V-cube Inc

V-Cube Inc operates with a highly leveraged capital structure, as evidenced by a debt-to-equity ratio of 7.45, significantly above the industry median. The company's liquidity position is constrained, with a current ratio of 0.57, indicating that current liabilities exceed current assets. Despite holding JPY 1,286,985,000 in cash and equivalents, the company's long-term debt of JPY 8,563,661,000 results in a negative net cash position.

Profitability metrics for V-Cube Inc are mixed. The company reported a return on equity (ROE) of 5.89%, which is modest but positive, while its return on assets (ROA) of 0.54% is weak, suggesting inefficient use of assets to generate returns. These figures fall below the industry median for both ROE and ROA, indicating underperformance relative to peers.

The company's revenue is concentrated in a single business segment, IT Services, with no disclosed geographic diversification. This lack of diversification increases exposure to sector-specific risks and regional economic fluctuations. The absence of segment or geographic breakdown in the financial data limits the ability to assess risk distribution.

Growth prospects for V-Cube Inc appear limited. The company's revenue in the latest period was JPY 2,807,163,000, with no disclosed year-over-year growth rate. Analyst estimates for revenue and earnings are not aligned with historical performance, as the last actual EPS was reported at -122.64 JPY, indicating a loss.

Risk factors for V-Cube Inc include high leverage and liquidity constraints. The company's debt-to-equity ratio of 7.45 and a negative net cash position raise concerns about its ability to meet long-term obligations. Dilution risk is currently low, but the company's capital structure leaves little room for error in the event of a downturn.

Recent financial filings and transcripts do not provide additional insights into the company's strategic direction or operational performance. The absence of recent events or disclosures limits the ability to assess management's response to market conditions.

Long-term debt decreased to 6.9 billion JPY in FY2026, suggesting a reduction in leverage compared to prior years.

Net loss narrowed significantly to 1.4 billion JPY in FY2025 from 5.6 billion JPY in FY2024.

Operating margin of 4.07% trails the IT Services cohort median of 5.13%, indicating weaker profitability.

Debt-to-equity ratio of 7.45 places the company in the bottom quartile of its peer cohort.

The company faces high credit risk and medium liquidity risk according to internal risk flag assessments.

Revenue ¥2.64B, −0,8% YoY; Operating income −378,8% YoY.

• ▍Revenue ¥2.64B, −0,8% YoY
• ▍Operating income −378,8% YoY
• ▍Net income −197,8% YoY
• ▍Net margin -82.6%

Revenue ¥2.21B, +1,0% YoY; Operating income −6,4% YoY.

• ▍Revenue ¥2.21B, +1,0% YoY
• ▍Operating income −6,4% YoY
• ▍Net income +24,4% YoY
• ▍Net margin -16.2%

Revenue ¥2.57B, −8,7% YoY; Operating income −159,1% YoY.

• ▍Revenue ¥2.57B, −8,7% YoY
• ▍Operating income −159,1% YoY
• ▍Net income −50,1% YoY
• ▍Net margin -16.4%

Revenue ¥2.45B, −12,8% YoY; Operating income −726,2% YoY.

• ▍Revenue ¥2.45B, −12,8% YoY
• ▍Operating income −726,2% YoY
• ▍Net income −415,6% YoY
• ▍Net margin -8.7%

Revenue ¥2.66B; Operating income -¥583.6M.

• ▍Revenue ¥2.66B
• ▍Operating income -¥583.6M
• ▍Net margin -27.5%

Revenue ¥2.18B; Operating income -¥363.2M.

• ▍Revenue ¥2.18B
• ▍Operating income -¥363.2M
• ▍Net margin -21.6%

Revenue ¥2.81B; Operating income -¥69.8M.

• ▍Revenue ¥2.81B
• ▍Operating income -¥69.8M
• ▍Net margin -10.0%

Revenue ¥2.81B; Operating income ¥114.3M.

• ▍Revenue ¥2.81B
• ▍Operating income ¥114.3M
• ▍Net margin 2.4%

Revenue ¥9.86B, −5,8% YoY; Operating income −351,9% YoY.

• ▍Revenue ¥9.86B, −5,8% YoY
• ▍Operating income −351,9% YoY
• ▍Net income −123,9% YoY
• ▍Free cash flow −133,4% YoY
• ▍Net margin -32.2%

Revenue ¥10.46B, −5,6% YoY; Operating income +78,1% YoY.

• ▍Revenue ¥10.46B, −5,6% YoY
• ▍Operating income +78,1% YoY
• ▍Net income +74,8% YoY
• ▍Free cash flow +77,1% YoY
• ▍Net margin -13.5%

Revenue ¥11.08B, −9,4% YoY; Operating income −2 150,8% YoY.

• ▍Revenue ¥11.08B, −9,4% YoY
• ▍Operating income −2 150,8% YoY
• ▍Net income −6 747,1% YoY
• ▍Free cash flow −507,0% YoY
• ▍Net margin -50.7%

Revenue ¥12.23B, +6,4% YoY; Operating income −74,6% YoY.

• ▍Revenue ¥12.23B, +6,4% YoY
• ▍Operating income −74,6% YoY
• ▍Net income −93,6% YoY
• ▍Free cash flow −391,3% YoY
• ▍Net margin 0.7%