Waqoo Inc

Waqoo Inc maintains a strong liquidity position with cash and equivalents amounting to ¥1,494.5 million, which is significantly higher than its total liabilities of ¥1,038.9 million, resulting in a current ratio of 2.98. The company's debt-to-equity ratio of 0.39 indicates a relatively conservative capital structure, with long-term debt of ¥802.2 million compared to total equity of ¥2,045.1 million.

The company's profitability is currently weak, with a net loss of ¥581,000 and an operating income of ¥26.24 million, which is far below the industry's preferred metrics for profitability and return on investment. The return on equity and return on assets are both negative, at -0.03% and -0.02%, respectively, indicating poor capital efficiency and asset utilization.

Waqoo Inc's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no geographic diversification provided in the available data. This lack of diversification may expose the company to higher risks associated with market fluctuations in its primary operating region.

The company's growth trajectory appears to be stagnant, with the most recent actual revenue reported at ¥1,960.9 million, which is significantly lower than the ¥488.46 million reported in the financial snapshot. This discrepancy suggests potential issues with revenue recognition or reporting inconsistencies. The risk assessment indicates low liquidity and dilution risks, with no immediate filing-based flags detected.

Recent events, as reflected in the financial data, show a negative operating cash flow of ¥67.49 million, which may signal underlying operational inefficiencies or increased expenses. The company's financial health is further complicated by the net loss, which could impact its ability to sustain operations without external financing.

Operating margin of 5.4% exceeds the 3.9% median for miscellaneous specialty retailers, indicating superior operational efficiency.

Cash conversion ratio of 116.16% ranks best-in-class compared to the 1.22% cohort median, highlighting strong cash generation.

Debt-to-equity ratio of 0.39 is below the 0.31 cohort median, suggesting a conservative and stable capital structure.

Revenue grew 138.9% year-over-year to JPY 4.68 billion, demonstrating significant top-line expansion momentum.

Low dilution, liquidity, and credit risk flags indicate a stable financial environment with minimal immediate structural threats.

Free cash flow turned negative at JPY -13.1 million in FY2025, reversing the positive trend from prior years.

Return on assets of -0.02% suggests the company is failing to generate profit from its total asset base.

Operating income declined 1.1% year-over-year, signaling stagnation in core operational earnings despite revenue growth.

Revenue ¥407.6M, −0,1% YoY; Operating income +25,9% YoY.

• ▍Revenue ¥407.6M, −0,1% YoY
• ▍Operating income +25,9% YoY
• ▍Net income +34,5% YoY
• ▍Net margin -7.6%

Revenue ¥644.4M, +24,1% YoY; Operating income +52,2% YoY.

• ▍Revenue ¥644.4M, +24,1% YoY
• ▍Operating income +52,2% YoY
• ▍Net income +13,5% YoY
• ▍Net margin 16.4%

Revenue ¥481.7M, −1,7% YoY; Operating income −13,2% YoY.

• ▍Revenue ¥481.7M, −1,7% YoY
• ▍Operating income −13,2% YoY
• ▍Net income −586,4% YoY
• ▍Net margin -0.5%

Revenue ¥427.0M, −12,6% YoY; Operating income −125,8% YoY.

• ▍Revenue ¥427.0M, −12,6% YoY
• ▍Operating income −125,8% YoY
• ▍Net income −1 970,4% YoY
• ▍Net margin -2.8%

Revenue ¥407.8M; Operating income -¥45.5M.

• ▍Revenue ¥407.8M
• ▍Operating income -¥45.5M
• ▍Net margin -11.6%

Revenue ¥519.1M; Operating income ¥120.8M.

• ▍Revenue ¥519.1M
• ▍Operating income ¥120.8M
• ▍Net margin 17.9%

Revenue ¥490.0M; Operating income ¥22.4M.

• ▍Revenue ¥490.0M
• ▍Operating income ¥22.4M
• ▍Net margin 0.1%

Revenue ¥488.5M; Operating income ¥26.2M.

• ▍Revenue ¥488.5M
• ▍Operating income ¥26.2M
• ▍Net margin -0.1%

Revenue ¥1.96B, +0,9% YoY; Operating income +169,0% YoY.

• ▍Revenue ¥1.96B, +0,9% YoY
• ▍Operating income +169,0% YoY
• ▍Net income +353,3% YoY
• ▍Free cash flow −272,6% YoY
• ▍Net margin 2.2%

Revenue ¥1.94B, +12,6% YoY; Operating income +129,8% YoY.

• ▍Revenue ¥1.94B, +12,6% YoY
• ▍Operating income +129,8% YoY
• ▍Net income −161,4% YoY
• ▍Free cash flow −77,9% YoY
• ▍Net margin -0.9%

Revenue ¥1.73B, −36,8% YoY; Operating income +161,4% YoY.

• ▍Revenue ¥1.73B, −36,8% YoY
• ▍Operating income +161,4% YoY
• ▍Net income +149,6% YoY
• ▍Free cash flow +167,8% YoY
• ▍Net margin 1.6%

Revenue ¥2.73B, −41,7% YoY; Operating income −126,6% YoY.

• ▍Revenue ¥2.73B, −41,7% YoY
• ▍Operating income −126,6% YoY
• ▍Net income −149,2% YoY
• ▍Free cash flow −145,2% YoY
• ▍Net margin -2.1%