY 1.48T | JPY 1.93T | JPY 2.01T | JPY 1.94T | JPY 2.06T |
| YoY % | +30.4% | +3.7% | -3.0% | +5.8% | |
| Cost of Revenue | — | — | — | JPY 1.75T | JPY 1.80T |
| YoY % | +2.9% | ||||
| Gross Profit | — | — | — | JPY 195.45B | JPY 258.09B |
| YoY % | +32.0% | ||||
| SG&A Expense | — | — | — | JPY 124.42B | JPY 139.42B |
| YoY % | +12.1% | ||||
| Operating Income | — | — | — | JPY 71.03B | JPY 118.67B |
| YoY % | +67.1% | ||||
| Pretax Income | — | — | — | JPY 108.36B | JPY 193.34B |
| YoY % | +78.4% | ||||
| Income Tax | — | — | — | JPY 37.97B | JPY 64.25B |
| YoY % | +69.2% | ||||
| Net Income (incl. NCI) | — | — | — | JPY 70.39B | JPY 129.09B |
| YoY % | +83.4% | ||||
| Minority Interest (P&L) | — | — | — | JPY 4.37B | JPY 2.47B |
| YoY % | -43.5% | ||||
| Net Income | — | — | — | JPY 66.02B | JPY 126.62B |
| YoY % | +91.8% | ||||
| EPS (Basic) | JPY 64.09 | JPY 66.29 | JPY 23.57 | JPY 94.80 | JPY 186.68 |
| YoY % | +3.4% | -64.4% | +302.2% | +96.9% |
Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
