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Services-computer programming, data processing, etc. company · M0 · FY ends Mar · Revenue ¥676M · -79.07% margin · -¥291M FCF
The business is unprofitable at the operating level (-79.07% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 2.5% YoY. The question is whether this is cyclical or a structural shift.
Negative free cash flow of -¥291M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
¥676M
▼ -2.5% YoY
Net Income (TTM)
-¥535M
▲ +19.2% YoY
Op. Margin
-79.07%
▲ +15.0pp YoY
ROIC
—
Cash Flow & Balance Sheet
FCF (TTM)
-¥291M
▲ +9.3% YoY
Op. Cash Flow (TTM)
-¥283M
▲ +10.7% YoY
Net Debt
-¥111M
Net Cash Position
Cash & Equiv.
¥112M
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