| Market Cap | JPY 1.52T | |
| Enterprise Value | JPY 1.37T | |
| Revenue | JPY 605.75B | −3.1% |
| Gross Profit | JPY 233.17B | −0.9% |
| EBITDA | JPY 137.10B | −7.7% |
| Net Income | JPY 92.00B | −7.5% |
| Diluted EPS | — | — |
| Free Cash Flow | JPY 118.21B | +27.1% |
| Ratio | 2025 | 2026 | Trend · 2y | vs own |
|---|---|---|---|---|
| ▾Margins | ||||
| Gross Margin | 37.63% | 38.49% | 75% | |
| Operating Margin | 21.70% | 20.23% | 25% | |
| EBITDA Margin | 23.75% | 22.63% | 25% | |
| NOPAT Margin | 15.53% | 14.68% | 25% | |
| Net Margin | 15.91% | 15.19% | 25% | |
| FCF Margin | 14.88% | 19.52% | 75% | |
| OCF Margin | 11.39% | 15.30% | 75% | |
| Gross Profitability | 35.05% | 32.28% | 25% | |
| Capex Intensity | −3.48% | −4.21% | 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 · 3 ratios | ||||
| ▸Capital allocation · 1 ratios | ||||
The five drivers multiply to 19.6% vs reported ROE 20.3%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | JPY 411.87B | JPY 460.83B | JPY 504.92B | JPY 625.27B | JPY 605.75B |
| YoY % | +11.9% | +9.6% | +23.8% | -3.1% | |
| Cost of Revenue | — | — | — | JPY 389.97B | JPY 372.57B |
| YoY % | -4.5% | ||||
| Gross Profit | — | — | — | JPY 235.30B | JPY 233.17B |
| YoY % | -0.9% | ||||
| SG&A Expense | — | — | — | JPY 99.61B | JPY 110.65B |
| YoY % | +11.1% | ||||
| Operating Income | — | — | — | JPY 135.68B | JPY 122.52B |
| YoY % | -9.7% | ||||
| Pretax Income | — | — | — | JPY 139.01B | JPY 126.74B |
| YoY % | -8.8% | ||||
| Income Tax | — | — | — | JPY 39.53B | JPY 34.74B |
| YoY % | -12.1% | ||||
| Net Income (incl. NCI) | — | — | — | JPY 99.47B | JPY 92.01B |
| YoY % | -7.5% | ||||
| Minority Interest (P&L) | — | — | — | JPY 4.0M | JPY 2.0M |
| YoY % | -50.0% | ||||
| Net Income | — | — | — | JPY 99.47B | JPY 92.00B |
| YoY % | -7.5% | ||||
| EPS (Basic) | JPY 244.14 | JPY 304.08 | JPY 371.05 | JPY 511.77 | JPY 486.63 |
| YoY % | +24.6% | +22.0% | +37.9% | -4.9% | |
| EPS (Diluted) | JPY 231.54 | JPY 296.31 | JPY 362.77 | JPY 511.15 | — |
| YoY % | +28.0% | +22.4% | +40.9% |
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.
