Skymark Airlines Inc

Skymark Airlines Inc has a liquidity position that is characterized by a current ratio of 0.78, indicating that its current liabilities exceed its current assets. The company's cash and equivalents amount to 26.71 billion JPY, but this is offset by long-term debt of 31.096 billion JPY, resulting in a negative net cash position. The debt-to-equity ratio of 1.12 suggests that the company is moderately leveraged, with liabilities exceeding equity.

The company's profitability is currently negative, with a return on equity of -2.13% and a return on assets of -0.54%. These figures indicate that the company is not generating returns that exceed its cost of capital, which is a concern for investors. The operating income is negative at -621 million JPY, and the net income is also negative at -594 million JPY. These metrics are below the industry median for profitability, suggesting that the company is underperforming relative to its peers.

Skymark Airlines Inc's revenue is primarily concentrated in its domestic operations, with no specific segment breakdown provided in the available data. The company's geographic exposure is not detailed, but given its classification and operations, it is likely focused on the Japanese market. The lack of segment data limits the ability to assess the diversification of its revenue streams.

The company's growth trajectory is uncertain, with no specific outlook provided for the current or next fiscal year. The operating cash flow is positive at 8.178 billion JPY, which is a positive sign for liquidity, but the capital expenditure of -1.767 billion JPY indicates ongoing investment in the business. The absence of specific growth metrics makes it difficult to assess the company's future performance.

The risk assessment for Skymark Airlines Inc indicates a medium liquidity risk and a low dilution risk. The company's negative net cash position is a key flag, suggesting potential liquidity constraints. The dilution risk is low, with no significant dilution potential identified in the basic shares outstanding. The company's financial structure and leverage suggest that it may face challenges in maintaining its operations without additional financing.

Recent events and filings for Skymark Airlines Inc do not provide specific details on recent developments or strategic initiatives. The company's financial performance and risk profile suggest that it may be facing operational and financial challenges that require close monitoring. The lack of detailed information on recent events limits the ability to assess the company's current strategic direction.

Revenue grew 38.4% year-over-year, demonstrating significant top-line expansion momentum for the airline.

Analysts maintain a buy recommendation with a mean price target of 445 JPY.

Long-term debt decreased to 29.9 billion JPY in FY2025, showing a slight reduction in leverage.

Dilution risk is assessed as low, suggesting limited threat to existing shareholder equity value.

Free cash flow turned negative to -1.4 billion JPY in FY2025, signaling cash generation issues.

Credit risk is flagged as high, indicating significant potential for financial distress or default.

Revenue ¥28.01B, +2,8% YoY; Operating income −30,5% YoY.

• ▍Revenue ¥28.01B, +2,8% YoY
• ▍Operating income −30,5% YoY
• ▍Net income −85,0% YoY
• ▍Net margin 1.7%

Revenue ¥31.30B, +1,2% YoY; Operating income −37,1% YoY.

• ▍Revenue ¥31.30B, +1,2% YoY
• ▍Operating income −37,1% YoY
• ▍Net income +251,6% YoY
• ▍Net margin 10.4%

Revenue ¥23.58B, +0,2% YoY; Operating income +26,1% YoY.

• ▍Revenue ¥23.58B, +0,2% YoY
• ▍Operating income +26,1% YoY
• ▍Net income −83,1% YoY
• ▍Net margin -11.8%

Revenue ¥27.16B, +5,0% YoY; Operating income +123,0% YoY.

• ▍Revenue ¥27.16B, +5,0% YoY
• ▍Operating income +123,0% YoY
• ▍Net income +12,8% YoY
• ▍Net margin -1.9%

Revenue ¥27.25B; Operating income -¥603.0M.

• ▍Revenue ¥27.25B
• ▍Operating income -¥603.0M
• ▍Net margin 11.9%

Revenue ¥30.95B; Operating income ¥4.45B.

• ▍Revenue ¥30.95B
• ▍Operating income ¥4.45B
• ▍Net margin 3.0%

Revenue ¥23.54B; Operating income -¥2.26B.

• ▍Revenue ¥23.54B
• ▍Operating income -¥2.26B
• ▍Net margin -6.4%

Revenue ¥25.86B; Operating income -¥621.0M.

• ▍Revenue ¥25.86B
• ▍Operating income -¥621.0M
• ▍Net margin -2.3%

Revenue ¥108.89B, +4,6% YoY; Operating income −62,3% YoY.

• ▍Revenue ¥108.89B, +4,6% YoY
• ▍Operating income −62,3% YoY
• ▍Net income −28,4% YoY
• ▍Free cash flow −140,2% YoY
• ▍Net margin 2.0%

Revenue ¥104.08B, +22,9% YoY; Operating income +108,7% YoY.

• ▍Revenue ¥104.08B, +22,9% YoY
• ▍Operating income +108,7% YoY
• ▍Net income −47,6% YoY
• ▍Free cash flow −48,4% YoY
• ▍Net margin 2.9%

Revenue ¥84.66B, +79,6% YoY; Operating income +113,1% YoY.

• ▍Revenue ¥84.66B, +79,6% YoY
• ▍Operating income +113,1% YoY
• ▍Net income +185,1% YoY
• ▍Free cash flow +254,1% YoY
• ▍Net margin 6.8%