Appirits Inc

Appirits Inc maintains a strong liquidity position, with cash and equivalents amounting to ¥2,070,810,000, which is significantly higher than its total liabilities of ¥2,343,261,000. The company's current ratio of 2.12 indicates a solid ability to meet short-term obligations. The debt-to-equity ratio of 0.42 suggests a conservative capital structure, with long-term debt at ¥1,065,000,000 and total equity at ¥2,526,792,000.

The company's profitability metrics show a return on equity (ROE) of 3.02% and a return on assets (ROA) of 1.57%. These figures are below the industry median for ROE and ROA in the Online Services sector, indicating that Appirits Inc is underperforming relative to its peers in terms of capital efficiency and asset utilization.

Appirits Inc's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no geographic diversification provided in the available data. This lack of segment and geographic diversification may expose the company to higher operational and market risks.

The company's growth trajectory appears to be modest, with no significant revenue growth reported in the latest financial period. The operating income of ¥124,492,000 and net income of ¥76,317,000 suggest a stable but not rapidly expanding business. Analyst estimates for revenue and EPS indicate a mixed outlook, with the last actual EPS at -¥115.33 and revenue at ¥9,955,210,000.

Risk factors for Appirits Inc are currently low, with no immediate liquidity or dilution flags detected. The company's low dilution risk is supported by the absence of recent equity issuances or shelf registration activities. However, the low liquidity risk is primarily due to the company's strong cash reserves.

Recent events, including filings and transcripts, do not indicate any material changes in the company's operations or strategic direction. The absence of significant events suggests a stable but potentially stagnant business environment for Appirits Inc.

Revenue grew at a 20% CAGR over four years, demonstrating strong top-line expansion momentum.

Net margin of 3.6% outperforms the 3.0% median benchmark for the Online Services sector.

The company faces low dilution risk, suggesting minimal threat to existing shareholder equity value.

Low liquidity risk indicates the company maintains sufficient access to necessary capital markets.

Long-term debt surged to 1.87 billion JPY in FY2026, significantly increasing leverage exposure.

Return on equity of 3.0% trails the 3.5% median for the Online Services cohort.

Revenue ¥2.34B, −8,6% YoY; Operating income −205,7% YoY.

• ▍Revenue ¥2.34B, −8,6% YoY
• ▍Operating income −205,7% YoY
• ▍Net income −432,0% YoY
• ▍Net margin -14.6%

Revenue ¥2.46B, +10,3% YoY; Operating income −219,3% YoY.

• ▍Revenue ¥2.46B, +10,3% YoY
• ▍Operating income −219,3% YoY
• ▍Net income −115,3% YoY
• ▍Net margin -3.6%

Revenue ¥2.68B, +28,6% YoY; Operating income +81,0% YoY.

• ▍Revenue ¥2.68B, +28,6% YoY
• ▍Operating income +81,0% YoY
• ▍Net income +72,2% YoY
• ▍Net margin -1.0%

Revenue ¥2.48B, +15,9% YoY; Operating income −98,0% YoY.

• ▍Revenue ¥2.48B, +15,9% YoY
• ▍Operating income −98,0% YoY
• ▍Net income −112,8% YoY
• ▍Net margin -0.4%

Revenue ¥2.55B; Operating income ¥161.9M.

• ▍Revenue ¥2.55B
• ▍Operating income ¥161.9M
• ▍Net margin 4.0%

Revenue ¥2.23B; Operating income -¥33.4M.

• ▍Revenue ¥2.23B
• ▍Operating income -¥33.4M
• ▍Net margin -1.8%

Revenue ¥2.08B; Operating income -¥111.2M.

• ▍Revenue ¥2.08B
• ▍Operating income -¥111.2M
• ▍Net margin -4.4%

Revenue ¥2.14B; Operating income ¥124.5M.

• ▍Revenue ¥2.14B
• ▍Operating income ¥124.5M
• ▍Net margin 3.6%

Revenue ¥9.96B, +10,5% YoY; Operating income −309,1% YoY.

• ▍Revenue ¥9.96B, +10,5% YoY
• ▍Operating income −309,1% YoY
• ▍Net income −1 112,3% YoY
• ▍Free cash flow −807,2% YoY
• ▍Net margin -4.7%

Revenue ¥9.01B, +6,9% YoY; Operating income −75,5% YoY.

• ▍Revenue ¥9.01B, +6,9% YoY
• ▍Operating income −75,5% YoY
• ▍Net income −88,1% YoY
• ▍Free cash flow −110,7% YoY
• ▍Net margin 0.5%

Revenue ¥8.43B, +15,1% YoY; Operating income +40,6% YoY.

• ▍Revenue ¥8.43B, +15,1% YoY
• ▍Operating income +40,6% YoY
• ▍Net income +83,8% YoY
• ▍Free cash flow +63,7% YoY
• ▍Net margin 4.6%

Revenue ¥7.32B, +52,7% YoY; Operating income +109,2% YoY.

• ▍Revenue ¥7.32B, +52,7% YoY
• ▍Operating income +109,2% YoY
• ▍Net income +92,5% YoY
• ▍Free cash flow +326,4% YoY
• ▍Net margin 2.9%