Koukandekirukun Inc

Koukandekirukun Inc maintains a strong liquidity position with JPY 975.37 million in cash and equivalents, representing 30.6% of total assets. The company's liquidity FPT score of 4.29 indicates a healthy cash position relative to book value, supported by a current ratio of 1.42. The debt-to-equity ratio of 0.45 suggests a conservative capital structure with long-term debt accounting for 44.8% of total liabilities.

Profitability metrics show a return on equity (ROE) of 8.83%, which is strong but must be compared to industry benchmarks. The return on assets (ROA) of 3.54% indicates moderate asset efficiency. The company's operating margin of 6.45% (operating income of JPY 147.33 million on JPY 2.28 billion revenue) is in line with typical margins for online services firms.

Geographically, Koukandekirukun Inc's revenue concentration is not disclosed in the available data. However, the company's exposure to the Japanese market is significant given its domestic listing and operations. Segment-specific data is also not available in the provided financials, limiting the ability to assess diversification across product lines.

The company's growth trajectory appears positive, with revenue of JPY 2.28 billion in the latest period. Analysts estimate a 20% year-over-year revenue increase to JPY 12.25 billion, suggesting strong expectations for future performance. The price-to-earnings ratio of 48.65 and EV/EBITDA of 34.53 indicate a premium valuation relative to earnings and cash flow.

Risk factors include the company's exposure to the online services sector, which is subject to rapid technological change and competitive pressures. The risk assessment indicates low liquidity and dilution risks, with no immediate filing-based flags detected. The company's capital expenditures of JPY -183.72 million suggest a focus on cost management rather than expansion.

Recent events include the publication of the latest financial results and analyst estimates. The company's last actual EPS of 13.19 JPY was slightly below the mean estimate of 13.96 JPY, indicating potential for improved earnings performance in the next reporting period.

Net income CAGR of 32.8% over four years demonstrates strong historical earnings growth momentum.

Cash conversion ratio of 1.32 outperforms the 1.06 cohort median, reflecting high earnings quality.

Low dilution, liquidity, and credit risk flags suggest a stable financial foundation for investors.

Free cash flow turned negative to -244 million JPY in FY2025, signaling severe cash generation issues.

Debt-to-equity ratio of 0.45 is in the bottom quartile, indicating higher leverage than peers.

Long-term debt increased to 591 million JPY in FY2025, rising from 105 million JPY in FY2022.

Revenue CAGR of -0.5% over four years indicates a lack of top-line growth trajectory.

Revenue ¥3.56B, +23,0% YoY; Operating income −17,0% YoY.

• ▍Revenue ¥3.56B, +23,0% YoY
• ▍Operating income −17,0% YoY
• ▍Net income −31,5% YoY
• ▍Net margin 2.4%

Revenue ¥2.88B, +13,7% YoY; Operating income −467,7% YoY.

• ▍Revenue ¥2.88B, +13,7% YoY
• ▍Operating income −467,7% YoY
• ▍Net income −5,5% YoY
• ▍Net margin -0.4%

Revenue ¥2.55B, +15,9% YoY; Operating income −365,5% YoY.

• ▍Revenue ¥2.55B, +15,9% YoY
• ▍Operating income −365,5% YoY
• ▍Net income −369,3% YoY
• ▍Net margin -3.5%

Revenue ¥2.66B, +16,6% YoY; Operating income −87,0% YoY.

• ▍Revenue ¥2.66B, +16,6% YoY
• ▍Operating income −87,0% YoY
• ▍Net income −102,2% YoY
• ▍Net margin -0.1%

Revenue ¥2.90B; Operating income ¥169.3M.

• ▍Revenue ¥2.90B
• ▍Operating income ¥169.3M
• ▍Net margin 4.3%

Revenue ¥2.54B; Operating income ¥2.9M.

• ▍Revenue ¥2.54B
• ▍Operating income ¥2.9M
• ▍Net margin -0.5%

Revenue ¥2.20B; Operating income -¥28.2M.

• ▍Revenue ¥2.20B
• ▍Operating income -¥28.2M
• ▍Net margin -0.9%

Revenue ¥2.28B; Operating income ¥147.3M.

• ▍Revenue ¥2.28B
• ▍Operating income ¥147.3M
• ▍Net margin 4.9%

Revenue ¥10.29B, +36,1% YoY; Operating income −50,4% YoY.

• ▍Revenue ¥10.29B, +36,1% YoY
• ▍Operating income −50,4% YoY
• ▍Net income −60,5% YoY
• ▍Free cash flow −415,0% YoY
• ▍Net margin 0.9%

Revenue ¥7.57B, +25,2% YoY; Operating income +9,0% YoY.

• ▍Revenue ¥7.57B, +25,2% YoY
• ▍Operating income +9,0% YoY
• ▍Net income +24,3% YoY
• ▍Free cash flow −43,9% YoY
• ▍Net margin 3.0%

Revenue ¥6.04B, +25,7% YoY; Operating income +191,9% YoY.

• ▍Revenue ¥6.04B, +25,7% YoY
• ▍Operating income +191,9% YoY
• ▍Net income +179,9% YoY
• ▍Free cash flow +1 124,7% YoY
• ▍Net margin 3.1%

Revenue ¥4.81B, +1,8% YoY; Operating income −59,9% YoY.

• ▍Revenue ¥4.81B, +1,8% YoY
• ▍Operating income −59,9% YoY
• ▍Net income −67,8% YoY
• ▍Free cash flow −94,1% YoY
• ▍Net margin 1.4%