kubell Co Ltd

Kubell's capital structure is characterized by a strong liquidity position, with cash and equivalents amounting to ¥2.17 billion, representing 35.3% of total assets. The company's price-to-book ratio of 5.06 and price-to-tangible-book ratio of 5.06 suggest a premium valuation relative to its book value. However, the negative operating income of ¥13.7 million and net loss of ¥43.6 million indicate a lack of profitability, with return on equity at -1.81% and return on assets at -0.71%.

The company's debt-to-equity ratio of 0.55 is relatively moderate, and the current ratio of 1.24 suggests adequate short-term liquidity. However, the negative operating income and net loss highlight a significant deviation from the industry's preferred metrics, which typically emphasize consistent profitability and strong return on invested capital.

Kubell's revenue is concentrated in a single business segment, with no disclosed geographic breakdown. This lack of diversification increases exposure to sector-specific risks. The company's revenue of ¥19.35 billion is modest compared to global peers like Microsoft, Salesforce, and ServiceNow, which have significantly higher revenue scales.

The company's growth trajectory is uncertain, with no disclosed revenue growth in the current fiscal year. Analyst estimates for the last actual revenue of ¥9.53 billion suggest a potential decline from the reported ¥19.35 billion, indicating possible volatility or reporting inconsistencies.

Risk factors include the company's negative operating income and net loss, which could lead to increased financial leverage or the need for additional capital. The risk assessment indicates low dilution potential, but the negative earnings suggest a need for close monitoring of capital structure changes.

Recent events include the latest financial filing showing a net loss and negative operating income. No significant events or earnings calls were disclosed in the provided data, limiting insight into recent strategic or operational developments.

Revenue grew 29.7% CAGR over four years, reaching 9.5 billion JPY in fiscal 2026.

The company returned to profitability in fiscal 2026 with 215 million JPY net income.

Operating income surged 140.1% year-over-year to 481 million JPY in fiscal 2026.

Free cash flow turned positive in fiscal 2026, growing 122.3% to 291 million JPY.

Long-term debt decreased to 932 million JPY in fiscal 2026 from 1.16 billion JPY prior.

The company carries a high credit risk flag, indicating potential solvency concerns.

Debt-to-equity ratio of 0.55 sits in the bottom quartile of the software cohort.

Revenue ¥2.58B, +12,9% YoY; Operating income +114,9% YoY.

• ▍Revenue ¥2.58B, +12,9% YoY
• ▍Operating income +114,9% YoY
• ▍Net income +113,0% YoY
• ▍Net margin 6.6%

Revenue ¥2.42B, +10,4% YoY; Operating income −19,0% YoY.

• ▍Revenue ¥2.42B, +10,4% YoY
• ▍Operating income −19,0% YoY
• ▍Net income −45,6% YoY
• ▍Net margin 2.5%

Revenue ¥2.30B, +11,5% YoY; Operating income +72,8% YoY.

• ▍Revenue ¥2.30B, +11,5% YoY
• ▍Operating income +72,8% YoY
• ▍Net income −78,9% YoY
• ▍Net margin 0.6%

Revenue ¥2.29B; Operating income -¥1.38B.

• ▍Revenue ¥2.29B
• ▍Operating income -¥1.38B
• ▍Net margin -57.2%

Revenue ¥2.19B; Operating income ¥157.2M.

• ▍Revenue ¥2.19B
• ▍Operating income ¥157.2M
• ▍Net margin 5.0%

Revenue ¥2.06B; Operating income ¥41.0M.

• ▍Revenue ¥2.06B
• ▍Operating income ¥41.0M
• ▍Net margin 3.3%

Revenue ¥1.93B; Operating income -¥13.7M.

• ▍Revenue ¥1.93B
• ▍Operating income -¥13.7M
• ▍Net margin -2.3%

Revenue ¥9.53B, +12,5% YoY; Operating income +140,1% YoY.

• ▍Revenue ¥9.53B, +12,5% YoY
• ▍Operating income +140,1% YoY
• ▍Net income +118,3% YoY
• ▍Free cash flow +122,3% YoY
• ▍Net margin 2.3%

Revenue ¥8.47B, +30,6% YoY; Operating income −31,9% YoY.

• ▍Revenue ¥8.47B, +30,6% YoY
• ▍Operating income −31,9% YoY
• ▍Net income −77,3% YoY
• ▍Free cash flow −92,8% YoY
• ▍Net margin -13.8%

Revenue ¥6.49B, +41,2% YoY; Operating income −26,0% YoY.

• ▍Revenue ¥6.49B, +41,2% YoY
• ▍Operating income −26,0% YoY
• ▍Net income +3,8% YoY
• ▍Free cash flow +29,6% YoY
• ▍Net margin -10.2%

Revenue ¥4.59B, +36,2% YoY; Operating income −4,9% YoY.

• ▍Revenue ¥4.59B, +36,2% YoY
• ▍Operating income −4,9% YoY
• ▍Net income +1,3% YoY
• ▍Free cash flow −5,6% YoY
• ▍Net margin -15.0%

Revenue ¥3.37B; Operating income -¥688.1M.

• ▍Revenue ¥3.37B
• ▍Operating income -¥688.1M
• ▍Net margin -20.6%