Operative builders company · M0 · FY ends Jun · Revenue ¥18.84B · 7.83% margin · ¥791M FCF
Operating margin is thin at 7.83%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 0.6% YoY. The question is whether this is cyclical or a structural shift.
Net debt of ¥18.01B represents 22.8x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
¥18.84B
▼ -0.6% YoY
Net Income (TTM)
¥847M
▲ +35.1% YoY
Op. Margin
7.83%
▲ +3.1pp YoY
ROIC
3.83%
▲ +1.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
¥791M
▲ +221.8% YoY
Op. Cash Flow (TTM)
¥3.31B
▲ +110.8% YoY
Net Debt
¥18.01B
Cash & Equiv.
¥2.66B
3Y CAGR: +8.7%
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