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175A2025 Full YearGrowthJGAAP

Will Smart (175A) FY2025 FY Earnings Report

For FY2025 FY, revenue came to ¥805.0M (+57.2% year on year) and operating loss ¥283.0M. The segment drivers and cash flow follow.

Will Smart Co.,LTD.

IT & Services, Others/Information & Communication


Financial Highlights

  • Net Sales: ¥805M
  • Operating Income: ¥-283M
  • Net Income: ¥-415M
  • EPS: ¥-283.20

Income Statement

ItemCurrentPriorYoY %
Net Sales¥805M¥512M+57.2%
Gross Profit¥231M¥157M+47.0%
SG&A Expenses¥514M¥385M+33.5%
Operating Income−¥283M−¥227M−24.7%
Non-operating Income¥26M¥8M+234.1%
Non-operating Expenses¥2M¥3M−14.5%
Ordinary Income−¥259M−¥223M−16.1%
Profit Before Tax−¥414M−¥223M−85.7%
Income Tax Expense¥1M¥943,000+44.4%
Net Income−¥415M−¥223M−86.1%
Depreciation & Amortization¥32M¥35M−7.3%
Interest Expense¥2M¥805,000+185.3%
Basic EPS−¥283.20−¥154.67−83.1%
Dividend Per Share¥0.00¥0.00-

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥406M¥482M−¥76M
Cash and Deposits¥105M¥108M−¥3M
Inventories¥18M¥11M+¥7M
Non-current Assets¥31M¥175M−¥144M
Property, Plant & Equipment¥4M¥29M−¥25M
Total Assets¥436M¥656M−¥220M
Current Liabilities¥427M¥237M+¥190M
Accounts Payable¥38M¥20M+¥18M
Short-term Loans¥326M¥145M+¥181M
Non-current Liabilities¥7M¥10M−¥3M
Long-term Loans¥7M¥9M−¥2M
Total Liabilities¥434M¥247M+¥187M
Total Equity¥3M¥410M−¥407M
Capital Stock¥635M¥631M+¥5M
Capital Surplus¥268M¥263M+¥5M
Retained Earnings−¥900M−¥484M−¥416M
Owners' Equity¥3M¥409M−¥406M
Working Capital−¥21M--

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow−¥122M−¥182M+¥60M
Investing Cash Flow−¥61M−¥14M−¥47M
Financing Cash Flow¥180M¥157M+¥23M
Free Cash Flow−¥183M--

Profitability Ratios

ItemValue
Operating Margin−35.2%
ROA (Ordinary Income)−47.5%
Book Value Per Share¥2.16
Net Profit Margin−51.6%
Gross Profit Margin28.7%
Current Ratio95.1%
Quick Ratio90.9%
Debt-to-Equity Ratio144.60x
Interest Coverage Ratio−123.20x
EBITDA Margin−31.2%
Effective Tax Rate−0.3%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+57.2%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)1.47M shares
Average Shares Outstanding1.47M shares
Book Value Per Share¥2.04
EBITDA−¥251M

Dividend Information

ItemAmount
Q2 Dividend¥0.00
Year-End Dividend¥0.00

Full Year Forecast

ItemForecast
Net Sales Forecast¥1.15B
Operating Income Forecast¥50M
Ordinary Income Forecast¥50M
Net Income Forecast¥40M
Basic EPS Forecast¥27.18