Jibannet Holdings Co Ltd

Jibannet Holdings maintains a strong liquidity position, with cash and equivalents amounting to ¥963.94 million, representing 60.2% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is robust, supported by a current ratio of 6.19, indicating a high ability to meet short-term obligations. However, operating cash flow is negative at ¥-4.29 million, suggesting operational inefficiencies or capital investment pressures.

Profitability metrics are weak, with a net loss of ¥22.92 million and an operating loss of ¥19.02 million. Return on equity (ROE) is -1.82%, and return on assets (ROA) is -1.43%, both significantly below the industry median for Business Support Services. Gross profit of ¥189.76 million represents 42.7% of revenue, but this is insufficient to offset operating costs.

The company's revenue is concentrated in Japan, with no disclosed international operations. Segment data is limited, but the primary business appears to be IT infrastructure and network services. No material geographic diversification is evident, increasing exposure to domestic economic conditions.

Growth prospects are constrained, with no clear revenue expansion in recent periods. The company reported ¥444.71 million in revenue, a decline from prior periods. Analyst estimates suggest a revenue of ¥1.88 billion, but this appears inconsistent with the reported ¥444.71 million, indicating potential data misalignment or seasonal volatility.

Risk factors include low liquidity risk and no immediate dilution pressure. The debt-to-equity ratio is 0.08, and long-term debt is ¥95.83 million, representing 6.0% of total assets. No dilution sources were identified in filings or transcripts, and shares outstanding remain unchanged between basic and diluted shares.

Recent events include a negative operating cash flow and a net loss, which may signal operational challenges. No material regulatory or geopolitical risks are currently flagged, but the company's exposure to domestic Japanese markets remains a concentration risk.

Operating income surged 236.6% year-over-year to JPY 86.4 million, signaling a strong operational turnaround in fiscal 2025.

Free cash flow improved by 173.6% to JPY 77.7 million, demonstrating significantly enhanced cash generation capabilities.

Long-term debt decreased substantially to JPY 45.8 million, reducing leverage and strengthening the company's balance sheet position.

Net income rebounded sharply with a 177.9% year-over-year increase, returning to profitability of JPY 74.2 million.

The debt-to-equity ratio of 0.08 ranks above the cohort median, indicating a conservative capital structure relative to peers.

Revenue declined with a negative 1.4% CAGR over four years, indicating a persistent inability to grow top-line sales.

Operating margin of -4.3% places the company in the bottom quartile of the Business Support Services cohort.

The company faces high credit risk, which could impair financial stability and increase borrowing costs significantly.

Cash conversion of 0.19 is below the cohort median of 1.15, suggesting weaker cash generation relative to earnings.

Revenue ¥812.1M, +72,2% YoY; Operating income +26 697,0% YoY.

• ▍Revenue ¥812.1M, +72,2% YoY
• ▍Operating income +26 697,0% YoY
• ▍Net income +2 309,5% YoY
• ▍Net margin 24.0%

Revenue ¥813.0M, +75,9% YoY; Operating income +78,2% YoY.

• ▍Revenue ¥813.0M, +75,9% YoY
• ▍Operating income +78,2% YoY
• ▍Net income −52,4% YoY
• ▍Net margin 0.7%

Revenue ¥725.8M, +69,0% YoY; Operating income −195,0% YoY.

• ▍Revenue ¥725.8M, +69,0% YoY
• ▍Operating income −195,0% YoY
• ▍Net income −354,6% YoY
• ▍Net margin -3.0%

Revenue ¥515.0M, +15,8% YoY; Operating income +518,1% YoY.

• ▍Revenue ¥515.0M, +15,8% YoY
• ▍Operating income +518,1% YoY
• ▍Net income +434,0% YoY
• ▍Net margin 14.9%

Revenue ¥471.4M; Operating income ¥689.0k.

• ▍Revenue ¥471.4M
• ▍Operating income ¥689.0k
• ▍Net margin -1.9%

Revenue ¥462.1M; Operating income ¥12.9M.

• ▍Revenue ¥462.1M
• ▍Operating income ¥12.9M
• ▍Net margin 2.5%

Revenue ¥429.4M; Operating income -¥6.8M.

• ▍Revenue ¥429.4M
• ▍Operating income -¥6.8M
• ▍Net margin -1.1%

Revenue ¥444.7M; Operating income -¥19.0M.

• ▍Revenue ¥444.7M
• ▍Operating income -¥19.0M
• ▍Net margin -5.2%

Revenue ¥1.88B, +0,0% YoY; Operating income +236,6% YoY.

• ▍Revenue ¥1.88B, +0,0% YoY
• ▍Operating income +236,6% YoY
• ▍Net income +177,9% YoY
• ▍Free cash flow +173,6% YoY
• ▍Net margin 4.0%

Revenue ¥1.88B, −18,7% YoY; Operating income −159,9% YoY.

• ▍Revenue ¥1.88B, −18,7% YoY
• ▍Operating income −159,9% YoY
• ▍Net income −230,1% YoY
• ▍Free cash flow −250,6% YoY
• ▍Net margin -5.1%

Revenue ¥2.31B, +4,1% YoY; Operating income +433,8% YoY.

• ▍Revenue ¥2.31B, +4,1% YoY
• ▍Operating income +433,8% YoY
• ▍Net income +257,1% YoY
• ▍Free cash flow +249,4% YoY
• ▍Net margin 3.2%

Revenue ¥2.22B, +11,4% YoY; Operating income −136,5% YoY.

• ▍Revenue ¥2.22B, +11,4% YoY
• ▍Operating income −136,5% YoY
• ▍Net income −37,4% YoY
• ▍Free cash flow −82,2% YoY
• ▍Net margin -2.1%