Koshidaka Holdings Co Ltd

Koshidaka Holdings maintains a capital structure with total liabilities of ¥30.6 billion and total equity of ¥29.6 billion, resulting in a debt-to-equity ratio of 0.4. The company's liquidity position is characterized by a current ratio of 0.74, indicating a medium liquidity risk. With cash and equivalents of ¥4.91 billion, the company holds a modest liquidity buffer, though net cash is negative after subtracting total debt.

Profitability metrics show a return on equity (ROE) of 4.97% and a return on assets (ROA) of 2.44%. These figures are below the typical thresholds for high-performing firms in the Leisure & Recreation industry, suggesting that the company's returns are moderate relative to its asset base and equity. The operating income of ¥2.2 billion and net income of ¥1.47 billion reflect a gross profit margin of 25.3%, which is in line with industry norms but leaves room for improvement in cost management and pricing power.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the provided data. This lack of segment or geographic diversification may expose the company to higher operational and market risks, particularly in a cyclical industry like Leisure & Recreation. The absence of detailed segment reporting limits the ability to assess the performance of individual business lines or regions.

Looking ahead, the company's growth trajectory is modest. Analysts estimate a mean EPS of ¥91, compared to the last actual EPS of ¥64.01. This suggests a potential EPS growth of approximately 42% in the next reporting period, though the absence of specific revenue growth projections makes it difficult to assess the broader financial implications. The company's revenue of ¥15.8 billion in the latest period provides a baseline for evaluating future performance.

Risk factors include a medium liquidity risk and a negative net cash position after accounting for total debt. The dilution risk is currently low, with no significant dilution potential reported in the basic shares outstanding. However, the company's reliance on a single business model and the cyclical nature of its industry may introduce volatility in earnings and cash flows, particularly during economic downturns.

Recent events and disclosures include analyst estimates that show a mean recommendation of 2.00, indicating a "buy" rating, with one analyst recommending a "buy" and none recommending a "strong buy" or "sell". The absence of recent filings or transcripts limits the ability to assess the company's strategic direction or operational updates in detail.

Revenue grew at a 35.2% CAGR over four years, demonstrating strong top-line expansion momentum.

Free cash flow turned positive in FY2024, reaching 1.09 billion JPY, indicating improved cash generation.

Long-term debt decreased from 16.8 billion JPY in FY2021 to 11.5 billion JPY in FY2025.

Debt-to-equity ratio of 0.4 exceeds the 0.3 cohort median, indicating higher financial leverage risk.

The company faces medium liquidity risk, which could constrain short-term financial flexibility and operations.

Medium credit risk flags suggest potential challenges in maintaining favorable borrowing terms or credit ratings.

Revenue ¥22.58B, +19,4% YoY; Operating income +20,2% YoY.

• ▍Revenue ¥22.58B, +19,4% YoY
• ▍Operating income +20,2% YoY
• ▍Net income +18,2% YoY
• ▍Net margin 14.2%

Revenue ¥16.35B, +8,3% YoY; Operating income −61,2% YoY.

• ▍Revenue ¥16.35B, +8,3% YoY
• ▍Operating income −61,2% YoY
• ▍Net income +41,8% YoY
• ▍Net margin 4.1%

Revenue ¥18.03B, +6,8% YoY; Operating income −149,8% YoY.

• ▍Revenue ¥18.03B, +6,8% YoY
• ▍Operating income −149,8% YoY
• ▍Net income −110,9% YoY
• ▍Net margin -0.8%

Revenue ¥17.35B, +9,8% YoY; Operating income +47,6% YoY.

• ▍Revenue ¥17.35B, +9,8% YoY
• ▍Operating income +47,6% YoY
• ▍Net income +50,5% YoY
• ▍Net margin 12.8%

Revenue ¥18.91B; Operating income ¥3.76B.

• ▍Revenue ¥18.91B
• ▍Operating income ¥3.76B
• ▍Net margin 14.4%

Revenue ¥15.10B; Operating income ¥716.9M.

• ▍Revenue ¥15.10B
• ▍Operating income ¥716.9M
• ▍Net margin 3.1%

Revenue ¥16.88B; Operating income ¥1.35B.

• ▍Revenue ¥16.88B
• ▍Operating income ¥1.35B
• ▍Net margin 8.1%

Revenue ¥15.81B; Operating income ¥2.20B.

• ▍Revenue ¥15.81B
• ▍Operating income ¥2.20B
• ▍Net margin 9.3%

Revenue ¥69.39B, +9,7% YoY; Operating income −14,6% YoY.

• ▍Revenue ¥69.39B, +9,7% YoY
• ▍Operating income −14,6% YoY
• ▍Net income −21,9% YoY
• ▍Free cash flow +6,1% YoY
• ▍Net margin 7.6%

Revenue ¥63.26B, +15,8% YoY; Operating income +29,0% YoY.

• ▍Revenue ¥63.26B, +15,8% YoY
• ▍Operating income +29,0% YoY
• ▍Net income −5,2% YoY
• ▍Free cash flow +203,0% YoY
• ▍Net margin 10.6%

Revenue ¥54.63B, +43,8% YoY; Operating income +660,5% YoY.

• ▍Revenue ¥54.63B, +43,8% YoY
• ▍Operating income +660,5% YoY
• ▍Net income +95,0% YoY
• ▍Free cash flow −140,4% YoY
• ▍Net margin 13.0%

Revenue ¥38.00B, +82,7% YoY; Operating income +109,1% YoY.

• ▍Revenue ¥38.00B, +82,7% YoY
• ▍Operating income +109,1% YoY
• ▍Net income +187,9% YoY
• ▍Free cash flow +93,4% YoY
• ▍Net margin 9.6%