| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | JPY 2.34T | +37.0% |
| Gross Profit | JPY 1.01T | +77.9% |
| EBITDA | JPY 1.18T | +54.9% |
| Net Income | JPY 554.49B | +103.6% |
| Diluted EPS | JPY 1009.15 | +95.8% |
| Free Cash Flow | JPY 897.60B | +28.2% |
| Ratio | 2025 | 2026 | Trend · 2y | vs own |
|---|---|---|---|---|
| ▾Margins | ||||
| Gross Margin | 33.37% | 43.33% | 75% | |
| Operating Margin | 26.47% | 37.23% | 75% | |
| EBITDA Margin | 44.77% | 50.62% | 75% | |
| NOPAT Margin | 19.45% | 26.33% | 75% | |
| Net Margin | 15.96% | 23.72% | 75% | |
| FCF Margin | 41.04% | 38.40% | 25% | |
| FCFF Margin | 44.71% | 41.32% | 25% | |
| OCF Margin | 27.92% | 26.37% | 25% | |
| Gross Profitability | 19.50% | 27.45% | 75% | |
| Capex Intensity | −13.12% | −12.02% | 75% | |
| ▸Returns on Capital · 6 ratios | ||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||
| ▸Earnings quality · 7 ratios | ||||
| ▸Liquidity & coverage · 9 ratios | ||||
| ▸Leverage · 9 ratios | ||||
| ▸Working capital · 8 ratios | ||||
| ▸Capital allocation · 1 ratios | ||||
| ▸Other · 1 ratios | ||||
The five drivers multiply to 44.3% vs reported ROE 51.9%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | JPY 1.53T | JPY 1.28T | JPY 1.08T | JPY 1.71T | JPY 2.34T |
| YoY % | -16.0% | -16.0% | +58.5% | +37.0% | |
| Cost of Revenue | — | — | — | JPY 1.14T | JPY 1.32T |
| YoY % | +16.5% | ||||
| Gross Profit | — | — | — | JPY 569.43B | JPY 1.01T |
| YoY % | +77.9% | ||||
| SG&A Expense | — | — | — | JPY 127.85B | JPY 146.58B |
| YoY % | +14.6% | ||||
| Operating Income | — | — | — | JPY 451.75B | JPY 870.37B |
| YoY % | +92.7% | ||||
| Interest Expense | — | — | — | JPY 85.33B | JPY 96.71B |
| YoY % | +13.3% | ||||
| Interest & Investment Income | — | — | — | JPY 3.71B | JPY 9.50B |
| YoY % | +156.2% | ||||
| Equity Method Income | — | — | — | JPY 542.0M | JPY 935.0M |
| YoY % | +72.5% | ||||
| Pretax Income | — | — | — | JPY 370.67B | JPY 784.10B |
| YoY % | +111.5% | ||||
| Income Tax | — | — | — | JPY 98.35B | JPY 229.60B |
| YoY % | +133.5% | ||||
| Net Income (incl. NCI) | — | — | — | JPY 272.32B | JPY 554.50B |
| YoY % | +103.6% | ||||
| Minority Interest (P&L) | — | — | — | JPY 6.0M | JPY 6.0M |
| YoY % | 0.0% | ||||
| Net Income | — | — | — | JPY 272.31B | JPY 554.49B |
| YoY % | +103.6% | ||||
| EPS (Basic) | JPY 204.68 | -JPY 266.94 | -JPY 470.97 | JPY 519.96 | JPY 1024.07 |
| YoY % | +97.0% | ||||
| EPS (Diluted) | JPY 202.12 | -JPY 266.94 | -JPY 470.97 | JPY 515.45 | JPY 1009.15 |
| YoY % | +95.8% |
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.
