| Market Cap | JPY 857.41B | |
| Enterprise Value | JPY 808.41B | |
| Revenue | JPY 596.48B | +4.3% |
| Gross Profit | JPY 168.33B | +5.1% |
| EBITDA | JPY 94.10B | +7.2% |
| Net Income | JPY 46.62B | −6.8% |
| Diluted EPS | — | — |
| Free Cash Flow | JPY 101.58B | +23.0% |
| Ratio | 2024 | 2025 | 2026 | Trend · 3y | vs own |
|---|---|---|---|---|---|
| ▾Margins | |||||
| Gross Margin | 27.62% | 28.02% | 28.22% | 83% | |
| Operating Margin | 11.76% | 12.08% | 12.78% | 83% | |
| EBITDA Margin | 14.92% | 15.36% | 15.78% | 83% | |
| NOPAT Margin | 8.54% | 8.47% | 9.01% | 83% | |
| Net Margin | 8.90% | 8.75% | 7.82% | 17% | |
| FCF Margin | 13.78% | 14.44% | 17.03% | 83% | |
| OCF Margin | 11.40% | 11.15% | 13.65% | 83% | |
| Gross Profitability | 28.86% | 28.71% | 30.52% | 83% | |
| Capex Intensity | −2.38% | −3.29% | −3.38% | 17% | |
| ▸Returns on Capital · 6 ratios | |||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||
| ▸Earnings quality · 7 ratios | |||||
| ▸Liquidity & coverage · 6 ratios | |||||
| ▸Leverage · 9 ratios | |||||
| ▸Working capital · 3 ratios | |||||
| ▸Capital allocation · 1 ratios | |||||
The five drivers multiply to 14.3% vs reported ROE 14.0%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Revenue | JPY 448.38B | JPY 482.55B | JPY 508.40B | JPY 549.00B | JPY 571.69B | JPY 596.48B |
| YoY % | +7.6% | +5.4% | +8.0% | +4.1% | +4.3% | |
| Cost of Revenue | — | — | — | JPY 397.37B | JPY 411.48B | JPY 428.14B |
| YoY % | +3.6% | +4.1% | ||||
| Gross Profit | — | — | — | JPY 151.64B | JPY 160.21B | JPY 168.33B |
| YoY % | +5.6% | +5.1% | ||||
| SG&A Expense | — | — | — | JPY 87.07B | JPY 91.16B | JPY 92.11B |
| YoY % | +4.7% | +1.0% | ||||
| Operating Income | — | — | — | JPY 64.57B | JPY 69.05B | JPY 76.23B |
| YoY % | +6.9% | +10.4% | ||||
| Pretax Income | — | — | — | JPY 69.19B | JPY 74.15B | JPY 68.95B |
| YoY % | +7.2% | -7.0% | ||||
| Income Tax | — | — | — | JPY 18.94B | JPY 22.13B | JPY 20.36B |
| YoY % | +16.8% | -8.0% | ||||
| Net Income (incl. NCI) | — | — | — | JPY 50.25B | JPY 52.01B | JPY 48.59B |
| YoY % | +3.5% | -6.6% | ||||
| Minority Interest (P&L) | — | — | — | JPY 1.38B | JPY 2.00B | JPY 1.97B |
| YoY % | +45.5% | -1.6% | ||||
| Net Income | — | — | — | JPY 48.87B | JPY 50.01B | JPY 46.62B |
| YoY % | +2.3% | -6.8% | ||||
| EPS (Basic) | JPY 110.51 | JPY 157.69 | JPY 227.11 | JPY 203.28 | JPY 215.00 | JPY 204.91 |
| YoY % | +42.7% | +44.0% | -10.5% | +5.8% | -4.7% |
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.
