KIYO Learning Co Ltd

KIYO Learning Co Ltd operates with a price-to-book ratio of 4.61 and a price-to-tangible-book ratio of 4.61, indicating a premium valuation relative to its book value. The company's liquidity position is strong, with cash and equivalents amounting to 29.1 billion JPY, significantly exceeding its total liabilities of 30.4 billion JPY. The current ratio of 1.09 suggests the company can cover its short-term obligations, albeit with limited excess.

Profitability metrics reveal a challenging operating environment for KIYO Learning Co Ltd. The company reported a net loss of 244.4 million JPY and an operating loss of 349.1 million JPY, resulting in a negative return on equity of -28.97% and a negative return on assets of -6.29%. These figures fall below the industry median for profitability, indicating underperformance relative to peers.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to market-specific risks, particularly in the Japanese educational services sector. The absence of segment or geographic breakdown in the financial data limits the ability to assess risk distribution.

Looking ahead, KIYO Learning Co Ltd is projected to see a 16.3% increase in revenue in the current fiscal year, based on analyst estimates. However, the operating loss is expected to persist, with no clear path to profitability in the near term. The company's debt-to-equity ratio of 0.66 suggests a moderate level of leverage, but the negative operating income raises concerns about its ability to service debt.

Risk factors for KIYO Learning Co Ltd include its current operating losses and the potential for further dilution if the company requires additional capital. The risk assessment indicates low immediate liquidity and dilution risks, but the company's financial performance remains a concern. The absence of filing-based flags does not eliminate the need for ongoing monitoring of its financial health.

Recent events, including the latest financial filing and analyst estimates, suggest a mixed outlook for KIYO Learning Co Ltd. While revenue is expected to grow, the company's profitability remains a significant challenge. The lack of detailed segment and geographic data in the latest filing limits the ability to fully assess the drivers of this growth.

Revenue grew 22.1% annually over four years, reaching 5.03 billion JPY in fiscal 2026.

Free cash flow surged 82.7% year-over-year to 290.3 million JPY in fiscal 2026.

Net income expanded 40.3% year-over-year to 294.1 million JPY in fiscal 2026.

Operating income increased 48.9% year-over-year, demonstrating strong top-line and bottom-line momentum.

Long-term debt decreased slightly to 454.0 million JPY in fiscal 2026, indicating manageable leverage.

The company faces high credit risk according to internal risk flag assessments.

Debt-to-equity ratio of 0.66 is significantly higher than the cohort median of 0.06.

Revenue ¥1.24B, +11,8% YoY; Operating income +244,1% YoY.

• ▍Revenue ¥1.24B, +11,8% YoY
• ▍Operating income +244,1% YoY
• ▍Net income +123,3% YoY
• ▍Net margin 16.4%

Revenue ¥1.49B, +8,8% YoY; Operating income −22,5% YoY.

• ▍Revenue ¥1.49B, +8,8% YoY
• ▍Operating income −22,5% YoY
• ▍Net income −21,9% YoY
• ▍Net margin 13.9%

Revenue ¥1.19B, +11,9% YoY; Operating income +5,7% YoY.

• ▍Revenue ¥1.19B, +11,9% YoY
• ▍Operating income +5,7% YoY
• ▍Net income +4,8% YoY
• ▍Net margin 8.7%

Revenue ¥1.11B, +20,0% YoY; Operating income +10,5% YoY.

• ▍Revenue ¥1.11B, +20,0% YoY
• ▍Operating income +10,5% YoY
• ▍Net income +10,4% YoY
• ▍Net margin -19.8%

Revenue ¥1.11B; Operating income ¥55.4M.

• ▍Revenue ¥1.11B
• ▍Operating income ¥55.4M
• ▍Net margin 8.2%

Revenue ¥1.37B; Operating income ¥355.6M.

• ▍Revenue ¥1.37B
• ▍Operating income ¥355.6M
• ▍Net margin 19.3%

Revenue ¥1.06B; Operating income ¥142.2M.

• ▍Revenue ¥1.06B
• ▍Operating income ¥142.2M
• ▍Net margin 9.2%

Revenue ¥923.5M; Operating income -¥349.1M.

• ▍Revenue ¥923.5M
• ▍Operating income -¥349.1M
• ▍Net margin -26.5%

Revenue ¥5.03B, +12,6% YoY; Operating income +48,9% YoY.

• ▍Revenue ¥5.03B, +12,6% YoY
• ▍Operating income +48,9% YoY
• ▍Net income +40,3% YoY
• ▍Free cash flow +82,8% YoY
• ▍Net margin 5.8%

Revenue ¥4.47B, +17,6% YoY; Operating income +63,3% YoY.

• ▍Revenue ¥4.47B, +17,6% YoY
• ▍Operating income +63,3% YoY
• ▍Net income +86,8% YoY
• ▍Free cash flow +125,8% YoY
• ▍Net margin 4.7%

Revenue ¥3.80B, +33,4% YoY; Operating income +168,2% YoY.

• ▍Revenue ¥3.80B, +33,4% YoY
• ▍Operating income +168,2% YoY
• ▍Net income +150,8% YoY
• ▍Free cash flow +126,1% YoY
• ▍Net margin 3.0%

Revenue ¥2.85B, +25,9% YoY; Operating income −223,5% YoY.

• ▍Revenue ¥2.85B, +25,9% YoY
• ▍Operating income −223,5% YoY
• ▍Net income −277,2% YoY
• ▍Free cash flow −593,6% YoY
• ▍Net margin -7.8%