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44282025 Full YearGrowthJGAAP

sinops (4428) FY2025 FY Earnings Report

For FY2025 FY, revenue came to ¥2.0B (+14.9% year on year) and operating income ¥309.0M (+99.6%). The segment drivers and cash flow follow.

sinops Inc.

IT & Services, Others/Information & Communication


Financial Highlights

  • Net Sales: ¥2.04B
  • Operating Income: ¥309M
  • Net Income: ¥217M
  • EPS: ¥34.79

Income Statement

ItemCurrentPriorYoY %
Net Sales¥2.04B¥1.78B+14.9%
Cost of Sales¥1.16B¥1.05B+10.6%
Gross Profit¥879M¥726M+21.0%
SG&A Expenses¥570M¥571M−0.3%
Operating Income¥309M¥154M+100.6%
Non-operating Income¥4M¥3M+74.3%
Non-operating Expenses¥2M¥3M−32.2%
Ordinary Income¥311M¥154M+101.9%
Profit Before Tax¥312M¥151M+106.5%
Income Tax Expense¥95M¥43M+121.5%
Net Income¥217M¥108M+100.9%
Depreciation & Amortization¥126M¥121M+4.9%
Basic EPS¥34.79¥17.40+99.9%
Diluted EPS¥34.78¥17.38+100.1%
Dividend Per Share¥16.00¥7.00+128.6%
Total Dividend Paid¥99M¥93M+6.5%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥1.88B¥976M+¥902M
Cash and Deposits¥1.30B¥613M+¥688M
Accounts Receivable¥307M¥251M+¥56M
Non-current Assets¥560M¥1.19B−¥629M
Property, Plant & Equipment¥39M¥44M−¥5M
Intangible Assets¥339M¥357M−¥18M
Total Assets¥2.44B¥2.17B+¥273M
Current Liabilities¥535M¥395M+¥139M
Accounts Payable¥21M¥33M−¥12M
Non-current Liabilities¥5M¥5M+¥324,000
Total Liabilities¥540M¥400M+¥140M
Total Equity¥1.90B¥1.76B+¥133M
Capital Stock¥429M¥429M¥0
Capital Surplus¥390M¥392M−¥2M
Retained Earnings¥1.09B¥976M+¥116M
Treasury Stock−¥12M−¥31M+¥19M
Owners' Equity¥1.90B¥1.76B+¥134M
Working Capital¥1.34B--

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow¥389M¥115M+¥274M
Investing Cash Flow−¥103M−¥211M+¥108M
Financing Cash Flow−¥100M−¥122M+¥22M
Free Cash Flow¥286M--

Profitability Ratios

ItemValue
Operating Margin15.2%
ROA (Ordinary Income)13.5%
Payout Ratio46.0%
Dividend on Equity (DOE)5.5%
Book Value Per Share¥303.90
Net Profit Margin10.6%
Gross Profit Margin43.1%
Current Ratio351.3%
Quick Ratio351.3%
Debt-to-Equity Ratio0.28x
EBITDA Margin21.3%
Effective Tax Rate30.4%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+14.9%
Operating Income YoY Change+99.6%
Ordinary Income YoY Change+101.5%
Profit Before Tax YoY Change+106.5%
Net Income YoY Change+100.5%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)6.26M shares
Treasury Stock13K shares
Average Shares Outstanding6.24M shares
Book Value Per Share¥303.88
EBITDA¥435M

Dividend Information

ItemAmount
Q2 Dividend¥8.00
Year-End Dividend¥8.00

Full Year Forecast

ItemForecast
Net Sales Forecast¥2.34B
Operating Income Forecast¥390M
Ordinary Income Forecast¥392M
Net Income Forecast¥272M
Basic EPS Forecast¥43.55
Dividend Per Share Forecast¥17.00