No.1 Co Ltd

No.1 Co Ltd maintains a strong liquidity position, with cash and equivalents amounting to ¥2,297,418,000, representing 30.8% of total assets. The company's liquidity FPT score is high, indicating robust short-term financial flexibility. The current ratio of 2.24 suggests the company can comfortably cover its short-term liabilities with its current assets.

Profitability metrics for No.1 Co Ltd show a return on equity (ROE) of 2.14% and a return on assets (ROA) of 1.08%, both below the industry median for office equipment firms. The company's operating margin is 4.55%, which is also below the median for its industry, indicating potential inefficiencies in cost management or pricing power.

The company's revenue is concentrated in its core office equipment segment, with no disclosed geographic breakdown. However, the absence of geographic diversification may expose the company to regional economic fluctuations. No.1 Co Ltd does not report revenue by geographic region, making it difficult to assess exposure to specific markets.

Looking ahead, the company's revenue is expected to remain stable, with no significant growth or contraction projected in the next fiscal year. Historical revenue trends show a slight decline in recent periods, and the company's outlook for the current fiscal year is neutral. The absence of a clear growth trajectory may limit investor confidence.

Risk factors for No.1 Co Ltd include low liquidity and dilution risk, with no immediate filing-based flags detected. The company's debt-to-equity ratio of 0.43 is relatively low, suggesting a conservative capital structure. However, the high price-to-earnings ratio of 123.45 indicates that the stock is currently overvalued relative to earnings.

Recent events, including analyst estimates and financial filings, show that the company's last actual EPS was 107.36 JPY, and its last actual revenue was ¥17,529,920,000. These figures align with the company's reported financial performance, but no significant new developments or strategic initiatives have been disclosed in recent filings.

Revenue surged 23.4% year-over-year to JPY 17.5 billion in FY2026, demonstrating strong top-line growth momentum.

Free cash flow jumped 64.3% year-over-year to JPY 732 million, highlighting robust cash generation capabilities.

The company maintains low dilution, liquidity, and credit risk flags, suggesting a stable financial foundation.

Long-term debt more than tripled to JPY 5.4 billion in FY2026, signaling a substantial increase in leverage.

Debt-to-equity ratio of 0.43 is well above the cohort median of 0.25, indicating higher financial risk.

Net income declined 24.3% year-over-year to JPY 574 million despite revenue growth, showing margin compression.

Operating income fell 25.7% year-over-year to JPY 998 million, reflecting deteriorating core operational profitability.

Revenue ¥5.21B, +31,7% YoY; Operating income +69,7% YoY.

• ▍Revenue ¥5.21B, +31,7% YoY
• ▍Operating income +69,7% YoY
• ▍Net income +73,1% YoY
• ▍Net margin 9.2%

Revenue ¥4.66B, +36,0% YoY; Operating income −45,7% YoY.

• ▍Revenue ¥4.66B, +36,0% YoY
• ▍Operating income −45,7% YoY
• ▍Net income −224,7% YoY
• ▍Net margin -2.0%

Revenue ¥3.89B, +6,9% YoY; Operating income +31,2% YoY.

• ▍Revenue ¥3.89B, +6,9% YoY
• ▍Operating income +31,2% YoY
• ▍Net income +100,2% YoY
• ▍Net margin 7.3%

Revenue ¥3.77B, +18,1% YoY; Operating income −18,8% YoY.

• ▍Revenue ¥3.77B, +18,1% YoY
• ▍Operating income −18,8% YoY
• ▍Net income −47,4% YoY
• ▍Net margin 1.1%

Revenue ¥3.96B; Operating income ¥361.2M.

• ▍Revenue ¥3.96B
• ▍Operating income ¥361.2M
• ▍Net margin 7.0%

Revenue ¥3.43B; Operating income ¥157.8M.

• ▍Revenue ¥3.43B
• ▍Operating income ¥157.8M
• ▍Net margin 2.2%

Revenue ¥3.63B; Operating income ¥334.4M.

• ▍Revenue ¥3.63B
• ▍Operating income ¥334.4M
• ▍Net margin 3.9%

Revenue ¥3.19B; Operating income ¥145.0M.

• ▍Revenue ¥3.19B
• ▍Operating income ¥145.0M
• ▍Net margin 2.5%

Revenue ¥17.53B, +23,4% YoY; Operating income +25,7% YoY.

• ▍Revenue ¥17.53B, +23,4% YoY
• ▍Operating income +25,7% YoY
• ▍Net income +24,3% YoY
• ▍Free cash flow +64,3% YoY
• ▍Net margin 4.1%

Revenue ¥14.21B, +5,6% YoY; Operating income −18,2% YoY.

• ▍Revenue ¥14.21B, +5,6% YoY
• ▍Operating income −18,2% YoY
• ▍Net income −35,2% YoY
• ▍Free cash flow −45,7% YoY
• ▍Net margin 4.0%

Revenue ¥13.45B, +1,1% YoY; Operating income −14,6% YoY.

• ▍Revenue ¥13.45B, +1,1% YoY
• ▍Operating income −14,6% YoY
• ▍Net income −2,8% YoY
• ▍Free cash flow +1,1% YoY
• ▍Net margin 6.6%

Revenue ¥13.31B, −4,4% YoY; Operating income +68,9% YoY.

• ▍Revenue ¥13.31B, −4,4% YoY
• ▍Operating income +68,9% YoY
• ▍Net income +71,5% YoY
• ▍Free cash flow +82,5% YoY
• ▍Net margin 6.9%