| Market Cap | JPY 1.68T | |
| Enterprise Value | JPY 2.83T | |
| Revenue | JPY 8.11T | −11.8% |
| Gross Profit | JPY 754.48B | +9.4% |
| EBITDA | JPY 308.17B | +19.5% |
| Net Income | JPY 171.91B | +65.2% |
| Diluted EPS | — | — |
| Free Cash Flow | JPY 547.30B | −2.8% |
| Ratio | 2025 | 2026 | Trend · 2y | vs own |
|---|---|---|---|---|
| ▾Margins | ||||
| Gross Margin | 7.50% | 9.31% | 75% | |
| Operating Margin | 1.76% | 2.62% | 75% | |
| EBITDA Margin | 2.81% | 3.80% | 75% | |
| NOPAT Margin | 1.14% | 1.95% | 75% | |
| Net Margin | 1.13% | 2.12% | 75% | |
| FCF Margin | 6.13% | 6.75% | 75% | |
| OCF Margin | 5.19% | 4.84% | 25% | |
| Gross Profitability | 14.44% | 14.16% | 25% | |
| Capex Intensity | −0.94% | −1.91% | 25% | |
| ▸Returns on Capital · 6 ratios | ||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||
| ▸Earnings quality · 7 ratios | ||||
| ▸Liquidity & coverage · 6 ratios | ||||
| ▸Leverage · 9 ratios | ||||
| ▸Working capital · 5 ratios | ||||
| ▸Capital allocation · 1 ratios | ||||
The five drivers multiply to 9.5% vs reported ROE 9.4%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | JPY 6.69T | JPY 9.46T | JPY 8.72T | JPY 9.19T | JPY 8.11T |
| YoY % | +41.4% | -7.8% | +5.4% | -11.8% | |
| Cost of Revenue | — | — | — | JPY 8.50T | JPY 7.35T |
| YoY % | -13.5% | ||||
| Gross Profit | — | — | — | JPY 689.41B | JPY 754.48B |
| YoY % | +9.4% | ||||
| SG&A Expense | — | — | — | JPY 527.23B | JPY 542.28B |
| YoY % | +2.9% | ||||
| Operating Income | — | — | — | JPY 162.19B | JPY 212.20B |
| YoY % | +30.8% | ||||
| Pretax Income | — | — | — | JPY 158.36B | JPY 222.14B |
| YoY % | +40.3% | ||||
| Income Tax | — | — | — | JPY 56.35B | JPY 57.04B |
| YoY % | +1.2% | ||||
| Net Income (incl. NCI) | — | — | — | JPY 102.01B | JPY 165.10B |
| YoY % | +61.8% | ||||
| Minority Interest (P&L) | — | — | — | -JPY 2.04B | -JPY 6.81B |
| Net Income | — | — | — | JPY 104.06B | JPY 171.91B |
| YoY % | +65.2% | ||||
| EPS (Basic) | JPY 188.03 | JPY 170.67 | JPY 161.32 | JPY 77.83 | JPY 140.38 |
| YoY % | -9.2% | -5.5% | -51.8% | +80.4% |
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.
