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47122025 Full YearStandardIFRS

KeyHolder (4712) FY2025 FY Earnings Report

For FY2025 FY, revenue came to ¥35.6B (+14.6% year on year) and operating income ¥1.6B (-43.9%). The segment drivers and cash flow follow.

KeyHolder,Inc.

IT & Services, Others/Services


Financial Highlights

  • Net Sales: ¥35.63B
  • Operating Income: ¥1.57B
  • Net Income: ¥999M
  • EPS: ¥45.56

Income Statement

ItemCurrentPriorYoY %
Net Sales¥35.63B¥31.09B+14.6%
Cost of Sales¥29.30B¥25.96B+12.9%
Gross Profit¥6.33B¥5.13B+23.5%
SG&A Expenses¥5.66B¥5.01B+12.9%
Operating Income¥1.57B¥2.81B−43.9%
Equity Method Investment Income¥790M¥948M−16.7%
Profit Before Tax¥1.06B¥2.63B−59.8%
Income Tax Expense¥59M¥359M−83.5%
Net Income¥999M¥2.27B−56.0%
Net Income Attributable to Owners¥857M¥2.50B−65.7%
Total Comprehensive Income¥1.00B¥2.28B−56.2%
Basic EPS¥45.56¥133.01−65.7%
Diluted EPS¥45.56¥133.01−65.7%
Dividend Per Share¥10.00¥0.00-
Total Dividend Paid¥188M¥188M+0.0%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥12.27B¥10.42B+¥1.84B
Accounts Receivable¥5.26B¥4.64B+¥625M
Inventories¥682M¥543M+¥138M
Non-current Assets¥42.56B¥43.85B−¥1.29B
Property, Plant & Equipment¥22.00B¥23.23B−¥1.22B
Intangible Assets¥906M¥1.25B−¥345M
Goodwill¥5.92B¥5.64B+¥278M
Total Assets¥54.83B¥54.27B+¥556M
Accounts Payable¥5.21B¥4.58B+¥635M
Non-current Liabilities¥22.18B¥23.52B−¥1.35B
Total Liabilities¥32.08B¥32.33B−¥256M
Total Equity¥22.75B¥21.94B+¥811M
Capital Stock¥92M¥92M¥0
Capital Surplus¥14.20B¥14.20B−¥88,000
Retained Earnings¥8.37B¥7.70B+¥672M
Treasury Stock−¥133M−¥133M−¥393,000
Shareholders' Equity¥22.60B¥21.93B+¥670M
Equity Ratio41.2%40.4%+0.8%

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow¥3.18B¥2.35B+¥829M
Investing Cash Flow¥251M−¥3.90B+¥4.16B
Financing Cash Flow−¥2.44B¥582M−¥3.03B
Cash and Cash Equivalents¥5.10B¥4.11B+¥986M
Free Cash Flow¥3.43B--

Profitability Ratios

ItemValue
ROE3.9%
Operating Margin4.4%
ROA (Ordinary Income)1.9%
Payout Ratio21.9%
Dividend on Equity (DOE)0.8%
Book Value Per Share¥1,201.11
Net Profit Margin2.4%
Gross Profit Margin17.8%
Debt-to-Equity Ratio1.41x
Effective Tax Rate5.6%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change+14.6%
Operating Income YoY Change−43.9%
Profit Before Tax YoY Change−59.8%
Net Income YoY Change−56.0%
Net Income Attributable to Owners YoY Change−65.7%
Total Comprehensive Income YoY Change−56.2%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)18.97M shares
Treasury Stock149K shares
Average Shares Outstanding18.82M shares
Book Value Per Share¥1,208.91

Dividend Information

ItemAmount
Q2 Dividend¥0.00
Year-End Dividend¥10.00

Segment Information

SegmentRevenueOperating IncomeAssets
AdvertisingAgency¥6.55B−¥25M¥2.17B
GeneralEntertainment¥14.55B¥1.81B¥13.09B
Logistics¥5.61B¥421M¥22.77B
OperatingSegmentsNotIncludedInReportableSegmentsAndOtherRevenueGeneratingBusiness¥2.48B¥115M¥4.16B
VideoProduction¥6.45B¥95M¥4.57B

Full Year Forecast

ItemForecast
Net Sales Forecast¥36.00B
Operating Income Forecast¥1.60B
Net Income Attributable to Owners Forecast¥1.00B
Basic EPS Forecast¥53.14
Dividend Per Share Forecast¥11.00