Atomix Co Ltd

Atomix maintains a strong liquidity position with JPY 2,594,922,000 in cash and equivalents, representing 17.1% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is robust, supported by JPY 493,902,000 in operating cash flow and a current ratio of 2.11. This liquidity profile is well above the median for the Commodity Chemicals industry.

Profitability metrics indicate a weak performance relative to industry norms. Return on equity (ROE) of 0.73% and return on assets (ROA) of 0.49% are significantly below the industry median for both metrics. Gross margin of 27.0% is in line with the cohort median, but operating margin of 3.5% and net margin of 2.2% are below the median for the sector, suggesting inefficiencies in cost control or pricing power.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic shifts and regulatory changes. The absence of segment-specific revenue data limits visibility into operational performance across product lines.

Growth trajectory appears muted, with no disclosed revenue growth in the most recent fiscal year. The company's capital expenditure of JPY -694,379,000 indicates a net reduction in long-term assets, which may signal a strategic shift or capital conservation. The price-to-earnings ratio of 51.65 suggests the market is pricing in limited near-term growth expectations.

Risk factors are minimal in the current period, with low liquidity and dilution risk scores. The debt-to-equity ratio of 0.02 is well below the industry median, and no dilution events were detected in recent filings. However, the company's reliance on a single business model and geographic concentration introduces medium-term strategic risk.

Recent filings and transcripts show no material changes in business strategy or capital structure. The company's last actual EPS of 43.00 JPY and revenue of JPY 12,348,500,000 align with disclosed financials, indicating consistent performance. No material events were reported in the last 12 months that would alter the company's risk profile.

Free cash flow improved 41.7% year-over-year, signaling a meaningful recovery in cash generation capabilities.

Cash conversion of 6.62 ranks as best-in-class within the Commodity Chemicals cohort of 600 peers.

Debt-to-equity ratio of 0.02 sits above the 75th percentile, indicating a highly conservative capital structure.

Revenue grew 1.9% year-over-year to JPY 12.35 billion, demonstrating modest top-line expansion in FY2025.

Long-term debt decreased to JPY 197.8 million in FY2025, reflecting a continued deleveraging trend.

Return on equity of 0.73% is well below the 3.61% cohort median, suggesting poor capital efficiency.

Free cash flow remains negative at JPY -108.1 million in FY2025, despite recent year-over-year improvement.

Revenue ¥3.14B, −2,3% YoY; Operating income −28,5% YoY.

• ▍Revenue ¥3.14B, −2,3% YoY
• ▍Operating income −28,5% YoY
• ▍Net income −22,1% YoY
• ▍Net margin 2.5%

Revenue ¥3.06B, +2,8% YoY; Operating income +150,7% YoY.

• ▍Revenue ¥3.06B, +2,8% YoY
• ▍Operating income +150,7% YoY
• ▍Net income +172,7% YoY
• ▍Net margin 4.1%

Revenue ¥2.88B, +2,2% YoY; Operating income +142,8% YoY.

• ▍Revenue ¥2.88B, +2,2% YoY
• ▍Operating income +142,8% YoY
• ▍Net income +401,2% YoY
• ▍Net margin 2.3%

Revenue ¥3.34B, −0,8% YoY; Operating income −39,3% YoY.

• ▍Revenue ¥3.34B, −0,8% YoY
• ▍Operating income −39,3% YoY
• ▍Net income −7,3% YoY
• ▍Net margin 2.1%

Revenue ¥3.21B; Operating income ¥141.2M.

• ▍Revenue ¥3.21B
• ▍Operating income ¥141.2M
• ▍Net margin 3.1%

Revenue ¥2.97B; Operating income ¥67.0M.

• ▍Revenue ¥2.97B
• ▍Operating income ¥67.0M
• ▍Net margin 1.6%

Revenue ¥2.82B; Operating income ¥37.5M.

• ▍Revenue ¥2.82B
• ▍Operating income ¥37.5M
• ▍Net margin 0.5%

Revenue ¥3.37B; Operating income ¥116.6M.

• ▍Revenue ¥3.37B
• ▍Operating income ¥116.6M
• ▍Net margin 2.2%

Revenue ¥12.35B, +1,9% YoY; Operating income −4,9% YoY.

• ▍Revenue ¥12.35B, +1,9% YoY
• ▍Operating income −4,9% YoY
• ▍Net income −4,3% YoY
• ▍Free cash flow +41,7% YoY
• ▍Net margin 1.9%

Revenue ¥12.12B, +6,4% YoY; Operating income +192,2% YoY.

• ▍Revenue ¥12.12B, +6,4% YoY
• ▍Operating income +192,2% YoY
• ▍Net income +192,4% YoY
• ▍Free cash flow −704,0% YoY
• ▍Net margin 2.0%

Revenue ¥11.39B, +3,0% YoY; Operating income −72,8% YoY.

• ▍Revenue ¥11.39B, +3,0% YoY
• ▍Operating income −72,8% YoY
• ▍Net income −78,4% YoY
• ▍Free cash flow −109,4% YoY
• ▍Net margin 0.7%

Revenue ¥11.06B, −0,6% YoY; Operating income −30,4% YoY.

• ▍Revenue ¥11.06B, −0,6% YoY
• ▍Operating income −30,4% YoY
• ▍Net income −0,3% YoY
• ▍Free cash flow −21,2% YoY
• ▍Net margin 3.4%