3985.T

The company maintains a strong liquidity position, with cash and equivalents amounting to ¥12.32 billion, significantly exceeding its total liabilities of ¥10.02 billion, resulting in a current ratio of 2.48. The price-to-book ratio of 2.44 and a debt-to-equity ratio of 0.93 indicate a moderate level of leverage, with equity financing playing a significant role in the company's capital structure.

Profitability metrics show a return on equity of 9.61% and a return on assets of 4.16%, which are below the industry median for online services. The company's operating margin is 8.51% (¥156.07 million operating income on ¥1.83 billion revenue), and its net margin is 4.01% (¥73.47 million net income on ¥1.83 billion revenue), both of which are below the industry median for online services.

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 fluctuations and regulatory changes.

Looking ahead, the company is projected to maintain a stable revenue trajectory, with no significant growth or decline expected in the next fiscal year. Historical revenue growth has been modest, and the company's current market capitalization of ¥1.86 billion reflects a price-to-earnings ratio of 25.34, suggesting a relatively high valuation compared to earnings.

The company's risk profile is characterized by low liquidity and dilution risks, with no immediate filing-based flags detected. The absence of dilution risk is supported by the fact that basic and diluted shares outstanding are equal, indicating no near-term dilution potential.

Recent events, including analyst estimates and financial filings, indicate a stable business environment. The last actual EPS was reported at ¥6.88, and the last actual revenue was ¥1.83 billion, aligning with the company's financial snapshot.