Findex Inc

Findex Inc maintains a strong liquidity position, with cash and equivalents amounting to ¥2.896 billion, representing 44.2% of total assets. The company operates with no long-term debt, resulting in a debt-to-equity ratio of 0.0 and a current ratio of 5.94, indicating robust short-term financial health. The price-to-book ratio of 3.53 and price-to-tangible-book ratio of 3.53 suggest that the market values the company at a premium to its book value.

In terms of profitability, Findex Inc reports a return on equity (ROE) of 12.23% and a return on assets (ROA) of 9.83%, both exceeding the typical thresholds for the healthcare equipment industry. The company's operating margin of 40.6% (calculated from operating income of ¥862.1 million on revenue of ¥2.125 billion) is significantly higher than the industry median, indicating efficient cost management and strong pricing power.

Geographically, Findex Inc's revenue is primarily concentrated in Japan, with no disclosed international segments. The company's business is not diversified across multiple product lines, as it focuses on healthcare equipment, particularly diagnostic and monitoring solutions. This concentration may expose the company to regional economic and regulatory risks, though no immediate geopolitical threats are flagged in the industry configuration.

Looking ahead, Findex Inc is projected to grow revenue by approximately 23.6% in the next fiscal year, based on analyst estimates of ¥6.25 billion compared to the last actual revenue of ¥6.11 billion. The company's earnings per share (EPS) are also expected to increase, with a mean estimate of ¥54.10 compared to the last actual EPS of ¥50.07. This growth trajectory is supported by the company's strong cash position and lack of debt, which allows for reinvestment and potential expansion.

The risk assessment for Findex Inc indicates low liquidity and dilution risks, with no immediate filing-based flags detected. The company's dilution potential is also low, as there is no indication of recent or planned share issuances that could dilute existing shareholders. The absence of long-term debt and the high current ratio further mitigate financial risk.

Recent events and filings for Findex Inc do not highlight any significant operational or financial disruptions. The company's latest financial results and analyst estimates suggest stable performance and positive expectations for the near term. No major regulatory changes or market shifts have been reported that would significantly impact the company's operations or valuation.

Operating income surged 13.8% year-over-year to JPY 1.73 billion, demonstrating strong top-line momentum and operational efficiency.

The company maintains a zero long-term debt position, eliminating interest expense risks and providing maximum financial flexibility.

Free cash flow grew 19.1% year-over-year to JPY 880.8 million, highlighting robust cash generation capabilities.

Revenue growth decelerated to 4.6% year-over-year in FY2026, suggesting potential saturation or slowing demand in core markets.

Operating income growth slowed to 13.8% in FY2026 compared to higher historical rates, indicating margin expansion challenges.

Net income growth of 8.1% lags behind the 18.6% four-year CAGR, signaling a potential normalization of earnings power.

Revenue ¥1.74B, +13,4% YoY; Operating income +35,3% YoY.

• ▍Revenue ¥1.74B, +13,4% YoY
• ▍Operating income +35,3% YoY
• ▍Net income +22,0% YoY
• ▍Net margin 23.2%

Revenue ¥1.25B, +12,9% YoY; Operating income +29,6% YoY.

• ▍Revenue ¥1.25B, +12,9% YoY
• ▍Operating income +29,6% YoY
• ▍Net income +28,8% YoY
• ▍Net margin 13.5%

Revenue ¥1.17B, +8,6% YoY; Operating income +68,2% YoY.

• ▍Revenue ¥1.17B, +8,6% YoY
• ▍Operating income +68,2% YoY
• ▍Net income +84,0% YoY
• ▍Net margin 9.1%

Revenue ¥1.95B, −8,1% YoY; Operating income −4,5% YoY.

• ▍Revenue ¥1.95B, −8,1% YoY
• ▍Operating income −4,5% YoY
• ▍Net income −10,1% YoY
• ▍Net margin 29.6%

Revenue ¥1.53B; Operating income ¥397.8M.

• ▍Revenue ¥1.53B
• ▍Operating income ¥397.8M
• ▍Net margin 21.6%

Revenue ¥1.10B; Operating income ¥185.3M.

• ▍Revenue ¥1.10B
• ▍Operating income ¥185.3M
• ▍Net margin 11.8%

Revenue ¥1.08B; Operating income ¥78.2M.

• ▍Revenue ¥1.08B
• ▍Operating income ¥78.2M
• ▍Net margin 5.4%

Revenue ¥2.12B; Operating income ¥862.1M.

• ▍Revenue ¥2.12B
• ▍Operating income ¥862.1M
• ▍Net margin 30.3%

Revenue ¥6.11B, +4,6% YoY; Operating income +13,8% YoY.

• ▍Revenue ¥6.11B, +4,6% YoY
• ▍Operating income +13,8% YoY
• ▍Net income +8,1% YoY
• ▍Free cash flow +19,1% YoY
• ▍Net margin 20.6%

Revenue ¥5.84B, +12,5% YoY; Operating income +2,0% YoY.

• ▍Revenue ¥5.84B, +12,5% YoY
• ▍Operating income +2,0% YoY
• ▍Net income +9,8% YoY
• ▍Free cash flow −3,4% YoY
• ▍Net margin 19.9%

Revenue ¥5.19B, +14,3% YoY; Operating income +44,5% YoY.

• ▍Revenue ¥5.19B, +14,3% YoY
• ▍Operating income +44,5% YoY
• ▍Net income +46,5% YoY
• ▍Free cash flow +76,5% YoY
• ▍Net margin 20.4%

Revenue ¥4.54B, −8,6% YoY; Operating income +12,2% YoY.

• ▍Revenue ¥4.54B, −8,6% YoY
• ▍Operating income +12,2% YoY
• ▍Net income +13,6% YoY
• ▍Free cash flow −7,3% YoY
• ▍Net margin 15.9%