EF On Inc

EF On Inc has a liquidity position that is characterized by a current ratio of 1.82, indicating that the company has sufficient current assets to cover its current liabilities. However, the company's net cash position is negative after subtracting total debt, which suggests a potential liquidity risk. The company's cash and equivalents amount to 5,574,000,000 JPY, which is offset by a long-term debt of 23,882,000,000 JPY, resulting in a debt-to-equity ratio of 1.31.

In terms of profitability, EF On Inc's return on equity (ROE) is 0.0024, and its return on assets (ROA) is 0.001, both of which are below the typical thresholds for strong performance in the electric utilities industry. The company's net income of 43,000,000 JPY and operating income of 103,000,000 JPY indicate a modest level of profitability, but these figures are relatively low compared to industry benchmarks.

The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no significant geographic diversification reported. This lack of diversification may expose the company to higher risks if there are regional economic downturns or regulatory changes affecting the electric utility sector.

Looking at the growth trajectory, EF On Inc's capital expenditure of -647,000,000 JPY suggests that the company is not investing heavily in new projects or infrastructure, which could limit its future growth potential. The company's operating cash flow of 2,577,000,000 JPY provides some flexibility for reinvestment or debt reduction, but the absence of significant capital spending may hinder long-term expansion.

The risk assessment for EF On Inc highlights a medium liquidity risk and a low dilution risk. The company's debt-to-equity ratio of 1.31 and the negative net cash position after subtracting total debt are key flags that could impact its financial stability. However, the low dilution risk indicates that the company is not expected to issue additional shares in the near term, which is a positive sign for existing shareholders.

Recent events and filings do not indicate any major changes in the company's operations or financial strategy. The company's shares have a mean price target of 490.00 JPY, with a median and high price target also at 490.00 JPY, suggesting a consensus among analysts regarding the stock's valuation. The mean recommendation of 2.00 (on a scale from 1 to 5) indicates a neutral stance, with one buy recommendation and no strong buy or hold recommendations.

This is the first analysis for Ef-on Inc (9514.T), meaning there is no prior basis for computing material changes or deltas in the company's profile. Consequently, no specific operational, financial, or strategic shifts can be identified from the available data to drive a narrative of change. The company currently shows zero coverage from analysts and officers, with no recorded index memberships or top holders. This lack of data points suggests a limited public footprint or a recent initiation of tracking for this ticker, preventing any comparative assessment against previous periods. Cross-source signals indicate minimal media activity, with dispatch counts remaining at zero for most days between late May and mid-June 2026. Only isolated instances of activity were recorded, such as one dispatch on June 12 and three on June 15, but no sentiment data is available to interpret the nature of these mentions. Broader market sagas, including the US-Iran Conflict Escalation and Iran Nuclear Deal Uncertainty, are present in the data but lack specific linkage to Ef-on Inc's performance or strategy. Without direct evidence connecting these macro events to the company, their significance to Ef-on Inc remains undefined in this initial assessment.

Analysts project 43.7% upside to a consensus price target of 490 JPY, signaling strong market confidence in future performance.

Free cash flow grew 21.6% year-over-year to 2.1 billion JPY, demonstrating improved operational efficiency and liquidity generation.

Net income surged 151.6% year-over-year to 707 million JPY, indicating a significant recovery in profitability compared to the prior year.

Cash conversion ratio of 59.93% ranks as best-in-class within the Electric Utilities cohort, highlighting superior cash management capabilities.

Long-term debt decreased to 22 billion JPY in FY2025, reflecting a consistent deleveraging trend that strengthens the balance sheet over time.

The company faces high credit risk, which could impair its ability to secure financing or maintain stable operations in adverse conditions.

Return on equity of 0.24% is well below the cohort median of 3.82%, suggesting inefficient use of shareholder capital relative to competitors.

Revenue growth stagnated at just 0.7% year-over-year, suggesting limited top-line expansion potential in the current fiscal environment.

Revenue ¥4.88B, +17,9% YoY; Operating income +898,6% YoY.

• ▍Revenue ¥4.88B, +17,9% YoY
• ▍Operating income +898,6% YoY
• ▍Net income +1 313,9% YoY
• ▍Net margin 39.7%

Revenue ¥4.85B, +11,8% YoY; Operating income −10,3% YoY.

• ▍Revenue ¥4.85B, +11,8% YoY
• ▍Operating income −10,3% YoY
• ▍Net income 0,0% YoY
• ▍Net margin 3.4%

Revenue ¥4.92B, +10,7% YoY; Operating income −52,2% YoY.

• ▍Revenue ¥4.92B, +10,7% YoY
• ▍Operating income −52,2% YoY
• ▍Net income −55,3% YoY
• ▍Net margin 2.2%

Revenue ¥4.67B, +6,5% YoY; Operating income +239,8% YoY.

• ▍Revenue ¥4.67B, +6,5% YoY
• ▍Operating income +239,8% YoY
• ▍Net income +295,4% YoY
• ▍Net margin 3.6%

Revenue ¥4.14B; Operating income ¥286.0M.

• ▍Revenue ¥4.14B
• ▍Operating income ¥286.0M
• ▍Net margin 3.3%

Revenue ¥4.34B; Operating income ¥273.0M.

• ▍Revenue ¥4.34B
• ▍Operating income ¥273.0M
• ▍Net margin 3.8%

Revenue ¥4.45B; Operating income ¥343.0M.

• ▍Revenue ¥4.45B
• ▍Operating income ¥343.0M
• ▍Net margin 5.3%

Revenue ¥4.39B; Operating income ¥103.0M.

• ▍Revenue ¥4.39B
• ▍Operating income ¥103.0M
• ▍Net margin 1.0%

Revenue ¥17.60B, +0,7% YoY; Operating income +108,7% YoY.

• ▍Revenue ¥17.60B, +0,7% YoY
• ▍Operating income +108,7% YoY
• ▍Net income +151,6% YoY
• ▍Free cash flow +21,6% YoY
• ▍Net margin 4.0%

Revenue ¥17.47B, +3,1% YoY; Operating income −55,8% YoY.

• ▍Revenue ¥17.47B, +3,1% YoY
• ▍Operating income −55,8% YoY
• ▍Net income −65,9% YoY
• ▍Free cash flow +27,6% YoY
• ▍Net margin 1.6%

Revenue ¥16.95B, +27,8% YoY; Operating income −7,0% YoY.

• ▍Revenue ¥16.95B, +27,8% YoY
• ▍Operating income −7,0% YoY
• ▍Net income −7,7% YoY
• ▍Free cash flow +178,4% YoY
• ▍Net margin 4.9%

Revenue ¥13.26B, +0,9% YoY; Operating income −43,5% YoY.

• ▍Revenue ¥13.26B, +0,9% YoY
• ▍Operating income −43,5% YoY
• ▍Net income −46,6% YoY
• ▍Free cash flow +42,2% YoY
• ▍Net margin 6.7%