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Services-computer processing & data preparation company · E9 · FY ends Dec · Revenue ¥215M · -19.05% margin · -¥43M FCF
The business is unprofitable at the operating level (-19.05% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 9.9%, steady but not accelerating.
Negative free cash flow of -¥43M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
¥215M
▲ +9.9% YoY
Net Income (TTM)
-¥35M
▲ +57.1% YoY
Op. Margin
-19.05%
▲ +24.7pp YoY
ROIC
-7.03%
▲ +8.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-¥43M
▼ -257.5% YoY
Op. Cash Flow (TTM)
-¥15M
▼ -329.4% YoY
Net Debt
¥206M
Cash & Equiv.
¥60M
5Y CAGR: +1.6%
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