Capital Asset Planning Inc

Capital Asset Planning Inc maintains a strong liquidity position, with cash and equivalents amounting to ¥1.59 billion, representing 27.7% of total assets. The company's liquidity FPT score indicates a low risk of liquidity stress, supported by a current ratio of 2.09 and a debt-to-equity ratio of 0.4. However, operating cash flow is negative at ¥174.27 million, which may signal short-term operational inefficiencies or capital investment activity.

Profitability metrics show a return on equity (ROE) of 5.55% and a return on assets (ROA) of 3.23%, both below the industry median for financial technology firms. The company's gross margin is 28.4%, while operating margin is 11.3%, indicating moderate efficiency in converting revenue to profit. The price-to-earnings (P/E) ratio of 25.41 and price-to-book (P/B) ratio of 1.41 suggest the stock is trading at a premium relative to book value but at a moderate multiple of earnings.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic shifts and regulatory changes. The absence of segment-specific revenue breakdowns limits visibility into growth drivers and risk distribution.

Looking ahead, the company is projected to grow revenue by 12.5% in the current fiscal year and 8.2% in the next, based on analyst estimates and historical performance. However, the negative operating cash flow and capital expenditure of ¥34.19 million suggest ongoing investment in infrastructure or expansion. The company's diluted earnings per share (EPS) are expected to remain stable, with no significant dilution pressure in the near term.

Risk factors include the potential for regulatory changes in the financial technology sector, which could impact the company's operations and profitability. The company's low liquidity risk and absence of immediate dilution flags are positive indicators, but the negative operating cash flow remains a concern. No recent filings or transcripts indicate material changes in the company's strategic direction or financial health.

Recent events, including analyst estimates and financial disclosures, suggest the company is maintaining its market position. The last actual EPS was ¥69.97, and the last actual revenue was ¥9.69 billion, both in line with expectations. No significant deviations from historical performance have been reported in the latest filings.

Net income surged 156.3% year-over-year to JPY 401.8 million in fiscal 2025, demonstrating strong profitability recovery.

Free cash flow grew 75.5% to JPY 481.2 million in fiscal 2025, reflecting robust cash generation capabilities.

Revenue expanded 18.5% year-over-year to JPY 9.69 billion in fiscal 2025, showing consistent top-line growth momentum.

Debt-to-equity ratio of 0.4 is substantially higher than the 0.09 cohort median, signaling elevated financial leverage risk.

Cash conversion of -0.94 places the company in the bottom quartile of its cohort, indicating poor cash flow quality.

The company reported a net loss of JPY 248.4 million in fiscal 2022, highlighting past profitability challenges.

Revenue ¥2.51B, +21,8% YoY; Operating income +1 009,0% YoY.

• ▍Revenue ¥2.51B, +21,8% YoY
• ▍Operating income +1 009,0% YoY
• ▍Net income +5 297,9% YoY
• ▍Net margin 4.6%

Revenue ¥2.63B, +19,6% YoY; Operating income +221,8% YoY.

• ▍Revenue ¥2.63B, +19,6% YoY
• ▍Operating income +221,8% YoY
• ▍Net income +247,5% YoY
• ▍Net margin 7.4%

Revenue ¥2.33B, +37,1% YoY; Operating income +37,3% YoY.

• ▍Revenue ¥2.33B, +37,1% YoY
• ▍Operating income +37,3% YoY
• ▍Net income +30,2% YoY
• ▍Net margin -2.5%

Revenue ¥2.66B, +14,3% YoY; Operating income +43,3% YoY.

• ▍Revenue ¥2.66B, +14,3% YoY
• ▍Operating income +43,3% YoY
• ▍Net income +42,4% YoY
• ▍Net margin 10.0%

Revenue ¥2.06B; Operating income ¥16.2M.

• ▍Revenue ¥2.06B
• ▍Operating income ¥16.2M
• ▍Net margin 0.1%

Revenue ¥2.20B; Operating income ¥68.3M.

• ▍Revenue ¥2.20B
• ▍Operating income ¥68.3M
• ▍Net margin 2.5%

Revenue ¥1.70B; Operating income -¥114.8M.

• ▍Revenue ¥1.70B
• ▍Operating income -¥114.8M
• ▍Net margin -5.0%

Revenue ¥2.33B; Operating income ¥262.7M.

• ▍Revenue ¥2.33B
• ▍Operating income ¥262.7M
• ▍Net margin 8.0%

Revenue ¥9.69B, +18,5% YoY; Operating income +137,8% YoY.

• ▍Revenue ¥9.69B, +18,5% YoY
• ▍Operating income +137,8% YoY
• ▍Net income +156,3% YoY
• ▍Free cash flow +75,5% YoY
• ▍Net margin 4.1%

Revenue ¥8.18B, +1,6% YoY; Operating income −27,2% YoY.

• ▍Revenue ¥8.18B, +1,6% YoY
• ▍Operating income −27,2% YoY
• ▍Net income −29,3% YoY
• ▍Free cash flow +11,4% YoY
• ▍Net margin 1.9%

Revenue ¥8.05B, +19,3% YoY; Operating income +188,0% YoY.

• ▍Revenue ¥8.05B, +19,3% YoY
• ▍Operating income +188,0% YoY
• ▍Net income +189,2% YoY
• ▍Free cash flow +216,1% YoY
• ▍Net margin 2.8%

Revenue ¥6.75B, +1,8% YoY; Operating income −384,6% YoY.

• ▍Revenue ¥6.75B, +1,8% YoY
• ▍Operating income −384,6% YoY
• ▍Net income −457,0% YoY
• ▍Free cash flow +25,8% YoY
• ▍Net margin -3.7%