Income Statement for Startups, Inc.

Stocks

7089

JP3803070006

Employment Services

Market Closed - Japan Exchange 10:30:00 21/08/2026 +04			5-day change	1st Jan Change
1,506.00 ^JPY	-7.21%		-5.88%	+59.20%

08-06	For Startups, Inc. Provides Consolidated Earnings Guidance for the Full Fiscal Year Ending March 31, 2027	CI
08-06	For Startups, Inc. Reports Earnings Results for the First Quarter Ended June 30, 2026	CI

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Published financial data: FOR STARTUPS, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022	2023	2024	2025	2026
Revenues	2.35B	3B	3.42B	3.69B	5.27B
Total Revenues	2.35B	3B	3.42B	3.69B	5.27B
Cost of Goods Sold, Total	474M	541M	693M	607M	1.07B
Gross Profit	1.87B	2.46B	2.72B	3.09B	4.2B
Selling General & Admin Expenses, Total	1.35B	1.86B	2.24B	2.56B	3.04B
Provision for Bad Debts	-	-	6M	-	1M
Depreciation & Amortization - (IS)	32M	16M	55M	77M	43M
Other Operating Expenses, Total	1.39B	1.87B	2.3B	2.63B	3.08B
Operating Income	488M	585M	424M	453M	1.12B
Interest Expense, Total	-	-	-	-4M	-6M
Interest And Investment Income	3M	-	6M	1M	3M
Net Interest Expenses	3M	-	6M	-3M	-3M
Income (Loss) On Equity Invest.	-	-	-	-	-69M
Other Non Operating Income (Expenses)	1M	2M	-3M	-2M	7M
EBT, Excl. Unusual Items	492M	587M	427M	448M	1.06B
Asset Writedown	-	-	-	-8M	-
Other Unusual Items	-	-	-31M	-	-
EBT, Incl. Unusual Items	492M	587M	396M	440M	1.06B
Income Tax Expense	120M	170M	146M	111M	338M
Earnings From Continuing Operations	372M	417M	250M	329M	717M
Net Income to Company	372M	417M	250M	329M	717M
Minority Interest	10M	25M	135M	24M	100M
Net Income - (IS)	382M	442M	385M	353M	817M
Net Income to Common Incl Extra Items	382M	442M	385M	353M	817M
Net Income to Common Excl. Extra Items	382M	442M	385M	353M	817M
Per Share Items
Net EPS - Basic	55.26	62.32	53.82	49.7	124.02
Basic EPS - Continuing Operations	55.26	62.32	53.82	49.7	124.02
Basic Weighted Average Shares Outstanding	6.91M	7.09M	7.15M	7.1M	6.59M
Net EPS - Diluted	55.26	60.64	52.91	49.66	123.76
Diluted EPS - Continuing Operations	55.26	60.64	52.91	49.66	123.76
Diluted Weighted Average Shares Outstanding	7.28M	7.3M	7.3M	7.12M	6.6M
Normalized Basic EPS	45.93	55.26	56.18	42.8	115.27
Normalized Diluted EPS	43.59	53.72	55.09	42.68	115.02
Supplemental Items
EBITDA	520M	601M	479M	530M	1.16B
EBITA	488M	585M	424M	453M	1.12B
EBIT	488M	585M	424M	453M	1.12B
EBITDAR	634M	730M	609M	809M	1.43B
Effective Tax Rate - (Ratio)	24.39	28.96	36.87	25.23	32.04
Normalized Net Income	318M	392M	402M	304M	759M
Non-Cash Pension Expense	-	-	3M	7M	9M
Supplemental Operating Expense Items
General and Administrative Expenses	90M	105M	108M	109M	110M
Net Rental Expense, Total	114M	129M	130M	279M	266M
Imputed Operating Lease Interest Expense	-	-	-	-	28M
Imputed Operating Lease Depreciation	-	-	-	-	238M

Fiscal Period: March	2022	2023	2024	2025	2026
Assets
Cash And Equivalents	1.72B	1.74B	1.66B	1.9B	2.16B
Total Cash And Short Term Investments	1.72B	1.74B	1.66B	1.9B	2.16B
Accounts Receivable, Total	426M	794M	890M	861M	1.4B
Total Receivables	426M	794M	890M	861M	1.4B
Prepaid Expenses	18M	25M	34M	37M	50M
Other Current Assets, Total	6M	3M	3M	19M	7M
Total Current Assets	2.17B	2.57B	2.58B	2.81B	3.62B
Net Property Plant And Equipment	135M	123M	67M	348M	306M
Long-term Investments	209M	214M	485M	395M	864M
Other Intangibles, Total	2M	-	-	-	-
Deferred Tax Assets Long-Term	53M	64M	106M	110M	174M
Other Long-Term Assets, Total	3M	1M	1M	1M	2M
Total Assets	2.57B	2.97B	3.24B	3.67B	4.96B
Liabilities
Accounts Payable, Total	-	-	-	1M	1M
Accrued Expenses, Total	58M	94M	127M	281M	382M
Current Portion of Long-Term Debt	116M	66M	-	114M	114M
Current Income Taxes Payable	764M	482M	408M	257M	860M
Other Current Liabilities	78M	137M	161M	135M	167M
Total Current Liabilities	1.02B	779M	696M	788M	1.52B
Long-Term Debt	66M	-	-	399M	285M
Other Non Current Liabilities	3M	1M	1M	2M	2M
Total Liabilities	1.08B	780M	697M	1.19B	1.81B
Common Stock, Total	224M	226M	238M	238M	239M
Additional Paid In Capital	224M	226M	238M	238M	239M
Retained Earnings	869M	1.31B	1.7B	2.05B	2.47B
Treasury Stock	-	-	-	-364M	-200M
Comprehensive Income and Other	2M	21M	33M	1M	1M
Total Common Equity	1.32B	1.78B	2.21B	2.16B	2.75B
Minority Interest	165M	405M	338M	313M	399M
Total Equity	1.48B	2.19B	2.54B	2.48B	3.15B
Total Liabilities And Equity	2.57B	2.97B	3.24B	3.67B	4.96B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	7.09M	7.09M	7.29M	6.6M	6.45M
ECS Total Common Shares Outstanding	7.06M	7.09M	7.29M	6.64M	6.45M
Book Value / Share	186.89	251.51	302.5	325.78	426.33
Tangible Book Value	1.32B	1.78B	2.21B	2.16B	2.75B
Tangible Book Value Per Share	186.61	251.51	302.5	325.78	426.33
Total Debt	182M	66M	0	513M	399M
Net Debt	-1.54B	-1.68B	-1.66B	-1.38B	-1.76B
Debt Equivalent Oper. Leases	912M	1.03B	1.04B	2.23B	2.13B
Minority Interest, Total (Incl. Fin. Div)	165M	405M	338M	313M	399M
Full Time Employees	115	166	194	230	2.53K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	1M	1M	2M

Fiscal Period: March	2022	2023	2024	2025	2026
Net Income	492M	586M	397M	440M	1.05B
Depreciation & Amortization - CF	32M	16M	55M	77M	43M
Depreciation & Amortization, Total	32M	16M	55M	77M	43M
(Gain) Loss From Sale Of Asset	-	-	-	8M	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	69M
Other Operating Activities, Total	-19M	-255M	-79M	-194M	-77M
Change In Accounts Receivable	-236M	-367M	-96M	28M	-535M
Change In Accounts Payable	287M	-121M	-185M	64M	285M
Change in Other Net Operating Assets	49M	106M	87M	-68M	126M
Cash from Operations	605M	-35M	179M	355M	965M
Capital Expenditure	-48M	-84M	-	-367M	-2M
Investment in Marketable and Equity Securities, Total	-30M	-10M	-	-30M	-551M
Other Investing Activities, Total	-90M	4M	-293M	145M	1M
Cash from Investing	-168M	-90M	-293M	-252M	-552M
Long-Term Debt Issued, Total	100M	-	-	570M	-
Total Debt Issued	100M	-	-	570M	-
Long-Term Debt Repaid, Total	-67M	-116M	-66M	-57M	-114M
Total Debt Repaid	-67M	-116M	-66M	-57M	-114M
Issuance of Common Stock	28M	4M	23M	-	2M
Repurchase of Common Stock	-	-	-	-363M	-233M
Other Financing Activities, Total	176M	265M	67M	-1M	187M
Cash from Financing	237M	153M	24M	149M	-158M
Miscellaneous Cash Flow Adjustments	-	-1M	1M	-	-1M
Net Change in Cash	674M	27M	-89M	252M	254M
Supplemental Items
Cash Interest Paid	-	-	-	5M	5M
Cash Income Tax Paid (Refund)	20M	257M	79M	194M	80M
Levered Free Cash Flow	-	-261M	198M	-21.38M	937M
Unlevered Free Cash Flow	-	-261M	198M	-18.88M	941M
Change In Net Working Capital	-	559M	122M	12M	-200M
Net Debt Issued / Repaid	33M	-116M	-66M	513M	-114M

Fiscal Period: March	2022	2023	2024	2025	2026
Profitability
Return on Assets	-	13.2	8.53	8.2	16.23
Return on Total Capital	-	18.65	11.04	10.23	21.41
Return On Equity %	-	22.71	10.56	13.1	25.48
Return on Common Equity	-	28.49	19.3	16.16	33.25
Margin Analysis
Gross Profit Margin %	79.81	81.95	79.71	83.56	79.76
SG&A Margin	57.67	61.91	65.52	69.21	57.67
EBITDA Margin %	22.15	20.05	14.02	14.35	22.08
EBITA Margin %	20.78	19.51	12.41	12.27	21.26
EBIT Margin %	20.78	19.51	12.41	12.27	21.26
Income From Continuing Operations Margin %	15.84	13.91	7.32	8.91	13.61
Net Income Margin %	16.27	14.74	11.27	9.56	15.51
Net Avail. For Common Margin %	16.27	14.74	11.27	9.56	15.51
Normalized Net Income Margin	13.52	13.07	11.76	8.23	14.41
Levered Free Cash Flow Margin	-	-8.72	5.8	-0.58	17.79
Unlevered Free Cash Flow Margin	-	-8.72	5.8	-0.51	17.86
Asset Turnover
Asset Turnover	-	1.08	1.1	1.07	1.22
Fixed Assets Turnover	-	23.24	35.96	17.8	16.11
Receivables Turnover (Average Receivables)	-	4.91	4.06	4.22	4.67
Short Term Liquidity
Current Ratio	2.13	3.3	3.71	3.57	2.37
Quick Ratio	2.11	3.26	3.66	3.5	2.33
Operating Cash Flow to Current Liabilities	0.6	-0.04	0.26	0.45	0.63
Days Sales Outstanding (Average Receivables)	-	74.27	90.21	86.53	78.19
Average Days Payable Outstanding	-	-	-	-	0.34
Long Term Solvency
Total Debt/Equity	12.26	3.02	-	20.71	12.67
Total Debt / Total Capital	10.92	2.93	-	17.16	11.24
LT Debt/Equity	4.45	-	-	16.11	9.05
Long-Term Debt / Total Capital	3.96	-	-	13.34	8.03
Total Liabilities / Total Assets	42.23	26.27	21.51	32.43	36.5
EBIT / Interest Expense	-	-	-	113.25	186.67
EBITDA / Interest Expense	-	-	-	132.5	193.83
(EBITDA - Capex) / Interest Expense	-	-	-	40.75	193.5
Total Debt / EBITDA	0.35	0.11	-	0.97	0.34
Net Debt / EBITDA	-2.95	-2.79	-3.46	-2.61	-1.52
Total Debt / (EBITDA - Capex)	0.39	0.13	-	3.15	0.34
Net Debt / (EBITDA - Capex)	-3.25	-3.25	-3.46	-8.48	-1.52
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	27.68	13.94	8.11	42.65
Gross Profit, 1 Yr. Growth %	-	31.11	10.83	13.33	36.16
EBITDA, 1 Yr. Growth %	-	15.58	-20.3	10.65	119.43
EBITA, 1 Yr. Growth %	-	19.88	-27.52	6.84	147.24
EBIT, 1 Yr. Growth %	-	19.88	-27.52	6.84	147.24
Earnings From Cont. Operations, 1 Yr. Growth %	-	12.1	-40.05	31.6	117.93
Net Income, 1 Yr. Growth %	-	15.71	-12.9	-8.31	131.44
Normalized Net Income, 1 Yr. Growth %	-	23.43	2.55	-24.35	149.79
Diluted EPS Before Extra, 1 Yr. Growth %	-	9.75	-12.75	-6.13	149.19
Accounts Receivable, 1 Yr. Growth %	-	86.38	12.09	-3.26	62.14
Net Property, Plant and Equip., 1 Yr. Growth %	-	-8.89	-45.53	419.4	-12.07
Total Assets, 1 Yr. Growth %	-	15.57	9.16	13.11	35.32
Tangible Book Value, 1 Yr. Growth %	-	35.46	23.65	-1.9	27.13
Common Equity, 1 Yr. Growth %	-	35.25	23.65	-1.9	27.13
Cash From Operations, 1 Yr. Growth %	-	-105.79	-611.43	98.32	171.83
Capital Expenditures, 1 Yr. Growth %	-	75	-	-	-99.46
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-175.75	-110.8	-4.48K
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-175.75	-109.53	-5.09K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	20.62	10.99	24.18
Gross Profit, 2 Yr. CAGR %	-	-	20.54	12.07	24.22
EBITDA, 2 Yr. CAGR %	-	-	-4.02	-6.09	55.82
EBITA, 2 Yr. CAGR %	-	-	-6.79	-12	62.53
EBIT, 2 Yr. CAGR %	-	-	-6.79	-12	62.53
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	-18.02	-11.18	69.35
Net Income, 2 Yr. CAGR %	-	-	0.39	-10.63	45.67
Normalized Net Income, 2 Yr. CAGR %	-	-	12.51	-11.92	37.46
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-2.15	-9.5	52.94
Accounts Receivable, 2 Yr. CAGR %	-	-	44.54	4.13	25.24
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	-29.55	68.2	113.71
Total Assets, 2 Yr. CAGR %	-	-	12.32	11.12	23.72
Tangible Book Value, 2 Yr. CAGR %	-	-	29.42	10.14	11.67
Common Equity, 2 Yr. CAGR %	-	-	29.32	10.14	11.67
Cash From Operations, 2 Yr. CAGR %	-	-	-45.61	218.48	132.19
Capital Expenditures, 2 Yr. CAGR %	-	-	-	109.02	-
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-71.4	117.57
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	-73.13	118
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	16.29	20.67
Gross Profit, 3 Yr. CAGR %	-	-	-	18.09	19.59
EBITDA, 3 Yr. CAGR %	-	-	-	0.64	24.61
EBITA, 3 Yr. CAGR %	-	-	-	-2.45	24.17
EBIT, 3 Yr. CAGR %	-	-	-	-2.45	24.17
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	-4.01	19.8
Net Income, 3 Yr. CAGR %	-	-	-	-2.6	22.73
Normalized Net Income, 3 Yr. CAGR %	-	-	-	-1.44	24.67
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-	-3.49	26.84
Accounts Receivable, 3 Yr. CAGR %	-	-	-	26.43	20.69
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	37.11	35.5
Total Assets, 3 Yr. CAGR %	-	-	-	12.58	18.66
Tangible Book Value, 3 Yr. CAGR %	-	-	-	18	15.53
Common Equity, 3 Yr. CAGR %	-	-	-	17.94	15.53
Cash From Operations, 3 Yr. CAGR %	-	-	-	-16.28	202.1
Capital Expenditures, 3 Yr. CAGR %	-	-	-	97	-71.23
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	53.06
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-	53.26