Lancers Inc

Lancers Inc maintains a strong liquidity position, with cash and equivalents amounting to ¥1,877,708,000, significantly exceeding its total liabilities of ¥2,335,861,000, resulting in a current ratio of 1.54. The company's price-to-book ratio of 3.74 and price-to-tangible-book ratio of 3.74 suggest a premium valuation relative to its book value, while the price-to-earnings ratio of 42.42 indicates a relatively high multiple for earnings.

In terms of profitability, Lancers Inc reported a net income of ¥104,089,000 and an operating income of ¥51,487,000, translating to a return on equity of 8.81% and a return on assets of 2.96%. These figures are below the industry median for employment services, suggesting that the company's profitability is not outperforming its peers.

The company's revenue is concentrated in its core employment services segment, with no disclosed geographic diversification in the provided data. This lack of geographic segmentation implies a potential concentration risk, as the company's performance is closely tied to the Japanese market.

Looking ahead, Lancers Inc is projected to experience a modest growth trajectory, with the current fiscal year's revenue expected to remain stable. The company's capital expenditure of -¥95,048,000 indicates a reduction in investment, which may signal a strategic shift or a focus on cost optimization.

The risk assessment for Lancers Inc indicates a low level of liquidity and dilution risk, with no immediate filing-based flags detected. The company's debt-to-equity ratio of 0.56 suggests a conservative capital structure, and the absence of dilution potential in the basic shares outstanding implies a stable equity base.

Recent events, as reflected in the financial snapshot, show that Lancers Inc's last actual EPS was ¥10.89, and its last actual revenue was ¥4,589,140,000. These figures align with the company's reported financials, indicating consistency in its earnings and revenue performance.

Net income surged 59.2% year-over-year to 176.9 million JPY in fiscal 2025, demonstrating strong profitability recovery.

Free cash flow improved by 69.6% to 286.3 million JPY, indicating significantly enhanced cash generation capabilities.

Cash conversion ratio of 3.04 is well above the peer median of 1.16, suggesting high earnings quality.

Revenue growth stalled at just 0.3% year-over-year, signaling limited top-line expansion potential in the current market.

Operating margin of 4.3% trails the cohort median of 5.1%, indicating weaker operational efficiency compared to peers.

Debt-to-equity ratio of 0.56 is significantly higher than the peer median of 0.19, implying greater financial leverage risk.

Gross profit declined to 2.05 billion JPY in fiscal 2025, down from 2.20 billion JPY in the prior year.

Return on invested capital of 2.8% remains low, suggesting modest value creation relative to capital employed.

Revenue ¥1.44B, +25,1% YoY; Operating income +56,1% YoY.

• ▍Revenue ¥1.44B, +25,1% YoY
• ▍Operating income +56,1% YoY
• ▍Net income +127,2% YoY
• ▍Net margin 2.8%

Revenue ¥1.30B, +14,2% YoY; Operating income +29,2% YoY.

• ▍Revenue ¥1.30B, +14,2% YoY
• ▍Operating income +29,2% YoY
• ▍Net income +74,8% YoY
• ▍Net margin 2.9%

Revenue ¥1.18B, +6,2% YoY; Operating income −61,4% YoY.

• ▍Revenue ¥1.18B, +6,2% YoY
• ▍Operating income −61,4% YoY
• ▍Net income −80,2% YoY
• ▍Net margin 0.4%

Revenue ¥1.18B, −2,2% YoY; Operating income −47,6% YoY.

• ▍Revenue ¥1.18B, −2,2% YoY
• ▍Operating income −47,6% YoY
• ▍Net income +6,9% YoY
• ▍Net margin 9.4%

Revenue ¥1.15B; Operating income ¥32.1M.

• ▍Revenue ¥1.15B
• ▍Operating income ¥32.1M
• ▍Net margin 1.6%

Revenue ¥1.14B; Operating income ¥19.1M.

• ▍Revenue ¥1.14B
• ▍Operating income ¥19.1M
• ▍Net margin 1.9%

Revenue ¥1.11B; Operating income ¥31.0M.

• ▍Revenue ¥1.11B
• ▍Operating income ¥31.0M
• ▍Net margin 2.3%

Revenue ¥1.21B; Operating income ¥51.5M.

• ▍Revenue ¥1.21B
• ▍Operating income ¥51.5M
• ▍Net margin 8.6%

Revenue ¥4.59B, +0,3% YoY; Operating income +89,0% YoY.

• ▍Revenue ¥4.59B, +0,3% YoY
• ▍Operating income +89,0% YoY
• ▍Net income +59,2% YoY
• ▍Free cash flow +69,6% YoY
• ▍Net margin 3.9%

Revenue ¥4.57B, −4,9% YoY; Operating income +123,1% YoY.

• ▍Revenue ¥4.57B, −4,9% YoY
• ▍Operating income +123,1% YoY
• ▍Net income +146,6% YoY
• ▍Free cash flow +162,2% YoY
• ▍Net margin 2.4%

Revenue ¥4.81B, +18,0% YoY; Operating income +62,4% YoY.

• ▍Revenue ¥4.81B, +18,0% YoY
• ▍Operating income +62,4% YoY
• ▍Net income +64,5% YoY
• ▍Free cash flow +64,5% YoY
• ▍Net margin -5.0%

Revenue ¥4.07B, +5,3% YoY; Operating income −1 908,4% YoY.

• ▍Revenue ¥4.07B, +5,3% YoY
• ▍Operating income −1 908,4% YoY
• ▍Net income −1 911,9% YoY
• ▍Free cash flow −22 432,1% YoY
• ▍Net margin -16.5%