| Market Cap | JPY 1.17T | |
| Enterprise Value | JPY 1.22T | |
| Revenue | JPY 1.31T | +0.9% |
| Gross Profit | JPY 424.18B | +0.8% |
| EBITDA | JPY 163.35B | +1.9% |
| Net Income | JPY 75.17B | −8.2% |
| Diluted EPS | — | — |
| Free Cash Flow | JPY 179.08B | +1.0% |
| Ratio | 2024 | 2025 | 2026 | Trend · 3y | vs own |
|---|---|---|---|---|---|
| ▾Margins | |||||
| Gross Margin | 31.21% | 32.41% | 32.40% | 50% | |
| Operating Margin | 7.51% | 8.32% | 8.13% | 50% | |
| EBITDA Margin | 11.59% | 12.35% | 12.48% | 83% | |
| NOPAT Margin | 5.33% | 5.83% | 5.99% | 83% | |
| Net Margin | 6.20% | 6.31% | 5.74% | 17% | |
| FCF Margin | 12.15% | 13.66% | 13.68% | 83% | |
| OCF Margin | 8.49% | 9.19% | 5.98% | 17% | |
| Gross Profitability | 29.64% | 31.61% | 29.71% | 50% | |
| Capex Intensity | −3.67% | −4.48% | −7.70% | 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 9.1% vs reported ROE 9.1%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Revenue | JPY 1.06T | JPY 1.16T | JPY 1.24T | JPY 1.26T | JPY 1.30T | JPY 1.31T |
| YoY % | +9.6% | +7.3% | +1.1% | +3.3% | +0.9% | |
| Cost of Revenue | — | — | — | JPY 864.34B | JPY 877.15B | JPY 885.10B |
| YoY % | +1.5% | +0.9% | ||||
| Gross Profit | — | — | — | JPY 392.19B | JPY 420.61B | JPY 424.18B |
| YoY % | +7.2% | +0.8% | ||||
| SG&A Expense | — | — | — | JPY 297.80B | JPY 312.65B | JPY 317.70B |
| YoY % | +5.0% | +1.6% | ||||
| Operating Income | — | — | — | JPY 94.40B | JPY 107.95B | JPY 106.48B |
| YoY % | +14.4% | -1.4% | ||||
| Pretax Income | — | — | — | JPY 111.48B | JPY 119.97B | JPY 105.02B |
| YoY % | +7.6% | -12.5% | ||||
| Income Tax | — | — | — | JPY 32.42B | JPY 35.87B | JPY 27.67B |
| YoY % | +10.6% | -22.8% | ||||
| Net Income (incl. NCI) | — | — | — | JPY 79.05B | JPY 84.11B | JPY 77.35B |
| YoY % | +6.4% | -8.0% | ||||
| Minority Interest (P&L) | — | — | — | JPY 1.12B | JPY 2.18B | JPY 2.18B |
| YoY % | +94.2% | -0.2% | ||||
| Net Income | — | — | — | JPY 77.93B | JPY 81.92B | JPY 75.17B |
| YoY % | +5.1% | -8.2% | ||||
| EPS (Basic) | JPY 91.92 | JPY 83.17 | JPY 159.19 | JPY 183.48 | JPY 195.93 | JPY 182.70 |
| YoY % | -9.5% | +91.4% | +15.3% | +6.8% | -6.8% |
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.
