IC Co Ltd

IC Co Ltd maintains a strong liquidity position, with cash and equivalents amounting to ¥3.97 billion, representing 49.1% of total assets. The company has no long-term debt, and its debt-to-equity ratio is 0.0, indicating a conservative capital structure. The current ratio of 3.85 suggests the company has ample short-term liquidity to cover its liabilities.

Profitability metrics for IC Co Ltd are modest compared to industry benchmarks. The company reported a net income of ¥53.71 million and an operating income of ¥73.91 million, translating to a return on equity (ROE) of 0.88% and a return on assets (ROA) of 0.67%. These figures are below the typical performance of firms in the IT Services & Consulting industry, which often exhibit higher ROE and ROA due to scalable service offerings and recurring revenue models.

The company's revenue is concentrated in its core IT services segment, with no disclosed geographic breakdown. However, the absence of geographic diversification data suggests potential concentration risk, as the company's performance may be heavily influenced by regional economic conditions or regulatory changes.

Looking ahead, IC Co Ltd's revenue growth appears to be flat, with the most recent actual revenue of ¥10.14 billion aligning closely with the ¥10.14 billion reported in the financial snapshot. Analysts have not indicated significant growth expectations for the next fiscal year, and the company's current price-to-earnings ratio of 148.66 suggests a high valuation relative to earnings.

The company's risk profile is characterized by low liquidity and dilution risks. No immediate filing-based liquidity or dilution flags were detected, and the absence of long-term debt and high cash reserves further supports this assessment. However, the high price-to-earnings ratio may indicate investor expectations of future earnings growth that have not yet materialized in the current financial results.

Recent events, including the latest financial filings and transcripts, have not revealed any material changes in the company's operations or strategic direction. The company continues to operate within its established IT services and consulting framework, with no significant new product launches or market expansions reported in the available data.

Operating income surged 57.8% year-over-year to JPY 698.4 million in fiscal 2025, demonstrating strong top-line momentum.

Free cash flow improved significantly by 65.8% to JPY 273.9 million, indicating robust cash generation capabilities.

The company maintains a zero long-term debt position, providing a pristine balance sheet with no leverage risk.

Revenue grew 9.1% year-over-year to JPY 10.1 billion, reflecting consistent expansion in core business activities.

Net income increased 26.4% to JPY 485.6 million, showing improved profitability despite modest margin levels.

The four-year net income CAGR is negative at -0.1%, revealing a lack of long-term earnings growth trajectory.

Revenue ¥2.69B, +6,6% YoY; Operating income −3,0% YoY.

• ▍Revenue ¥2.69B, +6,6% YoY
• ▍Operating income −3,0% YoY
• ▍Net income −2,5% YoY
• ▍Net margin 5.6%

Revenue ¥2.61B, +8,1% YoY; Operating income −36,0% YoY.

• ▍Revenue ¥2.61B, +8,1% YoY
• ▍Operating income −36,0% YoY
• ▍Net income −29,4% YoY
• ▍Net margin 7.9%

Revenue ¥2.62B, +8,4% YoY; Operating income +60,4% YoY.

• ▍Revenue ¥2.62B, +8,4% YoY
• ▍Operating income +60,4% YoY
• ▍Net income −72,8% YoY
• ▍Net margin -1.1%

Revenue ¥2.58B, +13,1% YoY; Operating income +9,3% YoY.

• ▍Revenue ¥2.58B, +13,1% YoY
• ▍Operating income +9,3% YoY
• ▍Net income +21,8% YoY
• ▍Net margin 2.5%

Revenue ¥2.53B; Operating income ¥227.3M.

• ▍Revenue ¥2.53B
• ▍Operating income ¥227.3M
• ▍Net margin 6.2%

Revenue ¥2.42B; Operating income ¥420.9M.

• ▍Revenue ¥2.42B
• ▍Operating income ¥420.9M
• ▍Net margin 12.1%

Revenue ¥2.41B; Operating income -¥77.1M.

• ▍Revenue ¥2.41B
• ▍Operating income -¥77.1M
• ▍Net margin -0.7%

Revenue ¥2.28B; Operating income ¥73.9M.

• ▍Revenue ¥2.28B
• ▍Operating income ¥73.9M
• ▍Net margin 2.4%

Revenue ¥10.14B, +9,1% YoY; Operating income +57,8% YoY.

• ▍Revenue ¥10.14B, +9,1% YoY
• ▍Operating income +57,8% YoY
• ▍Net income +26,4% YoY
• ▍Free cash flow +65,8% YoY
• ▍Net margin 4.8%

Revenue ¥9.29B, +8,5% YoY; Operating income +11,6% YoY.

• ▍Revenue ¥9.29B, +8,5% YoY
• ▍Operating income +11,6% YoY
• ▍Net income +3,2% YoY
• ▍Free cash flow +739,1% YoY
• ▍Net margin 4.1%

Revenue ¥8.56B, +0,9% YoY; Operating income −35,8% YoY.

• ▍Revenue ¥8.56B, +0,9% YoY
• ▍Operating income −35,8% YoY
• ▍Net income −29,3% YoY
• ▍Free cash flow −107,5% YoY
• ▍Net margin 4.3%

Revenue ¥8.49B, +4,7% YoY; Operating income +3,1% YoY.

• ▍Revenue ¥8.49B, +4,7% YoY
• ▍Operating income +3,1% YoY
• ▍Net income +7,9% YoY
• ▍Free cash flow +73,8% YoY
• ▍Net margin 6.2%