KeyHolder Inc

KeyHolder Inc maintains a strong liquidity position, with cash and equivalents amounting to ¥2.48 billion, which is supported by a current ratio of 1.28. The company's price-to-book ratio of 0.74 suggests that the market values the company at a discount to its book value, indicating potential undervaluation. The debt-to-equity ratio of 0.11 reflects a conservative capital structure, with long-term debt at ¥2.16 billion compared to total equity of ¥20.24 billion.

In terms of profitability, KeyHolder Inc reports a return on equity (ROE) of 1.67% and a return on assets (ROA) of 1.19%. These figures are below the industry median for ROE and ROA, suggesting that the company is underperforming relative to its peers in terms of generating returns on equity and assets. The company's operating income of ¥372.42 million and net income of ¥338.80 million indicate a healthy profit margin, but the low ROE suggests that the company is not effectively leveraging its equity to generate higher returns.

KeyHolder Inc's revenue is concentrated in a single business segment, with no disclosed geographic diversification. The company's total revenue of ¥6.86 billion is derived from its core leisure and recreation services. The lack of geographic diversification may expose the company to regional economic fluctuations and regulatory changes, which could impact its revenue stability.

The company's growth trajectory is modest, with a price-to-earnings (P/E) ratio of 44.44 and an enterprise value-to-revenue (EV/Revenue) ratio of 2.15. These ratios suggest that the market is pricing in moderate growth expectations. The company's free cash flow of ¥186.95 million and capital expenditure of ¥22.69 million indicate a focus on maintaining operations rather than aggressive expansion. The company's operating cash flow of -¥50.31 million suggests that it is currently not generating sufficient cash from operations to fund its activities, which may require continued reliance on financing.

KeyHolder Inc's risk assessment indicates low liquidity and dilution risks, with no immediate filing-based liquidity or dilution flags detected. The company's conservative capital structure and strong cash reserves mitigate liquidity concerns. The absence of dilution risks suggests that the company is not planning to issue additional shares in the near term, which is favorable for existing shareholders. The company's low debt levels and strong equity position further support its financial stability.

Recent events and filings do not indicate any significant changes in the company's operations or financial strategy. The company's last actual EPS was 45.56 JPY, and its last actual revenue was ¥35.63 billion, which are in line with its reported financial performance. There are no recent transcripts or filings that suggest a shift in the company's business model or strategic direction.

Revenue grew at a 20.7% CAGR over four years, demonstrating strong top-line expansion momentum.

Free cash flow surged 106.2% year-over-year, indicating significantly improved cash generation capabilities.

Net margin of 4.9% exceeds the 4.8% cohort median, suggesting superior profitability relative to peers.

Debt-to-equity ratio of 0.11 is well below the 0.30 cohort median, reflecting a conservative capital structure.

Low dilution, liquidity, and credit risk flags suggest a stable operational environment with minimal immediate threats.

Cash conversion of -0.15 is significantly worse than the 1.04 cohort median, pointing to poor cash flow quality.

Revenue ¥9.41B, +2,7% YoY; Operating income −74,3% YoY.

• ▍Revenue ¥9.41B, +2,7% YoY
• ▍Operating income −74,3% YoY
• ▍Net income −82,6% YoY
• ▍Free cash flow −60,5% YoY
• ▍Net margin 3.0%

Revenue ¥8.84B, +21,2% YoY; Operating income −25,2% YoY.

• ▍Revenue ¥8.84B, +21,2% YoY
• ▍Operating income −25,2% YoY
• ▍Net income −105,9% YoY
• ▍Free cash flow +130,4% YoY
• ▍Net margin -0.1%

Revenue ¥7.99B, +16,5% YoY; Operating income +30,9% YoY.

• ▍Revenue ¥7.99B, +16,5% YoY
• ▍Operating income +30,9% YoY
• ▍Net income −12,4% YoY
• ▍Free cash flow +195,6% YoY
• ▍Net margin 3.7%

Revenue ¥9.16B; Operating income ¥1.66B.

• ▍Revenue ¥9.16B
• ▍Operating income ¥1.66B
• ▍Net margin 17.5%

Revenue ¥7.78B; Operating income ¥587.3M.

• ▍Revenue ¥7.78B
• ▍Operating income ¥587.3M
• ▍Net margin 5.1%

Revenue ¥7.29B; Operating income ¥189.0M.

• ▍Revenue ¥7.29B
• ▍Operating income ¥189.0M
• ▍Net margin 2.2%

Revenue ¥6.86B; Operating income ¥372.4M.

• ▍Revenue ¥6.86B
• ▍Operating income ¥372.4M
• ▍Net margin 4.9%

Revenue ¥35.63B, +14,6% YoY; Operating income −43,2% YoY.

• ▍Revenue ¥35.63B, +14,6% YoY
• ▍Operating income −43,2% YoY
• ▍Net income −65,7% YoY
• ▍Free cash flow +106,2% YoY
• ▍Net margin 2.4%

Revenue ¥31.09B, +13,0% YoY; Operating income +43,7% YoY.

• ▍Revenue ¥31.09B, +13,0% YoY
• ▍Operating income +43,7% YoY
• ▍Net income +18,3% YoY
• ▍Free cash flow −56,2% YoY
• ▍Net margin 8.0%

Revenue ¥27.51B, +24,7% YoY; Operating income −12,2% YoY.

• ▍Revenue ¥27.51B, +24,7% YoY
• ▍Operating income −12,2% YoY
• ▍Net income +12,6% YoY
• ▍Free cash flow +30,3% YoY
• ▍Net margin 7.7%

Revenue ¥22.06B, +31,4% YoY; Operating income +197,6% YoY.

• ▍Revenue ¥22.06B, +31,4% YoY
• ▍Operating income +197,6% YoY
• ▍Net income +306,9% YoY
• ▍Free cash flow +116,7% YoY
• ▍Net margin 8.5%

Revenue ¥16.79B; Operating income ¥746.3M.

• ▍Revenue ¥16.79B
• ▍Operating income ¥746.3M
• ▍Net margin 2.7%